Palm Palladium is a freehold, upmarket development located in Gelugor, Penang. The developers are Harta Intan Ventures, and the development was completed in the year 2009. Developments nearby include Palm Residences, Minden Place and Halaman Sentosa.At Palm Palladium, there is only one block with 28 storeys, having 134 units. This is a low-density development with only three units per floor. The developer offers six types of layouts, ranging from 3 to 4+1 bedrooms, and 2 to 4 bathrooms. Square footage ranges from 1,150 sf for the most basic unit, which goes up to 2,400 sf for the penthouse.There are two lifts servicing the 28 storeys of Palm Palladium, which is adequate considering the low density per floor. It overlooks the mountainous scenic view of Bukit Jambul, USM Sports Complex, PALAPES Complex and the surrounding areas of Bayan Baru.Palm Palladium comes with numerous facilities. There is 24-hour security patrolling the perimeter, and there is a community hall for the residents to hold events. The barbecue area is located beside the swimming and wading pool. There is also a gymnasium and a playground.Palm Palladium is located strategically, as it is between two major towns of Penang Island. It is minutes from the Penang Bridge, Bayan Lepas Industrial Area and Penang Airport. University Sains Malaysia is located in the vicinity, which would make it convenient for students to stay here. Queensbay Mall is located around 10 minutes away from this residence. Two major roads that are near Palm Palladium are Jalan Sungai Dua, and Jalan Bukit Gambir. These two main roads connect the area to the north towards Georgetown and south towards Bayan Baru. Being centrally located allows for convenient access to many parts of the island.
Property Details
Name: Palm Palladium Address: Jalan Minden 1, Sungai Dua, 11900 Gelugor, Penang Developer: Harta Intan Ventures Completion Date: 2006 Type: Condominium Tenure: Freehold No. of Blocks: 1 No. of Storey: 28 No. of Units: 134 No. of Bedrooms: 3 - (4+1) No. of Bathrooms: 2 - 4 Built-up: 1,150 - 2,400 sf Maintenance Fee: RM215 Launch Price: From RM214,000 Subsale Price: From RM690,000 Rental: From RM1,780Layouts
Type A 4+1 bedrooms + 3 bathrooms (1,947 sf) Type B 3+1 bedrooms + 2 bathrooms (1,349 sf) Type C 3 bedrooms + 3 bathrooms (1,154 sf) Type D 3+1 bedrooms + 2 bathrooms (1,396 sf) Type E 4+1 bedrooms + 4 bathrooms (1,604 sf) Type F 4+1 bedrooms + 3 bathrooms (2,541 sf)Facilities
24-hour security Community hall Barbecue area Swimming pool Wading pool Gymnasium PlaygroundAnalysis
Palm Palladium has seen considerable appreciation since its completion in the year 2006, as the launch price is less than 1/3 of the selling price today. The central location of Palm Palladium is what makes the property attractive, as one simply cannot go wrong investing in a good location. The sensible layout, low density and quiet neighborhood were all factored into the appreciation.
