Sri Impian

Sri Impian is a 27-storey freehold condominium located on Jalan Ang Seng in Brickfields. The condo is situated behind the main road of Brickfield's "Little India". Right in front of the condo is the RapidKL Bangsar LRT station where the rail runs parallel to Jalan Bangsar. Accessible via major roads like Jalan Tun Sambathan and Jalan Trevors, and exiting via Jalan Bangsar, Sri Impian is located next to other high-rise apartments like Menara Pelangi and Palm Court. KL Sentral is less than 1km away where frequent travelers will enjoy the facilities of KLIA Transit, KLIA Express, connecting train lines, KTM, Genting Express Bus and many others. A wide variety of amenities surround Sri Impian. From fast food restaurants, to the local "mamak", petrol stations, banks and postal office, all provide quick and efficient service. The nearest megamall is Mid Valley Megamall, which is a mere 10 minutes drive away or even the upscale Bangsar district for selective cuisine and expatriate atmosphere. The area is also known for being the "divine location" as it is home to a few religious structures, some over 100 years old.Built up of each unit at Sri Impian is a variation of 1,500 sf layouts. There are 249 units in total stretched over 27 floors. There are a whole host of facilities within the condo facility, providing residents with rest and recreational activities from the use of a swimming pool to the squash court, sauna, gym and 24hr security with access card entry.

Property Details

Name: Sri Impian

Address: No. 38 Jalan Ang Seng, 50470 Brickfields, Kuala Lumpur

Developer: Li-Foong Housing Development

Completion Date: 2007

Tenure: Freehold

Type: Condominium

No. of Units: 249

No. of Storey: 27

Built-up: 1,500 sf

Maintenance Fee: RM0.21psf

Subsale Price:

Rental:

Facilities

Multi-purpose hall

Cafe

24hr security

Key access card

Swimming pool

Jacuzzi

Playground

Salon

Mini market

Gymnasium

Squash court

Sauna

Layouts

1,501 sf

1,509 sf

1,525 sf

1,550 sf

Market Trends

Analysis

Located within Brickfields, the area speaks for itself. Now considered a commercial extension of downtown Kuala Lumpur, the area was also recently spruced up and given a facelift in conjunction with the visit of the Prime Minister of India to the locality. Home to spice houses, textile merchants, Indian restaurants, grocers, and the likes, the area is fast booming and evolving with times. Rental for the units at Sri Impian range from RM1,500 for an unfurnished unit, to RM2,500 for a fully furnished unit which is a fetching investment for property owners. There has also been a steady increase in valuation of the property over the years as the booming area of Brickfields continues to develop. The Sri Impian project began in March 1997 but was abandoned when it was only 32% completed in 2000 after original developer, Li-Foong Housing Development ran into financial difficulties. Many home owners were left in a lurch with outstanding bank loans and balance payments with no guarantee of a completed home. In March 2005 however, AMFinance & Ferrier Hodgson MH undertook to reviving the construction and financing of the project. While it was a long wait since the start of the project, construction was completed after 2 years, in 2007. The original gross development value (GDV) of the project was valued at RM45 million. All but 3 of the 249 units then were sold. Living so close to the LRT line has its advantages and disadvantages. Firstly, one would have to factor in the noise pollution from the LRT trains and also the heavy traffic along Jalan Bangsar adjacent to the property. The noise can be heard from even the 27th floor. Rental for such small units at Sri Impian are a bit steep but the area is a high traffic and strategic location surrounded by many amenities. Travelers or commuters who would have use of the public transportation or even outstation travel would appreciate its closeness to the KL Sentral Station which is an integrated hub. Access to KL and PJ is made so much easier both due to the major highways surrounding the area, and also the public transportation made available.