Hong Seng Estate is a 1-storey terrace housing area situated in between the Botanical Gardens and Gurney Drive. This estate is located behind the Grand View and the Mutiara Villa.Hong Seng Estate is made up of single storey terrace houses lived-in by fishermen and laborers who seek employment along the beach. Each unit comes with two equally-sized bedrooms and two bathrooms over a built-up area of 800sf. Each house also comes with one car parking slot. Despite its desolate location, there are plenty of amenities within 5 minutes driving distance including the Penang Chinese girls high school, SMK Tanjung Bungah, the Fettes Park market and the Penang Adventist Hospital. 3 Petrol stations are also readily available within 10 minutes drive (Shell, Caltex and Petronas). The famous Fatty Loh Chicken Rice is also within 10 minutes walking distance amidst plenty of other hawker stalls. Larger shopping centers such as Midlands One Stop, Gurney Plaza and Island Plaza are also reachable within 15 minutes drive from the estate. The town area is also approximately 15 minutes drive away from Hong Seng Estate. By car, Hong Seng Estate is accessible via Jalan Mount Erskine and Jalan Tanjung Tokong, although the latter road is infamous for being laden with traffic jam. To date, no Rapid Penang bus travels through Jalan Mount Erskine. The nearest Rapid Penang bus routes would be through Fettes Park, Tanjung Tokong and Vale of Tempe.
Property Details
Name: Hong Seng Estate Address: Jalan Mount Erskine, 10470 Tanjung Tokong, Penang Type: Terrace Tenure: Freehold No. of Storey: 1 No. of Bedrooms: 2 No. of Bathrooms: 2 Built-up: 800 sf Rental: Analysis
Most of the land area in Mount Erskine has been taken up by a Chinese cemetery, located adjacent to the Hong Seng Estate and explains why the area just behind the affluent Tanjung Tokong receives such dramatic stunted growth. As this housing area is made up of working class people, do not expect to find comfort or even safety by living in such quarters. Furthermore, the increasing unemployment rate of Hong Seng Estate workers indicates that this housing area may turn into a ghost town by the time the next decade comes around as these workers will seek employment opportunities elsewhere. This means that renting out a terrace house right now would also be highly risky.In terms of capital gain, the very fact that the estate is located right next to a large Hokkien cemetery is more than enough to put off plenty of investors. Be prepared to hear of spooky stories if you do somehow decide to rent out a unit at the estate anyway. On the other hand, Hong Seng Estate is literally surrounded by lush greenery which would mean clearer air, a beautiful view and plenty of privacy as this housing area only has one main access road out.
