The Residence, Mont Kiara

The Residence is an exclusive and high-end bungalows development nestled in Mont Kiara. It is developed by the most reputable developer in the enclave, namely Sunrise. It is located right next to Mont Kiara Aman.

The Residence comprises of 47 exclusive bungalow plots and bungalows located in gated and guarded community on a 12.3-acre of freehold land between Mont Kiara Aman and Mont Kiara Damai. The development is surrounded by several amenities. For instance, Solaris Mont Kiara is just several hundred meters away from these bungalows. There are Cold Storage and True Fitness residing in Solaris Mont Kiara.

In addition, Plaza Mont Kiara is not far away as well. A few international schools can also be found nearby such as Mont Kiara International School, Garden International School and Lyce’e Francais de KL. For golf enthusiast, there are numerous golf clubs nearby, namely KGPA, KLGC, Tropicana Golf and Country Resort and Sri Selangor Golf Club. Plus, Bukit Kiara Equestrian Club and Royal Selangor Club are just few kilometres away from the residential.

Being located adjacent to several prime highways, residents have several options to go places. One can reach Damansara Heights and Bangsar within less than 10 and 15 minutes of driving respectively via Sprint Highway. One can utilize Jalan Duta and Jalan Kuching to get into the city centre. Other highways nearby are Penchala Link, DUKE Highway and NKVE.

Property Details

• Name: The Residence
• Address: Jalan Kiara 1, Mont Kiara, Kuala Lumpur
• Developer: Sunrise
• Completion Date: May 2008
• Type: Bungalow
• Tenure: Freehold
• of Units: 47
• Land Area: 12.3 acres
• Built-up: 6,811 – 9,827 sf
• Launch Price: RM1,000 psf
• Subsale Price: RM7,380,000 – RM10,000,000
• Rental: RM24,000 – RM30,000

Facilities

• 24-hour security
• CCTV
• Strict card access control system
• Video intercom system
• Home security alarm system

Analysis

Sunrise is a big name in Mont Kiara. It is a public listed company in Bursa Malaysia Main Board and has been rank among the Top Ten in The Edge Malaysia’s Top Ten Property Developers Awards for 5 consecutive years from 2003 to 2007. Besides The Residence, its latest developments include 11 Mont Kiara, Mont Kiara Banyan and Kiara Designer Suites.

The development is divided into 2 phases, the first comprises of 24 bungalow plots, while the later comprises of 16 bungalows. These build-then-sell bungalows were tagged by the developer at RM1,000 psf, which contributed to a gross development value (GDV) of RM126 million when they were launched in May 2008.

Besides that, developer also offered 24 months of zero installments and up to RM500,000 worth of savings (which is still offered until now). The bungalows have built-up sizes ranging from 6,811 sf to 9,827 sf. Depending on the units, some come with private swimming pool, entertainment deck and water features. As for its security, it features CCTV, Strict Card Access Control System, video intercom system and home security alarm system.

With over RM7 million price tag, there are only a limited number of potential buyers for this project. Potential buyers might possibly opt for bungalows in Bukit Tunku, Bangsar and Damansara Heights with similar price tag.