Taman Mutiara Vista at Jelutong, Penang is a freehold 27-storey high-rise development by Syarikat Perumahan Negara Berhad (SPNB). 454 units are housed within a single block, making it a very high density residence.
All units will have a single layout of 650 sf and will feature 3 bedrooms and 2 bathrooms, which is a little tight. Facilities are standard with the usual covered car park and children’s playground while 24-hour security and CCTV surveillance are also provided.
Amenities around the property are ample, with Jalan Jelutong being packed with necessities like the usual shop lots, cafes, restaurants, banks, clinics and more. Key areas such as a Tesco, the Jelutong Market, and the Lam Wah Ee Hospital are also nearby. Other amenities include the Pulau Pinang Stadium, the Penang International Squash Centre and also the Badminton International Penang Centre.
There are also quite a number of schools nearby like SK Jelutong Barat, Olympia College, SK Convent Lane, SK Jalan Hamilton, SMK Haji Zaidnudin ABidin, SMK Heng Ee, and SJKC Han Chiang.
Accessibility is the main strength of Taman Mutiara Vista and it does not disappoint with its proximity to downtown Georgetown and the first Penang bridge. Quite a number of roads connect to Jalan Jelutong and they are Jalan Perak, Jalan CY Choy, Jalan Hamilton, and Jalan Dato Keramat. Highways nearby include the Gelugor Highway, Besi Highway and the Tun Dr. Lim Chong Eu Expressway. The extensive web of roads enable Mutiara Vista great connectivity.
Prospective buyers should note that Jalan Jelutong is prone to heavy traffic especially during peak hours. Nevertheless, the completion of the Jelutong Expressway has eased the congestion a little and traffic is more tolerable now.
Taman Mutiara Vista has seen its value increase by quite a large margin over the years. Buyers who purchased initially can already command a hefty profit. Those seeking to rent will also have a steady supply of tenants, with the key factor to that being its very strategic location.
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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 (%) |
|---|---|---|---|---|---|
| Taman Mutiara Vista | 0 |
RM218,000
-
RM350,000
RM 335 psf - RM 538 psf |
RM750 - RM750 | NIL | 3.17 % |
| Grace Residence | 2019 |
RM600,000
-
RM1,450,000
RM 504 psf - RM 878 psf |
RM1,800 - RM1,800 | NIL | 2.51 % |
| 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 % |
| The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
| 86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | 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 494 psf |
| 500 - 1,000 SQ. FT | RM 537 psf | - | RM 1,306 psf |
| 1,000 - 1,500 SQ. FT | RM 498 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 7,500 |
| Loan Amount ( 90 %) | RM 67,500 |
| 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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