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Excel Court is an 29-year old apartment as of year 2016, developed by Tamarins Group. The residential complex was built on a freehold land and is situated in Jalan Tanjung Tokong, Penang.
The location of Excel Court is said to be ideal thanks to its proximity to amenities such as banks, restaurants, medical centres and convenience stores. There are also a number of schools that are only a stone’s throw away from the property. Besides that, Gurney Drive and Georgetown are also just minutes away from Excel Court. Residents can literally walk to Penang Plaza from their home, while Island Plaza is only a 10-minute drive from the residence.
The vintage looking Excel Court, is a single block, 4-storey walk-up apartment. Standard units have a built-up area of 850 sf, with three bedrooms and two bathrooms per unit. Units available are pre-owned, which is why the units for sale are either fully-furnished or partially furnished. There are a number of units that have already been installed with air-conditioners and wardrobes. That being said, kitchen cabinets are also a standard in all units that are for sale.
When it comes to facilities, Excel Court's management provides the residents with a covered parking area and security. Even though there is not much to be offered, residents of Excel Court can surely appreciate the privacy and quietness of the place, due to the low density of the property.
The only downfall to this property is that it is located exactly where traffic can be heavy during peak hours, which is a hassle, as Jalan Tanjung Tokong is a heavily used road by Penangites. The Tanjung Bungah Rapid Penang bus hub is also located approximately 3km away or you can hail a taxi on the main road just outside of the apartment.
Although the building looks rather old and in need of some refurbishment and may not be your dream home, it can still be a great form of investment.
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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 (%) |
---|---|---|---|---|---|
Excel Court | 1987 | From RM590,000 | RM1,300 - RM1,300 | 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 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 59,000 |
Loan Amount ( 90 %) | RM 531,000 |
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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