Tiara Residences @ Bandar Baru Selayang

 

Project name:          
Tiara Residences
Area:                       
Bandar Baru Selayang, Selayang
Developer:               
Engtex Properties Sdn Bhd
Type:                              Terrace/Link House

Tenure:                   
Leasehold
Price range:             
from RM1,538,880 to
RM2,408,880
Size range:              
from 5,068 to 5850 ft2

Price/ft2 range:         
from approx. RM304 to 412/ft2

Total units:               
46
*Above info @  Sept 2011 

 

You can get more info from following website:
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2193

The Developer: 
Engtex Properties Sdn Bhd is a wholly-owned subsidiary of Engtex Group Berhad (founded in 1983) which listed on KLSE.

Engtex Properties Sdn Bhd (http://www.engtexproperties.com.my/) is kinda like "new kids on the block" which established on August 2007.

Location:

Selayang is far away from KLCC, that's why the price/ft2 is lower compare with developments around KLCC. Distance away from KLCC is about the same as Kajang.

Google Map

Map DataMap data ©2012 MapIT, Tele Atlas - Terms of Use

Google Map

Map DataMap data ©2012 MapIT, Tele Atlas - Terms of Use

Price:
Compare with other developments similar distance away from KLCC:

• Sutera Residences @ Kajang ~ Semi-D ~ price from approx. RM296/ft2 (price info @ Aug 2011) ~ Tiara Residences is approx. 3% higher [Click here for my previous Blog]
• Ramal Residence @ Sg. Ramal, Kajang ~ Semi-D ~ price from approx. RM257/ft2 (price info @ July 2011) ~ Tiara Residences is approx. 18% higher
• Ramal Villa @ Kajang ~ Semi-D ~ price from approx. RM279/ft2 (price info @ Jan 2011) ~ Tiara Residences is approx. 9% higher

My View:

Although the price/ft2 is about the same when compare with other developments in Kajang (shown above), yet Tiara Residences is a four storey terrace/link house not Semi-D. Thus you might consider those developments in Kajang if you prefer Semi-D.

Based on 90% loan for RM1,538,880, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM6,935. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM6,935 per month to rent this?

Don't forget the approx. monthly repayment of RM6,935 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 really a good investment opportunity.

For own stay & hoping to sell it with profits in the future, you will need to check out the surrounding. If it is a successful development like Sentul or Desa Park City, you will have more chance to sell it with profits in the future.

For own stay ~ this is all depends on what you like and affordability. Dream Home ^_*

Gtronic ~ drop approx. 51% since April 2010

Gtronic (7022) http://www.globetronics.com.my/

Background:

• Globetronics Technology Berhad founded in 1991 (approx. 20 yrs in business).
• The Group's principal activities are the manufacture and assembly of integrated circuits, optoelectronic products and printed circuit boards.
• Other activities include manufacture and fabrication of ESD protective materials and ceramic metallisation, manufacture of small outline components and technical plating services for the semiconductor industry, provision of hardware and software system solutions and consultations, provision of burn-in services, trading of chemical products and import and export of components and direct materials of semiconductor.
• Manufacturing and trading segments operate principally in Malaysia, Philippines and Peoples' Republic of China.
• The services segment is operated solely in Malaysia.
• Listed on the KLSE since 3 November 1997.

Current Share Price:  0.84




My View:
This share has drop around 51% from 1.73 (April 2010).

During the last so called recession in 2008, the share price drop to approx. 0.50. In less than two years, Gtronic went up to 1.73 (246% increased). That's a huge profit!! ^_*

The reasons I consider this share for investment are as follows:

• Value drop around 51%
• Net asset per share is 0.95 ~ about same as current share price. This has increased significantly from approx. 0.17 in 2006.
• Dividends pay out approx. 8% per annum ~ higher than banks FD a/c which is around 3.8% now
• One of the major shareholders is EPF with approx. 11.11%

Keep an eye on this share.

If you are not risk taker, you should consider put it in the bank for FD and get around 3.8% interest per annum.

For similar price, you might consider my previous blog for YTL Power:

YTL Power ~ A Low Risk & Sustainable Share?

Summary of KLSE Shares Posted by AWong Investment (updated 3 Dec 2011)

		Posted on		Price after Posted by
		AWong Investment		AWong Investment
Code	Share	Date	Price	Highest	%	Lowest	%	Current	%
9679	WCT	25/09/2011	2.000	2.680	34%	1.850	-8%	2.150	8%
3786	MAS	19/09/2011	1.410	1.540	9%	1.230	-13%	1.330	-6%
6742	YTLPOWR	16/09/2011	1.790	1.930	8%	1.630	-9%	1.900	6%
0010	IRIS	14/09/2011	0.145	0.185	28%	0.130	-10%	0.160	10%
2739	HUAAN	09/09/2011	0.235	0.290	23%	0.185	-21%	0.255	9%
6807	PUNCAK	05/09/2011	1.130	1.350	19%	1.010	-11%	1.080	-4%
5031	TIMECOM	29/08/2011	0.530	0.700	32%	0.415	-22%	0.680	28%
					By AWong Investment