Taman Bukit Erskine at Tanjung Tokong, Penang, is a low to medium cost apartment building that has been completed for a few years. Built to a towering 38 storeys, it houses a significant 554 units. With its location slightly up hill, residents are being able to admire views of the sea or greenery, depending on individual units.
Each unit comes with a built-up area of at least 654 sf comprising of 3 bedrooms and 1+1 bathrooms. Residents of the freehold units also get to make use of standard apartment facilities available in the property, like a parking lot, children’s playground, as well as 24-hour security.
Amenities are also aplenty along nearby Gurney Drive, where there are banks, supermarkets, cafes, restaurants, banks, pharmacies, hawker food and entertainment. The Island Plaza shopping mall is also just around the corner. Within reach are also a number of petrol stations, clinics, a wet market and much more.
Accessibility is good with the property located along Persiaran Halia 3, which is linked to the Halia Highway, Jalan Fettes, Jalan Mount Erskine, and the thriving Jalan Tanjong Tokong. Residents seeking public transportation can approach the available bus stops that are placed within walking distance of the property or hail a taxi along any of the main roads nearby. Those needing to head to Georgetown will only take 15 minutes from the property while it takes around 30 minutes to reach the Penang International Airport.
Taman Bukit Erskine may be a little isolated even though it is reachable. Population-wise, it is still quite low. The primary attribute is its role as a simple and functional home for individuals or small families and its rather convenient location in Tanjung Tokong, though residents who do not have a car may find it a little difficult to reach. From an investment standpoint, Taman Bukit Erskine is reasonable but there may be tough competition from the high saturation of properties available for rent or sale in the area. Hence, emphasis should be placed on taking the time to survey the neighbourhood and the 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 Bukit Erskine | 2014 |
RM215,000
-
RM310,000
RM 328 psf - RM 476 psf |
RM650 - RM650 | NIL | 3.77 % |
| The Latitude | May 2015 |
RM700,000
-
RM1,200,000
RM 465 psf - RM 750 psf |
RM1,700 - RM1,700 | NIL | 3.01 % |
| Fettes Residences | June 2011 |
RM1,050,000
-
RM2,000,000
RM 433 psf - RM 1,000 psf |
RM2,500 - RM2,500 | NIL | 3.19 % |
| The Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
| Fettes Park | 2011 |
RM690,000
-
RM4,300,000
RM 627 psf - RM 833 psf |
NIL | NIL | NIL |
| Alila Horizon | Apr 2008 |
RM780,000
-
RM1,950,000
RM 478 psf - RM 663 psf |
RM1,800 - RM1,800 | NIL | 3.26 % |
| Taman Evergreen | 2008 |
RM360,000
-
RM899,000
RM 514 psf - RM 600 psf |
RM950 - RM950 | NIL | 1.66 % |
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 791 psf |
| 500 - 1,000 SQ. FT | RM 649 psf | - | RM 342 psf |
| 1,000 - 1,500 SQ. FT | RM 508 psf | RM 738,625 psf | - |
| 1,500 - 2,500 SQ. FT | RM 585 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,645,000 psf | - |
| 4,000 SQ. FT and above | - | RM 1,645,000 psf | - |
Note:
| Down Payment (10%) | RM 20,500 |
| Loan Amount ( 90 %) | RM 184,500 |
| 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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