Setia Sky Vista
Setia Sky Vista, a condominium development within Setia Vista in Relau by SP Setia. Comprises two 30 & 34-storey towers that house a total of 426 residential units. These units come in built-up sizes ranging from 926 sq.ft. onwards.
Property Project : Setia Sky Vista
Location : Setia Vista, Relau, Penang
Property Type : Condominium
Built-up Area: 926 sq.ft. onwards
Total Units : 426
Indicative Price : RM470 psf. onwards
Developer : SP Setia
Register your interest here
Location Map:
Wow! Realu area RM550 per sq ft….. prices going up again!
OMG! The pic posted seems like a compact sardine fish packaging rather than SP Setia earlier project who preached on greenery and healthy environment. As usual, $$$ is the evil root of greediness.
Still not public launch yet..Guess it will comes with attractive package to boost the sales. Well, eyes on it.
I rather say it is a deceptive package to bolster sales….raise price and then give a discount. Looks good so fools jump in and join the frenzy.
RM550/sqft for a 926sqft unit…..that’s about RM500k. Sap sap sui lah! 10% downpayment and the rest loan (~RM450k), that’s about RM2k+ installment every month, a pretty affordable number for families today. That’s from the affordability point of view.
However, one might ask why would anyone have to pay RM550/sqft for relau? Well, the answer is, if you find anything below RM700/sqft in prime areas like pulau tikus or tanjung tokong for a new property (or a fairly new one), you should call that a bargain and place your order at once!!…..:)
SP Setia try to jet the price at that area, don’t think it’s will sell like hot cake at this price.
One thing i like is new Setia 7 Home Plan… FREE MOT. But of course the cost added in the selling price. Setia product comes with nice package with heavy price tag.
Why Setia so rush to introduce so many projects to the market in a short time?
Cause after election, price going to go down. Better government better country.
@AES
Not really. Some of the projects not yet launched, like this one.
Can’t help to agree with you. Location which is not favorable 10-20 yrs ago is booming due to scarcity of land. Farlim, Jelutong, Relau, Sg Ara, Teluk Kumbar and even Batu Maung experiencing a rapid growth now. However, many people still cannot accept the facts that price is escalating in these places. When our society moving forward to better development, human’s mind still stuck with old mindset.
@AES
Only launch end of this year lar.
Penang property to grow 5-10%, says REHDA
Buoyed by a growing demand for homes, Penang’s property sector will enjoy a growth of between five to 10 percent in 2013, according to Datuk Jerry Chan, Chairman of the Real Estate and Housing Developers Association (REHDA) Penang.
This demand for homes will be sustained, thanks to a boost in population, employment and foreign investments. Hence, it is now the perfect time to invest in Penang property, said Chan.
Build up Getting small and smaller. Thanks to SPICE project, approval for high density high rise for SP setia.
“When our society moving forward to better development, human’s mind still stuck with old mindset”. Negative. Concrete jungle in place of natural greenery is not everyone’s aspiration. Neither is inflated prices for a pigeon hole a joy to behold! A boost in population yet such miserable occupancy for so many condos. Are we fools to believe the datuk or wise enough to think the market has been manipulated and massaged?
The market has surely been manipulated and massaged, and who should we blame? Ourselves? Rehda chairman? Bloggers who have nothing better to do? Or the administrators at KOMTAR who have all the powers to regulate the way properties are being sold and resold, and yet DID NOT have the will to do what’s required?….:)
Of course most people looking for a good location, good accessibility, low dense, green and healthy living environment. Yet, the fact is the property prices in this places are escalating and is unaffordable to majority buyer in Penang (put away Teluk Bahang and Balik Pulau). Quoted from Cantonese: Yao Tao Fatt Bin Koh Xiong Zou Lat Lei..
Hong kong city in making. Soon penang ppl will only afford bird cage size of living place.
Greediness? Do you think developer will build the house by prioritise your living quality and comfort? Certainly not! But they build for maximum profit! RM550psf, consider very cheap, don’t think it will come with attractive discount or etc. But the selling point would be the building architecture, facilities, sky garden, 2 car parks, 3 tier security, and etc.
