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Pearl Villas is a residential neighbourhood of landed homes which is part of the self-sustainable Pearl City township development in Simpang Ampat, Penang. Offering a selection of modern and sophisticated terraces, semi-detacheds and bungalows, the 335 residences are a welcoming home for families of all sizes and needs.
There are 152 units of terrace homes, with built-up spaces of 2,324 sf. These unit types offer 4 bedrooms and 3 bathrooms. The 164 semi-detached units are slightly more spacious, with interior spaces of 2,830 sf with a layout of 4+1 bedrooms and 4 bathrooms. There are only 19 exclusive bungalows, which are expansive with a built-up area of 4,111 sf.
Upon the launch of Pearl Villas, the homes were priced at RM318,000, which is relatively affordable for their generous size. Since its completion in 2010, the residences have appreciated in value, with prices on the subsale market beginning from RM438,000. Rental is also considerably affordable, at monthly rates of at least RM800.
The gated and guarded Pearl Villas is a family-centred neighbourhood, encouraging wholesome living. There are a range of facilities within, which include fitness amenities like a swimming pool and gymnasium. There is also a children’s pool and playground to ensure fun for everyone in the family. To add, the community hall is also a functional space for residents to host events, parties and get-togethers with family and friends.
Being situated in the township of Pearl City, Pearl Villas is conveniently close to amenities. The Pearl City Mall houses food and beverage outlets, a supermarket as well as retail outlets, while there are also a number of schools in the vicinities. Residents with school-going children can rejoice in the neighbourhood’s location close to schools like the GEMS International School Pearl City, SK Bandar Tasek Mutiara and SMK Bandar Tasek Mutiara. More amenities can found along Route 1, such as banks, petrol stations, clinics, pharmacies and more.
Accessibility is also not a problem, given that Pearl City is just a short drive from Route 1. South along the route is the town of Batu Kawan, approximately 20 minutes from the development, as well as access to the North-South Expressway (NSE). From there, the second Penang bridge is also within reach. Up north, both Route 1 and the NSE link to towns like Bukit Mertajam and Seberang Perai, as well as the first Penang bridge, about 30 minutes away.
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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 (%) |
---|---|---|---|---|---|
Pearl Villas | 2010 |
RM780,000
-
RM1,600,000
RM 361 psf - RM 463 psf |
From RM800 | NIL | NIL |
Pearl Residence | June 2015 |
RM420,000
-
RM780,000
RM 169 psf - RM 390 psf |
RM1,000 - RM1,000 | NIL | 2.2 % |
Pearl Indah | 2014 |
RM415,000
-
RM2,400,000
RM 29 psf - RM 348 psf |
From RM1,000 | 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 31,800 |
Loan Amount ( 90 %) | RM 286,200 |
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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