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History of Damansara



Damansara Heights is easily accessible from Kuala Lumpur and Petaling Jaya. Jalan Maarof, in Bangsar, easily connects Jalan Damansara. Jalan Duta and Jalan Semantan can be utilized for a quick drive into Damansara Heights from the North-South Expressway.

According to The Edge Daily, Damansara Heights prides itself as one of the most exclusive neighborhoods in Malaysia. Starting as a residential scheme for government servants more than two decades ago, the address has evolved into a popular choice for high net-worth and the elite class. Besides this, almost all major financial institutions are represented in this limited commercial enclave which now hosts colleges, large multinational corporations, restaurants, regulatory bodies and government departments. To be precise, Jalan Semantan, Jalan Dungun, Jalan Damanlela and Medan Setia are the main corridors with commercial developments.

Over the years, the strategically located Damansara Heights has emerged as a favourable alternative to the congested Golden Triangle in KL.The first office building that came up in Damansara Heights was Wisma Damansara, built in 1970 by Selangor Properties. This was followed by the Damansara Office Complex on Jalan Dungun, which at the time also housed the local stock exchange.

There are about 25 purpose-built office buildings within the Damansara Heights' commercial enclave, contributing some 5,000,000 sq ft (460,000 m) of office space. Rentals here are about 25% cheaper than that in the city — for example in KL City Centre with the exception of Grade A buildings like Petronas Twin Towers, Menara Maxis, Menara Citibank, Menara Dion and Menara IMC, rent averages at RM 10 psf against RM 5 psf in Damansara Heights. The crème de la crème of Petronas Twin Towers commands RM12 psf while Menara Milenium in Damansara Heights fetches RM 8 psf.

The Damansara Heights landscape is improving and demand heating up — as evidenced by the 100% occupancy in 70% of the
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