Setia Pearl Island is a township development located at Sungai Ara, Penang by SP Setia. Setia Pearl Island is well located at the heart of modern conveniences with linkage to network of roads, bridges and expressways. Conveniences are further enhanced with the availability of landmarks such as Penang International Airport, Free Industrial Zone, shopping complexes, colleges, golf course, Penang International Sport Arena.
Setia Pearl Island comprises 6 Isles, each with its individual style & theme.
The Isle of Life
Alstonia, Ardisia, Carica, Eugenia, Carallia
The Isle of Aroma
Angelica, Jasmine, Lavender, Rosemary, Plumeria
The Isle of Conifers
Aura & Caria, Cedar, Cypress, Juniper, Caribea, Casuarina, Pearl Villas
The Isle of Palm
- Semi-Detached Show Village
The Isle of Discovery
- Future Development
The Isle of Views
- Future Development
Property Project : Setia Pearl Island
Location : Sungai Ara, Penang
Property Type : Terrace, Semi-Detached
Tenure : Freehold
Developer : SP Setia
48 comments
Should wait. Don't buy yet.
50% of the total units are still in the hand of investors.
Let's see how long they can hold.
The macro-economic outlook is not on thier side.
wait long long
It has been more than 2 years since OC obtained for Phase 1 & 2. Those who can hold for last 2 years highly likely can hold for another few years.
Is there any point holding something that you cannot sell and don't intend to use? Who is the ultimate beneficiary? Of course, the developers and banks...:)..Well, if you guys keep insisting on stuffing money into their pockets, not much can be done...:D
Hello everyone,
I know this is not the site, but can someone tell me about houses in Taman Pekaka - how is the area? and what are the prices for the terrace houses there now? thanks. M.
the pearl villas that going to build by the slope along the access way, do you guys think will it make the whole SPI better, or make thing worst like congested, ...
not many post lately... very boring... and quiet... what happen to investors or house buyers or agents? nothing to post about SPI? ZZZzzzzz....
Is there any SP Setia blog where we can get some info related to SP Setia??
Looking at the current property market, SPI is no doubt one of the most affordable good place to stay in Penang.
A genuine buyer who opts for stay would prefer SPI over other new launch projects that tends to be speculative in its nature. I would agree its sub-sale price is still affordable to many working couples.
Recently not much "on sale" stickers seen in Phase 1 anymore.... is that a good sign?
To SPI owners, is the tv reception good with tv antenna? Or do I need to opt for astro?
SPI speculators will face tremendous pressure from One Residence, Two Villas and Tree Residency.
There are still many units around in SPI.
Be ready to hold for another 2 yrs at least.
Hi tan, i think it's too naive to assume there would be no speculators in one residence projects. Any property launched before last year tends to be highly specuative due to easy loan and little down payment. lucky thing is SPI went thru that phase and has come out from the selling pressure 2 years ago. If I were to be future buyer for own stay, I would prefer SPI not only from ready units perspective but also from investment risk perspective. Just my 2 cents.
I believe many "seaside property" investors must be praying very hard during April 11th earthquake and Tsunami Alarm. This should send them a strong reminder on the supreme risk for such property investment and I believe more to appreciate the solid granite rock and high round that SPI builds on.
According to American media, within this 10 years there will be another strong earthquake in the same area.But Seri tanjung pinang is selling at a crazy price.
HAI, it seems that putting a few yatchs and getting few pubs does help to lure more investors there and pay rocket high price for the property...and surprisingly no one bothers to talk about the abnormally low occupancy in Sri Tanjung Pinang...whether the high price of Sri Tanjung Pinang can be sustainable or just a market hype, we shall see in the next round of market correction...
Jazzel & guys,
<RM800k will be hard for SP Setia. Perhaps you can buy the Persiaran Kelicap double storey houses with around 1400sqft - 3000sqft land size and 1800sqft build up with <RM800k. I can still see some on sale at www.mudah.com.my.
I think they won't be there for long when people realise that area since more and more people know about Sg.Ara now with SP Setia + One Residence projects.
Lavender selling for RM850k... is this considered a good price?
http://www.mudah.my/SP+Setia+Terrace+1400sq+Lavender+Sg+Ara-16915337.htm
Do not buy yet.
The investors are facing a lot of competition (due to oversupply of Landed Hse in Sg Ara/Relau) from One/Two/Three Residences, Sunway Merica, Setia Green, Sentral, Bayan Residence, Setia Vista ...etc.
