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Ramah Pavilion at Teluk Kumbar, Penang is an affordable housing development consisting of 759 units all spread out within 2 towers, respectively towering at 36 and 38 storeys, which is considered high density. The freehold condominium is developed by M Summit Group and is expected to be completed by 2018.
Units are spread out into 6 choices, with Type A units sized at 1,355 sf, Type B units at 1,250 sf, Type C at 1,155 sf, and Type D at 1,050 sf. Type E and Type F are slightly smaller at 950 sf and 800 sf respectively. All units have 3 bedrooms and 2 bathrooms with 1 allocated parking slot.
Facilities are a little more that the usual standard in this residence, despite its affordable housing category. There will be a swimming pool, kids’ splash pool, bbq area, jacuzzi, sky gym, water slides, relaxation garden, sun deck, children’s playground, library, aerobic room, games room, study room, and more. There will also be 24 hour security with an access card system and also CCTV monitoring.
Amenities surrounding the property are reasonable, with Jalan Teluk Kumbar being the main road to take where minutes from Ramah Pavilion are amenities like the usual banks, clinics, cafes, restaurants, and so on. There are also a few schools in the area, such as SK Seri Bayu, SRK Telok Kumbar, SMK Telok Kumbar II, SK Sungai Batu, and SMK Telok Kumbar.
Accessibility will be somewhat a strength of the property depending on where you are coming from and where you are going. Those needing to go to Georgetown for work will be hard pressed do so on a daily basis as Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway leading to and from the city centre are alway congested during peak hours. However, the Penang International Airport is just 10 minutes away and the same can be said about the Bayan Lepas Free Trade Zone. This property might just be the right home for those seeking seclusion and a more private lifestyle, yet still remain connected to necessities and the city.
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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 (%) |
---|---|---|---|---|---|
Ramah Pavilion | 2018 |
RM160,000
-
RM540,000
RM 243 psf - RM 460 psf |
RM900 - RM900 | NIL | 4.42 % |
TK Residence | June 2012 |
RM800,000
-
RM918,000
RM 421 psf - RM 510 psf |
From RM900 | NIL | NIL |
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 | - | - | - |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 19,800 |
Loan Amount ( 90 %) | RM 178,200 |
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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