Tiffani Kiara

Tiffani Kiara (also known as Tiffani by i-Zen) is a high-end residential apartment developed by a Bursa Malaysia Main Board public listed company, Ireka Corporation. The company is also a renowned London Stock Exchange public listed company via the name of ASEANA Properties Ltd for its property development wing. Tiffani Kiara is another venture project along with One Mont Kiara and Seni between the Ireka Group comprising of Aseana Properties Ltd, Amatir Resources, and CapitaLand Financial. Ireka Corporation has developed numerous glamorous high-end residential as well as commercial developments within Mont Kiara vicinity including One Mont Kiara, Seni, and Sandakan Harbour Square (Phase 3 and 4) in Sabah, as well as several developments in Vietnam.There are a numerous facilities and amenities nestling in the Tiara Kiara vicinity including three international schools, food and beverages hubs including chic cafes and fine dining, banks, commercial centers as wells as golf clubs. It is located near to the Mont Kiara International School and Garden International School and surrounded by prestigious residential neighborhoods such as Sri Hartamas, Damansara Heights and Bangsar.Tiffani Kiara offers two choices of interior styles namely Modern Classical and Contemporary. Modern Classical features more lavish taste for richer decorating style as it is styled with dark-wood elements complemented with classical details. As for Contemporary, it is ideal for urban sophisticated living as it is furnished with light-wood materials with clean line details for counter tops and polished flooring. Besides that, all units are fully-fitted with air-conditioning and home appliances.

Property Details

Name: Tiffani Kiara (also known as Tiffani by i-Zen)

Address: Jalan Kiara 1, Mont Kiara, Kuala Lumpur

Developer: Ireka Development Management (Ireka Corp)

Completion Date: July 2009

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Units: 399

Land Area: 3.6 acres

Built-up: 815 - 3,678 sf

Maintenance Fee: RM0.30 psf

Launch Price: RM440 psf

Subsale Price: RM650 – RM957 psf

Rental:

Layouts

Radiant

Type B (1,641 sf) (3+1)

Type D (815 sf) (1)

Ideale

Type A (1,756 sf) (3+1)

Type B (2,257 sf) (3+1)

Type D (2,159 sf) (3+1)

Kallista

Type A (2,726 sf) (4+1)

Type B (3,729 sf) (4+1)

Type C (3,678 sf) (4+1)

Facilities

Squash court

Gymnasium

Infinity-edged sky swimming pool

Children's pool

Cafe

Clubhouse

Tennis court

Barbecue area

Jogging track with exercise stations

Broadband internet

24-hour security

Special courtyard (called The Sanctuary that comprises yoga and aerobic center and squash courts)

Market Trends

Analysis

Residing in Mont Kiara, Tiffani Kiara residents can reach several destinations within minutes of driving to major destinations such as Kuala Lumpur city center, Petaling Jaya, Damansara Heights, and next door Desa Sri Hartamas. Besides, one can also walk to Solaris Mont Kiara, which located nearby the condominium. Motorists can easily access NKVE highway, Jalan Duta and Sprint highway to get to various destinations.No doubt, Mont Kiara offers posh livings for its residents as well as glorious cash flows for its investors for several years. For that fact, a number of developers step a foot into the vicinity and try their best to offer the best residential within the same famous postcode. From an urban peaceful living, Mont Kiara turns into a metropolitan residential city living with a bunch of skyscraper apartments. Mont Kiara will surely transform itself into a concrete jungle with all the current developments, including the 10 Mont Kiara, La Grande Kiara, Lumina Kiara and The Residence. Tiffani Kiara will compete along with a bunch of residential in the same league. There is stiff competition within the same area. In fact, there are other condominiums that offer much lower price tag with bigger size. However, Tiffani is popular for its 1 and 2 bedroom units, and it enjoys one of the best rental yields and occupancy rate within Mont Kiara. As advertised on its advertisement, the Tiffani Kiara has attracted a number of celebrities to own a piece of luxury condominium, including Fann Wong (Singapore Mediacorp artist), Dato' Bernard Chandran (famous local fashion designer), Dato' Jimmy Choo (famous Hollywood shoe designer), Stephanie Chai (TV star) and even Malaysian royal family member. Besides that, 150 units of Tiffani Kiara are currently managed by Ascott. The contract between both parties states that Ascott will manage the units for the first 2 years and owners will have the option to extend the service for another 2 years or terminate it. The services provided by Ascott include corporate leasing, housekeeping and concierge services.The prices have appreciated for Tiffani Kiara, especially for the smaller units. There are not many condominiums within Mont Kiara that share such good value proposition and it is expected to see stable growth in prices and tenancy for the next 2 years.