If you ask me, i think this is totally a steal for its package.

First, the entry level is low. Pay only 3k and you get your house, with interest beared by Developer during the 3-year construction, and you only start paying installment after getting the key.

Second, it has 10% off for all buyers, including non-bumi. 7% direct off, and 3% off if you sign SPA in 21 days. For 660k house, you literally buy the house for 590+k.

It is not quite fair to compare its price to a normal condo. It is a 2400+ sqft condo, the same or larger than a DBL house, and at the same time cheaper than a DBL house. Yes, a leasehold is its con, but free hold dont come along easily these days. It is the first spacious condo w/ facilities concept in Puchong outskirt as of i know.

As compared to investing in a normal house, you don't get 10% off, you will need to fork out 10% cash (> 50k these days), you don't pay anything literally until you get the key and getting ready to stay or resell. So, it is a steal if you ask me.

Future Development:
- MRT station (proposed location near to Taman Tekali)
- KFC / Pizza Hut
- Wharf
- School
- TPP new phases start moving in
- Millenium Township nearby (including a Hilton business hotel)

Maintenance:
- RM290 for 2400sqft, facilities: Skydeck swimming pool, ground swimming pool x 2 (one = olympic size), a mini theather, function rooms, a gym room, a game room, outdoor reading area, bbq deck x 2. that's all i can recall.
- The fees is reasonable because : For Bandar Puteri Hijauan apartment, for RM280 maintenance, you only get a swimming pool and a gym room.


Plus all researches tells that Malaysia properties in overall will rise another 30% in 3 years time. With such a low entry, it is hard not to snap a unit as such.

Cons - like many highlighted, i agreed:
- Access road to it needs improvement.
- Surrounding development could use some help.


But hey, I am a TPP resident myself, I saw a huge lot of development around since i move in in 2007, who could have expected that. A lot of potential in this area if you ask me, it still has lands, and a lot of residents flooding-in in the coming 2 years (in new completed taman phases).

Nusanputra a low-income area - well, maybe yes, because it kinda give you a gettho feel there, but with access to MEX, it will develop. Its new 3 storey bangalow (with a swimming pool on top) to be launched to start at 1.5M. Plus, X2 IS NOT in Nusanputra putra area, it is in TPP areas, majority are chinese here, it is a very nice environment for homestay purpose, quiet and peaceful with little or no break in cases. Do you know my neighbours drive CRV, vios, BMW, Benz, do i think they have low income? hell no.

2400 sqft at 600k, overpriced? Now maybe, but you wouldn't say that in 3 years time Also, never underestimate the development potential in any area, especially in Klang Valley. You would have the very same doubt on Kota Kemuning, Klang, Sungai Chua, Kota Damansara back then, but look at what they are today.

Btw, just to add, it was launched on Friday, this morning (Sunday morning), i dropped by show unit after my breakfast, and found that 90+ units were sold in less than 2 days, and still going strong. A very crowded show unit and sales office, it is safe to conclude that it is selling like hot cakes, would be interesting to see how the sales figure turn out in coming weeks.

Fair point, a very valid concern.

However. let's look at the facts:

1. Who is the developer? Metrogen, who is Metrogen? A new subsidiary of Samik Corp Sdn Bhd, a very reputable developer who never get bridging loan from banks. The same developer who also build and deliver projects like the high-end Palm Groove and Nusanputra Township, they tend to build high-end stuff in secluded areas. Look it up in LYN and myrealestate forum for the developer profile.

2. So only 3k? What is the difference here?
- Bumi buyers commonly gets 7% off, but here, 1malaysia everyone applies.
- The Dev bears the interests during construction. Not a new thing to do, tonnes of developer did that. They provided SPA as well.
- What is the extra? Yes, the Dev bears the rest of the 3% that you need to pay.

3. The land: Master title under Samik Corp, under Dengkil Mukim (can be verified with MPS). They spent over 100 millions to purchase the 8-acres land, and they will launch another block B sales in future. They initially target to build landed, but switch to high rise for higher profit. It is very, very unlikely they will give up on this goose that lays golden eggs, plus their reputation on delivery.

4. This promotion is for Block A + Early bird only, kinda a test-market phase. The sales claimed the managment will end it anytime - either once they achieve 70% sales of block A or once a good reception is established. But that is what the sales said, you know them. Block B is currently closed and reserved, expect to sell for higher price.

And still too easy to buy? Well, you still need to be qualified for loan approval. If rejected, you still get 3k back. So on your end, you still need to be eligible for loan, that is a barrier.

So why this 3k scheme? Marketing gimmicks, they jackup the price by 110%, and give you 10% discount, they still cover it back. This is ideal for investors and buyers with lower capabilities, it is easier to sell.


