I am currently researching more about this condominium, Seri Maya at Setiawangsa.
It is less than 5km away from KLCC yet not as frequently mentioned compared to the likes of Mont Kiara, Cheras, Bangsar South properties..

Is it a good place to buy for either own stay or invest for rental income?
Any Seri Maya owners, can share the pros and cons of this place and if it is a good place to buy?

Excellent management. One of the better developments by Tan n Tan I think

If not mistaken mostly big size units there. Check how much the maintenance fees you need to fork out monthly.

Best one is kudalari. Owners all sitting in a pile of gold.

Seri maya i think walking distancw to jeletek station

traffic traffic like hell!!

I'm not a resident of that condo, but I do know of a friend who is staying there and she likes the facilities as it is well-maintained. The weird thing she noticed is that each unit uses the old-fashioned single unit air-conditioners instead of the split-unit types. Furthermore, the entrance for people to walk into the condo compound uses some 'rotating' barrier you see in amusement parks instead of a gate/door.

Either way, a well-managed condo is better than a badly managed one.

The other huge advantage is that it is next to the walkway connecting to the Jelatek LRT station. She can even hear the hustle of bustle of people going to the LRT every morning.

-deleted- double post..sorry

This post has been edited by mafa2801: Jul 12 2017, 09:20 AM

oh not opposite Setiawangsa Station? next to "kampung warisan"?

Speaking of entrance point this place is Uber/Grab driver nightmare. We don't mind dropping/picking up at guardhouse but to enter will cause jam especially peak hour. Only got 1 lane and is only a small guardhouse. Visitor/Resident sharing same lane.
But we all know many passengers paying peanut but expect drivers to be send right to the door step of their unit if can.

I will say it is good for investment, not so much for own stay, as this condo is mostly rented out to middle easterners, africans, as well as local working professionals and expats, due to its close proximity to KLCC and walking distance to LRT station

Weird. My old condo (Robson Condominium) at Seputeh is also 2-lanes only (1 lane for entry, the other for exit), but so far I never encountered a 'jam' during peak hours. For Uber/Grabcar drivers, it's no issue to pickup me or anyone else here as the entrance to my condo's lobby is pretty clear for most of the day.

I did send my friend a few times back to Seri Maya but I always park outside the guardhouse to drop her off. Never drove in myself before, but never expected that many people driving to work in this condo aside from the LRT crowd, unless the delay is due to the condo guards asking a lot of questions to whoever is picking up/dropping off any resident there.

Try driving in to pick up. I would say is all down to the passenger attitude. Guard asking exact unit number to register apart from handing over your driving license. If the passenger is smart enough will info straight to the drivers. if not then you have to wait for the driver to start making calls at the guardhouse. haha.

I saw on Facebook 1-2 years back the condo owner protested against Duke phase 3 elevated highway which will be above the road facing the condo... is it still happening?

I wonder if it is a big issue? I want to buy that place because want to take lrt to work and all other places. Although my family own car, we really prefer public transportation and let others do the traffic stress job for us. Life is better with less stress on the road.

My other concern is whether seri maya is noisy?
I am currently living inside residential zone with big fields etc. Hardly hear car buzzing noises in the background.

How is it compared to Mont Kiara. Top up abit can consider mont kiara already

I agree. The community should encourage waiting for uber near to guardhouse for convenience for all. It is also a waste of time for passenger for the time taken for driver to enter the condo also.

Is it still the case today? I was hoping that the condo appeals to western expats who work in KL and their kids study in ISKL. Seri Maya looks abit like tropical/ resort styled which might attract them?

Yupe. I am comfortable between 1300-1500sq ft. Have to check on monthly maintenance fee like u mentioned

Anyone lives in condo that is like 200m away from highway? Like just outside your house. Is it an issue...

Jalan Jelatek is not a highway. Is just a busy main road full with cars at all times. That's all.

