Min
Max
2,000 2,000,000
Min
Max
2 5

The Rise

Jalan S.P. Chelliah, 10100 Georgetown, Penang
Condominium
Community Reviews
Editor's Review
  • Editor's Review
  • Community Reviews
  • Articles (0)
Cleanliness
Safety
Traffic
Quietness

Details:

Developer

Developer of The Rise, Zubicon Sdn Bhd
Zubicon Sdn Bhd
View developer's profile
Chinese ad 4621 326x150 01

Facilities

Multi storey car park
Rooftop garden
Futsal court
Badminton court
Community hall
Kindergarten
Linear park
Green space

Property Details

2018
(Year of Completion)
This project was completed 6 years ago
RM72,500 - RM220,000
RM60/month
Built Up
700 SQ. FT - 1,000 SQ. FT
Land Title
Residential
Tenure
Leasehold
Total Blocks
3
Total Storeys
43
Total Units
1900
Parking
Min. 1

Description

The Rise in Georgetown, Penang is one of the Penang State Government’s efforts in the provision of affordable housing. Formerly known as Chelliah Park City, the housing scheme is a compact, mixed development designed with the concept of sustainability and self-containment in mind.

The development which spans a land area of 11 acres will be equipped with public facilities worth RM25 million, including a bus terminal, bicycle lanes, pedestrian walkways, a surau, a linear park, a greenspace, as well as the beautification of Sungai Pinang.

Residences at The Rise consist of 3 blocks of 43 storeys high towers which are able to sustain 1,900 condominium units at a variety of sizes and prices to meet the requirements of affordable while also comfortable homes. Prices range from lower medium to medium cost, with RM72,500 for the 700 sf units, RM200,000 for the 800 sf units, RM300,000 for the 900 sf units and RM400,000 for the largest, 1,000 sf units.

Residents of The Rise will be able to enjoy facilities no different from a number of condominium developments outside the affordable housing scheme in Penang, such as a rooftop garden, badminton court, futsal court, community hall and even a kindergarten to cater to working parents with young children, all on top of the public linear park and green space.

The Rise is conveniently situated in the city centre with many shops and eateries around the area. The property is also just minutes away from shopping malls such as Penang Times Square and Prangin mall at Komtar. Located within convenient access to The Rise are also major roads such as Jalan Dato Keramat, Jalan Sungai Pinang and others which can lead to Jalan Sultan Azlan Shah and Tun Dr. Lim Chong Eu Expressway, connecting to Bayan Lepas and the first Penang Bridge.

With its location within the city centre and affordability, the project has been highly anticipated. Procuring a unit is also not an easy task as buyers have to go through a balloting process, which is the only method that the Penang State Government is selling the units, on top of the limited number of each type of unit. There are only 80 units of the 1,000 sf type, 165 units of the 900 sf type, 885 units of the 800 sf type and 770 units of the 700 sf type.

However, given the soaring prices of homes on the island, it might be worth trying your luck and if you are fortunate enough, you might just end up with a home that is well worth its price.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (None)
Georgetown
Go To Neighbourhood
Cleanliness
Safety
Traffic
Quietness


  Be the first to rate and review The Rise

No articles available for this property.

Would you like to see our Articles page instead?

Interested in
The Rise?

Register your details now!

Nearby Amenities:

CLICK HERE TO USE MAP

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 (%)
The Rise 2018 RM338,000 - RM480,000
RM 411 psf - RM 600 psf
RM1,000 - RM1,000 NIL 3.64 %
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
Residence 21 2012 RM2,950,000 - RM3,350,000
RM 536 psf - RM 558 psf
RM7,500 - RM7,500 NIL 2.64 %
Lavender Park Jan 2011 RM280,000 - RM380,000
RM 400 psf - RM 503 psf
RM700 - RM700 NIL 3.18 %
Summer Place 2011 RM615,000 - RM1,150,000
RM 607 psf - RM 838 psf
RM650 - RM650 NIL 2.48 %
Birch The Regency 2009 RM445,000 - RM750,000
RM 468 psf - RM 736 psf
RM1,400 - RM1,400 NIL 4.04 %

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 532 psf - RM 645 psf
1,000 - 1,500 SQ. FT RM 638 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 384 psf
Non Landed Properties
RM 570 psf
Landed Properties
RM 818 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 7,250
Loan Amount ( 90 %) RM 65,250
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 60 ±
RM 60.0 psf (700 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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.

Let Us Help You

With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of The Rise? Fill in your details and we will get right back to you!

Not Logged in
Not Logged in Not Logged in
Cleanliness
Quietness
Safety
Traffic