Reflections Condominium


Reflections Condominium @ Setia Pearl Island is located in Sungai Ara, Penang. Comprising a single condominium block with a total of 315 units. The built-up area ranging from 1,077 to 1,512 sq.ft.

The Reflections Condominium facilities include swimming pool, wading pool, gymnasium room, jacuzzi, sauna, mini basketball court, squash court, children's playground, recreational / fitness platform, reflexology path, BBQ corner, viewing deck, landscape gardens, multi-purpose hall.

Property Project : Reflections Condominium
Location : Sungai Ara, Penang
Property Type : Condominium
Tenure : Freehold
No. of Blocks : 1
No. of Storey : 25
Built-up Area : 1,077 - 1,512 sq.ft.
Total Units : 315
Developer : SP Setia

357 comments«Oldest  ‹Older  201 – 357 of 357  Newer›  Newest»

April 13, 2010 at 11:11 PMKevin

oh yeah...talking bout property boom on N Park and E Park and so on, look at their prices now when they become 'common'....

and do you think those luxury or higher standard apartment will become 'common' soon? :)it all comes back to the demand vs supply... i personally don't know if many ppl is goreng char kuey teow the price now, or the demand is really there and there are many rich folks out there...

 
April 17, 2010 at 12:43 PMUnknown

Dear Kevin,

You got some points there. The economy has changed overtime. The government has got wiser and the DPM got sacked for adopting policies by IMF etc then. I remember having seen perpetual loans due to hike in interest rate...BLR was something like 12.5%. Those were the days.But one thing for sure, the price didn't drop. It went up and up.land banks in Penang are hard to come by nowadays. Population is growing but not as fast as it should be though. Socio economic issues....see if DAP is better than Gerakan???
Like what I have shared, buy higher end condos and not medium cost condo if you do not wish to have those neighbors. After all, we got options, if can afford, buy and if cannot afford don't buy...not an issue. Cheers.

 
April 20, 2010 at 10:28 PMUnknown

I guess the good location really matters and those properties especially the high rise in those prime location will still enjoy a steady appreciation with good maintenance.

 
May 11, 2010 at 11:15 PM亨利陈

I went there last week, price at RM355 per sft is crazy, SP setia told me still have 100units more not yet sold..... good luck to those investor!

 
May 12, 2010 at 7:45 AMKevin

Chris,
True... personally, i will consider buying a higher end condo now with the perception that i will have a better neighbourhood surrounding...


peejoe,
RM355 psqft crazy? haha... i don't think u'll get cheaper options now dude... look at IJM condos...they are going RM499 and above psqft dude... so that is... insane?

 
May 12, 2010 at 9:47 PMSam

peejoe,
i oso went to SP Setia last wk, the staff told me there r selling at RM371 psqft!

hmm, wonder why there is discrepancy in communication...

 
May 24, 2010 at 10:04 AMCharice

Price is 371psf. Joe must have be peeing when he wrote this in his blackberry.

 
May 28, 2010 at 9:57 AMGasman

Heard that only 50% of units taken up despite so much hyphe about the project?

Is there something we do not know?

Any new info?

 
May 28, 2010 at 7:27 PMSam

Tan,
u must be 'hearing' wrong info. All units in North-east sold off & limited left at South-West~

 
May 29, 2010 at 8:54 PMJin

wow...now it's RM371 psft?

 
May 31, 2010 at 6:13 PMUnknown

sold out means = bumi lots still available which makes up 30%. If still have balance = +/- 20%, thus actual sold % is only 50%. Frankly, expect condo to burst soon. Too many supply flushed out into the market. Look at The Spring and incoming supply of Summer Place. Many who bought these properties are investors and will be or are already stuck with their investment. Hopefully, they hv strong holding power. If not, we will be seeing ugly effect...

 
June 5, 2010 at 12:11 AMserindit

Refer to article under Penang Property News on the right.

SP going to launch new highrise project with approx gross sales value RM160mil, 300 units, builtup 1500sf (RM160/300/1500) = RM355psf. Lower levels should be cheaper.

Reflection RM371psf? Who is going to pee now. Is the new highrise beside Reflection? Will be very "lau jua" and congested later.

Bank int will likely increase by at least 0.25% by year end and BLR now is 6.05%.

 
June 7, 2010 at 6:08 PMUnknown

Peter,

A check with an insider reveal that there is no such condo with RM355psf. The reporter must have mixed with his own data. Best to check with Setia directly.

Cheers

Jane

 
June 7, 2010 at 8:17 PMJin

Even if there is such project, SP Setia for sure won't price it any cheaper than Reflection as they still have several unsold units left for Reflection.

 
June 10, 2010 at 9:08 AMUnknown

Wrong info confirmed. Their next condo project will be in Gurney as quoted in one of the dailies a month or so ago.

 
June 25, 2010 at 2:26 PMUnknown

Anymore unit wanted to sell, I am willing to pay at RM500 psf for it.

Pls leave your name and contact number for me to all. Thanks.

 
July 11, 2010 at 11:51 AMmelloyz

Henry, why u willing to pay at RM500 psf while i still seeing sp giving away their brochure yesterday in my mailbox..I didnt check with SP but I guess there are still hse available.

 
July 11, 2010 at 12:29 PMUnknown

Site progress at snail speed. Land clearing took more than 2 months...

 
July 17, 2010 at 8:49 PMJin

I've just dropped by at SP Setia's office this afternoon. They have cleared the land and are ready to start pilling.

 
July 18, 2010 at 4:29 PMAnonymous

pls refer to Rajoo latest announcement in conjunction with next week's Star Property Fair. He again confirmed that there will be another high rise condo of 300 units to be launched mid of next year. If this is not next to Reflections, I wonder where else can they build if in Pearl Island.

If Setia scraps the commercials / shop lots (which seem very likely) and builds another 300 units high rise next to Reflections side by side, that will definitely block the airport view. Wonder what is Setia up to?

I am genuinely interested in Setia's project and hope to book a unit. I hope Setia would act like E&O and plan for a wholesome township to add-value instead of spoiling the image it has built by adding too many condos in one small piece of land. Existing and new SPI buyers will suffer.