I am refering to this one... https://www.facebook.com/NoToDuke3/

It appears that there will be Duke phase 3 elevated highway which will be built on top of Jalan Jelatek...

Before putting the blame on the passengers/riders, try to put yourself in their shoes. What if they are not aware of the security requirements for visitors to enter the condo (especially the renters, homestay, etc.)? I'm sure if they keep on receiving calls frequently to state the unit no. and which block, they'll get the hint, but did Uber/Grab ever issue an email to all their users to do this? Don't know about the rest, but as a rider of both services, I certainly did not receive any such email from them. Only when I posted in this thread, then I am aware of this inconvenience.

Secondly, would anyone like to stand outside the hot sun/rain to wait for the car to arrive? I'm sure some wouldn't mind, but most will. And what about those carrying heavy items/luggages? Wouldn't that be inconvenient for them? And there are also times when the Uber/Grab driver will be stuck in the jam if the request came in during peak hours or if there happens to be some incident along the way which will set them back at 15 - 20 min at worst. If I have to wait that long for the driver to arrive, I'd rather wait inside my condo unit until he/she arrives to the front of the condo.

And fyi, at the condo where I'm staying, the guards here won't go as far as to ask which block and unit I'm staying in. Whoever comes in, just tell them you're picking up someone, then they'll let you in to park near the lobby.

check out kampung warisan condo next door. huge plot of land, very low density.

This post has been edited by corleone74: Jul 12 2017, 11:15 PM

MK got better crowd (expats, cosmopolitan) and a very nice neighbourhood, but jelatek is in town and very near to jln ampang and KLCC.
for living, i much prefer MK. don't take my word for it, go recce both places, then you will know what is best for you.


This post has been edited by corleone74: Jul 12 2017, 11:19 PM

no unit for sale at run-horse condo, was looking casually at this projek years back.
i agree! horse-run condo is no horse run one. but got news of en bloc sale or not?????
until today i don't see any KL condo enbloc. they should change the rule, 80% majority agree can already.

Need to wait for all owners pass on..
Their children will sell wan

What so special about this kudalari? Near klcc yes but the price also 1k psqft

Kudalari can? Need 100% approval to get through the sales, it is like a gold mine that you cant dig the gold.

Not sure how it is now, but when I was renting there about 3-4 years ago, majority of the tenants are middle easterners, it's like they have their own community there. Western expats, yes, there are a few but most are mid-senior level professionals from local and other countries.

If you want to buy for own stay, maybe you can also check out Desa Putra further up a bit, this is probably one of the few if not the only condo which has a direct covered walkway from the condo to the LRT station (Sri Rampai). When I was surveying 3-4 years back, I also find this condo has more local residents staying compared to Seri Maya. Furthermore, if you are taking LRT to city during peak hours, you can get into LRT easier compared to Setiawangsa station, which the queue can get quite long. Only thing is that this is a leasehold condo

Regarding noise at Seri Maya, just don't buy those facing station and main road and you should be fine

This post has been edited by Fortezan: Jul 13 2017, 10:25 AM

the land very big, the land price very high. worthy investment for long long term. the land is worth more than the building on it now. there are only 100 owners, land size is 7 acres. so roughly each owner sitting on 3049 sft of LAND on KLCC. how much is residential land transacted around KLCC? 2k-3k psf?
assuming there are 90 2000sft units, at 1k psf, thats 2m x 90=180m
and 10 800 sft units, thats 8m
total 188m to buy up everyone.
factor in redevelopment costs. 500-700 psf of revised GFA?
then redevelop into 400-500 unit condo, sell at 2k psf of raised GFA.

is it a gold mine? you tell me.

buy FREEHOLD old condo that is well maintained in superb location with low density - value investing. if i told you i sell you this piece of land, the building on it (still can stay) is FREE. is it good?

This post has been edited by corleone74: Jul 13 2017, 11:24 AM

Go and check it out. Lowest density at remarkable area you could ever discovered, 1st tiered location and tenants. You may not even get it even if you have the money. Owners leave it vacant even they are not staying. Huge sum to compensate if to redevelop. This is greatest example of what we called 'the old ginger', so old yet would never be wrong.

