Fairview Residence

May 16th, 2017 Leave a comment 中文版

fairview-residence

Fairview Residence, an upcoming affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between BSG Property and VST Group.

This development will features 34-storey condominium offering 750 units of affordable housing, with standard built-up size of 970 sq.ft.

* EARLY BIRD PACKAGE AVAILABLE NOW! *

Project Name: Fairview Residence
Location : Sungai Ara, Penang
Property Type : Affordable Housing
Built-up Area: 970 sq.ft.
Total Units: 750
Indicative Price: RM388,000 onwards
Developer: BSG Property & VST Group

Please contact developer appointed agents below for EARLY BIRD PACKAGE
John Lee
John Lee
012-433 2820
Yvonne Tan
Yvonne Tan
016-442 9837
Shirley
Shirley
016-418 3632

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

Center map
Traffic
Bicycling
Transit

 

 

  1. SiewLaiLai
    May 16th, 2017 at 19:19 | #1

    Is the location good for this project? Could someone answer me? TQ

  2. ryuzhi92
    May 16th, 2017 at 21:23 | #2

    @Siew The whole area crowded, many projects launched there (i.e. Imperial Grande, Senzo Residence), a few projects just obtained OC recently, Imperial Residence, Ideal’s low cost apartment. Good location in Penang Island like town area, STP 2, Sg Nibong, Queensbay usually priced more than 700k (double than this).

  3. Kee Yong
    May 17th, 2017 at 09:53 | #3

    show room available? completion date?

  4. Leong
    May 17th, 2017 at 10:25 | #4

    Now whole Sg Ara and Relau Super Jam …
    Need to improve the traffic in this area….

  5. azroy
    May 17th, 2017 at 15:12 | #5

    SiewLaiLai :Is the location good for this project? Could someone answer me? TQ

    location wise is ok..but quite congested especially peak hour. In future will be more traffic and parking problems

  6. City
    May 17th, 2017 at 16:12 | #6

    This is a Fabulous condo in Sg Ara. It sit a bit higher and It was further away from GSD and Ideal Project. Fairview was a very good view at whole Bayan Lepas. No obstacle view. Sure no blocking for future development

  7. SiewLaiLai
    May 17th, 2017 at 20:26 | #7

    How n where to contact the developers? Could someone pls let me know? TQ

  8. chin
    May 19th, 2017 at 13:12 | #8

    freehold?

  9. JOCELYN
    May 22nd, 2017 at 09:49 | #9

    how to contact developers ?

  10. i.like.it
    May 22nd, 2017 at 10:05 | #10

    @SiewLaiLai @JOCELYN

    Google VST Group’s website and call their contact number

  11. SK Ch’ng
    May 22nd, 2017 at 16:09 | #11

    there have 1 main road only, very jam

  12. simon cheah
    July 7th, 2017 at 01:41 | #12

    need to apply

  13. LS Lye
    August 10th, 2017 at 14:26 | #13

    location wise no prb, just that a lot indon maids & “foreign” operators/workers all stay nearby.. peak hours got big buses to pick them up..

    @SK Ch’ng
    jam is normal la, whole Sg Ara also jam mia, 6am come out won’t jam

  14. YL
    August 14th, 2017 at 16:22 | #14

    I got a call from agent, the launching is on 26 Aug 2017, they ask me to prepare a cheque prior to to attend the launching at Boon Siew. Is this normal as they collect money before any official booking? Btw, is the APDL approved?

  15. wc.ong1975
    August 17th, 2017 at 10:55 | #15

    Why this thread not active? good location? seems like no interest in this project?
    i checked the site, nothing but a marketing board, entrance is narrow and jagged
    sure is boon siew project? reputable developer doesn’t do cheap stuff

    YL :
    APDL approved or not, it’s normal to collect money first
    but i think u should wait, cuz many ppl’s experiences are
    if project no good response, will further cut price
    it’s affordable housing, guess what u never know what’s the REAL price :(

  16. wc.ong1975
    August 17th, 2017 at 10:57 | #16

    Why this thread not active? good location? seems like no interest in this project?
    i checked the site, nothing but a marketing board, entrance is narrow and jagged
    sure is boon siew project? reputable developer doesn’t do cheap stuff

    YL :

    APDL approved or not, it’s normal to collect money first
    but i think u should wait, cuz many ppl’s experiences are
    if project no good response, will further cut price
    it’s affordable housing, guess what u never know what’s the REAL price

  17. Jun
    August 17th, 2017 at 14:44 | #17

    It is ridiculous to collect 5k for booking fee in advance before attending the official booking. Property price will be stagnant and even going down due to the supply is more than demand now. is the developer over estimate or over confident the current market?

