Seni

Seni (also known as Seni Mont Kiara) is a tastefully designed condominium nestled in the posh Mont Kiara enclave. It is another remarkable collaboration project in the i-Zen development series between the Ireka Group, via Aseana Properties Limited's unit Amatir Resources, and CapitaLand Financial.Why it is called 'Seni', a Malay word for art? The reason would definitely be its signature features that include a 2000 sf art gallery, designer Karl Princic's lush landscaped 5-acre garden that based on an island concept and Chef Wan's Cafe. Seni comprises of four condominium blocks, named Picasso, Van Gogh, Dali and Monet. Seni comprises two 40-level tower blocks and two 12-level low-rise blocks that house 605 units and more than 2,000 covered parking bays. Built-up areas of the high-rise units range from 2,411 to 3,714 sf while the penthouses are from 4,219 to 6,706 sf. The low-rise units have built-up areas from 2,336 to 3,401 sf, while the penthouses are from 4,047 to 5,479 sf. Each unit at Seni comes with a private lift lobby, air-conditioners, kitchen cabinets, kitchen appliances, wardrobes, fully fitted bathrooms and water heaters.Three parking bays are allocated for the typical units at Seni, while the penthouses are allocated between four and five parking bays. The developer claimed that 60% of the units will have unobstructed view of the Kuala Lumpur skyline. And the remaining units will enjoy the garden and pool view. These units are tagged from RM1.8 million onwards. Plenty of amenities surrounding Seni are available to serve the residents. There are Plaza Mont Kiara and Solaris Mont Kiara nearby for the household needs. The neighborhood is also served by three international schools, namely the Mont Kiara International School, Garden International School and French International School. For recreational and sports activities, there are KLGC and KGPA golf clubs, Bukit Kiara Equestrian Club, Royal Selangor Club and the 470-acre Bukit Kiara Public Park located within close proximity. Seni is well linked to major areas through several highways and prime roads including Sprint Highway, New Klang Valley Expressway (NKVE), Penchala Link, Kerinchi Link, Jalan Duta and the Duta-Ulu Kelang Expressway (DUKE).

Property Details

Name: Seni (also known as Seni Mont Kiara)

Address: Mont Kiara, Kuala Lumpur

Developer: Amatir Resources

Completion Date: August 2010

Type: Condominium

Tenure: Freehold

No. of Blocks: 4

No. of Storey: 40 & 12

No. of Units: 605

Land Area: 8.83 acre

Built-up: 2,441 sf onwards

Maintenance Fee: RM0.25 psf

Launch Price: RM1,809,000

Subsale Price:

Rental:

Layouts

Type A - 3,531 sf

Type B - 2,906 sf

Type C - 2,441 sf

Type D - 3,714 sf

Type F - 2,437 sf

Type G - 3,401 sf

Facilities

Tennis court

2 Olympic-sized swimming pools

Pool deck

5 Jacuzzi

Water pavilion

2 children's pools

Library / resource centre / cafe

Art gallery

Squash courts

Spa

Nursery

Function rooms

Gymnasium

Tai chi / yoga station

Sculpture garden

Shops

Jogging track

Private lift lobby (2 lifts serving 2 units & 1 dedicated service lift)

Market Trends

Analysis

Amatir Resources is a subsidiary to Aseana Properties Ltd. The company is a big name in property development industry, which is managed by Ireka Development Management. In fact, the company is listed in London Stock Exchange. While CapitaLand is a Singapore-based company, which is a huge property development company in Asia. Besides Seni, other developments under i-Zen series are i-Zen Kiara I, i-Zen Kiara II, Villa Aseana, One Mont Kiara and Kiaraville. Seni is located right next to the NKVE Highway which may result in residents who live facing the highway having to suffer noise and air pollutions from the passing vehicles. Not to forget that it is quite an eye-sore. The balcony is a nice touch to the units, but when opened, the residents will be greeted with such traffic fumes and noise.Due to its high density feature, the maintenance fee of Seni is quite low at RM0.25 psf, as most condominiums' maintenance fee in Mont Kiara enclave is above RM0.30 psf. The price tagged of Seni by the developer is really high at RM740 psf. For such price, the subsale price after completion has to breach RM900 psf, and its rental should be around RM4.50 psf in order to deliver decent return towards investor. Can Seni deliver such return? Well, without any doubts this is a modern lifestyle that the developer is selling, just like VERVE Suites. But do not forget that there are over 600 units built here, making it lacks of exclusivity no matter how the developer tried to flip this fact with all the state of the art features.