Teega, Puteri Harbour
Teega is a freehold integrated office, residential & retail hub located in Puteri Harbour, Nusajaya. It comprises Teega Residence, Teega Suites, Teega Tower and Teega Walk. There are 1,292 apartment units available at this project with built-up from 485 sf to 1,582 sf for apartment units and 2,346 sf to 2,576 sf for offices. It was developed by UEM Sunrise Bhd (fka Sunrise) with a launch price at about RM900 psf for apartment units, and was completed in around 2016.
UEM Sunrise Bhd (fka Sunrise) is a gigantic property developer listed on Bursa Malaysia, and it has built about 59 property projects in Malaysia. Other similar projects by the same developer are 11 Mont Kiara, Arcoris, Menara Solaris, Radia, Residensi 22, Serene Heights, Solaris Dutamas, Symphony Hills, Taman Nusa Idaman and Verdi.
This integrated office, residential & retail hub is not very ideal for own stay or investment, as it has no amenities around.
The current market prices for Teega are from RM390,000 to RM1,110,000 (about RM670 psf) for apartment units and RM1,100,000 to RM1,490,000 (about RM470 psf) for offices; while the monthly rentals are from RM1,700 to RM3,500 (about RM2.21 psf) for apartment units and RM4,200 to RM5,200 (about RM2.00 psf) for offices. The highest median price psf ever recorded was RM1,350 psf in Q3 2013 (Apartment) and RM592 psf in Q4 2017 (Office); while the lowest one was RM711 psf in Q4 2018 (Apartment) and RM465 psf in Q4 2018 (Office).
The current rental yield of Teega is 4.15% for apartment units and 4.58% for offices. The highest rental yield ever recorded was 4.8% in Q1 2018 (Apartment) and 4.58% in Q4 2018 (Office); while the lowest one was 3.64% in Q1 2019 (Apartment) and 4.38% in Q3 2018 (Office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Teega for apartment units is 1-bedroom / 689 sf with a median price of RM670 psf. For price wise, the most expensive one is Studio / 553 sf with a median price of RM810 psf; while the cheapest one is 2-bedroom / 1,167 sf with a median price of RM630 psf.
Lastly, the most popular layout and size combination at Teega for offices is 2,363 sf with a median price of RM470 psf. For price wise, the most expensive one is 2,576 sf with a median price of RM580 psf; while the cheapest one is 2,346 sf with a median price of RM470 psf.
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