The Mont’Kiara property market continues to show strong momentum, with a recent high-value transaction highlighting investor confidence in the area. A condominium unit along Jalan Kiara changed hands for RM3.5 million, demonstrating the sustained appeal of this prime location. Meanwhile, commercial spaces remain in demand, evidenced by a Wisma Bangsar 8 office leasing for RM12,000 monthly in Bangsar’s bustling business district.
Market trends reveal steady price appreciation, with average transacted values climbing 6.67% year-over-year to RM1.6 million in 2024. The Residensi 22 neighborhood, spanning 178.27 acres, accounts for nearly 11% of Mont’Kiara’s non-landed property landscape. Industry experts attribute this growth to the area’s strategic location and promising investment returns.
According to Tony Ong of Reapfield Properties, the Jalan Kiara condo attracted immediate interest due to its long-term appreciation potential. The swift three-day sale reflects current market dynamics, where well-positioned properties command premium prices. With 18 active listings at Residensi 22, average asking prices hover around RM2.96 million, while rental units average RM10,388 monthly.
For prospective buyers and renters, digital tools like the EdgeProp Malaysia App streamline property searches with tailored options. As demand persists in key Kuala Lumpur enclaves, Mont’Kiara and Bangsar remain focal points for investors seeking quality real estate opportunities.