  18. Jun
    August 17th, 2017 at 14:44 | #18

    It is ridiculous to collect 5k for booking fee in advance before attending the official booking. Property price will be stagnant and even going down due to the supply is more than demand now. is the developer over estimate or over confident to the current market?

  19. Neymar
    August 17th, 2017 at 15:11 | #19

    Guys take note that there are policy changes for affordable housing lately. Max controlled price now is only 300000 so i dont see how the developer can sell for 388 as advertised unless theyre going to force buyers to take some reno package etc. Do find out before putting your money down. If you are going to buy to live there then propects of appreciation shjould not be a concern as over 15 years the property will appreciate. If you are looking at short term gains pls stay away from this project . price is not going to appreciate much with thousands of units in that area.

  20. Seri
    Seri
    August 17th, 2017 at 17:54 | #20

    This project not under affordable housing category right?
    Can’t find and not in perumahan penang affordable list.
    Not under affordable category i think.

    Marketing agent John Lee, Yvonne Tan & Shirley pls help to clarify?

    If under affordable housing, then pls advice why not in state gov rumah mampu milik list? when add in state gov list…?

  21. ryu
    August 17th, 2017 at 20:48 | #21

    @Neymar, how can you gain from the affordable house in short term?? It was prohibited from selling or rent for 5 years after receive the key from developer. Furthermore, the price was restricted to increase dont know how many % after 5 or 10 years. If open public units, if sell within 5 years still subject to Real Property Gain Tax and with this high density project, investors will forget about it~

  22. ron
    August 19th, 2017 at 17:34 | #22

    why this it’s being sold as affordable category when even PN1 form from state government to apply affordable home is set at max RM300K category C3, C2->RM200K-C1->150K.

  23. Leehin
    August 22nd, 2017 at 23:15 | #23

    Compared to icondo and imperial grande by ideal,it quite ok. Anybody go to their event?

  24. Jacky
    August 26th, 2017 at 13:50 | #24

    today grand launch already , seem like that is quite good sales base on the BSG fb posts..anyone was going?

  25. Kuan.Min.82
    August 26th, 2017 at 22:27 | #25

    @Jacky
    I went to the gallery. Sorry to say I end up leaving bcuz of the cold response. Also bcuz my parents persuaded me not to buy. Really can feel the downturn of Penang property market. Long gone the good old time.

  26. BT
    August 27th, 2017 at 20:56 | #26

    @Kuam.Min.82
    Can share pron and con? Your point of view?
    Thks.

  27. BT
    August 27th, 2017 at 21:04 | #27

    In term of price, is lowest at this area some more developer is bsg.
    Hope anyone can share good or bad for this project?
    Is not affordable housing under state government right?

  28. Leehin
    August 27th, 2017 at 22:54 | #28

    It under goverment and also open for public. The price different is about 30k.

  29. Leehin
    August 27th, 2017 at 23:09 | #29

    The price from 430k onward.

  30. Lam
    August 28th, 2017 at 09:36 | #30

    “why this it’s being sold as affordable category when even PN1 form from state government to apply affordable home is set at max RM300K category? ”

    Looks like developer don’t give a damn to the affordable pricing set by PG gov.

  31. John
    August 28th, 2017 at 12:35 | #31

    @Jacky

    I didnt interpret the fb photos as a success. It was not a full house. I could only see a handful of people seated where the presentation was and even that seats were not full. This area is overly saturated with condos

  32. BT
    August 28th, 2017 at 19:23 | #32

    @Lam
    I think recently already revise affordable housing category A – F, E for 300K income eligible is 10K and F for 400K income eligible is 12K.
    Maybe PG state gov PN1 outdated.
    Hope other can clarify…?

  33. Lol
    August 28th, 2017 at 19:27 | #33

    So how is the sale for this project? % sold?
    Anyone can share?

  34. Lol
    September 3rd, 2017 at 19:29 | #34

    This project response no good?
    No more discussion? So far sale no good?

  35. EM
    September 6th, 2017 at 13:33 | #35

    Any update for this property?

