Mutiara Court is an old Penang apartment located in the town of Gelugor on the southern part of Georgetown. The apartment was built by a long forgotten developer and was completed in 1989. It stands on prime freehold land facing Jalan Yeap Choy Ee close to the Green Lane neighbourhood. Mutiara Court is a walk-up apartment offering medium density to its residents with only 6 blocks and 186 units available. Each unit consists of 3 storeys giving each floor approximately 10 units at an average of 960 sf per unit with 3 bedrooms and 2 bathrooms. A service charge of RM70.00 is charged to the residents monthly whilst its rental per month averages on RM1,200 and the lowest selling price at RM500,000.The buildings are well kept and still look new and upbeat despite its age. All the units have been lived in before, thus, all the units for sale generally come equipped with at least the basic lights and fans. Most of the units for sale are however fully furnished and come with kitchen cabinets, hoods and hobs amongst the basic appliances. Despite its price, Mutiara Court does not offer any but the most basic facilities. Each unit will have the benefit of 1 covered parking lot as well as a landscaped garden and the usual 24-hour security. The main selling point of Mutiara Court would be its ideal location. Queensbay Mall, Georgetown, Bayan Lepas, Tesco and Egate are all only 10 minutes away while Gurney Drive is 15 minutes away. Being located in a matured area, schools, banks, clinics, eateries and shops are only 5 minutes away from the residency. The Penang Bridge is a mere 10 minutes' drive away from home giving residents easy access to the mainland, and residents will also find themselves well connected to Lorong Delima 20, Jalan Gelugor and Jalan Sultan Azlan Shah enabling them to get around the island easily.
Property Details
Name: Mutiara Court Address: Lorong Delima 20, 11700 Gelugor, Penang Completion Date: 1989 Type: Apartment Tenure: Freehold No. of Blocks: 6 No. of Storey: 3 No. of Units: 186 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 960 sf Maintenance Fee: RM70 Subsale Price: Rental: Facilities
24-hour security Covered car park Landscaped gardenAnalysis
Development in Gelugor has been on a steady rise since the property boom in Penang due to its excellent location. The original residents of Mutiara Court were undoubtedly pleasantly surprised to find the price of their apartment rising steadily with prime developments like Pulse and The Oasis in the near vicinity. Home buyers ought to look to this apartment as well as it offers a nice and tranquil environment that is highly ideal for families.Mutiara Court seems to be spared from the traffic congestion that seems to plague Penang of late which is fortunate for its residents. The demand for a unit at Mutiara Court seems to be steady with people constantly asking for available units. The price of the units have also been on a steady incline. Three years ago it was possible to get a unit for RM270,000 but now the cheapest unit is selling at RM500,000 which proves Mutiara Court to be a good investment...
