Sited off Jelutong Expressway, right at the inner part of Georgetown, is another IJM Land offering. Named The Maritime, this latest leasehold addition to the developer’s ever growing portfolio is slated for completion in 2014. A modern mixed development, the project offers SOHO units complemented with shop offices targeted at young urbanities, executives and entrepreneurs. It is situated in Lebuh Sungai Penang with neighbours such as Desa Pinang 2, Summer Place and Pinang Court 2.
A Mix of SOHOs & Shop Offices
With a perfect balance of life, leisure and work, The Maritime will showcase two components – Maritime Suite and Piazza. There will two blocks comprising the project, one is 18 storey high and another has 20 storeys. Housed within these blocks and the development’s 2.79 acre land area are 224 duplex SOHO suites and 50 shop offices. Shop offices feature built-up areas ranging from 1,140 to 6,394 sq.ft. while SOHOs will be available in three design layouts which include:
> Type A (915 to 900 sq.ft.) – 1+1 Room + 1 Bath
> Type B (883 to 1,001 sq.ft.) – 1+1 Room + 1 Bath
> Type C (1,023 to 1,130 sq.ft.) – 1+1 Room + 2 Baths
With its chic design and cozy size, Martime has the perfect suites for singles to young couples. Pricing is also competitively set at around RM450 psf adding another viable competition for the vicinity of Jelutong. But like always, it’s always wise to check on the property’s fair market value today. To help you along, download a free copy of our valuation guide right here.
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Modern Conveniences Added to the Mix
While not equipped with a lot of facilities, Maritimes was able to take care of the basics. It has a swimming pool for leisure and relaxation. As for those who keep up with a healthy lifestyle, there are two gymnasiums at your fingertips. One is outdoor and another is indoor. Children also has their own playground plus each unit comes with one or ore car parking bays. Sealing the deal is the development’s awe inspiring views of the Penang Bridge and the city’s panorama.
Strategically located in one of Penang Island’s bustling areas, Maritime is without a doubt investment-wise attractive for its location. A short distance from the development is the Jalan Jelutong vicinity where an array of amenities and food joints are found. Also a short drive away are two popular shopping complexes in the city namely Prangin and 1st Avenue Malls.
In the event of a medical emergency, the nearest facility is Hospital Pulau Pinang or you may also head over to Loh Gan Lye. Educationally, Jelutong has a number of schools to choose from including SMKP MEthodist, Penang Japanese School and SJK Moh Ghee Cawangan.
While the Jelutong is richly blessed with amenities, Maritime as part of a mixed development also has its own collection of establishments. That means doorstep conveniences for residents who’d rather enjoy the comforts of home. At the Maritime Piazza is where you’ll find single storey shops, offices and the 2-storey piazza.
Decently accessible, Maritime remains connected to the rest of Georgetown via the following routes – Jelutong and Tun Dr Lim Chong Eu Expressways as well as Jalan Sungai Pinang. Public transport, in the form of buses and taxis, also serve the area for greater connectivity.
Location-wise, Maritime is in a good spot alongside similar developments making it a good prospect for a price of around RM450 psf. However, there were some complaints with regard to IJM Land’s practice of favouring investors who buy in bulk. Despite the developer’s solid reputation and strong portfolio which includes Platino and other luxury projects in Penang, some investors are wary that they might leftover units. Another drawback is its leasehold tenure which means lease renewal at the end of the contract.
In any case, if you’re interested about Maritime, you can download our free ebook guide below to confirm the property’s fair market value today.