D’Zone Condominium at Teluk Kumbar, Penang is freehold project developed by the renowned IOI Properties Group Berhad. Completed in mid 2015, this relatively new property is 18 storeys high and houses a respectable 96 units, making it a low density development. The land itself is a sizeable 3.2 acres.
Three sizes of homes are offered from 1,500 sf, 1,590 sf, and 2,840 sf, housing a standard 4 bedrooms and 3 bathrooms except for the latter which has 5 bedrooms and 5 bathrooms. Every floor will house 7 units and 3 car parks will be designated for every unit purchased.
Facilities are actually very generous with a swimming pool, pool lounge, children’s wading pool, sun deck, pool lounge, snooker room, multipurpose hall, gymnasium, meeting room, and table tennis room among others. For the security-conscious there will be a single-point card access system and also 24 hours security with intercom and monitored CCTV.
Amenities are good around the property with the usual cafes, restaurants, clinics, banks, mini markets all placed along Jalan Teluk Kumbar where the property is located. Tons of schools are nearby such as the Sungai Ara Primary School, Chong Cheng Primary School, Seri Relau National School, Fairview International School, and Min Sin Primary School.
Accessibility is also great with D’Zone Condominium being reachable through Jalan Sultan Azlan Shah, which will be the main commuting road to the north of the island, the Penang International Airport, and the second Penang bridge. Other major hubs around the area include the Jambul Country Club, Queensbay Mall, University Sains Malaysia, Giant Hypermarket Bayan Baru, Hospital Pantai Mutiara, the Penang International Sports Arena, D’Piazza Mall and Sunshine Square.
D’Zone Condominium looks great and is poised to do very well in the property market due to its location. Jalan Teluk Kumbar itself may be susceptible to moderate traffic leading towards Jalan Sultan Azlan Shah, but is still tolerable. The close proximity to the Penang International Airport and the second Penang bridge will give the property much value and appreciation in the future. Both prospects of having it as a home to actually live in or even just for investment purposes will serve buyers quite well.
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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 (%) |
|---|---|---|---|---|---|
| D'Zone Condominium | June 2015 |
RM560,000
-
RM660,000
RM 373 psf - RM 440 psf |
RM1,150 - RM1,150 | NIL | 1.96 % |
| Platinum III | Mar 2016 |
RM490,000
-
RM670,000
RM 371 psf - RM 503 psf |
RM1,000 - RM1,000 | NIL | 2.48 % |
| Teluk Kumbar Heights | Mar 2016 |
RM599,000
-
RM1,500,000
RM 350 psf - RM 750 psf |
RM1,200 - RM1,200 | NIL | 1.37 % |
| Setia Sky Cubes | 2015 | NIL | NIL | NIL | NIL |
| Mont Tierra Residences | Oct 2014 |
RM1,080,000
-
RM1,150,000
RM 366 psf - RM 383 psf |
From RM2,000 | NIL | NIL |
| Pavilion Resort | 2014 |
RM374,000
-
RM920,000
RM 199 psf - RM 525 psf |
RM1,300 - RM1,300 | NIL | 2.92 % |
| Saujana Heights | 1998 |
RM170,000
-
RM280,000
RM 309 psf - RM 400 psf |
From RM700 | 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 | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 49,880 |
| Loan Amount ( 90 %) | RM 448,920 |
| 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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