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K Residence is a beautifully designed and newly launched condominium by Kar City Development. This freehold condominium property is located in the Seberang Jaya township on mainland Penang.
K Residence consists of a single block 16 storeys high with a total of 142 units. There are 3 different types of design and layout, starting from the intermediate unit of 1,338 sf with 4 bedrooms and 2 bathrooms. Next, the corner unit is 1,664 sf in size and also comes with 4 bedrooms and 2 bathrooms. The spacious Penthouse is a roomy 2,842 sf with 5+2 bedrooms, 4 bathrooms.
Facilities include a swimming pool, gymnasium, steam bath, library, guests’ car park, motorcycle parking area and a 3-storey parking lot for residents. Residents are also ensured peace of mind with 24-hour CCTV surveillance, as well as trained security personnel.
There is a wide-range of amenities just nearby K Residence. For instance, Hospital Seberang Jaya, the KPJ Specialist Hospital and Bukit Mertajam Specialist Hospital are some of the medical centres within the vicinities of K Residence, as well as several clinics in the area.
For shopping and dining, residents can venture to a number of shopping malls just a few kilometres away from the condominium. There is an Aeon Big outlet, Tesco hypermarket and also the Sunway Carnival Mall. Besides that, several schools are also in the area such as SK Permai Indah, Sekolah Menengah Teknik Seberang Perai, and SK Seberang Jaya.
K Residence is also located near to several universities such as University Technology Mara (UiTM) Pulau Pinang and Open University Malaysia. Hence, the property is expected to be successful as investors could purchase the units and rent it out to the staff and students of the universities in the area.
Another advantage of the condominium is the location itself. Only 10 minutes to the first Penang bridge. With its convenient location and close proximity to several amenities, K Residence is a good choice for individuals and families to settle down or as a form of investment.
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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 (%) |
---|---|---|---|---|---|
K Residence | 0 |
RM500,000
-
RM500,000
RM 300 psf - RM 300 psf |
From RM1,300 | NIL | NIL |
Rivere Garden | 2014 | From RM599,000 | From RM1,400 | NIL | NIL |
Taman Kelisa Emas | 2009 |
RM370,000
-
RM370,000
RM 337 psf - RM 337 psf |
From RM700 | 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 | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
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 37,400 |
Loan Amount ( 90 %) | RM 336,600 |
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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