Mutiara Heights is a high-density condominium completed in 2005 occupying a leasehold land parcel in Jelutong, Penang. Its 525 units are divided among two 29-storey blocks, with each 3-bedroom and 2-bathroom standard unit measuring about 800 sf. Larger 1,600 sf penthouse units are also available. Many of these units have sea views, looking over the sea towards the mainland of Penang.
As in many affordable high-density apartments, the facilities provided at Mutiara Heights are minimal but essential – covered parking lots in a multi-storey complex, a gymnasium, playground, freeform swimming pool, community hall, as well as 24-hour security surveillance, the latter aimed at improving the security issues experienced by residents in the past.
The apartment is well-positioned between Georgetown and Gelugor, which is also near the Penang Bridge. The apartment is also practically next to the Tun Dr Lim Chong Eu Expressway, also known as Jelutong Expressway. This major highway runs from Georgetown all the way to Batu Maung in the southeast of the island, guaranteeing good accessibility to other locations in Penang.
For residents who do not own a car but work in Jelutong, Gelugor or one of the neighbouring towns, public transportation is readily available, with various bus stops along Lebuhraya Gelugor and Jalan Jelutong behind the apartment.
It goes without saying that Mutiara Heights is also close to various amenities, be it retail outlets, food and beverage outlets, schools, petrol stations, banks or clinics. Schools around the area include SK Jelutong, SMK Jelutong, SMJK Chung Hwa, SRJK (C) Kheng Tean, SRJK (C) Pei Shin, SJK (C) Jelutong and SJK (C) Beng Teik Cawangan.
Tesco Penang is a short 6-minute drive away, while barely 1km away is the Metro Avenue shop office complex and the Jelutong Market, a lively morning wet market with many hawker food stalls. For recreation, the scenic Bukit Dumbar Park is less than 2km from the apartment.
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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 Heights | Oct 2005 |
RM238,000
-
RM550,000
RM 297 psf - RM 560 psf |
RM750 - RM750 | NIL | 3.12 % |
| Grace Residence | 2019 |
RM600,000
-
RM1,450,000
RM 504 psf - RM 878 psf |
RM1,800 - RM1,800 | NIL | 2.51 % |
| Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
| Pearl Regency | 2013 |
RM780,000
-
RM1,300,000
RM 540 psf - RM 929 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
| D'Mansion | 2013 | RM960,450 - RM1,032,000 | RM2,100 - RM2,100 | NIL | 3.32 % |
| Richmont Residences | 2010 |
RM1,080,000
-
RM1,080,000
RM 400 psf - RM 400 psf |
RM2,800 - RM2,800 | NIL | 3.11 % |
| Taman Kang Har Tong | 2009 |
RM620,000
-
RM620,000
RM 417 psf - RM 417 psf |
RM800 - RM800 | NIL | 1.65 % |
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 1,306 psf |
| 1,000 - 1,500 SQ. FT | RM 570 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 505 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 27,000 |
| Loan Amount ( 90 %) | RM 243,000 |
| 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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