Sh'ng Villas
Area:
Kuala Lumpur (KL)
Developer:
Valencia Terrace Sdn Bhd (IJM Land Berhad)
Type:
Semi-D
Tenure:
Leasehold
Semi-D
Tenure:
Leasehold
Price range:
from RM2,300,000
Size range:
from 4,218 ft2
from RM2,300,000
Size range:
from 4,218 ft2
You can get more info from following website:
http://www.iproperty.com.my/developments/2189/Shng_Villas
http://www.iproperty.com.my/developments/2189/Shng_Villas
The developer:
Valencia Terrace Sdn Bhd is a subsidiary of 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 with a current share price of 2.22 and 6.03 respectively.
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:
This development is in KL/Cheras and closed to Cheras Leisure Mall, Cheras Pantai Medical Centre and Sri Cempaka International School.
Price:
Compare with other Condo developments closed by:
| Google Map |
| Google Map |
Compare with other Condo developments closed by:
- M Sentral @ Jalan Tun Razak/Pahang by Mah Sing Group ~ price from approx. RM700/ft2 (price info @ Aug 2011) ~ Sh'ng Villas is approx. 22% lower
- Cendana @ Jalan Sultain Ismail by Tan & Tan Developments ~ price approx. RM766/ft2 (price info @ June 2011) ~ Sh'ng Villas is approx. 29% lower
- Setia Sky Residences @ Jalan Tun Razak by SP Setia ~ price approx. RM1,151/ft2 (price info @ Feb 2011) ~ Sh'ng Villas is approx. 53% lower [Read My Previous Blog]
- Ampersand @ Kia Peng by IJM Land ~ price from approx. RM1,244/ft2 (price info @ July 2011) ~ Sh'ng Villas is approx. 56% lower [Read My Previous Blog]
- Sutera Residences @ Kajang ~ Semi-D ~ price from approx. RM296/ft2 (price info @ Aug 2011) ~ Sh'ng Villas is approx. 84% higher [Read My Previous Blog]
- Ramal Villa @ Kajang ~ Semi-D ~ price from approx. RM279/ft2 (price info @ Jan 2011) ~ Sh'ng Villas is approx. 95% higher
Ramal Residence @ Sg. Ramal, Kajang ~ Semi-D ~ price from approx. RM257/ft2 (price info @ July 2011) ~ Sh'ng Villas is approx. 112% higher
My View:
The price/ft2 is approx. 22% to 56% lower than the Condo developments in KL. Is it worth to pay more for Condo which have more facilities than Sh'ng Villas? Don't forget these additional facilities in Condo are not free, you will need to pay maintenance fees for these facilities.
If you compare it with Semi-D in Kajang, the price/ft2 is much lower there, range 84% to 112% lower, as shown above.
Based on 90% loan for RM2,300,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM10,365. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM10,365 per month to rent a place in KL?
Don't forget the approx. monthly repayment of RM10,365 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.
If you want a Semi-D for own stay & location is not an issue, you might consider those in Kajang or outside KL which normally cheaper in terms of RM/ft2.
If you want a Semi-D for own stay & location is not an issue, you might consider those in Kajang or outside KL which normally cheaper in terms of RM/ft2.
No comments:
Post a Comment