Medan Hikmat

Medan Hikmat is a freehold, medium cost apartment located in Jelutong, Penang. The development was completed in the year 2000. Other developments in the area include Casa Impian, Suria Mutiara and Taman Sri Bunga.There is one elongated block in Medan Hikmat, having seven storeys. All units are identical, coming in 3 bedrooms and 2 bathrooms over 750 sf. There is a large open parking area, some being sheltered by the building. There are no recreational facilities here, having only the necessity which is covered parking, and 24-hour security.Medan Hikmat is located quite a ways from the hotspots, therefore there are no malls in the vicinity. However, the surrounding areas do offer much in amenities as Jalan Jelutong houses numerous retail outlets, banks and eateries. The nearest hospital is the Lam Wah Ee Hospital located within walking distance should the need arise, approximately 1 kilometer away. There are also numerous schools within the vicinity of Medan Hikmat, including Han Chiang Private High, SMK Jelutong, SRJKC Kheng Tean, Convent Green Lane and Chung Ling High School. The area also offers excellent accessibility, being at the heart of Penang Island. It is the halfway point between Georgetown and Bayan Lepas, which are two major townships in Penang. Jalan Perak and Jalan Masjid Negeri allows for convenient access both towards the north and the south.

Property Details

Name: Medan Hikmat

Address: Block 22, Lorong Hijau Lima, 11600 Jelutong, Penang

Completion Date: 2000

Type: Apartment

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 7

No. of Units: 112

No. of Bedrooms: 3

No. of Bathrooms: 2

Built-up: 750

Maintenance Fee: RM100

Subsale Price: From RM329,000

Rental: From RM600

Layouts

Typical unit

3 bedrooms + 2 bathroom (750 sf)

Facilities

Covered parking

24-hour security

Market Trends

Analysis

There are only 112 units in this seven storey development, which is considered to be low-density given Penang's increasing land scarcity. It is located at a prime area, allowing for convenient traveling to all parts of the island due to the central location. Traffic on Jalan Perak is congested during peak hours, which is a commonly travelled road. Investment-wise, the location hasn't seen much appreciation compared to the rest of Penang.