Pinang Court 2

Pinang Court 2 is a low-medium cost apartment located in Jelutong, Penang. The development was completed in the year 2008 by Jelutong Development, which is a wholly-owned subsidiary of IJM Group. Pinang Court 2 is located next to Pinang Court 1, completed in the year 2005.Within Pinang Court 2, there are a total of two blocks having 11 storeys each, housing a total of 424 units. All units would have 3 bedrooms and 2 bathrooms and a built-up of approximately 650 sf. Facilities here are basic as it is a medium-cost apartment. There is 24-hour car park with card access, a mini market located on the ground floor for convenient shopping, and a playground located on the ground floor as well. Amenities are easily accessible as it is located very near to Georgetown. Nearby malls are 1st Avenue Mall, Prangin Mall and Sunshine City. The nearest hospital is the Peace Medical Centre, and others nearby include Hospital Pulau Pinang, Loh Guan Lye Hospital, and Tropicana Medical Centre. Venture into Georgetown to the north and you will find many banks and restaurants. The nearest schools are SeGi Penang, KDU College Penang, SMJK Convent Datuk Keramat and Institut Maju Jaya.Accessibility into the area is good as it is located just off the Tun Dr Lim Chong Eu Highway. But it has its ups and downs, as although the highway circles half of Penang allowing for good access to many areas, that is also the only entrance and exit for many residents within the high-density area. Public transport is largely unavailable as the area is newly developed.

Property Details

Name: Pinang Court 2

Address: Georgetown, Pulau Pinang

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

Completion Date: 2008

Type: Apartment

Tenure: Leasehold

No. of Blocks: 2

No. of Storey: 11

No. of Units: 424

No. of Bedrooms: 3

No. of Bathrooms: 2

Land Area: 3.84 acres

Built-up: 650 sf

Maintenance Fee: RM95

Launch Price: From RM72,500

Subsale Price:

Rental:

Layouts

Typical unit

3 bedrooms + 2 bathrooms (650 sf)

Facilities

Car park

24-hour security

Mini market

Playground

Market Trends

Analysis

When launched, the units of Pinang Court 2 were selling at RM72,500. The sub-sale price after 5 years have increased up to RM240,000. The ongoing rental rate starts from RM600 up to RM1,000 for fully furnished units.Pinang Court 2 is one of many low/medium-cost developments in the immediate vicinity. There is Desa Pinang 1, Desa Pinang 2 and Pinang Court 1 as well, just to name a few other developments by IJM. The relative high density of population within the immediate area translates to horrible traffic during peak hours. There is also an issue with a nearby dumping site which has been susceptible to peat fires causing immense air pollution for its residents.