Agile, Mont' Kiara

Review

Anjali Kassim Chan
⋅
27 August 2021

Agile Mont’ Kiara is a high-end residential project by one of the leading property developers in China called Agile Property Holdings.

Agile Mont’Kiara is a 70:30 joint-venture project between Agile Real Estate Development Sdn Bhd and PJ Development Holdings Bhd, a listed company on the Main Board of Bursa Malaysia (Malaysian Stock Exchange).

Agile Property Holdings Ltd is the holding company of Agile Real Estate Development Sdn Bhd, and through this company, the Chinese developer bought the 10-acre land from PJ Development Holdings Bhd (PJD) in early 2014 for about RM200 million. Agile Property Holdings has been listed on the Main Board of the Hong Kong Stock Exchange since 2005.

Agile Mont’Kiara is the first international project by Agile Property Holdings, and the development has a gross development value (GDV) of RM1.4 billion.

It was launched in January 2016, and was scheduled to be completed in 2019. However, the nationwide MCO had halted most construction activities, leading to the delay of completion of projects such as Agile Mont’ Kiara (813 units), Arte Mont’ Kiara (1,707 units), and TWY Mont’ Kiara (484 units), to the second half 2020.

Agile Mont’ Kiara, a freehold condominium project located off Jalan Duta Kiara on some 10-acre site that offers 813 units spread over 11 blocks of low, medium and high rise buildings.

It has a gross development value of RM1.4 billion. It will consist of 11 towers with facilities such as sky deck, jogging track and 24-hour security surveillance.

Agile has established presence in over 80 cities, with over 250 projects. Agile International has 4 projects overseas, including Agile Mont’Kiara, Agile Bukit Bintang and Agile Embassy Garden in Kuala Lumpur, and Agile Sky Residence in Phnom Penh, Cambodia.

Address: Persiaran Dutamas, Off Jalan Duta, Sri Hartamas, 50480 Kuala Lumpur

Developer: Agile Property Holdings Limited (China) and PJ Development Holdings Berhad (Agile PJD Development Sdn. Bhd)

Property Type: Condominium

Land Area: 10.16 acres

Land Title: Residential

Tenure: Freehold

No. of Blocks: 11

No. of Storeys: 44

Total Units: 813

Year of Completion: 2020

Built-up Area: 1,162 sq ft – 5,037 sq ft

Facilities:

Sky club
Sky gym
Aqua gym
Sky lounge
Putting green
Convenience stores
Multi-purpose hall
Shallow pool with sun lounges
Cabana
Pool terrace with sun lounges
Plunge pool
Kids pool with pool sides
Trellis
Playground
Function rooms and Sky Suites
Badminton court
Elderly gym

Launch Price: From RM1 million

Launch Price Per Sq Ft: From RM800 per sq ft

Maintenance Fee: RM0.40 per sq ft

Agile Mont Kiara is designed by renowned Singaporean architectural firm, DPA. A key feature of the development is the 7 acres of green and open spaces.

Compared to most of the valuable properties in Mont’ Kiara, Agile MK offers a very unique architecture and interior design concept compared to those commonly seen in local developments for the price that its buyers pay.

Agile Mont’Kiara has a residential title, featuring 11 residential towers with units ranging from 1,162 sq ft to 5,037 sq ft. There will be four 44-storey blocks, two 18-storey blocks and five 8-storey blocks. Purchasers were given a variety of options as the partially furnished units come with either 2+1 bedroom, 3 bedroom, 3+1 bedroom or 2 dual-key units. Furnishings include air-conditioning, water heaters, kitchen cabinets, built-in wardrobes, video intercom systems, and centralised water heating.

Highlights of Agile Mont’Kiara

3 sections of stylish zones
7 different floor plans
Vehicle separation Zone
3-tier security
Sky Club on the 29th Floor
6 acres of environmental deck
65% acres of landscaping
Dual-key options

About 6 acres of the development will be used as an environment deck, with pools, parks and recreational areas. Thus, the development exuberates tranquillity and nature, making Agile an oasis in the heart of Mont’Kiara. Facilities at Agile Mont’Kiara include the sky gym, aqua gym, putting green, cabana, badminton court, and more.

According to the developer, Agile Mont’Kiara is considered the lowest density in the vicinity, despite having 11 towers of mix low, medium and high rise towers. The towers are designed with large glass windows which allows plenty of natural sunlight in, and cross ventilation especially for larger units that have double balconies.

In terms of material, the developer included approved fire-rated timber panels for the doors leading to the main entrance door, and quality timber doors for the bedroom, bathroom, and study. Aluminium framed sliding glass doors are installed for the balconies, and terrace areas.

