Sunsuri Residences is part of the Ideal Vision Park masterplan, a mixed development project by Ideal Property Group that will comprise 80% residential projects and 20% commercial projects.
Continue Reading ⋅ 15 December 2021
Setia Fontaines is a 1,691-acre mega township located at the heart of North Seberang Perai. Its masterplan includes the following:
- 100-acre Heritage Park
- 8km of waterways
- 9 Heritage Themed Fountains
- Interconnected islands with integrated jogging paths & cycling tracks
- Setia International Waterfront Centre (Setia IWC)
- Setia Experience Centre
- City Centre Business Hub
- Future Integrated Commercial Developments
The land was bought by S P Setia in 2016 and the developer has since been working on the masterplan for the development. The mixed development has an estimated gross development value (GDV) of RM9.6 billion. It will comprise 16 residential precincts, 270 acres of commercial and retail components, a 63-acre man-made lake with musical fountain, and 37-acre town park.
It is expected to stay true to S P Setia’s DNA, as evident in its townships of Setia Eco Park in Shah Alam, Setia Eco Glades in Cyberjaya, and Setia Eco Templer in Rawang. Setia Fontaines will be developed over 20 years, which started from its launch in 2018.
The developer believes that there is a demand in Penang for a bigger township development, based on the organic growth and population growth from Penang Island. Therefore, they aim to build houses in Penang that are similar with other Setia Eco townships, and at reasonable prices.
S P Setia plans to have water taxis that can ferry residents from designated locations in the township to commercial areas via the waterways. Residents can also jog, walk or cycle along the path at the edge of the water. Besides residential homes, the development will also include a wide range of amenities and commercial elements. Therefore, it will be a self-sustaining township.
Address: Bertam, Kepala Batas, North Seberang Perai
Developer: S P Setia Bhd
Property Type: Mixed development
Land Title: Mixed
Total Units:
- Nusacinta: 294 units
- Amansara South: 394 units
- City Centre Business Hub: 111 units
Tenure: Freehold
Sales Gallery: Setia Fontaines Satellite Gallery, No. 108-B-01-18, Spice Canopy, Jalan Tun Dr. Awang, 11900 Pulau Pinang
Built-up Area:
- Nusacinta: 1,413 sq ft – 3,443 sq ft
- Amansara South: 1,336 sq ft – 1,835 sq ft
- City Centre Business Hub: 2,997 sq ft – 5,908 sq ft
Facilities:
- 100-acre Heritage Park
- 8km of waterways
- 9 Heritage Themed Fountains
- Interconnected islands with integrated jogging paths & cycling tracks
- Setia International Waterfront Centre (Setia IWC)
- Setia Experience Centre
- City Centre Business Hub
Launch Price:
- Nusacinta: From RM383,000
- Amansara South: From RM330,000
- City Centre Business Hub: From RM640,800
Maintenance fee: From RM180 onwards
Project Details
The first projects launched at Setia Fontaines were in Precinct 6, Precinct 1, and shop-offices in the City Centre Business Hub. The gated-and-guarded Precinct 6 comprises 1- and 2-storey terrace houses, cluster, semi-detached houses, and bungalows.
Precinct 6 is part of the Island Collection, which will have 5 precincts and 9 islands. Precinct 1 comprises 1- and 2-storey terrace houses. The houses are all within walking distance of Setia IWC, the town park, and the lake.
Each residential precinct will have its own clubhouse with a swimming pool and gym, in addition to 2 other clubhouses at Setia IWC that will face a musical fountain and a lake.
The main clubhouse will feature a swimming pool, gym, function room, and food and beverage outlet. Oriental Club is the other clubhouse, and it will have restaurants, banquet halls, floating pavilions, cultural halls, and exhibition areas. Fountains are a feature of the development as “fontaine” is French for fountain.
The themes used are inspired by the journey of Sir Francis Light, the founder of the British colony in Penang and the capital of George Town, and will have European, Balinese, Chinese and Peranakan influences, paying homage to Penang’s heritage.
The first commercial component launched at Setia Fontaines comprised 111 units of shop-offices at City Centre Business Hub, offering 2- and 3-storey units. It also has direct access to the open market place located in the centre of the business hub.
As it is part of the Setia Fontaines City Centre, the City Centre Business Hub enjoys high visibility and easy access from the main road, and an immediate catchment area that covers existing and future townships. The shop-offices have 22ft-wide shop frontages and a ceiling volume of 4.3m for the ground floor units. The hub is within walking distance of the residential and commercial developments at Setia IWC.
