10 Semantan

10 Semantan (also known as Semantan Avenue Suites) is a serviced apartment located along Jalan Semantan within exclusive Damansara Heights enclave. It is positioned opposite CIMB Bank and can be seen at the road side of SPRINT highway. Located approximately 5 minutes away from the Kuala Lumpur city centre and 10 minutes away from Mont Kiara, this condominium is very centrally located.Units at 10 Semantan are available in two designs, namely Deluxe Suites and Presidential Suites which are studio and two bedroom units respectively with varying sizes. As for studio units, the size range from 520 to 792 sf, meanwhile two-bedroom units range from 980 to 1,005 sf. The two-bedroom unit features one bedroom that adjoins an enclosed garden sanctuary, and another connects to a study room. Each unit at 10 Semantan is fully furnished with queen size bed, sofa set, two split air-conditioners, kitchen cabinet with cooker hob and hood, refrigerator and built-in wardrobe. Besides that, the corridors and hallways are air-conditioned as well, giving buyers the ease and comfort of moving into a fully furnished apartment.10 Semantan is well-located in Damansara Heights, which is one of the most exclusive neighbourhoods in Kuala Lumpur. It is positioned up in the hills and is considered to be a prime elite location. There are about 25 purpose-built office buildings in Damansara Heights including Fortune 500 firms such as Caltex, Hewlett-Packard, Siemens, Ogilvy and Shell. Aside from that, 10 Semantan is also close to a number of exclusive neighbourhoods such as Mont Kiara, Bangsar and Sri Hartamas. Within a short drive are Mid Valley Shopping Mall, Bangsar Shopping Center, and Bangsar Village; all within 10 minutes of the condominium. Golf enthusiasts can hit the greens with friends and colleagues at KLGCC, KGPA, Tropicana Golf and Country Resort and Sri Selangor Golf Club which are located nearby. 10 Semantan can be easily accessed from Jalan Duta, Sprint Highway, Jalan Kuching and Federal Highway. It is adjacent in the border of the city center and Petaling Jaya. Residents can utilize Jalan Duta and Jalan Semantan to get to North - South Expressway. Residents may also access Bangsar via Jalan Maarof.

Property Details

Name: 10 Semantan (also known as Semantan Avenue Suites)

Address: Jalan Semantan, Damansara Heights

Developer: Meda Inc

Completion Date: December 2006

Type: Condominium

Tenure: Leasehold

No. of Blocks: 1

Land Area: 0.89 ha

Built-up: 509 - 1,005 sf

Maintenance Fee: RM0.35 psf

Launch Price: RM440

Subsale Price:

Rental:

Layouts

Deluxe Suite

Studio

509 - 792 sf

Single bedroom unit

Presidential Suite

980 - 1,005 sf

Two bedroom unit

Facilities

Gymnasium

Sauna

Jacuzzi

Swimming pool

Covered parking

Barbecue area

Mini market

24-hour security with access card on each floor

Market Trends

Analysis

10 Semantan is developed and maintained by Meda Inc. The group is also responsible on a number of developments in Melaka, Tanjung Malim and Bukit Mertajam. It operates Summit Hotel in Subang USJ and another hotel in Bukit Mertajam. During its launch, buyers were offered the buy-to-lease option, which offered a guaranteed rental return of 8% per annum for 6 + 3 years, and other perks such as complimentary legal fees for sale and purchase and loan agreements.10 Semantan was launched in 2004 for around RM440 psf for a fully furnished serviced apartment; an unheard of price in the current days where prices in the vicinity bear RM1,000 psf prices. Rental prices have also risen drastically, where a studio unit of 520 sf commands a rental price tag of at least RM1,400.A misfortune very unfortunately happened on 4th December 2008 when a landslide occurred due to the many developments in the area which encompassed both bungalows and high rises. 10 Semantan very fortunately escaped the disaster, and although many have already forgotten the unfortunate event, it still lingers on in many minds.Traffic in the area is a major issue as 10 Semantan is located just beside the Sprint Highway, that connects Damansara to the Kuala Lumpur city centre. The road bears bumper to bumper cars during peak hours as people utilize the road to get to Jalan Duta to reach the city center as well as people commuting to and fro work in Damansara Heights.10 Semantan promises to be a very good investment despite its leasehold status, as the area is still growing at a fast pace with many new upcoming developments. Its location is also a big advantage for city dwellers looking for homes close to the city due to either work or studies.