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CostaVilla, situated along Jalan Gajah in Tanjung Tokong, Penang, is a freehold condominium completed in 1993. Despite being built more than 20 years ago, the property and its amenities like the swimming pool, playground, garden, gym and squash court are kept in a good condition. There are just 52 residential units in the entire 10-storey tower, making it a comparatively low density property. The units range from about 820 sf to 940 sf, with 3 bedrooms and 2 bathrooms each.
The layout of CostaVilla’s units might be pretty standard, but where the development truly shines is its location. Due to its proximity to the coastline of Tanjung Tokong, many of the units offer a view of the sea. Also, the condominium is within walking distance to a large number of commercial complexes — Vantage, Precinct 10 and Island Plaza, just to name a few.
Seri Tanjung Pinang is also practically across the road from CostaVilla, giving it access to supermarkets like Tesco and Sam’s Groceria, as well as upscale cafes, restaurants, shops, beauty parlours and the Penang Performing Arts Centre. Travelling along the main road of Jalan Tanjung Tokong in the direction of Georgetown leads to neighbouring areas like Gurney Drive and Pulau Tikus, while travelling in the opposite direction will lead to Tanjung Bungah and the popular tourist hotspot of Batu Feringghi.
Tertiary education institutions like the Wawasan Open University, KDU Penang University College, Penang Medical College, College General and the Tunku Abdul Rahman University College Penang Campus are all within a 5km radius of CostaVilla, adding to the appeal of the condominium.
In short, the prime location of CostaVilla makes it a suitable property for those working in the northern part of Penang, especially for those who work or study in Georgetown but wish to avoid living in the busy city centre.
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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 (%) |
---|---|---|---|---|---|
CostaVilla | 1993 |
RM650,000
-
RM650,000
RM 738 psf - RM 738 psf |
RM1,600 - RM1,600 | NIL | 2.66 % |
Quayside | Apr 2017 |
RM980,000
-
RM26,000,000
RM 666 psf - RM 8,392 psf |
RM2,000 - RM2,000 | NIL | 0.8 % |
The Latitude | May 2015 |
RM700,000
-
RM1,200,000
RM 465 psf - RM 750 psf |
RM1,700 - RM1,700 | NIL | 3.01 % |
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 % |
The Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
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 649 psf | - | RM 348 psf |
1,000 - 1,500 SQ. FT | RM 734 psf | - | - |
1,500 - 2,500 SQ. FT | RM 645 psf | - | - |
2,500 - 4,000 SQ. FT | RM 655 psf | RM 2,566,667 psf | - |
4,000 SQ. FT and above | RM 850 psf | RM 4,445,455 psf | - |
Note:
Down Payment (10%) | RM 65,000 |
Loan Amount ( 90 %) | RM 585,000 |
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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