 
July 19, 2010 at 10:06 AMUnknown

I am totally agree with Dinoann. Without the commercials center, Reflections is just an ordinary condo and no value added. Reflections buyers please call SP Setia to verify it.

 
July 19, 2010 at 11:30 AMUnknown

Thanks for the info, planned to invest but right now need to reconsider already:) just check out with them, still left around 20 units. Do you guys think that RM371psf still worth to invest? I think North-East buyer is still ok....pity those had bought south-west...if the news is true, it would be face to face with south-west units.

 
July 19, 2010 at 1:17 PMAnonymous

Agree with you, I feel the same.
Without commercials, SPI does not worth the pricetag at all, especially this place is so out of town and not easily accessible. Another cons is the cemetery and low-cost in the vicinity which greatly affect its value. Setia has to bring the town to SPI else all the landscaping is worthless!

I am so disappointed when Rajoo announced another condo and felt that they cheated the buyers.

 
July 19, 2010 at 3:39 PMMM512

Oh, i just purchase a south west facing unit. After this announcement, i think i better consider to let go. Any comment? should i wait for further announcement? anybody?

 
July 19, 2010 at 4:20 PMUnknown

Absolutely unfair to all the buyers, especially south-west buyers....just called to ask, they said do not have much infor for this new condo and don't even have the proposed site yet. So just can pray that is not going to build at the commercial land. But..like what DINOANN said, where else they can build in the Pearl Island.....any1 has different infor from the DEVELOPER?

 
July 19, 2010 at 5:01 PMCharice

Errmmm guys, I have checked with the developer. The condo is not located at the commercial precinct but in the Isle of View. Was told it will be located nearby the current Setia Pearl Island Hollywood signage. The entrance will be via club house and will not be entering the normal Phase 1 entrance nor the show village entrance. Very big builtup ie. over 2,000 sq ft and will be selling at RM480 per sq ft.

Now i think I will rush out to buy Reflections at current price of RM370psf. That's explained why there is a sudden surge in Reflections sales in the past month. Last weekend, the banker told me they sold 15 units despite an increase in BLR.

 
July 19, 2010 at 5:02 PMCharice

By the way, South west sea view is the best....

 
July 19, 2010 at 6:20 PMAnonymous

Charice, thanks for your info.
Do you know why Setia is still delaying the launch of the commercials lots? Won't that boost their future sales for residential developments?

Another concern I have is that everyone got to use the same Persiaran Kelicap road. That would be very jam if Setia did not widen it to two or three lanes as we are talking of over 2000 residents.

 
July 20, 2010 at 12:59 AMkeneng

Hi Charie, thanks for the insider info. I went to SP office this afternoon to enquire about the new high rise, the sales rep answered that she has no idea of any new high rise planning in SPI. I think there is a very big gap between the management and the sales team. Anyway, I think we should convey this message to SP that the commercial is very crucial fo SPI and Reflections future appreciation potential. Without commercial, Reflections is handicapped.

 
July 22, 2010 at 10:00 AMUnknown

Dinoann,

I think you are confused with what you want. At one part, you want the commercial area to be developed then you are concerned about traffic issue. By the way I think you are speculating about the future as even as of now there are > 1,000 families using part of the Persiaran Kelicap and there is no jam every day. I bought a Reflection facing SW corner. One of these days when you are free, pretend to see a friend in Conifer and then go to the uncompleted park between semi d and the just completed terrace then you will know I am talking about. The seaview facing the south is the best and the nearest in my opinion. Agree with Chatrice.

Yong Wah,
The sales officer that attended to me informed me that it is still premature at this stage to promote. I guess its more on who wants to tell you when the details are not yet finalized. Wrong info = wrong perception = Wrong conclusion = Trouble.

She advised me to register my name for the upcoming project. Was told it will be more expensive than Reflections for sure in terms of psf (can't remember exact but something like RM400+ psf).

 
July 22, 2010 at 12:09 PMUnknown

South west sea view? the sea is so so so far away...even if you stay at the highest floor you can probably only see partial small portion of the sea. The rest would be blocked hills...

 
July 24, 2010 at 10:27 PMUnknown

Any1 go to Property Fair? Did they open for registration for the new condo there?

 
July 27, 2010 at 6:55 PMCharice

Of course not yet. Did you read my earlier email, the sales staff said not finalized yet. If cannot wait then go to their sales office and register.

 
July 28, 2010 at 10:35 AMUnknown

hi charice. i got 1 unit at SW too. which floor u got urs?

 
July 28, 2010 at 11:53 PMserindit

When Setia launched phase 1 & 2, the land where Reflection is to be was supposed to be commercial too. Suddenly out pops Reflection. If you look at the model in the sales office, the commercial is about 4-5 storeys high. The commercial is still a ? as the developer is trying to get foreign buyers. With IJM, E&O, CP having commercial projects by the sea, where do you think the foreigners will invest. If another block of condos can give Setia better profit, why not. Reflection II is not unlikely. It will then become the Twin Reflections. Hmmm.......... as a consolation, those who bought SW can still see the pool if not the sea.

 
July 29, 2010 at 12:51 PMCharice

Penang,

The new condo will be at the Isle of View and not at the commercial precinct. Call Setia to check it out.

 
July 29, 2010 at 8:50 PMSam

Hi Penang,
I also have checked with SP, the new Condo will be located near the Club hse as mentioned by Charice. Target selling price is RM480psf

 
July 30, 2010 at 8:20 AMUnknown

wow...RM480 psf is really high. Anyone know when can register?

 
July 30, 2010 at 3:03 PMUnknown

Reflection currently is selling at 371psf. New condo RM480psf, it must be a super condo. Any idea what category is Reflection positioned? normal or luxury condo?

 
July 30, 2010 at 6:43 PMCharice

L Heng,

At RM371psf, it will be medium high condo...i think.

 
August 1, 2010 at 12:19 PMJin

RM371 psf when it's under construction. I wonder how high it will be when completed....

 
August 2, 2010 at 11:40 AMserindit

A luxurious german made 7series can be called either a sedan or salon. But then a proton can also be described as a salon or sedan.

Wonder what wil happen if The Cove or Mayfair is called an apartment?

