Desa Acacia is a freehold, luxury residential development located in the vicinity of Medan York, Georgetown, Penang. The development was completed in the year 1993. One neighboring property is Sri York.Within Desa Acacia, there is only one block housing five storeys, and a total of 30 units. The development has a really low density, as there are only six units per floor, serviced by two lifts, which is wholly adequate for five storeys. Typical units have a layout with 3 bedrooms and 2 bathrooms, with a built-up of 1,687 sf. Prices have increased explosively within the past few years, as asking prices were around RM500,000 in the year 2008. It is currently hovering at RM900,000.Desa Acacia is surrounded by a belt of green. The Penang Sport Club and the Penang Turf Club surrounds the development, enclosing the development in lush greenery. Residents of Desa Acacia often remark that despite being so close to Georgetown, the location is rather peaceful and quiet although located just beside the hustle and bustle. Amenities are easily accessible from Desa Acacia thanks to its central location. There are no malls in the immediate vicinity; the nearest malls are Gurney Plaza, Prangin Mall, and 1st Avenue Mall, all of which are located less than 3 kilometers away. Nearby on Jalan Ayer Hitam allows for convenient access to eateries and banking facilities. The nearest hospital is Hospital Pulau Pinang. There are several schools nearby, including Han Chiang Private School, SMJK Union, SMK Methodist, and Penang Medical College.Desa Acacia is also easily accessible; Jalan Scotland to the west connects to Jalan Masjid Negeri allowing for convenient access from Georgetown to Gelugor. The Tun Dr. Lim Chong Eu Highway is easily accessible via Jalan Dato' Keramat, which leads to the rest of Penang. Batu Feringghi is less than 10 kilometers away to the north.
Property Details
Name: Desa Acacia Address: Medan York, Georgetown, Penang. Completion Date: 1993 Type: Apartment Tenure: Freehold No. of Blocks: 1 No. of Storey: 5 No. of Units: 30 No. of Bedrooms: 3 - 5 No. of Bathrooms: 3 - 4 Built-up: 1,650 - 2,070 sf Maintenance Fee: RM0.15 psf Subsale Price: Rental: Layouts
Typical Unit 3 bedrooms + 2 bathrooms (1,687 sf)Facilities
Covered parking 24-hour security Landscaped gardenAnalysis
Desa Acacia is very well located in a well-sought out area. The going rental rate is RM1.5 to RM2 psf, whereas sub-sale prices are hovering around RM450 to RM500 psf. The excellent location along with the peace and quiet is a rare combination, and could be of considerable value to one whom appreciates it. Though the property is rather aged and lacks the fancy facilities, the excellent location more than makes up for it.
