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City Park is a commercial and industrial development on a plot of freehold and previously-unused land in Klebang, Ipoh. It comprises two different types of properties – 3-storey shop offices and 2-storey factory units with a mixed-used concept combining showroom, factory and office functions.
City Park’s shop offices and factories are highly accessible and visible, built facing Jalan Kuala Kangsar, one of the main roads in Ipoh and a part of the trunk road of Federal Route 1 running through Peninsular Malaysia.
The development is located near to urban amenities like AEON Klebang 2km away, Econsave and the Poi Lam primary school, and surrounded by various neighbourhoods, which will definitely increase the customer traffic for the businesses in the commercial units.
Furthermore, all the shop offices and factory units come with features like free 24-hour security guarding for 2 years, free legal transfer fees, a free alarm system and CCTV wiring, adding value to the properties. The relatively-affordable price of the units, considering their strategic location and security, is an attractive factor for potential investors and buyers.
On one hand, heavy traffic around the development can be an issue, but on the other hand this is understandable given Klebang’s position between Tasek and Chemor, two established industrial areas in Perak.
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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 (%) |
---|---|---|---|---|---|
City Park | Feb 2016 |
RM298,000
-
RM298,000
RM 114 psf - RM 114 psf |
NIL | NIL | NIL |
Sky Garden Residences | 2016 |
RM180,000
-
RM275,000
RM 244 psf - RM 280 psf |
RM1,000 - RM1,000 | NIL | 5.41 % |
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 | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 48,888 |
Loan Amount ( 90 %) | RM 439,992 |
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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