From The Star

http://biz.thestar.com.my/news/story.asp?file=/2004/5/3/business/7885816&sec=business

Yu Neh Huat forays into Klang Valley

BY ANGIE NG

PROPERTY developer Yu Neh Huat Bhd will be making its presence felt in the Klang Valley property scene to ride on the strong demand for niche residential properties here.

The move is part of the group's expansion plans to venture into the fast growing and exciting market of the Klang Valley, and to diversify out of its market strongholds of Sitiawan, Seri Manjung and Lumut in Perak.

To kick off its foray into the Klang Valley, the group will be launching its maiden development featuring 250 units of serviced apartments near the Kuala Lumpur City Centre (KLCC).

The freehold land was acquired for about RM20mil about two to three years ago, and the development would translate into a gross development value (GDV) of RM180mil to RM200mil.

Construction for the serviced apartments will begin in the next few months for completion in three years. The units, with built-up areas from 500 to 2,000 sq ft, will be priced from about RM800 per sq ft.


Chan Yan Meng showing the key areas of the Manjung Point township located along the existing Ipoh-Lumut highway and between Lumut and Sitiawan. With him is accountant Lim Wen Tzer.
?We are talking to several parties to manage the serviced apartments and are confident of tying up with a renowned operator to turn the property into a highly sought-after address,? Yu Neh Huat executive chairman Datuk Dr Yu Kuan Chon told StarBiz in an interview.

The group has also purchased a three-acre parcel near Garden International School in Mont'Kiara for a luxurious condominium development. The 28- and 29-storey blocks will have a total of 230 condominium units.

The 2,000-sq ft units with full condominium facilities will be priced from RM330 psf for a GDV of RM130mil. Construction is expected to take off by the middle of next year for completion in three years.

Another Yu Neh Huat project in the Klang Valley will be located in SS14 in Subang Jaya. The RM50mil low-density condominium enclave will feature 70 to 80 units of between 2,000 and 2,500 sq ft priced from RM250 psf. Slated for launch in the first quarter next year, the project will also take about three years.

?We are eyeing a few more parcels of five to 30 acres land in Mont'Kiara and the Kuala Lumpur city centre for niche developments, including luxurious condominiums, as well as gated and guarded community developments. These projects will have fast turnaround time and offer good profit margins for the group,? Yu said.

He said most of the group's projects had a turnaround time of between 12 months and 1½ years. Its landed projects normally take only a year to complete compared with the industry norm of two years.

?While venturing into other niche market segments, we will continue to pay attention to our bread-and-butter business of building affordable homes for the Manjung district folks. The development there will keep us busy for the next 20 to 25 years and provides a stable earnings stream for the group,? Yu said.

Yu Neh Huat's share capital of RM265mil will be expanded to RM350mil after the 85 million bumiputra shares are placed out in the next two months. This will allow the group to pare down its debt and to acquire new land bank.

On its dividend payout policy, Yu said the group was committed to pay 10 sen per share for the current financial year ending Dec 31, 2004.

Analysts are confident of Yu Neh Huat's earnings potential with its good land bank and product offerings. They expect to see a minimum of 20% earnings growth a year for the next few years.

?It is in its early stages of growth and can expect to register 20% to 30% growth in net earnings over the next two to three years,? an analyst with a local brokerage said.

Net earnings for the group's first quarter ended March 31 are expected to be between RM9mil and RM10mil. Its borrowings of about RM61mil to shareholders' fund of RM270mil translate to a gearing of 0.22 time.

Lending credence to the group's strong potential is the fact that 45% of its shareholding is held by institutional investors who are mostly insurance institutions and bank-backed asset management companies. The Yu family holds a 52% stake in the group.

A senior research analyst with a foreign brokerage said the three new projects coming onstream in the Klang Valley would be able to contribute between 40% and 50% to group earnings and sales in the next two to three years.

?The group has the advantage of having very strategic and well-located projects which will certainly help to earn it a good name in the new markets it is venturing into,? said the analyst.

Its land bank of 1,127 acres should underpin development efforts over the next 10 years.

?Through several savvy purchases in recent years, from Danaharta and other parties, the group looks well placed to tap robust demand for housing and commercial properties in the Klang Valley and Perak,? he said.

Its stable recurrent income from the Manjung development will provide the necessary cashflow for the acquisition of strategic land for its foray into more niche developments.

Manjung, with a population of 200,000, is a very stable market for the group as there is a ready demand from the nearby Lumut Dockyard. The 1,000 to 2,000 new personnel recruited by the dockyard a year need a regular supply of residential units.

The group has also purchased a three-acre parcel near Garden International School in Mont'Kiara for a luxurious condominium development. The 28- and 29-storey blocks will have a total of 230 condominium units.




It says near lah.... not 'make way' lah....GIS is only like less than 10 years in its new premises and they had a very nice campus there.....I dun think Taylor's Education Group is that hard-up on money lah :D

It says near lah.... not 'make way' lah....GIS is only like less than 10 years in its new premises and they had a very nice campus there.....I dun think Taylor's Education Group is that hard-up on money lah :D

oops! :D

http://property.nst.com.my/Weekly/PropertyTimes/Weekly/PropertyTimes/News/Launchpad/20021119164601/Article/Images/Launchpad/kiara.gif

http://property.nst.com.my/Weekly/PropertyTimes/News/Launchpad/20021119164601/Article/

Kiara?s grand offering

Clean, classic, French styling awaits buyers in one of the Bukit Kiara area?s latest upmarket offerings. Located off Jalan Mont? Kiara 1/70C in Kuala Lumpur is the 5.5-acre freehold La Grande Kiara condominiums comprising 376 units of stratified luxury housed in three highrise blocks.


Developed by Nikmat Kuasa Sdn Bhd, La Grande Kiara, which maintains the trend of highrise living the Kiara locale in Kuala Lumpur is known for, is being released in batches beginning with 78 units in Block C.

The sales response for this first phase was encouraging, according to Nikmat Kuasa head of marketing Raymond Tan.

?The market responded well to the project because of its design, location and competitive pricing. As a result, Block C was sold out without much advertising even before we had a chance to conduct an official launch,? he said.

In the light of this encouraging take-up, Nikmat Kuasa is now moving ahead with the release of one of the two remaining 20-storey blocks, beginning with the Aramis block.

Soft-launched at the end of last month, Aramis comprises 152 units, with built-up areas of the standard units ranging from 1,960sq ft to 2,011sq ft and six penthouses from 4,133sq ft to 7,355sq ft. These are pegged from RM613,800 to RM3,032,172.

?With just eight units per floor, every unit is a corner lot and strategically positioned to offer splendid views of the refreshing surroundings. All bedrooms also feature full-length windows overlooking a panoramic view and eight-foot high doorways.

?All units will come with a spacious balcony while the master bedrooms are designed with an en suite bathroom,? Tan told PropertyTimes.

The units in La Grande Kiara will also come equipped with advanced smart home features such as a closed circuit television surveillance system, card access control system and a Clipsal C-bus 2 Intelligent System for broad band Internet access. Aside from that, buyers can also look forward to conventional fittings comprising five air-conditioning units, a washing machine and dryer.

Served by three high-speed lifts, each standard unit will be allocated two car-parking bays while the penthouse will be provided with four.

Aside from a host of condo facilities such as a gymnasium, swimming, wading and spa pools, tennis and squash courts and barbecue pits, La Grande Kiara residents will also be provided with a reflexology foot path, roof-top observation deck, meeting room, drivers? room, car wash bay and children?s playgrounds.

The service charge is expected to be pegged at 25sen per square foot with an initial sinking fund contribution of RM500.

To date, more than 30 per cent of the units in Aramis have been purchased. In the meantime, work on the show units are progressing on schedule, with completion expected in two to three weeks? time and the official launch set to follow soon after. Also in the pipeline for release are another 146 units in the second 20-storey block named Beaufort.

Expected to be completed in 2004, La Grande Kiara can be reached via an established network of roads that connects to the Sprint Highway and NKVE. Future access includes a link to the Damansara-Puchong Highway and Jalan Duta.


For more information, call 03-6021 7877.

*****************************************************

The Website

http://www.lagrandekiara.com/

http://www.star-space.com/stories/story.asp?artfolder=news&file=archives/news/2004/05/31/lg310504
from THESTAR

La Grande Kiara in a class of its own
By S.C. Cheah

IF you are looking for a classy and spacious condominium with at least 2,000 sq ft in one of the best locations in the Klang Valley, then the La Grande Kiara may be your pick.

The 376-unit, three-tower condominium in the exclusive Mont Kiara condominium enclave is being developed by Nikmat Kuasa Sdn Bhd, a niche property developer affiliated to Good Harvest Enterprise Ltd, a developer with an established reputation and impressive record for top quality and prestigious real estate projects in Hong Kong.

Launched in 2002, there are now just below 100 units left out of the 298 in La Grande Kiara's twin 20-storey blocks, the Aramis Tower (152 units) and Beaufort Tower (146 units).

Both towers are 50% complete. Units are priced from RM700,000 to RM3mil for a duplex penthouse with 7,367 sq ft. Average price is RM370 per sq ft (psf).

There are only eight units per floor (each with a different layout) and every unit is a corner lot.

Units range from 1,961 sq ft with 3+1+1 rooms. Type A and Type E (both 2,036 sq ft) have a rounded window area for the master bedroom.


An artist's impression of the La Grande Kiara.

Its large attached bathroom has a sunken curved bath. All units have a maid's room located in the yard/wet kitchen area. It also has its own bathroom.

The third block, a 12-storey tower called the Wedgewood Residence has been completed with all 78 units sold to a Hong Kong investor, who plans to lease them out as serviced residences.

Its topping-up ceremony was held on May 15. A road is being built to link this project to the Sri Hartamas area.

The RM300mil project with the tagline The Renaissance of Elegant Lifestyle, boasts a grand entrance with the twin towers having its own irregular-shaped swimming pool and the Wedgewood Residence block also its own.

Nikmat Kuasa Sdn Bhd manager Wong Aik Ming told StarBiz that construction of the twin towers was ahead of schedule.

''We are very selective of our purchasers. We are taking our time to sell the remaining units,'' he said.

Wong added that the condominium boasted an integrated smart home system, probably the first of its kind for a condominium in the country.

Kim Realty chief executive officer Vincent Ng Eng Sim, whose company is the sole marketing agent for the project, said La Grande Kiara's pricing was value for money considering its high quality finishes, complete condominium facilities and the higher pricing of some of the other units in the area.

''This is a very upmarket condominium, and probably the only one where all the units are of about 2,000 sq ft. Many of the purchasers are locals who are buying to stay,'' he added.

Ng said the La Grande Kiara would appeal to expatriates and, with the stronger US dollar, American expatriates could now afford to rent units for between RM6,000 and RM7,000 a month as against their previous budget of RM4,000 to RM5,000.

Visitors can view an elegantly furnished show unit as well as some of the completed, but vacant units in the Wedgewood Residence block.

http://biz.thestar.com.my/archives/2004/5/31/business/b_15lagrande.jpg

quite outdated design liao :(

What kind of design do you want. Seri Maya already fully painted. I'm so happy about it ;)

Design like Seri Maya is great lah..along with Marc and Orion..though Orion a bit too wide. post pics of Maya lah when got time :D

Sure. I took the picture already, just forgot to bring my pendrive to the office today ;)

Nice roof! New Launch!

shot from Sunrise Berhad's newsletter
http://www.sunrise.com.my/media_newsletter.htm

http://img51.photobucket.com/albums/v157/baqthier/banyan.jpg

From Berita Sunrise
http://www.sunrise.com.my/

http://www.sunrise.com.my/img/2003v1page1.jpg


I hope on my next trip to KL, I get to snap pics of projects there :D

Pretty neat tower ;)

Page taken from Berita Sunrise's
http://www.sunrise.com.my/

http://img51.photobucket.com/albums/v157/baqthier/solariskiara.jpg

New Launches> Mont'Kiara Aman

Estimated completion 2006
Starting price RM653,990

Blending the contemporary with Nusantara tropical architecture, the leisurely-themed Mont?Kiara Aman takes landscaping beyond convention to create a tapestry of Living Art. Situated on 5 acres of prime freehold land, the platinum-class development consists of two 32-storey tower blocks housing 345 units of residences

http://www.sunrise.com.my/images/mkaman_pix.jpg

wow!! mont' kiara will be very dense soon:)

Mont' Kiara has lots of beautiful condo skyscrapers...

So many are being built like mushrooms after the rain, it's hard to determine when exactly the whole cluster is going to be completed...

wow....another one?!?!? :eek:

Wah that place gonna be like Bukit Bangsar soon.......choked with condos....the only thing good bout Mont Kiara is that its buildings are much higher! :okay:

Any pics of Mon't Kiara GIS, guys? I believe that area is already dense enough

Location

http://www.lagrandekiara.com/pictures/map.gif

Just edited the name..it's not Solaris Kiara but Kiara Designer Suites ;)

Proposed hartamasII
http://www.brdb.com.my/BRDB/06segambut/index.htm

http://www.brdb.com.my/BRDB/06segambut/banner.jpg

BRDB’s Hartamas II condominiums lie in close proximity to Mont Kiara, at the highest point in the area. The site is located next to the upcoming French International School, in a lush and wooded surrounding area.
The entire complex is built over a generous 11.5 acres – enabling us to focus on providing a calm, safe and beautifully landscaped environment.
With plenty of trees, water features and shaded pathways, the condominiums will enjoy a very green and tranquil setting.
The designs and layouts maximize space, and allow for plenty of natural light and are positioned to command spectacular views of the surrounding greenery.
Buyers’ are also allowed to choose between 2 design options– a chance to customize their home that suit their taste.
The development is expected to be introduced later this year.


http://www.brdb.com.my/BRDB/06segambut/artist.jpg

Just confuse for the hartamas site:
http://www.skyscrapercity.com/showthread.php?t=121848&highlight=hartamas
http://www.skyscrapercity.com/showthread.php?t=104201&highlight=hartamas

omg! This looks amazing!
http://www.brdb.com.my/BRDB/06segambut/banner.jpg
The top really resembles Moulmein Rise in Singapore! :eek:
HOWmany storeys??

a bit leh..although they remind me more of the two Great Eastern blocks, but this design seems to be becoming fashionable in condos these days..the cardboard slim look :cool:

University Campus at Kiara!!

http://www.desholmes.com.au/Webphotos/CommMtKiora.gif

which one are these??

http://img240.exs.cx/img240/6185/montkiara21vd.jpg

I think it's this unnamed one liao bui

http://www.altod.com/3d/kiara.jpg

I think it's this unnamed one liao bui

http://www.altod.com/3d/kiara.jpg

liao bui means "already" normally used in questions :laugh::hilarious::rofl:

Wow, Mont' Kiara will be full of luxury condos everywhere in the next few years... Cool!

Wish i can afford a unit there, though...

I think PJ's Golden Triangle (Damansara) is a better option for investment... but for living wise, yeah I wish I could afford a unit in Mt Kiara hehe...

Mont’Kiara a haven for investors
Monday May 23, 2005
BY ANGIE NG
Property Talk: A weekly column by S.C. Cheah




”OH, we have sold all our Mont'Kiara Banyan units!” Sunrise Bhd head of marketing and sales Lee Meng Tuck told me when I enquired about the latest sales figures of the group’s latest condominium in the affluent Mont'Kiara in Kuala Lumpur last week.

A few days earlier, members of the media who attended the official launch of the Mont’ Kiara Banyan were told that 80% of the 147 units had been sold since the soft launch in March this year.


http://biz.thestar.com.my/archives/2005/5/23/business/b_12lee[1].JPG
Lee Meng Tuck


The project, on a 3-acre freehold land adjacent to the Mont’Kiara International School, comprises a 33-storey tower block, a two-storey shoplex and a six-storey car park block with recreation deck on top. Three lifts serve five units per floor.

There are four types of standard units priced at between RM738,000 and RM2.3mil with only five units to a floor with sizes ranging from 1,838 sq ft to 2,648 sq ft. Units come with extra fittings such as air conditioners, kitchen cabinets and water heaters.

There are full condo facilities including a multi-purpose hall/badminton court, gymnasium, tennis court and swimming pool.

The remarkable sales are not at all surprising for those who know the Mont'Kiara neighbourhood well.


http://biz.thestar.com.my/archives/2005/5/23/business/b_12banyan2.jpg
An artist's impression of the resort-style
smiwwing pool at Mon't Kiara Banyan


Even during the regional financial crisis of 1997, property value in Mont'Kiara had been quite stable although property prices elsewhere had plummeted. Many early buyers are happy to see their properties appreciated 30% to 40% in value within a few years. Some of them have upgraded to bigger condominiums in Mont’Kiara while others have moved out and bought more expensive homes.

“Mont’Kiara is still the pick for most expatriates. The number of expatriates leaving Mont’Kiara as well as those making it their homes is quite balanced. Rental rates have been generally maintained,” said Lee, adding that expatriates’ housing allowance was also quite stable as the ringgit was still pegged to the US dollar.


http://biz.thestar.com.my/archives/2005/5/23/business/b_12banyan1.jpg
Sunrise's Mont Kiara Banyan project has
achieved remarkable sales.


He said some expatriates could afford to pay monthly rental of between RM12,000 and RM13,000 for the Mont’Kiara Damai where the units are bigger at between 2,272 sq ft to 5,500 sq ft. The Damai units are priced from RM1.3mil with rental charges starting from RM7,500.

The older Mont’Kiara Pines (1,228 sq ft to 1,428 sq ft) is being sold from around RM350,000 and could fetch rentals from RM2,300 a month.

Mont’Kiara Banyan’s launch has been eagerly waited as Sunrise had not launched anything in Mont’Kiara since unveiling its Kiara Designer Suites in June last year. The serviced apartments with 324 units in a tower block are priced from RM370,000 to RM523,000 (about RM350 per sq ft).

Sunrise has built about 1,700 condominium units in Mont'Kiara (and another 583 commercial units in Plaza Mont’Kiara). There will be three more new projects in the pipeline. Two of them are condominiums and the other is a bungalow project.

