The Bayu is a freehold apartment located on the island of Penang in Tanjung Tokong. It is located on the same row as Excel Court, Villa Saujana and City Residence, along the north east part of the coast. It was completed in 2008 approximately 5 years ago, therefore it is relatively new. Its developer and completion date is unknown and unrecorded. The Bayu is a low rise building at a mere 5-storey tall, and it is purported to have 216 units which places it as a very high density home with approximately 43 units to a floor. The built ups range between 700 sf to 1,400 sf and all them have a standard number of 3 bedrooms and 2 bathrooms. There are very few units for sale that can be found; the cheapest one of them is RM380,000 for the smallest unit while rental starts from RM1,200 a month for a fully furnished unit. Whilst the apartment is quite new, all the units at The Bayu have been tenanted before. Therefore, the units for rent are generally fully furnished or otherwise partially furnished with all the necessities such as kitchen cabinets, sofas and dining tables. The only unit registered for sale at the moment is unfurnished. Although it has the same price range of Excel Court, The Bayu offers facilities; something that the aforementioned apartment does not provide. Residents will have use of a barbecue area and a gymnasium. There is also half a basketball court, a beautiful landscaped garden and although it is a low rise, there are lifts to ferry residents to the higher floors. Residents undoubtedly chose this place as their home because of its location which places them mere minutes away from Gurney Drive and Georgetown; the heart of Penang where banks, eateries, medical centres, schools, convenience stores, petrol stations, shopping malls and everything else they need including petrol stations is located. The main road that serves the residents of The Bayu is the Jalan Tanjong Tokong which connects to Jalan Bagan Jermal, Jalan Kelawei and the Gurney roundabout; main roads that connect them to the whole island. On the other hand commuters will not find travelling so convenient as the closest major bus station, the Tanjung Bungah Rapid Penang bus hub is approximately 3 kilometres away. However if they do not mind, they could easily catch a cab on the main road.
Property Details
Name: The Bayu Address: Jalan Siput Lala, 10470 Tanjung Tokong, Penang Completion Date: 2008 Type: Apartment Tenure: Freehold No. of Blocks: 1 No. of Storey: 5 No. of Units: 216 No. of Bedrooms: 3 - 4 No. of Bathrooms: 2 Built-up: From 700 sf Subsale Price: Rental: Facilities
Barbecue area Gymnasium Half basketball court Landscaped garden Children's playgroundAnalysis
Staying close to the heart of Penang comes with its own perils; the traffic congestion that residents of The Bayu are bound to face every single day during peak hours. As Penang has been developing rapidly over the past few years after its prosperity due to the change of its ruling party, the traffic situation has been declining severely and many measures are being taken to improve the traffic.What was previously a small fishing village, the area is gradually transforming into a hub of activity and development due to its proximity to the city and its much sought after sea views. Because of this many high end residences are being planned in this area, pushing up the price of the current homes in the area.As an investment, The Bayu is bound to increase in price as it appears to be well maintained and is in a much favoured location and is estimated to be highly sought after in the future. As a home it is also suitable if one does not mind the high number of people staying here. First time buyers might find a sweet deal here that is suitable to their needs.
