Taman Lip Sin is a neighbourhood of several apartment residences as well as landed homes located in Sungai Nibong, Penang. The neighbourhood appears to have been around for a number of years, with many older apartment buildings within showing signs of wear.
Landed homes at Taman Lip Sin comprise of single-storey and double-storey terraces, which appear to be mostly occupied. Hence, many of the homes have been well-maintained, as opposed to the apartments. Apartments on the other hand, are largely comprised of low-rise complexes, with the tallest being only 6 storeys in height. These residences mainly cater to the lower income segment of the population. Apartment units are estimated to have built-up sizes of between 550 sf to 700 sf.
Amenities within Taman Lip Sin are mostly from the rows of shop lots located on the ground floors of a few apartments. These shops house businesses such as sundry shops, eateries, laundromats and even clinics, which are the most basic conveniences residents may require. Other amenities will take a few minutes’ drive to the town of Bayan Baru, where commercial hubs such as Pan Palace Plaza, Krystal Point and even Queensbay Mall can offer restaurants, banks, supermarkets, department stores, and more. Schools in the area include SRJK (C) Shih Chung, SK Bayan Baru, and SMJK Phor Tay among others.
Taman Lip Sin is located a short distance from Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway. Hence, the first Penang bridge is a little over 5 minutes’ drive away, as with the town of Gelugor. Heading south, towns such as Bayan Lepas, Batu Maung, as well as the second Penang bridge are only about 15 minutes away.
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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 (%) |
|---|---|---|---|---|---|
| Taman Lip Sin | 0 |
RM220,000
-
RM1,100,000
RM 343 psf - RM 850 psf |
RM600 - RM600 | NIL | 1.45 % |
| The CEO | 2012 |
RM280,000
-
RM500,000
RM 608 psf - RM 926 psf |
RM1,550 - RM1,550 | NIL | 4.77 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
| Ixora Heights | 2010 |
RM468,000
-
RM575,000
RM 482 psf - RM 616 psf |
RM1,000 - RM1,000 | NIL | 2.76 % |
| Asia Hills | 2010 |
RM2,390,000
-
RM2,500,000
RM 612 psf - RM 756 psf |
RM5,500 - RM5,500 | NIL | 2.45 % |
| Krystal Garden | 2010 | RM950,000 - RM1,250,000 | RM2,000 - RM4,000 | NIL | 3.27 % |
| i-Avenue | 2008 | RM150,000 - RM558,000 | RM900 - RM4,200 | NIL | 8.64 % |
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 790 psf |
| 500 - 1,000 SQ. FT | - | - | RM 867 psf |
| 1,000 - 1,500 SQ. FT | - | RM 186,584 psf | RM 822 psf |
| 1,500 - 2,500 SQ. FT | - | RM 409,000 psf | RM 449 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,691,000 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 24,500 |
| Loan Amount ( 90 %) | RM 220,500 |
| 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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