The group, listed on the main board, is also developing a futuristic commercial centre called the Solaris Dutamas, a few kilometres from Mont’Kiara. The 17-acre freehold project is at one end of the new Jalan Duta-Kiara flyover across the New Klang Valley Expressway.

There will be about 2,100 units comprising about 400 shoplots, 800 designer suites and 900 office suites. About 60% of the shop office units (with two levels of corridors) in four six-storey blocks had been sold since the soft launch last month. A 28-storey serviced apartment would be launched next month.

Actually I am a bit confused over those Mont' Kiara buildings cos there are so many of em being built at the moment :D

Actually I am a bit confused over those Mont' Kiara buildings cos there are so many of em being built at the moment :D

Indeed...and it keep popping out every single day with new name n almost the same design ;)

New launch, SOLARIS Mont'Kiara
SOLARIS Mont'Kiara (http://www.sunrise.com.my/Solaris/solaris.htm)

http://img211.imageshack.us/img211/1598/mkr9sr.jpg

http://img211.imageshack.us/img211/8348/mkr24xe.jpg

Hijauan Kiara

To be launched soon, Hijauan Kiara will be one development that will certainly cause a buzz in the market. Like the previous six-acre gated-and-guarded enclave of Aman Kiara, this latest offering is set to get everyone talking.

With 188 units on almost six acres of freehold land, this low density condominium project will be among the choice picks of such developments in the sought-after neighbourhood of Mont'Kiara.
Hijauan Kiara (http://www.bukitkiara.com/page1.html)


http://www.bukitkiara.com/img/stan_aerialview.jpg

http://www.bukitkiara.com/img/stan_podiumoverview.jpg

by Eric Wong

http://www.pbase.com/erwcw/image/35033428.jpg

http://www.i-zen.com.my/images/Kiara1_logo.jpg

http://www.i-zen.com.my/images/Kiara1_main.jpg

Following the success of previous i-ZEN projects, comes a breakthrough in avant-garde design; a revolution to apartment living, i-ZEN @ KIARA I.

Located at the beginning of Jalan Kiara, leading into a hub of prime residential properties in Mont' Kiara, i-ZEN @ KIARA I is a mere 15-minutes cruise from the city center with its easy connection to an excellent network of roads and expressways. With a well-established residential and commercial neighbourhood, Mont' Kiara successfully caters to expatriates as well as the modern Malaysian lifestyle; making this one of the hottest locations in Kuala Lumpur.
i-Zen@Kiara II (http://www.i-zen.com.my/homepage.htm)



i-Zen@Kiara II Project Progress
Progress of i-ZEN @ KIARA II as of June 2005.

http://www.i-zen.com.my/images/k2pp0701.jpg

http://www.i-zen.com.my/images/k2PP0703.jpg

http://www.i-zen.com.my/images/k2PP0704.jpg

http://www.i-zen.com.my/images/k2PP0705.jpg

Looks a bit like Suasana Sentral..can do lah..for such expensive location should make better designs by now :D

A LIST OF THOSE UNDER CONSTRUCTION !!


1) - La Grande Kiara (some one asked)
March 27th, 2005 05:19 PM
TYW which one are these??

http://www.lagrandekiara.com/
(the lower completed white building is the Wedgewood Residences which is also part of the La Grande Kiara project)

2) KiaraVille
http://www.kiaraville.com.my/master_aboutus.htm

3) Hijauan Kiara

4) MK Banyan (Damai & Aman as well)

5) Kiaramas Ayuria (Cendana & Sutera as well)

6) Kiara Designer Suites

7) I-Zen Kiara 1 & 2

8) Casa Kiara (Sunway)

9) Radiant Kiara (by YNH Bhd)

10) Kiara 1888
www.kiara1888.com

11) Flora Murni

and lots more under planning !!

my favourite so far is Hijauan Kiara

A LIST OF THOSE UNDER CONSTRUCTION !!

11) Flora Murni

and lots more under planning !!

my favourite so far is Hijauan Kiara

Never heard of this Flora Murni...

N..oh..Hijaun Kiara, I saw the banner everywhere now. Looks nice b the facilities look impressive enough :)

Bukit Kiara Properties bags "Best overall SMB" award
By Ashwin Raman, 16 Dec 2005 7:21 PM



Bukit Kiara Properties Sdn Bhd stamped its mark as one of the best small and medium businesses when it was among five companies, which received their awards at the SMB Recognition Awards Series 2005 on Dec 15.

It was the only property developer that won the award. The others were glove-make Riverstone Resources Sdn Bhd, lamp manufacturer Sirijaya Industries Sdn Bhd, Lee Soon Seng Plastic Industries Sdn Bhd and clean room designer IAQ Technology International Sdn Bhd.

The award was for the “Best overall small and medium business” at the SMI Association of Malaysia awards presentation ceremony in Petaling Jaya.

According to the association, the best overall SMB category awards were for non-listed SMBs, which excel in all areas of their corporate performance.

“These should be companies that perform extremely well in their financial results, are export-oriented, practise good management techniques and adapt well to ICT developments,” it said.

The association said Bukit Kiara Properties was a niche property developer, which focused on building innovative and high quality homes for Malaysia’s elite group with its first high-end project – Aman Kiara.

“Bukit Kiara Properties successfully completed Aman Kiara project which is the first residential property in Mont’ Kiara and developed Hijauan Kiara, the first spa-themed luxury condominium project there,” it said.

Bukit Kiara properties managing director Tong Nguen Khoon, who accepted the award, described the award as a “milestone achievement for the company”.

“I feel very honoured and delighted that we have received this award and this goes out to all the staff of the company that have helped it grow the last five years,” he said.

However, he acknowledged that “we still have a long way ahead and a lot more to achieve”.

According to the SMI Association, the criteria included annual turnover not exceeding RM50 million, full-time employees not exceeding 150, 50% of its shares must be held by Malaysians and should not be a subsidiary of any public-listed company.

Other categories wereSahabat SMI Award, SMB Achievers Award, SMB Emerging Business Award, SMB Best Products / Service Award, SMB Export Excellence Award, SMB Brand Building Award, SMB DiGi ICT Adoption Award, SMB Women Entrepreneur Award, SMB Phoenix Award and SMB Rising Stars Award.

Solaris Dutamas

http://www.sunrise.com.my/images/dutamas_index_pix1.jpg

Solaris Dutamas is a futuristic-themed mixed development which comprises
shop-office lots, designer suites and office suites in a premium, upmarket
location. Located at one end of the new Jalan Duta-Kiara flyover across the
New Klang Valley Expressway, it is just a few minutes' drive to the
established Sunrise Mont'Kiara Integrated Global Village. Shop Office Lots and
Designer Suites are currently open for sale.

Mont'Kiara Meridin

http://www.sunrise.com.my/images/Acacia_index_pix.jpg

208-unit condominium housed on a 31-storey single tower complemented by
a row of double-storey cabana at its recreational deck. Located at the
northern corridor of Sunrise Mont'Kiara Integrated Global Village, it features
units with sizes ranging from 1,700 sq. ft to 2,500 sq. ft and each unit comes
with a unique "lanai", an extension of the living room.

http://www.sunrise.com.my/img/images/L_news_171005_thesun02.jpg

10@Mont’Kiara

http://www.sunrise.com.my/images/mk10_index_pix.jpg


An ideal illustration of "super bungalows in the sky", 10@Mont'Kiara comprises
two 44-storey towers with spacious units from 3,100 sq. ft to 4,000 sq. ft
for standard units. It is located next to Mont'Kiara Sophia along Jalan Kiara 1.

Kiara Designer Suites

http://www.sunrise.com.my/images/mkds_index_pix.jpg


Among one of Sunrise Berhad’s latest lifestyle developments is the luxurious Kiara Designer Suites, a serviced apartment project in Mont’Kiara. With an architectural theme that is clean, modern and sophisticated, the development will be ‘balanced’ with a natural tropical forest landscape, providing an ambience of peaceful serenity.

Hey guys.. I check out the mont kiara area recently n I was absolutely stunned by the progress. The area is as busy as klcc area, with all projects are mainly luxury condominiums. I found out at least 1500 units of condos are being put up there. Some 20 tower cranes spotted at many different sites by set of developers. What’s more interesting is another at least 2000 more units are planned in tht area, especially along the duta kiara road / beside the nkve. Since my camera battery has gone out, I only managed to get two pics here.

Jan 16th 2006:
sorry, i forget the name...
http://img30.imageshack.us/img30/1103/img07906rf.jpg

http://img30.imageshack.us/img30/5968/img07834md.jpg

i-zen at kiara 1 by ireka corporation bhd.
Dec 2005 progress:
http://i28.photobucket.com/albums/c236/tyfong55/kiara1progress_1dec2005.jpg

the biggest on goin project is kiaraville by bina deras (ireka subsidiary unit) with collaboration to singapore's capital land. 5 blocks of 404 luxurious condos along duta kiara road.

That area certainly packed with construction ;)

i think this area is the new little japan of kuala lumpur!the number of japanese restaurants at desa hartamas is a good give away!then they have the international school there the best deal is the highway that runs through the area what even better its FREE wow amazing no wonder this area is doing well ha ha

good news! Mont kiara will be very very dense it seems...

i love mont'kiara... some of the pics i took of the skyline:

August 2005 -
http://photos1.blogger.com/img/253/2822/400/IMG_3006.jpg

September 2005 -
http://photos1.blogger.com/img/253/2822/400/IMG_3133.jpg

^^ nice pics, clarence !! love the clarity :happy:

by CLF

http://static.flickr.com/28/100436575_95cfcba981_o.jpg

Mont Kiara is getting more and more condos now....2 main access roads to condo living area are getting jam these days...any way that the developers can stop putting new projects? :bash:

^^ I dont think so.. considering that the demand is there... Mont Kiara, together with Hartamas, Segambut Dalam, Putramas will be the prime stretch in the future... all the way to PJ Golden Triangle & Damansara. However, lets hope that the few sky bridges around the area can help alleviate the traffic in future. The tolls have killing rates but then again, who are the people living in that area? :D

I dun mind living at Mon't Kiara or Sri Hartamas area but given the density in the near future.....I am starting to dislike it....:ohno:

Yeah I started to dislike it too!!!...But i hoped that's all for the projects available now....

Yup the Kerinchi Rm1.50 toll and Penchala Rm 2.00 toll is a way too expensive...

I gota use shortcut to go home!!! :sleepy:

Recently see the banners for Kiara 1888 hanging here and there. :)

Plus all projects, how many buildings Mon't Kiara will have?

Some updates of on-going high-end condo projects around mont kiara:

1. Casa Kiara (Sunway)
– Nearing completion

2. Kiara Designer suites (sunrise)
- 28f single block
http://img490.imageshack.us/img490/638/img15872as.jpg
Designer suites (tower crane) is located next to casa kiara.


3. Meridin (sunrise)
- 31f single block
http://img220.imageshack.us/img220/2012/meridien2eg.jpg


4. Banyan (sunrise)
- 33f
http://img133.imageshack.us/img133/764/banyan22wc.jpg

5. Solaris dutamas and solaris mont kiara(sunrise)
http://img220.imageshack.us/img220/7706/solaris25ck.jpg

http://img220.imageshack.us/img220/6333/solaris9jr.jpg


6. Flora murni (Tian Global Sdn Bhd)
http://img329.imageshack.us/img329/3504/flora5sz.jpg


7. Cendana@kiaramas (Asiaquest)
http://img329.imageshack.us/img329/6151/cendana2ko.jpg


8. Ayuria@kiaramas (Asiaquest)
http://img133.imageshack.us/img133/5813/ayuria2uo.jpg


9. Kiara1888 (Mitraland Group) – newly launched
http://img133.imageshack.us/img133/9624/img15568jl.jpg


10. Hijauan Kiara (bukit kiara properties)
-188 units housed in seven blocks (29, 26, 24, 12, 10, 8, 6f), making it one of the lowest density offerings in Mont'Kiara.
http://img133.imageshack.us/img133/5209/img15527lb.jpg


11. Verve Suites (bukit kiara properties) – newly launched
- Showroom open; earthwork completed
http://img232.imageshack.us/img232/169/phase19fq.jpg


Ireka has a sizeable landbank at mont kiara with mostly located along Duta Kiara road. Ireka has 7 parcels of land to be developed in the next within 10yrs. 4 parcels are in progress and another 2 more parcels expected to start soon. There will be some totaled of 18 blocks with a planned of 2500units altogether.

12. I-Zen at Kiara2 (Ireka)
-Nearing completion
http://img232.imageshack.us/img232/8837/k2progress1decl20050zi.jpg

13. I-Zen at Kiara 1 (ireka)
- Basement work


14. Kiaraville (ireka and Singapore’s Capitaland joint venture)
-5 blocks (32, 28, 20, 12, 10f) – 404 units
-Very low profile project at local scene although its selling price starts at RM 700,000 and only limited units open for local investors. Main target is from the foreign buyers in Singapore and Hong Kong with sales already achieving 90% sold out.
http://img220.imageshack.us/img220/5105/kiaraville2nx.jpg

http://img133.imageshack.us/img133/7396/img15716kk.jpg


15. Parcel opposite to kiaraville site (ireka)
- 4 blocks (20+ levels), earthwork in progress, expected to be launched by mid 2006.

16. Two parcels at behind kiaraville (ireka)
- High end condovillas – Villa Aseana Court (nearing completion)
- 5 blocks with 400 units (future plan)

17. Parcel located between La Grande and Solaris Dutamas (ireka)
- 2 blocks of 28, 36f.

http://img490.imageshack.us/img490/3019/img15789ep.jpg
View from the Duta toll plaza. The left most is the La Grande condos with Wedgewood low rise apartments. Solaris mont kiara is hidden behind the la grande. Villa Aseana court is those typical houses within the future parcels of land to be developed by ireka. Kiaraville site is bustling with cranes.

awesome pics, James Foong!! thanks 4 the update;)

^^ soo many constructions goin on at Kiara!! soon Kiara will become a city by it'self :shocked:

:eek: awesome update! The population there is around 20,000 and 75% are foreigners! A bit too dense it will be actually compared to the pretty empty surroundings.

^^ that means u can buy a unit there bah!? :lol:

Mont Kiara's best selling high-end condo, Kiaraville:

Site progress:
http://i28.photobucket.com/albums/c236/tyfong55/4f9d881e.jpg

http://i28.photobucket.com/albums/c236/tyfong55/452c6d99.jpg


The view from kiaraville;
1. KL skyline:
http://i28.photobucket.com/albums/c236/tyfong55/3f3de9ed.jpg

2. Kepong, Batu Caves, Selayang & Genting Highland (partly clouded):
http://i28.photobucket.com/albums/c236/tyfong55/cd2bee38.jpg

3. Mont Kiara:
http://i28.photobucket.com/albums/c236/tyfong55/e6ba0708.jpg


Soon to be launched, Tiffani by I-Zen (Ireka & Capital Land)
- 4 blocks
- Site boring progress
http://i28.photobucket.com/albums/c236/tyfong55/75d57caa.jpg

Tiffani Showhouse:
http://i28.photobucket.com/albums/c236/tyfong55/c5c01e58.jpg


La Grande:
http://i28.photobucket.com/albums/c236/tyfong55/88a7bd93.jpg

New access road to Mont Kiara linking Jln Kuching/Duta Highway:
Beside Kiaraville site:
http://i28.photobucket.com/albums/c236/tyfong55/77374a84.jpg

Solaris Mont Kiara (Sunrise):
http://i28.photobucket.com/albums/c236/tyfong55/edd5b7ed.jpg

http://i28.photobucket.com/albums/c236/tyfong55/88a7bd93.jpg
I love this shot best!

Menara Matrade's side profile looks awesome!

Great update, thank you very much James

Nice pictures James! :) Do you work in the construction industry?

Thanks. Yes, i m involve in the construction line.

^^ Thanks for the pictures James :okay:

Thanks a whole lot, James! :applause: I guess we are privileged to see these photos because you have access where the amateur doesn't. ;) So double thanks! :okay:


Soon to be launched, Tiffani by I-Zen (Ireka & Capital Land)
- 4 blocks
- Site boring progress
http://i28.photobucket.com/albums/c236/tyfong55/75d57caa.jpg

^^ Imagine how people in the lowrises that currently enjoy a wide vista will feel when the Tiffani highrises are built right smack in front of them? :(

Hi, here are some pics of Kiaramas Ayuria Mont' Kiara...developed by Kiaramas Development S/B (Asiaquest). Enjoy...... :)


http://i79.photobucket.com/albums/j145/jesale/KiaramasDevelopment.jpg

http://i79.photobucket.com/albums/j145/jesale/KiaramasLandscaping.jpg

http://i79.photobucket.com/albums/j145/jesale/LivingandDining.jpg

http://i79.photobucket.com/albums/j145/jesale/MasterBedroom.jpg

http://i79.photobucket.com/albums/j145/jesale/Foyer.jpg

http://i79.photobucket.com/albums/j145/jesale/ShowerScreen.jpg

http://i79.photobucket.com/albums/j145/jesale/Bathtub.jpg

http://i79.photobucket.com/albums/j145/jesale/Rm2.jpg

Great, thanks a lot.
A little challenge - do you have any pics of the KLCC Binjai showroom or the Troika showroom? :)

I have not seen KLCC Binjai showroom yet, but planning to. As for Troika, there was a power blackout about a month back when I was there, so planning to visit again and take some pics. After all, seriously considering a unit in Troika, should be alright I think to sweet talk my way through to get some pics?? Hopefully? :happy:

I have not seen KLCC Binjai showroom yet, but planning to. As for Troika, there was a power blackout about a month back when I was there, so planning to visit again and take some pics. After all, seriously considering a unit in Troika, should be alright I think to sweet talk my way through to get some pics?? Hopefully? :happy:



I have unlimited access to Kiaramas Ayuria showroom (my fren work there) :D but too bad the day I was there, I did not bring my camera :wallbash:


ANyway you sure you could go to Binjai showroom? I tot it is by invitation only :?

