Most of the condominiums in the Mont Kiara vicinity are known for luxury and their resort-like amenities, but there is one condominium that stands out from the rest when it comes to a homey and warm ambiance – the Almaspuri. With a rather serene and tranquil atmosphere, Almaspuri has become somewhat of a favourite among Mont Kiara enthusiasts, with its high occupancy rates (80%– a relatively high percentage as compared to other condominiums in the area) and positive feedback.
The Almaspuri’s biggest selling point might be its proximity to One Mont Kiara, Plaza Mont Kiara and the Mont Kiara International School (MKIS) – all of which are of walking distance from the condominium. Accordingly, it also has a superior GoodPlace Walkability Score (GWS) – more on this later.
The condominium is developed by BT Homestead Group (the same developer of Angkupuri – just next door, and Anggunpuri in nearby Segambut). Almaspuri is a freehold condominium that consists of two towers that houses a total of 132 residential units. Each floor only has four units, with some units having a 180 view of Mont Kiara’s scenery. It also occupies one of the best spots in Mont Kiara, being off the main artery that is Jalan Kiara, and only further down the road from Villa Mont Kiara. It is next to its sister development Angkupuri, Mont Kiara Astana and opposite Sophia and Pelangi.
Almaspuri is known to be popular among expatriates; about 70% of the units is tenanted out to expats. It is also known for its above average occupancy rates (reportedly more than 85% – which is admirably high even by the standards of Mont Kiara apartments). This should not come off as a surprise since Almaspuri occupies one of the best spots on the main artery of Jalan Kiara.
Almaspuri Prices & Unit Layout Information
Almaspuri’s units are generally well-maintained even by Mont Kiara standards. Potential residents can choose between a standard unit and a penthouse unit. Standard units are measured 1,545 square feet, while a penthouse unit measures at 3,500 square feet. The table below summarizes Almaspuri’s most vital statistics –
|GoodPlace Walkability Score||79|
|Rental||RM3,250 - RM7,400|
|Subsale||RM503 PSF (Transacted)|
Prices for Almaspuri have been appreciating at a steady rate since 2006. From 2003 to 2006, the condominium recorded a ~3% increase per year. This pricing trend continued until 2009, when sale prices dropped to about RM350 per square feet because of the rising number of condominiums in the Mont Kiara area. However, sale prices rose in 2012 to around RM500 square feet.
The start of 2013 saw Almaspuri continuing to raise its asking prices at about RM550 per square feet. A transaction was recorded in June for a 1,600 sq ft unit (4 bedrooms, 3 bathrooms) for RM850,000, which works out to be around RM530 psf. Another verified transaction later in September involved a triplex unit of 3,600 square feet in build-up size which was sold for RM1.65 million (RM460 PSF).
How much is a unit at Almaspuri worth? Find out how to value a property using this free guide – click here to download. Link comes up in a new window.
Rental-wise, prices range from RM3,800 to RM5,000. A typical 1,600 sq ft unit would rent out for about RM4,300-4,500. This is correct at the time of the publication of this review.
Amenities and Facilities
Almaspuri’s facilities are at par with the rest of Mont Kiara – although it doesn’t offer anything extraordinary, really. Residents can enjoy a swimming pool complete with a cascading waterfall for added effects, as well as a landscape garden, and a children’s playground. There are also two tennis courts, a reading room, a multipurpose function room, a well-equipped gym, and a nursery.
Mont Kiara has been known as a posh playground for both affluent locals and expatriates, and it has become one of Kuala Lumpur’s prestigious addresses, only next to Bangsar, KLCC and Damansara Heights. There are a lot of roads that pass by the Mont Kiara route, so going around is never a problem. New Klang Valley Expressway, Jalan Duta, Penchala Link, SPRINT Highway, and Jalan Kuching can all take Almaspuri residents to the Kuala Lumpur City Centre, TTDI, Bangsar, and Petaling Jaya.
Residents can reach KLCC and Damansara within 10 minutes via private transport. Nearby neighbourhoods include Desa Sri Hartamas.
For leisure, Mont Kiara has a lot to offer, including international fast food chains, fine dining restaurants, shopping malls, and even sports complexes. Golf enthusiasts can take advantage of Almaspuriï¿½s location because KGPA, Sri Selangor Golf Club, and Tropicana Golf and Country Club are all within close range and within driving distance.
Schools are also nearby. International schools such as Garden International School, Mont Kiara International School (reachable by foot), and the French International School are all located near the condominium. For shopping malls, one can walk to Solaris Mont Kiara or Plaza Mont Kiara to get their shopping needs accommodated.
Almaspuri’s main selling points remain its favorable location (only further down the road from the “entrance” to Mont Kiara) and its rather “warm”-ish facade, which distinguishes itself from the newer developments like the Meridin or MK10 which spot rather modern and clinical outlook. The maintenance and management is reported to be top-notch, and if this remains true then Almaspuri could be a worthy investment despite its “aging” outlook.
For these reasons, the asking prices remained fairly high for a “first generation” Mont Kiara condominium but it does compare favorably with other condominiums which were built around the same time. To validate this assumption, prospective buyers must always do their own due diligence and come up with the estimated “fair value” so that they do not overpay.