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Permai 32 is a commercial development located in Tanjung Bungah, Penang, surrounded by residential neighbourhoods. The double-storey lots have spacious commercial shops on the ground floors, while the upper floors can be used as either office or living space. Completed in 2007, most of the units are occupied, with a majority of the businesses established there being food and beverage outlets.
The freehold commercial lots at Permai 32 are sizeable, with built up space of the units beginning from 2,200 sf. The blocks also have walkways which are wider than other commercial shop lots, ensuring ample space for pedestrians and businesses. There is also functional space between the blocks, where there are tables and chairs for public use. Each unit also has a balcony on the first floor.
In terms of amenities, the businesses at Permai 32 provide basic conveniences. Apart from food and beverage outlets, there is also a launderette, hair salons, and bakeries among others. These businesses cater to the residential neighbourhood of landed homes surrounding Permai 32, while there is also a high-rise residence nearby. As such, the commercial lots enjoy good exposure to the population in the area.
Accessibility wise, Permai 32 is located just off Jalan Lembah Permai. Lorong Lembah Permai is the main road which leads to the development as well as the residential neighbourhood there. As such, residents living there will have to drive past Permai 32 when coming in and out of the neighbourhood. This in turn, also contributes to higher visibility of the commercial lots, which is beneficial for the businesses operating there.
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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 (%) |
---|---|---|---|---|---|
Permai 32 | 2007 | NIL | From RM3,000 | NIL | NIL |
The Latitude | May 2015 |
RM700,000
-
RM1,200,000
RM 465 psf - RM 750 psf |
RM1,700 - RM1,700 | NIL | 3.01 % |
Taman Bukit Erskine | 2014 |
RM215,000
-
RM310,000
RM 328 psf - RM 476 psf |
RM650 - RM650 | NIL | 3.77 % |
Permai Gardens | 2013 |
RM2,000,000
-
RM3,980,000
RM 609 psf - RM 1,122 psf |
RM1,400 - RM1,400 | NIL | 1.89 % |
Taman Seri Setia | 2012 |
RM190,000
-
RM280,000
RM 271 psf - RM 400 psf |
RM750 - RM750 | NIL | 4.98 % |
The Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
Hill View Garden | 2009 |
RM1,300,000
-
RM1,300,000
RM 433 psf - RM 433 psf |
RM2,800 - RM2,800 | NIL | 2.58 % |
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 550 psf | RM 450,000 psf | - |
1,000 - 1,500 SQ. FT | RM 494 psf | RM 670,219 psf | - |
1,500 - 2,500 SQ. FT | RM 443 psf | RM 1,100,000 psf | - |
2,500 - 4,000 SQ. FT | - | RM 1,652,500 psf | - |
4,000 SQ. FT and above | - | RM 1,650,000 psf | - |
Note:
Down Payment (10%) | RM 50,000 |
Loan Amount ( 90 %) | RM 450,000 |
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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