Mayang Apartment

Mayang Apartment is a medium cost leasehold apartment located in Bayan Baru, Penang. It is located on the southern part of the island, approximately 8 minutes away from the Penang International Airport. The main hub of business, Georgetown, is only 7 minutes away while the Penang Bridge is almost equally as far at an 8 minutes drive.Mayang Apartment is a 10-storey flat, which consists of two separate blocks. Each unit here is an average of 932 sf in built up, and is highly suitable for a small to medium family with 3 bedrooms and 2 bathrooms. Prices of these homes have increased drastically in the previous years due to its excellent location, and now ranges between RM200,000 to RM280,000.Mayang Apartment is one of the older developments of Bayan Baru, and as such is a fully occupied high rise. All the units that are being sold now are pre-owned, and are at least partially furnished upon sale of the unit. Buyers can usually expect kitchens that already have in-built cabinets, hoods and hobs, while most of the bedrooms already have air-conditioners while the bathrooms are equipped with water heaters. Light and fan fixtures are the norm as well. Mayang Apartment was originally targeted toward the lower and the lower middle income group, therefore, the facilities offered are limited. Within the premises is a playground for the children and a jogging track for the adults, as well as a landscaped garden to accentuate the beauty of the gardens, while safety is assured with the 24-hour security.Mayang Apartment is well located. It is close to a variety of mini marts, while the hypermarket that serves the area is Giant and Tesco. Popular eateries and restaurants surround the area as well, along with several primary and secondary schools of good reputation. The closest major shopping malls are Sunshine Square and Queensbay Mall. There is a surau just opposite the apartments, and the closest school is SK Seri Permai which is literally beside the apartment.The closest medical centre to Mayang Apartment is the Penang Pantai Hospital which is only 2 minutes away from home, while a variety of local banks such as BSN, Bank Islam, Maybank and Public Bank serve the residents within a 1.5 kilometres radius. The closest morning market is the Desa Mayang Market, whereby the famous daily Air Itam wet market is only a 15-minute drive away from home.Mayang Apartment is located just off the main road of Jalan Mayang Pasir, which provides easy access to Jalan Sultan Azlan Shah; the main trunk road that connects to Jalan Tun Dr. Awang and the Tun Dr. Lim Chong Eu Highway. Public transportation is easy to get on the main road of Jalan Mayang Pasir, where busses number 303 and 307 from Rapid Penang passes through.

Property Details

Name: Mayang Apartment

Address: Jalan Mayang Pasir, 11900 Bayan Lepas, Penang

Type: Apartment

Tenure: Leasehold

No. of Blocks: 2

No. of Storey: 10

No. of Bedrooms: 3

No. of Bathrooms: 2

Built-up: 932 sf

Maintenance Fee: RM150

Subsale Price: From RM200,000

Rental: From RM900

Facilities

Landscaped gardens

Jogging track

Playground

24-hour security

Covered car park

Market Trends

Analysis

Mayang Apartment is one of the older developments in Penang that has enjoyed an increase in property value since the property boom on the island in the recent years. Development has been heavy, and residents have also been victims of the massive traffic congestion during peak hours, especially at the Jalan Tengah traffic lights which is the connecting main trunk road to Jalan Sultan Azlan Shah.The area surrounding Mayang Apartment is filled with educational hubs, business hubs and by other apartments such as the Kampung Gedung Apartment. As such, the neighbourhood is promised to always be busy with a 7 am wake up call from the neighbouring school bell and heavy traffic from the Caltex petrol station in front of the apartment. Those of the Malay nationality will however appreciate living opposite the surau, which is within minutes walking distance.Against all odds, Mayang Apartment which is a leasehold property is appearing to be a good investment. Prices of the apartment have been appreciating steadily despite its worn out exterior, probably due to its proximity to the only airport in the state, as well as its proximity to the city centre and its excellent location within easy reach of all amenities. Although it is a good investment, staying here may get a little noisy and hectic for those who prefer a peaceful day-to-day life.