Luxury meets quality in Asia Quest Holdings’ serviced apartment called Gateway Kiaramas. Located in the “new” cluster of condominiums near the Kiaramas enclave, Gateway Residences aim to appeal to a young, urban demographic.
This freehold development is made up of residential and corporate units (a total of 168) — an eleven-storey tower for its corporate units, and a 30-storey tower for its residential units. Built-up areas for the condominium’s residential units start with a measurement of 743 square feet, and its largest units measure at 3,563 square feet.
For a quick guide on how to estimate this property’s fair market value, click here to get our exclusive GoodPlace.my guide.
Gateway Kiaramas’ average asking prices for units have been consistently increasing within the last few years. Last April, its average (asking) price was around peaked at about RM700 per square feet, and went on a slight upward trajectory. Launch price was around RM450-500 PSF, with unit prices ranging from around RM350,000 up to RM1.8 million. Gateway seems to be priced at a slightly higher level than the regular off-the-mill Mont Kiara condominium, but still less than VERVE which is incidentally a stone throw’s away down the road.
Asking prices for Mont Kiara units have been on an upward trend since the start of the year – perhaps the clearest indication that the expatriates are heading back here. 🙂
The condominium is equipped with a multi-tiered security system that ensures safety 24/7 for its residents. There is also a sky lounge that is perfect for social gatherings and simple hang-outs for residents and guests. An aquascape garden is built to invite relaxation and serenity into the condominium. Toddlers can be active all day long in the condominium’s children’s playground. A well-equipped fitness centre is provided exclusively to residents, as well as a hot water spa, sauna, and a lap pool.
About The Developer
Asia Quest is perhaps best known for its development of Kiaramas, the “extension” of the Mont Kiara area. It has been in the real estate industry for some time now (having established since 1991), and it has successfully built its reputation as one of the premier developers of upmarket condominiums in Malaysia. Asia Quest is the developer behind the Kiaramas properties in the Mont Kiara enclave – Vista Kiara, Lanai Kiara, Kiaramas Sutera, and Kiaramas Cendana.
Mont Kiara – A Primer
Mont Kiara is a posh and a high-end area that is filled with both affluent local and expatriates. Amenities and attractions are by the handful, and residents of Gateway Kiaramas can definitely enjoy the perks of living in an area where everything is within reach.
Malls, schools, cafes, restaurants, and business centres line up the Mont Kiara vicinity. Hartamas Shopping Centre, Plaza Mont Kiara, Bangsar Village, and Bangsar Shopping Centre are all nearby and within driving distance from the condominium. Mont Kiara Business Centre is also within distance. Schools that are close to Gateway Kiaramas include French International School, SMK Sri Hartamas, and Garden International School. Sports enthusiasts can get their fill from nearby sports complexes which include Bukit Kiara Equestrian Club and Kuala Lumpur Golf and Country Club. The nearest hospital to the condominium would be Pantai Medical Centre.
Mont Kiara can be easily accessed, thanks to the many major roads and highways connecting it to the many destinations in Kuala Lumpur. Going to the city centre is convenient and quick and will only take 20 minutes. Residents can use their private transport and take the SPRINT Highway or Penchala Link near the Mont Kiara enclave. Another major highway near the condominium is the North-South Highway that may be accessed via Jalan Duta or Jalan Sri Hartamas.
We’ve always been fans of Mont Kiara, and when prices tapered post 2008 we thought that there were bargains to be had. The east side of Mont Kiara has seen rapid development due to the expansion of the Kiaramas area, and it’s just a matter of time before more condominiums get built in this portion of Mont Kiara.
Gateway’s “Walk To Work” proposition is unique and relevant perhaps to a growing niche in the urban population of the Klang Valley. The mushrooming of SOHO properties as part of a mixed development (Setiawalk in Puchong, Empire Gallery in Subang Jaya) or standalone (Binjai 8 in the KLCC enclave) is perhaps the best indicator of the trends to come. Now with the ever-present traffic jam problem which plagues Mont Kiara (and elsewhere) we can truly see an emerging need for the “pairing” residential and small offices. Gateway’s the first to embrace this concept in Mont Kiara, and it may prove to be a wise decision down the road.