Idaman Iris is an affordable condominium residence located in Sungai Ara, Penang. The 19-storey single tower was completed in 2013 and houses 448 units.
The freehold homes at Idaman Iris are comfortably spacious with built-up spaces of about 850 sf. Upon launching, the units were affordably priced at beginning rates of around RM185,000. However, prices have since soared to about RM380,000 in the subsale market. Rental units are available at a monthly RM800.
Despite its affordability, the facilities offered at Idaman Idris are more than the basic car park. Residents get to enjoy a swimming pool, sauna, gymnasium, barbecue area, and a multi-purpose hall. There is even a jogging track and landscaped garden.
Idaman Iris is within walking distance to several commercial shop-lots where amenities such as eateries and convenience stores can be found. SK Sungai Ara and the Hope Children Hospital are also nearby. Other amenities are just a short drive away in places like D’Piazza Mall, a Giant hypermarket in Bayan Baru and even Queensbay Mall.
Idaman Iris is ideally located just mere minutes from the Industrial Free Trade Zones of Bayan Lepas. Access to both the first and second Penang bridges are also within 15 minutes. Jalan Sultan Azlan Shah also connects the property to the Penang International Airport, Teluk Kumbar, the first Penang bridge, as well as Georgetown. The Tun Dr. Lim Chong Eu Expressway also provides an alternative route to Georgetown and the two bridges.
Given its location and mid-range price, Idaman Iris is a suitable residence for those working in Bayan Lepas and even for investors looking to buy a property with potentially stable rental yields, given that the demand to live near Bayan Lepas will constantly be there.
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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 (%) |
|---|---|---|---|---|---|
| Idaman Iris | 2013 |
RM350,000
-
RM480,000
RM 411 psf - RM 564 psf |
RM950 - RM950 | NIL | 3.4 % |
| Sierra East | July 2017 |
RM500,000
-
RM980,000
RM 390 psf - RM 593 psf |
RM1,000 - RM1,000 | NIL | 3.24 % |
| Skycube Residence | 2017 |
RM550,000
-
RM2,000,000
RM 370 psf - RM 724 psf |
RM1,000 - RM1,000 | NIL | 1.69 % |
| Setia Greens | Dec 2016 |
RM470,000
-
RM1,500,000
RM 423 psf - RM 626 psf |
RM2,000 - RM2,000 | NIL | 3.35 % |
| Olive Tree Residences | Dec 2015 |
RM730,000
-
RM1,200,000
RM 426 psf - RM 645 psf |
RM2,200 - RM2,200 | NIL | 3.09 % |
| Cypress Villa | Nov 2015 |
RM1,847,100
-
RM2,750,000
RM 499 psf - RM 687 psf |
NIL | NIL | NIL |
| Jambul Heights | Oct 2015 |
RM500,000
-
RM988,000
RM 349 psf - RM 495 psf |
RM2,800 - RM2,800 | NIL | 4.52 % |
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 | - | - | - |
| 500 - 1,000 SQ. FT | RM 499 psf | RM 485,000 psf | RM 410 psf |
| 1,000 - 1,500 SQ. FT | RM 460 psf | RM 472,500 psf | RM 714 psf |
| 1,500 - 2,500 SQ. FT | RM 463 psf | - | - |
| 2,500 - 4,000 SQ. FT | RM 351 psf | - | - |
| 4,000 SQ. FT and above | - | RM 1,918,150 psf | - |
Note:
| Down Payment (10%) | RM 18,500 |
| Loan Amount ( 90 %) | RM 166,500 |
| 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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