Bayan Lepas Free Trade Zone

Bayan Lepas Free Trade Zone, 11900 Bayan Lepas, Penang
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Details:

Chinese ad 4621 326x150 01

Property Details

From RM3,680,000
From RM48,000
Built Up
From 4,300 SQ. FT
Land Title
Commercial
Tenure
Freehold
Total Blocks
NIL
Total Storeys
NIL
Total Units
NIL
Parking
Min. 1

Description

Bayan Lepas Free Trade Zone located on the southern part of Penang island, begun development in the early 1970s, with several phases carried out throughout the years. Now, it has become a high-tech industrial zone where many international and multinational corporations have set up their operations.

There are 4 phases in total, with Phase 1 of the Bayan Lepas Free Trade Zone located between the Penang International Airport Runway and Jalan Sultan Azlan Shah, its end marked by Sungai Kluang. Phase 2 is also located along Jalan Sultan Azlan Shah, and is bordered by Bukit Gedung and the Snake Temple.

Phases 3 and 4 are newer, and located closer to the coast. A partial of Phase 3 was even built on reclaimed land and now sits along the Tun Dr. Lim Chong Eu Expressway, with Sungai Kluang and the town of Bayan Baru on its peripheries. Phase 4 covers the widest expanse of land, being the most recently developed of the four, sometime before the 21st century. These 2 phases see a concentration of companies in the advanced technology to light industry. But nearing the town of Batu Maung, close to the Penang Airport Cargo Complex, where there are higher numbers of freight forwarding companies.

Properties in the Bayan Lepas Free Trade Zone are mostly factories, with many being of substantial sizes built on freehold lands. Factories in the area available on the market have minimum built-up sizes of about 4,300 sf with asking prices beginning from RM3,680,000. Rental rates on the other hand, are about RM48,000 per month.

Amenities in the vicinities of the Bayan Lepas Free Trade Zone are aplenty, with many commercial hubs developed to cater to the large number of people working in the factories and corporations there. Hence, eateries, restaurants, banks, convenience stores and more are easily available in established hubs like Krystal Point and Bayan Point.

The main access routes to and from the Bayan Lepas Free Trade Zone is the Tun Dr. Lim Chong Eu Expressway and Jalan Sultan Azlan Shah. These roads border the different phases of the industrial zone, enabling access to other towns nearby like Bayan Baru, Batu Maung, and even Georgetown, about 20 minutes away. The first and second Penang bridges are also linked to the Bayan Lepas Free Trade Zone via the two, but the second bridge is slightly shorter distance away. Being the most frequently travelled route to and from the zone, it is without doubt that traffic will be congested during peak hours in the morning and evening as well as lunchtime.

NIL
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Bayan Lepas
Go To Neighbourhood
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Nearby Amenities:

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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 (%)
Bayan Lepas Free Trade Zone 0 RM480,000 - RM710,000
RM 236 psf - RM 406 psf
From RM48,000 NIL NIL
Halaman Cendana 1997 RM280,000 - RM280,000
RM 342 psf - RM 342 psf
NIL NIL NIL
Mayang Apartment 1996 RM200,000 - RM500,000 RM1,000 - RM1,000 NIL 3.43 %
Puteri Indah 1995 RM340,000 - RM408,000
RM 400 psf - RM 557 psf
RM1,200 - RM1,200 NIL 3.52 %

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 190 psf -
1,000 - 1,500 SQ. FT - - RM 804 psf
1,500 - 2,500 SQ. FT - - -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 207 psf
Non Landed Properties
RM 359 psf
Landed Properties
RM 495 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 368,000
Loan Amount ( 90 %) RM 3,312,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
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Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (4,300 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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.

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