Taman Seri Perak

Taman Seri Perak freehold medium cost apartment located in the town of Jelutong, on the island of Penang. The capital of Penang Georgetown is only 10 minutes away, while the Penang Bridge which connects to the mainland is only equally as near at a slightly less than 10 minutes drive way. The Penang International Aiport is located south of the island, approximately 20 minutes way from the condominium.Taman Seri Perak is a high rise that stands at 20 stories tall, overlooking the city. It consists of two blocks which houses a total of 206 units. Density is relatively low with only five units to a floor, and each home here has a standard layout of 3 bedrooms and 2 bathrooms. The average built-up per unit is approximately 700 sf. Prices are reasonable as well, at prices starting from RM285,000.As part of an older development, Taman Seri Perak is a fully occupied condominium where not many units make it to the property market. Units that do however find a place in the market are usually already partially furnished if not fully furnished. New home buyers will that their kitchens are already furnished with in-built cabinets, while some bedrooms have in-built wardrobes.As Taman Seri Perak was originally intended for the lower income group, the apartment does not come with many facilities. Buyers can however expect a covered parking bay where each unit is allocated a unit, as well as a communal parking area where visitors may park. Safety of residents is also assured by the 24-hour security guards.Taman Seri Perak is well located, with the closest major shopping mall is 1st Avenue Mall which is 5 minutes away, while convenience shops, eateries and restaurants are within walking distance. Banking needs are just as easily answer with a number of local banks within less than 5 minutes drive. There are numerous primary and secondary schools in the vicinity, with the closest medical institution being the Lam Wah Ee Hospital that is only 5 minutes away.Taman Seri Perak is a very well located apartment that sits just off the main road of Jalan Perak, which serves a number of other apartments in the area, and connects to the main road of Jalan Jelutong as well as provide easy connectivity to the Tun Dr. Lim Chong Eu Highway. Public transportation is just as easily found on the main road of Jalan Perak, which is seres by the Rapid Penang bus services.

Property Details

Name: Taman Seri Perak

Address: No. 60, Jalan Perak, 11900 Jelutong, Penang

Type: Apartment

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 20

No. of Units: 206

No. of Bedrooms: 3

No. of Bathrooms: 2

Built-up: 700 sf

Subsale Price: From RM285,000

Rental: From RM750

Facilities

Covered parking

24-hour security

Market Trends

Analysis

Taman Seri Perak is located in a high density neighbourhood which all share the same main road to enter and exit the area. As such, roads are generally clear during the afternoons and off-peak hours, but is always a serious issue during peak hours. The most seriously affected roads are Jalan Jelutong, and a certain stretch along Jalan Perak outside the Taman Meranti apartment.The neighbourhood of Taman Seri Perak is mostly tenanted by those of the lower middle and the middle income bracket. As such, buyers may expect most of their neighbours to be those of the working class. The lifestyle of this neighbourhood is also rather hectic and noisy, with a very high density of residents.Taman Seri Perak does not appear as such to be good for a long term investment, as it is not very well maintained; and although located in a highly central area, is not sought after by the upper middle or upper income group. It is however suitable as a new home for those on a budget, and are looking for a home that is close to the city.