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THE RICE MILLER CITY RESIDENCES

11, Pengkalan Weld, 10300 Georgetown, Penang

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 Categories Condominium

Today
(Under Construction)
This project is estimated to be completed within this year

2017
(Year of Completion)
Launch Price RM 996,250 - RM 3,693,400
Subsale Price NIL
Rental Price NIL
NIL
Maintenance
700 sq ft - 2,530 sq ft
Built Up
Residential
Land Title
Freehold
Tenure
2
Total Blocks
5
Total Storey
99
Total Units
NIL
Parking
See more details about The Rice Miller City Residences

Floor Plans

Bedrooms
0
Bathrooms
1
Category
Condominium
Built Up
700 sq ft

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The Rice Miller City Residences Review

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The Rice Miller City Residences is a residence which offers the unprecedented exclusivity of living within the historical inner city of Georgetown, Penang. Enjoying views of the sea along Weld Quay, the residence is an integral part of The Rice Miller Hub, a multi-faceted and diverse, urban redevelopment of the area with a series of commercial and residential titles. Drawing on the rich history of the island as a port city where people of distinct cultures gathered to trade, work and eventually live, The Rice Miller Hub hopes to revive that sense of coming together with the integration of residences, retail spaces and the luxurious, Rice Miller Hotel within several edifices of colonial-inspired architecture.

The Rice Miller City Residences overlooking the Swettenham Pier and ferry terminal offers 99 units of condominium units, each bearing the premier address of its location in the heart of the UNESCO World Heritage Site. Complying with efforts to sustain the beauty of the historic city, the two residential buildings are only 5 storeys high with arched arcades and windows, and a facade of elegant decorative moulding reminiscence of the island’s foregone colonial times.

Though architecturally inspired by the beauty of the past, the residences at The Rice Miller City Residences endows residents with the utmost comforts of today’s needs, with necessary appliances, quality fittings, built-in storage and 24-hour security with CCTV surveillance, access control and an intercom system. Embracing the demand for individuality and practicality, the homes come in an impressive assortment of 12 layouts, with spaces ranging from a comfortable 700 sf studio to a substantial 2,530 sf 3-bedroom suite.

Amenities at the The Rice Miller City Residences are few albeit luxurious, with access to residents-only facilities such as an infinity pool which appears to be one with the sea, fitness equipment, as well as the luxurious Hammam spa where residents can go to unwind. Residents can also take a stroll along The Carriageway, a shaded promenade where the Rice Miller Hub’s collection of commercial outlets are expected to house a wide selection of restaurants, boutiques and other conveniences upon its completion. The Godown just across The Carriageway also provides a great space for entertainment purposes, being a refurbished and repurposed 1920s warehouse built in colonial times.

The residences at The Rice Miller City Residencesenjoy ease of access to various parts of the city as well as the island. Flanked by the main roads of Church Street Ghaut, Weld Quay, China Street Ghaut and Beach Street on all four sides, the roads join an extensive network of roads and lanes within Georgetown, a testament to the prime location of the residence. The mainland is also just a ferry crossing away, with the terminal being right across Weld Quay. Public transportation, mainly in the form of the Rapid Penang bus, is also a contributing factor to its strategic location, with the Weld Quay Bus Terminal just a short walk away.

Though elegant and convenient living within The Rice Miller City Residences comes with a hefty price ranging between a minimum of RM996,250 to several millions, it might help to see the residences not just as a property, or investment. Rather, the redevelopment may be viewed as the procurement of a slice of history and the satisfaction of being a part of a collective effort in preserving the image of nostalgia in the ever-urbanising city of Georgetown.

Facilities

Infinity pool
Fitness facilities
Hammam spa
Event centre

Extras

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants

Developer

Asian Global Business Sdn Bhd

About AGB

As a developer, we recognise that a vision should frame the DNA of any plan so that feasibility is combined with inspiration and relevance. We adhere to a work culture that is grounded in ethics and professionalism, which means we stand by everything we say and do.

We are currently working on a project in Penang that aims to play a role in rejuvenating its inner city and developing a new community there. The Rice Miller project has a GDC of RM250 million.

Incorporated in July 1999, AGB is privately owned with a shareholders’ fund of RM16 million in January 2011. We also have business interests in hospitality, education, property and conservation management services, and operate out of offices in Kuala Lumpur and Penang.


[More Details: Official Website]

Nearby Property Price Analysis

Upcoming Properties Nearby

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

Property Name Year of Completion Launch Price Ad Selling Price
The Rice Miller City Residences 2017 RM 996,250 - RM 3,693,400 NIL
Shorefront 2017 RM 2,700,000 - RM 9,500,000 NIL
Recently Completed Properties Nearby

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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 Rice Miller City Residences 2017 NIL NIL NIL NIL
Sri Saujana Apartment 2009 RM 160,000 - RM 250,000
RM 290 psf - RM 416 psf
RM 750 - RM 750 RM 533,333 (RM 560 psf) 6.29 %
Taman Harbour View 1995 From RM 300,000 RM 1,000 - RM 1,000 NIL NIL
10 For Sale in Sri Saujana Apartment 9 For Rent in Sri Saujana Apartment 1 For Rent in Taman Harbour View
Nearby Property Transactions Price Trend

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 595 psf
1,000 - 1,500 sq ft RM 542 psf - RM 1,049 psf
1,500 - 2,500 sq ft - - -
2,500 - 4,000 sq ft - - -
4,000 sq ft and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 542 psf
Non Landed Properties
RM 0 psf
Landed Properties
RM 821 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 99,625
    Loan Amount ( 90 %) RM 896,625
    Tenure Years 35 Years
    Interest Rate %
    Interest Amount RM 896,625
    Others (Estimation) RM 10,000
    Personalize Your Mortgage
    Monthly Installment
    RM 3,000 ±
    Mortgage Provided By
    Maintenance Fee
    N / A
    RM N / A psf (700 sq ft)
    Total Monthly Expenses
    RM 3,000 ±
    Home Mortgage Calculator

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