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Orange 3 is a mixed development in Butterworth, Penang, combining 126 residential units in a high-rise condominium and 13 shop offices in the 5-storey podium at the base of the structure. The residential portion of the property comprises 8 different designs, with the smallest (type B1 and C1) being 1,333 sf and the largest being 1,760 sf (type A1).
The units all feature 2 bathrooms and 4 bedrooms, all designed with regular shapes to ease furniture placement. The layout of the living and dining areas are practical and open-plan, giving the units an impression of spaciousness. Residents will delight in the pools, gym, playgrounds and landscaped gardens within the Orange 3’s premises, while there is 24-hour security surveillance to ensure the residents’ privacy.
Other than a Royal Malaysian Air Force (RMAF) base about 5km from the development causing some noise from planes flying overhead, Orange 3 is strategically located with many facilities surrounding the property. For example, there are schools like SK Bagan Ajam, SK Taman Senangan and SMK Dato’ Onn, a mosque and surau, eateries, grocery stores, banks and a post office.
Jalan Pantai Bersih, where Orange 3 is situated, is easily accessible via the Butterworth Outer Ring Road that meets with the trunk road, Jalan Teluk Air Tawar, before running along the coastline. Along the aforementioned Jalan Teluk Air Tawar, there are also bus stops, with the nearest of these positioned about 300m from the property.
The Orange 3 development is set about 10 minutes away from the Butterworth jetty and 15 minutes to the Sunway Carnival Mall. It is also moderately near to the Perai industrial area and the Penang Bridge – about 20 minutes to each, making it a convenient place to stay while working in Butterworth or nearby towns on mainland Penang.
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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 (%) |
---|---|---|---|---|---|
Orange 3 | 2016 |
RM435,000
-
RM485,000
RM 326 psf - RM 363 psf |
RM1,200 - RM1,200 | NIL | 3.72 % |
Mandarin Quarter | Mar 2012 | From RM680,000 | NIL | NIL | NIL |
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 | - | RM 746,667 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 44,000 |
Loan Amount ( 90 %) | RM 396,000 |
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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