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Mutiara Court

Lorong Delima 20, 11700 Gelugor, Penang
Apartment
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Details:

Chinese ad 4621 326x150 01

Facilities

Covered car park
Landscaped garden

Property Details

1989
(Year of Completion)
This project was completed 35 years ago
From RM510,000
From RM1,100
RM70/month
Built Up
From 960 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
6
Total Storeys
3
Total Units
186

Description

Mutiara Court in Gelugor, Penang is a freehold apartment development comprising 6 distinct blocks, each with a height of 3 storeys. This medium density property has been in the market since 1989 but is still holding up well. This is a walk-up property as there are no elevators available.

The apartment units have a built-up area of 960 sf and a total of 186 units. Each unit comes with 3 bedrooms and 2 bathrooms, which may very well be enough for a small family. Since its inception till today, most units have been occupied, hence many units for sale or rent will come fully furnished. Facilities are the barest with only a carpark, landscaped garden and 24-hour security provided, which is maintained through a fee of RM70 per month from each unit.

However, amenities are plentiful along Jalan Bukit Gambier where the property is situated, where residents will find the regular cafes, banks, clinics, restaurants, and much more in the shop lots nearby. It is also good to note that the Lam Wah Ee Hospital and Bukit Dumbar Park are also within a short drive’s distance.

There is also a good choice of schools in the area, and residents can pick from institutions like the SK Jelutong Barat, University Sains Malaysia, Hamid Khan Secondary School, Datuk Hj. Mohd Nor Ahmad Secondary School and Bukit Gambir Primary and Secondary Schools.

Accessibility is one of the key selling points of Mutiara Court as it is placed in the heart of Gelugor. The property is accessible through Jalan Yeap Chor Ee, which connects to Jalan Masjid Negeri and Jalan Sultan Azlan Shah.

Major hubs like Queensbay Mall, Georgetown, Bayan Lepas, a Tesco hypermarket are all within 10 minutes’ drive, as can be said about the Penang Bridge. Public transportation is also available with Rapid Penang buses travelling up and down the main roads around the property.

Mutiara Court may have been around for a while but the location is still one of the major factors when considering this property. The condominium residence may be an ideal home to own and stay in and doubles as a great investment too. Ideally, one might not opt for the third floor as this is a walk-up property, which in the long run, may be a little tiresome.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (None)
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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 (%)
Mutiara Court 1989 RM498,000 - RM650,000
RM 392 psf - RM 561 psf
RM1,100 - RM1,100 NIL 2.15 %
Raffel Tower Dec 2015 RM899,000 - RM1,600,000
RM 561 psf - RM 1,000 psf
RM1,500 - RM1,500 NIL 2.64 %
Raffel Residence 199 2015 RM1,790,000 - RM1,950,000
RM 450 psf - RM 541 psf
RM2,500 - RM2,500 NIL 2.09 %
Centrio Avenue 2013 RM298,000 - RM360,000
RM 427 psf - RM 529 psf
RM700 - RM700 NIL 3.65 %
Pulse Aug 2012 RM350,000 - RM430,000
RM 396 psf - RM 537 psf
RM900 - RM900 NIL 2.69 %
The Oasis 2012 RM480,000 - RM730,000
RM 444 psf - RM 657 psf
RM1,300 - RM1,300 NIL 3.37 %
27 Green Terraces 2012 From RM2,388,000 NIL NIL NIL

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 RM 489 psf - RM 682 psf
1,500 - 2,500 SQ. FT RM 451 psf - -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above - RM 2,580,000 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 355 psf
Non Landed Properties
RM 242,442 psf
Landed Properties
RM 926 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 51,000
Loan Amount ( 90 %) RM 459,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 70 ±
RM 70.0 psf (960 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.

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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