Is buying a property in Mont Kiara a good investment?

Last updated on December 20, 2023

Yes, the analysis of Kuala Lumpur's property market is included in our pack

If you've embraced the upscale living and international community of Mont Kiara, you may have considered making this cosmopolitan Kuala Lumpur neighborhood your elegant and sophisticated residence.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Malaysia, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Mont Kiara?

Mont Kiara, a suburb in Kuala Lumpur, has become a sought-after location for property buyers, and there are several reasons for its appeal.

To begin with, Mont Kiara offers a unique blend of upscale living and convenience that is hard to find in other areas. This district stands out for its modern infrastructure, which includes high-end condominiums, international schools, and a variety of shopping and dining options.

This combination of amenities is not as commonly found in other parts of Kuala Lumpur, making Mont Kiara particularly attractive to those seeking a cosmopolitan lifestyle.

One of the key factors that contributed to the popularity of Mont Kiara is its development history. It began to gain attention in the late 1990s and early 2000s as developers started to focus on creating a self-contained, upscale community. This vision appealed to a specific demographic, mainly affluent locals and expatriates.

The area's development was carefully planned to include international schools, which are a big draw for expatriate families. Over the years, this focus on quality and exclusivity has helped Mont Kiara maintain its appeal.

However, whether Mont Kiara will continue to hold its hype is a topic of some debate. Real estate markets are subject to fluctuations, and areas like Mont Kiara, which have already seen significant development, might not experience the same rapid growth as emerging neighborhoods.

Yet, its established reputation and ongoing development projects suggest that it will remain a desirable location for the foreseeable future.

The kind of people attracted to Mont Kiara are diverse, but they share common interests. These are typically individuals and families looking for a blend of luxury, convenience, and international lifestyle. The presence of international schools makes it particularly appealing to expatriate families.

Additionally, professionals who desire a high standard of living and proximity to the city center are also drawn to this area.

Despite its many strengths, Mont Kiara does have some weaknesses. One notable issue is the traffic congestion, especially during peak hours, which can be a significant inconvenience for residents.

Additionally, the cost of living in Mont Kiara is relatively high compared to other parts of Kuala Lumpur, which can be a deterrent for some potential buyers.

Furthermore, the area might not offer the same cultural and local experience that one might find in other, more traditional parts of the city.

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Why is Mont Kiara a nice place to live?

Mont Kiara is often considered a great place to live, and there are several aspects that contribute to this perception; let's dive into what makes this area so appealing.

The lifestyle and culture in Mont Kiara are quite cosmopolitan and upscale. It's a melting pot of different cultures, largely because of a significant expatriate community. This diversity has created a unique environment where various cultural influences are evident in the cuisine, festivals, and daily social interactions.

The area is known for its modern and westernized outlook, which appeals especially to expats and locals who enjoy an international lifestyle.

Speaking of the expat community, it's one of the most vibrant in Kuala Lumpur. Mont Kiara is home to many expatriates from around the world, and this has fostered a supportive and dynamic community.

There are numerous expat clubs and associations, making it easy for newcomers to integrate and find a sense of belonging.

When it comes to cost, living in Mont Kiara is generally considered more expensive than in other parts of Kuala Lumpur. The area is known for its high-end condominiums and houses.

The cost of everyday items, dining out, and entertainment can also be higher here, reflecting the upscale nature of the neighborhood.

Safety is a key consideration for many when choosing a place to live, and Mont Kiara is perceived as relatively safe. The area is well-patrolled, and many residential buildings have their own security measures.

However, like any urban area, it's always wise to be cautious and aware of your surroundings.

The amenities and facilities in Mont Kiara are top-notch. For education, there are reputable international schools such as Mont Kiara International School and Garden International School, which cater to the expat community.

In terms of healthcare, Global Doctors Hospital is a notable facility in the area. For shopping and leisure, you have places like 1 Mont Kiara Mall, Plaza Mont Kiara, and Solaris Mont Kiara, offering a range of shopping, dining, and entertainment options.

Infrastructure quality in Mont Kiara is generally very good. Roads are well-maintained, and the area is known for its modern buildings and well-landscaped public spaces. Utilities and internet connectivity are also reliable, catering to the needs of both residents and businesses.

In terms of accessibility, Mont Kiara is quite well connected to other parts of Kuala Lumpur. It's located near major highways like the Sprint Expressway and DUKE Highway, making it relatively easy to travel to and from different parts of the city. It's worth noting that traffic can be heavy during peak hours.

Public transportation options, while available, are not as extensive as in some other parts of the city. There are buses and taxis, and the nearest MRT (Mass Rapid Transit) and LRT (Light Rail Transit) stations are a short drive away. Many residents prefer using their own vehicles or ride-hailing services for convenience.

