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Taman Pelangi Flat in Juru, Penang, is several complexes of low-cost apartment units. The property which is located close to an industrial area is commonly catered to the workers of the many factories and enterprises there.
Each Taman Pelangi Flat complex is 5 storeys tall, housing units which are about 500 sf in size. Units for sale can still be bought at a minimum price of around RM27,000 and rented at approximately RM500 per month.
There are no additional facilities provided at the walk-up apartment blocks of Taman Pelangi Flat other than parking bays.
Given its location in an industrial area, there are several eateries and convenience stores which have been set up in the surrounding vicinity to cater to the needs of workers residing in the neighbourhood.
In terms of accessibility, Taman Pelangi Flat is conveniently situated just off the North-South Expressway (NSE) and is just 15 minutes from the first Penang bridge. While Butterworth is just a short 25-minute drive 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 Pelangi Flat | 0 | From RM27,000 | RM530 - RM530 | NIL | NIL |
Taman Juru Setia | 2014 |
RM185,000
-
RM185,000
RM 246 psf - RM 246 psf |
RM1,900 - RM1,900 | NIL | 12.32 % |
Icon City | 2014 | From RM2,880,000 | RM3,000 - RM3,000 | NIL | NIL |
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 | - | RM 604,714 psf | - |
2,500 - 4,000 SQ. FT | - | RM 746,000 psf | - |
4,000 SQ. FT and above | - | RM 1,128,400 psf | - |
Note:
Down Payment (10%) | RM 2,700 |
Loan Amount ( 90 %) | RM 24,300 |
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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