Sold for: RM690,000 (RM548 psf)
When: December 2019
● Built-up: 1,259 sq ft
● 3 bedrooms; 2 bathrooms
● Fully furnished unit
● Facilities: tennis court, gym, mini market, sauna, swimming pool and BBQ area.
● Amenities: Walking distance to Garden International School and VERVE® Shops Mont’Kiara, around 1km from Plaza Mont’Kiara and around 2.7km from Solaris Mont’Kiara
● Easy access to the Sprint Expressway, Jalan Segambut Dalam and North-South Expressway
Completed in 2007, the 3-acre Kiara Designer Suites is a freehold residential development offering 324 serviced apartments and 14 Cabana suites on the recreational deck level.
Kiara Designer Suites is attractive to buyers and tenants because of its strategic location opposite the Garden International School.
Ashley Haw from Kith and Kin Realty who co-broke the deal, said the previous owner had purchased the property for his daughter but decided to let go of the unit after his daughter moved overseas to further her studies.
“The buyers were looking for investment opportunities in Mont’Kiara and this unit met their requirements for a unit in a good location with stable rental demand.
The fully furnished unit comes with water heaters, air-conditioners, kitchen hood and hob, wardrobes and furniture. The new owners need not spend a single sen and the unit is ready for moving-in or to be rented out,” Haw noted.
EdgeProp.my data showed that there were six transactions concluded in 2019 at an average selling price of RM685,000 or RM542 psf.
From 2015 to 2018, there were 154 units that changed hands at average prices ranging from RM567 and RM669 psf.
As at mid June 2020, there were 29 sales listings on EdgeProp.my asking for an average price of RM729,310 or RM613 psf.
As at June 2020, there were 15 rental listings on the property portal, monthly asking rental averaged RM2.51 psf.
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