Hexagon Tech Park is a freehold commercial building situated along Jalan Gurdwara in George Town, Penang. Previously known as Adorna Diamond, the commercial building was completed in 1999, but remained vacant until 2013 after its developer was liquidated.
After being abandoned for about 15 years, Hexagon Tech Park was revived into a high tech park complete with high-speed Internet facilities in 2013. Thanks to a new developer who took over, Tamarins Group, with the help of liquidator Ferrier Hodgson MH and local contractor D’Bright Bina.
RM19,800,000 was spent to rehabilitate this commercial property, which is presently being managed by Raine and Horne International. Hexagon Tech Park is now set to house tech-savvy business users such as software developers, designers and market traders. This 13-storey building consists of 161 units, with built up sizes ranging from 700 sf to 20,000 sf.
As for the facilities, this building is fully equipped with high-end CCTV for enhanced security and it is also open 24 hours a day which is perfect for companies that operate in shifts. Not to mention, it also has ample parking space.
From Hexagon Tech Park, tenants can easily access the Penang Expressway, Bayan Lepas Free Trade Zone (FTZ) and Georgetown. To those who commute via public transports, the nearest bus stop is located along Jalan Gurdwara, served by Rapid Penang bus 302 and 401.
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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 (%) |
|---|---|---|---|---|---|
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
| 86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
| Summer Place | 2011 |
RM615,000
-
RM1,150,000
RM 607 psf - RM 838 psf |
RM650 - RM650 | NIL | 2.48 % |
| Birch The Regency | 2009 |
RM445,000
-
RM750,000
RM 468 psf - RM 736 psf |
RM1,400 - RM1,400 | NIL | 4.04 % |
| Sri Saujana Apartment | 2009 |
RM110,000
-
RM260,000
RM 169 psf - RM 417 psf |
RM800 - RM800 | NIL | 7.14 % |
| Desa Pinang 2 | 2009 |
RM250,000
-
RM265,000
RM 384 psf - RM 431 psf |
RM700 - RM700 | NIL | 3.29 % |
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 494 psf |
| 500 - 1,000 SQ. FT | RM 537 psf | - | RM 645 psf |
| 1,000 - 1,500 SQ. FT | RM 618 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 28,840 |
| Loan Amount ( 90 %) | RM 259,560 |
| 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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