DONE DEAL: Kiaraville condominium at Mont'Kiara, Kuala Lumpur

Sold for: RM1.4 million (RM733 psf)

Concluded by: Lee Jia Ying (REN 19436) (014-337 8203) and Freeman Woo Chee Meng (REN 05026) (012-656 7617) of MIP Properties

When: July 2016

 Noteworthy:
• Freehold
• In Changkat Duta Kiara, Mont’Kiara
• 1,909 sq ft
• 3+1 bedrooms and three bathrooms
• Facilities include a swimming pool, barbecue area, jogging track, squash court, tennis court, wading pool, sauna and playground
• Opposite Solaris Mont’Kiara, close to commercial areas such as Plaza Mont’Kiara, Publika and One Mont’Kiara; and international schools such as Garden International School

Kiaraville is located at one of the highest points of Mont’Kiara, offering residents panoramic views of the Kuala Lumpur city skyline.

The 6.7-acre luxury condominium comprises six residential towers housing 404 units with built-up sizes ranging from 1,595 sq ft to 3,500 sq ft.

According to the negotiator, Lee Jia Ying from MIP Properties, Kiaraville is an exclusive condominium as every floor only has four units, which is suitable for residents seeking bigger units with more privacy.

Lee said Kiaraville was launched in 2005 and the selling price back then averaged RM400 psf.

The deal was concluded with a price tag of RM1.4 million or RM733 psf.

According to data from TheEdgeProperty.com, 17 units were sold at an average price of RM1,540,125, or RM661 psf, last year.

Based on 56 listings from TheEdgeProperty.com, the average asking monthly rent is RM7,043, or RM3.25 psf, putting the indicative asking rental yield at about 5.9%.

Interested in property investments in Mont’Kiara after reading this article? Click here to check out the properties there.

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