DONE DEAL: Unit at 11 Mont'Kiara, Kuala Lumpur
Sold for: RM3.28 million (RM886.24 psf)
Concluded by: James Lai (PEA 1933) (016-311 6092) of Property Hub Sdn Bhd
When: February 2020
Noteworthy:
● Freehold
● Built-up: 3,701 sq ft
● Semi-furnished high-floor unit
● 5 bedrooms and 6 bathrooms
● Facilities: 24-hour security and card access system, centralised air-conditioning, CCTV monitors, covered parking, reception lobby, reflexology path, garden and jungle walk, gymnasium, sauna, swimming pools, badminton court, squash court, tennis court, half basketball court, sky lounges and terrace as well as one poolside barbeque area
● Nearby amenities: Mont’Kiara International School (about 500m away), Solaris Mont’Kiara (about 1.6km), 1 Mont’Kiara and Plaza Mont’Kiara (700m)
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The 6.7-acre 11 Mont'Kiara (MK 11) is a luxury condominium located at Jalan Kiara 1, Mont’Kiara, Kuala Lumpur. This freehold development comprises five 41-storey towers housing 339 units with built-ups from 2,707 sq ft to 6,725 sq ft.
According to Property Hub agent James Lai who concluded the deal, residents at 11 Mont'Kiara enjoy panoramic views of Kuala Lumpur city centre.
“The unit sold was nicely renovated and is on the 29th floor. It was previously rented out for RM15,000 a month,” Lai said.
The buyer chose this unit as it needs no renovations and he liked its simple and elegant interiors. On top of that, the new owner was taken in by the nice postcard view of KL city from the living room.
EdgeProp.my data showed that a total of six units in 11 Mont'Kiara were transacted in 2019, with an average price of close to RM2.67 million or RM783 psf.
Based on 62 property listings on EdgeProp.my, the asking price for 11 Mont'Kiara was RM3.2 million or RM860 psf as at end-May 2020.
Meanwhile, based on 54 rental listings, the average asking monthly rent of the units are RM13,167 or RM3.34 psf.
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