Mutiara Residence is a freehold, mid-high end residential development located in Balik Pulau, Penang. The development was completed in the year 2012 by the developers, Malton. The development comprises of two 3-storey bungalows and 24 double-storey terrace houses. There are only two bungalows in the entire development, named Nathalis and Lycaena respectively. Both having 5 bedrooms and 4 bathrooms, with a built-up of roughly 3,200 sf. The terrace houses have 4 bedrooms and 3 bathrooms, and a built-up of 2,163 to 2,270 sf. The units here are intricately designed to promote natural ventilation and sunlight. The units have a ceiling height of 11 ft for maximized cooling effect along with a door height of 8 ft. These all contribute to create a serene environment which is ideal for the whole family.The location for Mutiara Residence is neither gated nor guarded. There are also no facilities built by the developer. However, basic amenities are rather accessible as the neighborhood nearby has restaurants, banks, and mini markets catering for the residents. Malls however, are located very far away as Balik Pulau is deep within Penang. The nearest hospital is Hospital Balik Pulau. Schools nearby include SMK Seri Balik Pulau and Tar Thong Primary School.Mutiara Residence is located in Balik Pulau, which is not very accessible. there is only one road to get to the better-developed areas in Penang which is Jalan Tun Sardon. There is also Jalan Balik Pulau which leads towards the south to the Batu Maung area. However, the are public busses frequenting the area. There are a couple of bus stops within walking distance from the development.
Property Details
Name: Mutiara Residence Address: Off Jalan Balik Pulau, 11000 Balik Pulau, Penang Developer: Malton Completion Date: 2012 Type: Terrace & Bungalow Tenure: Freehold No. of Storey: 2 & 3 No. of Units Bungalow: 2 Terrace: 24 No. of Bedrooms: 4 - 5 No. of Bathrooms: 3 - 4 Land Area Bungalow: 3,112 - 3,362 sf Terrace: 1,540 - 2,787 sf Built-up Bungalow: 3,112 - 3,362 sf Terrace: 2,163 - 2,270 sf Launch Price: From RM526,000Layouts
Bungalow 5 bedrooms + 4 bathrooms (3,112 - 3,362 sf) Terrace 4 bedrooms + 3 bathrooms (2,163 - 2,270 sf)Analysis
The prices of properties in Penang Island has been spiralling out of control despite the best efforts by the state government. The location of Balik Pulau itself has little to offer as it is located far away from the better-developed areas such as Georgetown or Bayan Lepas. There are few roads leading into the area, therefore, accessibility is the biggest issue, as persons working in the city would have a long daily commute. Compared to the rest of Penang Island, however, the units here are considered fairly priced given the product, but the location is one downside that one has to live with.