Well I went to The Troika showunit twice and it was MAGNIFICENT!!! :eek:

Can you imagine a showunit that cost almost 1 million in renovation and fittings plus they feature B&O products in the unit!!! :okay:

Wow! Love the contributions in this thread. I would like to consider an apartment there! :D

http://i21.photobucket.com/albums/b283/szehoong/Mont%20Kiara/Mont%20Kiara%20Skyline%20from%20Batu%20Caves/IMG_6835sm.jpg

Took this Mont' Kiara skyline picture last Sunday ;)

^^ Compare that with this: :D

http://i21.photobucket.com/albums/b283/szehoong/Mont%20Kiara/Mont%20Kiara%20Skyline%20from%20Batu%20Caves/DSCN9337mod.jpg

^^ Took this from the same spot 3 years ago ;)

Thankfully Mon't Kiara prefers high density buildings without the fat appeal! :happy:

AWESOME AWESOME PICTURES EVERYONE!!!

The Star

By S.C. Cheah
THE Kiara 1888 condominium in Mont' Kiara has chalked up 75% sales just two months after its launch.

The take-up rate has been described as ''remarkable'' by the developer Prisma Melody Sdn Bhd, given the slow start of the property market with consumer sentiments being dampened by the continued surge in crude oil prices and rising interest rates.

''The good response is due to the project's location as it is situated near established condominiums such as Laman Suria and Casa Kiara as well as being sandwiched between two international schools,'' said managing director Chuah Theong Yee.

Chuah said Mont' Kiara had always been a very much sought after location for upmarket residences as it is popular with the expatriate community and properties there had always enjoyed attractive rental yields and good capital appreciation.

He said Kiara 1888 is also highly accessible, being served by links to the Sprint Highway, NKVE and the Penchala Link which connects to the Damansara Puchong Highway.

In future, accessibility will be improved with the completion of the Duta-Ulu Klang Expressway that would provide speedier access to Sentul, Batu Caves and the Middle Ring Road II.

Chuah said another strong point was its unique concept and modern contemporary architecture.

Instead of high-rise towers as is common with the neighbourhood, the developer has incorporated 52 low-rise villas to complement the 130 units of condominiums and penthouses in the 33-storey tower.

There is also a wide range of unit sizes to cater to families with different requirement and budgets. The smallest is a three-bedroom unit with a 1,238 sq ft area while the largest is a two-level five-bedroom penthouse with 3,983 sq ft.

Outstanding features include a grand four-storey high entrance atrium with water features, yoga pilates area, Zen rock garden, reflexology area, meditation gardens and a nature park with children's tree house surrounded by lush greenery.

Other unique features are personalised lifts serving only two units per floor for the low-rise villas, high ceilings, en-suite bathroom, sunken bath, wet and dry kitchens to all units and air-conditioning points complete with concealed piping. The courtyard villas have an additional indoor garden.

Residents will also enjoy a full range of recreational facilities, including an infinity swimming pool with jacuzzi, children's wading pool squash court, indoor badminton courts, multi-function hall, games room, reading area, wall climbing area and landscaped pool deck.

A budget of RM2.5mil has been allocated for landscaping to create a conducive living environment. Each unit will come with a minimum of two car-parking bays.

The condominiums in the high-rise tower is priced from RM404,200 while the low-rise villas are pegged from RM941,400.

''The selling price of the units at less than RM330 per sq ft onwards are one of the most attractive in the Mont' Kiara area and this provides excellent value for those who have invested in our project,'' Chuah said.

He added that buyers would benefit from the anticipated capital appreciation upon the project's completion.

^ I hope the interiors also resembe that of a KL mansion built in 1888 . :D

^^ too expansive to decorate buildings wit classical detail this days lah...

^ resemble only mar. Materials are welcomed to be downgraded :D

I m willing to pay if they get those Hollywood specialists to do those classic interior decors.

http://i62.photobucket.com/albums/h88/fivelive/Project%20Update/MontKiara001.jpg

http://i62.photobucket.com/albums/h88/fivelive/Project%20Update/MontKiara002.jpg

http://i62.photobucket.com/albums/h88/fivelive/Project%20Update/MontKiara003.jpg

kIARAVILLE 1 @ MONT' KIARA


Here are pics of the condo model....you will note that Block D is not in the model for easy viewing.....


http://i79.photobucket.com/albums/j145/jesale/KiaravilleModel.jpg

http://i79.photobucket.com/albums/j145/jesale/KiaravilleModel2.jpg

:)

^^ nice.. that place is masive men.. :eek:

Hi Seed....

Note that the missing block in the pics above, Blk D....is actually a low rise one of only 11 floors. Likewise with the block directly opposite it facing the pool also......Block E. That's only 15 floors. Total are 3 high rise blocks, and 2 low rise ones. :cheers:

Here's a pic of the missing Blk D. :)

http://i79.photobucket.com/albums/j145/jesale/KiaravilleBlockD.jpg

^^ wats the difference between this short ones and the tall ones? just the heights?

Yup, the height. 3 blocks highrise, and 2 blocks lowrise. Of course, the units inside have different layouts too. Block D units (the last pic I posted), have private lift lobbies as well. Kiaraville, on the whole, has very cool and unique, but at the same time, functional layouts as compared to a lot of others in the MK area.

But most importantly, the developer knows that they have priced it too affordable for a development like this. For example, a 3300sf MK Damai unit now in the secondary market is about RM2.5Million.....a 3400sf unit in Kiaraville 1 is only at about RM1.3M. Potential for appreciation is therefore huge. Plus, if you have seen the insides of the showroom, you will note that the quality of finishing is undisputed as compared to the Sunrise ones. And lastly, being within walking distance to Solaris MK is a major plus. :)

the whole Kiara neighbourhood has so many massive new apartments, & they are mostly high end. its already a massive dense highend apartment neighbourhood and becoming even denser :) visited 2 apartments there and took lots of pics.......r u ready 4 the tour

View of the 'older' apts of Sunrise part of Mont Kiara.

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01004.jpg
The white apt with the rainbow top on the right is Pelangi, the beige twin apts with the green top is La palma(i think). Between Pelangi & La Palma is Plaza Mont Kiara & the white apts behind La Palma is the Pines. The rest I have no idea

Massive Mont kiara constructions with the city centre in the background
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00990.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00994.jpg

View from highest hill on Mont Kiara looking towards TM tower, the houses under construction(orange roofs) is in Kiara Hills
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00986.jpg

The bluish roof buildings on the left is Desa Hartamas commercial centre
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00987.jpg

The tolled Penchala link expressway
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00991.jpg

u/c Verve Suites in foreground, I think its a combination serviced apts & commercial centre
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00985.jpg

left u/c Sunrise Tower, right Verve Suites
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00989.jpg

Guys I am not sure abt the names of these developments so pls excuse me if i have got it wrong

this is the just completed Kiaramas Cendana condo, no occupants yet
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00996.jpg

Entrance way with security
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00997.jpg

landscaped pool area
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00982.jpg

its an infinity pool altho not well seen in this pic
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00983.jpg

landscaped gardens & water features in the condo
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00984.jpg

newly completed but empty apt..g8 view from balcony
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00988.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00992.jpg

open concept kitchen
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00995.jpg

thanks for the pics, travellator! you bought a unit in Mon't Kiara?

^^a friend bought the Cendana condo & i went to along to see :)

this is the kiaramas Ayuria condo construction and it has i was told, the largest pool in Mont Kiara...stretching from left to right & back
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00993.jpg

pic taken by Jesmine(hope u dont mind) this is the model of Ayuria & its largest pool.....awesome
http://i79.photobucket.com/albums/j145/jesale/KiaramasLandscaping.jpg

:eek::eek:
wow impressive pool! Now there is no need to worry about not getting the pool view! :D

More Mont Kiara apts. These highend condos are called resort condomiums, I think because they have large well landscapped common areas...or mayb its just marketing :tongue3:
Aman Condo, 2 infinity swimming pools & look at the water feature :eek:
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01005.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01006.jpg

Damai condo, just next to Aman
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01010.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01009.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01003.jpg

Passage from carpark to lift lobby
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01002.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01000.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00999.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01001.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC00998.jpg

Swimming pool with club house, not as spectacular as Aman's but still very nice :cheers:
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01007.jpg

wow the water feature looks great enough for an actual KL attraction! :eek:

Thanks for the tour, travellator. Nice to c more of it. In the mean time, Tiffani project was juz launched last week with a royal treat from Selangor royal families n celebrity star, Fann wong. The showhouse is now ready for public viewing.

Mont'Kiara Meridin

http://www.sunrise.com.my/images/mkmeridin_index.jpg

208-unit condominium housed on a 31-storey single tower complemented by a row of double-storey cabana at its recreational deck. Located at the northern corridor of Sunrise Mont'Kiara Integrated Global Village, it features units with sizes ranging from 1,700 sq. ft to 2,500 sq. ft and each unit comes with a unique "lanai", an extension of the living room.





10@Mont’Kiara

http://www.sunrise.com.my/images/mk10_index_pix.jpg

An ideal illustration of "super bungalows in the sky", 10@Mont'Kiara comprises two 44-storey towers with spacious units from 3,100 sq. ft to 4,000 sq. ft for standard units. It is located next to Mont'Kiara Sophia along Jalan Kiara 1.

Saturday June 24, 2006
The Star

With the arrival of Singaporean investors and property developers, condominium-living in Malaysia will no longer be the same as they up the ante by offering state-of-the-art designs, finishings and accessories, reports JOHNNI WONG.

THE age of the super-condominium has dawned with developers rivalling each other to build the swankiest, trendiest living space money can buy.

It used to be when a 3,000sq ft (279sq m) penthouse would suffice, but nowadays, penthouses span 5,000-8,000sq ft (464sq m-743sq m) or more.

http://i28.photobucket.com/albums/c236/tyfong55/f_pg22ech.jpg

While condominium developers in Kuala Lumpur’s Golden Triangle – within sight of the Petronas Twin Towers – demand an outrageous RM1,000 per sq ft, other areas of development are no less cheap.

Among the more desirable – and still relatively affordable – neighbourhoods to buy a super-condominium unit these days is the Mont’ Kiara housing enclave. It is estimated that there are at least 15 property developments including townhouses, service apartments and bungalows with the majority being condominium complexes.

And depending on location and the quality of interior design details, condominium prices range from RM400-RM550 per sq ft.

With two international schools in the neighbourhood and the growing presence of Japanese, Korean and lately, European expatriates, it looks like developers will have to seriously compete in the art of fine living.

http://i28.photobucket.com/albums/c236/tyfong55/f_pg23dine.jpgThe famous artichoke lamp in the dining room which opens out to a ‘lanai’. Starpix by YAP CHEE HONG, IBRAHIM MOHTAR, & ENG TAY.

Show units have to be as luxuriously outfitted as possible. Decorating with modern classic furniture is de rigueur as buyers are likely to recognise design icons from Le Corbusier, Mies van der Rohe ro Eileen Gray.

In order to sell style, one must have taste. Gone are the days when developers can simply embark on a do-it-yourself interior design scheme by a family member. Therefore, a Poul Henningsen artichoke lamp that costs RM16,000 for a showroom display is nothing, if you are trying to sell a RM1mil home. And when it comes to art works, sophisticated buyers would instantly recognise a RM50,000 Jolly Koh painting from a Tajuddin Ismail or worse, a cheap poster.

Developers with overseas experience have been quick to notice that affluent buyers don’t just want a pokey – 800sq ft (74sq m) or less – studio unit but will willingly fork out RM1mil or more if the layout seems luxurious enough. And top architects and designers are worth their weight in gold.

According to Lim Ech Chan, Binaderas Sdn Bhd CEO – which is developing the Kiaraville project in Mont’ Kiara – buyers were more keen on the 2,400sq ft (223sq m) unit than the 1,600sq ft (149sq m) unit.

“We are developing a total of 404 units in five blocks that range in height from 10 to 33 storeys. The largest unit is the penthouse which spans 5,500sq ft (511q m). The land area spans 6.8 acres (3ha) and the value of the development is RM400mil.

“Buyers are mainly professionals and entrepreneurs in the 30-40 age group. But there are also a significant number of parents buying for their adult children. Some don’t just buy one unit.

“We have been pretty successful with 90% sold, 15 months after our launch. We commissioned a group of architects led by BEP Akitek principal Kam Pak Cheong to come up with practical, functional and spacious floor plans. There are no odd corners or un-usable space.”

And what do buyers get for their money?

Design-wise, there will be two entrances – main door and yard door – to each unit. Ground floor units come with a private garden. All units come with a balcony and have 10ft (3m) high ceilings. And for some units, owners get an unobstructed view of the Petronas Twin Towers. Facilities include swimming pools.

As for fittings, buyers can expect imported accessories from Hans Grohe and Toto such as the “Rain-dance” shower system.

The units are fully air-conditioned and for flooring, marble is used for the living and dining area, and timber for bedrooms.

Best of all, owners can move in immediately when keys are handed over as wardrobes and kitchen cabinets are all provided.

Saturday June 24, 2006
The Star

Buyers are already snapping up condominium units at the Tiffani by i-Zen development right next to Kiaraville. The project launch will only be in July.

This development is by Ireka Land Sdn Bhd in collaboration with CapitaLand Financial Limited, a subsidiary of Singapore’s CapitaLand Limited, South-East Asia’a largest property company. CapitaLand’s subsidiary, Ascott International will manage the project when completed.

The units range in size from 815sq ft (76sq m)-3,729sq ft (346sq m), with the penthouse spanning a huge 8,011sq ft (744sq m).

The units are also targeted at foreign buyers, namely Singaporeans. In fact, Singaporean actress Fann Wong who has signed up for two units has been roped in to promote the project in Singapore and Kuala Lumpur.

http://i28.photobucket.com/albums/c236/tyfong55/f_pg22ireka.jpg(L-R) Mary and Bernard Chandran , Fann Wong, CapitaLand’s Chan Say Yeong and Ireka’s Lai Voon Hon. - Starpix by IREKA LAND SDN BHD

Priced at RM450 per sq ft, the Tiffani by i-Zen units compare favourably with other nearby condominium developments that are already priced at RM500-RM550 per sq ft.

Marketed as a home for the glamorous and famous, even fashion designer Bernard Chandran and wife Mary Lourdes, a veteran model, have been engaged as role models for other buyers. Members of royalty like Tunku Naquiyuddin of Negeri Sembilan have also bought units, while international couture shoe designer Datuk Jimmy Choo has booked one for investment. And what are they buying into? Buyers have two interior design choices: “contemporary design” on even-numbered floors and “modern classical design” on odd-numbered floors.

The units come with kitchens fitted with high-quality electrical appliances and walk-in closets or built-in designer wardrobes with lacquered door panels.

Branded split-unit air-conditioning systems are standard features as well as hot water supply for bathrooms and wet kitchen. There is also provision for wireless connectivity (broadband services) and centralised Astro receiver as well as intercom with the latest security systems.

The larger units at the Kallista Tower come with a private lift entrance. And there is an exclusive clubhouse with pool deck and a spectacular “Infinity Pool” on Level 27.

Unique features include “The Sanctuary”, a lushly landscaped courtyard, lockers at carpark floors to keep golf bags and other items.

For those who want exclusivity, the penthouse units of 6,537sq ft (607sq m) and 7,950sq ft (738sq m) at Ideale Tower have private pools with a rooftop garden.

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01006.jpg

wow...this one...so so so...errr...impressive.

^^ i thot so too, some of the high end condos r impressive with alot of detail into landscaping & facilities. have u seen the Tifani show apartment in mont kiara, as james posted its also impressive but then its over 3500sq ft :eek: & with that amount of space and expensive furniture & fittings it sure to b impressive

better me dont look one..sure later feel sad. n envy ;)

Hi James,

I saw in this thread that you took some great photos from Kiaraville towards the Hartamas Regency and Segambut Dalam area (behind Prima Duta)....

I'm keen to know how the DUKE highway is being aligned at the back of Prima Duta towards Changkat Kiara and Kensington Park Homes area. I'm keen of buying a property at this area but concern that the new DUKE highway is very near.

Can you help to take an updated photo of the DUKE highway location?

Thanks so much :)

Hi James,

I saw in this thread that you took some great photos from Kiaraville towards the Hartamas Regency and Segambut Dalam area (behind Prima Duta)....

I'm keen to know how the DUKE highway is being aligned at the back of Prima Duta towards Changkat Kiara and Kensington Park Homes area. I'm keen of buying a property at this area but concern that the new DUKE highway is very near.

Can you help to take an updated photo of the DUKE highway location?

Thanks so much :)
Hello Delicious.
Didnt notice your question is directed to me. It is definitely 'too close' to changkat and kensington area, especially if your unit is right along the highway. Fortunately, all the units r not aligned with highway, so i feel it is not a main concern. Construction is already started and the DUKE will end at the DUKE-NKVE interchange (arrows) where flyover piers construction are in progress.

http://img144.imageshack.us/img144/3931/auq0.jpg

1
http://img144.imageshack.us/img144/30/bpb9.jpg

2
http://img144.imageshack.us/img144/5232/cjs2.jpg

RM1 billion mixed-use commercial development update.

http://img87.imageshack.us/img87/2118/dfy3.jpg

http://img140.imageshack.us/img140/5796/eos7.jpg

Be expect another 12 – 15 block of condos being planned in this remaining land tract of northern Mont Kiara, owned by few developers apart from Sunrise.

http://img140.imageshack.us/img140/73/fvq4.jpg

http://img87.imageshack.us/img87/9462/gnu0.jpg

1
http://img142.imageshack.us/img142/6129/hvl7.jpg


2
http://img95.imageshack.us/img95/3946/ikz3.jpg

better me dont look one..sure later feel sad. n envy ;)

O come on now, Zahir! It's OK to look at the fancy places, even if our own homes may not measure up to them. :)

Fancy or modest, our home is our castle, right? :cheers:


Thanks for the continuous fine coverage of these swanky places, gentlemen! :okay:

:eek: cool updates, James Foong!! thanks so much!!

