The brand-spanking new (at the time of review!) Zenith Residences is a residential property developed by SMI Cityhome – which is well known of the developer of Sterling as well as Kelana Mahkota, also in Kelana Jaya. This leasehold condominium is one of the latest properties in the bustling area of Kelana Jaya where new developments are few.
SMI Cityhomes has slowly earned a reputation for developing quality properties and is becoming a successful name in the real estate industry in Malaysia. It does seem to focus on its land bank in Kelana Jaya which is a good thing; we PropertyReviews.my editors have a slight preference towards boutique, area-focused builders over huge, one-size-fits-all developers. 🙂 Its parent, South Malaysia Industries (a listed entity) also has got projects at other places, namely Jamnah View in Bangsar and Dynasty View on Jalan Kuchai Lama. Zenith has got a gross development value for some RM150 million.
As of the moment, average for sale prices are slowly (but surely) increasing. Sales prices during the middle of the year for this condominium were listed at around RM570 per square feet. We would expect the asking price to stay at sub RM600 PSF levels until end of the year; it does seem that the prices of Sterling at around RM500 PSF now are “anchoring” the prices below the RM600 PSF level. We do see some listings at around RM660 PSF asking price, but as anyone knows, these are prices to be bargained downwards 🙂 For a useful guide on how to value a property, click here.
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Living at the Zenith
Zenith Residences is made up of two blocks, each standing 21-storeys tall on a 1.1 acre land, and housing a total of 358 units. It also has 12 units of commercial duplexes from the ground level to the first level. The first floor would also have two additional commercial duplexes. Parking bays are situated in the condominium’s first to fifth levels.
Luxurious amenities will all be located on level six. A podium, a swimming pool, a clubhouse, and a gymnasium are all slated to be constructed there. Finally, units would be from level six to level 20.
Security systems are enhanced through the use of access cards, as well as a 24-hour security surveillance system. For the condominium’s facilities, residents may expect the following luxuries and amenities:
- Business centre
- Mini market
- Children’s playground
- Wading pool
- Swimming pool
- Barbecue area
- Covered parking
Units at the Zenith are 358 in total. These units have built-up areas that start at 710 square feet, and larger units come at 1,173 square feet. As for unit layouts, our dear PropertyReviews.my readers, potential residents and investors have six options to choose from.
Type A units are sized at1,173 square feet. Type A1 units are measured at 1,137 square feet. A typical Type B unit at the Zenith would be 990 square feet. B1 units are larger, and are sized at 1,023 square feet. The smallest unit available for this condominium would be a Type C layout, which is measured at 710 square feet. This type of layout would have only two bedrooms and two baths. Lastly, Type D units are the largest—measuring at 1,227 square feet.
All units at the Zenith Residences have three bedrooms and two baths, except its Type C layout.
Going Around Town
It’s nice to live around the Petaling Jaya, as everything and every place seems to be interconnected and easy to be reached. The Zenith Residences may be accessed through Kuala Lumpur’s major roads and expressways. The Penchala Link, Federal Highway, New Klang Valley Expressway, LDP, and the Sprint Highway may all be used whenever one needs to go to this luxury condominium.
Potential residents would also enjoy the close distance of the condominium to work places, making the commute easy and convenient. The fact that it’s near Paradigm Mall is a major selling point. Other spots and destinations to the Zenith Residences include Sunway Pyramid, Tesco, Paradigm Mall, and Giant. There are also banks, convenience stores, and petrol stations that are all within close driving distance from the condominium.
What We Think
We admittedly do have a soft spot for Kelana Jaya; it’s pretty central with good accessibility to both central Petaling Jaya and the city. While perpetually congested, the LDP is a good connector to Damansara and Puchong, and being right in the centre means that convenience is a strong selling factor for Kelana Jaya properties. Also, its nearness to Paradigm Mall is also an advantage.
Demand has been strong for Zenith; in fact the units have been completely sold even back in 2011. The value proposition is strong; the configuration seems to be small family-friendly with smaller-than-usual units (the largest are merely 1,200+ sq ft) which also means that the capital outlay is small. There will also be a corporate tower to be built in the vicinity, which means that it will also attract smaller companies and startups; increasingly, entrepreneurs are attracted to places where they can take a stroll from bed to work in ten minutes or less. We speak from experience 😉
All in all, Kelana Jaya condominiums seem to deliver pretty good value with prices below RM500 PSF – although with newer properties like Zenith this level will certainly go up. With the focus of many developers now towards fringes of Klang Valley such as south Puchong (where Sierra and D’Alpinia come to mind) there doesn’t seem to be much interest in Kelana Jaya, which means that supply will almost outnumber demand in this area. Does this mean that the prices will go up, and if so, by how much? Learn how to figure out a property’s “fair market value” using this brief guide below which we will email you once you filled in your details below –