The OceanView is a condominium residence located in Jelutong, Penang. Completed in 2004, the single-block complex houses 440 units, with just 11 storeys, which is considerably high-density.
There are 2 types of homes at The OceanView, namely the Type A and Type B. The Type A is the slightly snug variant, at 860 sf. Following that is the Type B, which is 880 sf in built-up space. Both types have 3 bedrooms and 2 bathrooms, which is comfortable enough for a small family.
Ample facilities are offered to residents of The OceanView, with features like a swimming pool, gymnasium, barbecue area, community hall, as well as a children’s playground. On top of that, 24-hour security also provides some peace of mind to residents.
Despite its age, the property remains well-kept, while also gaining a good appreciation in price. Launched at prices of between RM253,000 to RM280,000, units of The OceanView can now be found on the subsale market at rates beginning from RM455,000. This is relatively high, considering its leasehold tenure. Rental is also a little above average, at RM1,100 a month.
Located on the other side of the Tun Dr. Lim Chong Eu Expressway, near Persiaran Karpal Singh, The OceanView enjoys convenient access to a range of amenities in the commercial hubs along the road. The Maritime Waterfront houses cafes, bakeries, restaurants, while other shop lots nearby offer food courts, clinics and the likes. More conveniences can be found in Georgetown not too far away, such as shopping malls like Penang Times Square where everything from retail outlets to grocery stores area available.
Accessibility is highly convenient from The OceanView, where the Tun Dr. Lim Chong Eu Expressway connects to Georgetown, about 10 to 15 minutes away. The highway also leads south to the first Penang bridge, as well as the town of Bayan Lepas, approximately 20 minutes’ drive away. An alternative route to these areas would be Jalan Sultan Azlan Shah which runs parallel to the highway.
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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 (%) |
|---|---|---|---|---|---|
| The OceanView | Oct 2004 |
RM410,000
-
RM545,000
RM 462 psf - RM 626 psf |
RM1,000 - RM1,000 | NIL | 2.94 % |
| The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
| The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| Summer Place | 2011 |
RM615,000
-
RM1,150,000
RM 607 psf - RM 838 psf |
RM650 - RM650 | NIL | 2.48 % |
| Sri Saujana Apartment | 2009 |
RM110,000
-
RM260,000
RM 169 psf - RM 417 psf |
RM800 - RM800 | NIL | 7.14 % |
| Desa Pinang 2 | 2009 |
RM250,000
-
RM265,000
RM 384 psf - RM 431 psf |
RM700 - RM700 | NIL | 3.29 % |
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 494 psf |
| 500 - 1,000 SQ. FT | RM 537 psf | - | RM 645 psf |
| 1,000 - 1,500 SQ. FT | RM 618 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 25,300 |
| Loan Amount ( 90 %) | RM 227,700 |
| 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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