Mayang Pasir at Bayan Lepas, Penang is a residential neighbourhood that has been around for many years. There are a variety of terrace homes as well as an apartment.
The apartment units are about 820 sf in built-up size while the terrace units are sized from 1,000 sf onwards. The homes are definitely showing their age, although there are a few that still look quite well-kept, mainly due to good maintenance of their respective residents.
The terrace homes and apartment do not come with any facilities, which can be considered normal for such an aged neighbourhood. Residents will also have to ensure their own security as there are no guards or gated perimeter surrounding the neighbourhood.
The neighbourhood of Mayang Pasir is also close to a vast variety of amenities along Jalan Tengah and Jalan Mahsuri where the usual banks, clinics, shop lots, cafes, restaurants and many other necessities are within reach. Hospital Pantai Mutiara is also just a 3 minutes’ walk away.
There is a generous amount of schools located nearby, like SMK Raja Tun Uda, SRK Sri Permai, SK Sungai Ara, SJKC Min Sin, SK Bayan Baru, SRJKC Shih Chung, SK Seri Relau and many others within a 5 km radius.
Accessibility is the main factor when considering properties in Mayang Pasir. It is easily reachable through the aforementioned Jalan Tengah, which is conveniently connected to Jalan Tun Dr. Awang and Jalan Sultan Azlan Shah. Being in the centre of Bayan Lepas, naturally the property is just 10 minutes from the Penang International Airport and the Free Trade Zone.
Homes at Mayang Pasir may look a little old in age, but the location itself fully makes up for their one weakness. Those seeking to own a property in the neighbourhood may have to cough up a little more due to the appreciation in value of properties in the area after so many years while those wanting to rent will get to enjoy the accessibility, but may be put off by the overall outlook.
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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 (%) |
|---|---|---|---|---|---|
| Mayang Pasir | 0 |
RM170,000
-
RM1,200,000
RM 296 psf - RM 750 psf |
RM2,000 - RM2,000 | NIL | 3.5 % |
| Olive Tree Residences | Dec 2015 |
RM730,000
-
RM1,200,000
RM 426 psf - RM 645 psf |
RM2,200 - RM2,200 | NIL | 3.09 % |
| Promenade Residence | 2015 |
RM390,000
-
RM980,000
RM 400 psf - RM 612 psf |
RM1,300 - RM1,300 | NIL | 2.88 % |
| Arena Residence | 2015 |
RM550,000
-
RM899,000
RM 440 psf - RM 620 psf |
RM1,300 - RM1,300 | NIL | 3.15 % |
| Arena Curve | 2015 | NIL | From RM1,500 | NIL | NIL |
| Elit Heights | 2014 |
RM498,000
-
RM1,580,000
RM 344 psf - RM 614 psf |
RM850 - RM850 | NIL | 2.82 % |
| One Precinct | Nov 2013 | RM460,000 - RM880,000 | RM950 - RM3,000 | NIL | 3.54 % |
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 770 psf |
| 500 - 1,000 SQ. FT | RM 536 psf | RM 294,000 psf | RM 807 psf |
| 1,000 - 1,500 SQ. FT | RM 485 psf | - | RM 661 psf |
| 1,500 - 2,500 SQ. FT | RM 469 psf | - | RM 400,413 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,497,600 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| 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 |
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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