So yeah it makes no cow sense, but it makes complete `smart human` sense. I only see a very smart but common marketing trick , and judging by the response, it clearly works. We shall see how it goes.


* Note: I am not one of the owners, nor a sales that endorse this. i just happen to be a concerned neighborhood resident who asked a lot of question in their sales office, and hoping to share it here or you can just call me kepo. I am tied and hogged by the LTV70%.

---

Added on July 3, 2011, 6:52 pmHi CanonG10,

Yes unfortunately, they said they will share with us on the same access road. The main concern is on the main road junction, i am expecting a new traffic lights once things get hectic.

This post has been edited by flipacoin2k: Jul 3 2011, 06:52 PM

Hi bro,

yes, a valid point. Like you i am as curious at how this will turn out to be, lucky thing i am staying nearby so i can always update and share.

i think subscale wise rm220psf is fair for this area, it just doesn't hold the value of other areas. Like Sunway Vivaldi, i think pricing it at minimum 2.4Millions is way beyond what most of public can reach. the question remained that whether this area will remain to be an overlooked area of puchong in the next 3 years, this we will see.

btw - any confirmed buyer here ? will be curious to hear a word from you.

LOL, yea. Actually, I am a TPP resident for a long time. I can assure you that 90% of residents here are Chinese (maybe due to the fact that Plenitude did not give 7% discount to Bumi). No sign of Mat Rempit, this road banyak mini roundabouts, not an ideal track for them to do the stunts.

Earlier Mango mentioned his friend used to see a group of foreigners lurking on the street, that to me is a pretty serious claim that could damage TPP reputation. Well yes, we can see some foreign workers wandering in the shoplots / 99 Speedmart buying stuff, they are construction workers nearby. As for within Taman itself, I am not being biased or telling fake facts because i stay there, ask other TPP residents as well - but seeing a group of foreigners walking in our Taman is very rare. My kiasu neighbour would have freaked out. If yes, someone would have called the security to get it sorted. At least it is so in my taman and my neighbouring tamans (4A 4B and 4C), not sure bout the phase near commercial shoplots. Maybe it does have a unit rented to foreign worker there. @Mango - your friend can get the community in his/her phase to get this sorted out - only if they pose a trouble tho

BTW- Like Tourism Ministry Malaysia, the TPP residents spent 1.8Millions * sarcasm * to setup a blogspot page - do check it out for its env events: http://putraprimapuchong.blogspot.com/


Yep, the pond is clean and similar to Tasik Prima, windy at times. There is an Indian temple next to the lake and my Sri Lankan security guard aka my friend stays near there. Occasionally can see some small open burning but not very often.

Surrounding Developments:



Disclaimer:
- This development map/info are purely for reference, object locations are roughly drafted.
** For 100% geographical accuracy please refer to wikimap.

- All projects are subject to developers' delivery and roadmap changes.
- Jusco Anchor Tenant in Wharf - unconfirmed, in discussion phase, according to Bolton SA.
- LDP Ramp confirmed, when unsure.
- LRT route confirmed, when unsure.

- Any inaccuracy please feel free to highlight, but don't start trolling.

Thanks.

This post has been edited by flipacoin2k: Jul 16 2011, 02:49 PM

The LRT station will be located at the empty land opposite TPP phase 8B (3-storey houses). The area is called Kampung Seri Aman, hence the same station name. It will serve as a depot. Its earlier station is near the Millennia /Hilton - named Puchong Prima station.


-----------
btw For X2, IMO - don't look at what it is now, look at what it 'will be' in 3 years time.

@Investors - If Wharf or M-Square both pull off to be first class malls (that puchong is lacking), X2 subsale shouldn't be any problem. LRT extension target to complete by 2014 - if you can hold off till the completion, the price would definitely be better.

@Homestayers - with the 2 malls nearby by end of 2013, KFC/Pizza Hut, and LRT + a better LDP access, the amenities would be pretty complete.


Concerns:
- Upgrading the whole area of Puchong perdana take time. That area is currently pretty undev.
- LRT: BN Gahmen F it up a lot of times by delaying the project, delivery timeframe is uncertain, esp after the coming GE.


That's my two cents. if got money can invest in high-end hotspots like Sunway V and Icon city, if limited budget this area is pretty ideal to invest on. overall I am optimistic to my portfolio properties in this area.

Taman Puchong Utama - accessibility improved, but surrounding township a problem. Also, the crime rates in the area was bad. Search lowyat forum, i remember a house owner there complaint bout break-in back then. Also see this recent news:

http://thestar.com.my/metro/story.asp?file...195&sec=central

so things might improve.

Zen - many problems since launched, delayed development, bad SA attitudes, surrounding kampung folks complaint and even stop development for a while, contractors changed, owners were worried for a while. Back = graveyard, front = temple. Read: http://forum.lowyat.net/topic/952900/ Nonetheless things seem to resume now, hope the best for the buyers there.

