Mont Kiara Palma

  • Property Type
    Condominium/Apartment
  • Tenure
    Freehold
  • Street Name
    Jalan 1/70C, Off Jalan Bukit Kiara
  • District / Planning Area
    Mont Kiara
  • Completion
    1994
About Mont Kiara Palma

Mont Kiara Palma is an award-winning condominium developed by Sunrise (now known as UEM Sunrise Bhd) located in the heart of Mont’Kiara. In 2007, the development was voted as the “Condo Champ” and received top honours in the Beauty and Cleanliness Condominium category from the local city council (DBKL). A resort-like ambience complemented by a 54,000sq ft man-made lake surrounds the condo, fringed with landscaped footpaths. Residents need not travel far to enjoy a tropical paradise with features such as stone platters, water lilies, giant pandanas, coconut trees, birds of paradise and other varieties of flora and fauna. Built in 1994, the condo is mainly inhabited by expatriates, which is no surprise when it comes to this vicinity. Living in Mont Kiara has its perks such as the convenience of walking to nearby amenities such as international schools, cafes, fast food joints and various eateries, entertainment outlets, a medical centre and lots more. Strategically located right in the centre of Mont Kiara, this condominium is served with the best of what the vicinity has to offer. Neighbourhood malls such as Solaris Mont Kiara, Solaris Dutamas, Hartamas Shopping Centre and 1 Mont Kiaraare all within walking distance. Mont Kiara Palma is well-connected via networks of highways and prime roads including Sprint Highway, New Klang Valley Expressway (NKVE), Penchala Link, Kerinchi Link, Jalan Duta, the Duta-Ulu Kelang Expressway (DUKE) and the Federal Highway. For convenient commuting, Rapid KL buses and city taxi services frequent the area. The neighbourhood is also served by three international schools, namely the Mont Kiara International School, Garden International School and French International School KL. For recreational and sports activities, there are KLGC and KGPA golf clubs, Bukit Kiara Equestrian Club, Royal Selangor Club and the 470-acre Bukit Kiara Public Park located within close proximity. Like many older developments in the locale, Mont Kiara Palma’s exterior is showing signs of aging and it requires a fresh coat of paint and maintenance upkeep. However, what has not been affected much are its gardens and greenery, which has remained preserved in a resort-like ambience. The development is suitable for families, retirees and empty nesters because of its tranquil environment along with an abundance of conveniences nearby. Conservationists will be pleased to know that Mont Kiara Palma advocates eco-friendly practices by placing recycling bins in the refuse room of each floor. The development, albeit its age, is able to fetch rentals of RM2,900 as at end-2016, which is deemed amongst one of the few affordable options within Mont Kiara. The units offered below RM1 million are an appealing option for those who want to buy into this affluent neighbourhood but is on a budget. The one drawback is traffic congestion, a common problem faced by residents of the vibrant Mont’Kiara enclave.

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Profitable Transactions (Limited to 5 Total of 10 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
22 Nov 1329 Apr 191,281 ft²781703100,0002
09 Oct 1713 Feb 191,206 ft²830697160,00013.8
22 Jun 1228 Dec 181,206 ft²705514230,0005
18 Nov 1329 Oct 181,389 ft²699609125,0002.8
05 Oct 1515 May 181,281 ft²78171090,0003.7

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 5 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 3 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
30 Jun 1622 May 181,389 ft²612627-20000-1.2
06 Mar 1202 Jun 163,218 ft²559559--
20 Apr 1527 Apr 151,281 ft²662675-17000-64.5

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

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