Ocean View Residences, Butterworth

Ocean View Residences is a freehold condominium located in Butterworth, Seberang Perai. There are 386 units available at this project with built-up from 938 sf to 2,100 sf. It was developed by OSK Property Holdings Bhd (fka PJ Development / PJD) with a launch price at around RM230 psf, and was completed in about Jun 2012.

OSK Property Holdings Bhd (fka PJ Development / PJD) is a very large-sized real estate company listed on KLSE, and it has constructed around 69 real estate projects in Malaysia. Other similar projects by the same developer are Eclipse Residence, Endah Regal, Endah Ria, Oakleaf Park, Sea View Condominium, Solstice, Wellesley Residences, Woodsbury, You Residences and You Vista.

Property Type
Condominium
Land Tenure
Freehold
Built-up
938 sf - 2,100 sf
Market Price
RM360,000 - RM610,000
Density
386 Units
Completed In
Jun 2012
Launch Price
About RM230 psf

This condominium has some amenities nearby, for example schools and universities. The following are some main schools here:

As for universities, there are Penang International Dental College and University College.

The current rental yield of Ocean View Residences is around 4.54%, compared to 4.0% a year ago in Q2 2021. The highest rental yield ever recorded was 9.0% in Q4 2012; while the lowest one was 3.71% in Q3 2020. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Ocean View Residences is 3-bedroom / 938 sf with a median price of RM380 psf. For price wise, the most expensive one is 3-bedroom / 938 sf with a median price of RM380 psf; while the cheapest one is 5-bedroom / 2,100 sf with a median price of RM290 psf.

Latest Ocean View Residences for sale listings:

DateTypeBuilt-upPrice
30 Aug 2022Condominium1,100 sfRM400,000
7 Mar 2022Condominium938 sfRM340,000
7 Mar 2022Condominium1,100 sfRM360,000
15 Jan 2022Condominium938 sfRM360,000
14 Jan 2022Condominium938 sfRM378,000
10 Jan 2022Condominium938 sfRM350,000
9 Jan 2022Condominium1,100 sfRM400,000
31 Dec 2021Condominium1,100 sfRM360,000
27 Dec 2021Condominium1,100 sfRM388,000
27 Dec 2021Condominium938 sfRM335,000

Latest Ocean View Residences for rent listings:

DateTypeBuilt-upRental
6 Sep 2022Condominium1,000 sfRM1,000
22 Feb 2022Condominium938 sfRM1,200
21 Jan 2022Condominium938 sfRM1,500
13 Jan 2022Condominium938 sfRM1,300
12 Jan 2022Condominium1,100 sfRM1,500
12 Jan 2022Condominium938 sfRM900
4 Jan 2022Condominium986 sfRM1,300
4 Jan 2022Condominium983 sfRM950
30 Dec 2021Condominium1,100 sfRM900
29 Dec 2021Condominium938 sfRM900
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