City Residence

Condominium
Jalan Tanjung Tokong, 10470 Tanjung Tokong, Penang
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Developer

Ivory Properties Group Berhad
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Developer of City Residence, Ivory Properties Group Berhad

Facilities

Swimming pool
Barbecue pit
Gymnasium
Sauna
Children's playground

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 (GBI)
Nearby Restaurants


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2017
(Year of Completion)
This project was completed 2 years ago
  • From RM 345,000
  • NIL
  • NIL
  • RM0.30psf
Built Up
460 sq ft - 5,600 sq ft
Land Title
Residential
Tenure
Freehold
Total Blocks
2
Total Storey
39
Total Units
202
Parking
NIL

Nearby Amenities

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Did you know?

Check out the value of surrounding upcoming properties to make the best buying decision.

Property Name Year of Completion Launch Price Ad Selling Price
City Residence 2017 From RM 345,000 RM 970,000 - RM 1,870,000
RM 776 psf - RM 1,700 psf
Marinox Sky Villas 2016 From RM 819,000 RM 780,000 - RM 2,200,000
RM 515 psf - RM 1,020 psf
The Penthouse 2016 RM 3,500,000 - RM 5,000,000 RM 802,000 - RM 3,500,000
RM 438 psf - RM 700 psf
The Landmark 2017 RM 1,677,500 - RM 3,132,800 RM 3,880,000 - RM 3,880,000
RM 1,291 psf - RM 1,291 psf
City Mall 2017 From RM 2,625,000 NIL
Mont Residence 2018 From RM 980,000 RM 890,000 - RM 1,050,000
RM 725 psf - RM 828 psf
The Tamarind 2019 From RM 600,000 RM 760,000 - RM 1,200,000
RM 725 psf - RM 934 psf
8 For Sale in City Residence 12 For Rent in City Residence 29 For Sale in Marinox Sky Villas 11 For Rent in Marinox Sky Villas 2 For Sale in The Penthouse 1 For Rent in The Penthouse 1 For Sale in The Landmark 2 For Rent in The Landmark

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 RM 970,000 - RM 1,870,000
RM 776 psf - RM 1,700 psf
RM 2,600 - RM 2,600 NIL 3.09 %
The Latitude May 2015 RM 780,000 - RM 2,100,000
RM 520 psf - RM 1,400 psf
RM 1,800 - RM 1,800 NIL 4.65 %
Taman Bukit Erskine 2014 From RM 205,000 RM 650 - RM 650 NIL NIL
One One Eight 2012 RM 530,000 - RM 530,000
RM 757 psf - RM 757 psf
RM 2,800 - RM 2,800 NIL 6.34 %
Fettes Residences Jun 2011 RM 1,100,000 - RM 4,200,000
RM 616 psf - RM 1,800 psf
RM 3,000 - RM 3,000 NIL 2.94 %
The Peak Residences 2011 RM 530,000 - RM 7,200,000
RM 395 psf - RM 5,500 psf
RM 1,350 - RM 1,350 NIL 0.55 %
The Brezza 2011 RM 630,000 - RM 1,300,000
RM 504 psf - RM 896 psf
RM 2,000 - RM 2,000 NIL 3.33 %
8 For Sale in City Residence 12 For Rent in City Residence 15 For Sale in The Latitude 16 For Rent in The Latitude 9 For Rent in Taman Bukit Erskine 2 For Sale in One One Eight 2 For Rent in One One Eight

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 571 psf
500 - 1,000 sq ft RM 650 psf - -
1,000 - 1,500 sq ft RM 589 psf RM 543 psf RM 638 psf
1,500 - 2,500 sq ft RM 648 psf - -
2,500 - 4,000 sq ft - RM 976 psf -
4,000 sq ft and above - RM 1,619 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 465 psf
Non Landed Properties
RM 833 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 34,500
    Loan Amount ( 90 %) RM 310,500
    Tenure Years 35 Years
    Interest Rate 4.85%
    Others (Estimation) RM 10,000
    Apply now
    Monthly Installment
    RM 3,000 ±
    Mortgage Provided By Hong Leong Bank
    Maintenance Fee
    RM 138 ±
    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.

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