Palmyra Residences is an enclave of homes located in the prestigious area of Balik Pulau in Penang. It is built and designed specifically for family living, and is dedicated the middle income bracket. It is nevertheless a very well-built and well designed one, within proximity to the Pasar Nelayan which is down the road towards Pulau Betong.
There were however complaints from residents of Palmyra Residences in the year 2012, that there were many non-resident kids who rode their motorbikes into the area and took over the neighbourhood playground. The water in the drains were also said to be stagnant; however, that was also a complaint from the year 2012.
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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 (%) |
|---|---|---|---|---|---|
| Palmyra Residences | 0 |
RM480,000
-
RM650,000
RM 235 psf - RM 400 psf |
RM1,000 - RM1,000 | NIL | 2.55 % |
| Mutiara Residence | 2012 |
RM660,000
-
RM750,000
RM 305 psf - RM 346 psf |
NIL | 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 | - | RM 610,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | RM 970,000 psf | - |
| 4,000 SQ. FT and above | - | RM 580,000 psf | - |
Note:
| Down Payment (10%) | RM 37,300 |
| Loan Amount ( 90 %) | RM 335,700 |
| 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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