Tree Residency is a new landed residence located in the vicinity of Sungai Ara, Penang. Developed by Ideal Property, this development offers 2-storey corner duplex, link duplex and twin villa houses which was completed in the year 2013. This freehold residence comes with a total of 316 units of houses which has built-up ranging between 2,280 sf and 3,005 sf. The entire project has a gross development value of RM315 million.In terms of layout, Tree Residency comes with three types for the corner duplex, three types for the link duplex and two types for the twin villas. The corner duplex offers either 5 + 2 rooms with 4 baths or 4 + 1 rooms with 4 baths, which comes in sizes of 2,440 sf, 2,730 sf and 3,005 sf respectively. The link duplex comes with either 4 rooms with 4 baths, 4 + 2 rooms with 4 baths or 5 + 1 rooms with 4 baths, which comes in sizes of 2,280 sf, 2,435 sf or 2,915 sf built-ups. The Twin Villa comes with 4 + 1 rooms with 4 baths, which has 2,730 sf or 3,005 sf built-up.Tree Residency also comes with facilities which provides maximum conveniences for its residence and among the facilities are 3 acres of recreational park, lush landscape, clubhouse, gated and guarded, 24-hour security, jogging track, badminton court, gymnasium, half size olympic pool and restaurants. Besides, Tree Residency is also surrounded by numerous amenities and among them are Penang International Airport, Pearl Island Country Club, SK Bayan Lepas, Complex Tabung Haji, Fairview International School, Seri Relau National School, Bukit Jambul Country Club, Queensbay Mall, Giant Hypermarket Bayan Baru, D'Piazza Mall, Hospital Pantai Mutiara, Penang International Sports Arena, Metropolitan Public Park and Sunshine Square.
Property Details
Name: Tree Residency Address: Off Jalan Mahkamah, One Residence, 11900 Sungai Ara, Penang Developer: Ideal Property Completion Date: 2013 Type: Corner Duplex, Link Duplex & Twin Villa Tenure: Freehold No. of Storey: 2 No. of Units: 316 No. of Bedrooms: 4 - (5+2) No. of Bathrooms: 4 Built-up: 2,280 - 3,005 sf Launch Price: From RM780,000 Subsale Price: Rental: Layouts
Corner Duplex Type A (2,440 sf) (5+2) rooms + 4 baths
Type B (2,730 sf) (4+1) rooms + 4 baths
Type C (3,005 sf) (4+1) rooms + 4 baths
Link Duplex Type D (2,280 sf) 4 rooms + 4 baths
Type E (2,435 sf) (4+2) rooms + 4 baths
Type F (2,915 sf) (5+1) rooms + 4 baths
Twin Villa Type G (2,730 sf) (4+1) rooms + 4 baths
Type H (3,005 sf) (4+1) rooms + 4 baths
Facilities
3 acres of recreational park Lush landscape Clubhouse Gated & guarded 24-hour security Jogging track Badminton court Gymnasium Half size Olympic pool RestaurantsAnalysis
Tree Residency was developed by Ideal Property, a firm which started as a property consulting firm in the year 1997 and ventured into property development industry in the year 2001. To date the firm had developed 1 Sky, 1 World, The Palazzia, Fiera Vista, Terrace Plus, Sathu Terraces, Dua Villas and The CEO. Currently, this unit comes with a rental price of RM2,500 for a unfurnished unit and a fully furnished unit can get a higher rental per month.Tree Residence was launched with a launch price which begin from RM780,000 and after its completion in 2013, this residence comes with a subsale price of RM120,000 and above. This residence are slightly over priced as it priced almost similar to a Klang Valley or Kuala Lumpur property. This residence is located closely to the airport and education institute which gives it a high rental yields and capital appreciation over time.
