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Moulmein Rise is a freehold condominium offering modern luxury high-rise living in the exceedingly affluent area of Pulau Tikus. Standing at 27 stories, the modern contemporary design and intricate detailing of the structure is determined to set itself apart in the growing skyline of Penang.
A single tower, overlooking the famous sea fronting Gurney Drive, is the home of 84 exclusive luxury suites, with built-ups ranging from 1,787 sf to 2,228 sf. Located in what is dubbed as the ‘upper-class’ area of Penang, Pulau Tikus is certainly one of the most prominent neighborhoods on the island, populated with mansions, bungalows, colonial houses and high-rises.
The area is also well-connected to amenities such as Pulau Tikus Market, Gurney Plaza, Midlands Park Shopping Centre and Bandar Baru Air Itam Market in Plaza Axis as well as many popular food destinations including Gurney Drive, Jalan Kucing, Burmah Road and Cantonment Road, ensuring residents have their choice and variety of delicious foods daily.
This structure, dedicated to the finer things that life has to offer, is equipped with a multitude of facilities and amenities directed to that effect. A state of the art gymnasium looking out on a jacuzzi and 31 metre lap pool, built at the centre of the sky courtyard, dotted with beautiful landscaped gardens and gorgeous outdoor pavilions that will undoubtedly invoke a sense of peace and satisfaction as you overlook the beautiful vista of the Penang Skyline or the mesmerizing visage of the sea.
The ground and first level of the complex houses a boutique retail gallery, dubbed Moulmein Rise Shoppes, equipped with its own basement level parking garage and outfitted with well designed fixtures and fittings affording a feeling of exclusivity.
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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 (%) |
---|---|---|---|---|---|
Moulmein Rise | 2016 |
RM2,800,000
-
RM3,300,000
RM 1,481 psf - RM 1,512 psf |
RM6,000 - RM6,000 | NIL | 2.61 % |
Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
Mansion One | 2015 |
RM668,000
-
RM1,300,000
RM 882 psf - RM 1,385 psf |
RM1,300 - RM1,300 | NIL | 3.4 % |
The Manor | Dec 2013 | From RM5,050,000 | NIL | NIL | NIL |
Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM6,000 - RM6,000 | NIL | 2.46 % |
H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM6,800 - RM9,000 | NIL | 3.47 % |
11 Gurney Drive | 2007 |
RM4,000,000
-
RM4,000,000
RM 952 psf - RM 952 psf |
RM8,000 - RM8,000 | NIL | 2.21 % |
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 | - | RM 585 psf |
1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
1,500 - 2,500 SQ. FT | RM 1,168 psf | RM 2,000,000 psf | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | RM 853 psf | - | RM 6,150,000 psf |
Note:
Down Payment (10%) | RM 250,000 |
Loan Amount ( 90 %) | RM 2,250,000 |
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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