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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.
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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 | - | - | - |
Note:
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 |
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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