Cova Villa

Jalan Teknologi 2/1, Cova Square Kota Damansara

About this project

Located in Kota Damansara, Cova Villa is a serviced apartment project developed by Pharma Exel Sdn Bhd, a subsidiary of Andaman Group. 

The leasehold development is part of Cova @ Kota Damansara, an integrated development comprising Cova Suites and Cova Square business centre.

<h3>Location</h3>

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.

<h3>Analysis </h3>

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%.
Property Type
Hotel/Service Apartment
Total Units
346
Tenure
Leasehold
Land Area
10.86 sqft

Facilities & Amenities

  • done
    Swimming Pool
  • done
    Fitness Centre
  • done
    Jogging Track
  • done
    Park and Garden
  • done
    Banquet Hall
  • done
    Eatery and Bar
  • done
    Nursery
  • done
    Others

Location

View map

Past Transactions

Transaction DateAddressBuilding TypeFloorsLot SizePrice PsfPrice

Historical Monthly Price Range & Volume

Profitability

Profitable Transactions (Limited to 5 Total of 23 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
13 Sep 1124 Aug 192,852 ft²351290210,0003
29 May 0702 Mar 181,055 ft²473288195,2004.7
08 Nov 1322 Nov 171,238 ft²42036470,0003.6
19 Jul 1030 Dec 161,270 ft²551335275,0008
18 Apr 1417 Sep 151,259 ft²49248010,0001.2

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 OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
30 Oct 1323 May 181,055 ft²379427-50000-2.5
24 Mar 1722 Feb 181,249 ft²513513--
02 Sep 1308 Mar 151,055 ft²393436-45000-6.6
05 Apr 1302 Sep 131,055 ft²436479-45000-20.3
04 May 1314 Aug 131,055 ft²389389--

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%
Monthly Installment

RM 0 ±

Mortgage Provided by Hong Leong Bank

Maintenance Fees

RM 0 ±

RM 0 psf (0 sq ft)

Total Monthly Expenses

RM 0 ±

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Disclaimer

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