Taman Festival is located just behind the famous Gurney Drive. Landmarks close to the building includes Precious Court, Belle Vue Residences and Desa Mas. It was built on a freehold land in 1988.Taman Festival is 12-storey high and contains 40 apartment units. Each unit either has 3 or 4 bedrooms depending on whether it is an intermediate or corner unit. It has 3 bathrooms with a total built-up area varying between 1,700 to 2,000sf. Facilities included in the apartment include parking and 24-hour security. Despite the age of the building, it is highly sought-after due to its strategic location. There are several popular schools located within 10 minutes walking distance from the apartment, including Tenby International School, SK Convent and SK Jalan Kelawei. Colleges such as the Adventist College of Nursing, Disted-Stamford college and the Dental Training college which are all less than 5 minutes drive away also makes it possible to rent out units at Taman Festival to older students as well. The Harvest Christian Centre, Penang Adventist hospital, Burma clinic and Ang Dental are also within 15 minutes walking distance from the apartment units. In terms of recreation, Padang Lumba dan Golf as well as Stadium Bandaraya Pulau Pinang is less than 15 minutes drive away. To get to Gurney Plaza, all you need to do is drive for approximately 10 minutes. Taman Festival is easily accessible via various main roads by car. Alternatively, the Komtar bus terminal, Weld Quay Bus Terminal, Farquhar St taxi stand and Weld Quay taxi stand are all 15 minutes away by car as well.
Property Details
Name: Taman Festival Address: No 89, Jalan Kelawei Road, 10250 Georgetown, Penang Completion Date: 1988 Type: Apartment Tenure: Freehold No. of Blocks: 1 No. of Storey: 12 No. of Units: 40 No. of Bedrooms: 3 - 4 No. of Bathrooms: 3 Built-up: 1,700 – 2,000 Subsale Price: Rental: Facilities
24-hour security ParkingAnalysis
Taman Festival will always be filled with occupants as it is close to plenty of amenities and tourist attractions. It is also easily accessible and there will be a constant demand for rental units due to the influx of college students. Despite its close proximity to commercial centers, Taman Festival is a low-density residential area with only 40 units of apartments, meaning that one is still guaranteed privacy. However, every apartment unit only comes with 1 car park slot which could be a problem in today’s lifestyle where almost every adult in Penang owns a car. Traffic jams are also guaranteed to occur throughout most of the waking hours as Penang is still adjusting to the sudden abundance of cars on its roads. The fact that the apartment unit is over two decades old also means that one should prepare for renovation overheads as well. Having said that the material used to build the apartment is solid, so damage from wear and tear should be minimal.
