I-Park Apartment is a recently completed low-cost development located in the vicinity of Sungai Ara, Penang. This residence was completed on March 2014 and was developed by Ideal Property. Consisting a single massive tower which has 16 storeys, this high-dense residence offers a total of 534 units. Furthermore, I-Park Apartment comes with a single layout which has built-up as small as 650 sf and all units in this residence come with 3 bedrooms and 1 bathroom. There are also several facilities available in this vicinity which provides conveniences for the residents, which includes restaurants, mini marts, jogging track, children’s playground and 24-hour security. There are also myriad of amenities situated closely to I-Park Apartment and among them are Sungai Ara Primary School, Chong Cheng Primary School, Fairview International School, Seri Relau National School, Min Sin Primary School, Bukit Jambul Country Club, Queensbay Mall, University Sains Malaysia, Giant Hypermarket Bayan Baru, D'Piazza Mall, Hospital Pantai Mutiara, Penang International Sports Arena, Hotel Equatorial, Metropolitan Public Park and Sunshine Square. Besides that, I-Park Apartment also has easy accessibility via roads and highways namely Jalan Fettess, Persiaran Relau, Jalan Dato Ismail Hashim, Jalan Paya Terubong, Jalan Tun Dr Awang, Jalan Tun Sardon and Tun Dr Lim Chong Eu Highway. This apartment is also located merely minutes away from the First Penang Bridge, Second Penang Bridge and the Penang International Airport, which easily connects to the Penang Mainland, as well as provides domestic and international transportation.
Property Details
Name: I-Park Apartment Address: Jalan Dato Ismail Hashim, 11900 Sungai Ara, Penang Developer: Ideal Property Completion Date: 2014 Type: Apartment Tenure: Freehold No. of Block: 1 No. of Storey: 16 No. of Units: 534 No. of Bedrooms: 3 No. of Bathrooms: 1 Built-up: 650 sf Launch Price: From RM42,000 Subsale Price: From RM60,000 Rental: From RM400Layouts
Standard 3 bedrooms + 1 bathroom (650 sf)Facilities
Restaurants Mini mart Jogging track Children’s playground 24-hour securityAnalysis
I-Park Apartment is a low cost development located in the area of Penang Island and this residence was recently completed for the lower income citizens. This residence was completed and sold for the price of RM42,000 in March 2014 and currently one of the units has a subsale price of RM60,000. An auctioned unit in this residence should be priced approximately from RM30,000 onwards. Furthermore, the units in I-Park Apartment can be rented out for RM400 or more for a fully furnished unit and a non-furnished unit should be priced slightly less. The rental value for this residence is high as it is located just driving distance away from University Sains Malaysia, as well as the First and Second Penang Bridge. Overall this is a nice apartment to stay as it is located just minutes away from ample of amenities and it would be suitable for residents whom are looking for shelter with a very low budget.
