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The H2O is a mixed freehold property development comprising of residential condominiums, office and retail lots built into a single tower. Situated in the developed and mature township of Jelutong, the property boasts an unbeatable location set in one of Penang’s main commercial hubs.
The 26 storey building features an offering of only 71 residential units and a maximum of only four units per floor, with the built-up of each unit of this low-density development ranging from 1,560 sf to 1,656 sf, whilst the 21 retail and office units offers built-ups of 1,560 sf to 3,282 sf. The units of this development are all designed to be corner units, optimizing space and privacy whilst offering panoramic views of the town or sea.
Located in Jelutong, this property is well connected to a variety of amenities including education centres Penang Free School, Kolej Han Chiang and Penang Medical College; medical facilities Island Hospital, Hospital Pulau Pinang, Gleneagles Penang Medical Centre and Hospital Lam Wah Ee as well as Tesco Hypermarket. Residents of the property will also find easy accessibility to many popular destinations in Penang, such as George Town and Gurney Drive.
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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 (%) |
---|---|---|---|---|---|
The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
Setia Sky Ville | Apr 2021 |
RM730,000
-
RM850,000
RM 686 psf - RM 733 psf |
RM1,700 - RM1,700 | NIL | 2.96 % |
Grace Residence | 2019 |
RM600,000
-
RM1,450,000
RM 504 psf - RM 878 psf |
RM1,800 - RM1,800 | NIL | 2.51 % |
Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
Lavender Park | Jan 2011 |
RM280,000
-
RM380,000
RM 400 psf - RM 503 psf |
RM700 - RM700 | NIL | 3.18 % |
Richmont Residences | 2010 |
RM1,080,000
-
RM1,080,000
RM 400 psf - RM 400 psf |
RM2,800 - RM2,800 | NIL | 3.11 % |
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 494 psf |
500 - 1,000 SQ. FT | RM 537 psf | - | RM 1,306 psf |
1,000 - 1,500 SQ. FT | RM 498 psf | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 78,000 |
Loan Amount ( 90 %) | RM 702,000 |
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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