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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

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

1 Jalan Medan Setia 1, Kuala Lumpur, Malaysia

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

Gross Leasable Area
5
Parking Spaces
200
Average Monthly Footfall
41,667
Owner
Syarikat Perumahan Pegawai Kerajaan
Anchor Tenants
Private

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
10 km
Catchment area population
468,939 People
Population growth rate
2.0 %
Median age
32 Years
Household size
3.5 Persons
Education level (tertiary)
40.0 %

Median household income
12,000 MYR/month
Unemployment rate
3.4 %
Cost of living index
70 Index

Retail spending per capita
2,000 MYR/year
Spending on apparel
500 MYR/year
Spending on groceries
1,000 MYR/year
Spending on electronics
300 MYR/year

Annual foot traffic
500,000 Visitors/year
Dwell time
45 Minutes
Conversion rate
20.0 %
Sales per square meter
5,000 MYR/sqm/year

Number of retail stores
137 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
High
Unique Concepts
Yes

Gross Leasable Area
5 SQM sqm
Number of Levels
5 Levels
Average rent per square meter
17.22 MYR/sqm/month
Vacancy rate
20.0 %
Lease term flexibility
Standard
Available retail space
11 Units

Proximity to main roads
Adjacent
Public transport access
High
Parking spaces
200 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
30.0 %
Internet penetration
90.0 %

Retail crime rate
20 Index
Security measures
CCTV and Guards

Promotional events
Yes
Loyalty program penetration
20.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
Yes
Mall expansion plans
nan
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