Right across the KLCC Park, on Jalan Changkat Kia Peng off Jalan Kia Peng, lies a 12-storey condominium called Sri Kia Peng. This upscale condominium is a freehold property that has only one block housing a total of 64 luxury units.
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Sri Kia Peng is within walking distance to the famous Petronas Twin Towers, KLCC Park, the posh Suria KLCC, KL Convention Centre and Traders Hotel Kuala Lumpur. Some of its neighbors include Prince Hotel & Residence KL, Pavilion Residences, Menara Pinang, Park Seven and Stonor Park.
Development of the project was undertaken by Metzler in the early 1990s and was originally named Bunga Emas (I know, I know). It was then sensibly renamed as Sri Kia Peng in 1993 after Econ Resources took up 70% ownership. The development of Sri Kia Peng was completed in 1994. Being one of the oldest condominium developments in the KLCC enclave, it is showing its age, but due to its rather strategic location and the low density factor the prices have only been going up. Read further for more information on asking and transacted prices.
Residing in KLCC offers luxury and convenience. The enclave is decorated with lots and lots of choices for dining, shopping, educational, health and recreational needs. Sri Kia Peng is strategically located right across the KLCC Park, which means that it is located within walking distances to a number of options. Right across is the upscale Suria KLCC mall, a haven for shopping enthusiasts. It houses local and international retail brands to suit your fancy. If you opt for something more diverse, you may walk to Bukit Bintang Shopping Centre.
Dining is always a pleasure for everyone and residing in KLCC gives you a vast variety to choose from. Besides the restaurants inside shopping centres and commercial buildings, KLCC is also lined with standalone restaurants. And depending on your mood and cravings, you could walk around to get your cravings satisfied. Seafood Paradise, Espressamente Illy, Bon Ton, Top Hat, Restoran Sri Melayu, Viet Passion, Restoran Gu Yue Tien, Gaucho Grill and Saisaki are within close proximity to Sri Kia Peng.
Sri Kia Peng’s GoodPlace Walkability Score (GWS) is 80, which is about average when it comes to KLCC condominiums. Find out more about what this score means and download the (free) KLCC walkability map here.
If you have had a rough day at work, an evening drink at Borneo Baruk Club or The Butter Factory KL may ease your mind. Or better, opt for rooftop bars to couple your drinks with a spectacular view. Try Marini’s on 57 (located on the 57th floor of Petronas Tower 3), Luna Bar (34th floor of Pacific Regency Suites off Jalan P Ramlee) or Atmosphere 360 (above KL Tower’s view deck). It is highly recommended though that you try these rooftop bars on a Friday or you might end up not getting enough sleep for next day’s work. The views could simply awe you and take your sense of time away.
Besides the international schools (IS) – Garden IS, Fairview IS, Alice Smith, IS KL, Julia Gabriel Centre for Learning, Sayfol IS and Mont Kiara IS – you may also find the University of Nottingham Malaysia campus, Berjaya College of Hospitality and a number of language schools populating the area. Foreign embassies also line the streets of KLCC so expatriates do not need to worry about consular concerns.
The city centre itself may be accessed through major roads such as Jalan Tun Razak, Jalan Ismail and Jalan Ampang. Besides accessing Sri Kia Peng by private vehicles, you can also utilize public transportation such as buses, the Monorail and the LRT.
Want to know where the closest amenities to Sri Kia Peng are? Use this interactive map below.
[poiautomap address=”Sri Kia Peng Condominium Jalan Changkat Kia Peng Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Sri Kia Peng[/poiautomap]
Living Spaces and Perks at Sri Kia Peng
Sri Kia Peng was offered to the public in three floor plans. Stana, the biggest among the three, are penthouses measuring 6,562 sqf and 6,475 sqf. There were only two units of each built-up size. The second floor plan, Mahkota, are three-bedroom units measuring 2,278 sqf. Each unit has two balconies in the master bedroom and all bedrooms have ensuite baths. Petra, the smallest of the floor plans, are two-bedroom units measuring 1,766 sqf.
There are four Stana units, 40 Mahkota units, and 20 Petra units, totaling 64 units in all.
Residents of Sri Kia Peng are provided with facilities befitting its luxurious image. Aside from the 24-hour security, a fully-equipped gym, swimming pool, covered carpark, play area, mini market, jogging track, bbq area, nursery and business centre are perks the dwellers are entitled to.
Sri Kia Peng Prices – The Math
When Sri Kia Peng was launched, asking price per square feet was at RM400 – definitely a premium at that time. After almost two decades since its launch, asking prices for units at the property are from RM600 to RM700+ PSF. The high appreciation value of Sri Kia Peng is an indicator that this is a good investment opportunity, but will it keep on rising?
The chart below shows the trended asking prices (when available) for the past few months.
At the time of this review, units of size 1,700 sq ft are going at around RM1 million, which translates to about RM588 PSF – way lower than the median RM1,000 PSF price commonly associated with KLCC condominiums. Is this a bargain? Find out for yourself by using our easy property evaluation guide here (use the signup form below).