Taman Lita in Jelutong, Penang, is a freehold low-density apartment development that is placed along Jalan Osman Bin Kadir Lit. This 9-storey single block building has been around for a very long time and its age is apparent through its well worn facade.
Units are sized at 700 sf onwards, which is considered just ample for a small family of 3. Facilities are also sparse at Taman Lita where there is only an open car park within the compounds of the property.
The main advantage of Taman Lita would be its location surrounded by a myriad of amenities. Banks, clinics, hawker stalls, and markets are all within walking distance to it. Schools in the area include the Sum Sun Chinese Primary School, Beng Teik Chinese Primary School, Moh Ghee Chinese Primary School, the Penang Free School, Han Chiang Private High School & College, and many others.
The great reach of amenities that Taman Lita enjoys is attributed to its great location in the heart of Georgetown. Popular places like Penang Times Square, 1st Avenue Mall, Komtar, and Prangin Mall are all within minutes away. Since Taman Lita is part of Jalan Sungai Pinang, accessibility is convenient with direct access to the Tun Dr. Lim Chong Eu Highway.There are also various bus stops close to the residence for those who require public transport.
Though Taman Lita could really use a new coat of paint, it should not be a deterrent to those who seek a home close to the city or an investment. The property’s prime location and acceptable size makes it a great contender among other properties in the area.
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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 Lita | 0 |
RM260,000
-
RM260,000
RM 371 psf - RM 371 psf |
From RM700 | NIL | NIL |
| Aspen Residence | Mar 2016 |
RM680,000
-
RM860,000
RM 531 psf - RM 619 psf |
RM1,500 - RM1,500 | NIL | 2.88 % |
| The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
| The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
| 86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
| Hexagon Tech Park | 2013 | From RM288,400 | From RM1,540 | NIL | NIL |
| Lavender Park | Jan 2011 |
RM280,000
-
RM380,000
RM 400 psf - RM 503 psf |
RM700 - RM700 | NIL | 3.18 % |
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 494 psf |
| 500 - 1,000 SQ. FT | RM 537 psf | - | RM 1,306 psf |
| 1,000 - 1,500 SQ. FT | RM 498 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 32,000 |
| Loan Amount ( 90 %) | RM 288,000 |
| 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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