Mont' Kiara Properties

13/10/2022

The national budget tabled by the Ministry of Finance unveiled a total expenditure of RM372.3 billion in 2023.

Here are some of the highlights you must know for the real estate sector.

13/10/2022

For Sale: SOLARIS DUTAMAS
A Beautifully Furnished 1,060sf High Floor Unit
Asking price RM1,180,000 neg.

• BU size 1,060sf
• 2 bedrooms
• 2 bathrooms
• High floor
• Fully furnished with quality furniture and elegant interior design
• Fully equipped with Smart TV, washing machine, dryer, refrigerator, etc.
• Balcony with National Palace view
• Comes with 1 carpark bay
• Excellent condition

PM to view! 📩

13/10/2022

Miranda Hill by BRDB will offer 552 units in two towers: the 37-storey Tower 1 and 35-storey Tower 2. Sitting on a 7.84-acre parcel perched 40m above road level, Miranda Hill is the second project or phase on the originally 11-acre parcel - the first phase being Verdana that was completed in 2014.

Accessible via Jalan Segambut that is currently being widened, the upcoming MRT3 Circle Line station nearby will be completed in 2030. The Bukit Segambut MRT station will be within 500m walking distance of Miranda Hill’s second access.

Coming up on a green hillock in Segambut, also known as North Kiara, Kuala Lumpur, is BRDB Developments Sdn Bhd’s latest project — Miranda Hill. The freehold condominium, which has a gross development value (GDV) of RM600 million, will offer 552 units in two towers: the 37-storey Tower 1 and 35-...

23/05/2022

🔥🆕️ URGENT SALE!! Condominium @ | Asking RM4xx psf neg. 🔥

• BU Size 1,098sf • 3R/2B/1CP
• Very high floor • Fully furnished
• Clean & well-kept • Move-in condition

PM for viewing/more info! 📩

12/05/2022

Conceptualised as a bungalow in the sky, Allevia is one of UEM Sunrise Bhd’s most recent luxury projects. The development, with its two 38- and 43-storey low-density towers, sits on one of the last remaining parcels of vacant land in Mont’Kiara, Kuala Lumpur, and has a dedicated access to Jalan Kiara 4.

Allevia, which occupies a 2.94-acre freehold parcel, is scheduled for completion in the first quarter of 2025. There will be a total of 294 residential units, with prices starting at RM1.5 million. They will come in 3+1, 4+1 and 4+2-bedroom layouts and have built-ups ranging from 1,703 to 2,634 sq ft.

The layouts are luxurious and spacious due to its distinctive living and dining areas, open-plan dry kitchen and breathtaking views of the Mont’Kiara skyline; while the development itself is designed with sustainability in mind, by efficiently incorporating energy- and water-saving features while reducing our carbon footprint. It will also be the first condominium in Mont’Kiara to feature a touchless button lift system, where residents will have the option of scanning the QR code on their mobile devices to call for the lifts which will then bring them to their respective floors.

Allevia will feature a 0.9-acre podium deck with facilities such as a 50m lap pool, whirlpool bath, open lawn, barbecue area, games room, music room and multigenerational playground. There will also be rooftop facilities including a cycling studio, karaoke room, sky terrace, gymnasium and a private lounge area.

Towers A and B of UEM Sunrise Bhd’s Allevia, which were launched in October 2021 and October 2020 respectively, are 50% and 71% taken up. The development sits on one of the last remaining parcels of vacant land in Mont’Kiara, Kuala Lumpur, and has a dedicated access to Jalan Kiara 4.

25/04/2022

In a statement, DBKL said Jalan Kiara 1 and Jalan Kiara 4 were hotspots for traffic offences and it had constantly issued summonses to errant motorists. In 2021 alone, DBKL issued 2,386 compounds.

Condo residents in Mont Kiara want DBKL to take stern action against errant motorists

25/04/2022

The Qra at Arcoris store will advocate a socially and environmentally responsible approach by supporting the Food Aid Foundation, compositing food waste in partnership with Ground Control, and minimising wasteful packaging with the super cool bulk food section where shoppers can purchase in custom quantities — and there’s a wide selection to choose from.

