Midlands Condominium is a completed medium-cost leasehold condominium located between Jalan Burma and Persiaran Midlands in Pulau Tikus, Penang. It is ideal for those who would like to stay in a convenient proximity to their jobs or their children’s educational institutions in Georgetown. The 25-storey tower has 260 units – on average 12 standard units to a floor – with built-up areas of approximately 750 sf onwards.
There are also two penthouse units on the highest floor, with a built-up area of about 2,100 sf each. Facilities provided in the condominium include a multi-storey covered car park, a gymnasium, swimming pool, sauna, playground, tennis court, squash court, multipurpose hall and 24-hour security surveillance.
As Midlands Condominium is situated in the matured Pulau Tikus area of George Town, there is no lack of urban amenities in the vicinity like banking and finance centres, schools and medical facilities. Just next to the property is the Midlands One-Stop Centre, where many affordable retail and eating options can be found without having to brave through the traffic of George Town.
Gurney Drive is a short 10-minute drive or 15- minute walk away, where an even wider range of eateries, entertainment and shopping outlets can be found at the Gurney Paragon mixed development, Gurney Plaza and Gurney Drive Hawker Centre.
The Penang Adventist Hospital, Adventist Medical Centre and schools like SK Convent Pulau Tikus and SK St. Xavier are all less than 500m from the condominium, while the scenic, peaceful Penang Botanic Gardens and its nearby waterfall are just 3km away. The condominium is also accessible via RapidPenang buses 101, 102, 103 and 304.
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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 (%) |
|---|---|---|---|---|---|
| Midlands Condominium | 1996 |
RM330,000
-
RM1,590,000
RM 412 psf - RM 795 psf |
RM1,300 - RM1,300 | NIL | 2.23 % |
| Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
| The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | 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 % |
| H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
| Millennium Tower | 2005 | RM2,870,000 - RM3,850,000 | RM2,400 - RM2,400 | NIL | 1.25 % |
| Gurney Palace | 2004 |
RM2,700,000
-
RM3,100,000
RM 675 psf - RM 775 psf |
RM6,500 - RM6,500 | NIL | 2.36 % |
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 597 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 1,168 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | RM 853 psf | - | - |
Note:
| Down Payment (10%) | RM 42,000 |
| Loan Amount ( 90 %) | RM 378,000 |
| 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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