Allevia, Mont Kiara

  • Pavither
  • 25 November 2020

Allevia is a product from UEM Sunrise Berhad. It’s a high-rise condominium in Mont’Kiara, and it was launched in October 2020. Allevia originates from the word ‘alleviate’. It means ‘to make something easier and to relieve a burden’. Thus, the development is designed to evoke calmness. Residents will enjoy the luxury of a high-rise residence that is low-density.

Allevia is a freehold development and will comprise two 43-storey towers with a total of 294 units.

Sitting on a 2.94-acre land, Allevia has a gross development value (GDV) of RM545.9 million. The condo also features an open-air drop-off at each tower with a hotel-style grand lobby and an exclusive lounge complete with piped-in music and signature scents.

Allevia proudly claims to be the first condominium in Mont’Kiara to provide ‘Touchless Button Lift System’. The Rooftop of Allevia grants views of greater Kuala Lumpur, sky-bound workouts at the Sky Gym, and private lounge at the Tresor Sky Lounge.

Allevia also features 0.9 acres of open facilities deck on the 7th-floor that has a lap pool, open lawn, wet and dry playground for children, and BBQ area, among others. As for the units, the living and dining areas and a dry kitchen, will be an open-plan configuration with sweeping views of the Mont’Kiara skyline.

Allevia complies with QLASSIC and GreenRE requirements, which assures that the project will be built with quality workmanship, and sustainability features that pushes for efficient use of resources such as energy and water, and reducing carbon footprint.

Allevia has walkable access to multiple businesses and educational landmarks such as Plaza Mont’Kiara, 163 Retail Park, Arcoris Mont’Kiara, 1 Mont’Kiara, Mont’Kiara International School, and Garden International School. 

The developer reached out to potential customers and their our existing customer base during the preview of this ‘bungalow in the sky’. They received 600 enquiries in just a week upon opening registration.

Allevia is due to be completed in the first quarter of 2025.

Allevia is due to be completed in the first quarter of 2025.

Property Type: Condominium

Land Title: Residential

No. of Blocks: 2

No. of Storeys: 43

Total Units: 294 (Block A – 159 units, Block B – 135 units)

Tenure: Freehold

Sales Gallery: UEM Sunrise Showcase, 21, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Year of Completion: 2025

Built-up Area: 1,703 sq ft to 2,634 sq ft

Facilities:

The Podium

  • Games room
  • Co-creation studio
  • Music room
  • Kids’ pool
  • 50m lap pool
  • Pool deck
  • Sunken deck
  • Jacuzzi
  • Pavilion
  • Multi-gen playground
  • BBQ pot
  • Multi-purpose hall / badminton court
  • Steam room

The Rooftop

  • Sky gym
  • Sky cycling studio
  • Sky terrace
  • Tresor sky lounge
  • Private dining
  • Karaoke room

Launch Price: From RM1.54 million

Launch Price Per Sq Ft: From RM880 psf

Project Details

This freehold development will comprise two 43-storey towers with a total of 294 units. The units range from 1,703 sq ft o 2,634 sq ft, with only 4 units per floor. Prices start from RM1.54 million (RM907 psf). 

For added privacy, Allevia is only open to residents via the newly developed
exclusive access at Jalan Kiara 4.

Allevia comes with spacious units for families.

Unit Types

Built-Up

Launch Price

Type A

·       1,703 sq ft

·       3 bedrooms

·       1 utility room

·       3 bathrooms

·       2 car park

·        

 

 

From RM1,543,800

 

Type B

·       1,757 sq ft

·       3 bedrooms

·       1 utility room

·       3 bathrooms

·       2 car park

From RM1,538,800

 

Type C1

·       1,971 sq ft

·       3 bedrooms

·       1 utility room

·       4 bathrooms

·       3 car park

·       Tower A: Level 1 to 7

·       Tower B: Level 1 to 6

From RM1,742,800

 

Type C2

·       1,971 sq ft

·       3 bedrooms

·       1 utility room

·       4 bathrooms

·       3 car park

·       Tower A: Level 1 to 7

·       Tower B: Level 1 to 6

From RM1,731,800

 

 

Type D

·       2,345 sq ft

·       4 bedrooms

·       1 utility room

·       5 bathrooms

·       1 powder room

From RM2,090,800

 

Type E

·       2,634 sq ft

·       4 bedrooms

·       2 utility rooms

·       5 bathrooms

·       1 powder room

From RM2,332,800

 

Allevia has its own private lounge as well.

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Location

The low-density Allevia is located next to Inspirasi Mont’Kiara by MKH Bhd, on the last remaining parcel of vacant land along the stretch of Jalan Kiara 4. Allevia is served by a newly developed access road at Jalan Kiara 4, opened exclusively to residents.

The development is within walking distance from the Mont’Kiara business centre and near schools such as Mont’Kiara International School and Garden International School.

Allevia is accessible via Duta-Ulu Kelang Expressway (DUKE), SPRINT Expressway, Penchala Link and Damansara–Puchong Expressway (LDP).

