Menara Bukit Ceylon

Menara Bukit Ceylon is a low density, freehold condominium located at an elevated point at the center of Bukit Ceylon. It comprises of a condominium tower with only six units per floor. Sited at the junction of Changkat Bukit Bintang and Jalan Ceylon, residents of Menara Bukit Ceylon are pampered with loads of amenities. Menara Bukit Ceylon is one of the earlier built condominiums, completed in the 1990s, and holds a reputation for very strict security and safety. As an older development, the units are all in generously large sizes, ranging between 1,420 and 1,570 sf. Being an older development, it now offers one of the lowest rental prices psf in Bukit Ceylon and is highly demanded by expats and city dwellers who enjoy spacious, low density living.Only six units per floor serviced by three lifts, it is strategically located at the start of the Changkat Bukit Bintang pub row. It is opposite of exclusive eateries, and within a 10 to 15 mins walk to Pavilion, KLCC, Berjaya Times Square, Bukit Bintang and Starhill Gallery. In addition, the condominium is surrounded by numerous corporate buildings and towers. There is also St Andrew's Presbyterian Church located 15 minutes away by foot from Menara Bukit Ceylon.Accessibility wise, Menara Bukit Ceylon is easily reachable via public transportation. One can easily catch a taxi and bus nearby. It is also within close proximity to Plaza Rakyat LRT station and Bukit Bintang Monorail station.

Property Details

Name: Menara Bukit Ceylon

Address: Jalan Ceylon, Bukit Ceylon, Kuala Lumpur

Developer: Tan & Tan Developments

Completion Date: 1993

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

Land Area: 1 acre (approximate)

Built-up: 1,500 sf (approximate)

Maintenance Fee: RM0.25 psf

Subsale Price: 750,000 - 1,100,000

Rental: RM3,500 - RM6,000

Facilities

Squash court

Swimming pool

Gymnasium

Market Trends

Analysis

As Menara Bukit Ceylon was build over 20 years ago, the exterior looks a little dated and old. The management body has undertaken some renovations in early 2014 to upgrade the common areas and facilities. The rental rates here range from RM3,500 up to RM6,000 for the same layout. The more expensive units are most probably had been revamped and furnished with modern appliances and furniture to increase their value. Located on the uphill side of Bukit Ceylon, these units of Menara Bukit Ceylon enjoy nice views of the city centre. The best view is enjoyed by the east facing units where they enjoy undisrupted view of the city centre skyline that includes Petronas Twin Towers, Berjaya Times Square, and KL Tower. The north view from Menara Bukit Ceylon comprises KL Tower and the city centre. But due to the new Vida Soho development, this view will be blocked. The south is facing City Garden Condominium and Pudu enclave. On the west wing, residents' view is only Bolton Court (Sixceylon) – the worst among all. Only the South and East facing units now enjoy clear unrestricted views of the city center skyline and are in good demand.In terms of facilities, Menara Bukit Ceylon is undoubted the winner in this hilly enclave (compared to other old condominiums within its league). It has the largest swimming pool and also the only squash court. As of early 2014, the gymnasium and common areas have been extensively refurbished, and many units have undergone major renovation and upgrading to rival the modern interiors of neighbouring new trendy condominiums. Its security is tight and the lawn is nicely landscaped and maintained. The most favorable unit type is the 2+1 bedrooms unit with built-up size of approximately 1,500 sf– the best value option here, and in fact in the area. The unit is favored by expatriates as it offers the cheapest rental rate per sqft and most of expatriate residents here are professional singles who are working nearby.