Platino, Gelugor

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 157 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.

Property Type
Apartment
Land Tenure
Freehold
Built-up
1,819 sf - 2,659 sf
Market Price
RM1,260,000 - RM1,680,000
Density
228 Units
Completed In
Mid 2010
Developer
Launch Price
About RM380 psf

This apartment has many amenities nearby, such as schools, universities and hospitals. The following are some of the major schools here:

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 RM1,260,000 to RM1,680,000 (about RM690 psf); while the monthly rentals are from RM3,500 to RM4,300 (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 3.36%, compared to 3.23% a year ago in Q2 2018. 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 RM690 psf. For price wise, the most expensive one is 4-bedroom / 2,314 sf with a median price of RM710 psf; while the cheapest one is 5-bedroom / 2,659 sf with a median price of RM630 psf.

Latest Platino for sale listings:

DateTypeBuilt-upPrice
04-Oct-19Condominium2,099 sfRM1,300,000
04-Oct-19Condominium2,099 sfRM1,318,000
01-Oct-19Condominium2,056 sfRM1,350,000
12-Sep-19Condominium1,819 sfRM1,200,000
12-Sep-19Condominium2,659 sfRM1,650,000
11-Sep-19Condominium2,659 sfRM1,650,000
10-Sep-19Condominium1,819 sfRM1,250,000
09-Sep-19Condominium1,819 sfRM1,300,000
09-Sep-19Condominium2,659 sfRM1,950,000
09-Sep-19Condominium2,476 sfRM1,880,000

Latest Platino for rent listings:

DateTypeBuilt-upRental
20-Sep-19Condominium1,829 sfRM3,400
16-Sep-19Condominium1,819 sfRM3,300
12-Sep-19Condominium1,819 sfRM3,500
27-Aug-19Condominium2,056 sfRM4,500
27-Aug-19Condominium2,314 sfRM4,000
27-Aug-19Condominium1,076 sfRM3,500
27-Aug-19Condominium1,800 sfRM3,800
27-Aug-19Condominium1,819 sfRM3,800
27-Aug-19Condominium1,819 sfRM3,500
22-Aug-19Condominium2,476 sfRM4,000

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