Bangunan Setia 1 Office for Rent in KL (2026)
Answer capsule
Bangunan Setia 1 is a 13-storey freehold en-bloc office at No. 15, Lorong Dungun, Damansara Heights / Bukit Damansara, Kuala Lumpur, completed 1999 and refurbished 2020. Total NLA is 142,763.66 sq ft, typical floor ~14,000 sq ft (whole floors 13,072–14,511 sq ft observed). 2025–2026 asking rent sits at RM4.50–RM5.50 psf/month across six independent broker / press sources; the Knight Frank 1Q2025 Damansara Heights submarket average is RM4.62 psf. The building is 2 minutes' walk from Semantan MRT (Kajang Line, KG14) per PHNB. The single institutional landlord is Pelaburan Hartanah Nasional Berhad (PHNB), a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB).
Fast facts
| Field | Value | Source / date |
|---|---|---|
| Grade (A/B + basis) | Not formally labelled A or B by Knight Frank / JLL / CBRE. Contemporary asking rent (RM4.50–RM5.50 psf) and 1999 vintage place it in the KL Fringe / Damansara Heights Grade B tier per market practice. One agent listing markets "Grade A" — that is the agent's marketing claim, not a third-party grade label. | Knight Frank 1Q2025 submarket data (The Edge, 2026-08-06); a dated broker listing agent listing (2026-08-06) |
| Completed / major refurb | 1999 completed; major refurb 2020 | PHNB official (2026-08-06); a dated broker listing (2026-08-06); cbd.my (2026-08-06) |
| NLA + typical floor plate | 142,763.66 sq ft NLA; ~14,000 sq ft typical floor; whole-floor observed 13,072–14,511 sq ft on Levels 3, 5, 8, 9 | PHNB official; Zerin Properties; a dated broker listing; a dated broker listing (2026-08-06) |
| Efficiency (net:gross) | Not published by PHNB. Building management call required. | — |
| Asking rent (gross/net flagged) | RM4.50–RM5.50 psf/month. Listings do not consistently flag gross vs net — verify per quote. RM4.50 bare/partially-fitted whole floor; RM5.50 fully-fitted unit (a dated broker listing). Knight Frank 1Q2025 Damansara Heights submarket average: RM4.62 psf. | Zerin Properties; a dated broker listing; a dated broker listing; JLL; The Edge / Knight Frank 1Q2025 (all 2026-08-06) |
| Asking vs effective rent spread | Not in public sources. PHNB-managed en-bloc with no published transacted-deal data. Building management call required. | — |
| Service charge (RM psf/mo) | Not in public sources. PHNB does not publish a psf service-charge figure; no public broker listing specifies. Building management call required. | PHNB (2026-08-06); cbd.my; a dated broker listing; a dated broker listing (all reviewed 2026-08-06, no SC published) |
| Car park (bay ratio, rate, visitor rate) | 1 bay per 1,000 sq ft leased (cbd.my). Reserved RM300/bay/month; floating RM230/bay/month (cbd.my). 205 bays total (PHNB primary); 189 (a dated broker listing agent — flag discrepancy). Public transient: 1st hour free w/ PNBC stamp, then RM3.00; weekend flat RM5.00/entry; Early Bird (entry pre-8:00am) RM15.00; motorcycle RM5.00/entry. Monday–Sunday 6% SST inclusive on normal rates. | cbd.my; PHNB official; a dated broker listing (all 2026-08-06) |
| After-hours air-con rate | Not in public sources. Building management call required. | — |
| MD / Malaysia Digital status | MSC Status: N/A (cbd.my). MD status is company-activity-based since 25 March 2022, not building-bound — being in this building does not confer or deny MD status. | cbd.my (2026-08-06); MDEC policy (2026) |
| Green cert (GBI/LEED/GreenMark) | None verified. No GBI / GreenRE / LEED / GreenMark registration found. | All sources reviewed 2026-08-06 |