University Place ‘cheap condo’ already sold at RM480k for only 950sf. This one with 926sf selling at RM510k, consider very very cheap already, will sold out very soon (whether you believe or not, all will sold out soon), like previous years that you always not believe on the price on new condo, while you still bising bising on the price tag, buyers will quietly sapu habis. RM550psf, with this price, where you can find in Penang with this developer quality?
A lot of buyers are waiting to grad this project. if u dun believe, please go and see when spsetia launch it. U will regret after three years when u compare the price.@sp
These developers are getting greedier by the minutes! 250K-300K is kind of logic!
I dun think u can get this price as such design, facilities and semi furniture .For the LMC fr state government also cost RM 120k for 700sf.@Terror
@condomana
Not meant to talk about politic, but I think the key “contributor” is actually federal government. E.g. the DIBS should not be allowed to be so wide-spread at the first place.
Guys, looking at the price tag..what’s wrong with Zan Pavillion(1990 sq ft) which currently available for 6xxk, not even 700k after discount, it is only rm3xx per sq ft meanwhile this SP Setia is asking 550 per sq ft..
If your logic stand, then congratulation to Setia Pinnacle & Reflection owners. The smallest unit (1050~1077sf) can sell ~580K onward now.
hmm….not apple to apple to compare U PLACE.
location, connectivity and density mix is very excellent there.
The final price and discount package will be determined by number of registration. SPS has their own formula to set price. I guess the min price should be around 500psft after discount. Go register with SPS if you want them to set new price standard for condos in Relau.
@ nd4spd , u know y ( i share my view only ), assume ZV fully occupied and those unit >2 cars, and when u wanna go home that pass thru the road sure TL.
@Call
Gg home not a problem cos diff ppl go home at diff times….only TL when gg to work or send kids to school….
@Call
I see, that’s bad
i will not buy because it will become 2nd BJ Court, over >30 floor, what do you expect it to be ?
where got land to build there?? almost hill side!!
@Tambun
Put aside high rise, high density..price tag >500k, will it turn to BJ Court?
How about those 700-800sq ft Idaman series..become 2nd paya terubong
Definitely Relau will be another high density residential area after Paya Terubong/ Farlim, if all the new projects will have >50% occupancy rate.
High end and low cost all under one roof. Should be a good balance.
@Bryan
Good benchmark to Reflection Condo, RM550psf for current asking price (yes, you can say that is just asking price, not selling price), then, just wait and see the transaction made on Reflection Condo, once it is successfully transacted with RM550psf, then the market value will further goes up. Those still thinking this project with 925sf should be selling at RM250k, haha, you wait long long ya…..or, share with us what is your logic behind to say in future, the price will back to that range??
unless all the MNC moving out, follow by economy crisis and bubble burst.. bank negara cant sustain anymore.
Yippie!!! Penang property price going up again!! Huat ah!!
@Economic Crisis
My point is, every property has a reason of selling the such pricing, not by punching the calculator button.
University Place has a good rental market from USM, the rental market push the price up, along with the general property price surge for the past few years.
For Sg Ara, there are a lot of middle working class ppl from FIZ to justify for the Reflection pricing, Pinnacle still good as the physical distance is close to SPICE and Bayan Baru town center. I just wonder what is supporting the pricing of 550psf for this project. The condo nearby is currently selling at ~350psf and below. The gap is so huge.
Branding kicked in.. The ability to selling above market prices.. They did it and EPF buy it..
@Make sense
you make sense…true
@Reflection_Condo
Branding cost >200psf? Hopefully they success and show that property bubbles bursting is still long long way to go.
@Bryan
Yes, branding and ppl trust makes alot.. somemore in this small island.
Difference ppl have difference thought on property burst..
Banker can’t be wrong as they are the part of the burst ownership.
@Reflection_Condo
If banker can’t be wrong, many countries won’t be hit so badly. Everything has up and down, including properties. Just that no one knows exactly when … If the relatively moderate price increase (in sub-sales market) over the past 1 year or so is considered low time, then it is good.
@owner
let’s put this way, banker always have a set of forecast and risk management to reduce the hits to minimal, its like butterfly effect regardless of country or what so ever, its like i help you, you help me concept lol . I been hearing the same things for past decades, but the prices of properties never went down at specific location thus reducing my options and choices. Wait no more if you are capable and gambling with banker for 30-40 years.
