Ideal Vision Park, Bayan Lepas

Ideal Vision Park is a freehold mixed apartment & retail development located in Bayan Lepas, Penang. It consists of Camerlina, SummerSkye Residences, The Amarene and Tree Sparina. The built-up available at this project is 1,100 sf to 1,300 sf for apartment units. It was developed by Ideal Property Group with a launch price of around RM440 psf for apartment units, and was completed about 2016.

Ideal Property Group is a large-sized real estate group, and it has undertaken around 26 real estate projects in Malaysia. Other similar projects by the same developer are Camerlina, Solaria Residences, SummerSkye Residences, The Amarene and i-Santorini.

Property Type
Mixed Apartment & Retail
Land Tenure
Freehold
Built-up
1,100 sf - 1,300 sf (Apartment)
Market Price
RM570,000 - RM650,000 (Apartment)
Density
-NA-
Completed In
2016
Developer
Ideal Property Group
Launch Price
RM440 psf (Apartment)

The only amenities nearby this mixed apartment & retail development are some schools. Some of the schools here are SJK (C) Chung Shan, SK Bayan Lepas, SMJK Heng Ee Cawangan Bayan Baru, SRA Madrasah Uthmaniah Abim, Sis (Straits International School) and Straits International School.

The current market prices for Ideal Vision Park are from RM570,000 to RM650,000 (about RM520 psf) for apartment units; while the monthly rentals are from RM1,500 to RM1,600 (about RM1.33 psf) for apartment units. The highest median price psf ever recorded was RM553 psf in Q3 2016 (Apartment); while the lowest one was RM440 psf in Q1 2014 (Apartment).

The current rental yield of Ideal Vision Park is 2.95% for apartment units. The highest rental yield ever recorded was 3.16% in Q3 2018 (Apartment); while the lowest one was 2.0% in Q3 2016 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Ideal Vision Park for apartment units is 3-bedroom / 1,130 sf with a median price of RM520 psf. For price wise, the most expensive one is 3-bedroom / 1,130 sf with a median price of RM520 psf; while the cheapest one is 3-bedroom / 1,300 sf with a median price of RM500 psf.

Latest Ideal Vision Park for sale listings:

DateTypeBuilt-upPrice
13-Dec-18Condominium1,300 sfRM617,000
13-Dec-18Condominium1,100 sfRM650,000
13-Dec-18Condominium1,100 sfRM599,000
13-Dec-18Condominium1,300 sfRM617,000
13-Dec-18Condominium1,300 sfRM710,000
12-Dec-18Condominium1,300 sfRM617,000
12-Dec-18Condominium1,300 sfRM630,000
12-Dec-18Condominium1,200 sfRM720,000
11-Dec-18Condominium1,130 sfRM500,000
11-Dec-18Condominium1,130 sfRM640,000

Latest Ideal Vision Park for rent listings:

DateTypeBuilt-upRental
YesterdayCondominium1,300 sfRM1,250
YesterdayCondominium1,300 sfRM1,400
YesterdayCondominium1,130 sfRM1,200
YesterdayCondominium1,130 sfRM1,000
15-Dec-18Condominium1,300 sfRM1,700
15-Dec-18Condominium1,130 sfRM1,500
15-Dec-18Condominium1,300 sfRM1,600
15-Dec-18Condominium1,100 sfRM1,000
09-Dec-18Condominium1,130 sfRM1,350
09-Dec-18Condominium1,130 sfRM1,450