TANJUNG TOKONG

Tanjung bungah, Penang

About this project

Tanjung Tokong is a matured neighbourhood occupying the northeastern corner of the Penang Island. It began as a fishing village, deriving its name from an old Chinese temple built in the late 18th century. During the 1970s and 1980s the area started to see development, mainly a result of its relative proximity to Georgetown. The neighbourhood is a popular place to stay in, especially for those working in Georgetown. Developments in the area range from low- and medium-cost apartments and affordable housing settlements to upmarket sea-facing condominiums, and landed houses by the sea and on the hills of Tanjung Tokong. Massive land reclamation was (and is still being) done along the northern shore of the area, becoming the site for the new homes and commercial complexes of Seri Tanjung Pinang. Tanjung Tokong is home to Penang's first shopping centre, Island Plaza. Since then, many other shopping complexes have sprung up in the neighbourhood and the surrounding areas, for example Gurney Plaza, Gurney Paragon and Straits Quay, where residents can access an abundance of eateries, shops, beauty parlours, health and fitness centres, cinemas and recreational spaces. The Mount Erskine market, Tesco Seri Tanjung Pinang and Sam's Groceria in Straits Quay cater for the residents' grocery shopping needs. Medical facilities are also aplenty, with the Adventist Medical Centre, Penang Adventist Hospital and Gleneagles Penang Medical Center all located about 3 to 6km away from Tanjung Tokong. There are several schools and education centres located within the vicinity of Tanjung Tokong – public institutions like SJK (C) Hun Bin and SK Tanjung Tokong, and private ones like Kumon, Smart Reader and various kindergartens. The town is also considerably near to the Georgetown city (about 7km from Komtar), where many other educational institutions can be found, such as Penang Chinese Girls' High School, Equator College, Pusat Teknologi dan Pengurusan Lanjut (PTPL) and KDU Penang University College. Public transportation in the form of buses, including 101, 102, 103 and 104, is available along the main road, Jalan Tanjung Tokong, as well as along some other smaller roads like Jalan Gajah and Jalan Bintang. Those living in other parts of Tanjung Tokong that are further away from the main road, however, would need to walk quite a long way to get to a bus stop, or simply need to own their own private vehicles. Credit : Propsocial 6.1.2020
Property Type
Terraced House
Beds
2 - 6 bedrooms
Built up
1012 sqft - 34671 sqft
Transacted Price
RM 400,000 - RM 13,613,600
Asking Price (Sale)
RM 1,880,000 - RM 3,600,000

Past Transactions

Transaction DateAddressBuilding TypeFloorsLot SizePrice PsfPrice

Historical Monthly Price Range & Volume

Profitability

Profitable Transactions (Limited to 5 Total of 7 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
25 Jul 1205 Sep 192,723 ft²441404100,0001.2
14 Feb 1329 Aug 191,195 ft²7497455,0000.1
27 Feb 1312 Nov 185,802 ft²491414450,0003.1
26 Dec 1317 Oct 166,588 ft²402367230,0003.3
27 Jul 1128 Jul 153,143 ft²414322289,0006.5

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed. In addition, there are 2 more profitable transactions.

Unprofitable Transactions (Limited to 5 Total of 4 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
16 Apr 1409 Jun 204,499 ft²222262-180000-2.7
17 Jan 1129 Oct 135,091 ft²294452-801500-14.3
03 Feb 1016 Aug 123,778 ft²216222-23055-1.1
29 Dec 1112 Apr 124,284 ft²280219-463000-67.8

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

Affordability

  • Down Payment (10%)RM 0
  • Loan Amount (%)RM 0
  • Tenure Years0 Years
  • Interest Rate0%
  • Loan Amount 90%
  • Down Payment 10%
Monthly Installment

RM 0±

Mortgage Provided by Hong Leong Bank

Maintenance Fees

RM 0 ±

RM 0 psf (0 sq ft)

Total Monthly Expenses

RM 0±

Disclaimer

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