DONE DEAL: Seni Mont Kiara, Mont Kiara by Kevin Teh

Jointly developed by Ireka Group via Aseana Properties Ltd and CapitaLand Finance from Singapore, SENI Mont Kiara is a luxury condominium project located in the affluent Mont’Kiara neighbourhood, Kuala Lumpur.

The condominium comprises two 40-storey towers and two 12-storey low-rise blocks housing 605 units in total.

ILP Realty real estate agent Kevin Teh said the foreigner landlord was looking for a new tenant for this unit after the previous tenant had moved out. He understood the current challenging market condition and was willing to offer a special rate to attract quality tenants.

Meanwhile, the tenant liked the unit for it being a high-floor unit that has unobstructed view across the KL skyline. He was also given the option to rent the unit with brand new furnishings, which would be included in the rent.

He opined that it was a good deal as the tenant was happy with the new furnishings and the owner was happy with the tenant profile.

According to EdgeProp Research, 10 units in SENI Mont Kiara were transacted in 2020 at an average price of RM2.35 million or RM793 psf. Meanwhile, 33 transactions were recorded in 2019 with an average price of RM2.38 million or RM776 psf.

As at Feb 2021, there were 56 units of SENI Mont Kiara listed for sale in EdgeProp.my at an average asking price of RM2.42 million or RM823 psf. At the same time, 67 units were looking for tenants at an average asking monthly rental of RM8,698 or RM3.52 psf.

 

[SOURCE: https://www.edgeprop.my//content/1809128/done-deal-condominium-seni-mont-kiara-montkiara-kuala-lumpur ]