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DONE DEAL: Serviced apartment at Gateway Kiaramas, Mont’Kiara, Kuala Lumpur

Sold for: RM690,000 (RM928.66 psf)

Concluded by: Kevin Teh (REN 02206) of Propstar Realty (013 5557333)

When: April 2019

Noteworthy:

  • Freehold​
  • Built-up: 743 sq ft
  • 1 bedroom, 1 bathroom
  • Fully-furnished unit
  • High floor location
  • Surrounded by major highways like Penchala Link, North-South Expressway and Sprint Highway

Gateway Kiaramas is a high-rise mixed development by Asia Quest Holdings Sdn Bhd which also developed other Kiaramas-branded projects in the Mont’Kiara area.

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It comprises one 30-storey residential block and one 11-storey commercial block. Built-up sizes for the serviced apartment units range from 743 sq ft to 3,563 sq ft.

Mont’Kiara is surrounded by major highways like the Penchala Link, Sprint Highway, Jalan-Duta and North-South Expressway while there are myriad amenities at Plaza Mont Kiara, Hartamas Shopping Centre, Gardens International School, restaurants, cafes and others.

According to Kevin Teh, the spokesperson of Propstar Realty, the buyer reckoned that this residential unit was the best value among the properties he was considering.

This is attributed to its beautiful interior design and furnishing, and so the buyer was willing to pay a price above the average market value. “This unit has been sold at a benchmark price above the market value,” Teh told EdgeProp.my.

Based on EdgeProp.my data as of mid-November 2019, there were 14 for-sale listings and similarly-sized units (743 sq ft) which showed an average asking price of RM627,500 or RM844.55 psf. There were three transactions in 2Q2019 sold at an average price of RM671,378 or RM 792 psf. Meanwhile, there were 25 rental listings (as of November 2019) with an average asking rental of RM3,224 per month or RM3.17 psf. The indicative rental yield is 4.49%.
 

Interested to buy a unit in Gateway Kiaramas? Or click here for more property listings in Mont'Kiara, Kuala Lumpur. Click here to know more about Kevin Teh and potential good deals.

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