Project name: Gardenview Residence
Area: Cyberjaya
Developer: Setia Haruman Sdn Bhd (http://www.cyberjaya-msc.com/)
Type: Condo
Tenure: Freehold
Tenure: Freehold
Price range: from RM460,888
Size range: from 1,023 to 2,885 ft2
Size range: from 1,023 to 2,885 ft2
You can get more info from following website:
The developer:
Setia Haruman Sdn Bhd is established on 28 March 1997 (approx. 14 years in business).
They are the Master Developer of Cyberjaya.
Location:
Cyberjaya is far away from KLCC, but it is just 20 minutes by road to KLCC during peak hours via the Maju Expressway (a mere 26km). It is next to Putrajaya.
Cyberjaya township launched in 1999 by the country's fourth Prime Minister YABhg Tun Dr Mahathir Mohamad, with the purpose to develop this area become Malaysia's First Intelligent City.
Cyberjaya township launched in 1999 by the country's fourth Prime Minister YABhg Tun Dr Mahathir Mohamad, with the purpose to develop this area become Malaysia's First Intelligent City.
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Price:
- Serin Residency @ Cyberjaya ~ price approx. RM308/ft2 (price info @ Dec 2010) ~ Gardenview Residence is approx. 46% higher
- The Arc @ Cyberjaya ~ price approx. RM383/ft2 (price info @ April 2011) ~ Gardenview Residence is approx. 18% higher
- Pan'gaea Phase 1@ Cyberjaya ~ price approx. RM420/ft2 (price info @ June 2011) ~ Gardenview Residence is approx. 7% higher
For closed by developments which are nearer to KLCC:
- Gardenz @ One South @ Seri Kembangan~ price from approx. RM373/ft2 (price info @ July 2011) ~ Gardenview Residence is approx. 21% higher http://awonginvestment.blogspot.com/2011/09/gardenz-one-south-seri-kembangan-by.html
- Calisa M @ Puchong ~ price from approx. RM286/ft2 (price info @ Aug 2011) ~ Gardenview Residence is approx. 58% higher http://awonginvestment.blogspot.com/2011/08/calisa-m-puchong-by-masteron-sdn-bhd.html
Also compare with developments located in prime location which are nearer to KLCC:
- Neo Damansara @ Damansara Perdana, PJ ~ price from approx. RM537/ft2 (price info @ Aug 2011) ~ Gardenview Residence is approx. 19%lower http://awonginvestment.blogspot.com/2011/09/neo-damansara-damansara-perdana-by.html
- Boulevard Residence Damansara @ PJ~ price from approx. RM472/ft2 (price info @ April 2011) ~ Gardenview Residence is approx. 4% lower http://awonginvestment.blogspot.com/2011/09/boulevard-residence-damansara-pj-by-ocr.html
- 8 Petaling @ Sri Petaling ~ price from approx. RM346/ft2 (price info @ Aug 2011) ~ Gardenview Residence is approx. 30% higher http://awonginvestment.blogspot.com/2011/08/8-petaling-by-petaling-garden-sdn-bhd.html
My View:
The price/ft2 is approx. 46% higher than Serin Residency which located in the same areas. 46% increased in less than a year, just around 8 months, you might want to ask yourself, is this normal? Is the price/ft2 increased sustainable?
Besides, if you look at the price/ft2 shown above for developments within Cyberjaya, the difference became lower n lower..... from 46% down to 18% then to 7%. The price/ft2 reached top end? Less n less ppl willing to pay higher price/ft2 for this area?
Compare with developments closed by (eg. Seri Kembangan and Puchong) which are nearer to KLCC, Gardenview Residence price/ft2 is higher. You might say Cyberjaya has better infrastructure and is going to be Malaysia's First Intelligent City.
If you compare it with developments within prime location like PJ & Sri Petaling, the price/ft2 only slightly higher or even lower too as shown above. How long does it takes to fully developed an area before it became well known or consider as prime location by ppl? 10 years?
RM451/ft2 in Cyberjaya is consider high to me & I still prefer to invest in properties closer to KLCC.
Based on 90% loan for RM460,888, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM2,077. If you are planning to buy & rent for investment, you need to take this into consideration. Will ppl willing to pay more than RM2,077 per month to rent a place in Cyberjaya?
Don't forget the approx. monthly repayment of RM2,077 excludes following items:
a) Maintenance fees
b) Assessment tax
c) Quit rent
d) Interest rates increased for the loan (this is the main risk as BLR still low at the moment)
If you compare it with developments within prime location like PJ & Sri Petaling, the price/ft2 only slightly higher or even lower too as shown above. How long does it takes to fully developed an area before it became well known or consider as prime location by ppl? 10 years?
RM451/ft2 in Cyberjaya is consider high to me & I still prefer to invest in properties closer to KLCC.
Based on 90% loan for RM460,888, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM2,077. If you are planning to buy & rent for investment, you need to take this into consideration. Will ppl willing to pay more than RM2,077 per month to rent a place in Cyberjaya?
Don't forget the approx. monthly repayment of RM2,077 excludes following items:
a) Maintenance fees
b) Assessment tax
c) Quit rent
d) Interest rates increased for the loan (this is the main risk as BLR still low at the moment)
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