@lim
Wow. This is the first time in last 5 years I have heard Penang landed property is over supplied. Anyway, since Setia Setia OC in 2009, we have seeing lots of comments of oversupply of landed in Sg Ara area. Hoping price to drop. Unfortunately, prices continue to climb. Especially for Phase 1 and 2, owners without holding power have already disposed/sold their properties. Remaining are those for own stay and those with holding power. So do you think SPI houses will drop in price? I wish too. But doubt my wish will come true.
My advise to all property owners be it Setia projects or others. House are roof over our top. It doesn't matter whether the price goes up or down. If we like the house we bought, we will stay there for the rest of our life. We never have to sell it just to earn that extra thousands in exchange for another smaller house in a different neighbourhood or a bigger one in a place where we lost touch with neighbours we know for many years. For those who buy to invest, just ask how much you earn when you buy at 500K and sold it for 700K, then buy it at 800K to sell it for 1000K. It's better to hold it and never sell it because in the end of the day, the value will still keep on increasing. Be wise and think hard before making any move. The price of the house is based on the value we get when we stay in that neighbourhood, not what the price set by the market. If it's difficult for you to find a replacement, why should you worry so much about the market value? Hope you can see the wisdom in my comments.
We see a few investors renting >$1M Semi-D in Sg Ara (Zan Villa) to foreign facotry workers with 20 people per house.
They are frustrated and desperate because they cannot find buyer and tenant.
Does it mean oversupply?
@Tan
there are owners/investors who wanted to wait for even higher price. Thus, not wanting to let go for the time being. Fearing not able to get a landed house after sold the current ones. Thus, renting out to any tom, dick and harry to get some passive income for time being. Sad but it is the fact. Ghee Hiang Residence will be selling >1.6m for 20x69 terrace, and >1.9m for 20x80 in Batu Lanchang. IMHO, ridiculous price, but it is developers' market now.
Shouldn't support this type of developer. It spoil the whole market. When there is no demand the price will drop.
Let the developer sell to their own relatives and friends
@Unknown
Problem is, there are always people with tonnes of $$ in Penang to snap up properties especially landed houses in prime, limited land area. :(
Terrace house 1.6 million definately is too expensive cannot untung anymore. People who snap the properties all is the developer themself. The real buyer is very few. Just immagine in the market how many people can effort to buy a terres house for RM1.6 Million. Graduate salary only
3K .
Bussiness man also not so stupid to get a house for this wonderful price
Southbay in Batu Maung want to sell 1 Million also so susah already don't talk about 1.6 Million in Batu lanchang
房貸萎縮12%
分析員表示，儘管商業貸款維持健康，但卻不足以抵銷家庭貸款申請疲弱利空，其中6月房貸申請按年萎縮12.2%，顯示銀行業者依據國家銀行推行的責任放貸指南，轉而實施更嚴謹放貸活動。
聯昌研究也表示，受到消費貸款項目走低影響，特別是6月房貸按年挫跌12%，整體的貸款成長潛在放緩，加上賺幅受壓抵銷投資銀行收益強勁利好
但提醒住宅貸款面臨的下滑風險最大
http://biz.sinchew-i.com/node/63488?tid=23
Bro, southbay cant even get 1mil already. At least 1.2m or 1m facing TM station.
Tg tokong EnO terrace, last transaction 1.9m. SemiD 2.8m.
Go to Mudah.com You can easily get 1 million or 1.03 million for southbay.
1.2 Million wait long long loh got price no market.
ENO terrance transaction is for people who refinancing. Anybody also can refinance their house at higher price to get done the transaction.
Did you call the agent who post in mudah ?
They will say, they have.
You told them, you dont want jalan southbay 7.
If they have unit below 1.15m.
You can just chop my head down ...
*Peace
Dont just see, please call and ask.
I dont like mudah advertisement.
Fyi, a lady from alor setar just bought 1 unit in southbay 1.2m and 2 units sold at 1.15m last mth
How you will refinance, if the value is not there. Right?
U have condo, currently 500k. You walk in for refinancing, will they finance or you at 600k ?
STCY the message you post seem like you are one of the southbay owner.
There is a few units of southbay which would like to sell below 1.15 Million. You can call any agent they are happy to help you.
The bank will mark up the market value of the property just to get the bussiness. 500K condo can also refinance at 600K lah this is the banker who told me.
Sorry, im an agent.
And my client looking for it.
Already call the agent, thats why im so sure.
Bank can fo it, its all depend on valuer.
My senior is a valuer for 20years, they have license. And they cant simply quote its illegal.
