Vertiq, Gelugor

Vertiq is a freehold apartment located in Gelugor, Penang. There are 318 units available at this project with built-up from 1,044 sf to 1,313 sf. It was developed by IJM Land Bhd with a launch price of around RM500 psf, and was completed about 2015.

IJM Land Bhd is a very big-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, Monte Bayu, Riana Green, Riana Green East, Summer Place, Suriamas Suites, The Epic Residences, The Light Collection 2 and The Light Linear.

Property Type
Apartment
Land Tenure
Freehold
Built-up
1,044 sf - 1,313 sf
Market Price
RM820,000 - RM1,480,000
Density
318 Units
Completed In
2015
Developer
Launch Price
About RM500 psf

The only amenities nearby this apartment are some schools.

The current market prices for Vertiq are from RM820,000 to RM1,480,000 (about RM790 psf); while the monthly rentals are from RM2,400 to RM4,500 (about RM2.30 psf). The highest median price psf ever recorded was RM809 psf in Q1 2013; while the lowest one was RM653 psf in Q4 2016.

The current rental yield of Vertiq is around 3.06%, compared to 3.31% a year ago in Q4 2018. The highest rental yield ever recorded was 3.9% in Q3 2015; while the lowest one was 2.52% in Q2 2015. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Vertiq is 3-bedroom / 1,044 sf with a median price of RM790 psf. For price wise, the most expensive one is 3-bedroom / 1,087 sf with a median price of RM790 psf; while the cheapest one is 3-bedroom / 1,302 sf with a median price of RM720 psf.

Latest Vertiq for sale listings:

DateTypeBuilt-upPrice
TodayCondominium1,045 sfRM780,000
TodayCondominium1,087 sfRM900,000
02-Nov-19Condominium1,057 sfRM835,000
01-Nov-19Condominium1,044 sfRM855,000
29-Oct-19Condominium1,087 sfRM775,000
29-Oct-19Condominium2,056 sfRM1,600,000
26-Oct-19Condominium1,302 sfRM900,000
26-Oct-19Condominium1,044 sfRM850,000
26-Oct-19Condominium1,313 sfRM950,000
26-Oct-19Condominium1,980 sfRM1,450,000

Latest Vertiq for rent listings:

DateTypeBuilt-upRental
10-Nov-19Condominium1,044 sfRM2,500
07-Nov-19Condominium1,313 sfRM2,400
06-Nov-19Condominium1,044 sfRM2,500
06-Nov-19Condominium1,970 sfRM2,900
05-Nov-19Condominium1,087 sfRM2,100
30-Oct-19Condominium1,100 sfRM2,100
29-Oct-19Condominium1,087 sfRM2,200
08-Oct-19Condominium1,300 sfRM2,600
08-Oct-19Condominium1,313 sfRM2,400
08-Oct-19Condominium1,087 sfRM2,300

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