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Desa Pinang 2

Sale Price *

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Range
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Rental Price **

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Rental Yield **

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Rental income expressed as a percentage of the property's value.

Sale Price *

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Rental Price **

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Rental Yield **

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Rental income expressed as a percentage of the property's value.

Details
Developer:Jelutong Development Sdn Bhd
Architect:
Main Contractor:
Land Size (sqm):
GFA (sqm):
Plot Ratio (Incl. Bonus):
Project Name:Desa Pinang 2
Street Name:Lebuh Sungai Pinang 7
Postal Code:11600
Property Type:Flat
Tenure:
District/Planning Area:Sungai Pinang
Completion:18 Aug 2022
Number of Landed Units:0 units
Number of Non Landed Units:0 units
Sold Price Range/Average*:RM 303 psf - RM 379 psf / RM 342 psf
Leased Rental Range/Average**:
Implied rental yield**:%
Historical High:RM 424 psf in Apr 2018 for a 614-sqft unit
Indicative Average Price from Historical High:%
Historical Low:RM 41 psf in Sep 2008 for a 614-sqft unit
Buyer Profile by Residential Status:
Buyer Profile by Purchaser Address:
*Based on transactions in the last 48 months.
**Based on asking rental data in the last 12 months. May not be representative.
Amenities
24-hour Security
Car Park
Fitness Centre
Banquet Hall

About This Project

Desa Pinang 2 is a high-rise non-landed project situated in the neighbourhood of Sungai Pinang in Penang. This project was developed by Jelutong Development (a subsidiary of IJM group) and was completed in the year 2009. Desa Pinang 2 consists one 12-storey block and one 22-storey block which house a total of 900 units. Built-up size ranges from 540 sq. ft. to 620 sq. ft.., comprising either two bedrooms and one bathrooms or three bedrooms and two bathrooms. Schools in the vicinity are SJK Moh Ghee, SJK Li Tek, SK Jelutong and SJK Kheng Tean. Other amenities nearby include Tesco, E-Gate, 1st Avenue, Prangin Mall and Sunshine City. This project can be easily accessed via Tun Dr Lim Chong Eu Highway.
Sales Transaction of Desa Pinang 2

Source: NAPIC, EdgeProp.my

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Price Trends

Source: NAPIC,EdgeProp.my

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Historical Monthly Price Range & Volume Trends

Source: NAPIC,EdgeProp.my

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Asking Prices of Desa Pinang 2

Source: EdgeProp.my

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Sale Asking Price Trends

Source:EdgeProp.my

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Sales Asking Quarterly Price Trends

Source: EdgeProp.my

Note: 25% of listings asked for below 25th percentile price, 50% asked for below median price and 75% asked for below 75th percentile price. Data are only available if there are more than 10 listings in any quarter
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Rental Listings of Desa Pinang 2

Source: NAPIC, EdgeProp.my

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Rental Asking Price Trends

Source:EdgeProp.my

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Average Rental Yield Analysis

Source: NAPIC,EdgeProp.my

*Based on transactions and asking rents in the past 12 months.
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Rental Asking Quarterly Price Trends

Source: EdgeProp.my

Note: 25% of listings asked for below 25th percentile price, 50% asked for below median price and 75% asked for below 75th percentile price. Data are only available if there are more than 10 listings in any quarter
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Estimated Unit Size Distribution

Source: NAPIC,EdgeProp.my

Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
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Price Comparison with Nearby Properties (UP to 50)

Source: NAPIC,EdgeProp.my

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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Price Comparison with Nearby Properties

(Properties Within 1km)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

Source: NAPIC,EdgeProp.my

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Listings

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