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Lebuh Pasar in Georgetown, Penang, is a street located within the UNESCO Heritage Site Core Zone. The road had gotten its name after a shoreside market which was located on Market Street Ghaut, before the reclamation of land upon which Victoria Street and Weld Quay are situated today. The market still stands and is fully functioning till now.
Lebuh Pasar, has become more commonly known as “Little India” by local Penangites, given the conspicuous presence of many south Indians who had settled along the street centuries ago. Hence, the stretch of double and triple storey pre-war shophouses are now home to many colourful textile shops, saree boutiques, money changers, prayer supplies shops as well as eateries.
Amenities within the vicinities of Lebuh Pasar are also aplenty, with banks, cafes, hotels, hawker centres among others. Places of interest like the Sun Yat Sen Museum, Pinang Peranakan Mansion and the Clan Jetties are also within walking distance.
Located between Jalan Masjid Kapitan Keling and Beach Street on either ends respectively, Lebuh Pasar is just two streets away from Pengkalan Weld. The street also runs parallel to Lebuh Armenian, also two streets away, and is situated close to other popular streets such as Lebuh Chulia, Love Lane, Jalan Muntri, Lebuh Farquhar and Lebuh Light.
Most shop units along Lebuh Pasar are occupied, however, the few available on the market carry a hefty price tag of about RM1,950,000 which is typical for pre-war properties in the area. Hence, investing in the area may require deep pockets and the right timing when any units come onto the market.
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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 (%) |
---|---|---|---|---|---|
Lebuh Pasar | 0 | From RM1,950,000 | NIL | NIL | NIL |
Prangin Mall | 2001 | From RM220,000 | From RM1,300 | NIL | NIL |
Taman Harbour View | 1995 |
RM320,000
-
RM320,000
RM 457 psf - RM 457 psf |
RM900 - RM900 | NIL | 3.38 % |
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 195,000 |
Loan Amount ( 90 %) | RM 1,755,000 |
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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