DONE DEAL: Kiaramas Ayuria condominium at Mont’Kiara, Kuala Lumpur

Sold for: RM1.23 million (RM714 psf)

Concluded by: Ho Chan Foong (REN 20362) (016-595 7752) and Freeman Woo Chee Meng (REN 05026) (012-656 7617) of MIP Properties

When: October 2016

Noteworthy:
● Freehold
● Built-up: 1,722 sq ft
● 3+1 bedrooms
● Mid-high floor with lush green unblocked views
● Fully furnished
● Facilities: 520-foot-long winding landscaped water feature around the towers, two lap pools, squash court, two indoor badminton courts, two tennis courts and two playgrounds
● Nearby amenities: international schools, Plaza 1 Mont’Kiara, Solaris Mont’Kiara and Desa Sri Hartamas business hub

Situated 470ft above sea level, the 9.15-acre Kiaramas Ayuria in Mont’Kiara is a boutique development by Asia Quest Holdings.

Launched in 2006, the freehold development comprises 480 condominium units housed in three 35-storey towers. The built-ups range from 1,600 sq ft to 4,000 sq ft (penthouse units).

According to MIP Properties’ Freeman Woo, one of the impressive features of Kiaramas Ayuria is the 520-foot-long winding landscaped water feature that meanders around the towers, making a significant impression on visitors.

“The mid-level unit has a nice unblocked view of the forest. The unit is also well maintained and that attracted the buyer’s attention,” he said.

He considers this a good deal for both buyer and seller as the selling price is slightly below the current market asking price while the seller has enjoyed good capital appreciation over the years of holding the unit.

Woo and Ho Chan Foong from MIP Properties have concluded the deal with a selling price of RM1.23 million or RM714 psf.

Ho said the easy accessibility to major hubs in the Klang Valley is another advantage of Kiaramas Ayuria as it is about 13km away from KLCC, 10km away from Bandar Utama and about 22km away from Subang Airport.

According to data from TheEdgeProperty.com, the transaction price (psf) of Kiaramas Ayuria has been rising over the years. Transactions in the first quarter of 2016 (1Q2016) reached an average price of RM780 psf, compared with RM711 in 1Q2015.

The available listings show that the average asking rents at Kiaramas Ayuria range between RM2.50 to RM3 psf. The indicative asking rental yield is about 5%.

Interested to buy properties in Mont’Kiara? Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]