The Aldenz

The Aldenz is an exceptional high-rise residential development located in the vibrant Central Park Damansara, Petaling Jaya.

Comprising one 40-level tower with 662 units, The Aldenz offers a unique living experience that harmonizes urban convenience with the serenity of nature. With layouts ranging from 2 to 3 bedrooms, this development caters to a diverse range of lifestyles and preferences.

Scheduled for completion in 2028, The Aldenz is set to provide residents with a sustainable lifestyle enriched by premium amenities and a central location.

Features

• Unit Composition: Offers a total of 662 units with flexible layouts ranging from 2-bedroom (775 sq. ft.) to 3-bedroom (926 sq. ft.) configurations.
• Pricing: Gross prices starting from RM625,700, with attractive monthly payment options available (from RM2.4k/month for Type-A units).
• Innovative Layouts: Features hackable walls in the 3-bedroom layouts, allowing residents to customize their living spaces according to their evolving needs.
• Premium Amenities:
  • Swimming Pool
  • Multipurpose Hall
  • Fitness Center and Yoga Deck
  • Kids Playroom and Playground
  • Co-working and Reading Lounge
  • BBQ Area and Herb Garden on the Sky Deck
• Sustainable Living: Designed to promote a lifestyle that integrates wellness and environmental consciousness, offering green spaces and energy-efficient facilities.
• Strategic Location: Close proximity to shopping malls (Empire City, The Curve, 1 Utama), educational institutions (Puat Chai Primary School, First City University), and medical facilities (KPJ Damansara Specialist Hospital).
• Excellent Connectivity: Well-connected via public transport including MRT stations and bus routes, making commuting convenient for residents.
• Maintenance Fee: Competitive maintenance fee of RM0.38 per square foot, inclusive of the sinking fund.

Project Details

Location: Jalan PJU 8/8, Damansara Perdana, 47820 Petaling Jaya, Selangor
Project Title: Commercial
Tenure Type: Leasehold
Minimum Price: RM 622,200
Maximum Price: RM 794,700
Area/City: Damansara Perdana

Specification

Built Up: 775 – 926 sf
Land Area: 2.555 Acres
Bedroom: 2 – 3
Max Unit: 662
Number of Blocks: 1 Tower
Number of Floors: 40 Levels
Freehold / Leasehold: Leasehold
Lifts per Floor: 6 + 1 lifts
Developer: Exsim
Expected Completion: Expected Q1 2029

Market Trends

The sub-sale market for The Aldenz is influenced by several key factors:

• Location: Being situated in Damansara Perdana, The Aldenz benefits from excellent connectivity to major highways, public transport options, and nearby shopping malls, schools, and medical facilities. This increases its desirability among both buyers and renters.
• Amenities: The comprehensive range of facilities available at The Aldenz enhances its appeal. Prospective tenants are often willing to pay a premium for access to lifestyle amenities such as pools, fitness centers, and green spaces.
• Economic Factors: The overall economic landscape in Malaysia, including interest rates and employment rates, plays a significant role in shaping the sub-sale market. Current trends indicate a gradual recovery post-pandemic, with more buyers entering the market.
• Investment Potential: As Petaling Jaya continues to develop as a hub for businesses and urban living, properties like The Aldenz are likely to see sustained interest, further driving transaction prices upward.

Sub-Sale Market Analysis

In the vicinity of Central Park Damansara, several notable developments contribute to the sub-sale market landscape.

These include high-rise condominiums, landed properties, and mixed-use developments that cater to a diverse range of buyers and renters.

Some prominent nearby properties include:

1. Empire City
2. Tropicana City Mall Residences
3. Verve Suites

1. Transaction Prices

The transaction prices of nearby properties vary significantly based on factors such as location, type of property, and amenities offered.

Here’s a breakdown of average transaction prices for some of these developments:

• Empire City: Average transaction price: RM700,000 to RM1,000,000 for 2-bedroom and 3-bedroom units.
• Tropicana City Mall Residences: Average transaction price: RM500,000 to RM750,000 for units ranging from 800 sq. ft. to 1,200 sq. ft.
• Verve Suites: Average transaction price: RM650,000 to RM900,000 for units ranging from 850 sq. ft. to 1,100 sq. ft.

2. Rental Prices

The rental market for nearby properties also reflects strong demand, with average rental prices as follows:

• Empire City: RM2,800 to RM3,500 monthly rental price for various unit types.
• Tropicana City Mall Residences: RM2,200 to RM2,800 monthly rental price for 2-bedroom units.
• Verve Suites: RM2,600 to RM3,200 monthly rental price for 2-bedroom and 3-bedroom units.

These rental prices suggest a competitive market with attractive yields for investors.

The average rental yield in this area hovers around 4% to 6%, which is promising considering the high occupancy rates typically seen in Petaling Jaya.