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The Octagon is a mixed development spearheaded by One Octagon Sdn Bhd, located in the heart of the proposed cultural centre of Ipoh city. The single tower of 23 storeys will house serviced residences, a retail and shopping centre, as well as covered car parks. The Octagon has also been built on the site of the famous Yau Tet Shin bazaar, making this one of its unique selling points.
There are 138 residential units and 21 commercial shops in The Octagon, with built-ups ranging from 522 sf to 1,382 sf, spanning out 11 types of variants. The smallest units are 522 sf, with 1 bedroom and 1 bathroom. Units ranging from 700 sf to 1,000 sf have an average 1 bedroom, 1 study and 2 bathrooms, while the largest unit has 3 bedrooms and 2 bathrooms. The launch price for The Octagon ranges between RM270,800 to RM1,272,000, creating an affordable option for tenants and investors. With this set up, The Octagon is also a suitable option for locals and expatriates alike.
With the Octagon, the developer has proven to put luxury first, providing facilities and ensuring that residents live in comfort. Its serviced residence title rings true, with concierge services provided to residents, assisting them with tasks like making reservations, calling a taxi, and so on. The Octagon is equipped with a sky infinity pool, a sky gym and a jogging track to ensure tenants get to stay fit and healthy amidst the hustle and bustle of city life.
The commercial component of The Octagon aims to attract tourists, with its proposal for a variety of businesses segregated on different floors, such as food and beverage outlets on the first floor, and cultural services on the second. This is in line with the state government’s efforts to promote tourism in Ipoh and Perak.
With The Octagon, the developers have focused on a “revamping history” approach. As mentioned, the project is built on the site of the once famous Yau Tet Shin bazaar, and is surrounded by Ipoh City’s rich culture. The Octagon is also located at the junction of Ipoh’s famous Jalan Theatre, Jalan Jubilee, and Jalan Clare.
With The Octagon located nearby the Ipoh city centre, residents need not worry about the lack of amenities. Restaurants are scattered throughout the area, all a drive, or even a walk away. Financial institutions such as Hong Leong Bank and Public Bank are also within reach, while a range of services from tailors to vehicle repair are all within reach. For those who require public transport, there are busses which frequent the vicinities, and the Ipoh Railway Station is also nearby, enabling convenient connectivity for The Octagon residents.
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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 Octagon | 2016 |
RM480,000
-
RM618,000
RM 595 psf - RM 673 psf |
NIL | NIL | NIL |
Kinta Riverfront | 2009 |
RM348,000
-
RM498,000
RM 312 psf - RM 430 psf |
RM1,600 - RM1,600 | NIL | 6.24 % |
Damaipuri Condominium | 2007 |
RM500,000
-
RM998,000
RM 295 psf - RM 355 psf |
RM1,300 - RM1,300 | NIL | 2.8 % |
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 27,080 |
Loan Amount ( 90 %) | RM 243,720 |
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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