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Saturday, July 21, 2012

Taman Nadayu92 @ Kajang



Project name:       Taman Nadayu92
Area:                    Kajang
Developer:           Regal Form Sdn Bhd
Type:                   Semi-detached House
Tenure:                Freehold
Price range:          from RM1,434,000
Size range:           from 4,239 to 4,748 ft2
Price/ft2 range:    from approx. RM338/ft2
Total Units:          54 units
Maintenance Fee: approx. RM290/month
*Above info @ Dec 2011

You can get more info from following website:
Regal Form Sdn Bhd is a subsidiary of Nadayu Properties Berhad [Website] which formerly known as Mutiara Goodyear Berhad.

Nadayu Properties Berhad is listed on KLSE (since May 2002) with a current share price of 1.02.

Nadayu Properties Berhad delivering property developments in Selangor and Penang, eg. Nadayu Melawati, Nadayu92 Kajang, Bandar Tasek Mutiara in Penang etc.

Location:
Kajang is far away from KLCC, that's why the price/ft2 is lower compare with developments around KLCC.

Distance from KLCC is similar to Puchong.



Price:
Compare with developments in Kajang:
  • Sutera Residences @ Kajang ~ price from approx. RM296/ft2 (price info @ Aug 2011) ~ Taman Nadayu92 is approx. 14% higher [previous post]
  • Ramal Residence @ Sg. Ramal, Kajang ~ price from approx. RM257/ft2 (price info @ July 2011) ~ Taman Nadayu92 is approx. 32% higher
  • Ramal Villa @ Kajang ~ price from approx. RM279/ft2 (price info @ Jan 2011) ~ Taman Nadayu92 is approx. 21% higher  
Also compare with developments closed by:
  • Kinrara Residence @ Puchong ~ price from approx. RM479/ft2 (price info @ Sept 2011) ~ Taman Nadayu92 is approx. 29% lower
  • D'island Residence @ Puchong ~ price from approx. RM493/ft2 (price info @ Sept 2011) ~ Taman Nadayu92 is approx. 31% lower



My View:
The price/ft2 is approx. 29% to 31% lower than other Semi-D developments in Puchong but when you compare with Semi-D developments in Kajang, the price/ft2 is approx. 14% to 32% higher as shown above.

Is it worth to pay extra?? You should go visit these developments to see the difference and find out the reasons.

Total units comparison:
  • Sutera Residences ~ 102 units
  • Taman Nadayu92 ~ 54 units
  • Ramal Residence ~ 26 units

Another way to compare is to visit Nadayu28 Bandar Sunway, a condo develop by Nadayu Properties Berhad which is selling from approx. RM709/ft2 (price info Nov. 2011) ~ Taman Nadayu92 is approx. 52% lower

Based on 90% loan for RM1,434,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM6,311. If you are planning to buy & rent out for investment, you need to consider:

Will ppl willing to pay more than RM6,311 per month to rent a place in Kajang?

Don't forget the approx. monthly repayment of RM6,311 excludes following items:

a) Maintenance fees (approx. RM290/month)
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 Kajang or nearby. For RM6,311/month, you can rent a condo nearer to KLCC (size smaller).

For own stay & hoping to sell it with profits in the future, you might consider this compare to those in Puchong as shown above.

Other developments with similar RM/ft2:

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