Palm Palladium is a 28-storey condominium nestled in the neighbourhood of Minden Heights in Gelugor, Penang. The freehold property, completed in the second half of the 2000s, has a total of 134 units, with just 3 residential units per level in line with its upscale low-density status.
Residents at Palm Palladium are also able to enjoy the use of the condominium's facilities such as a swimming pool, wading pool, gymnasium, barbecue area and a community hall for functions and gatherings. The entire property is also guarded 24 hours by the condominium's security team.
Buyers and investors can choose from several unit layouts, ranging from 1,150 sf to more than 2,400 sf. The layouts come with different numbers of bedrooms, from 3 to 4+1, with the bigger units suitable for larger families or those that require a wider variety of living spaces. The smaller units have just 2 bathrooms, while the larger ones have a total of 4.
Other than the low-density of the condominium, yet another of Palm Palladium's plus points that causes its units to be in good demand is its prime location just minutes away from the University of Science, Malaysia (USM), and less than 5 km away from the Penang Bridge, giving residents easy access to the mainland.
Also, Palm Palladium is relatively near to the matured neighbourhoods of Bayan Baru, Bukit Jambul and Sungai Ara, so residents can easily reach amenities like Pantai Hospital Penang, Queensbay Mall and Tesco Gelugor. Major roads like Jalan Bukit Gambir and Jalan Sultan Azlan Shah are a short distance away as well, stretching from Gelugor to Bayan Baru and Bayan Lepas respectively.
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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 Palladium | Oct 2008 |
RM617,000
-
RM890,000
RM 457 psf - RM 577 psf |
RM1,300 - RM1,300 | RM520,000 (RM 465 psf) | 2.29 % |
| White Lily | 2012 | From RM1,200,000 | NIL | NIL | NIL |
| Ideal Regency | Dec 2009 |
RM620,000
-
RM750,000
RM 387 psf - RM 625 psf |
RM1,200 - RM1,200 | RM620,000 (RM 486 psf) | 2.89 % |
| The Palazzia | 2009 | RM700,000 - RM900,000 | RM1,800 - RM2,600 | NIL | 3.3 % |
| Desa Airmas | 2007 |
RM515,000
-
RM618,000
RM 468 psf - RM 618 psf |
RM600 - RM600 | NIL | 2.01 % |
| Plaza Ivory | 2004 |
RM435,000
-
RM920,000
RM 340 psf - RM 611 psf |
RM430 - RM430 | NIL | 1.8 % |
| Palace Hill | 2004 | From RM1,950,000 | 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 | RM 371 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 495 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | RM 272 psf | - |
Note:
| Down Payment (10%) | RM 21,400 |
| Loan Amount ( 90 %) | RM 192,600 |
| 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.
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