Damansara City to fully operate by Q2 2016

The RM2.5bil Damansara City (DC), the flagship development of Guocoland (M) Bhd, is set to operate fully by the second quarter of 2016.

Sprawled over 3.44ha in Damansara Heights, the project consist of two high-rise residency towers, two Grade-A office towers, a lifestyle mall and a five-star hotel. It is expected to attract more than 10,000 patrons daily.

“DC residents are welcomed to move in by the end of this year while corporate and retail tenants can do so by the second quarter of next year.

“Our residences are 50% booked, with the corporate towers at 70% and the mall has secured in-principle agreements for half of the lettable space,” managing director Tan Lee Koon told reporters at the topping-out ceremony here yesterday.

He said the project was under the Economic Transformation Programme and was set to elevate Malaysia to a developed nation status by 2020.

“DC is also technologically advanced with MSC-status certification, environmentally friendly and complies with the Green Building Index Certified rating.

“We have invested in an underpass and a flyover into DC from Jalan Beringin and Jalan Johar,” Tan said, adding that both the 28-storey residency towers consisted of 370 units. — Bernama