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Regency Heights is a freehold condominium with 4 blocks of 16 storeys each, accommodating a total of 529 units. The project was completed in 2007, and has risen steadily in value since. This is due to several reasons, such as its tranquil elevated location in a less crowded area of Sungai Ara, backed by a hill.
At most there are just 8 units per floor, all of them arranged around the stairs and lift lobby in the centre, resulting in a high level of privacy. Moreover, this floor layout allows each of the Regency Heights's outward-facing units to command wide angle views of the surrounding, be it the sea or the hill. The units are available with 3 to 6 bedrooms, 2 bathrooms and smart home features.
Guarded 24 hours by a security team and accessible via a multi-tier card system, Regency Heights has a safe, family-friendly environment with plenty of spaces for young children to play and run around. Residents can enjoy facilities like swimming pools, playgrounds, fish ponds, pathways, gardens, a gymnasium, function rooms, a multipurpose semi-open space.
The condominium might not be very suitable for those without their own transport, as the nearest bus stop is a 15-minute walk away on Jalan Dato Ismail Hashim. Residents who drive, however, will find Regency Height's location fairly convenient as within its vicinity there are several primary and secondary schools like SK Sungai Ara, SMK Sungai Ara, SJK (C) Min Sin, and SK Relau, as well as clinics, convenience stores, and eateries within 5 to 10 minutes from the condominium.
Driving slightly further will lead to even more amenities like a Tesco hypermarket, Queensbay Mall, Elit Heights and Pantai Hospital Penang. Thus, with these factors, the Regency Heights condominium is indeed a good choice for investment, as well as to live in, especially for those who work in Bayan Lepas, Batu Maung and of course Sungai Ara.
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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 (%) |
---|---|---|---|---|---|
Regency Heights | Mar 2007 |
RM450,000
-
RM620,000
RM 357 psf - RM 484 psf |
RM1,200 - RM1,200 | NIL | 3.14 % |
Cypress Villa | Nov 2015 |
RM1,847,100
-
RM2,750,000
RM 499 psf - RM 687 psf |
NIL | NIL | NIL |
Taman Sungai Ara | 2015 |
RM700,000
-
RM2,150,000
RM 314 psf - RM 811 psf |
RM2,800 - RM2,800 | NIL | 2.36 % |
Raintree Garden | 2008 |
RM2,500,000
-
RM2,500,000
RM 500 psf - RM 500 psf |
NIL | NIL | NIL |
Sunrise Garden | 2005 |
RM445,000
-
RM520,000
RM 404 psf - RM 459 psf |
RM1,100 - RM1,100 | NIL | 2.91 % |
Aramas | 2005 |
RM340,000
-
RM560,000
RM 321 psf - RM 485 psf |
From RM800 | NIL | NIL |
Vistaria Condominium | 2004 |
RM380,000
-
RM520,000
RM 345 psf - RM 520 psf |
RM1,000 - RM1,000 | NIL | 2.77 % |
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 423 psf | - | - |
1,000 - 1,500 SQ. FT | RM 410 psf | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | RM 356 psf | - | - |
4,000 SQ. FT and above | - | RM 2,177,200 psf | - |
Note:
Down Payment (10%) | RM 53,000 |
Loan Amount ( 90 %) | RM 477,000 |
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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