Greenlane Park

Solok Tembaga, Island Park, 11600 Green Lane, Penang
Condominium
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Details:

Chinese ad 4621 326x150 01

Facilities

Barbecue area
Car park
Gymnasium
Basketball court
Jogging track
Swimming pool
Landscape garden
Table tennis
Playground
Community hall

Property Details

2005
(Year of Completion)
This project was completed 16 years ago
RM 445,000 - RM 750,000
RM 1,000 - RM 2,300
Built Up
860 SQ. FT - 1,270 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
2
Total Storeys
27
Total Units
382
Parking
Min. 1

Description

Greenlane Park is a beautiful condominium located within the hills of Green Lane, overlooking the landscapes of Georgetown. Its location is desirable with convenient access routes, and residents have easy access to Georgetown, the Penang Bridge and Bayan Baru. Property prices of Greenlane Park have been increasing over the years, making it a valuable buy.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants
Cleanliness
Safety
Traffic
Quietness

58162
Pros:
1) Very fresh & cooling air since it's located just at the foot of a hill.
2) Compared to the nearby condominiums / apartments, the children swimming pool is separated from the adult swimming pool & this means that children have a larger area to play... See More
in instead of being confined to a small, shared pool.
Cons:
1) 2 floors share a lift lobby. This means that you'll have to either climb or descend a flight of staircase whenever you want to use the elevator. Needless to say, this is very inconvenient if you have old folks or wheelchair user staying with you.
2) There is a very obvious, large crack line on the 5th floor wall that can be clearly seen from the guard house. The same crack line runs down to the 4th floor wall & below as well but management has been telling us that it's a non-structural crack.
3) Gym filled with malfunctioned equipment. Most of these gadgets were there since the very first day & they're now all rusty & collecting dust. No rectification plan in sight.
4) Sauna rooms have malfunctioned too & have been so for around 5 years & counting. Again, nothing planned to have this rectified.
5) Basketball court doesn't adhere to standard measurement. The rims are too high, the court is too large & the 3-points line is way too far. Kids have to go to the nearby Japanese Garden or Island Glades playground to practise shooting instead. Also, the wall surrounding the basketball is too low & this is dangerous since kids have to climb out to retrieve their basketball that has bounced out & down into cliff below.
6) There is a playground located near the hill which still falls within the condominium vicinity but due to absence of any maintenance, it's full of broken equipment & filled with mosquitoes.
7) The road that connects the guard house to the 5th floor are lined with lamp posts that are either not switched on or have fallen into disrepair. As as result, it gets very dark at night even though some residents use it for jogging purpose.
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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 (%)
Greenlane Park 2005 RM 390,000 - RM 980,000
RM 433 psf - RM 689 psf
RM 950 - RM 950 NIL 1.88 %
98 Greenlane 2014 RM 2,200,000 - RM 2,200,000
RM 594 psf - RM 594 psf
RM 2,000 - RM 2,000 NIL 1.09 %
All Seasons Park June 2013 RM 59,900 - RM 1,250,000
RM 54 psf - RM 934 psf
RM 1,000 - RM 1,000 RM 504,600 (RM 469 psf) 3.48 %
Delima Palace Mar 2010 RM 1,400,000 - RM 1,600,000
RM 538 psf - RM 615 psf
RM 3,000 - RM 3,000 NIL 2.31 %
Sri Kristal 2009 RM 360,000 - RM 480,000
RM 423 psf - RM 539 psf
RM 1,000 - RM 1,000 NIL 2.52 %
Sri Impian Apartment 2006 RM 210,000 - RM 560,000
RM 300 psf - RM 442 psf
RM 280 - RM 280 NIL 1.5 %
Sri Ivory Apartment 2004 RM 230,000 - RM 280,000
RM 328 psf - RM 400 psf
RM 750 - RM 750 NIL 3.74 %

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 RM 519 psf - -
1,000 - 1,500 SQ. FT RM 448 psf - RM 1,181 psf
1,500 - 2,500 SQ. FT - - -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above - RM 400 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 411 psf
Non Landed Properties
RM 624 psf
Landed Properties
RM 544 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 44,500
Loan Amount ( 90 %) RM 400,500
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 (860 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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