Taman Emas in Teluk Kumbar, Penang is a group of apartment complexes developed many years ago with units designed for those within the lower income segment of the community. The 5-storey apartment complexes are designed to be low-rise, walk-up complexes and hence, have no lift services provided.
The units housed in several blocks come with minimal facilities, such as an open car park and children’s playground in light of their prices, therefore only providing these basic amenities. There are also small shop lots on the ground floor of the complexes which has for many years, and continues to provide residents with the convenience of sundry shops, laundromats and so on.
Standard Taman Emas units are 600 sf in built-up size with layouts of 2 bedrooms and 1 bathroom. Most apartment units at Taman Emas for sale can be owned at market prices of RM70,000 while monthly rentals for furnished units are around RM400 while unfurnished units could be found at significantly cheaper rental rates. The property which is considered affordable given its location mainly appeals to those in the working classes.
Amenities in the area include a D’Piazza Mall, Sunshine Square, Giant hypermarket in Bayan Baru, while Queensbay Mall is also just a short distance away. Schools nearby the property are the Sungai Ara Primary School, Chong Cheng Primary School, Min Sin Primary School, Seri Relau National School as well as Fairview International School. The nearest hospital is Hospital Pantai Mutiara while the Penang International Sports Arena and Equatorial Hotel are also within minutes of the property.
Taman Emas is accessible from major roads and expressways such as Jalan Teluk Kumbar, Jalan Bayan Lepas, Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway. The property is very convenient for those who work in the industrial areas of Bayan Lepas or the mainland given its location. The presence of public transportation in the area also enable residents in the area to commute to and from work on a daily basis while staying connected to other parts of the island. Public transportation include bus and taxi services.
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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 Emas | 0 | From RM70,000 | RM500 - RM500 | NIL | NIL |
| Cascara 88 | 2013 |
RM580,000
-
RM680,000
RM 374 psf - RM 419 psf |
From RM1,000 | NIL | NIL |
| Sunway Aspera | June 2012 |
RM710,000
-
RM850,000
RM 342 psf - RM 425 psf |
RM1,150 - RM1,150 | NIL | 1.77 % |
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 | - | - | - |
| 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 7,000 |
| Loan Amount ( 90 %) | RM 63,000 |
| 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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