The Rise, Georgetown

The Rise (formerly known as Chelliah Park City) is a leasehold condominium that is located in Georgetown, Penang Island. There are 1,900 units available at this condominium with built-up from 800 sf to 1,001 sf. It was developed by Zubicon Sdn Bhd with a launch price of about RM100 psf, and was completed in around 2016. Zubicon Sdn Bhd is a privately held small-scale property development company, and it has developed only this project in Malaysia.

Property Type
Condominium
Land Tenure
Leasehold
Built-up
800 sf - 1,001 sf
Market Price
RM360,000 - RM490,000
Total Units
1,900 Units
Completion Date
2016
Launch Price
About RM100 psf

This condominium has some amenities nearby, i.e. schools, universities and hospitals. The following are some of the major schools here:

As for universities, there are Advance Tertiary College Penang (ATC) and MSU College (Penang).

The current rental yield of The Rise is around 4.95%, compared to 3.79% a year ago in Q1 2023. The highest rental yield ever recorded was 4.95% in Q2 2024; while the lowest one was 3.01% in Q4 2020. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at The Rise is 3-bedroom / 800 sf with a median price of RM490 psf. For price wise, the most expensive one is 3-bedroom / 1,000 sf with a median price of RM490 psf; while the cheapest one is Studio / 904 sf with a median price of RM440 psf.

Latest The Rise sale listings:

DateProperty TypeBuilt-upPrice
9 May 2024Condominium800 sfRM350,000
7 May 2024Low-Cost Flat1,000 sfRM485,000
7 May 2024Low-Cost Flat1,000 sfRM475,000
7 May 2024Low-Cost Flat800 sfRM450,000
7 May 2024Low-Cost Flat800 sfRM397,000
3 May 2024Low-Cost Flat800 sfRM350,000
3 May 2024Low-Cost Flat800 sfRM380,000
3 May 2024Low-Cost Flat800 sfRM420,000
3 May 2024Condominium1,000 sfRM473,000
2 May 2024Low-Cost Flat1,000 sfRM488,000

Latest The Rise rental listings:

DateProperty TypeBuilt-upRental
9 May 2024Low-Cost Flat900 sfRM1,500
9 May 2024Condominium1,000 sfRM1,700
9 May 2024Condominium1,000 sfRM1,900
8 May 2024Low-Cost Flat1,000 sfRM1,700
8 May 2024Low-Cost Flat700 sfRM1,300
7 May 2024Low-Cost Flat800 sfRM1,500
6 May 2024Low-Cost Flat850 sfRM2,000
5 May 2024Low-Cost Flat700 sfRM1,200
4 May 2024Condominium1,000 sfRM2,000
3 May 2024Low-Cost Flat700 sfRM1,500
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