Taman Kheng Tian in Jelutong, Penang, is a freehold residential and commercial development comprising of apartment residences and retail shop lots. The property is made up of 2 blocks of complexes, 20 storeys each with the shop lots being on the ground floor. Developed by the renowned Belleview Group, the condominium has 16 units of apartment homes per floor so it is rather high in density. The condominium was completed in 2007 and its overall value has appreciated quite a bit.
Each Taman Kheng Tian apartment unit is approximately 700 sf to 725 sf in size and there are only two types to choose from, which are intermediate units or the slightly larger corner units. Every unit has the common 3 bedrooms and 1 bathroom. One thing to note is that the ceiling of the homes are a little low when compared to other apartments in the same price bracket.
Facilities are satisfactory with a BBQ pit, jogging track, children’s playground, landscaped garden, gymnasium and community hall available for residents to fully utilise. The property is also guarded with 24-hour security, while a car park is allocated for residents to use.
As for accessibility, the location of Taman Kheng Tian is just a few minutes’ drive from Georgetown and the first Penang bridge, making it quite well located. It is accessible through Jalan Masjid Negeri and also Jalan Perak. The nearest highway is the Tun Dr. Lim Chong Eu Highway. Various amenities like banks, clinics, convenience shops as well as the Jelutong Sunshine hypermarket and Great Mark mini market, are close to the property too. Prangin Mall, 1st Avenue Mall, and also Sunshine City mall are all within driving distance.
With its ideal location in town, those seeking educational institutions would be pleased to know that there are quite a number of schools located around the property. These are namely SMK Jelutong, Chung Ling High School, Penang Japanese School and Han Chiang Private High School.
Due to its centrally located position, nearby amenities and facilities, appreciation of value is steady for Taman Kheng Tian. Thus, making it a potentially good investment. For those thinking to stay there, traffic congestion may pose a problem as is common with neighbourhoods close to the city.
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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 Kheng Tian | Aug 2007 |
RM335,000
-
RM450,000
RM 478 psf - RM 642 psf |
RM800 - RM800 | NIL | 3.21 % |
| Setia Sky Ville | Apr 2021 |
RM730,000
-
RM850,000
RM 686 psf - RM 733 psf |
RM1,700 - RM1,700 | NIL | 2.96 % |
| Grace Residence | 2019 |
RM600,000
-
RM1,450,000
RM 504 psf - RM 878 psf |
RM1,800 - RM1,800 | NIL | 2.51 % |
| Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
| The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
| 86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
| Central Park | Mar 2011 |
RM1,250,000
-
RM3,000,000
RM 496 psf - RM 692 psf |
RM2,800 - RM2,800 | NIL | 1.92 % |
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 1,306 psf |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 32,000 |
| Loan Amount ( 90 %) | RM 288,000 |
| 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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