Sutera Residences @ Kajang by Modal Ehsan Sdn Bhd

Project name:          Sutera Residences 
Area:                       Taman Sutera Kajang, Kajang
Developer:               Modal Ehsan Sdn Bhd (http://www.suterakajang.com/)

Type:                       Semi-detached House 
Tenure:                    Freehold

Price range:              from RM850,000 to RM1,800,000
Size range:               from 2,870 to 3,414 ft2

Price/ft2 range:         from approx. RM296/ft2
Total Units:              102 units

*Above info @ August 2011 

 

You can get more info from following website:
http://www.suterakajang.com/

http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2153

The Developer: 
Modal Ehsan Sdn Bhd is based in Kajang, Malaysia. As of March 25, 2009, Modal Ehsan Sdn. Bhd. operates as a subsidiary of MetaCorp. Bhd.

Metacorp http://www.metacorp.com.my/index.php is a wholly-owned subsidiary of MTD Capital Berhad http://www.mtdcap.com/index.php, one of Malaysia's key infrastructure companies involved in privatised infrastructure development, construction and engineering, property development and other construction related activities.

Metacorp has carried out development in Malaysia (eg. Kajang, Melaka), Australia and Sri Lanka.

Metacorp was listed on the Second Board of Bursa Malaysia on 18 December 1991 before transferring to the Main Board on 20 July 2001.

MTD Capital Berhad delisting from KLSE on 10 May 2011. Mmmm....wonder why??

Location:

Kajang is far away from KLCC, that's why the price/ft2 is lower compare with developments around KLCC. 

Google Map

Map data ©2011 MapIT - Terms of Use Map Satellite Hybrid

Price:

Compare with developments in Kajang: 

• Ramal Residence @ Sg. Ramal, Kajang ~ price from approx. RM257/ft2 (price info @ July 2011) ~ Sutera Residences is approx. 15% higher  
• Ramal Villa @ Kajang ~ price from approx. RM279/ft2 (price info @ Jan 2011) ~ Sutera Residences is approx. 6% higher  

Also compare with developments closed by:

• Kinrara Residence @ Puchong ~ price from approx. RM479/ft2 (price info @ Sept 2011) ~ Sutera Residences is approx. 62% lower 
• D'island Residence @ Puchong ~ price from approx. RM493/ft2 (price info @ Sept 2011) ~ Sutera Residences is approx. 67% lower  

My View:
The price/ft2 is about the same as Ramal Residence and Ramal Villa, therefore is consider reasonable. Although price/ft2 is slightly higher, this might be due to better location , better developer etc.

If you compare with developments in Puchong,, the price/ft2 is around 60% lower. Puchong distance from KLCC is about the same as Kajang. Is it worth to pay extra 60% to invest in Puchong??

Another interesting comparison is with my previous blog, Cubist Bungalow @ Ulu Klang which cost approx. RM535/ft2 ~ 81% higher than Sutera Residences. Again distance from KLCC is about the same. You might say this is bungalow, not Semi-D....but is it worth to pay 81% more to get a bungalow which located similar distance from KLCC??
http://awonginvestment.blogspot.com/2011/09/cubist-twin-palms-kemensah.html

Based on 90% loan for RM850,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM3,830. If you are planning to buy & rent for investment, you need to take this into consideration. Will ppl willing to pay more than RM3,830 per month to rent a place in Kajang?

For buy & rent market, this is not really a good investment opportunity.

For own stay & hoping to sell it with profits in the future, you might consider this compare to those in Puchong or Ulu Klang (shown above).

Again 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.