Kiara1888 Sells 75% in 2 Months
This was featured in our local newspapers yesterday.
Kiara 1888, the first development by Prisma Melody, has achieved 75% sales in just 2 months. This project has actually been open for booking for a long time since the mid of last year, but was finally launched early this year after the developers had obtained the necessary approvals to sell.
Having said that, 75% in such a short span of time is quite impressive. You can read our review of this condominium here.
According the report,
- The developers attributed their location between the two international schools in Mont’Kiara as one of the main factors in the good sales. Being near such established condominiums such as ‘Casa Kiara and Laman Suria’ also helped.
- The condo had good accessibility to major roads and highways, including the Duta-Ulu Klang Expressway (DUKE) that would provide speedier access to Sentul, Batu Caves and the Middle Ring Road II. However, they did not mention when this DUKE highway might be constructed;
- Another strong point that attracted the buyers was its unique concept and modern contemporary architecture;
- A budget of RM2.5mil has been allocated for landscaping to create a conducive living environment.
- Each unit will come with a minimum of two car-parking bays.
If you haven’t read our review of this place, you can do so here.
I think their low price played a major part in helping them sell their units. At RM300+psf, they are clearly much lower than all the other developments that are going for RM400+psf.
However, I still can get past the fact that people are will to part with so much money for a place that is literally next to the kampung. Renting it out to Expats might be a problem. Their location is actually one of their weak points which the developer obviously chose to hide that they are literally next to the village with a busy road used by heavy vehicles.
Comment by kiara watcher — May 19, 2006 @ 4:50 pm
the DUKE construction has begin and it’s in early stage.
Comment by sherrina — May 23, 2006 @ 11:58 pm
Kiara1888 was launched in Singapore last week, apparently good take up. What is the feel in Malaysia about this property? Still hot? The developer said the kampong area is temporary quarters belonged to sunrise.
Comment by lawrence — April 25, 2007 @ 11:36 pm
i think it’s almost sold out, and since it’s been more than a year since launching, the buzz is more to the newer projects. but i think the response was pretty good.
Comment by Administrator — April 26, 2007 @ 9:43 am