Aspen Residence is a mixed development project situated in Jelutong, Penang. The project is the brainchild of local Penang developer, Aspen Avenue Sdn Bhd, which will see a single block towering 27 storeys encompassing several types of residential and commercial titles.
The commercial titles include shop lots on the ground floor, and SOHO units starting from level 10 to 16 while residences are condominium units occupying levels 17 to 26. In total, Aspen Residence houses 42 SOHO units and 56 condominium units. The condominium element has spacious built-up sizes of 1,270 sf with a standard layout of 3 bedrooms and 2 bathrooms.
Residents can expect top-notch facilities at Aspen Residence. Among those are a gymnasium, swimming pool, jogging track, tennis court and round-the-clock security. Another bonus is that residents of the condominiums will be given allocated parking space for their vehicles in the 7-storey car park.
Residents will find that Aspen Residence is conveniently situated close to a range of amenities, thanks to the already established township of Jelutong. On top of that, there will be a hypermarket operating on the ground floor of the property. If the planned hypermarket within the development is not enough, there is also a Tesco hypermarket nearby. Furthermore, residents can purchase fresh produce from the nearby Jalan Perak Market while there is also a private hospital situated several minutes away from the residence, which is the Lam Wah Ee Hospital.
Additionally, several schools and kindergartens are available within close proximity of Aspen Residence, such as Smart Reader Kids Jelutong, SK Jelutong Barat, SJK (C) Beng Teik Cawangan and D’Monte Childcare. Dining will not be an issue to residents, as there are a number of food and beverage options to choose from, like KFC, Oldtown Kopitiam, Pizza Hut and several others in the area.
Aspen Residence can be accessed via two roads; Lorong Perak and Jalan Terusan. These roads connect residents to other parts of Jelutong, as well as to the frequently-used Tun Dr. Lim Chong Eu Expressway. Residents only need a short drive to take them to Georgetown and the first Penang bridge. Unfortunately, traffic along Lorong Perak is heavily congested during peak hours.
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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 (%) |
|---|---|---|---|---|---|
| Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
| 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 % |
| The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
| D'Mansion | 2013 | RM960,450 - RM1,032,000 | RM2,100 - RM2,100 | NIL | 3.32 % |
| Central Park | Mar 2011 |
RM1,250,000
-
RM3,000,000
RM 496 psf - RM 692 psf |
RM2,800 - RM2,800 | NIL | 1.92 % |
| Lavender Park | Jan 2011 |
RM280,000
-
RM380,000
RM 400 psf - RM 503 psf |
RM700 - RM700 | NIL | 3.18 % |
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 1,306 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 66,000 |
| Loan Amount ( 90 %) | RM 594,000 |
| 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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