The gross development value (GDV) of Kiara 163 is reported to be at RM875 billion. It is supposed to be launched in December 2008, but postponed, and now it is reported to be launched by end of 2010.
Kiara 163 comprises a retail podium with food and beverage outlets, a 2,500 seat auditorium, a 23-storey office tower and two 42-storey blocks of serviced apartments. The serviced apartments will be managed by Swiss-BelHotel Hotels.
Its retail store will occupy 3 floors (including a basement floor) out of the 7-storey podium, and will become a new neighborhood shopping mall to cater everyday’s needs with food outlets, a supermarket, specialty stores and service providers. The remaining 4 floors are for the auditorium for concerts, performances, conferences and meetings.
As for the serviced apartment at Kiara 163, there are a total of 584 units within the two 42-storey towers. Tower A comprises of only 202 units of apartments and penthouses with bigger built-up than Tower B that consists of 382 units.
The facilities at Kiara 163 for the residents include a swimming pool, Jacuzzi, glass-walled gym surrounded by water, squash court with garden setting and an entertainment pavilion. There are also 6-storey multi-storey car park, 4-storey basement car park and 1-storey basic facilities.
With One Mont Kiara is nearing completion, YNH will really have a tough time to sell its development here, because these two developments are almost identical. In terms of workmanship and quality, One Mont Kiara is a sure winner since it is developed by more reputable boutique developer Ireka, which is well known for its fashionable i-Zen development series.
Kiara 163 is strategically located at the ‘entrance’ of Mont Kiara, making it strategic for retail and business. However, due to extreme developments within the vicinity, Mont Kiara is now becoming a concrete jungle with a very congested population. It also causes bad traffic jams around the area during peak hours.