98 Nibong Residence is a condominium development strategically located in the Sungai Nibong township, Penang. This single block 18-storey property is only minutes away from the Bayan Lepas Free Trade Zone.
98 Nibong Residences has a total of 107 units with built-up areas ranging from 473 sf to 2,390 sf. The huge array of unit sizes is able to accommodate the needs of different homebuyers, be it individuals or small to large families.
The built-up area for its 3-4 bedroom units ranges from 1,238 sf to 2,390 sf, while the 2-bedroom type has a built-up area of 1,060 sf. The studio units, on the other hand, are sized from 473 sf to 586 sf. There are nine units on each floor.
The development is also equipped with facilities such as a barbeque area, function room, gymnasium, multi-purpose hall and swimming pool, making it an ideal place to unwind after a long day out.
Built near schools and other public amenities, 98 Nibong Residence’s central location has made it one of the most sought-after residential properties in the locality. It is easily accessible via the Jalan Sultan Azlan Shah, Tun Dr. Lim Chong Eu Highway and Jalan Aziz Ibrahim.
A convenient lifestyle awaits residents of 98 Nibong Residence as the property is only a mere 4 minutes drive to Queensbay Mall - the largest mall in Penang. Other nearby malls include Pan Palaca Plaza, Kompleks Bukit Jambul, Sunshine Square and D’Piazza Mall.
Parents with schoolgoing children will be spoilt with options such as SK Sungai Nibong, Phor Tay High School, SJK (C) Kwang Hwa, SJK (C) Keong Hoe, King’s Academy and Corrington Premium Preschool, just to name a few.
Homebuyers and property investors who are looking for a property in Penang may well consider 98 Nibong Residence due to its accessibility, variety of units and convenient location.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| 98 Nibong Residence | 2015 |
RM800,000
-
RM1,250,000
RM 400 psf - RM 635 psf |
RM1,600 - RM1,600 | NIL | 2.69 % |
| Taman Pantai Indah | Dec 2016 | NIL | NIL | NIL | NIL |
| Summerton Condominium | Apr 2014 |
RM680,000
-
RM1,900,000
RM 415 psf - RM 829 psf |
RM1,700 - RM1,700 | NIL | 2.43 % |
| Summerton Bayan Indah | 2014 |
RM1,200,000
-
RM1,900,000
RM 652 psf - RM 806 psf |
RM1,800 - RM1,800 | NIL | 1.89 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
| Ixora Heights | 2010 |
RM468,000
-
RM575,000
RM 482 psf - RM 616 psf |
RM1,000 - RM1,000 | NIL | 2.76 % |
| The Uban Residence | 2010 |
RM880,000
-
RM1,300,000
RM 418 psf - RM 650 psf |
RM2,200 - RM2,200 | NIL | 2.15 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 645 psf |
| 500 - 1,000 SQ. FT | RM 558 psf | - | RM 984 psf |
| 1,000 - 1,500 SQ. FT | RM 649 psf | RM 186,584 psf | RM 822 psf |
| 1,500 - 2,500 SQ. FT | RM 521 psf | RM 409,000 psf | RM 662 psf |
| 2,500 - 4,000 SQ. FT | RM 579 psf | RM 1,568,333 psf | - |
| 4,000 SQ. FT and above | - | - | RM 769 psf |
Note:
| Down Payment (10%) | RM 44,500 |
| Loan Amount ( 90 %) | RM 400,500 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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