Koi Kinrara (condominium / service apartment) at Puchong , Bandar Puchong Jaya

Koi Kinrara, Bandar Puchong Jaya

Koi Kinara is a serviced apartment located on the Kinara side of Bandar Puchong Jaya. It is a large development located on freehold land, comprising of 1000 units, all of which are competitively price. The developer is Lingkaran Naga.
There are 4 towers at Koi Kinara as part of this development, however only 2 of these phases are currently available for sale. 1 tower has already been completed, and comes in 3 different type of built-up sizes – 908, 1,056, and 1,405 sf. The starting launch price was RM147,000.
The smallest type of unit (Type C – 908 sf) has 2 bedrooms and 2 bathrooms. As you can imagine, the kitchen and yard is small, and opens out into the dining area. Type B (1,056 sf) has 3 bedrooms and 2 bathrooms with a longer yard but a kitchen size similar to Type C. The largest is Type A at 1,405 sf and has larger spaces, and a powder room. There are no balconies, however there are numerous windows to make the units seem roomy and spacious. There are 240 of these units available.
In the next phase of Koi Kinara, there are 500 units available. They are 3 bedroom, 2 bathroom and have a built-up size of 1,063 sf to 3,164 sf. The deluxe penthouse (3,164 sf) has a private roof top garden. There are 20 floors, with 12 units per floor. The layouts are pretty much the same, except there is only a minor difference in the location of the rooms. The prices range from RM250,500 to RM793,500. This tower is expected to be completed in 2012.
Facilities at Koi Kinara include cafeteria, restaurants, retail outlets, mini-market, laundry, mini-reading room, squash courts, gym, sauna, swimming pool, wading pool, business centre, function room, children’s playground, a koi pond, and a BBQ area. There is also 24-hour gated and guarded security here.
Location wise, Koi Kinara is easily accessible to the LDP, KESAS, Elite, and NPE highways. As it is located in the heart of Puchong, it is close to a number of facilities such as Taylors College, Binary University College, Sunway Medical Centre, Colombia Hospital, Tesco, Giant, IOI Mall, Jaya Jusco, Sunway Pyramid, Kinara Golf Club, and Bukit Jalil Golf Club.

Property Details

• Name: Koi Kinara
• Address: Jalan Merbuk, Bandar Puchong Jaya
• Developer: Lingkaran Naga
• Completion Date: 2012 (all phases)
• Type: Serviced Apartment
• Tenure: Freehold
• No. of Blocks: 4
• No. of Units: 1,000
• Built-up
  • Phase 1: 908 sf – 1,405 sf
  • Phase 2: 1,063 sf to 3,164 sf
• Maintenance Fee: RM0.15 psf
• Launch Price
  • Phase 1: From RM147,000
  • Phase 2: From RM250,500

Facilities

• 24-hour security
• Cafeteria & restaurants
• Retail shop
• Mini market services
• Laundry
• Mini reading room
• Squash court
• Gymnasium room
• Sauna room
• Infinity room
• Wading pool
• Business centre
• Function room
• Children’s playground
• BBQ pit

Market Trends

Analysis

Koi Kinara in Bandar Puchong Jaya are competitively priced for serviced apartments. In addition, it is jam packed with facilities and is also located nearby Puchong’s township amenities such as universities, shopping malls, and more. The maintenance fees at RM0.15 psf are also reasonable.
On the other hand, there are 1,000 units which makes this a high density complex. In addition, car park space is a potential issue as only those staying in the higher levels have a covered car park, while those staying in the lower levels only have an open car park space (i.e non-covered).
Another negative of Koi Kinara is that there is talk that a local school nearby may turn into a cemetery, and that some report that it is also near sewerage tanks which could account for the highly competitive price tags for these units.
source : propwall.my/bandar_puchong_jaya/koi_kinrara