Mont Kiara Damai seems to be one of the many (often seen as cookie cutter) condominiums which line up the main Jalan Kiara artery which cuts across the Mont Kiara enclave. Indeed, from the outside, nothing seems to distinguish Damai from its other Sunrise peers like its neighbouring Bayu, Aman and Astana. Upon further digging, we did find some unique features and some “insider” stories as well… keep on reading.
If you’d take a closer look at the available listings in the box above, you’ll see that there are typically hundreds of available units for sale at the Damai. We are not sure if all of the listings are legitimate or not, but we can talk to our agents and get a cleaner list for you if you like. Contact us using the DealMatcher feature.
When we talked to agents and tenants about Damai, it seems that there’s a strong “love it or hate it” feel about the property. We’ll find out why this is the case soon enough… 🙂
Bungalows In The Sky…?
Mont Kiara Damai was completed in 2004 with the vision of “bungalows in the sky.” True to its name, units at Mont Kiara Damai are built-up with the following specifications:
- Standard (2,272 to 3,325 sqf)
- Super Deluxe (5,934 to 5,733 sqf)
- Penthouse (5,934, 8,080 and 8,727 sqf)
These are plus sized condominiums which were hugely popular for a period (with the proliferation of expatriate with sizable families), but apparently the demand has died up a little, and this unfortunately has reflected rather poorly on the asking and transacted prices. In a report by NAPIC regarding the property market in 2013 specifically called out Mont Kiara Damai as one of the condominiums where “prices have tumbled“.
Mont Kiara Damai is a freehold low-density luxury resort-type condominium nestled on Jalan Kiara 2. It is a 40-storey tower housing a total of only 230 units on a rather huge 8.7-acre land. Given the numbers, the ratio is 26 units to an acre of land – this is much lower than other similar condominiums in the enclave.
Below is a concise data sheet about the property –
|Name||Mont Kiara Damai|
|GoodPlace Walkability Score||74|
|Rental||RM5,150 - RM17,700|
Mont Kiara Damai Prices: The Going Rates
As of this writing, average transacted price for units at Mont Kiara Damai is at around RM600 psf. This is comparable to its neighbor Mont Kiara Aman which sells for RM640 psf. Perhaps not surprisingly, the demand for bigger spaces in the Mont Kiara enclave is decreasing, giving Mont Kiara Damai less leverage over newer (and smaller) condominiums.
Want to figure out what’s the “fair price” for a Mont Kiara Damai unit? Pretty easy… download our easy valuation guide here.
The chart below shows the asking prices for Mont Kiara Damai for the past couple of months (as we have collated from various public sources and websites) –
Out and About
Mont Kiara Damai is a popular home among expatriates with families as it is strategically located within short distances from international schools. In fact, one may walk from Mont Kiara Damai to Garden International School or to Mont Kiara International School. Several shopping centres may also be found within the vicinity of Mont Kiara such as Plaza Mont Kiara, Solaris Mont Kiara and the newly-opened 1 Mont Kiara Mall.
For hobbyists, the KL Golf & Country Club and Bukit Kiara Equestrian Club are barely 10 minutes away from Mont Kiara Damai. Restaurants, cafes and pubs are within reach. Depending on your fancy, you can have French, Korean, Japanese, Italian, Western or fusion cuisine. Or even fast food. A number of clinics, spas, salons, learning centers and child care centres may also be found around. Mont Kiara is rather self-contained, and this is a good thing to many, especially expats.
Going to and from Mont Kiara is a breeze through any of these main roads and highways: Sprint Highway, DUKE, NKVE, Penchala Link, Jalan Duta and Jalan Kuching. However, there are very limited options for public transport. Too limited that your only probable choice is a taxi. This has not posed any problem so far because majority of residents of Mont Kiara have their own transportation.
About The Developer
Sunrise Bhd (now known as UEM Sunrise) are the guys behind most of Mont Kiara’s developments. Included in their project portfolio are 28 Mont Kiara, 10 Mont Kiara, Lumina Kiara, Villa Mont Kiara, Mont Kiara Aman, Mont Kiara Astana, Mont Kiara Bayu, Laman Suria, 11 Mont Kiara, Mont Kiara Sophia, Mont Kiara Pelangi, The Residence, Plaza Mont Kiara, Solaris Dutamas and Solaris Mont Kiara.
With a very impressive portfolio, Sunrise is a multi-awarded developer and had been in The Edge Malaysia’s Top Ten Property Developers Awards for nine consecutive years from 2003 to 2011.
Sunrise is also working on Arcoris Mont Kiara (reviewed here), a mixed-development project integrating five components into one. The Arcoris has launched the business suites (2011) and SOHO (2012) components and is expected to launch the residences component soon – covered by the Malay Mail here.
Mont Kiara Damai seems to have a lot of aces when it comes to property investment. For one, its developer, Sunrise, is trusted name in residential development field. And as any Malaysia property enthusiast would know, developer reputation drives sales. Another plus point is the space it provides its residents. As time goes by, condominium units seem to be scrimping on space to maximize income… and this is rather true especially for developments in Mont Kiara and the Hartamas area.
Our verdict:- Mont Kiara Damai is a reasonably-priced residential property which seem to be a good investment. It is especially perfect for families with growing children – given that the entry level sizes are at a rather hefty 2,200+ sq ft. For singles looking for a swanky bachelor pad then this condo might not be suitable (Kiara Designer Suites come to mind immediately) unless they are looking for more space for that extra wiggle room.
Also, Mont Kiara prices (on a PSF basis) is still rather competitive especially when compared to, say, KLCC condominiums. Comparable KLCC condos (in terms of size such as Residensi Kia Peng) are much more expensive, with asking prices going up to as much as RM1,200 PSF on average.