Sold for: RM956,000 (RM1,066 psf)

Concluded by: Catherine Wong (REN 23091, 019-663 3377) and Freeman Woo Chee Meng (REN 05026, 012-656 7617) of MIP Properties

When: September 2018

Noteworthy:
● Freehold
● Corner unit
● Built-up: 896 sq ft, two bedrooms and two bathrooms 
● Partly furnished with kitchen cabinet and appliances, built-in wardrobe, water heater and air-conditioning.
● Facilities: Covered parking, swimming pool, wading pool, tennis court, badminton court, business centre, thematic gardens, concierge service, gymnasium and function room.
● Nearby amenities: Around 300m from Plaza Mont’Kiara and 1 Mont’Kiara, about 1.7km to Solaris Mont’Kiara, around 1km away from GDM Specialist Centre, about 400m away from Mont’Kiara International School and 1km to Garden International School.

Arcoris Residences (located along Jalan Kiara, the main road of Mont’Kiara) is the latest offering by UEM Sunrise Bhd. It was completed and handed over in phases since mid-2017.

The residences are part of the Arcoris Mont’Kiara freehold mixed development comprising two towers – one 35-storey and one 18-storey block – which has five components including serviced residences, Soho units, business suites, hotel and retail.

Arcoris Residences is located at the 18-storey tower, also known as Northern Tower, offering 331 serviced residences with choices of two-bedroom and three-bedroom units.

According to MIP Properties negotiator Catherine Wong, who concluded the deal, Mont’Kiara is a popular destination for the expatriates who are looking for long-term homes in Malaysia for its proximity to the city centre and easy access to various amenities.

“The purchaser is an investor looking for rental income. They decided to purchase the unit for its strategic location and reasonable price,” she said.

She added that Arcoris Residences, which is situated between Villa Mont’Kiara and Plaza Mont’Kiara, is now fetching an average rental of around RM4,500 for a 896 sq ft and fully furnished units.

In this deal, the purchaser bought the 896 sq ft two bedroom unit at a lower floor with a price tag of RM956,000 or an average of RM1,066 sq ft.

EdgeProp.my transaction data showed that a total of 10 units in Arcoris Residences were transacted in 2017, with an average price of RM932,750 or RM1,033 psf.

Based on 106 property listings in EdgeProp.my (as at Nov 22), the asking price for Arcoris Residences is RM1.32 million or RM1,124 psf.

Meanwhile, based on 231 rental listings, the average asking monthly rent of the units are RM4,224 or RM4.44 psf.

Interested to buy properties in Mont'Kiara, KL​? 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]