I dont know. It kills the environment to me because it is probably the last piece of dwelling that sits on such a peaceful surrounding. To unlock the gap between units vs land, we see the potential but do we really want profits over nostalgic and humanity is another question. I would choose to be the jerk of that 1% that stop en masses selling haha! People are laughing no doubt as there is so much potential. But building another plot ratio of 8 or of 10, really ? What do we left besides tall and tall buildings in the city.

Well said..
It's the best place..
Lucky those own unit there.

back to u, since u brought up horse-run condo, give my 2cents.
what is the plot ratio at that site, do u know? because KL masterplan and zoning, i don't have the data on hand.
if angelatby say Plot ratio is 8 or 10, wow! even more of gold mine.

No lah...i dunno all these plot ratio thingy....

All i know is dbkl plus pre errection....apa apa pun bolrh jadi.
Turn the land to commercial title......magic will happen.

Noooo i mean future or if they redevelop. Nowadays hit 1:8 or 1:10, pay extra you get more, look at buildings which are getting higher nowadays.

Kuda, 7acres of land with 1 acre (or less built up) , plot ratio of 1 perhaps ?? Is a heritage scenario hahaha, everyone is eyeing on this piece of gold and given the right people, they could maintain the lush of green or compromise on the plot ratio perhaps. End up at the wrong set of people, gone the heritage !!

then 7acres x 43560 x 3000/sqft = 914760,000 (estimate land value. it might hit 5000/sqft in years to come, so add it up) . depending on the owner, sone will be happy getting 2mil each and move out . i will fight for 6mil or 7mil and retire . (not including other compensation im pretty sure)

Hard esp at the KL city. thus one of the reasons why people want KL address. Most of the gazetted zones cannot be changed or have to pay super premium for it or only with connection. This is extinct case esp. this piece of gold only can build residential i believe.

hi! it's not "compensation", it's an en bloc sale, market value determined by who is willing to pay the price for it. I thought the plot ratio is determined by KL city planners based on zoning and land use?
For example if PR is 5 then the GFA is 5 times the plot size ie 35 acres of built up.
I didn't know it's based on "pay more to build higher", not sure how it works in KL.
in singapore, cannot do like that. Govt sets the PR and zoning (commercial, resi, mixed etc). developers will pay for the land depending on zoning, use and PR.

KL city pretty high. Yes, looking at 1:10 (for mixed development), some buildings are built more than that. Sorry, im not sure about Singapore, there is a limit of higher plot ratio eventhough one can pay to build more, is not against the rule but is case to case basis. Whatever the term, part of it would have to be paid to the owners, they owned parts of the land (referring to land ownership).

This post has been edited by angelatby: Jul 13 2017, 10:45 PM

thanks guys.
Actually i should change my topic title to be more diverse because I have three places in mind. I need a place that can appeal to me and family when I am based in KL, and good rental income if I am stationed elsewhere outside KL.

I was considering these three places 1. Seri Maya (Jelatek area), 2. Mont Kiara and 3. Tropicana. These three places has some form of convenience, locality and value appreciation. I can't say much about Mont Kiara in terms of convenience because the cons is that I need to drive to work (although just KL sentral but I really hate jam) and the property in Mont Kiara is rather expensive but freehold.

Tropicana area property slightly cheaper than the ones Seri Maya and Mont Kiara but leasehold. I probably might end up with one almost 20 years old (or approaching soon to two decades old). These properties are so well located with convenience, got good school, good amount of shopping etc but haiz leasehold. Should I be worried about leasehold??

The hoise is 20yrs old .doesnt mean the lease period is 99 less 20 yrs.

To be too risky to buy such lishold property.

Mk capital appreciation berri slow.

Seri maya lower class....

