The median sale at Mont Kiara, Kuala Lumpur, Malaysia is RM 1,100,000
What was once a rubber estate, Mont'Kiara has risen over the last few decades to be one of the most prosperous areas in Kuala Lumpur, with its many high-rise residential condominium and office complexes lending to its urban and elegant feel.
The brains behind the township is Datuk Alan Tong Kok Mau, the founder of Sunrise Bhd, which is now known as UEM Sunrise Bhd. He bought the first parcel of rubber estate land in the area in the early 1990s and went on to popularise condominium living in KL, starting off with Mont’Kiara Pines, which was completed in 1993.
Today, Mont’Kiara is a designated international zone with more than 20 condominium developments, exclusive bungalows and commercial and retail outlets. And after many years, Mont’Kiara is expanding northwards, closer to Segambut Dalam. For instance, developments in Segambut Dalam have begun to adopt the 'Kiara' name, such as Aston Kiara - a testament of Mont'Kiara's expansion.
With the presence of international schools and other lifestyle offerings, Mont’Kiara began to capture the attention of expatriates and cultivate a reputation as an enclave for them.
Developed with high-end concepts in mind, Mont Kiara naturally attracts the attention of the upper-class society, mainly the expatriates – who are said to populate nearly half of the neighbourhood – from over 30 countries. This comes as no surprise, as not only is the neighbourhood considered by many to be luxurious, it retains its suburban charm with its calm and picturesque scenery.
The serene atmosphere of the city is amplified by the smooth traffic as it is highly accessible by several major highways that connect Mont’Kiara to other metropolitan cities, namely Kuala Lumpur, Petaling Jaya and Subang Jaya. A mere 10 to 15 minutes’ drive to Kuala Lumpur via the Penchala Link highway, Mont'Kiara is also connected to its neighbouring cities and suburbs via SPRINT Expressway, North Klang Valley Expressway (NKVE), Federal Highway, Kerinchi Link and DUKE highways.
Exclusive, sustainable and expatriate-friendly township
Mont’Kiara developed outwards from Mont’Kiara Pines and its proximity to established neighbourhoods, such as Damansara Heights and Sri Hartamas, and green and hilly surroundings slowly turned it into an exclusive residential area.
With its commercial component and amenities, including an international educational hub, Mont’Kiara remains popular with the expatriates.
Mont’Kiara’s homes have a median price of RM1.6 million (as of mid-2019) based on residential transactions in the area over the past five years, solidying its reputation as a high-end and upscale area that attracts expatriates working in Kuala Lumpur.
Developments in Mont’Kiara typically have large built-ups but low density with ample amenities within the compound. A good example is SENI Mont’Kiara. Its transaction price has been increasing steadily yet it has been able to retain demand.
As the influx of the expatriates results in a higher demand for the properties in and around Mont’Kiara, more and more projects for condominiums and apartments are well under way, the most notable ones being The VERVE Suites, Kiara 163, Arte Mont Kiara and many more. There is definitely a good investment opportunity in Mont‘Kiara for both locals and expats, given that the neighbourhood will continue to progress and develop rapidly and attract more working professionals and expatriates.
Amenities and Facilities
The dwellers of Mont’Kiara are also privileged to live in proximity of Bukit Kiara, one of the few remaining green lungs of Kuala Lumpur, with its lush greenery, jungle trails, beautiful hills and natural streams. Bordered by Taman Tun Dr Ismail (TTDI), Damansara Heights and Mont'Kiara, this 467-acre natural beauty is said to be in the same league as New York’s Central Park. Bukit Kiara is a hot spot for nature lovers and there are plentiful activities to be had in this exquisite park, from running, jungle trekking, cycling, camping, or simply walking around the trails to admire the change of scenery after days spent in the concrete jungle.
Aside from the natural attractions, Mont Kiara is scattered with its own malls to cater to the materialistic needs of its residents, which include the area’s first mall, Plaza Mont’Kiara and 1 Mont Kiara. The most recent mall would be Kiara 163. Other malls nearby would be Solaris Mont Kiara, Masjid Wilayah and Solaris Dutamas – which houses the popular Publika Shopping Gallery.
To attend to the educational needs of the ever growing number of expatriates in Mont Kiara, there are three international schools situated around the neighbourhood, each with its own unique curriculum - The Garden International School (British curriculum), Lycee Francais de Kuala Lumpur (French curriculum) and Mont’Kiara International School (American curriculum).
