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Lorong Aman in Georgetown, Penang is a quiet lane with Jalan Burma on one end and Jalan Berjaya on the other. There are double-storey terraces along Lorong Aman, all of which appear to have been built in the late 20th century.
The freehold homes lining Lorong Aman are about 2,000 sf in built-up space with a car porch able to fit a car or two. There are no facilities available to residents of the homes.
Located just off Jalan Burma, amenities are within extremely easy reach of those staying at Lorong Aman. Amenities such as restaurants, eateries, convenience stores, and more are aplenty along the busy road of Jalan Burma. Schools in the area include the Convent Pulau Tikus, Union Primary School and Kolej PTPL. The Midlands One Stop, Penang Plaza and Penang Adventist Hospital are also nearby.
Accessibility is also another strong point of Lorong Aman. Jalan Burma is one of the main roads which makes up the network of many roads and lanes within Georgetown. Located near the intersection of Jalan Burma and Jalan Cantonment, Lorong Aman is just minutes away from Gurney Drive. Other main roads within its vicinities include Jalan Kelawai, Jalan Macalister, and Jalan Perak, which can all lead to Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway.
Given its strategic location, it is no surprise that the landed homes fetch a minimum subsale price of around RM1,400,000. Rental is also on the higher end, at RM4,500 per month.
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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 (%) |
---|---|---|---|---|---|
Lorong Aman | 0 | From RM1,400,000 | From RM4,500 | NIL | NIL |
Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM5,500 - RM5,500 | NIL | 2.38 % |
H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
Millennium Tower | 2005 | RM2,870,000 - RM3,850,000 | RM2,400 - RM2,400 | NIL | 1.25 % |
Gurney Palace | 2004 |
RM2,700,000
-
RM3,100,000
RM 675 psf - RM 775 psf |
RM6,500 - RM6,500 | NIL | 2.36 % |
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 597 psf | - | RM 585 psf |
1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
1,500 - 2,500 SQ. FT | RM 1,168 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | RM 853 psf | - | - |
Note:
Down Payment (10%) | RM 140,000 |
Loan Amount ( 90 %) | RM 1,260,000 |
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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