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Straits Quay at Seri Tanjung Pinang, Penang, is a tasteful colonial-inspired waterfront mall with a good collection of retail outlets and exclusive serviced suites bordering the Straits of Malacca. The highlight of the development is the marina where visitors can catch a glimpse of the various yachts and sail boats docked there and enjoy panoramic views of the city and the sea.
In total, there are 100 retail units with about 270,000 sf of combined net lettable space, as well as 160 units of serviced suites. The serviced suites are located just above the 3-storey retail podium, with units sized between a snug 853 sf to a comfortable 1,800 sf. The residences were launched at prices of about RM600 psf.
Residents of the serviced suites at Straits Quay enjoy access to a swimming pool and tennis court with 24-hour security and monitored access to the suites.
Part of E&O’s grand scheme in the development of the Seri Tanjung Pinang township, the serviced residences and retail units at Straits Quay have seen significant appreciation in value with units on the market beginning at prices of about RM750,000 while rental is also on the high end at a monthly RM2,050.
Amenities within Straits Quay itself include various food and beverage outlets, grocery stores, convenience stores, boutiques, spas, hairdressers and cafes. The Tesco Seri Tanjung Pinang is also just nearby while many other commercial hubs, and even Gurney Drive are just a short drive away. Schools in the area include the Pelita International School, SK Tanjung Tokong, SJK (C) Hun Bin, and the Penang Chinese Girls’ High School.
Located just off Jalan Tanjung Tokong, Straits Quay is just about 15 minutes’ drive to the Georgetown city centre and is highly accessible to and from other parts of the city and the island given the extensive network of roads and lanes around. Major roads and highways nearby include Jalan Kelawai, Jalan Burma, Pengkalan Weld, and the Tun Dr. Lim Chong Eu Expressway.
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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 (%) |
---|---|---|---|---|---|
Straits Quay | Nov 2010 |
RM660,000
-
RM4,600,000
RM 761 psf - RM 1,422 psf |
RM2,000 - RM2,000 | NIL | 2.05 % |
Quayside | Apr 2017 |
RM980,000
-
RM26,000,000
RM 666 psf - RM 8,392 psf |
RM2,000 - RM2,000 | NIL | 0.8 % |
One One Eight | 2012 |
RM465,000
-
RM850,000
RM 731 psf - RM 958 psf |
RM1,800 - RM1,800 | NIL | 4.2 % |
Fettes Residences | June 2011 |
RM1,050,000
-
RM2,000,000
RM 433 psf - RM 1,000 psf |
RM2,500 - RM2,500 | NIL | 3.19 % |
The Brezza | 2011 |
RM600,000
-
RM1,250,000
RM 480 psf - RM 912 psf |
RM1,500 - RM1,500 | NIL | 3.08 % |
Avalon | Apr 2009 |
RM4,000,000
-
RM4,000,000
RM 888 psf - RM 888 psf |
RM7,000 - RM7,000 | NIL | 2.1 % |
Villa Batu Bukit | 2004 |
RM570,000
-
RM620,000
RM 590 psf - RM 620 psf |
RM1,000 - RM1,000 | NIL | 2.1 % |
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 645 psf |
500 - 1,000 SQ. FT | - | - | RM 348 psf |
1,000 - 1,500 SQ. FT | RM 993 psf | - | - |
1,500 - 2,500 SQ. FT | RM 743 psf | - | - |
2,500 - 4,000 SQ. FT | RM 818 psf | RM 3,050,000 psf | - |
4,000 SQ. FT and above | RM 1,071 psf | RM 5,474,286 psf | - |
Note:
Down Payment (10%) | RM 75,000 |
Loan Amount ( 90 %) | RM 675,000 |
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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