A recent addition to Bukit Gambier’s thriving real estate scene is one that was master planned by Boon Siew Group named Centrio Avenue. Completed in 2013, the freehold project emphasized on creating low medium cost apartments targeting the middle earning demographic. It looks like that the developer’s strategy hit the right chord. With affordability complementing great location, the project has took off since it was launched. In fact, the apartment units were almost sold out and discerning investors are still queueing to snatch a unit.
By venturing on creating affordable developments, Boon Siew Group has proven its versatility as a developer. Centrio Avenue is joining the brand’s high end projects including the Minden Residence and the luxurious Silverdale. This means that Penang is no longer just for the elite and the affluent. Even middle income earners can dwell in one of the country’s most sought after address.
Low Cost Choices
Situated on the foothills of Bukit Gambier, Centrio Avenue offers a total of 780 apartment units. There are two towering blocks of 31 storeys featuring 12 units per floor. Built-up size is pretty modest at 650 sq.ft. providing just enough space for dweller to fit in comfortably and create a cozy home. Each unit comes with 3 bedrooms and 2 bathrooms that can fit young professionals and even small families.
With low price as its main selling point, units at Centrio Avenue are tagged for as low as RM72,500 to RM118,000 for some units. Either way, the investment is a bargain. But just the same, it pay to double check on its fair market value which you can accomplish using our free price valuation guide.
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What to Expect
Though the units do not come complete with furnishings, the development has basic facilities to get you buy. While other similar developments do not have any facilities at all, Centrio Avenue sets itself apart by providing its residents the basics that will fit with today’s modern lifestyle. Serving all 780 are practical features such as:
> covered parking
> barbecue pits
> 24-hour security
In addition, the project did not compromised on quality despite the low price tag. Rooms such as the kitchen, living room and bathroom are tiled while the door is made of sturdy wood. Windows are made of aluminium with a sliding concept allowing some selected units to enjoy a lovely view of forest.
Affordable Homes in a Great Location
Affordability would not be as attractive if not for Centrio Avenue’s great location. A stone’s throw away from the development are ready amenities including shopping complexes, educational institutions, dining joints and other commercial establishments. Stock up on necessities by heading over to Tesco or Queensbay Mall. USM and INTI College are also easily accessible as well as medical centres, recreation hotspots and business hubs.
As for connectivity, Centrio Avenue shares with Bukit Gambier’s interconnectedness with nearby townships and the rest of Penang. Serving residents is the main artery to the site which is Jalan Bukit Gambier. From there, dwellers can take the Jalan Yeap Ee route, Coastal and Jelutong Expressways to visit the rest of Georgetown.
What We Think
Location-wise, Centrio Avenue is on a prime spot for a plethora of modern conveniences. But more than that, what truly separate the development from the rest of its competition is its affordable and low pricing. Not only is it budget-friendly but it also comes with the right amenities to lure the astute and the discerning crowd of investors and home-seekers.
Living permanently in beautiful Penang Island doesn’t have to be hefty on your pocket. In fact, for just RM72,500, you can own a comfortably-sized apartment at Centrio Avenue fulfilling your dreams of experiencing the wonder of the Island. To know more about said residential, particularly its fair market value, below is a free resource that you can download.