Sri Kristal

Sri Kristal is a leasehold high-density development located in the Northeast of Penang Island — Bandar Baru Farlim in Penang. While navigating to the apartment, Sri Kristal can be easily accessed through the Thean Teik highway and the Jalan Paya Terubong. To have a better understanding on the property, Sri Kristal apartment was utterly built-up on the year of 2009 by the ‘Farlim Group (Malaysia) Berhad’ (known as ‘Farlim Group’). Farlim Group is a listed company which was incorporated in Malaysia on 12 March 1982 under the Companies Act. During the year of 1965, its status was a private limited company under the name of Perumahan Farlim (Malaysia) Sdn. Bhd. Subsequently, they were listed on Bursa Malaysia Securities Berhad on 26 July 1995. With their robust experience in the construction industry, Farlim Group differentiated themselves from others and they are also a Class A Registered Contractor with the Pusat Khidmat Kontraktor (PKK) as well as a CIDB G7 Registered Contractor which allows them to undertake contracts with no limit to the contract sum. This high rise residence comprises of 2 separated towers and each tower is having 22-storeys. In total, there are 398 units for the property. Hence, a standard unit is equipped with 3 bedrooms and 2 bathrooms and thus the built-up area is approximately 850 - 886 sq. ft. (as the unit comes with three types of layout). Each unit is provided with one car parking space. Apart from that, facilities are abundant which include an indoor swimming pool, a gymnasium, a basketball court, a barbecue pit, Jacuzzi, sauna, Wi-Fi zone, a children's playground and a multi-purpose court. There is also a 24 hour security surveillance to ensure residents’ safety and security. Furthermore, magnificent lobby with delicate façade, the property was assimilated with modern interior design which is the favorite for today’s generation. There are plenty of amenities in the vicinity of Sri Kristal apartment which only required a short drive away (approx. 5 to 10 minutes). This includes banks, clinics, convenience stores, restaurants, retail shops and many other amenities which are ready to fulfill the residents’ daily need. Besides, there is also a wet market along the Medan Angsana which allowed the residents to purchase the fresh produce such fish, chicken, vegetables, etc. Alternatively, the residents have the option to go to the nearest hypermarket such as Sunshine Farlim Hypermarket which is indoor and air conditioner covered to shop for their grocery. For education aspect, it is convenient because it is located closely to some of the educational institutions such as Penang Free School, Chung Ling High School, Sekolah Kebangsaan Convent Green Lane, Sekolah Jenis Kebangsaan (Cina) Chiao Nan and Sekolah Jenis Kebangsaan (Cina) Kong Min 2. For public transportation wise, there are quite a number of bus stands can be found and Sri Kristal is highly accessible by Rapid Penang Buses which provides high networking for the residents. Taxi services are also plied around the area to provide convenient commuting. The current sale price is ranging from somewhere between RM 350,000 to RM 450,000 which is about RM 389 to RM 643 per sq. ft. For rental price, it is ranging from RM 1,250 to RM 1,400. Therefore, Sri Kristal can be considered as worthwhile property for own stay or investment purposes. It is estimated that the property could generate a good rental yields as the apartment is mainly surrounded by amenities that are mostly located within a short drive away. Furthermore, it was built by the well-known and reputable construction company in Penang. On the other hand, other projects around the area that might be worth checking out include The Tamarind @ Seri Tanjung Pinang, Quayside, All Seasons Park, The Peak Residences, and Marinox Sky Villas.