Sri Putramas I

Sri Putramas I (also known as Sri Putramas 1) is a high density medium-cost condominium situated at Jalan Putramas, which is next to Jalan Kuching in Dutamas area. It is located right in-front of its younger brother, Sri Putramas II. Sri Putramas I houses five blocks of 1,220 units with built-up ranging between 1,050 and 1,400 sf. There are aplenty of facilities available, such as salon, cafe, launderette, club house, mini market, children playground, tennis court, basketball court, badminton court and swimming pool. Sri Putramas I is also secured with 24-hour security with card access. All the units come with a covered parking, and Block A units come with two covered parking each. There are several amenities located within the vicinity of Sri Putramas I including Complex Mutiara, which is situated along Jalan Ipoh, about 15 minutes’ drive.There is a bus stop at Jalan Kuching, about 5 minutes’ walk from the entrance of Sri Putramas I. The condo has an easy accessibility to Kuala Lumpur, Mont Kiara, Bangsar, Damansara and Petaling Jaya via Jalan Kuching, Jalan Duta, Jalan Ipoh, New Klang Valley Expressway (NKVE) and Penchala Link.

Property Details

Name: Sri Putramas I (also known as Sri Putramas 1)

Address: Jalan Putramas 1, Off Jalan Kuching, Kuala Lumpur

Developer: Mayland Group

Completion Date: June 2004

Type: Condominium

Tenure: Freehold

No. of Blocks: 5

No. of Units: 1,220

Built-up: 1,050 - 1,400 sf

Maintenance Fee: RM0.20 psf (sinking fund another RM21)

Launch Price: RM140,000

Subsale Price: From RM479,000

Rental: From RM1,500

Facilities

Tennis court

Basketball court

Badminton court

Swimming pool

Salon

Cafe

Launderette

Clubhouse

Mini market

Children playground

24-hour security with card access

Market Trends

Analysis

Mayland Group, one of the leading developers in Malaysia, has developed numerous dynamic projects in Kuala Lumpur, Selangor, Putrajaya as well as in Johor. Founded in 199, by Tan Sri Dato’ David Chu, Mayland's upcoming projects include Daman & Sara Service Apartment, The Hermitage Service Apartment, Dorsett Residences @ Bukit Bintang, Nottingham Hill and Sri Putramas IV.Some of their completed projects are Menara Hartamas Condominium, Ampang Puri Condominium, Puncak Prima Condominium, Taman Teluk Gedong Low Cost Apartments, Prima Regency Service Apartments, Austin Terrace Houses (Phases 1, 2 and 3), Plaza Damas Shop Offices (Phases 1, 2 and 3), Mayfair Dorchester Service Apartment, Plaza Damas Superlink Houses and Windsor & Waldorf Service Apartment.Sri Putramas I is one of Mayland's early property projects. There were several problems faced by the residents in the past, such as defective window’s ledge and cracked ceiling, but they have been taken care off. The security of the premises has also been tightened since a robbery case back in 2005.One of the main appeals of Sri Putramas I is its beautiful landscaping and swimming pool. Even though the facade of the condominium looks slightly worn out, the facilities seem very well maintained. Furthermore, it has most of its facilities built on ground, instead of on carpark rooftop like Sri Putramas II and most newer condominiums. Each unit at Sri Putramas I is either facing KLCC or Mont Kiara, Segambut's factories, Genting and the railway track. Unfortunately, the units that face KLCC previously, are now blocked by the Royal Domain, except for Block E.Although there is only one or two covered parking provided, depending on which unit is purchased, it is great that residents have the option to buy a parking lot from the management for RM10,000 each. Otherwise, one can ask around for a parking lot available for rental from any condo-owner at Sri Putramas I. Investment wise, the price has appreciated to at least 400k in recent years. As for its rental, it starts from RM1,500 and above depending on its location and the number of car park provided. Sri Putramas I can be considered as a good property investment as the area is still young and will be developed in the future. With the right unit and the right price, you can definitely gain high rental yield.According to the estate agent in 2013, Sri Putramas 1 is better in environment compare to Sri Putramas 2. This is because Sri Putramas 1 has many facilities built on the ground compared to Sri Putramas 2 which is above the ground.