Hmmm..... Reflection, @ RM371psf at SW district .... maybee luxury condo. Highrise 2 @ RM480psf ..... how about super luxury condo. And highrise 3??? at the remaining commercial land next to highrise 1 @ RM590psf???? .... think should be exclusive super luxury condo.

 
August 2, 2010 at 7:32 PMGasman

Heard that the price of Reflection is going up to $380 psf soon. Any confirmation?

 
August 3, 2010 at 8:02 AMUnknown

so fast wanna reach $380 psft? They just finished clearing the land only. Not even build yet

 
August 5, 2010 at 10:07 AMUnknown

Hi all, this is gonna be my frist take on property investing.

Would like to know your view about Reflection condo.
Worth investing? Location wise? Any units left?

Thank you

 
August 5, 2010 at 11:01 AMUnknown

I think Reflection is more suitable for medium term investment. The landscaping in Setia Pearl Island is very nice, and the occupancy is keep increasing. The surrounding will be improved once the One Residence completed in year 2012. 371psf is the highest in Sg Ara area, no one knows the price in future. Location wise, it is acceptable for those used to stay in Bayan Lepas and work here. Very convenient for ppl need to travel a lot, only 3 minutes away from airport :)

As I heard only SW units available now and higher floor is recommended. Better call Setia office for enquirers.

 
August 6, 2010 at 1:36 AMUnknown

Reflection is going to increase to RM380 psf by 6th August 2010.

 
August 7, 2010 at 5:24 PMUnknown

really worth to buy? 15 units per floor and I noticed that the land of the Reflection is not really big...:)

 
August 9, 2010 at 8:52 PMstanvy

Anyone take EON bank package which offer Fixed Deposit rate(FD) + 1% ?

what's your opinion? is taking BLR or FD rate better?

 
August 10, 2010 at 10:18 PMPuvan

I plan to get one. If people interested to sell to me, I can be contacted at puvand@gmail.com..prefer SW one.
Btw, how does 5/95 work?...it is pay 5% and then the rest only start paying when building completed?

 
August 12, 2010 at 2:49 PMUnknown

mr puvan why are u asking here when u still can buy it from the developer? has it been all sold out?

 
August 13, 2010 at 8:11 AMJin

Puvan, SP Setia still have some SW facing units left. Don't have to buy it from subsale.

 
August 14, 2010 at 10:33 AMstardust

Hi to all, I'm a Singaporean who is being offered a property in Penang.

In Singapore, the average salaried person like myself wouldn't thought of buying a landed/private property because is way out of our budget.

So I decided to look at M'sian properties investment and was introduced to Setia The Reflections. The price is RM$550k and if I do a 10% payment, its only about SGD$22k. I thought here is something I can afford. The developer said that they have to raise the price to RM500k< so that foreigner like me can buy them. The package includes: the developer pay the other 10% so I apply loan for only 80%. The developer pay the foreign levy of RM3K and absorb stamp duties.

Overall, I think in Singapore you rarely get such deals as offered by Setia. By the way they have an office in Harbourfront, Singapore. The only M'sia developer who has one here which explain why you guys said of its pricey units.

But as myself being first time in property investment, many questions lingers. Among them:
1. would it be easy for me to get my unit rent out?
2. how would i handle tenancy matters if the need arise as I'm not in penang? is there a reliable agency to handle such things?
3. would it be easy to sell off my property in the first place? who will likely be the interested buyers?

I hope i can get good advice from this mini forum as believe many are seasoned investors.

 
August 16, 2010 at 4:56 PMCharice

Dear Teffy,

Let me give you my 2 cents
1. I would say that you can rent out your condo rather easily but more towards how much you want to rent your unit...will it be fully furnished? Corner or intermediate units?
2. Yes, there are plenty of agencies you can engaged with. No issue on that.
3. In the past 3 years, I can see that a lot of medium high end condo similar like Reflections were sold almost double their selling price earlier. I have faith in this developer and looking at the features given, I would say that the selling price should be in the region of RM650k-RM750k.

Hope it helps.

 
August 16, 2010 at 6:54 PMUnknown

my 1 cent...
this property at such location is considered very pricey & NOT reasonable.. not many salary earners can afford it... hence for disposing your property at the price quoted above is quite hard... unless, you buying for own stay, then this is a different story..

 
August 16, 2010 at 9:15 PMUnknown

hi Charice, can you show us some real life example of condo sold almost double their selling price earlier?

 
August 16, 2010 at 10:27 PMconcern

Not bad ah! Penangites willing to share info with kiasu, kiasi ppl he2 means that Penangites better than this kiasu country ppl or ppl say more friendly than KL ppl.

 
August 16, 2010 at 11:29 PMUnknown

Hi Teffy

My 3 Cents

It will NOT be easy to rent out at such a location. If you are thinking of getting high rental ..you can forget it, no rich foreigner will want to rent there!

It is also NOT easy to sell off for a big profit at such a location. There is simply too many condominiums at much better locations.
Anyway PG is heading towards an oversupply of condominiums soon ... and this will definitely affect the selling price

 
August 17, 2010 at 9:50 AMpenang

Teffy - if the project is doing well locally, why would the developer take the trouble to sell to foreigner. FYI, good project like Southbay, Seri Tanjung Pinang terrace house and S-D are 95% sold to local. The prices of these properties have since increased by 30% - 50%. Think before you leap, if the project is so good. Would it be still available today? Usually Penangite would snap it up even before it is launched!

