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Taman Teratai is a neighbourhood located off Jalan Ong Yi How in Butterworth. It is a very short distance away from the main road of Jalan Raja Uda, contributing to the value and prices of the properties in the neighbourhood. Other nearby neighbourhoods include Taman Segemal, Taman Sena, Taman Teratai Indah and Taman Pandan.
Properties in Taman Teratai include 2-storey link houses, some with wide porches and extensive balconies, 2-storey detached houses and 3-storey shop offices. Many of these properties, even the link houses, come with 4 bedrooms, making them suitable for families, buyers who want the flexibility of having more rooms, or investors who want to rent the rooms out.
Furthermore, Taman Perindustrian Teras Jaya is just across the road from Taman Teratai, giving residents walking access to restaurants, cafes, several banks (including Hong Leong Bank, RHB Bank, CIMB Bank and Maybank), furniture stores, pet shops, beauty salons, optical shops, convenience stores, mini marts, and even a supermarket, Econsave Raja Uda. The nearest school is SMJK Chung Ling Butterworth, about 10 minutes on foot and 2 minutes by car.
Buses pass by along Jalan Ong Yi How, in front of Taman Teratai – in particular, Rapid Penang bus 604, which goes between the Penang Sentral train, bus and ferry terminal in Butterworth, and Sungai Dua in Seberang Perai. By car and with non-congested traffic, one can get to Penang Sentral from the neighbourhood within about 15 to 20 minutes.
From Penang Sentral, ferries depart to the Penang Island, stopping in Georgetown, the state capital. There is yet another way to get to the island – via the Penang Bridge, which is about 16 to 17km away from Taman Teratai.
To drive to the Penang Bridge, residents can either take the older trunk road, Jalan Bagan Ajam, or the Butterworth Outer Ring Road (BORR). The latter is closer to the neighbourhood, about 2 minutes away, while the former route is not much further either, just under 5 minutes.
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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 Teratai | 0 | From RM570,000 | From RM1,000 | NIL | NIL |
Orange 3 | 2016 |
RM435,000
-
RM485,000
RM 326 psf - RM 363 psf |
RM1,200 - RM1,200 | NIL | 3.72 % |
Mandarin Quarter | Mar 2012 | From RM680,000 | NIL | 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 | - | - | - |
2,500 - 4,000 SQ. FT | - | RM 495,000 psf | - |
4,000 SQ. FT and above | - | RM 1,800,000 psf | - |
Note:
Down Payment (10%) | RM 57,000 |
Loan Amount ( 90 %) | RM 513,000 |
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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