One Jelatek

One Jelatek is an exclusive freehold condominium located along Jalan Jelatak in Setiawangsa, mere kilometres away from the Kuala Lumpur city centre. It is a project by the renowned developer, Tan & Tan. One Jelatek comprises of 19-storey and 21-storey blocks that house 90 units with built-up area ranges from 1,327 to 2,976 sf. There are 2 units per floor for the 19-storey block and 3 units per floor for the 21-storey block. Layouts available are 1 bedroom and a study room, 2 bedrooms and a study room and 3 bedrooms. It was launched back then in October 2007 from RM513,000 to RM1,239,000. Each unit of One Jelatek comes with quality finishes and fittings, split air-conditioning to living, dining, study and all bedrooms, tempered glass panels with swing doors at shower areas, built-in kitchen cabinets hood and hobs, and solid timber flooring. Its highlighted feature is, each unit comes with a 7.8-meter long balcony that lets you enjoy spectacular Kuala Lumpur skyline view. In term of its security, it features proximity vehicle reader, CCTV, audio intercom and magnetic touch car at all entry points. There is Sky Terrace, a recreation floor located on the high floor that houses sundeck, infinity-edged pool and Jacuzzi.Amenities surrounding One Jelatek are just minutes away. There are several shopping centres nearby including Ampang Point, Great Eastern Mall and The Amp Walk. In addition, it is just mere minutes to prime shopping malls like Suria KLCC and Pavilion. Gleanegles Intan Medical Centre is located right at the Jalan Jelatek and Jalan Ampang intersection. International schools nearby include Sayfol, International School of Kuala Lumpur and Sri Utama. In terms of accessibility, One Jelatek is well-connected to the city centre via Jalan Jelatek and Jalan Ampang. Also, you can easily access to several highways including the Middle Ring Road 2 (MRR2), Ampang-Kuala Lumpur Elevated Highway (AKLEH) and Damansara-Ulu Klang Elevated Highway (DUKE) that lead towards Damansara, KL city centre, Sungai Buloh and Cheras. On top of that, this condominium is just within 50 meters to the Setiawangsa Putra LRT Station.

Property Details

Name: One Jelatek

Address: Jalan Jelatek, Kuala lumpur

Developer: Bintang Buana (a subsidiary of Tan & Tan)

Completion Date: December 2010

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 20

No. of Units: 90

Land Area: 0.75 acre

Built-up: 1,327 to 2,976 sf

Launch Price: RM513,000 - RM1,249,000

Subsale Price:

Rental:

Layouts

Type A & A1

2 bedrooms + study room

1,556 sf

Type A2

2 bedrooms + study room

1,817 sf

Type B & B1

1 bedroom + study room

1,327 sf

Type B2

1 bedroom + study room

1,588 sf

Type C & C1

2 bedrooms + study room

1,649 sf

Type C2

2 bedrooms + study room

1,910 sf

Type D & D1

3 bedrooms

1,633 sf

Type E & E1

2 bedrooms + study room

1,621 sf

Facilities

Sky Lounge - a recreational area

Infinity-edged pool

Jacuzzi

24-hour security with CCTV and access card

Market Trends

Analysis

Tan & Tan has gained trust of Malaysians ever since it was established in 1971 via its first debut Desa Kudalari, the country's first condominium development; MiCasa All Suite Hotel, a pioneer in serviced apartments; Sierramas, a gated residential estate; and Hampshire Park, a modern condominium nestled in the KLCC enclave. Latest developments by the company include U-Thant Residence, Seri Maya and Cendana. Future projects in pipeline are Seri Ampang Hilir, 3 Desa Pandan and Mid Valley City Phase 3. If you have ever been to Jalan Jelatek and Jalan Ampang during peak hours, you will know that the traffic jam is bad at most times. These two narrow roads serve tens of thousands of motorists from Wangsa Maju, Keramat, Setiawangsa, Ampang, and Setapak daily. On the brighter side, you can always take the highways to get to your destination.The area which One Jelatek sits on is not considered an exclusive area. In fact, one can grab a landed house nearby in Keramat or Setiawangsa at much bargain price than this. But the area is currently developing into a better neighborhood, which one can find several new and modern developments going on. Most developers here are revamping this vicinity into an exclusive neighborhood for the hot-shots executives and expatriates living area. In terms of quality, Tan & Tan is a trusted name to deliver high quality development in the mid-to-high-end property segments. Its products are usually top the notch in terms of finishing, material used and workmanship. It can be evidenced by almost all Tan & Tan's products. In terms of investment, most investors are looking at attractive yield of 9% per annum that equals to that of Seri Maya's. Well, the yield seems possible depending on entry cost. At RM420 psf, One Jelatek's price has great potential to sky rocket to at least RM500 psf once it is completed. It is possible because of its exclusivity, low density and also prices of condominiums around Embassy Row are currently above RM600 psf. This is a great piece of investment everyone should consider chipping in.