| Anchor tenants / tenant roster | "Multiple multinationals" / "a host of multinationals" — general description only; no specific MNC named in any public source. Confirmed ground-floor F&B tenant: ZUS Coffee. PHNB (building manager) is the on-site institutional presence; PNB group HQ is at Jalan Tun Razak, NOT at this building. | PNB virtual-tour landing; PHNB official; cbd.my; a dated broker listing; a dated broker listing; BHPetrol outlet listing (all 2026-08-06) |
| Nearest rail + walk time | Semantan MRT (Kajang Line, KG14) — 2-min walk (PHNB official). Alternative 5-min walk / 0.5 km cited by some 2026 YouTube and broker sources — use PHNB-official 2-min as primary. Station opened 16 Dec 2016 (Phase 1, Sungai Buloh–Semantan); Entrance B is on Jalan Dungun. | PHNB official; en.wikipedia.org/Semantan_MRT_station; mrt.com.my (2026-08-06) |
| Backup power / carrier neutrality | No backup power (per cbd.my). 5 passenger lifts + 1 service lift; centralised air-conditioning (split-unit allowance in selected areas). | PHNB; cbd.my (2026-08-06) |
| Last verified [date] | Rent, parking and MRT walk: 2026-08-06. Service charge, AC OT, lease terms: not in public sources. | SPEEDHOME (this page) |
What you'll actually pay — TCO for a 5,000 sq ft unit
Headline rent is the wrong number to shop on. Service charge is unverified for this building; the row below is flagged accordingly. SST 8% applies on rent and service charge.
| Line item | RM / month | RM psf / month | Notes |
|---|---|---|---|
| Base rent (RM5.00 psf mid-band of RM4.50–RM5.50) | 25,000 | 5.00 | Quoted 2025–2026 listings; not transacted |
| Service charge | Not in public sources. PHNB call required. | — | Building management at [email protected] / 03-2639-3551 |
| Car park — 5 reserved bays (1 bay / 1,000 sq ft, RM300/mo) | 1,500 | 0.30 | cbd.my |
| After-hours air-con (est. 2 zones × 30 hrs OT) | Not in public sources. PHNB call required. | — | — |
| Utilities (electric, water — tenant contract) | ~1,500 | ~0.30 | Indicative; tenant-contract direct billing |
| SST 8% on rent + service charge | 2,000 (on rent alone, SC unknown) | — | SST applies on taxable supply per current rules; verify taxable base with PHNB |
| Total — illustrative, SC unknown | ~30,000+ | ~6.00+ | Service charge absent is the largest single unverified line — a 5,000 sq ft unit at RM2.00 psf SC alone adds RM10,000/mo |
For MNC / high-covenant tenants, some Malaysian landlords accept a bank guarantee in lieu of a cash security deposit — worth asking PHNB at Letter of Offer stage, but not a stated universal right for this building.
Will my team fit here? 20 / 50 / 100 pax scenarios
Bangunan Setia 1's ~14,000 sq ft whole floor supports the mid-sized scenarios directly; larger teams need multi-floor take-up. Two density tiers (100 sqft/pax lean and 150 sqft/pax standard) are the Malaysian office norm.
| Headcount | Density (sqft/pax) | Space needed | Fit at Bangunan Setia 1 | All-in monthly (RM5.00 psf + verified parking only; SC unknown) |
|---|---|---|---|---|
| 20 pax | 100 | 2,000 sq ft | Sub-divided unit (2,700 sq ft available on Level 6 per cbd.my) | ~RM10,000 rent + ~RM600 parking = ~RM10,600 (excl. SC, utilities) |
| 50 pax | 150 | 7,500 sq ft | One whole floor (Levels 3, 5, 8, 9) plus sub-divisible top-up, or ~half a 14,000 sq ft floor | ~RM37,500 rent + ~RM2,250 parking = ~RM39,750 (excl. SC, utilities) |
| 100 pax | 150 | 15,000 sq ft | 1.5 whole floors (typical 14,000 sq ft × 2) — split-floor or expansion | ~RM75,000 rent + ~RM4,500 parking = ~RM79,500 (excl. SC, utilities) |
Service charge absent from these numbers — at a typical KL Fringe Grade B assumption of RM1.50–2.50 psf, add RM11,250–RM18,750/mo to the 50 pax scenario, RM22,500–RM37,500/mo to the 100 pax scenario. Building management call to PHNB is the only path to the actual figure.
