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Sri Emas is a condominium residence located in Pulau Tikus, Penang. Though completed many years ago in 1991, the development appears well-maintained and quite new despite its age. Comprising 2 blocks, the low-density development only holds 19 units within.
The homes at Sri Emas are freehold, with built-up sizes of 1,100 sf with 3 bedrooms and 2 bathrooms. All units have a similar layout. The only facility provided to residents are parking bays within the compound of the property. On another note, the residence is gated with a guarded entrance providing 24-hour security.
Sri Emas is conveniently within reach of amenities, thanks to its proximity to main roads like Jalan Cantonment, Jalan Burma, Leburaya Peel and Jalan Macalister where commercial shop lots house restaurants, convenience stores, bakeries, clinics and more. Schools are aplenty nearby, such as SMK Westlands, St. Christopher’s International School, Odyssey The Global Preschool, SK Jalan Residensi and more. Shopping malls like Gurney Paragon and Gurney Plaza are also just about 10 minutes’ drive away. Medical facilities like Island Hospital and the Loh Guan Lye Specialist Centre are also not too far off.
The extensive network of roads and lanes around Sri Emas also enable convenient access to other parts of the island, such as Jalan Macalister which links to the heart of Georgetown about 10 minutes from the property. Jalan Perak nearby on the other hand, can connect to Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway, the 2 major routes leading to the first Penang bridge as well as to town like Bayan Lepas.
Given its location, freehold title and large built-up, it is no wonder that the Sri Emas homes are priced from RM1.5 million on the subsale market. Rental is also on the higher end, at RM1,500 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 (%) |
---|---|---|---|---|---|
Sri Emas | 1991 |
RM998,000
-
RM998,000
RM 831 psf - RM 831 psf |
RM1,800 - RM1,800 | NIL | 2.16 % |
Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
Mansion One | 2015 |
RM600,000
-
RM1,300,000
RM 604 psf - RM 1,385 psf |
RM1,500 - RM1,500 | NIL | 3.65 % |
Scott Residence | 2015 |
RM1,450,000
-
RM2,850,000
RM 692 psf - RM 1,400 psf |
RM2,000 - RM2,000 | NIL | 1.59 % |
The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
8 Gurney | 2013 |
RM3,700,000
-
RM6,380,000
RM 464 psf - RM 686 psf |
RM8,500 - RM8,500 | NIL | 2.8 % |
Residence 21 | 2012 |
RM2,950,000
-
RM3,350,000
RM 536 psf - RM 558 psf |
RM7,500 - RM7,500 | NIL | 2.64 % |
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 545 psf | - | RM 585 psf |
1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
1,500 - 2,500 SQ. FT | RM 993 psf | RM 2,000,000 psf | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | RM 6,150,000 psf |
Note:
Down Payment (10%) | RM 150,000 |
Loan Amount ( 90 %) | RM 1,350,000 |
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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