Grace Harmony Penang
Grace Harmony Jelutong, Penang
You’ll find: Video (coming soon), Layout, floor plan, facilities and details of this properties, including prices for sale & rent and most importantly our review for Grace Harmony Penang.
Table of Contents
Grace Harmony LOCATION
- 5 minutes to morning market
- 5 minutes to Batu Lanchang Wet Market /Food Court
- 1.5 km to Sungai Pinang Food Court
- 2 km to Karpal Singh Drive
- 3.5 km to Penang Bridge
- 4 km to E-Gate
- 4 km to Lotus Penang (Tesco)
- 4 km to Georgetown
- 7 km to Gurney Drive / Botanical Gardens
- 11 km to Bayan Lepas Free Industrial Zone FIZ
- 13 km to Penang International Airport
Who is the developer? – Nova Mulia
Grace Harmony is a leasehold project by Nova Mulia located at Jelutong, Penang. It is an affordable project with low medium cost and total of 754 units project while affordable and public unit from 850 square feet 3 bedrooms.
Key Features / Summary of Grace Harmony
More About Grace Harmony
Grace Harmony is a leasehold condominium located in Jelutong, Penang.
There are 754 units available at this project. It is being developed by Nova Mulia Development Sdn Bhd.
Nova Mulia Development Sdn Bhd is a small real estate organization held privately, and it has constructed around 3 real estate projects in Malaysia. Other similar projects by the same developer are Grace Residence and Nova Place.
Grace Harmony Facilities & Floorplan
- BBQ Pavilion
- Outdoor Exercise Area
- Sky Garden
- Community Hall
- Pre-function area
- Basketball Court
Grace Harmony layout
Affordable 850 square feet
- 3 Bedrooms
- 2 Bathrooms
Frequently Asked Questions (FAQs) about Grace Harmony Penang
Yes you can. However, if it is a new project / under-constructions / developer’s unit , developers are giving free legal fees ya.
Developers would be happy if you help them save cost
Yes you can. As long as I’m awake I will answer your call & reply your message.
Rest assured. We are here to help & provide solution. We promise no hard selling or pushing. Tell us what’s in your mind and we’ll try our best to help
Yes you can. Please contact us via 011-1098 4066 to visit and get more information!
Sorry to say that you cannot own this project.
Feel free to contact us for other proposal that might fit you best.
Contact Us for Grace Harmony
Grace Harmony Penang Full review
Is Grace Harmony a Good Buy ?
Our Analysis / Opinion
Pretty convenient location if you know Jelutong well, so damn convenient that almost everything within walking distance. You have the morning market nearby, convenient store and so many food stalls around within short distance drive.
So if you were gonna ask me whether is it good for own stay / own usage, what I can comment is only location and convenient, good for own stay or not it is very subjective considering the price and you will find some people will complain about foreign or factory worker or hostel later. What to say?
In short, this is low medium cost and affordable category property, if you want to complain, raise your budget and buy somewhere else nearby like Sandilands, Grace Residence, Platino, Bayswater and etc.
It’s definitely ok for investment if you are able to secure the LMC (low medium cost) unit and also the cheaper affordable units. You might be wondering: Leasehold wor, can meh? Well my answer to you is: I don’t know.
Quite a few completed properties are able to convert from leasehold to freehold in Penang and if I’m not mistaken some examples are D’Piazza and Batu Kawan EcoWorld’s project successfully converted to freehold status. So, I only want to say anything can happen.
If you’d like a conservative answer, ask yourself if you’re able to rent it out at a rental rate that can offset your interest payment. If you think yes, then you’re good to pick up a unit here at Grace Harmony.
If you like a high ROI in terms of rental return you can consider getting a unit here which I think the ROI should be around 3% onward and if you’re lucky you can get 4% depends on the purchase price you get.
Again, ROI is a very subjective question. You buy early at the price of RM 450k and get a rental rate of RM 1,000 per month and your ROI will be 2.6%. If you buy later when the price increase let’s say to RM 500k and you get a rental rate of RM 1,000 per month your ROI of course will be lower i.e. 2.4%
If you’re ok with minimum rental rate of RM 1,000 then I think you’re safe to pick up a unit here.
If you’re taking bank loan for sure it will be net cash outflow every month but as long as you can offset your bank interest with your rental income then should be fine.
And please don’t ask me can affordable or LMC rent out? The answer will be legally cannot but we all know Malaysia boleh.
There’s 444 units of affordable & 310 units of LMC so I presume around 50% will be for own usage / own stay purpose.
Also, if you buy early you can sell early too due to the restriction of 5 years and 10 years for the affordable category projects.
What I like about Jelutong is location, super convenient and if you’re lucky you might be able to convert from leasehold to freehold in the future.
Travelling distance of Grace Harmony to Georgetown and Bayan Lepas also within short distance.
Let’s arrange for a visit to Grace Harmony
Interested with any of the project you saw here in our website ? Just click on the “Message” / “WhatsApp” button and let us know.
We’ll send you detailed info & invite you to the showroom / sales gallery / actual site.
You can also reach us at +6011-1098 4066
We’ll assist you throughout the process, if you’re happy, just pick up a unit, we have ready bankers & lawyers to assist your loan application & sales & purchase process.
However, if you think our proposal is not able to suit your criteria, do feel free to let us know please don’t say “I’ll consider and come back to you”. We know you wont come back so just let us know so we can help you with our best. Again, we promise, no hard-selling.
Voilà, congratulations, u can sign relevant documents now if everything approves / goes well. Sit back and relax to wait for your keys / vacant possession.
What if loan rejected ? No worry, fully refundable for your booking fees. We’ll let you what could be the potential reason your loan is rejected, and then we start from there to build your profile again ! (Don’t be disappointed, it happens to some of our clients sometimes)
About My Property Deals - Scott Seow
Real Estate Negotiator (REN 43700)
I’m Scott Seow, a real estate negotiator focusing on new projects, sharing of news and updates related to Penang & Malaysia’s property. I’m an detailed & transparent person, what I know will definitely be what you know. Nobody likes hidden fact when it comes to decision-making.
I deliver SHARP DETAIL for my clients throughout the entire property hunting journey. You need sharp detail because of information overload, unorganized, overpromising agent and developers. Right now, having someone who is SHARP & DETAILED is key to your success. Other people do not provide SHARP DETAIL and as a result, you’ll probably experience an incomplete information, confused or even wrong purchase decision!
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