28 Mont Kiara (also known as MK28 or Mont Kiara Aria) is a new and modern condominium development sited in the exclusive neighborhood of Mont Kiara. It is located right next to Mont Kiara Banyan. The project follows CONQUAS (Construction Quality Assessment) and Green Mark Index Assessment development standards.
28 Mont Kiara comprises two 40-storey towers that house a total of 460 units on a 5.81-acre of freehold land. These units come in built-up sizes ranging from 2,535 sf to 2,700 sf for 3+1 bedrooms and 5 bathrooms units, and 3,000 sf for 4+1 bedrooms and 5 bathrooms units. Also, there are 6 penthouses with built-up sizes range from 5,790 sf to 6,465 sf.
Each unit at 28 Mont Kiara comes with air-conditioning units in all bedrooms (except the maidâ€™s room), living area and dining area; fully fitted kitchen with induction hob, oven, hood, fridge; washing machine and dryer at the yard; and 3 and 5 car park bays for standard units and penthouses respectively. Maintenance fee is charged at RM0.20 psf
28 Mont Kiara was initially launched in mid-2008 and then officially launched at 15th December 2009 for local market. Its initial launches were made in foreign countries including Hong Kong, Korea and Beijing.
Initial buyers can opt to pay just 10% upon signing of SPA and remaining 90% on loan with the option to start repayment after 5 years time (interest payments during construction and additional 2 years upon vacant possession will be absorbed by the developer). Foreigners are offered 20:80 Financing Scheme. Buyers also do not need to pay for legal fees and stamp duty.
Priced at RM750 psf, 28 Mont Kiara can still sell well is because of it is from Sunrise. As an example, 10 Mont Kiara which was launched at RM500 psf, has already touched RM700 psf nowadays right upon completion. Due to the high level of investor’s confidence towards Sunrise brand, there is no doubt that 28 Mont Kiara can repeat the same success of 10 Mont Kiara.
However, due to the high number of supplies in the enclave right now, 28 Mont Kiara might not seem to perform well in the long run. Most new and modern condominiums are currently priced at RM650 psf; hence, buyers will be spoiled by choice as there would be plenty nice residences to choose from in 2013 within Mont Kiara.