DONE DEAL: Tiffani Kiara, Mont’Kiara, Kuala Lumpur

Sold for: RM1,200,000 (RM748psf)

Concluded by: Raphael Wong of Real Estate Finders (016-233 5485)

When: April, 2015

Noteworthy:
* 1,604 sq feet
* 3+1 bedrooms, 3 bathrooms
* Freehold
* Developed by Ireka Corp Bhd
* Completed in 2009
* 2 blocks
* 399 units
* Block A (9 units per floor), Block B (3 units per floor)
* Mid floor
* Stunning view of KLCC
* Fully furnished
* 2 car parks
* 0.2km to Solaris Mont'Kiara
* 1km to Solaris Dutamas (Publika)

According to the agent, the selling price for this unit is in line with the market price of RM730 to 750psf, depending on the property condition, level and view. It has a potential rental of between RM5,000 and RM6,000 per month and maintenance fee of RM0.30psf. 

Due to the location of the condominium and building quality, the agent commented that demand for Tiffani Kiara remains robust.

According to data from theedgeproperty.com, there were five Tiffani Kiara transactions with an average price of RM652psf or RM1,584,500 in 3Q2014 for built-up areas of between 1,615 and 3,627 sq ft.

In 3Q2013, nine transactions of units between 818 and 3,724 sq ft were recorded at an average price of RM652psf or RM1,449,944.

Data from theedgeproperty.com showed that the average asking monthly rent in Tiffani Kiara is RM5,273 or RM4.01psf (4Q2013 to 3Q2014), with an indicative asking rental yield of 7.3%.

Based on the available listings on theedgeproperty.com, the latest range of asking prices for Tiffani is between RM1,000,000 to RM2,400,000 (July 2015 to September 2015)

The agent said a few comparable properties in the area would be Kiaraville with a transacted price of RM1.28 million on March, 2015 (1,873 sq ft); Lumina Kiara, RM1.1 million transacted on October, 2014 (1,448 sq ft); and Mont'Kiara Meridin, RM1.3 million transacted on March, 2015 (1,787 sq ft).

Editor: To real estate agents -- if you have concluded an interesting deal recently, we would love to hear from you! Contact us at [email protected].