Tiara Residences
Area:
Bandar Baru Selayang, Selayang
Developer:
Engtex Properties Sdn Bhd
Type: Terrace/Link House
Tenure:
Leasehold
Price range:
from RM1,538,880 to
RM2,408,880
Size range:
from 5,068 to 5850 ft2
Leasehold
Price range:
from RM1,538,880 to
RM2,408,880
Size range:
from 5,068 to 5850 ft2
You can get more info from following website:
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2193
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2193
The Developer:
Engtex Properties Sdn Bhd is a wholly-owned subsidiary of Engtex Group Berhad (founded in 1983) which listed on KLSE.
Engtex Properties Sdn Bhd (http://www.engtexproperties.com.my/) is kinda like "new kids on the block" which established on August 2007.
Location:
Selayang is far away from KLCC, that's why the price/ft2 is lower compare with developments around KLCC. Distance away from KLCC is about the same as Kajang.
Price:| Google Map |
| Google Map |
Compare with other developments similar distance away from KLCC:
- Sutera Residences @ Kajang ~ Semi-D ~ price from approx. RM296/ft2 (price info @ Aug 2011) ~ Tiara Residences is approx. 3% higher [Click here for my previous Blog]
- Ramal Residence @ Sg. Ramal, Kajang ~ Semi-D ~ price from approx. RM257/ft2 (price info @ July 2011) ~ Tiara Residences is approx. 18% higher
- Ramal Villa @ Kajang ~ Semi-D ~ price from approx. RM279/ft2 (price info @ Jan 2011) ~ Tiara Residences is approx. 9% higher
My View:
Although the price/ft2 is about the same when compare with other developments in Kajang (shown above), yet Tiara Residences is a four storey terrace/link house not Semi-D. Thus you might consider those developments in Kajang if you prefer Semi-D.
Based on 90% loan for RM1,538,880, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM6,935. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM6,935 per month to rent this?
Don't forget the approx. monthly repayment of RM6,935 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.
For own stay ~ this is all depends on what you like and affordability. Dream Home ^_*
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