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Sunday, August 5, 2012

New England @ Putrajaya

 

Project name:           New England
Area:                        Precinct 18, Putrajaya
Developer:               Putrajaya Homes Sdn Bhd
Type:                        Semi-D
Tenure:                     Freehold
Price range:              from RM1,123,770 to RM1,502,337
Size range:               from 3,170 to 3,689 ft2
Price/ft2 range:        from approx. RM355 to 407/ft2
Total Units:              19 units
*Above info @ Dec 2011

You can get more info from following website:

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.


Google Map


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Price:
Compare with Terrace Houses in Putrajaya:
  • SummerGlades ~ price from approx. RM258/ft2 (price info @ July 2010) ~ New England @ Putrajaya is approx. 38% higher
  • Terra @ Precint 11 ~ price from approx. RM260/ft2 (price info @ Oct 2011) ~ New England @ Putrajaya is approx. 37% higher  [Read My Previous Blog]
Compare with other Condo developments in Cyberjaya:
  • The Arc ~ price from approx. RM383/ft2 (price info @ April 2011) ~ New England @ Putrajaya is approx. 7% lower
  • Pan'gaea Phase 1 ~ price from approx. RM420/ft2 (price info @ June 2011) ~ New England @ Putrajaya is approx. 15% lower [Read My Previous Blog]
  • Gardenview Residence ~ price from approx. RM451/ft2 (price info @ June 2011) ~ New England @ Putrajaya is approx. 21% lower [Read My Previous Blog]
  • Vega Residensi 1 ~ price from approx. RM475/ft2 (price info @ Nov 2011) ~ New England @ Putrajaya is approx. 25% lower [Read My Previous Blog]



My View:
The price/ft2 is approx. 37% to 38% higher than Terrace Houses in Putrajaya. Is it worth to pay extra for a Semi-D?
 
 
Terra @ Precint 11  is develop by the same developer, you shall visit this to see why New England @ Putrajaya is approx. 37% higher.

If you compare to Condo developments in Cyberjaya, the price/ft2 is approx. 7% to 25% lower. Any difference between Cyberjaya and Putrajaya? Extra 7% to 25% just for condo facilities?

Based on 90% loan for RM1,123,770, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM4,945. If you are planning to buy & rent for investment, you need to take these into consideration:

Will ppl willing to pay more than RM4,945 per month to rent a place in Putrajaya?

Don't forget the approx. monthly repayment of RM4,945 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 really a good investment opportunity as you are targeting smaller group of people, eg. expat or people working in Putrajaya or nearby. For RM4,945/month, you can rent a condo nearer to KLCC (size smaller).

For own stay and location is not an issue, you might consider those Terrace Houses which are cheaper in terms of price/ft2.

Other developments with similar RM/ft2: