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

Sold for: RM657,000 (RM884.25 psf)
Concluded by: Chong Teck Seng (REN 05043) of MIP Properties (012-873 1283)
When: July 2016

Noteworthy:
● Freehold
● 743 sq ft
● 1 bedroom and 1 bathroom
● Fully furnished
● On the 25th floor
● Swimming pool and gym
● A three-minute walk to Verve Shops and a seven-minute walk to Desa Sri Hartamas
● Accessible via New Klang Valley Expressway (NKVE), Penchala Link and Kerinchi Link
● About a 15-minute drive to Kuala Lumpur city centre

Gateway Kiaramas Residence is a mixed development in Mont’Kiara, bordering Desa Sri Hartamas.

The freehold development comprises a serviced apartment and a corporate office tower developed by Asia Quest Holdings and completed in January 2010.

The 30-storey serviced apartment has 168 units, with built-ups ranging between 743 sq ft and 3,563 sq ft.

Commenting on the sale, the agent who concluded the deal, Chong Teck Seng of MIP Properties, said Gateway Kiaramas Residence offers the biggest 1-bedroom units in Mont’Kiara.

He said it is difficult to find large 1-bedroom units in the area that are below such an attractive pricing.

“At below RM700,000, one can get a decent 700 sq ft unit at Gateway Kiaramas Residence,” he said.

Chong pointed out that the buyer of the unit is a young professional who currently works in Mont’Kiara.

The buyer is able to enjoy great views of Kuala Lumpur from the high-floor unit.

According to data from TheEdgeProperty.com, the average asking price for units at Gateway Kiaramas Residence is RM690 psf. The monthly rent is RM3.61 psf with an indicative rental yield of 6.29%.

Interested to buy properties in Mont’Kiara? Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]