Pegasus Residence

Pegasus Residence is a gated and guarded freehold residential development located in Bukit Mertajam, Penang. It comprises of 117 units of double storey terrace houses. The project is developed by Pegasus Property Sdn Bhd. Pegasus Residence feature modern design with ample green spaces for relaxation and community activities without having to go too far. There are several ways to reach Pegasus Residence via the Lingkaran Luar Butterworth, Penang Bridge 1 & 2 or Lebuhraya Tun Dr Lim Chong Eu which will lead to Bukit Mertajam. Alternatively, the North South Expressway can also link directly into Bukit Mertajam. Within the area, it is served by several buses with the nearest bus stop approximately 4 minutes walking distance from Pegasus Residence. Meanwhile, you can also hail a taxi to get there. There are a host of amenities to which residents can get access to such as SK Kebun Sireh, SK Jalan Baharu Prai, for groceries residents can head to JMS Supermart Bukit Tengah, Mydin Bukit Mertajam,Wonderfull Supermarket and Econsave while for shopping there is always AEON Mall Bukit Mertajam. When it comes to food, residents will definitely be spoilt for choice with options such as Amma Curry House Kg Dock, Look Yuen Restaurant, De Aroma Tomyam and many more, all within short driving distances from Pegasus Residence. Within Pegasus Residence are facilities especially for resident’s usage such as club house, swimming pool, water fun park, landscaped garden, playground, jogging track, 24 hours security and covered car park. There are a total of 117 units of double storey terrace houses with built-up from 1,760 sf to 2,392 sf of either 4 bedrooms or 5 bedrooms units. The current selling price ranges from RM 590,000 - RM 740,000 for a 2,392 sf 4 bedroom unit. The current yield is around 2.5% compared to 2.48% in Q2 2018 while the rental yield is 2.38% in Q1 2020. Other projects in the same neighbourhood worthy to look at include Prominence @ Bukit Mertajam, BM City Suites @ BM City Mall, BM Residence Condominium, Pangsapuri Delima Intan, Kondominium Mutiara (Bandar Perda) and Mahkota Impian.