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Nibong Indah is a medium cost apartment located along Jalan Aziz Ibrahim in Sungai Nibong, Penang.
The apartment sits on freehold land and each units has a standard layout of 3 bedrooms and 2 bathrooms with built-up space of 700 sf. Due to the age of the property, most of the units are currently occupied or for lease.
Based on the medium cost status and the age of the property, facilities offered to the residents are limited. Security is provided within the property besides parking lots. These two facilities are standard to medium cost properties, thus it is not really a surprise to potential buyers.
Nibong Indah’s location is very well-situated. Hence, when it comes to amenities, they are quite accessible. The variety of conveniences nearby is a plus point for potential investors and homebuyers.
Several educational institutions and schools located within close proximity to the residence include SMJK(C) Phor Tay, SK Sungai Nibong, D’Monte Child Care, SJK(C) Kwang Hwa and Imiki Kindercare.
Not only that, there are also several restaurants and the popular Food Court Cina Golden Bay are just minutes away. Queensbay Mall is also just 5 minutes away from the apartment.
Accessibility is another good aspect of Nibong Indah, thanks to Jalan Aziz Ibrahim. This is the main route for Penangites to commute that also connects to Jalan Sultan Azlan Shah and Tun Dr. Lim Chong Eu Expressway.
For those who travel via public transport, fret not. The property is along the Rapid Penang bus route. Residents can catch the 308 busses that pass along Jalan Aziz Ibrahim. Other than that, there is also a bus terminal located several minutes away from Nibong Indah.
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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 (%) |
---|---|---|---|---|---|
Nibong Indah | 0 |
RM240,000
-
RM430,000
RM 202 psf - RM 514 psf |
RM950 - RM950 | NIL | 4.12 % |
Taman Pantai Indah | Dec 2016 | NIL | NIL | NIL | NIL |
Vilaris | Jan 2016 |
RM1,088,000
-
RM2,500,000
RM 291 psf - RM 519 psf |
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 % |
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 24,900 |
Loan Amount ( 90 %) | RM 224,100 |
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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