Quick Summary
Udini Square Gelugor is a commercial complex for sale at Gelugor, Penang, priced at RM 52,000,000. It is a strata mixed development with residential above, in Mukim Jelutong, and has a built-up area of 109,929 sq ft with 139 lettable shop units. The listing states an ROI of about 8.07% and a net yield of about 4.84%. Contact the agent today for details.
Specifications
Built Up Area
109929
Land Area
1127040
Description
Commercial complex @ Gelugor
Mukim Jelutong
Strata mixed development with residential on top of the complex, with shared access road.
Commercial complex
Built Up 109,929 sqft
139 units of lettable shops, excluding outdoor parcels (garden terrace)
ROI: ~8.07%
Net Yield: ~4.84%
As of Dec 2025, monthly rental (including parking) is ~RM350K, based on an occupancy rate of 90.29%, with 11,734 sqft of vacant units. Fixed expenses ~RM140K, depending on seasons.
We're planning a rental increase of approximately 7-9% for most renewals. Target monthly rental is approximately RM387K (an increase of ~11%).
Upcoming renewal:
2027 - 39,793 sq ft
2028 - 20,268 sq ft
More details and further discussion, contact Sharon Wong 017-4111899
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Loan & Insurance Calculator
Estimates onlyRates: Bank Negara Malaysia (indicative effective lending rate), refreshed daily. Tap a bank to apply its rate.
Monthly Instalment
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Loan Amount
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Total Interest
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MRTA vs MLTA Comparison
Indicative estimates - actual premiums depend on insurer, health & plan| MRTA | MLTA | |
|---|---|---|
| Estimated Premium | - | - |
| Payment | One-off (usually financed into loan) | Monthly / yearly premium |
| Coverage | Reducing - follows loan balance | Level - fixed sum assured |
| Beneficiary | Bank (settles the loan) | Family (loan settled, balance to family) |
| Cash Value | None / minimal | Yes - may have cash value |
| Transferable | Tied to this loan | Portable to next property |
All figures are estimates for reference only and do not constitute financial advice. Loan approval, interest rates and insurance premiums vary by bank, insurer, age, health condition and coverage chosen. Please consult your banker or licensed financial adviser for exact quotations.
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