Why dun you check bangsar older condo? Or section 16 or 19 (5stones, ameera.....fh).

between the 3, you should get MK, definitely. Your kids and wife will thank you. Trust me, I live in MK hahaha!!! MK to KL sentral isn't that far, KL is jam everywhere. If you start work late, those UEM sunrise managed condo residents have free bus shuttle to KL sentral.

OK la , to be fair, tropicana if you get those near to the MRT< you can take the train to work by ... next Monday?
But don't expect to find a unit at good price since MRT play is hot these days.
And it's leasehold (the no 1 reason i didn't get a unit there)



This post has been edited by corleone74: Jul 15 2017, 06:32 AM

for condo leasehold somehow I can stomach....especially those in KL city center or other hot areas...bcos condo you cant renovate inside out...unlike bungalows or smds and to some extend, link house.

I just set a trash hold on leasehold properties.......

But why China property pricing still rocket high even all the land use only 70yrs?

China all land is gov owned de.

Beside ppl there are getting very rich..

Lanai III, Seri Maya Condominium, Jalan Jelatek, 54200, Kuala Lumpur
Reserve Price: RM 720,000【Market Selling: RM 776,000】
Built up: 1,237 sq.ft
Auction Date: 31-Jul-2017 (Mon)

The subject property is located on the ground floor of a six (6) storey condominium building w ith 2 levels of basement car parks known as Lanai III, Seri Maya Condominium at Jalan Jelatek in Kuala Lumpur.

Seri Maya Condo is conveniently located in Jalan Jelatek, off Jalan Ampang with 10 minutes drive to KLCC. The Jelatek LRT Station is situated just opposite Seri Maya Condo – the residents of Seri Maya Condo can reach KLCC in 15 minutes via LRT. For those who are working in KLCC, they will find Seri Maya Condo very convenient and easily accessible, either by car or by LRT. Hence, Seri Maya Condo has become an alternative to KLCC condo.

Accessibility:
🚗 5-minute to Giant Supermarket Setiawangsa
🚗 6-minute to AEON Big Wangsa Maju
🚗 7-minute to Aeon Mall AU2
🚗 7-minute to Wangsa Walk Mall
🚗 7-minute to Gleneagles Kuala Lumpur

Education:
- Fairview International School
- Sayfol International School
- Geomatika University College
- Sekolah Kebangsaan Setiawangsa
- SK (2) Taman Keramat

Seri Maya can be accessed via Kuala Lumpur-Ampang Elevated Highway and DUKE Highway.

Lanai is the low rise block just next to Jln Jelatek right?
good luck if the unit is facing Jln Jelatek n upcoming highway...

Wow got even better deal this time.

BANK LELONG / BANK AUCTION / 银行拍卖
SERI MAYA CONDOMINIUM
Lanai III, Seri Maya Condominium, Jalan Jelatek, 54200, Kuala Lumpur
Auction Price: RM 584,000【Market Selling: RM 776,000】
Built-Up: 1,417 sq.ft
Auction Date: 29-Sep-2017 (Friday)

The subject property is located on the ground floor of a six (6) storey condominium building w ith 2 levels of basement car parks known as Lanai III, Seri Maya Condominium at Jalan Jelatek in Kuala Lumpur.

Seri Maya Condo is conveniently located in Jalan Jelatek, off Jalan Ampang with 10 minutes drive to KLCC. The Jelatek LRT Station is situated just opposite Seri Maya Condo – the residents of Seri Maya Condo can reach KLCC in 15 minutes via LRT. For those who are working in KLCC, they will find Seri Maya Condo very convenient and easily accessible, either by car or by LRT. Hence, Seri Maya Condo has become an alternative to KLCC condo.

