Mont Kiara has long been known as expatriate heaven, because of the smart planning and positioning by Alan Tong, Malaysia’s very own “condo king” who pioneered the area back in the 1990’s. The carving out of a new area out of the slum-my Segambut area and rebranding exercise which transformed the area into a classy district lined with posh condominiums are truly a masterful move. At present, Mont Kiara remains a privileged address, and for that buyers are willing to shell out a premium at a level just below (and sometimes comparable to) that of KLCC condominiums.
Within the many condominiums in the Mont Kiara area stands Mont Kiara Bayu, a property developed on a five-acre freehold land by property giants Sunrise (now known as UEM Sunrise after the merger with, well, UEM). Off Jalan Kiara, Mont Kiara Bayu is located within what’s known as the “original” cluster of condominiums which include the Palma, Pelangi, Astana, Aman and Damai, alongside with the newer (and more upmarket) MK10 and MK11.
The advantage of the older condominiums such as the Bayu is that it usually has the prime-est spots in Mont Kiara, and as any seasoned property investor would tell you, it’s all about the location! With its superior “walkability” (meaning that most amenities are reachable by foot), the appeal to potential renters is relatively high, and this means that the older Mont Kiara properties often have better rental yield. (For a better description of what walkability is, click here).
Below is this property’s data sheet:-
|Name||Mont Kiara Bayu|
|GoodPlace Walkability Score||74|
|Rental||RM1,550 - RM5,700|
Mont Kiara Bayu Prices
The condominium’s original listed price is at RM500 per square feet’which is relatively lower as compared to other condominiums that are located in Mont Kiara (compared to, say, the VERVE Suites). However, over time, its prices have risen as expected. Starting at above RM350 per square feet back in 2003, it made a slow climb to RM450+ per square feet in the middle of 2006, went up to RM500 per square feet in 2010, and listed at RM600 per square feet in the end of 2012.
Seeing this trend, the appreciating price each year seems to make it a somewhat good investment. There is a recorded about 5-7% increase every year ever since it was made available to public in 2003 until 2007. It remains popular in the Mont Kiara district as a posh condominium with reasonable prices, therefore attracting a lot of potential buyers and investors.
Back in October 2013 there was a recorded transaction where a mid-level 798 sq ft unit was sold for RM575,000 – representing more than RM700 per sq ft.
The following chart depicts the asking prices for Mont Kiara Bayu as recorded from various public sources for the last couple of months:-
Built-up Areas, Layouts, Facilities
Mont Kiara Bayu’s one tower comprises of 398 units on its 42 storeys. Parking bays and facilities are all found on its topmost floor.
Typical built-up areas of units start at 798 square feet and can reach up to 2,300 square feet. Buyers and investors can choose from a one, two, and a three bedroom unit. Layouts are as follows:
- 798 square feet
- 1,000 square feet
- 1,048 square feet
- 1,280 square feet
- 2,300 square feet
A tenant here at Mont Kiara Bayu would not have to go far to experience first-class amenities. The condominium offers its residents convenience, as well as facilities that would keep everyone occupied and living well. Here are some of the condominium’s facilities:
- Barbecue area
- Mini market
- Jogging track
- Swimming pool
- Tennis courts
- Badminton courts
- Multi-purpose hall
- 24- hour security
The facilities do seem a little “carbon copy” from the standard Sunrise condominium, but since it’s working, why mess with it? 😉
Why Mont Kiara
One of the many reasons why a lot of people love the Mont Kiara area is the convenience its location offers. While a lot of the younger generation would prefer a KLCC or a Bangsar address because of their fast-paced and fun ‘personalities’, Mont Kiara has a more quiet, exclusive, and calm facade – perfect for families, professionals, and expats. Living at the Mont Kiara Bayu guarantees a classier and a more prestigious approach to life’ as proven by testaments taken from its residents.
The condominium has received a high rating of 79.8 by the BCA, one of the highest among Mont Kiara condominiums. It is situated around a lot of schools, such as Garden International School, SMK Taman Sri Hartamas, SMK Segambut Jaya, Sekolah Bukit Damansara, and Sri Cempaka International School. The French Lyceum is also found north of Mont Kiara at the very end of Jalan Dutamas Raya (next to Anggun Puri, and opposite BRDB’s Verdana).
Mont Kiara’s location is also perfect for golf aficionados, as KGPA, KLGC, Tropicana Golf and Country Resort, and Sri Selangor Golf Club are all nearby. Residents can enjoy living in an area where restaurants are abundant – take a stroll around Mont Kiara and you’d find yourself lost in an array of busy cafes, restaurants, and posh shops. Plaza Mont Kiara and Solaris Mont Kiara are all within walking distance. Like Bangsar, Mont Kiara can give you a lot of options, too.
What We (Really) Think
Our opinion? Well… Mont Kiara Bayu is one of the “mid of the range” condominiums here in Mont Kiara, and could be suited for the first time investor of middle range or “mass prestige” properties. It could be seen as somewhat “dated” – it was completed in 2002 – but if age is not a factor then this could be a very sound investment indeed, especially when compared to the somewhat overpriced condominiums in the KLCC enclave.
There’s definitely still bargains to be had – especially if you can spot one which is selling below market value (and we do see a couple posted from time to time in our local property portals). The trick here is to know what’s the “threshold” price so that you do not overpay. Use this guide that we have prepared for the readers of PropertyReviews.my in order to evaluate the “fair market value” of properties.