Almaspuri is a freehold medium-end condominium residing in posh Mont Kiara neighborhood. It was developed and managed by reputable BT Homestead Group, who is also the same developer for Angkupuri in Mont Kiara and Anggun Puri in Segambut.
Almaspuri comprises two towers which consist of 132 units and each floor is only limited to four units making each a corner unit allowing residents to enjoy 180° views of the surrounding scenery.
There are several route options to get in and out of Almaspuri. Via NKVE, Penchala Link, Jalan Duta, Jalan Kuching and SPRINT highway, motorists can reach Kuala Lumpur city center, Petaling Jaya, Taman Tun Dr Ismail and Bangsar within minutes of driving. Even E1 Jalan Duta – Sg. Buloh highway is just about three hundred meters away from the entrance.
Motorists can reach Kuala Lumpur city center within 20 minutes and Damansara Heights within 10 minutes. In addition, residents can also find leisure in renowned Desa Sri Hartamas enclave, which is located just next to the neighborhood. There are plenty amenities and facilities residing nearby the area.
Almaspuri is within walking distance to Mont Kiara International School. Also, there are other international schools situated nearby, such as Garden International School and French International School. Plus, Plaza Mont Kiara and Solaris Mont Kiara are also within reach for residents to buy daily necessity or chat with friends and family.
For golf enthusiasts, one can hit the green at KGPA, KLGC, Tropicana Golf and Country Resort and Sri Selangor Golf Club which are not far from the area. Also, Bukit Kiara Equestrian Club offers good recreational activities for the whole family. Plus, you can also join Royal Selangor Club which its clubhouse is just located a few miles away.
From the outer look, one can notice that Almaspuri together with its twin brother Angkupuri, are both having average-Joe facade and being sandwiched between modern residential in the area. Even though both condominiums are less appealing, but their price tag seem not make too much difference from other Mont Kiara’s condominiums.
Some residents of Almaspuri claim that its management is quite lousy and pretty slow. But after all, the management seems capable to maintain the compound cleanliness as well as maintain its facilities provided. The management has to be given credits though, being able to get the property a fresh coat of paint in 2007. Take note that most expatriates knew that the best management in the area is Sunrise, thus they will always opt for Sunrise managed properties.
Living in Mont Kiara, one should expect some traffic congestion. The traffic congestion is worsened by numerous new developments in the vicinity. Even though there is a new access route connecting Mont Kiara to Jalan Duta that ease the traffic congestion, but the road does not seem capable to handle much more additional motorists as most of these developments are about to be completed soon.
Moreover, Mont Kiara is getting pack and hectic day by day. The place no longer offers the peaceful and privacy living as before. With all new developments scattered around the area, it is afraid that this once greenery residential area would become a concrete jungle in near future.
Historically, the selling price for Almaspuri has appreciated by about 3.18% per annum from the year of 2003 to 2006. But its rental has depreciated by about 6.04% per annum for the same period. Comparing it with other new and fancy residential in the area, it will answer the question of its low in demand.
Rental rate will continue to depreciate as tenants from Almaspuri are gradually moving to better residential, such as Kiara I, Mont Kiara Bayu, Mont Kiara Sophia, Mont Kiara Palma and Mont Kiara Astana for almost the same rental. The capital will seem to appreciate in smaller figure in the future due to lesser demand on a unit. In addition, most people said that Almaspuri is over-priced. Even Kiaraville was launched at RM400 psf, which is the same price as Almaspuri at the launch date.
Therefore, if you are thinking Almaspuri for own stay and sell it in the future, it would be worth the investment. But if specifically for investment purpose, perhaps you should move to other target. Due to loads of other new developments mushrooming in the vicinity, it is advisable to get your hand into newly developed properties as they offer better value than Almaspuri.
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