Villa Sri Melati, Air Itam

Villa Sri Melati (also known as Villa Seri Melati) is a freehold condominium located in Air Itam, Penang Island. There are 93 units available at this project with built-up from 728 sf to 750 sf. It was developed by SEAL Inc Bhd, and was completed in about 1996.

SEAL Inc Bhd is a medium-sized real estate company listed on KLSE, and it has constructed around 7 real estate projects in Malaysia. Other similar projects by the same developer are Bayan City, Elit Avenue, Elit Heights, North Avenue, Queensville and Sapphire.

Property Type
Condominium
Land Tenure
Freehold
Built-up
728 sf - 750 sf
Market Price
RM290,000 - RM380,000
Density
93 Units
Completed In
1996
Developer
Launch Price
-NA-

The only amenities nearby this condominium are some schools. Few of the schools here are SJK (C)Shang Wu Primary School, SJK C Shang Wu, SJK Rajaji, SK Padang Tembak, SM Teknik Tunku Abdul Rahman Putra, SMJK Chung Ling and 槟城鍾靈 (独立)中学 Chung Ling (Private) High School.

The current rental yield of Villa Sri Melati is around 2.1%, compared to 6.4% 8 years ago in Q2 2013. The highest rental yield ever recorded was 6.4% in Q2 2013; while the lowest one was 2.1% in Q4 2021. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Villa Sri Melati is 3-bedroom / 750 sf with a median price of RM500 psf. For price wise, the most expensive one is 3-bedroom / 750 sf with a median price of RM500 psf; while the cheapest one is 3-bedroom / 728 sf with a median price of RM400 psf.

Latest Villa Sri Melati for sale listings:

DateTypeBuilt-upPrice
7 Oct 2021Low-Cost Flat750 sfRM350,000
20 Jul 2021Low-Cost Flat800 sfRM395,000
19 Jul 2021Condominium800 sfRM400,000
19 Jul 2021Low-Cost Flat800 sfRM400,000
4 Jun 2021Condominium750 sfRM280,000
4 Apr 2021Condominium750 sfRM280,000
23 Feb 2021Low-Cost Flat700 sfRM280,000

Latest Villa Sri Melati for rent listings:

DateTypeBuilt-upRental
7 Dec 2021Low-Cost Flat750 sfRM700
26 Nov 2021Low-Cost Flat750 sfRM770
21 Oct 2021Apartment Room-NA-RM430
26 Jul 2021Apartment Room-NA-RM280
31 Mar 2021Low-Cost Flat750 sfRM700
24 Feb 2021Low-Cost Flat750 sfRM700
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