 
August 17, 2010 at 1:35 PMJT

Like the rest who have just commented, personally I also think that Reflection is not a good investment. This is not a prime location, traffic is bad, accessibility to work, town and shopping is average, average view (cementary, and seaview too far), and poor neighbourhood. If you are looking for rent return, it has to be targeted at foreigners, but how often you see foreigners in that area? They would prefer to frequent at the tourist belt such as gurney, Tg bunga/ferringhi and the recent trend along jelutong/bayan indah (bayswater, gold coast) due to close proximity to work in mainland (eg.kulim high tech) . The only posible mean of investment is to sub-sale to locals looking for own staying, but with this price range, it worths a second thought furthermore there are plenty of choices wirhin that region and new one keep on coming (golden triangle, elite height, 1-word, 2-word, D-piazza, and hunza's new township). Base on all these consideration, i would say no go. They have launched this project sometimes ago (1 year ago?) which I also personally there, at that time I can see most of the units are already taken out. However to my surprise, i still seeing them selling during the recent property show in G-Hotel. They are so many investors in penang and good choice normally would snap out within a month or so, so let yourselve be the judges for Reflection. If asking any recommendation for good investment in penang right now in terms of rental return, sub-sales try bayswater/gold coast/putra place/summerplace/gurney park/the brezza, all fulfiled at least the location, view, and foreigners exsitence. As for new or upcoming projects, watch for The Residence by ivory (not the Peak), Lanai Seri (if still on), and maritime square (smaller units). Some projects from big shot developers eg. The Address, and southbay ciry are just too expensive and leasehold/commercial title, think twice.

 
August 17, 2010 at 1:45 PMJT

Let me add on this, hope I am not deviate from this Reflection blog, I just would like to provide some comparison and alternative from the perspective of considering reflection as an investment choice. The Surin is another good choice, freehold, good environment, close to 2 of the biggest internationl school in penang, nice design (10ft ceiling, nice pool, 2x2 floor tiles), seaview, 2 car parks and few minutes from the upcoming tesco. my 2 cents..

 
August 17, 2010 at 2:34 PMUnknown

jeff,

Surin has been up for sales since 2 years +, with 2nd block still left more than 50% - as can be seen banners hanging around the street. As from your advise, are you sure this will be the one you would recommend.

 
August 17, 2010 at 2:49 PMJT

Michael, for those I recommended to get through sub-sales, need to find them in reasonable price. Not a easy task nowadays, i know, need to be patience, hardworking, and some luck to come across motivated seller. For surin's case, it is not worth to buy Tower A directly from developer anymore, as most units left are higher floor with higher price tag, or non-seaview units. However, it is always possible to get from those early buyers of Tower B who would like to let go of thier units now. If you go Mudah.com, still can find good deal at <=370psf, can be lower after negotiation. Pay some premium to the buyer, sign s&p and then let lawyer put under stackholder, once the OC obtained, go ahead to apply loan.

 
August 18, 2010 at 7:57 AMAnonymous

I feel that Setia really need to plan well. Commercial, low cost or condo should not create a traffic issue if they don't jam everything into one access road. Another reason why I won't invest in Reflection after much considerations. Who knows what they are going to build in the future on the same road? Like when they launch Alstonia, nobody suspect another condo next door. This is not a fishmarket or stock market where you can easily sell off. You might be stuck with your not-so-appealing unit for years before you can find a buyer.

Better development plan can win buyers too, besides threatening buyers with new pricing every few months. Price can rise all it like. With no buyer eating the bait, nobody wins.

 
August 18, 2010 at 2:13 PMCharice

I suspect you guys are unwilling to purchase or cannot afford to purchase that made you commented on this project. People still have perception on traffic congestions and yet other areas such as Gurney & Queensbay where traffic congestions are not considered as 'traffic congested area'. Smells fishy here eventhough there is no fish market nearby....

BTW I have earned RM300k clean profit from my investment in Setia for the past 3 years. My target is to continue to do so until I achieved RM700k. Reflections and Setia Vista are in my portfolio.

 
August 19, 2010 at 8:12 AMstardust

Thanks for all your noteworthy advice and sorry for asking to many "kiasu" questions :p

Another disturbing thing the developer(lady salesperson) said that the rental is about RM2000-RM2500 per month and if I'm getting a unit, monthly loan is about RM2200 excluding other related expenses. Then where is the rental income i ask. She said Penang properties focuses on capital appreciation more than rental. Is this true?

Btw Charice, what unit did you buy and what did you do to achieve your profit? You have ignited my interest.

 
August 19, 2010 at 11:04 AMUnknown

as many ppl said, this location is not in prime area.. rental won't fetch so high...
more realistic rental you may able to collect is around RM1200..

 
August 19, 2010 at 1:04 PMUnknown

Teffy,

Im not convinced that clarice actually earn 300k from setia pearl island . He is too optimistic about reaching his 700k. Perhaps another 10-15 yrs.

So far,i have never seen any single property in Penang or Malaysia selling double the price in the past 3 years. ( ie. not even bayswater will come to that close )

Clarice, you better get your facts right.

 
August 19, 2010 at 1:06 PMCereal Killa 2011

Teffy,

No need to crack your head.

Make a trip down, check out the area on weekdays and weekends,check out thetraffic situation and comparative rentals u can get in that vicinity. Take all the positive and negative points as posted in this blog and judge for yourself. You will be surprised who is bullshitting you and who is not...

 
August 19, 2010 at 1:50 PMtanprop

Teffy,

Don't be fooled by the salesperson, he is either has no knowledge in perperty investment at all, or he was just trying to close a deal. In general, landed property will be more favourable in term of capital apprecitation as it is built on-top of a peice of solid land. Price inceases over time due to increase in population and scarsity of land, especially obvious for small island like penang. Even so, it is not necessary to guarantee a profit in purchasing landed as there are also other factors such as lower rental rate and price, holding power and also interest v.s apprecitation rate. Lets say you have purchased a 700k landed terrace, take a 90% loan, 30yrs with Blr 6.25-2.2%, the estimated monthly interest charge is around 2k. Lets say you want to sell it in 3 years time with no more loan penalty, the interest already mounted to 72k. In this case, the house must appreciated to 800k at least for you to break even considerate interest, agent fees, lawyers fee, and also renovation/maintainance, if any. Of course if able to rent out the unit in between the period would be good, but landed property are very difficult to find tenant, and rate will be very low. Even you want to find a tenant, you will have to renovate and furnished the place which will cost another bomb. So to me, landed is a long-term game, or simply buy new from developer and flip during OC. As for Condo, it is more suitable on a Rental game, supplement by moderate appreciation. Lets say you have purchased a 400k condo in good location, monthly payment should be ~1.7k (interest plus principal). So if you are able to rent it out for 2k, this should be enough for you to break even, considering maintainance fees, quit rent etc. So in this case, somebody else is helping you to pay the house, and also when you sell it out, you get ti enjoy the appreciation rate fully. This is the concept of "Money works for you".