Setia Fontaines’ 270-acre commercial component comprises the Setia International Waterfront Centre (Setia IWC) that will consist of the Setia Experience Centre, Oriental Club, main clubhouse, convention centre, retail and lifestyle streets, auditorium and hotel, and the Setia Fontaines City Centre comprising serviced apartments, office towers, a medical centre, international school, shopping malls and strata shops.
|
Types |
Built-Up |
Approximate Launch Price |
|
Nusacinta |
Amity · Single storey terrace · 24’ x 70’ · 1,413 sq ft · 3 bedrooms · 2 bathrooms · 2 carparks
Verity · Double storey terrace · 22’ x 70’ · 2,015 sq ft · 4 bedrooms · 3 bathrooms · 2 carparks
Cheer · Single storey link semi-d · 37’ x 70’ · 1,657 sq ft · 3 bedrooms · 2 bathrooms · 2 carparks
Wish · Double storey link semi-d · 32’ x 70’ · 2,197 sq ft · 4 bedrooms · 1 utility room · 3 bathrooms · 2 carparks
Faith · Single storey semi-d · 40’ x 80’ · 1,994 sq ft · 3 bedrooms · 2 bathrooms · 3 carparks
Grace · Double storey semi-d · 40’ x 80’ · 2,759 sq ft · 4 bedrooms · 1 utility room · 3 bathrooms · 3 carparks
Kismetee · Single storey bungalow · 50’ x 85’ · 2,080 sq ft · 3 bedrooms · 1 utility room · 3 bathrooms · 3 carparks
Destinee · Double storey bungalow · 50’ x 85’ · 3,443 sq ft · 4+1 bedrooms · 4+1 bathrooms – ensuite · 3 carparks |
From RM383,000
From RM477,000
From RM481,000
From RM618,000
From RM591,000
From RM765,000
From RM696,000
From RM1 million |
|
Amansara South |
· 394 units
AS Joy · Single storey terrace · 22’ x 70’ · 1,336 sq ft · 3 bedrooms · 2 bathrooms · 2 carparks
AS Bliss · Single storey terrace · 22’ x 70’ · 1,363 sq ft · 3 bedrooms · 2 bathrooms · 2 carparks
AS Glow · Double storey terrace · 22’ x 70’ · 1,835 sq ft · 4 bedrooms · 3 bathrooms · 2 carparks |
From RM340,000
From RM330,000
From RM420,000 |
|
City Centre Business Hub |
· 2-storey shop office · 22’ x 70’ · 2,997 sq ft |
From RM640,800 (intermediate)
From RM812,500 (courtyard) |
|
· 3-storey shop office · 26’ x 70’ · 5,908 sq ft |
From RM1,213,800 |
Location
Setia Fontaines is accessible via the North-South Expressway (about a 5-minute drive), Butterworth Outer Ring Road (about 15 minutes’ drive), Butterworth-Kulim Expressway (about 15 minutes’ drive), and the Penang Bridge (about 20 minutes’ drive). To get to George Town, it will take approximately a 45-minute drive via the Penang Bridge.
Penang mainland is considered an affordable alternative to Penang Island. The developer believes that the Bertam area is established, and there’s growth potential there. Within Bertam, there are multiple existing amenities and facilities such as educational institutions, banks, hospitals, shopping malls, a golf resort, and supermarkets.
Existing amenities within a 6km radius of the development include Universiti Sains Malaysia, Universiti Teknologi Mara, Institut Latihan Perindustrian and Maktab Rendah Sains Mara, Penang Golf Resort, and MPSP Sports Complex, among others.
The project is has a connectivity advantage, with the northern entry facing Jalan Tun Hamdan Sheikh Tahir in Penaga, while the southern entry can be accessed via Jalan Gelugor in Tasek Gelugor. With the potential third link, there will be greater access to the site.
