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27 Green Terraces is as its name indicates, a residential development comprising of 27 terrace homes located in Gelugor, Penang. The few homes ensure that the neighbourhood is low-density, conveying the feeling of a tight-knit community. Completed in 2012, most of the homes have been taken up.
The freehold homes at 27 Green Terraces are spacious, with 3 storeys of living space. There are 2 variants, with Type A being 3,620 sf in total built-up space while Type B is larger at 4,550 sf. Both offer 4+1 bedrooms and 4+1 bathrooms with porches able to park 2 vehicles. The only facility available to residents of 27 Green Terraces is a children’s playground. The neighbourhood is not gated nor guarded, which may be an issue for most homebuyers these days, given the need for security.
The 27 Green Terraces units were launched at prices of RM1,698,000 and above, which for that price, buyers could be able to find other landed residential developments which are gated and guarded. However, this minor shortcoming has not affected its value, with subsale prices of units for sale beginning from RM2,388,000.
The 27 Green Terraces enjoys ease of access to a range of amenities nearby, given its strategic location within the town of Gelugor. There are a number of commercial hubs within the vicinity of the neighbourhood, where banks, eateries, convenience stores, clinics, pharmacies, and much more can be found. The popular Batu Lanchang food court and market is also just a short drive away.
Apart from that, schools such as SMJK Chung Hwa Confucian, Convent Green Lane, SK Jalan Hamilton, SMK Jelutong, SRJK (C) Jelutong, SMK Hamid Khan, SK Bukit Gelugor and more are within short distance from the neighbourhood, giving residents a good choice of educational institutions for their children. Other than that, the Lam Wah Ee Hospital is also under 2 minutes’ drive away, while petrol stations are also abundant along Jalan Masjid Negeri where the development is located just along.
Accessibility is also a strong point of 27 Green Terraces, with Jalan Masjid Negeri linking to other major roads, such as Jalan Sultan Azlan Shah, and Jalan Tunku Kudin, which then connects to the Tun Dr. Lim Chong Eu Expressway. From Jalan Masjid Negeri, Lorong Batu Lanchang can also be accessed, while other major routes in the same area include the Thean Teik Highway, Jalan Air Itam, and Jalan Scotland. With that, the first Penang bridge is a little more than 5 minutes away while the Georgetown city centre is about 15 minutes up north.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
27 Green Terraces | 2012 | From RM2,388,000 | NIL | NIL | NIL |
Vertiq | 2015 |
RM769,000
-
RM1,800,000
RM 591 psf - RM 1,013 psf |
RM1,500 - RM1,500 | NIL | 3.04 % |
UDINI Square | 2014 | NIL | RM678 - RM17,130 | NIL | NIL |
Pearl Regency | 2013 |
RM780,000
-
RM1,300,000
RM 540 psf - RM 929 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
D'Mansion | 2013 | RM960,450 - RM1,032,000 | RM2,100 - RM2,100 | NIL | 3.32 % |
Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 3.77 % |
The Oasis | 2012 |
RM480,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.37 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | RM 570 psf | - | RM 682 psf |
1,500 - 2,500 SQ. FT | RM 586 psf | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 2,580,000 psf | - |
Note:
Down Payment (10%) | RM 169,800 |
Loan Amount ( 90 %) | RM 1,528,200 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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