Sri Putramas III

Sri Putramas III (also known as Sri Putramas 3 or Royal Regent) is an upmarket condominium nestled adjacent to Jalan Kuching in Dutamas area. It is the successor to Sri Putramas II and Sri Putramas I, which are located next to each other. It is positioned right within the hub of the city centre on a 2.5-acre freehold land, which is inclusive of a 1.5-acre natural park. Sri Putramas III offers a total of 654 units, with built-up sizes ranging from 860 to 3,290 sf. There are a few types of layout available at Sri Putramas III, with 2 to 4-bedroom setups. Each unit is built with separate wet and dry kitchens, and complemented with kitchen-top hood and hub, fully air-conditioned system and water heater. The recreational facilities at Sri Putramas III are located on the 5th floor, which include Jacuzzis, BBQ pits, gazebos, swimming pool, pool deck and children's playground. There are also indoor facilities such as an AV room, reading room, gymnasium, sauna, squash courts, games room, multi-purpose hall, lounge, nursery and mini market. There are several ingress and egress to access this modern condominium. Sri Putramas III can be easily accessible via Jalan Kuching and Jalan Dutamas 2. These two roads are directly connected to Jalan Segambut, Jalan Duta, Sentul Link, Jalan Sultan Ismail and Jalan Kinabalu. In addition, it is just about 5 minutes (4.2 km) from Putra KTM Komuter Station, PWTC RapidKL LRT Station and Hentian Putra.

Property Details

Name: Sri Putramas III (also known as Sri Putramas 3 or Royal Regent)

Address: Jalan Kuching, Kuala Lumpur

Developer: Mayland Group

Completion Date: August 2013 (estimate)

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Units: 654

No. of Bedrooms: 3

No. of Bathrooms: 3

Land Area: 2.52 acres

Built-up: 860 - 3,690 sf

Launch Price: RM430,000 - RM700,000 (about RM500 psf)

Subsale Price: From RM540,000

Rental: From RM1,700

Facilities

Swimming pool

Gymnasium

Sauna

Tennis court

Playground

Cafeteria

Minimart

Market Trends

Analysis

Mayland Group, one of the leading developers in Malaysia, has developed numerous dynamic projects in Kuala Lumpur, Selangor, Putrajaya as well as in Johor. Founded in 199, by Tan Sri Dato’ David Chu, Mayland's upcoming projects include Daman & Sara Service Apartment, The Hermitage Service Apartment, Dorsett Residences @ Bukit Bintang, Nottingham Hill and Sri Putramas IV.Some of their completed projects are Menara Hartamas Condominium, Ampang Puri Condominium, Puncak Prima Condominium, Taman Teluk Gedong Low Cost Apartments, Prima Regency Service Apartments, Austin Terrace Houses (Phases 1, 2 and 3), Plaza Damas Shop Offices (Phases 1, 2 and 3), Mayfair Dorchester Service Apartment, Plaza Damas Superlink Houses and Windsor & Waldorf Service Apartment.This development was initially launched in mid 2008, where it was tagged at around RM350 psf. The unit types were different back then, as it offered medium to large units with built-up sizes ranging from 1,580 to 4,100 sf. However, because of economic downturn during the year, the sales of Sri Putramas III went bad, and buyers during the time would rather buy something in Mont Kiara instead. Now, the developer has made a brilliant move to offer small units instead, and make big bucks by the high price tag. Mayland is infamous for being criticized of bad workmanship, low quality material used and late delivery. However, it is also known for delivering high return in both rental yield and capital appreciation in most of its properties.