The Light Collection IV

Jalan Pantai Sinaran, 11700 Gelugor, Penang
Condominium Bungalow
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Details:

Developer

Developer of The Light Collection IV, IJM Land Berhad
IJM Land Berhad
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Chinese ad 4621 326x150 01

Facilities

Swimming pool
Wading pool
Gymnasium
Function room
Changing room

Property Details

2017 Mar
(Year of Completion)
This project was completed 4 years ago
RM 1,600,000 - RM 18,240,000
Built Up
1,991 SQ. FT - 7,147 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
3
Total Storeys
6
Total Units
98
Parking
Min. 1

Description

The Light Collection IV is a waterfront collection of homes that are catered to the upmarket with their exclusivity on the seafront. It is a poshly designed development that are being built in several phases, and is located in Gelugor on the touristic island of Penang. This project is a development of IJM Land, one of the leading developers of Malaysia.

The Light Collection IV is the final installation of The Light Collection development, and touts both bungalows and a condominium. There will be a total of only 79 units at the condominium which will be spread out over 3 blocks of six storeys, and 19 bungalow units.

The price for this bit of exclusivity is however very steep, at between RM1,600,000 and RM18,240,000. The smallest unit of home at The Light Collection IV will be 1,991 sf ranging up to 7,147 sf.

Residents of The Light Collection IV will get to enjoy the luxury of living at The Light Collection with the facilities provided. Exclusively for use of residents will be a swimming pool and wading pool, complemented by a function room and changing room. Also for use of residents will be a gymnasium.

The Light Collection IV is also surrounded by myriad amenities in form of shopping malls, resort hotels, corporate parks and office towers. The Tesco hypermarket is almost next door to the development providing convenience of grocery shopping, while within proximity are local schools.

The Light Collection IV is a centrally located development where residents will enjoy not just convenience of access to amenities but to major trunk roads and the Penang Bridge as well. Not only will they be within proximity of the mainland of Penang, but they will also be within a few minutes drive of Georgetown, Gurney Drive and also Bayan Lepas.

The trunk roads that will provide residents of The Light Collection IV convenient access to town is Jalan Sultan Azlan Shah, while the Lebuhraya Tun Dr Lim Chong Eu and Bayan Lepas Expressway will provide easy access to the Penang International Airport.

24-hour
Security
Yes
Pet Friendly
Yes
Eco Friendly (GBI)
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Floor Plans:

Bedrooms 4 + 1
Bathrooms 4 + 1
Category Condominium
Built Up 2551 SQ. FT

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Nearby Amenities:

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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 (%)
The Light Collection IV Mar 2017 RM 799,088 - RM 2,400,000
RM 773 psf - RM 979 psf
NIL NIL NIL
The Light Collection III Jan 2015 RM 1,450,000 - RM 3,388,000
RM 731 psf - RM 1,278 psf
RM 3,500 - RM 3,500 NIL 1.57 %
The Light Collection II Jan 2014 RM 620,000 - RM 2,873,000
RM 852 psf - RM 1,368 psf
RM 1,800 - RM 1,800 RM 698,750 (RM 979 psf) 2.68 %
The Light Collection I Aug 2013 RM 1,020,000 - RM 4,200,000
RM 644 psf - RM 1,340 psf
RM 2,000 - RM 2,000 RM 1,195,000 (RM 769 psf) 2.0 %
The Light Point Jan 2013 RM 1,200,000 - RM 4,350,000
RM 655 psf - RM 1,116 psf
RM 3,500 - RM 3,500 RM 1,565,000 (RM 754 psf) 3.19 %
The Light Linear Sept 2012 RM 897,000 - RM 1,350,000
RM 383 psf - RM 881 psf
RM 2,000 - RM 2,000 RM 1,025,750 (RM 677 psf) 2.3 %
The View 2007 RM 830,000 - RM 1,800,000
RM 397 psf - RM 609 psf
RM 2,000 - RM 2,000 RM 1,059,997 (RM 503 psf) 3.19 %

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 1,003 psf - -
1,000 - 1,500 SQ. FT RM 736 psf - -
1,500 - 2,500 SQ. FT RM 645 psf - -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 758 psf
Non Landed Properties
RM 0 psf
Landed Properties
RM 0 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 160,000
Loan Amount ( 90 %) RM 1,440,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
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Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (1,991 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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.

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