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Desa Pinang in Gelugor, Penang, is a towering freehold apartment residence at 11 storeys high. The single block complex houses units sized at roughly 935 sf with a standard layout of 3 bedrooms and 2 bathrooms.
Facilities, though are scarce with only a parking lot, still requires residents to pay a maintenance fee of RM120 per month. Units which are for sale are available at a price of at least RM238,000 while not many units can be found for rent.
Though lacking in facilities, Desa Pinang’s location makes up for that shortcoming. The property is within walking distance to a row of commercial shop-lots where eateries, convenience stores and even a Kumon learning centre can be found. SK Bukit Gelugor is also nearby, just off Jalan Gambir.
Situated along Jalan Yeap Chor Ee and Jalan Gambir, Desa Pinang is just 5 minutes from the first Penang bridge as well as University Sains Malaysia (USM). The Georgetown city centre on the other hand is about 15 minutes away while Bayan Lepas is slightly further at around 20 minutes. The Tun Dr. Lim Chong Eu Expressway and Jalan Sultan Azlan Shah is also within close proximity to the property, enabling ease of access to other parts of Penang.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Desa Pinang | 2003 |
RM380,000
-
RM448,000
RM 405 psf - RM 457 psf |
RM1,400 - RM1,400 | NIL | 3.71 % |
Raffel Tower | Dec 2015 |
RM899,000
-
RM1,600,000
RM 561 psf - RM 1,000 psf |
RM1,500 - RM1,500 | NIL | 2.64 % |
Raffel Residence 199 | 2015 |
RM1,790,000
-
RM1,950,000
RM 450 psf - RM 541 psf |
RM2,500 - RM2,500 | NIL | 2.09 % |
Centrio Avenue | 2013 |
RM280,000
-
RM360,000
RM 414 psf - RM 529 psf |
RM700 - RM700 | NIL | 3.75 % |
Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 3.77 % |
The Oasis | 2012 |
RM478,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.38 % |
27 Green Terraces | 2012 | From RM2,388,000 | NIL | NIL | NIL |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | RM 489 psf | - | RM 682 psf |
1,500 - 2,500 SQ. FT | RM 451 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 2,580,000 psf | - |
Note:
Down Payment (10%) | RM 23,800 |
Loan Amount ( 90 %) | RM 214,200 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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