Paramount Property (PW) Sdn Bhd
Seiras Residences
Bandar Cassia, Batu Kawan, Penang Mainland
From
RM 578K
RM 560– PSF · Completion 2028
Tenure
freehold
Title
Commercial (HDA)
Total Units
411
Completion
2028
- From
- RM 578K
- PSF
- RM 560
- Tenure
- freehold
- Total units
- 411
- Status
- under construction
- Completion
- 2028
Zac’s Take
Zac Ong
Seiras is Paramount Property's yield-focused tower in Batu Kawan — 43 floors, 411 units, all 1,033 sqft. Two configurations: Dual-Key (285 units, RM 578K+) and Triple-Key (126 units, RM 641K+). Both same footprint, different internal sub-division. Freehold commercial-HDA.
The pitch is rental yield, not own-stay comfort. A 1,033 sqft footprint sliced into 2-3 self-contained suites means you can rent multiple keys independently. 3.0m ceilings in the living area, 2.6m kitchen, 2.4m washroom — a bit tight, par for the segment. 4-tier security with digital lock entry per key.
My honest take: Seiras is a single-use-case product — if you're not buying it for the yield/multi-tenant rental thesis, look elsewhere. The triple-key at RM 641K+ gives you 3 rentable units in one SPA; the math is attractive if Batu Kawan rental demand holds, but you're betting on tenant supply continuing as Science Park hiring continues. Best for investor buyers with active rental management capacity (or an outsourced manager). Ask me how the triple-key compares to running 3 separate units in Ceria across the road on yield-after-management-cost.
Seiras Residences unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| A | Dual-Key (285 units) | 1,033 | 285 | 2 |
| B | Triple-Key (126 units) | 1,033 | 126 | 2-3 |
| Total | 411 | |||
Building specifications
- Blocks
- 1
- Floors
- 43
- Total units
- 411
- Lifts per floor
- 5
- Ceiling height
- 3.00m
- Maint. fee
- RM0.25/sqft
- Security tiers
- 4-tier
Facilities
What's nearby
🏥 Healthcare
- Columbia Asia Hospital Batu Kawan1.5km
- KPJ Penang Specialist Hospital8.0km
🎓 Schools
- UOW Malaysia KDU Penang University College200m
- The Ship Peninsula College500m
- GEMS International School5.0km
🛍 Shopping
- Design Village Outlet Mall800m
- IKEA Batu Kawan1.2km
Monthly Instalment Calculator
Monthly Instalment
RM 2,335
Total Interest
RM 460,341
Total Outlay
RM 1,038,341
Batu Kawan — area snapshot
Full area guide →Batu Kawan is the fastest-growing area on the mainland, anchored by Ikea, Utropolis, and a growing retail ecosystem. Popular with first-time buyers seeking new launches below RM600K.
Price range
RM 290K – RM 920K
asking prices in area
Active projects
11
selling or under construction
Subsale condos
5
completed projects
Total tracked
17
properties in this area
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 57,800 |
| SPA stamp duty | RM 11,340 |
| SPA legal fee | RM 7,030 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 11,340 |
| Loan stamp duty (0.5%) | RM 2,601 |
| Loan agreement legal fee | RM 2,601 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 95,712 |
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 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 Seiras Residences?
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Is Seiras Residences freehold or leasehold?
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When is the expected completion / VP?
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What is the maintenance fee?
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Who is the developer of Seiras Residences?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 578K
Seiras Residences