Centrally located in sought-after Penang is Greenlane Park, a high rise condominium nestled on a hill in Green Lane. To be exact, it is located along Solok Tembaga in Island Park neighbouring other developments such as Condo Gembir, Greenlane Heights and Mutira Court. Completed in 2005, the freehold development has two blocks of condominiums boasting a height of 27 storeys each. All in all, there are 382 units to choose from catering to today’s modern demands for a cozy and comfortable home in Penang Island.
Choices & Pricing
Keeping diversity in mind, Greenlane Park has three different layouts available for potential buyers to choose from. Ideal for singles, young professionals and couples is the smallest unit measuring 860 sq.ft. The next options are relatively bigger featuring built-up sizes of 1,250 and 1,270 sq.ft. Typically, units come with 3 bedrooms and 2 bathrooms except for the largest ones which has plus one bedroom.
In terms of cost, subsale price for Greenlane Park has been set from RM360,000 to RM700,000. On top of that is a maintenance fee of RM70 onwards. To confirm if the price is fair and reasonable, make use of our free valuation guide right here.
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Meeting Modern Lifestyle Demands
To keep up with today’s modern demands and lifestyle needs, the development has an array of facilities designed for residents pleasures. Whether it’s for leisure, fitness or family bonding, Greenlane Park recognizes that and created designated areas and features to meet those needs. This also means residents need not go far to spend the day away. Right there outside your doorstep are useful facilities like:
> swimming pool
> table tennis court
> basketball court
> barbecue area
> community hall
> landscaped garden
Car parking is also part of the deal as well as 24-hour security that allows dwellers to sleep soundly at night.
A Bustling & Vibrant Location
Touted as one of the busiest lanes in Penang, Green Lane connects Greenlane Park to a wealth of amenities. Within a 1-km radius are schools, restaurants, clinics and a host of establishments. Tesco Hypermarket also sits close by where residents can shop for essentials. Medically, Tropicana Medical Centre is a few minutes away in addition to Wah Ee Hospital.
Residents with children can pick between a number of schools including SM Georgetown, SMK Air Itam, Penang Free School and SMJK Chung Hwa Confucian.
The area’s rapid growth also made way for easy accessibility from the site towards key destinations. More or less 10 minutes by car away are neighbouring townships such as Georgetown and Bayan Lepas where an abundance of more amenities are located. Even Penang Bridge is reachable in the same amount of time allowing residents to travel and back forth the site in convenience. Public transport further enhances connectivity with availability of Rapid Penang buses.
Our Final Say
Location-wise, Greenlane is situated in an area where there’s good potential for appreciation. The fact that Green Lane grew from a single lane into a bustling set of lanes implies that there are more room for appreciation for the properties nestled here. However, Greenlane Park may pose some danger logistically. It is sited on a hill with at least a 30 degree slope which may lead to problems in cases of landslides and similar situations.
Fortunately, Greenlane Park’s formidable façade seems to imply a strong foundation behind the structure. To date, there are no reported problems related to the property’s angled position which supports assumptions that it was build sturdily. There is also a proposed monorail project that will connect Green Lane to Bayan Lepas airport. If that pushes through, good things ahead await the development especially with regard to investment potential. To know more about the property and it’s market value, feel free to grab our ebook guide below.