Lebuh Melayu, also known as Malay Street, is a stretch of double-storey pre-war shophouses located in the inner city of Georgetown, Penang. Historically, the street had gotten its name from times when it was merely a path which ran along a village where Malays and Acehnese people had settled long ago.
Beach Street sits at one end of Lebuh Melayu while Lebuh Carnorvan is located on the other. The street is also on the border between the UNESCO Heritage Site Core Zone and Buffer Zone. As such, several of the pre-war shophouses along the road have been refurbished and repurposed as guesthouses and eateries, though the street remains quiet, with many of the older businesses still in operation.
Amenities along Lebuh Melayu are only limited to a few eateries, however, its location close to the city ensure easy reach of any conveniences required. Shopping malls such as Prangin Mall and Times Square Penang are just down Lebuh Carnarvon while there is also a Pacific supermarket in the area.
Lebuh Melayu is located close to popular streets like Lebuh Kimberly, Jalan Cheong Fatt Tze, Pengkalan Weld, as well as the many attractions. The street holds potential in investment for businesses such as quiet boutique hotels and homey restaurants, as much of the traffic and tourists are cramped in the more central part of the core zone.
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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 (%) |
|---|---|---|---|---|---|
| Lebuh Melayu | 0 |
RM5,800,000
-
RM5,800,000
RM 753 psf - RM 753 psf |
From RM19,000 | NIL | NIL |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| Sri Saujana Apartment | 2009 |
RM110,000
-
RM260,000
RM 169 psf - RM 417 psf |
RM800 - RM800 | NIL | 7.14 % |
| Birch The Plaza | 2008 |
RM445,000
-
RM1,600,000
RM 468 psf - RM 900 psf |
RM1,400 - RM1,400 | NIL | 2.93 % |
| Harbour Trade Centre | 2005 | From RM350,000 | From RM1,300 | 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 | - | - | RM 645 psf |
| 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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