Accomodation in Mont Kiara

One of the most sought after and affluent neighborhoods in KL, properties in Mont Kiara have seen tremendous appreciation in their values over the last few years. Because of the extraordinary yield Mont Kiara has generated, many locals and foreigners have invested and purchase properties in this exclusive area before the global financial crisis.

Even today, development in Mont Kiara is going on at a feverish pace. There are numerous new and up coming condominiums available for purchases as well as for rental. Depending on the grade of the property in question, prices range from $128 (USD) per square foot to $257 (USD) per square foot. Rental prices range from $0.85 per square foot to $1.15 per square foot.

Sunrise Bhd

The award winning pioneer developer, Sunrise Bhd has the largest repertoire of condominiums on offer. Up to today, Sunrise Bhd has constructed over 4000 units of exclusive high rise condominiums in Mont Kiara.

Some of their completed projects include:

  • Mont Kiara Aman
  • Mont Kiara Astana
  • Mont Kiara Bayan
  • Mont Kiara Bayu
  • Mont Kiara Damai
  • Mont Kiara Palma
  • Mont Kiara Pines
  • Mont Kiara Sophia

The new and upcoming projects launched by Sunrise Bhd include:

  • Mont Kiara Meridin
  • 10 Mont Kiara
  • 11 Mont Kiara
  • 28 Mont Kiara

Ireka Corp

Another notable developer in the Mont Kiara to watch for is Ireka Corp Bhd. The Ireka corporation is the creator of the i-Zen brand of properties which is based on a 5S mantra, Style, Service, Security, Sophistication and Soul. The result of such a philosophy is properties which embellishes the art of fine living. Some of the completed projects by Ireka Corp and its subsidiaries include:

  • i-ZEN@Kiara I
  • i-ZEN@Kiara II
  • Kiaraville

Current projects under development which are under the management of Ireka Corp include:

  • Tiffani by i-ZEN
  • One Mont Kiara
  • SENI Mont Kiara

For those who prefer landed properties to high rise condominiums, there are also several projects to choose from. Landed properties at Mont Kiara can be bungalows, semi- detached houses or linked houses. Choices of landed properties in the Mont Kiara area can be found at the following projects below:

  • The Residence@ Mont’ Kiara
  • i-ZEN@Villa Aseana
  • Mont Kiara Peak
  • Villa Mont Kiara
  • Flora Murni
  • Duta Tropika
  • Duta Nusantara
  • Bukit Kiara Residence
  • Kiara Hills

Most of the communities are gated and have perimeter CCTV as well as guards patrolling the perimeter.

Unlike in the UK or US, high end properties prices in Malaysia are not likely to drop very much. Even in the downturn, most is just likely to stay stagnant. Fire-sale properties are quite uncommon for newly built properties. Investors hoping for bargains are advised to look at older units if they are shopping for properties that will be marked down. Having said so, even bargains as a result of the global financial crisis will be difficult to find as Malaysia banking system are not geared toward sub prime mortgage clients.

Most of the owners of these high end properties have “holding power” and will not be tempted to sell their properties at substantial losses. At best, one can only hope for a reduction of 10% to 20% in asking rental due to the global financial crisis.

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