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Taman Festival is an apartment residence located in Pulau Tikus, Penang. Completed in 1988, the lone building is 12 storeys in height, which would have been considered quite tall compared to others built in the area around the same time.
The 40 homes of Taman Festival have built-up sizes of approximately 1,700 sf, which is relatively spacious. The residence provides a parking lot, as well as 24-hour security. Though facilities are limited, amenities are just a stone’s throw away.
Located along Jalan Kelawai, Taman Festival is just mere minutes from Gurney Paragon and Gurney Plaza, where restaurants, retail outlets, supermarkets and cinemas are within reach. More conveniences can be found along Jalan Burma, where commercial shop lots house banks, clinics, pharmacies, hawker centres, and more. There are also numerous schools in the Pulau Tikus neighbourhood, such as SMK Convent Pulau Tikus, SMK Westlands, St. Christopher’s International School, SK Jalan Residensi and more. Other than that, Island Hospital, the Gleneagles Penang Medical Centre, and the Loh Guan Lye Specialist Centre are also in the area.
Accessibility is a strong point for Taman Festival, with its location between Jalan Kelawai and Jalan Burma. The latter road connects to the Georgetown city centre, while the former can link to Gurney Drive. Jalan Macalister nearby also leads to the city, though it can also link straight to Weld Quay and the Tun Dr. Lim Chong Eu Expressway. Southwards along the route is the first Penang bridge and the industrial town of Bayan Lepas.
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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 Festival | 1988 |
RM1,280,000
-
RM1,350,000
RM 571 psf - RM 625 psf |
RM2,700 - RM2,700 | NIL | 2.49 % |
Y Cantonments | Mar 2017 | RM3,800,000 - RM5,504,875 | NIL | NIL | NIL |
Mansion One | 2015 |
RM600,000
-
RM1,300,000
RM 604 psf - RM 1,385 psf |
RM1,500 - RM1,500 | NIL | 3.65 % |
The Manor | Dec 2013 | From RM5,050,000 | RM6,000 - RM6,000 | NIL | NIL |
Gurney Paragon | Sept 2011 |
RM2,750,000
-
RM4,500,000
RM 878 psf - RM 1,214 psf |
RM5,500 - RM5,500 | NIL | 2.38 % |
H Residence | 2009 |
RM1,800,000
-
RM2,800,000
RM 360 psf - RM 560 psf |
RM7,000 - RM7,000 | NIL | 3.0 % |
11 Gurney Drive | 2007 |
RM3,200,000
-
RM4,000,000
RM 941 psf - RM 952 psf |
RM8,000 - RM8,000 | NIL | 2.54 % |
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 | RM 597 psf | - | RM 585 psf |
1,000 - 1,500 SQ. FT | RM 816 psf | - | - |
1,500 - 2,500 SQ. FT | RM 1,168 psf | RM 2,000,000 psf | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | RM 853 psf | - | RM 6,150,000 psf |
Note:
Down Payment (10%) | RM 120,000 |
Loan Amount ( 90 %) | RM 1,080,000 |
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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