Mont Kiara Astana, Mont Kiara

Mont Kiara Astana is located in the booming uptown of Mont Kiara. The condominium is developed by Sunrise, an award winning property development company. The developer is ranked among the top ten in The Edge Malaysia’s Top Ten Developers Awards for 2003 to 2007, thrice winner of the FIABCI Malaysia Property Award in 2005, 2001, and 1997 for Best Residential Development.

Mont Kiara Astana is easily accessible via 3 major highways, namely New Klang Valley Expressway (NKVE), Sprint Expressway and Damansara-Puchong Expressway. With the connection to Sprint Expressway via Penchala Link and Kerinchi Link enables traveling time to Bandar Utama, Mutiara Damansara, Bangsar and Kuala Lumpur in 10 minutes.

Located at the heart of luxury and lifestyle, Mont Kiara is flocked with expatriates. Mont Kiara has the best potential for property investment, as it generates better rental rates compared to other areas. In addition, Sri Hartamas Secondary School, Bukit Damansara Primary School and Sri Cempaka Private School are also located in Mont Kiara vicinity. Other amenities within the vicinity include police station and fire station.

Property Details

• Name: Mont Kiara Astana
• Address: Jalan Kiara 2, Mont Kiara, Kuala Lumpur
• Developer: Sunrise
• Completion Date: January 2000
• Type: Condominium
• Tenure: {Tenure}
• No. of Blocks: 2
• No .of Storey: 27
• No. of Units: 281
• Built-up: 1,241 – 2,999 sf
• Launch Price: From RM300 psf
• Subsale Price: {Price Range}
• Rental: {Rental Range}

Layouts

• Standard
• 1,241 – 1,690 sf
• 3 bedrooms
• Super Deluxe
• 2,779 – 2,999 sf
• 4 bedrooms + 1 maid room

Facilities

• Barbecue area
• Club house
• Covered parking
• Gymnasium
• Mini market
• Playground
• Sauna
• Squash court
• Swimming pool
• Wading pool
• Tennis court
• 24-hour security

Analysis

Sunrise is also listed as one of Forbes Asia’s Best Under US$1 billion turnover public listed companies in 2005. Sunrise awards reflect their developments abilities. Other developments by the same developer are Mont Kiara Aman, Mont Kiara Damai, Mont Kiara Bayu, Mont Kiara Pelangi, and Laman Suria, which are all very successful as well.

Not only that Sunrise receives recognition in Malaysia but Singapore as well by Building and Construction Authority (BCA) of Singapore. By using Construction Quality Assessment System (CONQUAS), Mont Kiara Astana is rated 78.6 for its architectural and external works. Mont Kiara Astana also won first prize in the 2002 Kuala Lumpur City Hall Landscape Awards (Condominium & Commercial Category) and second prize in the National Landscape Competition 2002 (Private Building Category).

Mont Kiara is a booming uptown with a wide variety of facilities and services. Due to this, this area attracts upper class Malaysian as well as expatriates particularly Korean and Japanese. Thus, this has boosted the market price of properties in Mont Kiara.

For a standard type unit at Mont Kiara Astana, subsale price has reached RM850,000 and rental price has reached RM4,000. Meanwhile, for super deluxe type, subsale price has reached RM1,450,000 and rental price has reached RM9,000. Other condominiums with similar built-up will have roughly the same subsale price and rental. All units at Mont Kiara Astana come with air-conditioning, whereas the super deluxe units come with cornices decorate living and dining area.

Mont Kiara Astana is an older development of Sunrise’s many projects. Due to this, Astana has to compete with newer residential. Even though the condominium is well maintained, it cannot compete with newer condos in terms of interior/exterior design, state of the art facilities, as well as freshness.

However, there will still be demand for condos in Mont Kiara, as there are many offices and business around this area. For example, Plaze Mont Kiara is the main business hub in Mont Kiara, and Sunrise offices is the home to many businesses and dining outlets. Furthermore, there will be more businesses with the development of new shopping mall, One Mont Kiara.

Due to large number of expatriates, there are two international schools located at Mont Kiara, namely Garden International School and Mont Kiara International School. This is particularly convenient for parents with schooling children. This really proves that Mont Kiara is not only the center for businesses but family as well.