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Analysis Malaysia Property Urban

Locating the Damansaras on Malaysia map

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Take a wild guess: How many Damansaras can we find on the map of Malaysia?

Based on the search performed through a tool developed by RED ANGPOW, 45 places containing the word Damansara can be located all over the country.

damansaras

Most of them are found in Selangor (34 locations) followed by Kuala Lumpur (8 locations), Johor (2 locations) and only one location in Pahang.

Thus, the names of those locations according to their respective states are listed below:

The Damansaras of Selangor

  1. Aman Suria Damansara
  2. Ara Damansara
  3. Bandar Utama Damansara
  4. Bayu Damansara
  5. Bella Damansara
  6. Casa Damansara
  7. Kota Damansara
  8. Damansara Avenue
  9. Damansara Idaman
  10. Damansara Legenda
  11. Damansara Kim
  12. Damansara Seresta
  13. Ara Damansara
  14. Flora Damansara
  15. Bandar Damansara Perdana
  16. Foresta Damansara
  17. Foresthill Damansara
  18. Ken Damansara
  19. Mutiara Damansara
  20. Neo Damansara
  21. Oasis Damansara
  22. One Damansara
  23. Pelangi Damansara
  24. Damansara Bistari
  25. Sunway Damansara
  26. Seri Utama Damansara
  27. Sphere Damansara
  28. Sutera Damansara
  29. Damansara North
  30. Villa Damansara
  31. Damansara Damai
  32. Bandar Sri Damansara
  33. Damansara Utama
  34. Damansara Jaya

The Damansaras of KL

  1. Sunway SPK Damansara
  2. Damansara Heights
  3. Damansara Glomac
  4. Damansara Pavilion
  5. Penchala Damansara
  6. Residensi Aira Damansara
  7. Residensi Damansara
  8. Residensi Hampton Damansara

The Damansaras of Johor

  1. Taman Damansara Aliff
  2. Taman Seri Damansara

The Damansara of Pahang

  1. Damansara Hills Kuantan

A brief history of Damansara

An interesting article published by SAYS explained that the area known as Damansara to most of us today was originally called Damar Sara.

As portrayed in the Map of the Malay Peninsula charted by Dominic Daniel Daly circa 1882, Damar Sara occupied an area located in between Klang and Kuala Lumpur.

Photo: SAYS / Redza Ibrahim Facebook (edited)

In modern times, that area is placed somewhere nearby Seksyen 23, Shah Alam.

We bet that many people living in Seksyen 23 are not aware of this fact.

When did the name change to Damansara?

According to the same article, a Facebook user, Redza Ibrahim cited a thread from Skyscrapercity.com forum which explained how Damar Sara became known as Damansara.

Well, here is the explanation:

“This is an interesting map that shows the original name of Damansara.

“Actually, the word Damansara has no meaning as it originated from a spelling mistake that occurred around 1890s when the British Resident, Sir William Maxwell, implemented Torrens system of land registration pursuant to the Selangor Registration of Titles Regulations of 1891.

“The error occurred when the land registrar mistook the letter r as n, and wrongly merged the original two-word name of Damar Sara to Damansara.

“The error is apparent as maps prior to 1891 (like this one) contained the original name Damar Sara.

“There was an ancient stone jetty & landing area (pengkalan batu) in Damar Sara which was utilised as a tin mining post.

“It is in the vicinity of what is today Section 23, Shah Alam.

“A river north of Damar Sara was subsequently named after the wrongly spelt Damansara which became the origin of Mukim Damansara and the name of as many as 25 housing developments around Petaling Jaya and Kuala Lumpur, with copycats in Johor Bahru as well as in Kuantan.

“Unlike Damansara, the original name Damar Sara has a specific meaning in old Malay and Sanskrit language.

Damar is a type of resin obtained from a tropical tree.

“Whilst Sara means precious or important in Sanskrit.”

(Credit – Yfaidzy from Skyscrapercity.com forum – Kuala Lumpur Old Pictorial thread)

So, the change of name was the result of misspelling done by a high-ranking British colonial officer.

Besides, it also seems fascinating to think of how the meaningless name of Damansara has replaced Damar Sara which means ‘precious resin’ in English.

Will there be more Damansaras?

Judging from the trend, we predict Damansara will continue to be one of the most popular words in naming new housing projects in the Klang Valley.

Perhaps, more Damansaras will pop up on the map in other states besides Kuala Lumpur, Selangor, Johor and Pahang when we perform the same analysis a decade from now.

Other articles:

What is the most popular word in housing project names?

What does RED ANGPOW do?

Categories
Analysis Condominium Elite Property Serviced Apartment

The Neighborhoods Of Kuala Lumpur & Selangor, And How Much You Need To Earn To Own A Home

Neighborhood and addresses greatly influence property prices. Your address is a status symbol and gives others perception that you belong to certain socio-economic group. Isn’t this the reason why we often ask someone when we meet them, right after we learn their name – “where do you live?”.

To many discerning buyers, neighborhood plays important decision point on where to buy their houses. Great neighborhoods will make you rub shoulders with the elites and it might turn into business opportunity. Great neighborhoods most likely offer good amenities such as good schools for your children, exclusive community malls, public transportation and lifestyle that fits the elites.

As Malaysia economy progresses, the income level rises with it. Consequently, there are more people that can afford to buy homes with exclusive addresses. This has been driving the demand. In order to fill up the demand, housing developers have been building high-end condominiums and serviced residence aggressively.

Fueled by the availability of credit, low interest rate environment and increased transportation connectivity Malaysia has seen a housing boom that stretch to more than a decade. We have seen a rapid increase in supply of high end high-rise property everywhere. To certain extend it has lead to oversupply in certain areas. So, buyers please be vigilant in this overhang market as it is buyers market, and you deserve a bargain.

