Project name: Terra
Area: Precint 11, Putrajaya
Developer: Putrajaya Homes Sdn Bhd
Type: 2 Storey Terrace House
Tenure: Freehold
Price range: from RM606,888 to RM811,356
Size range: from 2,337 to 2,519 ft2
Size range: from 2,337 to 2,519 ft2
Price/ft2 range: from approx. RM260 to 322/ft2
Total Units: 45 units
*Above info @ Oct 2011
Total Units: 45 units
*Above info @ Oct 2011
You can get more info from following website:
http://i-putra.com/putrajayahomes
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2239
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2239
The developer:
Putrajaya Homes Sdn Bhd is part of Putrajaya Holdings http://www.pjh.com.my/ (approx. 15 years in business) which is the Master Developer of Putrajaya.
Location:
Putrajaya is next to Cyberjaya and it is far away from KLCC, about 25km from KLCC and 20km from KLIA.
|
Price:
Compare with other developments in Putrajaya:
- SummerGlades ~ price from approx. RM258/ft2 (price info @ July 2010) ~ Terra @ Precint 11 is approx. 1% higher
Compare with other Condo developments in Cyberjaya:
- Serin Residency ~ price from approx. RM308/ft2 (price info @ Dec 2010) ~ Terra @ Precint 11 is approx. 16% lower
- The Arc ~ price from approx. RM383/ft2 (price info @ April 2011) ~ Terra @ Precint 11 is approx. 32% lower
- Pan'gaea Phase 1 ~ price from approx. RM420/ft2 (price info @ June 2011) ~ Terra @ Precint 11 is approx.38% lower [Read My Previous Blog]
- Gardenview Residence ~ price from approx. RM451/ft2 (price info @ June 2011) ~ Terra @ Precint 11 is approx. 42% lower [Read My Previous Blog]
Nearby Condo developments which are nearer to KLCC:
- Gardenz @ One South @ Seri Kembangan~ price from approx. RM373/ft2 (price info @ July 2011) ~ Terra @ Precint 11 is approx. 30% lower [Read My Previous Blog]
- Calisa M @ Puchong ~ price from approx. RM286/ft2 (price info @ Aug 2011) ~ Terra @ Precint 11 is approx. 9% lower [Read My Previous Blog]
Also compare with Condo developments located in prime location which are nearer to KLCC:
- Neo Damansara @ Damansara Perdana, PJ ~ price from approx. RM537/ft2 (price info @ Aug 2011) ~ Terra @ Precint 11 is approx. 52%lower [Read My Previous Blog]
- Boulevard Residence Damansara @ PJ~ price from approx. RM472/ft2 (price info @ April 2011) ~ Terra @ Precint 11 is approx. 45% lower [Read My Previous Blog]
- 8 Petaling @ Sri Petaling ~ price from approx. RM346/ft2 (price info @ Aug 2011) ~ Terra @ Precint 11 is approx. 25%lower [Read My Previous Blog]
My View:
The price/ft2 is about the same as SummerGlades in Putrajaya.
If you compare to Condo developments in Cyberjaya, the price/ft2 is approx. 16% to 42% lower. Any different between Cyberjaya and Putrajaya? Extra 16% to 42% just for condo facilities?
If you look at the comparison shown above. The price/ft2 in Seri Kembangan, Puchong, PJ and Sri Petaling seems about the same as Cyberjaya but these locations are closer to KLCC. Also the price/ft2 is higher compare to Terra @ Precint 11
Based on 90% loan for RM606,888, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM2,671. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM2,671 per month to rent a place in Putrajaya?
Don't forget the approx. monthly repayment of RM2,671 excludes following items:
a) Maintenance fees (if applicable)
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)
Buy & rent market, this might not be a good investment opportunity.
For own stay and location is not an issue, the price/ft2 is consider reasonable.
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:
No comments:
Post a Comment