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Beacon Executive Suites is an upcoming serviced apartment located on Jalan Sungai Pinang, Georgetown, Penang Island. Marketed to affluent professionals with a desire to flaunt their lifestyle and achievements, residents at Beacon Executive Suites will enjoy access to furnished and move-in ready Internet of Things (IoT) enabled home products, 24-hour concierge service and an executive lounge. The anticipated completion date of this serviced residence is 2019.
Developed by the Aspen Group, the 30-storey serviced apartment houses 258 units with a built-up area of 980 sf, each unit having 2+1 bedrooms and 2 bathrooms. The utility room functions as a home office, and each unit can enjoy views of the skyline. These units have two types, Suite A on odd level floors and Suite B on even level floors, the only difference being the layout of the balcony connected to the master bedroom.
The ground floor of Beacon Executive Suites features a grand lobby and a water feature at the drop off area. Next to the drop off area is a patio with access to 4 retail lots. The event, business and VIP lounges are located on level 28 while level 29 has amenities such as an infinity sky pool, sun terrace, kid’s pool, pavilion, sky bar and indoor gymnasium, among others.
Beacon Executive Suites also has numerous amenities such as schools and places of worship afforded by its metropolitan surroundings which is the Penang state capital of Georgetown. Various car service centres, as well as a mix of commercial and residential lots occupy both sides of Jalan Sungai Pinang where it is situated.
Notable eateries nearby include the Sungai Pinang Food Court next to the expressway, but there are eateries closer to the development, such as the Sungai Pinang Hawker Centre only 250 meters away, after the Penang Japanese School, next to the Beacon Executive Suites.
Beacon Executive Suites overlooks the Penang river and the street which bears the river’s name, Jalan Sungai Pinang. This 1.6 km stretch of road leads to the Tun Dr. Lim Chong Eu Expressway, also known as Federal Route 3113. Another major road called Jalan Perak is also accessible from the property, which leads to the Penang City Stadium across the Penang river.
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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 (%) |
---|---|---|---|---|---|
Beacon Executive Suites | 2019 |
RM679,000
-
RM800,000
RM 692 psf - RM 816 psf |
NIL | NIL | NIL |
Setia Sky Ville | Apr 2021 |
RM730,000
-
RM850,000
RM 686 psf - RM 733 psf |
RM1,700 - RM1,700 | NIL | 2.96 % |
86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
York Residence | 2014 | RM5,400,000 - RM6,800,000 | NIL | NIL | NIL |
Residence 21 | 2012 |
RM2,950,000
-
RM3,350,000
RM 536 psf - RM 558 psf |
RM7,500 - RM7,500 | NIL | 2.64 % |
Lavender Park | Jan 2011 |
RM280,000
-
RM380,000
RM 400 psf - RM 503 psf |
RM700 - RM700 | NIL | 3.18 % |
Birch The Regency | 2009 |
RM445,000
-
RM750,000
RM 468 psf - RM 736 psf |
RM1,400 - RM1,400 | NIL | 4.04 % |
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 68,600 |
Loan Amount ( 90 %) | RM 617,400 |
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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