Allevia is accessible via Duta-Ulu Kelang Expressway (DUKE), SPRINT Expressway, Penchala Link and Damansara–Puchong Expressway (LDP).

Mont’Kiara is located within a 10- to 20-minute drive from the Kuala Lumpur city centre (KLCC), Bandar Utama, Mutiara Damansara, Bangsar, and Mid Valley City. Plus, it is surrounded by established and affluent developments such as Seri Hartamas, and Kenny Hills.

Accessibility

  • Jalan Kiara 4
  • Duta–Ulu Klang Expressway (DUKE)
  • New Klang Valley Expressway (NKVE)
  • SPRINT Expressway·       Penchala Link
  • Damansara–Puchong Expressway (LDP)

Education

  • Mont’Kiara International School 200m
  • Garden International School 500m
  • French School of Kuala Lumpur

Medical Care

  • Global Doctors Hospital           

Shopping

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

Recreation

  • Bukit Kiara Equestrian & Country Resort
  • TPC Kuala Lumpur (formerly known as Kuala Lumpur Golf & Country Club
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Analysis

According to Knight Frank Malaysia managing director Sarkunan Subramaniam, Mont’Kiara is home to a large community of expatriates from more than 30 countries. The area is characterised by high-rise living, and continues to develop rapidly.

“Despite the challenges in the property market with more new supply coming on-stream, the average property price in Mont’Kiara continues to hold steady,” Sarkunan said.

There are many high-rise residences and low-density developments to choose from, and the rental prospects continue to captivate a high-end niche market.

Allevia is suitable for modern day living as it comes with a host of facilities.

Data from Knight Frank Malaysia reveals the average price for selected projects such as Kiaraville, 10 Mont’Kiara, Sunway Vivaldi, Verse Suites, Tiffani Mont’Kiara, Sunway Palazzio and Verdana had grown, albeit by a marginal 0.3% and a compound annual growth rate of 0.1 %, from 2013 to 2018 (RM775 to RM777).

“High-rise properties in the locality have a higher gross yield of 4.6% to 5.4%”, he said.

UEM Sunrise COO (central) Liong Kok Kit said in a press release, “Mont’Kiara is still very much a preferred address with its excellent amenities, high-net-worth community and proximity to the city centre. Developments with an expansive square footage and privileged privacy of just four units per floor will always be in demand as a prime investment. With homes being redefined with the prolonged movement control order (MCO), the need for versatile and quiet spaces has never been more sought after.”

“For Allevia, we are targeting owner-­occupiers — families with young children and upgraders who want spacious units — as well as investors looking for high rental yield and capital appreciation. The rental market in Mont’Kiara is favoured by the expatriate community as it offers a safe and convenient environment,” adds Liong.

Here’s a quick look at residential properties in Mont’Kiara.

Project

Land Tenure

Unit Type

Completion

Built-up

Approximate Launch Price

Allevia by UEM Sunrise

Freehold

Condominium

2025

1,703 sq ft – 2,634 sq ft

From RM1.54 million

Inspirasi Mont’Kiara by MKH Bhd

Leasehold

 

Condominium

 

2021

 

940 sq ft – 1,015 sq ft

From RM623,000

Trinity Pentamont by Trinity Group

Freehold

 

Condominium

 

2022

 

1,397 sq ft – 2,085 sq ft

From RM1,374,000

 

Sunway Mont Residences by Sunway Bhd

Freehold

 

Condominium

 

2020

1,122 sq. ft. – 1,906 sq ft

From RM880,000

 

Residensi Astrea by UEM Sunrise Bhd

Freehold

 

Condominium

 

2022

 

1,364 sq ft – 1,859 sq ft

From RM1,160,000

 

Alix Residences by TA Global Bhd

Freehold

Condominium

2023

1,012 sq ft – 2,476 sq ft

From RM830,000

TWY Mont Kiara by Symphony Life Berhad

Freehold

Duplex Condominium

2019

662 sq ft – 1,385 sq ft

From RM780,660

MET 1 Residence @ KL Metropolis by Naza TTDI Sdn Bhd

Leasehold

 

Serviced Residence

 

2021

 

677 sq ft – 1,613 sq ft

 

From RM740,000

 

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Summary

Mont Kiara is still very much a preferred address with its amenities, high-net-worth community and proximity to the city centre. As with any popular and rapidly developing area, traffic congestion could be an issue, if it isn’t already.

Allevia is accessible via Jalan Kiara 4.

The developer’s focus in 2H2020 and 2021 is Mont’Kiara, with 2 high-rise residential projects — Allevia, and Solaris Parq (Plot B). In view of their strategic location and track record when launching similar products in Mont’Kiara, both projects should be well received.

If you’re looking at unit priced at RM1,550,000, the monthly repayment is approximately RM4,872. This is based on the following assumptions*:

  • LTV / margin of finance: 70% (30% down payment)
  • Loan amount: RM1,085,000
  • Loan term: 30 years
  • Interest rate: 3.2%

These calculations are based on the PropertyGuru Home Loan Calculator.

Assumptions: No other monthly debt obligations, with 30% of gross income to be spent on the loan.

To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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