Menara City One

Menara City One is a freehold condominium located right in the midst of the bustling KL city centre. It comprises of a 30-storey tower with 502 condominium units. Unit built-up sizes are ranging from 1,121 sf to 1,559 sf. Besides residential, it also houses 49 shop lots on the ground floor. Menara City One was developed by UDA Holdings.Menara City One is surrounded by commercial centres and amenities. The condominium is just within short walking distance to Sogo, Pertama Complex, Campbell Complex, Mydin, and Capsquare Centre. Also, LRT stations and KTM Komuter Station are also reachable by foot for approximately less than 10 minutes of walking distance. These nearby stations are Dang Wangi and Bandaraya LRT stations, and Bank Negara Komuter Station.

Property Details

Name: Menara City One

Address: 3, Jalan Munshi Abdullah, 50100 Kuala Lumpur

Developer: UDA Holdings

Completion Date: 1997

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 30

No. of Units: 502

Land Area: 1.5 acres

Built-up: 1,121 - 1,559 sf

Subsale Price:

Rental:

Facilities

Swimming pool

Badminton court

Squash court

24-hour security

Market Trends

Analysis

There are plenty complaints heard by the residents of Menara City One, which mostly about maintenance issue. Among their complaints are lack of maintenance, poor lighting in the car park, cracks in the building, noise, air pollution and open burning near the entrance to the car park. Most problems were caused by its bad managements – City One Sdn Bhd and the City Hall (which was handed over in 2003). Due to bad maintenance, owners of Menara City One have neglected paying maintenance fee, which the amount was closed to RM6 million in arrears back then in 2008. As the strata title should have been given by now, there is almost no chance for the new committee management to get the money to refurbish and revamp the condominium.Besides that, there are plenty of commercial foreign workers residing in Menara City One as well. They include Indians, Bangladeshis and Nepalese. Some residents claimed that they use the swimming pool for bath and even for brushing teeth. For several years, the subsale price of Menara City One keeps depreciating even though its immediate neighbours such as Maytower and The Capsquare Residences prices keep going up. Besides that, there are several units on auction can be found at reserved price below RM200,000.