Hi James,

Thanks for the great photos :)

Northern Mont Kiara today:

1
http://img149.imageshack.us/img149/7726/a4hu4.jpg


2
http://img363.imageshack.us/img363/382/a5aq2.jpg


3
http://img142.imageshack.us/img142/5439/a2mx7.jpg


4
http://img227.imageshack.us/img227/7016/a1ak9.jpg


5
http://img149.imageshack.us/img149/5480/a3mo6.jpg

Really impressive, James! Thanks a whole lot. :applause:

article published about a month ago but its still relevant

Sales pitches on high gear
By S.C. Cheah

INVEST in Mont’ Kiara!

That’s what all the developers in this exclusive condominium enclave are telling potential buyers.

Of late, these companies have been taking their sales pitches to a new high.

The developers were throwing in customer appreciation dinners and getting their marketing agents to talk at seminars on the good investment prospects for Mont’ Kiara in Kuala Lumpur.

Purchasers are spoilt for choice, as there are many new condominiums there.

I went incognito to the recent 2nd International Homebuyer and International Property Investor 2006 (IH/IPI) event held at the Kuala Lumpur Convention Centre to hear what the sales people had to say about Mont’ Kiara projects.

On fears of a glut of condominiums there which would make it harder to rent out or sell the units, they said: That’s why you should buy new condominiums with better concepts, as it would lure choosy expatriates.

Furnish your unit nicely, and you will stand a better chance of getting a tenant.

On whether there are enough expatriates to rent so many units: There are three international schools, the Garden International School, Mont’ Kiara International School and, across the highway, the new French International School with a few thousand students.

Expatriates have fat housing allowance to afford the high rentals at Mont’ Kiara.

On growing congestion and that Mont’ Kiara is next to Segambut Dalam: One estate agent showed a map of Segambut Dalam and said that it was actually on the other side of the highway. What we see on the Mont’ Kiara side are small houses built on Malay reserve land.

Some developers are snapping up the remaining pieces of land in this neighbourhood and the ''squatter image'' will be gone in time to come.

A new road (near the Solaris Mont’ Kiara) is being built to link up to the Hartamas Regency and there will be access to Jalan Kuching and Jalan Duta.

A negotiator for the Golden Vista Realty (marketing Asia Quest Group’s 480-unit Kiaramas Ayuria) said she bought a 1,347 sq ft unit in one of the two earlier condominiums built by the group there for about RM350,000 and sold it for RM520,000 soon after completion.

The two earlier projects are the 314-unit Kiarmas Sutera and the 190-unit Kiaramas Cendana, and they were initially priced around RM350 psf and RM330 per sq ft (psf) respectively.

''All the three condominiums are on the highest point in Mont’ Kiara and have a good view of the neighbourhood. They are further away from the bulk of condos in the area,'' she said.

The 22-storey, freehold Kiaramas Ayuria (average price of RM380 psf) at 470 ft above sea level boasts a 520ft long pool meandering around the three towers.

Henry Butcher Marketing Sdn Bhd chief operating officer Tang Chee Meng, in his talk on Outstanding Investment in Mont’ Kiara at the IH/IPI, said among Mont’ Kiara’s ''wow'' factors were the presence of the international schools, its popularity with expatriates, high profile and positive image with a diverse international community and good transportation network.

''The condos there have a consistent record of capital appreciation and high rental yields,'' he said, adding that the condominium, located along Jalan Kiara 3, was near the Garden International School and was 80% sold. It has a low density as it has only 330 units in a 33-storey block and 52 low-rise villas.

He claimed that the potential return was above 8% per annum.

''This is one of the rare low-rise residential developments in Mont’ Kiara as 95% of the condominiums in Mont’ Kiara are high-rise,'' he said.

Sunrise Bhd, the ''big brother'' has substantial land bank with some 80 acres in Mont’ Kiara.

It had managed to replenish its land bank to about the same 80 acres it had a few years ago.

Sunrise Bhd executive chairman Tong Kooi Ong, realising the increasing competition, said land values in Mont' Kiara were ''astronomical'', with parcels facing the highway being worth more than RM200 psf.

He said Sunrise's success had also drawn some 10 developers there but the Sunrise brand with its high quality and innovative products differentiated it from the rest.

He said that although Sunrise would very much like to duplicate the Mont’ Kiara's success elsewhere, it had enough projects on hand to keep it busy for the next several years.

Its 80% completed Solaris Mont’ Kiara has been fully sold while the newly launched RM1.5bil Solaris Dutamas is more than 50% sold.

''Most of our other projects have been sold out,'' he said, adding that the group's unbilled sales as at July 31, 2006 stood at RM722 mil!

Sunrise will be launching another special project, the 340-unit luxurious condominium called 10@Mont' Kiara soon.

''We have had a lot of proposals to build condos in the KLCC area but we didn’t do it, as we asked ourselves what value could we bring? When we sell you a product, we are very mindful of what kind of rental gain and capital appreciation you can get and that concept has served us very well,'' Tong added.

Sunrise managing director Datuk Michael Yam said its competitors in Mont' Kiara might be pricing their products 10% to 15% less but buyers still preferred Sunrise's products.

He said the MK Aman units that were handed over six months ago had appreciated from RM420 psf to over RM600 psf while the MK Damai units, originally priced around RM380 psf five years ago, were being transacted for above RM650 psf – about a 70% gain!

http://i15.tinypic.com/29gn60l.jpg

http://i15.tinypic.com/2qjyaab.jpg

Nov 17, 2006.

http://img117.imageshack.us/img117/3033/zdsc00378td6.jpg

Nov 17, 2006.

http://img354.imageshack.us/img354/1214/zdsc00376tt9.jpg

Great pics! Thanks!

Here's the scaled model pics of MK10 by Sunrise.....

http://i79.photobucket.com/albums/j145/jesale/Jesale%202/Jesale%203/Jesale%203A/ScaledModel2-5.jpg

http://i79.photobucket.com/albums/j145/jesale/Jesale%202/Jesale%203/Jesale%203A/ScaledModel4-3.jpg


For more renderings and layouts....you can try visiting here....have to register first btw. I have loaded a lot of info there. :cheers:

http://www.mypropertytalk.com/viewtopic.php?t=94&postdays=0&postorder=asc&start=45

wow!! hanging gardens of Babylon :cool:

Szehoong..i forget that condo that u show me last time at Mont kiara...the one got ''ladder fountant'' 1...hahaha...

Szehoong..i forget that condo that u show me last time at Mont kiara...the one got ''ladder fountant'' 1...hahaha...

I think the name is Aman Kiara or something hehehe.....can't recall the name now but it is the tallest in the vicinity. ;)

I used to love Mont' Kiara (and I still do!) BUT I am starting to worry about its density lah. Seems like your 'KL view' isn't guarantee as tall condos kept rising beside each other. Then there is the problem of limited access road into the area :(

Szehoong..i forget that condo that u show me last time at Mont kiara...the one got ''ladder fountant'' 1...hahaha...

Pablo, do u mean this condo

More Mont Kiara apts. These highend condos are called resort condomiums, I think because they have large well landscapped common areas...or mayb its just marketing :tongue3:
Aman Condo, 2 infinity swimming pools & look at the water feature :eek:
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01005.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/DSC01006.jpg

I think the name is Aman Kiara or something hehehe.....can't recall the name now but it is the tallest in the vicinity. ;)

I used to love Mont' Kiara (and I still do!) BUT I am starting to worry about its density lah. Seems like your 'KL view' isn't guarantee as tall condos kept rising beside each other. Then there is the problem of limited access road into the area :(



It is Mont' Kiara Aman, the one with the 7 storey water feature. :)

Sime Darby to develop land in Mont Kiara
February 27 2007
BusinessTimes


The conglomerate is also mulling to relocate its Hq in Jalan Sultan Ismail to
the new area which could very well be the Klang Valley's last forest reserve

SIME Darby Bhd, which is one of Malaysia's top five property players, will develop 28.3ha in Mont Kiara, Kuala Lumpur, into a multi-billion-ringgit residential, office and commercial development by the year-end.

Sime Darby group chief executive Datuk Ahmad Zubir Murshid said the conglomerate is also mulling to relocate its headquarters in Jalan Sultan Ismail to the new area which could very well be the Klang Valley's last forest reserve.

"We plan to build 116 golf villas, 28 bungalow lots, commercial and office complexes which we will launch in several phases over the next five to eight years," Ahmad Zubir told reporters in Kuala Lumpur yesterday.

He said the group may establish partnerships to develop high-end products to develop the area, which is located near the Kuala Lumpur Golf and Country Club and the Sime Darby Convention Centre.

"So far, response has been good with 2,000 applications compared to only 116 golf villas available," said Ahmad Zubir.

Sime Darby's unit, Sime UEP Properties Bhd, has a total landbank of 3,643ha nationwide, which is enough to keep it busy over the next 15 years.

Malaysia's largest conglomerate will be announcing its second quarter results ended December 2007 tomorrow.

Ahmad Zubir, who is also Synergy Drive Sdn Bhd chief executive designate, said the new development is part of the conglomerate's new vision to "think out of the box" and not just delve in township developments.

"We don't want to be known as just a township developer, but enhance value by turning around our property assets locally and abroad, which can give a long-term income stream," he said.

For example, Ahmad Zubir said, the conglomerate could tear down an old factory and create value by turning it into a 27-floor condominium.

He said Sime is also negotiating with Yayasan Sabah on extending its lease at the current Wisma Sime Darby headquarters in Jalan Sultan Ismail to 2008-2009. - By Zaidi Isham Ismail

http://img.photobucket.com/albums/v608/nazrey/Kuala%20Lumpur/35533.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/IMG_0028.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/IMG_0023new.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/IMG_0020.jpg

Some show unit pics on 10@Mont' Kiara...

http://img03.picoodle.com/img/img03/7/3/4/f_DSC02914m_d1fb7a6.jpg (http://www.picoodle.com/view.php?srv=img03&img=/7/3/4/f_DSC02914m_d1fb7a6.jpg)

http://img02.picoodle.com/img/img02/7/3/4/f_DSC02854m_aca4ed8.jpg (http://www.picoodle.com/view.php?srv=img02&img=/7/3/4/f_DSC02854m_aca4ed8.jpg)

http://img02.picoodle.com/img/img02/7/3/4/f_DSC02841m_130a3fd.jpg (http://www.picoodle.com/view.php?srv=img02&img=/7/3/4/f_DSC02841m_130a3fd.jpg)


For loads of pics on 10@MK show unit, click on this link....

http://www.mypropertytalk.com/viewtopic.php?t=927&start=0 :)

Show unit of MK Meridin...

http://img03.picoodle.com/img/img03/7/3/4/f_DSC02871m_7318e70.jpg (http://www.picoodle.com/view.php?srv=img03&img=/7/3/4/f_DSC02871m_7318e70.jpg)

For more pics, click on this...

http://www.mypropertytalk.com/viewtopic.php?t=928&start=0

^^ I don't quite know what to think of these "show units" at all. :weird:

I mean, look at this presumable kitchen unit: http://img03.picoodle.com/img/img03/7/3/4/f_DSC02914m_d1fb7a6.jpg

It's immaculate! It's just too good to be true! :D That can't possibly be real life, unless elves (or the Malaysian equivalent :) ) occupy the place . That so-called kitchen looks as clean, germ-free and immaculate as a laboratory. :D Hey, where do you keep with your timeworn, blackbottomed but much cherished pots?

I'd be afraid to even grate a carrot in that place for fear I might mess something up in that pristine environment. :cheers:

I'd be afraid to even grate a carrot in that place for fear I might mess something up in that pristine environment. :cheers:

It is like living in a gallery.

I guess the inhabittans of these high end condos...they eat out...

You're right, Leeigh, they probably do. But what sort of a life is that, never to eat at home??? I mean, I enjoy eating out every once in a while, but I do like my own food! :yes: So, fortunately, does my husband. And boy, does he ever make a mess when he cooks! :D I usually enjoy his food, too. :)

On second thought, they do have a dinner table for 6 in that place. Perhaps they order in a chef to cook a fine meal for them and their friends every once in a while ...

^^ maybe those people only use the microwave :D

Yes, that must be it, there in back on the right ;)

You're right, Leeigh, they probably do. But what sort of a life is that, never to eat at home??? I mean, I enjoy eating out every once in a while, but I do like my own food! :yes: So, fortunately, does my husband. And boy, does he ever make a mess when he cooks! :D I usually enjoy his food, too. :)

On second thought, they do have a dinner table for 6 in that place. Perhaps they order in a chef to cook a fine meal for them and their friends every once in a while ...

that's a nice thought, a personal chef! Come to think of it, I have friends that lives in downtown Miami that has immaculate showrrom kitchen, it is not impossible to have spotless and sparse kitchen I guess but 'hiding' all the dirty pots and pans and chopping blocks kinda pain in the ass! the cleaning up after sucks but then again...typical american dishes don't really have a strong aroma the likes of asian cuisines. No 'durian' and 'belacan' (shrimp paste) for sure!!!

Yes, having a personal chef is incredibly cool! :yes:

I had the experience only once, and it was grand and wonderful (our 40th wedding anniversary)! :happy: The guy (friend of our nephew's) is a professional chef. We had discussed the menu beforehand. So all I had to do was have the kitchen in sterling shape, set a festive table and get out as many sets of 6 plates as I could muster (6 or so ... not as many as we had courses, but he washed some to use again). Then, after we and our guests had enjoyed champagne and munchies in the garden and sat down for dinner, I never had to get up again! No worries at all! That accomplished, sweet and charming young man served the food, took away empty plates and poured the wines. It was better than an evening in a fancy restaurant, I tell you. :)

That chef, btw, occasionally takes on the job of personal chef, but he says it's not easy because his employers can be extremely demanding and difficult. :D

off topic: 40th anniversery wow, SEAfan, may you and your husband have many more happy years :)

Continuing in the ot mode for another moment, travellator: thank you so much! :) It's really sweet of you to notice that. :hug:

And of course I want my husband to hire that guy again to cook the dinner for our 45th! (less than 3 more years to go)

Hijauan Kiara @ Mont' Kiara....

http://img01.picoodle.com/img/img01/7/3/23/f_DSC03345m_0405b7a.jpg (http://www.picoodle.com/view.php?srv=img01&img=/7/3/23/f_DSC03345m_0405b7a.jpg)

Kiara Designer Suites @ Mont' Kiara....

http://img01.picoodle.com/img/img01/7/3/23/f_DSC03301m_f61d262.jpg (http://www.picoodle.com/view.php?srv=img01&img=/7/3/23/f_DSC03301m_f61d262.jpg)

Kiaraville @ Mont' Kiara......

http://img02.picoodle.com/img/img02/7/3/23/f_DSC03310m_39a7951.jpg (http://www.picoodle.com/view.php?srv=img02&img=/7/3/23/f_DSC03310m_39a7951.jpg)

Flora Murni Condo @ Mont' Kiara......

http://img02.picoodle.com/img/img02/7/3/23/f_DSC02828m_ac50c9e.jpg (http://www.picoodle.com/view.php?srv=img02&img=/7/3/23/f_DSC02828m_ac50c9e.jpg)

Kiara 1888 @ Mont' Kiara......

http://img02.picoodle.com/img/img02/7/3/23/f_DSC02685m_4e317f7.jpg (http://www.picoodle.com/view.php?srv=img02&img=/7/3/23/f_DSC02685m_4e317f7.jpg)

MK Meridin @ Mont' Kiara....

http://img03.picoodle.com/img/img03/7/3/23/f_DSC02692m_e559e38.jpg (http://www.picoodle.com/view.php?srv=img03&img=/7/3/23/f_DSC02692m_e559e38.jpg)

I Zen @ Tiffani @ Mont' Kiara....

http://img02.picoodle.com/img/img02/7/3/23/f_DSC02703m_97d82a1.jpg (http://www.picoodle.com/view.php?srv=img02&img=/7/3/23/f_DSC02703m_97d82a1.jpg)

MK10 @ Mont' Kiara....

http://img03.picoodle.com/img/img03/7/3/23/f_DSC02706m_7546086.jpg (http://www.picoodle.com/view.php?srv=img03&img=/7/3/23/f_DSC02706m_7546086.jpg)

I Zen II @ Mont' Kiara.....

http://img01.picoodle.com/img/img01/7/3/23/f_DSC01273m_af158cb.jpg (http://www.picoodle.com/view.php?srv=img01&img=/7/3/23/f_DSC01273m_af158cb.jpg)

Kiaramas Ayuria @ Mont' Kiara....

http://img03.picoodle.com/img/img03/7/3/23/f_P1020544m_7a611c4.jpg (http://www.picoodle.com/view.php?srv=img03&img=/7/3/23/f_P1020544m_7a611c4.jpg)

Lots of pics on MK developments on page before this....:)

jesmine, something's wrong with your picture codes and i can't see the pics...

Huh? I can see everything! Can you guys see them?

Huh? I can see everything! Can you guys see them?

ok, i viewed it in another browser and it is ok... sorry...

thanks for posting those pics, jesmine :okay:

Great updates, jesmine. I think the Meridin is progressing quite slow, which i suspected the sales might not be good as the rest of sunrise launches. In fact, a petrol station along nkve is setting up right beside the meridin podium. Not a good buy considering the noise and the petrol station. What you think?

Thank you for the photos, Jesmine! :okay:

But James says the units aren't selling so well? :(

Merdin is about 70% sold now, the units facing the highway still have some left. Overall, this is probably Sunrise's slowest development so far, but not to say sluggish or anything ler. Still can do.


However, I am not in favour of this development, especially of the units facing the highway directly. I don't dispute that any Sunrise's project will make the owners lots of moolahs, even as high as 100% appreciation, but somehow I am still not comfy with Meridin. :ohno:

Another shot of Kiaraville....

http://img01.picoodle.com/img/img01/7/3/27/f_DSC03521m_85413ab.jpg (http://www.picoodle.com/view.php?srv=img01&img=/7/3/27/f_DSC03521m_85413ab.jpg)

I Zen @ Tiffani....

http://img01.picoodle.com/img/img01/7/3/27/f_25mar07m_30459a9.jpg (http://www.picoodle.com/view.php?srv=img01&img=/7/3/27/f_25mar07m_30459a9.jpg)

Merdin is about 70% sold now, the units facing the highway still have some left. Overall, this is probably Sunrise's slowest development so far, but not to say sluggish or anything ler. Still can do.


