It’s hard not to get lost among Kuala Lumpur’s skyscrapers that are lining up the streets — whether they are impressive condominiums with modern architecture, or high-end buildings that boast of high-technology and luxury. Tucked along Jalan Tun Razak is Vista Damai, a freehold condominium that is only three kilometres away from the world-famous Petronas Twin Towers.
Click here(and scroll down if needed) if you are looking for property listings for Vista Damai – these are aggregated from the biggest property portals in Malaysia.
There seems to be an oversupply of condominium units in this “mini enclave” off Jalan Tun Razak (consisting of Vista Damai, MyHabitat and the upcoming KL Trillion). Vista Damai seems to be the “value option” among the three – more on this later on in this review.
We regularly receive anecdotal information from people in the industry as well as from buyers and sellers regarding specific KLCC properties. Below is a selection of (non-vetted) information about Vista Damai – as these are unverified please do not base your investment decisions on them entirely. We shall not be held responsible for losses incurred from the actions that you choose to partake resulting from reading these gossips. If you agree with this condition, unlock the content box below with a Facebook “like”.
Got a gossip or tip-off? Email us at firstname.lastname@example.org 🙂
Residents can choose from six layouts that are sized as follows:
- 659 square feet (one bedroom)
- 780 square feet (one bedroom)
- 863 square feet (one bedroom)
- 972 square feet (one + one bedroom)
- 1,100 square feet (two bedrooms)
- 1,450 square feet (three rooms)
Most of Vista Damai’s facilities are typical for modern condominiums. The condominium offers these amenities at a reasonable price — something that is not so common especially among KLCC condominiums. The condominium has a covered parking bay exclusive for its residents, as well as a 24-hour security system. For its amenities and facilities, residents are able to enjoy its barbecue area, a gymnasium, a squash court, a wading pool and a swimming pool, a sauna, and a playground. These facilities would definitely benefit its residents who also value convenience, practicality, and a modern lifestyle.
Vista Damai Prices
The pricing trend for Vista Damai condominiums have been stable for the past few years. Its highest recorded asking price for the past five years was RM600 per square feet. Relatively, the condominium’s asking price haven’t suffered any major increase or decrease in the last decade, it has remained steady around the RM550 per square feet for the last three years.
At the time of this review there are classifieds with asking price of around RM700 psf – although this may be a little unrealistic. For an easy method on how to valuate a Vista Damai unit, click here.
The chart below shows the pricing trends for Vista Damai for the past few months. These are asking prices as recorded in various property portals and other sources as collated by the GoodPlace.my’s pricing tracker.
It is also worth noting that city condominiums which are just right “outside” the KLCC enclave tend to register slower capital appreciation (although this might change with the newer developments such as Setia Sky Residences, myHabitat and KL Trillion – under development during the publication of this review).
This map below shows where Vista Damai is and its proximity to nearby amenities. The map is interactive; click on the shortcuts on the right to toggle the amenities.
[poiautomap address=”Vista Damai Condominium Jalan Damai Kuala Lumpur” zoom=”15″]Vista Damai[/poiautomap]
Living in the centre of Kuala Lumpur has a lot of perks. Vista Damai enjoys a central location directly facing Jalan Tun Razak, next to the myHabitat condominiums (reviewed here) on Jalan Tun Razak. City Square, Plaza Ampang and Hilton DoubleTree are further down the road – all within walking distance.
Perhaps the biggest appeal of Vista Damai is its central location; the Intermark mall is just next door while Ampang Park is about 500m away. Suria KLCC is also reachable by foot. As such, it’s no surprise that Vista Damai would score highly on GoodPlace’s Walkability Scale from 0 to 100 (with 100 being the absolute best); Vista Damai’s walkability score stands at 74, which is respectably high. For an interpretation on how this score is calculated (and to download a free map containing the walkability scores of almost all KLCC properties), go here.
There is no doubt how the nearby KLCC enclave offers a whole lot of sights and sounds. Do not leave your taste buds, too—the best dining experience is happening right in the KLCC enclave – about a kilometre away. Shopping malls and shops are abundant and within walking distance from Vista Damai. They include Ampang Park Shopping Centre and Plaza Ampang Mall. The famous Pavilion K and Suria KLCC can be reached via car or by public transport.
Expats in the community would benefit from the condominium’s location, as it is nearby embassies, including the Spanish Embassy, British High Commission, the Thailand Embassy, and French Embassy Working citizens would favour Vista Damai’s strategic positioning, it being closed to major corporate buildings and offices. Among them are Plaza OSK, GTower, Citibank Tower, and Megan Avenue.
One great thing about being located off Jalan Tun Razak is its accessibility to almost every road in Kuala Lumpur. One could go places easily via highways and expressways, such as SMART Highway, Putrajaya KL-Highway, and Ampang Kuala Lumpur Elevated Highway. Public transportation is also easy—bus stops and taxi stands are everywhere.
Of course, the fun doesn’t stop as Kuala Lumpur is the city that never sleeps—expect fun to happen during the night, when the city becomes alive with the lights of its skyscrapers’ lights. Restaurants, pubs, and cafes are all within reach from the condominium.
Vista Damai would inevitably be compared to myHabitat which is located right across the road, but the latter is priced at RM1,000 psf compared to the former’s RM600 psf price. For more examples for comparison, further up Jalan Tun Razak (about 1.5km away) is Setia Sky Residences which is around myHabitat’s price. It is somewhat puzzling to us that the prices for Vista Damai have remained rather flat despite the upward trend of most condominiums’ prices in the city.
Vista Damai is a good choice to buyers who are looking for a centrally located condominium minus the bells and whistles and the premium price tag. For another good alternative at this price level also check out the Regalia – located on Jalan Sultan Ismail; it’s newer but the location is not as central.
Also, the refurbishment has added renewed vigour to the condominium; although the facade still looks rather dated the new coat of paint has given the aging property a fresh outlook. Finally, the small-ish units with a relatively low PSF price means that the outlay is low.
All in all, there are gems to be had – but only if you look closely enough. The price that you pay will largely determine if you can get meaningful yield in the long run, and to help you nail down the sensible price, download this valuation guide (free) courtesy of GoodPlace.my –