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Promenade Residence is one of the newer developments on the island of Penang located within Bayan Baru, which was previously known as D'Cascadium. It is a strategically located development which resulted in many parties obtaining a home here despite doubts on the capabilities of the developer. Promenade Residence will be located within a short drive of the Penang Free Trade Zone, Penang International Airport and Sultan Abdul Halim Muadzam Shah Bridge.
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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 (%) |
---|---|---|---|---|---|
Promenade Residence | 2015 |
RM390,000
-
RM980,000
RM 400 psf - RM 612 psf |
RM1,300 - RM1,300 | NIL | 2.88 % |
Olive Tree Residences | Dec 2015 |
RM730,000
-
RM1,200,000
RM 426 psf - RM 645 psf |
RM2,200 - RM2,200 | NIL | 3.09 % |
Arena Residence | 2015 |
RM550,000
-
RM899,000
RM 440 psf - RM 620 psf |
RM1,300 - RM1,300 | NIL | 3.15 % |
Arena Curve | 2015 | NIL | From RM1,500 | NIL | NIL |
Elit Heights | 2014 |
RM498,000
-
RM1,580,000
RM 344 psf - RM 614 psf |
RM850 - RM850 | NIL | 2.82 % |
One Precinct | Nov 2013 | RM460,000 - RM880,000 | RM950 - RM3,000 | NIL | 3.54 % |
1-Sky | 2013 |
RM520,000
-
RM999,000
RM 364 psf - RM 605 psf |
RM1,600 - RM1,600 | NIL | 3.4 % |
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 770 psf |
500 - 1,000 SQ. FT | RM 688 psf | RM 325,833 psf | RM 441 psf |
1,000 - 1,500 SQ. FT | RM 447 psf | RM 472,500 psf | RM 625 psf |
1,500 - 2,500 SQ. FT | RM 452 psf | - | RM 400,413 psf |
2,500 - 4,000 SQ. FT | RM 351 psf | RM 1,497,600 psf | - |
4,000 SQ. FT and above | - | RM 1,141,000 psf | - |
Note:
Down Payment (10%) | RM 35,000 |
Loan Amount ( 90 %) | RM 315,000 |
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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