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Setia Greens is a 29-acre gated and guarded residential development in Sungai Ara, Penang. Phase 1 of the project – 18 units of 3-storey semi-detached houses and 149 units of 3-storey terrace houses set in landscaped grounds with wide roads and a sizable pond – was completed in 2013.
There are 4 designs of terrace houses available, ranging from the smallest type, Dillenia, with a built-up area of 2,436 sf to the largest type, Cordia, with a built-up area of 3,212 sf. The Ehretia and Dillenia types come with 4+1 bedrooms, 4 bathrooms, smaller balconies and a master bedroom suite occupying the whole 2nd floor, while the Cassia and Cordia types have 5 bedrooms, 4 bathrooms and larger balconies, and the latter is designed with a rooftop terrace.
The Citrus 1 and 2 semi-detached houses are even more spacious, with built-up areas starting from 3,136 sf and land areas of 32’ by 78’ onwards. They feature walk-in wardrobes-cum-dressing areas and a lanai or veranda opening off every bedroom (except the guest room). The landed properties share facilities like a jogging track and playground.
Phase 2 of Setia Greens includes 3-storey bungalows, 3-storey semi-detached houses and the Setia Pinnacle, a 38-storey luxury condominium with 434 units, expected to be completed in Q4 2016. For Setia Pinnacle, three different layouts are offered – Type A with 2+1 bedrooms and 2 bathrooms, as well as Type B and Type C with 3 bedrooms and 2 bathrooms each. A wide spectrum of facilities is provided, from an infinity lap pool to a Tai Chi and yoga deck, to a 3-tier security system.
The Setia Greens development is conceptualised as a environmentally-conscious project, with features like rain water harvesting, paint with low volatile organic compounds (low-VOC), solar water heaters, water-efficient fittings and a cool-roof system implemented into the landed and high-rise units. In fact, these features led to Phase 1 and Phase 2 of Setia Greens getting a Green Building Index rating.
While Setia Greens is relatively far from Georgetown, it is an ideal living place for those working in the south or southeast of the Penang Island, as it has good connectivity to the surrounding towns via several main roads like Jalan Tun Dr Awang and Jalan Dato Ismail Hashim.
There are also host of basic lifestyle amenities nearby like clinics, retail outlets, supermarkets, public and international schools, cafes, restaurants, petrol stations and banks. It is no wonder that the units in the Setia Green are popular with both investors and buyers, and have seen a good rise in value over time.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Setia Greens | Dec 2016 |
RM470,000
-
RM1,500,000
RM 423 psf - RM 626 psf |
RM2,000 - RM2,000 | NIL | 3.35 % |
Skycube Residence | 2017 |
RM550,000
-
RM2,000,000
RM 370 psf - RM 724 psf |
RM1,000 - RM1,000 | NIL | 1.51 % |
Sierra Residences | 2015 |
RM410,000
-
RM580,000
RM 395 psf - RM 577 psf |
RM950 - RM950 | NIL | 3.33 % |
Idaman Iris | 2013 |
RM350,000
-
RM480,000
RM 411 psf - RM 564 psf |
RM950 - RM950 | NIL | 3.4 % |
Zan Pavillon | Dec 2011 |
RM300,000
-
RM1,100,000
RM 301 psf - RM 542 psf |
RM2,000 - RM2,000 | NIL | 3.52 % |
Oasis Residences | Dec 2011 |
RM1,280,000
-
RM1,380,000
RM 374 psf - RM 404 psf |
From RM3,000 | NIL | NIL |
Idaman Lavender | June 2011 |
RM310,000
-
RM395,000
RM 413 psf - RM 526 psf |
RM800 - RM800 | NIL | 3.65 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | RM 560 psf | RM 485,000 psf | RM 714 psf |
1,000 - 1,500 SQ. FT | RM 471 psf | RM 565,000 psf | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | RM 1,141,000 psf | - |
Note:
Down Payment (10%) | RM 89,800 |
Loan Amount ( 90 %) | RM 808,200 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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