Tanjung Court at Farlim, Penang is a high-density development that consists of 14 blocks built over leasehold land. Each block has six storeys and housing 672 apartments in total. As this is a high-density development, it caters more towards lower income residents.
In terms of layout, sizes vary between 700 sf to 780 sf and they all come in a 3 bedrooms and 2 bathrooms layout. Residents will get to utilize the parking lot provided, while other facilities include a swimming pool, landscaped garden, playground and also 24-hour security. To be on the safe side, those interested in the property are better off going to the actual site for a better understanding of the actual security measures in place as this is a property for a different income bracket.
Amenities surrounding the property are aplenty as it has been around for a while and residents are within close proximity to First Avenue Mall, Komtar, Prangin Mall, Sunshine Farlim Hypermarket, and Lam Wah Ee Hospital. Educational institutions are a handful with the Penang Free School, SK Convent Green Lane, Chung Ling High School, Sin Kang Chinese Primary School, Air Itam Secondary School, Sri Aman National School and many more located within driving distance.
Accessibility is decent with the property being close to the first Penang bridge for those who need to travel to the mainland, while the second Penang bridge is also accessible but slightly further. Public transportation is conveniently nearby, mainly Rapid Penang buses, so residents are quite well connected. The property itself is closely located to highways and roads like the Thean Teik Highway, Solok Angsana, Jala Paya Terubong, Jalan Angsana, and Lengkok Angsana to name a few. Do note that the Farlim area is generally prone to traffic congestion and will likely worsen given the many upcoming property developments expected there in the future.
The property has already existed for quite some time and could be in better physical condition while pricing is on the lower end of the scale. Again, prospective buyers are advised to be physically there at the property for a proper evaluation.
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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 (%) |
|---|---|---|---|---|---|
| Tanjung Court | 1994 |
RM200,475
-
RM438,000
RM 255 psf - RM 547 psf |
RM800 - RM800 | NIL | 3.66 % |
| All Seasons Park | June 2013 |
RM428,000
-
RM1,250,000
RM 429 psf - RM 934 psf |
RM1,000 - RM1,000 | NIL | 2.79 % |
| View Court | 2013 |
RM538,000
-
RM688,000
RM 427 psf - RM 546 psf |
RM1,300 - RM1,300 | NIL | 2.05 % |
| Melody Homes | Dec 2012 |
RM289,000
-
RM430,000
RM 412 psf - RM 614 psf |
RM850 - RM850 | NIL | 3.59 % |
| Boulevard Condominium | 2011 |
RM480,000
-
RM730,000
RM 512 psf - RM 715 psf |
RM1,200 - RM1,200 | NIL | 3.07 % |
| Sri Kristal | 2009 |
RM360,000
-
RM480,000
RM 396 psf - RM 571 psf |
RM1,000 - RM1,000 | NIL | 2.81 % |
| BL Garden | 2009 |
RM325,000
-
RM450,000
RM 437 psf - RM 642 psf |
RM800 - RM800 | NIL | 2.84 % |
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 563 psf | RM 244,500 psf | - |
| 1,000 - 1,500 SQ. FT | RM 524 psf | - | RM 515 psf |
| 1,500 - 2,500 SQ. FT | - | RM 600,000 psf | - |
| 2,500 - 4,000 SQ. FT | - | RM 986,667 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 26,800 |
| Loan Amount ( 90 %) | RM 241,200 |
| 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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