Maldives Residences Penang
Maldives Residences by Ideal Property Group
You’ll find: Layout, floor plan, facilities and details of this properties, including prices for sale & rent and most importantly our review for Maldives Residences.
Table of Contents
Maldives Residences Penang LOCATION
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Who is the developer? – Ideal Property Group
Maldives Residences, another affordable residential development by Ideal Property Group at Bayan Lepas. It is connected to Jalan Tun Dr Awang and less than 2km away from Penang International Airport. Nearby projects / building include Havana Beach Residences, Tree Sparina, The Amarene, Summerskye Residences, Lucerne Residences, The Clovers, and etc. SMJK Heng Ee Secondary School (Bayan Baru branch) is within walking distance.
This development comprises 46-storey building with 4 residential towers. It features a mix of affordable and upgraded units, with a standard built-up size of 850sq.ft. Public units are being upgraded with an additional 80sq.ft. and dual key option.
Key Features / Summary of Maldives Residences Penang Sungai Ara
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Maldives Residences Facilities
- Lounge with Palm Garden
- Courtyard Garden
- Herbs and Spice Garden
- Maldives Sun Deck
- Function Deck
- Mini Jogging Track
- Mini Lawn Bowl
- Children’s Playground
- Outdoor Camping Zone
- Outdoor Gym
- Outdoor Fitness Zone
- Yoga Deck
- Strolling Path
- Reflexology Path
- Infinity Pool
- Reflection Pond
- Water Seating
- Water Swing
- Wading Pool
- Kid’s Pool
- Water Slide Deck
- Maldives Beaach Club
- The Beach Bar Counter
- Cabanas by the Bay
- Amilla Island Hut
- Amilla Island Cabanas
- Ledge Lounger (Mirihi Island)
Beach Stage with Seashell Shape
BBQ Pavillion with Alfresco Dining
Maldives Residences Floor plan
Maldives Residences layout
type B @ Dual key concept
Maldives Residences Selling price
Affordable unitType A standard 850 sq ft
upgraded unitType A1 850 sq ft
upgraded unitType B Dual Key Concept 850 + 80 sq ft
Maldives Residences Penang update
Maldives Residences Penang Review
Our Analysis / Opinion
Maldives Residences' details: Type, Size, Completion date, developer, maintenance fees & etc.
Maldives Residences consist of 4 towers/ blocks , 46 storeys
Is Maldives Residences Good for Own Stay Purpose?
You have primary school and secondary school nearby. For access to food, you can choose Sg Ara, Bayan Baru area or SPICE. Work? Well, close to FIZ FTZ Industrial Zone. Lots of factories here.
By looking at its brochure seems that this project doesn’t comes with full tiles for common spot like bathrorom, balcony & etc. (text me / live chat me if I’m wrong)
Is Maldives Residences Good for Investment ?
Personally i don’t recommend to invest in affordable projects unless it is low density. But unfortunately this is Penang Island, if build something low density and cheap here it is not profitable for the developer, so … …
Don’t don’t get it wrong I’m not saying this is a bad investment, after all, I’m a human, i could be wrong. If you plan for own stay, make decision fast, materials price sky high as far as i can see, new property/ new project will only get expensive and more expensive or the size will only get smaller and smaller. Bubble? Yeah bubble for so many years. Don’t worry if bubble burst #YouAreNotAlone.
However, if you want to invest, please invest in dual keys layout. If you miss it, well… … …
Is it easy to sell Maldives Residences in the foreseeable future?
Ermmm…… As far as i know … … … nowadays affordable project mostly comes with thousands of units … … … so … … is it easy to sell in the future ? You tell me.
DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.
Reference: https://www.idealproperty.com.my/maldives-residences-2/ & https://www.penangpropertytalk.com/2023/01/maldives-residences/