Eco Terraces

Jalan Paya Terubong, Paya Terubong, 11060 Paya Terubong, Penang
Condominium
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Details:

Developer

Developer of Eco Terraces, Eco World Development Group Berhad
Eco World Development Group Berhad
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Chinese ad 4621 326x150 01

Facilities

Gazebo
Putting green
Picnic lawn
Terracing green
Sensory garden
Playground
Barbecue deck
Social deck
Mini theatre
Karaoke lounge
Multi-purpose function hall
Gourmet kitchen
Table tennis
Golf stimulation room
Multi-purpose sport hall
Eco pond
Spice & herbs garden
Meditation deck
Terracing boardwalk
Sun deck
Swimming pool
Jacuzzi
Aqua gym
Floating bed
Kid's pool / Wading pool
Gymnasium

Property Details

2019
(Year of Completion)
This project was completed 2 years ago
From RM 900,000
RM0.35psf
Built Up
1,139 SQ. FT - 2,095 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
NIL
Total Storeys
33
Total Units
333
Parking
Min. 2

Property Review Video Contributed by iherng

Disclaimer: The views and opinions expressed in the video above are those of the author and do not necessarily reflect the official policy or position of PropSocial. The primary purpose of this video is to share personal views and knowledge, it does not constitute professional advice of any sort.

Description

Eco Terraces is an all new condominium located in Paya Terubong, Penang. This project is its developer’s maiden project in the Northern region, and is believed to set new standards in high-rise living in that area. Eco Terraces is one of the few developments that dedicates more land to landscaping than built-up elements, pictured as a serene sanctuary away from the city’s bustle.

Eco Terraces is a 12.79-acre freehold project featuring 333 units in a 33-storey tall residential block. The units here have a built-up area ranging from 1,139 sf to 2,095 sf. They come in 3-bedroom and 2-bathroom units and 4-bedroom and 3-bathroom units. The selling price of these homes at the time of its launch started from RM900,000. Each unit will come with 2 side-by-side parking spots.

Only 30% of the overall 12.79-acre plot of land will be developed. The development will comprise of the residential block itself, access roads, a lifestyle centre and other infrastructures. The remaining land will be set aside for green landscapes and natural features. Part of the developer’s plan is also to upgrade part of Jalan Paya Terubong leading into the development, giving it a facelift and improving its condition.

However, some of the other sections of the main road still remain one-lane wide each way, potentially slowing down traffic flow. But this could be alleviated in the coming years as the Penang State Government plans to build a new paired road between Farlim and Bukit Jambul. On the other hand, public transportation is available via RapidPenang buses via routes 201, 202, 203, 301 and 306.

The facilities provided at Eco Terraces include gazebo, picnic lawn, sensory garden, playground, swimming pool, barbecue deck, karaoke lounge, multi-purpose function hall and golf simulation home, just to name a few. The maintenance fee is estimated at RM0.35 psf for all these facilities.

Amenity wise, there are old-school coffee shops, hawker stalls, food courts, convenience shops, medicine halls and more. Econsave Supermarket nearby Farlim is the closest shopping option, while further in is a commercial hub that houses Sunshine Farlim - a hypermarket brand specially catered to Penangites.

The homes of Eco Terraces feature practical layouts that maximizes space usage, making it convenient for residents to mix and match furnitures to their preferences. Besides that, the developer also provides buyers with the option of having their units either fully fitted with lights, water heater and the like or fully fitted and fully furnished upon completion. While these options come with a price, it eliminates the hassle of having major renovations done prior to moving in.

Gated & Guarded
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants
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Floor Plans:

Bedrooms 3
Bathrooms 2
Category Condominium
Built Up 1139 SQ. FT

Plan a site visit, or request for more information on this floor plan now!

Nearby Amenities:

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Did you know?

Check out the value of surrounding upcoming properties to make the best buying decision.

Property Name Year of Completion Launch Price Ad Selling Price
Eco Terraces 2019 From RM 900,000 RM 850,000 - RM 880,000
RM 622 psf - RM 803 psf
The Stone 2022 From RM 298,000 RM 358,000 - RM 408,000
RM 358 psf - RM 408 psf

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 (%)
Eco Terraces 2019 RM 850,000 - RM 880,000
RM 622 psf - RM 803 psf
NIL NIL NIL
Majestic Heights 2015 RM 115,000 - RM 195,000
RM 164 psf - RM 278 psf
RM 450 - RM 450 NIL 4.1 %
Taman Seri Rambai 2013 RM 915,259 - RM 915,259
RM 280 psf - RM 280 psf
NIL NIL NIL
Rambai Terrace 2012 From RM 1,350,000 From RM 1,800 NIL NIL
Bukit Awana Condominium 1996 RM 275,000 - RM 290,000
RM 316 psf - RM 392 psf
RM 700 - RM 700 NIL 2.6 %

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 - - -
1,500 - 2,500 SQ. FT - - -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 137 psf
Non Landed Properties
RM 669 psf
Landed Properties
RM 190 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 90,000
Loan Amount ( 90 %) RM 810,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
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Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 398 ±
RM 0.35 psf (1,139 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

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.

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