Unit Types

Built-Up

Low Zone

Royal

Lavish Fitout

· 5 blocks (Tower A to E)

· 8 storeys

· 71 units

· 1 & 2 units per floor

· Semi-furnished

· 2,142 sq ft – 5,037 sq ft

· From RM2.3 mil

Mid Zone

Elite

Dual-key (2 units of residence in one)

· 2 blocks (Tower F & G)

· 18 storeys

· 70 units

· 2 units per floor

· Semi-furnished

· 2,131 sq ft

High Zone

Premium

Quality Design

· 4 blocks (Tower H to K)

· 44 storeys

· 672 units

· 4 units per floor

· Semi-furnished

· 1,162 sq ft – 2,012 sq ft

Agile Mont’ Kiara is going to be quite the contender in the Malaysian property market to compete with, from now on.

Agile Mont’Kiara is located along Persiaran Dutamas, at Lot PT 15226, Persiaran Dutamas, Off Jalan Duta, Sri Hartamas. The development is accessible via Damansara–Puchong Expressway (LDP), North-South Expressway, SPRINT Expressway, and Duta-Ulu Kelang Expressway (DUKE).

It will also take residents about a 15 minutes’ drive to get to the Kuala Lumpur city centre. Plus, Mont’Kiara is surrounded by established and affluent neighbourhoods such as Sri Hartamas, Desa Sri Hartamas, Dutamas, Damansara Heights, Bangsar, and Desa ParkCity. Additionally, Agile Mont’Kiara is located just 5 minutes from KL Metropolis, which is envisioned to be the International Trade and Exhibition District for Kuala Lumpur.

Accessibility

Persiaran Dutamas
Damansara–Puchong Expressway (LDP)
North-South Expressway
SPRINT Expressway
Duta-Ulu Kelang Expressway (DUKE)
Jalan Kuching
Jalan Duta
Penchala Link
Kerinchi Link
MRT Line 3 (Upcoming)
KTM Segambut station
Jalan Duta Bus Terminal

Education

French School of Kuala Lumpur
Mont Kiara International School
Garden International School
Kiaramas Primary and Secondary Schools
Taylor’s College Sri Hartamas
The International School @ ParkCity
SMK Kiaramas
SJK (C) Khai Chee
SMK Segambut

Medical Care

Global Doctors Hospital
KPJ Tawakkal KL Specialist Hospital
Hospital Kuala Lumpur (HKL)
ParkCity Medical Centre
Tung Shin Hospital Western Medical Department
Kiara Child Specialist Clinic

Shopping

Publika Shopping Gallery
Solaris Dutamas
Hartamas Shopping Centre
1 Mont’ Kiara
Plaza Mont’Kiara
Arcoris Mont Kiara
163 Retail Park
Verve Shops
Shoplex Mont Kiara

Recreation

Wilayah Persekutuan (Federal Territory) Mosque
Bukit Kiara Equestrian Park
National Science Centre
Tun Razak Hockey Stadium
TPC Kuala Lumpur (formerly known as Kuala Lumpur Golf & Country Club)
Royal Selangor Club (RSC)
Bukit Kiara Equestrian & Country Resort
Kelab Golf Perkhidmatan Awam Malaysia (KGPA)
lslamic Arts Museum
Taman Tasik Perdana

Convention Centres

Matrade Convention Centre
Malaysia International Trade & Exhibition Centre (MITEC)
Ministry of International Trade and Industry (MITI)
Malaysia External Trade Development Corporation (MATRADE)

Aside from Valencia, Desa Park City and Kuala Lumpur, Mont’ Kiara is among the top preferred locations for the expatriate community that resides in Malaysia.

Mont’ Kiara’s reputation as a home to over 30 nationalities was further cemented with the high concentration of international schools that cater to the education needs of their children.

Not only that. Local business people have made Mont’ Kiara their choice of residence because of the availability of foreign banking services. Various banks are scattered amply across Mont’ Kiara and Dutamas areas making it very convenient for overseas banking and international business transactions to be made with ease.

The list of banks in Mont’ Kiara and Dutamas areas based on Google results yielded the following:

Solaris Dutamas
CIMB Bank
AmBank
AmInvestment Bank Berhad
Public Mutual
Public Bank
Maybank
Hong Leong Bank Berhad(ATM)@ Publika
Mont’ Kiara
Alliance Bank (ATM), Plaza Mont’ Kiara
HSBC Bank@ Plaza MK
Al Rajhi (ATM) @ Plaza MK
Al Rajhi Bank@ Jalan Kiara
Desa Sri Hartamas
Hong Leong Bank @ Taman Sri Hartamas
Bank Rakyat@ Desa Sri Hartamas

Transportation
According to the sales gallery people, majority of Mont’ Kiara residents possess their own vehicles, making it convenient for them to move about.