 
August 19, 2010 at 1:53 PMCharice

Teffy,

Simeple stuff...I bought 1 corner unit @ RM768k in Isle of Life and sold for RM985k, 1 intermedate at the ISle of Life @ RM598,880 and sold at RM750k

So gross profit = RM217k + 152k = RM369k

Bought 1 by cash and the other by way of loan...net approx RM300k. There you go. Thought of hang on for a little while because the price of subsale just increased to RM780k for Carica but Reflections offer to hard to resist.

Alos bought a unit of Grandis in Setia Vista at RM608k and I think I can make some handsome profit too from here...under 5/95 i.e no cost during construction and free legal fee for SPA and Loan. Not to mention free MOT as well.

See I told you those people will not be able to understand why I can earn this kind of money.

 
August 19, 2010 at 2:00 PMtanprop

After syaing all this, i need to clarify that although Reflection is not necessary a bad investment option, i would rather sticks to other choices. I personally do not have conficence "just yet" in sg ara/relau and even bayan baru areas due to the traffic and neighbourhood. It is popular among locals, but this is also the problem.

 
August 19, 2010 at 2:25 PMtanprop

Charice,

Sounds good, guess you have invested ~RM800k of hard-cash and yield a rental of 37% in 2-3years time? But to be honest, anyone with the same cashflow situation as you do and invested properties from a decent developers >3years ago would make the same profit, or even more, not rocket science. If have invested RM800k in bayswater and RM700k using cash, you should be able to afford 3 1173psf units. Current price is ~500k, so the gross profit should be 700k, give 100k discount for fees, you can easily make 600k. Market is in up-swing now, so it is nothing to feel proud about the things in the past, especially using so much hard-cash to make profit. Even just dump 800k into fix deposit, no brainer, also can bring you ~70-80k profit.

 
August 19, 2010 at 3:23 PMUnknown

Clarice

These are just number games la. I agreed with prop. Your cash purchase is another bullshit here!!

Simple,You want us believe, how do you justified taht there are a lot of medium , high end condo appreciated almost double in past 3 years. You cant even name 1.

 
August 19, 2010 at 6:59 PMCharice

Teffy,

See I told you those guys wouldn't be able to understand all this. They are a bunch of sourgrapes who think they are damn smart and yet wouldn't want to put money in it but to claim their opinion is right above all. By the way, Bayswater and Alila is another to double up....oh I have named 2 already...how about another one for the future...Reflections...

Cheers

 
August 19, 2010 at 7:17 PMstanvy

Support Charice on this, The power to hold your prop is da key to earn your cake.

 
August 19, 2010 at 7:22 PMstanvy

Micheal, you are too negative on Sungai Ara and simply you bash on this forum. I think the buyer is matured enough to decide whether to purchase or not.

 
August 19, 2010 at 7:59 PMUnknown

Im not negative and i dont care how you have earn. My concern here is, how can you convince people to invest by giving incorrect information. Do you think you are helping. how can you compare bayswater and reflection. Is an apple an orange comparison. For your info, bayswater was launched on 2005 , and it took 5 years to reach double. Not 3 years. so you better get your facts right. Moreover , bayswater sell well because of the location and quality!! You can encourage people to invest your reflection ,no problem but better know what you are talking about. This is what i want to emphasize. How sure are you that the rental demand are good there. There are plenty of projects going to launch along the costal road plus bayan baru area. eg Southbay plaza, the lights, Elite Heights, One World, The Address, Marittime Sq, Bayan Bay, Penang International City ....etc. At this point of time, Sungai Ara is still not an ideal choice among the expatriates. You can do a survey to justify.

Stanvy, the power to hold is not the only key to earn a cake. It must come with careful selection and research. Of course timing is also very crucial in this part.

 
August 19, 2010 at 8:08 PMUnknown

this Charice is really big time liar and bullshiter...
few flaws in this figures he provided... show us your S&Ps that you really earn that profit...

 
August 19, 2010 at 11:01 PMUnknown

This Charice is a brand blind follower as he only follow SP Setia projects like any Malaysian here always think that won`t be wrong buying a Toyota car.

 
August 20, 2010 at 9:28 AMCharice

This is a blog to voice your opinion...what the shit I have done to deserve this kind of treatment. Grow up, jerks. I am entitled to my own choice. If you are not happy, too bad. By the way, what are you guys doing here?

 
August 20, 2010 at 2:33 PMUnknown

good one Charice, all these jerks are jealous. they are like little baby, so cute

 
August 20, 2010 at 5:42 PMstardust

Thanks for the 2 cents worth Charice. Didnt know that my ignited interest turn into a wildfire of pot shots among Penangites here. Hee...

Well people, Charice is entitled to whatever he wants to voice out. Let's settled it shall we.

Overall, I'm pleased to be able to share my concerns and obtain crucial infos with you guys. Thanks.

Maybe I'll drop by Penang next month to get the pulse of the area surroundg Reflections.

 
August 20, 2010 at 6:18 PMThor

Teffy, glad that you are not blindly follow any unverified facts posted here... you should check out yourself on the location and other location as well to have the comparison... if ppl told you how much profit they make or how many rental they collect and so on - you should request them to them to show the real proof...

 
August 20, 2010 at 8:23 PMstanvy

i don't understand why people should show proof of anything when they're kind enough to give comment or share their previous experience, why does he/she need to provide proof to something that they don't earn any benefit at all?

If I really earn that much, I won't even bother to share it with anyone and create more potential "competitor" for myself, real investor don't just speak, they do it quietly and the less people know, the less competitor they'll have, the easier for them to sell.

If most of the buyer bought for their own stay and not planning to sell it even if the price is doubled, this will create opportunity for those investor, where it is much more easier to do sub-sale for him for higher price, what's do you think they want to share the "proof" with you that create potential competitor? don't you agree with that?

anywhere.. just my 2 cents, just wanna share my thought and don't want to create war here..

