By THE STAR
PETALING JAYA: Sunway City Bhd (SunCity) is so confident of the property and rental market in Mont’ Kiara that it is offering a 8% guaranteed rental return to new buyers of its Casa Kiara II condominium.
However, the special scheme, available for a year, is valid for a limited 30 units only.
“The scheme is part of SunCity’s objective to provide more value to buyers and it exemplifies the company’s confidence in the buoyant property and rental markets in the area,” said a company spokesman.
A high-end 37-storey tower of 206 units, including four penthouses, “in the vibrant global community of Mont’ Kiara”, Casa Kiara II is a freehold address in what is regarded as one of the most affluent neighbourhoods in Kuala Lumpur.
Launched in January, the project is already 60% sold.
“The vibrant Malaysian property market, following the waiver of real property gains tax and the relaxation of Foreign Investment Committee guidelines, is bringing cheer to foreign homebuyers,” the spokesman said.
The development offered excellent investment returns based on the current 8% rental returns of the surrounding properties in Mont’ Kiara, she added.
Built-up areas start from 1,375 sq ft with most units (3+1 bedrooms and three bathrooms) having their own balcony, wet and dry kitchens and generous foyer entrance serviced by three lifts.
Prices start from RM586,000 per unit.
SunCity is offering buyers special features such as free kitchen cabinets for the dry and wet kitchens, five air-conditioners, Internet broadband cable and two parking bays per unit.
There will also be recreational facilities such as a swimming pool, children’s playground, a gymnasium and function rooms.
“All these will be housed in an adjacent block, which has a built-up area of 20,000 sq ft, offering buyers greater privacy and exclusivity,” said the spokesman.
The development will also have three-tier access with security alarm linked to the guardhouse.
Casa Kiara II enjoys easy access through various expressways such as Sprint Highway and North Klang Valley Expressway.
Construction of Casa Kiara II is expected to complete by end-2009.