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Sri Putramas III, Dutamas

Sri Putramas III (also known as Sri Putramas 3 or Royal Regent) is an upmarket condominium nestled adjacent to Jalan Kuching in Dutamas area. It is the successor to Sri Putramas II and Sri Putramas I, which are located next to each other. It is positioned right within the hub of the city centre on a 2.5-acre freehold land, which is inclusive of a 1.5 acre natural park.

Sri Putramas III offers a total of 654 units, with built-up sizes ranging from 860 sf to 3,290 sf. There are a few types of layouts available at Sri Putramas III, with 2 to 4-bedroom setups. Each unit is built with separate wet and dry kitchens, and complemented with kitchen-top hood and hub, fully air-conditioned system and water heater.

The recreational facilities at Sri Putramas III are located on the 5th floor, which include Jacuzzis, BBQ pits, gazebos, swimming pool, pool deck and children’s playground. There are also indoor facilities such as an AV room, reading room, gymnasium, sauna, squash courts, games room, multi-purpose hall, lounge, nursery and mini market.

There are several ingress and egress to access this modern condominium. Sri Putramas III can be easily accessible via Jalan Kuching and Jalan Dutamas 2. These 2 roads are directly connected to Jalan Segambut, Jalan Duta, Sentul Link, Jalan Sultan Ismail and Jalan Kinabalu. In addition, it is just about 5 minutes (4.2km) away from Putra KTM Komuter Station, PWTC RapidKL LRT Station and Hentian Putra.

Property Details

  • Name: Sri Putramas III (also known as Sri Putramas 3 or Royal Regent)
  • Address: Jalan Kuching, Kuala Lumpur
  • Developer: Mayland Development
  • Completion Date: August 2013 (estimate)
  • Type: Condominium
  • Tenure: Freehold
  • No. of Blocks: 2
  • No. of Units: 654
  • No. of Bedrooms: 3
  • No. of Bathrooms: 3
  • Land Area: 2.52 acres
  • Built-up: 860 – 3,690 sf
  • Launch Price: RM430,000 – RM700,000 (about RM500 psf)
  • Subsale Price: RM389,000 - RM1,450,000
  • Rental: RM1,200 - RM4,600

Facilities

  • Swimming pool
  • Gymnasium
  • Sauna
  • Tennis court
  • Playground
  • Cafeteria
  • Minimart

Market Trends

Analysis

This development was initially launched in mid 2008, where it was tagged at around RM350 psf. The unit types were different back then, as it offered medium to large units with built-up sizes ranging from 1,580 to 4,100 sf. However, because of economic downturn during the year, the sales of Sri Putramas III went bad, and buyers during the time would rather buy something in Mont Kiara instead. Now, the developer has made a brilliant move to offer small units instead, and make big bucks by the high price tag.

Mayland is infamous for being criticized of bad workmanship, low quality material used and late delivery. These problems happens to almost all of its developments. However, it is also known for delivering high return in both rental yield and capital appreciation in most of its properties. Sri Putramas I was badly built, but then the developer has really delivered Sri Putramas III very well.

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