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The Latitude

Mount Erskine, Off Persiaran Halia 1, 10470 Tanjung Tokong, Penang
Condominium
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Details:

Developer

Developer of The Latitude, Ivory Properties Group Berhad
Ivory Properties Group Berhad
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Chinese ad 4621 326x150 01

Facilities

Viewing deck
Mini putting green
Outdoor gym
Sky jogging track
Reading corner
Reflexology path
Children's playground
Barbecue pavilion
Multi-purpose deck
Central garden
Multi-purpose hall
Meditation deck
Water feature
Indoor lounge
Pre-function area
Changing room
Sauna
Patio deck
Exercise lawn
Open lounge
Table tennis
Yoga & Taichi corner
328 degrees viewing deck
Jacuzzi
Cabana
Sun loungers
Infinity pool
Pool deck
Kid's patio
Children's pool
Wading pool
Slide deck

Property Details

2015 May
(Year of Completion)
This project was completed 9 years ago
From RM686,800
From RM750,000
From RM1,450
RM0.18psf
Built Up
1,500 SQ. FT - 5,300 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
2
Total Storeys
43
Total Units
218

Description

The Latitude is a freehold residential property located at Mount Erskine, Penang. This prestigious condominium is easily accessible via Persiaran Halia 1 which is connected to Jalan Fettes, Jalan Tanjong Tokong and Jalan Seri Tanjung Pinang. Bus and taxi services are available in the area for residents’ convenience. Nevertheless, residents will have to face traffic congestion during peak hours when many cars are going to and from Gurney Drive and Georgetown.

Apart from that, it is near the International School of Penang, the Tanjung Tokong National School, Hun Bin Chinese Primary School, Tanjong Bunga Secondary School and Tunku Abdul Rahman College. Other amenities nearby include retail shops, food outlets, banks and offices at Mount Erskine Wet Market, Precinct 10 Food Mall and Prima Tanjung Business Centre for one’s daily needs. It is also just a short drive to Gurney Drive, Penang Adventist Hospital and TESCO Tanjung Pinang. There are also condominiums neighbouring The Latitude like The Peak Residences, Tanjung Park Condominium and Fettes.

A 2-block lavishly designed property, The Latitude displays its 43-storey façade as one of the tallest residential buildings in the whole of Penang Island. Perched 500 feet above sea level, its elevated facilities level allows residents to enjoy the stunning cityscape of Penang.

Consisting of 218 condominium units, with 3 units per floor, The Latitude is innovated to meet the needs of the market for mid-sized luxury condominiums with living spaces ranging from 1,500 sq ft to 5,300 sq ft. To add, there are two lifts serving each block.

The facilities at The Latitude include an infinity pool, wading pool, children’s pool, jacuzzi, gymnasium, yoga and Tai Chi corner, sauna, library, community hall, barbecue pits, reflexology path, jogging track, children’s playground, landscaped garden, mini putting green amongst others. It also comes with 24-hour security surveillance.

Starting price of units for sale are around RM750,000 (which is said to be reasonable), while rent is at RM1,450. Residents of The Latitude will definitely appreciate the exclusiveness of being the only residential unit on that part of the hill. It is a great place to stay for those who are looking for a comfortable and exquisite lifestyle.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (None)
Tanjung Tokong
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Floor Plans:

Bedrooms 3 + 1
Bathrooms 4
Category Condominium
Built Up 1600 SQ. FT

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Nearby Amenities:

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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 Latitude May 2015 RM700,000 - RM1,200,000
RM 465 psf - RM 750 psf
RM1,700 - RM1,700 NIL 3.01 %
Taman Bukit Erskine 2014 RM215,000 - RM310,000
RM 328 psf - RM 476 psf
RM650 - RM650 NIL 3.77 %
One One Eight 2012 RM465,000 - RM850,000
RM 731 psf - RM 958 psf
RM1,800 - RM1,800 NIL 4.2 %
Fettes Residences June 2011 RM1,050,000 - RM2,000,000
RM 433 psf - RM 1,000 psf
RM2,500 - RM2,500 NIL 3.19 %
The Peak Residences 2011 RM298,000 - RM1,900,000
RM 389 psf - RM 718 psf
RM1,200 - RM1,200 NIL 1.86 %
Fettes Park 2011 RM690,000 - RM4,300,000
RM 627 psf - RM 833 psf
NIL NIL NIL
Alila Horizon Apr 2008 RM780,000 - RM1,950,000
RM 478 psf - RM 663 psf
RM1,800 - RM1,800 NIL 3.26 %

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 645 psf
500 - 1,000 SQ. FT RM 649 psf - RM 348 psf
1,000 - 1,500 SQ. FT RM 508 psf RM 738,625 psf -
1,500 - 2,500 SQ. FT RM 585 psf - -
2,500 - 4,000 SQ. FT - RM 1,645,000 psf -
4,000 SQ. FT and above - RM 1,645,000 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 514 psf
Non Landed Properties
RM 549,297 psf
Landed Properties
RM 511 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 68,680
Loan Amount ( 90 %) RM 618,120
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM270 ±
RM 0.18 psf (1,500 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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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