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Icon City

Icon City, 14000 Bukit Mertajam, Penang
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Developer

Developer of Icon City, Iconic Development
Iconic Development
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Chinese ad 4621 326x150 01

Property Details

2014
(Year of Completion)
This project was completed 10 years ago
From RM1,688,000
From RM2,880,000
From RM8,000
Built Up
From 3,175 SQ. FT
Land Title
Commercial
Tenure
Freehold
Total Blocks
NIL
Total Storeys
5
Total Units
71

Description

Icon City is a maiden commercial development on the mainland of Penang by Iconic Development Sdn Bhd, not to be confused with the mixed development project of Icon City by Mah Sing in Kuala Lumpur.

While designed to be a captivating commercial development, there are many who have complained that the launching price of this project is overboard especially when there are other more appealing developments on the Penang Island such as Arena Curve at Bayan Baru which costs the same and is in a better location. All of the units at Icon City, Bukit Mertajam were however sold out within months of its launch, as there are many who believe in the feasibility of this project.

NIL
Security
No
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No
Eco Friendly (None)
Bukit Mertajam
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Nearby Amenities:

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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 (%)
Icon City 2014 From RM2,880,000 From RM8,000 NIL NIL
Taman Bayu Mutiara 2009 RM165,000 - RM680,000
RM 49 psf - RM 368 psf
RM1,500 - RM1,500 NIL 4.26 %

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 - RM 820,000 psf -
4,000 SQ. FT and above - RM 1,200,000 psf -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 0 psf
Non Landed Properties
RM 81,101 psf
Landed Properties
RM 393 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 168,800
Loan Amount ( 90 %) RM 1,519,200
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (3,175 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.

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