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Reservoir Garden is a mostly residential neighbourhood situated near to the Air Itam Reservoir in Air Itam, Penang. It can be accessed via Jalan Air Putih, which leads off the main road of Jalan Air Itam. Rapid Penang buses 201 and 502 only reach up to the main road, travelling in the directions of the jetty, Paya Terubong, and Balik Pulau. Bus stops are about 10 minutes on foot or a 3-minute drive from the neighbourhood.
On one hand, Reservoir Garden’s properties are aged, having been built decades ago, but this also means that it is a matured neighbourhood surrounded by a hawker centre, many eateries and shops, in addition to a temple. For recreation, residents can visit the golf course at the Penang Turf Club, Air Itam Dam or the Penang Hill, which are approximately 3km, 4.5km and 11.5km away respectively.
Reservoir Garden is also comparatively peaceful compared to other neighbourhoods closer to Georgetown. It also has abundant greenery, and residents will encounter less traffic congestion. However, the major entertainment hubs and shopping malls of Georgetown are not exactly near the neighbourhood. For example, residents will have to travel slightly further to places like Gurney Plaza – about 7km away – to reach a cinema.
Schools located within a 2.5km radius of Reservoir Garden include SJK (T) Rajaji, SK Ayer Itam, SK Seri Indah, SK Sri Aman, SMK Air Hitam, SRJK (C) Chiao Nan, SJK (C) Kong Min Pusat and SJK (C) Shang Wu. Shopping facilities like Econsave Ayer Hitam and the Farlim night market are not too far away either, less than 15 minutes by car, so residents will have no problem getting their basic daily necessities.
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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 (%) |
---|---|---|---|---|---|
Reservoir Garden | 0 |
RM720,000
-
RM3,200,000
RM 241 psf - RM 800 psf |
From RM1,200 | NIL | NIL |
Quattro Zen | 2015 |
RM950,000
-
RM1,000,000
RM 330 psf - RM 374 psf |
NIL | NIL | NIL |
Desa Gemilang | 2006 |
RM628,000
-
RM628,000
RM 570 psf - RM 570 psf |
NIL | NIL | NIL |
Indah Kota | 2005 |
RM430,000
-
RM535,000
RM 554 psf - RM 625 psf |
RM850 - RM900 | NIL | 1.93 % |
Taman Seri Air Itam | 2003 | RM80,000 - RM115,000 | From RM450 | NIL | NIL |
Taman Sri Indah | 2002 |
RM390,000
-
RM390,000
RM 520 psf - RM 520 psf |
RM650 - RM700 | NIL | 1.83 % |
Taman Bukit Bendera | 2002 |
RM430,000
-
RM430,000
RM 505 psf - RM 505 psf |
RM1,000 - RM1,000 | NIL | 4.05 % |
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 | - | RM 940,000 psf | - |
1,000 - 1,500 SQ. FT | - | RM 959,000 psf | - |
1,500 - 2,500 SQ. FT | - | RM 1,268,000 psf | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 74,800 |
Loan Amount ( 90 %) | RM 673,200 |
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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