The OceanView

Lorong Sungai Pinang 1, Bandar Sri Pinang, 11600 Jelutong, Penang
Condominium
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Details:

Developer

Developer of The OceanView, IJM Land Berhad
IJM Land Berhad
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Chinese ad 4621 326x150 01

Facilities

Swimming pool
Children playground
Barbecue area
Gymnasium
Community hall

Property Details

2004 Oct
(Year of Completion)
This project was completed 17 years ago
RM 253,000 - RM 280,000
From RM 455,000
From RM 1,100
RM130/month
Built Up
860 SQ. FT - 880 SQ. FT
Land Title
Residential
Tenure
Leasehold
Total Blocks
1
Total Storeys
11
Total Units
440

Description

The OceanView is a condominium residence located in Jelutong, Penang. Completed in 2004, the single-block complex houses 440 units, with just 11 storeys, which is considerably high-density.

There are 2 types of homes at The OceanView, namely the Type A and Type B. The Type A is the slightly snug variant, at 860 sf. Following that is the Type B, which is 880 sf in built-up space. Both types have 3 bedrooms and 2 bathrooms, which is comfortable enough for a small family.

Ample facilities are offered to residents of The OceanView, with features like a swimming pool, gymnasium, barbecue area, community hall, as well as a children’s playground. On top of that, 24-hour security also provides some peace of mind to residents.

Despite its age, the property remains well-kept, while also gaining a good appreciation in price. Launched at prices of between RM253,000 to RM280,000, units of The OceanView can now be found on the subsale market at rates beginning from RM455,000. This is relatively high, considering its leasehold tenure. Rental is also a little above average, at RM1,100 a month.

Located on the other side of the Tun Dr. Lim Chong Eu Expressway, near Persiaran Karpal Singh, The OceanView enjoys convenient access to a range of amenities in the commercial hubs along the road. The Maritime Waterfront houses cafes, bakeries, restaurants, while other shop lots nearby offer food courts, clinics and the likes. More conveniences can be found in Georgetown not too far away, such as shopping malls like Penang Times Square where everything from retail outlets to grocery stores area available.

Accessibility is highly convenient from The OceanView, where the Tun Dr. Lim Chong Eu Expressway connects to Georgetown, about 10 to 15 minutes away. The highway also leads south to the first Penang bridge, as well as the town of Bayan Lepas, approximately 20 minutes’ drive away. An alternative route to these areas would be Jalan Sultan Azlan Shah which runs parallel to the highway.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants
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Safety
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Bktan1254
The property is close to the seaside, plenty of amenities around and eateries. It is good for investment, since it is conveniently close to the city centre with plenty of tourist around. More traffic will be expected since there will be additional projects nearby.
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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 OceanView Oct 2004 RM 420,000 - RM 545,000
RM 462 psf - RM 626 psf
RM 1,000 - RM 1,000 NIL 2.91 %
The H2O 2016 RM 880,000 - RM 880,000
RM 550 psf - RM 550 psf
RM 1,800 - RM 1,800 NIL 2.45 %
The Maritime Feb 2014 RM 560,000 - RM 1,100,000
RM 812 psf - RM 1,157 psf
RM 1,800 - RM 1,800 NIL 4.55 %
Hexagon Tech Park 2013 From RM 288,400 From RM 1,540 NIL NIL
Summer Place 2011 RM 615,000 - RM 990,000
RM 607 psf - RM 755 psf
RM 650 - RM 650 RM 716,100 (RM 652 psf) 2.73 %
Sri Saujana Apartment 2009 RM 160,000 - RM 265,000
RM 290 psf - RM 416 psf
RM 650 - RM 650 NIL 5.79 %
Desa Pinang 2 2009 RM 225,000 - RM 250,000
RM 350 psf - RM 384 psf
RM 700 - RM 700 NIL 3.68 %

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 475 psf
500 - 1,000 SQ. FT RM 522 psf - RM 161 psf
1,000 - 1,500 SQ. FT RM 652 psf - RM 94 psf
1,500 - 2,500 SQ. FT - - -
2,500 - 4,000 SQ. FT - - RM 168 psf
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 335 psf
Non Landed Properties
RM 680 psf
Landed Properties
RM 333 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 25,300
Loan Amount ( 90 %) RM 227,700
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
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Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 130 ±
RM 130.0 psf (860 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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