Permai Jaya Apartment is a freehold apartment located in Tanjung Bungah on the Penang Island. The 17-storey property offers compact lower-cost 3-bedroom residential units measuring around 650 sf to 700 sf, as well as simple amenities like parking, a playground and, very importantly, 24-hour security.
The property has good potential for student rentals, as it is located about 600m away from the Penang campus of the Tunku Abdul Rahman University College – roughly a 7-minute walk. Tenby International School Penang, a private education facility for students from kindergarten level all the way to A-levels, is also just about 500m away.
Around these facilities, one can find eateries and convenience stores, which are especially popular with the student crowd. A 10-minute drive will bring you to Tesco Seri Tanjung Pinang and the Straits Quay retail marina complex in the adjacent neighbourhood, the latter with a wide selection of upmarket cafes, restaurants, shops and beauty centres.
From the Permai Jaya Apartment, it is considerably easy to travel to the Penang state capital of Georgetown either via the trunk road of Jalan Tanjung Bungah or the more inland main roads of Jalan Lembah Permai and Jalan Mount Erskine. There, many other facilities can be found, such as the Adventist Medical Centre located about 6km away.
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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 (%) |
|---|---|---|---|---|---|
| Permai Jaya Apartment | 0 |
RM265,000
-
RM310,000
RM 389 psf - RM 455 psf |
RM680 - RM680 | NIL | 4.13 % |
| Permai Gardens | 2013 |
RM2,000,000
-
RM3,980,000
RM 609 psf - RM 1,122 psf |
RM1,400 - RM1,400 | NIL | 1.89 % |
| Taman Seri Setia | 2012 |
RM190,000
-
RM280,000
RM 271 psf - RM 400 psf |
RM750 - RM750 | NIL | 4.98 % |
| Hill View Garden | 2009 |
RM1,300,000
-
RM1,550,000
RM 433 psf - RM 553 psf |
RM2,800 - RM2,800 | NIL | 2.36 % |
| Azuria | 1998 |
RM288,000
-
RM400,000
RM 384 psf - RM 571 psf |
RM750 - RM750 | NIL | 3.38 % |
| Leader Garden | 1998 |
RM420,000
-
RM1,700,000
RM 386 psf - RM 577 psf |
RM1,200 - RM1,200 | NIL | 1.64 % |
| Tiara View | 1998 |
RM380,000
-
RM500,000
RM 431 psf - RM 561 psf |
RM850 - RM850 | NIL | 2.8 % |
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 402 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 456 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | RM 1,100,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 27,000 |
| Loan Amount ( 90 %) | RM 243,000 |
| 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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