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.
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:
|7 Oct 2021||Low-Cost Flat||750 sf||RM350,000|
|20 Jul 2021||Low-Cost Flat||800 sf||RM395,000|
|19 Jul 2021||Condominium||800 sf||RM400,000|
|19 Jul 2021||Low-Cost Flat||800 sf||RM400,000|
|4 Jun 2021||Condominium||750 sf||RM280,000|
|4 Apr 2021||Condominium||750 sf||RM280,000|
|23 Feb 2021||Low-Cost Flat||700 sf||RM280,000|
Latest Villa Sri Melati for rent listings:
|7 Dec 2021||Low-Cost Flat||750 sf||RM700|
|26 Nov 2021||Low-Cost Flat||750 sf||RM770|
|21 Oct 2021||Apartment Room||-NA-||RM430|
|26 Jul 2021||Apartment Room||-NA-||RM280|
|31 Mar 2021||Low-Cost Flat||750 sf||RM700|
|24 Feb 2021||Low-Cost Flat||750 sf||RM700|