sold for

RM1.2 million (RM1,295.89 psf)

DONE DEAL: Serviced residence at Arcoris Mont'Kiara, Kuala Lumpur

Concluded by: Catherine Wong pro agent (PEA 2869)
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Arcoris Mont’Kiara is a mixed development by UEM Sunrise Bhd. Situated on a six-acre land off Jalan Kiara, the development consists of two blocks of 18 and 35 storeys that are linked by a landscaped central plaza.

The serviced residences (Arcoris Residences) occupy one of the blocks with unit built-ups ranging from 850 to 2,000 sq ft.

According to Catherine Wong Chui Mei of Kith and Kin Realty Sdn Bhd, who concluded the sale, it was love at first sight for the buyers.

“The unit is well-designed with sufficient sunlight and good views of the Villa Mont’Kiara bungalows,” she enthused, adding that the buyer bought it for investment purposes. The unit was already tenanted by a Japanese expatriate on a two-year corporate tenancy.

She said overall, both buyer and seller were happy with the transacted price. She added that the owner had to let go of the unit at a lower price due to undisclosed reasons.

Based on data from EdgeProp Research as of end-June 2021, there were five units of Arcoris Mont’Kiara sold in 2020 at an average price of RM1,176,000 or RM1,116 psf. In 2019, 34 units exchanged hands at an average price of RM1,048,525 or RM1,075 psf.

As of mid-July, there were 61 for-sale listings with an average asking price of RM1,441,218 or RM1,105 psf. For rental, there were 137 units with monthly asking rents ranging from RM2,200 or RM4 psf (496 sq ft) to RM11,500 or RM5 psf (2,308 sq ft).

Interested to buy a unit in Arcoris Mont’Kiara? Or click here for more property listings in Mont'KiaraClick here to know more about Catherine Wong and potential good deals.

Planning to buy or sell a home? With EdgeProp's FREE transacted price tool, you can check past transaction prices for any property by name or area and make an informed decision.

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