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The Terrace, in Batu Maung, Penang is a 2-storey terrace link housing development by a local developer. The freehold residential project comprises of 77 sizeable terrace houses strategically located in Taman Ku, Batu Maung with relatively quick access to the Bayan Lepas Industrial area and the Penang International Airport.
The 2-storey units at The Terrace comes with 4 bedrooms and 3 bathrooms with a built-up area of 2,078 sf within the land area of 21 sf x 70 sf onwards. The indicative price of the units is from RM920,000 onwards.
Just a brief drive to the Penang Second Bridge, which was completed in 2013, The Terrace is also within close proximity to various primary and secondary schools, such as SK Batu Maung, SK Bayan Lepas 2 and SK Mutiara Perdana just to name a few. Healthcare services and local general stores are available nearby for greater convenience.
Although the units at The Terrace isn’t within a gated and guarded community, as recent residential projects commonly offer, it is noted that a main road separates the National Instrument Site to the housing area, creating a sense of concealment. The finishings of The Terrace are of relatively good standards, with elevated high ceilings for both floors and a spacious living hall.
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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 (%) |
---|---|---|---|---|---|
The Terrace | 2013 |
RM848,000
-
RM1,850,000
RM 346 psf - RM 578 psf |
NIL | NIL | NIL |
Residence @ Southbay | Aug 2011 |
RM1,000,000
-
RM1,980,000
RM 376 psf - RM 757 psf |
RM2,000 - RM2,000 | NIL | 2.05 % |
Sunway Mutiara | 2008 |
RM1,550,000
-
RM1,580,000
RM 526 psf - RM 537 psf |
From RM1,500 | NIL | NIL |
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 | - | RM 1,390,000 psf | - |
Note:
Down Payment (10%) | RM 92,000 |
Loan Amount ( 90 %) | RM 828,000 |
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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