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Plaza Damansara, completed in 1996, is a freehold shop-office complex in Kuala Lumpurs Damansara Heights, an affluent enclave. With 137 units from 1,200 to 23,660 sq ft, it houses retail, dining, and offices.
Accessibility is strong via major highways and public transport, including nearby MRT.
Tenant mix features prominent F&B like Mollydookers Coffee Bar, Kinme, and pubs such as JungleBird, complemented by boutiques. The area demographics comprise high-income locals and expats, driving consistent footfall. Occupancy hovers around 80%, per Greater KL trends. Rents range RM5,200-RM23,000 monthly, offering value in a premium market. Advantages include established vibrancy and parking; challenges involve competition from nearby malls like Pavilion Damansara Heights and DC Mall, potentially saturating general retail.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 10:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics
Damansara Heights hosts upper-middle to high-income households, with median incomes exceeding national averages. Population includes professionals, families, and expatriates drawn to international schools like Cempaka and proximity to city center. This profile supports premium pricing for lifestyle and dining tenants, though footfall is more localized compared to regional malls.
Competition
Intense competition from adjacent developments such as Pavilion Damansara Heights (upscale retail and dining) and DC Mall (culinary focus) challenges broader retail occupancy. One Utama, a larger mall, draws regional shoppers. Plaza Damansara differentiates via intimate, neighborhood vibe for casual F&B, mitigating risks from market saturation in fashion and electronics.
Lease Terms
Lease terms feature monthly rents from RM5.20 per sq ft for smaller retail spaces, with freehold ownership ensuring long-term stability. Ample parking and 24-hour security enhance operational quality. However, aging infrastructure from 1996 build may require tenant investments in fit-outs. Overall, balanced risks with steady demand in affluent locale.
Building Details
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Kuala Lumpur
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Kuala Lumpur
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