Suasana Lumayan Condominium, Cheras

  • Pavither
  • 17 February 2021

Suasana Lumayan Condominium (formerly known as Casa Lumayan) is developed by Danau Lumayan Sdn Bhd. The project is located at Taman Tasik Permaisuri, in the Bandar Sri Permaisuri township. The development is located adjacent Astana Lumayan Condominium, which is built by the same developer.

The leasehold residential condominium is in one of the more populous areas in the city – Cheras. The strategic location of this establishment is further supplemented by other residential neighbourhoods with multiple modern amenities, and transportation system.

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There are several commercial developments comprising shop-offices that host eateries, convenience stores, and supermarkets. Suasana Lumayan Condominium is also just a few minutes away from the KL city centre.

Suasana Lumayan Condominium is catered for families as the built-ups are slightly larger than the ones introduced in high-rise residential in recent years. The units are more spacious, featuring both wet and dry kitchens.

The gross development value (GDV) of Suasana Lumayan Condominium is approximately RM205 million, and the project was completed between 2011 and 2015.

Address: Jalan Tasik Permaisuri 2, Bandar Tun Razak, 56000 Cheras, Kuala Lumpur

Property Type: Condominium

Land Title: Residential

No. of Blocks: 4

No. of Storeys: 23

Total Units: 900

Tenure: Leasehold

Year of Completion: Between 2011 and 2015

Built-up Area: 1,142 sq ft & 1,364 sq ft

Facilities:

  • Children’s playground
  • Gymnasium
  • Reading room
  • Surau
  • Swimming pool

Launch Price: RM245,000 – RM249,000

Launch Price Per Sq Ft: About RM260 per sq ft

Maintenance Fee: RM0.30 per sq ft

Project Details

Suasana Lumayan Condominium is the final residential phase that the developer was building at Taman Tasik Permaisuri. The development comprises 4 blocks, with a total of 900 units. There are 2 built-up sizes – 1,142 sq ft and 1,364 sq ft. Both unit types come with 4 bedrooms and 2 bathrooms, and residents could choose between furnished and semi-furnished units.  

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Facilities at this leasehold development include a swimming pool, surau, reading room, gymnasium, and children’s playground. Moreover, this property is guarded 24×7.

This project was completed between year 2011 and 2015, and the launch price started from RM245,000. During its launch, the middle- and high-income groups viewed it as an affordable option in the area.

Suasana Lumayan Condominium is located between Lumayan Apartment, and Vista Amani Condominium – both developed by the same developer.

Suasana Lumayan Condominium offers spacious living area, and most of the rooms are not visible from the living area. The spacious dining area could accommodate an 8-seater dining table, and the wet kitchen and dry kitchen is visible from the dining area.

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Most balconies have a serene lake and park view, and most units face North-East, which means that it doesn’t get the full brunt of the afternoon sun. 

Unit Types

Built-Up

Launch Price

Type A

·       1,142 sq ft

·       4 bedrooms

·       2 bathrooms

 

From RM245,000

Type B

·       1,364 sq ft

·       4 bedrooms

·       2 bathrooms

 

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Location

Suasana Lumayan Condominium is a located at Jalan Tasik Permaisuri 2, Bandar Tun Razak, Cheras. Residents enjoy easy access routes to and from Kuala Lumpur, Petaling Jaya, KLIA, and Putrajaya, via Jalan Loke Yew, Jalan Cheras, Seremban Expressway, Middle Ring Road 2 (MRR2), Federal Highway, the East-West Link Expressway (SALAK), Jalan Sungai Besi, and Shah Alam Expressway (KESAS). Besides these, Suasana Lumayan Condominium is also close to the Salak Selatan KTM station, and Bandar Tun Razak LRT station.

Residents are indeed close to bustling areas, as the KL city centre is just 6km away, and Petaling Jaya is about 12km away. Moreover, this development is surrounded by malls, restaurants, banks, fast-food outlets, entertainment outlets, mosques, and a lot more. As for schools, there’s SK Sri Tasik, SMK Sri Tasik, SK Seri Permaisuri, and SMK Seri Permaisuri, within a short drive away.

