Hartamas Shopping Centre by Nalin Costa has an international vibe.
If you’ve explored Kuala Lumpur’s property market, Mont Kiara has likely been on your radar
Contributed by Faizul Ridzuan
As a seasoned real estate entrepreneur, I’ve witnessed neighbourhoods rise and fall but Mont Kiara consistently stands out as a top performer. Its unique blend of international appeal, strategic location and promising returns make it a fascinating area to analyse and invest in.
Mont Kiara’s liquidity sets it apart, with over 900 transactions recorded in the past 2.5 years—far surpassing Desa Park City, KLCC and Bukit Bintang. This level of activity underscores its desirability and the confidence buyers and investors have in the area. Whether you are a first-time buyer or a seasoned investor, liquidity ensures competitiveness and long-term value.
The area’s robust infrastructure is a key factor in its success. Home to four international schools, Mont Kiara attracts families from across the globe, creating a vibrant, multicultural community. Expatriates working in KLCC or KL Sentral often choose Mont Kiara for its unmatched lifestyle, even if it means a longer commute.
Streets and property trends
Mont Kiara’s roads play a significant role in shaping property prices. Jalan Kiara, for instance, is the crown jewel of the area, featuring commercial landmarks like Plaza Mont Kiara and Sunway 163. Unsurprisingly, properties here command premium prices, with new developments consistently transacting above RM1,000 per square foot (psf).
On the other hand, Jalan Kiara 3 offers tremendous value, with newer developments priced below RM700 psf and older properties averaging RM550 psf. Dual-access properties, those with entrances on two roads such as Jalan Kiara and Jalan Kiara 4, enjoy higher rental yields and prices due to added convenience and connectivity.
The area offers a balance of older, spacious developments and newer, compact ones. Older properties, built before 2019, appeal to families seeking space, with median prices around RM1.05 million and an average psf of RM628. Meanwhile, newer developments cater to young professionals and small families, with median prices of RM875,000 and an average psf of RM929. This diversity ensures Mont Kiara remains accessible to a wide range of buyers.
High rental yields and growth potential
Mont Kiara is a haven for investors, offering competitive rental yields that rival even Kuala Lumpur’s most prestigious neighbourhoods. Newly developed properties yield an average of 5.24%, while older properties offer yields ranging from 5% to 5.42%.
What makes this even more impressive is that Mont Kiara’s rental rates are comparable to KLCC's, yet its property prices are approximately 20% lower. Over the past decade, newly completed properties here have consistently delivered better returns than areas like Bukit Bintang, TRX or KLCC.
A neighbourhood that balances lifestyle
Mont Kiara’s appeal extends beyond its numbers. It offers an unmatched lifestyle, blending convenience, luxury and community. The presence of four international schools attracts families from around the world, while its diverse population fosters a sense of belonging. Unlike other areas plagued by oversupply, Mont Kiara maintains steady demand with a balanced mix of property sizes and types.
Accessibility is another highlight, with dual-access developments and proximity to commercial hubs making daily life convenient for residents.
Opportunities and prospects
Mont Kiara’s future looks promising, with new developments and infrastructure projects set to elevate its status. The upcoming MRT3 line will enhance accessibility, particularly for properties priced below RM1 million in Mont Kiara, Hartamas, and Dutamas. The area is also being considered for Malaysia’s first international luxury retirement village, which could set new benchmarks for property values.
With ample Malay reserve land available, there is potential for affordable luxury condos catering to a niche market. Additionally, rumours of a new Sunway Mall have already stirred excitement, which, combined with existing commercial hubs, could solidify Mont Kiara as a premier lifestyle destination.
Mont Kiara isn’t just a place to live or invest—it’s a lifestyle choice. For those looking to capitalise on its potential, properties priced below RM630 psf offer an attractive entry point. As this vibrant neighbourhood continues to mature and grow, it’s clear that Mont Kiara remains one of Kuala Lumpur’s best-performing areas, offering opportunities for both families and investors alike.
Fairul Ridzuan is the founder and chief executive officer of Far Capital.
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