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Setia Sky 8 is a high-rise residential project being developed on freehold land in Sungai Ara, Penang. Slated for completion in several years’ time, the project comprises 3 sizeable complexes which will house 534 condominium units over a multi-level podium designed with impressive water features and green elements.
Though extensive details of Setia Sky 8 is not available, the homes are expected to come in spacious built-up sizes ranging between 1,100 sf to 2,000 sf. With the number of units to be made available, it is hoped that there will be a good selection of layout types as well.
Life at Setia Sky 8 will promise to be a wholesome one, with a myriad of leisure and fitness facilities available to residents. These include a swimming pool, jacuzzi, gymnasium as well as a squash court and tennis court. There is also a children’s playground for the young ones, with 24-hour security provided.
Located higher up in the hilly terrain of a newly-developed part of Sungai Ara, amenities in the immediate vicinities of Setia Sky 8 are still close to none. However, as more developments begin cropping up there, commercial lots housing amenities will also follow. For now, Jalan Dato Ismail Hashim, where the property is located just off, provides conveniences like stores, eateries and a few schools like SJK (C) Chong Cheng, SK Bayan Lepas, SK Mutiara Perdana, SK Sungai Ara and SMK Sungai Ara.
Setia Sky 8 is also within reach of other amenities, given its accessibility to major roads like the aforementioned Jalan Dato Ismail Hashim, Jalan Tun Dr. Awang, and Jalan Sultan Azlan Shah. As such, the town of Bayan Lepas is mere minutes away, south of the development, while Bayan Baru is about 10 minutes in the opposite direction. Jalan Sultan Azlan Shah and its alternative, the Tun Dr. Lim Chong Eu Expressway, links to the Bayan Lepas industrial zone, the first Penang bridge and even Georgetown further up the island, about 30 minutes away.
The Setia Sky 8 units are priced from RM500,000 upon launching, an entry price which is considerably affordable. The development, with its pricing and location, is evidently geared toward the majority working population of Penang, who are within the medium to upper-medium income range.
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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 8 | 0 | NIL | NIL | NIL | NIL |
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 | RM2,000 - RM2,000 | 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 1,740,000 psf | - |
4,000 SQ. FT and above | - | RM 3,300,000 psf | - |
Note:
Down Payment (10%) | RM 50,000 |
Loan Amount ( 90 %) | RM 450,000 |
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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