Project name:
Central Residence @ Sg Besi
Area:
Sungai Besi
Developer:
Yuk Tung Land Sdn Bhd
Type:
SOHO
Tenure:
Freehold (Commercial land title)
Price range:
from RM351,700
Size range:
from 565 to 876 ft2
Freehold (Commercial land title)
Price range:
from RM351,700
Size range:
from 565 to 876 ft2
Price/ft2 range:
from approx. RM622/ft2
from approx. RM622/ft2
Total units:
526
Maintenance Fees:
RM0.25/ft2
*Above info @ Nov 2011
526
Maintenance Fees:
RM0.25/ft2
*Above info @ Nov 2011
You can get more info from following website:
http://www.iproperty.com.my/developments/1571/Central_Residence_@_Sg_Besi
http://www.iproperty.com.my/developments/1571/Central_Residence_@_Sg_Besi
The Developer:
Yuk Tung Land Sdn Bhd is a member of HR/Yuk Tung Group (http://www.hr-group.com.my/index.php), which incorporated since Feb 1997 (14 years in business).
The Group of Companies focus on property development in the Klang Valley and is currently working on several mixed development projects in Shah Alam, Bangi, Cheras, Sg. Besi, Mont Kiara and Jalan Yap Kwan Seng, Kuala Lumpur (KLCC area).
Location:
Sg. Besi is easily accessible from the North-South Expressway Southern Route and not far away from KLCC.
Sg. Besi also served by the Sungai Besi LRT station on the Sri Petaling line of Kuala Lumpur's Light Rail Transit system.
| Google Map |
| Google Map |
| Price: Compare with other developments: |
- 591 Damansara SA @ Shah Alam, section 24 ~ price from approx. RM560/ft2 (price info @ May 2011) ~ Central Residence @ Sg Besi is approx. 11% higher
- Menara U2 @ Seksyen 13, Shah Alam ~ price from approx. RM529/ft2 (price info @ July 2011) ~ Central Residence @ Sg Besi is approx. 17% higher
My View:
The price/ft2 is higher compare with 591 Damansara SA @ Shah Alam and Menara U2 @ Seksyen 13, Shah Alam (shown above). This might be due to better location as Sg. Besi is closer to KLCC, more facilities etc. So best way is to go there have a look, compare both development, before making any decision.
Both Central Residence @ Sg Besi and Menara U2 @ Seksyen 13, Shah Alam are develop by the same company.
Based on 90% loan for RM351,700, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM1,585. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM1,585 per month to rent this?
Don't forget the approx. monthly repayment of RM1,585 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)
Grade A office space normally rent out approx. RM6/ft2. So for 565ft2, you might get rental approx. RM3,390/month. This estimate is on the high sides as don't forget the space you have is smaller compare to most of the Grade A office, therefore you will not get large companies as your tenant.
SOHO is still a new sector within Malaysia Property Market, so you might want to wait and see the response from investor before moving into this sector.
For RM622/ft2, I think most self-owned small business people will prefer to use their own house or condo which they can buy with less than RM622/ft2. What do you think??
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