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Continue Reading ⋅ 30 January 2023
Located in Taman Tampoi Indah, Johor Bahru, Greenfield Regency is a freehold condominium development with 2 towers. This project is developed by Alpha Astral, and it offers six types of units, from studio to 4-bedroom duplexes (Type A to Type F). So, it caters to various purchasers, from singles to families.
Greenfield Regency is developed for residents to live in a safe and comfortable place; one that comes with a good range of facilities and convenience. Be it a busy professional, or a family looking to put roots down in an affordably priced unit, Greenfield Regency could be a good fit.
The developer offered early bird packages when its final tower was open for registration, and Greenfield Regency was completed in 2014.
Address: Taman Tampoi Indah, Johor Bahru, 81200 Johor
Developer: Alpha Astra Sdn Bhd
Property Type: Serviced Apartment
Land Title: Residential
No. of Blocks: 2
No. of Storeys:
Total Units: 561
Tenure: Freehold
Sales Gallery:
Year of Completion: 2014
Built-up Area: 485 sq ft – 2,160 sq ft
Facilities:
- Gymnasium
- Jogging track
- Playground
- Swimming pool
- Wading pool
- Reading room
- Multi-purpose hall
- Yoga deck
- Tennis court
- Basketball court
Launch Price: From RM129,198
Launch Price Per Sq Ft: About RM250 per sq ft
Maintenance Fee: RM0.22 per sq ft
Project Details
Greenfield Regency comprises 2 towers, with a total of 561 units. Built-up areas of the units range from 485 sq ft to 2,160 sq ft, while the types are studio, 3-room family suite, 4-room family suite, studio duplex, 3-room duplex, and 4-room duplex. The smallest unit is the studio, while the largest is the 4-room duplex.
Facilities at Greenfield Regency include a swimming pool, wading/lap pool, children’s pool, gymnasium, reading room, cafe, convenience shop, games and snooker room, multi-purpose hall, children’s playground, yoga deck, jogging track, tennis court, and basketball court.
The development also features landscaping and 24-hour security.
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Unit Types |
Built-Up |
Launch Price |
|
Type A |
· 485 sq ft · Studio |
From RM129,128 |
|
Type B |
· 940 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C |
· 1,183 sq ft · 4 bedrooms · 2 bathrooms |
|
|
Type D |
· 770 sq ft · Studio duplex |
|
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Type E |
· 1,630 sq ft · 4 bedrooms · 3 bathrooms |
|
|
Type F |
· 2,160 sq ft · 4 bedrooms · 3 bathrooms |
|
Location
Greenfield Regency is about 15 minutes to Bukit Indah, the Johor Bahru CIQ (Customs and Immigration Quarantine Complex), and the Woodlands Checkpoint. The roads through which residents of Greenfield Regency can get to different areas include Jalan Skudai, Pasir Gudang Highway, and Jalan Sutera Danga.
Jalan Skudai Lama is linked to Jalan Skudai and Jalan Sutera Danga, and that puts residents with easy connectivity to Pasir Gudang Highway, Eastern Dispersal Link Expressway (EDL), and the North-South Highway.
There are several schools close to Greenfield Regency. This would bode well for family with school-going children. The schools are Taman Bukit Merah National School, Tampoi Utama National School, and Kuo Kuang 2 Chinese School. As for higher learning institution, Greenfield Regency is about 10 minutes to Southern University College.
Other amenities close to Greenfield Regency are shop lots, restaurants, clinics, petrol stations, motor workshops, convenience stores, launderette, and banks. Sutera Mall is also just about 3 minutes away, and even closer is Paradigm Mall Johor Bahru, which is just across the road, Jalan Bertingkat Skudai. Greenfield Regency is also near Iskandar Development (Danga Heights).
With the plethora of amenities around Greenfield Regency, residents can get their daily needs met, be it banking or shopping, within a 3km radius. Although there are no train stations in the immediate vicinity of Greenfield Regency, buses and taxis are readily available.
