Palm Palladium

Lebuh Minden 1, Minden Heights, 11700 Gelugor, Penang
Condominium
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Details:

Developer

Chinese ad 4621 326x150 01

Facilities

Swimming pool
Landscaped garden
Barbecue facilities
Gymnasium
Function hall
Games room

Property Details

2008 Oct
(Year of Completion)
This project was completed 14 years ago
From RM214,000
From RM650,000
From RM1,490
RM215/month
Built Up
1,150 SQ. FT - 2,400 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
1
Total Storeys
28
Total Units
134

Description

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.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants
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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 (%)
Palm Palladium Oct 2008 RM617,000 - RM800,000
RM 534 psf - RM 577 psf
RM1,300 - RM1,300 RM560,000 (RM 500 psf) 2.43 %
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 RM637,857 (RM 497 psf) 2.89 %
The Palazzia 2009 RM700,000 - RM900,000 RM1,800 - RM2,600 NIL 3.3 %
Desa Airmas 2007 RM548,000 - RM618,000
RM 498 psf - RM 618 psf
RM600 - RM600 NIL 1.96 %
Plaza Ivory 2004 RM435,000 - RM920,000
RM 340 psf - RM 611 psf
RM430 - RM430 RM274,563 (RM 548 psf) 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 - - RM 609 psf
500 - 1,000 SQ. FT RM 370 psf - RM 606 psf
1,000 - 1,500 SQ. FT RM 501 psf - -
1,500 - 2,500 SQ. FT RM 474 psf - -
2,500 - 4,000 SQ. FT - RM 550 psf -
4,000 SQ. FT and above - RM 237 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 377 psf
Non Landed Properties
RM 493 psf
Landed Properties
RM 565 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 21,400
Loan Amount ( 90 %) RM 192,600
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
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Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 215 ±
RM 215.0 psf (1,150 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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