Marina Tower is a freehold low-density condominium nestled in Relau, Penang. Marina Tower is an established condominium since 1994. Marina Tower neighbors several condominiums and apartments including Desa Mas Melur, Vista Condominium and Parkview Towers. This medium-cost condominium comprises a single 18-storey tower that houses a total 138 units with 8 units per floor. Each unit has built-up sizes range from 680 sf to 720 sf with 3 bedrooms and 2 bathrooms. A unit comes with 1 car park bay. Maintenance fee is about RM90 per month. Marina Tower is equipped with full condominium facilities including landscaped garden, management office, community hall, swimming pool and gymnasium. The area is well served by numerous amenities. It is near about 5 minutes drive to PISA, Sunshine Square, Suntech and D'Piazza Mall. It is also within 10 minutes driving to FTZ area, Bukit Jambul Complex, Giant Hypermarket and Queensbay Mall. There are a few schools can be found nearby, including Sekolah Seri Relau, SRK Chong Cheng, SRJK Min Sin and SRK Sg Ara, It is also within close proximity to INTI College. Pantai Mutiara Hospital is just about 10 minutes driving away.
Property Details
Name: Marina Tower Address: Relau, Penang Completion Date: 1994 Type: Condominium Tenure: Freehold No. of Blocks: 1 No. of Storey: 18 No. of Units: 138 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 680 - 720 sf Maintenance Fee: RM0.13 psf Subsale Price: Rental: Facilities
24-hour security Landscaped garden Car park bays Swimming pool GymnasiumMarket Trends
Latest transaction in Marina Tower, Relau
| SPA Date |
Address |
Size |
Price |
| 25/07/2012 |
X-X-X, Lebuh Relau, Relau |
710 ft2 |
210000 |
| 12/04/2012 |
X-X-X, Lebuh Relau, Relau |
1227 ft2 |
190000 |
| 16/12/2011 |
X-X-X, Lebuh Relau, Relau |
710 ft2 |
150000 |
| 15/04/2003 |
X-X-X, Lebuh Relau, Relau |
710 ft2 |
112000 |
Analysis
The environment of Marina Tower is calm and peaceful. This is due to its low density factor. Besides that, the air is cool and fresh as it is sited on a high elevated land and near to green forest. Traffic congestion is a normal scene in the area during morning and evening peak hours at the Relau-Sungai Ara interchange which is caused by road bottle-necking along Jalan Paya Terubong. The traffic congestion is also contributed by motorists coming from Paya Terubong.Since the past 3 years, the price of Marina Tower has appreciated about RM10,000 per annum as Marina Tower was asked for about RM130,000, RM140,000 and RM150,000 in 2009, 2010 and 2011 respectively. The appreciation recorded is indeed a good trend as it delivers a cool 6% to 7% capital appreciation. However, the appreciation rate seems to slow down as there one can found that some units are asked for about RM140,000 in 2011.