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=235608&NoForm=Form2
Permohonan Kebenaran Merancang Bagi Cadangan: a) Merobohkan Rumah Kelab Dan Struktur-Struktur Sedia Ada b) Cadangan Untuk Mendirikan 3 Blok Pangsapuri Kos Sederhana Yang Mengandungi: i. Pangsapuri (Blok A) 25 Tingkat (173 Unit) ii. Pangsapuri (Blok B) 26 Tingkat (181 Unit) iii. Pangsapuri (Blok C) 26 Tingkat (181 Unit) Dengan 1 Tingkat Ruang Rekreasi Dan 6 Tingkat Bawah Tanah Tempat Letak Kenderaan Di Atas Lot 11930 & 70046, Mk 12, D.B.D., Persiaran Kelicap, Pulau Pinang
SPI phase 3 jialat dy
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Setia Pearl Island semi-d for sale: Rm 1.7mil
3-Storeys Semi-Detached Houses Aura type @ Isle of Conifer, Setia Pearl Island
Land size 32' x 80' sq ft (2,560 sq ft)
Built-up approximately 3,214 sq ft
new and original
Auspicious house number, road number & the house faces north-east.
New and original unit with a balcony on mid-level.
Gated and Guarded area.
For more information or To view the unit, kindly call Kevin 017 4987068
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Owners who are willing to let go or rent can contact me too. TQ
Sp Setia Pearl Island For Sale:
- Three storey terrace
- Land app: 1400sf
- Build up app: 2200sf
- Bacis reno
- Well maintain
- One of the cheapest in market
Only asking : Rm 1.065mil
Kindly contact me for more info or arrange for viewing this unit Kevin: 0174987068
Sp Setia Pearl Island For Sale:
- Type : Casuarina (Phase 3)
- Approximate Land Size : 20' x 65' = 1300 SF
- Approximate Build-Up : 2740 SF
- 5 Bedrooms + 1 Utility Room & 5 Bathrooms
- New and original
For more information or To view the unit, kindly call Kevin 017 4987068
- Type : Casuarina (Phase 3)
- Approximate Land Size : 20' x 65' = 1300 SF
- Approximate Build-Up : 2740 SF
- 5 Bedrooms + 1 Utility Room & 5 Bathrooms
- New and original
Only Asking 1.25mil
For more information or To view the unit, kindly call Kevin 017 4987068
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Owners who are willing to let go or rent can contact me too. TQ
Setia Pearl Island For Sale:
Type: Rosemary
3 storey terrace
Land : approx. 1400sf
Built : approx. 2200sf
Original Condition
Only asking : 1.12mil
Gated community
Low maintenance fee
Asking Price RM1.12mil
Few units on hand with diff design.
For more information or To view the unit, kindly call Kevin 017 4987068
Setia Pearl Island For Sale:
Type: Rosemary
3 storey terrace
Land : approx. 1400sf
Built : approx. 2200sf
Basic renovation
Gated community
Low maintenance fee
Asking Price RM1.08mil
Few units on hand with diff design.
For more information or To view the unit, kindly call Kevin 017 4987068
URGENT for Sale🔥
Setia Pearl Island
Type Jasmine
LA 1400sf
BU 2200sf
Tastefully renovated and furnished
Asking 1.35mil (Bank value 1.4mil)
Ang 016.495.6082
REN08832
LynL D’Realtor
Setia Pearl Island For Sale:
Type: Angelica (Phase 2)
3 storey terrace
Land : approx. 1400sf
Built : approx. 2400sf
Basic renovation
Gated community
Low maintenance fee
Asking Price RM1.1m
One of the cheapest in market
Few units on hand with diff design.
For more information or To view the unit, kindly call Kevin 017 4987068
Setia Pearl Island For Sale:
3 storey terraced intermediate unit for sale, land 1,400sf, build up 2,400sf. Original condition, well maintain. Gated community.
Asking for RM 880,000 only!!
We are exclusive agency for this unit.
Viewing available, key on hand.
Interested please call Yeoh at 019 520 3313.
Sp Setia Pearl Island, Isle Of Palm, phase 1, 2, 3 available for sale.
Phase 1 880k onwards
phase 2 920k onwards
phase 3 1.15m onwards Semi D 1.55m onwards Pearl Villas 3.0m Onwards
Kindly Contact Jacyntha Lee @ 012-4384983 For More Information, Thanks.
Website: www.jacynthalee-properties.com
watsap.me/send/60124384983