A condominium largely popular among expatriates, Angkupuri boasts of its high occupancy rate – especially when compared to other condominiums in the Mont Kiara enclave. This freehold property is situated on Jalan Kiara 1, right next to Mont Kiara International School and within a short distance from the Garden International School. Is it any wonder that it’s a hit with the expats?
At the end of 2013, Angkupuri underwent some renovation work, overhauling its guard house and entrance, giving it a spanking new facade.
The single block 39-storey building houses a total of 210 units. Its structure (a block made up of semi-blocks) allows each of the six units per floor to be a corner unit, thus giving each unit a 180-degree view of the city centre, Genting or the surrounding hills and mountains. It may also prove cost-efficient for residents, especially those residing on higher floors, as it is said that there is plenty of air in there. 😉
Alright, jokes aside – we do like the upper floors because the units seemed to be better maintained to a certain degree.
Angkupuri was developed by Homestead Development (a BT Homestead Group subsidiary). Although it is average-built, it is said to be sitting on of Mont Kiara’s best spots. It is centrally located so that it is within very short distances to schools and commercial establishments such as One Mont Kiara, Solaris Mont Kiara and Plaza Mont Kiara. Other residential condominiums in the immediate vicinity of Angkupuri are Mont Kiara Astana, Almaspuri (right next door – often touted as a “sister” development by the same builder), Mont Kiara Sophia and Mont Kiara Pelangi.
The asking price for units at Angkupuri is at RM500 on the average during the publication of this review. This is comparable with Almaspuri, another average-built condominium and one of its immediate neighbors. It lags further behind Mont Kiara Astana (reviewed here), which sells for RM550 – 600 on the average (asking price). Both Almaspuri and Angkupuri are positioned as “mid of the range” – a notch below Sunrise condominiums which are deemed to be more “luxurious”.
To estimate the fair price of a unit at Angkupuri, click here for a guide.
According to BTHomestead, Angkupuri is the developer’s best example of a “value property“. It might be unfathomable now but it was launched at merely RM200 PSF on average (now not even a Rawang condo is at this price level!). Now the rental hovers around RM3,000 PSF, and given its location, the occupancy rates are consistently high.
The chart below (courtesy of our good friends at GoodPlace.my) shows the trend of the asking prices for Angkupuri for the past few months –
Configurations & Facilities
Condominium units at Angkupuri have six layouts with built-up sizes ranging from 1,249 to 3,100 sqf – with enough choices of configurations suitable for both the bachelor and the growing family. The floor plans can be found at Homestead’s website here (comes up in a new window).
Besides the standard facilities (tennis and squash courts, gym, barbecue area, function room, nursery, snack bar, mini market, kids’ play place, wading pool, salon and 24-hour security), Angkupuri boasts of its beautifully landscaped swimming pool with lush palm trees on the sides. The property also has its own jogging track, so residents do not need to brave heavy traffic to go to a stadium to jog.
Overall, Angkupuri is being lauded for its well-maintained facilities. And perhaps due to its unique structure, the corridors are bright from natural light. The entire building had a taste of fresh paint in 2007, greatly improving its aesthetic value. A major makeover is also close at hand, and residents are just thrilled about it.
Angkupuri’s selling point is its location – it occupies one of the best spots along the main Jalan Kiara. Expats like it for its accessibility and its proximity to the schools. The high occupancy rate of Angkupuri is a testament to this. In fact, even during recession the occupancy rate was reportedly at 70% – even better than the regular off-the-mill Mont Kiara condominium during boom times. 😉 During a sample survey conducted by PropertyReviews.my for the purpose of publication of this review, the occupancy rate was at a high of 87%. Comparatively, Anggunpuri is even better at 95%.
We are sensing that the expats are coming back with the picking up of occupancy rates across Mont Kiara, we would expect that Angkupuri (and correspondingly, Almaspuri) would be high in the consideration list of renters. The design may be a decade “older” than the newer generation of Mont Kiara condominiums (see MK10, MK11 and the Arcoris – the designs are rather… futuristic), but some do prefer the “homeliness” of these older apartments. Angkupuri is still competitively priced, and its new coat of paint would probably last it a couple of more years to come.