The Maritime, Bandar Sri Pinang

The Maritime (also known as Maritime Square) is a leasehold integrated office, residential & retail hub located in Bandar Sri Pinang, Jelutong. It consists of Maritime Automall, Maritime Piazza and Maritime Suites. There are 240 condominium units available at this project with built-up from 614 sf to 1,200 sf for condominium units, 3,576 sf for retail units, 696 sf for offices, 3,576 sf for retail units and 3,615 sf for shop-offices. It was developed by IJM Land Bhd with a launch price of around RM450 psf for condominium units, and was completed about 2014.

IJM Land Bhd is a very large-sized real estate company listed on KLSE, and it has undertaken around 176 real estate projects in Malaysia. Other similar projects by the same developer are Bandar Rimbayu, Bandar Sri Pinang, Bandar Utama, Bukit Manda'rina, Garden Avenue, Permatang Sanctuary, S2 Heights, Shah Alam 2, Taman Nusa Duta and The Light Waterfront.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
614 sf - 1,200 sf (Condominium)
3,576 sf (Retail)
696 sf (Office)
3,576 sf (Retail)
3,615 sf (Shop-Office)
Market Price
RM560,000 - RM940,000 (Condominium)
RM3,500,000 (Retail)
RM600,000 (Office)
RM3,500,000 (Retail)
RM3,510,000 (Shop-Office)
Density
240 Condominiums
Completed In
2014
Developer
Launch Price
RM450 psf (Condominium)

The only amenities nearby this integrated office, residential & retail hub are some schools. Some of the schools here are SJK, SJK (C) Li Tek, SJK (T) River Road, SR Cina Li Teik Seah, SRJK (C) Li Tek 'A', Wesley International Methodist School, Wesley Methodist School Penang (International) and Wesley School.

The current rental yield of The Maritime is 4.0% for condominium units and 4.6% for offices. The highest rental yield ever recorded was 5.58% in Q1 2018 (condominium) and 4.6% in Q4 2020 (office); while the lowest one was 3.34% in Q1 2016 (condominium) and 3.09% in Q2 2015 (office). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size (built-up) combination at The Maritime for condominium units is 2-bedroom / 930 sf with a median price of RM890 psf. For price wise, the most expensive one is Studio / 630 sf with a median price of RM920 psf; while the cheapest one is 3-bedroom / 845 sf with a median price of RM720 psf.

Retail Layouts

Meanwhile, the most popular layout and size (built-up) combination at The Maritime for retail units is 3,576 sf with a median price of RM980 psf. For price wise, the most expensive one is 3,576 sf with a median price of RM980 psf; while the cheapest one is 3,576 sf with a median price of RM980 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at The Maritime for offices is 696 sf with a median price of RM860 psf. For price wise, the most expensive one is 696 sf with a median price of RM860 psf; while the cheapest one is 696 sf with a median price of RM860 psf.

Retail Layouts

Meanwhile, the most popular layout and size (built-up) combination at The Maritime for retail units is 3,576 sf with a median price of RM980 psf. For price wise, the most expensive one is 3,576 sf with a median price of RM980 psf; while the cheapest one is 3,576 sf with a median price of RM980 psf.

Shop-Office Layouts

Lastly, the most popular layout and size (built-up) combination at The Maritime for shop-offices is 3,615 sf with a median price of RM970 psf. For price wise, the most expensive one is 3,615 sf with a median price of RM970 psf; while the cheapest one is 3,615 sf with a median price of RM970 psf.

Latest The Maritime for sale listings:

DateTypeBuilt-upPrice
15 Dec 2021Condominium950 sfRM800,003
12 Dec 2021Studio630 sfRM580,000
12 Dec 2021Duplex928 sfRM800,000
12 Dec 2021Condominium915 sfRM980,000
9 Dec 2021Condominium1,200 sfRM880,000
3 Dec 2021Studio696 sfRM600,000
2 Dec 2021Duplex950 sfRM850,000
2 Dec 2021Duplex1,033 sfRM899,999
30 Nov 2021Condominium950 sfRM800,000
30 Nov 2021Condominium1,200 sfRM880,000

Latest The Maritime for rent listings:

DateTypeBuilt-upRental
14 Dec 2021Duplex1,011 sfRM2,799
12 Dec 2021Studio630 sfRM1,800
25 Nov 2021Duplex1,011 sfRM2,800
20 Nov 2021Duplex950 sfRM2,800
16 Nov 2021Condominium614 sfRM2,000
12 Nov 2021Office1,259 sfRM3,600
9 Nov 2021Duplex950 sfRM3,000
9 Nov 2021Condominium950 sfRM3,000
7 Nov 2021Condominium948 sfRM3,500
7 Nov 2021Condominium969 sfRM3,000
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