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Sierra East is a recently completed condominium located in the township of Taman Sri Relau in Bayan Lepas, Penang. The development, spearheaded by Chong Company, consists of two blocks, stretching 21 storeys high, comprising 433 units in total.
There are 5 types of units, Type C2, C3, D1, D2 and D2A. They all have the same layout, which is 3 bedrooms, 1 extra room and 3 bathrooms. The units have built-up sizes ranging from 1,254 sf to 1,405 sf. Price for each unit ranges from RM500,000 to RM1,002,000. Despite the similarity in layout, each unit will be able to fit a large family, which is a huge plus point if you look at the general size of condominiums today.
There are also tonnes of facilities for tenants to enjoy in Sierra East. It boasts a 70m infinity pool, and along the area there is also a jacuzzi and a sun deck. A kids pool is also included, with a kids water play deck and a parent hut nearby. For residents who are looking for a slower pace and non-water based activity, there are various landscaped gardens and pavilions located within the condominium. The gym and yoga area are located alongside each other, while there is also a meditation pod for tenants who are looking to take their mind off a busy day. A recreational hall, as well as a grill and barbecue area are also included for social gatherings and activities.
Sierra East condominium is located in the middle of the Bayan Lepas district, and that brings a huge advantage, with a number of amenities surrounding it. Investors can also consider getting a place here, with INTI International College Penang just a short drive away. There is also a commercial hub that houses a few banks, restaurants, service centres and mini marts nearby, so going around daily errands will not be a problem. If that isn’t enough, Kompleks Bukit Jambul, a shopping centre is also a stone’s throw away. Other schools which within the area include Sekolah Jenis Kebangsaaan (Cina) Min Sin.
Sierra East condominium can be reached easily via the Jalan Sultan Azlan Shah Federal Route, which also connects to other townships like Bayan Baru. The Federal Route connects to the Sungai Nibong Highway, which also makes journey to Queensbay Mall rather convenient. Via the same route, residents will also be able to reach the Second Penang Bridge, which is also a part of the North-South Highway that connects the states in the Peninsula.
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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 (%) |
---|---|---|---|---|---|
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 % |
Jambul Heights | Oct 2015 |
RM500,000
-
RM988,000
RM 349 psf - RM 495 psf |
RM2,800 - RM2,800 | NIL | 4.52 % |
The Address | 2015 |
RM865,000
-
RM1,700,000
RM 572 psf - RM 1,013 psf |
RM2,200 - RM2,200 | NIL | 2.55 % |
Idaman Iris | 2013 |
RM350,000
-
RM480,000
RM 411 psf - RM 564 psf |
RM950 - RM950 | NIL | 3.4 % |
1-Sky | 2013 |
RM520,000
-
RM999,000
RM 364 psf - RM 605 psf |
RM1,600 - RM1,600 | NIL | 3.4 % |
1-World | 2012 |
RM468,000
-
RM660,000
RM 361 psf - RM 460 psf |
RM1,450 - RM1,450 | NIL | 3.67 % |
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 432 psf | RM 485,000 psf | RM 258 psf |
1,000 - 1,500 SQ. FT | RM 453 psf | RM 472,500 psf | RM 577 psf |
1,500 - 2,500 SQ. FT | RM 412 psf | - | - |
2,500 - 4,000 SQ. FT | RM 351 psf | - | - |
4,000 SQ. FT and above | - | RM 1,141,000 psf | - |
Note:
Down Payment (10%) | RM 50,000 |
Loan Amount ( 90 %) | RM 450,000 |
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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