For sale
RM1,180,000
Marin Vista @ Tanjung Tokong / 3+1 seaview / renovated & partly furnished
Off Jalan Tanjung Tokong, Tanjung Tokong · Tanjung Tokong & Tanjung Bungah
- 3+1 bed
- 3 bath
- 1,395 sq ft
- Freehold
KR-S1184RM846 psf
For sale · Gelugor & Jelutong
Cengal Heights @ Gelugor / 3 bedrooms / leasehold / tenanted until Nov 2026
Tenanted at RM1,850 a month — an income unit near the university and the first bridge.
A 1,100 square foot three-bedroom unit on the fourteenth floor, currently tenanted at RM1,850 a month on a tenancy running to November 2026. On the asking price that is a gross yield of 3.5 per cent, or 4.2 per cent if you re-let at the current market rate of about RM2,250 when the tenancy ends.
The title is leasehold expiring in 2091 and carries a restriction in interest, which means the transfer needs State Authority consent. Budget six months from accepted offer to keys rather than three — the Offer-to-Keys planner on this site will date it for you.
Gelugor works because of what is around it: the university, the hospital and a straight run onto the first bridge. Tenant demand here has been consistent through the last three years.
Key features
- Tenanted at RM1,850/month to Nov 2026
- Leasehold 2091, restriction in interest
- Walk to bus routes, 10 min to the first bridge
- Maintenance RM0.24 psf
- Vacant possession available Dec 2026
This title needs State consent. It is leasehold, so the transfer must be consented by the State Authority before completion begins to run. Budget about six months from accepted offer to keys rather than three — the planner will date it for you.
Foreign buyers: the Penang floor for strata property on the island is RM1,000,000. At RM640,000 this property is below the threshold and cannot be sold to a foreign buyer — it is available to Malaysian citizens and permanent residents. Run your own case.
Property facts
- Price
- RM640,000
- Price psf
- RM582 psf
- Property type
- Condominium
- Tenure
- Leasehold, expiring 2091
- Title
- Strata title issued, restriction in interest
- Built-up
- 1,100 sq ft
- Bedrooms
- 3
- Bathrooms
- 2
- Car parks
- 1
- Floor / storeys
- 14th of 18
- Facing
- West
- Completed
- 2003
- Furnishing
- Partly furnished
- Maintenance
- RM264/month (RM0.24 psf)
- Sinking fund
- RM26/month
- Quit rent
- RM320/year
- Assessment
- RM720/year
- Reference
- KR-S1168
- Status
- Available
Particulars are given in good faith as a general guide and do not form part of any offer or contract. Measurements are approximate. Intending purchasers and tenants must satisfy themselves by inspection and through their own solicitors.
Gelugor & Jelutong
What this area is like
Gelugor and Jelutong are the practical middle: fifteen minutes to town, straight onto the first bridge, with the university and the hospital as steady sources of tenants. The waterfront blocks near the bridge have pulled the top of the range up sharply in the last five years while the older walk-ups behind them have barely moved, so the average price per square foot in this area is close to meaningless. Look at the block, not the postcode..
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Kelawei Realty
Book a viewing on this property
We view seven days a week, including evenings. Tell us when suits and we will meet you there with the title details and the block’s accounts in hand.