Hi Bryan,
If there is still condo nearby selling at ~RM350/sqft, you should buy it as soon as possible. After RM350/sqft sold out, you can start to buy the RM550/sqft….:)
@condomana
Thanks but no thanks! If I like that location, I would have bought the Sentral Greens years ago…..
@Reflection_Condo
Weather forecast for 24 hours can’t even get it right, it’s only in the
name of “risk” management.
@Believer
I added the word “gambling” there
@Reflection_Condo
Yes, you also stated “Banker can’t be wrong as they are the part of the
burst ownership”.
@Believer
They can’t afford the consequences of the mistakes, few decades of history record should be sufficient. It the expert failed, everyone is failed as well. I put my trust on the expert then.
<1000sf condo in Relau cost 500K?? Think twice, who going to stay at such area? ONLY those with middle income factory workers, how much they can earn? 10K for both husband & wife, after deduct EPF & heavy tax, remain 7K, 2.5K for house 1.5K for cars 1.5K for kid, 1.5K for expenses, that would the limit.. Developer very smart, they already markup the price for next 3 years and set at the affordable limit, no point for investment now!!!
Yo monkeyman,
There are many speculators around to goreng the price. Believe it or not it might be snapped up in no time.
After election cost of everything will go up again! middle income family eat sand or may be pay for two generations to service the loan. LOL! father son grandson.
Because election is around the corner @Bryan
Prices of residential properties in Penang will likely continue to increase this year due to higher land and building compliance costs, according to The Real Estate and Housing Developers’ Association (REHDA Penang).
“The market will stay bullish amid rising demand for houses due to a growing population and rising numbers of jobs,” said Datuk Jerry Chan, Chairman of REHDA Penang, during the opening of Malaysia Property Exposition (MAPEX 2013) held at Penang.
The three–day event was graced by major developers such as UEM Land, Sunway Grand, SP Setia, Sime Darby Properties, Mah Sing Properties and IJM Land.
Overall, MAPEX 2013 witnessed 23 property developers and 40 booths, as well as throngs of crowds. Interestingly, the real estate players were also bullish on this year’s prospects.
the developers are the price drivers not the market. Penang has 100k over second hand condos in the market, most of them for prices locals can’t afford.
If you are looking at 250-300K then you can buy those older apartment which is 700sf…Now we are talking about safety, life style, facilities, comfort. If we are progressing and yet having 2000 mind set then I dont see us progressing. From what I see the price is affordable for the majority. Like young couples, both combine income 6K-8k can easily purchase it. If you were to see all Setia’s projects, it is really nice and the environment is all well maintain…
The reason Zan Pavillion is still so empty is because
1) quality issue
2) layout
Having a big size condo but with poor quality and layout…you would feel comfortable staying in it
It wont be BJ court ler, price range so much difference and BJ court is medium cost apartment…we are talking about condo
The design looks luxurious with 2 blocks over 420+ units i think it is quite low density per block and also comes with 2 carpark ready…I also notice many developers are giving 1 carpark and have to you will have to buy another which cost 20k-30k and the parking lot is seperated…I drove through Setia Vista area and it seems quite peaceful…
Any update for this project ? When it gonna launch?
Any package for this project?
marketing is hitting strong for this……. gonna launch damn soon..
Prices of residential properties in Penang will likely continue to increase this year due to higher land and building compliance costs, according to The Real Estate and Housing Developers’ Association (REHDA Penang).
“The market will stay bullish amid rising demand for houses due to a growing population and rising numbers of jobs,” said Datuk Jerry Chan, Chairman of REHDA Penang, during the opening of Malaysia Property Exposition (MAPEX 2013) held at Penang.
The three–day event was graced by major developers such as UEM Land, Sunway Grand, SP Setia, Sime Darby Properties, Mah Sing Properties and IJM Land.
Overall, MAPEX 2013 witnessed 23 property developers and 40 booths, as well as throngs of crowds. Interestingly, the real estate players were also bullish on this year’s prospects.
Just back from SP Setia Bhd Group’s annual ‘Setia 4U Showcase’. Damn many ppl asking the project, SV launch date possible fall on late of sept, the actual price can’t confirm. Do u guy think the price still will increase or not?
