Sri Perdana

Sri Perdana is a freehold condominium in Penang set along Jalan Sultan Ahmad Shah, minutes away from Gurney Drive. The building was completed in 1996, placing it at approximately 17 years old; it is an aged but rather well maintained condominium. As with the older buildings in Penang, the developer is unrecorded.The Sri Perdana condominium has only got 1 block, and is 30 storeys tall. With a total of 148 units there is only approximately 4 to 5 units a floor. With 3 lifts serving the condominium, rush hour human traffic is smooth. The units sizes here are approximately 900 sf per unit with 3 bedrooms and 2 bathrooms. Prices at this high rise starts from RM590,000 while rental starts from RM1,650 per month. All the units have at one time or another belonged to somebody, so most of the units on sale are at least partially furnished with the basics of water heaters, kitchen hoods and hobs. Some of the units are also furnished with air-conditioners as well. All the units have balconies with some overlooking the sea and others looking over the landscape. Sri Perdana is very well equipped with numerous facilities. Besides the multilevel parking bays with car wash bays where each unit is allocated 1 spot and the 24-hour security, there is also the swimming pool, squash, tennis and badminton court, the table tennis room, reading room, conference room, community hall and games room. Residents will also get to relax at the landscaped garden or further exercise at the gymnasium and de-stress at the sauna later. Set in a prestigious area within minutes from the Batu Ferringhi beaches, Gurney Drive and beside the MBF Tower, Sri Perdana is close to many culinary delights, shops and cafés. Across the road from the condominium is the Wawasan Open University, and within short driving distance is SJK Union and SMK Westlands; both schools with good reputations. Sri Perdana is served by Jalan Sultan Ahmad Shah, a main road that runs directly into Georgetown the capital of Penang. The Farquhar taxi stand and Komtar bus terminal is approximately 1.5 km away while the alternative Weld Quay taxi stand is approximately. 2.5 km away.

Property Details

Name: Sri Perdana

Address: Jalan Sultan Ahmad Shah, 10050 Georgetown, Penang

Completion Date: 1996

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 30

No. of Units: 148

No. of Bedrooms: 3

No. of Bathrooms: 2

Built-up: From 900 sf

Subsale Price:

Rental:

Facilities

Multilevel parking bay

24-hour security

Swimming pool

Squash court

Tennis court

Badminton court

Table tennis room

Reading room

Conference room

Community hall

Games room

Landscaped garden

Gymnasium

Sauna

Market Trends

Analysis

Residents of Sri Perdana should expect heavy traffic daily during peak hours as they are set close to many busy main roads. Traffic from Pulau Tikus, Jalan Burma, Jalan Pangkor and Jalan Kelawei are heavy every evening, and the Penang Island Municipal Council has very recently in July 2013 approved a few road diversions in an attempt to improve the traffic on the island during peak hours. The older residents of Sri Perdana are very fortunate as they would have bought their homes at very reasonably prices before the property boom in Penang. Prices at this condominium has been increasing steadily since 2009, due to its increasingly prestigious location. In 2009 in the midst of the economic crisis, a fully furnished and renovated unit only cost RM280,000. In 2013 four years later now, the lowest price for a unit is RM590,000.Sri Perdana shows much promise as an investment as can be seen on the past trend. As more new developments come up, prices at this condominium will increase; as it is this is one of the lowest priced condominiums in the area that offers sea views. As an own home this condominium is a good choice as it is very well maintained, well located and is aesthetically pleasing.