Fettes Park is a residential neighbourhood situated in Tanjung Tokong, Penang. The neighbourhood has been around since the construction of the Guillemard Reservoir on a hill just behind the neighbourhood in 1929. The housing estate was aptly named after J.D Fettes, who was the municipal engineer of Georgetown in charge of the project.
In the past, Fettes Park was generally a neighbourhood of working class residents. However, as residents began stabilising financially, the area has become increasingly gentrified over these 20 years with many of the old homes getting face-lifts. Recently in the year 2011, a high-rise condominium residence, Fettes Residences, was also developed in the area.
Housing in Fettes Park include 3 types of semi-detached homes, namely Type A, which is 3,500 sf in built-up size, Type B, at 3,380 sf and Type C at 4,600 sf. The 35-storey Fettes Residence condominium on the other hand, has standard suites sized a minimum 2,000 sf and penthouse units at 4,000 sf.
Surrounded by matured commercial hubs and numerous new residential developments, Fettes Park is close to various amenities like banks, convenience stores, petrol stations and eateries. Within the vicinities of Fettes Park is also TESCO Seri Tanjung Pinang and Straits Quay Marina Mall. Gurney Plaza and Gurney Paragon shopping malls in Gurney Drive are also just a short 10 minutes drive away.
Fettes Park is also conveniently close to Georgetown, Tanjung Bungah, and Batu Ferringhi via several main roads in the area, including Jalan Tanjung Tokong, Jalan Mount Erskine and Jalan Seri Pinang, which connects to Jalan Burmah and Jalan Kelawai. However, these roads are frequently travelled and may therefore, be congested during peak hours, weekends and public holidays.
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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 (%) |
|---|---|---|---|---|---|
| Fettes Park | 2011 |
RM690,000
-
RM4,300,000
RM 627 psf - RM 833 psf |
NIL | NIL | NIL |
| The Latitude | May 2015 |
RM700,000
-
RM1,200,000
RM 465 psf - RM 750 psf |
RM1,700 - RM1,700 | NIL | 3.01 % |
| Taman Bukit Erskine | 2014 |
RM215,000
-
RM310,000
RM 328 psf - RM 476 psf |
RM650 - RM650 | NIL | 3.77 % |
| One One Eight | 2012 |
RM465,000
-
RM850,000
RM 731 psf - RM 958 psf |
RM1,800 - RM1,800 | NIL | 4.2 % |
| Fettes Residences | June 2011 |
RM1,050,000
-
RM2,000,000
RM 433 psf - RM 1,000 psf |
RM2,500 - RM2,500 | NIL | 3.19 % |
| The Brezza | 2011 |
RM600,000
-
RM1,250,000
RM 480 psf - RM 912 psf |
RM1,500 - RM1,500 | NIL | 3.08 % |
| The Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
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 645 psf |
| 500 - 1,000 SQ. FT | RM 649 psf | - | RM 348 psf |
| 1,000 - 1,500 SQ. FT | RM 508 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 585 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,600,000 psf | - |
| 4,000 SQ. FT and above | - | RM 1,643,333 psf | - |
Note:
| Down Payment (10%) | RM 83,680 |
| Loan Amount ( 90 %) | RM 753,120 |
| 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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