Raine and Horne Commercial

INSIGHTS SPRING 2018 | 48 Currently, the best-selling property type at Karpal Singh Drive is residential, non-landed. Michael said, “The only landed properties in that particular area are at Nautilus Bay.” According to Michael, the prices of non-landed residential properties (with built-ups ranging from 1,200 to 1,500 sq ft) in Karpal Singh Drive are RM600,000 (A$202,600) to RM700,000 (A$236,400), while the prices of landed residential properties (such as a 3-storey, 22 x 100 ft terrace) range from RM800,000 (A$270,000) to RM1.8 million (A$608,000), and most of the residents are owner-occupiers. Some of the critical drivers of Karpal Singh Drive are the nearby schools, malls, and its connectivity. “The area is close to amenities such as the Penang International Airport which is about 20 minutes away without traffic. The future of Karpal Singh Drive is positive, and property values in the area will continue to go up,” says Michael. 1 h p:/ /www.theedgemarkets.com/article/cover-story-panoramic-view- reasonable-prices “ Karpal Singh Drive, Jelutong is connected to the Tun Dr Lim Chong Eu Expressway, which makes it easy to access the hotspots in Penang. It is a relatively new area and has been picking up for the past five years. ” 48 | INSIGHTS SPRING 2018 INTERNATIONAL | Malaysia