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Continue Reading ⋅ 14 December 2021
Seri Maya Condominium is a condominium located at Jalan Jelatek, Kuala Lumpur. It comprises high- and low-rise apartments on a 16-acre plot of freehold land in Kuala Lumpur. The condo was developed by Tan and Tan Developments, and it comes with 1,486 units.
Seri Maya Condominium is the perfect enclave for those who love the convenience of living in the city. After all, the development is surrounded by access roads, highways, Light Rail Transit (LRT) stations, and shopping centres.
Seri Maya Condominium consists of modern tropical lifestyle homes within a landscaped setting, expansive lawns, colourful boulevards, and meandering tree-lined walkways. In fact, the landscape was done up by Seksan Design, a renowned landscape architect and planner in Malaysia.
Seri Maya Condominium’s popularity has sustained through the years, as it is just 5km from the KL city centre, and has 2 LRT stations close by – Setiawangsa and Jelatek.
Address: Jalan Jelatek, Kementah, 54200 Kuala Lumpur
Property Type: Condominium
Land Title: Residential
Total Site Area: 12 acres
No. of Blocks: 13
No. of Storeys: 20
Total Units: 1,486
Tenure: Freehold
Year of Completion: 2007
Built-up Area: 1,126 sq ft – 3,551 sq ft
Facilities:
- Swimming pool
- Children’s pool
- Gymnasium
- Playground
- Multi-purpose room
- Futsal court
- Jacuzzi
- Reflexology path
- Access card and intercom system
Launch Price: From RM200,000
Launch Price Per Sq Ft: Around RM170 psf
Maintenance Fee: RM0.15 psf
Project Details
Seri Maya Condominium has both low-rise apartment blocks and high-rise condominium towers. Each tower has its own view. For example, Jelatek 1 looks out to the Klang Gates, while Jelatek 2 has a panoramic view of Kuala Lumpur’s skyline.
The low-rise Lanai ground floor units offers a private garden and its own central pool view. Overall, the built-ups start from approximately 1,126 sq ft to 3,551 sq ft.
The entire development features landscapes, contemporary design, 24/7 security and broadband connection. Facilities include lap pools, gymnasium, jacuzzi, playground, multi-purpose room, futsal court, reflexology path, and access card and intercom system.
|
Block |
No. of Blocks |
|
Jelatek |
2 |
|
Lanai |
9 (low rise, low density blocks)
|
|
Havana |
1 |
|
Savanna |
1 |
Havana and Savanna were launched later. Havana stands at 35 floors high, with 14 units on every floor. The fully furnished units has 3 bedrooms and 2 bathrooms. The presence of a lanai makes the unit appear wider and more spacious. Savannah also carries a similar concept.
|
Blocks |
Details |
|
Havana / Savanna |
Type CA (R) · 1,785 sq ft
Type CA1 · 1,851 sq ft
Type CA2 · 1,823 sq ft
Type CB (R) · 1,368 sq ft
Type CB1 · 1,400 sq ft
Type CB2 · 1,378 sq ft
Type CC (L) · 1,325 sq ft
Type CC1 · 1,357 sq ft
Type CC2 · 1,338 sq ft
Type CD (R) · 1,378 sq ft
Type CD1 · 1,415 sq ft
Type CD2 · 1,396 sq ft
Type DA (R) · 1,785 sq ft
Type DA1 · 1,851 sq ft
Type DA2 · 1,823 sq ft
Type DB (R) · 1,368 sq ft
Type DB1 · 1,400 sq ft
Type DB2 · 1,378 sq ft
Type DC (R) · 1,325 sq ft
Type DC1 · 1,357 sq ft
Type DC2 · 1,338 sq ft
Type DD (R) · 1,378 sq ft
Type DD1 · 1,415 sq ft
Type DD2 · 1,396 sq ft |
|
Lanai – Block K |
· Type A: 1,245 sq ft |
|
Lanai – Block L, Block I, Block H, Block V |
· Type A2: 1,237 sq ft (Block J & H) |
Seri Maya a high density residential project, with 1,486 units across 16 acres, which means that there are 93 units per acre.
Ironically, Seri Maya Condominum’s density is lesser than its next door neighbour, One Jelatek, which is a freehold property with only 90 units, but across 0.75 acres (120 units per acre).
Location
Seri Maya Condominium is located at Jalan Jelatek, off Jalan Ampang in Kuala Lumpur, and it is about a 10-minute drive to the KL city centre.
The Setiawangsa LRT station is right opposite Seri Maya Condominium, so this means that residents can get to the KLCC with a short 15-minute ride (4 stops away).
Those working in KLCC will find Seri Maya Condominium very convenient and easily accessible, either by car or LRT. The driving distance between Seri Maya Condominium and KLCC is only 3 km.
Seri Maya Condominium can be accessed via Ampang-Kuala Lumpur Elevated Highway (AKLEH), which has an entrance and exit off Jalan Jelatek, and Duta-Ulu Kelang Expressway (DUKE), Jalan Ampang, and Middle Ring Road 2 (MRR2).
DUKE joins Duta in the west, to Ampang in the east, and to Karak in the north. DUKE also bridges the North Klang Valley Expressway (NKVE), SPRINT (at Penchala Link) and Ulu Kelang section, allowing motorists to get from end-to-end in just 9 minutes.
One is also able to bypass high traffic areas such as Lebuhraya Mahameru, Jalan Tun Razak, Jalan Kuching, Jalan Sultan Ismail, and Jalan Ampang.
For people preferring railways to commute, the nearby LRT stations are Setiawangsa, Jelatek, and Dato’ Keramat, all of which fall within a walking radius of 1.15km.
