Login to PropSocial
Are you an agent? Sign Up Here
Not a Propsocial member? Sign Up
Sign Up with PropSocial
Already a Propsocial member? Login
Mutiara Place in Gelugor, Penang, is a freehold apartment residence spanning two 19-storey complexes. Located along Lorong Delima 13 by a small hill, residents get to enjoy views of greenery while those who stay on higher floors will of course, get better views of the first Penang bridge and the sea.
The complex comes with a reasonable density of 142 units sized from 1,130 sf to 1,141 sf. Mutiara Place homes are available on the market for prices of around RM580,000 while rental prices are at about RM1,149.
Facilities in the property can be considered good with a large swimming pool, wading pool, tennis court, jogging track, gymnasium, designated parking bays and landscaped gardens. Security is also ensured by patrolling guards and 24-hour surveillance.
Other amenities in the proximity of Mutiara Place also does not disappoint as there are the usual cafes, restaurants, clinics, banks, and the likes situated along Jalan Bukit Gambier. There is also a Tesco hypermarket which is only 10 minutes away. To add, various tourist attraction spots and major hubs like the Stadium Bandaraya Pulau Pinang, Penang Hill, and the Kompleks Belia dan Sukan Pulau Pinang are just under 5 km away.
There are various schools in the area like SK Jelutong Barat, SK Minden Height, and also various kindergartens such as Smart Reader Kids, Jet Kinderland, and many more. Universiti Sains Malaysia down south of Mutiara Place is also approximately 10 minutes away.
Accessibility is great as the property is placed midway of everything. Access is easy to the first Penang bridge, Bayan Baru, and also Georgetown. The main roads which residents of Mutiara Place will be using most often would be Jalan Bukit Gelugor, Jalan Bukit Gambir, Jalan Yeap Chor Ee, and of course the Jelutong Highway itself. Those who want to take public transportation will be able to use the Rapid Penang buses and various taxi services that frequent the area.
Given the convenient location of Mutiara Place which links to many different key locations like the city centre, the first Penang bridge and Bayan Lepas, the property will do very well in the market as an investment for renting purposes while those wanting it as an actual home to stay in, will also not be disappointed.
No articles available for this property.
Would you like to see our Articles page instead?
CLICK HERE TO USE MAP
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 (%) |
---|---|---|---|---|---|
Mutiara Place | 2003 |
RM520,000
-
RM650,000
RM 472 psf - RM 541 psf |
RM1,500 - RM1,500 | NIL | 2.74 % |
Raffel Tower | Dec 2015 |
RM899,000
-
RM1,600,000
RM 561 psf - RM 1,000 psf |
RM1,500 - RM1,500 | NIL | 2.64 % |
Raffel Residence 199 | 2015 |
RM1,790,000
-
RM1,950,000
RM 450 psf - RM 541 psf |
RM2,500 - RM2,500 | NIL | 2.09 % |
Centrio Avenue | 2013 |
RM298,000
-
RM360,000
RM 427 psf - RM 529 psf |
RM700 - RM700 | NIL | 3.65 % |
Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 2.69 % |
The Oasis | 2012 |
RM480,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.37 % |
27 Green Terraces | 2012 | From RM2,388,000 | 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 | RM 489 psf | - | RM 682 psf |
1,500 - 2,500 SQ. FT | RM 451 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 2,580,000 psf | - |
Note:
Down Payment (10%) | RM 58,000 |
Loan Amount ( 90 %) | RM 522,000 |
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.
With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of Mutiara Place? Fill in your details and we will get right back to you!