Mont Kiara Banyan, Mont Kiara

Mont Kiara Banyan is a high-end condominium developed by Sunrise. The condominium has a low density with only 147 units. It is also a high-end accommodation just like Mont Kiara Damai, but without Damai’s spectacular KL city view.

Mont Kiara Banyan offers 4-bedroom units, in which Mont Kiara Damai and Kiaraville also offer the same, but the latter both are higher in density. The exterior of Banyan is Balinese inspired theme. There are two roof designs that are in contrast with each other, one is modern type and the other is Balinese inspired.

Mont Kiara Banyan is situated next to an international school, which is probably a disadvantage in terms of noises from cars parking outside, or an advantage in terms of proximity for schooling children. The condominium is considered as lower notch compared to it predecessors, Mont Kiara Damai and Mont Kiara Aman, as it has smaller landscaping area which results in limited area for amenities. The smaller landscaping is mainly due to Banyan only sitting on 1 acre tract compared with 5 acres of tract for its predecessors.

Units at Mont Kiara Banyan have 4 facing directions, they either face the Mont Kiara International School on the right, Mont Kiara Meridin on the left, Mont Kiara Bayu at the front, or Jalan Kiara 3 at the back. Units facing Jalan Kiara 3 have the smallest units but as compensation, there will be pool view.

Property Details

• Name: Mont Kiara Banyan
• Address: Jalan Kiara 2, Mont Kiara, Kuala Lumpur
• Developer: Sunrise
• Type: Condominium
• Tenure: {Tenure}
• No. of Blocks: 1
• No. of Units: 147
• Built-up: 1,838 – 2,318 sf
• Maintenance Fee: RM550
• Launch Price: From RM420 psf
• Subsale Price: {Price Range}
• Rental: {Rental Range}

Layouts

• Type A (2,318 sf) (4+1)
• Type B (2,648 sf) (4+1)
• Type C (1,838 sf) (3+1)
• Type D (1,838 sf) (3+1)
• Type E (2,100 sf) (3+1+1)

Facilities

• Multipurpose hall
• Mini jacuzzi area
• Gymnasium
• Tennis court
• Badminton court
• Swimming pool
• Kid’s pool
• Changing rooms and sauna
• Children’s playground
• Children’s water slide
• Leisure dip water deck
• Gazebo and barbecue area
• Car washing area
• Lounge
• Car park lift
• Landscape area
• Visitor’s car parking bays
• Exquisitely designed recreation deck

Analysis

As known by many, Mont Kiara is an area that attracts expatriates. This is the main reason properties in Mont Kiara still have appreciations. Just by renting alone, Mont Kiara properties can yield 8-13%. Furthermore, there is not much issues in rental collection from expatriates.

Sunrise reputation is highly respected and make the prices soar. This reputation is built through good customer service, good track records and almost zero property defects. A unit in Mont Kiara Aman could go as high as RM1.1 mil in subsale transaction. Thus, Mont Kiara Banyan is a possible prospect for investment.

Many say that the quality of material used for Mont Kiara Banyan has deteriorated from their previous project Mont Kiara Damai. The most significant difference compared to Damai is the tiles used for living and dining area. Damai opted for homogeneous marble whereas Banyan opted for porcelain tiles. Other things such as centralized air-conditioning, water heating as well as kitchen cabinet are aligned with the unit price.

In terms of layouts, Sunrise is generally not creative enough. There is not much difference compared to their previous projects. Rooms are said to be strangely facing the living and dining room, the entrance to the wet kitchen is obviously visible from living and dining room, bathrooms are campy with doors swinging into bathtubs and balconies are large, unnecessarily.

Also, Sunrise did not include the popular walk-in wardrobe. There should be a wall partitioning the room with the walk-in wardrobe area. However, Sunrise require the owner to partition up the area themselves. Even though the design of Mont Kiara Banyan is not new, all in all owners are satisfied with its finishes and there are no complaints.

There may be over thousands of new units in Mont Kiara within the next 3-4 years. These new units will definitely provide competition for Mont Kiara Banyan. However, Banyan has the location advantage, which is near Mont Kiara International School. Other than that, the condominium offers 3-4 bedrooms (exclude utilities/maid room) which is fairly suitable for family. In addition, there are many who bought new condominiums for own use, so the competition may not be as tough as predicted.