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Summer Place is a seaside condominium residence located in Jelutong, Penang. The leasehold development was completed in 2011 and comprises 3 blocks of residential towers each 22 story tall, housing 531 total units.
There are 4 types of condominium units available at Summer Place. Type A is sized at 1,464 sf followed by Type B at 1,313 sf. Both types have 4 bedrooms and 2+1 bathrooms. Type C is 1,109 sf in size while Type D is the smallest at 1,012 sf. Both have 3 bedrooms and 2 bathrooms. Each unit comes with 2 allocated parking lots. The strategically located and spacious homes were launched at prices of between RM283,000 to RM462,000.
Facilities at Summer Place are numerous with a large swimming pool overlooking the Straits of Malacca, a wading pool, poolside cabanas for lounging, shaded jacuzzis, indoor and outdoor gymnasiums, a jogging track, games room, reading rooms, half basketball court, and barbecue area among others. There is also a multi-storey car park for ample parking and 24-hour security with a card access system and CCTV surveillance.
Summer Place enjoys access to a range of amenities. The Maritime Automall located along Karpal Singh Drive hosts a range of cafes, restaurants, bakeries, and more while other amenities like banks, clinics, convenience stores, supermarkets and so on can be found in the many commercial hubs in the Jelutong area. SK Jelutong, SJK (C) Kheng Tean, SRJK (C) Sum Sum, and SMK Abdullah Munshi are some of the schools located a short drive away from the property.
Summer Place enjoys ease of access to other parts of the city and the island. Located just off the Tun Dr. Lim Chong Eu Expressway, the residence is under 10 minutes’ drive to the Georgetown city centre and the first Penang bridge. The Tun Dr. Lim Chong Eu Expressway along with Jalan Sultan Azlan Shah also lead to the town of Bayan Lepas, Batu Maung and the second Penang bridge about 20 minutes’ drive south of the island.
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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 (%) |
---|---|---|---|---|---|
Summer Place | 2011 |
RM615,000
-
RM1,150,000
RM 607 psf - RM 838 psf |
RM650 - RM650 | NIL | 2.48 % |
The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
Sri Saujana Apartment | 2009 |
RM110,000
-
RM260,000
RM 169 psf - RM 417 psf |
RM800 - RM800 | NIL | 7.14 % |
Desa Pinang 2 | 2009 |
RM250,000
-
RM265,000
RM 384 psf - RM 431 psf |
RM700 - RM700 | NIL | 3.29 % |
The Spring | Oct 2008 |
RM500,000
-
RM810,000
RM 533 psf - RM 783 psf |
RM1,100 - RM1,100 | NIL | 2.87 % |
Serina Bay | Mar 2008 |
RM256,000
-
RM450,000
RM 307 psf - RM 507 psf |
RM850 - RM850 | NIL | 3.31 % |
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 494 psf |
500 - 1,000 SQ. FT | RM 537 psf | - | RM 645 psf |
1,000 - 1,500 SQ. FT | RM 618 psf | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 28,300 |
Loan Amount ( 90 %) | RM 254,700 |
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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