Advocating the new concept of ‘Eat Well. Live Well’, the grocer now caters to progressive consumers who are on the lookout for good quality and specialty products with health and wellness benefits. The new store, measuring 15,000 sqft, features grocery shopping experiences including farm-to-shelf fresh produce, a bulk food section, home-made nut butters, kombucha on tap, and so much more.

Homegrown urban neighbourhood grocer Qra opens third store at Arcoris, Mont Kiara with sustainability and wellness in mind.

01/04/2022

NAPIC Property market snapshot for 2021 is out! 📸📈📉

Some interesting stats...

2021 in a glance:
✪ Property transactions in 2021 = 300,497 units / RM144.87 Billion
✪ Q4 2021 saw an increase in both transaction volume and value from Q1 2021 @ Q1 - RM36.09 Billion (80,679 units) ➔ Q4 - RM46.85 Billion (99,462 units)
✪ Changes in transaction between 2020 ➔ 2021 = 👆 1.5% increase in Volume ; 👆21.7% increase in Value (highest % change in comparison between years 2017-2021!)

By Sub-Sector:
✪ Highest value by Sub-sector @ Residential RM76.90 billion / 198,812 transactions (66.2% out of total 300,497) ; followed by Commercial - RM27.94 billion / 22,428 transactions (7.5% out of total 300,497)
✪ Changes between 2020 ➔ 2021 = 👆 10.7% increase for both residential & commercial; 👆 17.6% increase in industrial; 🔻7.6% drop in Agricultural; 🔻7.3% drop in Development Land & Others

By Price Range (2020 ➔ 2021) :
✪ Biggest change 👆 26.3% increase for properties above RM1mil; followed by RM500k-1mil at 👆 19.3% increase ; RM300k-500k at 👆 15.4% increase ; 🔻7.3% drop in volume for properties below RM300k.

By State:
Selangor saw the largest volume of transactions at 61,507 units, followed by Perak and Johor. KL comes in at 10th place at 14,652 units.

Looks like the property market is seeing an upward trend and on the road to recovery! 🥳

National Property Information Centre - NAPIC

01/04/2022

Countries such as the United Kingdom, Australia, New Zealand, and Canada, have specific acts governing the legal relationships between landlords and tenants that provide some level of protection to both landlords and tenants. The Malaysian government determined that similar legislation was required.

The Residential Tenancy Act (RTA), which will provide the legal framework to regulate dealings and to protect homeowners' and tenants' rights, create a uniform template for residential tenancy agreements, establish a dispute-resolution institution, and resolve disputes between parties involved in residential-tenancy transactions.

However, the proposed RTA has sparked concern and unease among various key stakeholders, including the Real Estate & Housing Developers' Association (Rehda), the Malaysian Institute of Estate Agents (MIEA), and the National House Buyers' Association (HBA), a consumer NGO that fights for and protects the interests of home buyers; who raised concerns that the RTA will infringe on some of the constitutional rights of property owners or will be biassed in favour of one party over the other, and have responded by providing feedback and suggestions to the Ministry of Housing and Local Government (KPKT).

The proposed Residential Tenancy Act (RTA) has sparked concern and unease among various key stakeholders, including the Real Estate & Housing Developers' Association (Rehda), the Malaysian Institute of Estate Agents (MIEA), and the National House Buyers' Association (HBA), a consumer NGO that fights...

31/03/2022

According to the Straits Times, there were 140,598 expatriates and their dependents in Malaysia as at October last year. The local residential rental market had taken a hit, especially in the last 2-3 years, and saw a 10-20% drop in the rental prices from the years prior. But with Malaysia’s border slated to reopen on April 1, there is optimism that demand could begin to rise again.

“In 2022 and 2023, we will see more expats coming in, hopefully,” said Siva Shanker, chief executive of Rahim and Co International.

Applications for employment passes for expatriates have increased last year compared with 2020.