Olive Tree Residences Bayan Lepas
Check out the most recent listings, rates, and deals for Olive Tree Residences in Bayan Lepas. If you’re looking to own, lease, or put your home on the market, let our experts help now.
Property Overview
Olive Tree Residences in Bayan Lepas offers contemporary urban living within a vibrant neighborhood. This stylish residential development boasts modern architecture, catering to both comfort and sophistication. Residents enjoy a plethora of facilities, including a swimming pool, fully-equipped gym, children’s playground, and a serene garden area perfect for relaxation. Situated close to Penang International Airport, the Penang Bridge, and major business hubs, Olive Tree Residences provides unparalleled connectivity.
Nearby, you’ll find an array of amenities such as Queensbay Mall, local eateries, schools, and healthcare centers, ensuring convenience in every aspect of life. The property offers a range of spacious units, designed to suit diverse lifestyle needs.
The estimated price range for purchasing these elegant homes is between MYR 700,000 to MYR 1,200,000, while rental prices are typically from MYR 2,000 to MYR 4,500 per month, offering flexibility for both buyers and tenants seeking quality living in Penang.
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Why Should You Choose Olive Tree Residences Bayan Lepas
Transport & Connectivity
– Penang International Airport: Approximately 3 km, providing both domestic and international flights.
– Tun Dr. Lim Chong Eu Expressway: About 5 km, offering direct access to George Town and mainland Penang.
– Bayan Lepas Rapid Penang Bus Terminal: Around 2 km, serving multiple routes across Penang.
Shopping & Dining
– Queensbay Mall: Approximately 7 km, the largest shopping mall in Penang with a wide variety of retail stores and dining options.
– Sunshine Square: About 3 km, featuring local and international grocery shopping and food outlets.
– Lip Sin Market & Food Court: Around 4 km, offering fresh produce and a variety of local hawker fare.
Healthcare
– Pantai Hospital Penang: Approximately 6 km, providing comprehensive medical services and specialist clinics.
– Bayan Baru Clinic: About 2 km, a community clinic offering basic healthcare services.
– Hospital Lam Wah Ee (George Town): Around 13 km, known for its broad range of medical treatments.
Education
– INTI International College Penang: Approximately 5 km, offering a range of diploma and degree programs.
– Universiti Sains Malaysia (USM): About 10 km, a leading public research university in Malaysia.
– Fairview International School Penang: Around 8 km, providing an international curriculum from primary to secondary levels.
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Frequently Asked Question
What you need to know before engaging our services
We shortlist properties based on your financial plan, desired area, and specific needs. We also negotiate on your{For most transactions, our service is free for buyers as we earn commission from the seller. We provide expert advice at no extra charge to you.} {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.} behalf and assist you with the buying process
It depends on your needs. New launch properties often offer early-bird discounts and incentives like rebates and lower upfront costs, but they take time to complete. Sub-sale properties are ready to move in, allowing you to inspect the unit before buying. We can help you weigh the pros and cons based on your requirements.
You should have your IC, salary details (payslip/EPF statement/financial records), and a pre-approved home loan (if needed) to speed up the process.
Aside from the down payment (usually a small percentage), you’ll need to consider stamp duty, lawyer costs, loan agreement fees, and valuation charges.
Yes! We analyze the market, review recent sales, and negotiate with the seller to help you secure the best deal.
We search for listings that match your price range and requirements, arrange viewings, and negotiate rental terms with the landlord to finalize the best deal for you.
For renting a home, the tenant typically pays an agency fee, which is equal to a full month’s rent, depending on the rental duration.}
For renting, you will need your IC or passport, recent payslips, and possibly an employment letter. You may also need to provide a security deposit and utility deposits. Some landlords may request extra documents, depending on their requirements.
You are generally required to pay a 2-month security deposit, 1-month advance rent, and a utility deposit when renting a property.
Most agreements have a minimum stay period (e.g., 1 year). If you leave early, you may lose your deposit unless you find a replacement tenant.