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Seri Taman Tanjung is a high-density apartment located in Tanjung Tokong, Penang. The apartment complex is 16-storeys high, has only one tower and houses 231 units.
The units in the apartment have a built-up that starts from 500 sf. Currently as of 2017, the units are being sold from as low as RM135,000, but more have invested towards renting the units out, with its rental price from as low as RM850. Albeit small, the units can fit in 3 bedrooms and 2 bathrooms. With its surroundings, the units are suitable for working adults, small families, and even students in nearby universities.
The apartment, being an old building, lacks in facilities, except for performing its functions as a roof beneath one’s head. However, Seri Taman Tanjung does come with 24-hour security, which also means tenants do not have to worry so much, especially when living in an already busy area.
Situated within the vicinity of the apartment are an abundance of amenities. There is a commercial hub that is located right outside of the complex, that consists of restaurants, offices, clinics and shops catering to various needs and wants. Just down the road from the commercial hub is Island Plaza, a shopping complex that also provides a little more amenities than the commercial next to the apartment. The Straits Quay Mall is also just a short drive away, and can provide a form of recreation for tenants.
The apartment is also not too far away from the townships of Georgetown, Tanjung Bungah, and Batu Ferringhi, where some of Penang’s landmarks are currently located, such as the Burmah House, the China House, as well as famous restaurants and tourist hotspots in Penang. There are also universities nearby the apartment complex, such as The One Academy located in Jalan Anson, a short drive away from Persiaran Lengkuas. Investors looking to rent out their property to students can consider this place as a prospect.
Seri Taman Tanjung is easily accessible from Jalan Fettes, which is connected to Lebuhraya Halia, one of the state highways. The apartment complex also has easy access to the North-South Highway (NSE), via the first Penang Bridge, making travelling between the island and the mainland more convenient.
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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 (%) |
---|---|---|---|---|---|
Seri Taman Tanjung | 0 |
RM370,000
-
RM370,000
RM 435 psf - RM 435 psf |
RM1,200 - RM1,200 | NIL | 3.89 % |
The Latitude | May 2015 |
RM700,000
-
RM1,200,000
RM 465 psf - RM 750 psf |
RM1,700 - RM1,700 | NIL | 3.01 % |
Taman Bukit Erskine | 2014 |
RM215,000
-
RM310,000
RM 328 psf - RM 476 psf |
RM650 - RM650 | NIL | 3.77 % |
One One Eight | 2012 |
RM465,000
-
RM850,000
RM 731 psf - RM 958 psf |
RM1,800 - RM1,800 | NIL | 4.2 % |
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 Brezza | 2011 |
RM600,000
-
RM1,250,000
RM 480 psf - RM 912 psf |
RM1,500 - RM1,500 | NIL | 3.08 % |
The Peak Residences | 2011 |
RM298,000
-
RM1,900,000
RM 389 psf - RM 718 psf |
RM1,200 - RM1,200 | NIL | 1.86 % |
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 645 psf |
500 - 1,000 SQ. FT | RM 649 psf | - | RM 348 psf |
1,000 - 1,500 SQ. FT | RM 504 psf | - | - |
1,500 - 2,500 SQ. FT | RM 573 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 2,566,667 psf | - |
4,000 SQ. FT and above | - | RM 4,325,000 psf | - |
Note:
Down Payment (10%) | RM 13,500 |
Loan Amount ( 90 %) | RM 121,500 |
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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