Ceriaan Kiara, Mont Kiara

Ceriaan Kiara (formerly known as Radiant Kiara) is a condominium located in the modern and exclusive Mont Kiara enclave. It is developed by the reputable developer, named YNH Property. It neighbors Kiara 1888, Laman Suria, One Kiara, Kiara 9 and Villa Mont Kiara, to name a few.

Ceriaan Kiara comprises two condominium blocks that house a total of 238 units. There are 6 units per floor and 2 penthouse units nestled on top of each block. Units located on the facilities floor have private garden each. Residing in Mont Kiara, residents of Ceriaan Kiara are surrounded by plenty exclusive amenities. The condominium is just few meters away from Mont Kiara International School and Garden International Schools. One can walk to these schools, they are within 10 minutes from the condominium.

In addition, there are several shopping centres located nearby Ceriaan Kiara, such as Plaza Mont Kiara, Hartamas Shopping Centre and Solaris Mont Kiara. If you are a golf enthusiast, there are few golf courses located mere minutes away such as KLGCC and KGPA. In addition, it is just about 10 minutes of driving away from Royal Selangor Club, and Bukit Kiara Equestrian and Country resort. Accessibility wise, Jalan Kiara 3 can be easily accessible from numerous highways, namely SPRINT Highway, Duke Highway and Penchala Link. In addition, it is near to Jalan Duta and Jalan Kuching.

Property Details

• Name: Ceriaan Kiara (formerly known as Radiant Kiara)
• Address: Jalan Kiara 3, Mont Kiara, Kuala Lumpur
• Developer: Kar Sin (a subsidiary of YNH Property)
• Completion Date: December 2009
• Type: Condominium
• Tenure: {Tenure}
• No. of Blocks: 2
• No. of Storey
• Block A: 25
• Block B: 26
• No. of Units: 238
• Land Area: 3.06 acres
• Built-up: 1,828 sf, 2036 sf & 2,208 sf
• Maintenance Fee: RM0.25 psf
• Launch Price: From RM330 psf
• Subsale Price: {Price Range}
• Rental: {Rental Range}

Facilities

• 24-hour security
• BBQ area
• Cafeteria
• Children playground
• Gymnasium
• Jacuzzi
• Spa
• Sauna
• Swimming pool
• KTV rooms
• Nursery
• Games rooms
• Multi purpose hall
• Launderette
• Putting green
• Reflexology path
• Pergola & walkway
• Open Piazza
• Carwash area

Market Trends

Ceriaan Kiara, Mont Kiara Average For Sale Price

Analysis

YNH Property is currently among the fastest expanding property developers in Klang Valley. The company is established since 1982. It is the developer behind the Manjung township in Perak, which comprises Setiawan, Lumut and Sri Manjung. Besides Ceriaan Kiara, new developments by the YNHB include Fraser Place, D’Kiara, 1 Duta @ Sri Hartamas and Kiara 163. Adding to that impressive resumé, the company also has several mixed-development projects to be launched in near future, namely Duta Kiara 1, Duta Kiara 2, Duta Kiara 3, Duta Kiara 5, Duta Kiara 6 and Project 3KL; all located in Mont Kiara, Sri Hartamas and Kuala Lumpur city center.

The first block of Ceriaan Kiara was launched at RM350 psf onwards, despite the market price of condominiums in the enclave was RM500 psf on average at that time. The second block was launched in January 2007 at RM440 psf onwards. There are 66 units which have been underwritten by CMREF 1, a private real estate fund which is managed by CIMB-Mapletree. The development is valued at gross development value of RM180 million.

Ceriaan Kiara is located very near to Kampung Segambut Dalam Tambahan. The village is just two doors away, right besides Kiara 1888. Luckily for the residents, as they do not have to look down at the village every single day unlike the way the residents from Kiara 1888 suffer. But the fact remains that the condominium is still near to the village; it results in lack of exclusivity. Even though Ceriaan Kiara is another new kid on the block, it does not have any distinctive feature to differentiate it from another. It offers normal basic facilities like other condominiums. The facilities, layouts and façade are just average and dated in terms of design.

The price of Ceriaan Kiara is the main attraction for investors to look at. It can be considered as the cheapest development in Mont Kiara, as it was tagged from RM330 psf at its launch. The price was remarkable as the market price for condominiums in the same league is around RM500 psf. Currently, the price is hovering around RM470 psf, still a good price for grab for subsale market.