Serai is a luxury condominium, currently being developed in a 6-acre land located in the vicinity of Bangsar. Developed by Bandar Raya Development, this freehold condominium is scheduled for completion by late 2016. This project will consist of two towers, which has 21 storeys each and a total of 121 units will be offered. The built-up of the units varies between 4,025 sf and 14,000 sf and the entire project is expected to get a gross development value of RM900 million.As for the layouts offered in Serai, the standard units will have a built-up ranging between 4,025 sf to 6,913 sf with a total of 119 units. Meanwhile, two penthouse units are offered, which has a built-up of 14,000 sf respectively. The units will come with five parking bays for each. This gated and guarded residence also comes with 3-tier security which includes smart card access, 24-hour CCTV surveillance, as well as a multi-tiered computerised monitoring system. After completion, Serai will have two entrances which are via Jalan Medang Kapas and Jalan Medang Serai. Facilities such as grand lobby, welcome porch, private lifts, swimming pool, wading pool, clubhouse, lounge, gymnasium, pool deck and recreational podium will be made available at this residence. Besides, indoor and outdoor play area for children will also be built for the convenience of families with children. An overhanging pavilion, water cascade, as well as a heated and salted 50 m pool would be available to give a pristine lush green environment for the residents. Multiple function rooms are also available for the tenants to have functions or family gathering.In terms of amenities, Serai has easy access to other major towns including Sri Hartamas, Bukit Kiara, Petaling Jaya and Mont Kiara via Federal Highway, Penchala Link and Sprint Highway. Shopping complexes such as Bangsar Village and Bangsar Shopping Mall is also located merely 500 m away. Other residential properties such as Tivoli Villas, Palmyra, Bayu Angkasa, Sri Bayu and Sri Bidara are also located in this neighbourhood.
Property Details Name: Serai Address: Bukit Bandaraya, 59000 Bangsar, Kuala Lumpur Developer: Bandar Raya Development (BRDB) Completion Date: 2016 (estimate) Type: Condominium Tenure: Freehold No. of Blocks: 2 No. of Storey: 21 No. of Units: 121 Land Area: 6 acres Built-up: 4,025 - 14,000 sf Launch Price: RM1,300 - RM1,500 psf
Layouts Standard (119 units) 4,025 - 6,913 sf Penthouse (2 units) 14,000 sf
Facilities Recreational podium Overhanging pavilion Swimming pool Wading pool Clubhouse Lounge Gymnasium Pool deck Grand lobby Welcome porch Children indoor play area Children's outdoor play area Private lifts 50 m pool 3-tier security Function rooms Water cascades 2 entrances
AnalysisSerai is a development of Bandar Raya Development (BRDB), a firm which has developed numerous project within the vicinity of Bangsar. Among the firm's proud developments are Menara Bangsar, Bangsar Indah, Bangsar Aman, Tivoli Villas, Bangsar Puteri, Sri Penaga, Bangsar Hill, Palmyra, One Menerung and The Troika. Serai was launched in mid 2012 with a launch price of RM1,300 to RM1,500 psf. This was due to the fact that this development is located in the final prime land of Bangsar.Even though Serai had an initial price of RM4,000,000 and above, yet almost half of the properties were sold out within few months. In addition, both penthouses were priced at RM22,000,000 each. This properties were mainly targeted at big shots and it is well known that properties in Kuala Lumpur has good capital appreciation. The price of this property should be doubled once the property is completed in the year 2016.