Setia Pearl Island, Sungai Ara

Setia Pearl Island (also known as Setia Pulau Mutiara) is a freehold town located in Sungai Ara, Penang Island. It is an exclusive township development with the concept of a tropical island of dreams with beautiful homes and well-designed landscapes. The development occupies the site of what used to be the Pearl Island Country Club. It is a safe and serene neighbourhood which is meant for families to live in.

The built-up available in this town is 2,100 sf to 6,577 sf for houses. It was developed by SP Setia Bhd.

SP Setia Bhd is a very big-sized real estate company listed on KLSE, and it has constructed around 358 real estate projects in Malaysia. Other similar projects by the same developer are Bukit Indah, Setia Alam, Setia Alamsari, Setia City, Setia Eco Glades, Setia Eco Park, Setia Ecohill, Setia Indah and Setia Tropika.

Property Type
Town
Land Tenure
Freehold
Built-up
2,100 sf - 6,577 sf (House)
Market Price
RM860,000 - RM3,220,000 (House)
Density
-NA-
Completed In
-NA-
Developer
Launch Price
-NA-

This town has some amenities nearby, for example schools and hospitals. The following are some main schools here:

The current rental yield of Setia Pearl Island is 1.8% for houses. The highest rental yield ever recorded was 2.73% in Q4 2013 (house); while the lowest one was 1.49% in Q2 2021 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:

House Layouts

The most popular layout and size (built-up) combination at Setia Pearl Island for houses is 5-bedroom / 2,400 sf with a median price of RM540 psf. For price wise, the most expensive one is 6-bedroom / 3,450 sf with a median price of RM640 psf; while the cheapest one is 4-bedroom / 2,100 sf with a median price of RM410 psf.

Latest Setia Pearl Island for sale listings:

DateTypeBuilt-upPrice
30 Mar 2022Shop-Office1,244 sfRM900,000
4 Jan 2022Semi-Detached3,318 sfRM1,950,000
14 Jan 2022Condominium1,295 sfRM550,000
14 Jan 2022Condominium1,300 sfRM560,000
13 Jan 2022Condominium1,621 sfRM830,000
10 Jan 2022Condominium1,621 sfRM830,000
5 Jan 2022Condominium1,260 sfRM650,000
28 Dec 2021Condominium1,250 sfRM599,000
27 Dec 2021Condominium1,436 sfRM700,000
27 Dec 2021Terrace2,670 sfRM1,600,000

Latest Setia Pearl Island for rent listings:

DateTypeBuilt-upRental
21 Mar 2022Shop-Office1,300 sfRM3,500
22 Jan 2022Condominium1,400 sfRM1,400
22 Jan 2022Condominium1,300 sfRM1,300
21 Jan 2022Condominium1,270 sfRM1,500
21 Jan 2022Condominium1,300 sfRM1,500
17 Jan 2022Condominium1,512 sfRM2,200
16 Jan 2022Condominium1,436 sfRM1,600
16 Jan 2022Condominium1,260 sfRM1,450
13 Jan 2022Condominium1,300 sfRM1,300
12 Jan 2022Condominium1,436 sfRM1,600
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