Taman Molek

Taman Molek is a freehold mixed township development that located at Johor Bahru, Johor. This town has consists of a healthy mix of residential and commercial phases that making the township one that is self-sustainable and conducive for all walks of life. This development was developed by Pelangi Sdn Bhd also as a member of I & P Group Sdn Bhd. Taman Molek is a multi award winning development that offers modern townships living within gated and guarded community. Taman Molek also has facilities within its neighbourhoods, which usually encompass a central park with children playground. Some high rise residential properties have more social facilities such as barbecue area and others such as swimming pools. There are also some sport facilities such basketball courts that are located within each individual neighbourhood in the town. Beside that, the residents also can experience the ultimate convenient within this thriving financial hub with 16 financial instituation that also comes with a variety of vibrant commercial lifestyle amenities. Meanwhile, security varies based on the phases and developments, where some come with 24 hours security and some homes are protected by a gated and guarded system. Taman Molek is becoming increasingly popular as a commercial and residential area and with a direct link to Johor Bahru. It is also close to the Tebrau-Plentong corridor which is seeing tremendous growth and also a lot of high end developments such as waterfront and marina type projects along with hotels and more commercial areas set to come in future. This township also provide enough amenities for its occupants, with the likes of workshops, offices, convenience stores, restaurant, cafes and service centers spread across the neighbourhoods in the town. It is also close to Tebrau, where residents can find malls such as Aeon Mall, Tesco Extra and the Ikea Tebrau which was just completed. Within the neighbouring town, the residents will be able to find Sultan Ismail Hospital which would be convenient during emergencies. Plentong is another nearby township that residents can go for entertainment and shopping for daily needs, as there is a Giant hypermarket situated there. Taman Molek can be easily accessed via Jalan Pandan Jaya and the Pasir Gudang Highways with two of the roads having exits to the town. The residents can travel down to the Johor Bharu city center with ease and for those who are frequently commute to Singapore will also find a suitable home as it enjoy proximity to the neighbouring country. Facilities featured in this residential are included basketball court, barbecue area, swimming pool and 24 hours security. Taman Molek the landed homes in the town have built up ranging from 1128 sq ft, particularly for its terrace homes which also come with average 3 bedrooms and 2 bathroom layout. The semi detached units are sized from 3200 sq ft onwards and usually have 5 bedrooms and 4 bathrooms. For the high-rise units such as condominium have a built up from 1075 sq ft onwards; with 3 bedrooms and 2 bathrooms within their units. And for the commercial lots on the other hand are usually 2 or 3 storeys high. The current market prices for Taman Molek are from RM450,000 to RM840,000 (about RM310 psf) for houses; while the monthly rentals are from RM1,200 to RM1,500 (about RM0.80 psf) for houses. The highest median price psf ever recorded was RM355 psf in Q4 2016 (House); while the lowest one was RM134 psf in Q3 2011 (House). The current rental yield of Taman Molek is 3.21% for houses. The highest rental yield ever recorded was 5.85% in Q1 2014 (House); while the lowest one was 2.88% in Q4 2016 (House). The most popular layout and size combination at Taman Molek for houses is 3-bedroom / 1,540 sf with a median price of RM310 psf. For price wise, the most expensive one is 4-bedroom / 1,920 sf with a median price of RM440 psf; while the cheapest one is 3-bedroom / 1,800 sf with a median price of RM250 psf. Other projects around the area that might be worth checking out include 8scape Residences @ Sutera, Johor Bahru, Adda Heights, Johor Bahru, Akademik Suites @ Austin Heights, Aliff Avenue (Dwi Alif), Aloha Tower Condominium and Amberside @ Country Garden Danga Bay.