Gelugor Property: Landed Homes & Commercial Shop Offices
Landed Houses in Kawasan Gelugor, Penang
- Property Types: The most common type of landed houses available are 2-storey terraced houses, but you can also find semi-detached houses and bungalows. Some of these are located in established residential areas like Minden Heights and Bukit Gelugor.
- Built-up and Land Size: The sizes of these properties vary significantly. For 2-storey terraced houses, built-up areas typically range from 1,800 to 3,000 sq. ft. For larger properties like semi-detached and bungalows, built-up and land sizes can be much bigger, with some reaching over 7,000 sq. ft. of land area.
- Condition and Furnishing: Listings show a mix of unfurnished, partially furnished, and fully furnished units, catering to different buyer or renter needs.
- Pricing: The prices of landed houses in Gelugor vary widely based on size, location, and condition. Recent listings for 2-storey terraced houses show prices generally in the range of RM 700,000 to over RM 1.8 million. Larger and more luxurious properties like bungalows can be priced well into the millions. The median transaction price for residential properties in the area is around RM 424,000, but this includes a wide range of property types.
Shop Offices in Kawasan Gelugor, Penang
- Property Types: The commercial landscape in Gelugor includes shop lots and office lots within commercial complexes, as well as standalone shop houses. Examples of well-known commercial complexes with available units include Sunny Point Complex and E-Gate.
- Built-up Size: Built-up sizes for shop and office units can range from smaller spaces around 400 sq. ft. to much larger units of over 2,000 sq. ft. Standalone shop houses may have larger built-up areas.
- Pricing and Rental Yield: The price for commercial properties varies. For example, office and shop lots in complexes can be priced from around RM 370,000 to over RM 1.7 million, depending on the size and location. Standalone shophouses on main roads, like Jalan Sultan Azlan Shah, are typically more expensive, with some listed for around RM 1.5 million. There are also large commercial properties, like a 4-storey retail mall, with a price tag of RM 50 million. The commercial properties in the area are often considered a good investment due to their strategic location and accessibility.
- Key Commercial Areas: Major commercial hubs include complexes like E-Gate and Sunny Point Complex, which are located near key roads and residential areas. The area also has shophouses along main roads such as Jalan Sultan Azlan Shah.
Overall Location Description
Gelugor is a highly sought-after location on Penang Island due to its strategic position and excellent amenities.
- Connectivity: The area offers seamless connectivity to the Penang Bridge, making it convenient for travel to the mainland (Seberang Perai). It is also well-connected to other parts of Penang Island via major roads like the Tun Dr Lim Chong Eu Expressway.
- Amenities: Gelugor is a mature neighborhood with a wide range of amenities. It is home to Universiti Sains Malaysia (USM), a top-rated public university, and is close to other schools, shopping malls (like The Waterfront Shoppes and Queensbay Mall), and a variety of retail and dining options.
- Environment: The area offers a blend of urban convenience and a relatively tranquil living environment, away from the intense hustle and bustle of the Georgetown city center.
KAWASAN GELUGOR @ Properties
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Frequently asked question
The price of a landed property in Gelugor varies greatly. A double-storey terraced house can be found starting from around RM900,000 to RM1.5 million, while semi-detached and bungalows can go from RM2 million to well over RM4 million. The final price depends on factors like location, size, age, and condition of the property.
Yes, Gelugor is considered an excellent location for property investment. Its prime location on Penang Island, coupled with limited land supply and strong demand from homebuyers and businesses, contributes to a stable and appreciating property market. Both residential and commercial properties have shown positive growth and rental yield potential.
Minden Heights, Bukit Gambier, and Taman Brown are some of the most popular and well-known residential areas for landed properties in Gelugor. These neighborhoods are known for their quiet environment and spacious homes.
You can find commercial shop offices in established commercial centers such as The Palazzia, e-Gate, and along major roads like Jalan Sultan Azlan Shah. These areas are hubs for business activities and provide good connectivity.
Many properties in Gelugor, both residential and commercial, have a freehold title. However, there are also some leasehold properties, so it is crucial to verify the land tenure of any specific property you are interested in.
Gelugor is well-equipped with amenities. It is home to Universiti Sains Malaysia (USM), and is close to hospitals, schools, and shopping centers like The Waterfront Shoppes, Udini Square Mall, Lotus's, E-Gate. The Penang Bridge is also easily accessible, providing seamless connectivity to the mainland.
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