FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Cover Story: North Kiara benefits from Mont’Kiara spillover effect

Original Source From TheEdge Publish at Wed, 12 Aug 2020, 04:00AM

Michelle has been living in North ­Kiara for 12 years. “When I first moved here, the area was known as Kampung Segambut Dalam and the only high-rise building was in Bukit Prima ­Pelangi. The traffic was not too bad and there were many kampung houses.”

Through the years, many houses were demolished to make way for the many high-rise buildings that we see today. Traffic started to build up and the road conditions deteriorated, she said.

Despite all that, Michelle enjoys living in North Kiara because of its excellent location and easy access to Petaling Jaya and Kuala Lumpur. “It is so close to Mont’Kiara, Desa ParkCity, Kepong and Dutamas. I get to enjoy the amenities in these areas while paying a significantly lower rental compared with Mont’Kiara and Desa ParkCity.”

Property experts say North Kiara is not a geographical area that is officially named or defined by the authorities. According to PPC International Sdn Bhd managing director Datuk Siders Sittampalam, this area is part of Segambut and was popularly known as the south of Segambut before the name North Kiara was commercialised.

“It is a term used by property developers for marketing purposes to boost the image of their projects, which are located next to Mont’Kiara. North Kiara generally refers to the area immediately adjacent to Mont’Kiara,” says Henry Butcher (M) Sdn Bhd chief operating officer Tang Chee Meng.

Siders concurs, adding that the name “North Kiara” was chosen to link it to Mont’Kiara, an established residential enclave.

The exact boundary of North Kiara is unknown, he adds. “Generally, it is known to be located north of Mont’Kiara, east of Desa ParkCity, south of Kepong and west of Dutamas.”

Real estate agency Hartamas Research is of the opinion that North Kiara is an area bordered, among others, by Kampung Segambut Dalam, Bukit Prima Pelangi, Bukit Seri Bintang, the fringe of Taman Sri Bintang, Taman Sri Sinar, Taman Segambut Muda, Taman Desa Segambut and the north part of Dutamas.

updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B