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DONE DEAL: Arcoris Soho in Mont’Kiara, Kuala Lumpur

Rented for: RM4,000 (Average RM3.93 psf)

Concluded by: Gwen Chan (REN 27371, 012-732 1113) and Ooi Shih Jin (REN 24497, 014-637 6359) of MIP Properties

When: January 2019

Noteworthy:
Freehold
Built-up: 1,019 sq ft; 2+1 bedrooms and 2 bathrooms
Facilities: One swimming pool and a wading pool, sauna and steam room, gymnasium, outdoor theatre, barbeque area, pockets garden with reflexology paths and water feature, innovative meeting pods, two meeting rooms that can fit up to 16 persons, shops and restaurants and shuttle bus service to neighbouring retail centres.
Nearby amenities: Around 300m from Plaza Mont’Kiara and 1 Mont’Kiara, about 1.7km to Solaris Mont’Kiara, around 1km away from GDM Specialist Centre, about 400m away from Mont’Kiara International School and 1km to Garden International School.

* DONE DEAL: 3-1/2-storey link house at Empire Residence, Damansara Perdana, PJ

* DONE DEAL: Two adjoining 1½-storey terraced factories, Taman Perindustrian Bukit Serdang, Selangor

Sprawled over a six-acre freehold plot, the 1.5 million sq ft Arcoris Mont’Kiara is a mixed development comprising five components: Business suites, Soho, serviced residence, retail and hotel.

Arcoris Soho is part of the Arcoris Mont’Kiara which offers 366 Soho units over 25 storeys with built-ups ranging from 500 sq ft to around 1,000 sq ft.

Gwen Chan of MIP Properties, who concluded the deal, said Mont’Kiara is always one of the most sought after locations especially for those who are looking for lifestyle living.

“The tenant liked the unit because it is fully furnished with nice interior design. Besides, there was the convenience of the retail component and the easy accessibility to all kinds of amenities within walking distance.

All these motivated the tenant to rent this unit,” added Chan.

The unit is among the bigger units with a built-up of 1,019 sq ft. The rent of RM4,000 a month (average of RM3.93 psf) is close to the average market rate of RM4 psf.

Another unique selling point of Arcoris Soho is that the development offers meeting room spaces that accommodate up to 16 people. This facility complements the home offices in terms of meeting space.

Based on 47 property listings on EdgeProp.my as at May, the asking price for Arcoris Soho is around RM1,033 psf.

Meanwhile, based on 189 rental listings, the average asking monthly rent of the units are RM3,148 or RM4.31 psf.

Interested to buy properties in Mont'Kiara, KL? 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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