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Avenue Garden (GDV: RM92.8 mil) is a freehold serviced apartment comprising 2.5 acres of land amid the larger 1,146 acre Pearl City development located at Bandar Tasek Mutiara (Pearl City), Simpang Ampat in Penang.
The development comprises two towers rising 17 storeys with 5 Storey carpark (Ground floor to 4th Floor) featuring practical layouts and a range of built-up sizes to cater to family needs. There are a total of 312 units, in both towers, with each unit entitled to two carpark bays.
There are five types of floor plans. Type A is the smallest layout, with a built-up of 775 sq ft comprising two bedrooms and two bathrooms. Type B has a built-up of 990 sq ft, comprising three bedrooms and two bathrooms. Type C has a built-up of 990 sq ft, comprising three bedrooms and two bathrooms. Type D has a built-up of 1098 sq ft, comprising 3+1 bedrooms and two bathrooms. For larger families, Type E features a built-up space of 1163 sq ft, comprising 3+1 bedrooms and two bathrooms. Selling prices for Avenue Garden start from RM217,000 or RM280 psf. Current uptake for the project stands at 99.9%.
The gated and guarded serviced apartment is also complemented with lifestyle facilities such as swimming pool, wading pool, jacuzzi pool, gym, reflexology area, BBQ area, a children's playground, games room, study room, multi-purpose hall and others.
Avenue Garden is commercial titled and it is situated in an integrated and dynamic self-sufficient township where residents can enjoy a myriad of amenities such as shopping, dining, leisure and entertainment, all conveniently within walking distance from the residence.
The township also houses the first full-facility international school in Mainland Penang - GEMS International School, a globally renowned school for quality education.
With a built-up space of 200,000 sq ft, the school commenced in September 2015 and caters for a total student capacity of 1,500 which is slated to meet anticipated demand from locals as well as the growing expat population in Mainland Penang.
In addition, Pearl City Mall Phase 1 located on 8.7 acres of land in the township began operations in April 2016 along with the anchor tenants comprising C-Mart, Quan-U Furniture and Mr DIY and retailers such as Subway, Blackwood, Kopitan Classic and Watson Pharmacy.
The mall has received good response from the shoppers as it provides a full range of products, food and beverage options and services for the convenience of existing and future residents of the township. Future developments in the business park include a proposed sports complex, proposed medical centre and more food and beverage outlets in Pearl City Mall Phase 2.
Avenue Garden is easily accessible via the North-South Expressway and Federal Highway. The development is also close to Batu Kawan, a town within the South Seberang Perai District which is 23km away from the Second Penang Bridge.
As part of the overall expansion plan in Seberang Perai, the arrival of IKEA Batu Kawan, being the first store in the northern region will further extend convenient access to functional and quality home furnishings at affordable prices.
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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 (%) |
---|---|---|---|---|---|
Avenue Garden | 0 |
RM370,000
-
RM389,000
RM 392 psf - RM 477 psf |
RM1,000 - RM1,000 | NIL | 3.48 % |
Pearl Indah | 2014 |
RM415,000
-
RM2,400,000
RM 29 psf - RM 348 psf |
From RM1,000 | 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 | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | RM 584,250 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 21,700 |
Loan Amount ( 90 %) | RM 195,300 |
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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