Setia Pearl Island, Sungai Ara

Setia Pearl Island (also known as Setia Pulau Mutiara) is a freehold town that is located in Sungai Ara, Penang Island. It is a luxurious gated community that is unparalleled in its commitment to offering its residents the ultimate dream island lifestyle surrounded by carefully planned lush greenery. The developers of the community ensured it is a secured and quiet haven where families can raise their children without the hustle and bustle of the city streets. Its location on the site of the now-defunct Pearl Island Country Club further reinforces its exclusive nature and creates a unique offering that combines world-class living standards with breathtaking beauty. Buyers who value safety, security and tranquillity will no doubt find Setia Pearl Island irresistible. However, it is important to note that the exclusivity of the development may come at a cost, and prospective buyers will need to ensure that the offerings are worth it considering market rates and any property complications surrounding ownership.

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 huge real estate company listed on KLSE, and it has constructed around 368 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 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 - RM3,030,000 (House)
Total Units
-NA-
Completion Date
-NA-
Developer
Launch Price
-NA-

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

As for hospitals, there are Pearl Maternity Hospital and St John Trendy Hospital.

The current rental yield of Setia Pearl Island is 1.8% for houses. The highest rental yield ever recorded was 2.54% in Q2 2020 (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 RM530 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 sale listings:

TarikhJenis HartanahBinaanHarga
TodayCondominium1,621 sfRM850,000
4 Jun 2024SOHO740 sfRM490,000
14 Jun 2024Condominium1,260 sfRM590,000
14 Jun 2024Terrace2,366 sfRM1,300,000
2 Jun 2024Terrace12,431 sfRM1,220,000
14 May 2024Terrace2,400 sfRM1,000,000
9 May 2024Condominium1,303 sfRM499,000
8 May 2024Condominium1,260 sfRM620,000
7 May 2024Condominium1,200 sfRM700,000
7 May 2024Condominium1,305 sfRM650,000

Latest Setia Pearl Island rental listings:

TarikhJenis HartanahBinaanSewaan
9 May 2024Condominium1,320 sfRM1,900
9 May 2024Condominium1,130 sfRM1,600
9 May 2024Condominium1,200 sfRM1,800
8 May 2024Condominium1,200 sfRM1,900
6 May 2024Condominium1,300 sfRM1,750
6 May 2024Condominium1,300 sfRM1,700
6 May 2024Condominium1,400 sfRM1,600
4 May 2024Condominium1,292 sfRM1,700
3 May 2024Condominium1,300 sfRM1,900
3 May 2024Condominium1,292 sfRM1,700
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