Krystal Point is a commercial development located in Sungai Nibong, Penang. Completed in 2005, the 5-storey single block complex is divided into commercial shop lots on the ground floor while offices occupy the 4 upper floors.
Located at the roundabout where Jalan Tun Dr. Awang, the Sungai Nibong Highway and access way to Jalan Sultan Azlan Shah meet, Krystal Point enjoys high visibility as these roads are frequently travelled by those going to and coming from Bayan Lepas. There are also several high-rise residences nearby, like Krystal Villa just behind Krystal Point as well as Krystal Idaman Apartment and Melati Apartment, among others.
Units at Krystal Point range from sizes of between 820 sf to 3,183 sf with subsale prices starting from RM300,000 while rental is about RM1,350 per month. The commercial lots on the ground floor may be able to ask for higher prices given the development’s location within a wide population catchment area.
Units at Krystal Point are occupied by a wide range of businesses, such as a convenience store, bakery, restaurants, clinics, hair salons and more. They offer convenience to the residents of nearby apartments and condominiums, workers of companies operating in the offices above, as well as to those working in the Bayan Lepas area. The many food and beverage outlets at Krystal Point cater to the lunch-hour crowd on weekdays, comprising those working in the corporations and factories in nearby Bayan Lepas.
Krystal Point is strategically situated along the Sungai Nibong Highway, which links to the Tun Dr. Lim Chong Eu Expressway towards the east and Jalan Tun Dr. Awang to the west. Jalan Sultan Azlan Shah can also be accessed via the roundabout in front of the property. Bayan Lepas is about 15 minutes away through Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway while the first Penang bridge is also not too far off, about 5 minutes’ drive from Krystal Point.
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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 (%) |
|---|---|---|---|---|---|
| Krystal Point | 2005 | From RM300,000 | From RM1,350 | NIL | NIL |
| The CEO | 2012 |
RM280,000
-
RM500,000
RM 608 psf - RM 926 psf |
RM1,550 - RM1,550 | NIL | 4.77 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
| Krystal Garden | 2010 | RM950,000 - RM1,250,000 | RM2,000 - RM4,000 | NIL | 3.27 % |
| i-Avenue | 2008 | RM150,000 - RM558,000 | RM900 - RM4,200 | NIL | 8.64 % |
| Krystal Idaman | 2003 |
RM217,000
-
RM217,000
RM 350 psf - RM 350 psf |
From RM700 | NIL | NIL |
| Taman Sri Nibong | 2001 |
RM729,000
-
RM3,988,888
RM 377 psf - RM 1,139 psf |
RM1,200 - RM1,200 | NIL | 1.07 % |
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 790 psf |
| 500 - 1,000 SQ. FT | - | - | RM 867 psf |
| 1,000 - 1,500 SQ. FT | - | RM 186,584 psf | RM 822 psf |
| 1,500 - 2,500 SQ. FT | - | RM 409,000 psf | RM 449 psf |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 30,000 |
| Loan Amount ( 90 %) | RM 270,000 |
| 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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