Desa Pinang 2

Desa Pinang 2 is a leasehold, low-cost, high-rise residential development located in Jelutong, Penang. The development was completed in the year 2009 by Jelutong Development, a wholly owned subsidiary of the development giant, IJM Group. Desa Pinang 2 is located next to Desa Pinang 1, completed in the year 2004.Within Desa Pinang 2, there are a total of two blocks which consist of 22 and 12 storeys respectively. The 22-storey block would consist of 600 units with 2 bedroom, 1 bathroom and a built-up of approximately 620 sf. The 12-storey block would have 300 units with 3 bedrooms and 2 bathrooms with a built-up of approximately 540 sf. There are very few facilities here, being a low-cost flat. Each of the units come with 1 covered parking, 24-hour security positioned at the entrance, and a community hall. There is also a playground located within the gated area for the amusement of the kids.Desa Pinang 2 is located within convenient driving distance from many amenities. Tesco and E-Gate are approximately 10 minutes away for everyday grocery shopping. Larger malls nearby are 1st Avenue, Prangin Mall and Sunshine City which are all roughly 1.5 kilometers away. The nearest school is SJK Moh Ghee and others nearby include SJK Li Tek, SK Jelutong and SJK Kheng Tean. The Patani Road Market and Perak Road Market which are morning markets caters to the early-risers. The nearest hospital is the Loh Guan Lye Hospital in the case of emergencies, and others nearby include Hospital Pulau Pinang, Island Hospital and Lam Wah Ee Hospital. Desa Pinang 2 is located in close proximity to the centre of Georgetown located next to the Tun Dr Lim Chong Eu Highway providing good accessibility for residents. There is a lack of convenient access to public transportation as the neighborhood is newly developed, and the closest bus routes to the apartment are at Macullum Street Ghaut.

Property Details

Name: Desa Pinang 2

Address: 11600 Jelutong, Penang

Developer: Jelutong Development (a wholly-owned subsidiary of IJM Group)

Completion Date: 2009

Type: Flat

Tenure: Leasehold

No. of Blocks: 2

No. of Storey: 22 & 12

No. of Units

2-Bedroom: 600

3-Bedroom: 300

No. of Bedrooms: 2-3

No. of Bathrooms: 1-2

Land Area: 6.63 acres

Built-up: 620 & 540 sf

Maintenance Fee: RM68

Launch Price: RM42,000

Subsale Price:

Rental:

Layouts

Typical unit

2 bedrooms + 1 bathroom (650 sf)

Facilities

Covered parking

Security

Playground

Community hall

Market Trends

Analysis

IJM Land is a leading construction and property developer in Malaysia, incorporated in 1983 with an excellent track record having developments throughout Malaysia. Prices for Desa Pinang at launch started at approximately RM42,000, being low-cost flats. However, asking sub-sale prices as of late have risen to RM135,000. Rental of the units range from RM400-RM600. There are numerous units of 2 for sale, and auction reserve prices could go as low as RM85,000. Asking prices have risen to RM135,000 from the launch price of RM42,000 within the period of four years.Apart from that, Residents of Desa Pinang 1 has has an ongoing tussle with the authorities over a 20-year old dump site that causes peat fires from time to time and heavily pollutes the air. The developing area also has many construction vehicles moving day-in day-out causing further air pollution to the area. And finally, traffic in the area is horrendous at times as the Tun Dr Lim Chong Eu Highway is pretty much your only entrance and exit.