Centrio Avenue is a high rise development located within the thriving estate of Bukit Gambier. The aim of this development was to target the middle-income earning citizens with affordably-priced units in a property built on prime location. Centrio Avenue is situated on the foothills of Bukit Gambier with modestly-sized layouts with just enough space for young urbanites and small families.
However, in Feb 2014, several buyers have claimed that they were being overcharged for their units, including additional charges that were imposed on extra parking bays and renovation packages for owners who declined to take up the offer. As a result, the Penang government had issued a deadline of one week and a show cause letter to the developer to resolve the pricing dispute.
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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 (%) |
|---|---|---|---|---|---|
| Centrio Avenue | 2013 |
RM298,000
-
RM360,000
RM 427 psf - RM 529 psf |
RM700 - RM700 | NIL | 3.65 % |
| Raffel Tower | Dec 2015 |
RM899,000
-
RM1,600,000
RM 561 psf - RM 1,000 psf |
RM1,500 - RM1,500 | NIL | 2.64 % |
| Raffel Residence 199 | 2015 |
RM1,790,000
-
RM1,950,000
RM 450 psf - RM 541 psf |
RM2,500 - RM2,500 | NIL | 2.09 % |
| Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 3.77 % |
| The Oasis | 2012 |
RM480,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.37 % |
| Vista Gambier | 2009 |
RM598,000
-
RM750,000
RM 445 psf - RM 558 psf |
RM1,500 - RM1,500 | NIL | 2.82 % |
| Mutiara Place | 2003 |
RM520,000
-
RM650,000
RM 472 psf - RM 541 psf |
RM1,500 - RM1,500 | NIL | 2.74 % |
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 | - | - | - |
| 1,000 - 1,500 SQ. FT | RM 489 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 451 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,525,000 psf | - |
| 4,000 SQ. FT and above | - | RM 2,646,667 psf | - |
Note:
| Down Payment (10%) | RM 7,200 |
| Loan Amount ( 90 %) | RM 64,800 |
| 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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