Prosperity is naturally associated with property in this part of the world; a man’s and woman’s home is not only their castle, it’s their feng shui! So what better name for a development than the fish that is the cultural symbol of all things abundant, good and harmonious? Nevermind if fishes are not mentioned in classical feng shui texts, the koi gives buyers good vibes as powerful as any luxury brand.
Koi Tropika was developed by Utararia Development Sdn Bhd, a subsidiary of Masteron Sdn Bhd. Like some other property developers, Masteron started out as a construction company in 1981 and has built the Koi brand with other Koi condominiums (Legian, Kinrara A and B, C and D and Prima) as well as shop offices. Prosperity property, indeed.
Koi Tropika is centrally located in the Puchong area, along Jalan Puchong itself, in between Bandar Puteri, Taman Puchong Perdana and Taman Puchong Hartamas. Completed in 2006, the development comprises some 1,000 units with a built-up area of between 846 sq ft and 1,188 sq ft (nice number) housed in four blocks.
Its location puts it within easy reach of amenities such as Giant hypermarket, Tesco, IOI Mall and also the Koi Business Park. The Bandar Puteri commercial area is a short drive away and there are also numerous shops close by to get daily activities done. For fun, there’s also Setia Walk about 5km away and The Cube (3km), and the upcoming IOI Rio City adjacent to it.
Getting in and out of Koi Tropika and out of Puchong is via the Lebuhraya Damansara Puchong (LDP), Kesas Highway and Puchong-Sungai Besi (Bukit Jalil) Highway. Traffic? Need you ask. The difference in commuting times in almost all of the Klang Valley is a matter of degrees.
So, the usual million-ringgit question: should you pick one up? It certainly is cheap enough by the habitual flipper’s standards, and even cheaper when you consider the launch starting price of RM148,500. But seriously, as an owner and investor, be aware that Koi Tropika is classified as a serviced apartment (in the understanding of the meaning in the Malaysian market), which means it carries a commercial title. It is also a leasehold property.
Be aware too of the other developments by brand-name developers in Puchong, if that’s important to you, such as IOI Properties and S P Setia. The market chatter at the time of handover of vacant possession for Koi Tropika was of unsatisfactory workmanship, though much of the defects should have been rectified by now. There’s also the matter of its idiosyncratic aesthetics which are, well, dotty (we like!) and may not go down well with mainstream buyers.
If you’re planning to live here, the perennial issue of the shortage of parking bays in a high-density development, security issues and adequacy of facilities will need to be looked into. The pros? Koi Tropika still ranks among the more affordable properties in Puchong, which is being touted as the growth area of the developing western corridor of Greater Kuala Lumpur to Singapore. Puchong has three LRT stations and residents will enjoy wider and easier access to other parts of the Klang Valley and Seremban once the rail network is integrated, and to Singapore once the Kuala Lumpur-Singapore High-Speed Rail is finished.