The Oceanview

  • Property Type
    Condominium/Apartment
  • Tenure
    Leasehold
  • Street Name
    Lorong Sungai Pinang
  • District / Planning Area
    Sungai Pinang
  • Completion
    2004
About The Oceanview

The Oceanview is a high-rise non-landed project situated in the township of Sungai Pinang in Penang. This project was completed in the year 2004. Nearby developments include Serina Bay and The Spring apartment. The Oceanview consists of one 11-storey apartment tower with a total of 440 units. Built-up size ranges from 860 sq. ft. to 880 sq. ft., comprising three bedrooms and two bathrooms. Facilities available at The Oceanview include 24-hours security, car park, landscaped garden, swimming pool, gymnasium, community hall, BBQ area and playground. Amenities in the vicinity are aplenty, namely 24-hour Aman Clinic, Kidiland Montessori, SK Sungai Gelugor, SK Minden Height.

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Profitable Transactions (Limited to 5 Total of 5 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
06 Apr 1212 Apr 19872 ft²499325155,0006.5
17 Nov 1131 Dec 18872 ft²43638643,0001.7
13 Sep 1224 Aug 17872 ft²573405147,0007.3
13 Dec 0302 Sep 141,227 ft²513166425,80011.1
20 Jan 0424 Feb 141,227 ft²24516597,8004

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.

Unprofitable Transactions (Limited to 5 Total of 7 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
13 Jan 1531 Dec 18872 ft²568568--
22 Jan 1616 Mar 17872 ft²562573-10000-1.7
06 Aug 1520 Jan 17872 ft²516585-60000-8.2
13 Jul 1527 Jun 16872 ft²533585-45000-9.2
11 Sep 1205 Nov 12893 ft²425375-80000-71.9

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 2 more unprofitable transactions

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