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Continue Reading ⋅ 30 January 2023
Summerton Bayan Indah is located at Jalan Aziz Ibrahim, Bayan Lepas, Penang. It has both condominium and commercial components – Primo Heights luxury suites, Primo Summer luxury suites (inclusive of Sky Villa), and Primo Avenue business park.
Developed by GSD Land, Summerton stands at 17 storeys high and each luxury suite is designed with spacious built-up areas and comes with a layout that meets the needs of families. In terms of security, the development comes with a smart card access system.
Summerton offers residents personal spaces that are complemented by greens and views. It has many facilities and features including a jacuzzi, sauna, several gardens, meditation path, wellness zone, reading and discussion areas, and open plaza, among others. On the other hand, Primo Avenue business park offer owners logistical advantages, as the development is next to the popular Queensbay Mall.
The leasehold project obtained its Certificate of Completion and Compliance (CCC) in September 2014.
Address: Bayan Lepas, 11900 Penang
Developer: GSD Land Sdn Bhd
Property Type: Serviced Residence
Land Title: Commercial
No. of Blocks: 1
No. of Storeys: 17
Total Units: N/A
Tenure: Freehold & Leasehold
Year of Completion: 2014
Built-up Area: 1,566 sq ft – 2,694 sq ft
Facilities:
- Gymnasium
- Infinity Pool
- Jacuzzi
- Wading pool
- Pool deck
- Foyer garden
- Sauna
- Tropical garden
- Open plaza
- Private garden lounge
- Viewing platform
- Garden lobby
- Multi-purpose garden
- Discussion Area
- Reading area
- Kids’ playground
- Tai chi corner
- Meditation path
- Wellness zone
Launch Price: From RM600,000
Maintenance Fee: RM0.25 per sq ft
Project Details
There are 17 storeys at Summerton Bayan Indah. The built-up area of the luxury suites are between 1,733 sq ft and 1,694 sq ft. Primo Heights is freehold, while Primo Summer is leasehold.
At Primo Heights, units come with either 3+1 bedrooms and 2 bathrooms, or 4+1 bedrooms and 2 bathrooms. Unit sizes range from 1,733 sq ft to 2,403 sq ft, and the largest units come with a sky garden. There are 3 lifts servicing the block and units come with either 1 or 2 parking bays.
On the other hand, Primo Summer comes with either 3+1 bedrooms or 4+1 bedrooms and 3 bathrooms. Its built-up sizes range from 1,840 sq ft to 2,694 sq ft. Primo Summer comes with three lifts, and each unit comes with 2 covered parking lots.
The units were priced from RM 600,000.
|
Unit Types |
Built-Up |
Launch Price |
|
Primo Heights |
Primo 1 · 1,733 sq ft · 3+1 bedrooms · 2 bathrooms
Primo 2 · 1,968 sq ft · 4+1 bedrooms · 2 bathrooms
Primo 3 · 2,319 sq ft · 4+1 bedrooms · 2 bathrooms
Primo 4 · 2,403 sq ft · 4+1 bedrooms · 2 bathrooms |
From RM600,000 |
|
Primo Summer |
Primo IA · 1,840 sq ft · 3+1 bedrooms · 3 bathrooms
Primo IB · 1,926 sq ft · 3+1 bedrooms · 3 bathrooms
Primo IC · 2,197 sq ft · 3+1 bedrooms · 3 bathrooms
Primo IIA · 1,985 sq ft · 4+1 bedrooms · 3 bathrooms
Primo IIC · 2,006 sq ft · 4+1 bedrooms · 3 bathrooms
Primo IID · 2,694 sq ft · 4+1 bedrooms · 3 bathrooms
Primo IV · 2,356 sq ft · 3+1 bedrooms · 3 bathrooms |
Location
Summerton Condominium is located along Persiaran Bayan Indah, close to Pantai Jerejak and within the Queensbay Mall enclave at Bayan Indah. This development has a prime address with prominent visibility, and it also enjoys easy accessibility via multiple routes. It is close to the Penang Bridge and Penang International Airport, and accessible via Jelutong Expressway, Bayan Lepas Expressway (also known as Coastal Highway), and Jalan Sultan Azlan Shah.
Summerton is also near amenities such as learning institutions (SK Sungai Nibong, SMK Sungai Nibong, SJKC Kwang Hwa, University Science Malaysia, Penang Skills Development Centre), shopping malls (Queensbay Mall, Bukit Jambul Complex), restaurants, corporate offices, Sungai Nibong bus terminal, and the Penang Free Industrial Zones.
