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I-Park Apartment
Jalan Rajawali Off Jalan Dato Ismail Hashim, 11900 Sungai Ara, Penang
Apartment
Details:
Developer
Ideal Property Group
View developer's profile
Facilities
Restaurants
Mini mart
Jogging track
Children’s playground
Property Details
2013
(Year of Completion)
(Year of Completion)
This project was completed 11 years ago
From RM42,000
From RM195,000
From RM650
Built Up
From 650 SQ. FT
Land Title
Residential
Tenure
Freehold
Total Blocks
1
Total Storeys
16
Total Units
534
Description
I-Park Apartment is an apartment residence located in Sungai Ara, Penang. Completed in 2013, the residence still appears quite new, with its 16-storey single complex in a well-maintained condition.
I-Park Apartment is also a high-density residence with a total of 534 units housed within. All units are standard, similarly sized at 650 sf with 3 bedrooms and only 1 bathroom. Facilities offered at the residence is basic but sufficient, with parking bays within its compound. Others include a children’s playground, restaurants and a jogging track. 24-hour security is also provided.
The freehold homes at I-Park Apartment were extremely affordable when they were first launched, with prices beginning from just RM42,000. Within several years, prices have skyrocketed, with units for sale on the market beginning from RM195,000. Rental is also above average for units of their size, with rates of RM650 per month.
Amenities are not exactly within walking distance of I-Park Apartment, as most conveniences are some distance away. Nearby amenities requiring a quick drive include SK Bayan Lepas, the Straits International School, SMK Sungai Ara, SRJK(C) Chong Cheng, and SK Mutiara Perdana. Grocery needs can also be met with conveniences like the Sungai Ara and Desa Ria markets nearby while a Giant hypermarket at Bayan Baru is also close by.
Other commercial hubs within vicinity of the property are D’Piazza Mall and Sunshine Square. The Penang International Airport is also under 5 minutes away while the nearest hospital is Hospital Pantai Mutiara.
Situated off Jalan Sultan Azlan Shah, I-Park Apartment is accessible to and from other towns on the island via the aforementioned road, with the industrial zone of Bayan Lepas mere minutes from the residence. Other than that, access to the second Penang bridge is approximately 10 minutes away.
The main road of Jalan Dato Ismail Hashim where the apartment is situated along, also leads to the town of Bayan Baru. Other major roads nearby are Jalan Tun Dr. Awang, Jalan Permatang Damar Laut and the Tun Dr. Lim Chong Eu Expressway, with Georgetown situated under 30 minutes from the residence.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
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Shops / Malls
Nothing found within 10km
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Places of Worship
Nothing found within 10km
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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 (%) |
|---|---|---|---|---|---|
| I-Park Apartment | 2013 |
RM215,000
-
RM253,000
RM 330 psf - RM 377 psf |
RM650 - RM650 | NIL | 3.85 % |
| Setia Tri-Angle | 2015 |
RM430,000
-
RM1,088,888
RM 383 psf - RM 621 psf |
RM1,100 - RM1,100 | NIL | 2.81 % |
| Mont Tierra Residences | Oct 2014 |
RM1,080,000
-
RM1,150,000
RM 366 psf - RM 383 psf |
From RM2,000 | NIL | NIL |
| 35 Pearl Villas | Oct 2014 | From RM3,287,880 | RM2,000 - RM2,000 | NIL | NIL |
| Fiera Vista | 2014 |
RM610,000
-
RM6,100,000
RM 418 psf - RM 4,206 psf |
RM1,200 - RM1,200 | NIL | 0.61 % |
| Meridien Residence | 2014 |
RM510,000
-
RM950,000
RM 376 psf - RM 539 psf |
RM550 - RM550 | NIL | 1.52 % |
| One Residence | 2014 |
RM1,850,000
-
RM1,850,000
RM 616 psf - RM 740 psf |
RM1,900 - RM1,900 | NIL | 1.26 % |
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 | - | - | - |
| 1,000 - 1,500 SQ. FT | RM 488 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 452 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,500,000 psf | - |
| 4,000 SQ. FT and above | - | RM 3,300,000 psf | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 378 psf
Non Landed Properties
RM 131,955 psf
Landed Properties
RM 434 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 4,200 |
| Loan Amount ( 90 %) | RM 37,800 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(650 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.
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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