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DONE DEAL: Condo at Mas Kiara Residences, Taman Tun Dr Ismail, Kuala Lumpur 

Sold for: RM777,000 (RM530.75 psf)

Concluded by: Kashfi Sharifuddin (REN 00973, 012-2161512) from Reapfield Properties (HQ) Sdn Bhd

When: August 2019

Noteworthy:
- Freehold
- Malay-reserved land
- 1,464 sq ft
- Three bedrooms and two bathrooms
- Semi furnished, fully renovated unit
- Easy access to highways such as Lebuhraya Damansara-Puchong (LDP), Penchala Link, Sprint Expressway and North-South Expressway.

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The Mas Kiara Residences comprises two 16-storey blocks housing 246 units including four penthouse suites located along Jalan Datuk Sulaiman in Taman Tun Dr Ismail (TTDI), Kuala Lumpur just off the Penchala Link.

Originally conceived by Pinggir Kiara Sdn Bhd in the 1990s, it was then abandoned in 1998 with the developer folding up in 2003. Sometime in 2007, Intan Permata Properties Sdn Bhd took over and revived the project located on Malay Reserve land.

The standard units are sized from 1,281 sq ft to 1,539 sq ft and were priced from around RM345,500 onwards in 2009.

This project is highly accessible and strategically located as it is only within a 2km radius of popular shopping centres like 1 Utama Shopping Centre, IKEA Damansara and The Curve.

According to Kashfi Sharifuddin of Reapfield Properties (HQ) Sdn Bhd who concluded the deal, the buyer liked the central and strategic location which is within easy access to Damansara Perdana, Damansara Utama, Bandar Utama, and Bangsar.

“Moreover, the buyer found the renovation done on the unit very neat, up-to-date, and of very high quality,” says Kashfi, adding that this helped the buyer save some money as he need not spend on renovations.

The average asking price for Mas Kiara Residences units was around RM682,250 or RM510.72 psf based on four listings as of early November 2019 on EdgeProp.my.

Meanwhile, average rental price of nine listings is about RM2,305 per month or about RM1.85 psf.

There were five transactions last year (2018) with an average transacted price of RM660,000 or RM509 psf.

Interested to buy a unit in Mas Kiara Residences? Or click here for more property listings in Taman Tun Dr Ismail (TTDI), Kuala Lumpur. Click here to know more about Kashfi Sharifuddin and potential good deals.

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