Project name:
D'Primera
Area:
Cahaya SPK, Shah Alam
Developer:
SJ Properties Sdn Bhd
Type:
Townhouse
Tenure:
Leasehold
Price range:
from RM700,000 to RM1,500,000
Size range:
from 2,343 to 2,863ft2
Leasehold
Price range:
from RM700,000 to RM1,500,000
Size range:
from 2,343 to 2,863ft2
You can get more info from following website:
http://spkhomes.spkb.net/pro_cahaya.php
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2236
http://spkhomes.spkb.net/pro_cahaya.php
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2236
The Developer:
SPK [Website] founded in 1961 (approx. 51 years in business) is listed on KLSE with a current share price of 0.285.
They are the one who developed Sunway SPK Damansara and Ambangan Heights in Kedah.
Location:
Distance away from KLCC is about the same as Seri Kembangan as shown below. The only difference is that Shah Alam has been well developed.
| Google Map |
Price:
Compare with other Condo developments within Shah Alam:
- Acappella Residence ~ price from approx. RM353/ft2 (price info @ Oct 2011) ~ D'Primera is approx. 15% lower [Read My Previous Post]
- I-Resident @ Shah Alam, section 7 ~ price from approx. RM521/ft2 (price info @ Feb 2012) ~ D'Primera is approx. 43% lower
Also compare with Condo developments located nearby:
- Sé terra ~ price from approx. RM573/ft2 (price info @ Oct 2011) ~ D'Primera is approx. 48% lower [Read My Previous Post]
- Neo Damansara @ Damansara Perdana, PJ ~ price from approx. RM537/ft2 (price info @ Aug 2011) ~ D'Primera is approx. 44% lower [Read My Previous Post]
- Olives Residences ~ price from approx. RM498/ft2 (price info @ Nov 2011) ~ D'Primera is approx. 40% lower [Read My Previous Post]
- Boulevard Residence Damansara @ PJ~ price from approx. RM472/ft2 (price info @ April 2011) ~ D'Primera is approx. 37% lower [Read My revious Blog]
- 8 Petaling @ Sri Petaling ~ price from approx. RM346/ft2 (price info @ Aug 2011) ~ D'Primera is approx. 14% lower [Read My Previous Post]
My View:
As shown above, the price/ft2 is approx. 14% to 48% lower than the other Condo developments in Shah Alam and nearby locations. Is it worth to pay extra just for the condo facilities?
Based on 90% loan for RM700,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM3,080. If you are planning to buy & rent for investment, you need to take these into consideration:
Will ppl willing to pay more than RM3,080 per month to rent this?
Based on 90% loan for RM700,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM3,080. If you are planning to buy & rent for investment, you need to take these into consideration:
Will ppl willing to pay more than RM3,080 per month to rent this?
Don't forget the approx. monthly repayment of RM3,080 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 a really good investment opportunity as you are targeting smaller group of people especially expat to rent it.
For long term investment option, the price/ft2 is consider reasonable.
For long term investment option, the price/ft2 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?]
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.
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?]
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.
One more thing is that I still prefer the old style of terrace house rather than the new concept of townhouse which is not very common in Malaysia. Do you like to have someone stay above or below you?
Other developments with similar RM/ft2:
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