Sunsuri Residences @ Bayan Lepas - PropXpress

Sunsuri Residences @ Bayan Lepas

Sunsuri Residences @ Bayan Lepas

Sunsuri Residences, an upcoming service residence development situated next to Tree Sparina Condo. It is part of the Ideal Vision Park Masterplan by Ideal Property Group. Located along Jalan Tun Dr Awang, it less than 2km away from Penang International Airport and from sPICE(formerly PISA).

Project Overview:

Project Name : Sunsuri Residences
Location : Bayan Lepas
Property Type : Serviced Apartment
Built-up Size: 425 sqft, 500 sqft, 600sqft. 800 sqft
Title: Commercial Title
Total Units : TowerA1 -396 units Tower A2- 375 units
Indicative Price :
Developer : Ideal Property Group


Location:

From the Map above, it shown very clear that Sunsuri is located after Tree Sparina if you depart from Airport. The location is an excellent location in view of it can rent to MNC contract workers, Airport worker, and Incentive Group Tourist from Spice Convention Center.


Sunsuri Artist Impression Aerial View


Site Map: 

From the site map, there’ll be no unit that is directly facing west, and customer can choose either from Pool view or Airport View.

As the project is serviced apartment, it is permissible to operate Airbnb/Homestay which will written in contract. Currently there are a lot of projects that has been barred from JMB from operating homestay simply because it is not meant for commercial purpose. E,g: Elite heights, One Sky, The Arena Residence, The Summerton, One WorldSuite. 

Sunsuri Residences Layout Plan:

800 sqft: 2 carpark Dual Key

800sqft is a dual key unit, ideal for a small family to operate short term stay to subsidy their monthly installment.

600 sqft: 1 carpark , with and without Yard

600sqft equipped with 2 room with their individual toilet, making it perfect for 2 couple to stay over or contract businessman who came along with associate, with kitchen and living room allocated in between for both parties to use.

500 sqft: 1 carpark [ 1 bedroom]

For Short term stay, smallest size is preferred as tenant will only looking for accomodation with light cooking only. 500 sqft is ideal for couple stay/ buisnessman who prefer privacy.

Facilities:

Sunsuri Residence is equipped with IDEAL Signature standard Facilities such as Gym, Swimming Pool, Wading pool, Garden, Playground, Function Room,Discussion Room, Game Rooms etc.

Sunsuri Facilities Artist Impression:


Maintenance Fee: Estimation

500 sqft: RM110/mth

600 sqft: RM132/mth

800 sqft: RM176/mth


Calculations For Short Term Rent:

Typical calculation are taking Min RM150 to Maximum RM300 per night, assuming 60% occupancy.(base on Pg tourism data occupacy rate)

However, we are taking different and realistic approach this time. By having 12 days on RM300(Fri to Sun occupied) for 4 weeks consecutively. You already have RM3600 Per month covering your installment with +ve cash flow.

Customer are expected to pay RM2600-RM2800 Per month installment for biggest layout 800sqft.

You can do the math from there how much is the earning potential.


Verdicts:

Bayan lepas booming with move in population, the demand causes Spice to have event almost every week

Thus, the hotel industry is having a huge demand. With the title services suites, Sunsuri Residences may be able to fetch the Hotel Demand by offering short term stay. Investor may in fact eyeing on this opportunity and to expect a good rental yield from short term stay.


Packages:

80% Furnishing with Rental 3 years.
OR
Bare unit with lowest RM300k price point look at.


Interested Candidates are welcome to register interest below here.

OR

Inbox to our facebook Fan page and our crew will get in touch with you shortly.

OR

Drop a message to one of our Agent, 017-4588547 Mr Yew to schedule exclusive showroom visit appointment.


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Sunsuri Residences @ Bayan Lepas

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