Accessibility
- North-South Expressway – 6km
- Butterworth Outer Ring Road – 19km
- Butterworth-Kulim Expressway – 24km
- Penang Bridge – 26km
- Proposed 3rd Link
- KTM Tasek Gelugor
Education
- SMK Sains Kepala Batas – 4km
- SJKC Pei Yu – 8km
- SJKC Mah Hua – 10km
- SJKC Kai Chee – 14km
- Institut Latihan Perindustrian – 4km
- Maktab Rendah Sains MARA – 4km
- Universiti Sains Malaysia (USM) – 5km
- Universiti Teknologi Mara (UiTM) – 5km
- Kolej Matrikulasi Pulau Pinang – 10km
Medical Care
- Hospital Kepala Batas
- Bertam Specialist
Shopping
- Tesco Hypermarket
- Sunshine Shopping Mall
- Mydin Hypermarket
Recreation
- Heritage park
- Bertam Golf Club
- Frog Hill
- MPSP Sports Complex
- Penang Bird Park
Analysis
The developer sees a huge potential for Setia Fontaines in the international market. They are of the opinion that foreigners, such as the Japanese and Chinese, appreciate the warm weather and green environment, and would look for leisure homes or retirement homes in Penang.
The developer planned to market the project overseas through its regional offices in Singapore, Japan, China, Vietnam and Australia.
All its launches so far have seen encouraging take-ups, with units quickly snapped up. During the launch of Nusacinta, there was also a “NusaCinta Launching Lucky Draw” with total prizes up to RM20,000.
The lucky draw was open to buyers of the first phase who signed the Sales and Purchase Agreement (SPA) and loan within a certain duration.
As for the soft launch of Amansara South, guests were treated to live band performances, Peranakan cuisine, fan-painting workshops, and other activities. The developer also offered buyers a 1% deposit, and stand a chance to win a RM10,000 move-in bonus. The launch of shop offices at Setia Fontaines saw all units sold out through early booking and balloting.
The promising take-up rates are likely due to the reasonable price points, coupled with unique development concepts, prime location, and a wide range of amenities within the township. It’s also a testament to customers’ confidence in the Setia brand and its ‘LiveLearnWorkPlay’ philosophy.
Here’s a quick look at residential properties in Penang.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Verity @ Nusa Cinta, Setia Fontaines by SP Setia |
Freehold |
Double-storey terrace |
2022 |
2,015 sq ft
|
From RM477,000 |
|
Freehold |
Condominium |
2017 |
455 sq ft – 1,945 sq ft |
From RM359,900 |
|
|
Freehold |
Affordable Condo |
2019 |
900 sq ft |
From RM300,000 |
|
|
Freehold |
Executive Apartments |
2019 |
1,042 sq ft – 1,372 sq ft |
From RM800,000 |
|
|
Freehold |
Condominium |
2020 |
1,036 sq ft – 1,424 sq ft |
From RM758,000 |
|
|
Freehold |
Serviced Residence |
2021 |
From 1,000 sq ft |
From RM475,000 |
|
|
Green Garden Apartment |
Freehold |
Apartment |
N/A |
550 sq ft |
RM50,000 |
|
Leasehold |
Luxury Suites |
2014 |
1,733 sq ft – 2,694 sq ft |
From RM600,000 |
|
|
Freehold |
Condominium |
2017 |
776 sq ft – 2,907 sq ft |
From RM638,000 |
|
|
Freehold |
Condominium |
2018 |
1,450 sq ft – 2,335 sq ft |
From RM712,000 |
Summary
S P Setia’s portfolio encompasses townships, eco-sanctuaries, luxury enclaves, high-rise residences, commercial and retail, and integrated-mixed and transit-oriented developments. Its first flagship township is Setia Alam, which is home to more than 60,000 residents.
Setia Alam offers a balanced lifestyle with its parks, landscaping, security, local and international schools, amenities, and facilities. Setia Alam also boasts more than 400 acres of green areas, which include the award-winning Wetland Park and Urban Park as well as the Setia City Park.
As for location, Setia Fontaines is surrounded by thriving areas such as Butterworth, Sungai Petani, and Bukit Mertajam, and is within close proximity to the Kulim Hi-Techpark. The township is also accessible from the North-South Expressway through the Sungai Dua Interchange and Bertam toll exit.
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The developer believes that their efforts will contribute to a long-term appreciation in value. Developments as vast as this are likely to go through several property market cycles and the developer is positive that Setia Fontaines can weather any challenge. For the latest updates on the township, do refer to the official Setia Fontaines Facebook page.
The relative stability of Penang prices in the current climate identifies it as a potential safe haven for those who wish to preserve wealth through property investment. To view the top 5 areas with the highest median asking price in Penang, check out the PropertyGuru Malaysia Property Market Index.
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