Olive Tree Residences Bayan Lepas
Find out the latest listings, rates, and offers for Olive Tree Residences in Bayan Lepas. No matter if you’re looking to purchase, lease, or sell, receive professional advice today.
Property Overview
Olive Tree Residences, located in the thriving area of Bayan Lepas, offers an elegant blend of modern living and convenience. This upscale residential project features a variety of unit layouts, catering to diverse lifestyle needs. Residents can enjoy a host of top-notch facilities including a swimming pool, fully-equipped gym, landscaped gardens, and a multi-purpose hall, perfect for relaxation and recreation.
Strategically positioned, Olive Tree Residences is surrounded by a wide array of amenities such as shopping malls, dining outlets, educational institutions, and healthcare facilities, ensuring all your needs are met within arm’s reach. The close proximity to Penang International Airport and Bayan Lepas Free Industrial Zone makes it an ideal choice for professionals and frequent travelers.
Price-wise, the residences are estimated to range from RM 600,000 to RM 1,200,000 for sale, while rental prices are typically between RM 2,000 and RM 5,000, depending on the unit size and level of furnishing. With its strategic location and comprehensive facilities, Olive Tree Residences provides a perfect home for those seeking comfort and connectivity in the heart of Bayan Lepas.
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Why Should You Choose Olive Tree Residences Bayan Lepas
Transport & Connectivity:
– Penang International Airport: Approximately 3 km away, offering both domestic and international flights.
– Rapid Penang Bus Terminal: About 2 km from Bayan Lepas, providing an extensive network of bus routes across Penang.
– Sultan Abdul Halim Muadzam Shah Bridge: Located 10 km away, it connects the island to the mainland, enhancing vehicular access.
Shopping & Dining:
– Queensbay Mall: Approximately 5 km from Bayan Lepas, this large shopping mall offers a variety of retail outlets and dining options.
– Food Street, Lebuhraya Sungai Nibong: Just 4 km away, this area is known for its local hawker fare and diverse culinary choices.
– Sunshine Square: Located 2 km from Bayan Lepas, this shopping center features supermarkets and casual dining experiences.
Healthcare:
– Pantai Hospital Penang: Approximately 5 km away, this private hospital provides a range of medical services.
– Hospital Lam Wah Ee: Around 10 km from Bayan Lepas, known for its comprehensive healthcare facilities.
– Ideal Health Plus Specialist Clinic: Situated 3 km away, offering specialized healthcare services.
Education:
– Universiti Sains Malaysia (USM): About 8 km from Bayan Lepas, a premier educational institution offering various programs.
– INTI International College Penang: Located approximately 5 km away, known for quality higher education.
– SJK(C) Chung Shan: Only 2 km from Bayan Lepas, this primary school is known for its emphasis on academic excellence.
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Frequently Asked Question
What you need to know before engaging our services
We shortlist properties based on your budget, preferred location, and requirements. We also negotiate on your{For most transactions, our service is free for buyers as we earn commission from the seller. We provide professional guidance at no extra charge to you.} {For most property purchases, our service is free for buyers as we earn commission from the seller. We provide expert advice at no extra charge to you.} behalf and assist you with the property purchase journey
It depends on your priorities. New launch properties often come with developer perks like rebates and lower upfront costs, but they take time to complete. Resale properties are available immediately, allowing you to see the actual condition before buying. We can help you weigh the pros and cons based on your preferences.
You should have your identification card, proof of income (salary slip/KWSP record/financial records), and a pre-approved home loan (if needed) to speed up the process.
Aside from the initial deposit (usually a small percentage), you’ll need to budget for stamp duty, lawyer costs, loan agreement fees, and property assessment fees.
Yes! We analyze the property trends, compare recent sales, and negotiate with the seller to get you the best deal.
We search for listings that match your price range and requirements, arrange viewings, and negotiate rental terms with the property owner to secure the best deal for you.
For rental properties, the renter typically pays an service charge, which is equal to a full month’s rent, depending on the lease term.}
To rent a home, you will generally need to provide your Identity Card (IC) or passport, recent payslips or income statement, and sometimes an employment letter. Additional documents may be required depending on the landlord’s preferences.
You are generally required to pay a 2-month security deposit, 1-month advance rent, and a utility deposit when renting a property.
If you want to terminate your tenancy early, you could forfeit your deposit unless you arrange for a replacement tenant, as most agreements require a minimum stay.