Sierra Residences is an upcoming new development in the enclave of Sungai Ara, Penang. Developed by GSD Land, this freehold condominium comes with a sum of 300 residential units. Estimated to complete by 2015, this 25-storey building has a launch price which begins from RM260,000. When the property was launched in 2011, the selling price increased to RM280,000 just within few days due to its high demand. Sierra Residences comes with 3 types of layouts, whereby all layouts comes with 3 bedrooms, 2 bathrooms and only differ in terms of built-up. Type A is the biggest unit among all with a built-up of 1,182 sf; Type B comes with the built-up of 1,000 sf; Type C is the smallest unit with 900 sf built-up. This residence comes with all basic condo facilities. Among the facilities which are available for the tenants are covered car park, barbecue area, gymnasium, multi-purpose hall, swimming pool, wading pool, nursery, 24-hour security, tennis court, squash court, mini market, covered parking, playground, jogging track and balcony / patio.Furthermore, Sierra Residences is also located nearby to Sungai Ara Primary School, Chong Cheng Primary School, Fairview International School, Seri Relau National School, Min Sin Primary School, Bukit Jambul Country Club, Penang International Airport, Queensbay Mall, University Sains Malaysia, Penang Bridge, Giant Hypermarket Bayan Baru, D'Piazza Mall, Hospital Pantai Mutiara, Penang International Sports Arena, Hotel Equatorial, Metropolitan Public Park and Sunshine Square. This development is also accessible via Tun Dr Lim Chong Eu Highway, Jalan Paya Terubong, Jalan Tun Sardon, Jalan Tun Dr Awang dan Jalan Dati Ismail Hashim.
Property Details
Name: Sierra Residences Address: Sungai Ara, Penang Developer: GSD Land Completion Date: 2015 (estimate) Type: Condominium Tenure: Freehold No. of Storey: 25 No. of Units: 300 Built-up: 900 – 1,182 sf Launch Price: From RM280,000Layouts
Type A (1,182 sf) 3 rooms + 2 baths Type B (1,000 sf) 3 rooms + 2 baths Type C (900 sf) 3 rooms + 2 bathsFacilities
Covered car park Barbecue area Gymnasium Multi-purpose hall Swimming pool Wading pool Nursery 24-hour security Tennis court Squash court Mini market Covered parking Playground Jogging track Balcony / patioAnalysis
Sierra Residences is a medium and high end condominium developed by GSD Land, a firm which also developed other on-going property projects namely Gardens Ville, Summerton Condominium, and Skycube Residence. There are numerous other high rise projects being developed in this vicinity and it's obvious that this place are attracting quite a number of developers.Sierra Residences has a good potential to grow as it's located merely 10 minutes drive away from University Sains Malaysia, The Penang International Airport, Penang Bridge and Queensbay Mall. It's close location to Penang Bridge gives high advantage as people would just go for the property merely for the enchanting bridge view. Besides, investors should also note that this residence is located quite close to education institutes, airport and mall, and would have a good capital appreciation over time.
