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2,000 2,000,000
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Hong Seng Estate

Jalan Mount Erskine, 10470 Tanjung Tokong, Penang
Terrace
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Details:

Chinese ad 4621 326x150 01

Property Details

Built Up
From 800 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
NIL
Total Storeys
1
Total Units
NIL
Parking
Min. 1

Description

Hong Seng Estate in Tanjung Tokong, Penang, is a neighbourhood of single-storey terrace homes huddled close together along winding lanes on a hilly terrain. The neighbourhood emerged as there was a need to accommodate those working in the area, providing affordable homes catering to lower incomes.

Terrace homes within Hong Seng Estate are on average, 800 sf in built-up area with 2 bedrooms and 2 bathrooms. Given the scarce land allocated to building each unit, the porch of the homes are only large enough to park 1 car.

Hong Seng Estate, despite its location within a hilly terrain, enjoys convenience of access to amenities nearby. These include, schools such as the Penang Chinese Girls High School and SMK Tanjung Bungah, petrol stations, and the Penang Adventist Hospital. The Fettes Park market is also nearby for grocery shopping needs while larger shopping complexes such as Gurney Plaza and Gurney Paragon are about a 15 minutes’ drive away.

To get to Hong Seng Estate, there is only 1 road that leads into the neighbourhood from Jalan Mount Erskine. Hence, Jalan Mount Erskine is the main road that connects Hong Seng Estate to other parts of Penang. Other roads around the area include Jalan Burma, Jalan Kelawai, and Jalan Bagan Jermal.

NIL
Security
Yes
Pet Friendly
No
Eco Friendly (None)
Tanjung Tokong
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Nearby Amenities:

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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 (%)
Hong Seng Estate 0 NIL NIL NIL NIL
The Latitude May 2015 RM700,000 - RM1,200,000
RM 465 psf - RM 750 psf
RM1,700 - RM1,700 NIL 3.01 %
Taman Bukit Erskine 2014 RM215,000 - RM310,000
RM 328 psf - RM 476 psf
RM650 - RM650 NIL 3.77 %
One One Eight 2012 RM465,000 - RM850,000
RM 731 psf - RM 958 psf
RM1,800 - RM1,800 NIL 4.2 %
The Peak Residences 2011 RM298,000 - RM1,900,000
RM 389 psf - RM 718 psf
RM1,200 - RM1,200 NIL 1.86 %
Alila Horizon Apr 2008 RM780,000 - RM1,950,000
RM 478 psf - RM 663 psf
RM1,800 - RM1,800 NIL 3.26 %
Taman Evergreen 2008 RM360,000 - RM899,000
RM 514 psf - RM 600 psf
RM950 - RM950 NIL 1.66 %

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 - - RM 500 psf
500 - 1,000 SQ. FT RM 542 psf - RM 387 psf
1,000 - 1,500 SQ. FT RM 492 psf - -
1,500 - 2,500 SQ. FT RM 460 psf - -
2,500 - 4,000 SQ. FT - - -
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 569 psf
Non Landed Properties
RM 707 psf
Landed Properties
RM 555 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 50,000
Loan Amount ( 90 %) RM 450,000
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM N / A psf (800 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.

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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