Mont’Kiara Damai Resort

Sold for: RM2.25 million (RM738 psf)

Concluded by: Lynette Siow (REN 15642) (016-372 8305) and Jerro Loh (E 2417) (012-281 2078) from J Maison Realtor

When: October 2017

Noteworthy:
● Freehold
● Built-up of 3,050 sq ft
● High floor, facing north east direction
● 4+1 bedrooms and 4 bathrooms
● Partly furnished with built-in wardrobe and kitchen cabinets
● Unblocked view of KLCC and Mont’Kiara

Mont’Kiara Damai Resort is one of the least dense condominium developments in Mont’Kiara, Kuala Lumpur, with only 230 units on over eight acres of land, according to one of the brokers, Jerro Loh, who concluded a deal in Mont’Kiara last October.

“Mont’Kiara Damai Resort is one of the most sought-after projects in the area for its density, Balinese resort theme and full-fledged facilities. Despite the slowdown, transaction prices at Mont’Kiara Damai units have been growing steadily over the past two years,” said Loh.

He said both the seller and purchaser are locals. The seller is downgrading to a smaller home, while the purchaser is buying for own stay with his family.

“The buyer likes the unit as it is located at the high floor with spectacular KLCC and Mont’Kiara skyline views. He is also happy with the good condition of the unit and the tasteful interior design done by the previous owner,” Loh noted.

He said the average transaction price for similar sized bare units in Mont’Kiara Damai is at RM2 million to RM2.1 million.

“This deal closed at RM2.25 million. It seems to be above the market price but do consider that it is partly furnished, in good condition and the previous owner hired an interior designer to design the home. It is in move-in condition.”

According to EdgeProp.my data, in the past year, the average transaction price and rental are RM624 psf and RM2.91 psf per month, respectively. It has an indicative rental yield of 5.69%.

As at Jan 24, the asking price at Mont'Kiara Damai ranges from RM617.28 psf to RM998.84 psf, while the asking rental ranges from RM2.50 psf per month to RM3.52 psf per month. 

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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