Seri Orkid Apartment is a low-density apartment located in Butterworth, Penang. The apartment consists of a tower block that is 11 storeys high, and is also a low-cost apartment in nature. The apartment units average a built-up of 880 sf, and comes with 3 bedrooms and 2 bathrooms, suitable for young adults, working adults, and those with small families.
A 24-hour security system is the only addition to facilities within the apartment. This is due to the nature of older apartment complexes, mainly serving the purpose as a roof above one’s head. Despite the slight disadvantage, it does its job as a basic abode, and its security system is rather reliable. On top of that, Seri Orkid is nestled in a predominantly residential area, hence a more quiet surrounding.
Located off Jalan Thamby Kecil, Seri Orkid Apartment has the advantage of being close to the Bagan Ajam’s town centre, where most of the amenities in the area can be found. Within walking distance from the residences is a commercial area, where tenants can find banks, restaurants, pharmacies, service centres, offices and workshops.
Apartment residents will also enjoy a sea view thanks to its location along the coast, while Pantai Bersih is only a short drive away. This is also an added advantage for investors, as the units can be converted into tourist accommodations. Over at the Pantai Bersih area, residents will also be able to find a number of seafood restaurants and a commercial area which also houses a mini mart, where tenants can go to for groceries.
Seri Orkid Apartment can be reached easily via the Butterworth Outer Ring Road (BORR), which stretches throughout the district. Although traffic can be a problem due to it’s proximity to the town centre, there are trunk roads that can be used to avoid it. The highway also connects to the Butterworth-Kulim Highway, as well as the two Penang bridges, making travelling throughout the state a convenient one.
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Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Seri Orkid Apartment | 0 |
RM380,000
-
RM380,000
RM 203 psf - RM 203 psf |
NIL | NIL | NIL |
| Orange 3 | 2016 |
RM435,000
-
RM485,000
RM 326 psf - RM 363 psf |
RM1,200 - RM1,200 | NIL | 3.72 % |
| Mandarin Quarter | Mar 2012 | From RM680,000 | NIL | NIL | NIL |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 495,000 psf | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 22,000 |
| Loan Amount ( 90 %) | RM 198,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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