Sri Raya Apartment is a leasehold medium low cost flat located in the district of Ukay in Ampang. Situated in the outskirts of Kuala Lumpur at a 25 minutes drive to the city centre, other places of importance such as Bangsar, Mont Kiara and Petaling Jaya are approximately half an hour's drive away.Sri Raya Apartment is one of the higher end medium low cost flats in Ukay, however, it is unsuitable for the elderly and the disabled as it is a 5-storey walk up apartment. It is however highly suitable for small to medium sized families as each unit is an average size of 800 sf with 3 bedrooms and 2 bathrooms and prices range from between RM139,000 to RM200,000.Being one of the older developments in the area, Sri Raya Apartment is fully occupied and as such, most of the units on sale are at least partially furnished. What most buyers can expect from their partially furnished units are additional safety grills, whilst the kitchens usually have built in cabinets, hoods and hobs. Some of the pricier units also have air-conditioners already installed in all the bedrooms. Sri Raya Apartment is a fully gated and guarded apartment, where only authorised vehicles and personnels may enter the premises. Each unit is allocated a parking lot, although some of units on sale are being sold with two parking lots at an understandably much higher price. Residents will also have use of a small field, where the children's playground is located.Sri Raya Apartment is located in a fairly well established neighbourhood and as such is located close to many shops and eateries. Within walking distance are several mini marts, a 7-Eleven, a surau and a police station, and within the area is also a night market that caters to the residents. Within a 20-minute driving distance are several major shopping malls such as Suria KLCC, Sungai Wang, Berjaya Times Square and Pavilion.Located just off Jalan Ukay Perdana, Sri Raya Apartment is well connected via a myriad of highways such as the Middle Ring Road 2 (MRR2), the Ampang - Kuala Lumpur Elevated Highway (AKLEH), the Karak Highway and the Duta - Ulu Kelang Expressway (DUKE). The closest train station is the Sri Rampai LRT station which is approximately 10 minutes away by car, while public busses can be found on the main roads.
Property Details
Name: Sri Raya Apartment Address: Jalan Ukay Perdana 3, Taman Ukay Perdana, 68000 Ampang, Selangor Type: Apartment Tenure: Leasehold No. of Blocks: 4 No. of Storey: 5 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 800 sf Subsale Price: From RM139,000 Rental: From RM1,150Facilities
24-hour security Parking lot Playground SurauAnalysis
Sri Raya Apartment is located in what some consider a prime location as it sits in the one of the highly sought after residential areas in Ukay and is well connected by numerous highways. However the drawback of living here is that due to the high density of residents, traffic is almost always bad on the main trunk roads, especially during peak hours.The neighbourhood is also a good mix of low cost, middle low cost and middle range homes. Sri Raya Apartment is however situated more towards the inside area, surrounded mostly by similar low cost walk up apartments. Residents here are however quite friendly; although they are of a Malay majority and animals such as dogs are not well received. Sri Raya Apartment is considered by some to be an excellent investment due to its excellent location. The fact however remains that it is a medium low cost leasehold apartment which the price will gradually stop increasing as it gets closer to the lease expiry date. Unless investors are interested in long term rentals, Sri Raya Apartment is a no go. It is, however, excellent as a first home for those who are looking for a home close to the city centre.