Seri Maya Condominium is close to educational institutions and hospital such as Gleneagles Hospital Kuala Lumpur, KPJ Ampang Puteri Specialist Hospital, Fairview International School Ampang, Sayfol International School, Wangsa Walk mall, and many others.
For shopping, there’s Jaya Jusco, Great Eastern Mall, and Wangsa Walk within 3 km of Seri Maya Condominium. Plus, through the Setiawangsa LRT Station, one can easily get to Suria KLCC, without worrying about traffic and parking.
Accessibility
- DUKE – 500m
- Jalan Ampang – 2km
- MRR2 – 3km
- Setiawangsa LRT station – 50m
- Jelatek LRT station
Education
- Sekolah Rendah Islam Al-Amin, Keramat – 1.4 km
- Fairview International School, Ampang – 1.9 km
- SMK Setiawangsa, Setiawangsa – 2km
- Sayfol International School, Ampang – 2.4km
- British Council, Selangor Dredging – 3km
- Mutiara International Grammar School, Ampang – 4km
- Sri Utama International School, Wangsa Maju – 5.1km
- Sri Garden School, Maluri – 5.5km
- International Islamic School, Gombak – 5.9km
- Fairview International School, Wangsa Maju – 6.4km
- SJKC Chung Kwok – 7km
Medical Care
- Gleneagles Hospital Kuala Lumpur – 2km
- HSC Medical Centre – 2km
- KPJ Ampang Puteri Specialist Hospital – 3km
- Prince Court Medical Centre – 4km
- Kuala Lumpur General Hospital – 4km
- National Heart Institute (Institut Jantung Negara) – 4km
Shopping
- Giant Setiawangsa – 1km
- AEON AU2 – 2km
- Suria KLCC
- Pavilion Kuala Lumpur
- Great Eastern Mall
- Wangsa Walk Mall
- AEON Alpha Angle
- Setapak Central Mall
Recreation
- Lake Titiwangsa
- Zoo Negara
Analysis
Seri Maya Condominium is said to have a good management, and that the property is well maintained. Some are of the opinion that it is one of the better developments by Tan n Tan developments.
The other huge advantage is that Seri Maya Condominium is next to the walkway connecting to the LRT station. One could hear the hustle and bustle of people going to the LRT every morning, which could pose as a disturbance to some.
Those who go for the low-cost building may not be able to enjoy the cityscape, depending on where the unit is located. Overall, Seri Maya is considered a good buy as it is both affordable and convenient.
Compared to other KLCC condominiums, units at Seri Maya are priced lower, and that’s one of the reasons it is such a hit among expatriates and young professionals.
Listings in PropertyGuru in February 2021 showed that the asking monthly rental for 1,325 sq ft units are approximately RM2,800, while purchase prices are from RM575,000 to RM720,000.
So, for units purchased at RM580,000, and rented out at RM2,800 per month, the gross rental yield would be 5.79% per annum.
Just like any property in a hot area, traffic congested can be an issue especially during peak hours. During times like these, walking or taking the LRT could save you a lot of time.
Here’s a look at residential properties in or near Setiawangsa.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Seri Maya Condominium by Tan & Tan Developments |
Freehold |
Condominium |
2007 |
1,126 sq ft – 3,551 sq ft |
From RM200,000 |
|
Kampung Warisan Condominium by Eastern and Oriental Berhad |
Freehold |
Condominium |
1997 |
755 sq ft – 1,540 sq ft |
N/A |
|
One Jelatek by Bintang Buana (a subsidiary of Tan & Tan) |
Freehold |
Condominium |
2010 |
1,327 sq ft – 2,976 sq ft
|
From RM513,000 |
|
Puncak Setiawangsa by I&P Group |
Freehold |
2-storey terrace & bungalows |
2015 |
From 2,000 sq ft |
N/A |
|
Kaleidoscope Residensi Setiawangsa by Kerjaya Property Sdn Bhd |
Leasehold |
Condominium |
2020 |
1,196 sq ft – 1,491sq ft
|
From RM664,000 |
|
The Valleys @ SkySierra by SkyWorld Development Sdn Bhd |
Leasehold |
Condominium |
2023 |
800 sq ft – 1,318 sq ft |
From RM430,000 |
Summary
The upsides of living in Setiawangsa is its accessibility, short travelling distance to KL city centre, and the availability of public transport.
Its connectivity to DUKE and the Setiawangsa-Pantai Expressway will put residents in the area within easy reach of Tun Razak Exchange, Kerinchi, and the Bandar Malaysia development. However, Setiawangsa faces competition from stratified condominiums in Wangsa Maju.
Setiawangsa is also well known for Bukit Dinding, a hill that houses a 200-acre forest. Despite being just 5km away from the Kuala Lumpur city centre, Setiawangsa is low-density residential neighbourhood.
Flanked by the city centre, Titiwangsa and Wangsa Maju, this self-contained suburb is made up mostly of detached, semi-detached houses, terraced houses, and several high-rise developments.
Apart from One Jelatek, other projects by Tan & Tan are Stonor 3 (serviced apartment) in KL, Desa Kudalari (condo) in KL, G Residence (serviced residence) at Desa Pandan, Hampshire Park (condo) at off Jalan Ampang, Park Manor Sierramas (bungalow), Menara Bukit Ceylon, Three28 Tun Razak (condo), U-Thant Residence (condo) in KL, and Southpoint Residence (apartments) at Mid Valley City, among others.
If you’re interested in a 1,325 sq ft unit at Seri Maya Condominium that’s priced at RM580,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM58,000
- Loan amount: RM522,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,257
- Approximate required gross annual income: RM91,000*
These calculations are based on the PropertyGuru Home Loan Calculator, as well as PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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