Area: Puchong
Developer: Pagoda Canggih Sdn Bhd
Developer: Pagoda Canggih Sdn Bhd
Type: Condo
Tenure: Leasehold
Price range: from RM320,000 to RM398,000
Size range: from 1,055 to 1,098 ft2
Tenure: Leasehold
Price range: from RM320,000 to RM398,000
Size range: from 1,055 to 1,098 ft2
You can get more info from following website:
http://www.koiprima.com
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2284
The Developer:
Pagoda Canggih Sdn Bhd is a subsidiary of the Masteron Group of Companies which established since 1981 (approx. 31 yrs in business) http://www.masteron.com.my/aboutus.html
They have completed developments in Puchong, Semenyih, PJ, Cyberjaya, Putrajaya etc.
They are the one who developed Calisa M [Refer to My Previous Blog] and Koi Kinrara.
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:
| Google Map |
Price:
Compare with other Condo developments in Puchong:
- Casa Tropika ~ price from approx. RM268/ft2 (price info @ Feb 2011) ~ Koi Prima (Phase 1) is approx. 13% higher
- Calisa M @ Puchong ~ price from approx. RM286/ft2 (price info @ Aug 2011) ~ Koi Prima (Phase 1) is approx. 6% higher [Read My Previous Blog]
- Zefer Hill Residence ~ price from approx. RM403/ft2 (price info @ Dec 2011) ~ Koi Prima (Phase 1) is approx. 25% lower
Compare with other Condo developments in Cyberjaya:
- Serin Residency ~ price from approx. RM308/ft2 (price info @ Dec 2010) ~ Koi Prima (Phase 1) is approx. 2% lower
- The Arc ~ price from approx. RM383/ft2 (price info @ April 2011) ~ Koi Prima (Phase 1) is approx. 21% lower
- Pan'gaea Phase 1 ~ price from approx. RM420/ft2 (price info @ June 2011) ~ Koi Prima (Phase 1) is approx.28% lower [Read My Previous Blog]
- Gardenview Residence ~ price from approx. RM451/ft2 (price info @ June 2011) ~ Koi Prima (Phase 1) is approx. 33% lower [Read My Previous Blog]
The price/ft2 is about the same compare to Casa Tropika and Calisa M @ Puchong.
Calisa M @ Puchong is developed by Masteron too. You should go visit this to see the difference and find out the reasons why Koi Prima (Phase 1) is approx. 6% higher in terms of price/ft2 (price changes in 4 months++?).
If you compare it with Condos in Cyberjaya, the price/ft2 for Koi Prima (Phase 1) is much lower, approx. 21 to 33% lower, as shown above (excluding Serin Residency). Cyberjaya is further away from KLCC compare to Puchong. So is it worth to pay extra 21 to 33% for Condos in Cyberjaya?
Based on 90% loan for RM320,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM1,408. If you are planning to buy & rent out for investment, you need to consider:
Will ppl willing to pay more than RM1,408 per month to rent a place in Puchong?
Calisa M @ Puchong is developed by Masteron too. You should go visit this to see the difference and find out the reasons why Koi Prima (Phase 1) is approx. 6% higher in terms of price/ft2 (price changes in 4 months++?).
Total units comparison:
- Koi Prima (Phase 1) ~ 550 units
- Calisa M @ Puchong ~ 156 units
If you compare it with Condos in Cyberjaya, the price/ft2 for Koi Prima (Phase 1) is much lower, approx. 21 to 33% lower, as shown above (excluding Serin Residency). Cyberjaya is further away from KLCC compare to Puchong. So is it worth to pay extra 21 to 33% for Condos in Cyberjaya?
Based on 90% loan for RM320,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM1,408. If you are planning to buy & rent out for investment, you need to consider:
Will ppl willing to pay more than RM1,408 per month to rent a place in Puchong?
Don't forget the approx. monthly repayment of RM1,408 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 a really good investment opportunity as you are targeting smaller group of people working in Puchong or nearby. For RM1,408/month, you can rent a similar size of condo in location nearer to KLCC. Maybe not a new one but does it really matter? To me people who rent normally will choose a place which is within their budget and closer to their work place.
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.
Other developments with similar price/ft2:
No comments:
Post a Comment