  36. jacky
    September 7th, 2017 at 08:24 | #36

    heard the unit dy sold 200units ++ since launching date . i think pricing and developer are the main attractive points for this project. all of us know this area ady full of condos and selling price hits around 550k ++ for a new 1000sf condo

  37. Koay Loh Kae
    September 7th, 2017 at 08:56 | #37

    i talk to my young friend, if u want a affordable hse pls
    consider this project. if compare to other.
    first FV just beside setia condo
    Second FV got new design- sky garden at middle floor.
    so FV not look like usual affordable hse.
    third FV is sales by well know developer. dun scare it will be abandoned.
    But the disadvantage is have to sign 48 months s&p.
    im old already can’t wait so long…

  38. Lol
    September 7th, 2017 at 15:40 | #38

    @Koay Loh Kae
    This project confirm is state gov affordable housing? I cant find this project in erumah website?
    Why beside setia condo consider good? :)

  39. Lol
    September 7th, 2017 at 15:42 | #39

    @jacky
    200units++ sold mean ~30% sold?
    Consider good sale nowadays?

  40. HAPPY
    September 7th, 2017 at 15:57 | #40

    @Lol

    I doubt they actually sold so many. Discount by 50% what the sales staff tell you. That area is so congested and people spoilt for choice. Possible that only 200 have paid booking fees only

  41. jackycwj
    September 7th, 2017 at 16:33 | #41

    @Lol
    not really good if compare with other branded projects n developers. i also feel that they r not really push for the project as not much updates in their fb , official website down .. however , i believe still can go ahead for some young n first time buyer whose not really can afford for 550k++ condo

  42. Lol
    September 7th, 2017 at 17:44 | #42

    @jackycwj
    Agreed with you.
    But price consider cheaper in this area.
    Dont know why no more update in developer fb….maybe consider not good sale for them?
    Developer release to agent maybe agent not doing good job to hard sell? Haha.

  43. Lol
    September 7th, 2017 at 20:22 | #43

    @HAPPY
    Bsg staff told 50% discount?
    Possible?

  44. CKS
    September 7th, 2017 at 23:58 | #44

    ‘Happy’ means discount the 200 units sold. Which is only maybe 100 units sold… Get it?

  45. HAPPY
    September 8th, 2017 at 10:33 | #45

    Correct CKS

  46. EM
    September 8th, 2017 at 12:35 | #46

    I have call to BSG and asked It should be discount of 5% instead of 50%. Construction will be start on this yr end. This developer worth to go ?

  47. Tat Sing
    September 8th, 2017 at 14:08 | #47

    They got the APDL or not?

  48. Eric
    September 8th, 2017 at 14:26 | #48

    @EM

    Please read HAPPY’s comment again carefully. No one mentioned 50% discount on the price lah

  49. Lol
    September 8th, 2017 at 15:33 | #49

    Bro CKS & HAPPY.
    Lol…..thks.

  50. Lol
    September 8th, 2017 at 15:36 | #50

    Bro & Sis,
    Compare with Imperial Grande, IG better in term of location but price higher a bit.
    Nowadays ideal quality not bad.
    What u think?

  51. EM
    September 8th, 2017 at 20:17 | #51

    Hear say IG hv abt 1000 unit, FV hv 750 unit. Then, 30 over shoplot for IG and 10 unit shoplot for FV.

  52. BT
    September 8th, 2017 at 21:33 | #52

    IG layout, design and showroom look nice, not sure about FV?

  53. T
    September 17th, 2017 at 20:24 | #53

    Floods last 2 days may causing property hard to sale at this area?

  54. Kuan.Min.82
    September 18th, 2017 at 14:06 | #54

    @BT

    this project is on the same tract of land from the same hill, sitting adjacent to setia green/pinnacle
    https://www.facebook.com/chantpenang/videos/vb.280376711984000/1568552473166411/?type=3&theater
    you look at hillside houses in paya terubong and tanjong tokong, all suffered same act of god
    sometimes parents said nope means nope

  55. affordablehome
    September 19th, 2017 at 12:11 | #55

    the real question is whether this is affordable house as claimed by developer when you are paying min 388K for it. The statement govermnet revised the price to 300K from 400K 1-2 years ago because poeple feel even the affordable also is not “so affordable”. The real question buyers have to ask why you have register and apply as affordable home when the price is already reach 388K.

    the developer sell as it ” force upgrade”, buyers can’t sell within 5 years upon completion and buyers can’t rent it as well for 5 first years because it’s categorised afforable in reality buyers are paying above the afforable limit 300K, this something have be careful unless some buyer are very sure not going move to another house upon completion plus 5 years period.

    if the price already reach close 440K for some units it’s better consider some secondary market property close to 500K which have better size and facilities in neaarby area.
    developers should built affordable home with 2 carpark and reasonable size at 300K because government increase plot ratio so that they can build like aprtment like ” komtar” for affordable home catergory and i believe profit is still the even if the home at 300K. if they can build low cost ( 42K ) and low medium cost at 72K why not 300K with 2 car park and size 900sqft.

