Review on Twins at Damansara Heights
by Elaine
02 Feb 2008

Introduction
High rise, high margin, high price and of course high quality expected for this new Twins at Damansara Heights.  Love at a first sight to me is the grand architecture outlook of the building.  It is outstanding amount all nearby buildings together with Menara Millennium that is also unique in a sense setting another high standard in the area.  In the next decade, probably those who build box will no longer in the business.  Twins at Damansara Heights intensified the battle between KLCC, Mid-Valley, Bandar Utama, Mont’ Kiara and up coming Bangsar South.

Location
A spot that you will not miss as it is just situated side by side to Pusat Bandar Damansara whenever anyone driving through this area towards Kuala Lumpur.  It is somehow in between KLCC, Mid-Valley, Mont Kiara and Bangsar South.  Superbly well connected to all major top spots and surrounded by necessities like colleges, shopping centers, Class A offices and retail shops.  For the location index, it is five stars to me if KLCC or Bintang Walk areas are considered six stars.

Developer
Four developers teamed up together for this project are Lion group, AIG, Koh Maju and Heeton.  In fact, I do not know what is the reason requires for four developers to team up for such project.  But I believe this will strengthen the confidence index of a quality delivery.  For this project, the influence of developer index is fine to us as the surrounding areas are already well developed.  Thus, those big names will just need to ensure quality delivery will sum up the subject.

Special
Personally I like the designed of the building as mentioned earlier.  The extensive use of glass to enable panoramic skyline view of Kuala Lumpur and Petaling Jaya City is also one of the key design feature needed for this class of project.

Credit also given to this project as certain fine luxurious details are included for its interior finishing with natural marble, wood flooring and tasty fixtures and fittings.  I hope the final finishing for this project will further emphasize not just only interior but overall details.  As I always believe luxurious living is always referred to very fine details.

With Axis architects and Clouston Design are the important elements of the design, I will be very eager to review again upon the completion of the project and hope to see another benchmark set in our local front.

Against
The location is great but also to me can be a drawback for the project.  As this location is well known to be a hyper vibrant area, cars and people flows are very high indeed.  As it is beside a major road connecting Damansara to Kuala Lumpur, noise pollution is a definite fact.  It will not be for all but if you are a sensitive person to noise, then it is suggested to be there yourself and feel the environment before making the decision.

Conclusion
An average price of RM 850.00 per sf comes with basic fixtures and fittings and certain appliances are considered a fair price.  We expect the target market is for mid-age high flying executives and foreigners are the major investors.  With an expected 20-30% capital return when the project completed and a yield of between 6-8%.  The future yield and upside of the asset will depend on how well KLCC is going and the spill over effect of recent bullish high margin residential run-up to this also highly sought-after address.  Overall, it is another high potential investment opportunity for genuine buyers and as investment.