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PSA from Poppy
Any payments to be made upon concluding a sale/tenancy should be made to the Agency and not to an individual.
Please be aware that agents should not be asking for upfront payments to view a property. If in doubt, please contact the Agency.
Properties for Sale in The Rise
Showing 13 Properties For Sale In The Rise
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About The Rise
The Rise in Georgetown, Penang is one of the Penang State Government’s efforts in the provision of affordable housing. Formerly known as Chelliah Park City, the housing scheme is a compact, mixed development designed with the concept of sustainability and self-containment in mind. The development which spans a land area of 11 acres will be equipped with public facilities worth RM25 million, including a bus terminal, bicycle lanes, pedestrian walkways, a surau, a linear park, a greenspace, as well as the beautification of Sungai Pinang. Residences at The Rise consist of 3 blocks of 43 storeys high towers which are able to sustain 1,900 condominium units at a variety of sizes and prices to meet the requirements of affordable while also comfortable homes. Prices range from lower medium to medium cost, with RM72,500 for the 700 sf units, RM200,000 for the 800 sf units, RM300,000 for the 900 sf units and RM400,000 for the largest, 1,000 sf units. Residents of The Rise will be able to enjoy facilities no different from a number of condominium developments outside the affordable housing scheme in Penang, such as a rooftop garden, badminton court, futsal court, community hall and even a kindergarten to cater to working parents with young children, all on top of the public linear park and green space. The Rise is conveniently situated in the city centre with many shops and eateries around the area. The property is also just minutes away from shopping malls such as Penang Times Square and Prangin mall at Komtar. Located within convenient access to The Rise are also major roads such as Jalan Dato Keramat, Jalan Sungai Pinang and others which can lead to Jalan Sultan Azlan Shah and Tun Dr. Lim Chong Eu Expressway, connecting to Bayan Lepas and the first Penang Bridge. With its location within the city centre and affordability, the project has been highly anticipated. Procuring a unit is also not an easy task as buyers have to go through a balloting process, which is the only method that the Penang State Government is selling the units, on top of the limited number of each type of unit. There are only 80 units of the 1,000 sf type, 165 units of the 900 sf type, 885 units of the 800 sf type and 770 units of the 700 sf type. However, given the soaring prices of homes on the island, it might be worth trying your luck and if you are fortunate enough, you might just end up with a home that is well worth its price.
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