University Heights is an old condominium adjacent to Jalan Sungai Dua, and just opposite Universiti Sains Malaysia (USM). The condominium neighbors Desa Airmas and Desa University.This medium-cost condominium comprises of 2 blocks with 12 and 20-storey high. There are a total of 224 units, consisting of 210 standard units with built-ups from 800 sf onwards, and 14 penthouses with approximately 1,600 sf. Each floor comprises 6 to 8 units. University Heights is fitted with full condominium facilities including swimming pool, gymnasium, squash court, tennis court, common bathroom, landscaped garden, covered car park and visitor’s car park. The security is integrated with touch-n-go auto gates and intercom system. There is abundance of amenities can be walked from University Heights. This condominium is within mere minutes walking distance to rows of shop-lots that house several eateries (including KFC, McDonald's, Pizza Hut and a hawker centre named Bali Bali Food Court), cyber cafes and banks. Adding to that, the condominium is adjacent to Tesco Extra and a ‘pasar malam’ which is held every Saturday. Jalan Sungai Dua can be easily accessible from Jalan Sultan Azlan Shah. One can easily drive to Gelugor and access to Bayan Lepas Highway, Jelutong Highway and Penang Bridge from Jalan Sultan Azlan Shah within 7 minutes.
Property Details
Name: University Heights Address: No. 95 – 97, Jalan Sungai Dua, 11700 Sungai Dua, Penang Type: Condominium Tenure: Freehold No. of Blocks: 2 No. of Storey: 12 & 20 No. of Units: 224 Standard: 210 Penthouse: 14 No. of Bedrooms Standard: 3 No. of Bathrooms Standard: 2 Built-up Standard: From 800 – 1,000 sf Penthouse: From 1,600 sf Subsale Price: RM310,000 – RM360,000 Rental: RM850 – RM1,500 Facilities
Swimming pool Gymnasium Squash court Tennis court Common bathroom Landscaped garden Covered car park Visitor's car park 24-hour security Card access system Intercom systemAnalysis
Most of the residents of University Heights are USM students together with several families. Previously, the condominium has delivered handsome rental yield to investors. However, the price has appreciated recently and the new price does not seem to deliver decent profit for investors as before. University Heights is really old and the paint has already discolored. A step inside the condominium, one will see that several amenities are already bad in shape, yet still usable. Luckily, the swimming pool is properly maintained, and the tennis court is still usable.
