Sevenco Prestige Sdn. Bhd.
Sevora Residences
Bukit Mertajam
From
RM 388K
RM 421+ PSF · Completion 2030
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.
Tenure
freehold
Title
residential
Total Units
420
Completion
2030
- From
- RM 388K
- PSF
- RM 421
- Tenure
- freehold
- Total units
- 420
- Status
- under construction
- Completion
- 2030
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-10.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 950 | RM388,000 | RM421 |
Zac’s Take
Zac Ong
Sevora Residence is SevenCo's affordable-housing tower on a 3.45-acre site along Jalan Song Ban Kheng in Bukit Mertajam: 33 storeys with 420 homes, all about 950 sq ft with three bedrooms, plus eight shops, due in the second quarter of 2030.
Prices run from about RM388,000 to RM489,200. It's sold under the state's affordable-housing rules, so expect eligibility conditions and resale restrictions.
It suits first-time buyers who qualify and want a new three-bedroom home in Bukit Mertajam. It isn't open to foreign buyers.
Monthly Instalment Calculator
Monthly Instalment
RM 1,567
Total Interest
RM 309,018
Total Outlay
RM 697,018
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 bukit mertajam
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Bukit Mertajam — area snapshot
Full area guide →Bukit Mertajam is the mainland's commercial and residential hub on the Penang Mainland, serving as a transit node between Butterworth and the northern/southern corridors.
Price range
RM 225K – RM 1.2M
asking prices in area
Active projects
8
selling or under construction
Subsale condos
4
completed projects
Total tracked
13
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 38,800 |
| SPA stamp duty (tiered 1–4%) | RM 6,760 |
| SPA legal fee | RM 4,850 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 6,760 |
| Loan stamp duty (0.5%) | RM 1,746 |
| Loan agreement legal fee | RM 1,746 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 62,662 |
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 Sevora Residences?
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Is Sevora Residences freehold or leasehold?
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Can a foreigner buy at Sevora Residences?
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When will Sevora Residences be completed?
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How big are the homes at Sevora Residences?
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Who can buy Sevora Residence?
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Substitutes worth comparing
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From
RM 388K
Sevora Residences