Mutiara Villa

35, Jalan Bagan Jermal, 10470 Tanjung Tokong, Penang
Condominium
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Details:

Developer

Developer of Mutiara Villa, Belleview Group
Belleview Group
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Chinese ad 4621 326x150 01

Facilities

Covered parking lots
Barbeque pits
Gym
Mini market
Playground
Tennis court
Squash court
Sauna
Swimming pool
Multi purpose hall
Landscaped garden
Lounge
Game room

Property Details

1994
(Year of Completion)
This project was completed 28 years ago
From RM620,000
From RM2,200
RM0.18psf
Built Up
1,180 SQ. FT - 4,450 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
1
Total Storeys
30
Total Units
104

Description

Mutiara Villa in Tanjung Tokong, Penang, is a low density condominium residence ideal for those who are looking for privacy and added peace. At 30 stories tall, the single residential building houses only 104 units, making it an average of merely 4 units to a floor while 2 exclusive penthouse units share the highest floor. Although the property was completed way back in 1994, it still remains well-kept with a presentable facade.

Standard units at Mutiara Villa are spacious with built-up areas ranging between 1,180 sf to 1,420 sf while the penthouse units are a sizeable 4,450 sf. The standard units here have 3 bedrooms and 2 bathrooms. The property offers a myriad of amenities for use by residents. These include facilities for leisure which are a swimming pool, a sauna, tennis courts, squash courts, and badminton halls. There is also a multi purpose hall, a lounge, and a barbecue area, as well as a landscaped garden.

Mutiara Villa sits on prime land due to its strategic location at the crossroads of Gurney Drive, Jalan Tanjung Tokong and Jalan Kelawai, making it highly accessible to other parts of the city. The property is also within walking distance to innumerable amenities like banks and convenience stores surrounding the area. Popular shopping malls like Gurney Plaza and Gurney Paragon are also just minutes away from the residence, offering additional conveniences like supermarkets, restaurants and even entertainment. Residents can also take a short drive up to Batu Ferringhi on the weekends.

Given the strategic location, spacious units and array of facilities, sub sale prices of Mutiara Villa condominium units have surprisingly, not surpassed the 1 million ringgit mark, with units on sale for around RM620,000 perhaps due to its age. Hence, the residence may appeal to some who like the convenience of location and acceptable conditions of the property while others may think that it is too pricy for a property of its age. Either way, properties in the region of Tanjung Tokong are generally suitable for investments given the demand for properties in such a strategic location.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Tanjung Tokong
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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 Villa 1994 RM800,000 - RM1,350,000
RM 540 psf - RM 1,016 psf
RM1,400 - RM1,400 NIL 2.5 %
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
RM6,800 - RM9,000 NIL 3.47 %
The Bayu 2008 RM520,000 - RM520,000
RM 650 psf - RM 650 psf
From RM1,100 NIL NIL
Sri Bunga Raya 2006 RM490,000 - RM490,000
RM 597 psf - RM 597 psf
RM950 - RM950 NIL 2.76 %
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 483 psf - -
1,000 - 1,500 SQ. FT RM 479 psf - RM 447 psf
1,500 - 2,500 SQ. FT - RM 436 psf -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above RM 731 psf - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 545 psf
Non Landed Properties
RM 722 psf
Landed Properties
RM 451 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 62,000
Loan Amount ( 90 %) RM 558,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
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Monthly Installment
RM 3,000 ±
Maintenance Fee
RM212 ±
RM 0.18 psf (1,180 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.

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