Krystal Villa apartment is set on prime freehold land in Sungai Nibong. It is a mere 5 minute drive from the well known Industrial Area of Bayan Lepas and only 10 minutes away from the famous Penang Bridge. It is a well-established apartment project that exudes all the old world charm and style. The neighboring apartment blocks that can be found in the vicinity are Krystal Court and Krystal Idaman.This property consists of a 9 storey apartment block and has a total of 107 units, making it one of the low density developments with a freehold status which is getting rare in Penang, considering that land is now scarce and therefore precious. Every unit of this apartment has a built-up area of 850 sf and is quite spacious with 3 bedrooms and 2 bathrooms. The project has only 15 units per floor.There are a quite a number of hypermarkets and shopping malls which are located within close proximity to Krystal Villa area to cater to the needs of the residents. They include Giant, Tesco, Bukit Jambul Complex, Queensbay Mall and Sunshine Square. For residents who are parents, there are of course a few educational institutions to send the children to. The primary and secondary schools of Sungai Nibong, Sekolah Kebangsaan Bayan Baru, SJK (C) Kwang Hwa and SJK (C) Shih Chung are all situated within easy reach of the condo.Krystal Villa has a good location which is just behind the Krystal Point Corporate Park in Bayan Baru and straddling the areas surrounding the Penang Bridge, Penang International Airport, Bayan Lepas Industrial Zone, Penang International Sport Arena (PISA) as well as University Sains Malaysia. Residents who work in the Bayan Lepas Industrial Zone need only drive 5 minutes down to reach work whilst the Penang Bridge is a 10 minute drive away.Being sited in a good location gives the residents of Krystal Villa an opportunity to be able to enjoy public transportation services that are provided in well-established and busy neighborhoods. There is the taxi station of the Bukit Jambul Complex as well as that of Sungai Nibong's. There is also the Sungai Nibong Express Bus Terminal. Put together, it allows for residents who are not in possession of their own mode of transport to be able to travel around much more conveniently and places will be within easier reach.
Property Details
Name: Krystal Villa Address: 303 Krystal Villa, Jalan Sultan Azlan Shah, Penang Completion Date: 1999 Type: Apartment Tenure: Freehold No. of Blocks: 1 No. of Storey: 9 No. of Units: 107 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: Approximately 850 sf Subsale Price: Rental: Facilities
24 hour security CCTV surveillance Covered car parks Swimming pool Gymnasium Badminton courtMarket Trends
Latest transaction in Krystal Villa, Sungai Nibong
SPA Date |
Address |
Size |
Price |
12/06/2012 |
X, Gerbang Bukit Kecil X, Sungai Nibong |
1420 ft2 |
588000 |
12/04/2012 |
X, Gerbang Bukit Kecil X, Sungai Nibong |
1727 ft2 |
550000 |
Analysis
The Krystal Villa condominium is one of the few properties remaining that stands on freehold land and also allows for access to many places of interest such as popular shopping malls, the famous Pulau Jerejak, the bustling industrial areas as well as being within a few minutes drive to the capital city, Georgetown. Since Penang is a smallish island, land is scarce with the booming population growth and with expatriates going to live in the island. As such, reclamation works take place in order to gain more land for accommodating the citizens and the prices for properties are also soaring to reflect the increasing demand for land. Since Krystal Villa has already been developed and established on the original land, it is more solid and less prone to soil corrosion.