Arena Residence is one half of The Arena mixed development project by Golden Virtue Capital. The other half is Arena Curve, designed to be retail shops. Located in Bayan Baru, the development is expected to be a thriving business hub and residence-in-demand.Arena Residence overall layout was inspired by ancient Roman amphitheatre. The building put emphasis on practicality in the design. Nevertheless, they still aspire to have an awe-inspiring visual monument of Bayan Baru landmark with this property. Each storey has six units, with four layout designs to choose from. Each unit is made of four bedrooms and two bathrooms.Among the facilities Arena Residence offer are a swimming pool, a gymnasium, a barbecue area and a landscape garden. The building is adjacent to Arena Curve. Arena Curve is promised to attract the best food and beverage, financial services, fashion, retail, beauty and leisure outlets. Arena Residence is within walking distance to Penang International Sports Arena and Subterranean Penang International Conference and Exhibition (sPICE). There is also Uptown Bayan Baru developing 5-minute walk away.
Property Details
Name: Arena Residence Address: Bayan Baru, 11950, Penang Developer: Golden Virtue Capital Completion Date: 2015 (estimate) Type: Condominium Tenure: Freehold No. of Blocks: 1 No. of Storey: 19 No. of Units: 114 No. of Bedrooms: 4 No. of Bathrooms: 2 Built-up: 1,250 – 1,450 sf Launch Price: RM430,000Facilities
Gymnasium Barbecue area Parking Swimming poolAnalysis
The Arena Residence is a promising property to own due to its prime location. The prices for the residential units have increased since its launch. The piling works have started in March 2013. So far, no complaints have been filed by the buyers to the developer. Many investors are excited for the nearby 2-storey bus interchange station that is taking place. Other selling points for Arena Residence are Pantai Mutiara Hospital, Mayang Mall and One Precint. Government primary schools and Bayan Baru fire-fighter station are within short driving distance as well.Mixed development concepts certainly have their strength and weaknesses. The commercial area will definitely attract crowds; banks, retail, restaurants and leisure outlets. Combine with the bus interchange, be prepared to live in a lively and boisterous area if you are buying the property.
