Plaza Ivory is formerly known as University Place or U-Place, a luxury high rise development in Bukit Gambier. The developer used the TAC System Formwork for this project which resulted in a positive reception from the public as this meant that the construction work was more durable, and accuracy and consistency were high in its dimensions and that the structures were perfectly aligned, horizontally and vertically. The development, which comes with a maintenance fee of between RM110 and RM120 per month, is also strategically located with good accessibility to other parts of Penang.
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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 (%) |
---|---|---|---|---|---|
Plaza Ivory | 2004 |
RM 435,000
-
RM 920,000
RM 340 psf - RM 611 psf |
RM 430 - RM 430 | RM 274,563 (RM 548 psf) | 1.8 % |
White Lily | 2012 | From RM 1,200,000 | NIL | NIL | NIL |
Ideal Regency | Dec 2009 |
RM 620,000
-
RM 750,000
RM 387 psf - RM 625 psf |
RM 1,200 - RM 1,200 | RM 637,857 (RM 497 psf) | 2.89 % |
The Palazzia | 2009 | RM 700,000 - RM 900,000 | RM 1,800 - RM 2,600 | NIL | 3.3 % |
Palm Palladium | Oct 2008 |
RM 617,000
-
RM 800,000
RM 534 psf - RM 577 psf |
RM 1,300 - RM 1,300 | RM 560,000 (RM 500 psf) | 2.43 % |
Desa Airmas | 2007 |
RM 548,000
-
RM 618,000
RM 498 psf - RM 618 psf |
RM 600 - RM 600 | NIL | 1.96 % |
Palace Hill | 2004 | From RM 1,950,000 | NIL | NIL | NIL |
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 609 psf |
500 - 1,000 SQ. FT | RM 370 psf | - | RM 606 psf |
1,000 - 1,500 SQ. FT | RM 501 psf | - | - |
1,500 - 2,500 SQ. FT | RM 474 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 565 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 22,000 |
Loan Amount ( 90 %) | RM 198,000 |
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.
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