Minden Place is a freehold, landed, upmarket residential development by PPM Realty. The development was completed towards the end of 2009, and nearby residences include Palm Residences and Palm Palladium.Minden Place is an upmarket residential area, consisting only of bungalows and semi-detached houses. For the bungalows, units have 5+1 bedrooms with approximately 6,712 sf; the semi-detached houses come with 5 or 5+1 bedrooms and 5 or 7 bathrooms, with 4,096 to 5,579 sf. Units in Minden Place comes with many features, such as built-in jacuzzi in master bedroom, high quality finishing, quality homogeneous tiles and timber flooring. Minden Place is set between several quiet housing areas, which are less prone to crime as well.Minden Place is located strategically, whereby it’s situated pretty close to Georgetown, Penang Bridge, Bayan Lepas Industrial Area and Penang Airport. University Sains Malaysia is located in the neighbouring vicinity, which makes this a favorite place for students to reside in. Queensbay Mall is also located around 10 minutes away from this residence. Two major roads that are near Minden Place are Jalan Sungai Dua, and Jalan Bukit Gambir. These two main roads connects the are north towards Georgetown and south towards Bayan Lepas. It is also extremely convenient to escape the island, as it is a mere 7 minutes from the Penang bridge.
Property Details
Name: Minden Place Address: Persiaran Minden, 11700 Gelugor, Penang Developer: PPM Realty Completion Date: 2009 Type: Bungalow & Semi-Detached Tenure: Freehold No. of Storey: 3 No. of Units Bungalow: 3 Semi-Detached: 20 No. of Bedrooms: 5 - (5+1) No. of Bathrooms: 5 - 7 Land Area: 2,519 - 9,978 sf Built-up: 4,096 - 6,712 sf Subsale Price: From RM2,900,000Layouts
Bungalow Typical unit 5+1 bedrooms + 7 bathrooms (6,712 sf)
Semi-Detached Type A 5 bedrooms + 5 bathrooms (4,096 sf)
Type B 5+1 bedrooms + 7 bathrooms (5,579 sf)
Analysis
Minden Place has appreciated rapidly since launch in late 2009. Units that were selling at RM1 million back then are going as high as RM2,900,000 right now. That is almost 200% appreciation in four years. However, there are other landed developments that were recently completed as well, so purchasers might have cheaper alternatives if looking for a place in the area.
