Damansara City Mall: Growth or Decline?
DC Mall is a 5-storey boutique retail podium within Damansara City that provides daily conveniences, best of class dining and beauty services. Located at Jalan Damanlela, Bukit Damansara, 50490 Kuala Lumpur. It is a prime commercial area with adjoining integrated development of Guoco Tower, DC Residensi. The closest MRT is 400 meters - Pusat Bandar Damansara MRT.
Target customers are for urbanites, office crowds, and tourists alike. Facing the prime property location from Pavilion Damansara Heights.
However, being in a prime location makes it competitive with Pavilion Damansara Heights. Althought newly built in 2016, it faces stiff challenge due to the huge supply of shopping malls in Malaysia.
GuocoLand expects DC Mall to be 70% leased by its opening in April next year, a statement made during launch. Sitting on 8.5 acres of freehold land next to Pusat Bandar Damansara.
Discover the foot traffic on an afternoon. There is a roof terrace and potential. There is turnover in the tenancy with anchor also moving out during COVID. Has traffic recovered after COVID?
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