The Terraces Condominium Property Reviews | The Terraces Property For Sale & Rent | New Launch Property Penang
February 17, 2025
The Terraces Condominium
Jln Paya Terubung, Pulau Pinang, Jelutong, Penang
| Property Price | Estimated Repayment | Bedrooms | Bathrooms | Size (sqft) |
|---|---|---|---|---|
| RM 603,000 | RM 2,590 / mo | 3 | 2 | 925 – 950 |
The Terraces Condo By IJM Land
About This Project – The Terraces Condominium
The Terraces Condominium offers modern living in the heart of Bukit Jambul, Penang, with 410 units in a sleek 34-storey tower. Nestled amidst lush greenery, this development combines spacious, comfortable living spaces with breathtaking city and nature views. Modern Living Amidst Nature: The development combines contemporary design with the serene beauty of Bukit Jambul’s lush hills, providing residents with a tranquil environment.
Stunning Views: Perched atop the hills, The Terraces offers breathtaking vistas of both verdant landscapes and bustling cityscapes, creating a perfect retreat from daily life. Spacious and Comfortable Units: The condominium features two unit types, each designed with expansive living and dining areas to enhance comfort and relaxation. The Terraces Condominium features a 34-storey tower with 410 units blending comfort and modern living. Units come in two layouts: 950 sq ft and 925 sq ft, each with 3 bedrooms and 2 bathrooms, ideal for families.
Level 4 is dedicated to greenery-inspired amenities, including a swimming pool, gym, playground, reading room, surau, and multi-purpose hall. Perched on high ground, The Terraces offers stunning views of lush landscapes and the cityscapes of Bayan Baru and Bayan Lepas. Its strategic location ensures easy access to the Penang Bridge and Second Bridge.
Completion date: Q3 2025
Launch price: From RM608,000 nett
Developer: IJM Land Sdn Bhd
Sales gallery / showflat: IJM Land Sales Gallery, Suite 16-01, Menara IJM Land, 1, Lebuh Tunku Kudin 3, 11700 Gelugor, Pulau Pinang, Malaysia.
| The Terraces Condominium | Details |
|---|---|
| Location | Bukit Jambul, Penang |
| Total Units | 410 |
| Building | 34-storey tower |
| Concept | Modern living amidst nature |
| Unit Types | 950 sq ft & 925 sq ft (3 bedrooms, 2 bathrooms) |
| Key Features | – Contemporary design with serene surroundings |
| Project Details | Information |
|---|---|
| Property Type | Condominium for sale |
| Developer | IJM Land Berhad |
| Tenure | Leasehold |
| Completion Year | 2025 |
| Total Units | 410 |
| Status | Open for sale |
| Listing ID | 40686408 |
| Listed On | 6 months ago |
| Common Facilities |
|---|
| 24 hours security |
| BBQ |
| Swimming pool + Wading pool |
| Gym & Jogging track |
| Landscaped garden |
| Multi-purpose hall |
| Playground + Jacuzzi |
| Surau (male & female) |
Type A – 950 Sq.Ft – 3 Bedrooms & 2 Bedrooms
Type B – 925 Sq.Ft – 3 Bedrooms & 2 Bedrooms
Here’s the table for the Estimated Mortgage and Upfront Costs:
| Mortgage Breakdown | Details |
|---|---|
| Estimated Monthly Repayment | RM 2,590 / mo |
| Principal | RM 811 |
| Interest | RM 1,779 |
| Upfront Costs | Total Downpayment |
| Downpayment (10%) | RM 60,300 |
| Loan Amount (90%) | RM 542,700 |
Affordable But Small
For a Penang condo under RM600k, The Terraces is quite affordable. The location is good, but the unit size is quite small for a family with kids. Might be suitable for young professionals or newlyweds, but not for a growing family.
The Terraces Condo Is Great for Own Stay, Not So Much for Investment
If you’re buying for own stay, this project is affordable and comfortable. However, if you’re looking for capital appreciation, I would look elsewhere. Leasehold condos don’t appreciate as much as freehold ones, and Penang has many upcoming projects that might compete with this one.
Cramped Unit Sizes
The layouts are well-designed, but at 925-950 sq. ft., the units feel too small for a family. The living and dining areas are okay, but the bedrooms are quite tight. If you need more space, this might not be suitable.
Traffic Nightmare
The location is strategic, but Bukit Jambul’s traffic is terrible during peak hours! If you work in Bayan Lepas or George Town, expect to spend a lot of time stuck in jams. Plus, the roads leading to the condo are quite narrow. Definitely a deal-breaker for me.
The Terrace Condo? Disappointed with Leasehold Tenure
I was excited about this project at first, but after finding out it’s leasehold, I lost interest. For this price, I would rather buy a freehold property that offers better long-term value. IJM is a good developer, but I personally prefer a property that I can hold forever. Not for me.
