Idaman Lavender 3 is a freehold apartment residence located in Sungai Ara, Penang. The apartment is made up of 2 blocks of 20-storey tall residential towers housing a total of 608 units, which is considerably high density.
The recently-completed homes of Idaman Lavender 3 are sized at a comfortable 750 sf with a standard layout of 3 bedrooms and 2 bathrooms. The homes are designed to cater to those within the mid-range income group, for individuals or small families to settle down in. The units are available on the market at subsale prices beginning from RM300,000 while rental is about RM750 per month.
Facilities provided to residents of Idaman Lavender 3 are basic but ample, with a covered car park, children’s playground, jogging track and a meeting room.
Located along Lilitan Sungai Ara, just off Jalan Dato Hashim, Idaman Lavender 3 is not exactly within walking distance to amenities. However, just a short drive away are commercial hubs where eateries, convenience stores and banks are available in the town centre of Sungai Ara and Relau. There are also several schools in the area, namely SK Sungai Ara, SJK (C) Chong Cheng, SJK (C) Min Sin and SK Seri Relau. Meanwhile, a Giant hypermarket and Queensbay Mall in Bayan Baru are also just minutes away.
Accessibility-wise, Idaman Lavender 3 is connected to the town of Bayan Lepas via Jalan Dato Ismail Hashim and Jalan Tun Dr. Awang while Bayan Baru can also be reached by Jalan Tun Dr. Awang. Jalan Sultan Azlan Shah and the Tun Dr. Lim Chong Eu Expressway are also accessible from the property, leading to Batu Maung, the second Penang bridge, Jelutong, the first Penang bridge and Georgetown further up north.
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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 3 | 0 |
RM295,000
-
RM395,000
RM 393 psf - RM 762 psf |
RM800 - RM800 | NIL | 3.13 % |
| 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 % |
| Olive Tree Residences | Dec 2015 |
RM730,000
-
RM1,200,000
RM 426 psf - RM 645 psf |
RM2,200 - RM2,200 | NIL | 3.09 % |
| Jambul Heights | Oct 2015 |
RM500,000
-
RM988,000
RM 349 psf - RM 495 psf |
RM2,800 - RM2,800 | NIL | 4.52 % |
| Sierra Residences | 2015 |
RM410,000
-
RM580,000
RM 395 psf - RM 577 psf |
RM950 - RM950 | NIL | 3.33 % |
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 499 psf | RM 485,000 psf | RM 410 psf |
| 1,000 - 1,500 SQ. FT | RM 460 psf | RM 472,500 psf | RM 714 psf |
| 1,500 - 2,500 SQ. FT | RM 463 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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