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Palm Garden, situated in Juru, in mainland Penang, is a 14.67-acre freehold residential development comprising a total of 85 one-storey bungalow houses with build-up sizes ranging from 4,150 sf onwards. Three categories of houses are available in Palm Garden — Areca, Berberis and Celosia. Their plant-related names hint at the development's focus on nature and greenery, which are reflected in its lush surroundings.
Regardless of the category, each house is designed with 4 bedrooms and 4 bathrooms, making the houses a good size for multigenerational families including those with family members who have limited mobility, especially considering that all the living spaces are on a single floor.
Residents and their visitors access Palm Garden via just one entrance, increasing the security of the development. Facilities provided in Palm Garden include a jogging trail, open park and children's playground, enhancing the communal and family-friendly feel of the development.
One of the other reasons that Palm Garden is well-received by buyers and investors is its good location about an equal distance from the Penang Bridge and the Second Penang Bridge, as well as its proximity to many industrial areas in mainland Penang.
There are also many urban amenities like schools, shops and eateries within a reasonable distance of the development. However, it is best that one owns his or her own private vehicle while living in Palm Garden as buses are not available around the area.
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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 (%) |
---|---|---|---|---|---|
Palm Garden | 2010 | From RM630,000 | NIL | NIL | NIL |
Residency @ Cendana | 2012 | From RM720,000 | From RM1,800 | NIL | NIL |
Taman Cendana Permai | Dec 2009 | From RM479,000 | 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 | - | - | - |
1,500 - 2,500 SQ. FT | - | RM 647,500 psf | - |
2,500 - 4,000 SQ. FT | - | RM 696,250 psf | - |
4,000 SQ. FT and above | - | RM 1,000,000 psf | - |
Note:
Down Payment (10%) | RM 63,000 |
Loan Amount ( 90 %) | RM 567,000 |
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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