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Lavender Park is an apartment development located in Jelutong, Penang. Completed in 2011, the residence is considerably high-density, with 287 units in just 8 storeys.
The freehold homes of Lavender Park come in standard layouts of 3 bedrooms and 1 bathroom, with built-up sizes of 696 sf. Facilities at the residence include a table tennis room, barbecue pits, reflexology path, and community hall. On top of that, 24-hour security is also provided.
Like most other developments in the heart of Jelutong, Lavender Park is within convenient reach of amenities. Just down Lorong Perak nearby are commercial shop lots housing amenities such as eateries, hawker centres, and mini markets. SRJK (C) Sum Sum is also a walkable distance from the property. More amenities like banks, clinics and more schools like SJK (C) Heng Ee, and SMK Heng Ee on the other hand, will require a short drive.
In terms of accessibility, Lavender Park is within close proximity to a number of roads,such as Lorong Perak and Jalan Perak, which links to Jalan Sultan Azlan Shah. The town of Bayan Lepas south of Jelutong and Georgetown north of it are both accessible via Jalan Sultan Azlan Shah, while the Tun Dr. Lim Chong Eu is an alternate route to these key locations.
The units at Lavender Park were launched at prices beginning from RM104,800, with units for sale on the market starting from RM279,999. Rental is relatively low compared to most other high-rises in Jelutong, at RM700 per month.
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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 (%) |
---|---|---|---|---|---|
Lavender Park | Jan 2011 |
RM280,000
-
RM380,000
RM 400 psf - RM 503 psf |
RM700 - RM700 | NIL | 3.18 % |
Setia Sky Ville | Apr 2021 |
RM730,000
-
RM850,000
RM 686 psf - RM 733 psf |
RM1,700 - RM1,700 | NIL | 2.96 % |
Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
Harmony View | 2009 |
RM370,000
-
RM420,000
RM 506 psf - RM 600 psf |
RM950 - RM950 | NIL | 3.01 % |
Taman Kang Har Tong | 2009 |
RM620,000
-
RM620,000
RM 417 psf - RM 417 psf |
RM800 - RM800 | NIL | 1.65 % |
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 | - | - | - |
500 - 1,000 SQ. FT | - | - | RM 1,306 psf |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 10,480 |
Loan Amount ( 90 %) | RM 94,320 |
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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