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Investment RESIDENSI 22 @ MONT'KIARA [OWNERS' THREAD], The latest Sunrise series in MK.

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nicklau510
post May 22 2018, 11:26 AM

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QUOTE(Tan&tan @ May 19 2018, 02:05 PM)
Hear say transaction very slow for this r22 . Saw at iproperty 500 plus for rent ... how to compete . Hahaha
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Most of the advertisements are actually of the same units being published by various agents at the same time. (Hence, 500 plus) Competing for business smile.gif. Can do a simple look through of the pictures being used. There's only a total of around 530 units in the whole project, in which approximately 30-40% of R22 will eventually be in the rental market or 150 to 200 units due to its close proximity with Gardens International School and MKIS.

However, currently less than 60 actual units are ready for rent as some units are undergoing renovations, as VP for Block B was recently given, with some still in the process.

The larger units of 2,973 sq ft and those more than 3,000 sq ft are mostly for own-stay, totaling almost 150 of these units. Only a handful of these larger units are for rent or sale. The smallest units of 1,878 sq ft, and the other smaller units of 2,020 and 2,243 sq ft are the most popular in the rental market. More units will surely come into the rental market in the near future but would peak around 150- 180 units. Given the higher demand with some expatriates moving in upon VP in the rental market, way before the locals which are still in the process of renovating their units, there should be quite a sizeable demand in both the rental market and those for own-stay.

Given the affordable rent of between RM6.5k to RM10k (US$1.6k to US$2.5k) per month for a smaller fully furnished unit and rent of only RM11k to RM15k (US$2.75k to US$3.75k) per month for the larger units, this would be a steal for most expatriates and professional Malaysians.

But we would know the real picture in about 12 to 20 weeks’ time, when the majority of the renovations are completed for Block A and the handover is completed for Block B. And more renter and owners move into R22.

nicklau510
post May 22 2018, 02:45 PM

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QUOTE(Tan&tan @ May 22 2018, 12:48 PM)
Any Malaysians so stupid go rent above 6k ? Hahahahah any ya got so many expat moving in a ? If me I will never choose r22 there so many better choice out there ... Tiffani seni , Better location .
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Hey yup very true..mostly Malaysians wont rent above 6k, it would be expats. Yup the other condos you’ve mentioned are also amazing, with good price points, more choices for consumers. smile.gif

To answer your question on why so many expats moving in; One of my colleagues mentioned close proximity in terms of walking distance as a reason for R22 that is favorable among new expats to Malaysia. Their wives/husbands would prefer the school to be within 3 mins walking distance for convenience, and Garden International School’s gate is directly facing R22’s Jalan Kiara 3 entrance, whereas MKIS is a 3 mins walk from R22’s entrance on Jalan Kiara 4. All within 3 mins walking distance. For Malaysians not an issue, cause we all drive. But some expats do not have drivers, and their stay-at-home wives/husbands depend on taxis etc. Or they have to hire a private transporter/bus driver for their kids if they stayed further. Only the working partner usually gets a driving license and drive to work. And of course, no kids this won’t be a factor haha

But all also depends on family size and what the person is looking for. If just husband and wife, then I would recommend Tiffani Kiara. if bigger family, then R22 and Seni. If got driver, then Seni, 11 Mont Kiara and 10 Mont Kiara would be great choices too.

Tiffani Kiara – for the 800 sq ft - rent is RM3.1k to RM3.9k and for the larger units, from RM6/7k onwards.
Seni – for around 2,300 sq ft - rent is RM7.5k onwards
R22 – for around 1,900 sq ft - rent is RM6k onwards

Pros for Tiffani – lower entry level for rent - smaller units (800 sq ft available), close to Solaris Mont Kiara, mature surrounding, 7-10 mins walk to Publika
Cons for Tiffani – older condo (built 2009) but well maintained, higher rental psf for small units (RM4.50 psf)

Pros for Seni – established neighborhood/condominium, close to Solaris Mont Kiara, tenanted, 7-10 mins walk to Publika
Cons for Seni – older condo and design (built 2010) but well maintained, larger units

Pros for R22 – right opposite GIS (1 min walk), dual-entry (to avoid jam on Jalan Kiara 3), new condo and amenities (2018), new surroundings (Arcoris and Kiara 163 Mall: Nov 2018), 3-5 mins walking distance to Plaza Mont Kiara & 1Mont Kiara
Cons for R22 –larger units, low tenancy



nicklau510
post May 22 2018, 03:00 PM

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QUOTE(Tan&tan @ May 22 2018, 02:57 PM)
Many good points . I can’t type so long hahaha. Just a point . My own view . R22 facade is very ugly compare to all the comparable products in mk .
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Hahaha no worries. Yeah fair view, I mean everyone would have their own preference and liking smile.gif

 

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