 
August 22, 2010 at 10:58 AMCharice

Dear Stanvy,

You are dead right. Why should I show proof when I don't even know who is Teffy. Just being good info samaritan..that's all. Furthermore, I don't owe you anything and even by showing proof, I may endanger myself or my family. What the heck this Max is talking about here....???!! There are a lot of insane bloggers here. Siu already.

 
August 22, 2010 at 11:16 AMUnknown

I agree with Charice. I also invested some properties in Mah Sing, S P Setia and IJM for the past 8 years. In the early years, my portfolio was with IJM. Yes, I got a unit of Bayswater at RM245k plus but sold at RM475k. Subsequently I dare not touch Platino as it is overpriced due to close proximity with Bayswater. Then I went to Setia 3.5 years ago, bought 3storey terrace at RM599k and sold at RM755k. Then went to buy their super link at RM878k. Heard that that the asking price is RM1,030k. Not yet sold but considering to sell as there are not many sellers at the Isle of Conifer. Mah Sing's 3 storey terrrace is next in line. Heard that it will be completed this year end. I shall see how much real value it can fetch.

There you go... a typical investor who earned something...but will not show any proof ya.

 
August 22, 2010 at 2:33 PMThor

see... they are pissed when someone asking them for more (proof).... why? because they don't have it... those ppl challenged their so called "good info" are also a good Samaritan to help others not being fooled by some liars.... we get nothing from it and also we are absolutely not jealous.. who care if you making big loss or make profit - none of my biznuss..

 
August 22, 2010 at 2:36 PMUnknown

agreed.. sometime this is called paper profit...

 
August 22, 2010 at 11:32 PMUnknown

idiots still don get it. why don you show us ur naked photos to prove your gender?

 
August 22, 2010 at 11:36 PMUnknown

all investors ... always remember

" Figures can lie and liars can figure ! "

 
August 23, 2010 at 1:13 AMCereal Killa 2011

When giving your opinions in a particular project, whether for or against, just stress on the positive and negative points lah. Its freedom of speech mah. No one is right or wrong. No one can verify the truth either. We just leave it to the descretion of those who choose to use our info for decision making.

Good and shrewd investors dont go around blowing how much profit they make unless they have vested interests.. Its common sense really.

Just be humble and move on.

 
August 23, 2010 at 1:23 PMUnknown

Low,

Don't call people idiots.

Better use your common sense before post your comments.

If you act, look, talk like a girl or boy? People won't question about your gender. Unless otherwise.

 
August 23, 2010 at 5:07 PMUnknown

Michael,

Better use your common sense before post your comments.

you just don get it. Why must some1 show u his/her SNP? are you willing to show us yours?

btw, i think you act and talk like a little girl, can you show us ur naked photos?

 
August 23, 2010 at 6:20 PMUnknown

Low,

Dont make me laugh again!! hahaha

Is just that people dont trust you whether you are a girl or boy. That is why we required you to show proof. Dont make yourself so stupid and silly here.

 
August 23, 2010 at 7:31 PMUnknown

Micheal,

come on, be a man, do the right thing. show us some photos of you to prove that you are a man. because i believe that you are a girl. just normal photos will do. no need naked photos. or just show us your facebook page.

 
August 23, 2010 at 8:26 PMUnknown

Low,

I suggest you better check with your doctor to determine your sex gender. This is a property blog, nobody interested to see naked photos.

My advise, next time better post something more sensible and related to properties.

 
August 23, 2010 at 9:16 PMUnknown

wow. a little girl just get pissed off.

 
August 23, 2010 at 9:57 PMUnknown

Dont know who get more pissed off. No naked pictures to see. Wrong website. Hahaha!

 
August 23, 2010 at 10:10 PMUnknown

haha. yaya. wrong website. shit!

 
September 5, 2010 at 11:48 AMkeneng

Went to the site for progress update. There are only 2 piler machine working on the site slooooowly at their own pace, seems like no project schedule to follow. No tower crane to be setup yet.

 
September 6, 2010 at 5:02 PM将不会平凡

I just bought one unit in sp setia, RM490 for 2 car parks..
The environment is good...it is not facing the graveyard, dont worry...when 2nd penang bridge is done, the property sure increased, for my opinion...i love the environment there....they wana make it like township..worth it guys!

 
September 6, 2010 at 10:04 PMsinofi

Hi may I know which type u bought?
Did u get fr developer or fr sub sale?

 
September 9, 2010 at 9:24 PMSummer Tea

anyone know is there any more unit available from the developer?

 
September 21, 2010 at 2:23 PMOng

is there any promotion given by the developer?

 
October 12, 2010 at 10:34 PMkeneng

Hello, Any update on the site progress? Still piling?

 
October 21, 2010 at 6:35 PMWinnie Ng

i bought an unit,i really love it so much. far from the town area, enjoy the relax life after work!!
pen is in developing,every single land can consider as gold. sg.ara will be developed in future.
when i knew about this,only 6 units left. all reserved for bumiputra. the price is RM466,000,only with 1 car park.

 
November 21, 2010 at 11:03 AMUnknown

another submission pending for approval..
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=136204&NoForm=Form4

 
November 24, 2010 at 11:42 AMUnknown

L Heng,

What submission? unable to locate from the website you posted.

 
November 25, 2010 at 6:25 PMUnknown

Hello Kt,

May be you should use different web browser to open it.

This is building plan submission for amendment the number of storey from 31 to 27 storey. No wonder the site progress is so slow.

Cadangan Pelan Pindaan Kepada Kelulusan Pelan Bangunan No:-MPPP/OSC/PB(1324)/09(LB) Yang Diluluskan Pada 09 Mac 2010 Daripada:- Pangsapuri 31 Tingkat Yang Terdiri Daripada: I.) 27 Tingkat Menara Pangsapuri (347 Unit) & Ruang Rekreasi Ii.) 3 Tingkat Podium Tempat Letak Kenderaan Iii.) 1 Tingkat Basemen Tempat Letak Kenderaan Kepada Pangsapuri 29 Tingkat Yang Terdiri Daripada: i) 25 Tingkat Menara Pangsapuri (317 Unit) & Ruang Rekreasi ii) 3 Tingkat Podium Tempat Letak Kenderaan iii) 1 Tingkat Basemen Tempat Letak Kenderaan Di Atas PT 6327, Mukim 12, D.B.D., Persiaran Kelicap, Pulau Pinang.

