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Taman Melati Jaya is a housing estate located on the historic and beautiful island of Penang. Comprising of single storey terraces, double storey terraces and double storey shophouses, this neighbourhood sits along the main trunk road of Jalan Tun Dr Awang. Other landmarks is the Penang Golf Club located just opposite this neighbourhood. Families with school-going children will like this location, as there is a primary school within the neighbourhood.
Unfortunately, due to their rather central location, houses in this neighbourhood that face the main road will suffer noise and air pollution. Peak hours also present a problem when there is massive traffic congestion, a common phenomenon here especially when there are events being held at the Penang International Sports Area (PISA).
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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 Melati Jaya | 0 |
RM400,000
-
RM785,000
RM 387 psf - RM 654 psf |
NIL | NIL | NIL |
Sierra East | July 2017 |
RM500,000
-
RM980,000
RM 390 psf - RM 593 psf |
RM1,000 - RM1,000 | NIL | 3.24 % |
Olive Tree Residences | Dec 2015 |
RM730,000
-
RM1,200,000
RM 426 psf - RM 645 psf |
RM2,200 - RM2,200 | NIL | 3.09 % |
Jambul Heights | Oct 2015 |
RM500,000
-
RM988,000
RM 349 psf - RM 495 psf |
RM2,800 - RM2,800 | NIL | 4.52 % |
The Address | 2015 |
RM865,000
-
RM1,700,000
RM 572 psf - RM 1,013 psf |
RM2,200 - RM2,200 | NIL | 2.55 % |
Promenade Residence | 2015 |
RM390,000
-
RM980,000
RM 400 psf - RM 612 psf |
RM1,300 - RM1,300 | NIL | 2.88 % |
Arena Residence | 2015 |
RM550,000
-
RM899,000
RM 440 psf - RM 620 psf |
RM1,300 - RM1,300 | NIL | 3.15 % |
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 852 psf |
500 - 1,000 SQ. FT | RM 610 psf | RM 485,000 psf | RM 441 psf |
1,000 - 1,500 SQ. FT | RM 447 psf | RM 472,500 psf | RM 625 psf |
1,500 - 2,500 SQ. FT | RM 452 psf | - | RM 400,413 psf |
2,500 - 4,000 SQ. FT | RM 351 psf | - | - |
4,000 SQ. FT and above | - | RM 1,141,000 psf | - |
Note:
Down Payment (10%) | RM 28,000 |
Loan Amount ( 90 %) | RM 252,000 |
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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