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Mutiara Ria is a low rise development located in Bukit Gambier, Penang and was completed years ago to cater to the lower and middle income citizens. Equipped with the basic facilities for the convenience of its residents, Mutiara Ria is now being auctioned for sale at the same price during its launch.
There is a good amount of rental value for this property as it is surrounded by many educational institutions which many of its tenants would be students. With this high demand, the difference between the price of rent for a fully furnished unit and an unfurnished unit would be almost the same.
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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 (%) |
---|---|---|---|---|---|
Mutiara Ria | 1999 |
RM298,000
-
RM329,000
RM 425 psf - RM 470 psf |
RM900 - RM900 | NIL | 3.02 % |
Raffel Tower | Dec 2015 |
RM899,000
-
RM1,600,000
RM 561 psf - RM 1,000 psf |
RM1,500 - RM1,500 | NIL | 2.64 % |
Raffel Residence 199 | 2015 |
RM1,790,000
-
RM1,950,000
RM 450 psf - RM 541 psf |
RM2,500 - RM2,500 | NIL | 2.09 % |
Centrio Avenue | 2013 |
RM298,000
-
RM360,000
RM 427 psf - RM 529 psf |
RM700 - RM700 | NIL | 3.65 % |
Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 3.77 % |
The Oasis | 2012 |
RM480,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.37 % |
Vista Gambier | 2009 |
RM598,000
-
RM750,000
RM 445 psf - RM 558 psf |
RM1,500 - RM1,500 | NIL | 2.82 % |
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 | - | - | - |
1,000 - 1,500 SQ. FT | RM 489 psf | - | RM 682 psf |
1,500 - 2,500 SQ. FT | RM 451 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 2,580,000 psf | - |
Note:
Down Payment (10%) | RM 15,000 |
Loan Amount ( 90 %) | RM 135,000 |
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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