The Island of Dream
I visited the show village last weekend. The show house and marketing hype are amazing. But I think the price will not be easily stomached by the local residents.
Personal Finance for Malaysians
Money Tips for Malaysians
Fetching RSS feed... please stand byPenang Real Estate Boom
After SP Setia commenced this project in Penang island, the real estate market here was pushed to a new height.
Currently, most new residential projects for landed property consist of 2 1/2 & 3-storey terrace houses, and semi-detached.
The price range from RM600k to over a million ringgit.
Currently, most new residential projects for landed property consist of 2 1/2 & 3-storey terrace houses, and semi-detached.
The price range from RM600k to over a million ringgit.
Real Estate Investment
Fire Works at Setia Pearl Island
A series of event was being held there, including concerts by popular pop star, all free for public visits.
This is a video of the fireworks.
This is a video of the fireworks.
Great Marketing
The show village is so nicely built. What I feel great about is the prestige it makes you perceive, as if it is the best place to stay in Penang island.But the fact is that the area is so "ulu". It might takes 20-30 minutes drive after you exit Penang Bridge to arrive home.
Great Interior Design
Two generation house design
All the houses are built on the two-generation concept, where there are 5 rooms, including two identical master bedroom.
This is a smart move because most young generation will not be able to afford a home that cost over RM800,000! It might be affordable if the older generation sell their "old house", then buy one at Setia Pearl Island. Probably putting a down payment of RM400,000, then ask the younger generation to loan the rest.
The result is, the younger generation will have to stay with their old parents. This seems to be the trend. If not, why all the units in first and second phases are sold out within a few weeks after launched?
This is a smart move because most young generation will not be able to afford a home that cost over RM800,000! It might be affordable if the older generation sell their "old house", then buy one at Setia Pearl Island. Probably putting a down payment of RM400,000, then ask the younger generation to loan the rest.
The result is, the younger generation will have to stay with their old parents. This seems to be the trend. If not, why all the units in first and second phases are sold out within a few weeks after launched?
Great Investment?
Most Penangites believe that the property prices on Penang island will never drop.
Buying these expensive houses for investment is risky, because not many can afford it. Buying one and renovating it to be your own sweet home, I would say it is a luxury.
Setia Pearl Island blogged
More about Setia Pearl Island Penang
List of links for more information
- Welcome To Setia Pearl Island Website
- The Exceptional Features of Setia Pearl Island
A Perfect Location Setia Pearl Island is well located at the heart of modern conveniences with linkage to network of roads, bridges and expressways. The Jelu - Penang Property: Apartment & Condo in Penang, Malaysia: Setia Pearl Island - The Island Of Dreams
- Setia Pearl Island - The Island Of DreamsThe most awaited development in Penang proudly presents Setia Pearl Island acclaimed for its special characteristic and themes of each isles. It's innovative development concept comprises of 3-storey terrace houses displaying modern tropical facades surround
- SP Setia to launch third phase of Setia Pearl Island
by KCLau
I live in Penang, I enjoy looking at real estate and shopping for great property bargain. (more)
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