Nearby Amenities:
🚗 5-minute to Giant Supermarket Setiawangsa
🚗 6-minute to AEON Big Wangsa Maju
🚗 7-minute to Aeon Mall AU2
🚗 7-minute to Wangsa Walk Mall
🚗 7-minute to Gleneagles Kuala Lumpur

Education:
- Fairview International School
- Sayfol International School
- Geomatika University College
- Sekolah Kebangsaan Setiawangsa
- SK (2) Taman Keramat

Seri Maya can be accessed via Kuala Lumpur-Ampang Elevated Highway and DUKE Highway.

Another bank lelong unit come in... starting 660k, 1378 sqf unit..

https://www.lelongtips.com.my/property/5602...ur-for-RM660000

Quite surprised that there are auction units there. Thought that a lot of Arabs are renting here?

Those Arabs staying at Seri Maya, I’ve always wondered what they do in Malaysia

I assume that they're working in the myriad of multinational firms based here, just like the majority of the expats in KL.

this price ok or not?

FOR SALE!!

Seri Maya Condominium , Setiawangsa, KL
======================================
.
Selling Price : RM560,000 (Nett)
www.wasap.my/60129311237/SRIMAYA

Details:
- Freehold
- 1,184 sqft
- 3 bedrooms 2 bathrooms
- Kitchen cabinet, built in small wardrobes in master bedroom
- Balcony facing front road.
- Currently Tenanted
- Big balcony
- 1 covered carpark

Facilities:
- Swimming Pool
- Children’s Pool
- Gymnasium
- Playground
- Community Hall
- Futsal Court
- 24-Hours Security

Nearby Amenities:
- Walking Distance to Restaurants
- 50m to LRT Setiawangsa
- 1KM to ST Rosyam Mart
- 1KM to Giant Setiawangsa & McDonalds
- 2KM to AEON AU2

Accessibility:
- 500m to DUKE Highway
- 2KM to Jalan Ampang
- 3KM to MRR2
.
'' NICE UNIT WITH VALUE PRICE ''

=================================
SELLING PRICE: RM560,000.00 (NETT)
================================

This post has been edited by coinstar: Oct 11 2018, 11:55 AM

Used to be one of my dream place many years ago...

This place already become Machan and ME area. Sibeh jialat liao.

Most arab don't come here to work. I used to rent here many years ago, couple of them are engaging in subletting the units here to their own countrymen. I know of one who rented a few units here to sublet.

i stay here.. well maintained .. the traffic has become a real issue for us...so many foreigners (mostly Arabs and Chinese)

I see the biggest issue is the need to change the guardhouse. No idea whether got space to revamp that or not.
At the very least need to have 2 entrance lane: 1 for visitor, and 1 for those with access card. Will always be stuck up once someone in front need to register to enter.

Jalan Jelatek no comment. Forever jam road.

As long as LRT goes direct to KLCC seri Maya will always attract oil and gas tenants.many OPEC countries happen to be from the middle east. If not mistaken Huawei also is near KLCC hence many Chinese too

Another cheap lelong unit check in. Strata title issued. Vacant unit.

P-02-07, 2nd Floor, Seri Maya Condominium (Phase 1)
Reserve price 🔥🔥RM422,820🔥🔥
1179 sqft, 1 Car park
Freehold
Auction: early Dec

So low

Bank Auction : No. D-16-12, Seri Maya Condominium, Jln Jelatek, 54200, K.L
**Type : 3 Bedroom Condominium, FREEHOLD
**Auction Price : 🔥RM 534,600🔥
**Official Bank Value : RM 660,000
**Size : 1,378 sqft
**Auction Date : 20/12/2018

Unit sold at 504k just now.
Higher than last month reserve price.
The owner got 2 units there. Suspect still own staying in the other unit and let this vacant unit go via force sale / lelong. Still make some profit out of it.

Video of the bid:

ya a lot of chinese expat staying there also.

Hi, can't view the video... am curious to see how the auction process looks like.

Wow, why need to resort to lelong? I thought rental demand here quite good

You have to log in to Facebook. Then refresh the thread again.
Should be able to view the video.

