DONE DEAL: 11 Mont’Kiara condominium, Kuala Lumpur

Rented for: RM9,000 (RM3.32 psf)

Concluded by: Freeman Woo Chee Meng (REN 05026) (012-656 7617) of MIP Properties

When: July 2016

Noteworthy:
*Freehold
*Private lift lobby
* 2,707 sq ft, 3+1 bedrooms and four bathrooms
* Facilities: Swimming pool, gym, sauna, jogging track, Jaccuzzi, playground, tennis and squash courts
*Nearby amenities include Mont’Kiara International School, Plaza Mont’Kiara, 1 Mont’Kiara and Solaris Mont’Kiara

11 Mont’Kiara, which is also known as MK 11, is a six-star luxury condominium developed by Sunrise Bhd (now known as UEM Sunrise Bhd).

It comprises five blocks of 43-storey residential towers with a total of 339 units with built-ups ranging from 2,707 to 6,725 sq ft.

According to MIP Properties senior negotiator Freeman Woo Chee Meng, there are only two units per floor served by private lifts. This attracts people who want a more private living space.

He said this fully furnished, 2,707 sq ft unit is rented out to an expatriate from Norway who works in the oil & gas industry. He will be moving in with his family.

“The tenant likes the interior design of the unit and the overall design of the condominium as well as the facilities offered by MK 11,” Woo explained.

Woo noted that the monthly rental of a 2,707 sq ft unit here ranges from RM9,000 to RM10,000, while a 4-bedroom unit could fetch a monthly rental of about RM11,000.

Based on 130 listings from TheEdgeProperty.com, the average asking monthly rent at this development is around RM12,523, or RM3.59 psf, putting the indicative asking rental yield at about 5.3%.

Interested to rent 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]