Sprawled on 16 acres of freehold land is Seri Maya in Setiawangsa, sitting on Jalan Jelatek with a mix of low- and high-rise blocks. The newer One Jelatek is its neighbour, and is also built by the same developer – the venerable Tan & Tan through its wholly-owned subsidiary Bintang Buana. Seri Maya was completed in October 2007.
Seri Maya seems to offer rather competitive pricing given its locational advantages as well as the condition of the apartment. One Jelatek next door is newer, but Seri Maya seems to have a more “homely” feel due to its superior landscaping and configuration. Kampung Warisan (by E&O) is on the other side, and represents a viable alternative to Seri Maya.
Depending on the unit’s location and configuration, current selling prices for Seri Maya range from RM400 to RM500 psf. Now given that even a run-off-the-mill condominium in Kelana Jaya (like Sterling) or in Puchong (like Zest in Bandar Kinrara) are already peaking at RM450 PSF, a city condominium at this price range could be a downright steal. But don’ take our word for it – use this simple property valuation guide to help you decide (it’s free).
Rental rates range from RM2.40 to RM2.60 psf.
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Configuration and Facilities
In total, Seri Maya has 1,486 units (or 93 units per acre of land), making it a moderately high density property. It is of Balinese concept with emphasis on serenity, peace and comfort for its residents and was conceptualized with a “village within the city” by itself concept. Its landscaping is well-kept and lush greens line walkways, giving it a tranquil setting.
Units at Seri Maya have built-up sizes from 1,126 to 3,551 sqf. In summary, Seri Maya is made up of the following:
- Lanai – low-rise apartments (9 blocks)
- Jelatek 1 & 2 – high-rise apartments (2 blocks)
- Savanna & Havana – high-rise (2 blocks)
The Jelatek and Lanai blocks were first introduced to the market, which were eventually followed by the Havana and Savanna blocks. Units are distributed as follows:
- Lanai – more or less 400 units distributed to 9 blocks
- Jelatek – 240 units distributed to blocks
- Havana – 439 units
- Savanna – 439 units
The low-rise Lanai blocks provide extra space for a private garden and has the view of the pool. The high-rise blocks offer a spectacular view of the mountains (Genting!) and the city center.
Each unit at Havana and Savanna blocks has a lanai, instead of just a balcony, which makes it look wider brighter. The living and dining areas are also separate from the bedrooms, giving an illusion of bigger space.
The property is high-speed broadband internet and cable TV ready and has three gymnasiums, a Balinese pool, infinity pool and wading pool, sundecks, playgrounds, reflexology path and meditation corner, multi-purpose hall, covered parking, retail area and intercom system. The community is gated and observes tight security measures.
This modern medium-cost residential project is a mere five kilometers away from the Petronas Twin Towers and is easily accessible via private and public transportation.
Here at PropertyReviews.my HQ, developer reputation is a major consideration in buying properties. We have seen enough abandoned projects to grow leery of the typical Syarikat Pembinaan Ah Beng Dan Rakan Rakan. 😉 Tan & Tan is known for its aesthetically designed and quality residential projects, and Seri Maya is not an exception. Tan & Tan’s portfolio is impressive – One Jelatek (next door to Seri Maya), Cendana on Jalan Sultan Ismail, Desa Damansara, Desa Angkasa, Seri Ampang Hilir (on the Embassy Row) and Desa Kudalari (the very first condominium in downtown KL).
Although Seri Maya is deemed to be a medium-cost property, it is evident that the project was well thought of and carefully planned. Also, with a lot of floor layout options to choose from, Seri Maya caters to different kinds of lifestyles. Besides the floor layouts, there are also various options for floor locations and views that would satisfy every buyer’s fancy. Additionally, its proximity to the Setiawangsa LRT station is a bonus.
On the slight downside, it’s surrounded by medium and low cost flats in the Jelatek area. Also, the more picky ones will not like its high density factor, and the fact that it’s on Jalan Jelatek which has severe congestion problems during peak hours.
Given its mid-of-the-range price tag, Seri Maya holds appeal to those who want to live in the city but on a tighter budget which rules out most KLCC and Embassy Row properties. Comparing between Seri Maya and One Jelatek, we do like the former better due to its configuration as well as its lower density despite being older of the two. For those who prefer low rise options in the area, Kampung Warisan seems to be a good bet with a similar price tag.
Since that Seri Maya is priced at par with One Jelatek and Kampung Warisan, there doesn’t seem to be much differentiation between these three in the Jelatak area. We do recommend prospective buyers to check the latest transacted prices in order to estimate the fair market value. To do this, download this short but rather useful guide on real estate pricing below –