Twin Towers

Twin Towers is a high rise condominium located in Tanjung Bungah, which was developed by Taman Ratu Sdn Bhd. The condo consists of two 22-storey high-rise blocks with a total of 200 units. The condo units have built-up areas ranging between 920 to 1,320 sf. This condo was completed in 1998.Twin Towers was built on a 5 acres plot of freehold land, which can be accessed via Jalan Batu Feringghi. Some of the basic amenities around the area include food outlets, Tanjung Bungah wet market and community hall, shopping malls (Island Plaza, Gurney Plaza), schools (SJKC Pai Chai, SK Tanjung Bunga, SK Pendidikan Khas Persekutuan and Dalat International School), mosque, hotels and many others.When one mentions about Batu Ferringhi, most people would be familiar with the name of this place. Being tagged as Penang's most famous beach area, the properties developed in the nearby areas have undeniably benefited from it in terms of increase in demand. As with many other developments within the area, Twin Towers is also one of the favorite properties among expatriates and foreigners under the Malaysia My Second Home (MM2H) program.

Property Details

Name: Twin Towers

Address: Persiaran Tanjung Bungah, Postcode 11200 Penang

Completion Date: 1998

Developer: Taman Ratu Sdn Bhd

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 22

No. of Units: 200

Built-up: 920 - 1,320 sf

Maintenance Fee: RM0.20 psf

Subsale Price:

Rental:

Facilities

24-hour security

Swimming pool

Sauna

BBQ pit

Gymnasium

Children's playground

Lounge

Car wash bay

Community hall

Landscaped garden

Analysis

A condo unit's layout design or the shape of the unit has always been one of the important factors to consider when buying a property. As the condo units at Twin Towers have both sharp and rounded corners, practicality of the layout design becomes an issue even though the overall building itself looks pleasant. More often than not, sharp corners and even rounded designs are less preferred by property owners or tenants as it is difficult to arrange furniture. Apart from that, many Fengshui practitioners also believe that such layout designs, particularly those units with sharp corners would be less auspicious compared to other "squarish" units. These days, most property buyers are looking for properties with low density status, or specifically those properties with less than 5 units on each floor. Twin Towers is one of the low density types of developments, as it only has 5 units per floor. Most of the time, property buyers also tend to link the density issue, as well as number of units per floor, with privacy concerns. By looking at Twin Towers' density status, property owners are assured to enjoy privacy in the comfort of their own home. Apart from that, the surrounding area of Twin Towers, which only consists of three neighboring developments, namely the Marina Tower, Coastal Towers, as well as Mar Vista, also proves that the area is well planned and not congested. This is certainly important in promoting a serene and non-hectic stay for the residents at Twin Towers.This freehold condo may be located at a very popular area, but there is one main concern that potential property buyers should consider. There is only one road leading to Twin Towers after the Jalan Tanjung Bungah stretch. To certain residents, this could be a sign of exclusivity for the property but in terms of practicality, it would obviously be troublesome for accessibility to other areas within Penang Island. Further to that, certain parts of the road are poorly lit at night. This could pose potential danger to property owners driving along this road at night. The location of Twin Towers gives property owners opportunities to enjoy panoramic views of Penang Island's beautiful stretch of beaches as well as lush green hills. However, as this condo sits on a plot of freehold land at the foothill / near to hillside, there are high chances of landslide occurring at this area. Even though the other neighboring condo is much nearer to the hillside, prospective property buyers should still consider any potential threat to their family's safety. There are records of foreigners staying at Twin Towers, where the property has become their holiday home. This has truly promoted property investment on this development which can be clearly seen on the condo's pricing. Even though the condo is somewhat old, its subsale value is still comparable to many other developments which are around its age. However, Twin Towers still falls under the affordable range as its subsale price is still lower compared to other new developments in Batu Ferringhi.