Suria Jelatek Residence is in the busy area of Ampang Hilir, Kuala Lumpur, Malaysia.

It is developed by Almaharta Sdn Bhd, a respected builder known for quality homes. The condo was finished in 2010.

It has different types of units, including:

Studio apartments
One-bedroom units
Two-bedroom units
Three-bedroom units

Units range from about 800 sq ft to 1,400 sq ft, catering to various living needs.

The development is close to Kuala Lumpur’s public transport, with the Jelatek LRT station nearby. It also has easy access to major highways for better connectivity.

Sub-sale Market Analysis

1. Transaction Prices

The median transacted price for Suria Jelatek Residence is RM467,500 with a median price per square foot of RM336[5].
Recent transaction prices range from RM450,000 to RM500,000 for units between 1,087 sq ft to 1,421 sq ft[5].
The current market price range is estimated at RM430,000 to RM550,000[1][3].
Price per square foot ranges from approximately RM258 to RM495[3].

2. Rental Prices

Monthly rental rates range from approximately RM1,830 to RM2,895[3].
Rental rates per square foot are around RM1.44 to RM2.04[3].
Some recent rental listings show:
- Medium rooms renting for RM770-780 per month
- Master bedrooms renting for RM990-1,050 per month
- Full units renting for RM1,500-2,000 per month for 1,420 sq ft units[2][7]

3. Market Analysis

The rental yield for Suria Jelatek Residence is around 5.67% as of 2023, up from 3.9% in Q1 2023[1].
There has been a -15.86% capital depreciation for this property[3], indicating declining property values.
It remains a relatively affordable option in the Ampang Hilir area compared to neighboring luxury condominiums[9].
Key factors affecting the property’s value include:
- Leasehold status with approximately 70 years remaining as of 2011
- Excellent location near LRT station and city center
- Issues with corridor flooding and traffic congestion[9]
The overall residential market in Kuala Lumpur saw a slight decline of 2.7% in transaction volume in 2023 compared to 2022[4].