Kiara 1888, Mont Kiara

Kiara 1888 is located at Jalan Kiara 3, the popular residential area of Mont Kiara. It is a development that portrays modern living in the midst of Zen Garden, tropical fairways and beautiful water featured structures. Kiara 1888 got its name from the lot, which is lot 1888, Jalan Kiara 3.

Kiara 1888 is easily accessible via Penchala Link, NKVE and Sprint Highway with close proximity to amenities such as Sri Hartamas Square, commercial areas of Mont Kiara and also the Mont Kiara Equestrian Club. There are also Garden International School and Mont Kiara International School nearby; suitable for families with children.

Kiara 1888 consists of a high rise 26-storey condominium with 130 units. The standard units comes in 3 sizes, 1927, 1238 and 1636 sf; whilst the duplex units are sized at 3272 and 3542 sf, while the penthouse sizes are at 3466 and 2723 sf, which are quite impressive sizes. The standard units come with a price tag of RM400,000 to RM1,300,000.

There are villas in the development as well. The villas are 5 to 6 units high, with the penthouse duplexes on the top two floors. The standard units come in 2357, 2390 and 2314 sf; while the penthouse duplexes are at 3982 and 3950 sf. For the standard units of the villas, the prices range from RM920,000 to RM1,600,000, which is about RM370 to RM420 psf; quite reasonable for sizes that big.

The villas are complete with luxuries; 3+1 rooms along with private lift lobby and a huge family room. The prices for such impressive layouts and finishes are incredibly attractive, especially when the average prices for the condominiums in Mont Kiara area is about RM350 to RM450 psf.

Property Details

• Name: Kiara 1888
• Address: Jalan Kiara 3, Mont Kiara, Kuala Lumpur
• Developer: Prisma Melody (a subsidiary of Mitraland Goup)
• Completion Date: December 2008
• Type: Condominium
• Tenure: {Tenure}
• No. of Blocks: 1
• No. of Storey: 28
• No. of Units
• Condominium: 130
• Villa: 52
• Maintenance Fee: RM0.26 psf
• Launch Price: RM300 – RM380 psf
• Subsale Price: {Price Range}
• Rental: {Rental Range}

Layouts

• Type A (2,357 sf) (villa)
• Type B (2,390 sf) (villa)
• Type C (2,314 sf) (villa)
• Type D (1,927 sf) (condo)
• Type E (1,636 sf) (condo)
• Type F (1,238 sf) (condo)
• Type AP (3,982 sf) (duplex)
• Type CP (3,950 sf) (duplex)
• Type DP (3,542 sf) (duplex)
• Type ES/EP (3,466 sf) (penthouse)
• Type FS/FP (2,723 sf) (penthouse)

Facilities

• Infinity pool
• Wading pool
• Jacuzzi
• Cascading water features
• Yoga / pilates area
• BBQ area
• Gymnasium
• Badminton
• Squash courts
• Interlinked 4-Storey high entrance statement atrium
• Personalized lifts serving only 2 units per floor (villas only)
• Nature park with a children’s tree house
• Cafe deck / sundry shop
• Games room
• Multi function hall
• Toddler’s area
• Meditation garden
• Spa pavilion

Market Trends

Kiara 1888, Mont Kiara Average For Sale Price

Analysis

Kiara 1888 is smacked at the very edge of Mont Kiara, the closest to Segambut Dalam. It is a very short distance away from the squatters that have long been haunting the inner part of Segambut Dalam. With the squatter houses extremely close to the side of the narrow road along the way from Segambut to Jalan Kiara, it is not a good sight at all.

With the increasing residential developments in the same area, and also the two international schools nearby, traffic congestion is going to increase. There are also upcoming developments that seem to be sprouting everywhere with rows and rows of small plots owned by private owners and development companies that are yet to be developed.

But despite of all that, Kiara 1888 is a beautifully designed development that meets various needs of the residents. It has all the basic facilities one would see in its competitors, except that the landscape here is quite beautifully laid. Especially the entrance and the surrounding of the Zen Garden, as well as the pool deck. There is also a nature park that comes with showers that are able to give the residents an interesting experience, living in a space where greens are not lack as well.

Mitraland is the developer of Kiara 1888, and this would be their first time building high-end development in Mont Kiara. Not surprisingly, the project was sold out in 2006 without any show units, all merely through by word of mouth, fliers and scaled models. However, now one could only be the subsale buyer, since it is all sold-out. That shows how affordable this attractive development is.

As Kiara 1888 will be fully developed by 2009, this is a good time to view the masterpiece and see whether this place is good enough for rental or even investment. Although the location and the squatters spoils it all, Kiara 1888 still stands majestic because there are more strengths in the development than flaws compared to the rest in the Mont Kiara area. Kiara 1888 is close by Casa Kiara 1