Sri Bunga Raya is a walk-up apartment located in Tanjung Tokong of Penang, neighbouring Excel Court on Jalan Siput Lala. This is a freehold apartment that was completed in 2006 approximately 7 years ago. Its developer heretofore unrecorded. Being a walk up apartment, Sri Bunga Raya is expectedly a low rise at only 4 storeys high. Density is extremely low with only 12 units available in the entire 1 block making it out to about 4 units to a floor. Built ups are snug at 800 sf per unit, with 3 bedrooms and 2 bathrooms. Units for sale are highly limited, and the last seen offer for sale was for RM347,000 a unit, and rental here is RM1,700 per month.As expected, all the units here at Sri Bunga Raya were previously tenanted. This being the case, units for rent are fully furnished whilst the unit that appeared for sale was partially furnished with kitchen cabinets, hoods hobs and assorted furniture such as built in wardrobes. Facilities are non-existent, residents are only provided a covered parking bay where each unit is allocated 1 parking lot. At the very least however, the management provides security with the 24-hour security.Inasmuch as facilities are scarce, the location of Sri Bunga Raya is fantastic. They are set extremely close to the haven of food, Georgetown and Gurney Drive. Besides abundant eateries there are also numerous education institutions in the vicinity such as the Phor Tay Private High School, SJKC Phor Tay and SJKC HunBin; as well as medical centres and banks. The Island Plaza and Metrojaya is a mere 10 minutes drive away while Gurney Plaza is only 20 minutes away by car. The main road that connects the residents of Sri Bunga Raya to the heart of Penang is Jalan Tanjung Tokong which connects to Jalan Kelawei and Persiaran Gurney. On the other side of their home is Jalan Mount Erskine which connects to Jalan Burma, another heavily travelled main road that leads to the city. Public transportation is convenient as the Tanjung Bungah Rapid Penang bus hub is only approximately 3 kilometres away whilst the Farquhar Street taxi stand and Komtar bus terminal is approximately 5 kilometres away.
Property Details
Name: Sri Bunga Raya Address: Jalan Siput Lala, Tanjung Tokong, 10470 Georgetown, Penang Completion Date: 2006 Type: Apartment Tenure: Freehold No. of Blocks: 1 No. of Storey: 4 No. of Units: 12 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 800 sf Subsale Price: From RM347,000 Rental: From RM1,700Facilities
Parking bay 24-hour securityMarket Trends
Latest transaction in Sri Bunga Raya, Tanjung Tokong
| SPA Date |
Address |
Size |
Price |
| 06/06/2012 |
X-X-X, Jalan Siput Lala, Tanjung Tokong |
742 ft2 |
335000 |
Analysis
Sri Bunga Raya is a quaint home, and is pleasing to the eyes. However residents will need to contend with the usual traffic congestion that is now the norm in Penang. Living this close to the city has its pros and cons; the pros being the proximity to all necessities and the cons definitely the notorious peak hour traffic. The neighbourhood is situated in is gradually coming up due to developer's interest in this area that is sea fronting yet close to the city. As such property prices will be increasing; a boon for those who bought their homes here years ago before the property boom in Penang.As an investment, Sri Bunga Raya looks ideal as it appears to be well maintained unlike other medium low cost walk up apartments. As such it is suitable for families, and families will certainly appreciate the close knit community that undoubtedly exists as can only be formed coming from having only 12 families or occupants in the whole development.
