Palm Spring (also known as Palm Spring Condominium) is a high density condominium located in Kota Damansara and developed by Muafakat Kekal. It comprises of 6 condominium blocks with a total of 2,180 condominium units. Each block has U-shape design thus one cannot see the passage far due to the U-shaped corridor. There are 329 parking bays provided plus 38 parking bays for visitors.
There are several amenities available nearby. Just besides Palm Spring, there are rows of shop that comprise of a number of cafes, restaurants and 7-Eleven. Within short driving distance, residents can reach prime shopping malls, namely The Curve, Cineleisure and IKANO Power Centre as well as a hypermarket, Tesco Damansara and the renowned Swedish furniture store, IKEA.
All these malls are connected to each other and one can walk through all of them. These malls contain chic and fancy restaurants, branded apparel stores and also leisure centers, such as karaoke center, cinema and bowling center. Not only that, it is just within minutes away from 1-Utama Shopping Center.
In terms of accessibility, Palm Spring is accessible via Jalan Damansara, Lebuhraya Damansara Puchong (LDP), Penchala Link and NKVE. Residents can utilize any of these options to reach the city center. It requires about 30 minutes reaching the city centre.
Property Details
◦Name: Palm Spring (also known as Palm Spring Condominium)
◦Address: Jalan PJU 3/29, Section 13, Kota Damansara, 47810 Petaling Jaya, Selangor
◦Developer: Muafakat Kekal
◦Completion Date: 2005
◦Type: Condominium
◦Tenure: Leasehold
◦Built-up: 915 – 1,259 sq ft
◦No. of Blocks: 6
◦No. of Units: 2,180
◦Subsale Price: RM163 psf
◦Rental: RM0.98 psf
Facilities
◦Clubhouse
◦7 swimming pools
◦Children’s wading pool
◦Indoor badminton court
◦Gymnasium
◦Sauna
◦Jacuzzi
◦Tennis court
◦Nursery
◦Children’s playground
◦Kindergarten
◦Golf-putting ground
◦Multi-level car park
◦24-hour security with smart card access system
Market Trends
Analysis
The Management and joint committee members have strengthen the effort to tighten the security, i.e. bringing in new security guards, implementing new CCTV camera at pedestrian entrance, touch card system with photos on every residents.
Most of the initial buyers of earlier blocks development have gained much capital appreciation from the investment, as they managed to sell them below developer price, which was the later launched price of the later blocks. Thus, initial Palm Spring’s owners have no problem to scrap their investments with profit than later owners. But then the developer had difficulties to sell the later units due to the complaints by the residents as well as the residents opt to sell their units at more attractive price than offered by the developer.
Furthermore, just passing by Palm Spring, one can evidence the parking issue that the residents are suffering as there are rows of cars parked on the roadside next to Palm Spring every single day and night. It is not surprising though, as Palm Spring comprises of 2,180 units but has only 329 parking bays to cater these residents. As more than half of the residents have to park their cars outside of the compound, they have to bear the risk of their cars being stolen and vandalized.
In order to access to Palm Spring, you have to struggle in massive traffic congestion along Persiaran Surian that connects Kota Damansara and Lebuhraya Damansara Puchong (LDP). The road is shared with thousands of residents from the over-developed Kota Damansara vicinity. Not only that, the tunnel was also flooded as heavy rain occurs due to bad drainage system.
The traffic congestion is also worsened by the rows of illegal car parking by Pelangi Damansara’s residents on the roadside of the main road. The traffic is not getting better even during weekends; as there are massive crowds utilize the road to reach the Mutiara Damansara shopping mall enclave.
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