Straits View is a mixed residential project in the region of Teluk Kumbar, Penang. Being on the southern end of the island, the development is situated close to the Straits of Malacca. Surrounded by luxuriant hills, the project places emphasis on exclusivity and privacy with the idea of low density. The neighbourhood will consist of only 19 landed homes as well as a 20-storey tall condominium residence.
Landed properties within Straits View are made up of 13 units of 3-storey terrace homes, 4 units of semi-detached homes and only 2 exclusive bungalow units. The condominium residence also stays true to the low density concept of the development with an average 4 units per floor, bringing the total to 59 standard units and 8 duplex units. Developed on freehold land, the homes can be owned at starting prices of RM596 psf with minimum built-up spaces of 1,313 sf.
Facilities within Straits View include a club house, a swimming pool, as well as a children’s playground. Established commercial areas around the neighbourhood also provide residents with conveniences such as sundry shops, eateries, banks and much more. Schools in the area are also numerous, including the Fairview International School, Sungai Ara Primary School, Chong Cheng Primary School, Seri Relau National School, and Min Sin Primary School. Queensbay Mall, D’Piazza Mall, Sunshine Square, and a Giant Hypermarket in nearby Bayan Baru are also just a short drive away.
Jalan Bayan Lepas is the main road closest to Straits View, enabling access to and from areas such as Bayan Lepas, Batu Maung, Bayan Baru and the second Penang bridge. There are also roads which connect to the Tun Dr. Lim Chong Eu Expressway and Jalan Sultan Azlan Shah, which lead north to places like Gelugor and Georgetown. The Penang International Airport and Bayan Lepas industrial zones are also mere minutes away.
The strategic location of Straits View and a good variety of housing options certainly appeal to individuals and families of different needs and income. With the continual development of Teluk Kumbar, Straits View holds much potential, whether you intend to purchase the home for your own living or as a form of investment by renting out or reselling in the future.
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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 View | 0 | NIL | NIL | NIL | NIL |
| Platinum III | Mar 2016 |
RM490,000
-
RM670,000
RM 371 psf - RM 503 psf |
RM1,000 - RM1,000 | NIL | 2.48 % |
| Teluk Kumbar Heights | Mar 2016 |
RM599,000
-
RM1,500,000
RM 350 psf - RM 750 psf |
RM1,200 - RM1,200 | NIL | 1.37 % |
| D'Zone Condominium | June 2015 |
RM560,000
-
RM660,000
RM 373 psf - RM 440 psf |
RM1,200 - RM1,200 | NIL | 2.01 % |
| Sunway Aspera | June 2012 |
RM710,000
-
RM850,000
RM 342 psf - RM 425 psf |
RM1,150 - RM1,150 | NIL | 1.77 % |
| Saujana Heights | 1998 |
RM170,000
-
RM280,000
RM 309 psf - RM 400 psf |
From RM700 | 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 | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 74,709 |
| Loan Amount ( 90 %) | RM 672,387 |
| 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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