Gateway Kiaramas, Mont Kiara

Gateway Kiaramas is a serviced apartment nestled within the Mont Kiara area. It is developed by Asia Quest Holdings, the same developer for all Kiaramases residential in the enclave. This freehold development is expected to be completed by January 2010.

This 30-storey condo comprises of a total of 168 residential units. Gateway Kiaramas is a mixed development, which also has a total of 168 office suites on an 11-storey corporate tower. The residential units have built-up areas ranging between 743 sf and 3,563 sf.

Gateway Kiaramas is located exactly beside the Sprint Highway (Penchala Link) within the Mont Kiara enclave, and bordering Sri Hartamas. This new high rise development is easily accessible via major road networks namely the Sprint Highway (Penchala Link), North-South Highway (via Jalan Duta), Jalan Sri Hartamas 1 and Jalan Duta.

Gateway Kiaramas is within easy reach to shopping malls, schools, cafe© and restaurants, business centers and many others. The nearby amenities include Mont Kiara Business Center, Hartamas Shopping Center, Plaza Mont Kiara, Bangsar Village, Bangsar Shopping Center, SMK Sri Hartamas, French International School, Garden International School, Bukit Kiara Equestrian Club, Pantai Medical Centre, and Kuala Lumpur Golf and Country Club.

Property Details

• Name: Gateway Kiaramas
• Address: Mont Kiara, Kuala Lumpur
• Developer: Asia Quest Holdings
• Completion Date: January 2010 (estimate)
• Type: Condominium, Office
• Tenure: Freehold
• No. of Units:
  • Condominium: 168
  • Office: 168
• No. of Storey:
  • Condominium: 30
  • Office: 11
• Built-up: 743 sf to 3,563 sf
• Maintenance Fee: RM0.25 psf
• Launch Price: Between RM328,200 to RM1.84 mil

Facilities

• Multi-tiered security system
• Sky lounge
• Fitness centre
• Aquascape garden
• Sauna
• Hot water spa
• Lap pool
• Children’s playground

 

Analysis

Gateway Kiaramas was developed by Asia Quest Holdings, which is one of the well-known property developers within the Mont Kiara area. The developer of Gateway Kiaramas has had many proven track record of successful projects. Having successfully completed other developments such as Kiaramas Cendana, Kiaramas Sutera, Lanai Kiara and Vista Kiara, the developer’s good reputation in the local property market has truly demonstrated its credibility.

While traveling along the Sprint Highway (Penchala Link), it is totally impossible to miss out on Gateway Kiaramas, as it is located just right beside the highway. It definitely has an advantage, as it is easily accessible via the highway. However, as one looks at the privacy and exclusivity factors, the close proximity to the highway may be a drawback. Even though the units at Gateway Kiaramas do not directly face the highway and in fact face the opposite direction, the building is still considered to be too close to the highway.

Furthermore, property owners of Gateway Kiaramas are also expected to endure unpleasant noise pollution and dust. Apart from that, construction progresses from nearby new developments would further worsen the condition. Traffic congestion is also another daily issue as the expressway is well known for heavy traffic flow. The traffic issue is further aggravated by the area’s density as there would be more vehicles on the road within the area.

When one talks about Mont Kiara and Sri Hartamas areas, they are thought to be similar to “pots of gold”, as places like these are often highly sought after due to its high capital appreciation, as well as promising rental returns. However, as more and more new developments mushroomed at Mont Kiara, one should take note that this area has become very crowded with many high rise condominiums. Each of these condos is well planned and may not be densely populated but on the whole, it is the number of condominiums in the area that has contributed to the overall population.

Apart from that, potential property buyers are also reminded about the close proximity between Gateway Kiaramas and high tension power lines. When one drives around the area, one would notice the presence of the power lines running near to Gateway Kiaramas. However, the site has been declared safe by the relevant Malaysian governing body in regards to the radiation with a safety report issued.

Pricing wise, being located at an affluent area does indeed affect the market price of Gateway Kiaramas. Similar to other nearby developments, this condo falls in the range of medium to luxury residential development, with the maximum price set at RM1.84 mil. As the Mont Kiara vicinity fetches a high value, property owners are expected to enjoy approximately 20% of capital appreciation upon completion.