Seeing the real estate potential of Bukit Jambul Indah in Bayan Lepas is IJM Land, one of the country’s leading developers. It is the same company whose responsible for other premier projects in Penang today including Pearl Regency, The Address and Vertiq amongst others. But the brand’s presence in the island was established way back. In fact, one of its earlier developments is Lakeside Tower, completed in 1999 and located in Desa Bukit Jambul.
Choices & Price Tags
A leasehold condominium, Lakeside Tower offers 99 years of lease on its 272 units. There are two 20-storey blocks comprising the residence featuring diverse units with built ups from 990 to 1,640 sq.ft. Two lifts serve each block and 10 units were situated in each floor. Subsale price is set from RM380,000 to RM560,000, a reasonably attractive price for a cozy unit in Bukit Jambul. Rental for basic units starts from RM1,100 while furnished units will naturally cost more starting from RM2,500.
Given the development’s age, it pays to confirm if the prices are in sync with Lakeside Tower’s fair market value. To help you do that, here’s a free copy of our valuation guide.
Defining Lakeside Living
As its name suggests, one of Lakeside Tower’s distinct features and selling points is its breathtaking lakeside view. Units overlook the recreational lake in Bukit Jambul while lush greenery further enhance the surrounding’s air of serenity and calmness. Its hillside spot also allows residents to enjoy fresh air and cool breeze practically perfecting a tranquil lifestyle in a beautiful island in the country.
Completing your experience of lakeside living are the development’s basic facilities which include:
> landscaped garden
> mini games room
> jogging track
> children’s playground
> covered parking
> 24-hour security
With its nature-friendly elements, Lakeside Tower invites its dwellers to bask in the wonder of nature while living a health and rewarding lifestyle. Security is also ensured through round the clock surveillance which means peace is never out of reach.
Enviably Serene & Convenient
Covering lifestyle needs are surrounding amenities in the area. Lakeside Tower, for one, is close to the Queensbay Shopping Mall where a myriad of dining, entertainment and retail shops are found. It is located less than 10 minutes away. And you know what that means – convenience at the tip of your fingertips.
Other amenities close to Lakeside Tower are schools (Fairview International School and INTI College), hospitals, hypermarkets (Giant) and more commercial establishments. Also in close proximity is the Bayan Lepas Free industrial Zone and Magazine Circus. For recreation, residents can head over to Bukit Jambul Golf Course for a fun, leisurely game.
Lakeside Tower is accessible via a network of roads linking the development to the rest of Penang. Penang Bridge is 10 minutes away while the international airport is reachable in less time.
What We Think
Though Lakeside Tower doesn’t have a lot of facilities to offer, the condominium’s main allure is its hillside location overlooking a picturesque lakeside view. If peace and serenity is what you long for, then a unit at this IJM offering is worth considering. The fact that there are international schools in the area makes the development a good prospect for both locals and international investors. In terms of amenities, Bukit Jambul is not as enriched as say Gurney Drive or Georgetown, but there are enough establishments to cater to residents’ many needs.
Neighbouring other condominiums including Hillcrest Residences, The Address Boutique Condo and Parkview Tower, Lakeside Tower is in a strategic place with potential for appreciation. In fact, the price has appreciated for the property over the years thanks to emergence of schools and other high rises in Bukit Jambul. To have a better idea of the property’s fair market value today, make sure to download our free ebook guide below.