 
January 4, 2011 at 9:23 AMKS_rev

now only revise the build plan, 347 unit to 317 unit? How about the affected owners?

mm.....a sign of 'hard to sell' condo in this area...

 
January 6, 2011 at 6:11 PMCharice

Dear KS_rev,

They revised down is a good sign for the purchaser i,e lower density. By the way, the sales staff informed me that the total units are 317 since day one back in Apr 2010. Now only left 5 units non-bumi...all at lowest floor. Are you sure this is a sign of 'hard to sell'? The best of all is I was told everyday sure got people asking for a unit at higher floor in their sales office. Wow! Fellow investors, once completed sure make $$$.

 
January 28, 2011 at 12:31 AMkeneng

http://ehome.kpkt.gov.my/ehome/ListAlamat.cfm?PROJ_PMJU_KOD=10244&PROJ_KOD_FASA=11&Nama_Projek=REFLECTIONS&Negeri=07

confirmed the main contractor is RID

 
July 23, 2011 at 10:09 AMAnonymous

Is this project sold out? What is the price per sq ft now?

 
November 23, 2011 at 3:15 PMlee

By selling RM 400++/sf, SP SETIA should deliver a good & reputable project without fail.

Can't wait the outcome of this condo in 2013. Hope feedback from purchase will be positive instead like Platino price tag expensive but security fail. MMmm...Setia first highrise in Penang.

Definitions of good : security (better than Platino & Summer Place), finishes (a price tag for RM400++/sf, let see what they provide), workmanship (hope it wont be as poor as landed setia in isle of life), concept.

Heard from a relative the allocation for additional car park wont be side by side. although you pay RM 18k ~RM 20k per car park. What a lousy arrangement.

Reflection is classify as luxury apartment or condo? zan pavilion, elite heights and golden triangle is much more cheaper.what make reflection different from others?

Still have any units left?
Heard meridian is giving higher specification than reflection.

 
December 5, 2011 at 8:24 PMmelloyz

anyone taking the additioanl upgrade for air cond piping? Is it worth it? Seems expensive to me but wonder why they have different price for different layout...

 
December 13, 2011 at 1:02 AMkeneng

The land beside Reflection is planned for service apartment--Setia Triangle? or it is just a proposal?

 
December 30, 2011 at 2:13 PMChin

I bought a unit last June and just made a payment of RM3600++ to upgrade the A/C points. The price varies due to the length of the pipe for different types of design.

There's new development next to the vacant land of the condo, flyer is out and is open for registration.

The current price per/feet of reflection is RM430.00 for the remaining unsold units, mainly bumi lots.

Joshua

 
December 30, 2011 at 3:54 PMavatar

from the show house, the room tile size is 1 x 1, not 2x2...anyone can confirm?

 
January 3, 2012 at 3:49 PMlee

Yup AVATAR, show room 1 x 1. but SETIA sales person informed they will upgrade to 2 x 2. Is not written in SnP. its a verbal commitment.

 
January 20, 2012 at 2:02 PMsa lin

any more unit left over with <400K? Or it's has gone to 600k+? plan to get 1 for own stay.

 
January 24, 2012 at 12:30 PMmelloyz

Don't think got anything below 400k still left. When i look at this project in mid 2010, all left at price 400k++ now as Chin Yee mention : RM430psf.

 
February 1, 2012 at 10:28 AMstanvy

I would like to sell my unit, 1500sq ft, anyone know the procedure of selling it now? can I do it without OC obtain?

appreciate your advice

 
March 25, 2012 at 8:40 PMkeneng

Hello everyone, I have captured some pictures on the progress. So far it has been reaching 24th floor. external wall plastering running in parallel until 20th floor. Balcony grill installation for 3 & 4 floor's units are almost done. A lot of hacking and drilling works inside the building. I guess it should be able to get OC by end of this year.

 
April 9, 2012 at 8:18 AMmelloyz

They install grill?

 
July 18, 2012 at 9:05 PMUnknown

Has the carpark allocation been allocated?

 
July 23, 2012 at 2:03 AMStanley

This is the first condo by SP Setia in Penang. If they fail to deliver, they will never be able to gain trust for their future condos be it The Breeze, The Wave or even their Setia Vista. So far the progress of this project is good. Their Setia Tri-Angle will compliment and push the market price for this project. Hope they took seriously this project as it is impossible to gain trust and keep on selling future condos without keeping up to their brand name. Hope Setia will be able to deliver their motto "live-learn-work-play".

 
July 23, 2012 at 2:19 AMStanley

Sorry, i mean Setia Residence, not Setia Vista.

 
July 26, 2012 at 5:25 PMFlyboy

Judging from the progress, do you think they can obtain OC by end of the year?

 
July 28, 2012 at 1:42 AMStanley

I don't think so. To obtain OC depends on the gov officer. They are well known for their inefficiency and the "tunggu dulu" or "tidak kisah" attitude. But it's possible OC been obtained 3 months ahead from the expected date of completion (June 2013) since SP Setia is a well established company with many years of track records.

 
September 30, 2012 at 3:34 PMUnknown

What is the impacts on rpgt increased for this condo? Will the price increased or those chick speculator is shivering there...lol
first home buyer looking to establish my first house there.

 
March 5, 2013 at 11:49 AMLaaveniya Mugen

still available? current selling price?

 
March 7, 2013 at 12:37 PMAlex

key is expected to be handed over in April...according to SP

 
March 7, 2013 at 12:38 PMAlex

just wandering if those who purchased 2 carparks will get them side by side. any1 know?

 
March 15, 2013 at 4:46 PMlee

its a stupid arrangement if the car park is not side by side....imagine ur wife park downstairs and husband park upstairs. its not convenient to transfer things from car to car

 
March 15, 2013 at 10:21 PMsinofi

They gave me back to back but an option to purchase 3rd car park.

