Platino is a freehold apartment located in Gelugor, Penang. There are 228 units available at this project with built-up from 1,819 sf to 2,659 sf. It was developed by IJM Land Bhd with a launch price of around RM380 psf, and was completed about Mid 2010.
IJM Land Bhd is a very large-sized real estate company listed on KLSE, and it has undertaken around 151 real estate projects in Malaysia. Other similar projects by the same developer are Bayswater, D'Ambience Residences, Riana Green, Riana Green East, Seri Riana Residence, Summer Place, The Epic Residences, The Light Collection 2, The Light Linear and Vertiq.
This apartment has many amenities nearby, such as schools, universities and hospitals. The following are some of the major schools here:
- Hutchings Primary School
- SJK (C) Union
- SK Perempuan Island
- SK Sri Tanjong
- SK Sri Tanjung
- SK Wellesley
- Shih Chung Branch School
- St Xavier High School
- Wesley Primary School
As for universities, there are Advance Tertiary College Penang (Atc), Atlas City College, Despark College Penang, Equator College, Olympia College Penang and Wawasan Open University. There are also some hospitals here, e.g. Lam Wah Ee Hospital Tcm Branch and Peace Medical Centre.
The current market prices for Platino are from RM1,290,000 to RM1,750,000 (about RM710 psf); while the monthly rentals are from RM3,500 to RM4,000 (about RM1.92 psf). The highest median price psf ever recorded was RM802 psf in Q4 2015; while the lowest one was RM380 psf in Q1 2008.
The current rental yield of Platino is around 3.13%, compared to 3.23% 2 years ago in Q3 2017. The highest rental yield ever recorded was 6.88% in Q2 2011; while the lowest one was 2.88% in Q1 2016. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Platino is 3-bedroom / 1,819 sf with a median price of RM710 psf. For price wise, the most expensive one is 3-bedroom / 2,056 sf with a median price of RM730 psf; while the cheapest one is 5-bedroom / 2,659 sf with a median price of RM660 psf.
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