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Straits Residences

Serviced Residence
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Details:

Developer

Developer of Straits Residences, Kerjaya Prospek Group
Kerjaya Prospek Group
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Chinese ad 4621 326x150 01

Facilities

Infinity Lap Pool
Jacuzzi Pool
Wading Pool
Gym Room
Children's Play Area
Pool Deck
BBQ Area
Roof Garden

Property Details

2020 Dec
(Year of Completion)
This project was completed 4 years ago
RM1,022,000 - RM1,897,000
Built Up
861 SQ. FT - 1,690 SQ. FT
Land Title
Tenure
Freehold
Total Blocks
NIL
Total Storeys
NIL
Total Units
246

Property Review Video Contributed by iherng

Disclaimer: The views and opinions expressed in the video above are those of the author and do not necessarily reflect the official policy or position of PropSocial. The primary purpose of this video is to share personal views and knowledge, it does not constitute professional advice of any sort.

Description

Straits Residences in Penang is a serviced residence development by Kerjaya Prospek Property Sdn Bhd. It is situated along Jalan Seri Tanjung Pinang, next to Straits Quay Marina Mall, and offers cosmopolitan seafront living a stone’s throw from Georgetown, further enhanced with privacy features.

The lifestyle development offers 246 freehold units with built-ups from 861 sq ft to 1,356 sq ft. Launch prices for the project ranged from RM1.02 mil onwards to RM1.80 mil onwards, or an average of about RM1,180 psf.

Home buyers and prospective investors can choose from six unit types offering 1-bedroom or 2-bedroom layouts, which have been designed to maximise use of space. All units are equipped with smart home technology such as digital door locks and voice assistance, providing convenience to residents while increasing value of the homes overall.

Leveraging on Straits Residences’ scenic site, unit types A, E and F come with a marina seaview, while type D is beautified by a panoramic seaview of Gurney Drive. Meanwhile, types B and C can choose between a view of the sea or Seri Tanjung Pinang itself.

In terms of pull factors, Straits Residences caters for upmarket sensibilities with its colonial architecture and design, along with amenities attuned to the needs of modern families.

A recreational deck located on the 29th floor of the building features an infinity lap pool, jacuzzi pool, wading pool, function room, gym room, nursery, children’s play area and pool deck. Roof top facilities include a barbeque area and roof garden.

The project’s location is a plus point, as it is situated within the luxurious neighborhood of Seri Tanjung Pinang, reported to be Penang Island’s largest masterplanned seafront project. The 12-acre development is strategically placed between the serene hills of Batu Ferringhi and bustling Gurney Drive.

It also benefits from proximity to the Straits Quay mall-cum-marina, which offers a wide range of attractions from boutiques, bistros, seafood restaurants, seaside cafes and bars to boat rides all set against the backdrop of a scenic waterfront environment.

In addition, the lifestyle shopping mall offers amenities such as grocery and local specialty stores, catering for the needs of residents in the project as well as the surrounding area. Tesco Seri Tanjung Pinang is also just a 10-minute walk away, for added convenience.

For those who want to enjoy the best of both worlds, they can take a 10-minute drive down to Gurney Drive to savour local delicacies at Gurney Drive Food Street, which is right next to the Gurney Plaza shopping haven.

Given the scarcity of land on Penang Island itself, many new developments are concentrated towards Batu Kawan, near the Second Penang Bridge. This positions Straits Residences as one of the few remaining high-rise gems to be found close to Georgetown, with a price tag to match.

Should the Penang Transport Master Plan proceed as proposed, the project also stands to benefit from proximity to the Tanjung Pinang monorail station in the Tanjung Tokong line, providing connectivity to further points of interest.

NIL
Security
NIL
Pet Friendly
No
Eco Friendly (None)
Tanjung Tokong
Go To Neighbourhood
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Floor Plans:

Bedrooms 2
Bathrooms 2
Category Serviced Residence
Built Up 1356 SQ. FT

Plan a site visit, or request for more information on this floor plan now!

Nearby Amenities:

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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 (%)
Straits Residences Dec 2020 RM941,850 - RM2,200,000
RM 846 psf - RM 1,486 psf
RM3,000 - RM3,000 NIL 3.44 %
Quayside Apr 2017 RM980,000 - RM26,000,000
RM 666 psf - RM 8,392 psf
RM2,000 - RM2,000 NIL 0.8 %
One One Eight 2012 RM465,000 - RM850,000
RM 731 psf - RM 958 psf
RM1,800 - RM1,800 NIL 4.2 %
Fettes Residences June 2011 RM1,050,000 - RM2,000,000
RM 433 psf - RM 1,000 psf
RM2,500 - RM2,500 NIL 3.19 %
The Brezza 2011 RM600,000 - RM1,250,000
RM 480 psf - RM 912 psf
RM1,500 - RM1,500 NIL 3.08 %
Straits Quay Nov 2010 RM660,000 - RM4,600,000
RM 761 psf - RM 1,422 psf
RM2,000 - RM2,000 NIL 2.05 %
Avalon Apr 2009 RM4,000,000 - RM4,000,000
RM 888 psf - RM 888 psf
RM7,000 - RM7,000 NIL 2.1 %

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 - - RM 645 psf
500 - 1,000 SQ. FT RM 715 psf - RM 348 psf
1,000 - 1,500 SQ. FT RM 993 psf - -
1,500 - 2,500 SQ. FT RM 728 psf - -
2,500 - 4,000 SQ. FT RM 818 psf RM 3,050,000 psf -
4,000 SQ. FT and above RM 1,071 psf RM 5,474,286 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 698 psf
Non Landed Properties
RM 1,058,342 psf
Landed Properties
RM 519 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 102,200
Loan Amount ( 90 %) RM 919,800
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (861 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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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