Ocean View Residences, Butterworth
Ocean View Residences is a freehold apartment located in Butterworth, Seberang Perai. There are 386 units available at this project with built-up from 938 sf to 1,100 sf. It was developed by OSK Property Holdings Bhd (fka PJ Development or PJD) with a launch price at around RM230 psf, and was completed in about Jun 2012.
OSK Property Holdings Bhd (fka PJ Development or PJD) is a very large-sized real estate company listed on KLSE, and it has constructed around 53 real estate projects in Malaysia. Other similar projects by the same developer are Eclipse Residence, Endah Regal, Endah Ria, Mirage Residence, Oakleaf Park, Solstice, USJ One Condominium, Wellesley Residences, You Residences and You Vista.
This apartment has some amenities nearby, for example schools and universities. The following are some main schools here:
- SK Convent Butterworth
- SK Kuala Perai
- SK Perai
- SK Sungai Nyior
- SMK Convent Butterworth
- SMK Convert Butterworth
- SRK Convent
The current market prices for Ocean View Residences are from RM380,000 to RM450,000 (about RM410 psf); while the monthly rentals are from RM1,400 to RM1,500 (about RM1.44 psf). The highest median price psf ever recorded was RM424 psf in Q3 2017; while the lowest one was RM230 psf in Q1 2010.
The current rental yield of Ocean View Residences is around 4.16%, compared to 3.95% a year ago in Q2 2018. The highest rental yield ever recorded was 9.0% in Q4 2012; while the lowest one was 3.95% in Q2 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Ocean View Residences is 3-bedroom / 938 sf with a median price of RM410 psf. For price wise, the most expensive one is 3-bedroom / 1,100 sf with a median price of RM410 psf; while the cheapest one is 3-bedroom / 938 sf with a median price of RM410 psf.
Latest Ocean View Residences for sale listings:
|16-May-19||Low-Cost Flat||1,100 sf||RM378,800|
Latest Ocean View Residences for rent listings:
|05-May-19||Low-Cost Flat||928 sf||RM1,200|