DEVELOPERS are well aware of Mont Kiara’s appeal to both locals and foreigners and have seen demand from the urban populace keen to buy into this affluent township.

Capitalising on this demand, they have embarked on various high-rise residential developments in the area. We take a look at the upcoming supply of condominiums and serviced apartments in Mont Kiara and Dutamas.

Based on our observations, the current focus for future high-rise developments within Mont Kiara and Dutamas seems to be shifting more towards commercial as well as integrated developments. That trend is looking to persist in the foreseeable future — as a whole, there is currently a limited supply for future high-rise residential developments as most high-rise future developments consist of service apartments and mixed integrated developments.

Pavilion Hill Top by Sime Darby Property.

Aside from an aura of exclusivity due to scarcity of future residential supply, those who are keen to buy into these localities will be pleased to know that the unit sizes for most future developments in the area provide a generous amount of space for future home buyers and tenants.

When it comes to amenities, most high-rise residential developments in these areas are equipped with the basics such as 24-hour security, minimart and gym, offering convenience to residents and tenants. That being said, a more discerning consumer base as well as a competitive market has seen developers stepping up their game, offering extensive amenities and facilities such as tennis, squash or badminton courts, club houses, launderettes and many more.

For serviced apartments, the current price range for future supply is around RM900/RM1,000 per sq ft (psf) and above while the future condominium developments in Mont Kiara and Dutamas are priced around RM800/RM900 psf and above.

Senada Residence @ Alya by Sime Darby Bhd

Of the various developments in the area, Solaris Parq recorded the highest price psf among all serviced apartments located in Dutamas at RM1,200. The main reason is because of the location as it is considered a prime site and it is adjacent to a successful mixed development. Its developer, UEM Sunrise Bhd, has a good reputation and is a well-known brand. Based on what we have gathered, these featured projects have a high take-up rates (70% and above).

Story courtesy of Henry Butcher Malaysia

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