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Indah Bay, located on an elevated freehold parcel of land in Tanjung Tokong, is a 14-storey condominium that was completed in 1993. Other than 24-hour security and parking lots, the property also offers a swimming pool for the use of its residents. There are a total of 138 units in the entire building, resulting in an average of 10 to 11 residential units per floor.
The units are suitable for singles, couples and small families as they are rather compact, measuring about 800 sf each, with 3 bedrooms and 2 bathrooms. Thanks to its hillside location and proximity to the Tanjung Tokong coast, residents on the higher floors of Indah Bay can expect to have good views of the sea and greenery from their windows.
Whether one has their own transport or relies on public transport, Indah Bay is situated near to many urban amenities and schools, making the property great for families, especially those with school-age children. In fact, via just a 5 to 10-minute walk, residents can reach SK Tanjong Tokong, SJK (C) Hun Bin, Tesco Seri Tanjung Pinang and the Vantage commercial complex.
Bus stops can be found along the nearby Jalan Gajah and Jalan Tanjung Tokong, with buses 101, 102, 103 and 104 passing by on their way to and from places like the Georgetown jetty, Bayan Lepas and Tanjung Bungah.
Other medical and shopping facilities are also highly accessible, such as the Mount Miriam Cancer Hospital, Straits Quay, Gurney Plaza and Gurney Paragon, resulting in the area surrounding Indah Bay becoming increasingly sought-after, especially with the development and shift of Tanjung Tokong into a more upscale neighbourhood.
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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 (%) |
---|---|---|---|---|---|
Indah Bay | 1993 |
RM350,000
-
RM500,000
RM 466 psf - RM 625 psf |
RM900 - RM900 | NIL | 3.11 % |
Quayside | Apr 2017 |
RM980,000
-
RM26,000,000
RM 666 psf - RM 8,392 psf |
RM2,000 - RM2,000 | NIL | 0.8 % |
Fettes Residences | June 2011 |
RM1,050,000
-
RM2,000,000
RM 433 psf - RM 1,000 psf |
RM2,500 - RM2,500 | NIL | 3.19 % |
The Brezza | 2011 |
RM600,000
-
RM1,250,000
RM 480 psf - RM 912 psf |
RM1,500 - RM1,500 | NIL | 3.08 % |
Fettes Park | 2011 |
RM690,000
-
RM4,300,000
RM 627 psf - RM 833 psf |
NIL | NIL | NIL |
Straits Quay | Nov 2010 |
RM660,000
-
RM4,600,000
RM 761 psf - RM 1,422 psf |
RM2,000 - RM2,000 | NIL | 2.05 % |
Skyhome | Feb 2010 |
RM3,900,000
-
RM4,300,000
RM 619 psf - RM 682 psf |
RM8,000 - RM8,000 | NIL | 2.3 % |
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 | - | - | RM 791 psf |
500 - 1,000 SQ. FT | - | - | RM 342 psf |
1,000 - 1,500 SQ. FT | RM 955 psf | - | - |
1,500 - 2,500 SQ. FT | RM 671 psf | - | - |
2,500 - 4,000 SQ. FT | RM 655 psf | RM 1,600,000 psf | - |
4,000 SQ. FT and above | RM 850 psf | RM 2,645,000 psf | - |
Note:
Down Payment (10%) | RM 44,500 |
Loan Amount ( 90 %) | RM 400,500 |
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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