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DONE DEAL: Condominium unit, Residensi 22, Mont'Kiara, Kuala Lumpur

Sold for: RM1.65 million (average RM878 psf)

Concluded by: Carmen Lee (REN 12639, 012-207 3989) and Chris Ng (REN 07811, 019-614 8656) of Reapfield Properties

When: August 2019

Noteworthy:
Freehold
1,878 sq ft
Four bedrooms and four bathrooms
Semi-furnished  with kitchen cabinet
Facilities: Gymnasium, half basketball court, swimming pool, meditation lawn, tennis court, multipurpose hall, children’s playground, sky deck and sky lounge at the top floor.
Nearby amenities: GDM Specialist Centre, Kiara Medical Centre, Garden International School, Mont’Kiara International School, Verve Shops Plaza Mont’Kiara, 1 Mont’Kiara and Arcoris Plaza

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Residensi 22 is a luxury condominium developed by UEM Sunrise Bhd. Built on a 5.43-acre freehold plot at Jalan Kiara 3 in Mont’Kiara, Kuala Lumpur, the project comprises 534 units spread over four 38-storey blocks. Unit built-ups range between 1,878 sq ft and 3,163 sq ft.

According to Carmen Lee from Reapfield Properties who concluded the deal with her colleague Chris Ng, Residensi 22 was handed over to owners at end-2017 and has since attracted strong buying and rental demand on the secondary market owing to its location and facilities.

“Due to the strong demand, the previous owner decided to take the opportunity to cash out. The buyer liked the project’s location behind 163 Retail Park as well as its easy access to amenities,” she said.

Although there are many choices in Mont’Kiara, the buyer chose this unit as the project was   developed by a well-established developer with good workmanship.

According to EdgeProp.my data, as at 2Q2019, Residensi 22 has recorded 12 transactions at an average price of RM1.82 million or RM834 psf. In 2018, there were 75 transactions with an average transacted price of RM1.72 million or RM823 psf.

Currently, there are 230 sales listings on EdgeProp.my, with an average asking price of RM1.92 million or RM840 psf.

Interested to buy properties in Mont'Kiara, Kuala Lumpur? Click here.

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