Suntech is a office tower located in the heart of Bayan Baru in Penang. It is the first office building to have MSC status in the state of Penang, featuring top-of-the-class facilities to its tenants. Getting to Suntech is extremely convenient with its numerous access roads and public transportation. With its many alluring advantages, many MNC and MSC status companies have set up their businesses here. Suntech is also a favourite of foreigners looking to set up shop in Malaysia as Suntech has a comparatively low set up cost for them.
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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 (%) |
|---|---|---|---|---|---|
| Suntech | 2008 | RM238,000 - RM550,000 | RM1,700 - RM1,700 | NIL | 5.18 % |
| Olive Tree Residences | Dec 2015 |
RM730,000
-
RM1,200,000
RM 426 psf - RM 645 psf |
RM2,200 - RM2,200 | NIL | 3.09 % |
| Jambul Heights | Oct 2015 |
RM500,000
-
RM988,000
RM 349 psf - RM 495 psf |
RM2,800 - RM2,800 | NIL | 4.52 % |
| Promenade Residence | 2015 |
RM390,000
-
RM980,000
RM 400 psf - RM 612 psf |
RM1,300 - RM1,300 | NIL | 2.88 % |
| Arena Residence | 2015 |
RM550,000
-
RM899,000
RM 440 psf - RM 620 psf |
RM1,300 - RM1,300 | NIL | 3.15 % |
| Arena Curve | 2015 | NIL | From RM1,500 | NIL | NIL |
| Elit Heights | 2014 |
RM498,000
-
RM1,580,000
RM 344 psf - RM 614 psf |
RM850 - RM850 | NIL | 2.82 % |
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 770 psf |
| 500 - 1,000 SQ. FT | RM 610 psf | RM 294,000 psf | RM 621 psf |
| 1,000 - 1,500 SQ. FT | RM 467 psf | - | RM 767 psf |
| 1,500 - 2,500 SQ. FT | RM 455 psf | - | RM 400,413 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,497,600 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 22,232 |
| Loan Amount ( 90 %) | RM 200,088 |
| 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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