Sri Saujana Apartment is a leasehold apartment located in Georgetown, Penang along the Lebuhraya Macallum. It is a medium low cost flat that neighbours the PDC Flat and Pelangi Apartment. Its completion date is unknown, although if its exterior is an indication of its age, it is still very new. The developer of this apartment is PLB Land.Density here is quite high with 3 blocks and 2,208 units. At 23 storeys tall, it has approximately 32 units to a floor for each block, while the ground floor of these apartments are shop lots. These homes do not offer much in terms of space, with only 646 sf housing 3 bedrooms and 2 bathrooms. The launch price for Sri Saujana Apartment was RM75,000 for a 646 sf unit. However prices have inflated and the lowest selling price that can now be found is whopping RM180,000 while rental is still reasonable at RM650 for a semi furnished unit.Many of the units were previously occupied, therefore many of them have had minor renovations done on them to enhance the unit's safety and basically make the home more liveable. Some of the units have had grills, ceiling fans and lightings installed while just as many units are being sold unfurnished. It is just a basic home with no refinery or tinsels to make it more attractive; however it does come with basic facilities such as open recreation areas, multipurpose halls and covered parking. There are 6 lifts to a block, and safety is quite good with CCTV security camera surveillance and 24-hour security guards. Being set in the heart of Georgetown, Sri Saujana Apartment is a stone's throw away from everything. Behind these apartments is the Pasar Borong Pulau Mutiara, and around the corner is a wet market. There are 4 schools which are within walking distance from the apartment, namely SJK Beng Teik, SJKC Eng Chuan, SJKC Li Tek and SJKC Sum Min. Banks, eateries, medical centres, shopping malls and everything are all only a short distance away. It is easily accessible via many main roads such as Jalan Gurdwara, Jalan CY Choy, Jalan Magazine and Jalan Brick Klin. Almost all the Rapid Penang busses pass through the area and taxis are a constant affair here. The developer boasts that the development is next to the future proposed MRT and LRT hub as well.
Property Details
Name: Sri Saujana Apartment Address: 10300 Georgetown, Penang Developer: PLB Land Type: Apartment Tenure: Leasehold No. of Blocks: 3 No. of Storey: 23 No. of Units: 2,208 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 646 sf Launch Price: RM75,000 Subsale Price: Rental: Facilities
Recreation areas Multipurpose halls Covered parking CCTV security surveillance system 24-hour securityAnalysis
PLB Land is a developer that mainly focuses its developments in Penang. Amongst its past projects were Prestige V in Batu Maung, Taman Cendana in Juru and Taman Cendana also in Juru. Their current project is the much anticipated Sungai Nibong Residences, and they have even more projects in the pipeline. From previous records it can be seen that this is a much trusted and reliable developer. As per their mission, they provide affordable homes for the people and in rather good locations as well. Sri Saujana Apartment is a fine example; a medium low cost home that sits on prime location and yet was extremely affordable during its launch at only RM75,000. Traffic congestion will be a daily affair for residents at Sri Saujana Apartment, however considering their location they might not even need to drive to work at all, they could just take a walk or take a bus. It is to be noted that the neighbourhood caters mostly to the lower income group. Although Sri Saujana Apartment does not have much to offer in terms of facilities, it has much to offer in terms of its location, probably the reason why its price has increased from RM75,000 during its launch to RM180,000 now. However if it increases anymore, nobody will be interested in buying it as paying anything more than RM200,000 for a 650 sf apartment is not justifiable. Therefore as an investment it would be rather rocky and is probably going to; or maybe it has already hit its ceiling price. However first time home buyers might be interested in getting a unit here if only for the location.
