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Continue Reading ⋅ 30 January 2023
Granito @ Permai is the opportunity for you to own an upscale yet affordable condominium living located in the swanky Tanjung Bungah area of Penang. With the tagline ‘luxury within reach’, this development offers prime location combined with a moderately-sized layout in the thriving Permai Village Township.
Granito @ Permai is the latest development by BSG Property, the property development arm of the Boon Siew Group. The Boon Siew Group commands a multifaceted portfolio of businesses spanning across the Asia-Pacific region in the automotive, healthcare, hospitality industries, and more. BSG Property is a top developer that is fast establishing itself in the region as a respected party in planning, designing and building quality projects, making quality homes accessible to the masses. Their successful and completed projects in Penang alone include the Mira Residences, Raffel Tower and the 200-acre aforementioned Permai Village.
Project Details
Address: Tanjung Bungah, Penang, Malaysia
Property Type: Condominium
Land Title: Residential
No of Stories: 49
No of Blocks: 2
No of Lifts per floor: 6 (Block A), 5 (Block B)
Tenure: Freehold
Sales Gallery: Lot 10111, Jalan Lembah Permai, 11200, Tanjung Bungah, Penang, Malaysia
Site GPS Coordinates: 5.4572831,100.2862126
Expected Date of Completion: Q2 2020
Built-up area: 864 sq. ft.
Facilities:
- Swimming Pool
- Gymnasium
- Library & Reading Room
- Outdoor Reading Corner
- RC Track
- Leisure Area
- Jogging Path
- Reflexology Garden
- Barbeque Area
- Sky Garden
- Outdoor Play Area
- Indoor Play Area
- Multipurpose Hall
- Lounge
- Landscaped Garden
Launch Price: RM398, 000 – RM 488,000
- Sea Facing: RM 468,000
- Hill View: RM 428,000
- Tar College View: RM 448,000
Maintenance Fee psf: RM0.20 psf
Parking Bay(s) per Unit: 2 standard/tandem carparks
Special Features:
- Grille door
- Floor tiles
- Aluminum frame for windows
- 2 water heater units
- Air-conditioner (Hill View = 1 unit, Sea Facing, Tar College View = 4 units)
- Wet kitchen (inclusive of gas hob)
Project Details
Granito @ Permai comes across as a rather unique project. Located in an area that is more commonly associated with high-end living (evident from the prices of surrounding property), the residence offers a chance to live in a prime location at a price point which is within reach of young families and/or first-jobbers, that fulfil certain conditions.
Granito Building
The development is currently set for a June 2020 completion date. This project will see the construction of 2 two towers, aptly named Tower A and Tower B, each housing 49 floors with a choice of 3 unique views to provide a total of 980 units.
Views:
The North-facing units will be facing the Andaman Sea, with the more elevated units being able to enjoy views of the ocean. The East-facing units will enjoy views of TAR University College, and the remaining units will be greeted by views of serene, rolling hills.
Layout:
Each unit at Granito @ Permai has a built-up space of 864 sq. ft. that consists of 3 bedrooms and 2 bathrooms.
Granito Layout
Living area
Dining area
Master bedroom
Second bedroom
Third bedroom
Unique Features of Granito @ Permai:
As briefly mentioned above, Granito @ Permai is being positioned as an opportunity for people to enjoy luxurious living in a prime location that is yet very much affordable.
When it comes to facilities, the development has everything you family could ask for: swimming pool, gymnasium, jogging paths, playground for the children, reflexology garden, barbeque areas, 24/7 security, library, as well as outdoor reading spaces and a multipurpose hall that is open for the resident’s use. Perhaps most important of all: plenty of car park space!
In addition, each unit is presented as a blank slate, offering the opportunity for their owners to fully personalize the interior of their new unit and bring to life their idea of a perfect home.
