Vista Gambier is a single, high rise development located amidst the lush greenery of the housing area of Island Glades and Bukit Gambier. Strategically placed in the centre of Penang, the ‘V’ shaped property of Vista Gambier is a low density project with only eight units per floor, two layouts for residents to choose from, and resort-style facilities.
Vista Gambier is the first project for a developer whose primary business is in manufacturing, and there were concerns of whether the company was reliable and whether the property would be good. In the initial stages of the development, homeowners discovered that the built-up for the intermediate units were bigger than what as stated in the S&P agreement but was blocked by a wall.
While it was good news to some, others were not so pleased as this meant that they had to spend more money to remove the wall in order to enjoy the extra space. Another issue voiced out by the homeowners was the balcony which appeared spacious in the brochures; but during a visit to the unit, the balcony was noticeably narrow, with hardly enough space to fit a standard-sized clothes dryer.
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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 (%) |
|---|---|---|---|---|---|
| Vista Gambier | 2009 |
RM598,000
-
RM750,000
RM 445 psf - RM 558 psf |
RM1,500 - RM1,500 | NIL | 2.82 % |
| Raffel Tower | Dec 2015 |
RM899,000
-
RM1,600,000
RM 561 psf - RM 1,000 psf |
RM1,500 - RM1,500 | NIL | 2.64 % |
| Raffel Residence 199 | 2015 |
RM1,790,000
-
RM1,950,000
RM 450 psf - RM 541 psf |
RM2,500 - RM2,500 | NIL | 2.09 % |
| Centrio Avenue | 2013 |
RM298,000
-
RM360,000
RM 427 psf - RM 529 psf |
RM700 - RM700 | NIL | 3.65 % |
| Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 3.77 % |
| The Oasis | 2012 |
RM480,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.37 % |
| Mutiara Place | 2003 |
RM520,000
-
RM650,000
RM 472 psf - RM 541 psf |
RM1,500 - RM1,500 | NIL | 2.74 % |
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 | RM 489 psf | - | RM 682 psf |
| 1,500 - 2,500 SQ. FT | RM 451 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,525,000 psf | - |
| 4,000 SQ. FT and above | - | RM 2,624,444 psf | - |
Note:
| Down Payment (10%) | RM 35,000 |
| Loan Amount ( 90 %) | RM 315,000 |
| 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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