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Palma Laguna at Seberang Jaya, Penang is a freehold condominium that towers at 38 storeys. All it takes is an elevator ride down to the Laguna Water Park located right next to the residence, which is the main highlight of the development.
Palma Laguna houses 350 units, which are divided into 2 distinct designs. Type A would be the biggest unit at a built-up size of 1,100 sf and the other is Type B with a size of 1,040. Regardless of the small difference, both units come with 3+1 bedrooms and 2 bathrooms.
Facilities are wonderful at Palma Laguna. Aside from the vast Laguna Water Park next door that houses a number of slides, Palma Laguna comes with a gymnasium, outdoor jacuzzi and spa, sauna, barbecue pit, rooftop garden, multipurpose hall, and kindergarten centre among others. Security is also ensured with 24-hour security with card access and also CCTV surveillance.
Amenities around the property are easily accessible, with Jalan Baru being the main road used to commute to Taman Pauh Jaya, Bandar Perai Jaya, and also Taman Bunga Raya where you can find shop lots, cafes, restaurants, clinics, banks and even a Mydin Mall, all within a 5 minutes’ drive. There is also a Giant Hypermarket Prima Prai, an AEON Big Penang Prai, a Billion hypermarket, as well as a Sunway Carnival Mall, all just 5 km away. The nearest schools will be the Prai Secondary School, Pauh Jaya Secondary School, and Universiti Teknologi MARA (UiTM) Pulau Pinang.
Accessibility is very good with Jalan Baru connecting Palma Laguna to the North-South Expressway (NSE) and also the Butterworth Outer Ring Road. Traffic may be a little heavy on Jalan Baru during peak hours when most people travel to and from the town of Butterworth or the island of Penang, via the first Penang bridge which is just a short drive from the development.
Palma Laguna is primed to be one of the more sought-after properties in the area, considering its location and accessibility. Of course, the Water Park just downstairs will also be appealing factor to families with children or those looking to rent the homes out as a vacation rental.
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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 (%) |
---|---|---|---|---|---|
Palma Laguna | 0 |
RM265,000
-
RM400,000
RM 254 psf - RM 363 psf |
RM1,000 - RM1,000 | NIL | 4.51 % |
Casa Perdana | July 2011 | From RM580,000 | NIL | 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 | - | - | RM 190 psf |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | RM 1,200,000 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 23,888 |
Loan Amount ( 90 %) | RM 214,999 |
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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