Also, there are many who are working in Kuala Lumpur, and also have an investment interest in this location due to its established reputation.

Food
Shopping and leisure areas like Solaris Mont’ Kiara, Publika@Solaris Dutamas, Hartamas Shopping Centre and Plaza Mont’ Kiara, among others, carry numerous food eateries that serve Korean, Japanese, African, Lebanese, Indonesian, Italian and Nepalese foods, aside from the common local Chinese and Mamak restaurants.

The short-term outlook for KL high-end condominium market remains cautious, with opportunities in the mid to longer term backed by the right product positioning and various stimulus by the government.

As Agile Mont’Kiara is just 5 minutes to KL Metropolis, residents could benefit from various lifestyle and commerce offering there. The population is also expected to grow due to this development, and with that, comes greater traffic.

So, if you’re looking at Agile Mont’Kiara as an investment, the approximate gross rental yield for a 1,215 sq ft unit is 4.91% per annum. This is based on:

Purchase price:1 million
Rent out: RM4,500 per month for a fully furnished unit

Here’s a look at residential properties in or close to Mont’Kiara.

Project	Land Tenure	Property Type	Completion	Built-up	Approximate Launch Price
Agile Real Estate Development Sdn Bhd and PJ Development Holdings Bhd	Freehold	Condominium	2019	1,162 sq ft – 5,037 sq ft	From RM1 million
Seni Mont Kiara by Amatir Resources Sdn Bhd	Freehold	Condominium	2010	2,411 sq ft – 6,706 sq ft	From RM1.81 million
Icon Residence by Mah Sing Group	Freehold	Condominium	2015	673 sq ft – 4,719 sq ft	From RM956,800
Pavilion Hilltop Mont’ Kiara by Pavilion Group & Kuwait Finance House	Freehold	Condominium	2017	1,200 sq ft – 3,671 sq ft	From RM1,346,400
TWY Mont Kiara by Symphony Life Berhad	Freehold	Duplex Condominium	2019	662 sq ft – 1,385 sq ft	From RM730,000
Arté Mont’ Kiara by Nusmetro Group	Leasehold	Serviced Residence	2020	422 sq ft – 1,142 sq ft	From RM430,000
Sunway Mont Residences by Sunway Bhd	Freehold	Condominium	2020	1,122 sq. ft. – 1,906 sq ft	From RM880,000
Inspirasi Mont’Kiara by MKH Bhd	Leasehold	Condominium	2021	940 sq ft – 1,015 sq ft	From RM623,000
Residensi Astrea by UEM Sunrise	Freehold	Condominium	2022	1,364 sq ft – 1,859 sq ft	From RM1,160,000
Residensi Solaris Parq by UEM Sunrise Bhd	Freehold	Serviced Residence	2022	721 sq ft – 1,423 sq ft	From RM948,800
Alix Residences by TA Global Bhd	Freehold	Condominium	2023	1,012 sq ft – 2,476 sq ft	From RM830,000
The Fiddlewoodz @ KL Metropolis by Exsim Group	Freehold	Service Residence	2025	889 sq ft – 1,476 sq ft	From RM854,800
Allevia by UEM Sunrise	Freehold	Condominium	2025	1,703 sq ft – 2,634 sq ft	From RM1.54 million

The Agile Group ventured into Malaysia in 2014, they introduced Agile Mont’Kiara in 2016. They have also been on the lookout for big parcels of land in greater Kuala Lumpur to develop townships.

Apart from Agile’s joint venture with PJD, they are co-developing a 3.76-acre land in Bukit Bintang with Tropicana Corporation Berhad, from whom it bought the land. Named Agile Bukit Bintang, it has a GDV of RM2.2bil. Upon its completion by December 2022, it is expected to be a new landmark in the heart of Kuala Lumpur.

If you’re interested in purchasing a 1,215 sq ft unit priced at RM1.1 million, here are its estimated loan figures based on the PropertyGuru Home Loan Calculator and PropertyGuru Home Loan Eligibility and Affordability Calculator.

LTV / margin of finance: 80%
Down payment (20%): RM220,000
Loan amount: RM880,000
Loan term: 30 years
Interest rate: 3.2%
Monthly repayment: RM3,806
Approximate required gross annual income: RM152,500*

* Assumptions: You have no other monthly debt obligations, and 30% of gross income is spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

To search for units listed in PropertyGuru, click on the links below.

Agile Mont’Kiara units for sale, click here.
Agile Mont’Kiara units for rent, click here.

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