Hi all,

I'm considering buying a condo in mont kiara for own stay. After some consideration in term of budget and environment, this 2 choices were made.

However, i've received a lot of advise from friends not to buy a condominium in Mont Kiara as the condos there are way oversupply, hence risk of price drop.

Some has also said that i'll be better of buying a landed house in cheras which is cheaper.

So i'm here to ask for your expert opinion.

If it's staying in MK, which one is better? I-zen or Kiara Designer's suites.

Or

Should i just buy a landed house in cheras and go through crazy jam every single day.

Your opinion is greatly appreciated.

Regards

I think cheras will be less jammed after the MRT is ready. where r u staying now?

Buy landed in cheras, save some money to invest another house

This is my opinion only. Since you mentioned it's for own stay, you need to consider the environment and location of the property you going to buy. For example, near to work area, child upbringing, safety, convenient for daily supply and entertainment.... Really depends on what you looking for. If for me, I will get a condo in Mont Kiara since it's for own stay, value appreciation or depreciation is not a major concern already. Why I choose MK instead of CHeras, I think the environment is better and nearer to my work area (no need jam like hell) I am not agent. I also looking for condo in MK and others area but for investment. If you have good tips, pls do share. Thanks

i'm staying in anggerik area.. possibly lesser jam but looking at the new developments going on in cheras.. i don't really think MRT can help a lot.

the money left will only allow me to invest in cheaper condos/ apartment, which choices are very limited

i don't think i will invest in property in near future. Considering more and more policies are being implemented to ease the price rise, i believe gone are the days where you can make 20 - 30% capital appreciation per annum. Not to mention that the latest RPGT does not factor in interest expense as your cost, even if you made 10%, minus off interest expense, legal fees/stamp duties and other administrative charges, i think probably you'll make less than 3%..

Wow.... Another searching MK prop....
Looks like MK has growing demand for local ppl....

ya MK should hv more locals...maybe expats move to places on the MRT line like EKC?

what is your budget? 1M? the situation in MK now is price is still going up due to new launches this is true for the <1M condos there (ie subsale ones). , But transaction volume has dropped a lot (i think from some of my data is 30% less transaction). So if you know stock market charting analysis, what does it mean when price up and volume down?

i suggest instead of izen or KDS, i think Palma better, if you don't mind old. Izen is next to highway, and KDS is on kiara 3 so sharing with segambut. if die die must choose izen or KDS, i go for izen , it's on top of mall.

This post has been edited by corleone74: Sep 25 2014, 11:38 AM

If you're looking at I-Zen and KDS, then your price range should be in the RM700k-900k range. In this price range there's actually very high demand and very limited supply.

Nowadays many young people like yourself are buying up all the <RM1m MK condos for own stay, so units available for sale/rental have become very limited.

You have to visit both condos to get a feel of the environment. Only then you will know which you prefer. Do note that I-Zen Kiara 1 maintenance is much higher vs KDS.

i've seen Palma.. i think i need to spend some more money on touching up on the units cause all of them are old. The Izen units i saw was all facing pool..not facing highway so it's still okay i think. Is it really that bad in Kiara 3? KDS is not at the end of segambut though. Just now i browse through iprop, some units at 1888 Kiara is also below 900K! Time to reconsider my choice.

Yup..spot on.. i'm looking for prop below 1M. if it's 1M i would go for landed already.

Close by to KDS and 1888 Kiara, Aston Kiara 3 (1598sqft) is selling only at 800K.. but maintenance fees is RM0.50!!!!!!!!!!!

anyway thanks for the advise!

go for ceriaan kiara.

no lah, not "that bad", just not so nice because of that road shared by segambut dalam. moreover it's my opinion only. in future the road will be upgrade. so maybe it is a good choice.

btw, some of the unit at the older condo is refurbished nicely. i saw one at pines very nicely renovated, looks modern. the facade outside, nothing can be done.

This post has been edited by corleone74: Sep 25 2014, 06:44 PM

Stay mont kiara good, got police patrol on the road, good environment. Price will not drop, do yourself homework, don't listen to fren only. They are just talking and is free

Aston Kiara 3 maintenance fee + sinking fund is RM0.44 psf inclusive sinking fund.

Above average, but partly because of the low density of only 160 units.

Sifu kochin,
Ceriaan Kiara any good ar..?

Been to couple of units again in Izen. A couple of points which i don't really like.

The down side of Izen are:
1. The ceiling is very low.
2. Mid floor units are very noisy with highway sound.
3. The layout is not very friendly (personal opinion)

The plus side of it are:
1. just beside a shopping mall
2. common area maintenance is alright
3. good rental (fetch at least 3.5K) - told by the agent.. need to double check.

My wife generally doenst like Izen.. she says the "feeling" is not right over there.

I on the other hand, feels that the place is a bit noisy. In the lobby, you can hear a lot of noise from highway. Don't think it is very pleasant.

Gonna go do field study about 1888 and KDS soon

Is it i-zen I ? The facilities and pool deck is on the mid floor and just next to highway, in fact, almost ON TOP of the highway. To me, it's no fun at all, I prefer peace and quiet . But it is going to be next to 3-4 retail and pedestrian malls in future (MK1, Plaza MK, arcoris, YNH 163). I was there recently and saw an agent bringing japanese tenant for viewing. i think rental should see decent demand, if you're buying for rental, that is. Note that in a few years time, iZen 1 smaller units (1&2 beds) will see competition from arcoris units.

This post has been edited by corleone74: Oct 7 2014, 11:51 AM

My opinion of Mont Kiara is that if you are rich and want a nice environment plus international schools for your kids then go for it. Mont Kiaras primary selling points are the international schools.

The second category of Mont Kiara purchasers are the upper middle income group looking for 700-900k props. Most likely you can't send your kids to Mont Kiara international school. Most likely you can't eat in Publika and shop in BIG everyday. You will have to travel to find cheap economy rice, groceries and to send your kids to Sekolah Kebangsaan.

If you belong to the 2nd category then purchasing Mont Kiara props just for face is a really bad idea. In terms of investment Mont K is not good due to the factors mentioned above.

When purchasing a home if you are still pinching pennies the house should be an investment as well. Since in future you can sell/refinance your house for further investments etc.

agree with u, actually many 2nd category just purchase mont kiara becoz just for face only...

mont kiara attraction is international school and the foreign expat community...mainly for high earners... u stay here, get ready to spent RM10 for a bowl of noodles at publika, sent your kids to int school, enjoy the grocery at BIG which sell higher price products...

Haha alot of alang alangs staying in Mont K for face. It's the category of people who buy Volkswagens, stay in Mont K but need to drive to Kepong to eat and shop when no one is looking.

I have so many peers like this haha. It's not a crime to want nice things but by taking shortcuts you are crippling your own future.

I take the long and hard path haha. But that's another story.