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Sold for: RM2 million (RM738 psf)
Concluded by: May Hwa (REN 02007) of Reapfield Properties Sdn Bhd (017-249 1112)
When: Feb 2016
Noteworthy:
● Freehold
● 2,707 sq ft
● Partly furnished
● Mid-floor unit
● 4 bedrooms and 4 bathrooms
● First Malaysian high-rise development to be awarded the Green Mark from the Building & Construction Authority (BCA) of Singapore
The 6.7-acre 11 Mont’Kiara (MK 11) is a high-end condominium located at Jalan Kiara 1, Mont’Kiara, Kuala Lumpur. This freehold development comprises five 41-storey towers of 339 units with built-ups between 2,707 sq ft and 6,725 sq ft. Facilities include the Woodland Garden and jungle walk, gymnasium, sauna, swimming pools and tennis court.
According to the negotiator, May Hwa from Reapfield Properties, when MK 11 was launched in 2008, the selling price averaged RM726 psf.
The transacted price of MK 11 currently ranges between RM1.9 million and RM2.2 million.
This deal was concluded with a price tag of RM2 million or RM738 psf.
According to data from TheEdgeProperty.com, there were 16 units sold at an average price of RM2,429,825 or RM800 psf last year.
Based on 130 listings on TheEdgeProperty.com, the average asking monthly rent is RM12,523, or RM3.59 psf, putting the indicative asking rental yield at about 5.3%.
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]
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