Cova Villa
About this project
Cova Villa is surrounded by high-density residential and mature areas, such as Bandar Utama, Damansara Perdana, Taman Tun Dr Ismail, Damansara Jaya, Damansara Utama and Mutiara Damansara. The project is situated in the vicinity of International University College of Arts and Science (IUCAS), SEGi College, The TreeHouse Islamic Playschool and Sri KDU School, and only 10 to 15 minutes driving distance away from shopping complexes like 1 Utama, The Curve, Ikano Power Centre and Ikea. It is also close to leisure and medical facilities such as the Cathay Cineleisure, Selangor Polo and Country Club, Tropicana Golf and Country Club and Tropicana Medical Centre. It can be accessed through numerous highways, namely New Klang Valley Expressway (NKVE), Damansara-Puchong Highway (LDP), North-South Expressway (NSE), SPRINT and Penchala Link Highways. Analysis
The property in the vicinity of education institutions will always be in demand due to the constant infusion of new students. As such, Cova Villa is poised to offers decent rental returns to owners as the project will reap the benefits from SEGi College, IUCAS, The TreeHouse Islamic Playschool and Sri KDU School. Furthermore, the shopping malls and amenities nearby will offer residents a very convenient way to get their necessities without travelling very far. However, the project might not be suitable for family living due the minimalist design targeted for student rental. And because of this, one might have to bear with students who are sometimes messy and rowdy in the building. Meanwhile, the flip side of being well-connected to a few major highways is traffic congestion, especially during peak hours. According to data from TheEdgeProperty.com as at end-June 2016, from the period of 1Q2012 to 2Q2016, the highest average transacted price for Cova Villa was recorded in 1Q2016, at RM550,000. The 22 listings from TheEdgeProperty.com as at Nov 18, 2016 showed that the average asking price was RM452 psf while the 31 listings on the portal showed that the average asking monthly rent was RM1.80 psf. The indicative rental yield is 4.77%.
Facilities & Amenities
Swimming Pool- Fitness Centre
- Jogging Track
- Park and Garden
- Banquet Hall
- Eatery and Bar
- Nursery
- Others
Location
Past Transactions
| Transaction Date | Address | Building Type | Floors | Lot Size | Price Psf | Price |
|---|
Check out all transactions.
Historical Monthly Price Range & Volume
Profitability
Profitable Transactions (Limited to 5 Total of 23 Transactions)
| Bought On | Sold On | Area (sqft) | Sale Price (RM sqft) | Buy Price(RM sqft) | Profit (RM) | Growth (%) |
|---|---|---|---|---|---|---|
| 13 Sep 11 | 24 Aug 19 | 2,852 ft² | 351 | 290 | 210,000 | 3 |
| 29 May 07 | 02 Mar 18 | 1,055 ft² | 473 | 288 | 195,200 | 4.7 |
| 08 Nov 13 | 22 Nov 17 | 1,238 ft² | 420 | 364 | 70,000 | 3.6 |
| 19 Jul 10 | 30 Dec 16 | 1,270 ft² | 551 | 335 | 275,000 | 8 |
| 18 Apr 14 | 17 Sep 15 | 1,259 ft² | 492 | 480 | 10,000 | 1.2 |
Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 18 more profitable transactions.
Unprofitable Transactions (Limited to 5 Total of 8 Transactions)
| Bought On | Sold On | Area (sqft) | Sale Price (RM sqft) | Buy Price(RM sqft) | Profit (RM) | Growth (%) |
|---|---|---|---|---|---|---|
| 30 Oct 13 | 23 May 18 | 1,055 ft² | 379 | 427 | -50000 | -2.5 |
| 24 Mar 17 | 22 Feb 18 | 1,249 ft² | 513 | 513 | - | - |
| 02 Sep 13 | 08 Mar 15 | 1,055 ft² | 393 | 436 | -45000 | -6.6 |
| 05 Apr 13 | 02 Sep 13 | 1,055 ft² | 436 | 479 | -45000 | -20.3 |
| 04 May 13 | 14 Aug 13 | 1,055 ft² | 389 | 389 | - | - |
Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 3 more unprofitable transactions
Affordability
- Down Payment (10%)RM 0
- Loan Amount (%)RM 0
- Tenure Years0 Years
- Interest Rate0%
- Loan Amount 90%
- Down Payment 10%
RM 0±
Mortgage Provided by Hong Leong Bank
RM 0 ±
RM 0 psf (0 sq ft)
RM 0±
Disclaimer
The Analytics are provided “AS IS” and we do not warranty as to its accuracy. We are not responsible or liable for any claims, damages, losses, expenses, costs or liabilities whatsoever. Please seek professional advice before relying on the Analytics. The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us. We reserve the rights to modify, alter, delete or withdraw the Analytics at any time without notice to you. All news, information, contents and other material displayed on the Website and Services including the Postings are for your general information purpose only and are no substitute for independent research and/or verifications and should not be regarded as a substitute for professional, legal, financial or real estate advice.
