e-Gate, Gelugor, Penang Island

e-Gate is a freehold shop-office development located in Gelugor, Penang Island.The built-up available at this project is 400 sf to 2,430 sf for offices and 829 sf to 950 sf for shop-offices. It was developed by IJM Land Bhd.

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 Blossom Drive, Blossom Square, Centrio, Dataran Suria, One Avenue, One Avenue 10, One Avenue 9, Promenade 28, The Plazo and Uptown Avenue.

Property Type
Shop-Office
Land Tenure
Freehold
Built-up
400 sf - 2,430 sf (Office)
829 sf - 950 sf (Shop-Office)
Market Price
RM350,000 - RM2,090,000 (Office)
Density
-NA-
Completed In
-NA-
Developer
Launch Price
-NA-

The only amenities nearby this shop-office development are some schools.

The current rental yield of e-Gate is 4.27% for offices. The highest rental yield ever recorded was 8.52% in Q1 2019 (office); while the lowest one was 4.24% in Q1 2017 (office). Meanwhile, the most common unit layouts and sizes available here are as follows:

Office Layouts

The most popular layout and size (built-up) combination at e-Gate for offices is 2,430 sf with a median price of RM860 psf. For price wise, the most expensive one is 939 sf with a median price of RM930 psf; while the cheapest one is 2,430 sf with a median price of RM860 psf.

Shop-Office Layouts

Lastly, the most popular layout and size (built-up) combination at e-Gate for shop-offices is 829 sf with a median rental of RM4.00 psf. For rental wise, the most expensive one is 950 sf with a median rental of RM5.08 psf; while the cheapest one is 829 sf with a median rental of RM4.00 psf.

Latest e-Gate for sale listings:

DateTypeBuilt-upPrice
25 Aug 2021Office2,430 sfRM2,100,000
18 Jun 2021Office1,532 sfRM1,800,000
11 May 2021Office2,340 sfRM2,100,000
4 May 2021Office1,940 sfRM1,800,000
23 Feb 2021Office2,430 sfRM2,100,000
9 Jan 2021Office2,340 sfRM2,100,000
9 Jan 2021Office1,940 sfRM1,800,000

Latest e-Gate for rent listings:

DateTypeBuilt-upRental
28 Dec 2021Office250 sfRM1,200
6 Sep 2021Shop-Office1,540 sfRM8,500
11 Aug 2021Shop-Office1,642 sfRM5,700
17 Jul 2021Shop-Office1,540 sfRM8,500
1 Jun 2021Office431 sfRM1,200
5 May 2021Retail1,087 sfRM9,800
10 May 2021Retail829 sfRM3,700
4 May 2021Office970 sfRM3,500
27 Apr 2021Shop-Office829 sfRM3,700
11 Apr 2021Office250 sfRM1,200
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