With Mont Kiara and Sri Kiara famous for high end condominiums, Taman Sri Sinar within Segambut strayed from the trend and opted for mid-range choices for the middle class. Located in this side of the town is Prima Tiara 1, a freehold mid-cost apartment project by CRSC Group. It is the first phase of the development which was completed in 2007 featuring a 20-storey block tower comprised of shop lots and residential units.
Low to Mid Cost Choices
Notable for its good location in Segambut, Prima Tiara 1 boasts quick access to amenities while neighbouring similar developments such as Menara Duta 1 & 2, Prima Duta and Changkat View Condominium. Right beside it is the follow-up phase, Prima Tiara 2 completing the development with offers of 396 units and 22 shop lots in total.
Prima Tiara 1, for its part, features a total of 160 units housed within its one-block tower. Completing the phase are 12 shop lots situated just below the apartment units, specifically in the ground floor. Built-up sizes range from 918 to 1,166 sq.ft., a practical and comfortable living space for young professionals, couples and even small families.
With affordability as a major part of its design, Prima Tiara 1 units were launched at a price starting from RM125,700 to RM169,400. Subsale price were set from RM288,000 to RM499,000 while rental is also attractively low from RM1,000 to RM2,000. But like with any investment, make sure to look beyond the figures. Start by verifying the property’s fair market value which you can accomplish using our free valuation guide.
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The Downside: Limited Facilities
Given the apartment’s focus on creating affordable homes for its target market, don’t expect much when it comes to facilities. Each unit comes with covered parking and the development is kept safe with 24-hour security. Capping off the key features is a playground for children to run around in. But that’s just about it for Prima Tiara 1 facilities. Despite lacking in typical lifestyle and recreational features, discerning investors sees Prima Tiara 1’s potential by going back to its attractive price tags.
The Selling Point
Location is a draw especially that ready amenities are surrounding the property. Among the closes schools to the apartment are SMK Segambut, SK Segambut Makmur and French International School. Simply step outside your unit and experience the convenience of having convenience stores in the lowest level of Prima Tiara 1. Some of the shop lots are dining options meeting one of your essential needs without trouble.
For more amenities to explore and enjoy, Mont Kiara is a mere 3-km away. A short drive will take you to an array of more conveniences making Prima Tiara 1’s location fairly desirable. The apartment is further kept connected to other key destinations via major roads and highways. Easy access to the site is via Jalan Segambut and Lang Emas. From here, residents can easily access North-South Expressway and DUKe linking the property to Ampang, Damansara and the rest of Klang Valley.
Prima Tiara 1 was developed by CRSC Group which started operations in 1982 and is currently involved with recent projects such as Rampai Business Park, The Lemontree Terrace Houses and The Parc Business. With years of experience under its belt, the developer is not new to the business of property development. Prima Tiara 1 and 2 are its response to the market’s demands for low to mid-cost apartments in Segambt.
If only for its affordable price tags alone, Prima Tiara 1 is an excellent prospect. However, shortage in facilities seems to turn off some investors especially that there’s a maintenance fee of RM0.15 per month. Despite drawbacks, at the end of the day, it boils down to the property’s fair market value today which you can check using our free ebook guide below.