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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.
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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 | RM3,000 - RM3,000 | 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 | - |
Note:
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 |
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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