Sri Abadi Apartment is an apartment situated in an enclave in Sungai Ara, Penang, completed at the end of the 90s. The freehold property comprises two towers of 10 and 12 storeys, which house a total of 252 residential units, resulting in an average of about 11 to 12 units per floor.
Each of these units measure about 780 sf in built-up size, with a standard practical layout incorporating 3 bedrooms – a suitable size for individuals, couples and smaller families who do not mind more compact living conditions while they work or study in the southern part of the Penang Island.
The Sri Abadi Apartment’s units might be moderately priced, but it does offer facilities like a swimming pool, playground, landscaped garden and parking lots, in addition to round-the-clock security.
While the Sungai Ara neighbourhood where the apartment is located is rather congested with other residential developments built nearby, the property stands close to the hills and greenery, making for a more peaceful environment – for the time being, at least.
Yet another factor in its favour is the apartment’s proximity to many useful urban amenities such as schools, restaurants, cafes, hypermarkets and a hospital, Pantai Hospital Penang. It is also just about 20 minutes to the Penang Bridge and Second Penang Bridge, as well as the industrial zones in both Bayan Lepas and Batu Maung.
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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 (%) |
|---|---|---|---|---|---|
| Sri Abadi Apartment | 1999 |
RM280,000
-
RM320,000
RM 355 psf - RM 400 psf |
RM800 - RM800 | NIL | 2.81 % |
| 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 % |
| Sierra Residences | 2015 |
RM410,000
-
RM580,000
RM 395 psf - RM 577 psf |
RM950 - RM950 | NIL | 3.33 % |
| Idaman Iris | 2013 |
RM350,000
-
RM480,000
RM 411 psf - RM 564 psf |
RM950 - RM950 | NIL | 3.4 % |
| Zan Pavillon | Dec 2011 |
RM300,000
-
RM1,100,000
RM 301 psf - RM 542 psf |
RM2,000 - RM2,000 | NIL | 3.52 % |
| Oasis Residences | Dec 2011 |
RM1,280,000
-
RM1,380,000
RM 374 psf - RM 404 psf |
From RM3,000 | 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 | - | - | - |
| 500 - 1,000 SQ. FT | RM 560 psf | RM 485,000 psf | RM 714 psf |
| 1,000 - 1,500 SQ. FT | RM 455 psf | RM 565,000 psf | RM 646 psf |
| 1,500 - 2,500 SQ. FT | RM 422 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 30,000 |
| Loan Amount ( 90 %) | RM 270,000 |
| 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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