Project name: Calisa M
Area: Puchong
Type: Condo
Tenure: Leasehold
Price range: RM221,760 to RM366,960
Size range: 775 to 1055 ft2
Price/ft2 range: RM286 to 348/ft2
Total Units: 156units
Total Units: 156units
You can get more info from following website:
The developer is a small company started business in 1981 (30 years in business). I never heard about this company before but seems like they are the one who build the Koi Kinrara @ Puchong.
Location: Quite far away from KLCC, that's why the price/ft2 is lower compare to 8 Petaling @ Sri Petaling (http://awonginvestment.blogspot.com/2011/08/8-petaling-by-petaling-garden-sdn-bhd.html) which I have blogged about it recently. The price/ft2 is approx. 20% less than 8 Petaling.
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Price is about 7% more than Casa Tropika which is located in Puchong too.
- Casa Tropika @ Puchong - selling around RM268 to 294/ft2 [info @ Feb 2011]http://www.casatropika.com.my/
- The 7% premium mentioned above might be due to better location, better developer, more facilities etc. So best way is to go there have a look, compare both development, before making any decision.
- One of the advantage for this development is that it only has 156 units compare to Casa Tropika which has 520 units. If you want to sell it fast in the future, you might consider for a development with less units.
- Based on 90% loan for RM221,760, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM999. If you are planning to buy & rent for investment, you need to take this into consideration. Will ppl willing to pay more than RM1,000 per month to rent a place in Puchong?
To me I still believe the property prices in Klang Valley are too high at the moment and should collapse soon (maybe after 2012 election). Unless you are desperately to invest now, we shall keep more cash in hand for rainy days.
Good luck in ur investment!!
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