SPB Property
La Casa Ara
Tasek Gelugor
From
RM 339K
RM 270–311 PSF · Completion 2028
Quota-restricted affordable housing under the Penang state Rumah MutiaraKu programme (LPNPP register). Price shown is the statutory tier price, not an open-market price. Eligibility, income ceilings and a resale moratorium apply, and the units are not available to foreign buyers. RM400,000 is the RMKu Type D ceiling; released prices sit below it.
Tenure
freehold
Title
residential
Total Units
266
Completion
2028
- From
- RM 339K
- PSF
- RM 270–311
- Tenure
- freehold
- Total units
- 266
- Status
- selling
- Completion
- 2028
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-05. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| Courtyard Villament | 1,285–1,482 | RM339,000 | ~RM264 |
Zac’s Take
Zac Ong
La Casa Ara is SPB Property's gated, guarded estate of courtyard townhouses in Tasek Gelugor, built under the state's Rumah MutiaraKu affordable home-ownership scheme.
Each townhouse has three bedrooms, two bathrooms and two car parks, with built-up areas of about 1,285 to 1,482 sq ft, from about RM339,000. Sources give completion as 2028 or 2029, so confirm the schedule with the developer.
The courtyard 'villament' layout gives you a landed-style home with your own front door at an apartment price, which is the draw. Because it's an affordable-housing scheme, check the eligibility rules and any resale restrictions before you book.
La Casa Ara price list 2026
1 of 1 unit types have a published price · entry from RM339,000 · 266 units total · completing 2028
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| Courtyard Villament | 1,285–1,482 | RM339,000 | ~229 | 266 |
PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.
Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-10-05. Developers reprice between phases — confirm the current list before committing.
Every unit type here sits below the RM1M foreign-buyer minimum, so this project is open to Malaysian and PR buyers only.
La Casa Ara completion date
La Casa Ara is expected to complete in 2028.
Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.
Facilities
🌏 Foreign buyer info
Not available to foreign buyers — allocated under a government affordable-housing scheme requiring Malaysian citizenship.
See also: Penang foreign buyer guide →
Monthly Instalment Calculator
Monthly Instalment
RM 1,369
Total Interest
RM 269,992
Total Outlay
RM 608,992
Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.
📲 Discuss financing options with ZacOther projects in tasek gelugor
All 3 others we track here, cheapest first — 3 of them still selling.
- D'AleenaRM426K
- Taman Seri BeduRM532K
- Tasek Gelugor Xchange—
Tasek Gelugor — area snapshot
Full area guide →Price range
RM 426K – RM 532K
asking prices in area
Active projects
3
selling or under construction
Subsale condos
0
completed projects
Total tracked
4
properties in this area
Other projects in Tasek Gelugor
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 33,900 |
| SPA stamp duty (tiered 1–4%) | RM 5,780 |
| SPA legal fee | RM 4,238 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 5,780 |
| Loan stamp duty (0.5%) | RM 1,526 |
| Loan agreement legal fee | RM 1,526 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 54,749 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
What is the price of La Casa Ara?
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Is La Casa Ara freehold or leasehold?
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Can a foreigner buy at La Casa Ara?
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When will La Casa Ara be completed?
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How big are the homes at La Casa Ara?
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Who is the developer of La Casa Ara?
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From
RM 339K
La Casa Ara