Sunway Vivaldi is a freehold development which consists of three blocks, covering a vast area of 7.7 acres. There are only 228 units of apartments, which means that this development is low density with only 30 apartment units per acre of space. Sunway Vivaldi is located just off the Kiaramas area located in the west of Mont Kiara.
The GDV (gross development value) of Sunway Vivaldi is some RM635 million. Occupying a prime location near Desa Sri Hartamas and accessible via the Penchala Link, Jalan Duta (PLUS highway) and Jalan Sri Hartamas, it is uniquely positioned as “Sky Bungalows“, with more space than the average Mont Kiara condominium with enhanced security and privacy features.
Sunway Vivaldi’s launch was indeed quite buzz-worthy as it was Sunway’s maiden project in the Mont Kiara area. We’ll see what the big deal is…
What You’ll Get
Each of the three blocks houses 20 stories of duplex units of 5,490 sq ft of space each. Given its large built-up space, Sunway Vivaldi targets growing families instead of singles looking for bachelor pads. There are also smaller units of about 2,500 sq ft priced at more than RM780 per sq ft.
Sunway Vivaldi is most commonly compared with Icon Residence (a prestigious development also in Mont Kiara by the Mah Sing group), MK28 (also known as 28 Mont Kiara by Sunrise Berhad) and Verdana by BRDB (the developers of the exquisite Troika in KLCC). It’s known as one of the more “premium” condominiums in the Mont Kiara enclave. A major selling point of Sunway Vivaldi is the private lift feature for each unit.
The data sheet below shows Sunway Vivaldi’s vital statistics –
|GoodPlace Walkability Score||76|
|Rental||RM6,000 - RM20,000|
Sunway Vivaldi Pricing Analysis
Priced at RM2.5 million or more, Sunway Vivaldi is for the affluent. There is also a guaranteed capital appreciation program – you may want to enquire about this from the developer before you purchase a unit. Already popular with investors, the rental yield is superior – there have been reports that units have been getting rented at more than RM15,000 per month.
In early 2014, there were reports of transactions recorded for bigger units; a 4+1 bedroom, 3,671 sq ft unit was sold for RM2.8 million (or RM762 PSF). The said unit was unfurnished at a relatively high floor.
If you need some guidance on how to come up with Sunway Vivaldi’s fair market value, then check out this free guide on property valuation.
The chart below shows the trend of the asking prices for Sunway Vivaldi as tracked over some publicly available data sources for the past few months –
Our Final Analysis
We like Sunway Vivaldi just because it’s not Sunrise! Nah, kidding, we love Sunrise’s work, and its prolific output over the years have been pretty awesome to say the least. Sunway is an established developer elsewhere, but it’s still a newbie on the block as far as Mont Kiara is concerned. Whatever happens, it won’t screw this project up, I tell ya.
Sunway Vivaldi’s launch back in June 2009 was well received, with a take up rate of 60%. The project was also relaunched in 2011. Anecdotal reports show that occupancy rates have been improving, although the guards and the management has been reluctant to tell us what the actual figures are. Just drive by and see how many units are lit up at night. 😉
The rental market has always been challenging in Mont Kiara, but for savvy investors who know what they are doing, this enclave is a haven for expatriates who are able to afford relatively high rental rates. There are not many choices for the expatriate with a growing family except for apartments with large spaces, and Sunway Vivaldi fits this criteria nicely.
There are some concerns however about some of the units which face the highway – this means that there could be exposure to noise levels from the expressway. Also, a common complaint among Mont Kiara dwellers would be the blocked views from newer high rise condominium developments.
The asking price of RM750 psf (at the time of the publication of this review) seems to be flat compared to the launch price of around RM780 psf, and this may be a result of a couple of factors: high density, its location next to the highway, etc.