Seri Nilam is a medium-cost apartment block nestled in Bayan Baru, a township in the South East side of the Penang Island. The apartment consists only of one block and houses a total of 90 units. Located on freehold land, Seri Nilam offers built-up sizes from about 700 sf to 1,100 sf and in a configuration of 3 bedrooms and 2 bathrooms. All units are given one carpark each. A plus point to it’s design is that although it is only in one block, the units are arranged in somewhat like a semi-d concept. All units have clear corners, thereby providing a little more privacy.Like any medium cost apartments in Malaysia, facilities are kept to a basic level in order to keep monthly service charges at a minimum. In Seri Nilam, two notable facilities are provided for; first being a playground and second, 24 hours security.Where Seri Nilam lacks in is facilities, this is more than made up for by the available amenities surrounding it. Seri Nilam directly faces the PISA Stadium (Penang International Sports Arena) which houses futsal courts and swimming facilities. Residents are also spoilt for choice when looking for places to dine, shop and relax. There is the Sunshine Square, Bukit Jambul Kompleks, Giant, Tesco Extra and Queensbay Mall within their reach. Sunshine Square for example is only 1km away from them or rather, 20 minutes by foot.Other basic but important amenities like schools, hospital, banks, petrol stations, police and fire stations are also in close proximity, providing residents convenience and peace of mind. Being located in such a central location has further perks.It enjoys a good support of transportation links. There is the Bayan Baru Penang Rapid Bus Hub approximately 0.8km from Seri Nilam where it can ferry residents to KOMTAR in Georgetown within 15 minutes. Gurney Drive is also approximately 20 minutes away by car. The Penang Bridge is 12 km away via the Jalan Mahsuri and the airport is 5km away via Jalan Tengah.
Property Details
Name: Seri Nilam Address: Bayan Baru, Penang Developer: Sri Tunas Sdn Bhd Type: Apartment Tenure: Freehold No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 700 - 1,100 sf Subsale Price: Rental: Facilities
Playground 24 hours security Car ParkingAnalysis
Seri Nilam was developed by Sri Tunas Sdn Bhd, a subsidiary of Koperasi Tunas Muda Sungai Ara. Sri Tunas' core activities are in construction. To date, they have completed in excess of RM150 million worth of construction works in civil engineering, housing and commercial development. Their forte to date is still within the medium cost development sector.Bayan Baru in which Seri Nilam resides in is on an uptrend. It is located next to the Bayan Lepas Free Trade Zone. It is also part of Penang's planning for Cybercity Phase 1 in which the Suntech@Penang Cybercity is located in. Along with this, amenities are aplenty and complete in Bayan Baru. New developments can be seen mushrooming in the vicinity. With this, those that bought units will see its units rise in capital appreciation in accordance with its surrounding.
