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
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
Total Units: 19 units
*Above info @ Dec 2011
You can get more info from following website:
http://i-putra.com/putrajayahomes
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2310
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2310
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.
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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?
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:
