Sri Golden Bay

Sri Golden Bay is a beachfront low density condominium in Tanjung Bungah. This exclusive residence neighbors Pearl View, Diamond Villa and Horizon Tower. It is a development by Giant Resorts (Tanjung) Sdn Bhd.Completed in 1998, Sri Golden Bay comprises of 2 blocks of 20 and 22 storey towers that consist of a total of 79 units with only 2 units per floor. There are 2 typical layouts available, with built-ups approximately 2,200 sf and 2,880 sf with 3 and 4 bedrooms. At the top floor, there is a penthouse with approximately 5,600 sf built-up size. Located right in the middle of Batu Ferringhi tourist belt and Georgetown city centre, residents of Sri Golden Bay enjoy vast array of amenities nearby. Next to the condominium is Penang Swimming Club. There are several amenities along Jalan Tanjung Bungah, including a post office, a Maybank branch, and restaurants. Education institutions located near Sri Golden Bay are SJK © Hun Bin, SMK Teluk Bahang, Cherie Hearts International Pre-School Academy and College General Catholic Seminary. It is also near to Mount Miriam Cancer Hospital and 3.7km away from Penang Adventist Hospital. For recreational and sports amenities, Sri Golden Bay is 6.6km to the famous Penang Turf Club that established since 1864, and 4km to Botanical Gardens. And for the ladies, there are numerous shopping centres towards George Town city centre including Island Plaza, Tesco Tanjung Tokong and Gurney Plaza.

Property Details

Name: Sri Golden Bay

Address: Jalan Tanjung Bungah, 11200 Tanjung Bungah, Penang

Developer: Giant Resorts (Tanjung) Sdn Bhd

Completion Date: 1998

Type: Condominium

Tenure: Freehold

No. of Storey: 20 & 22

No. of Units: 79

No. of Bedrooms: 3 - 4+1

No. of Bathrooms: 2 - 3

Built-up: 2,200 sf & 2,880 sf

Maintenance Fee: RM0.18 psf

Subsale Price:

Rental:

Facilities

24-hour security

Multi-storey car park

Landscaped garden

Swimming pool

Gymnasium

Jacuzzi

Market Trends

Analysis

Every unit of Sri Golden Bay commands breath-taking view of the sea. With its spacious balcony, you will definitely enjoy spectacular view of sun rise and dawn right from your own balcony. And your kids would definitely enjoy strolling and playing along the beach every time they want to. This is definitely a great place to stay. In terms of investment, the price of Sri Golden Bay is very high and not affordable for most locals due to its large built-ups. It can be easily affected by economic situation. However, due to good response to MM2H, a lot of foreigners (mostly Singaporeans) have bought Sri Golden Bay for own stay and retirement purpose. The price has raised from about RM1.75 million in 2009 to RM2.2 million in 2011.