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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.
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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 | - |
Note:
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 |
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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