Lorong Kinta is a lane that lies perpendicular to two main roads in Georgetown, Penang— Jalan Burma and Jalan Macalister. At the intersection of the lane and Jalan Burma is MEKIO Home Furnishing, a large complex selling furniture and interior furnishings, as its name suggests. The building used to house the well-known Rex cinema, which first opened in the pre-war years.
On the opposite end of the Lorong Kinta where it meets Jalan Macalister, there is the Golden City Hotel. Yet another historical structure, it once used to be the venue for a church in the 60s. Along the lane are more pre-war colonial shophouses and buildings, some of which are still functioning as commercial shops.
The vicinity of Lorong Kinta is considerably busy and popular with tourists, due to the numerous guest houses and hotels like the Sunway Hotel Georgetown just a few steps away, as well as an abundance of hawker food stalls and quaint cafes. There are also several educational institutions within walking distance of Kinta Lane, such as KDU College Penang, ATC College and the Sentral Technology College of Penang,
For those relying on public transportation, the lane can be reached via buses 10, 101, 102, 103, 104 and 304, which pass by bus stops on Jalan Burma and Jalan Macalister. Lorong Kinta is also extremely near to Prangin Mall, the city centre and Komtar, which are all about 1km or a 10-minute walk away. Naturally, the roads in the area surrounding the lane are usually congested, thanks to its central location, something that those travelling to the eateries or shops in Lorong Kinta will need to put up with.
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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 (%) |
|---|---|---|---|---|---|
| Lorong Kinta | 0 |
RM2,000,000
-
RM2,000,000
RM 1,052 psf - RM 1,052 psf |
From RM2,200 | NIL | NIL |
| Scott Residence | 2015 |
RM1,450,000
-
RM2,850,000
RM 692 psf - RM 1,400 psf |
RM2,000 - RM2,000 | NIL | 1.59 % |
| Residence 21 | 2012 |
RM2,950,000
-
RM3,350,000
RM 536 psf - RM 558 psf |
RM7,500 - RM7,500 | NIL | 2.64 % |
| Birch The Regency | 2009 |
RM445,000
-
RM750,000
RM 468 psf - RM 736 psf |
RM1,400 - RM1,400 | NIL | 4.04 % |
| Birch The Plaza | 2008 |
RM445,000
-
RM1,600,000
RM 468 psf - RM 900 psf |
RM1,400 - RM1,400 | NIL | 2.93 % |
| The Mayfair | 2007 |
RM275,000
-
RM3,750,000
RM 55 psf - RM 750 psf |
RM7,500 - RM7,500 | NIL | 4.47 % |
| Prangin Mall | 2001 | From RM220,000 | From RM1,300 | 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 | RM 689 psf | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | RM 825 psf | RM 2,000,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | RM 6,150,000 psf |
Note:
| Down Payment (10%) | RM 39,900 |
| Loan Amount ( 90 %) | RM 359,100 |
| 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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