Idaman Lavender is a freehold apartment complex located in Sungai Ara, Penang. It was developed by Koperasi Tunas Muda Sungai Ara Berhad. The project was completed in June 2011.
The 12-storey apartment consists of two apartment blocks with 352 residential units. Each unit has an average built-up space of 750 sf with 3 bedrooms and 2 bathrooms.
The launching price for each unit is around RM165,000 and since then, the value has increased rapidly to subsale prices of at least RM297,000.
Facilities provided to residents are limited as Idaman Lavender is an intermediate cost residence. Aside from 24-hour security patrol, a community hall is available for residents’ use. Besides that, there is also nursery on the ground floor and a playground. As for Muslim homeowners, there is also a prayer room.
The location of the residence is considerably strategic. Residents of Idaman Lavender can commute peacefully to and from the apartment due to the light traffic congestion in the area. The traffic along Lilitan Sungai Ara is alright, but will get hectic once you reach Jalan Dato Ismail Hashim and Jalan Paya Terubong.
As for amenities, there are several shopping complexes near the residence such as the Bukit Jambul Complex and Sunshine Square. There is also a community market available about 15 minutes from the apartment. If that is not enough, the Bayan Lepas township is less than 2 km away, where a wide variety of amenities are available, such as eateries, banks and minimarts.
The nearest schools within the vicinity are the Chung Hwa Secondary School, SK Seri Relau, SRK Sungai Ara and SRJK(C) Chong Cheng. A police station is about 3 km away while Pantai Mutiara Hospital is less than 2 km away.
Public transport is available in the area. Residents can catch a bus from the bus stop located around a 15 minutes’ walk from Idaman Lavender. To add, the Penang International Airport in Bayan Lepas is also just 6 km away from the property.
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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 (%) |
|---|---|---|---|---|---|
| Idaman Lavender | June 2011 |
RM310,000
-
RM395,000
RM 413 psf - RM 526 psf |
RM800 - RM800 | NIL | 3.65 % |
| 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 % |
| 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 % |
| Taman Sungai Ara | 2015 |
RM700,000
-
RM2,150,000
RM 314 psf - RM 811 psf |
RM2,800 - RM2,800 | NIL | 2.36 % |
| Idaman Iris | 2013 |
RM350,000
-
RM480,000
RM 411 psf - RM 564 psf |
RM950 - RM950 | NIL | 3.4 % |
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 472,500 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 16,500 |
| Loan Amount ( 90 %) | RM 148,500 |
| 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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