While the district of Segambut’s real estate scene was still young, Menara Duta 1 was constructed by Radin Makmur (a subsidiary of MBF Property) as a mid-market condominium development in the 1990a. Strategically situated in Jalan Dutamas Raya, in between Mont Kiara and Sri Hartmas, the freehold project has great access to modern amenities nearby. It also sits right in front of its follow-up project, Menara Duta 2, as well as other developments like Prima Duta and Changkat View.
Affordable Choices in Dutamas
Menara Duta 1 offers a total of 341 units housed within 3 13-storey blocks. Built-up sizes were spacious and comfortable starting from 1,491 sq.ft. to 2,850 sq.ft. At the top level are choices of duplex penthouses targeted at growing families with unobstructed views of the panoramic city skyline. These units typically come with 3 bedrooms plus bathrooms and one maid room. Quality furnishings are added attraction in addition to spacious balconies.
The subsale price was from RM440,000 to RM920,000. Rental rate, on one hand, was set from RM1,400 to RM4,800. Due to a healthy does of competition in the Dutamas area, the price range is quite attractive making Menara Duta 1 a good investment choice back then. To check if the development is still in sync with its fair market value today, don’t hesitate to use our free guide right here.
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Convenient and Strategic Locale
A major part of the condominium’s appeal is definitely the location. It is an ideal haven for mid-market investors who crave the luxuries of modern conveniences at an affordable price. Close to the the development are numerous amenities ready to enrich your way of life. Walking distance from home is the French International School and other primary and secondary educational institutions. Other public amenities within the vicinity are government offices, a mosque and Matrade Building.
The development shares the same advantage of easy accessibility with the rest of the developments in Dutamas. Conveniently serving the area are several roads leading to KLCC, Month Kiara and other key centres like Petaling Jaya. On top of several interchanges are major highways including NKVE, DUKE and Penchala Link providing topnotch connectivity.
Charming Investors with Facilities
To further charm investors, the development has a set of excellent facilities satisfying the need for a well-balanced lifestyle. Despite the hustle and bustle outside, Menara Duta 1 is an affordable gateway to relaxation, leisure and recreation through the following features:
> swimming pool
> reflexology path
> barbecue area
> barbecue pit
> children’s pool
> badminton and tennis courts
Designed to provide absolute convenience, the condominium also included practical features like poolside cafeteria, minimart, laundry mart and a daycare centre. At Menara Duta 1, there’s really no need to go out to enjoy the basic pleasures of urban living.
Location-wise, Menara Duta 1 has all the advantages but that is apparently cancelled out by the fact that its developer (MBF Property) is reportedly bankrupt. It did dampen investor enthusiasm to check the property out. Another drawback that put the development in bad light is its unpromising potential for appreciation. In fact, the development has seen a decline in its price over the years making it an unwise investment if you’re after high rental returns or healthy capital appreciation.
Fortunately, the completion of Duta-Ulu Klang Expressway in 2009 has brought back some energy into the development. It has since then seen a decent increase in sale price which is a good indication that the property is growing in value. And if you want to know more about Menara Duta 1 in terms of its fair market value today, below is our free ebook guide to help you along.