How much does it cost to buy real estate in Mont Kiara?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Malaysia.

Buying a property in Mont Kiara involves various factors, including the type of property, current market trends, and future developments.

In Mont Kiara, you'll find a range of residential properties, including apartments, condominiums, luxury villas, and a few landed houses. The area is particularly known for its high-end condominiums, which offer a range of amenities like swimming pools, gyms, and security services.

These types of properties are in high demand, primarily because they cater to the lifestyle preferences of both affluent locals and the expatriate community.

When it comes to the property market in Mont Kiara, there's a mix of both new developments and resale properties. New developments are often sought after because they come with the latest amenities and design styles, while resale properties can offer better value and quicker occupancy.

The price range for properties in Mont Kiara varies widely depending on the type and size of the property. Prices per square meter could range anywhere from MYR 7,000 to MYR 12,000 or more, depending on factors like location within Mont Kiara, the age of the property, the developer, and the specific amenities offered. It's important to note that these prices are subject to change based on market conditions.

Over recent years, property values in Mont Kiara have shown a steady trend. The area has consistently been popular among expatriates and affluent locals, which has helped to maintain its property values.

However, like any property market, values can fluctuate based on broader economic conditions and local demand.

Regarding future developments and city planning, any major projects in or near Mont Kiara could potentially impact property values. New infrastructure developments, like improved transportation links or commercial complexes, can increase the desirability of the area, potentially driving up property prices.

As for specific upcoming developments, it would be wise to keep an eye on announcements from local authorities or major property developers.

Predictions for the real estate market in Mont Kiara in the coming years tend to be optimistic, given the area's continued popularity and development.

Factors that could indicate a potential increase in value include ongoing demand from expatriates and high-income earners, further improvements in infrastructure, and the introduction of new, high-end residential projects.

Where is the best area to buy a property in Mont Kiara?

Choosing the best area to buy a property in Mont Kiara depends on various factors including your lifestyle preferences, budget, and long-term investment goals.

Mont Kiara is a diverse area, with different parts offering distinct atmospheres, property types, and price ranges.

Firstly, the central parts of Mont Kiara, near the Mont Kiara International School and 1 Mont Kiara Mall, are often preferred due to their convenience and accessibility. This area is bustling with activities, offering a lively urban atmosphere.

Properties here are predominantly high-rise condominiums and apartments, known for their modern amenities and facilities. Due to the prime location, the prices in this central area tend to be on the higher side, but they also offer the advantage of being close to schools, shopping centers, and dining options.

On the other hand, the outskirts of Mont Kiara present a slightly different picture. These areas are generally quieter and offer more spacious properties, including larger apartments and some landed houses.

While these areas might be a bit further from the commercial hubs, they provide a more relaxed environment and are often preferred by families. The prices here can be more varied, potentially offering better value for money, especially for larger properties.

In terms of up-and-coming areas within Mont Kiara, real estate investors and buyers should keep an eye on newer developments that are sprouting on the fringes of the neighborhood.

These areas, while currently less developed, could be potential hotspots in the future as more amenities and infrastructures are built. They might offer more attractive prices now, with the potential for appreciation as the area develops.

For those looking to invest or reside in Mont Kiara, central locations like Jalan Kiara are worth considering for their proximity to amenities and vibrant lifestyle.

On the other hand, areas like Kiaramas and Segambut Dalam, which are a bit more removed from the heart of Mont Kiara, can be considered for those seeking quieter surroundings and potentially more attractive pricing.

However, certain areas in Mont Kiara might not be advisable for everyone. Areas that are too close to busy highways or industrial zones might not offer the same level of tranquility or clean air quality as more residential parts.

Additionally, properties in areas that are already densely populated and have seen a lot of recent development might not offer the same potential for appreciation in property value.

Ultimately, the best area to buy a property in Mont Kiara largely depends on individual preferences and priorities. Whether it's the bustling heart of the neighborhood or the quieter fringes, Mont Kiara offers a range of options to suit different needs and lifestyles.

It's crucial to consider both the current lifestyle benefits and the future investment potential of the property before making a decision.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Malaysia.

Area	Atmosphere	Property Types	Prices	Advisability
Central Mont Kiara	Lively urban atmosphere	High-rise condominiums and apartments	Higher range	Good for convenience and accessibility
Outskirts of Mont Kiara	Quieter, more relaxed	Larger apartments, some landed houses	More varied, potentially better value	Preferred by families seeking tranquility
Emerging areas (fringes)	Developing, potential future hotspots	Newer developments	More attractive, potential for appreciation	Good for long-term investment
Jalan Kiara	Vibrant, central	Varied, mostly modern apartments	Generally high	Ideal for urban lifestyle enthusiasts
Kiaramas, Segambut Dalam	More removed, peaceful	Spacious properties, diverse options	Varied, often more affordable	Suitable for those seeking quietude
Near highways/industrial zones	Less tranquil, potential pollution	Varied	Depends on exact location	Less advisable due to environment

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Is there a strong rental demand in Mont Kiara?

