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City of Dreams in Penang is named after the world renowned City of Dreams in Macao, the international attraction. Aspiring to be as posh a development, City of Dreams in Penang will bear phenomenally attractive architecture whilst overlooking the panoramic seas of the island. It will be located in Sri Tanjong Pinang with very exclusive features.
Buyers of City of Dreams will enjoy a very low density of living with a total of only 572 units housed within two towers of 38 storeys. Each tower will have a total of 286 units of homes, and seven levels of multi-storey parking lots and facility floors.
Every unit will be accorded a minimum of two parking lots and buyers will have a total of five different unit layouts to choose from. The smallest unit is 1,097 sf big with three bedrooms and two bathrooms, while the largest unit stands at 1,335 sf big also with three bedrooms and two bathrooms.
City of Dreams is an upscale development that will provide world class facilities to its residents. Of the most ostentatious facilities being provided is a Rolls Royce limousine service, followed by a private bowling alley, private cinema, private lifts and private lobbies. Being a sea front development, yacht services are also available for residents. The price for these luxuries is a maintenance fee of RM0.30 psf.
Accessibility to City of Dreams is also a win factor with its proximity to the capital of Penang, Georgetown is within minutes of the development. The food haven at Gurney Drive is a stone’s throw away, and lifestyle amenities such as international schools and private medical healthcare centres are just a short drive away.
With the accessibility of major trunk roads such as Jalan Sultan Azlan Shah and the Tun Dr Lim Chong Eu Expressway located within short distance of the development, getting to the Penang Bridge or Penang International Airport will take under half an hour. The mainland of Penang is also easily accessible as is the North-South Expressway.
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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 (%) |
---|---|---|---|---|---|
City of Dreams | 2019 |
RM1,150,000
-
RM4,200,000
RM 970 psf - RM 1,872 psf |
RM2,100 - RM2,100 | NIL | 1.89 % |
One One Eight | 2012 |
RM465,000
-
RM850,000
RM 731 psf - RM 958 psf |
RM1,800 - RM1,800 | NIL | 4.2 % |
Fettes Residences | June 2011 |
RM1,050,000
-
RM2,000,000
RM 433 psf - RM 1,000 psf |
RM2,500 - RM2,500 | NIL | 3.19 % |
The Brezza | 2011 |
RM600,000
-
RM1,250,000
RM 480 psf - RM 912 psf |
RM1,500 - RM1,500 | NIL | 3.08 % |
Fettes Park | 2011 |
RM690,000
-
RM4,300,000
RM 627 psf - RM 833 psf |
NIL | NIL | NIL |
Avalon | Apr 2009 |
RM4,000,000
-
RM4,000,000
RM 888 psf - RM 888 psf |
RM7,000 - RM7,000 | NIL | 2.1 % |
The Bayu | 2008 | From RM600,000 | From RM1,100 | 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 | - | - | RM 645 psf |
500 - 1,000 SQ. FT | RM 715 psf | - | RM 348 psf |
1,000 - 1,500 SQ. FT | RM 533 psf | - | - |
1,500 - 2,500 SQ. FT | RM 605 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 2,566,667 psf | - |
4,000 SQ. FT and above | - | RM 4,325,000 psf | - |
Note:
Down Payment (10%) | RM 145,066 |
Loan Amount ( 90 %) | RM 1,305,600 |
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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