  56. Jason
    September 19th, 2017 at 13:24 | #56

    5 years tied up is start from stamping date of S&P,
    which 1 year after the expected completion.

    for my point of view,
    can list down the affordable project that within 300k ? the sales package, overall unit density & full details ? For us to make better comparison

  57. Jason
    September 19th, 2017 at 13:30 | #57

    Ive check with my friend
    this project consider early bird, why ?
    Since the gov site cant find the name of project,perhaps pending license & etc ?
    from my past experience,this is consider 1st price from developer right ?
    since no harm done to book an unit for ownstay ,why not go ahead for young gene?
    ive compare a few projects in that area… psf wise i think this is lowest lo

    pls dont shoot me ya,just sharing nia

  58. Jason
    September 19th, 2017 at 13:32 | #58

    my boy just buy one with 3 car parks eh ,but need wait state gov approve lo
    any neighbour at level 30 boh?

  59. Lam
    September 19th, 2017 at 15:16 | #59

    on last Friday historic super heavy rain, there is landslide at Sg Ara Setia Green landed area. Mud + soil + rainwater all flushed from the hillside to the residence area. Even the NTV7 news report it.

    Guess where is this Fairview Residence located at? It is exactly on the landslide slope.
    Those who booked, good luck in future….

  60. T
    September 19th, 2017 at 16:49 | #60

    @Jason
    So far how many units booked? Or how many units left?

  61. Lam Pah
    September 19th, 2017 at 20:19 | #61

    Lam :
    on last Friday historic super heavy rain, there is landslide at Sg Ara Setia Green landed area. Mud + soil + rainwater all flushed from the hillside to the residence area. Even the NTV7 news report it.
    Guess where is this Fairview Residence located at? It is exactly on the landslide slope.
    Those who booked, good luck in future….

    If you are not sure, don’t simply mislead others by stating “exactly”. The landslide slope is on the right of setia green sign board. While, this property is on the left of setia pinnacle.

  62. Lam Pah Chi
    September 19th, 2017 at 23:12 | #62

    Lam Pah :

    Lam :
    on last Friday historic super heavy rain, there is landslide at Sg Ara Setia Green landed area. Mud + soil + rainwater all flushed from the hillside to the residence area. Even the NTV7 news report it.
    Guess where is this Fairview Residence located at? It is exactly on the landslide slope.
    Those who booked, good luck in future….

    If you are not sure, don’t simply mislead others by stating “exactly”. The landslide slope is on the right of setia green sign board. While, this property is on the left of setia pinnacle.

    Left or right, still building on the hill slope. Good luck for more forest cutting

  63. T
    September 20th, 2017 at 06:23 | #63

    Setia Pinnacle completed cant do anything but FV yet to build + 3-4years to complete, maybe vst&bsg take this into consideration to improve or prevention?
    Buyer need to feedback or high light this to bsg?

  64. nasilemak
    September 20th, 2017 at 07:17 | #64

    *sigh*….That’s the problem. It’s only a matter of time something tragic happens. Because of money (and VST & BSG already have tonnes of it), people are willing to risk other’s lives.

  65. KH
    September 20th, 2017 at 13:35 | #65

    @T

    If u haven’t book this project, just look elsewhere, there are tons of new housing projects out there. Why want to risk your life for the next 30 years for landslide tragedy during heavy rainfall ?

  66. Run road
    September 20th, 2017 at 14:22 | #66

    This project is also bad given the location lah. Overly congested already. Might take an hour every morning just to get out of sungai ara jam. Forget it

  67. T
    September 20th, 2017 at 21:08 | #67

    @KH
    You are right, but FV cheaper psf compare other properties at this area…

  68. jackycwj
    September 21st, 2017 at 12:21 | #68

    @Run road
    if state governement din take any action to control new project and housing development , within ten years , anywhere also jam and no diff …

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