The most exclusive addresses

We illustrate below top 20 most expensive neighborhood in Kuala Lumpur and Selangor. Jalan Ampang Hilir, Bangsar, Bukit Tunku, KL City Center, Damansara Heights and Mont Kiara stand out to be the most elite addresses in Malaysia. You can hardly find mid-size property priced 1.25M and below. Furthermore, the built up size of the property in these areas are relatively larger than the rest. In term of income level, the neighborhood belongs to people or family with monthly income of RM 20,000 and above.

KLCC View (Kuala Lumpur City Center)

The median price and qualifying income bracket for each neighborhood

Chart below shows the expected monthly income that you need to earn if you want to own a home in respective areas.

In this analysis we are using asking price and have excluded super house with value more than 5 millions. For installment and salary calculation, we are using prudent financial rule that 1/3 of income should be for housing need. Further assumptions made are loan duration of 25 years and housing loan interest of 4.5%.

Kuala Lumpur, Putrajaya and Selangor median price by neighborhood

Below is the table format of the neighborhood data. We have included built up size and estimated monthly installment as well.

[table id=1 /]

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Categories
Analysis Condominium Serviced Apartment

House Hunting Clues For Affordable Homes Of RM 500K And Below

Rising cost of living and acceleration of house appreciation over the last 2 decades have made many Malaysian low and middle income earners cannot afford to buy a home for their families.  Young graduates in particular, that earn entry level salary and having minimal credit history , stand a low chance of buying the home of their dreams in prime areas. Nevertheless, the options are still there. They can still find smaller places further away from prime areas that they can call their own. We at RED ANGPOW feel for their predicament and by using technology  we aim to help as much as we can to assist them find find best deal around. As such, we have developed data driven analysis and search tools of property below RM 500,000 in order to help them scan the areas that they might find properties that fit their criteria.

Charts below illustrate the overview of property for sale (online) in Klang Valley  – price of below RM 500K against above RM 500K.  Properties above RM 500K is definitely more than below RM 500K by a huge margin. Condominium represents the highest number of property type for sale while flat and apartment are among the lowest type of property available for sale. In recent times developers are in favor of building more expensive type of properties due to bigger profit margin and higher land acquisition cost. Similarly, banks are gunning for higher property loan as it inline with their preferred segments of higher income customers.  One question left unanswered by the property industry and authority- is there a huge mismatch of population demand between property price?  Well, we reserve this serious topic for another day with deeper analysis on the topic.

Note: The data used for the analysis does not represent the entire industry.  However it is sizable enough to tell an accurate picture of what is happening in the industry.

Number of property for sale for the price range of 500K and below is only around 29% of total while majority of population can only afford below this threshold.  No of property for sale for the price range of 500K to 1M represents around 36% of the market. Ideally, to buy 500K property you need RM 7,500 gross monthly income and to buy 1M property you need RM15,000 gross monthly income (using 30% of income rule as suggested by World Bank researchers). How many friends that you know earns monthly income of RM15,000 or above? Who is buying RM 1M dollar properties? Are Malaysians stretching their loans to max?

Properties on sale in Selangor, Kuala Lumpur and Putrajaya

 

Now let’s focus on properties of 500K and below.

Geographical location of affordable homes

Map below tell us there are locations where we can likely find properties below RM 500K. Areas with darker red color offer more affordable properties. The map is interactive and built by our in house expert and for you to use it for free. Best things in life are free isn’t it 😄.  Click here to view full page interactive map.

Map of property below RM 500K fir sale in Klang Valley

 

Key statistics

In term of average size for properties below RM 500K –  town house, link house and bungalow & semi-detached houses in outside prime areas have bigger built up. Serviced residence and condominiums have smaller built up as they are priced higher per square feet and predominantly placed in prime locations. As for apartment and flat, the built up and price per square feet are lower because they are meant to cater for lower income segment of home buyers.

Top areas for affordable homes

We have selected top 30 areas that offer property RM 500K in charts below. Charts shows composition of property type by area, price per square feet, average size and average number of bedrooms. Damansara Perdana has the highest number of affordable properties. For Damansara Perdana we have also includes adjacent neighborhood of Mutiara Damansara and a smaller part of Kota Damansara that includes Pelangi Damansara and Palm Spring Damansara in order to make the area sizable for more meaningful analysis. Damansara Perdana area offers predominantly condominium, serviced residence and apartment with smaller built up with higher price per square feet.  In second place, comes Cyberjaya that offers similar property type as Damansara Perdana. However, Cyberjaya has bigger built up and lower price per square feet relative to Damansara Perdana. Based on our research, Cyberjaya home profile is more geared towards students and expatriates. Below are the charts for you to explore.

 

Affordable homes by area

As a rule of thumb, for homes of RM 500K and below the closer the distance to KL City center the smaller the built up and thus the lesser number of bedroom it has. In order to keep the price relatively affordable, developers in the prime areas especially those that are closer to KL city center have built smaller property size to make within reach or larger group of population.

Affordable homes by size and distance to Kuala Lumpur City Center

More clues on affordable property by category and areas.

Aparment and Flat in Klang Valley by Area

Link House below 500K in Malaysia

 

Listings of Property for Sale Near Train Stations in Selangor, Kuala Lumpur and Putrajaya

The interactive map below helps home buyers to search for property near train station complete with drill down to the listings of property for sale. Home buyers are able to search by train lines (LRT/MRT/Komuter) and property type (Condo+Serviced Residence, Apartment and Flat). You can interchange the base map to satellite view with a push of a button. You can scan amenities, access roads and points on interest nearby by on map, and have bird’s eye view of the surrounding. With this tool, great deals are hard to miss!

Please click here to view to full page the map below.

Affordable property for sale near train station in Klang Valley

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