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Puncak Erskine, located in Tanjung Tokong, Penang, is a freehold apartment with affordably-priced units. The apartment (occasionally called Prime View), has 1,075 units spread over two 19-storey blocks, making it a property with a high density.
As is common with other low-medium cost properties, Puncak Erskine’s residential units (some of which face the Mount Erskine Chinese Cemetery) all come in a standard size averaging 700 sf, with 3 bedrooms and 2 bathrooms. Other than parking lots and round-the-clock security, the apartment does not have other facilities, making this property unsuitable for those looking for at least a swimming pool or gym.
Otherwise, Puncak Erskine is located conveniently close to the commercial centre of Tanjung Tokong, where many shops and eateries can be found. The main roads of the neighbourhood, Jalan Tanjung Tokong and Jalan Fettes, are a 15-minute and 7-minute walk away respectively. Buses 101, 102, 103 and 104 pass by these roads, giving residents of the apartment good access to public transportation.
Therefore, for prospective buyers who would like to stay near Georgetown, be it due to work or study — and do not mind the high density or lack of facilities of the apartment as long as it is near to urban amenities — Puncak Erskine is an affordable option.
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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 (%) |
---|---|---|---|---|---|
Puncak Erskine | 0 |
RM125,000
-
RM568,000
RM 192 psf - RM 405 psf |
RM450 - RM450 | NIL | 2.15 % |
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 % |
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 Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
Fettes Park | 2011 |
RM690,000
-
RM4,300,000
RM 627 psf - RM 833 psf |
NIL | NIL | NIL |
Alila Horizon | Apr 2008 |
RM780,000
-
RM1,950,000
RM 478 psf - RM 663 psf |
RM1,800 - RM1,800 | NIL | 3.26 % |
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 791 psf |
500 - 1,000 SQ. FT | RM 649 psf | RM 450,000 psf | RM 342 psf |
1,000 - 1,500 SQ. FT | RM 508 psf | RM 670,219 psf | - |
1,500 - 2,500 SQ. FT | RM 585 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 1,645,000 psf | - |
4,000 SQ. FT and above | - | RM 1,645,000 psf | - |
Note:
Down Payment (10%) | RM 9,720 |
Loan Amount ( 90 %) | RM 87,480 |
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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