Halaman Areka

Bukit Jambul, Gelugor, Sungai Dua (Island), Penang

About this project

Halaman Areka is an apartment residence located in Sungai Nibong, Penang. There are 7 blocks of residences, each only 4 storeys in height, housing a total of 112 units. Though completed some time back in 1998, the residence is rather well-kept The leasehold units at Halaman Areka range between the sizes of 840 sf to 1,142 sf. Units are sold on the market at prices beginning from RM410,000 while rental is approximately RM1,000 per month. Facilities provided at the mid-range Halaman Areka residence comprises only of parking lots and a children’s playground. The walk-up apartment also does not provide elevator services. On a better note, 24-hour security is however provided. Amenities within the vicinities of Halaman Areka include several eateries and convenience stores, though others such as banks and supermarkets will require a short drive to the Krystal Point commercial hub nearby. There are also other commercial hubs in the vicinities of Queensbay Mall, just about 5 minutes’ drive from the property. Accessibility wise, Halaman Areka is located just off Jalan Sultan Azlan Shah, which connects to Bayan Lepas down south and other towns like Gelugor and eventually, Georgetown up north of the island. The first Penang bridge is also under 10 minutes’ drive from the property. Credit : Propsocial 24.12.2019
Property Type
Condominium/Apartment
Total Units
112
Beds
3 - 3 bedrooms
Built up
840 sqft - 1195 sqft
Tenure
Leasehold
Transacted Price
RM 131,100 - RM 510,000

Location

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Past Transactions

Transaction DateAddressBuilding TypeFloorsLot SizePrice PsfPrice

Historical Monthly Price Range & Volume

Profitability

Profitable Transactions (Limited to 5 Total of 2 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
29 Jun 1216 Aug 171,195 ft²427268190,0009.5
17 Jul 1208 Sep 141,195 ft²377192220,00036.7

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

Affordability

  • Down Payment (10%)RM 0
  • Loan Amount (%)RM 0
  • Tenure Years0 Years
  • Interest Rate0%
  • Loan Amount 90%
  • Down Payment 10%
Monthly Installment

RM 0±

Mortgage Provided by Hong Leong Bank

Maintenance Fees

RM 0 ±

RM 0 psf (0 sq ft)

Total Monthly Expenses

RM 0±

Disclaimer

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