Saturday, August 24, 2013

Setia Greens Cassia Type for Sale in Sungai Ara, Penang

I bought this house 2 years+ ago from SP Setia and initially I did plan to stay for my own but who knows plan changed that I need to sell this house now. :(

For the product detail, you can visit the official page here. Below is the master plan for Setia Greens. The arrow shows where my house is.


It is basically divided 2 phases. The first phase consists of terrace and semi-detached houses. The second phase consists of semi-detached, bungalow and condominium. Landed properties here are all 3 stories.

My house is in the middle of this row! :) This picture was taken while still in construction but almost complete. Now, few houses has moved in already.


If you're interested or maybe your friends interested, please contact me through email: "champdog@gmail.com".

[Update: 27 Feb 2016]: Sorry, this property was sold long time ago and I don't have time to update this post. May bad, and you don't need to contact me anymore.

Why I bought this property?

Perhaps it is good for me to share my thought process why I decided to buy this property and you can take them as reference in your buying considerations.

Price Per Sq Feet is Cheaper
  • It is cheaper in terms of price per Sq. feet as compared to condominium in Penang. In other words, landed property is selling cheaper than non-landed property. Isn't that worth to buy landed then?
Land Title is Individual and Not Strata
  • Strata title is an apartment title which means the land is not totally owned by you as compared to individual title. This means you can't simply extend your house and do renovation. I just feel weird that having landed property with apartment title where you don't have complete control on your land.
  • There are pros and cons of it and it is totally up to the individual preference. This trend is starting from KL and brought it over to Penang. A good example of this kind of property is "Southbay" from Mah Sing group, near the second Penang bridge.
  • Another benefit of Individual title is the maintenance fee is cheaper. Maintenance fee for Strata title's properties is usually way expensive. This is a concern for long term especially when you retire or don't have a job one day. Ultimately in my opinion, you don't want the maintenance fee to be one of your biggest expenses. 
Gated and Guarded (by Fence)
  • One of the main benefits of landed property with Strata title is they usually offer gated and guarded services. However, the Setia Greens offer this service too with individual title. Isn't the best to have similar services without the need for Strata title? 
Setting Sun is Blocked by the Hill
  • Apart of north-south orientation of the house (my house is facing south by the way) where your house is not facing directly to rising and setting sun, the setting sun is also blocked by the hill in second phase at west. This is very good, you won't feel very hot during evening time. For those who have stayed in landed property before will know what I"m talking. :)
Not too Close to the Hill & Fence
  • I choose the house in the middle of the row for the reason of it is not too close to the hill and the fence. I don't randomly pick. It is also located in the middle of the whole area there. I don't like to be too close too the border, it doesn't feel right for me unless I don't have a choice.
Environment is for Residential
  • I like this place because the environment is really for residential. People usually choose landed property in Sungai Ara area is because of this factor. Unlike some other landed properties which are very near to the commercial units, I feel those property are not really for residential. But again,  you can argue the other way round and I guess this is up to personal preference again.
Multiple Routes to Setia Greens
  • If you follow my blog, one of my key criteria before I invest in a property is look at how many routes to that area (see my previous blog post here). Specifically to Setia Greens, there are 2 routes. If you look at the bigger area (i.e. Sg Ara), there are at least 3 routes. This has already met my minimum requirement (i.e. 2 routes), therefore is good to invest for me.
It is Freehold 
  • Needless to say more, it is freehold. I'm not dare to buy leasehold property although it is cheaper.
Service is Reliable
  • SP Setia is a very reliable developer and their service is not perfect but when you complain, they will take it seriously and ultimately fix the problems for you. I heard many developers services out there are pretty bad especially the after sale service. 

Well, you may think I'm biased but that was really my thought process of buying this property. If not, why I buy? lol.

The only CONCERN I had when was deciding whether to buy this property is the traffic condition. So I tried to experience it myself during morning hours and after working hours to see how bad is the condition.

To be frank, it is still acceptable to me. You just don't use the route from Relau which I find it always jam badly during peak hours (due to no traffic light and narrow road). Having said that, there is plan to widen the roads and once it is done, I believe it will be a lot better. The traffic light is already there now and it reduces the long queue problem already.


P/S: Hope that helps. If you have any questions about my property, feel free to drop me an email: champdog@gmail.com

You can also put your comments here in this blog if you have any additional comments to add - it is fine if you disagree with me.

Thursday, July 11, 2013

Cheated by Residential Property With Commercial Title?

I just remember a conversation that I had with a property sale person in few months back in a property fair and he basically tried to convince me to buy a condominium with a justification "Cheap" at prime location. 

He basically asked me to compare the prices with other developer projects with the same type of quality and location, and see if I can get any offers that cheaper than it? So I tried to answer him and the conversations goes below...


Me: Yeah, I can't find any. But why? I'm curious to know.

Him: That's why is offer. Just left few units, better hurry!

Me: (Since he didn't really answer my questions, so I tried to probe him more). Is this leasehold?

Him: No, freehold! 

Me: Strata title? (Stupid that I asked this because I get used to asking this for landed property)

Him: Yes, of course. It always a Strata title for condo/apartment. 

Me: Hmm... commercial unit??? (Now I hit it!)

(He somehow silent and pretended never hear my questions, so I asked him again with slightly more detail. lol) 

Me: Is this condo with commercial title or residential title?

Him: Commercial title but no difference. Basically both are the same!

Me: Oh okay. I will consider it (My turn to pretend! lol)


Honestly, how can it be the same? If same, why we need to differentiate them at the first place? It is a residential property that built on a commercial land. This type of property is usually called "Service Apartment / Condo". 

Do check out my very old post on different type of properties that you can find in Malaysia here.


Why I say No to Commercial Title?

  • It is not covered by housing Act. You can't sue the developer if anything goes wrong. 
  • Utilities bills are more expensive. Expensive by how much? I don't really no. Maybe if you know, you can share with me.
  • What if your neighbor makes their home become a business? I will be no privacy and I can't report them because it is legal!!!
  • Don't you feel weird, residential property on commercial land? What is this? Common sense tells me this is not right unless I really aim this for renting it out to expat. But what if it doesn't turn out to be service apartment for expat? Oh crap, I will lost my investment!

I guess this is the outcome from developers who buy that piece of land for commercial initially (e.g. building shops) but somehow they change plan later for some reasons to build residential units instead.

After that, they try to convince you and me that commercial title is same with residential title if we aware it is commercial title? lol!


Summary

I'm sharing this because I "feel" many may think that all residential properties by default is with residential title which is not case. I"m not sure if there are any real victims of buying this type of property or perhaps I think too much. Everyone knows what they're buying. :)

Hope that helps! :) Let me know especially if you think otherwise (e.g. commercial title is better) for staying or even for investment.


Didn't find what you want? Use Google Search Engine below: