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TK Residence is a development of landed properties in the southern seaside town of Teluk Kumbar, Penang. 30 units of double-storey terrace homes within the neighbourhood were completed in mid of 2012 on freehold land surrounded by lush green hills.
TK Residence homes are available in spacious sizes of between 1,780 sf to 1,953 sf with 1 layout choice of 4 bedrooms and 3 bathrooms. Each unit also comes with a large balcony, and wide sliding doors to enable better air ventilation. The area should be quite breezy given the surrounding greenery and lack of high rise buildings around the vicinity of the property. The units also feature practical, broad opening gates so that 2 cars may be parked in the porch.
Terrace units at TK Residence are not designed to be extremely luxurious as they offer satisfyingly large landed properties at prices which are still affordable to those within the middle-range income group. However, amenities and facilities within the neighbourhood lack even the common children’s playground. To add, the area is also not gated and guarded. Despite so, its affordability and location as well as access to amenities outside of the neighbourhood may make up for these weaknesses.
Just down the street of TK Residences are conveniences such as eateries and sundry shops while retail outlets like D’Piazza, Sunshine Square, and the Giant Hypermarket Bayan Baru are just a short distance away. Residents can also head over to Queensbay Mall on the weekends, which is only a quick 20 minutes’ drive away. As for educational institutions, TK Residence is nearby to schools such as the Sungai Ara Primary School, Chong Cheng Primary School, Seri Relau National School, Min Sin Primary School, and Fairview International School.
The region of Teluk Kumbar in which TK Residence sits is also highly accessible to and from the Penang International Airport, the industrial areas of Bayan Lepas and the second Penang bridge. The main road which connects TK Residence to other towns within its proximity is Jalan Teluk Kumbar, which can also lead to Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway.
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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 (%) |
---|---|---|---|---|---|
TK Residence | June 2012 |
RM800,000
-
RM918,000
RM 421 psf - RM 510 psf |
From RM900 | NIL | NIL |
Cascara 88 | 2013 |
RM580,000
-
RM680,000
RM 374 psf - RM 419 psf |
From RM1,000 | NIL | NIL |
Verona Thirty-Two | 2012 |
RM800,000
-
RM1,050,000
RM 307 psf - RM 525 psf |
NIL | NIL | NIL |
Taman Kumbar Permai | 2001 |
RM299,000
-
RM350,000
RM 276 psf - RM 324 psf |
RM1,000 - RM1,000 | NIL | 3.38 % |
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 63,000 |
Loan Amount ( 90 %) | RM 567,000 |
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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