Springfield, also known as Springfield Condominium is a low rise residential block nestled within the touristy island of Penang. Strategically sitting in this prime location, this condominium has enjoys close proximity to various places within the township, such as Penang International Airport, Bayan Lepas Free Industrial Zone and the Penang Bridge.
Each residential unit here comes with a balcony, where residents will be able to enjoy the scenic view of hills surrounding the residential area. Completed 20 years ago, this condominium might be quite old, but it still attracts a number of investors and buyers due to its low density and tranquil living environment. However, as this residence is a walk-up condominium, it might be of inconvenience for the elderly.
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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 (%) |
|---|---|---|---|---|---|
| Springfield | 1996 |
RM295,000
-
RM450,000
RM 337 psf - RM 529 psf |
RM800 - RM800 | NIL | 3.06 % |
| Cypress Villa | Nov 2015 |
RM1,847,100
-
RM2,750,000
RM 499 psf - RM 687 psf |
NIL | NIL | NIL |
| Idaman Iris | 2013 |
RM350,000
-
RM480,000
RM 411 psf - RM 564 psf |
RM950 - RM950 | NIL | 3.4 % |
| Raintree Garden | 2008 |
RM2,500,000
-
RM2,500,000
RM 500 psf - RM 500 psf |
NIL | NIL | NIL |
| Regency Heights | Mar 2007 |
RM450,000
-
RM620,000
RM 357 psf - RM 484 psf |
RM1,200 - RM1,200 | NIL | 3.14 % |
| 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 |
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 | RM 325,833 psf | - |
| 1,000 - 1,500 SQ. FT | RM 410 psf | RM 472,500 psf | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | RM 356 psf | RM 1,497,600 psf | - |
| 4,000 SQ. FT and above | - | RM 1,918,150 psf | - |
Note:
| Down Payment (10%) | RM 34,000 |
| Loan Amount ( 90 %) | RM 306,000 |
| 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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