Jalan Jones is a road which connects the major roads of Jalan Burmah and Jalan Kelawei in Georgetown, Penang. 2 other smaller roads branch out from Jalan Jones, namely Tingkat Jones and Solok Jones.
Properties along Jalan Jones consist of freehold, double-storey terrace homes built during the 20th century. Throughout the decades, most of those homes have been repurposed into shop offices housing businesses of all sorts. There are also several triple-storey shop offices which have been built over the existing homes.
Units, either the existing residences or converted shop offices, are at least 1,600 sf in built-up space. Given the scarcity of land in the city, properties situated along the road have also appreciated tremendously in value, with subsale prices beginning from RM1,360,000. Investing in a unit could fair well, given the rather high rental rates of about RM4,500 per month.
Amenities are not too common along Jalan Jones, with most being beauty salons and other business like home decorations established within the converted shop offices. However, given its proximity to Jalan Burma, restaurants, eateries, hawker centres, convenience stores, banks and more are just a short drive away.
Being a part of the network of roads and lanes within the city, properties situated throughout Jalan Jones enjoy accessibility to different parts of Georgetown as well as other parts of the island. Major roads nearby, apart from Jalan Burma and Jalan Kelawei, include Gurney Drive, Jalan Penang, Jalan Pangkor, Jalan Cantonment, Jalan Macalister and Jalan Dr. Lim Chwee Leong. Pengkalan Weld and the Tun Dr. Lim Chong Eu Expressway are also just a short distance away. With that, the first Penang bridge is about 15 minutes away and the city centre is under 10 minutes’ drive from Jalan Jones.
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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 Jones | 0 |
RM1,150,000
-
RM3,000,000
RM 575 psf - RM 900 psf |
RM2,500 - RM2,500 | NIL | 5.06 % |
| Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
| Mansion One | 2015 |
RM600,000
-
RM1,300,000
RM 604 psf - RM 1,385 psf |
RM1,500 - RM1,500 | NIL | 3.65 % |
| 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 % |
| Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM5,500 - RM5,500 | NIL | 2.38 % |
| 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 605 psf | - | RM 585 psf |
| 1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 1,168 psf | RM 2,000,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | RM 853 psf | - | RM 6,150,000 psf |
Note:
| Down Payment (10%) | RM 136,000 |
| Loan Amount ( 90 %) | RM 1,224,000 |
| 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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