Menara Duta 1 is an old condominium dated 10 years back residing in Segambut. The enclave borders Mont Kiara and Jalan Duta, which is the medium-class residential suburb in Kuala Lumpur.
Menara Duta 1 is also near to French International School which known as the Lyce’e Francais de KL and other government schools including Sekolah Kebangsaan Segambut Makmur, Sekolah Menengah Kebangsaan Kiaramas and Sekolah Kebangsaan Hartamas. It is also near to Duta mosque, government complexes in Jalan Duta and MATRADE.
Road accesses to the area include Jalan Duta, Penchala Link and Mont Kiara interchange that lets residents to acccess Kuala Lumpur, Petaling Jaya and Mont Kiara with ease. With DUKE highway opening soon, the residents will have more options as the highway offering seven interchanges including Jalan Duta, Jalan Kuching, Sentul Pasar, Setiawangsa, Hill View, Bandar Dalam and Greenwood.
One of the problems about Menara Duta 1 is its developer MBF Property, which was bankrupt. Due to the developer’s status, there will be some difficulties to get housing loan on any unit of the condominium due to the bank internal mortgage criteria for the property.
Thus, it is will be hard for anybody even potential buyer in the future to buy a unit in Menara Duta 1. But some claimed that they have not encountered any problem with the transaction at all.
Besides that, Menara Duta is not maintained very well by its management. Even though they keep daily cleaning service and proper security, but there are complaints about dirty visitorâ€™s toilet.
Also, sauna provided is also closed most of times. Looking from the outside of the compound, you can evidenced dull paint colour on the building. You can even see the some cracked on the outer building from far.
But the facilities seemed to get a fresh coat of paint not very long ago. Worst still, Menara Duta 1 lacks of sinking fund as it did not follow HDA 2002 requirement to have at least 10% of sinking fund for major renovation. Therefore, one cannot expect major renovation made in the future that will increase its value.
There is a school behind of Menara Duta 1. It is quite irritating as you will hear the bell every morning and later during the school period. Not only that, if you have a low rise unit which facing the school, you may suffer noises made from those students.
There are loads of cars parked in front of the entrance, which mostly owned by Menara Duta 2 residents, or residents who have more than 2 cars. All units of Menara Duta 1 come with 2 car parks, and there are 25 visitor parking lots available. But if you have more than 2 cars, or the visitor parking bays are full, you can park on the roadside. Don’t worry, there are no traffic police will issue traffic summon for it.
There are numerous accesses to the area. But if you are working in KL, you have to suffer rough traffic in Jalan Duta or Jalan Kuching on your way to work. Although there are a number of condominiums sharing the same road access, the traffic is still manageable before you get to the main road. Plus, there are also plans to upgrade Jalan Segambut into a 6-lane dual-carriageway.
As for investment, Menara Duta 1 does not offer you high rental yield or capital appreciation. The price itself has declined over few years back in 2006 and does not appreciate much ever since due to new residential developments in the area. Perhaps the price will appreciate after the opening of DUKE highway.