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Embracing The North Kiara Diversity

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Spacious living minutes away from the city at a redeveloped address.

Over the past four years, North Kiara located between Mont’Kiara and Desa ParkCity have witnessed a new lease of life. Developers have redefined the landscape of North Kiara to accommodate the spillover effect residential demand around the Mont’Kiara area.

ALL ABOUT THE LOCATION

The strategic location of North Kiara attracts locals and expatriates as readily available amenities such as prestigious schools Lycee Francais de Kuala Lumpur, Gardens International School, SMK Seri Hartamas and Mont’Kiara International School, commercial centers such as Publika, Solaris, Plaza Mont’Kiara, 1Mont’Kiara and hypermarkets such as Tesco and Giant. Due to the diverse availability of amenities, the crowd of North Kiara reflects the diversity, ranging from families to fresh graduates who need a one-stop living lifestyle residence.

According to CBRE-WTW managing director Foo Gee Jen the target market of North Kiara property is the middle-income group. As the area is still undergoing redevelopment with plenty of upcoming projects since the area is an extension of Mont’Kiara prices is still within the affordable range for buyers. 

OVERCOMING THE SPEED BUMPS

Segambut area has been known for congestions due to narrow roads but the issues are being resolved with road widening and public infrastructure. According to CEO of Ho Chin Soon Research Ishmael Ho, the improvement in infrastructure would likely to increase the appeal of the location.  Furthermore, the pricing point is still reasonable to draw buyers in. As developers continue to rebrand and develop the area, the infrastructural concerns would be overcome with adequate changes.

 

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CONCERTO NORTH KIARA

Concerto North Kiara is strategically located in the Dutamas area, the northern side of Mont’ Kiara. It offers a fusion of luxury, elegance and nature with beautiful landscaping, water features and recreational facilities. Concerto parades a three-tower façade that sits on a five-acre freehold land. This fine exclusive collection of homes comprises of 440 units, amidst the delightfully enchanting greenery located along Jalan Dutamas Raya. A melody of five different layouts will tease the taste buds of modern property owners. Units at Concerto Mont’ Kiara measure approximately 1,580 sq ft to 2,084 sq ft in size, comprising 3+1 bedrooms and 4 bathrooms with an excellent flow of ample natural light.

All units are aligned north to south with large wide window panels in the main living room and bedrooms to provide natural lighting and ventilation, while providing great views of the city or garden. Each unit has been meticulously designed to let in the cool breeze of the wind and sunshine regularly. With only three units on each floor serviced by four lifts, each unit is served by two lifts with private lift lobbies. Personalised lift access cards ensure unrivalled security, matched by meticulous security personnel services.

AREA ANALYSIS

Sr Firdaus Musa managing director of Firdaus Associates Property Professionals Sdn Bhd mentions “North Kiara which was formerly part of Segambut is now an extension of Mont’Kiara, promotes the same lifestyle type of development with modern high end living concept but at a lower fraction of price compared to Mont’Kiara. The areas are relatively new in terms of the new buildings and are poised to achieve good capital value in the future. As an extension of Mont’Kiara, the increase in critical mass for the area provides good demand and activities where we can see a 20% jump of price for commercial units in the area. The residential units are yet to show any change in the value as secondary transactions are still in its infancy. As the area matures, we could see that the area will provide quality lifestyle accommodation for the younger generation.

Transaction sales price of condominium and apartments remained stable between 2015 and 2016. Despite the saturation of high-rise residential properties especially within the Mont’Kiara area, the prices remained stable due to the larger built up area of condominiums and apartments comparative to the surrounding area. Key highlight of North Kiara is the transaction sale prices of stratified commercial units, the 20% jump also highlight the booming potential for business who are capitalizing on the growing population within the area.

Considering the slow economy last year, transactions prices have remained stable within all property type at North Kiara, as an extension of Mont’Kiara the area have lured home-buyers due to the proximity to Kuala Lumpur and accessible amenities minutes away.

THE FUTURE

With prominent developers such as UOA Group, BRDB Developments Sdn Bhd, Tago Malaysia Sdn Bhd within the area, and the prospect looks good for buyers who are looking for spacious living just minutes within all the desirable amenities. Projects within the vicinity has also seen new lease of life due to the rebranding of the area as North Kiara. Once abandoned project the Azaran Hill renamed to Royalle Condominium refurbished by Wisdom Realty Sdn Bhd has received positive feedback. As under construction projects such as Anjali@ North Kiara is completed next year, the unique composition residents of North Kiara would continue to see the area grow with vibrancy of diversity from the charming warung to expatriates jogging around the intermix of North Kiara.

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