Area: Puchong
Developer: IJM Properties Sdn Bhd
Developer: IJM Properties Sdn Bhd
Type: Bungalow
Tenure: Leasehold
Price range: from RM3,300,000
Size range: from 5,300 ft2
Tenure: Leasehold
Price range: from RM3,300,000
Size range: from 5,300 ft2
You can get more info from following website:
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2175
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2175
The Developer:
IJM Land Berhad (formerly known as RB Land Holdings Berhad) which is the listed property development arm of IJM Corporation Berhad (IJM), one of the largest construction and infrastructure group in Malaysia.
Both IJM Land Berhad and IJM Corporation Berhad are listed on KLSE.
IJM Land Berhad is a famous developer in Malaysia and made its mark by delivering township developments in Penang, Klang Valley, Negeri Sembilan, Johor, Sabah, and Sarawak as well as in China.
Location:
Puchong is quite far away from KLCC.
| Google Map |
Price:
Compare with other developments closed by:
- Kinrara Residence @ Puchong ~ price from approx. RM566/ft2 (price info @ Sep 2011) ~ Alvarez @ Laman Granview is approx. 10% higher
- Nadayu @ Melawati ~ price from approx. RM855/ft2 (price info @ Jun 2011) ~ Alvarez @ Laman Granview is approx. 27% lower
- The Reserve @ Puncak Kayangan Kemensah ~ price from approx. RM757/ft2 (price info @ July 2011) ~ Alvarez @ Laman Granview is approx. 18% lower
- Cubist ~ Bangalow @ Twin Palms Kemensah, Ulu Klang ~ price from approx. RM535/ft2 (price info @ June 2011) ~ Alvarez @ Laman Granview is approx. 16% higher [Click Here For My Previous Blog]
- 20 Trees @ Melawati ~ price from approx. RM442/ft2 (price info @ Sept 2010) ~ Alvarez @ Laman Granview is approx. 41% higher
My View:
The price/ft2 is approx. 10% higher than Kinrara Residence which is located in the same area and . Both developments are develop by famous developer in M'sia ~ Alvarez @ Laman Granview by IJM and Kinrara Residence by Mahsing.
The price is slightly higher, this might be due to better location, more facilities etc. So best way is to go there have a look, compare both development, before making any decision.
Based on 90% loan for RM3,300,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM14,872. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM14,872 per month to rent this?
Don't forget the approx. monthly repayment of RM14,872 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)
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 will need to check out the surrounding. If it is a successful development like Sentul or Desa Park City, you will have more chance to sell it with profits in the future.
For own stay & hoping to sell it with profits in the future, you will need to check out the surrounding. If it is a successful development like Sentul or Desa Park City, you will have more chance to sell it with profits in the future.
Similar distance away from KLCC, you might want to consider Cubist ~ Bangalow @ Twin Palms Kemensah, Ulu Klang or 20 Trees @ Melawati which are cheaper in terms of price/ft2.
For own stay ~ this is all depends on what you like and affordability. Dream Home ^_*
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