Not possible, 550psf already peak in Relau at the moment, depend on floor & type, price range 500-550psf…
Anyone got any news regarding this project from the Setia 4U showcase? Mind to share?
@Jason
Are they not open the Sky Vista for pre-registration during the roadshow in Gurney?
Nothing is impossible, my friend …SKY is the limit…
Not much info they can provide also, many things still unknown. But one thing is per floor will be 10 units, separate by sky bridge, 2 blocks will be 20 units.. consider high dense per floor.. Many types available from 900 to 1500… Just filled in the form for registration… can’t book yet although i bring my cheque book yesterday…
Just one concern, it surrounded by many Low Cost apartments in relau, which bother me.. Anyone have the same thought?
@Monkeyman
Will the sales outcomes perform like pinacles, fully sold out in a blink..
The market sentiment is there, location wise is poorer but re-branded as classy apartment with condo facilities and etc..
Why you bring your cheque while you keep complaint in other project at these so call high des area but keep promote T.Tokong area? With 550psf, what you think those engineer kia able to give you profit in future? Lol@Monkeyman
@Doubt
perhaps he want to test market on this area to prove his theory was right.
Let me put some money into your pocket. Some ppl purchase property bcoz of location, some bcoz of branding. When u got so many projects in these area & if u going to pick one for own stay, what will u choose? Premium quality branded builder vs. LMC design? Greeny environment within the township of Setia Vista or nearby those air polutted factories and noisy airport? 1900 units?
@Monkeyman
You better check what was there before Setia Vista & Oasis Residences. I thought it was closed down but some how so happen that I find white smoke came out behind the Oasis Residences few months back.
First time I heard guy claiming the Relau Valley is good environment for stay. LOL….
White smoke? Your house on fire? Lol.. Anyway I m quite doubtful did u really study the whole Setia Vista site plan or not? Of course it will not the best but it still better than your LMC “condo” lol..
sounds like the heating of argument is cooking up.. preparing kuachee watching the show..
Yes, u can prepare popcorns as well since so many siao kia jumping out from LMC condo topic to here.. lol
still rm550 per sqft is still a good bargain.. heading to rm600 is not very far from now. Surveying Orchard ville left few units of 1244sqft selling rm720k onwards and reflections is fully sold out.. popcorn hour
Dun play play wif reka indah… btw, if u interested reflections check the subsale, if u really serious, i can let go mine one….
How much you would like to let goes your reflections unit? and what you mean play play with reka indah? they setting the prices what..
I mean the “reputation” of this dev.. price pm u..
Haha! You really don’t know what was there. Enjoy your exclusive condo, surrounding by Flats.
@Monkeyman
As long as come out from SPS, everything no problem hor? Must give you best supporter award la. lol.
monkeyman theoretical is correct, if you got chances to view the SPS condo, its make lots of differences compared to other developer..
in term of quality of the build up..
That area is already full of flats.. like or dislike, its always up to demands and speculation.. pinacles is the good examples..
when can book? i wan to book 2 units.
For investment?
Want to listen to my story? Those don’t want to listen to it please skip my message.
One day I went to the wet market there and the morning market. While shopping, the store owner tell me to beware of my bag. There are many of them snapping people’s bag around that area. They will not do the same thing to the store owner because the owner know where they stay. Which means, many of them is actually staying around that area.
Unless some other place take over as the lowest cost residential area. Otherwise, Relau especially Relau Valley will always the most suitable hostel for the foreign workers, after Paya Terubong.
Sorry if offend someone.
@Hemsley
Agreed, but this will be only changed if the area is fully developed. Its take times.
@Hemsley
If you are talking about snatch thief, people also give me the same advise me if I walk along Gurney drive.
If you are talking about foreign workers, it depends on which part of Relau you stay. Go survey the area first before making a general assumption.
My experience teach me that better buy at a place already changed than a place waiting for change. If cheap condo, I don’t mind at this area because the environment already been factored in.
Is the guy at Gurney told you that he know many thieves staying around Gurney? I stay there for years because the condo is cheaper before I manged to move out once afford to do so. But if to return to that area again for those exclusive price, maybe I leave the chance to those who haven’t stay there before. Good also, new experience.
Setia Sky Vista is a good project by it’s own. SPS can change many things, superb quality and design, but cannot do anything on the flats surroundings. If giving the choice, Reflection and Pinnacle is a better place.
