Hi people and experts out there. Just want to know your opinion on this, Is Vista Kiara condo worth buying now for investment? One Mont Kiara has opened. And Vista Kiara residence can walk thru Plaza Mont Kiara via a private access road at the back of Plaza Mont Kiara. And from there can walk to One Mont Kiara.

Also i heard, the Sunrise Sportzone (next to vista kiara) is confirmed going to be another condo with a price tag starting from around RM1 million. And YNH Kiara 163 next to Plaza Mont Kiara may be launched in near future.

So with all these things happening, Vista Kiara although old but the location is very good. So i thought it will still go up in value when all these projects has been completed.

Any opinions here?

Very old and outdated looking condo.....i rather chose MK pelangi, pines or palma...

I think the design is so bad they should tear it down!

Actually it's completed in 1997. newer than MK Pelangi and Pines. The reason i mentioned Vista Kiara is because the price is more affordable and it has been going up for the last 6 months.

You guys think still worth investing in Vista Kiara?

NO

Care to share your reason for NO?

1. vista kiara is not developed by sunrise and therefore the annual events held by sunrise will not benefit any tenants in non-sunrise developed projects. people who would like to stay there 'prefer' to join in the fun else they wouldn't be in MK anyway.
2. vista kiara is considered lower class compared to other projects in the same vicinity. when tenants are given a choice (and at the same par value of rental), why would they want to stay in a high class area when their affordability is lowered compared to the crowd. eg. you are driving a honda accord but was invited to a ferrari gathering. should the honda stick around or should he leave?
3. if the surrounding is going to be developed by super high end luxury condos, vista is going to stick out further in terms of it outdated design. it's gonna look as if it's a squatter house compared to the others. not to mention the pollution that the people staying here needs to endure until the neighbour project is completed. please do not forget MK in general is more tenant's market. why would they want to endure pollution when they could easily rent from the other thousands of units available there??
4. let's not forget the 'equivalent' competitor nearby the area for the same price. is the competitor stronger, better, faster?
5. the road is congested and often jammed up during GIS school break hours.

there's 5 reasons up there. need more?

Thanks for you input.

But investing in Vista Kiara with an "appropriate" price would suit the real estate saying of "Buy the worst house on the best street rather than buy the best house on the worst street."

What do you think?

this is not the best street in mnt kiara...jalan kiara 3 is the worst street in mont kiara....look at the design of vista kiara...look like a 'H' and 'L'....so lame design....

I think Vista Kiara got potential given the fact that it's all surrounded by so many new retail cum office tower cum condo developments and it's all walking distance.

And also for those new projects all the prices are very high. So investors buy high and have to rent out high. But for Vista kiara the price is low, so the rent can be low also. So my rationale is you pay low rent, yet you can enjoy all the multi-million price tagged amenities around you.

Good what.

soongkm,
you have requested for input which some have given. nevertheless, all are entitled to their own opnions. some of us think no and you definitely think yes.
if you are merely seeking support for your decisions, then by all means go ahead.
since you have 'successfully' refuted each disadvantages that we have quoted.
Buy Buy Buy!

I will stay away from jalan kiara 3 as well
Except maybe ceriaan kiara super huge build up

From loan applications, I can see people sapu vista kiara big or penthouse units.
Dunno why. I wont. Is run down building

Just further up kiara 3 new condo fully furnish rm3.5k only rental

This post has been edited by airline: Jun 21 2011, 10:27 AM

If die die wan jln kiara 3, i chose casa kiara 1....high occupancy rate and easy rent out...around 450psf only...

i think i will still go for laman suria, kds or casa kiara.
laman and kds still sunrise product mah...

yalo, since u oledy think this is so good buy.nt nid ask opinion frm here la....most ppl think this is worst design condo in mont kiara and very bad maintain....

I am anti sunrise. Car park all seperate from building.
Have to walk far. Not underground parking
Even mont kiara Aman
Maybe some people like

Aiyo, pls don't all nuke me like this loh... just stimulating discussion only. All inputs by fellow forumers are highly appreciated.

By the way airline, do you know where is Vista Kiara residents' carpark? Underground? because i can't see a carpark complex like those in sunrise condos.

fyi and imho,
underground parking consumes more electricity for lighting since it's dark and also hotter since lacks air circulation.
most people who built underground cp is because of lack of space. they need to put the building on top of the cp.
did you notice dpc latest condo also detached cp building to the condo?
i prefer elevated cp for many reasons:
1. better air quality as opposed to high humidity
2. prevention of flood problem (if any)
3. better lighting compared to basement cp
4. better security as visible from outside

do take note that if sunrise do underground parking like plaza mont kiara itself, they usually reserve plenty of pockets of airwell (direct sunlight hitting to the lowest floor of basement).
mk aman also have similiar features where sunlights practically hits the lowest floor at the perimeter of the parking in block a. the cascading water features below are the worst spots. actually mk aman do have underground parking a bit. but it's partial underground.
try 10 @ MK, most of the CP is well ventilated.
same like laman suria, damai, banyan, etc.

Kochin, so do you know where is Vista Kiara resident car park? Underground? Or elevated? Or in a carpark complex.

Would appreciate your reply on this if you know.

i like undergound carpark below residential building too, not need walk to long way frm carpark to unit.....and the living units is much higher....nice n cozy...