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City Mall
Jalan Tanjung Tokong, 10470 Tanjung Tokong, Penang
Shop
Details:
Developer
Ivory Properties Group Berhad
View developer's profile
Property Details
2017
(Year of Completion)
(Year of Completion)
This project was completed 7 years ago
From RM2,625,000
Built Up
3,750 SQ. FT - 14,200 SQ. FT
Land Title
Commercial
Tenure
Freehold
Total Blocks
NIL
Total Storeys
3
Total Units
23
Description
City Mall is a hip and new concept mall, located at Tanjung Tokong, Penang. Part of the mixed development by Ivory Properties Group, it is situated below the much anticipated City Residence. The entire development's completion date is expected to be in 2017.
Space will be limited with high exclusivity at City Mall as there are only 23 units of retail shops available. Each unit will stand at 3-storeys tall with built-up areas that range all the way from 3,750 sf to 14,200 sf. Selling price for these exclusive units have yet to be released, but the indicative selling price is RM700 psf. Units here will be sold bare, which means the shop owners will be able to give full reign to their creative side for their shop's design.
Some of the highlight features of City Mall will be its tropical styled interior that will involve giant palm trees, landscaped elements and water features. Besides that, it will bear the new age open concept style, ensuring abundant natural light and proper ventilation.
When it comes to accessibility, City Mall is situated close to the capital of Penang, Georgetown; which almost guarantees a regular flow of customers. Access to City Mall will be highly convenient by car owners as it is situated beside Jalan Tanjung Tokong, one of the heaviest travelled roads in Penang. As there are plenty of public transportation and taxis at the main road, this shopping mall will see its fair share of public transportation commuters as well.
To sum up, looking at the strategic location of City Mall and with a condominium built on top, there is potential to see a steady flow of customers in the long run. To invest and sublet the unit may be a good way of earning a passive monthly income.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
-
Shops / Malls
Nothing found within 10km
-
Places of Worship
Nothing found within 10km
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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 Mall | 2017 | NIL | NIL | NIL | NIL |
| 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 482 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 262,500 |
| Loan Amount ( 90 %) | RM 2,362,500 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(3,750 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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