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.

Property Type
Apartment
Land Tenure
Freehold
Built-up
938 sf - 1,100 sf
Market Price
RM380,000 - RM440,000
Density
386 Units
Completed In
Jun 2012
Launch Price
About RM230 psf

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

The current market prices for Ocean View Residences are from RM380,000 to RM440,000 (about RM400 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 4.44%, compared to 4.25% a year ago in Q1 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 RM400 psf. For price wise, the most expensive one is 3-bedroom / 1,100 sf with a median price of RM400 psf; while the cheapest one is 3-bedroom / 938 sf with a median price of RM400 psf.

Latest Ocean View Residences for sale listings:

DateTypeBuilt-upPrice
12-Mar-19Condominium938 sfRM380,000
03-Mar-19Condominium938 sfRM375,000
03-Mar-19Condominium938 sfRM360,000
03-Mar-19Condominium1,100 sfRM380,000
03-Mar-19Condominium938 sfRM365,000
16-Feb-19Condominium1,100 sfRM380,000
16-Feb-19Condominium938 sfRM348,000
16-Feb-19Condominium938 sfRM350,000
15-Feb-19Condominium938 sfRM370,000
09-Feb-19Condominium1,100 sfRM375,000

Latest Ocean View Residences for rent listings:

DateTypeBuilt-upRental
TodayCondominium938 sfRM1,300
TodayLow-Cost Flat938 sfRM1,300
YesterdayCondominium938 sfRM1,300
YesterdayCondominium938 sfRM1,450
YesterdayCondominium938 sfRM1,600
15-Mar-19Condominium938 sfRM1,500
15-Mar-19Condominium938 sfRM900
10-Mar-19Room In Apartment-NA-RM660
08-Mar-19Condominium1,100 sfRM1,200
08-Mar-19Penthouse1,943 sfRM2,200