It’s about time to give credit to the continued perseverance of prestigious developers in developing low rise condominiums to accommodate the growing demand — in this case, Amanah Capital Partners. The developer’s project, called Kirana Residence (also known as Kirana Condominium), is a freehold, low rise condominium that is located in the heart of the KLCC enclave.
The Kirana Residence is situated along Jalan Pinang. It stands next to Ascott Kuala Lumpur, and opposite of the Mandarin Oriental Hotel. Jalan Pinang is also where Marc Service Residence and One KL are at.
Click here(and scroll down if needed) if you are looking for property listings for Kirana Residence.
Completed in 2000, this condominium is comprised of only 66 units, making one of the lower density apartments in the whole of KLCC. And as anyone who is familiar with the properties in KLCC would know, condominiums here are typically packed to the brim like sardines in a can in order to fully maximize the usage of the premium freehold land, so Kirana is a welcome change indeed. 😉
Additionally, while there are only 66 units in the building, it’s not uncommon to see many (more than 80 in the case of one property portal!) units are put on sale – but we do try to caution our readers to be wary of those listings because, well, there are lots of “bait and switch” schemes when it comes to upmarket properties. If you need us to research for legitimate listings available here at Kirana Residence, just let us know in this form. (The service is free).
There are four layouts to choose from among Kirana Residence’s units. The first layout’s size range is from 2,231 square feet to 2,389 square feet. It comes with 2+1 bedrooms. Second layout is measured at 2,178 square feet to 2,247 square feet and is comprised of 2+1 rooms. The next layout’s size ranges from 3,206 square feet to 3,373 square feet. This one is more spacious, and comes with 3+1 rooms. The last layout is measured at 3,680 square feet to 3,843 square feet, with 4+1 rooms.
For the condominium’s facilities, residents are able to enjoy a fully-equipped gymnasium, a sauna, and a swimming pool. The condominium also has a business centre, as well as a mini-market, a salon, and a tennis court. Covered parking is provided to its residents, as well as a high-tech 24 hour security system.
Kirana Residence Price Details
The chart below shows the trending asking prices as collated from various public sources for the past few months:-
Currently, listed asking prices for the Kirana Residences is estimated to be RM900 per square feet – possibly the highest ever since its launch back in 2000. The prices of KLCC condominiums have been largely flat for the last few years post the financial crisis, but there are indications that the prices are back on an upward trend, boosted by the recent slew of launches of branded developments such as Four Seasons Place and RuMa (see here for review). To find out what’s the fair price to pay, download GoodPlace.my’s property valuation guide (it’s free).
Out of the many KLCC condominiums, the properties along Jalan Pinang (Kirana Residence, One KL and Marc Residence among the few) enjoy superior walkability to nearby hotspots; it is of walking distance to Suria KLCC as well as to the watering holes of Jalan P Ramlee. Also, it shares amenities with Ascott which is a huge (plus) factor.
Our sister site GoodPlace.my has devised a proprietary methodology on scoring the walkability of a property on a scale from 0 to 100, with 100 being the maximum score. Kirana Residence scores a hefty 96. For more information on how to interpret this score, and for a free KLCC walkability map, click here.
Click on the shortcuts on the right hand side of this interactive map below to check where the closest amenities are.
[poiautomap address=”Kirana Condominium Jalan Pinang Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Kirana Residence[/poiautomap]
Being located in KLCC instantly gives residents all the convenience they need. The area is thriving with posh shopping malls, classy restaurants, and fun bars and pubs to keep stress out of bay during the weekdays.
The KLCC park is located just a few minutes from the Kirana Residence. For a quick shopping fix, shoppers can head over to the Suria KLCC or Avenue K to get some dose of retail therapy. Restaurants that specialise in Asian, European, and American cuisine are easy to find. Jalan Ampang is famous for its Indian cuisine if one may need to satisfy a curry fix.
What’s interesting about the Kirana Residence is its sky bridge that is connected to neighbouring Ascott Kuala Lumpur. Residents may be able to enjoy the posh hotel’s amenities and facilities easily.
Night hounds would love KLCC’s definition of fun. The condominium is a few kilometres away from Jalan P Ramlee, a famous street known for entertainment. Pubs and bars crawl the area, as well as cafes and restaurants. All of these are within driving distance from the Kirana Residence. Sport enthusiasts can practice their golf swing at the nearby Royal Selangor Club.
Most KLCC residents are aware of the fact how traffic jams in the KLCC area can become an annoyance. This may cause some worries for Kirana Residences’ residents, because roads become congested during peak hours. Being located close to Jalan P Ramlee can also pose as a problem—noise pollution and overcrowding, especially during the night, is quite common.
However, the Kirana Residences has one of the most strategic locations when it comes to condominiums in the KLCC area. It is near the Petronas Twin Towers, and residents may be able to enjoy an unobstructed view of this world-class heritage site from their units’ balcony.
While the condominium is also one of the oldest among the KLCC enclave, one should not be worried about the condominium’s appearance and interiors. It is still well-maintained after all these years, thanks to the careful attention of its developers. Given this, plus the fact that the Kiara Residences offer top-notch facilities and its convenient location, potential investors and residents are most likely to be attracted to this condominium.
Kirana belongs to the “first generation” of KLCC condominiums, and the age indeed shows. Many investors would buy for the rental market which is rather healthy but competitive (other short lets in the area include Fraser Place and Crown Regency) – and if you’re going after this market then you’d be advised to carefully analyze the price you pay so that the rental yield makes sense for you. To do this, download our property valuation guide –