Here are key hotspots that are just a short drive from Summerton Bayan Indah.
- Within the Queensbay Mall & Eastin Hotel enclave
- 5 minutes to Penang Bridge
- 10 minutes to Penang International Airport
- 15 minutes to George Town
Accessibility
- Penang Bridge
- Penang International Airport
- Sungai Nibong bus terminal
- Jelutong Expressway
- Bayan Lepas Expressway (Coastal Highway)
- Jalan Sultan Azlan Shah
Education
- Universiti Sains Malaysia
- Penang Skills Development Centre
- SK Sungai Nibong
- SMK Sungai Nibong
- SJKC Kwang Hwa
Shopping
- Queensbay Mall
- Bukit Jambul Complex
Analysis
Summerton is located opposite Gold Coast Resort Condominium by Techware Enterprise. There are several developments by Techware Enterprise such as Putra Place Condominium and Villa Emas Condominium near there as well. These condominiums are all near eateries, banks, clinics, mosque, and a night market.
As Summerton is beside Queensbay Mall, and close to the Bayan Lepas Free Trade Zone, it is a convenient place to stay.
It has plenty of amenities within walking distance, nice views as it is just by the coast, and near the Penang Bridge and the airport as well. Units at Primo Heights sold out rather quickly during its launch, which indicates good demand for the units here. The location itself is a good selling point.
Available listings in PropertyGuru in February 2021 show that the asking monthly rental for 1,566 sq ft units are from RM2,300 to RM2,500, while purchase prices are asking from RM768,000 to RM950,000.
For units purchased at RM850,000, and rented out at RM2,500 per month, the gross rental yield would be 3.63% per annum.
Here’s a quick look at residential properties in Penang.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Summerton by GSD Land |
Leasehold |
Luxury Suites |
2014 |
1,733 sq ft – 2,694 sq ft |
From RM600,000 |
|
Gold Coast Resort Condominium by Techware Enterprise |
Leasehold |
Condominium |
1999 |
1,047 sq ft – 1,184 sq ft |
N/A |
|
Fiera Vista by Ideal Property Group |
Freehold |
Condominium |
2014 |
1,450 sq ft – 1,655 sq ft |
From RM350 psf |
|
Setia Pinnacle by Setia Promenade Sdn Bhd |
Freehold |
Condominium |
2016 |
1,095 sq ft – 1,515 sq ft
|
From RM604,440
|
|
Orchard Ville by Reka Indah Development Sdn Bhd |
Freehold |
Condominium |
2016 |
1,080 sq ft – 1,623 sq ft |
From RM548,000 |
|
Freehold |
Condominium |
2017 |
455 sq ft – 1,945 sq ft |
From RM359,900 |
|
|
Freehold |
Condominium |
2017 |
776 sq ft – 2,907 sq ft |
From RM638,000 |
|
|
Freehold |
Condominium |
2018 |
1,450 sq ft – 2,335 sq ft |
From RM712,000 |
|
|
Freehold |
Affordable Condo |
2019 |
900 sq ft |
From RM300,000 |
|
|
Freehold |
Condominium |
2019 |
1,000 sq ft – 1,050 sq ft |
From RM450,000 |
|
|
Freehold |
Condominium |
2019 |
1,161 sq ft & 1,238 sq ft |
From RM600,000 |
|
|
Freehold |
Condominium |
2020 |
1,036 sq ft – 1,424 sq ft |
From RM758,000 |
Summary
GSD Land’s development in central Malaysia is d’Brightton (condo) in Titiwangsa, KL, which is scheduled for completion in 2024.
The developer has several projects in Northern Malaysia, including Sierra Residences (integrated) in Sungai Ara, Gardens Ville (twin courtyard towers & terrace houses) in Sungai Ara, Skycube Residence (condo & semi-D) in Sungai Ara, Sunrich Place in Pokok Sena, Selamat Desa Park (agriculture land), and Alma Signature (light industrial offices) in Bukit Mertajam.
Here are estimated loan figures for a 1,566 sq ft unit priced at RM850,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM85,000
- Loan amount: RM765,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM3,308
- Approximate required gross annual income: RM133,000*
* Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
The calculations above are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and has a 99.9% accuracy, which helps in avoiding loan rejections.
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