The Stone is an affordable housing project located in Paya Terubong, Penang. Developed by PLB Land, this property is sited a mere 1km away from the Eco Terraces development spearheaded by EcoWorld.
The Stone will consist of Block A and Block B, the towers will house a total of 1,000 apartment units. Additionally, there will be 4 units of commercial shop lots. The homes are practically sized at 1,000 sf, with a layout of 3+1 bedrooms and 2 bathrooms.
Though The Stone is an affordable housing development, it comes with a myriad of facilities just like a typical condo. Some of the facilities include an infinity pool, children’s pool, gym room, reflexology path, function hall and even a party area, just to name a few.
The development is surrounded by lush green surroundings, filled with fresh natural crisp air from the forest. Residents will be assured of smart green living that encourages better health and vitality.
Located at an easily accessible location, The Stone can be reached via Jalan Paya Terubong, which leads northward to Farlim and Southward to the Bayan Lepas area. The latter is where the Bayan Lepas Free Trade Zone (FTZ) and Penang International Airport are located.
Paya Terubong was once comprised mainly of plantations and farmland before it became densely populated today. While many rustic settlements still remain, high-rise developments have steadily increased in numbers in the area.
Its central location and good connectivity to various parts of the island made it a popular locale for homebuyers. It is approximately 12km away from the George Town city centre, or approximately 20 minutes’ drive with smooth traffic.
The Stone is an excellent option for those who are looking for a centrally located affordable home.
No articles available.
Plan a site visit, or request for more information on this floor plan now!
CLICK HERE TO USE MAP
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 Stone | 2022 |
RM358,000
-
RM427,000
RM 358 psf - RM 427 psf |
RM1,700 - RM1,700 | NIL | 5.2 % |
| Majestic Heights | 2015 |
RM115,000
-
RM195,000
RM 164 psf - RM 278 psf |
RM450 - RM450 | NIL | 4.1 % |
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 29,800 |
| Loan Amount ( 90 %) | RM 268,200 |
| 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.
With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of The Stone? Fill in your details and we will get right back to you!
