Acappella Residences
Area:
Seksyen 13, Shah Alam
Developer:
Equipark Sdn Bhd
Type:
Condo
Tenure:
Leasehold (Commercial land title)
Price range:
from RM331,500 to RM1,920,300
Size range:
from 938 to 4,103ft2
Leasehold (Commercial land title)
Price range:
from RM331,500 to RM1,920,300
Size range:
from 938 to 4,103ft2
You can get more info from following website:
http://www.acappella.com.my/
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2238
http://www.acappella.com.my/
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2238
The Developer:
Equipark Sdn Bhd. I never heard about this company before and can't find their company website other than http://www.acappella.com.my/
They are the one who developed Sri Acappella Serviced Apartments at the same location in Shah Alam. It is always worth to pay a visit to this developement to see how well they have done so far.
Location:
Distance away from KLCC is about the same as Seri Kembangan or Subang Jaya as shown below. The only difference is that Shah Alam has been well developed.
Price:
Compare with other developments within Shah Alam:
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Compare with other developments within Shah Alam:
- I-Resident @ Shah Alam, section 7 ~ price from approx. RM521/ft2 (price info @ Feb 2012) ~ Acappella Residence is approx. 32% lower
Also compare with developments located nearby:
- Neo Damansara @ Damansara Perdana, PJ ~ price from approx. RM537/ft2 (price info @ Aug 2011) ~ Acappella Residence is approx. 34% lower [Read My Previous Post]
- Boulevard Residence Damansara @ PJ~ price from approx. RM472/ft2 (price info @ April 2011) ~ Acappella Residence is approx. 25% lower [Read My revious Blog]
- 8 Petaling @ Sri Petaling ~ price from approx. RM346/ft2 (price info @ Aug 2011) ~ Acappella Residence is approx. 2% higher [Read My Previous Post]
My View:
As shown above, the price/ft2 is approx. 25% to 34% lower than the other developments in Shah Alam and nearby locations, therefore based on this, Acappella Residence is consider reasonable.
Besides, condo developments launched recently around Cyberjaya, which is far away from KLCC, are selling more than RM400/ft2.
Nowadays it is norm for properties in Klang Valley selling at around RM350/ft2, however this doesn't mean the price will continue to sustain. [Read my preview post - 2012 - Malaysia Property Market Gonna Sustain?]
Based on 90% loan for RM331,500, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM1,458. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM1,458 per month to rent this?
Besides, condo developments launched recently around Cyberjaya, which is far away from KLCC, are selling more than RM400/ft2.
Nowadays it is norm for properties in Klang Valley selling at around RM350/ft2, however this doesn't mean the price will continue to sustain. [Read my preview post - 2012 - Malaysia Property Market Gonna Sustain?]
Based on 90% loan for RM331,500, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM1,458. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM1,458 per month to rent this?
Don't forget the approx. monthly repayment of RM1,458 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 investment opportunity can consider as reasonable. Nowadays, many condo is rented out for approx. RM1,500/month.
To me, although the price/ft2 is consider reasonable, 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.
Other developments with similar RM/ft2:
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