However, I am not in favour of this development, especially of the units facing the highway directly. I don't dispute that any Sunrise's project will make the owners lots of moolahs, even as high as 100% appreciation, but somehow I am still not comfy with Meridin. :ohno:

It has to be bad luck. After all, sunrise can sell condos well even at undesirable location because of their reputation and sound developer. Only 70% sold so far is not common for sunrise record. Even mk11 is progressing faster than meridin, and the latter launched earlier by months. Not long ago, a worker died after a crawler crane collapsed and put it on hold for days. It has got to do with the soil because the rainwater from the hill is flowing down the meridin. Btw, any news on kiaraville todate? It has been long time i hvn't been to the site.

Hi James, on Kiaraville, it is about 96% sold now. They have recently increased all prices by 7% for the remaining unsold units. A standard 1593sf unit has jumped by about RM90K, and the very popular Type G, 3410sf unit has jumped by RM200K developer price alone. Very good news for all Kiaraville buyers. Prices are about RM500 persf now, from the initial RM380-450 persf.

James, just wanted to point out that the development you mentioned that was faster sold than Meridin is MK10, not MK11. MK11 is not launched yet, supposedly to be launched in mid 2007. As for Mk10, they are about 95% sold as well, in just a matter of a few months. Prices were exorbitant, about RM520-550 persf. As for MK11, prices are set to be way above RM550 persf, touching RM600 per sf.

The figures you put in for kiaraville appreciation is very attractive considering the place is still in construction stage. I think the rm500psf is still a bargain for an area which is relatively developed with many nearby condos r just moving into construction. Couple with the opening of solaris and the area is owned by this irekaland (which help to maintain price stability with launching more premium condos than kiaraville), i foresee kiaraville ll be the best performed condo in mk as far as the price concern.

Agreed. Definitely the best performing condo in MK now. Kiaraville not only is competitive in pricing, but also comes with very good quality of finishes. Where others in MK give porcelain tile flooring, Kiaraville offers marble slabs, not even marble tiles. Along with that comes a whole range of freebies and quality materials.

For Type G, 3410sf at Kiaraville, others with the same built-up in MK Damai and MK10 are already at RM2.3Mil and RM1.9Mil respectively. For Mk10, that is still the developer price. But for Type G Kiaraville, prices were actually around RM1.2Mil (now already at RM1.43Mil), which makes it a dem good buy.


This is the reason why for this type G alone, the potentials are massive, probably more towards 50-60% appreciation upon completion. That would be about RM1.8Mil conservatively, and it is still cheaper than MK Damai's 3300sf units at RM2.3Mil. Damai's finishings are definitely not as good as Kiaraville's. I have seen both developments.


No wonder why Binaderas decided to up prices for Type G especially by around RM200K at this stage. :) The other types have all gone up by around RM100K on average, and this is prior to completion. :)

Type G is a bit risky to invest. Yes, there is a possible 60% gain or more once completed but how much rental yield r u expecting? Taking in interest, maintainance fees and furnitures, i think its probably wont get you far ahead. But, i do like kiaraville development. The design is very fresh for mk area, many corners around the layout, which offer broader views.

As for the developer to raise price tag, i believe it has something to do with their next launch kiaraville second phase. If there is no price gain for kiaraville, would you launch kiaraville 2 so soon? There is another possibility, launch first and sell quickly as possible before kiaraville 1 is handover. Once buyers move into, the developers may face quality issues or late delivery if arises, which can directly affecting the developer name.

33 - storey ONE Mon't Kiara
http://www.onemontkiara.com.my/

http://img99.imageshack.us/img99/1787/457vv7.jpg (http://imageshack.us)

Constructions progress!
by Wiesigheid

http://farm1.static.flickr.com/164/437944023_44c7d88703_b.jpg

http://farm1.static.flickr.com/184/433739789_c85f23c7fd_b.jpg

http://farm1.static.flickr.com/167/433739795_a9a2b5b76e_b.jpg

i suppose that's Mon't kiara's first office tower??

that place is becoming a city by itself!! :eek:

views of Mont kiara from the highway look at the construction going on!!
http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/IMG_0823.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/IMG_0824.jpg

http://i35.photobucket.com/albums/d163/picaddict_1975/Hartamas%20Mont%20kiara/IMG_0827.jpg

:eek: the view was different just 2 years ago!

i suppose that's Mon't kiara's first office tower??

U r rite. Existing plaza mont kiara is rather low to our 'ssc standard' requirement. For the new tower, it ll be the ireka group new hq, one of the main developers in mk beside sunrise, ynh and asia quest.

Type G is a bit risky to invest. Yes, there is a possible 60% gain or more once completed but how much rental yield r u expecting? Taking in interest, maintainance fees and furnitures, i think its probably wont get you far ahead. But, i do like kiaraville development. The design is very fresh for mk area, many corners around the layout, which offer broader views.

As for the developer to raise price tag, i believe it has something to do with their next launch kiaraville second phase. If there is no price gain for kiaraville, would you launch kiaraville 2 so soon? There is another possibility, launch first and sell quickly as possible before kiaraville 1 is handover. Once buyers move into, the developers may face quality issues or late delivery if arises, which can directly affecting the developer name.

Huh? Rental yield conservatively should be around 9%, which means we can easily expect RM9-10K per month for Type G? Let's not talk about RM12K and beyond. Repayment is only about RM7K on average, so after maintenance and such, there is still a RM2K surplus at least wor. Not good?

It is very easy doing up Kiaraville units btw. The place is semi-furnished with all built-ins. I do Interior Design myself, and furnishing up the place would be a breeze this time. So much hassles eliminated, phew! If you know where to get bargains, and how to do it up effectively, you would be surprised at how little cost you actually need for a 3400sf unit. :)

Anyway, here's a pic of MK Pines, with the guardhouse currently being rebuilt, as part of their RM3.8Mil budget refurbishment.....

http://img03.picoodle.com/img/img03/7/3/30/f_DSC03483m_fe45c8d.jpg (http://www.picoodle.com/view.php?srv=img03&img=/7/3/30/f_DSC03483m_fe45c8d.jpg)

Huh? Rental yield conservatively should be around 9%, which means we can easily expect RM9-10K per month for Type G? Let's not talk about RM12K and beyond. Repayment is only about RM7K on average, so after maintenance and such, there is still a RM2K surplus at least wor. Not good?

It is very easy doing up Kiaraville units btw. The place is semi-furnished with all built-ins. I do Interior Design myself, and furnishing up the place would be a breeze this time. So much hassles eliminated, phew! If you know where to get bargains, and how to do it up effectively, you would be surprised at how little cost you actually need for a 3400sf unit. :)

Thanks 4 clearing my doubt. But looking on the progress pic you posted, i hv mixed feeling that it can be finished by year end. Anyone in the same industry ll think so probably because high end condo is no easy feat for local contractor. Think of binjai klcc. How long ll they take to finish? Most contractors are still coping with stringent quality issues (with more sophisticated design n details), and worst still, many subcontractors are not up to the standard required by these foreign investors, said capitaland for kiaraville. If you want quality finishing, pay them a good rate but then, how much the contractor is willing to pay them? Most of the profit pie r already snatched by the developer.

Hehe, most of us at Kiaraville are hoping that they only handover the place to us after CNY of 2008, sometime around March 2008 would be good. :lol: Most contractors and agents do not work as much in Dec, all through to CNY period. No point getting our keys earlier just to pay full repayments and maintenance charges (if any). Should be okay. Ireka was the main contractor for I Zen II as well, and although it was delivered late, the place is really surprisingly quite good in workmanship and finishings! At least quality is there. Would not want them to speed up just to give us horrible looking finishings. :)

by m_l_monschein

http://farm1.static.flickr.com/179/412626750_98105ca17f_b.jpg

MK is currently experiencing property boom. Check out the area day and night and you would be amaze on the construction activities taking place at full swing. Here's the latest compilation of on-going projects at mk 2007. More launches are underway.


http://img476.imageshack.us/img476/4839/montkiara39oz8.jpg

James is that the one right next to the jalan duta toll!!!

One Mont Kira
Taken last Friday

http://farm1.static.flickr.com/203/441556153_0c16b5b0a2_b.jpg

http://farm1.static.flickr.com/179/412626750_98105ca17f_b.jpg

I like this view a lot..but if can zoom in more, that will be even nicer :happy:

good work on the project naming there, James Foong!!

that area is crazy!!!

Penthouse condos
Saturday March 3, 2007
Features Saturday March 3, 2007
BY THEAN LEE CHENG
TheStar


Mayland plans high-end units in Mont Kiara- Hartamas area.

MALAYSIA Land Properties Sdn Bhd (Mayland), known for its large volume-small offerings of between 400 sq ft and 1,000 sq ft, is moving on to bigger things.

Managing director Low Gay Teck says the company is proposing to build large high-end units of 3,500 sq ft in the Mont’Kiara-Hartamas area to meet a market with an appetite for such units.

“Research shows that living in a condominium has become acceptable to many and there is this category who would like to exchange their bungalow for a condominium. Lately, there is also the issue of security. They also want a certain size. We have taken note of this. So having acquired this land, we want to do something different from what we have been doing so far,” says Low.

“This market would want the luxury of space and security, and we will offer that,” he says. There will also come with prices to match, with each unit expected to be around RM1.6mil. Each unit will have a minimum of four rooms. The project is pending approval from local authorities. Mayland hopes to launch this by the end of this year.




http://star-space.com/archives/2007/3/3/propertyfeatures/bw_10hartamas.jpg

The Hartamas Shopping Centre in Sri Hartamas, PJ.





The proposed freehold development will be on a site just under 2 acres and will be located a few hundred meters from Plaza Damas, another development by Mayland.

He says location is important for larger units to be successful and Mont’Kiara would be a good place to begin, as there are many families, particularly expatriates, in that location.

Mayland has been in Malaysia the last 15 years. For several years now, the Hong Kong-based developer has been known for its serviced units in integrated development Plaza Damas which straddles the Duta-Hartamas area. That development currently has 650 units of serviced apartments of between 400sq ft and about 700sq ft in two blocks known as Mayfair and Dorchester and some shop offices.

The Waldorf and Windsor blocks, its subsequent two projects after Mayfair and Dorchester, offers larger units of 500 sq ft to 1,700 sq ft. Together, Waldorf and Windsor will add another 680 units in that integrated development. They will be completed by the third quarter of this year. Waldorf is currently 90% sold, and Windsor 85%.

“Our service apartment are niche products of one or two rooms with a certain target audience comprising mostly young couples and single professionals. On the other hand, our Mont’Kiara project, which comes with very much larger built-ups, is targeted at another market. We like to diversify our market, instead of concentrating on just one segment of it,” says Low.

A property agent who specialises in the Mont’Kiara vicinity cautioned that popular though the Mont’Kiara may be as a high-yield rental market, because large units come with hefty rental of RM13,000 to RM15,000, they take a longer time to move. They also take longer to sell.

Says Stephanie Khor of i-Link Properties: “The most popular are those between 1,200 to 2,000sq ft units. Because the monthly rental is cheaper, between RM3,000 and RM5,000, they move faster.”

Khor says “about 60% of Mont’Kiara residents are expatriates; and there would be more executives than CEOs.”

She says Sunrise Bhd’s Damai is fully occupied because it pioneered the large unit segment (2,272 sq ft to 3,325 sq ft for standard units, 5,575 sq ft to 5,733 sq ft for the super deluxe, and 5,934 sq ft to 8,727 sq ft for penthouses). 10@Mont’Kiara came subsequently with 3,500 sq ft to 4,000 sq ft.

Besides keeping an eye on a new market segment, Mayland will at the same time, work on the third phase of its integrated Plaza Damas development located directly opposite the Hartamas Shopping Centre.

This six-acre development will have about 800 units of mostly studio-serviced apartments of about 500 sq ft. This will be priced at around RM400 per sq ft.

Low says the first phase of its service apartment in that area was priced around RM300 per sq ft, at about RM100,000 a unit.

“A lot of things have changed between the late 1990s and today, and cost of building materials have gone up quite a bit,” he says.

Low says the rental market and capital appreciation have been very good for those units.

“We have seen serviced apartment units transacting above RM180,000 a unit when the developer’s price was RM110,000,” he says; a fact acknowledged by i-Link Properties agent Stephanie Khor.

Khor says bare units are rented out at about RM900 and the tastefully furnished ones at about RM1,300.

“For a RM110,000, the yield is very good. Those units appeal to a certain lifestyle because all the conveniences are located within walking distance. Because the units are small, they are easy to maintain,” she says.

Continuing its work on Plaza Damas vicinity, Mayland will now move on to phase three where it will launch 80 units of its three-storey commercial shop offices in the second quarter of this year.

Its shop offices in its first and second phase, 90 and 70 units of four-storey commercial shop offices respectively, are currently transacting 50% above its developer’s price of RM1mil to RM2mil. They were launched in the late 1990s.

This third phase will also have a boutique hotel and the company is mulling over the possibility of an office complex.

To integrate the development that comprises 14 acres on the older phase and 6 acres on new one, a sky bridge will link the two.

On the congestion that may arise with some 2,130 units of service apartments (650 in Dorchester/Mayfair, 680 in Wardolf and Windsor and 800 in phase three), Low says studio units will have only one or two people per unit so there will not be much of a crowd.

“This is the studio apartment lifestyle. A number of the occupants travel widely and may be away for several days in a week. So I do not see congestion building up. Added to that is the space we have allocated for cars.

There are currently 2000 parking bays available in phase one and two, excluding those from Waldorf and Windsor, and another 1,600 and 1,800 parking bays in phase three,” says Low.

By comparison, Desa Hartamas has over 100 shophouse-style commercial space and only street parking.

Do you find this dense??

http://img170.imageshack.us/img170/7195/200704187td4.jpg

^^ Yes! From my perspective that's incredibly dense!

Nice photo ... thanks. :)

I wonder if the lowrise townhouses ever get any sunlight?

by ali packham

http://farm1.static.flickr.com/204/469573794_25aa361979_b.jpg

Kiaramas changing landscape

KUALA LUMPUR: Asia Quest Holdings Sdn Bhd’s current development, Kiaramas, is changing the landscape on the west side of Mont’Kiara.

Slowly but surely, the neigbourhood has begun to take shape since the Kiaramas development took off in 2001.

Neighbouring the Penchala Malay Reserve, the 45-acre project would be developed over eight phases.

The self-proclaimed boutique developer launched its fourth project, Gateway Kiaramas, in January, which it hopes to be “different in some special way.”

Chief executive officer Woon Chung Neng said Gateway Kiaramas was originally earmarked as a full commercial development, but had been revised to include service residences and corporate suites.

http://biz.thestar.com.my/archives/2007/5/3/business/p15-kiramas.JPG

“The idea came about due to the preoccupation with Soho (small office, home office). Soho has its place but I do not think it is a good idea to have such a project.

“The concept suggests you live and work in the same building.

“I feel in the long run, people will convert the whole unit to working than living. The appeal of staying (in the same unit) is lost as outsiders are allowed to come in often,” he told StarBiz.

Woon refined the idea to allow working and living in the same place, but in two distinctive blocks with easy access.

“We want to promote the walk-to-work concept,” he added.

The RM170mil Gateway Kiaramas is a “twinned development” comprising 168 Gateway Residences and 168 Gateway Corporate Suites, housed in 30-storey and 11-storey blocks respectively. It is linked by a sky bridge.

A sky club on the rooftop of the office block will offer facilities such as sky lounge, fitness centre, aquascape garden, sauna, hot water spa, lap pool and a children’s playground.

Commercial-related amenities on the ground and mezzanine floors will offer retail, food and beverage and convenience outlets that are expected to serve the larger Kiaramas community in the future.

Gateway Residences has units with built-up of between 743 sq ft and 3,563 sq ft, with prices ranging from RM328,200 to RM1.84mil. Each floor will have six units.

Gateway Corporate Suites has 16 units per floor, with built-up ranging from 1,012 sq ft to 1,776 sq ft. It is priced from RM454,700 to RM834,700.

Woon said two-thirds of the residential units were earmarked as small units (743 sq ft), targeted at two extreme groups.

“Firstly, young couples with no children, single (people) and foreign business people who want a local home here and, at the same time, a local office,” he said, adding that there were a number of foreign owners staying in the vicinity.

“The other group is our existing Kiaramas (property) buyers who may want to have an office within walking distance,” he added.

In marketing Gateway Kiaramas, the company is offering a discount for purchasers who opt for the “twin concept,” by buying both residential and office units.

“It is also a way for us to gauge market reception towards such an idea, which we could implement again in some other projects,” Woon said.

So far, it has sold 30% of the units, with completion scheduled for mid-2009.

On its next project, Woon said there were still four more phases to go before the entire Kiaramas development was complete.

“When we have achieved 70% in sales for a particular phase, we will launch the next project,” he added.

Bigger presence in high-end sector
Monday May 7, 2007
By ANGIE NG
TheStar (http://star-space.com/news/story.asp?file=/2007/5/7/propertyfeatures/17638033&sec=propertyfeatures)



A & M Realty Bhd wants to build a bigger presence in the niche boutique residential market with the launch of its high-end bungalow development in Shah Alam and luxury condominiums in Mont'Kiara.

It also plans to venture into lifestyle residences and resort development in Pulau Carey, near Klang, and other residential projects in Petaling Jaya.

Managing director Datuk Ambrose Ng said A & M was on the lookout to expand its land bank in the Klang Valley, including Petaling Jaya and Sungei Buloh, and other new growth corridors, such as the Iskandar Development Region (IDR) in south Johor.

“We have interesting projects lined up that will take the company to a higher level of achievement. We realise the need to position ourselves as a major player in the higher-end property market, which offers faster project turnaround and higher margins,” Ng told StarBiz.

