Project name: Zefer Hill Residence
Area: Puchong
Developer: Villamas Sdn Bhd
Type: Condo
Tenure: Freehold
Price range: from RM546,500 to RM1,000,500
Size range: from 1,356 to 2,139 ft2
Tenure: Freehold
Price range: from RM546,500 to RM1,000,500
Size range: from 1,356 to 2,139 ft2
You can get more info from following website:
www.zefer.com.myhttp://www.iproperty.com.my/developments/developmentreview.aspx?pid=2304
The Developer:
Villamas Sdn Bhd established since 1985 (approx. 27 yrs in business)
http://www.villamas.com/v2/go/system
Most of their developments in KL, Selangor and Melaka.
They are the one who developed Serin Residency @ Cyberjaya.
Location:
Puchong is quite far away from KLCC and similar distance away from KLCC like Seri Kembangan.
Price:
Compare with other Condo developments in Puchong:
Compare with other Condo developments in Cyberjaya:
My View:
| Google Map |
Price:
Compare with other Condo developments in Puchong:
- Casa Tropika ~ price from approx. RM268/ft2 (price info @ Feb 2011) ~ Zefer Hill Residence is approx. 50% higher
- Calisa M @ Puchong ~ price from approx. RM286/ft2 (price info @ Aug 2011) ~ Zefer Hill Residence is approx. 41% higher [Read My Previous Blog]
Compare with other Condo developments in Cyberjaya:
- Serin Residency ~ price from approx. RM308/ft2 (price info @ Dec 2010) ~ Zefer Hill Residence is approx. 31% higher
My View:
The price/ft2 is approx. 50% and 41% higher than Casa Tropika and Calisa M @ Puchong respectively.
Serin Residency is developed by Villamas too. You should go visit this development to see the difference and find out the reasons why Zefer Hill Residence is approx. 31% higher in terms of price/ft2 (price changes in 1 year? or better location?).
Based on 90% loan for RM546,500, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM2,405. If you are planning to buy & rent out for investment, you need to consider:
Will ppl willing to pay more than RM2,405 per month to rent a place in Puchong?
Serin Residency is developed by Villamas too. You should go visit this development to see the difference and find out the reasons why Zefer Hill Residence is approx. 31% higher in terms of price/ft2 (price changes in 1 year? or better location?).
Total units comparison:
- Serin Residency ~ 600 units
- Casa Tropika ~ 520 units
- Zefer Hill Residence ~ 346 units
- Calisa M @ Puchong ~ 156 units
Based on 90% loan for RM546,500, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM2,405. If you are planning to buy & rent out for investment, you need to consider:
Will ppl willing to pay more than RM2,405 per month to rent a place in Puchong?
Don't forget the approx. monthly repayment of RM2,405 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)
Buy & rent market, this is not really a good investment opportunity as you are targeting smaller group of people, eg. expat or people working in Puchong or nearby. For RM2,405/month, you can rent a condo nearer to KLCC.
For own stay & hoping to sell it with profits in the future, RM403/ft is consider top end to me at the moment. As mentioned before, 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 price/ft2:
Villamas workmanship shit is really bad.
ReplyDeleteI will stay away from thier property.