Setia Pearl Island, launched in early 2007, is a 112.6-acre development in Sungai Ara, Penang, occupying the site of what used to be the Pearl Island Country Club. It consists of six different zones, which are conceptualised as idyllic isles in a tropical dream island, each with their own distinctive character and appeal.
The first of the six zones to be launched was the Isle of Life, featuring five designs of 20 ft x 70 ft 3-storey terrace houses built facing a lake. Targeted at larger families, these houses come with five bedrooms and four bathrooms, as well as a built-up area ranging from 2,337 sf to 2,720 sf.
Isle of Aroma, the subsequently launched zone, offered five terrace house designs, also sized at 20 ft x 70 ft land area. The development also established a show village, named the Isle of Palm, which features 3-storey semi-detached houses of 2,155 sf to 3,975 sf. Out of the 30 units, 14 are new exclusive houses, with the rest functioning as show units.
Other zones are the Isle of Discovery and Isle of Views (both yet to be launched), as well as the Isle of Conifer, with 3-storey terrace and semi-detached houses set amidst a beautifully-landscaped setting, overlooking a meadow of pines, spruces and fir trees.
Setia Pearl Island is served by 24-hour security services, CCTVs and a clubhouse with extensive facilities such as a swimming pool, outdoor Jacuzzi, squash and tennis courts, a gymnasium and ballroom.
Within Setia Pearl Island, you can also find Reflections, a 25-storey condominium tower with 315 units of 1,077 sf to 1,512 sf, as well as the Setia Tri-Angle, a freehold mixed development completed in 2015 comprising 72 SoHo units, retail lots, corporate suites and 225 units of low-rise residences.
From the highly-accessible Setia Pearl Island, it takes barely 10 minutes to reach the Penang International Airport. The development is 9 km to the Sultan Abdul Halim Mu'adzam Shah Bridge, otherwise known as the Penang Second Bridge, and 15 km to the Penang Bridge.
Setia Pearl Island is also conveniently located close by the Tun Dr Lim Chong Eu Expressway (Jelutong Expressway), Bayan Lepas Expressway (BLE) and various other schools, colleges, universities, shopping complexes, hotels and hospitals.
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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 Pearl Island | 0 |
RM950,000
-
RM3,900,000
RM 399 psf - RM 640 psf |
RM1,600 - RM1,600 | NIL | 1.26 % |
| Setia Tri-Angle | 2015 |
RM430,000
-
RM1,088,888
RM 383 psf - RM 621 psf |
RM1,100 - RM1,100 | NIL | 2.81 % |
| 35 Pearl Villas | Oct 2014 | From RM3,287,880 | NIL | NIL | NIL |
| Fiera Vista | 2014 |
RM610,000
-
RM6,100,000
RM 418 psf - RM 4,206 psf |
RM1,200 - RM1,200 | NIL | 0.61 % |
| Meridien Residence | 2014 |
RM510,000
-
RM950,000
RM 376 psf - RM 539 psf |
RM550 - RM550 | NIL | 1.52 % |
| One Residence | 2014 |
RM1,850,000
-
RM1,850,000
RM 616 psf - RM 740 psf |
RM1,900 - RM1,900 | NIL | 1.26 % |
| Ideal Haus | 2014 |
RM800,000
-
RM1,250,000
RM 547 psf - RM 800 psf |
From RM1,200 | NIL | NIL |
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 | - | - | - |
| 1,000 - 1,500 SQ. FT | RM 488 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 452 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,500,000 psf | - |
| 4,000 SQ. FT and above | - | RM 3,300,000 psf | - |
Note:
| Down Payment (10%) | RM 37,572 |
| Loan Amount ( 90 %) | RM 338,148 |
| 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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