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Pelangi Apartment
Lintang Macallum 2, 10300 Georgetown, Penang
Apartment
Details:
Property Details
From RM150,000
From RM900
Built Up
563 SQ. FT - 780 SQ. FT
Land Title
Residential
Tenure
Leasehold
Total Blocks
NIL
Total Storeys
NIL
Total Units
NIL
Description
Pelangi Apartment is a low-cost, high-density apartment located at Lintang Macallum 2, Georgetown, Penang. The apartment houses units with built-ups ranging from 563 sf to 780 sf. The units also have various layouts, between 2 bedrooms and 1 bathroom, as well as the standard layout of 3 bedrooms and 2 bathrooms.
There are no facilities within the complex, common for a low-cost apartment. However, there are some open areas and the coast is nearby, where occupants can go to rest and relax. The apartment also has an advantage thanks to its coastal proximity, residents of certain units will get to enjoy scenic sea view. This, in turn, can be an opportunity for investors to acquire a unit to be converted into an AirBnB unit, or to rent out to outstation travellers.
Located close to Georgetown, tenants of Pelangi Apartment also get to enjoy the perks of being in a tourism-oriented area. There are tonnes of amenities that are a short distance away from the apartment complex. Landmarks that are a stone’s throw away include Fort Cornwallis, the Queen Victoria Memorial Clock Tower, Chew Jetty, and the KOMTAR Tower. Within the Georgetown city centre, there are various places of interest that are all within walking distance from one another, such as Prangin Mall, The Camera Museum, and Chinatown.
Nearby, there is also a commercial hub that houses banks, small shops, a post office and restaurants. The site of the Macallum Street Night Market is also within walking distance, which means an extra option for entertainment during the week. Just a longer drive on the coast will bring residents to Gurney Plaza, which is another major shopping mall in the state. Also along the way from Gurney Plaza is Penang's Botanical Garden, where families can go and spend their weekends at.
Pelangi Apartment can be easily accessed via the Tun. Dr. Lim Chong Eu Highway. The highway also links to the North-South Highway (NSE), which connects to the mainland. Other townships that are nearby include Tanjung Tokong, Jelutong and Gelugor.
There are 2 pasar malams nearby and twice a week. And also a big padang. That’s what I like about this place. But I don’t like how during Deepavali and certain Buddhist celebration very noisy, because of the temples nearby.
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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 (%) |
|---|---|---|---|---|---|
| Pelangi Apartment | 0 | From RM150,000 | From RM900 | NIL | NIL |
| The Maritime | Feb 2014 |
RM560,000
-
RM970,000
RM 812 psf - RM 1,028 psf |
RM1,800 - RM1,800 | NIL | 4.94 % |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| Summer Place | 2011 |
RM615,000
-
RM990,000
RM 607 psf - RM 755 psf |
RM1,400 - RM1,400 | NIL | 3.29 % |
| Birch The Regency | 2009 |
RM580,000
-
RM750,000
RM 610 psf - RM 736 psf |
RM1,400 - RM1,400 | NIL | 3.63 % |
| Sri Saujana Apartment | 2009 |
RM160,000
-
RM269,000
RM 290 psf - RM 472 psf |
RM650 - RM650 | NIL | 5.73 % |
| Desa Pinang 2 | 2009 |
RM170,000
-
RM250,000
RM 274 psf - RM 384 psf |
RM700 - RM700 | NIL | 4.18 % |
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 | - | - | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 389 psf
Non Landed Properties
RM 714 psf
Landed Properties
RM 703 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
(563 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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