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
RM1.9M entry price for semi-detached units in Penang is mid-to-premium range; fair valuation depends on built-up area and finishes, but lacks tenure clarity and completion timeline, which are critical to assessing true market value.
Location & Connectivity
Bayan Lepas offers established infrastructure and commercial proximity, but absence of nearby MRT limits public transport accessibility; reliance on personal vehicles may be necessary for commuters seeking rail connectivity to George Town or Butterworth.
Risk & Timing
Incomplete project information (tenure not specified, no completion date disclosed) presents moderate risk; potential buyers should verify freehold/leasehold status and delivery timeline before commitment, as these significantly impact long-term investment returns.
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- Market price analysis — is it fairly priced?
- 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
- ✓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
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
21.4x 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
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 7,778/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 12,963/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →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 →You May Also Like
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