Mentari Condominium

Mentari Condominium are three blocks of high-rise residential units located in the township of Bandar Sri Permaisuri, Cheras. Located close to a few major highways, Hubungan Timur-Barat, Sungai Besi highway and Kuala Lumpur – Putrajaya highway, the area where the property is located is very convenient and easily accessible. Mentari Condominium is amongst a few projects in the area developed by Danau Lumayan. Completed in 2003, the units were sold from a starting price of RM140,000 for the 1,025sf units. Each floor has 8 standard units of about 1,025sf each while there are a total of 7 duplex penthouse units in the condo. Danau Lumayan was awarded a concessionaire by DBKL to develop a total site area of 102 acres within Bandar Tun Razak, Cheras. Mentari Condominium is surrounded by other high-rises like Pangsapuri Lestari, Cendana Apartment and Vista Amani. Astana Lumayan which is currently being built behind this condo is sold out and set to be completed end of 2013. These condominiums are also developed by Danau Lumayan.

Property Details

Name: Mentari Condominium

Address: Jalan Tasik Permaisuri 3, Bandar Sri Permaisuri, Cheras, 56100 Kuala Lumpur

Developer: Danau Lumayan

Completion Date: 2003

Tenure: Leasehold

Type: Condominium

No. of Units: 391

No. of Storey: 16 (3 floors parking lot)

No. of Blocks: 3

Built-up: 1,025sf – 1,735 sf (penthouse)

Maintenance Fee: RM0.15 psf

Launch Price: From RM140,000

Subsale Price:

Rental:

Facilities

BBQ area

Cafeteria

Playground

Covered parking

Gym

Swimming pool

24hr security

Surau

Dobi

Multi-purpose hall

24hr security

Landscaped garden

Market Trends

Analysis

Most of the home owners in Bandar Sri Permaisuri choose this area as it is convenient and a self-contained township. One can get almost all your basic necessities in this town. Mentari Condominium itself is surrounded by many amenities like restaurants, clinics, petrol stations, Pos Malaysia, convenience stores, Hero Supermarket and Dwi Tasik Plaza Shopping Centre all within walking distance to the property. The nearest LRT station is RapidKL Salak Selatan less than 1km away. There are also a few schools within walking distance; SMK Seri Tasik and SK Seri Tasik. Slightly further away is SMK Sains Selangor and SMK Seri Permaisuri. HUKM hospital is also just 5 minutes drive away passing by the football stadium and Kompleks Sukan and Kompleks Renang KL on the way. For recreation, families can just drive 2 minutes away to Taman Tasik Permaisuri.While the appreciation of Mentari Condominium has not been very much, but the return of investment is on a steady incline with good rental prospects and full occupancy year round. The convenience that the township offers along with accessibility to city center and other areas of the Klang Valley, makes this property a good choice for investment. Units at Mentari Condominium are also spacious and with the offering of duplex penthouse units, make this property much sought-after compared to the smaller built-ups at neighboring high-rise properties. The developer and management have a good track record with the number of projects developed within the area itself. Many home owners are happy with their choice to stay at the condo.