Mawar Apartment is a 4-storey walk-up apartment with a freehold tenure, built in an enclave along Jalan Bukit Kecil 1, Sungai Nibong in the mid-90s. The apartment’s 60 units all come with 3 bedrooms and 2 bathrooms and have a built-up area of 850 sf, making it suitable for singles, couples and smaller families.
Despite the apartment’s age, it has aged gracefully, with a relatively well-maintained and clean environment. Its 3 blocks are arranged around a landscaped garden, which offers a tranquil oasis away from the busy roads around the apartment.
Facilities are minimal – car park lots and 24-hour security – but the Mawar Apartment makes up for this fact to some extent with its convenient location near to urban facilities and amenities. For example, it only takes 5 minutes on foot to reach Jalan Sultan Azlan Shah, where there are eateries, pharmacies, banks, petrol stations and even a police station. As the road is also a main route in Penang, many buses and cabs also pass by the area.
Driving to Queensbay Mall takes less than 10 minutes, giving the Mawar Apartment’s residents access to even more cafes, restaurants, beauty centres, a cinema and other retail outlets and offices. The Tun Dr Lim Chong Eu Expressway is also very near to the Mawar Apartment, allowing residents to travel easily to other places in Penang, from George Town in the northeast all the way to Batu Maung in the southeast of the island.
Nearby schools include the SJK (C) Kwang Hwa, SMK Sungai Nibong, SRK Sungai Nibong, SRJK (C) Shih Chung and SJK (C) Min Sin. For parents with younger children, the D’Monte Child Care and Development Centre and a Kumon centre are a 5-minute walk away, and there is a nearby park – the Taman Sri Nibong Park – for jogging, walks and games.
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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 (%) |
|---|---|---|---|---|---|
| Mawar Apartment | 1994 |
RM270,000
-
RM485,000
RM 360 psf - RM 570 psf |
RM1,200 - RM1,200 | NIL | 3.56 % |
| Taman Pantai Indah | Dec 2016 | NIL | NIL | NIL | NIL |
| Victoria Bay | 2015 | From RM1,440,000 | 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 % |
| The CEO | 2012 |
RM280,000
-
RM500,000
RM 608 psf - RM 926 psf |
RM1,550 - RM1,550 | NIL | 4.77 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
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 786 psf |
| 500 - 1,000 SQ. FT | RM 560 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 522 psf | RM 409,000 psf | RM 662 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,568,333 psf | - |
| 4,000 SQ. FT and above | - | - | RM 769 psf |
Note:
| Down Payment (10%) | RM 38,000 |
| Loan Amount ( 90 %) | RM 342,000 |
| 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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