• Pavither
  • 16 March 2021

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.

Koi Prima condominium comprises 4 blocks of 29 storeys, and that adds up to 1,283 units.

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.

ZUFP.99121550.R800X800 ZUFP.99121561.R800X800 ZUFP.99121562.R800X800

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.

The built-up sizes are from 1,055 sq ft to 1,098 sq ft and all units come with 3 bedrooms.

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

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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.

Koi Prima condominium comprises 4 blocks of 29 storeys, and that adds up to 1,283 units.

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
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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 built-up sizes are from 1,055 sq ft to 1,098 sq ft and all units come with 3 bedrooms.

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

The Wharf Residence by Bolton Bhd

Freehold

Serviced Residence

2014

795 sq ft – 1,173 sq ft

From RM275,130

280 Park Homes by Mitrajaya Homes Sdn Bhd

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

Aurora Residence by Masteron Sdn Bhd

Leasehold

Serviced Condominium

2017

1,824 sq ft –  2,620 sq ft

 

RM480,000 – RM680,000

Elevia Residences by Symphony Life

Leasehold

Condominium

2017

859 sq ft – 2,357 sq ft

 

RM480,000 – RM1.2 million

Topaz at Taman Putra Prima by Plenitude Property

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

LBS Skylake Residence by LBS Bina

Leasehold

Serviced Apartment

2021

545 sq ft – 1,063 sq ft

 

From RM250,000

The Pulse Residence by BRDB

Freehold

Serviced Residence

2024

813 sq ft – 1,845 sq ft

 

From RM541,800

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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.

The built-up sizes are from 1,055 sq ft to 1,098 sq ft and all units come with 3 bedrooms.

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. 

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Eric Wong

Pavither

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