Medan Mutiara is a freehold low-density apartment complex in Sungai Nibong, Penang. Built with a rather pleasing exposed brick-and-plaster facade that is relatively well-maintained compared to many other low cost apartments in Penang, the property provides just several fundamental facilities like security, a playground, convenience stores and parking lots.
Residential units of Medan Mutiara are spread out over 5 blocks of 5 storeys each, organized around a central car park. Each unit comes with a standard layout of about 700 sf, with 3 bedrooms and 2 bathrooms, a suitable size for singles, couples and even smaller families.
The latter will also appreciate Medan Mutiara’s close proximity to schools like SK Sg Nibong, SMK Sg Nibong, SJK (C) Kwang Hwa and SRJK (C) Shih Chung Cawangan, all of which are less than 1.5km away. Medan Mutiara’s location along Lebuh Nipah 1 also means it is less than 300m from the main road of Jalan Sultan Azlan Shah, giving it easy access to other towns and neighbourhoods in Penang.
Other prominent amenities nearby include the Lip Sin wet market less than 300m away, the Sungai Nibong bus terminal and Bukit Jambul Complex, about 1km from the apartment, in addition to Giant Hypermarket Bayan Lepas, Queensbay Mall and Universiti Sains Malaysia (USM), which are around 3km from the property.
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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 (%) |
|---|---|---|---|---|---|
| Medan Mutiara | 0 |
RM318,000
-
RM358,000
RM 454 psf - RM 511 psf |
RM1,150 - RM1,150 | NIL | 4.08 % |
| The CEO | 2012 |
RM280,000
-
RM500,000
RM 608 psf - RM 926 psf |
RM1,550 - RM1,550 | NIL | 4.77 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
| Ixora Heights | 2010 |
RM468,000
-
RM575,000
RM 482 psf - RM 616 psf |
RM1,000 - RM1,000 | NIL | 2.76 % |
| Asia Hills | 2010 |
RM2,390,000
-
RM2,500,000
RM 612 psf - RM 756 psf |
RM5,500 - RM5,500 | NIL | 2.45 % |
| Krystal Garden | 2010 | RM950,000 - RM1,250,000 | RM2,000 - RM4,000 | NIL | 3.27 % |
| i-Avenue | 2008 | RM150,000 - RM558,000 | RM900 - RM4,200 | NIL | 8.64 % |
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 790 psf |
| 500 - 1,000 SQ. FT | - | - | RM 867 psf |
| 1,000 - 1,500 SQ. FT | - | RM 186,584 psf | RM 822 psf |
| 1,500 - 2,500 SQ. FT | - | RM 409,000 psf | RM 449 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,691,000 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 33,000 |
| Loan Amount ( 90 %) | RM 297,000 |
| 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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