Puteri Palma 1

  • Property Type
    Condominium/Apartment
  • Tenure
    Freehold
  • Street Name
    SKVE, IOI Resort, Seri Kembangan
  • District / Planning Area
    Putrajaya
  • Completion
    1998
About Puteri Palma 1

Puteri Palma 1 is part of the IOI Resort development in Putrajaya. One of the many developments of IOI Properties Bhd, this property was completed in 1998 on prime freehold land and is surrounded by modern hospitals, universities, international schools, outdoor activity centres, avant-garde shopping malls, government and commercial offices and equipped with a host of exclusive amenities. Its main attraction lies in its Mediterranean resort setting, where it merges rustic country tranquility with modern city conveniences, while being nestled on a challenging world class golf course. This low- and medium-rise development has breathtaking views of the surrounding 18-hole Palm Garden Golf Course, Le Meridien-Putrajaya Hotel, IOI City Tower offices and secondary forest. The facades of white and peach colours, terracotta red roof tiles, cascading waterfall and swimming pools with landscaped flora are evergreen characteristics that set the tone for this low-density development. Access to this paradise-like development is well-supported by the South Klang Valley Expressway and KL-Seremban Highway besides main roads like Persiaran Utara and Persiaran Putrajaya. These will bring you to the KL city centre within 20 minutes. Hotels like Putra Shangri-La Malaysia, the Marriot and Palm Gardens are all a short drive away as well as shopping centres like Alamanda, IOI City and Suria Putrajaya malls. Alice Smith International, Nexus World and Tanarata International are some of the international schools close by. SMK Precinct 14, Universiti Perdana, Universiti Putra and Universiti Tenaga Nasional are within 7 to 13 minutes’ driving distance away. Serdang Hospital is 6 minutes by car and the Malaysia Agro Exposition Park takes just a minute more. Frequent travellers will find living here convenient as it takes only 30 minutes to reach KLIA. Puteri Palma 1 considered a value-for-money investment as the property has all the essential amenities close at hand and important places within a short driving distance. There is no overcrowding or over-development where every family and individual has his or her own space. The Mediterranean resort-like atmosphere with its palm trees and panoramic views is in a class of its own and will continue to attract the rental market too such as expatriates working in KL. There will also be many takers like office workers from Cyberjaya and its many multi-national companies, not to mention golf and nature enthusiasts. Despite the impressive design, prices are not overinflated. This means that these residences will not only retain their value but will continue appreciating over the years.

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Profitable Transactions (Limited to 5 Total of 15 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
06 Dec 1128 Dec 181,518 ft²451362135,2003.2
03 Jun 1318 Jul 181,281 ft²39037520,0000.8
23 May 1228 Jun 181,798 ft²46742773,2001.5
09 Sep 1110 Apr 171,668 ft²533427177,2004.1
26 Sep 1310 Nov 161,518 ft²494356210,20011.1

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 10 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 6 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
10 Mar 1726 Mar 191,410 ft²425496-100000-7.3
19 Nov 1319 Dec 132,669 ft²315324-22000-26.9
07 Jun 1211 Aug 121,528 ft²406406-1000-
27 Feb 0830 May 121,615 ft²325197--
16 May 1128 May 111,798 ft²395395-1000-4.2

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 1 more unprofitable transactions

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