Something for everybody
One of the best things about Mont’Kiara is the sheer variety of food available there. If you fancy having a steaming bowl of udon, head to Kodawari Menya Udon & Tempura in 1 Mont Kiara. Originally from Kawaga in Sanuki province, Japan — a place famous for its udon — the restaurant imports its noodles and dashi soup-base from Kawaga.
Here is something for the vegetarians — Real Food Mont Kiara, also in 1 Mont Kiara, and LN Fortunate Coffee in Solaris Mont’Kiara. Their food is packed with flavour and goodness.
For a taste of Korea, you will be spoiled for choice. Check out Sae Ma Eul BBQ and Gangnam 88 at Solaris Mont’Kiara for anything from BBQ meat to seafood pajeon (Korean pancake).
If steak is your thing, try Beato Dry Aged Beef in Solaris Dutamas and the hidden Casa Rosa, which is located in the Aspen Clubhouse within Mont’Kiara Pines. Juicy tender cuts of meat from ribeye to Waygu cooked to your liking can be found in both places.
If you fancy pizza and burgers, head to Crust in 163 Retail Park. The wood-fired dough is crispy and airy, and topped with a variety of choices. For something sinful, try the Carne pizza that has all the beef you want, or Figaro that comes with a generous topping of mozzarella and goat cheese, among others. Vegetarians fret not, there are non-meat options as well. For families with children, there is a dedicated play area where your young ones can have fun while you eat.
Also not to be missed is the newly opened Sarawak D’light Signature. The top dishes here are Sarawak Laksa and Kolo Mee.
For something distinctly Southeast Asian, The Majapahit at Arcoris Mont’Kiara in Jalan Kiara is the place. The restaurant serves modern fusion Southeast Asian cuisine such as Balinese fish satay, Thai red beef curry, Indonesian squid curry, coconut butter chicken and its signature dish, crispy flying fish. And a bonus for the instagrammers, the restaurant, even Arcoris itself, are insta-worthy.
If you are looking for a bit of family fun, take a spin around Solaris Dutamas on a bicycle on Wheelie Sunday. The inner roads are blocked off every Sunday from 7am to 10am for cycling. Do not have a bicycle? No problem, there are rentals available. Publika itself is a hive of activity, featuring art exhibitions, music festivals, food fiesta and traders market.
Speaking of markets, check out the Fiesta Night in Plaza Mont’Kiara on Thursdays. Operating from 3pm to 10pm, it offers anything from homemade soap to food.
For golfing, head to TPC KL and take a swing on its two 18-hole championship golf courses or if you prefer something indoors with a bit of learning, try the National Science Centre in Persiaran Bukit Kiara.
|Project / TownShips||Type||Median Price Psf||Median Price||Filed Transactions|
|Seni Mont Kiara||Condominium/Apartment||RM 775||RM 2,391,423||299 Transactions|
|Verve Suites||Hotel/Service Apartment||RM 1,134||RM 815,235||222 Transactions|
|Residensi 22||Condominium/Apartment||RM 831||RM 1,786,205||153 Transactions|
|Tiffani Kiara||Condominium/Apartment||RM 712||RM 1,369,011||139 Transactions|
|Kiaramas Ayuria||Condominium/Apartment||RM 690||RM 1,347,298||129 Transactions|
|28 Mont Kiara (MK28)||Condominium/Apartment||RM 746||RM 2,020,243||119 Transactions|
|Arcoris||Hotel/Service Apartment,Condominium/Apartment||RM 1,058||RM 976,509||119 Transactions|
|i-Zen Kiara I||Hotel/Service Apartment,Condominium/Apartment||RM 714||RM 761,183||110 Transactions|
|11 Mont Kiara (MK11)||Condominium/Apartment||RM 816||RM 2,713,428||105 Transactions|
|Kiaramas Danai||Condominium/Apartment||RM 821||RM 1,805,896||105 Transactions|
Rent and Sale Prices in Mont Kiara
|Bedrooms||Sale Price||Monthly Rent||Rental Yield|
|1||RM 705,382||RM 2,637||4.49%|
|2||RM 779,614||RM 3,402||5.24%|
|3||RM 1,202,245||RM 4,956||4.95%|
|4||RM 2,036,059||RM 6,885||4.06%|
|5||RM 2,991,852||RM 9,860||3.95%|
Price per Square Foot
|Sector||Price Psf (Non Landed)||Price Psf (Landed)|
|Area Average||RM 681||RM 1,032|
|State Average||RM 475||RM 508|