Is Mont Kiara 28 a good buy at 600psf?

DO you really think so the over supply can be clear up within this 2 years?

How about MK 10? MK 11 will be on market next year, Kiaramas Danai?, Kiara 9? Lumina Kiara? Vivaldi? Palazio? All are big size properties...

All the above properties is not under your consideration?

RM 600psf is fair price on Mont Kiara Market... However...

Big unit like RM 2000 sf and above.... is over over supply...

Try to search the information for the above properties I Mentioned...

When you want to stay, or investment... try to think about your holding cost... Example, the maintenance fees... 3500sf x 0.35cents = RM 1225...
You stay or not staying also need to pay this amount..

Because of this holding cost... Hence all the properties mentioned above cannot rent cheap...

How many In Malaysia can afford?

Many investors think that expats can afford... They are truly CORRECT..

But do you think that expats are stupid and will not calculate the price? And do you think that expats come to Malaysia will not save more money for their family? Do you think expats come to work in Malaysia and will spend all their pocket money to rent a super luxury condo for just 1 year?

While there are alot of option on market such as Ampang, KLCC, Desa Parkcity, Bangsar and (Taman Desa... which is far cheaper then all the above mentioned property)

So... Market is out of control... I cant understand why so many people still buy those properties... Maybe they are too rich and no place to keep their money... Maybe... I just really dont know their point of view...

All above are just my 2 cents view... Own Opinion... NO Harm to any party...

Just think twice...

Good Luck

Is it tagged at RM600 psf? Wow, it was over RM700 psf (about Rm750) when it was hyped few years back.

But still, I will pass.

Mya, what ymchan refer to is,

After reduction probably...

2 years installment is absorbed by developer...

Interested free upon completion and so on...

hi Mya, yes the posted rate is still high but there's a 10% discount going on now, with a further 200K discount voucher, no legal fees etc etc hence the final sum works out to around 500+ psf.

hi Frederick Low, appreciate your honest reply. :-) do you have good recommendations on properties in Bangsar and KLCC?

Hi, Ymchan, For investment or own stay?

hi Fredrick, for investment mainly.

hi guys. i just went to MK28. noticed that after discount the prices are between rm 630-680psf after discount. which unit were <rm 600? were those facing west?

if you think 600psf is expensive then have a look at icon residence from mah sing, it is easily price at 1k psf and is not even in the centre of mont kiara but quite near to MK28. My personal point of view is that mont kiara is still a good place where every expats and MALAYSIAN are sorting out not. Don't listen to speculation that it is over supply because by the time the KL metropolis is being built, you will never see mont kiara psf price at 600 any.

Something still quite puzzled me, if icon residence can sell at 1k, I think MK28 can fetch even higher price psft in the mid term, look at it how near it is to the international school and the fitting, quality and everything is of 5 stars.