Located on Jalan Yap Kwan Seng is D’Mayang, a posh and high-end condominium developed by Bolton Berhad (now known as Symphony Life). The condominium stands on freehold land and was completed on 1994 – it is one of the oldest condominiums around the KLCC enclave, and its age is definitely showing.
Click here(and scroll down if needed) if you are looking for property listings for D’Mayang.
Nevertheless, D’Mayang’s prices have kept on increasing as years progress. Its recorded asking price back in November 2003 was a mere RM400 per square feet – almost unimaginable only after a decade later. Over time, asking prices soared, as more and more condominiums were being built along the KLCC area. Since 2003 the asking prices have nearly doubled in amount by 2010 at RM650+ per square feet. By the end of 2012, transacted prices ballooned to RM750 per square feet.
We would expect that the asking price to taper off given the alternatives at the nearby Persiaran Hampshire where a cluster of newer condominiums are located – notably Panorama, Hampshire Park, 2 Hampshire and The Meritz (directly opposite). However, these are markedly more expensive (RM1,000 PSF onwards), and for those on a budget then D’Mayang is a viable alternative.
To come up with a “fair” ballpark price figure, use our handy little property valuation guide which can be downloaded here.
Built-up areas for units are measured at 1,140 square feet. Its penthouse unit is measured at 2,116 square feet. Residents of south-west units will be privileged to enjoy the KLCC skyline and the KL Tower. However, given the plethora of new developments these views may soon disappear – it’s advisable that you get a first hand viewing of the apartments before you decide to buy!
Developer Track Record
In its previous reincarnation as Bolton, Symphony Life has been in the Malaysian real estate industry for over five decades, bringing in world-class developments and establishments to Kuala Lumpur. It adds D’Mayang to its list of premier developments, alongside the Tijani 2, an upscale condominium built on 42-acre land. We like Tijani a lot – much better than D’Mayang, admittedly! 😉
Being pioneers in real estate development has allowed Symphony Life to lend its reputable brand to D’Mayang. Luxurious and beautiful, the condominium sure has found its way among the best places to live in the KLCC area – especially given its relatively “low”-ish price tag when compared to other condominiums in the KLCC enclave.
Bolton Berhad has already accomplished a lot in the real estate industry, and has greatly contributed in pioneering condominium living in Malaysia. D’Mayang may have been there for a long time but Bolton Berhad has done a great job in maintaining the quality and prestige of the condominium that continues to attract investors and residents because of its accessibility, great location, and overall convenience.
Sidenote: Bolton’s “transformation” into Symphony Life was profiled by The Edge here.
We have compiled some “insider” information by talking to owners and agents which you can access below. Caution: you should not base your investment decisions based on the information which we have not validated. Thank you for understanding.
[to_like id=”1377″]The biggest “issue” with D’Mayang is its age, and while it has been maintained rather well, it is showing obvious signs of wear and tear. Investors like D’Mayang since it has been a solid, consistent performer in the rental market, and it is especially popular with expats and oil-and-gas expatriates. For furnished units, you can expect a median rental rate of about RM4,000. Also, consider short-lets as another possibility. For your own stay? Possibly no.[/to_like]
What to Expect
Modern living sure has raised its standards as more and more people want more—more luxury, more class, more taste. D’Mayang doesn’t disappoint, as it offers a whole range of activities coupled with added bonuses that make life more convenient. The condominium has a well-equipped gymnasium, a children’s playground, a squash court, a swimming pool, a cafeteria, and a sauna. Residents are also protected with a 24-hour security system.
Location-wise, the condominium is strategically near the most happening places in the KLCC enclave. One would get its fill of upscale malls, bars, fine-dining restaurants, shops, and cafes. Malls that are within close proximity are Suria KLCC, Times Square, and Pavilion Mall. Lines of pubs, clubs, and restaurants are also within driving distance. Stadium Negara Restaurant, The Deccan, and The Smokehouse Restaurant are all near the condominium. Other nearby places include Zouk KL, The Beach Club, and Nouvo.
Embassies are also abundant in the area, making it a perfect spot for expats.
Getting Around, Made Easy
There are indeed a lot of perks when one lives in KLCC. Apart from its many sights(including the world-famous Petronas Towers and KL Tower) and entertainment spots, almost all major highways and roads are connected to KLCC, definitely adding up to its name of being “the city centre”.
D’Mayang’s GoodPlace Walkability Score is 94. Both public and private transportation would have no problems getting around the condominium. Located within metres of D’Mayang is the KLCC LRT station, making it easy to get around the city or directly to KL Sentral. Taxi stands and bus stops are also nearby. By car, the condominium can be accessed via KL-Putrajaya Highway, SMART Tunnel, and Ampang-Kuala Lumpur Highway.
Download the free KLCC Walkability Map here (the high resolution PDF comes up in new window). Also, use this map below to check where the closest amenities to the D’Mayang are (click on the icons on the right).
[poiautomap address=”D’Mayang Condominium Jalan Mayang Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]D’Mayang[/poiautomap]
KLCC, with its modern setting and popularity, has become a sought-after address. There may be a lot of condominiums in the area, but we like D’Mayang because of its developer reputation, reasonable pricing, and its penchant for convenient living.
The advantage that older condominiums like D’Mayang has over the newer launches in KLCC is that the “speculative” component is smaller, and you’ll get more legitimate listings in the property portals. Lots of time gets wasted on fake ads, and for this reason we try to link up with the agents we know to compile listings which we know are legit. If you’d like to access this list of verified listings, then let me know. Disclaimer: I’m not an agent, and this service is free. 🙂
It may not have the “prestige” of the newer, more expensive condominiums, but if you want a fairly decent place right in the centre of Kuala Lumpur with a reasonable price tag then D’Mayang should be one of your top choices. As the price edges up to RM1,000 PSF, we think that there might be better bargains elsewhere (particularly among the Hampshire condominiums). To figure out what’s the “fair market value” for a unit here at D’Mayang, use GoodPlace.my’s “How Much Is A Property Worth?” guide – enter your details below for the digital copy of the guide to be sent to you –