Menara Kuda Lari is a 5-block, 13-storey apartment set in the cul-de-sac of Jalan Lahat in Georgetown. The freehold apartment’s 209 residential units come in built-up sizes of about 820 sf to 900 sf, with 3 bedrooms and 2 bathrooms each.
While Menara Kuda Lari is not new, having been completed in 1999, it has been maintained relatively well over the years. The apartment is security guarded around the clock and comes with basic facilities like a swimming pool, barbecue pit, playground, function hall and car park lots.
While its immediate surroundings are relatively quiet, Menara Kuda Lari enjoys good connectivity to other parts of Penang. Also nearby is the Penang Turf Club or Padang Lumba Kuda dan Golf, with a 9-hole golf course and horse racing course, inspiring the name of the apartment.
Menara Kuda Lari is just 10 minutes away from the heart of Georgetown and the Magazine Circus – the Picadilly Circus of Penang near the Komtar building where six roads meet, making it a suitable living place for people working in the Georgetown area.
Naturally, urban amenities are easy to reach from Menara Kuda Lari as well, ranging from shopping complexes, restaurants and cafes to banks, medical facilities and supermarkets. Nearby schools within a 2km radius include SMJK Union, SMK (L) Methodist, SMK (P) St. George, SMK (Agama) Al-Mashoor, SJK (T) Ramakrishna and Penang Free School.
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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 (%) |
|---|---|---|---|---|---|
| Menara Kuda Lari | 1999 |
RM365,000
-
RM420,000
RM 435 psf - RM 518 psf |
RM800 - RM800 | NIL | 2.94 % |
| Brook Residences | 2015 |
RM20,000,000
-
RM20,000,000
RM 4,000 psf - RM 4,000 psf |
NIL | NIL | NIL |
| Preston Oaks | 2013 | From RM6,250,000 | NIL | NIL | NIL |
| Desa Gemilang | 2006 |
RM628,000
-
RM628,000
RM 570 psf - RM 570 psf |
NIL | NIL | NIL |
| Indah Kota | 2005 |
RM430,000
-
RM535,000
RM 554 psf - RM 625 psf |
RM850 - RM900 | NIL | 1.93 % |
| Scotland Villas | 2004 |
RM1,200,000
-
RM4,500,000
RM 566 psf - RM 825 psf |
RM7,500 - RM7,500 | NIL | 3.24 % |
| Taman Sri Indah | 2002 |
RM385,000
-
RM390,000
RM 513 psf - RM 557 psf |
RM650 - RM700 | NIL | 1.84 % |
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 | - | - | RM 3,150,000 psf |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 38,000 |
| Loan Amount ( 90 %) | RM 342,000 |
| 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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