I think my grandma story end here la. If continue many people not happy.
lol thanks for your grandma story, i think the buyers in here has factoring this before they make their purchased.. its a good buy actually. SPSetia always producing good end products if compared with other developers in penang.
Setia Tri-Angle also good from Setia.
hmm… just finished my popcorn.. lol.. Is ok lah, my future buyer will be young engineer kia which not going to pasar shopping.. unless u are telling your another granpa story that the theif will stop the car in middle of the road & rompak them lol
Enjoy your utopia. Among the most prestige property in that area, Sentral Green, Setia Vista and Sky Vista. Now 10:55pm. Why not you drive your car deep into that area until the Setia Vista? If you still feel OK, then this is definitely a perfect property for you. lol
Are you sure your future buyer will be young engineer kia? I remember you post below before.
“It can be more than 1000psf depend on project, if South Bay, The Light or Penang World City, u still can find some water fish foreigner buy from you after completion. But if you plan to earn local guy’s money for this project, u can just forget about it, just imagine after 3 years how many projects in Relau, Sungai Ara, Bayan Baru & even Teluk Kumbar??? U think local guy will come & purchase it let say 650K-700K for 1130sf condo kia from you? Which is the minimum earning for property investment. Firstly, 650-700K budget got many choice already in nearby area, secondly, u think those factory engineer kia got this budget after 3 years? “@Monkeyman
Another post for sharing.
@Doubt
1130psf is referring to that LMC condo not this one….
@Doubt
After I went to the setia4u fair, something change my mind…..
just curios, what have changed your mind?
If you go to Idxxl sales office and show room, you may change your mind on the LMC too. Too easy to be influenced by developer brainwash skill.
Haha… dun always judge based on your own assumption.. in fact i m the one who asking question & talk instead of the salesperson, of coz with some observation & forecast it change my mind..
Check on the layout u will knw what i mean..
If comparing Setia Tri-Angle with Sky Vista layout, what is the major differences?
Which one you prefer?
Pricing wise is almost same.
Brainwash skill not necessary by the sales talk. It is included the environment created to make you believe and impressed. Try to visit as much showroom/ sales office as possible. Most of them able to create the Utopia environment to make you see your dream home. No doubt that SPS is superb in this aspect among the all.
Just read in the papers, Setia is hiring their own police to be station at all their Projects…So now basically most or all of SPS are guarded by security guards, now they have added in their own police…Hired and paid by SPS…Think this is good news as they will patrol around the housing area to ensure safety of their residences…
Good job Setia…
@Cardevect
That’s good to hear. In a way, that’s what differentiates a Good developer vs a so so one..a sense of responsibility towards the community. Of course this can only enhance their reputation and consequently improve the marketability of their properties. Similar to Sunrise projects in Mont Kiara where security patrols the streets around their developments. Thats why Mont Kiara remains a popular place for the affluent.
I thought the practices already applied on current Setia Pearl Island, you may see fews pak guard standing on random security post.
@tonton
They are not security guards. These police are add on besides the securit guards…Auxiliary police will be stationed at Setia’s residential sites and because they are actual police they can arrest people…
I went to Setia 4 U exhibition fair @ Gurney and spoke to a sales person and was told that the first tower will consist around 230 units and the other around 180 units. I feel that it is quite good as per tower the density is low.
Personally I like that floor layout as units are either semi d style or individual unit which is not link in a role like typical condo. I was also told that it is split corridoor style and the main door is not facing your neighbour’s door. Looks like there will be more privacy as there are only 5 units on each corridoor.
I went to the site to have a look and it seems that Setia always have their own little community which is good as it has its own identity which is Setia Vista.
@Tan
Setia Vista is indeed a pleasant place to stay…
Thanks for the clarification. Did they said when are they gonna implementing this on penang?
Anyone have the “prelim” floor plan or layout on this project? Please share out. Thanks.
The price is almost same with Setia-Triangle, personally I would prefer Setia-Triangle for own stay, and for investment as well.
is it due to Setia- triangle is combined with commercial lot and office suite, better rental opportunity and convinience? Just thought.
