Any news on this project? Have any of you booked a unit yet? I went to the showhouse and quite interested with the concept. But the price is a little more than I can afford (cheapest around 750k after discount) plus the maintenance fee too.
Any advise on other advantage or downside on this project?

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Added on November 1, 2012, 2:54 pmAnyone has seen or booked a unit for this 280 park homes? What do you guys think? Really appreciate your comment. My personal view:

- Concept and design is fantastic. In fact this might be the best 'park homes' property type as it is low density with maximum of 6 storeys only. No high or medium rise condo inside.
- Location is ok even though a little bit remote. But with additional access to LDP and LRT puchong prima coming soon (1km away), accessibility shouldnt be a big issue.
- Price IMO is quite high for a leasehold land and the location. But its only RM305 psf (for type B2, the smallest at 2422sf) after discount. Still cheaper than other mega projects nearby such as LSC and The Wharf. What do you guys think?
- Security and surronding : Crime rate is on the rise in Puchong Prima, but this is GnG, so should be very safe right? The downside is that quite many low cost apartments nearby, so the neighborhood scenery is not that good.

Personally I think, this is great for own stay for middle to big size family. But I am not sure whether its good for investment too. How much can the value appreciate? The potential is there as Puchong south is heavily developed and probably mature in 5 years time.

This post has been edited by realproperty: Nov 1 2012, 02:54 PM

Any property guru out there want to comment on this project?

I think this project is not yet heavily promoted. Just a small signboard on the project site. But you still can comment conceptually based on the info in mitrajaya website and this forum.

Appreciate your advice!! Tq........

Thanks Anniyan for the detailed analysis.. are you a buyer or agent of 280 park homes?

Agreed with your points... puchong south got a lot of potential but it must be supported by great accessibility as well.. LRT station is a good start, one that will surely prosper the surrounding developments.. Puchong Prima and Tasik Prima could very well be self sustaining city with its own mega-mall, cinema, entertainment and leisure places.. projects nearby such as The Wharf and M-City will be among the first.. even these will attract Cyberjaya and Putrajaya folks..

The only limiting factor now is the access road.. Some people also might be scared of the high tension cable nearby.. A new police station also is a must because the rising crime rate and increasing population around this area..

Hope some actual buyers can share some light n thought on this project. Wondering why the developer not keen to advertise and promote this project. All I know is they only advertise via newspaper and small sign boards in puchong prima area. I think a lot of units still remain unsold but the project is progressing really well. All phase 1 blocks already up at least on ground floor.

Have you done the psf calculation? For the smallest 2422sf unit, the price is just rm305psf after discount.. With low density and same (if not better) features than other high-end condo nearby (the wharf, aurora, X2), dont you think the price is quite cheap?

Yup, but I think this project is targeted at mid to big size family who appreciate more spaces.. If they make it smaller, then it will compete with other condos nearby who target expats, couple or small size family.
In comparison with other landed 2 storey houses, this got the upper hand in term of security and condo-like facilities. Yes 800k is very expensive, but it has 10% discount + 7% (Bumi) + DIBS + RM10,000 booking fee (refundable if manage to get 90% loan) + tons of panel banks to choose from (Maybank, OUB, HSBC, AmBank, CIMB & Hong Leong).

Personally I like the Duplex Condo concept where you can enjoy the mix of condo and 2 storey house at the same time. But I am still undecided on this one .

Thanks for all the opinion.

0.20 psf according to SA... Expensive or reasonable?

Have you seen the actual show unit of 280 Park Homes yet? The show unit is on the site itself and will be sold as well. From what I have seen, the material does not seem cheap. The timber flooring is of a high quality type and the even the stairs holder is made of tempered glass. Comparing with Desa Impiana might not be apple to apple as Impiana is not a high-end condo. Which mid-end condo is made by high quality materials?

One thing that Mitrajaya differ from many other developers is that they usually employ build-then-sell strategy for their projects including 280 Park Homes. While most developers will immediately start promoting and selling right after getting the advertising permit without any actual development done on site, Mitrajaya built and completed at least the actual show units and soils testing before start promoting and soft-launching. This is of course in line with government aspiration to promote build-then-sell type of property selling and shows that Mitrajaya has solid cash flow.

jm2c...

This is the latest costruction progress of 280 Park Homes... Phase 1 will be completed in Dec 2014 and Phase 2 in Dec 2015 (based on latest estimation by Mitrajaya) :

Not ok definitely but thats what ppl usually got for what they pay. My current home also is a mid-end condo, priced around 200k back in 2008 (asking price now around 400k). Material used I think is far from high-end but the owners dont complain about it.

Thanks for the pics Yuna.. Nice!!

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Added on December 10, 2012, 8:39 pmI heard the unit price has increased a little and there were many coming to the show house yesterday. Anyone can confirm this?

This post has been edited by realproperty: Dec 10 2012, 08:39 PM

Phase 1 is starting to sells fast every week and price will keep increasing. Soon phase 2 will be launched. Book your unit now!!

Price has been up 5%. Cheapest unit (2422sf) price has increased from RM892,800 to RM939,800.
I think the price will maintain until all Phase 1 sold out.

Phase 2 probably they will add another 5% or they slash the 10% early bird discount to 5%.

Yup.. agreed.. my main concern is the maintenance fee as well. 0.20 psf means to pay RM484.40 every month (for 2422sf unit).
Has there been any project that managed to 'decrease' the maintenance fee after JMB took over from management?

I think most complaints will come from bigger size units as their maintenance fee are much more 'killing'.. what do you think?

Workmanship is top notch. Trust me, I have been to the show units (both furnished and the empty ones). Its hard to find sub 400psf project with this concept, location and workmanship.

The real concern is the high maintenance fee of 0.20 psf. Its logical though since its low density GnG concept, with theme park and huge landscape garden. Probably 0.20 may not be sufficient.

Since the entry requirement is very easy (considering zero down-payment based on 10% discount), young families will be very tempted to buy. But they need to think ahead of the maintenance fee as well.

Both projects are quite different:

Bolton The Wharf
- High Density High Rise with Service Apartments facilities.
- Smaller size (lower than 2000sf).
- Mixed developments with Commercial, Offices and Shopping malls.
- Nearer to lake and happening places.

280 Park Homes
- Low Density Low Rise Duplex Condo (only 6 floors) with theme park facilities.
- Bigger size (minimum 2422sf).
- Totally residentials developments.
- Nearer to LRT station (~1.5KM).

So depends on buyer's requirement which is better bet.

Agreed.. we can see in the price difference too.

Which block did you book sinkuro? What type and size? And what bank did you choose?
Lets build a great neighborhood in 280 Park Homes

Yup.. booked 1 unit block F (smallest also ).. bank is RHB.. quite good rate.

No lock in, maximum tenure, 90% margin and BFR-2.5% rate. I think not many bank can offer this.

Yup already signed S&P.