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Continue Reading ⋅ 30 January 2023
Kiara East is a 20-acre master-planned mixed-use development comprising villas, condo-styled suites, lofts, and retail lots, which are all connected on foot. This leasehold development was developed by SBC Corporation, and it was completed in 2017. This project is said to have gross development value (GDV) of RM1.5 billion.
Kiara East was planned as a multi-generational project, to suit both the young and old. That said, unit sizes might not be large enough to accommodate more than 2 generations. However, there are plenty of open spaces to meet, such as the park, lake, or the town square, Marcadia.
The development is also connected via Jalan Kuching to Duta-Ulu Kelang Expressway (DUKE), New Klang Valley Expressway (NKVE), and Middle Ring Road 2 (MRR2).
The developer had previously highlighted that they completed all the transport links of direct highways and train connections before the project completed. That gave their buyers the certainty of travel conveniences, such as direct train connections to KL Sentral, which is 7 stops away.
They also built to ensure that there are abundant spaces and meeting places for residents. Thus, Kiara East has several activity themes, ranging from market stalls to night bazaars, performances to special events.
Address: Jalan 3/18A Taman Mastiara, 51200 Kuala Lumpur
Developer: SBC Corporation Berhad
Property Type: Mixed development
Land Title: Commercial
No. of Blocks: 2
No. of Storeys: 33
Total Units:
- DEX 1.0: 320
- DEX 2.0: 273
Tenure: Leasehold
Year of Completion: 2017
Built-up Area:
- DEX 1.0: 698 sq ft & 1,400 sq ft
- DEX 2.0: 481 sq ft – 1,010 sq ft
Facilities:
- Sky lounge
- Gymnasium
- Pool
- Breeze decks
- 24-hour security with card access
Launch Price:
- DEX 1.0: N/A
- DEX 2.0: From RM364,800
Launch Price Per Sq Ft:
- DEX 1.0: Around RM570 per sq ft
- DEX 2.0: Average of RM620 per sq ft
Maintenance Fee:
- DEX 1.0: N/A
- DEX 2.0: 275 per sq ft
Project Details
There are several components in Kiara East. DEX 1.0 comprised fully furnished units, and was launched in 2011. The DEX suites were designed for compact living, and with the Wahyu train station at its doorstep, the suites proved popular with young purchase as units were snapped up within a short duration.
To encourage the growth of a vibrant new community, the developer incorporated marketplaces to anchor the whole community. It’s one of the vital components in this mixed development.
For DEX 2.0, the developer offered 273 semi-furnished residential units with 4 unit types, with built-ups ranging from 478 sq ft to 1,010 sq ft. The development achieved a pre-launch take-up of 50%. The launch price started from approximately RM620 per sq ft.
For Marcadia, there are 3 components – Marcadia Square, Marcadia Circle, and Marcadia Walk. Marcadia Square offers about 10 to 20 outlets of container kiosks, plus an open centre area for weekend bazaar booths. With a “market-plus-arcade” concept, Marcadia is designed as a modern-styled village square, and it provides a flexible space to host a variety of retail and F&B outlets.
Marcadia Circle comprises a stage set-up for open-mic nights, buskers, and artists. Marcadia Walk consists of an open-air garden bazaar area. Aspiring entrepreneurs who want to pilot new products and F&B concepts could do so at Marcadia. Priority is given to residents of DEX, and leasing terms are on short-term basis. For example, daily lease for bazaar kiosks and monthly for container kiosks (with options to extend) are available.
The developer strongly believes in making Marcadia a place for families to gather and spend quality time with friends and loved ones. It is meant to showcase a multitude of pop-up shop cultures around the world.
|
Components |
Details |
|
DEX 1.0 |
· 320 units · 698 sq ft & 1,400 sq ft (combo unit) · Launched: 2011 |
|
· 273 units · 481 sq ft to 1,010 sq ft · Elevated gardens on levels 3, 7, 11, 15 & 19 · Launched: 2014 |
|
|
Marcadia |
· Marcadia Square · Marcadia Circle · Marcadia Walk |
Location
This leasehold mixed development is located adjacent to the Metropolitan Batu Park, and Taman Wahyu KTM station. Kiara East is also easily connected to major highways including Duta-Ulu Kelang Expressway (DUKE), New Klang Valley Expressway (NKVE), and Middle Ring Road 2 (MRR2). It is also just a 15-minute drive to KL city centre and 5 minutes to Mont Kiara.
