Tanjung Park is a two-block condominium located along the major road of Jalan Tanjung Tokong in the northeastern corner of the Penang Island. Easily recognisable due to its distinctive pitched roof design inspired by European architecture, the freehold property was completed more than a decade ago but still appears to be well maintained.
Tanjung Park is situated less than 7km from Komtar in Georgetown, making it a good location to stay in for those who work in the area, as well as in towns around Georgetown and Tanjung Tokong like Jelutong and Tanjung Bungah.
The condominium has a total of 285 units, consisting of typical units, executive units and penthouses, many of them sea-facing. Families will appreciate the spacious sizes of the units, as even the smallest typical units are about 950 sf, and go up to 3,900 sf. The executive units are slightly larger, ranging from 1,826 sf to 2,220 sf, while the duplex units and penthouses start from over 2,400 sf.
Prices of the residential units at Tanjung Park be it for purchase or rental are not low, (although still more affordable than the ultra-luxury properties in neighbourhoods like Seri Tanjung Pinang or Tanjung Bungah). However, that is to be expected as the luxurious property is set on prime area, close to commercial and retail developments. In fact, with the development of the surrounding areas, the property’s units will most certainly appreciate in value.
Just within walking distance of the condominium is the Island Plaza, Prima Tanjung and Precinct 10, where many eateries and shops can be found, while a little further away is the Straits Quay retail marina, Tesco Seri Tanjung Pinang, Gurney Drive and the bustling Pulau Tikus market.
Moreover, with its proximity to mature neighbourhoods like Pulau Tikus, Tanjung Bungah and Tanjung Tokong, there is no lack of schools, tertiary educational institutions and medical facilities within the vicinity of Tanjung Park.
In line with the condominium’s more upscale nature, it has quite a number of in-house facilities, such as a gym, swimming pool, children’s pool, playground, barbecue area, TV lounge, games room, sauna, laundromat and convenience store, making Tanjung Park an ideal place to stay for those who are looking for a blend of comfort and ease of access.
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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 (%) |
|---|---|---|---|---|---|
| Tanjung Park | 2004 |
RM401,533
-
RM1,600,000
RM 187 psf - RM 824 psf |
RM1,000 - RM1,000 | NIL | 3.09 % |
| 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 504 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 573 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 2,566,667 psf | - |
| 4,000 SQ. FT and above | - | RM 4,325,000 psf | - |
Note:
| Down Payment (10%) | RM 62,000 |
| Loan Amount ( 90 %) | RM 558,000 |
| 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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