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Telok Air Tawar is an integrated development located in the Penang mainland town of Butterworth. Though much of the residential and commercial developments within appear to be recent, the older wooden structure and “atap” roof homes are a telling sign of its past and age.
In stark contrast to the aged wooden homes, Telok Air Tawar has seen a transformation, with the establishment of a gated and guarded neighbourhood of 3-storey terrace homes. Commercial developments have also mushroomed within the township, with offerings of 2-storey and triple-storey shop offices. All properties within are freehold tenure.
Amenities are conveniently available within Telok Air Tawar, with one of the commercial developments housing both an Ika and Eco store selling various daily home needs. Apart from that, schools are also aplenty nearby, with SMK Telok Air Tawar, SK Telok Ayer Tawar, SK Taman Shenanigan and SRJK (C) Aik Keow Telok Air Tawar among others, all about 5 minutes’ drive away.
Telok Air Tawar is within proximity to Jalan Teluk Air Tawar, which is the main road running through the town. As such, Telok Air Tawar is accessible to the Butterworth Outer Ring Road (BORR), which leads to the town centre of Butterworth about 15 minutes away. Other than that, Seberang Perai is also about an additional 5 minutes from there, where access to the first Penang bridge and also the North-South Expressway (NSE) is also possible.
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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 (%) |
---|---|---|---|---|---|
Telok Air Tawar | 0 |
RM180,000
-
RM628,000
RM 250 psf - RM 576 psf |
RM1,400 - RM1,400 | NIL | 4.16 % |
Seri Molek Flat | 2006 |
RM285,000
-
RM390,000
RM 214 psf - RM 229 psf |
From RM1,000 | 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 | - | - | - |
2,500 - 4,000 SQ. FT | - | RM 648,000 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 7,695 |
Loan Amount ( 90 %) | RM 69,255 |
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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