Accessibility
- Jalan Skudai
- Pasir Gudang Highway
- Jalan Sutera Danga
- Johor Bahru Eastern Dispersal Link Expressway (EDL), linked to the North-South Expressway (NSE)
- Sultan Iskandar Customs, Immigration and Quarantine (CIQ)
- Senai International Airport
Education
- Sekolah Kebangsaan Taman Bukit Merah
- Sekolah Kebangsaan Taman Tampoi Utama
- Kuo Kuang 2 Chinese School
- Southern University College
- PLC Training Centre Malaysia
- Wawasan Open University
- Hospitality Institute of YPJ
Medical Care
- BP Healthcare
- Hospital Permai Johor Bahru
Shopping
- Paradigm Mall Johor Bahru
- Kipmall Tampoi
- Perling Mall
- Sutera Mall
- Giant hypermarket Tampoi
- Pasar Malam Taman Dahlia
- AEON Bukit Indah
- Tesco Bukit Indah
Recreation
- YC Sports Centre
- Hot Sports Arena
- Taman Dahlia
- Damai Sri Skudai Sports Center
- Sea Dragons Aquatic Academy
- Bukit Indah Recreation Park
- Horizon Hills Golf & Country Club
Analysis
The key selling points of this property are its strategic location and the availability of a range of facilities and amenities. There are ample amenities located in the vicinity of Greenfield Regency to cater to the needs of its residents, complementing the in-house facilities.
As Greenfield Regency is close to Southern University College, this could attract investors to rent out to students and staff of the university college, and individuals who work at Paradigm Mall.
However, there are also a handful of apartments such as Sri Akasia Apartment, Sri Kenari Apartment, Taman Tampoi Utama Flat, Park Avenue Apartment, Sri Wangi Apartment, Lily & Jasmine Apartment, and Flat Sri Indah. In this mix also sits Villa Ros, a freehold townhouse development.
The sale price of a 941 sq ft Greenfield Regency unit listed on PropertyGuru in March 2021 is from RM320,000 to RM360,000. Meanwhile, rent is between RM1,300 and RM1,600 per month. Based on these figures, the approximate gross rental yield is as below:
- Purchase price: RM345,000
- Rent out: RM1,400 per month
- Gross rental yield: About 86% per annum
Here’s a quick look at residential properties in Johor.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Greenfield Regency by Alpha Astral Sdn Bhd |
Freehold |
Serviced Apartment |
2014 |
485 sq ft – 2,160 sq ft |
From RM129,128 |
|
Parc Regency by Mayland Projects |
Freehold |
Serviced Residence
|
2015 |
810 sq ft – 1,010 sq ft |
From RM208,817 |
|
Wave Serviced Apartment by IOI Properties |
Freehold |
Serviced Apartment |
2017 |
526 sq ft – 1,344 sq ft |
From RM407,447 |
|
The Astaka @ One Bukit Senyum by Astaka Holdings |
Freehold
|
Condominium |
2018 |
2,207 sq ft – 5,554 sq ft |
From RM1,710,000 |
|
Freehold
|
Serviced Residence
|
2019 |
From 490 sq ft
|
From RM307,250
|
|
|
Bora Residences @ Tropicana Danga Bay by Tropicana Corporation Berhad |
Freehold |
Condominium
|
2019 |
694 sq ft – 3,443 sq ft |
From RM700,000 |
|
Freehold |
2-storey terrace houses |
2025 |
1,701 sq ft – 2,239 sq ft |
From RM600,000 |
Summary
This residential property is aimed at different categories of residents including families and young professionals, as there’s something for everybody within a short walk or drive. Although the developer is relatively unknown, one can easily pop by to take a look at the development’s current condition. If you’re new to purchasing sub-sale property, take a look at this: 10 Simple Steps To Buying A Subsale Property In Malaysia
So, if you’re interested in a 941 sq ft unit at Greenfield Regency that’s priced at RM345,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM34,500
- Loan amount: RM218,700
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM946
- Approximate required gross annual income: RM38,000*
You can change the figures with these easy-to-use calculators:
Want to find out your Debt Service Ratio (DSR)? Use the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.
* Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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