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Continue Reading ⋅ 30 January 2023
In the township of Seri Kembangan is a relatively new neighbourhood by the name of Taman Bukit Serdang. This is the product of a small time developer in Malaysia, by the name of Bukit Ciri Sdn Bhd. While this developer is comparatively obscure in Malaysia, there has been no complaints that can be found on the quality of their development so far.
Taman Bukit Serdang is a development of landed properties, which offers a rather low density in a central location of Seri Kembangan. This development was completed in the year 2007.
Address: Taman Bukit Serdang, 43300 Seri Kembangan, Selangor
Property Type: Terrace
Land Title: Residential
No of Storeys: 2
Total Units: 84
Tenure: Leasehold
Site GPS Coordinates: 3.027238, 101.693000
Expected Date of Completion: 2007
Built-up area: From 1,900 sq ft
Subsale Price: From RM1,620,000
Parking Bay/s per Unit: 2
Project Details
Taman Bukit Serdang is a popular and matured housing development in the township of Seri Kembangan. It comprises of double storey terrace houses that were completed in the year 2007, in a residential area with residential title. The houses however carry a leasehold title, which may affect its subsale prices. On the plus point, these homes do enjoy a low density of a total of only 84 units.
The homes in Taman Bukit Serdang are very spacious, with the smallest unit being 1,900 sq ft. The prices also reflect their desirability, at a minimum subsale price of RM1,620,000. These homes were well built with 9-inch thick soundproof walls. And the homes also originally came with 2 units of air-conditioners and solar powered water heaters.
Location
Residents of Taman Bukit Serdang have the advantage of being located in a matured development, where a big side benefit of the maturity of its location is its easy connectivity. There is a comprehensive network of highways that residents of Taman Bukit Serdang will enjoy easy access to. These include the KL-Seremban Highway, BESRAYA Highway, Shah Alam Expressway (KESAS), and North South Highway (PLUS). Also a short drive away is the Maju Expressway (MEX), Kajang Dispersal Link Expressway (SILK), and SMART tunnel.
Via these roads, residents will find it very easy to get around to the other suburbs. For example, the Kuala Lumpur city centre is only 20 kilometres away from Taman Bukit Serdang. Some of the popular suburbs closer to home is Sri Petaling, only 20 minutes away. Locals love this place as it hosts some of the most popular F&B outlets in the Klang Valley, aside from many karaoke outlet choices. There is Bukit Jalil as well, another popular residential area that is only 7 kilometres away.
Close to home there is the Kingsgate International School for early education, and nearby The Mines in less than 4 kilometres away is the Australian International School of Malaysia. About 7 kilometres away in Taman Equine is The Alice Smith School.
Lifestyle malls close by are Mines Resort, and Mines Shopping Complex. There is also the Giant hypermarket and Carrefour at Endah Parade for affordable household grocery shopping, and bulk purchase prices, there is the Pasar Borong Selangor.
Analysis
|
Name |
Tenure |
Unit Size |
Approx Start Price per Unit |
|
Taman Bukit Serdang, Seri Kembangan |
Leasehold |
From 1,900 sq ft |
From RM1,620,000 |
|
Sunway Eastwood Premium Collection |
Leasehold |
3,193 sq ft |
From RM2.5 million |
|
SIERRA 6, 16 Sierra (2 and 3 Storey Superlink) |
Leasehold |
From 2,798 sq ft |
From RM1.2 million |
Pros
Taman Bukit Serdang is a great development for own stay. It seems to have further potential for price appreciation as the area is still continuously developing, with new property projects coming up in the surrounding neighbourhoods. Its connectivity to a comprehensive network of highways also plays to its advantage of price appreciation.
Cons
Living in Taman Bukit Serdang is certainly advantageous, but subsale buyers may be at a disadvantage due to the property’s leasehold title. As the property was completed in the year 2007, assuming the property has a 99-year leasehold title, as of the year 2019 there is only 87 years left to the lease. This will affect the subsale price as the lease period becomes shorter as the years go by.
Summary
In short, if you are looking to buy a home in Taman Bukit Serdang for your own stay, then the price you pay is certainly worth every penny. You will get a home that is conveniently located in a matured township. However, if you are looking to purchasing a property here as an investment, you may want to rethink it as the price will depreciate over time due to its leasehold title.
If the property buyer takes out an RM1,296,000 loan (80% LTV) with an interest rate of 4.6% that is payable in 30 years to purchase an RM1,620,000 unit in Taman Bukit Serdang, the monthly instalment will work out to about RM6,644.
As per experts’ advice that a person’s monthly mortgage repayment should not exceed 30% of their salary, a buyer will need a minimum income of RM22,147 per month to be able to afford a unit at Taman Bukit Serdang.
