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Ferringhi Mutiara

2, Jalan Sungai Emas, Batu Ferringhi, 11200 Penang
Apartment Shop
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Details:

Chinese ad 4621 326x150 01

Facilities

Parking lots
Community hall
Playground

Property Details

1996
(Year of Completion)
This project was completed 28 years ago
From RM230,000
From RM950
RM70/month
Built Up
From 700 SQ. FT
Land Title
Mixed
Tenure
Freehold
Total Blocks
4
Total Storeys
10
Total Units
374

Description

Ferringhi Mutiara is a rather aged development consisting of apartment residences and commercial shop lots located in Batu Ferringhi, Penang. Completed in 1996, there are 4 complexes, each 10 storeys in height encompassing 374 apartment units in total.

Shop units make up the ground floor and first floor of each block while the other floors are all apartment units. Standard units at Ferringhi Mutiara are approximately 700 sf in built-up size with a common 3 bedrooms and 2 bathrooms layout.

Facilities provided at Ferringhi Mutiara include common parking lots within the grounds of the residence, a community hall, as well as a children’s playground - all commonly found in lower medium cost apartments built in Penang around the same time. The cost of maintaining the property and its simple facilities is about RM70 a month for each unit.

Ferringhi Mutiara homes are now valued on the market for about RM230,000 at its least, which is slightly out of the affordability range for lower middle income earners. Rental is also quite high for its age, size and location, at around a monthly RM950.

Amenities are within ease of reach for residents of Ferringhi Mutiara, with eateries, sundry shops and other businesses housed within the commercial arcade of the property. Apart from that, there are also food stalls lining the main road in front of the property. Just across is a commercial hub where even more eateries, restaurants, banks, convenience stores, laundromats and more can be found. There is also a McDonald’s just beside the property.

The nearest school to Ferringhi Mutiara is SK Batu Ferringhi with more choices requiring almost 20 minutes’ drive to the Tanjung Tokong area. There are no supermarkets or shopping malls in Batu Ferringhi, with the closest ones being Tesco Seri Tanjung Pinang and Straits Quay while Island Plaza is located in the Tanjung Tokong area.

Accessibility wise, Ferringhi Mutiara is located along Jalan Sungai Emas, which links to Jalan Batu Ferringhi. Jalan Batu Ferringhi connects the property to other towns like Tanjung Bungah, Tanjung Tokong, and Georgetown (slightly under 30 minutes’ drive) to the south, and Teluk Bahang on the west. Jalan Batu Ferringhi is known to be congested during public holidays and weekends when there is a surge of visitors to the seaside town while Jalan Sungai Emas is also heavily traveled by those living in the other neighbourhoods and high-rise residences up the road from the property.

Given its location, living in Ferringhi Mutiara is more suitable for those working in the Batu Ferringhi area. It may not be feasible for those working in Georgetown or even Bayan Lepas to live so far away from the city and travel the winding Jalan Batu Ferringhi to and from work on a daily basis.

NIL
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No
Pet Friendly
No
Eco Friendly (None)
Batu Ferringhi
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Nearby Amenities:

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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 (%)
Ferringhi Mutiara 1996 RM230,000 - RM260,000
RM 319 psf - RM 371 psf
RM850 - RM850 NIL 4.68 %
Pearl Residences May 2017 RM1,900,000 - RM1,900,000
RM 613 psf - RM 613 psf
RM4,500 - RM4,500 NIL 2.84 %
By The Sea Apr 2015 RM1,380,000 - RM2,400,000
RM 881 psf - RM 2,026 psf
RM5,000 - RM5,000 NIL 4.09 %
La Ferringhi Feb 2014 RM1,450,000 - RM1,600,000 NIL NIL NIL
Bayu Ferringhi 2012 RM1,400,000 - RM2,880,000
RM 466 psf - RM 1,000 psf
RM3,000 - RM3,000 NIL 2.38 %
Moonlight Bay Aug 2010 RM2,125,000 - RM5,000,000
RM 442 psf - RM 1,000 psf
RM4,000 - RM4,000 NIL 2.53 %
Pinang Emas Flat 2005 RM125,000 - RM185,000
RM 223 psf - RM 330 psf
RM560 - RM560 NIL 4.61 %

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 324 psf - -
1,000 - 1,500 SQ. FT RM 303 psf - -
1,500 - 2,500 SQ. FT RM 590 psf - -
2,500 - 4,000 SQ. FT RM 662 psf - -
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 380 psf
Non Landed Properties
RM 664 psf
Landed Properties
RM 0 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 23,000
Loan Amount ( 90 %) RM 207,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 70 ±
RM 70.0 psf (700 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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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