Transit reality
Semantan MRT (Kajang Line, station KG14) is a 2-minute walk from the building's Lorong Dungun entrance, per PHNB. Entrance B of the station is on Jalan Dungun directly opposite Wisma UOA Damansara. The station opened on 16 December 2016 (Phase 1, Sungai Buloh–Semantan). By car: the building sits on Lorong Dungun off Jalan Semantan, off the SPRINT Expressway (Damansara Link); 10–15 minutes to KL city centre via Jalan Damansara and Jalan Parlimen per a dated broker listing. E-hailing pickup and 8:45am car-park queue are not in public sources — measure on site.
Who's in the building
Tenant mix is opaque at the named-tenant level. Public sources describe "multiple multinationals" / "a host of multinationals" (PHNB, PNB virtual-tour landing, cbd.my, Zerin Properties, a dated broker listing, a dated broker listing) but no public source names a specific MNC tenant. The on-site institutional presence is PHNB itself (the building's owner/manager); PNB's own headquarters is at 201-A Jalan Tun Razak (Balai PNB), not at this address. The only specifically named ground-floor F&B tenant is ZUS Coffee (BHPetrol outlet listing). Building occupancy rate is not in public sources. Verified tenants:
- PHNB / PNB group-affiliated entity (on-site, building manager) — PHNB official
- "Multiple multinationals" — general description, no named company — PHNB / cbd.my / Zerin / a dated broker listing / a dated broker listing
- ZUS Coffee — ground-floor F&B — BHPetrol outlet listing
Lease risk & exit mechanics
Four sub-blocks, each answered in one sentence first.
Reinstatement. Not in public sources. Building management call required. Market range for KL Fringe / Damansara Heights 1990s-vintage Grade B offices is RM10–30 psf per spec §2 Slot 7 — treat that as the planning estimate, not a Bangunan Setia 1 number.
Break clause. Not in public sources. PHNB does not publish a break-clause template. Market norm is a negotiated penalty of 100–150% of remaining term's rent, or a 6-month soft-landing buyout — confirm with PHNB.
Diplomatic clause. Not in public sources. Reported KL market mechanics (12-month lock-in, 2-month written notice with documentary evidence, tenant still liable for rent during the notice period) need verification against 2–3 actual leases or a property lawyer before relying on them for a foreign-tenant exit.
Fair wear and tear vs damage. Public sources are silent. The ambiguity that drives most deposit-return disputes; the spec's standing recommendation is photographic move-in / move-out inventory on both ends. For unreturned-deposit disputes, the small-claims track under Form 198 (Writ of Summons, no lawyers either side) is the cited recourse per the spec — confirm the current court / tribunal path before relying on it.
Malaysia Digital / MSC status
Verified status for this building: MSC Status: N/A per cbd.my. The building is not flagged as MSC-status or MD Cybercentre / Hub in any public source. MD status is company-activity-based since 25 March 2022, not building-bound — so being at this address does not confer or deny MD status on a tenant. The exact tax-incentive mechanics (0% qualifying IP income / 5–10% non-IP, RM50,000 minimum paid-up capital for the incentive application vs RM1,000 for base MD status, 2 full-time knowledge workers at ≥RM5,000 avg monthly salary, ≥RM50,000 annual opex, RM1,080 non-refundable processing fee) come from a single source and should be verified against MDEC's own site at the time of an actual application.
