Sri Ivory Apartment

Apartment
Lengkok Angsana, 11500 Farlim, Penang
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  • Community's Reviews
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Facilities

Covered parking
Basketball court
Community hall
Playground
Landscaped garden

Sri Ivory Apartment is a high-density apartment residence located in Farlim, Penang. The single-block complex towers at 25 storeys high, housing a whopping 600 units. Completed in 2004, the apartment displays signs of wear from being battered by the weather.

All units in the leasehold Sri Ivory Apartment are sized at 700 sf with a standard layout of 3 bedrooms and 2 bathrooms. Just snug to fit a small family of 3 to 4 members. Prices of units for sale on the market begin from RM228,000, which could be much higher than its initial price. Rental is also quite high compared to other lower density apartment complexes or even older condominiums in other nearby towns, at RM700 per month.

Sri Ivory Apartment as it would appear, was established to provide affordable and liveable housing geared for those in the middle income sector. There are a few facilities offered to residents, such as a basketball court, community hall, children’s playground, and even a landscaped garden. Apart from that, there is also a multi-storey covered parking lot for residents to utilise. The property also has a guarded entrance.

Though there is a commercial shop office right in front of Sri Ivory Apartment, there are not many amenities around it, with only an eatery or two and a sundry shop, as well as a gym operating within. More conveniences will take about a 5-minute walk down Lengkok Angsana where the property is situated, to some shop lots across the Thean Teik Highway. A Giant hypermarket and the All Seasons Place commercial plus a residential development is also located further up the Thean Teik Highway, a little over 5 minutes’ drive from Sri Ivory Apartment.

There are no schools within walking distance of Sri Ivory Apartment, with the nearest ones being in the Greenlane area, such as SMK Georgetown, SK Batu Lanchang, SMJK Chung Hwa Confucian, Convent Greenlane, SMK Haji Zainul Abidin, and SK Jalan Hamilton all within 10 minutes’ drive of the property. Others a little further away include the Penang Free School, SMJK Heng Ee, SRJK (C) Sum Sum and more in the Jelutong area. The nearest hospital is the Lam Wah Ee Hospital, also about a 10-minute drive from the residence.

Located just off the Thean Teik Highway, Sri Ivory Apartment enjoys accessibility to the Georgetown city centre as well as the town of Air Itam. The Thean Teik Highway also links to Jalan Paya Terubong, which can lead to the Bayan Baru area. Other major roads nearby include Jalan Thean Teik, Lorong Batu Lanchang, Jalan Air Itam and Jalan Masjid Negeri. Jalan Masjid Negeri can then lead to Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants

Davidkwanweiyee
It's actually a good place and a blessing to live here.
Cleanliness
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2004
(Year of Completion)
This project was completed 15 years ago
  • NIL
  • From RM 228,000
  • From RM 700
  • RM80/month
Built Up
From 700 sq ft
Land Title
Residential
Tenure
Leasehold
Total Blocks
1
Total Storey
25
Total Units
600
Parking
NIL

Nearby Amenities

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Did you know?

Check out the value of surrounding upcoming properties to make the best buying decision.

Property Name Year of Completion Launch Price Ad Selling Price
Sri Ivory Apartment 2004 NIL RM 210,000 - RM 285,000
RM 300 psf - RM 407 psf
Sunshine Tower 2019 NIL NIL
11 For Sale in Sri Ivory Apartment 2 For Rent in Sri Ivory Apartment

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 Ivory Apartment 2004 RM 210,000 - RM 285,000
RM 300 psf - RM 407 psf
RM 750 - RM 750 NIL 3.85 %
Shineville Park 2014 RM 52,000 - RM 1,400,000
RM 31 psf - RM 466 psf
RM 600 - RM 600 NIL 2.64 %
98 Greenlane 2014 RM 1,500,000 - RM 2,550,000
RM 503 psf - RM 681 psf
RM 2,000 - RM 2,000 NIL 1.72 %
All Seasons Park Jun 2013 RM 59,900 - RM 1,250,000
RM 54 psf - RM 934 psf
RM 1,000 - RM 1,000 NIL 3.21 %
Melody Homes Dec 2012 RM 289,000 - RM 430,000
RM 412 psf - RM 614 psf
RM 799 - RM 799 NIL 3.5 %
Boulevard Condominium 2011 RM 470,000 - RM 1,250,000
RM 400 psf - RM 663 psf
RM 1,200 - RM 1,200 NIL 2.02 %
Delima Palace Mar 2010 RM 895,000 - RM 2,680,000 RM 2,800 - RM 4,500 NIL 2.04 %
11 For Sale in Sri Ivory Apartment 2 For Rent in Sri Ivory Apartment 21 For Sale in Shineville Park 21 For Rent in Shineville Park 12 For Sale in 98 Greenlane 8 For Rent in 98 Greenlane 54 For Sale in All Seasons Park 37 For Rent in All Seasons Park

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 316 psf
500 - 1,000 sq ft RM 645 psf - -
1,000 - 1,500 sq ft - - RM 373 psf
1,500 - 2,500 sq ft RM 349 psf - -
2,500 - 4,000 sq ft - - -
4,000 sq ft and above - - RM 550 psf
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 381 psf
Non Landed Properties
RM 517 psf
Landed Properties
RM 359 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees
  • My Affordability

    Down Payment (10%) RM 22,800
    Loan Amount ( 90 %) RM 205,200
    Tenure Years 35 Years
    Interest Rate 4.85%
    Others (Estimation) RM 10,000
    Apply now
    Monthly Installment
    RM 3,000 ±
    Mortgage Provided By Hong Leong Bank
    Maintenance Fee
    RM 80 ±
    RM 80.0 psf (700 sq ft)
    Total Monthly Expenses
    RM 3,000 ±

    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.

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