Luminari Residences, Butterworth Insights

Developer	:OSK Property (PJ Development Holdings Bhd)
Architect	:
Main Contractor	:
Land Size (sqm)	:
GFA (sqm)	:
Plot Ratio (Incl. Bonus)	:
Project Name	:Luminari Residences
Street Name	:Jalan Harbour Place
Postal Code	:12100
Property Type	:Hotel/Service Apartment
Tenure	:
District/Planning Area	:Butterworth
Completion	:N/A
Number of Landed Units	:0 units
Number of Non Landed Units	:462 units
Sold Price Range/Median*	:RM 458 psf - RM 501 psf / RM 485 psf
Leased Rental Range/Average**	:
Implied rental yield**	:4.74%
Historical High	:RM 927 psf in Nov 2019 for a 947-sqft unit
Indicative Average Price from Historical High	:%
Historical Low	:RM 418 psf in Dec 2020 for a 958-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.

About This Project

**##Review##**Luminari is a serviced residential development that is being developed by OSK Property in their 27-acre mixed development township in Butterworth, Penang known as Harbour City. The 3.5-acre project is the sixth phase of the township development. The development is also closely located near to the integrated transportation hub, Penang Sentral.Launched in July 2016, the development comprises of 462 serviced residential units and 7 retail lots. The residential units come in four types of layout with built ups ranging from 947 sq. ft. to 1,335 sq, ft. The development also allocates 77,000 sq. ft. of communal space featuring 32 facilities which are segregated into six different zones; The Oasis, The Promenade, The Playpen, The Centrestage, The Enclave and The Sanctuary. The facilities include a 50m lap pool, sunken seats and sundeck, a sculptured garden, pavilion square, a treehouse, a swing shelter, putting green, badminton court, hammock garden and sky lounge.**##Our verdict##** Strategically located close to the transportation hub allows the residents ease of access to the Island via the ferry terminal. As Luminari is located in the heart of the integrated Harbour City township, the township will be able to cater for the residents daily needs. This development is suitable for young and growing families.

Sales Transaction of Luminari Residences

Unit Search:

Price Comparison with Nearby Properties (UP to 50)

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

View map

No Data

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.

No Data

Listings

No Data

DISCLAIMER ON ACCURACY AND COMPLETENESS OF INFORMATION. While EdgeProp Malaysia uses reasonable efforts to provide accurate and up-to-date information, some of the information provided is gathered by third parties and has not been independently verified by EdgeProp Malaysia. USER agrees that all use of these services is at USER’S own risk and that EdgeProp Malaysia will not be held liable for any errors or omissions contained in the information provided or in the performance of services. Although the information found on this system has been produced and processed from sources believed to be reliable, no warranty, express or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. This disclaimer applies to both isolated and aggregate uses of information. EdgeProp Malaysia provides this information on an “as is” basis and expressly disclaims any and all warranties, express and implied, including, but not limited to, any warranties of accuracy, reliability, title, merchantability, fitness for a particular purpose, freedom from contamination by computer viruses and non-infringement of proprietary rights, or any other warranty, condition, guarantee or representation, whether oral, in writing or in electronic form, including, but not limited to, the accuracy and completeness of any information. EdgeProp Malaysia does not represent or warrant that access to the service will be uninterrupted or that there will be no failures, errors or omissions or loss of transmitted information. EdgeProp Malaysia assumes no liability or responsibility for the quality, content, accuracy, or completeness of the information, text, graphics, links and any other items contained on this service or any other system or service. The materials contained on this service have been compiled from a variety of sources and are subject to change without notice. Commercial use or sale of the materials contained on this service is prohibited without the express written consent of EdgeProp Malaysia. Changes may periodically be made to the information and these changes may or may not be incorporated in any new version of the publication. If you have obtained information from a source other than this site, be aware that electronic data can be altered subsequent to original distribution. Data can also quickly become out of-date. In no event shall EdgeProp Malaysia be liable for any special, indirect or consequential damages or any damages whatsoever, whether direct, indirect, consequential, incidental or special, or any claim for attorney’s fees resulting for the use of this website.