CompletedfreeholdEst. 2018

SP Setia

Isle of Palm @ Setia Pearl Island

Name: Isle of Palm @ Setia Pearl Island
Brand: SP Setia
Availability: Discontinued

Setia Pearl Island, Sungai Ara

From

RM 2.20M

RM 578–1021 PSF · Completion 2018

Get Brochure + Price List

📲 Price list 📲 Floor plans 📅 Site visit

Tenure

freehold

Title

TBC

Total Units

Completion

2018

From: RM 2.2M
PSF: RM 578–1021
Tenure: freehold
Total units: 30
Status: completed
Completion: 2018

Project Tracking

We're tracking Isle of Palm @ Setia Pearl Island — not yet personally reviewed by Zac

This project is in our database from public sources (3 sources) from SP Setia. Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.

📋 Latest price list & available unit types
🏗️ Current construction stage and photos
💬 Zac's honest assessment for your situation
📞 Direct introduction to the developer if you want to view

📲 Get Isle of Palm @ Setia Pearl Island details on WhatsApp

Facilities

Swimming PoolLap PoolWading PoolGymnasiumTennis CourtSquash CourtBadminton CourtBBQ AreaPlaygroundJogging TrackFunction HallClub HouseSaunaJacuzzi24-Hour SecurityCCTVCovered ParkingGated & Guarded CommunityLandscape Garden

What's nearby

🏥 Healthcare

Hospital Lam Wah Ee5.5km
Penang Adventist Hospital Bayan Baru4.5km
Gleneagles Hospital Penang8.5km

🎓 Schools

SK Sungai Ara1.5km
SMK Sungai Ara2.0km
Dalat International School3.0km

🛍 Shopping

Queensbay Mall4.0km
Sunshine Square Bayan Baru3.5km
Tesco Extra Bayan Baru4.0km

💎 Premium tier — what actually matters

At this price tier, buyers care about a different set of numbers

Most Isle of Palm @ Setia Pearl Island buyers pay cash or use private banking — so monthly instalments aren't the metric. The questions Zac gets asked are:

· Resale liquidity — how long to find a buyer in 5 years
· Capital appreciation — what the area has done over 3, 5, 10 years
· Carrying cost — maintenance + tax + utilities, not loan
· Estate planning — title structure, inheritance handling
· Foreign buyer levy & consent — true total cost basis
· Lawyer / private banker network — who handles transactions well

Run the ROI / exit strategy calc instead →

Sungai Ara — area snapshot

Full area guide →

Sungai Ara is a mid-island residential area south of Bayan Lepas with a growing condo market. Well-connected to the airport and FTZ.

Price range

RM 300K – RM 1.9M

asking prices in area

Active projects

selling or under construction

Subsale condos

completed projects

Total tracked

properties in this area

Other projects in Sungai Ara

Casa Rica @ Setia Greens · RM 1.9M Fairview Residence · RM 388K i-Jewel Imperial Grande · RM 475K SenzVilles · RM 480K Skycube Residence · RM 640K TreeO · RM 300K

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

Purchase price (RM)

Downpayment (%)

First-time buyerForeign buyer

Downpayment	RM 220,000
SPA stamp duty	RM 72,000
SPA legal fee	RM 20,850
MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.	RM 72,000
Loan stamp duty (0.5%)	RM 9,900
Loan agreement legal fee	RM 9,900
Valuation fee	RM 3,500
Search, admin, misc	RM 1,000
Gross upfront total	RM 409,150

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

SPA legal fee absorbed

Panel lawyer provided by developer

− RM 20,850

Loan stamp duty absorbed

0.5% on loan amount

− RM 9,900

Loan legal fee absorbed

Loan documentation fees

− RM 9,900

MOT stamp duty absorbed

Rare — confirm with developer

—

Cash rebate3% = RM 66,000

0%5%10%

Total developer savings− RM 106,650

Net upfront (after savings)

Based on typical 2026 new launch package

RM 302,500

Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

How much is Isle of Palm @ Setia Pearl Island?

Units at Isle of Palm @ Setia Pearl Island start from RM 2.20M (around RM 578–1021 psf). WhatsApp Zac for the current price list and any unit-specific promotions — pricing changes frequently as stock moves.

Is Isle of Palm @ Setia Pearl Island freehold or leasehold?

Isle of Palm @ Setia Pearl Island is freehold — you own the land in perpetuity, no expiry date, no renewal fees. Freehold residential title remains genuinely scarce in central Penang Island.

When is the expected completion / VP?

Expected Vacant Possession is 2018, subject to developer execution. Defects liability period typically runs 24 months from VP. New launch buyers should budget for transaction costs at SPA and again at VP (MOT stamp duty).

Can foreigners buy Isle of Palm @ Setia Pearl Island?

Yes — Isle of Palm @ Setia Pearl Island meets the Penang state foreign-buyer minimum (RM1M stratified on Penang Island, RM600K mainland). Foreigners pay a 3% state levy (island) plus state consent fees on top of standard transaction costs. Full walkthrough: see the Penang foreign buyer guide or message Zac directly.

Who is the developer of Isle of Palm @ Setia Pearl Island?

Isle of Palm @ Setia Pearl Island is developed by SP Setia. For Zac's honest read on the developer's track record and what to expect on delivery quality, WhatsApp directly.

Substitutes worth comparing

Open full comparison →

Same area family, same property type, similar price band — what most buyers actually cross-shop.

sungai ara

Casa Rica @ Setia Greens

Kewira Jaya Sdn. Bhd. (SP Setia)

From RM 1.9M

relau

Jasmine Residence

Solid Balance Sdn. Bhd.

From RM 1.7M

From

RM 2.2M

Isle of Palm @ Setia Pearl Island

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