Regency Heights

  • Property Type
    Condominium/Apartment
  • Tenure
    Freehold
  • Street Name
    Jalan Kenari
  • District / Planning Area
    Sungai Ara
  • Completion
    2007
About Regency Heights

Regency Heights is a freehold non-landed project situated in the neighbourhood of Sungai Ara in Pulau Pinang. It is surrounded by several developments such as Springfield Condominium, Acres Ville, Pearl Garden, Desa Banyan Apartment, The Clover and Sunway Merica. Regency Heights was developed by Palmex Industries Sdn Bhd (subsidiary of IOI Properties Group Berhad). There are four blocks of 16-storey buildings with total of 529 units. The built-up space is ranging from 1,258 sq. ft. to 1,350 sq. ft; and 2,540 sq. ft. for penthouse unit. Amenities available at this apartment includes 24-hour security, car park, card access, clubhouse, swimming pool, Jacuzzi, gymnasium, BBQ area, park and garden, and tennis court. It also located nearby SMK Sungai Ara, SK Mutiara Perdana, SPICE (Subterranean Penang International Conference and Exhibition Centre), D’Piazza Mall, Giant Hypermarket and Bayan Lepas International Airport. This project is accessible via several major roads, namely Jalan Tun Dr Awang and Jalan Sultan Azlan Shah.

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Profitable Transactions (Limited to 5 Total of 8 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
10 Dec 0530 Mar 181,270 ft²394179272,2006.6
11 Aug 0430 Nov 171,270 ft²496186393,2007.6
20 Aug 0406 Jul 171,270 ft²447199315,2006.5
10 Dec 1225 Jan 171,270 ft²45339475,0003.4
28 Nov 1224 Oct 161,270 ft²43340930,0001.4

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. In addition, there are 3 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 2 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
08 Jun 1215 May 171,270 ft²472472--
13 Mar 1420 Aug 141,281 ft²468492-30000-10.5

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.

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