 
March 19, 2013 at 9:16 AMAlex

hope no gangsta paradise in SP Setia for renovation :P

 
March 24, 2013 at 1:57 AMJustin Tan

My name is Justin Tan, a proud owner of Reflections condo. My unit no is il-05-10. In order for a proper place for discussion, I have created a closed FB group for all Reflections condo owners. All owners interested to join please email me at justin_tan@consultant.com your FB name, unit no, size and layout type. The info you provide is used to ensure only genuine owners are in this FB group . All your info is P&C and won't be compromised :)

Search for “Penang Reflections Condo Owners FB Association” at Facebook.

 
March 24, 2013 at 2:10 AMJustin Tan

I have uploaded 32 photos I took at Reflections and 1 condo unit when I sneak into Reflections on 19 Feb at our FB group.

Search for “Penang Reflections Condo Owners FB Association” at Facebook.

 
March 24, 2013 at 12:09 PMJustin Tan

The link of our FB group:
http://www.facebook.com/groups/PenangReflectionsCondo/

 
April 2, 2013 at 12:23 PMJustin Tan

My name is Justin Tan, a proud owner of Reflections condo. My unit no is il-05-10. In order for a proper place for owners’ discussion, I have created a closed FB group for all Reflections condo owners. All owners interested to join please email me at justin_tan@consultant.com your FB name, unit no, size and layout type. The info you provide is used to ensure only genuine owners are in this FB group. All your info is P&C and won’t be compromised .

The link of our FB group:
http://www.facebook.com/groups/PenangReflectionsCondo/

There are 26 Reflections owners in the group now. Some of us have received the VP letter from developer. Join us now :)

 
April 14, 2013 at 6:25 PMJustin Tan

Key hand over is in progress.

We have 39 owners in our Reflections Facebook group now.

Any Reflections owner would to join our group please pm me your Reflections unit no, size and layout type. The info you provide is used to ensure only genuine owners are in this FB group. All your info is P&C and won’t be compromised.

https://www.facebook.com/groups/PenangReflectionsCondo/

 
May 20, 2013 at 10:52 AMSir Hoe

Got the keys and checked the unit. Pretty impressed with the unit as its better than my expectation. No gangster contractor. The gym and the common area are not ready yet.

 
July 13, 2013 at 7:51 PMUnknown

Hi, can someone pls advise me the sq.ft. for Type C1, C2, i1, i1a, i2. Which type have a nice view facing Penang Bridge n Airport. What is the mthly maintain fees. Appreciate your help. Tks

 
January 11, 2015 at 4:15 PMUnknown

I intended to buy a 1450 sqft unit at Reflections, may i know what is the market price now and what is the monthly maintenance fee & sinking fund?

 
May 11, 2015 at 4:25 PMA Wonderful Life

Keen looking for reflection high floor unit, kindly email to awktsp@gmail.com...thanks

 
January 23, 2016 at 10:44 PMpatrick

hi there i got few unit for sale
Property Details: reflection sungai ra
- freehold
- fully furnish & fully renovation
- 1260 sq.ft.
- very nice unit
- Corner unit, well ventilated.
- 1 car park

price : 750k nego for rent 1700 pm


contact 016 441 6113 agent patrick lim

For more information,kindly to call / Whatsapp/ wechat/ Email for more details
or arrange an appointment for view
I will be happy to serve you.
We are very welcome call / SMS / email / whatsapp me for SALE or RENTING out your unit,we have ready BUYER and TENANT. Hope that we can help you
View to believe

For more inquiry or arrange for viewing , buy , rent , sell
Welcome other agent to co-broke too
Please Contact
016 441 6113 agent patrick lim

 
April 1, 2016 at 12:17 AMpatang kia

Hello, I am looking for a unit with 2 cp.
medium and high floor preferred.
Direct owner and no agent please.
Feel free to contact me via patangkia@gmail.com

 
May 20, 2016 at 10:45 AMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

 
June 18, 2016 at 11:19 PMJack shim

Hi all jack looking unit 11 or 15
Prefer original unit.

Call direct 0125638718 or WeChat jackshim56

 
June 18, 2016 at 11:19 PMJack shim

Hi all jack looking unit 11 or 15
Prefer original unit.

Call direct 0125638718 or WeChat jackshim56

 
December 5, 2016 at 5:02 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

Owners who are willing to let go or rent can contact me too. TQ

 
December 7, 2016 at 11:14 AMUnknown

Reflections Condominium is strategically located nearby Desa Bayan Apartment, Setia Pearl Island, Fiera Vista, Setia Triangle, The One Residence, Mutiara Perdana and Sri Bayu Apartment.

-1450sf
-3+1 bedrooms
-3 bathrooms
-2 car parks
-Airport and Seaview
-Partially renovated (kitchen cabinet)
-Asking only Rm800k

For more information or To view the unit, kindly call Kevin 017 4987068

 
December 8, 2016 at 2:26 PMUnknown

Reflections Condominium For Sale:

-Located at Sungai Ara
-Build up: 1077sf
-2 Car Parks
-Renovated n Furnished
-High floor
-Nice view

Only asking: Rm 630k

For more information or To view the unit, kindly call Kevin 017 4987068

 
December 27, 2016 at 2:37 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

Owners who are willing to let go or rent can contact me too. TQ

 
July 20, 2018 at 10:51 AMUnknown

*** RM 580,000 ***
► Freehold (永久地契)
► Lower Floor (底楼)
► 1260 sq ft (1260 方尺)
► 3 Bedrooms (3间卧室)
► 2 Bathrooms (2间浴室)
► Partially Renovated (部分装修)
► Partially Furnished (部分家具)
► 1 Car Park (1个停车位)

REAL ESTATE NEGOTIATOR ( BUY / SELL / RENT)
WELCOME OWNER / BUYER & TENANT
WE WILL PROVIDE YOU MOST PROFESSIONAL SERVICE AND LET YOU HAVE YOUR IDEAL HOME
PLEASE CONTACT: ALEX CHEAH 011-16551368

房地产业中介 (购买/出售/出租)
欢迎屋主/买家及租户
寄售您房地产业及询问您房地产的市价
我们将会提供您最专业的服务,以让您拥有您所理想的家园
详情请联系: 謝岷諱 011-16551368

 
October 27, 2018 at 2:13 PMJack shim

Welcome buyer
Seaview unit for sell
1449sqft

Key on hand
0125638718

 
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