The development is conceptualised as a resort-style condominium with environment-friendly features.
Continue Reading ⋅ 10 February 2020
The leasehold Koi Prima is built on 7.9 acres, with a gross development value (GDV) of RM450 million. It is a high-density condominium located at Taman Putra Prima, Puchong, and developed by Masteron Sdn Bhd.
At Koi Prima, there is a 1.5-acre park where the residents can enjoy the serene environment. There is a clubhouse, a snooker and gaming room, karaoke lounge, café, barbeque area, and launderette facility too.
Koi Prima aspired to deliver “a home in the suburbs” feel to its residents by featuring an open landscape, with thematic hanging gardens, and natural ventilation on selected floors. 45% of the podium level is dedicated for landscaping and facilities.
The water features at the condominium also lend a more natural feel to the development. There are also swimming pools, children’s pool with water slides, an outdoor jacuzzi, and a koi pond.
Address: Jalan Puchong, 47100 Selangor
Developer: Masteron Sdn Bhd
Property Type: Condominium
Land Area: 7.9 acres
Land Title: Residential
No. of Blocks: 4
No. of Storeys: 29
Total Units: 1,283
Tenure: Leasehold
Sales Gallery: Masteron Gallery @ Koi Prima, L1-11, Block C, Koi Prima, Jalan Pinggiran Mas, Taman Mas Langat, 47130 Puchong, Selangor.
Year of Completion: 2015
Built-up Area: 1,055 sq ft – 1,098 sq ft
Facilities:
- Clubhouse
- 5 acre park
- Jogging track
- Outdoor gymnasium
- 2 tennis courts
- Swimming pool & wading pool
- Outdoor jacuzzi
- Snooker / games room
- Karaoke lounge
- Children’s playground
- Barbeque area
- Event / multi-purpose hall
- Cafe
- Launderette
- Nursery / kindergarten
- Themed gardens
- Koi pond
Launch Price: From RM371,400
Maintenance Fee: RM0.22 per sq ft
Project Details
Koi Prima condominium comprises 4 blocks of 29 storeys, and that adds up to 1,283 units. The built-up sizes are from 1,055 sq ft to 1,098 sq ft and all units come with 3 bedrooms.
Koi Prima provides facilities such as a clubhouse, 1.5-acre park, jogging track, outdoor gymnasium, tennis courts, swimming pool and wading pool, outdoor jacuzzi, snooker / games room, karaoke lounge, children’s playground, barbeque area, event / multi-purpose hall, cafe, launderette, kindergarten, themed gardens, and koi pond.
So, that’s a decent list of facilities, but do bear in mind that these will be shared by many occupants.
There are 12 units per floor, with hanging garden, which is a nice and unique touch. The launch price started from RM 371,400 and goes up to RM 408,300, while the maintenance fee is at RM 0.22 per sq ft.
For the early bird promotion, the developer offered a margin of finance of up to 95%, free legal fees for the SPA, and 7% discount for Bumiputera purchasers. Free kitchen cabinets and 2 air conditioning units were included in the units. Each unit was also given 2 car parks.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A1 |
· 1,098 sq ft · Corner unit · 3 bedrooms · 2 bathrooms · 2 car park |
From RM371,400 |
|
Type A2 |
· 1,055 sq ft · Intermediate unit · 3 bedrooms · 2 bathrooms · 2 car park |
Location
Koi Prima condominium is highly connected as it is located near several highways, including the KL-Seremban Highway, Lebuhraya Bukit Jalil, Jalan Puchong, Lebuhraya Damansara-Puchong (LDP). Plus, this condominium is approximately 2km to the Puchong Prima LRT station.
Aurora Residence is located close to Koi Prima, and both projects are by the same developer, Masteron Group. Koi Prima was completed in 2015, while Aurora Residence was completed in 2017. Within a few short kilometers from Koi Prima, residents can find many convenience stores, schools, hospitals, and more. Take a look at the list below.
