Asia Quest Group to launch Phase 2 of Kiaramas deDaun this month

This article first appeared in City & Country, The Edge Malaysia Weekly on May 12, 2025 – May 18, 2025

Following the success of the first phase of Kiaramas deDaun, an upscale condominium in Mont’Kiara, Kuala Lumpur, the developer Asia Quest Group is rolling out the second phase this month.

Its CEO Tan Kok Leng tells City & Country in an email interview that the first phase, which consists of 436 units spread across two 40-storey residential towers within the 8.54-acre freehold development, was launched in June 2024 and 95% of the non-bumiputera units had been sold as at April.

“The buyer profile reflects a diverse mix of demographics. Purchasers include existing buyers from the Kiaramas collection, as well as young professionals and young families seeking to upgrade their lifestyle — particularly those looking to reside in the desirable Mont’Kiara area.

“The development has also attracted property investors drawn by the prospect of strong rental yields in a well-established neighbourhood. A notable portion of buyers also consists of foreign purchasers under the MM2H (Malaysia My Second Home) programme, many of whom are acquiring units for either their own stay or investment purposes,” Tan says.

According to him, Phase 2, which comprises 223 units in a single tower, will continue to evolve with the needs of modern Malaysian families, particularly multigenerational ones, hence the introduction of sky bungalows and semi-detached layouts that offer larger built-up areas.

“Each residence emphasises both comfort and functionality, with a deliberate separation between private quarters and shared living areas, ensuring a balanced lifestyle that fosters family interaction while maintaining privacy. Select units will also feature private lift lobbies, providing residents with direct access to their homes, enhancing privacy, security and an elevated sense of exclusivity uncommon in high-rise residences,” says Tan.

Similar to Phase 1, Phase 2 units have built-ups ranging from 1,389 to 4,693 sq ft. They are priced between RM1.16 million and RM4.31 million, or RM844 and RM918 psf.

Tan highlights that certain units in Phase 2 will enjoy unobstructed views of Kuala Lumpur, while others will overlook the 760ft infinity swimming pool — the longest meandering pool in Mont’Kiara and that connects to all three towers — on Level 7.

Other facilities are outdoor and indoor gymnasiums, a tennis court, children’s pool and playground, entertainment and BBQ decks, reflexology path, hammock lawn, sauna room, Jacuzzi, floating walkway, sunken seat pavilion, meditation garden, reading and yoga rooms, and a floating walkway that leads to the Residents’ Entertaining Zone (REZ), a secluded multipurpose space that can cater for up to 150 persons. There will also be a sky lounge on Level 40. The maintenance fee is 36 sen psf, including a 10% sinking fund.

Expecting 90% take-up for Phase 2

With strong market sentiment and the project’s strategic location, Tan is confident that market response to Phase 2 will be strong.

“We are projecting a 90% sales achievement of non-bumiputera units for Phase 2 by year end. This optimistic target is underpinned by robust demand recorded in Phase 1 and the limited supply of comparable high-end residences in the Mont’Kiara enclave. So far, 61% of the units in Phase 2 have already been pre-booked, signalling continued strong interest from both local and international buyers,” Tan says.

He adds that the project’s target market remains consistent with that of earlier phases, comprising loyal Kiaramas Collection buyers, young professionals and families who are seeking a lifestyle upgrade, property investors focused on the rental-yield potential, and foreign purchasers under the MM2H programme.

Tan points out that Mont’Kiara is a sought-after enclave with many established amenities in the vicinity, making it a property hotspot for both locals and foreigners. There are international schools, shopping malls, medical centres, corporate offices and gourmet restaurants within a 5km radius of the site. The project is slated for completion in May 2029 and the construction is well on track, with each phase progressing in accordance with the established construction milestones, says Tan.

Other launches in the pipeline

Asia Quest is preparing to launch its next residential development on Jalan Tun Razak in Kuala Lumpur. The 2.3-acre site is a five-minute walk from the Raja Uda MRT station and comprises three residential blocks housing a total of 749 serviced residences and eight retail lots.

“Targeted at young professionals and international buyers, the development will feature 1- and 2-bedroom units with built-ups between 500 and 2,500 sq ft. We aim to provide a contemporary city-living experience with seamless access to urban conveniences. Foundation and basement structural works have already been completed, and the project is slated for launch in 2026,” Tan says.

The developer is also working on the remaining two plots of its Kiaramas Collection in Mont’Kiara, for which the development order application was recently submitted.

“We are set to expand our development footprint, with several exciting projects in the pipeline, both within and beyond our established stronghold of Mont’Kiara … [We are forging ahead with launches, as] Malaysia’s property market is expected to chart a course of moderate, yet steady, growth in 2025, underpinned by economic resilience, continued infrastructure development and evolving homebuyer preferences. While challenges such as oversupply in selected segments and high household debt persist, overall market sentiment is showing signs of recovery and optimism,” Tan says.

He believes the demand for housing is being increasingly shaped by post-pandemic lifestyle shifts, with urban residents placing greater emphasis on spacious, low-density living environments, rising preference for homes that support work-from-home arrangements and multigenerational living. Therefore, he foresees the upscale high-rise segment continuing to perform well, buoyed by strong demand for luxury residences in prime locations such as the Klang Valley, Penang and Johor Bahru.

“Buyers are drawn to developments offering scenic views, proximity to business districts and comprehensive lifestyle amenities. The segment is driven largely by young affluent professionals, retirees and expatriates seeking secure, well-equipped homes that reflect contemporary urban living,” he says.