In Shah Alam, the company will launch an Australian-lifestyle bungalow development on 30 acres located beside the company's Bukit Kemuning Golf and Country Resort and within the township of Kota Kemuning.

Amverton Park @ Kemuning Country Resort will offer 200 bungalows within a gated and guarded enclave with condominium facilities and round-the-clock guard patrol.

It will feature the widely popular Australian lifestyle living designs – practical and spacious homes complete with lushly landscaped boulevard and central park.

The spacious innovative layout offers room for individuality and a generous courtyard garden promotes a sense of space.

With lot sizes from 6,000 to 15,000 sq ft and built-up areas from 3,800 to 8,000 sq ft, the bungalows are priced from RM1.3mil to RM3mil.

The project, with a gross development value (GDV) of RM240mil, will be launched in September and completed in five years.

Targeted at upgraders and young professional couples, it will be the company's “jewel in the crown” and marks A & M's foray into boutique development.

In Mont'Kiara, the company plans to build a condominium project on one of the highest points there, located 140 metres above sea level.

The 3.03-acre plot was purchased last month for RM16.8mil, or RM120 per sq ft.

There will be two blocks of 18 and 30 storeys housing 190 condominium units.

With built-up of 2,200 to 4,000 sq ft, the residences will be priced from RM400 per sq ft for a GDV of RM300mil.

With only two units on each side of the two wings, the units have been designed to promote privacy and exclusivity.





http://star-space.com/archives/2007/5/7/propertyfeatures/16montkiara.jpg

Artist's impression of A & M Realty's condominium project in Mont'Kiara





“The condominiums can be connected to become a bigger unit where parents can live close to their children as an extended family and yet have their own private place,” Ng said.

The main feature of this development is that most of the facilities are at the rooftop, commanding a good view of the Kuala Lumpur skyline and privacy. Facilities provided include a swimming pool, gymnasium and sky lounge.

The residences will be priced from RM400 per sq ft for a GDV of RM300mil.

Planned for launch later this year, the project will be completed in the next three years.

Analysts are bullish that with its line-up of more upmarket projects, A & M's earnings would surpass RM20mil this year.

For the year ended Dec 31, 2006, A & M posted a pre-tax profit of RM24.4mil on revenue of RM91.99mil.

In a recent report, Standard and Poor's said A & M’s main attraction was in its undervalued assets, especially the land bank in Pulau Carey, Klang.

If the land is revalued to RM1.20 per sq ft from the low book value of just 2.4 sen per sq ft now, it will boost the company's net tangible asset by RM1.87 per share.

YNH unit to buy land for super condominium
03-05-2007
THEEDGEDAILY


YNH Property Bhd’s unit Kar Sin Bhd has entered into a memorandum of understanding (MoU) with Suasa Sentosa Sdn Bhd to purchase from the latter a 1.08ha parcel of land in Mont'Kiara, Kuala Lumpur for the development of super condominium.

YNH told Bursa Malaysia on May 3 that the planned super condominium would have a built-up area of more than 3,000 square feet per unit, with the minimum selling price of RM2 million per unit.

It said the estimated gross development value of the project was RM300 million, and that it intended to launch the project in the second half of the year, upon completion of the land acquistion.

It added that the price of the land would be determined later.

Upper Mont Kiara today:
http://img122.imageshack.us/img122/9808/p1000279aj3.jpg


From the Garden International School overlooking MK central
http://img87.imageshack.us/img87/3323/p1000238rw3.jpg


Near completion Sunrise's MK Designer Suites (left)
http://img441.imageshack.us/img441/7933/p1000241ii0.jpg

^^ those pictures "feels" like singapore

Mont Kiara frenzy effect is slowly encroaching towards Kg. Segambut Dalam, One of the last malay reserve land in kl.
http://img441.imageshack.us/img441/1097/p1000388af2.jpg


Part of the hill along NKVE is dying.
http://img441.imageshack.us/img441/7600/p1000391xx7.jpg


MK land is now fetching a new record of above RM550 psft. Still 2x cheaper than klcc current price. Better invest now as MK land is getting occupied completely.
http://img441.imageshack.us/img441/6373/p1000414ec4.jpg

http://img441.imageshack.us/img441/5848/p1000469xd4.jpg

marvelous view of KL skyline!! i guess most of the units there have a view of other condos ?

19th May.

http://img519.imageshack.us/img519/5241/200705159sv4.jpg

Yes... is this the view from Kiaraville ?

No. It was taken from KL tower.

The riches r flocking to here.

http://img244.imageshack.us/img244/6756/p1000961ml9.jpg


Love the sight!

http://img244.imageshack.us/img244/5906/p1000960gj5.jpg

everytime i look at Mont' Kiara, i won't fail to go :eek2::eek2:

Yup, that place is really dense.

Hi everyone,

I'm new to the site - just registered.

Was wondering what the experts here think of Kiara 1888 (at about RM400-RM410 psf range) for their units on their 3-bedroom units (1636 sq ft) on the 10th floor? Worthwhile getting at this price?

Also I had read some concerns expressed on this site (posted in 2005/2006) that the location of Kiara 1888 was too near the Segambut kampung area but would anyone know if that is now not that much of a concern given the other developments in the area and potential developmental work on the Segambut kampung area?

Grateful for your insights.

Thanks and warmest wishes,
Sam

Hi...Welcome Sam***!

10 @ Mont’Kiara

Defined as ‘super bungalows in the sky’, 10 Mont’Kiara essentially represents a landmark in luxury living in Sunrise Mont’Kiara. Based on a modern minimalist architectural concept, it comprises of 332 units housed within two towers.


http://www.sunrisebhd.com/portalsunrise/Portals/0/MK10.jpg

Mont'Kiara Banyan

http://www.sunrisebhd.com/portalsunrise/gallery/images/mkbanyan_index_pix.jpg

Located on approximately 3 acres of prime, freehold land, is Mont’Kiara Banyan, the newest member in the exclusive Sunrise Mont'Kiara Integrated Global Village family of condominium developments. Mont’Kiara Banyan offers a total of 147 units, and all units feature an open concept that emphasizes a visual and spatial connection between living, dining, and kitchen areas.

Kiara Designer Suites

http://www.sunrisebhd.com/portalsunrise/gallery/images/mkds_index_pix.jpg

Among one of Sunrise Berhad’s latest lifestyle developments is the luxurious Kiara Designer Suites, a serviced apartment project in Mont’Kiara. With an architectural theme that is clean, modern and sophisticated, the development will be ‘balanced’ with a natural tropical forest landscape, providing an ambience of peaceful serenity.

by stefan_olofsson

http://farm2.static.flickr.com/1386/871208446_18630ecb01_o.jpg

Aug 13, 2007.

Taken this from Matrade Building.

http://img527.imageshack.us/img527/6104/20070832co6.jpg

1.
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2.
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3.
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4.
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5.
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YNH plans RM2.1bil projects in KL
Monday September 17, 2007
By DAVID TAN
TheStar


http://biz.thestar.com.my/archives/2007/9/17/business/p5-dutakiarai.JPG

The Duta Kiara 163 Suites project by YNH

YNH Property Bhd plans to launch luxurious residential and commercial projects with an estimated gross development value (GDV) of RM2.1bil in Kuala Lumpur in late 2007 and early 2008.

Group financial controller Y.M. Chan said the highlights were the RM300mil Duta Kiara 163 Suites and the RM600mil D'Kiara Place that would start construction in early 2008.

“The Duta Kiara 163 Suites, located on a 2.8-acre site adjacent to Duta Nusantara, will comprise 110 units of luxurious condominium.

“Each unit, with a built-up area of at least 3,800 sq ft, is priced at about RM3mil,” he told StarBiz.

He said the construction would start in the first half of the year 2008 and was expected to be completed in 2011.

The D'Kiara Place project, located next to Plaza Mont'Kiara, is a mixed-development scheme on six acres comprising retail units and service condominiums.

It will have two 42-storey blocks of 584 service apartments, a 23-storey office block, and one block of seven-storey podium, comprising three stories of retail lots and four stories of auditorium space.

“There will be two blocks of four-storey car park bays,” said Chan.

The present selling prices of the residential and commercial properties in the Mont'Kiara neighbourhood range between RM350 and RM500 per sq ft, depending on the type of property.

“We expect the selling prices of our project to appreciate between 10% and 15% per annum,” he said.

The D'Kiara Place is expected to contribute to the group's revenue from 2008 till 2012.

Chan said the RM1.2bil project Menara YNH located along Jalan Sultan Ismail on a 3-acre site beside Shangri-La Hotel would start soon.

“Several reputable and global players from Hong Kong, Singapore and New York have come to negotiate with us on a joint venture to develop the project and the negotiations are progressing well.

“The project involves the construction of a single iconic office tower. We intend to call for tender on the construction of the project very soon,” he said.

The Menara YNH project is targeted for completion in 2011.

Chan said the group had about 17 acres of land bank in various prime locations of Kuala Lumpur such Jalan Sultan Ismail, Changkat Kiara, Duta Nusantara, and Duta Solaris.

“We plan to launch luxurious residential property schemes, comprising high-rise properties, there in 2009. The GDV for the forthcoming projects, scheduled for completion in 2013, is estimated to be over RM900mil,” he said.

For its second quarter ended June 31, 2007, YNH posted RM22.4mil in after-tax profit on the back of RM68mil revenue, compared to RM20mil and RM57mil respectively in the previous year's corresponding period.

Listed on Bursa Malaysia in 2003, the group started its real estate business in 1987 in Sitiawan, Manjung and Lumut in Perak, where the group's flagship Bandar Manjung Point township sits.

The project will provide stable revenue of about RM75mil per annum with the construction of 500 commercial and residential units each year.

There is about 1,000 acres of land bank left in Bandar Manjung Point township which the group can develop residential and commercial properties with a gross sales value of RM2.2bil.

The development projects for this land bank in Perak will be carried out in phases for the next 20 years.

by jo'nas

http://farm2.static.flickr.com/1098/1445146410_9d05b84e7f_o.jpg

RM165m projects to boost Merge Housing earnings
29/11/07
By Jeeva Arulampalam

PROPERTY developer Merge Housing Bhd expects future earnings to come from its projects in Mont' Kiara and Jalan Puchong, which have a total gross development value (GDV) of RM165 million.

It is building bungalows in a gated community in Mont' Kiara.

Managing director Lee Kuang Chong said Merge Housing will hand over 16 bungalows to the landowner, comprising two families, by January.

In total, there are 39 lots spread across 3.85ha with a minimum GDV of RM75 million.

"For 2008, we are targeting to sell the remaining 23 plots of land. We are having initial talks with interested parties who want to make a bulk purchase, and we are targeting RM5 million to RM7 million per unit if we build the bungalows," Lee told reporters after the company's annual general meeting yesterday.

As for the development along Jalan Puchong, Merge Housing will build a 308-unit condominium with a GDV of RM90 million.

"We are in the midst of submitting the building approval to DBKL (Kuala Lumpur municipal), and target to launch by end-2008," he said.

Merge Housing also has two commercial plots of 20,000 sq ft and 19,000 sq ft respectively along Jalan Puchong.

"We've had people approach us to build an exhibition centre, furniture showrooms and mini-markets. We don't want to divide the parcel into shoplots," he said.

Aside from these two projects, it also has existing projects in Puchong, Subang 2 and Bukit Jelutong, Shah Alam.

The 20.25ha Puchong project is in the planning stages and the type of development has yet to be determined.

"In Subang 2 we have a balance of 81ha, and we are in the midst of getting a university college to set up there," Lee said, declining to provide a name.

He said that since the population has matured in Subang 2, Merge Housing is in talks to attract hypermarkets to set up there.

"Our strategy is to hold the land until the value can be fully realised," he said.

Lee added that Tesco hypermarket will be venturing into its Bukit Jelutong commercial development as an anchor tenant.

He also disclosed that Merge Housing will move away from being a sole developer and branch into realty.

"We are looking at signing more deals to increase the worth of our developments for the next one to two years," he said.

KIARA HILLS CONDOMINIUM - 8/2/08

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Kiara park work to begin early next year

By LISA GOH

KUALA LUMPUR: The planned 188.93ha Bukit Kiara Public Park, about the size of about 300 football fields, should begin groundwork by the first quarter of next year.

National Landscape Department director-general Datuk Ismail Ngah said that in the meantime, feedback will be gathered from various parties such as experts, residents and non-governmental organisations, with its focus on the park's design.

"The park should take about three years to complete. We don't intend to rush it either as the site is very sensitive.

"The entire cost for the park will depend on its design, but the Cabinet has approved an initial sum of RM250mil for this project," Ismail told a press conference after launching the three-day Bukit Kiara Public Park Development Plan seminar at the Bangunan Bakti Siti Hasmah here on Tuesday.

He said that while other world famous parks such as London's Hyde Park, New York's Central Park and Australia's Kings Park would be used as reference for the Bukit Kiara park, it would still have a Malaysian identity.

"Our climate is very different from theirs, so we need to make it uniquely Malaysian.

"We are going to design it along with nature. We won't be uprooting the trees and replanting as with many other parks," he said.

New residential development in Mont'Kiara

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Artist's impression of Selayang Point, BTC Development's ongoing project

KUALA LUMPUR: Sabah-based developer BTC Development Sdn Bhd (BTC Development) will be launching its first Mont’Kiara residential development in Kuala Lumpur early next year.

BTC Development manager Hii Ik Tiing (pix) told theSun that plans for the 3-acre freehold project, located behind the Garden International School, has since been revised to comprise 30 strata-titled landed units and a clubhouse. He said the gross development value (GDV) is now approximately RM100 million with prices close to RM1,000 psf.



“We will submit the plans by next month and hope to get the development order by end of the year,” said Hii. The project was originally planned to be a RM70 million development comprising
30 units of 2- and 3-storey townhouses, semidees and bungalows to be sold at RM500 psf.

The new plan is based on a “modern rainforest” concept and the homes will be Mediterranean-styled homes. Each unit will be built according to the terrain, which is on sloping land. “Due to the shape of the land, each unit will be different from the other. That is the uniqueness of this development,” said Hii.

“We have also engaged a well-known foreign architect and designer to come up with the plan and we hope to sell it partly or fully furnished, complete with the interior design,” he also said.

Targeted at the local market, Hii said that the gated and guarded development would be extensively landscaped and some units, on which the terrain allows, would also feature lifts and swimming pools.

He also said the units will range between 2-storeys and 5-storeys, with built-ups between 3,200 sq ft and 7,000 sq ft.

BTC Development, previously known as Borneo Trading and based in Sabah, has so far developed small residential projects in Sibu and Kuching. Its first project in Peninsular Malaysia is the ongoing Selayang Point development in Selayang Jaya, a RM110-million mixed development.

According to Hii, Selayang Point is a freehold project comprising 375 condominium units and 71 retail shoplots housed in a 23-storey building, and 17 units of 3-storey shopoffices in a separate
building located in front of the high-rise building.

First launched in late 2004 is Tower A, which houses 189 condominium units, the retail shoplots and shopoffices. “The condos and retail shoplots in Tower A are both 90% sold and there is only one shopoffice unit left,” he said.

Meanwhile Tower B, comprising the remaining 186 condominium units, have been 60% sold since its launch in June last year, said Hii. “Our buyers are mainly from Selayang, Kepong and Rawang,” he added.

Sized between 1,010 sq ft and 1,141 sq ft, the 3-bedroom, 2-bathroom condos are available in four designs, with prices ranging between RM158,000 and RM220,000.

Meanwhile, located on the first two floors are the retail shoplots sized between 375 sq ft and 1,800 sq ft. These are priced between RM112,500 and RM1 million.

Maintenance fee, including sinking fund, is 12 sen psf. As for the shopoffices, which has a lot size of 24ft by 65ft, prices begin at RM988,000, with corner units costing RM1.8 million. A total of 150 basement and 70 outdoor parking bays will be allocated for the commercial units while the residential units would have 412 bays.

“Each unit comes with a parking bay and residents may purchase additional bays at RM10,000 each,” said Hii, adding that there will also be amenities such as a swimming pool, rooftop garden and children’s playground. Completion of the entire development is expected in June.

By theSun (by Yeong Ee-Wah)

Mayland plans RM1.2b KL, Johor projects
By Vasantha Ganesan
Published: 2008/04/04

MALAYSIA LAND Properties Sdn Bhd (Mayland) will launch properties with a gross development value (GDV) in excess of RM1.2 billion in Kuala Lumpur and Johor this year.

The projects include Plaza Damas Phase 3 offices in Sri Hartamas (RM200 million), four serviced apartment blocks (RM600 million) in Sri Hartamas and Sri Putramas 3 on Jalan Kuching (RM300 million).

Group general manager Yap Boon Teck said two other projects will be launched in Johor, which include 400 units of townhouses and 2,000 units of serviced apartments in Mount Austin.

"Both these (Johor) projects will take off this year," Yap said, adding that RM1.2 billion GDV does not include the Johor projects.

He was speaking to reporters at the signing and mock cheque presentation ceremony between Mayland and two of its buyers - Koperasi Pendidikan Islam Malaysia Bhd and Maximerge Capital Sdn Bhd.

Maximerge bought 18 out of the 72 units of Plaza Damas Phase 3 for RM45.7 million while Koperasi Pendidikan Islam has acquired eight units for RM20.07 million.

Maximerge was represented by its chief executive officer Terence Yooi Sing Keen while Koperasi Pendidikan Islam was represented by its chairman Mustapa Kamal Maulat.

According to Yap, 95 per cent of the 72 units have already been sold since its soft launch last week.

He added that three service apartments - Chelsea, Charton and Cliveden will be built above the new Plaza Damas.

A 27-storey apartment block will also be built on an adjacent piece of land.

At present, Mayland has some 202ha of land in Klang Valley and Johor.

"We are in the final stages of acquiring two more parcels of land in Selangor measuring 4.05ha," Yap said.

Brisk sale of Plaza Damas 3
KUALA LUMPUR: Malaysia Land Properties Sdn Bhd (Mayland) registered sales of about RM160mil, or a take-up rate of 95%, for its 72 shop offices in Plaza Damas 3 project in Sri Hartamas.

