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House For Sale @ Taman Sri Nibong, Penang

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Taman Sri Nibong, Sungai Nibong

Taman Sri Nibong was originally made up of paddy fields and partly swampy areas before its development into what it is today, a picturesque living haven with mixed properties, mostly residential with some commercial. It is also home to the largest housing estate park in Penang, which is the pride and joy of its residents. This development is located near to other similar residential areas such as Taman Lip Sin, Taman Jerjak Indah and Taman Pantai Jerjak.

The residential estate is sitting on a 109 acre prime freehold land in a satellite town, which is a smaller metropolitan area which are located somewhat near to, but are mostly independent of, larger metropolitan areas. On that parcel of land, Taman Sri Nibong consists of 922 residential houses, 566 apartment units, 30 low-cost apartment units and 72 shop lots. With an estimated population of 5,470 people, the total built-up units which is numbered around 1,560 constructed from 1985 to 2001, is able to accommodate the growing population. Each phase has been carefully designed and built with aesthetic architectural designs along wide, tree-lined streets.

With an enviable location in Penang Island, where it is approximately 11.4 km from Magazine Circus (also known as the ‘Charing Cross’ of Penang due to it being the meeting point of 6 major roads in Georgetown), residents of Taman Sri Nibong are assured of plenty of various amenities to address all needs and wants. Educational institutions such as Kwang Hwa Primary School, Shih Chung (Primary) Branch School and SMK Sungai Nibong provide parents with choice schools to send their offspring to.

The nearest markets in Sungai Nibong would be the Lip Sin Market and Super Tanker Market which provides the grocery supplies for everyday needs. For a spot of retail therapy, residents can head on over to Queensbay Mall, located opposite the Tun Dr Lim Chong Eu Highway itself. In addition, there are also other malls which are located just a few minutes drive away such as Kristal Point, D’Avenue, Sunshine Square, Tesco Extra, Giant and BJ Complex. Petrol stations are aplenty and includes the Mobil station at Pantai Jerejak, the Caltex station and two Shell stations near the Bayan Baru Roundabout. The nearest hospital is the well-known Pantai Hospital in Bayan Baru.

Taman Sri Nibong is located in the heart of MSC Malaysia, Penang Cybercity and the the Bayan Lepas Industrial Park. It is also very near to the famous Penang Bridge, the international airport, the new bus terminal, the Penang branch of Intel and easily accessible to the all the best that the multitude of amenities have to offer, including some of the most delicious seafood in nearby seaside towns like Batu Maung and Gertak Sanggul. For increased convenience, the residents who do not own a mode of transport will be glad to know that Rapid Penang Bus 303, 304, 305, 306, 308, 401 and 705 pass through Sungai Nibong.

Property Details

  • Name: Taman Sri Nibong
  • Address: Tingkat Bukit Kecil 2
  • Type: Mixed Development
  • Tenure: Freehold
  • No. Units
    • Residential House: 922
    • Walk-up Apartment: 566
    • Low-cost Apartment: 30
    • Shop Lot: 72

Facilities:

  • Jogging tracks
  • Outdoor gym equipment
  • Children’s playground
  • Basketball and sepak takraw courts
  • Football field
  • Areas for open air activities

Market Trends

Taman Sri Nibong Average For Sale Price (PSF)AskingTrans...Dec 2011Mar 2012Jun 2012Nov 20120200400600800Price (PSF)

Analysis

The Taman Sri Nibong Residents’ Association which was founded in May 2000 is a body that was formed to organize activities for the residents’ benefit including security and safety. They offer a close-knit group of people who genuinely care for the overall well-being of each and every resident, ensuring that families who decide to move here will be welcomed and taken care of the neighborly community.

In addition, Taman Sri Nibong is considered to be an ideal neighborhood to stay for people who hold jobs in the Bayan Lepas Industrial Zone, though it is a bit far for residents who have careers in the city. However, the completion of the Jelutong Expressway has somewhat cut down on traveling time to the city.

The traffic condition is usually smooth along Jalan Sultan Azlan Shah, the main roadway that cuts through Sungai Nibong. The existence of the Bayan Lepas Elevated Highway further helps to reduce the congestion. Having said that, one exception to the rule is on Friday evenings, when the traffic slows to a crawl due to commuters heading towards the Penang Bridge north of Sungai Nibong, and the traffic lights at Jalan Sungai Dua, near USM. The junction at Jalan Aziz Ibrahim also experiences slow traffic on Wednesday nights when the Pasar Malam, which is held at Pantai Jerejak, is in session.


Source: propwall.my

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