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Arcadia is one of the longest-standing apartment residences in Pulau Tikus, Penang. Completed in 1989, the property seems to be fairly well-kept despite its age. There are 30 units housed within the 6-storey residence.
All Arcadia units are built in a standard size of 950 sf, with 3 bedrooms and 2 bathrooms, where the snug homes are ideally for small families. The only facility offered to residents is a covered parking lot, while in addition to that, 24-hour security is also provided.
Arcadia is conveniently close to amenities, located along Jalan Kelawai where just across the street is the Gurney Paragon shopping mall. Countless amenities and conveniences are available there, such as a grocery store, restaurants, Auto Teller Machines (ATM), and even a cinema. To add, Gurney Plaza is also just down the road, while more amenities like banks, clinics, hawker centres and so on are available all along Jalan Burma nearby.
Schools in the Pulau Tikus area are also aplenty, including SMK Westlands, SK Jalan Residensi, SMK Covent Pulau Tikus, St. Christopher’s International School and more. Medical facilities are also conveniently close by, in the form of the Penang Adventist Hospital, Island Hospital, the Gleneagles Penang Medical Centre, and the Loh Guan Lye Specialist Centre.
Accessibility wise, roads like Jalan Kelawai and Jalan Burma connect Arcadia to the centre of Georgetown, while Jalan Macalister not too far off also leads straight to Weld Quay and the Tun Dr. Lim Chong Eu Expressway. The route then leads to the first Penang bridge about 15 minutes away and the industrial area of Bayan Lepas about 25 minutes from the property.
Despite its strategic location, the freehold homes of Arcadia are considerably affordable at subsale prices beginning from RM380,000. Perhaps due to its age and the heavy traffic along Jalan Kelawai which will make living there a little too nightmarish for some. Rental is about average for the area, at RM1,600 a month.
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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 (%) |
---|---|---|---|---|---|
Arcadia | 1989 | From RM380,000 | RM1,650 - RM1,650 | NIL | NIL |
Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM5,500 - RM5,500 | NIL | 2.38 % |
H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
Millennium Tower | 2005 | RM2,870,000 - RM3,850,000 | RM2,400 - RM2,400 | NIL | 1.25 % |
Gurney Palace | 2004 |
RM2,700,000
-
RM3,100,000
RM 675 psf - RM 775 psf |
RM6,500 - RM6,500 | NIL | 2.36 % |
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 597 psf | - | RM 585 psf |
1,000 - 1,500 SQ. FT | RM 616 psf | - | - |
1,500 - 2,500 SQ. FT | RM 993 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | RM 853 psf | - | - |
Note:
Down Payment (10%) | RM 38,000 |
Loan Amount ( 90 %) | RM 342,000 |
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.
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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