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SS2 of Petaling Jaya is an extremely prosperous area pulsating with life at all times of the day, from before the sun rises where crowds focus on the neighbourhood market, to the wee hours of the morning where the eateries bulge with night owls. It is one of the most established commercial hubs as well as the largest district in Petaling Jaya, with Damansara Jaya, Damansara Utama, SS17, and SS23 (Taman SEA) as its neighbours.
The commercial centre remains the focal point of SS2. Every conceivable type of business can be found in this area from marriage preparation shops to dessert parlours, surrounded by landed properties which their values increase without fail with the advancement of years. In recent times, many chic and independently owned cafes have sprouted in SS2, catering to both the older and younger generation. Other forms of development include a large number of banks, parks and playgrounds, a police station and a fire department, and schools located right in the heart of the commercial area.
The property environment in SS2 is flourishing with constant development, consisting mostly of residential terrace houses and condominiums. The Five Stones is a new luxury condominium, recently completed and caters to those within the high-income bracket. An upcoming commercial development to be reckoned with is The Hub, a 44-storey tower consisting mainly of office blocks, which is to be completed by 2018.
SS2 is generally surrounded by several large shopping malls and can be easily accessed via the Lebuhraya Damansara-Puchong (LDP), SPRINT Highway, and the North-Klang Valley Expressway (NKVE).
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
SS2 | 0 |
RM420,000
-
RM5,500,000
RM 300 psf - RM 1,000,000 psf |
RM400 - RM400 | NIL | 1.3 % |
Cloverton | 2014 |
RM3,900,000
-
RM3,900,000
RM 928 psf - RM 928 psf |
NIL | NIL | NIL |
Five Stones | Dec 2012 |
RM1,500,000
-
RM3,600,000
RM 754 psf - RM 955 psf |
RM3,700 - RM3,700 | NIL | 2.43 % |
The Grove | Oct 2011 |
RM2,600,000
-
RM5,565,000
RM 475 psf - RM 1,010 psf |
NIL | NIL | NIL |
Palm Reserve | Oct 2011 |
RM1,030,000
-
RM3,500,000
RM 624 psf - RM 700 psf |
NIL | NIL | NIL |
Ameera Residences | 2009 |
RM230,000
-
RM3,300,000
RM 290 psf - RM 821 psf |
RM1,200 - RM1,200 | NIL | 2.41 % |
Ken Damansara III | Oct 2008 |
RM250,000
-
RM790,000
RM 367 psf - RM 658 psf |
RM600 - RM600 | NIL | 4.12 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | RM 566 psf | - | - |
1,500 - 2,500 SQ. FT | RM 747 psf | - | RM 1,630,000 psf |
2,500 - 4,000 SQ. FT | RM 781 psf | RM 1,800,000 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 59,000 |
Loan Amount ( 90 %) | RM 531,000 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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