The one-to three-storey shop offices were soft launched last week.

Bulk buyers Maximerge Capital Sdn Bhd and Koperasi Pendidikan Islam Malaysia Bhd took up 18 units worth RM45mil and eight units worth RM20mil respectively.

Marketing manager Michelle Won said other purchasers were from the group's existing clientele.

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From left: Maximerge Capital Sdn Bhd CEO Terence Yooi Sing Keen, Michelle Won and Mayland group general manager Yap Boon Teck with a mock cheque at the signing ceremony.

“Some of the purchasers are tenants from our Plaza Damas 1 and 2 project,” she said at the signing of agreements with Maximerge and Koperasi Pendidikan yesterday.

Won said Plaza Damas 3 would also comprise 1,500 serviced apartments that would be launched in three months.

“Collectively, the entire Plaza Damas 3 project will have a gross development value (GDV) of RM800mil,” she said.

Plaza Damas 3, located within a 15km radius covering Sri Hartamas, Mont' Kiara, Damansara Heights and Kenny Hills, would be linked to the earlier phases via an overhead bridge link, Won said.

Mayland will next be launching its Sri Putramas 3 condominiums in Jalan Kuching and a residential project in Johor Baru.

“The (Sri Putramas 3) project will have a GDV of about RM300mil, and we plan to launch that in three months as well,” she said.

“We will be launching our residential project comprising 400 townhouses in Johor Baru,” Won added, but did not specify a date.

Won also said the group was in the final stages of completing the purchase of 10 acres in the Klang Valley.

Mayland had under 500 acres of undeveloped land, mainly in the Klang Valley and Johor Baru, she added.

Plaza Damas

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GCH unveils new services at Mont’ Kiara outlet

KUALA LUMPUR: GCH Retail (M) Sdn Bhd expects the new Korean, Japanese and Taiwanese food section at its 17th Cold Storage outlet to contribute about 8% to the outlet's revenue in the first year of operations.

GCH is a unit of the Dairy Farm Group, which operates Giant hypermarkets as well as Giant and Cold Storage supermarkets.

Marketing director Ho Mun Hao said: “We hope to tap into the huge growth market of expatriates in Mont' Kiara by offering Japanese, Korean and Taiwanese food so that expatriates can get what they want within the area.”


GCH operations manager Charles Van Coller (right) and Ho Mun Hao showing the dairy products section at the Cold Storage Solaris outlet.

With investment of RM6mil, the highest investment in a Cold Storage outlet to date, Cold Storage Solaris has a built-up area of 25,000 sq ft and is the first outlet to house a cafe on the upper floor.

The group invested about RM120,000 in the cafe, which offered international brands of bottled beers, Ho said at the opening of the outlet at Solaris Mont Kiara yesterday.

Cold Storage Solaris also introduced new sections such as a walk-in wine chiller, fresh juice corner and a section that sells biodegradable cleaning products.

“We are confident this new outlet will become our best-performing outlet, surpassing the performance of our Bangsar outlet,” Ho said, but declined to disclose the turnover of the Bangsar outlet.

In addition to Mont' Kiara, the company hopes to attract expatriates from neighbouring areas such as Kenny Hills and Taman Duta.

Ho said GCH would open two new Cold Storage outlets – in Alamanda shopping complex in Putrajaya and Green Heights in Kuching – next month.

Plaza Damas

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Plaza damas 3

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From isolated settlement to a thriving metropolitan suburbia

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Looking for the right location to invest in a property is always the primary concern of any investor. Specifically when purchasing a commercial property, it is absolutely vital. Not too long ago, when Sri Hartamas was first being developed, many thought of it as a mundane suburb that would be slow to boom and be accepted as a commercial hub. Prior to the mid 1990s, most investors shunned away from investing in properties in Sri Hartamas due to its isolated location then. There wasn’t the infrastructure seen today nor were there an affluence of human traffic which is the core essentials for any business. The lack of infrastructure, poor amenities and facilities further contributed to the lacklustre response from investors.

The economic renaissance during the mid 1990s saw a changing pattern towards shaping the Sri Hartamas development fuelled by the growing demand for properties in and around Kuala Lumpur. Soon, huge condominium projects mushroomed in Mont’ Kiara and many successful commercial properties sprouted all across the area, for instance Plaza Damas. This was a sign of what was to become one of the most successful and thriving residential and commercial hubs in the country. With that the expanding development grew into a massive township which experienced an influx in the population made up of professionals from both local and expatriate families. Security intensified and businesses flourished transforming Sri Hartamas into an international community.

This phenomenal growth was also due to the demographic location of the development. With the convenience of 2 highway linkages via the New Klang Valley Expressway (NKVE) and Damansara-Puchong Expressway (LDP), travel to and from the city as well as any other part of Klang Valley is shortened even during peak hours. Another unique benefit is that it is encircled by green rolling hills that add to the feeling of being within a private haven away from the snarling traffic and polluted environment of the city.

FREEHOLD 5-star shop-offices amidst the manicured aesthetics of a modern community

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Mention Plaza Damas, Sri Hartamas and you will be surprised how it has somewhat become a household name synonymous with the chic lifestyle in Sri Hartamas. The first two phases that were developed saw an exceptional take up rate within only a short period of time and is completely sold out.

Now, Plaza Damas 3 is well underway to make waves yet again among business owners and investors. This distinctive development, once completed will offer shop-offices as well as service apartments to those who missed out on the opportunity before. These shop-offices are poised to deliver high capital appreciation and superb rental yield like its predecessors, Plaza Damas phase 1 & 2. Unmatched features of this property include a large catchment of over 750,000 people within a radius of 15km that encapsulates the entire Sri Hartamas, Mont’ Kiara, Damansara Heights and Kenny Hills area. Without a doubt, this is a prime location for prominent businesses to converge. Security is also a key feature here as your property is under constant watch with 24-hour security and CCTV surveillance.

Indulge in convenience with the many existing amenities around

With the already existing amenities and facilities all around, Plaza Damas 3 is a self-contained integrated commercial, retail and residential nucleus. It is a brilliant address with congestion-free traffic and is also close to international schools and colleges while driving distance to Duta High Court, Income Tax Department, Matrade and the Education Department is a mere 3 minutes away. For businessmen who prefer conducting business in a more relaxed surrounding, there are 2 golf courses, a country club, a posh health club and spa close by.

Each shop-office unit is designed with wide frontage and offers built up sizes of 26’ x 45’ with a price range starting from RM2.4 million by en bloc sale. There will be a total of 72 units of shop-offices which is linked to Hartamas Shopping Centre via an overhead bridge. This is a property not to be missed as the attributes of its ideal location need no introduction.

Visit their sales office at K-08, Plaza Damas, No.60, Sri Hartamas 1, 50480 Kuala Lumpur or call 03-6201 8088 / 8281 to find out how you can take your business to the next level by being one of the select few to own a shop-office in such a distinguished address. For information on their other successful developments log on to www.mayland.com.my.

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11 May 2008

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15 May 2008.

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Golden Triangle and Mont’Kiara still hot spots


KUALA LUMPUR: The Golden Triangle and Mont'Kiara continue to remain the top “hot spots” in the Klang Valley for property investments as these areas have shown marked increase in capital appreciation.

Property map “guru” Ho Chin Soon said some condominiums in the Kuala Lumpur City Centre (KLCC) development had breached RM2,000psf while the price of condominiums in the affluent Mont'Kiara neighbourhood were also rising.


Malaysia is an excellent country in Asia to invest in... HO CHIN SOON
Ho, who is the managing director of Ho Chin Soon Research Sdn Bhd, said the spill over effects from these “hot spots” was apparent but only in certain locations.

The Klang Valley, he noted, would remain the No 1 growth region in Malaysia for many years.

“Malaysia is an excellent country in Asia to invest in because of excellent infrastructure, solid legislation protecting land rights and liberal policies for foreign investors,” he said in his talk at the Malaysia International Property Showcase yesterday.

“We need to fine tune our economic policies to compete with the rest of the world in the light of globalisation. In order to compete we have to change. The recent 12th general election has started the ball rolling.

“People voted for change. They want greater transparency. There should no more be negotiated deals or land alienation but tenders and public sale of land,” he added.

Ho said there had been a lot of foreign interest in Malaysian property, especially last year when investors from South Korea and the Middle East bought office and condominiums en bloc.

He also advised investors to do their “home work” carefully and buy from reputable developers, as there were signs of the market softening.

“We have to take what developers tell us with a pinch of salt. Rental yields are going to come down,” he said in response to a question on the many vacant units in Mont'Kiara.

found new projects in mont kiara

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the latest from Asia Quest

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1block 20storey...

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lot 1906-1block 40storey

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the icon by mahsing under construction???

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laman duta by ijm...

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new from mayland

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and many more.....

Mont Kiara projects brave slow KL market
by Pete Wong

The Malaysian property market appears to be in the doldrums. It started with the subprime crisis in the US followed by the global hike in food and oil prices. The cost of building materials also went up sharply. The final nail in the coffin, however, was the unpopular government move to increase petrol prices by 40 per cent, despite Malaysia being an oil-producing country. "Of course, I am worried," says Chris Low, managing director of Monday-Off Development and developer of One Kiara project when asked whether the current market situation is cause for concern. With higher petrol costs and rising inflation, market sentiment has turned cautious and it is harder to convince homebuyers to part with their money. And developers are finding it increasingly difficult to turn a profit. Some have even decided to postpone their project launches.

Some analysts are saying that buying sentiment would remain cautious until UMNO’s party elections in December, after which a clearer political scenario would emerge. UMNO, which stands for United Malays National Organisation, is a member of the ruling Barisan Nasional coalition and Malaysia’s largest political party representing the Malays. Projects that were launched several months ago are now caught in a bind. Developers have had to go back to the drawing board to crunch the numbers again to see how they can cut costs to mitigate the rise in material and labour costs. This may result in buyers not getting their money’s worth when building materials are replaced with cheaper versions. However, there is still a fair amount of buying when the price is right especially for retail units where rental returns are expected to be higher. For example, IOI Properties’ recent launch of its freehold retail units at IOI Boulevard was met with overwhelming response. The units were sold out within the first day.

Technically, Malaysia is still "outperforming the region slightly but inflation would be a big worry for the economy," according to KFH Research group chief economist Ms Baljeet Grewal. Malaysia’s first-quarter GDP growth was an impressive 7.1 per cent.

"On hindsight, I’m glad I didn’t launch my project earlier," says Low. His upmarket One Kiara condominium project in Mont Kiara is scheduled for launch in August. "I’m planning my launch based on building material cost at today’s prices which are already at an all-time high so I am relatively secure in the knowledge that I will not have to drastically make price adjustments later," explains Low. As a business owner in the hardware supply business for over 20 years, Low is in the best position to know the ups and downs of building material costs. One Kiara is his maiden project and Low says there will be a lot of emphasis on offering buyers top-grade fittings in public areas like the entrance foyer and lift lobbies as well as in the unit interiors. One Kiara is a freehold twin tower project. Tower A will have a total of 118 units with six being duplex units. Regular units will range in size from 2,174 to 2,756 sq ft while the duplex units will be from 5,000 to 7,000 sq ft. The selling price is estimated to start from RM700 per sq ft for the regular units and from RM800 per sq ft for the duplex units. "The units will be very exclusive as there will only be four units on every floor and each unit will be serviced by a private lift," says Tan Kar An, One Kiara’s project advisor. "The unit owners will each get three car parking slots", Tan adds. Every room inside the units will have an en suite bathroom and each unit will also have a large L-shaped balcony. Tower B is scheduled for launch next year and will have a total of 108 units. Besides the regular units, there will be eight duplex units averaging 5,000 sq ft, four triplex (three-level) units averaging 8,000 sq ft and a penthouse unit with more than 20,000 sq ft. "Upon completion, there will only be 226 exclusive units available. We intend to make One Kiara an iconic structure in the Mont Kiara area with its distinctive glass pyramid rooftops and other luxury features," says Low. One Kiara will incorporate amenities like an Olympic-length (50m) swimming pool, tennis courts, squash courts, karaoke, gym, reading and multi-purpose rooms, among others. "We even have a rain-harvesting system, possibly the first of its kind for a residential project," says Tan. With this system, rain water can be used for watering the plants and for general cleaning purposes. Meanwhile Sunway City is preparing to launch two luxury properties in prime locations in Kuala Lumpur. Sunway Vivaldi at Mont Kiara will offer 228 units spread over 7.7 acres of freehold land. Palazzio is the other luxury project, located in the posh Damansara Heights neighborhood. It will feature 20-storey twin towers with only 80 units on each block. Built-up areas will range between 2,507 and 5,327 sq ft. Launch dates have not been set but both projects are open to interested buyers for registration.

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Mont Kiara Residential Development, Kuala Lumpur, Malaysia

Five 30-33 storey residential buildings with 633 units
2-storey clubhouse
5 level basement parking
Total GFA of 246,700 s.m.

nice....5 difnt designs by 5 difnt architects?
could be here???
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Another new condo project in Mont Kiara

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The proposed development consists of 4 blocks of 32 storey medium to high cost condominiums, 4 blocks of car parks and a 3-storey clubhouse.

dis could be here
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Condo prices in Mont’ Kiara, Sri Hartamas hit new high
By S. C. Cheah


New projects in these areas attract investors and home owners

THE high-end property boom of the last few years, particularly in the top two prime locations in the Klang Valley – KLCC and Mont' Kiara/Sri Hartamas, has made it increasingly more expensive to own a condominium, serviced apartment or landed property.

In the case of Mont Kiara (MK) and its adjacent Sri Hartamas, an affluent neighbourhood popular with expatriates, prices of newly launched condominiums have shot up to over RM800 psf with some hitting the RM900 psf mark!

In the early 1990s, condominiums built by the Sunrise Bhd Group such as the MK Pines and MK Palma were around RM300 psf.

Despite fears of over building, soaring prices and congested vehicular traffic, this neighbourhood has continued to attract both investors and home owners, Today, it has evolved into a very self-contained, much sought-after residential enclave of top quality condominiums, bungalows/villas and other high-end residential properties.

As Henry Butcher Marketing Sdn Bhd chief operating officer Tang Chee Meng said there was now a greater variety of property types available compared to the early days of Mont' Kiara's development.

“While the earlier developments have average built-up areas of 1,200 to 1,800 sq ft (MK Pines, MK Palma and Vista Kiara) catering to small and medium sized families, the newer projects that have been launched in Mont' Kiara and Sri Hartamas offer a greater variety of unit types catering to different budgets and preferences,” he said.

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Artist's impression of II Mont Kiara

They range from very small studio units of 400 to 600 sq ft (Mayfair and Dorchester) catering to singles; small units of 600 to 800 sq ft (Verve Suites, One Kiara) catering to singles and newly married couples; standard sized units of 1,000 to 2,000 sq ft units (One Kiara, Kiara 3, Cerian Kiara) catering to small and medium sized families and large units of 2,000 to 3,000 sq ft units (11@MK, Seni Mont' Kiara) catering to more well off families.

“There are also the super large units of above 3,000 sq ft (Matahari, MK10) for the well heeled. As the prices of the condominiums in Mont' Kiara and Sri Hartamas have gone up, the profile of the buyers also indicate that they are now of a higher income group,” he said, adding that condominium prices in Mont' Kiara have gone up significantly.

“While the prices of condos in Mont' Kiara used to be around RM300 to RM600 psf in 2006, newer projects launched since 2007 have pushed the prices to new threshold levels of RM600 to RM900 psf.”

“Some of these new projects are Sunway Vivaldi (RM800 to RM900 psf), Palazzio (RM840 psf), and Matahari (RM800 psf). Generally for a RM1mil property, based on an 80% loan and an interest rate of 5% per annum for 20 years, the qualifying monthly income is RM15,000 whilst the monthly income required to qualify for a 80% loan for a RM2mil home will be RM30,000,” he said.

According to Tang, the nearly sold-out Kiara 1888 that Henry Butcher marketed has risen 25% to 30% although it is still under construction while Kiara 9 has been released at new benchmark prices.

Meanwhile, the current economic uncertainties have seen some people adopting a “wait-and-see” attitude. There are also signs of over-building in many places including Mont' Kiara.

Tang agreed that while rentals have remained stable, vacancy rates appeared to have increased due to the large number of units that have been completed in Mont' Kiara.

“One of the chief concerns of potential investors is the fear of oversupply of condos in Mont' Kiara and whether the rental market will hold. Another concern is the worsening traffic congestion due to the increased number of residents in the area,” he said.

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The Soho KL at Solaris Mont Kiara

With scarcity of land in Mont' Kiara, industry observers believe that developments in Mont' Kiara will spill over to Segambut.

“We believe that in years to come, Mont' Kiara and Segambut will be linked up in a seamless corridor by the new developments. For the moment there is still a price disparity as projects at the Segambut side are still significantly cheaper. In future this price disparity may be narrowed although we believe that there will always be the price differential,” he added.

Tang said overall the property market would be soft, in view of the political uncertainty as well as the slow down in economic growth but the Mont' Kiara/Sri Hartamas area would still continue to attract interest.

“However, investors are now more cautious and will be more selective. Projects with more innovative concepts undertaken by reputable developers will still be able to attract interest, provided that investors are convinced that the pricing is fair value vis a vis the design and quality of the project,” he said.

Building frenzy in Mont’ Kiara



The feverish pace of development in Mont' Kiara and Sri Hartamas in Kuala Lumpur is astounding.

Many new condominium, bungalow and commercial projects are turning this neighbourhood into a vibrant international community.

Although this neighbourhood had witnessed many developments over the past decade, this is probably the first time that construction of so many condominiums, bungalows and commercial projects are in full swing.

There is an “explosion” of commercial projects: the swanky Solaris Mont' Kiara (with its touristic Soho KL dining-entertainment facility and tenant Cold Storage supermarket) have been newly completed while the big Solaris Dutamas (400 shop lots, 900 office suites, 800 designer suites plus two open piazzas) and Verve Shops are nearing completion.

