Mont Kiara Pelangi, Mont Kiara
Mont Kiara Pelangi is a freehold apartment located in Mont Kiara, Kuala Lumpur. There are 299 units available at this project with built-up from 1,208 sf to 3,600 sf. It was developed by UEM Sunrise Bhd (fka Sunrise) with a launch price at around RM300 psf, and was completed in about 1994.
UEM Sunrise Bhd (fka Sunrise) is a very big-sized real estate company listed on KLSE, and it has constructed around 59 real estate projects in Malaysia. Other similar projects by the same developer are 10 Mont Kiara, 11 Mont Kiara, 28 Mont Kiara, Imperia, Mont Kiara Bayu, Mont Kiara Meridin, Mont Kiara Pines, Residensi 22, Teega Suites and Verdi.
This apartment has many amenities nearby, for example hospitals, schools and universities. The following are some main hospitals here:
- Global Doctors Hospital
- Kiara Medical Centre
As for schools, there are Garden International School KL and Mont Kiara International School.
The current market prices for Mont Kiara Pelangi are from RM800,000 to RM1,550,000 (about RM630 psf); while the monthly rentals are from RM3,000 to RM3,800 (about RM2.92 psf). The highest median price psf ever recorded was RM667 psf in Q1 2016; while the lowest one was RM300 psf in Q1 1992.
The current rental yield of Mont Kiara Pelangi is around 5.7%, compared to 4.62% 2 years ago in Q4 2017. The highest rental yield ever recorded was 8.47% in Q3 2011; while the lowest one was 4.24% in Q1 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Mont Kiara Pelangi is 3-bedroom / 1,280 sf with a median price of RM630 psf. For price wise, the most expensive one is 3-bedroom / 1,208 sf with a median price of RM660 psf; while the cheapest one is 4-bedroom / 3,600 sf with a median price of RM430 psf.
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