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University Heights is a condominium residence located in Sungai Dua, Penang. Comprising of 2 blocks towering 20 storeys in height, there is a total of 224 homes made up of standard units and more exclusive penthouses. Completed in 1995, the property displays signs of its age with a facade of peeled paint and water stains.
The 210 standard units at University Heights are sized between 800 sf to 1,000 sf with 3 bedrooms and 2 bathrooms. There are only 14 penthouses, which are at least 1,600 sf in built-up size. Market rates for the units begin from a minimum of RM405,000 while rental is approximately RM1,000 per month. Most units for rent come partially furnished, with few being completely bare as a majority of them have been occupied.
Facilities at University Heights are ample, with a swimming pool, gymnasium, squash court, tennis court and landscaped garden. Parking is divided into that of residents and visitors to ensure enough parking spaces while security is 24 hours with a guarded entrance.
Being close to the Universiti Sains Malaysia (USM) campus, University Heights enjoys easy access to a range of amenities available in the student-packed area. These include eateries, restaurants, convenience stores, mini markets, clinics, and even a Tesco Extra supermarket, which are all within walking distance from the property. About 5 minutes’ drive will take residents to several commercial hubs like Pan Palace Plaza and Krystal Point, where banks and even more conveniences can be found. Schools nearby are SMK Bukit Jambul, SRJK (C) Keng Hoe, and SMJK Phor Tay among others.
Situated along Jalan Sungai Dua, University Heights enjoys easy access to Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway. The first Penang bridge is a mere few minutes’ drive from the property while the town of Bayan Baru is about 10 minutes away. Bayan Lepas is an additional 5 minutes’ journey from Bayan Baru. Meanwhile, Georgetown at further northward is a little over 15 minutes’ drive from University Heights.
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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 (%) |
---|---|---|---|---|---|
University Heights | 1997 |
RM430,000
-
RM3,000,000
RM 505 psf - RM 3,000 psf |
RM400 - RM400 | NIL | 0.66 % |
Taman Pantai Indah | Dec 2016 | NIL | NIL | NIL | NIL |
Vilaris | Jan 2016 |
RM1,088,000
-
RM2,500,000
RM 291 psf - RM 519 psf |
NIL | NIL | NIL |
White Lily | 2012 |
RM1,320,000
-
RM1,320,000
RM 571 psf - RM 571 psf |
NIL | NIL | NIL |
The Uban Residence | 2010 |
RM880,000
-
RM1,300,000
RM 418 psf - RM 650 psf |
RM2,200 - RM2,200 | NIL | 2.15 % |
Ideal Regency | Dec 2009 |
RM550,000
-
RM820,000
RM 387 psf - RM 608 psf |
RM1,200 - RM1,200 | NIL | 3.24 % |
The Palazzia | 2009 | RM700,000 - RM900,000 | RM1,800 - RM2,600 | NIL | 3.3 % |
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 | RM 540 psf | - | RM 886 psf |
1,000 - 1,500 SQ. FT | RM 488 psf | RM 476,667 psf | - |
1,500 - 2,500 SQ. FT | RM 447 psf | - | RM 510 psf |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 40,500 |
Loan Amount ( 90 %) | RM 364,500 |
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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