Damai Residence at Sungai Besi is a leasehold serviced residence development consisting of a 31-storey single tower. Not to be confused with Damai Residence located in Kampung Datuk Keramat, this property is located at Jalan Sungai Besi in the Chan Sow Lin area.
Damai Residence is a medium-density development, with 443 units. It is located opposite Bandar Malaysia, putting it in close proximity to the Kuala Lumpur city centre (KLCC).
The built-ups for units here range from 695 sf to 1,051 sf, with a configuration of 2 or 3 bedrooms, catering comfortable living spaces for single working adults up to small families. Interested homebuyers will also have the option of a fully-furnished unit, which would require a top-up of RM25,000 to RM30,000.
The property is equipped with facilities that are able to facilitate healthy and holistic living. For exercise purposes, there is an infinity pool, gym, yoga deck and open space for any kind of workout. Meanwhile, residents who just want a relaxing moment can chill at the floating sun lounge, sunken garden or garden seat.
Located close to the heart of downtown Kuala Lumpur, Damai Residence enjoys easy access to major highways. Other amenities nearby include Sunway Velocity, IKEA Cheras and MyTOWN Shoping Centre. While slightly further away are even more options such as Suria KLCC, Intermark, Avenue K and Mid Valley Megamall.
The Tun Razak Exchange (TRX) mega project just 5km away from Damai Residence could contribute to its capital appreciation as TRX is poised to be Kuala Lumpur’s new CBD and the nation’s International Financial District.
In addition to that, the MRT station slated for completion in 2022 at Jalan Chan Sow Lin is also expected to provide convenience for those who commute using public transport. The said station is sited between the TRX station and Bandar Malaysia North station, and is connected to the LRT Ampang Line.
Listed under the Kuala Lumpur City Plan 2020, the Chan Sow Lin area is being rapidly transformed with developments comprising residential, commercial and industrial components. The outlook for Jalan Sungai Besi and Chan Sow Lin is expected to be relatively bright due to its location and potential spillover from Bandar Malaysia.
With good accessibility, connectivity and Bandar Malaysia as a catalyst for future developments, Damai Residence is bound to be an ideal home or property investment option close to the city centre.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Damai Residence | 2021 |
RM291,600
-
RM599,000
RM 326 psf - RM 705 psf |
RM1,300 - RM1,300 | NIL | 5.52 % |
| Seri Puteri | July 2013 |
RM345,000
-
RM590,000
RM 328 psf - RM 559 psf |
RM1,700 - RM1,700 | NIL | 4.61 % |
| Southgate | Mar 2011 |
RM450,000
-
RM650,000
RM 529 psf - RM 692 psf |
RM1,265 - RM3,800 | NIL | 5.52 % |
| Vista Tasik | 2002 |
RM359,000
-
RM650,000
RM 330 psf - RM 558 psf |
RM1,300 - RM1,300 | NIL | 3.47 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | RM 495 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 439 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | RM 208 psf |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 47,100 |
| Loan Amount ( 90 %) | RM 423,900 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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