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The Peak Residences is one of the luxurious residential developments sitting in the vicinity of Tanjung Tokong, Penang. Spread out upon 13.7 acres of land, this high rise residential block that is situated 500 feet above sea level enables residents to enjoy the magnificent city view from its 20,000 sf rooftop garden, which also links the three residential blocks.
With its impressive and modern architecture, this development that comprises three high rise condominiums provide a luxurious lifestyle with its facilities. Of the many facilities available is a swimming pool, rooftop garden and water features. Developed by a renowned developer on the Penang Island, this will be the best place for growing families, and with the bigger units, multigenerational families as well.
With close proximity to Tanjung Tokong and Penang Island, residents will have excellent accessibility to public amenities and township facilities such as shopping malls, beaches, education institutions and also the food haven of Gurney Drive.
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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 Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
The Latitude | May 2015 |
RM700,000
-
RM1,200,000
RM 465 psf - RM 750 psf |
RM1,700 - RM1,700 | NIL | 3.01 % |
Taman Bukit Erskine | 2014 |
RM215,000
-
RM310,000
RM 328 psf - RM 476 psf |
RM650 - RM650 | NIL | 3.77 % |
Fettes Residences | June 2011 |
RM1,050,000
-
RM2,000,000
RM 433 psf - RM 1,000 psf |
RM2,500 - RM2,500 | NIL | 3.19 % |
Fettes Park | 2011 |
RM690,000
-
RM4,300,000
RM 627 psf - RM 833 psf |
NIL | NIL | NIL |
Alila Horizon | Apr 2008 |
RM780,000
-
RM1,950,000
RM 478 psf - RM 663 psf |
RM1,800 - RM1,800 | NIL | 3.26 % |
Taman Evergreen | 2008 |
RM360,000
-
RM899,000
RM 514 psf - RM 600 psf |
RM950 - RM950 | NIL | 1.66 % |
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 791 psf |
500 - 1,000 SQ. FT | RM 649 psf | - | RM 342 psf |
1,000 - 1,500 SQ. FT | RM 508 psf | RM 738,625 psf | - |
1,500 - 2,500 SQ. FT | RM 585 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 1,645,000 psf | - |
4,000 SQ. FT and above | - | RM 1,645,000 psf | - |
Note:
Down Payment (10%) | RM 50,301 |
Loan Amount ( 90 %) | RM 452,709 |
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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