A freehold property called Tunas Residensi, sometimes referred to as TM Residency, is situated in Bayan Baru, Penang. Koperasi Tunas Muda Sungai Ara is the company behind this development. There would only be one building, with 19 stories, and 100 units. Of these, 20 would be 1,240 sf penthouse homes with 3+1 bedrooms and 2 bathrooms, while 80 would be normal 820 sf units with 3 bedrooms and 2 baths. The indicative prices were initially set at RM250,000 but have recently increased to RM315,000. All condos at Tunas Residensi include a free parking space, and some have views of the PISA Aquatic Center, which is just across from the development.
A swimming pool on the ground level and a gym are among the amenities built on the property. Along Jalan Relau, where amenities are conveniently accessible and close by, is where Tunas Residensi is situated. Along with a number of other restaurants, the Public Bank and Maybank are located just across from the property. The nearest shopping centres are Sunshine Square, Bukit Jambul Complex, and the Young Ones Shopping Centre. A less than one-kilometer drive will get you to Hospital Pantai Mutiara, making it simple to get there in an emergency.
The Straits International School, Inti International College Penang, and SMK Bukit Jambul are only a few of the nearby educational institutions. Tunas Residensi is conveniently situated at the intersection of two major thoroughfares. The major Penang roundabout is reached through Jalan Tun Dr Awang, and from there it is simple to travel to Gelugor and farther north to Georgetown. It also leads south, in the direction of Penang International Airport, at the other end. Tun Dr Lim Chong Eu Highway can take you to the Penang Bridge in less than ten minutes.
Tunas Residensi Details:
Name: Tunas Residensi (also known as TM Residency)
Address: Relau, Penang
Developer: Tunas Muda
Type: Apartment
Tenure: Freehold
No. of Blocks: 1
No. of Storey: 19
No. of Units
Type A: 80
Type B: 20
No. of Bedrooms: 3 – (3+1)
No. of Bathrooms: 2
Built-up: 820 – 1,240 sf
Tunas Residensi Unit Types:
- Type A & A1 (820 sf)
3 bedroom + 2 bathroom - Type B (1,240 sf)
3+1 bedroom + 2 bathroom
Facilities at Tunas Residensi
Among the facilities include 24-hour security, swimming pool and gymnasium.
Amenities around Tunas Residensi
The nearest market will be the new Pisa Corner market. The nearest school is SRJK (C) MiN Sin. The nearest petrol station is the Petronas along Jalan Dato Ismail Hashim. The nearest hospital is Pantai Hospital. The nearest shopping centre include D’Piazza Mall and Sunshine Square.
Location of Tunas Residensi
Tunas Residensi is 14 km from Komtar. It can be considered far from the city centre, but closer to the Bayan Lepas Industrial Zone.
ANALYSIS:
There was a lot of public curiosity when the idea was first revealed, and at one point, about 2,000 people registered their interests. There are only 100 units available, though, and it is reported that Tunas Muda will give preference to its members when making purchases. This would include 400 of its current members. The lack of a public launch and accessibility to the public profoundly disappointed the general populace. There are even suggestions that under-the-counter transactions may have been an option for someone who needed a unit immediately.
Additionally, the prices at which it first debuted were thought to be fairly cheap given its position, and it can be difficult to locate a property at a comparable location selling for less than RM400 psf, particularly a new build. There are also certain drawbacks to the property aside from that. The actual plot of land is a triangular, which some members of the Chinese community consider to be harmful from a “Feng-Shui” perspective. Others remarked that the location, being at the intersection of two major roads, would also result in significant noise and air pollution.
