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The Light Point is a residential development located on the touristy island of Penang. With a total of 88 units, this low density development is the first phase of the integrated development of The Light Waterfront, Penang. Spanning 152 acres of freehold land, upon its completion residents will be surrounded by a wide range of commercial buildings such as hotels, an IT hub, business centres, office space and also a 7-acre landscaped seafront park.
As each unit comes with a wide and spacious balcony, residents will be able to enjoy the breeze of the sea without leaving their homes. Being a smart home, residents will not only able to control the lights and fans via central command interface, the installation of the Centralised Vacuum System in every unit will also assist in keeping the home dust-free. Sitting just beside Penang Bridge, residents will be able to enjoy good accessibility to either the mainland of Penang or the other major trunk roads such as Jalan Sultan Azlan Shah and Jalan Tunku Kudin.
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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 Light Point | Jan 2013 |
RM1,200,000
-
RM5,000,000
RM 655 psf - RM 1,225 psf |
RM3,500 - RM3,500 | NIL | 2.86 % |
The Light Collection III | Jan 2015 |
RM1,450,000
-
RM3,388,000
RM 702 psf - RM 1,278 psf |
RM1,200 - RM1,200 | NIL | 1.07 % |
The Light Collection II | Jan 2014 |
RM620,000
-
RM2,873,000
RM 809 psf - RM 1,411 psf |
RM1,800 - RM1,800 | NIL | 2.68 % |
The Light Collection I | Aug 2013 |
RM1,020,000
-
RM4,200,000
RM 644 psf - RM 1,340 psf |
RM2,000 - RM2,000 | NIL | 2.0 % |
The Light Linear | Sept 2012 |
RM897,000
-
RM1,400,000
RM 383 psf - RM 877 psf |
RM2,000 - RM2,000 | NIL | 2.25 % |
The View | 2007 |
RM850,000
-
RM1,800,000
RM 407 psf - RM 609 psf |
RM2,000 - RM2,000 | NIL | 3.17 % |
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 1,213 psf | - | - |
1,000 - 1,500 SQ. FT | RM 824 psf | - | - |
1,500 - 2,500 SQ. FT | RM 730 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 3,050,000 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 120,960 |
Loan Amount ( 90 %) | RM 1,088,640 |
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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