Mont Kiara has been known as a magnet for expats and for the well-to-do’s, as seen on the uber luxury condominiums seen within its vicinity. Mont Kiara Astana is one of the earlier batch of upmarket Sunrise condominiums (having built in 2000), and remains a favourite among buyers and tenants due to its well maintained condition and superior location right in the centre of Mont Kiara.
The condominium is made up of two blocks situated on 5.6 acres of land, each with 27 storeys. There are 281 units in total, which vary in size, starting from 1,241 square feet to 2,999 square feet. Units come in standard and super-deluxe sizes.
Though a little bit older than most of its surrounding condominiums, one remarkable thing about the Astana is its location that favours a lot of its residents. The location of the condominium is a great balance between work and play, as there are a lot of business complexes and offices that are located near the Mont Kiara enclave. Dining and entertainment spots are within reach, and shoppers can put their favourite past time into action through One Mont Kiara.
Mont Kiara not only attracts the young and privileged, its environment is also suitable for families with growing children. Nearby schools include the Mont Kiara International School (MKIS) which is within walking distance as well as the Garden International School on Jalan Kiara 3.
The condominium is served by major highways and public transportation (not that the residents would need it, anyway – Mont Kiara is quite self-contained as a community). New Klang Valley Expressway, Damansara-Puchong Expressway, and the Sprint Expressway make it easy to go to major cities and districts.
Like many other condominiums, each resident would be given access to the condominium’s facilities that make living easier and more comfortable. Some of the condominium’s facilities include:
- Covered parking
- Tennis court
- Squash court
- Barbecue area
- Mini market
- Swimming pool
- 24 hour security
Shopping centres, convenience stores, malls, and entertainment spots are also within driving distance. Being one of the older condominiums means that the Astana has one of the prime-est spots in the whole of Mont Kiara which is perhaps its biggest selling point.
Mont Kiara Astana Pricing Analysis
The chart below shows the asking prices for Mont Kiara Astana as we have collected for the past few months.
The data above is useful to depict the trend of the asking prices, but if you want to know what’s the fair market value of Mont Kiara Astana then you will need to look at the data on transacted prices instead. To learn how to do this, get your hands on GoodPlace.my’s “How Much Is A Property Worth” report which you can download by going here.
Few can compare to the achievements and recognitions Sunrise have received throughout its presence in the Malaysian real estate industry. For one, the company has made it into the Forbes Asia’s Best Under $1 Million list of companies back in 2005. It has since merged with UEM to form UEM Sunrise.
Mont Kiara Astana has also received a lot of accolades and awards, recognizing the condominium’s beautiful architecture and external works. Its landscaping is a marvel—it was awarded twice for it by the Kuala Lumpur City Hall Landscape Awards for commercial and condominium category in 2002, and was awarded second prize in the National Landscape Competition during the same year.
Mont Kiara: A Stable Investment…?
A lot of investors have had their eye on Mont Kiara for a while, and they would probably continue investing in the posh location for a couple more years to come. The number of residents in the area are only growing and growing every year, creating more opportunities, such as jobs, businesses, and other development projects. Mont Kiara Astana is definitely the centre of it all, with good amenities and facilities to boot.
This being said, there is also a tendency for Mont Kiara to be congested and over-populated — making traffic jams unavoidable and the streets crowded. But then again which area in KL is not getting congested nowadays? This has also resulted in the rise of mixed developments in the city (such as the Empire developments in Subang Jaya, Damansara as well as Megan Ambassy in downtown Kuala Lumpur) but that’s another story. And don’t even get us started on KLCC. 😉
The asking price ranges from RM500 to RM600 PSF may be seen as fair, but the Astana is one of the “older” condominiums in the Mont Kiara enclave which somewhat puts it at a certain disadvantage especially against newer developments. However, its location is hard to beat, and is a cheaper alternative compared to, say, 11 Mont Kiara and MK10 (which reached the RM1,000 PSF level although the prices have also tapered down a little).