Geographically, Kiara East is located at the north-east fringe of the Kuala Lumpur city. It borders Jalan Ipoh and Jalan Kuching, and directly linked to Jalan Duta, Bukit Tunku, and east of Mont Kiara.
Here’s a quick glance at its accessibility:
- Less than a minute’s drive to DUKE
- Less than 5 minutes’ drive to Bukit Tunku, Jalan Duta, and Mont Kiara
- 3 train stations from KLPAC, Sentul
- 20 minutes to Kuala Lumpur city centre
Kiara East also encourages one to walk, as there is a direct flyover from Jalan Kuching to the car park podium, and enhanced pedestrian walkway to the train station. Additionally, the development is close to several schools – SK Tiara Permai, SKJC Mun Choong, SRK Sri Delima, and SK Batu Muda.
Accessibility
- Jalan Kuching
- Duta-Ulu Kelang Expressway (DUKE)
- New Klang Valley Expressway (NKVE)
- Middle Ring Road 2 (MRR2)
- Taman Wahyu KTM station
Education
- SK Tiara Permai
- SKJC Mun Choong
- SRK Sri Delima
- SK Batu Muda
- Mont Kiara International School
Medical Care
- Selayang Hospital
Shopping
- Publika Shopping Gallery
- Hartamas Shopping Centre
- Plaza Mont’ Kiara
- Shoplex Mont Kiara
- 1 Mont’ Kiara Shopping Mall
- Verve Mont’ Kiara
- Giant Hypermarket
Recreation
- Marcadia Square
- Marcadia Circle
- Marcadia Walk
- Metropolitan Batu Park
- Kepong Metropolitan Park
- FRIM
Analysis
DEX suites are part of a 10-acre development, with the remaining 6 acres developed as commercial hubs. With retail outlets and F&B joints nearby, there is no shortage of amenities for residents. During its launch, purchasers enjoyed Developer Interest Bearing Scheme (DIBS), free legal fees on the SPA, and free legal fees on loan documentation and stamping fee.
Available listings in PropertyGuru in March 2021 show that the asking monthly rental for 698 sq ft units are about RM1,500, while purchase prices are asking from RM398,000 to RM491,000. For units purchased at RM410,000, the gross rental yield would be 4.39% per annum.
Here’s a look at residential properties in Kuala Lumpur.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
DEX at Kiara East by SBC Corporation Berhad |
Leasehold |
Suites |
2017 |
481 sq ft – 1,400 sq ft |
From RM364,800 |
|
Leasehold |
Serviced Apartment |
2018 |
975 sq ft – 1,548 sq ft
|
From RM507,000
|
|
|
Freehold |
Serviced Apartment |
2018 |
936 sq ft – 1,905 sq ft |
From RM813,000 |
|
|
Leasehold |
Condominium |
2018 |
976 sq ft – 1,365 sq ft |
From RM668,000
|
|
|
Freehold |
Serviced Residences |
2021 |
657 sq ft – 1,238 sq ft |
From RM420,480 |
|
|
Freehold |
Suite Apartment |
2023 |
611 sq ft – 983 sq ft |
From RM348,000 |
|
|
Leasehold |
Service Apartment |
2024 |
700 sq ft, 850 sq ft, 1,000 sq ft |
From RM385,000 |
Summary
SBC Corporation Berhad was founded in 1954, and it is a construction and development company listed on the Main Board of Bursa Malaysia. Some of their projects include Cantonment Exchange (shop offices) at Jalan Ipoh, Jesselton Quay in Kota Kinabalu, The Peak collection of projects in Signal Hill, Kota Kinabalu, 6 Kapas Bukit Bandaraya in KL, and PJ Exchange (office building) in Petaling Jaya.
If you’re interested in a 698 sq ft unit at Kiara East that’s priced at RM410,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM41,000
- Loan amount: RM369,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM1,596
- Approximate required gross annual income: RM64,000*
Want to change the loan figures? Use these calculators:
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* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. The basic rule is that banks usually loan up to 30% of your gross annual income.
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