Kiara Designer Suites (or also known as KDS) are bloody awesome. There, I said it.
Situated in the expatriate magnet otherwise known as Mont Kiara (well, strictly speaking, it’s nearer to Segambut Dalam), it is in the same neighborhood of Laman Suria and Casa Kiara. Developed by Sunrise (the “original” Mont Kiara developer which is behind the Plaza Mont Kiara, Arcoris Suites and MK28 (28 Mont Kiara) projects. Has Sunrise ever launched a dud development in Mont Kiara? 🙂
Sunrise consistently wins awards, including the FIABCI Malaysia Property Award. In fact, it has won the award a record-breaking three times! Awesome reputation with a well-established track record in the Malaysia property market indeed… although now that the founders have moved on to set up another developer (Bukit Kiara Properties) and UEM has merged with Sunrise, we will see whether the new UEM Sunrise entity will continue to, well, kick butt.
The Kiara Designer Suites are on the Jalan Kiara 3 – the same stretch which also houses Vista Kiara, Laman Suria, Casa Vista 1, Kiara 9, Ceriaan Kiara and Kiara 1888. Jalan Kiara 3 connects to Jalan Segambut on the other side which where the infamous Ceriaan Segambut Squatters Suria is located. OK, bad joke. 😉
KDS – The Configuration
A freehold development completed back in 2007, the tower block houses a total of 324 suites designed tastefully with modern architectural design principles. There are also a total of 14 “Cabana” suites which are at the recreational deck level. The build-up area ranges from 1,088 to 1,428 sq ft in size. Rather small by any standards, but the development is targeted at the entry level – or bachelors, or even small families.
The asking and transacted price also increased steadily over the past few years. In fact, the asking price has gone up to as high as RM650 per sq ft during the time of writing. During launch, prices were as low as RM350,000 per unit, which translates into RM500 per sq ft. The capital appreciation is not great, especially when compared to condominiums elsewhere in Mont Kiara or even Bangsar. This does, however, indicate that there may be an opportunity to “mop up” the units here which could be undervalued in the market.
We have observed that the asking prices for Kiara Designer Suites have been rather erratic of late, with a broad range from RM550 to 700 PSF. As asking prices can be arbitrarily set by agents, they can be a misleading indicator of “true” market value. In order to know how much a unit here is really worth, use GoodPlace.my’s guide which can be downloaded for free – click here.
UPDATE: Following is a chart depicting the trended asking prices for Kiara Designer Suites as we have collected from various public sources for the past couple of months:-
Back To Basics
The units could be seen as “basic” especially when compared to other Mont Kiara developments such as MK10 (10 Mont Kiara – also by Sunrise Berhad), or to KLCC condominiums. However, the “stripped down” look may appeal to tenants and buyers who are looking for less clutter and unnecessary facilities. Kiara Designer Suites are clean, sophisticated and screams “simplicity” but yet elegant.
A minor setback would the the lack of landscaping on the three-acre land, but this is not a major factor amongst a majority of tenants, judging from the take-up rate during the launch and the current occupancy rates.
Segambut Dalam vs Mont Kiara
KDS’ location in Segambut Dalam may be less appealing to some, as one would need to pass through some squatter areas before reaching the condominium if you’re coming from Segambut (but it’s not as bad as, say, Kiara 3). There are also those who believe that condominiums which are located in the heart of Mont Kiara would fetch better price compared to those “off-center” such as Kiara Designer Suites – although this may not be necessarily true.
All in all, if you are looking to invest in an entry-level Mont Kiara condominium unit then Kiara Designer Suites should be among the very top in your list. Given the reputation of Sunrise, there is indication that there is good capital yield, but as always, do your own research, and don’t completely take PropertyReviews.my’s word for it. 🙂