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Jermal Jaya is an apartment development located on the fringes of Pulau Tikus, Penang. The property is fairly well-maintained, with slight sign of wear and tear, hinting at its age since being completed in 1997.
The residence is made up of just 1 block, with 7 storeys holding 46 units. The homes are amply sized, at 900 sf, with all units sharing a standard 3 bedrooms and 2 bathrooms layout. Jermal Jaya provides parking lots for use by residents, while 24-hour security is also provided.
Jermal Jaya may not be able to fetch prices as high as most apartment and condominium residences of similar size, facilities and age in the centre of Pulau Tikus, given its location. However, the homes can still fetch decent prices, with units for sale on the market beginning from RM570,000. Rental is also considerably high, at RM1,600 per month.
Situated off Jalan Bagan Jermal, Jermal Jaya is within reach of certain amenities along the road, such as eateries and a veterinarian. More amenities can be found along Jalan Burma not too far off, where the many commercial lots offer restaurants, eateries, hawker centres, clinics, banks and the likes. Schools in the vicinities include the Penang Chinese Girls’ High School, while the Penang Adventist Hospital is close at hand. Shopping malls such as Gurney Plaza and Gurney Paragon are also just a short distance away at Gurney Drive.
Jermal Jaya is located along Jalan Bagan Jermal, which ends at an intersection branching out to Jalan Tanjung Tokong (to Batu Ferringhi), Gurney Drive and Jalan Kelawai. While on the other end of Jalan Bagan Jermal is Jalan Burma, which connects the property to the Georgetown city centre. Further down along the aforementioned road is Weld Quay and the Tun Dr. Lim Chong Eu Expressway, which links to the first Penang bridge as well as towns like Bayan Lepas.
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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 (%) |
---|---|---|---|---|---|
Jermal Jaya | 1997 | From RM570,000 | RM1,500 - RM1,500 | 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 % |
Taman Kristal | 2002 |
RM280,000
-
RM450,000
RM 386 psf - RM 642 psf |
RM800 - RM800 | NIL | 3.28 % |
Marina Bay | 2001 |
RM550,000
-
RM1,200,000
RM 408 psf - RM 644 psf |
RM1,500 - RM1,500 | NIL | 5.59 % |
Gurney Park | 1999 |
RM650,000
-
RM850,000
RM 670 psf - RM 876 psf |
RM1,300 - RM1,300 | NIL | 3.36 % |
The Regency | 1999 |
RM2,900,000
-
RM3,800,000
RM 717 psf - RM 850 psf |
RM5,000 - RM5,000 | NIL | 2.1 % |
Grand View | 1998 |
RM468,000
-
RM1,068,000
RM 347 psf - RM 608 psf |
RM1,100 - RM1,100 | NIL | 2.72 % |
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 549 psf | - | - |
1,000 - 1,500 SQ. FT | RM 483 psf | - | - |
1,500 - 2,500 SQ. FT | RM 937 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | RM 853 psf | - | - |
Note:
Down Payment (10%) | RM 57,000 |
Loan Amount ( 90 %) | RM 513,000 |
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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