Desa Pinang 1 is an apartment development located in Jelutong, Penang. Established in 2004, the single block standing at 6 storeys tall is relatively well-maintained, where most of its 210 units appear to be occupied.
All units at Desa Pinang 1 come in a standard layout and size, which is 620 sf of built-up space with a 3-bedrooms and 2-bathrooms layout. Facilities offered to residents are ample, with parking lots within the grounds of the property, a playground for children, as well as a landscaped garden. 24-hour security is also provided for some peace of mind.
Prices of units at Desa Pinang 1 begin from RM220,000, while rental begins from RM650 a month. The rather lower than average subsale and rental prices might be due to its leasehold tenure, as well as location, which is a little further from the heart of Jelutong.
Located across the Tun Dr. Lim Chong Eu Expressway from the Jelutong town centre, Desa Pinang 1 is a short drive from most of the amenities available in town. However, within its vicinities are simple conveniences, such as hawker centres, eateries, mini markets, and pharmacies among others. More amenities such as schools like SK Jalan Hamilton, SJK (C) Heng Ee, SMK Heng Ee on the other hand, will require a drive to the town centre.
The bright side of its location close to the Tun Dr. Lim Chong Eu Expressway is the accessibility it affords, where Desa Pinang 1 is just about 10 to 15 minutes to Georgetown via the route. It also leads south to the first Penang bridge and even the town of Bayan Lepas, about 20 minutes from the property. Jalan Sultan Azlan Shah is also another road which can be accessed from the property to reach these key locations.
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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 (%) |
|---|---|---|---|---|---|
| Desa Pinang 1 | Oct 2004 | From RM220,000 | From RM650 | NIL | NIL |
| The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| Summer Place | 2011 |
RM615,000
-
RM1,150,000
RM 607 psf - RM 838 psf |
RM1,400 - RM1,400 | NIL | 2.99 % |
| Sri Saujana Apartment | 2009 |
RM110,000
-
RM260,000
RM 169 psf - RM 417 psf |
RM800 - RM800 | NIL | 7.14 % |
| Desa Pinang 2 | 2009 |
RM250,000
-
RM265,000
RM 384 psf - RM 431 psf |
RM700 - RM700 | NIL | 3.29 % |
| The Spring | Oct 2008 |
RM500,000
-
RM810,000
RM 533 psf - RM 783 psf |
RM1,100 - RM1,100 | NIL | 2.87 % |
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 494 psf |
| 500 - 1,000 SQ. FT | RM 537 psf | - | RM 645 psf |
| 1,000 - 1,500 SQ. FT | RM 618 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 22,000 |
| Loan Amount ( 90 %) | RM 198,000 |
| 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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