Streetscapes: Jalan SS20/10 a good investment option

This article first appeared in City & Country, The Edge Malaysia Weekly, on March 30, 2020 - April 05, 2020.

The street is not as busy and congested as other commercial streets in Damansara and Petaling Jaya, but parking is a problem. Photo by Low Yen Yeing/EDGEPROP.my

A highlight of the road are murals of birds in a flower garden, painted in an alley perpendicular to Jalan SS20/10. Photo by Patrick Goh/The Edge

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When you search for “Jalan SS20/10, Damansara Kim” on Google, chances are the results are mostly food-related posts. Damansara Kim, in Petaling Jaya, is relatively small compared with other neighbourhoods that bear the name “Damansara”. 

The commercial area comprises only two main streets: Jalan SS20/11; and Jalan SS20/10, where KPJ Damansara Specialist Hospital is located.

There are also 2-storey shoplots, a food court and 2-storey terraced houses in Jalan SS20/10. A highlight of the road are murals of birds in a flower garden, painted in an alley perpendicular to Jalan SS20/10 that is often used by pedestrians to get to the TTDI MRT station in Jalan Damansara.

The well-known SS20 Fish Head Noodle restaurant is located here. It started at a food court located between Jalan SS20/10 and Jalan Damansara, but has since moved to a shoplot situated diagonally across from the stall.

While stalls still operate at the food court, restaurants have also taken up residence in the shoplots. These eateries are fast gaining popularity for their delicious offerings. They include Farm to Plate, Restoran Sweet Inn, The Locker & Loft and Ice Dreams Café.

Other services and businesses operating in the shoplots in Jalan SS20/10 include The Bible Society of Malaysia, Damansara Kim Auto Electrical Service and 99 Speedmart.

While the street is not as busy and congested as other commercial streets in Damansara and Petaling Jaya, parking is a problem, especially in the daytime.

There is a small piece of land in front of KPJ Damansara Specialist Hospital that offers paid street parking bays, but they were fully occupied by 10am on the weekday when I visited the area. Based on observations, the people who park there are mostly hospital staff and visitors.

Down the street where the shoplots and food court are, street parking seems to be the only solution. Many people are forced to double-park before going about their business.

The parking problem persists into the evening because of the dinner crowd.

Another option would be to park at the Glo Damansara mall in Jalan Damansara, which is about a five-minute walk to Jalan SS20/10.

Metro Homes Realty Bhd executive director See Kok Loong notes that, like other mature areas, Jalan SS20/10 has seen a limited number of property transactions. Based on the figures he provided, there has been no transaction in Jalan SS20/10 since the one in 2012.

The shoplot, with a land area of 1,979.93 sq ft and a built-up of 5,190.03 sq ft, was transacted at RM2.82 million, or RM1,424.29 psf.

See says, “The prospects are average because it is a mature area … There is no new development or any element to change the landscape of the area. The shoplots there are still a good buy for investors who are looking for stable rental return because there won’t be any future supply like this in that area.”