Metro Residences

Metro Residences is located in Bukit Jambul Indah, a new residential property project by Metro Penang Sdn Bhd. Strategically located, just 5 minutes away from Penang Bridge and Penang International Airport.

Metro Residences comprises 44 units of 3-storey terrace house. Each terrace house come with 6 bedrooms and 5 bathrooms.

Property Project : Metro Residences
Location : Bukit Jambul Indah, Penang
Property Type : 3-Storey Terrace
Tenure : Leasehold (expiring 4/4/2108)
Land Area : 20' x 63', 22' x 83', 20' x 67'
Built-up Area : 20' x 43', 22' x 43', 20' x 44'6"
Total Units : 44
Developer : Metro Penang Sdn Bhd


June 9, 2010 at 12:01 PMUnknown

how much?

June 9, 2010 at 3:49 PMDaniel Koay

How much is that ??

June 9, 2010 at 5:05 PMUnknown

RM758,000 onwards.

June 12, 2010 at 3:36 PMDeslie

lease hold property

June 12, 2010 at 10:46 PMUnknown

Hmm... I think leasehold property is less desirable in Penang. Looks like all those that are leasehold are harder to sell (like Nautilus Bay, Sierra Vista, Jambul Villa, etc). But I must admit that some of them have really nice design. If it was freehold at that price, I think it would all have been sold already.

June 13, 2010 at 11:08 AMbryan

no doubt leasehold will be cheaper, but $758k for 3storey? doesnt seem to be cheaper than freehold 3 storey. bayan residences is 3 storey freehold, just $700k. SPI 2.3 storey freehold, just $680k. Not worth for investment.

We should ignore these kind of developer as they don't use brain to think of penang market need and simply build according to their requirement. They think they can earn a big ransom from this project with landed project which is a lot easier to build than condo...haha let see how.

June 13, 2010 at 11:40 AMSC

this developer really childish and dont know what is marketing, i doubt there are really "water fish" bought it with this price.

June 13, 2010 at 12:20 PMconcern

Lease hold with this price? stupid ppl will buy it. Unless come with fully furnish. That's another one things.

June 13, 2010 at 5:59 PMUnknown

Hmm.. I wonder if anyone bought a unit here. I'd really like to know what is their logic.

June 13, 2010 at 11:24 PMDeslie

i heard the size of 22' x 83' is 835k if not mistaken. Beside the main road.

June 17, 2010 at 1:13 PMUnknown

This place is more peaceful, not so crowded. It is a nice place to stay. Its also closer to town. SPI is too far away from town. Any other places that have similar type of landed property with the price range of 700k - 750k and fulfill the above conditions?

June 18, 2010 at 10:32 AMUnknown

750k?? dirt cheap for penangites. buy buy buy.

June 19, 2010 at 9:45 PMUnknown

ya dirt cheap.....go buy buy buy like buy kuih.....sure will sold out before launch also...

June 19, 2010 at 10:52 PMjolin

LEAST HOLD!!! Awake pls...

June 21, 2010 at 11:49 AMUnknown

Anybody knows about the sales percentage? I think the sales must be very encouraging.

June 21, 2010 at 9:00 PMUnknown

I guess if you don't care about the resale value 10-20 years later, then it would be a good buy.
Of course, ONLY if you don't care that it's worth 1/3 the price of other freehold property.

July 6, 2010 at 11:45 AMUnknown

The project will be officially launched on 10/07/2010, in conjunction with Birthday of Yang-Di-Pertua Negeri Pulau Pinang, the developer is offering the following attractive package to the purchasers:-

Absorbed by developer:

* Legal fees on Sale & Purchase Agreement
* Stamp duty on Sale & Purchase Agreement
* Legal fee on Loan Agreement
* Stamp duty on Loan Agreement
* Progress interest during construction (up
to vacant possession)
* Stamp duty on Memorandum of transfer

Total cost saving of approximately RM58,000/-

July 7, 2010 at 11:02 AMUnknown

Come this Saturday, in conjunction with the birthday of Yang-Di-Pertua Negeri of Pulau Pinang, the developer is offering the following attrative package to the purchasers:-

Free legal fees & stamp duty of (i) Sale and Purchase Agreement (ii) Loan Agreement (iii) Memorandum of transfer (iv) Absorb progress interest during construction until Vacant possession; total saving of approximately RM58,000/-.

July 9, 2010 at 4:19 PMsyida

Not Only tat..develepor olso given away 7 unit of Air Cond. It is attractive.

July 9, 2010 at 5:44 PMUnknown

Wow!! Very lucrative offer.

July 14, 2010 at 5:55 PMEelice

758K is not cheaper for a LEASEHOLD. Only idiots will buy, taking into account if they are not planning to sell in future. Else this property will not fetch any ROI in future with or without 7 air-cons or free stamp duty.
The Bayan Residence would be a better buy and it is FREEHOLD.
Worst, the place will be congested when College Heights Apartment is completed in the near future.
In addition, there is a low cost flat near by and it's an eye sore.
In the evening, this place is hot as it is facing the sunset.
Lucrative Offer or not is short term. When buying a property, penangites think Long term. It's not 300k or 500k. It's 758k NO JOKE!
Look at the leasehold apartments in that area like LakeSide Apartment and Alpine Apartment, the price for these property is stagnant.
Lots of 2.5 storey terrace Freehold property behind Desa Bukit Jambul to consider.

July 17, 2010 at 10:03 AMUnknown

If the purpose of buying is for owner occupation, I would recommend that, because the old double storey terrace house is already approaching RM750.000/- in certain area and you have to spend another 50k or more to renovate it.

August 9, 2010 at 11:01 PMUnknown

ya, at 758K better buy One Residence Phase 3. Hearsay from 730k onwards, 2-storey with b/u of 2300 = 22' x 70'. (building 22' x 50'). Only set back is Gated and Guarded = monthly service charge.

August 13, 2010 at 6:13 PMUnknown

One residence is too far and deep in compared to this location... this is not gated and hence you don't need to pay the monthly service charge for life....

August 28, 2010 at 7:11 PMMasterPiece

Lol, 758+ for a lease hold, way too expensive, not worth to invest even not worth to buy and stay, due to the location located at JAM area.

I rather get a 700K+ house at southbay

August 31, 2010 at 12:51 PMUnknown

Southbay 700k+ was 2 years ago price,now bumi lot price is 960k+

September 28, 2010 at 5:35 PMUnknown

With crime rate on the rise, gated and guarded would be a better choice in future. In the gated area, the residences can decide and take over hiring the security guards themselves to cut cost.
Southbay is too far to travel to any places and there is only one route to the place and it is usually JAM due to peak hours.
Metro Residence is too expensive for a Leasehold. Whoever buys it will have problem in selling this property in future. In addition the show house and the other units are of different design. The show house loks bigger but the other units (b/up) are very small 20 X 43. Can't even park 2 sedan cars in the porch.

April 6, 2012 at 9:08 PMlim

Many speculators kena stuck here.

Many units around but no buyer in subsale market.

September 24, 2013 at 11:06 PMUnknown

Balik Pulau also got one project name METRO RESIDENCE !!! same developer ???

May 24, 2016 at 5:15 PMAnthony

I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to TQ
Will try my best to negotiate for u. TQ and have a nice day.