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Accessibility

  • Jalan Loke Yew
  • Jalan Cheras
  • Seremban Expressway
  • Middle Ring Road 2 (MRR2)
  • Federal Highway
  • East-West Link Expressway (SALAK)
  • Jalan Sungai Besi
  • Shah Alam Expressway (KESAS)
  • Salak Selatan KTM station
  • Bandar Tun Razak LRT station

Education

  • SK Sri Tasik
  • SMK Sri Tasik
  • SK Seri Permaisuri
  • SMK Seri Permaisuri
  • SK Bandar Tun Razak 1
  • SM Teknik KL
  • SMK Methodist
  • SMK Seri Mulia
  • SMK Seri Tasik

Medical Care

  • Hospital Universiti Kebangsaan Malaysia

Shopping

  • Cheras Leisure Mall
  • Cheras Sentral Mall
  • Giant (Batu 9)
  • IKON @ Connaught
  • Cheras Sentral Mall
  • AEON Cheras Selatan
  • AEON Big Bandar Tun Hussein Onn
  • Giant (Taman Connaught)
  • Suria KLCC

Recreation

  • Royal Selangor Golf Club
  • KLFA (KL Football Association) Stadium
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Analysis

There has been much buzz about the traffic near Suasana Lumayan Condominium. During peak hours, traffic will move by inches, and a long queue right up to the traffic light at the mosque junction is a norm.

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The stretch of road along Suasana Lumayan Condominium also provides access to other condos on the same road, and there are usually cars parked on both sides of the road. So, this is a tale as old as time… for when an area becomes more popular and more developments arrive at the scene, traffic congestion is to be expected.

Alternatively, one could look at the area as a hot area, and that could also mean capital appreciation over the years.

Bandar Sri Permaisuri itself is a self-contained residential neighbourhood with its commercial components offering an array of amenities. Even prior to the launch of Suasana Lumayan Condominium, potential buyers were clamouring for a unit due to its affordable pricing. However, many who called in were delivered the disappointing news that units were already sold out.

As at February 2021, 1,142 sq ft unit is listed for sale from RM425,000 to RM530,000 on PropertyGuru. Bear in mind, the launch price was RM245,000. For units purchased at RM470,000, and rented out at RM1,400 per month, the gross rental yield would be 3.57% per annum.

Here’s a quick comparison of properties in Cheras.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Suasana Lumayan by Danau Lumayan Sdn Bhd

Leasehold

Condominium

2015

1,142 sq ft & 1,364 sq ft

From RM245,000

Vista Amani Condominium by Danau Lumayan Sdn Bhd

Leasehold

Condominium

2005

850 sq ft – 2,500 sq ft

From RM360,000

Lumayan Apartment by Danau Lumayan Sdn Bhd

Leasehold

Apartment

2008

830 sq ft

From RM94,990

Cloud Tree @ Cheras by Zalam Group

Freehold

Condominium

2016

893 sq ft – 1,545 sq ft

From RM350,000

Lido Residency by SCP Group

Leasehold

Condominium

2016

962 sq ft – 1,527 sq ft

From RM430,000

EkoCheras by Ekovest Bhd

Freehold

 

Serviced Apartment

2017

596 sq ft – 1,240 sq ft

From RM563,000

V Residence Suites by Sunway Property

Freehold

 

Serviced Apartment

2018

624 sq ft – 888 sq ft

 

From RM805,000

Saville@Cheras by MKH Berhad

Freehold

 

Apartment

2019

1,130 sq ft – 4,670 sq ft

From RM650,000

Maxim Residences by Maxim Holdings

Leasehold

Serviced Residence

2021

650 sq ft – 819 sq ft

 

From RM294,000

 

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Summary

Suasana Lumayan Condominium is developed by Danau Lumayan, who began developing 102 acres in Bandar Tun Razak in 2000. They have a good track record of delivering well designed unit at reasonable prices. They also pride themselves on delivering projects ahead of its scheduled completion.

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Together with the proximity of Taman Tasik Permaisuri, residents have the benefit of living in a green, natural environment, while at the same time be just minutes away from the Kuala Lumpur city centre.

Apart from multiple projects in Taman Tasik Permaisuri, Danau Lumayan has also developed Residensi Hijauan Lumayan at Taman Naga Emas, Salak Selatan, and Anggun Lumayan at Bandar Tun Razak.

If you’re interested in a 1,142 sq ft unit at Suasana Lumayan Condominium that’s priced at RM470,000, here are its estimated loan figures.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM47,000
  • Loan amount: RM423,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM1,829
  • Approximate required gross annual income: RM74,000*

* Assumptions: No monthly debt obligations, with 30% of gross income spent on housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

Calculations are based on the PropertyGuru Home Loan Calculator, and the PropertyGuru Home Loan Eligibility and Affordability Calculator. Adjust the figures to suit your financial situation!

Pro tip: Know your Debt Service Ratio (DSR)!

DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Home Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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