SP Setia Police force just came in this week…This was told by my friend in SPS…
They are wearing ordinary police uniform, the only difference is that they have a SETIA logo on the left side of their sleeve…
Their main duty is to protect the housing area of SETIA besides their regular jobs as a police…
@cardevect
Great news! Thanks. I will sleep even better now…..Thanks SP Setia
Em..
did any one think of.. IF LAH..Just IF only..
that “fat lady” bought over SP Setia.. just like months ago mention in the news,
would their project still support?
is wonder niah..dun shot me ya..thx
Anyway, if any purchaser would like to be updated or register for this project
you guys may contact my friend
Vincent, vincent.lee@spsetia.com
haha hope his email dont get bomb! Lol
Anyone went to the property fair in gurney? Any update on the layout or price?
Was at Gurney for their show case! SPS was saying that it will be around RM550 psf. That is before their early bird package.
Floor plan is good as the units entrance is not facing each other.
Other plus point is that all units are either demi d style or individual units.
Basically more privacy.
Split corridoor with only 5 units on each side
I personally like the layout of the units
first block around 230 units and second block around 180 units.
more info please get from Setia…haha…
This project won’t be launching before Sept-2013… heard this from a sales exec.
Traffic at Relau has became smoother after the redirection of traffic.
I went to SPI office and spoke to with your friend. Manage to see the floor and layout plan. Looks very squarish and proportionate. I think the layout is very good. Took a drive there and although there are apartments along the way, I notice that once we are at Setia Vista area. The feeling is totally different, feels clean, more secure and has privacy.
any 1 buy it during the STAR property fair last week? buy buy buy again?
when start launching?
Anyone calculate how many unit be ready after 2015 in Relau and S.Ara? GT, OI, GV, SP, SS, IL, II etc…..
any update on this project?
I saw a huge communication tower far behind the site. Wondering what is the radiation reading there. Anyone from EHS ( Environmental, Hazard, Safety) can help to check? Again not sure the reading at ground same as the reading at 30th floor. Looking forward for some qualified experts to comment on this.
Any update? when soft launch?
Anyone check on radiation concerns?
is it really stay there can enjoy tropical forest surrounding. in future will they add another condo beside it. then we don’t enjoy tropical forest.
Oversupply in relau and sungai ara area, too many condo launched, imagine what will happen if the traffic issue not solved.
Currently Relau to Sg Ara new road are very jam especially 7.30am until 9.30am as well as 6pm until 7.30pm.Lately very crowded area and a lot of low cost flat as well.resale price will be low…Sad.
Honestly, relau and sungai ara is damned jam sometimes, but batu maung, balik pulau, georgetown area and batu ferringhi also super jam sometimes, how can you definite this? Anywhere in Penang also jam nowadays, is not because relau and sungai ara got more and more residents, but it is because penang has more and more people, and more cars. This problem can only be solved by having multi solutions like LRT, encourage car pool, or take public transport like what other states do…
Condominium in relau, sungai ara, bayan lepas and bayan baru got so many types, later on if you are buying for investment, it is not easy to get a rental return. a)rent foreigners? Do you think ang mo gau will rent relau or sungai ara? If you talk about bayan lepas or bayan baru, maybe is a better choice for them, sea view, easy access other places and convenient… For banglas, yes but pls review back the prices, you will have to rent them more than RM2000 per month, why don’t they go for bj court or other places with rental RM1000++ but choose your place? Do you know how much a bangla earn per month? only RM800 to RM1000++ b)rent student? There are students in INTi college who like to rent around these area, especially d’piazza condo.. just about RM2000 +++ per month, if yo are talking about RM3000 to RM4000 +++ to students, are you kidding me? Students also won’t spend money like that… c)rent workers If you are workers or engineer in factory, what is inside your mind? Do you want to rent house? If you want, how much is your budget? How long are you going to rent until you get your new house? Think please, think….
@Mars
So what do you suggest?
hahah..the condo in island is oversupply in next 2 or 3 years. if too much money, can buy to keep no doubt. if buy for invest, good luck i would say. everyone also think to make money by rent out the unit and hope to get the appreciation, do u ever count how many units available in next 2 or 3 years? penang population can not cater the speed of developer build up the condo. they can make money easily but u? can u jump the salary from 10k to 15k in a month time?
Why i must rent your unit? why i must buy your unit? think deep before u really want to owe bank 1m. eat also think the loan, sleep also think the loan, fcuking also think the loan. why step deep into the mud?
