Rangoon Residence

Jalan Rangoon, George Town, Penang

RM 7,000,000


Baths

10

Baths

sqft (floor)

5

sqft (floor)

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RM 1,400,000

psf (floor)


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Photos

map

Map View

Property details

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Hotel / Resort for sale
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Fully fitted
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Leasehold
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Listed on 4 Aug 2025
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Listing ID - 60314356
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5 sqft floor area

About this property

Jalan Rangoon 5 Storey Hotel

For Sale

Hotel
Jalan Rangoon, 10400 George Town, Pulau Pinang

Total 5 floors
24 rooms
1 lift
Land Size 2200sqft
Build Up 9000 sqft
Freehold

Asking price: RM 7mil
Common facilities
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Cafes

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Parking

Estimated mortgage
Mortgage breakdown
Est. monthly repayment
RM 0 / mo
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0%
RM 0 Principal
RM 0 Interest
Upfront costs
Total downpayment
RM 0
0%
0%
Downpayment
RM 0 Loan amount at 0% Loan-to-value

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Rangoon Residence

Project Image

Ragoon Residence is a leasehold hotel resort that is located at Jalan Rangoon, Georgetown, Penang. Ragoon Residence is a duplex boutique residence that accommodates 4, 3, and 2 persons in each of the 7 rooms. With the location within the famous area of tourism, Rangoon Residence is well located for its purpose to cater to housing for tourists and holiday makers alike who want to get away from the hustle and bustle of the city, and have a change of atmosphere. Rangoon Residence is located along Rangoon Road in the heart of Georgetown, right in between Jalan Anson, Burma Road and Macalister Street. Macalister Street can be used to reach Highway 3113 which is the Tun Dr Lim Chong EuExpressway which connects the city of George Town to Batu Maung, stretching along the eastern coast of Penang Island, reaching neighbouring townships like Pengkalan Weld, Fortune Park, Jelutong, Gelugor and the Penang Bridge, Sungai Nibong, Bayan Baru, Bayan Lepas, the Penang 2nd Bridge and finally Batu Maung. The two Penang bridges allow travelers to connect between Penang Island and the mainland of West Malaysia. Public transportation with busses and taxis are readily available near Ragoon Residence. Georgetown has many amenities, as Penang island is a shopping paradise. Nearby malls are Komtar which is just down the street, Penang Plaza, Penang Times Square, and M Mall. Other useful amenities such as eateries like New World Park, cafés, banks, Post Office, clinics, hospitals and more are located nearby. Being a trendy and cozy 3 star hotel, Ragoon Residence is suitably themed with a mix of colonial and modern feel. Rangoon Residence has a restaurant serving continental or Asian breakfast. Guests have access to free private parking, a shared lounge, and a garden and terrace. A 24 hour front desk with a concierge service is available. The residents can play pool. For children, there is a kid’s club. There is a shared kitchen and free WiFi. Three of the rooms come attached with a lawn garden balcony. There isn’t much information we can find in regards of the launching of Rangoon Residences. Georgetown is well known for having a mix of the old and the new, a blending of properties restored from the early colonial days, while some are torn down and rebuilt from scratch with new infrastructure and facilities. For residential properties,there are the affordable projects such as Quinton Condominium, Higher end residential projects include The Shorefront, Gurney Paragon, 8 Gurney (The Shore), Setia V Residences, Birch Regency - Times Square and Tropicana 218 Macalister. High end Service residences, which are also commercial title, can be used for commercial offices, residences with commercial intent, and hotels, such as The Wave @ Penang Times Square, and Moulmein Rise. Commercial spaces nearby can be considered, such as the SOHO type One One Eight Tanjung Tokong, and The Central, plus offices like Menara Penang Garden, and Menara Boustead. Shop / Offices like New Bob Centre, and Springtide Homes can also be considered.

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FAQs
Selling price for Rangoon Residence is from RM 7,000,000 / RM 1,400,000.00 psf.
Current PSF at Rangoon Residence is about RM 1,400,000.00 psf.
Rangoon Residence is located at Jalan Rangoon, George Town, Penang George Town Penang.
The estimated loan repayment is RM 30,077 / mo.
Floor size of this unit at Rangoon Residence is 5 sqft.