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Jalan Air Itam runs along the fringes of Jelutong and goes though the town of Air Itam in Penang. Jalan Air Itam is the most frequently used road to travel from Georgetown to the town of Air Itam where the Kek Lok Si Temple is located. Unsurprisingly, many homes and commercial shop lots have been built along the road throughout the decades with some pre-war buildings also located along the busy road.
Properties along Jalan Air Itam range from residential to commercial titles, with the pre-war buildings now turned into shop lots and offices. Older “kampung” homes and single-storey terraces built in the mid to late 20th century can also be seen adjacent to the route. Given the traffic that goes through Jalan Air Itam, many of the terrace homes have also been turned into commercial shops.
Jalan Air Itam itself is lined with a variety of amenities housed within the many commercial shop lots there. Amenities range from the usual convenience stores to confectionary shops and florists. In the town of Balik Pulau, there are even banks and several hawker centres, eateries and cafes on either side of the road.
Jalan Air Itam is a major arterial road in the Georgetown network of roads and lanes which connect different parts of the city, with a number of important roads such as Jalan Perak, Jalan Masjid Negeri, Jalan Lumba Kuda, Lorong Batu Lanchang and Jalan Paya Terubong branching from it.
Given its role in the accessibility of many parts of the city, Jalan Air Itam will remain a heavily travelled road and as such, properties along the major road, whether residential or commercial, may see a steady appreciation and enjoy constant demand.
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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 (%) |
---|---|---|---|---|---|
Jalan Air Itam | 0 |
RM870,000
-
RM3,700,000
RM 331 psf - RM 1,480 psf |
RM1,500 - RM1,500 | NIL | 2.76 % |
Quattro Zen | 2015 |
RM998,000
-
RM1,000,000
RM 347 psf - RM 374 psf |
NIL | NIL | NIL |
Shineville Park | 2014 |
RM480,000
-
RM1,300,000
RM 217 psf - RM 823 psf |
RM750 - RM750 | NIL | 1.65 % |
Desa Gemilang | 2006 |
RM628,000
-
RM628,000
RM 570 psf - RM 570 psf |
NIL | NIL | NIL |
Indah Kota | 2005 |
RM430,000
-
RM535,000
RM 554 psf - RM 625 psf |
RM850 - RM900 | NIL | 1.93 % |
Scotland Villas | 2004 |
RM1,200,000
-
RM4,500,000
RM 566 psf - RM 825 psf |
RM7,500 - RM7,500 | NIL | 3.24 % |
Taman Sri Indah | 2002 |
RM385,000
-
RM390,000
RM 513 psf - RM 557 psf |
RM650 - RM700 | NIL | 1.84 % |
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 | - | - | - |
1,500 - 2,500 SQ. FT | RM 340 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | RM 3,150,000 psf |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 49,500 |
Loan Amount ( 90 %) | RM 445,500 |
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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