11 Mont Kiara @ MK11, Mont Kiara, RM 2,975,742

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Description

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11 Mont Kiara (also known as MK11) is a modern condominium within the sought-after Mont Kiara vicinity. Sunrise claimed that it will be an exclusive 6-star high-end residential development boasting both scale and grandeur. It is the first residential project in the country to be crowned Singapore’s Green Mark certification.

11 Mont Kiara comprises five 43-storey towers that sprawling over 6.7-acre site. There are a total of 339 units of condos housed within the entire 5 blocks, with only 2 units per floor. Each unit is served by four private lifts. There are few layouts available, from normal units, super-deluxe units, junior penthouses and penthouses, each range from 2,707 sf to 6,725 sf. It comes with 3 or 4 bedrooms.

The Gross Development Value (GDV) of 11 Mont Kiara is at RM800 million, and each unit was launched around RM720 psf with a maximum price of RM1.9 million. The development is launched in early 2008 and expected to be completed in 2011. Initial buyers are offered to pay only a fixed deposit and nothing else until 2013. Also, 5% discount is given for Bumiputra purchasers. The developer claimed that 70% of the units have been taken up during its soft launch, which the units are priced around RM726 psf.

Property Details
•Name: 11 Mont Kiara (also known as MK11)
•Address: Jalan Kiara 1, Mont Kiara, Kuala Lumpur
•Developer: Sunrise
•Completion Date: 2011
•Type: Condominium
•Tenure: Freehold
•No. of Blocks: 5
•No. of Storey: 43
•No. of Units: 339
•Land Area: 6.7 acres
•Built-up: 2,707 – 6,725 sf
•Launch Price: RM726 psf (few remaining units available at RM880 psf)

Layouts
•Type A: 2,707 sf
•Type A1: 3,169 sf
•Type B: 3,317 sf
•Type C: 3,729 sf

Facilities
•Reflexology path
•Woodland garden & jungle walk
•Water ponds
•Water feature
•Gymnasium
•Sauna
•Swimming pools
•Badminton court
•Squash court
•Tennis court
•Half basketball court
•Children’s playroom
•Wading pool
•Playground
•Tree house
•Barbecue terrace
•Poolside barbecue area
•Heated whirlpool
•Water-jet splash pool
•3 sky lounges & terrace

Analysis

The modern architecture of 11 Mont Kiara is a talk of the town – which Sunrise has designed a ‘floating’ boat-like deck that mounts its swimming pool and pavilion deck on its top, and a floating gymnasium on the lower level. Not only that, it has another swimming pool beneath it which makes the deck really looks like a boat. Also, it will be well-surrounded by lush landscaped greenery – just like other prominent Sunrise’s developments.

There are several factors that make 11 Mont Kiara labeled as a green building. One of them is its layout, which utilizes prevailing wind condition in order to achieve cross ventilation to maximize natural ventilation and lighting. Besides that, it also uses energy-efficient light equipments, as well as energy-efficient lifts. It is also integrated with a heat recovery system that recycles air conditioning heat. Other green features include green-labeled timber flooring varnish and the use of recyclable materials.

The price tag of 11 Mont Kiara is within the same price range of KLCC properties – which is very high. However, it is believed that MK11 will make it just like the rest of other Sunrise’s developments. But it will have hard time to escalate further as people will opt for KLCC properties.

Comparing MK11 to its successor, 28 Mont Kiara, it seems that MK11 has more potential to perform due to its strategic location along Jalan Kiara 1. Furthermore, it is also priced a bit lower than MK28.

Property Details

• QuikPro No:UP1214330
• Property Type:Condominium
• Tenure:Freehold 
• Built-Up:3,729 sq. ft.
• Asking PriceRM 2,975,742
• Asking Price psf :RM 798
• Bedrooms:4+1
• Bathrooms:6
• Unit type:Corner
• Occupancy:Vacant
• Date available:02/01/2012
• Posted Date:10/05/2012
• Facilities:Barbecue Area, Covered Parking, Gymnasium, Jacuzzi, Jogging Track, Playground, Sauna, Squash Court, Swimming Pool, Wading Pool, Tennis Court, 24hr Security

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