From
RM1.9mil
Price From
RM1.9mil
Built-Up
2,874 sqft
Price Insights
Developer Asking Price
RM661/sqft
Based on RM1.9mil ÷ 2,874 sqft
Penang Market Range
RM400–700/sqft
Q3 2025 median (high-rise residential)
Based on Bayan Lepas, Penang market data, similar properties transact at RM400–RM700 psf. This project is priced within the market range for the area.
Subsale Transaction Data
VerifiedOfficial govt records for CASA RICA
Transactions
6
Median PSF
RM913
Latest
Feb 2024
Casa Rica @ Setia Greens, Penang Review — Worth Buying?
NP Score
6/10
Moderate
Asking PSF
RM661
per sqft
Bayan Lepas Median
RM913
verified PSF
Price check: Priced at RM661/sqft — at or below the Bayan Lepas median of RM913/sqft.
The case for buying
- Bayan Lepas location offers excellent commercial and business hub connectivity
- SP Setia's proven track record ensures quality construction and service
- Semi-D properties provide strong capital appreciation in Penang market
- Setia Greens integrated community with modern amenities and facilities
- Strategic location near airport and major employment centres
The honest verdict
Value & Pricing
At RM1.9M for a semi-D in Bayan Lepas, the price positioning is competitive for the established Setia Greens enclave with SP Setia's track record, though buyers should verify psf against comparable developments in the vicinity to assess value adequacy.
Location & Connectivity
Bayan Lepas offers good road accessibility and proximity to Penang's commercial hubs, but the absence of nearby MRT connectivity limits public transport options—reliance on private vehicles remains necessary, which may impact long-term appeal as transit infrastructure develops.
Risk & Timing
Tenure and completion timeline are not disclosed, creating information gaps that obscure investment horizon and financing certainty; obtaining these critical details from the developer is essential before commitment, particularly given Penang's evolving property market conditions.
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- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
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Project Details
Property Type
Semi-D
Construction Status
Completed
Bumi Discount
Not Available
Casa Rica @ Setia Greens, Penang Video Tour
Watch a video tour of Casa Rica @ Setia Greens, Penang in Bayan Lepas, Penang. Semi-D by SP Setia.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider Casa Rica @ Setia Greens, Penang?
Based on location data and market analysis
- ✓Located in Bayan Lepas, Penang
- ✓By SP Setia — verified developer on NewProjek
- ✓Semi-D development
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM6,700–9,100
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 2.7% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
24.4x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Bayan Lepas
Browse real verified transaction prices for nearby properties
What's Nearby
To see estimated commute time
Powered by Google Maps · Walking times are estimates only
Mortgage Calculator
Est. monthly repayment
RM 8,664/mo
Based on 10% down, 30yr tenure at 4.5% p.a.
Upfront costs
Frequently Asked Questions
What is the price of Casa Rica @ Setia Greens, Penang?▼
Casa Rica @ Setia Greens, Penang starts from RM1.9mil. Contact the developer directly on NewProjek for the latest pricing.
Where is Casa Rica @ Setia Greens, Penang located?▼
Casa Rica @ Setia Greens, Penang is located in Bayan Lepas, Penang, Malaysia.
Who is the developer of Casa Rica @ Setia Greens, Penang?▼
Casa Rica @ Setia Greens, Penang is developed by SP Setia.
What type of property is Casa Rica @ Setia Greens, Penang?▼
Casa Rica @ Setia Greens, Penang is a Semi-D development.
What is the construction status of Casa Rica @ Setia Greens, Penang?▼
Casa Rica @ Setia Greens, Penang is currently Completed.
Berapa harga Casa Rica @ Setia Greens, Penang?▼
Casa Rica @ Setia Greens, Penang dijual bermula dari RM1.9mil. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent Casa Rica @ Setia Greens, Penang?
This project is already completed. Browse subsale transactions, current listings, and market data below.
View Transaction History (6 txns)Find Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →
SP Setia
SP Setia Berhad is one of Malaysia's largest and most respected property developers. With a diverse portfolio spanning residential townships, integrated developments and commercial properties, SP Setia has built some of Malaysia's most iconic neighbourhoods.
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View all projects by SP Setia →Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
View 6 Transactions →
