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Jalan Burma is a rather long stretch of road located in Georgetown, Penang. It runs parallel to Jalan Kelawai and Jalan Sultan Ahmad Shah as well as Gurney Drive on the northeastern part of the island. Jalan Burma begins close to the intersection of Jalan Penang and Jalan Dr. Lim Chwee Leong and ends at the meeting point of Jalan Gottlieb, Jalan Bagan Jermal and Jalan Mount Erskine.
Properties along Jalan Burma are varied and aplenty, with most being commercial shop lots. There are several blocks of pre-war double-storey shophouses which are now entirely used for commercial purposes. Residential neighbourhoods along the road consist of double-storey terrace homes built some time in the 20th century. There are also commercial double-storey lots which appear to have been built around the same time.
Jalan Burma is a heavily travelled road. Given the traffic that passes through it and a part of it, (the part closer to Jalan Penang) is close to the UNESCO World Heritage Site Buffer Zone, there are innumerable hotels, cafes, restaurants, hawker centres which have mushroomed along the busy road.
Hence, other amenities are also aplenty along this popular stretch of road, such as a bank, clinics, a bakery, and several schools like the Convent Pulau Tikus, Union Primary School and Kolej PTPTL. Shopping malls like the Midlands One Stop and Penang Plaza are also located along Jalan Burma.
Given its location, properties along Jalan Burma are on the market at beginning prices of around RM850,000 while rental is also on the higher end at a minimum of RM2,500 per month. Commercial lots would be a better investment given the demand for these lots, as demonstrated by the mostly occupied shop lots along the road.
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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 (%) |
---|---|---|---|---|---|
Jalan Burma | 0 |
RM1,190,000
-
RM2,400,000
RM 595 psf - RM 1,888 psf |
RM2,000 - RM2,000 | NIL | 7.35 % |
Mansion One | 2015 |
RM600,000
-
RM1,300,000
RM 604 psf - RM 1,385 psf |
RM1,500 - RM1,500 | NIL | 3.65 % |
Scott Residence | 2015 |
RM1,450,000
-
RM2,850,000
RM 692 psf - RM 1,400 psf |
RM2,000 - RM2,000 | NIL | 1.59 % |
The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
8 Gurney | 2013 |
RM3,700,000
-
RM6,380,000
RM 464 psf - RM 686 psf |
RM8,500 - RM8,500 | NIL | 2.44 % |
Residence 21 | 2012 |
RM2,950,000
-
RM3,350,000
RM 536 psf - RM 558 psf |
RM7,500 - RM7,500 | NIL | 2.64 % |
H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
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 | RM 689 psf | - | RM 585 psf |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | RM 825 psf | RM 2,000,000 psf | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | RM 6,150,000 psf |
Note:
Down Payment (10%) | RM 85,000 |
Loan Amount ( 90 %) | RM 765,000 |
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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