Ireka Land and CapitaLand are developing the One Mont' Kiara, retail, office suites and residential project opposite Sunrise's Plaza Mont' Kiara.

It will boast of a 250,000 sq ft specialised retail mall with luxury serviced residences i-Zen@Kiara 1 and i-Zen@Kiara 2 behind.

Over at Sri Hartamas is the proposed Plaza Damas 3 by the Mayland Group, opposite the Hartamas Shopping Centre.

The current spate of developments can be divided into three areas:


Artist's impression of II Mont Kiara

Sunrise Mont' Kiara Integrated Global Village: This is where Sunrise Bhd, the original and biggest developer in Mont' Kiara, has its flagship developments on both sides of busy Jalan Kiara 1.

Today, Sunrise is launching projects that are even more high-end in Mont' Kiara like the 10' Mont Kiara, 11 Mont' Kiara, 28 Mont' Kiara and the Mont' Kiara Meridien condominiums.

Its older condominiums (all with the words Mont' Kiara in front) include Sophia, Pines, Palma, Astana, Bayu, Aman, Bayan and Damai.

Projects by other developers have also mushroomed amidst this “global village”.

Aseana Properties is developing the Tiffani by i-Zen and Seni Mont' Kiara. Some of the earlier projects here include Almaspuri and Angkupuri condominiums and UOA Holdings's bungalow project, Villa Mont' Kiara, completed in 2004.

One end of Jalan Kiara 1 is seeing a burst of new projects including the Lumina Kiara, Sunrise's The Residence @ Mont' Kiara (2 and 3-storey bungalows), Tiffani by i-Zen (both under construction), fairly new La Grande Kiara and Wedgewood Serviced Residences.

There is also the newly completed Kiaraville (by Ireka), facing the Solaris Mont' Kiara, i-Zen @ Villa Aseana, Puncak Kiara (by Merge Power) and PJD's Regency project.

Sunway City's high-end projects in the area include Kiara Hills, Casa Kiara 1, 2 and 3, Palazzio Sunway and the Sunway Vivaldi (with units priced from RM2.59mil to RM6.29mil!).

Mont' Kiara at Jalan Kiara 3 and 5: Several new condominiums are also coming up or completed along Jalan Kiara 3 that leads to Segambut via Kampung Segambut Dalam.


The Soho KL at Solaris Mount Kiara

From the junction of Jalan Desa Kiara and Jalan Kiara 3 (on the right) are the Lanai Kiara, Flora Murni (by Tian Global), Vista Kiara (Asia Quest), Laman Suria (Sunrise), Ceriaan Kiara (YNH Property) and Kiara 1888 (Mitraland) while on the left are the Garden International School, Kiara Designer Suites (Sunrise) and Kiara 9 (Mitrajaya). Asia Quest's Kiaramas is on a low hill.

Behind this road is Jalan Kiara 5 where Bukit Kiara Properties Sdn Bhd's three projects, the Aman Kiara (first gated community in the area with bungalows and condovillas), Hijauan Kiara and the Verve Suites are located.

Sri Hartamas: Desa Sri Hartamas is a “hip and happening place” with lots of F & B outlets while Taman Sri Hartamas has the Hartamas Shopping Centre (Taylor's College recently opened a new campus there) and Plaza Damas shop offices (both by the Mayland Group).

Mayland's latest project, Plaza Damas 3 offers five-star freehold shop offices with separate strata titles and 1,500 parking bays.

Checks showed that almost all 72 units of shop offices have been sold with only six units left. There will also be 1,450 serviced apartment units.

Glomac also has a proposed commercial project called the Glomac Galleria here.

Maymont Development Sdn Bhd's 158-unit Matahari, luxury super condominium in Desa Sri Hartamas recently won the CNBC Asia Pacific Property Awards for the Best Apartment (Malaysia category).

With only two units per floor, the minimum built-up is about 3,900 sq ft to the biggest of 10,700 sq ft! The price range is from RM3.1mil to RM10.77mil!

A new player next to Hartamas Shopping Centre is Duta Land Bhd's proposed Kenny Heights Estate, an upmarket private sanctuary, along Jalan Hartamas.

It offers 49 residences each with its own private pools, elevator, sundeck bath, and two garages. The gated community will also have a pool house, with a 30m-sky pool and spa pool. There will be 20 limited edition villas designed by Kengo Kuma.

Adjacent to it is S. P. Setia Bhd's Duta Tropika and Duta Nusantara bungalow projects. Further down the road are the Hartamas Heights bungalow enclave and the Hartamas Regency 1 and 2 condominiums that meet up with Jalan Kiara 1.

Bukit Kiara Properties Sdn Bhd managing director N.K. Tong said Mont' Kiara is thriving because it is an “oasis of innovative developments” by a growing number of developers.

Competition is intense because of the number of developments there.

“However, each developer has found its own unique niche. This has resulted in a growing suburb that rivals KLCC in attracting foreign investment,” he said.

Tong said with three top international schools, Mont' Kiara has become a sought-after address for expatriates. “The social infrastructure is further strengthened with new commercial developments, retail opportunities and recreational facilities,” he said.

Although there are fears that Mont' Kiara is becoming a “concrete jungle” there are also mitigating factors like continuous improvements to the road system.

by @martius

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DutaLand going ahead with project
By Roziana Hamsawi
Published: 2008/11/22

DutaLand Bhd (3984) will go ahead with a proposed RM1.8 billion property project in Kuala Lumpur despite losing several foreign partners due to the global financial crisis.

"We will proceed as it is and will do it one at a time. The second parcel of the land will still be launched end of this year," its managing director Datuk Yap Yong Seong said.

The company, which used to be known as Mycom Bhd, is also open to new partners interested in participating in the project.

DutaLand recently terminated a joint-venture agreement to develop several parcels of a 3.55ha site in the Mont'Kiara-Sri Hartamas area.

The agreement, signed in November last year, was between its wholly-owned subsidiaries - KH Estates Sdn Bhd, Olympia Properties Sdn Bhd, Kenny Heights Central Sdn Bhd and Kenny Heights Westcity Sdn Bhd - and Stonehage Westcity Property Fund Ltd and its wholly-owned subsidiary SWX Malaysia Ltd.
The termination was unavoidable as the global financial crisis had made it difficult for the foreign parties to get financing, Yap told reporters after the annual general meetings of DutaLand and Olympia Industries Bhd in Kuala Lumpur yesterday.

The project is part of the restructuring scheme for DutaLand and sister company Olympia Industries, which began last year.

"The global financial crisis will affect all sectors. If I say we are not affected, I will be lying. The property market has softened and, by next year, no sector will be spared," said Yap.

He added that DutaLand will be doing some cost-cutting exercises to mitigate any negative impact arising from the turmoil.

"We will not look into buying more land as we are the only company that owns a very prime (piece of) land within the Kuala Lumpur area that will keep us busy for the next 15 years," he said.

Earlier, in updating the shareholders of Olympia Industries, Yap said that the company's high-end condominium project, K-Residence, was progressing well.

"Out of 180 units launched, we are now left with only four," he said.

Olympia holds a 42 per cent stake in DutaLand's main project, which was launched in April.

The first phase comprised 49 four-storey villas with individual private lifts and swimming pools, priced between RM4 million and RM6 million each.

"We are confident of this project because it is targeted at a very niche market," Yap said.

25 Jan 2009

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Mont Kiara new projects

40storeys condo
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huge project - 12blocks condo
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4blocks 33storeys condo and MK20 by Sunrise
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Mont’Kiara’s glooming challenge
By THEAN LEE CHENG


THE best way to check out a location is to take a drive. If the aim is to determine whether the place is occupied, take that drive at night. And so there is Mont’Kiara ahead of you, nice and sprawling, with a lot of high-rise condominiums, many of them in darkness.

The older and more established ones are about three-quarters full, the newer ones are struggling at between 30% and 50% occupancy. With about 2,000 units added to the market this year, this general average could fall further, says Regroup Associates Sdn Bhd executive director Paul Khong.

As the economic crisis deepens, questions about the state of some locations have risen. Ireka Corp Bhd has been, by far, the most forthright developer about the situation there. Though cautious, executive director Lai Voon Hon admits it will not be rosy for the short term. Ireka has built about 2,000 units there.

http://thestar.com.my/archives/2009/3/14/business/bw_pg27kiara.jpg
Mont’Kiara is a sought after address for high-end condominiums.

“We will see a slow down in the property market in terms of sales volume. That is a result of people’s confidence. But the present scenario will not be as bad as the last 1997/98 Asian financial crisis,” says Lai, who has chalked up six projects there, some of which are joint-ventures with Singapore’s CapitaLand group.

Because of the tough times across the board, buyers are taking a wait-and-see attitude with big purchases such as these. “Sales have been slow,” says Lai.

“Some think the situation will recover in the third quarter, others say it will take a year. But developers are not dropping their prices. It is in the secondary market that buyers may be forced to sell, preferring to convert their assets to cash. We will bound to have that as many units will be completing this year.”

There are about 6,800 completed units there. The ongoing projects will comprise another 5,000 units, out of which about 2,200 units will be handed over this year.

Both developers and analysts say prices there have not gone up as quickly or significantly as KLCC. Most of the prices are close to construction price and land cost.

“Developers are not making super profits. Even if they drop, it will settle at a fair level,” says Lai, adding that the normal profit in Malaysia generally is 5% to 30%.

While Lai and the real estate fraternity believe Mont’Kiara will ride out the downturn, there are several issues brewing there. Several weeks ago, StarBizWeek highlighted the situation in KLCC. But while that location boasts emblems of Kuala Lumpur’s boom and the glittery lifestyle it will one day spawn, Mont’Kiara is not iconic.

For more than a decade, expatriates have singled out Mont’Kiara when posted to Kuala Lumpur. They still do.

Most of the projects have a large expatriate community that accounts for about a third or more of its occupants, a fact that Sunrise Bhd used to be very proud of some years ago.

Sunrise built about 4,000 units of condominiums there, about half of what’s available today. It is the largest developer there. With retrenchment high on the list, some of them may be going home.

Says an analyst: “Mont’Kiara’s saving grace is that it has proven to be a property investment hot spot. Because of the fantastic yield it generated years ago of up to 10% or more, Malaysians and foreigners invested in that market. (The yield is about 7% to 8% today.) Many of them have several units. With retrenchment running high, rental may be an issue. This applies to both the rental and for sale markets.”

Those who bought earlier are also expected to convert their assets to cash. Agents and valuers have mixed views how much prices have dropped but the range is between 5% and 20%, depending on the project, from its peak. There are different grades of condominium in that location, with prices ranging from about RM450 per sq ft to about RM900 psf. If prices and rental continue to spiral downwards, the older units will suffer.

Says Khong of Regroup: “We are currently looking at about 10% to 15% drop in rental rates from the peak at this moment and would expect it to move southwards a bit more when the bulk of the uncompleted units come into the market.

“Previous rentals were trading at about RM3 to RM4 psf for the mid-grade projects and currently we are seeing lower asking rental at about RM2.50 to RM3.50 psf. The older and more established ones are enjoying about 70% to 85% occupancy whilst the new ones are struggling at about 30% to 50% currently. With more and more new projects completed, this general average could be therefore lower.”

Another consideration when buying into that market is Mont’Kiara’s neighbour, Sri Hartamas. The two largest developers there are Hong Kong-based Mayland group which developed the Plaza Damas shopping mall, and Dutaland group with its upcoming Kenny Heights project.

While Mont’Kiara units range between 1,200 sq ft and 3,000 sq ft or more, the units offered by Mayland average about 500 sq ft. On a per acre basis, this means there will be more units.

At this point, the developer has already built 1,800 units above and around Plaza Damas. Another 1,500 units will be added to the Sri Hartamas market in about three years when it completes Hartamas 3, which is located across Plaza Damas.

Dutaland has about 90 acres in Hartamas. It is also expected to have high-rise in that location. While the location is holding out well, the pressure is mounting.

Depreciating high-end condos
By K.C. Law


Property prices in KLCC and Mont’Kiara areas could stabilise if economy recovers

PETALING JAYA: Property values of high-end condominiums in Kuala Lumpur City Centre (KLCC) and Mont’Kiara are expected to retrace by up to 20% to 2006 levels by the first half of next year, according to Kenanga Research.

The average capital values of KLCC and Mont’Kiara in 2006 were RM943 and RM466 per sq ft respectively, compared with RM1,128 and RM564 psf respectively currently.

If the Kenanga Research projection is right, this would mean the luxury residential segment in these prime locations could fall by as much as 16% to 20% over the next year, on top of a 6% to 10% depreciation since their peak.

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Average prices in KLCC peaked at RM1,291 psf in the first half of last year; for Mont’Kiara it was at RM598 psf in 2007.

However, the research house in its report on Monday said property prices in these locations could stabilise if the economy recovered earlier and/or investors had strong holding power.

The research house also expected selling pressure to accelerate when an additional 11,000 condominium units are completed in the next two years, with 60% of these units in the KLCC area.

It should be noted that the number of people putting up their properties for sale should not be used as a measure of actual transactions.

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“With the rental opportunities and capital values in a downtrend, property investors will be pressured to unlock their cash to fund other investments,” it said.

Khong & Jaafar Sdn Bhd managing director Elvin Fernandez said due to the economic downturn, property values at Mont’Kiara and KLCC could return to levels that may be sustained by rental returns.

“How low they will go and whether they will overshoot on the downside will depend on the severity of the downturn, going forward,” he told StarBiz in an e-mail.

Fernandez noted that prices in these locations had appreciated steeply between 2005 and 2007, and to sustain these high prices, the rentals had gone up in tandem.

“But there was a constraint in the charging of rentals simply because the expatriate community was not about to pay or couldn’t afford such rentals,” he said.

OSK Research analyst Mervin Chow expected at least a 20% downside risk and prices to bottom in 2010.

“About 30% and 40% downside (in property value) is a reasonable expectation,” he told StarBiz.

He said KLCC and Mont’Kiara condominium prices had already come off by 10% to 20% since late last year. Some properties in these areas, however, still enjoy capital values close to their peaks last year.

'Kondo kami tidak bersalah'

Oleh CIK ROSMA CHE ABU BAKAR
kota@utusan.com.my




KUALA LUMPUR 17 Mac - Banjir lumpur di Kampung Masjid Segambut Dalam bukan disebabkan oleh pembinaan kondominium Anggun Puri berhampiran kawasan itu.

Seorang penduduk kondominium itu, Tunku Mohamad Jayadi Tunku Mokhtar yang menolak dakwaan penduduk kampung tersebut, mendakwa sebuah projek perumahan di kawasan berhampiran sebagai punca kejadian itu.

"Jika dilihat secara logik, sistem perparitan di kondominium-kondominium di sini tidak ada masalah.

"Yang membawa kepada banjir lumpur tersebut ialah apabila pokok-pokok ditebang di sebuah tapak projek di belakang kondominium ini.

"Tindakan pemilik projek itu telah menyebabkan tanah runtuh dan tiada sistem perparitan yang sempurna di tapak projek itu memburukkan lagi keadaan," katanya.

Baru-baru ini, Utusan Malaysia melaporkan mengenai dakwaan penduduk Kampung Masjid Segambut Dalam bahawa kondominium itu menjadi punca banjir lumpur di kawasan itu.

Tunku Mohamad Jayadi seterusnya meminta pihak Dewan Bandaraya Kuala Lumpur (DBKL) menyiasat dakwaan itu sebelum ia menjadi masalah lebih besar.

"Sekiranya kawasan tersebut memang dibenarkan untuk pembangunan, DBKL perlu memastikan ia mempunyai sistem perparitan yang baik.

"Namun jika sebaliknya, tindakan segera perlu diambil kerana pemaju di situ kelihatan begitu 'bersemangat' meneroka tanah tersebut," katanya.

Kenyataan beliau disokong oleh seorang lagi penduduk kondominium Anggun Puri, Ignatius John, 24.

Menurutnya, adalah tidak logik jika kondominium itu dikatakan punca kejadian banjir lumpur di kampung itu kerana kondominium tersebut tidak mempunyai masalah perparitan.

"Rasanya ini disebabkan oleh projek perumahan itu kerana pembangunannya nampak tidak teratur dan tiada sistem saliran sempurna," katanya.

Katanya, sebelum dia berpindah ke sini lagi, mereka kelihatan membina perumahan tetap di situ kerana semua rumah dibuat menggunakan batu dan konkrit.

"DBKL harus siasat perkara ini dengan segera sama ada mereka mendapat kebenaran untuk melakukan projek tersebut," jelasnya.

Semasa tinjauan Utusan Malaysia ke lokasi yang dimaksudkan, kelihatan beberapa buruh binaan warga Indonesia sedang membancuh simen untuk menyiapkan beberapa buah rumah.

Turut kelihatan ialah beberapa orang wanita dan kanak-kanak, seakan-akan sudah wujud satu perkampungan di situ.

Bersebelahan dengan kawasan tersebut, terletaknya Kampung Masjid Segambut Dalam yang dilanda banjir lumpur baru-baru ini.

Ahli Parlimen Segambut, Lim Lip Eng ketika dihubungi berkata, beliau akan melawat kawasan itu sekali lagi bagi melihat kawasan projek yang dimaksudkan oleh penghuni kondominium itu.

Jika benar terdapat penerokaan tanah dan penebangan pokok tanpa kawalan di situ, beliau akan meminta DBKL menyiasat.

MK today
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From the same angle, MK in 2005:

Kiaraville slowly blocking the twin towers.
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2006
Twin towers completely blocked. Tiffani and Meridin sites cleared.
http://img142.imageshack.us/img142/5439/a2mx7.jpg


2007
frenzy construction sites dotted the whole of MK, from solaris dutamas to sri hartamas.
http://img244.imageshack.us/img244/6756/p1000961ml9.jpg


2009
Tiffani and Meridin completed.
http://img19.imageshack.us/img19/7804/mk1l.jpg

From bukit segambut:
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by 2 cents worth
http://www.flickr.com/photos/2centsphotography/3478837813/

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^^Wow

Nice Camera