Buy for own stay is different story. i would agree then.
anyway i am not joker, i am also one of the hard earn kuli to buy island property. but i choose not to step into the market now. wait for the right time coming.
If you want to sell it out after 3 years, okay, if I am a buyer after 3 years, what do you think I would have in my mind? I have so many choices to choose, why should I buy from you? Do you think I will try to negotiate with you with a lower price, or else I won’t buy, because I have so many choices? All investor buy it now because they can enjoy DIBS, but subsales will have no DIBS. For a property that cost RM600,000, I need to pay RM2500++ per month after I buy it from you in subsales market 3 years later. Why would I do that?Unless I am buying for own stay, then I will have my own reason to why I buy your condo after 3 years, or else, you must have a very good reason to persuade me why your condo is worth to invest… same goes to rental market, why would I rent from you in which condo, which tower, which floor with which unit? Why? Any special of you for why don’t I rent from the unit beside you, or for the tower beside you, or for other projects? Compete with so many units after 3 years, pls think, you still can make your own desicion…
Sit tight and watch.
Today – Zan Pavillion – Fully reno and furnished, 1990 ft, asking price RM760,000 or RM381/ft.
@HUAT
Up to everyone of you to which property you want to purchase, but you need to reconsider everything if you never think like this before, or you will be the so called “water fish” like everyone else.
@Mars
Yup, got your point from your explaination earlier. To be specific, in your opinion where in penang island then is better than relau for investment specially on rental topic?
How many buyers would there be for sub sales condo in relau, sungai ara & bayan lepas after 3 years? So many units of condo with such a good price, but is it balance for the number of seller with buyer? There will still have buyers for sure, in anytime, anywhere, but you must be special than other people so that you can sell out your condos with higher chances and faster, after all, you need some luck..
@HUAT
I won’t commit anything. I will just throw a point for you all to think. Make your own home work, research yourself. Investment is such a wide topic. Never and never jump into a conclusion after you have heard somebody saying what and what, this is good and that is bad, spin your brain and find your own answer that suits yourself. good luck
Mars@ i like your constructive argument… It’s a breath of fresh air from many nonsense by others…. I can digest your valid point
I wanna buy. When Launch?
admin, can give more details, like floor layout and gym facililities layout?
@Q
Developer mention that around Nov / Dec. Probably they are waiting Budget 2014 to announce first.
@Oven
thanks oven
Warren Buffett’s golden saying “when everybody is greedy, be fearful.”
If you’re walking down the same road with everybody, you’re going to end up at the same place as everybody; which is being a nobody.
Think for yourself, or others will do the thinking for you.
I think with the new announcement from the recent budget…all new project launch will be delay due to no DIBS!
Banks and Developer will put their project on hold until situation is more stablize or when things are more certain.
Setia sales informed me that they will launch this project next year… the RM550psf is still a question mark…
I guess they will launched when move in to new office at sPICE. But will it be good start or not, then depend. Right now SP Setia no more Tan Sri Liew and don’t know still that attractive or not SP Setia
Checked with Setia office and the sales person said most likely this project unlikely to launch within 2014.
Any update?
Most probably will launch at Nov. Anyway I already reserved one unit of 930 sqft one.
You are conflicting yourself 4 months apart.
@James
I think Setia decided to launch earlier this time in order to beat unknown GST factors.
@Ranee
Thanks. Is it open for booking now?
@James
Tentatively will launch at Nov, not yet open for booking now.
I only seen the floor layout at Setia office which only meant for internal circulation.
Those smaller unit 930 sqft will face mountain and hope also got 2 free car parks.
The long awaited Setia Sky Vista is going to launch in a very very short time.
Get your check book ready before it is too late.
Was informed not to release the pricing to others at this moment as the big boss of Setia not yet officially approve.
All units comes with 2 free car park.
Maintenance fee 0.35/sqft.
Very affordable with maintenance fee 0.35cts./sq. ft. !!!!!! Smallest unit
have to pay Rm 324.00 monthly for maintenance. Smallest unit also Rm
510k, very cheap.