Compare with peers
Three nearby buildings on price and grade for cross-reference. All in the KL Fringe / Damansara Heights submarket.
- Wisma UOA Damansara — neighbouring Jalan Dungun frontage; older 1990s-vintage freehold en-bloc; rent band within the Damansara Heights RM4.62 psf submarket average.
- Menara UOA Damansara — Damansara Heights submarket; comparable transit to Semantan MRT; rent and SC currently unverified.
- Damansara Office Complex — established 1970s-vintage office cluster in the same submarket; Shell Malaysia's historical HQ address; rent band per Knight Frank submarket data.
For the full KL office leasing landscape, see the KL office leasing guide.
FAQ
Is Bangunan Setia 1 Malaysia Digital / MSC status?
No. MSC Status is N/A per cbd.my. MD status is company-activity-based since 2022, not tied to a designated building — a tenant at this address applies on the company's own activity, not the building's designation.
What is the service charge at Bangunan Setia 1?
Not in public sources. PHNB does not publish a per-psf service-charge figure, and no public broker listing specifies one. Building management at [email protected] / 03-2639-3551 is the only direct line for the actual figure.
How much is a 5,000 sq ft office at Bangunan Setia 1 per month?
At the verified RM5.00 psf mid-band, RM25,000/month rent; add ~RM1,500/month for 5 reserved parking bays; SST 8% on the rent line. Service charge, after-hours AC and utilities are unverified — total cost cannot be quoted honestly without those.
What is the floor plate size at Bangunan Setia 1?
~14,000 sq ft typical floor. Whole floors observed at 13,072 sq ft (Level 9 fully-fitted), 14,511 sq ft (Level 9 partially-furnished), 12,257 sq ft (Level 3). Sub-divisible units start at 2,700 sq ft (Level 6).
Is Bangunan Setia 1 green certified?
No green certification found in any public source (GBI / GreenRE / LEED / GreenMark). Building is post-2020-refurb — verify directly with PHNB whether mechanical / electrical upgrades were registered.
How far is Bangunan Setia 1 from the nearest MRT/LRT?
2 minutes' walk to Semantan MRT (Kajang Line, KG14) per PHNB. Station opened 16 December 2016.
What is the car park ratio at Bangunan Setia 1?
1 bay per 1,000 sq ft leased (cbd.my). Reserved RM300/bay/month; floating RM230/bay/month. 205 bays total per PHNB (189 per one a dated broker listing agent listing — flagged discrepancy).
What is the minimum lease term at Bangunan Setia 1?
Not in public sources. KL market norm is 3 years. Confirm with PHNB at Letter of Offer stage.
Does the landlord accept a diplomatic clause for foreign tenants?
Not in public sources. Reported KL market mechanics exist (12-month lock-in, 2-month notice, documentary evidence required) but need verification against actual leases or a property lawyer — do not rely on a generic mechanic for a specific PHNB deal.
What is the reinstatement cost at lease exit at Bangunan Setia 1?
Not in public sources. KL Fringe / Damansara Heights planning estimate: RM10–30 psf — confirm with PHNB before budgeting.
Verified stamp
Asking rent (RM4.50–RM5.50 psf, 6 sources), parking (1:1,000 ratio, RM300 reserved / RM230 floating, 205 bays), MRT walk (2 min to Semantan, PHNB official) verified 2026-08-06. Service charge, after-hours AC rate, minimum lease term, deposit, break clause, diplomatic clause and reinstatement cost are not in public sources for this building — building management call to PHNB required. Tenant roster: only PHNB (manager) and ZUS Coffee (ground-floor F&B) are named in public sources; "multiple multinationals" is the public description, no specific MNC is named. Page reviewed 2026-08-21.
Compare more KL offices
Start with the KL office leasing guide. Then compare Menara Milenium and Pavilion Damansara Heights before shortlisting a building.