Accessibility
- KL-Seremban Highway
- Lebuhraya Bukit Jalil
- Jalan Puchong
- Damansara-Puchong Expressway (LDP)
- LRT Station 11 – Puchong Prima / Lake Side City
Education
- SMK Puchong Permai
- SK Puchong Perdana
- SMK Puchong Batu 14
- SJK (C) Sin Ming
- SJK (C) Han Ming
- Binary University College of Management & Entrepreneurship
- RIMA International College
- KFCH International College
- Limkokwing University
- Multimedia University
Medical Care
- Columbia Asia Hospital
- KPMC Puchong Specialist Center
Shopping
- Tesco
- Giant
- AEON Big
- IOI Mall
- Setia Walk Mall
Recreation
- Kinrara Golf Club
- Bukit Jalil National Stadium
Analysis
As for Puchong’s plus points, it is a relatively lively area with many food choices. Buyers of residential developments in Puchong are mostly homeowners, and investors are mainly Malaysians as the area does not attract many foreigners.
Property experts believe that Puchong has great prospects, mainly thanks to the LRT extension. Puchong has traditionally been a middle-class area. The completion of the LDP in the late 1990s, has lent to the growth of Puchong.
The highway led to the birth of developments from the Sunway toll plaza to Universiti Putra Malaysia in Seri Kembangan, and it connects to the South Klang Valley Expressway (SKVE). These highways, together with the LRT, have enhanced the accessibility of this area. However, there are frequent flash foods during heavy downpours, especially in the area around IOI Mall.
The sale price of a 1,055 sq ft unit listed on PropertyGuru in March 2021 is from RM339,000 to RM370,000. On the other hand, rent is between RM1,100 and RM1,400 per month. Here’s its gross rental yield:
- Purchase price: RM350,000
- Rent out: RM1,100 per month
- Gross rental yield: About 77% per annum
Here’s a quick look at residential properties in or close to Puchong Prima.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Koi Prima by Masteron Group |
Leasehold |
Condominium |
2015 |
1,055 sq ft – 1,098 sq ft |
From RM371,400 |
|
Desa Impiana by Mitrajaya Holdings Bhd |
Freehold |
Condominium & Duplex |
2007 |
980 sq ft – 1,988 sq ft |
Duplex: RM251,988 – RM399,988 |
|
Freehold |
Serviced Residence |
2014 |
795 sq ft – 1,173 sq ft |
From RM275,130 |
|
|
Leasehold |
Duplex |
2015 |
2,422 sq ft – 4,370 sq ft |
RM939,800 – RM1,585,800 |
|
|
SkyPod Residences by IOI Properties |
Freehold |
Serviced Residence |
2015 |
634 sq ft – 1,248 sq ft |
From RM430,000 |
|
Leasehold |
Serviced Condominium |
2017 |
1,824 sq ft – 2,620 sq ft
|
RM480,000 – RM680,000 |
|
|
Leasehold |
Condominium |
2017 |
859 sq ft – 2,357 sq ft
|
RM480,000 – RM1.2 million |
|
|
Freehold |
Terrace |
2020 |
2,305 sq ft – 3,396 sq ft
|
From RM928,000
|
|
|
Vista Millennium Condominium by Millennium Land Sdn Bhd |
Leasehold |
Condominium |
N/A |
850 sq ft – 1,800 sq ft |
From RM161,000 |
|
Leasehold |
Serviced Apartment |
2021 |
545 sq ft – 1,063 sq ft
|
From RM250,000 |
|
|
Freehold |
Serviced Residence |
2024 |
813 sq ft – 1,845 sq ft
|
From RM541,800 |
Summary
There are many who view Koi Prima as a quality development even though it is located further inside in Puchong. On the other hand, some would say that it is expensive given that it is more secluded.
Overall, the population there is expected to grow more as there are several projects in the same vicinity, developed by Masteron as well. They include Koi Kinrara, D’Aman Residence, Lake Side City, Sentral Vista, Calisa Residences, Koi Legian, and Koi Tropika.
If you’re interested in a 1,055 sq ft unit at Koi Prima that’s priced at RM350,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM35,000
- Loan amount: RM315,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM1,362
- Approximate required gross annual income: RM54,500*
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. The basic rule is that banks usually loan up to 30% of your gross annual income.
Want to change the loan figures? Use these 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.
Keep browsing Malaysia’s largest property site for more project reviews.
