Sri Alpinia is a freehold medium cost low-rise apartment located in the township of Bandar Puteri Puchong. The apartment is surrounded by other high rises and residential developments such as Sri Cassia, Aseana Puteri, Casa Puteri and Bandar Puteri 8, with its developer being IOI Properties. Sri Alpinia comprises of four blocks of 5-storey walk-up apartments. Each unit has a standard built-up size of 780 sf, housing 3 bedrooms and 2 bathrooms. Prices of these homes have risen noticeably in the recent years. In 2011, prices of these units were between RM125,000 to RM200,000. Three years down the line in 2014, prices have increased to between RM235,000 to RM310,000.Being one of the older condominiums in the area, Sri Alpinia is a fully occupied development with not many units in the market for sale. As such, those that make it to the market come partially furnished with built-in kitchen cabinets and wardrobes, sanitary wares in the bathrooms and light and fan fixtures.Being a medium low cost apartment, Sri Alpinia does not provide many facilities. Amongst the basics that they provide its residents with is an open air parking lot as well as a children's playground. Safety of the residents are ensured by the 24-hour security who man the guard house, and round the apartment.Strategically located in a matured neighborhood of Bandar Puteri Puchong, Sri Alpinia is mere minutes away from an abundance of amenities. There are schools (SRA Pusat Bandar Puchong, SK Pusat Bandar Puchong 1, SMK Puchong, SK Puchong Utama and SRJKC Han Ming), mosque (Masjid Al-Husna), hospital (Columbia Asia Hospital) and sports facilities (Michael’s Badminton Association (MBA) and Rakan Muda Sports Complex). In addition, Bandar Puteri Puchong is also garnished with a commercial component that comprises of the Bazaar 1, Dataran Puteri, Puteri Mart and Puteri Square. These commercial centers offer vast array of restaurants, specialty stores and groceries. Plus, Sri Alpinia is just mere 10 minutes drive to Tesco and Giant hypermarkets and IOI Mall. There is extensive network of roads and highways that connect Sri Alpinia to places. The apartment can be easily accessible via Jalan Puchong which connects to Damansara - Puchong Highway (LDP), South Klang Valley Expressway (SKVE) and Kesas Highway. The closest form of public transportation is a bus stop approximately 4 kilometres away at the SRJK LDP school.
Property Details
Name: Sri Alpinia Address: Persiaran Indera, Bandar Puteri, 47100 Puchong, Selangor Developer: IOI Properties Type: Apartment Tenure: Freehold No. of Blocks: 5 No. of Storey: 5 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 780 sf Subsale Price: From RM235,000 – RM310,000 Rental: From RM900 – RM1,300Facilities
Parking 24-hour security Children playgroundAnalysis
Parking lots at Sri Alpinia is insufficient, as each unit is only allocated one parking lot. As each unit owns at least two cars, the roads outside the apartment are usually full and congested with the additional cars that do not have a parking spot within the apartment grounds.In terms of pricing, the market price of Sri Alpinia was stagnant from 2008 to 2011 with starting selling prices of RM110,000 whereby the lower floors are pricier than the higher floors. Prices have been rising in the recent years, but it seems to barely only keep up with the inflation rate.However, compared to nearby apartments, Sri Alpinia is among the cheapest ones in the vicinity. If you have extra budget, you should consider Sri Cassia which has larger built-up size of 845 sf and a swimming pool. Sri Cassia is priced from RM230,000. However, if your budget is tight, perhaps you should consider Sri Jati Apartment which has smaller built-up size of 650 sf and is priced at about RM75,000.
