Island Glades

Island Glades is a residential neighborhood located within the developing enclave of Green Lane. There are several similar neighborhoods within close proximity including but not limited to Taman Green Lane, Taman Greenview, Delima Palace and Taman Hutchings.The neighborhood comprises of several types of residential developments such as terrace / link houses and condominiums. Among the condominiums available in Island Glades include Delima Palace and Puncak Mutiara. Units offered in Delima Palace have various layout, designs and built-up sizes; while units in Puncak Mutiara is pretty standardized with an average built-up size of 1,200 sf; 3 bedrooms and 2 bathrooms.Houses located within Island Glades are typically double-storey tall with several single-storey houses. The houses come with an average of 5 bedrooms and 3 bathrooms. The houses usually have a built-up size ranging from 1,200 sf to 2,000 sf with a land area of roughly 2,400 sf.Strategically located within the established neighborhood of Island Glades, residents are afforded convenience in terms of accessibility to amenities. There are plenty of grocery shops along Lorong Delima 6, the commercial row of Island Glades. The nearest shopping mall is Gembira Parade followed by Tesco.When it comes to education, many institutions can be found within close proximity to Island Glades. The nearest schools are Hamid Khan Secondary School, Chung Hwa Confucian Secondary School, Convent Green Lane, Georgetown Secondary School, Penang Free School - all of which are no more than 2km away.In terms of transportation, residents of Island Glades will have an easy access to Tun Dr. Lim Chong Eu highway which directly connects to Penang Bridge, rendering connecting to and fro Penang Island a breezy experience. Public transportation are easily available as well with several buses serving the enclave such as Rapid Penang Bus No. 11, 206, and 304.

Property Details

Name: Island Glades

Address: Green Lane, Penang

Type: Residential

Tenure: Freehold

No. of Storey

House: 1 - 2

No. of Bedrooms

House: 3 - 5

Condominium: 3 - 6

No. of Bathrooms

House: 2 - 3

Condominium: 2 - 5

Subsale Price

House: From RM400 psf

Condominium: From RM400,000

Rental:

Facilities

Covered parking

24-hour security

Playground

Market Trends

Analysis

Island Glades is considered to be one of the older residential neighborhood located within Penang Island. Over the span of several years starting from 1960, many new developments ranging from housing estates to high-rise developments have been seen sprouting up. This trend is currently still on-going especially at the edges. As such, it can be speculated that a gradual capital appreciation is inevitable.Developments within Island Glades are ideal for young families as well as business executives who enjoys living on the Island as the convenience afforded is incomparable. Some of the older developments are still affordable priced in comparison to most of the newer upcoming developments. As such, it may be advisable for prospective tenants to snatch up any remaining units as soon as possible.