Points to Note – Purchase Conditions:
As stated earlier in the segment, purchase of Granito @ Permai is part of the state government’s “Affordable Housing Project” and any interest to purchase comes with a few conditions. The applications to purchase such projects are managed by the state housing department; all applicants are vetted by an 8 member panel in the Selection Process Enhancement Committee (SPEC) in accordance to certain criteria.
In addition, rental of the property is disallowed, and sale of the property is only permitted upon completion of a 5 year residency period. This is an effort by the state government to provide Penangites with an affordable residence without having to invest a fortune.
Location
Enjoy The Best of Both Worlds from a Prime Location:
Close to Everything You Need:
Commonly utilized places are within easy reach. Your daily shopping is only a quick minutes’ drive away to the hypermarket (Tesco Tanjung Pinang), or if you prefer the wet market, Tanjung Bungah Market. Financial institutions/banks, the post office, convenience stores, healthcare facilities, and petrol stations can be found at Straits Quay Retail Marina, a stone’s throw away from Granito @ Permai.
Granito @ Permai is located a 20 minutes’ drive away from the famed Batu Ferringhi beach, which makes for fantastic family outings without the need for lengthy travels. The residence is also ideal for those working in Georgetown and the surrounding area, as it’s a mere 20 minute travel to town.
Education Is At Hand:
Tenby International School
A common concern amongst parents is that of their children’s education. Granito @ Permai is strategically located within reach of 2 educational institutions; Tenby International Schools and TAR University College – both located mere minutes away, ensuring education options are easily available. Slightly further along Jalan Tanjung Bungah is another international school, the Dalat International School.
TAR University College
Close to Everything You Need:
Commonly utilized places are within easy reach. Your daily shopping is only a quick minute’s drive away to the hypermarket (Tesco Tanjung Pinang), or if you prefer the wet market, Tanjung Bungah Market. Financial institutions/banks, the post office, convenience stores, healthcare facilities, and petrol stations can be found at Straits Quay Retail Marina, a stone’s throw away from Granito @ Permai.
Straits Quay Retail Marina (Credit: Straits_Quay.com)
For nights when eating out is an option, there is a plentitude of food options ranging from Permai 32 Food Court to various eateries around the area. For the more aquatically inclined folks, the Penang Swimming Club is also a few minutes away, perfect for weekend swimming classes or just a splashing good time.
Parks are aplenty and residents will have access to Permai Adventure Nature Park and Permai Linear Park, where their children can play to their hearts content.
Getting Around:
The residence is connected via Jalan Lembah Permai, which then connects to Jalan Tanjung Bungah and allows for easy access to the Batu Ferringhi area or the Gurney region. Unfortunately, public transport is not yet an option, thus residents who drive will find the greatest convenience in getting out and about.
Analysis
Based on the value of property around the Tanjung Bungah area which ranges from RM750, 000 to over millions of ringgit, the value of Granito @ Permai is an absolute steal in comparison. Adding in the consideration that the property is located in a prime location and is conveniently placed between two major go-to destinations (Ferringhi & Georgetown), it’s a great property to consider at the price point.
Here are some comparisons with other similar (Affordable Housing Project) developments in Penang:
|
Name |
Land Tenure |
No of Blocks |
No of Stories |
Selling Price |
|
Granito @ Permai |
Freehold |
2 |
49 |
RM398,000 – RM 488,000 |
|
i-Santorini @ Tanjung Pinang |
Leasehold |
3 |
48 & 49 |
RM430,000 – RM 460,000 |
|
Mutiara Rini |
Leasehold |
1 |
24 |
RM345,000 – RM 389,000 |
Summary
In short, Granito @ Permai offers freehold condominium living located in a prime location that is luxurious, in a manner that is affordable for young families, as well as first-time and price-sensitive home seekers that would welcome the view of serene rolling hills and/or the Andaman Sea.
The Permai Galleria showroom is opened Monday to Friday, from 9am – 5pm. On Saturdays & Public Holidays, they are open from 10am – 5pm.
