One One Eight Island Plaza 118 Tanjung Tokong
Check out the newest homes, pricing, and best prices for One One Eight Island Plaza 118 in Tanjung Tokong.If you’re looking to buy, rent, or sell, receive professional advice here.
Property Overview
One One Eight Island Plaza 118 is a prestigious mixed-use development in the heart of Georgetown, offering a seamless blend of luxury and convenience. This property features stylishly designed residential units and versatile commercial spaces, catering to both discerning homeowners and businesses. With panoramic views of the cityscape and the sea, the residences offer modern comforts such as state-of-the-art security, a fully equipped gym, and an infinity pool. The commercial spaces are ideal for retail and office purposes, boasting ample parking and top-notch facilities.
Situated in a prime location, residents and businesses enjoy easy access to a plethora of nearby amenities including shopping malls, gourmet dining options, and cultural attractions. The development is well-connected to major roads, ensuring swift commutes to other parts of the city.
Investment opportunities here are promising, with residential units typically priced between MYR 800,000 to MYR 1.5 million for sale, while rentals range from MYR 3,000 to MYR 6,000 per month. Commercial spaces have competitive pricing that aligns with market trends, making it a compelling choice for both investors and tenants seeking a vibrant urban lifestyle.
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Why Should You Choose One One Eight Island Plaza 118, Tanjung Tokong
Transport & Connectivity
– Rapid Penang Bus Service: Regular routes connect Tanjung Tokong with George Town and other key areas.
– Penang Hill Railway: Approximately 10 km, providing easy access to Penang Hill for stunning views and hiking trails.
– Penang Bridge: Around 11 km, facilitating seamless travel between the island and the mainland.
Shopping & Dining
– Straits Quay Retail Marina: Approximately 1 km, offering a mix of shopping, dining, and waterfront leisure.
– Precinct 10: About 1.5 km, featuring various restaurants and cafes for diverse culinary experiences.
– Gurney Plaza: Roughly 3 km, a major shopping mall with a range of international and local brands.
Healthcare
– Penang Adventist Hospital: Approximately 5 km, providing comprehensive medical services and specialist care.
– Island Hospital: Around 6 km, known for advanced healthcare facilities and a wide array of medical services.
Education
– Tenby International School: About 2 km, offering a British curriculum and IGCSE program.
– Dalat International School: Approximately 5 km, known for its American-based education system.
– Universiti Sains Malaysia: Roughly 12 km, a leading public university known for research and innovation.
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Frequently Asked Question
What you need to know before engaging our services
We shortlist properties based on your financial plan, desired area, and specific needs. We also handle negotiations and assist you with the property purchase journey
It depends on your priorities. New launch properties often come with developer perks like cashback deals and flexible payment plans, but they take time to complete. Sub-sale properties are ready to move in, allowing you to inspect the unit before buying. We can help you compare options based on your requirements.
You should have your IC, salary details (payslip/KWSP record/bank statements), and a loan approval (if needed) to speed up the process.
Aside from the initial deposit (usually 10%), you’ll need to budget for government charges, legal fees, bank processing charges, and valuation charges.
Yes! We study the property trends, compare recent sales, and negotiate with the seller to help you secure the most favorable price.
We filter listings that match your budget and requirements, schedule viewings, and discuss rental terms with the landlord to secure the best deal for you.
For rental properties, the renter typically pays an service charge, which is equal to one month’s rent, depending on the rental duration.}
Typically, you will need your IC or passport, recent payslips, and proof of income like a bank statement or employment letter. Some landlords may request extra documents, depending on their requirements.
You are generally required to pay a 2-month security deposit, 1-month advance rent, and a utility deposit when renting a property.
Typically, if you terminate your tenancy early, you may lose your deposit unless you find a new tenant to take over.