From the humble beginning of a rubber estate, Mont Kiara is now one of the most exclusive neighborhoods in Kuala Lumpur, Malaysia. Much of this transformation success could be attributed to the effort of Sunrise Berhad, one of the country top property developers. The developer has successfully popularized this enclave by pioneering several luxury condominiums and an international school, which ultimately attracted expatriates flocking to live here.
Over the years, investors have been flocking to buy properties in this enclave, to take opportunity on the growing expatriate tenants moving here. The prices and rentals have been steadily rising year after year. In addition, the lush tropical forest surrounding the enclave will give residents all year long summer, yet cozy and refreshing occasional rain pour amidst the bustling city of Kuala Lumpur. The only complaint is the bad traffic jam during school hours, due to cars stopping to drop off / pick up kids.
Mont Kiara has been coined as the “Beverly Hills of Kuala Lumpur”. Residential properties in Mont Kiara are highly sought after due to the prestigious postcode address. Not many local citizens can afford to own a home in this enclave. Houses and condominiums here are reserved for the privileged and high net worth individuals only.
Condominiums are among the most popular investment property in Mont Kiara. Most of them are built with comprehensive facilities, such as multiple swimming pools, a tennis court, a gym, a basketball court, and ample parking bays. Among the most popular condominiums are 10 Mont Kiara, Kiaramas Ayuria, Kiara Designer Suites, Tiffani Kiara, and VERVE Suites.
Furthermore, most investors here prefer projects by Sunrise Berhad, as the developer has built up very strong brand recognition over the years for delivering good quality finishing on time. Also, the developer has the most strategic land bank in Mont Kiara, which would almost guarantee good investment return. However, projects by the developer are usually sold out very fast, sometimes before it was even officially launched.
If you intend to retire in Malaysia, getting a property in Mont Kiara is also the best way to start with. The reason is Malaysia government has liberalized its law for foreigners purchasing local property, provided the price is RM500,000 (current exchange rate $1 to RM3.40) and above. Furthermore, via MM2H (Malaysia My Second Home) program, one can live in the country for indefinite time on a special Visa, provided you meet the guidelines.