The Koi Tropika is one condominium complex that is far from what you’d expect it to be. The exterior design is quite a surprise, too. The walls of all four of its blocks are painted brown with an accentuation of white dots to signify ‘Koi’ or wealth – clearly a bold deviation from the popular design elements used in most of today’s apartments and condo complexes. It’s a truly “love it or hate it” design, and for us here at PropertyReviews.my, it’s not our cup of tea, unfortunately. 🙂
Koi Tropika is located near “DHL Puchong”, and about 1km away from the Puteri 5 commercial area (where the popular mainstream eateries are such as Kong Sai Restaurant and mamak like Al Meeraj). It is mostly surrounded by village houses and low cost apartments on this side of Puchong.
The asking prices are reaching RM375-400 PSF in the listings that we see at the local property sites when we were researching for this article. It’s interesting to note that its price on a PSF level is similar to the newer landed properties down in southern part of Puchong such as 16 Sierra and D’Alpinia, but since the total size is small (less than 1,200 sq ft) the total price is low – often in the RM350,000 range. To check if this is fair market price, use this real estate price valuation guide – download here (it’s free).
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Low Density, Super Exclusivity
Alright, that was a joke. If you’re looking for exclusivity, you will be better off looking for a living space elsewhere.
Koi Tropika was not made to be exclusive; Koi Tropika is a high-density community, the whole complex housing about a thousand units in its four towers. The first two blocks, A and B, are low-rise with only 10-storeys apiece. Blocks C and D, on the other hand, stand higher with 20 floors on each.
The units here aren’t all that big; the built-up sizes are only between 846 sq. ft. and 1,188 sq. ft. And the prices don’t come too high either. You can already own a serviced unit for as little as RM 240,000. And the psf rates hardly go further than RM 350, and mostly this is for the fully-furnished units. That’s still a lot less expensive than Koi Prima or the really high end places at Lakeside township. But it may not come too cheaply if you are also a car-owner.
See, because of the high volume of people residing at Koi Tropika, they have not afforded enough car park space to accommodate everyone. You may find yourself (and you car) joining the long line of residents’ cars parked outside of the complex which, of course, is outside of the safety of Koi Tropika’s premises.
The condo also comes with a unique feature (for a Puchong condominium, that is) – a Japanese concept garden. Koi Tropika also comes with the following amenities:
- Convenience store
- Swimming pool
Nothing majorly ground breaking here, but then again, what would you expect from a mid-of-the-range Puchong condo?
Access-wise, the condo is fortunately located right in the heart of Puchong, making it easily accessible and close to practically everything. Options to get to Koi Tropika include the (notoriously jam-my) LDP, KESAS Highway, and Lebuhraya Bukit Jalil. Sure you’d have to forget the fact that you’d have to drive at least 20 minutes to get to the closest ‘big’ mall around (IOI Mall) but there is always a shop, a school, and suraus close by for those quick needs. The new SetiaWalk is about 10 minutes away, and IOI is building up a new mixed development dubbed the IOI Rio City opposite The Cube – also a couple of minutes away.
What We Think
There’s a not-too-subtle ramping up of Puchong property prices in the last couple of months, and there’s no doubt that Koi Tropika is one of the “beneficiaries” of this upward moving trend. There’s really nothing to shout about regarding this property – it’s leasehold, it doesn’t have a brand name developer (in Puchong, potential buyers flock to IOI Properties and SP Setia), it’s high density, and it’s not too visually appealing. The price PSF is decidedly middle-of-the-range, but since the units are small-ish many of the units are below the RM500,000 price point which makes it a decidedly middle- or lower-middle niche development.
However, Koi Tropika is in “central” Puchong, and this means that it’s close to everything: the Bandar Puteri commercial area is a short five minute drive which means that everything is easily accessible.
For potential buyers of sub sale properties in this area, Koi Tropika is stuck between low-cost apartments like Sri Alpinia (not to be confused with D’Alpinia) or Sri Cassia and moderately upper middle Aseana Puteri (where asking prices are reaching RM500 PSF). Is Koi Tropika for you? Well, every piece of property is worth some price, and it’s obviously important NOT to overpay so that the returns are maximized. To figure out the fair market value for Koi Tropika (or any property), use this “How Much Is A Property Worth?” guide which you can download after entering your name and email address below.