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The Palazzia is the first shopping promenade to have its floor space all within a single area in Bukit Gambier, Penang. This unique lifestyle-oriented business hub is built on the hillside of Jalan Bukit Gambier. As a lifestyle commercial centre, The Palazzia is equipped with a 20,000 square feet-outdoor exhibition area alongside its shop lots. The development boasts unobstructed views of passing traffic which is an advantage for businesses. The costs for rent may not come cheap but it is a unique and contemporary development with tremendous potential.
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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 Palazzia | 2009 | RM700,000 - RM900,000 | RM1,800 - RM2,600 | NIL | 3.3 % |
White Lily | 2012 |
RM1,320,000
-
RM1,320,000
RM 571 psf - RM 571 psf |
NIL | NIL | NIL |
Ideal Regency | Dec 2009 |
RM550,000
-
RM820,000
RM 387 psf - RM 608 psf |
RM1,200 - RM1,200 | NIL | 3.24 % |
Palm Palladium | Oct 2008 |
RM617,000
-
RM950,000
RM 457 psf - RM 577 psf |
RM1,300 - RM1,300 | NIL | 2.2 % |
Desa Airmas | 2007 |
RM500,000
-
RM1,200,000
RM 468 psf - RM 618 psf |
RM600 - RM600 | NIL | 1.41 % |
Plaza Ivory | 2004 |
RM435,000
-
RM920,000
RM 340 psf - RM 611 psf |
RM430 - RM430 | NIL | 2.15 % |
Palace Hill | 2004 |
RM2,330,000
-
RM2,330,000
RM 665 psf - RM 665 psf |
NIL | NIL | NIL |
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 451 psf |
500 - 1,000 SQ. FT | RM 456 psf | - | RM 816 psf |
1,000 - 1,500 SQ. FT | RM 521 psf | - | - |
1,500 - 2,500 SQ. FT | - | - | RM 510 psf |
2,500 - 4,000 SQ. FT | - | RM 2,090,000 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 70,000 |
Loan Amount ( 90 %) | RM 630,000 |
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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