Probably just want to sell off the unit. And the fastest method is via lelong, bank "force sale".
Coz he will still gain earning after the transaction fully completed, eventough it is done via lelong VS the launching price he got the unit at.

Launching price 15yrs ago macan 400psf...or 3xx.

wah rm400psf 15 years back consider high not?

Maybe i confused w 400k per unit....
Maybe around 250 to 290psf mark.

Nice place but now itsmore than 15 years old

oh.. 400k per unit makes more sense i suppose

This unit sold at 550k.
this month itself got 3 lelong units from Seri Maya.

Recap:
1. 1179 sqft unit sold at 502k. 1 car park
2. 1378 sqft unit sold at 550k. 2 car park
3. as below:

Now this is the last chance in 2018 to grab a cheap price unit from here.
Freehold + walkable to LRT Putra line.

C-08-13, Havanna, Seri Maya Condominium
Reserve price 🔥🔥RM510,300🔥🔥
1399 sqft, 1 Car park
Freehold
Auction: 28-Dec-2018 (Fri)

Non-bumi? Quite attractive price.

Yes. Overseas non local owner.

big mistake.....

if this foreigner wants to owe another property in Malaysia again, min 1mil already, and the new gov is thinking of revising to 2mil.

Most probably they no longer got any dealing here in Malaysia and head back to their own country already. Maybe.

Got Iranian owner of Villa Wangsamas unit at the auction hall before. He owned 2 units. Both enter lelong. First unit sold like 6 months earlier than the other unit coz under different bank. He attended the 2nd unit auction just to see how much the sold price. Very rare to see the owner of lelong unit very happy indeed his unit got sold via auction. Terbalik than usual. Yes he no longer staying here. Came back just to collect the money from his first unit.

Is the auction activity at Seri Maya higher than usual now ?
I wonder why there are so many at this moment.

Different culture or lack of knowledge of lelong in malaysia.

He may thought auction like overseas countries

so true... next time wanna come in and buy cannot liao, bar is raised

Guess you are right. Very unusual high amount of lelong unit from Seri Maya at the moment.
4th lelong unit check in within this 2 months.

K-05-03, Seri Maya Condominiuim
Reserve price 🔥🔥RM1,000,000🔥🔥
2331 sqft,
Freehold
Auction: 10-Jan-2019 (Thu)

2331 sf on iprop there is one selling at rm780k only. Non auction. LOL.

https://www.iproperty.com.my/property/ulu-k...m/sale-6807093/

Furnished !

Agree. 1st auction price = bank valuation. Need wait a long time to fall to realistic lelong market pricing.

In slow market today really can find plenty of below market deal.
Assuming mark up is agreeable, can even get cash back out of subsale dealing.
S&P price 1M.
90% loan = 900k.
Agreeable selling price = 780k.
Cash out 120k.

Some very big units up for grab

I saw in web site got students stay there.

But this biggie has too few bathrooms to be useful.

No idea any nearby students from which Uni or College staying there.
But many Arab family staying and also those rent per room/head one is targeting the working group around KLCC. Only few LRT stations to KLCC.

1000+ per room. Got such market ?

Only 2 bathrooms for such a size. Imagine working people getting up same time to rush to work.

Now another Seri Maya lelong unit check in.
5 lelong units within Dec/Jan only.
Suddenly very high amount of lelong units. I wander why.

H-01-01, Lanai IV, Seri Maya Condominium
Reserve price 🔥🔥RM540,000🔥🔥
1237 sqft, 1 car park
Freehold
Auction: 16-Jan-2019 (Wed)

Guess need to wait 1 more round before got interested buyer since is a low floor unit.

12xxsq one carpark

jialat….

I think these lelong units were not the 1st hand buyers.

perhaps many bought subsales earlier and now kena stuck with high loan but return so so????

Loan agreement of the 5 recent lelong units all signed in year 2010 or before. 2 foreign owners. 3 local owners.
Not sure bought direct from developer after project completed. Or bought through the 1st owner flipping after the project completed.