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City Residence

Jalan Tanjung Tokong, 10470 Tanjung Tokong, Penang
Condominium
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Details:

Developer

Developer of City Residence, Ivory Properties Group Berhad
Ivory Properties Group Berhad
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Chinese ad 4621 326x150 01

Facilities

Swimming pool
Barbecue pit
Gymnasium
Sauna
Children's playground

Property Details

2017
(Year of Completion)
This project was completed 7 years ago
From RM345,000
RM0.30psf
Built Up
460 SQ. FT - 5,600 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
2
Total Storeys
39
Total Units
202

Description

City Residence is an Ivory Properties Group project located at Tanjung Tokong, Penang (a highly promising area) said to be completed by the end of 2017.

City Residence comprises of 202 residential units on two 39-storey towers built above City Mall retail outlets. There is only approximately five units to a floor. The built-up area ranges from 460 sf to 5,600 sf, with choices of studio units, condominium units and penthouse units.

The facilities provided at City Residence are the basics such as a swimming pool, gymnasium, sauna room, children’s playground and barbecue area. Security will be taken care of with 24-hour protection. Other than that, the higher floors will have gorgeous views of the Penang city line, which will be a view worth paying for, especially in the evenings and nights.

The location of City Residence is considered strategic as well. Not only is it situated on top of its very own resident shopping mall, it is also just a stone's throw away from the food paradise of Georgetown and the highly sought after sea fronting restaurants at Gurney Drive.

Amenities like schools, banks and medical centres are all close on hand and residents will be highly contented living at this paradise as they will be well connected to town and the rest of the island by both Jalan Tanjung Tokong and Jalan Fettes outside their homes, of which the former connects to Jalan Bagan Jermal, Jalan Kelawei and Gurney Drive.

Public transportation is convenient as many busses and cabs pass through the main road outside the condominium. The only downfall to this property is that residents may have to go through congested traffic on Jalan Tanjung Tokong because it is a highly used road by Penangites.

All in all, though the price is rather steep, this beautifully designed mixed development, City Residence, would surely be appealing to individuals and young couples who are looking for cosmopolitan-styled homes and convenience.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (None)
Tanjung Tokong
Go To Neighbourhood
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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 (%)
City Residence 2017 RM970,000 - RM1,800,000
RM 648 psf - RM 1,178 psf
RM2,500 - RM2,500 NIL 6.51 %
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 Brezza 2011 RM600,000 - RM1,250,000
RM 480 psf - RM 912 psf
RM1,500 - RM1,500 NIL 3.08 %
The Peak Residences 2011 RM298,000 - RM1,900,000
RM 389 psf - RM 718 psf
RM1,200 - RM1,200 NIL 1.86 %

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 504 psf - -
1,500 - 2,500 SQ. FT RM 573 psf - -
2,500 - 4,000 SQ. FT - RM 2,566,667 psf -
4,000 SQ. FT and above - RM 4,325,000 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 483 psf
Non Landed Properties
RM 835,865 psf
Landed Properties
RM 508 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 34,500
Loan Amount ( 90 %) RM 310,500
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM138 ±
RM 0.3 psf (460 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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