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Desa Cantik in Air Itam Penang, is a very low density apartment complex. This freehold building only has 4 storeys and has been in the market for quite a number of years.
Every unit in the property is 700 sf in built-up size, which is quite tight. Facilities provided in the building are lacking with only a covered paring lot provided. The building does not even have an elevator service. The only security provided is also only a sliding front gate without any guards.
However, there is a decent number of shops around the area where banks, clinics, supermarkets, cafes, restaurants can be found. Residents can also venture out to try the famous Ayer Itam Assam Laksa which is very nearby. Education-wise there are a number of schools in the vicinity, like SJK(C) Kong Min Pusat, Sekolah Kebangsaan Padang Tembak, Chung Ling Private High School, SMKJ(C) Chung Ling, SMK Teknik Tunku Abdul Rahman Putra, and many more.
Those seeking outlets for leisure activities can go to the Penang Turf Club, which is very close by, and the the Sunshine Farlim Shopping Mall. Georgetown is just 15 minutes away while tourist attraction spots like the Penang Hill, Kek Lok Si Temple, and Farlim Night Market are much closer at only 2 minutes away. On top of that the Bats Cave Temple is also just a stone’s throw away.
The location itself is quite secluded. Near-the-hills would be the more appropriate designation. However, accessibility is good with the property being easily reachable through Jalan Air Itam. Traffic congestion is not really an issue as the property is located in a suburban neighbourhood.
Desa Cantik has long passed its prime. Now the property is in need of some touching up. But apart form that, those working nearby may opt for this property. From an investment standpoint, it is not very appealing given its rather secluded location and aged structure.
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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 (%) |
---|---|---|---|---|---|
Desa Cantik | 0 |
RM255,000
-
RM350,000
RM 364 psf - RM 466 psf |
From RM700 | NIL | NIL |
Quattro Zen | 2015 |
RM998,000
-
RM1,000,000
RM 347 psf - RM 374 psf |
NIL | NIL | NIL |
Penhill Perdana | 2007 |
RM530,000
-
RM650,000
RM 459 psf - RM 509 psf |
RM1,500 - RM1,500 | NIL | 2.68 % |
Taman Seri Air Itam | 2003 | RM80,000 - RM115,000 | From RM450 | NIL | NIL |
Taman Bukit Bendera | 2002 |
RM430,000
-
RM430,000
RM 505 psf - RM 505 psf |
RM1,000 - RM1,000 | NIL | 4.05 % |
Desa Mawar | 1999 |
RM125,000
-
RM198,000
RM 227 psf - RM 396 psf |
From RM550 | NIL | NIL |
Penhill Condominium | 1998 |
RM377,000
-
RM510,000
RM 443 psf - RM 510 psf |
RM1,200 - RM1,200 | NIL | 3.25 % |
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 | - | RM 940,000 psf | - |
1,000 - 1,500 SQ. FT | RM 513 psf | RM 959,000 psf | - |
1,500 - 2,500 SQ. FT | - | RM 1,268,000 psf | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | RM 470 psf | - | - |
Note:
Down Payment (10%) | RM 27,500 |
Loan Amount ( 90 %) | RM 247,500 |
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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