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City View Apartment is a low density apartment complex located off Jalan Tun Abdul Razak, in the heart of Ipoh town. The apartment comprises one long tower block that is four storeys high.
The apartment complex has units with built-ups starting from 915 sf. As of 2017, units have a subsale price of as low as RM170,000. Units also start with a basic layout of 3 bedrooms and bathrooms. The pricing, with its location near the city centre, is considered rather low, and would be attractive to small families, newly-weds or young adults looking to get themselves their first property.
The apartment is a rather old one, thus the lack of facilities within its premises. It would be a basic apartment where the lower floors are shoplots, which consists of restaurants and offices for residents’ convenience.
City View Apartment is located right outside the Ipoh town centre, but also has an abundance of amenities just a walk away. For instance, the shops that are on the ground floor of the apartment. Also within walking distance is the Pos Malaysia Ipoh’s main office, and an industrial area. Just a short drive away brings tenants to the Ipoh town, where more restaurants are located, and landmarks such as Padang Ipoh are along the way. Investors can also consider this apartment to be turned into an accommodation for travellers who are visiting Ipoh, due to its short distance between the city.
Government agencies such as the Perak Health Department, Ipoh Municipal Council office, as well as Ipoh Parade are also nearby. There is also an abundance of schools surrounding City View Apartment, making it very convenient for parents living here to send their kids over. Right opposite the apartments is Sekolah Jenis Kebangsaan (Tamil) Perak Sangeetha Sabah, while other schools within the vicinity include Wesley Methodist School Ipoh, the Dato’ Panglima Kinta Primary School, Sekolah Kebangsaan Methodist (ACS) Ipoh, and St. Michaels Institute Ipoh.
Tenants of the apartment will have easy access to the North-South Highway, via the express route just a few minutes drive off where the apartment is located. If driving is a hassle, the Ipoh KTM station and Medan Kidd bus station is just a walk away.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
City View Apartment | 0 | From RM170,000 | From RM700 | NIL | NIL |
Kinta Riverfront | 2009 |
RM348,000
-
RM498,000
RM 312 psf - RM 430 psf |
RM1,600 - RM1,600 | NIL | 6.24 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 17,000 |
Loan Amount ( 90 %) | RM 153,000 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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