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HH Galleria is the commercial phase of an integrated development located in Tanjung Bungah, Penang. The 4 levels of commercial shop-lots and retail outlets will complement HH Residence, which is a condominium residence housed in 2 towers above the retail podium.
The entire development encompassing HH Galleria and HH Residences will be built over 4.5 acres of land located at the intersection of Jalan Chan Siew Teong and Jalan Chee Seng 13. The development by Aspen Group is still in its planning stages and thus, not much information is known about it as of yet.
However, given its location strategically set in the town of Tanjung Bungah, the commercial and retail outlets at HH Galleria will be able to capture a fair share of the dense population in the area. Given the number of housing estates and high-rise residences in the Tanjung Tokong area, amenities such as eateries and mini markets can surely be well in demand, though the main target would be to cater to the residents of HH Residence.
Accessibility to and from HH Galleria is also convenient with Jalan Tanjung Tokong being just seconds from the property. The main road will connect to places like Gurney Drive and other parts of the city as well as Batu Ferringhi heading north.
Despite the lack of details known about the HH Galleria and HH Residence development, interest is still buzzing about the integrated development that seems to exude the potential of being in demand given its location and thus, of bringing in higher rental yields. Investors or business owners looking for a place to set up or relocate their ventures should definitely keep this development in mind.
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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 (%) |
---|---|---|---|---|---|
HH Galleria | 0 | NIL | NIL | NIL | NIL |
Taman Seri Setia | 2012 |
RM190,000
-
RM280,000
RM 271 psf - RM 400 psf |
RM750 - RM750 | NIL | 4.98 % |
Shamrock Beach | 2012 |
RM1,850,000
-
RM1,850,000
RM 472 psf - RM 472 psf |
RM9,000 - RM12,000 | NIL | 6.81 % |
Harmony Residence | Dec 2011 |
RM3,200,000
-
RM3,600,000
RM 636 psf - RM 720 psf |
RM8,999 - RM8,999 | NIL | 2.73 % |
Surin | 2011 |
RM688,000
-
RM950,000
RM 493 psf - RM 657 psf |
RM1,600 - RM1,600 | NIL | 2.52 % |
Beverly Hills | 2011 |
RM1,150,000
-
RM5,300,000
RM 383 psf - RM 852 psf |
RM3,000 - RM3,000 | NIL | 2.42 % |
Infinity | Mar 2010 |
RM2,300,000
-
RM6,500,000
RM 611 psf - RM 756 psf |
RM6,800 - RM6,800 | NIL | 1.86 % |
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 402 psf | - | - |
1,000 - 1,500 SQ. FT | RM 467 psf | - | - |
1,500 - 2,500 SQ. FT | - | RM 890,000 psf | - |
2,500 - 4,000 SQ. FT | RM 599 psf | RM 1,100,000 psf | - |
4,000 SQ. FT and above | RM 783 psf | RM 600,000 psf | - |
Note:
Down Payment (10%) | RM 50,000 |
Loan Amount ( 90 %) | RM 450,000 |
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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