Mont Kiara is known for its strong rental demand, and understanding the nature of this demand is key for potential property investors or landlords.

In terms of rental duration, Mont Kiara experiences a mix of both short-term and long-term rental demand. However, the area tends to attract more long-term tenants.

This is primarily due to the presence of international schools and multinational corporations in and around the area, which bring in expatriate families and professionals who often seek stable, long-term housing.

The target demographic for rental properties in Mont Kiara is quite diverse but can be specifically profiled. Expatriates are a significant portion of the tenant pool, including professionals working in Kuala Lumpur, families with children attending international schools, and diplomats.

Additionally, well-to-do locals, often young professionals or small families who appreciate the upscale lifestyle Mont Kiara offers, also form a substantial part of the potential tenant base.

These potential tenants usually look for specific types of properties. High-end condominiums and serviced apartments are particularly popular, as they offer security, convenience, and a range of amenities. Properties that are spacious, modern, and well-maintained, preferably with 2-3 bedrooms, are often in high demand.

Additionally, units with good views, such as those overlooking the KL skyline or green spaces, are highly sought after.

In Mont Kiara, areas near international schools, like Mont Kiara International School and Garden International School, are particularly popular for rentals. Properties in central locations near shopping centers like 1 Mont Kiara and Solaris Mont Kiara also see high demand due to their convenience and access to amenities.

Speaking of amenities, certain features can significantly reduce vacancy rates. Facilities like swimming pools, gyms, children's playgrounds, and comprehensive security systems are almost expected in high-end rental properties in Mont Kiara.

These amenities not only attract tenants but also contribute to their quality of life, making them more likely to stay longer.

In terms of returns on investment, properties in Mont Kiara can be quite lucrative, although the exact figures vary. Generally, investors can expect a rental yield of around 4-6%, depending on the property type, location, and condition.

It's important to note that well-maintained properties in prime locations with desirable amenities tend to fetch higher rents and, consequently, higher yields.

Looking at trends, certain types of properties in Mont Kiara are gaining more demand. Serviced apartments and condominiums with smart home features, sustainable or green building elements, and those offering unique lifestyle concepts are becoming increasingly popular.

These properties not only cater to the current market demand but are also likely to remain in demand in the future, potentially offering better yields.

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Is it easy to buy a property as foreigner in Mont Kiara?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Malaysia.

Buying property as a foreigner in Mont Kiara, Kuala Lumpur, is relatively straightforward, but there are specific regulations and considerations to be aware of.

Firstly, foreign buyers in Malaysia are subject to certain restrictions. One key regulation is the minimum purchase price set for foreign buyers, which varies by state.

In Kuala Lumpur, this minimum is typically higher than in other areas, often around MYR 1 million or more. This means that as a foreigner, you can only purchase properties that meet or exceed this price threshold.

Additionally, certain types of properties, like Malay Reserved Land and properties allocated to Bumiputera (indigenous Malaysians), are off-limits to foreign buyers.

The purchasing process in Mont Kiara for foreigners generally follows these steps; identifying a suitable property, negotiating the price, signing a Letter of Offer/Acceptance and paying a deposit, hiring a lawyer to handle the Sale and Purchase Agreement (SPA), and then completing the transfer of property and payment. This process is similar to that experienced by local buyers.

When investing in property in Mont Kiara, one of the primary risks includes market fluctuations, which can affect property values and rental yields.

Additionally, as with any property investment, there is always a risk of unexpected maintenance costs or issues with tenants.

There are several common pitfalls or mistakes that foreigners can make when buying property in Malaysia. One unique aspect is the complexity of Malaysian property law, which can be challenging to navigate without proper guidance.

Another common mistake is not thoroughly researching the property market or specific area, leading to overpaying or investing in a less desirable location.

Working with a local real estate agent or lawyer is highly important in Malaysia. They can provide invaluable insight into the local market, help navigate the legal and regulatory framework, and ensure that all transactions comply with Malaysian law.

They can also assist in negotiating the best possible terms and in understanding the finer details of the Sale and Purchase Agreement.

Common exit strategies for property investors in Mont Kiara include selling the property for capital appreciation or holding onto the property and earning rental income.

The choice of strategy should be based on market conditions, personal financial goals, and investment timelines. It's important to have a clear exit strategy in mind before investing, as this can influence the type of property you buy and your management approach.