The Maritime is a mixed development with leasehold tenure established in Jelutong, Penang by IJM Land. IJM Land is one of the leading property developers in Malaysia, with their commitment to the redefinition of property development in the region.
Completed in 2014, The Maritime is divided into 2 main parts; the Maritime Suite and the Maritime Piazza. These 2 blocks, both being 18-storeys and 20-storeys high respectively, house 240 residential SOHO units with 50 units of shop offices for commercial purposes.
Built-up spaces of 1,140 sf to 6,394 sf can be expected for the shop offices and 883 sf to 1,130 sf for the residential units. Each of the residential unit has 2 to 3 bedrooms accompanied by 1 to 2 bathrooms. The Maritime’s residential units can fetch prices from RM555,000 onwards, which is quite reasonable.
It can be greatly considered that The Maritime is focused on being a family-oriented property. With a swimming pool, and a children’s playground located in the grounds, starting a family here would be very much ideal. Besides, there are both indoor and outdoor gyms. The property also offers the addition of being able to take in spectacular views of the Penang Bridge stretching across the sea and the skyline of Penang. With that, The Maritime is an ideal property to invest and own.
Though placed closer to the shoreline, you can access amenities like eateries and banks located along Jalan Jelutong and in Georgetown, which are relatively near at about 2 kilometers away. The Hospital Pulau Pinang and Loh Guan Lye Hospital are both less than 3 kilometers away while 1st Avenue Mall and Prangin Mall are also just nearby in the city centre. There are also the SMK (P) Methodist, the Penang Japanese School, and SMJK Convent Datuk Keramat schools nearby.
However, there is hardly any public transportation within proximity of the property. Bus routes passing through the area are expected in the future, but for the time being, owning a vehicle would be more convenient for living at The Maritime. The development is accessible via the Tun Dr. Lim Chong Eu Expressway, but congestion along that route is expected, especially during the weekday peak hours.
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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 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 % |
| Desa Pinang 2 | 2009 |
RM250,000
-
RM265,000
RM 384 psf - RM 431 psf |
RM700 - RM700 | NIL | 3.29 % |
| The Spring | Oct 2008 |
RM500,000
-
RM810,000
RM 533 psf - RM 783 psf |
RM1,100 - RM1,100 | NIL | 2.87 % |
| Serina Bay | Mar 2008 |
RM256,000
-
RM450,000
RM 307 psf - RM 507 psf |
RM850 - RM850 | NIL | 3.31 % |
| Harbour Trade Centre | 2005 | From RM350,000 | From RM1,300 | 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 | - | - | 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 55,500 |
| Loan Amount ( 90 %) | RM 499,500 |
| 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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