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Seri Bendera Condo Villa for Rent/Sale | Luxury Landed Living in Ayer Itam

Sri Bendera Condo Villa (also known as Seri Bendera) is a prestigious freehold townhouse development located in the tranquil Hye Keat Estate of Ayer Itam, Penang. Despite the "Condo Villa" name, the units are essentially landed-style townhouses within a gated and guarded community.

Property Overview

  • Tenure: Freehold
  • Property Type: Townhouse / Gated Landed (2 to 3.5 Storeys)
  • Location: Jalan Seri Bendera (off Lorong Khoo Hye Keat), Ayer Itam
  • Security: 24-hour gated and guarded community with perimeter fencing.


Unit Configurations

The development offers spacious units designed for middle-to-upper-income families, typically featuring:

2-Storey Units: ~2,400 sq. ft. (typically 4 Bedrooms, 3 Bathrooms)

3-Storey Units: ~2,700 sq. ft. (typically 5 Bedrooms, 4 Bathrooms)

3.5-Storey Units: ~3,200 sq. ft. and above (up to 6 Bedrooms)


Key Facilities

Residents have access to a private clubhouse with several leisure amenities:

  • Swimming Pool
  • Gymnasium
  • Children’s Playground
  • Landscaped Gardens

Location & Connectivity

The property is nestled in a hilly terrain, offering a cooler environment and lush greenery, yet remains close to essential amenities:

  • Landmarks: Just 1 km from the Penang Hill (Bukit Bendera) funicular station and 1.7 km from the Kek Lok Si Temple.
  • Education: Within walking distance or a short drive to SJK (C) Kong Min Pusat, SK Ayer Itam, and Chung Ling High School.
  • Shopping/Dining: Close to the Ayer Itam town center, which is famous for its wet market, local eateries (like the Laksa and Siam Road Char Koay Teow), and various banks and pharmacies.

Market Context (2026)

The property is highly sought after for its "peace and quiet" while remaining roughly 6.8 km from Komtar and the Georgetown city center. Maintenance fees are relatively low for a gated community, historically cited around RM 200/month, though this may vary by unit size.

SERI BENDERA CONDO VILLA @ Properties
Sorry, we didn't found any rent property listing @ SERI BENDERA CONDO VILLA
Sorry, we didn't found any sale property listing @ SERI BENDERA CONDO VILLA
Frequently asked question
It is a hybrid. While it has "Condo Villa" in the name and shared facilities like a condominium, the units are physically landed townhouses (terraced style). You have the privacy of a multi-storey home with the security and amenities of a condo.
As of early 2026, subsale prices generally range from RM 950,000 to RM 1.3 million, depending on the number of storeys and renovation quality. The median price sits around RM 988,000.
Historical data suggests maintenance fees are approximately RM 200 to RM 420 per month, which covers 24-hour security and upkeep of the pool/gym.
The immediate road (Jalan Seri Bendera) is very quiet. However, the main arteries leading to the area (Jalan Ayer Itam and Jalan Hill Railway) can become heavily congested during peak hours, school drop-off times, and public holidays due to tourist traffic to Penang Hill and Kek Lok Si.
Sri Bendera is often viewed more as an owner-occupier choice rather than a high-yield rental investment. Its primary value lies in its freehold status, low density, and unique "hillside" lifestyle, which holds value well for long-term residency.
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