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Midlands One Stop
488, Jalan Burma, 10350 Pulau Tikus, Penang
Shop
Details:
Property Details
From RM150,000
From RM850
Built Up
From 629 SQ. FT
Land Title
Commercial
Tenure
Leasehold
Total Blocks
NIL
Total Storeys
7
Total Units
NIL
Description
Midlands One Stop, situated along Jalan Burma in Pulau Tikus, on the Penang Island, is a shopping mall that opened to the public in the 1990s. When it first opened, it was a vital convergence point for the citizens of Penang, as it had several anchor tenants that were popular at that time like the Looking Good departmental store. However, a few years after it was established, Malaysia’s economy took a hit, adversely impacting business at the mall.
Since then, the Midlands One Stop mall has experienced vastly lower flow of traffic, particularly due to the increase of the income level of residents in its surroundings coupled with the fact that its shops are directed to lower income consumers, as well as the opening of other nearby higher end shopping malls, such as Gurney Plaza in 2001 and subsequently Gurney Paragon in 2013.
Nevertheless, Midlands One Stop is still a place where one can go to get certain goods like electronic items, games or toys at more affordable prices compared to many other places. It is easy to get here, either by Rapid Penang buses 101, 102, 104 and 304, which stop right in front of the shopping mall. These buses originate from places like Teluk Bahang, Batu Ferringhi, Tanjung Bungah, Gurney Drive, the Georgetown jetty, Bayan Baru and Penang International Airport (in Bayan Lepas).
Just opposite the mall, there is the Penang Adventist Hospital, while the mall is right next to the Georgetown City Hotel and Adventist College of Nursing and Health Sciences. Slightly further down the main road of Jalan Burma is the Consulate General of Indonesia, Apple 1 Hotel Gurney, SMK Convent Pulau Tikus and the Bellisa Row shops.
Use to be one of the most happening place before people goes to Gurney Plaza, Queensbay etc kind of giant shopping malls. Kinda dead now, but people still go to this mall for food in the afternoon and for alcohols at night. I personally come for the vape store here... See More
to get my vape juice.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
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Shops / Malls
Nothing found within 10km
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Places of Worship
Nothing found within 10km
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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 (%) |
|---|---|---|---|---|---|
| Midlands One Stop | 0 |
RM1,500,000
-
RM2,200,000
RM 455 psf - RM 833 psf |
RM2,800 - RM2,800 | NIL | 2.85 % |
| Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
| The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
| Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM5,500 - RM5,500 | NIL | 2.38 % |
| H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
| Millennium Tower | 2005 | RM2,870,000 - RM3,850,000 | RM2,400 - RM2,400 | NIL | 1.25 % |
| Gurney Palace | 2004 |
RM2,700,000
-
RM3,100,000
RM 675 psf - RM 775 psf |
RM6,500 - RM6,500 | NIL | 2.36 % |
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 597 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 1,168 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | RM 853 psf | - | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 678 psf
Non Landed Properties
RM 691 psf
Landed Properties
RM 772 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 15,000 |
| Loan Amount ( 90 %) | RM 135,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(629 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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