Location also near to Taman Alor Vista and foreign workers everywhere.
the maintenance fees surprise me. if i want to stay in 1200 sqft condo i have to fork out rm 420 every month. feel like i am still renting a house or servicing low end car installment.
is this the price to pay nowaday to stay in condo?
Thats why i choose to purchase Reflection recently rather than waiting for this Sky Vista. I see that Reflection will have potential to gain more even though i buy subsale, because it will have Tri-Angle beside, something like E-Gate.
“Tri-Square” also the same as Setia Sky Vista.
@David
Where is “TriSquare” suppose to be located.
Got SMS few minutes ago, open for Priority Booking. Those interested should act fast.
Already booked one unit facing pool, 1150 sqft, lower floor.
Booking fee 6k.
@Ranee
How much psf?
@ islander_or
560 psf for semi d type lower floor.
How much for maintenance fee?
Maintenance fee is 0.35 cent per sq ft. Quite expensive though..
rm0.35 PSF for maintenance fee……very expensive!!
Setia Pinnacle rm0.25 PSF, Skycube rm0.22 PSF
this rm0.35PSF is almost The Light super condo maintenance fee already
any rebate such as free legal fee & free interest during construction? is the 0.35PSF maintenance fee include the 10% sinking fund?
@SP
5%+3% rebate on 1st 10% down payment for early bird.
Free legal fee & stamp duty for SPA & loan.
No DIBS.
Not sure on sinking fund inclusive in the maintenance fee.
@Ranee
Only pay 2% for down payment? quite a good deal
How is the response during the weekend? Anyone of you went to the launching?
This area only have one way out to Relau main road, long Q waiting for the traffic light especially early morning. It is a crowded area due to many low cost & flats surrounded. Furthermore, noticed that some bus kilang/van/lorry/trailer parked along the road at night. Can see a bus stand at the mid road there make this area more worse. Foreign workers a lot ……….another new 88
@JT
Heard 60+ units already being booked during weekend soft launch.
Full refund if cancellation make before sign SPA, if I not wrong.
so less meh? merely more than 10% booked?
All come with 2 car parks? 560psf with 1 cp is expensive compare to other surrounding projects.
All come with 2 cp. front and back instead of side by side. I have faith with SP Setia. This project will shine brightly in Relau.
Hope that the shine is not due to traffic jams of vehicles light. Like u see from far KL/PJ city roads also full of “shines”
Full of cars and noisy.
Traffic issue in this area is very common. I believe they are doing their best to solve the issue. Furthermore, no area is perfect in terms of traffic.
2 car parks is good, plan to get 1, but then I believe 560psf should have already sold out haha..
Show unit and SPA signing somewhere next year Feb.
Beside free 2 car parks, additional purchase at 40k, limit to one only.
What is additional purchase at 40k?
carparks lah…
@HoChio Either me, Relau is a lousy place for sure! it will not suprises me if the unit available board sticked by full of stickers on it. Dont ever believe because it is a TRICK of developer. they want ppl fast grab it. in fact there are a lot left over units. i believe they will have a hard time of selling this project.
@joe xcxc
agree with u Bangang, good comment.
Actually Relau is not a good place to stay anymore due to traffiic constrain and high density, it will be more worse once all the new housing projects have completed in future. Many low costs flats and foreign workers surround. Why not go to other place to stay which is more low density, but now most of the new projects are located at Relau area, and the pricing still reasonable
Be reminded..its not the earlier spsetia anymore..its…u know i know la…it belongs.
@Bangang,@Daren
I don’t agree with Bangang on sticker trick for SP Setia as they are the professional in this field.
After one week of booking, I personally checked with Setia sales office, the booking stickers only stood ~ 15% which about 60+ units.
This is normal as market is soft. But is also good thing as I no need to queue up at mid night at Setia office. Ha ha ha.
And you can cancel booking as you wish with full refund before sign SPA if I not wrong compared to other developers where you need at least 2 bank loan rejected letters for justification in order to make refund withdrawal.
And I fully agreed with Daren said Relau is not a good place to stay due to traffic jam and foreigners. But he made a very important remark as most of the new projects are at Relau and pricing is reasonable.
I also wish to buy PWC near QB area, but the 800/sq ft with one car park made me call off the purchase.
But then can anyone enlighten me where is the GOOD place ,TRUSTED developer with REASONABLE price for new property in Penang island?