Solaria Residences in Sungai Ara, Penang, is a mixed development of condominium residences and retail shop lots within the community of One Residence. The One Residence township is a combination of landed and non-landed homes, namely double-storey terraces of Sathu Terraces, Dua Villas, and Ideal Haus, Tree Residency link homes and twin villas, and Fiera Vista condominiums. Solaria Residences will further add to the existing portfolio of high-rise residences along with commercial retail outlets.
Solaria Residences will house 399 condominium units and 20 retail shop lots, making it a total of 419 residential and commercial units within the 25-storey building. All Solaria Residences homes come in the standard sizes of 1,130 sf. However, there are 6 varieties of layouts which differentiate the units. Type A and Type B come with 3+1 bedrooms and 3 bathrooms while Type C, Type D, Type E, and Type F have 3+1 bedrooms and 2 bathrooms.
Residents of Solaria Residences will have access to an array of facilities and amenities designed for leisure. These include the inescapable swimming pool, and gymnasium, while a basketball court is also available for some extra workout. Entertaining guests are also made easier with a barbecue pavilion, function deck and party halls which residents can make full use of.
Retail outlets at Solaria Residences will be 2 storeys in height with built-up spaces of between 1,100 sf to 1,650 sf. The shop lots are ideal for businesses such as convenience stores and eateries given its location just below the residences. Business owners or investors may consider the retail outlets for setting up shop or renting it out due to its potential to capture a wide market. The retail outlets will mainly cater to the residents of Solaria Residences, and even those living within the other neighbourhoods of One Residence.
Apart from amenities within the compounds of Solaria Residences, other conveniences are also just a short distance away. The property, though located in Sungai Ara, is within the vicinities of towns such as Bayan Lepas, Bayan Baru, Bukit Jambul and Batu Maung where numerous eateries, banks, schools and even a Giant hypermarket (Bayan Baru) are a short drive away.
Solaria Residences is situated at a strategic point where access to the Tun Dr Lim Chong Eu Expressway, Jalan Tun Dr Awang and Jalan Paya Terubong are just minutes away. These roads and major highway connect the property to the industrial zone of Bayan Lepas, the Penang International Airport, the second Penang bridge (and thus, mainland Penang), as well as Georgetown further up north.
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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 (%) |
|---|---|---|---|---|---|
| Solaria Residences | 0 |
RM430,000
-
RM820,000
RM 448 psf - RM 717 psf |
RM1,100 - RM1,100 | NIL | 3.46 % |
| Setia Tri-Angle | 2015 |
RM430,000
-
RM1,088,888
RM 383 psf - RM 621 psf |
RM1,100 - RM1,100 | NIL | 2.81 % |
| Mont Tierra Residences | Oct 2014 |
RM1,080,000
-
RM1,150,000
RM 366 psf - RM 383 psf |
From RM2,000 | NIL | NIL |
| 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 % |
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 57,200 |
| Loan Amount ( 90 %) | RM 514,800 |
| 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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