Aveda @ Taman Desa Mas, Rawang

Project name:          
Aveda
Area:                       
Rawang
Developer:               
Desa Mahumas Sdn Bhd 

Type:                      
2 storey terrace house
Tenure:                   
Leasehold
Price range:             

from RM288,000 to RM400,000
Size range:              
from 1,678 to 1,756 ft2

Price/ft2 range:         
from approx. RM172/ft2
Total Units:
171units

*Above info @  Dec 2011 

You can get more info from following website:
http://mahumas.com/index.php?option=com_content&view=article&id=24&Itemid=4
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2309

The Developer: 
Desa Mahumas Sdn Bhd is a wholly-owned subsidiary of Mahumas Sdn Bhd which started business since 1997 (approx. 15 years in business).

They are the one who develop 228 Selayang Condo (Aveda 228) [Refer to My Previous Blog] too.

Location:

Rawang is far away from KLCC as shown below:

Google Map

Map data ©2012 Google, MapIT, Tele Atlas

Price:
Compare with other developments in Rawang:

• Garden Heights ~ price from approx. RM181/ft2 (price info @ May 2012) ~ Aveda @ Rawang is approx. 5% lower
• Cassis ~ price from approx. RM215/ft2 (price info @ June 2011) ~ Aveda @ Rawang is approx. 20% lower

My View:

Based on the above information, the price/ft2 in Rawang seems like going down.

If you compare with 228 Selayang Condo (Aveda 228) which develop by the same company. The selling price is from approx. RM285/ft2 (Price info @ June 2011) [Refer to My Previous Blog]. You might wonder why Aveda @ Rawang is approx. 40% lower? Due to location or condo facilities? You should go there have a look and compare both development before making any decision.

Based on 90% loan for RM288,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM1,267. If you are planning to buy & rent out for investment, you need to take these into consideration:

Will ppl willing to pay more than RM1,267 per month to rent a place in Rawang?

Don't forget the approx. monthly repayment of RM1,267 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 is not a really good investment opportunity as for approx. RM1,267 rental per month is consider expensive to me in Rawang. With this sum, you can rent a place closer to KLCC ~ maybe slightly smaller in size.

For own stay, want a bigger home & location is not an issue, you might consider this as nowadays it is difficult to get a similar size property closer to KLCC which sell less than RM300/ft2. Yet this doesn't mean it is good for long term investment ~ you might have to wait for a longer period until those huge developer who recently bought land in Gombak to develop those lands.