Setia Sky Vista is a luxurious high-rise located in the Relau township on the island of Penang, targeted for completion in the first half of 2019. According to a report by the developer, the apartment made sales of RM55 million in the fiscal year of 2015. It’s not difficult to see why, as it offers residents well-designed units and upscale facilities at an affordable price.
The 426 units of Setia Sky Vista are spread over two blocks (34 storeys and 30 storeys respectively), connected by a sky bridge on level 18. When it was first launched, the selling price for its units started at a modest RM550 psf, with units ranging from 910 sf to 1,479 sf.
With two- and three-bedroom configurations, Setia Sky Vista’s units are suited for single working professionals, young families and empty nesters alike. Living up to its name, each unit offers a grand view either of the island’s cityscape or green hills.
Much attention was given to anticipate the needs of prospective residents. The fittings and finishes in the Setia Sky Vista units are practical and of superior quality, such as solid core timber doors for the main entrance doors, air-conditioning systems in each unit and porcelain tiles in the foyer, living, dining, kitchen, family room and bedrooms.
Facilities within the condominium are plentiful, befitting its high-end concept. They are divided into three zones – the relax zone, fitness zone, and social and play zone. The relax zone consists of facilities like a jacuzzi, swimming pool and sauna, while the fitness zone encompasses the yoga deck and gymnasium. The social and play zone is the largest of the three, with facilities like the water volcano, stream, nanny hub, playground, picnic area and multifunction hall.
Traffic can be rather heavy in the area nearby Setia Sky Vista during rush hours. Nevertheless, the congestion is an indication of the number of major roads and highways running nearby or through the area, such as the Tun Dr Lim Chong Eu Highway (Jelutong Expressway) and Jalan Paya Terubong.
Setia Sky Vista is also set within easy reach of the SJK (C) Min Sin, a Chinese primary school, and on the brink of Taman Awam Metropolitan Relau, Penang’s second largest recreational park – great for lovers of outdoor activities like mountain biking, hiking and jogging. Less than 15 minutes away are the Bayan Lepas Free Industrial Zone, Penang International Airport and the Second Penang Bridge.
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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 Sky Vista | Feb 2019 |
RM490,000
-
RM820,000
RM 538 psf - RM 577 psf |
RM1,800 - RM1,800 | NIL | 3.48 % |
| Skycube Residence | 2017 |
RM550,000
-
RM2,000,000
RM 370 psf - RM 724 psf |
RM1,000 - RM1,000 | NIL | 1.69 % |
| Sierra Residences | 2015 |
RM410,000
-
RM580,000
RM 395 psf - RM 577 psf |
RM950 - RM950 | NIL | 3.33 % |
| Oasis Residences | Dec 2011 |
RM1,280,000
-
RM1,380,000
RM 374 psf - RM 404 psf |
From RM3,000 | NIL | NIL |
| Metro Residences | Mar 2011 | RM1,080,000 - RM1,500,000 | From RM2,000 | NIL | NIL |
| Setia Vista | 2011 |
RM205,000
-
RM1,150,000
RM 292 psf - RM 574 psf |
RM1,600 - RM1,600 | NIL | 2.83 % |
| Sentral Greens | Nov 2010 |
RM180,000
-
RM1,300,000
RM 276 psf - RM 500 psf |
From RM2,800 | 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 | RM 560 psf | - | RM 714 psf |
| 1,000 - 1,500 SQ. FT | RM 430 psf | RM 750,000 psf | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 68,550 |
| Loan Amount ( 90 %) | RM 616,950 |
| 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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