Malaysia’s Largest Database on Independent Property Reviews * Mount Kiara has been carved in the Segambut area, which was then considered a low-cost residential area in Kuala Lumpur. From the beginning, Mount Kiara has been developed to target the superior market – people who would live in places like Bangsar, Damansara Heights and Sri Hartamas. This was a challenge initially as Segambut Dalam was filled with squatters with lands inherited by farmers’ generations. It is not surprising that there is an important gap between real estate prices in Segambut Dalam and Mount Kiara. Despite its proximity to the city (in fact it is only 15 minutes from the Kuala Lumpur epicenter – the KLCC), Mount Kiara retains its suburban or residential charm. Quiet and serene, it is well known as a very accessible and liveable area with a touch of luxury. It also boasts excellent connectivity with good access to the many nearby Bukit Kiara recreation sites – famous for being one of the green lungs of the city of Kuala Lumpur.
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Sky view of two of the many condominiums of Mount Kiara, with some (rather uncommon) landed properties in the area. Sky view of two of the many condominiums of Mount Kiara, with some (rather uncommon) landed properties in the area. To meet the needs of these expatriate families, there is a rather disproportionate number of international schools at Mount Kiara (and some in the Sri Hartamas area). Some of them are: – Sekolah Rendah Agama Segambut Dalam (a religious school) is also nearby in the Segambut Dalam area – at a mere stone of most Mount Kiara condominiums. Property prices around the area of Mount Kiara have fluctuated over the last few years. There is a lower demand in the Segambut Dalam area (and this includes Dutamas), with demand becoming stronger or weaker periodically. The location of the development is important as well as the brand name. It is obvious that developments which bear the name of Kiara could in general command better prices (Changkat Kiara, for example, is to Segambut despite its name). As the area of Mount Kiara is short of land for new developments, we hope There will be a natural progression in the new upscale developments in the Segambut Dalam area. However, there is still enough room for new developments outside Mount Kiara, which will surely occupy the developers at least for the next 6-8 years. Despite the perception of glout in the Mount Kiara region, we believe that there are good investment opportunities – given the huge dispersion of prices demanded. If you are looking to buy property in Mont Kiara look no further as we have a professional team to serve you. Call us for inspection now