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, SoHos (Small-office Home-office), serviced residences, retail and hotel.
There are 366 SoHo units in the development with built-ups ranging from 500 sq ft to 1,000 sq ft.
Kith and Kin Realty Sdn Bhd real estate negotiator Catherine Wong who recently concluded a SoHo unit here in Arcoris Mont Kiara shared that the buyer was buying the unit for the location, while the owner was selling as he did not want to manage the property anymore.
She added that the buyer also liked the unit for good overall maintenance and the project is a rather young development in the area as it was just completed three years ago.
Wong deemed it a good deal for the buyer as the property was sold slightly below the market price.
“This unit was sold at a good price because it is located at the high floor and well furnished. The average transacted price of similar units was around RM680,000 to RM700,000 and the average asking price was ranging from RM680,000 to RM750,000,” Wong commented.
According to EdgeProp Research, three units were sold in 2020 at an average transaction price of RM990,000 or RM1,116 psf compared to 34 units that changed hands in 2019 at an average transacted price of RM1.04 million or RM1,075 psf.
As at December 2020, 11 units were listed for sale on EdgeProp.my with an average asking price of RM807,273 or RM1,069 psf. Meanwhile, there were 21 rental listings with an average asking monthly rental of RM3,317 or RM4.29 psf.
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