For HH, the land and built-up price per square foot for the same type of properties for the new launch are always higher than the previous launch.
So for the intermediate terrace, for example, how comes price per square foot (when looking at the lot size and built-up size) is cheaper in the Greens precinct (the newer launch) than at least the most recent two lauches of the Hills precinct.
Any Bros and Sis here have any comments?
Hi Mathstub,
Actually Greens is priced higher than Hills.
You have complicated the maths (pun intended ) by trying to figure around the unbuilt portion of the land. Put aside that part, because ratio-wise the unbuilt areas are same for any intermediate house. So what is relevant is built-up area. It is what drives the costs and thus, the prices.
Lets take intermediate terrace to make apple-to-apple comparison.
Hills was first launched in 2010, at around RM220psft for 3000sqft built-up. In its latest launch in end 2011, that was set at a much higher RM270psqft (+22%)!
Greens launch now for 2200 sqft at about RM275psft = RM600k. Thus the indicative price range.
And you can see that the pricing of Greens is not by marketing positioning, but rather just taking advantage of the growing demand for the area.
Hope it clarifies for you and be assured of your investment ...
Happy weekend buddy!
PS: Disclaimer-I do not work for Gamuda nor UEM nor any real estate agency nor Iskandar.
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