Palace Hill is a freehold 3-storey housing estate located in Bukit Gambier, Penang. Developed by the Ivory Properties Group Bhd, this exclusive and prestigious looking landed houses has 40 units in total. Completed in 2004, there are 4 units of bungalows and 36 units of semi-detached houses.
With a built-up size from 4,000 sf, each unit has six bedrooms and six bathrooms, ideal for multi-generation families. Residing next to Plaza Ivory, this low-density development's layout definitely sets it apart from other projects nearby. The place might not have facilities like most new neighbourhoods do, but it has beautiful landscape and park. Besides that, Palace Hill is a gated and guarded community, making it one of the safest private residential development in town.
Since the place is built within a developed area, dwellers here will not be lack of amenities as they are easily accessible. There are a few healthcare centres, schools, markets and convenience stores within the vicinity. The nearest schools are Sekolah Menengah Kebangsaan Bukit Jambul, Sekolah Rendah Jenis Kebangsaan (Cina) Keong Hoe in Sungai Dua, and Sekolah Rendah Kebangsaan Bukit Gambier in Bukit Gambier.
Apart from the above, there is a market around the corner called Super Tanker Market to fulfill residents' everyday needs or for them to run daily errands. On the other hand, residents can opt to go to Tesco Extra hypermarket or the Bukit Jambul Complex to obtain groceries. If medical attention is ever needed, Lam Wah Ee Hospital in Batu Lanchang would be the nearest hospital.
From Georgetown, one can get here via Jalan Bukit Gambier, while Gelugor Highway is about 12km away if residents want to travel out of state. To those who commute via public transport, they can hop on the Rapid Penang Bus 302 that passes through the main road. With the University Sains Malaysia (USM) situated nearby, do take note that traffic within the area might be a little congested during peak hour.
All in all, Palace Hill is one of the most exclusive residential projects in the area with spacious built-ups, making it ideally suitable for those with family.
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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 (%) |
|---|---|---|---|---|---|
| Palace Hill | 2004 |
RM2,330,000
-
RM2,330,000
RM 665 psf - RM 665 psf |
NIL | NIL | NIL |
| White Lily | 2012 |
RM1,320,000
-
RM1,320,000
RM 571 psf - RM 571 psf |
NIL | NIL | NIL |
| Ideal Regency | Dec 2009 |
RM550,000
-
RM820,000
RM 387 psf - RM 608 psf |
RM1,200 - RM1,200 | NIL | 3.24 % |
| The Palazzia | 2009 | RM700,000 - RM900,000 | RM1,800 - RM2,600 | NIL | 3.3 % |
| Palm Palladium | Oct 2008 |
RM617,000
-
RM950,000
RM 457 psf - RM 577 psf |
RM1,300 - RM1,300 | NIL | 2.2 % |
| Desa Airmas | 2007 |
RM500,000
-
RM1,200,000
RM 195 psf - RM 618 psf |
RM600 - RM600 | NIL | 1.48 % |
| Plaza Ivory | 2004 |
RM435,000
-
RM920,000
RM 340 psf - RM 611 psf |
RM430 - RM430 | NIL | 2.59 % |
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 451 psf |
| 500 - 1,000 SQ. FT | RM 456 psf | - | RM 816 psf |
| 1,000 - 1,500 SQ. FT | RM 521 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | RM 510 psf |
| 2,500 - 4,000 SQ. FT | - | RM 2,090,000 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 195,000 |
| Loan Amount ( 90 %) | RM 1,755,000 |
| 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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