Last thing i learn , developers there are having hard time acquiring the surrounding kampung land for development.

Hi. The last update in Mar 2011 was that Seri Aman kampung folks have accepted the new realigned route proposed by Prasarana.

The new realigned route will affect only one lot of residential area as compared to 30 lots in old route, still some minor controversy going on as Prasarana has yet to handle the 'hand tail' (cantonese). Read:


2010 protest:

http://komunitikini.com/kl-selangor/puchon...ng-sri-aman-lrt

2011 Mar update:
http://komunitikini.com/kl-selangor/kuala-...to-plough-ahead

Worst case (in a least expected way, tho) it might be relocated to Kl sungai baru as suggested, but still in the same area.

This post has been edited by flipacoin2k: Aug 5 2011, 10:06 PM

I just happen to be a seasoned local, while I have a close relative working as a realtor agent in Puchong/Seri Kembangan projects.

Taman Meranti Jaya are sky high now, we all missed the boat.

Taman Tasik Prima - still got some last minute boat with Cascadia townhouse (more like apartment townhouse), and some released units of Wharf, but try to look for sub-sale within the lake stretch would be better.

TPP - no new launch.

X2 - sales in progress , you guys know better than me.

BP - still got quite some undervalued listings, the growing foreigners are killing the market.

Taman Putra Impiana - generally bad reputation, insiders tend to avoid

Taman Mas Sepang - Calisa launching second block, but avoid it looking at its surrounding demographics

Nusanputra - launching new high-end phase, MEX access become a selling point

LBS - hard selling their D'Island now, just right across X2's lake, X2's skydeck might see that island


anyway, 4 years ago my agent cousin told me Bolton won't pick an area like this to build commercials without a reason. months later - Seeing their masterplan and suddenly a proposed LRT pierce through the town, their trick revealed.

By his realtor experience, this area is a second-line properties. It won't catch much attention from mainstream investors (look at LYN engagement for example) and speculators, instead they're targeting first time buyers and long term investors in general. With sky high psf out there, the props here are generally a good grab if the potential buyers see through travelling an extra 1 or 2km to get here, which many of them will on second or third visit.

@NeutonX, You as one of the TPPians/locals were buying x2, why? that's because you have confidence in this area, no ?

Properties competition are now demographics competitive, it is now area compete with area, town compete with town. This area could be a `deng deng wan sek` kinda properties, it won't flip >50% over night but it will go really steady. Have faith in its future dev, even BP's Tesco also caught me by surprise.


** btw - Accessibility - it would be perfect if NKVE will ramp into this area (plenitude tipu me back then) while in the end LBS was the one that got the entrance into their saujana putra.

This post has been edited by flipacoin2k: Aug 6 2011, 01:48 AM

Hi guys, a good side-news, Selangor govt has approved the empty land in Taman Tasik Prima (the huge empty land beside Bolton showhouse) as a new SRJK© Chinese school development.

Now waiting for MOE to approve the school development plan.

News (Chinese):
http://www.sinchew.com.my/node/221734?tid=1
http://cnews.cari.com.my/news.php?id=134812

For those planning for own stay this should be a really good news, but of course BN's MOE is the 'phantom menace' at the moment of if this is a go.

With pleasure. Every area has its own demographics, pricings are different. and I believe ppl are smart enough to know it. every area develop at their own pace. you can never compare PJ with Cheras, KLCC with CyberJaya, can you

But the Fact is: You can't deny this area is developing, but what will it become, time will tell. There is no need to squash it, no need to boost it either. It's needless to repeat all the developments going on again, you can visit FG27 blog : )

Be patient everybody, again, time will tell.

BTW, one of the schools going to be built there - Catholic High School (公教) is a renowned school in PJ, also a sister school of Singapore's Saint Joseph (every parents in Klang Valley want to send their kids there, ask around they produces a lot of Elite students). Now that they will have a branch here, it is quite a Win IMO.

Read PROPERLY: http://www.sinchew.com.my/node/221734?tid=1

Still not convinced? Letter:
http://www.scribd.com/doc/67255648/Selango...k-kanak-autisme


Today's news:

http://www.starproperty.my/PropertyScene/T...htBox/15420/0/0

You said u read the news it never said where, i pointed you. Now you said this crap claiming as if i do not know.

DID YOU See what I POSTED at page #46 Post #909?? Help yourself. http://forum.lowyat.net/index.php?showtopi...post&p=45754511

You are just embarrassing yourself further. It just goes to show that you are just a troll + slowpoker, and you just come in at the last page, not even bother reading even a page before, and start whacking at the last page of the thread. How credible.