Fairview Residence For Sale
You’ll find: Layout, floor plan, facilities and details of this properties, including prices for sale & rent and most importantly our review for Fairview Residence Sungai Ara.
Table of Contents
Fairview Residence LOCATION
- 5 km to Bayan Lepas Free Industrial Zone FIZ
- 6 km to Penang International Airport
- 8 km to Penang Bridge
- 14 km to First Avenue, Komtar, Prangin Mall
- 15 km to Georgetown
- 16 km to Gurney Drive / Botanical Gardens
Who is the developer? – BSG & VST Group
Fairview Residence, is an joint venture (JV) development between BSG and VST group to develop affordable housing at Sungai Ara, Bayan Lepas, Penang.
Fairview Residence location is just next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE.
Key Features / Summary of Fairview Residence Sungai Ara
Fairview Residence Sungai Ara Facilities & Floorplan
fairview residence floor plan
Type D @ 782 sq ft
- 3 Bedrooms
- 2 Bathrooms
- 1 Balcony
Type E @ 782 Sq Ft
- 3 Bedrooms
- 2 Bathrooms
- 1 Balcony
Fairview Residence for sale
Unsure of which one to choose? Talk to Us
782 sq ftType D & E
FREE S&P Legal Fees
FREE Loan Legal Fees
FREE Loan Stamp Duty RM 1,900+
FREE Legal Fees For SPA RM 3,900
FREE Legal Fees for Loan RM 3,500
SAVE at least RM 40,000
Frequently Asked Questions (FAQs) about Fairview Residence
Fairview Residence Sungai Ara Related Questions:
As state above, Fairview Residence will be completed around December 2021 (estimated)
Fairview Residence sales packages come with free legal fee for loan and sales and purchase agreement (S&P)
Yes you can. However, if it is a new project / under-constructions / developer’s unit , developers are giving free legal fees ya.
Developers would be happy if you help them save cost
Yes you can. As long as I’m awake I will answer your call & reply your message.
Rest assured. We are here to help & provide solution. We promise no hard selling or pushing. Tell us what’s in your mind and we’ll try our best to help
Yes you can. Please contact us via 011-1098 4066 to visit and get more information!
Apologize that you can’t pick up any unit at Fairview Residence because it’s below the threshold set by government. However we do have some projects that suitable for you.
Click on any button to contact us now.
Contact Us for Fairview Residence Sungai Ara
Fairview Residence Full review
Is Fairview Residence Sungai Ara a Good Buy ?
Our Analysis / Opinion for Fairview Sg ara
Is Fairview Residence Sungai Ara Good for Own Stay Purpose?
One of the reason Sungai Ara, Relau and Bukit Jambul area is famous because of its traffic congestion, in local we say “traffic jam”. If you don’t know, you know it now.
If you have a higher budget, of course I wouldn’t recommend you to choose Fairview Residence or this particular location but if you have limited budget and want facilities then sorry to say this might be the only place you can and should consider and also because of its freehold status if you’re worried about leasehold.
Fairview Residence and other condominiums here are pretty convenient to be honest I’m staying nearby too. Finish your work and you can just hunt your food, breakfast, brunch, lunch or dinner just nearby like local markets, Golden Triangle, Golden Triangle 2, SPICE and etc. Many choices for you if you’re worried about Fairview Residence’s convenience.
Is Fairview Residence Sungai Ara Good for Investment ?
People keep saying that property market is over supply, but I would comment that this area is over-supplied. It’s pretty high density and full of condominium at this area of Sungai Ara, Relau and etc.
If you’d like to have some savings or to hedge against some inflation, you can still consider Fairview Residence but you shouldn’t be over optimistic about the capital gain within this 5 to 7 years I guess. Too many choices for your future buyer to get a unit at this particular location.
Imagine your negotiating power as a landlord or owner in the future, a lots of owners will have to compete with different prices, condominiums and etc.
How's the rental ROI for Fairview Residence Sungai Ara
ROI in terms of rental rate around Sungai Ara, Relau area would be around 2% to 3%, if you’re ok you can pick up a unit at Fairview Residence. Well, at least still higher than fixed deposit rate (FD) as at November 2021 I guess ?
If you’re purchasing Fairview Residence by loan financing, you’ll have a net cash outflow if you plan to rent it out. However, it should be safe for you as long as your rental income is able to offset your interest payment.
For example, if you’re purchasing a unit with RM 388k, your monthly instalment would be around Rm 1500 with 3% interest rate as at November 2021. Your interest charges would be around RM 970 while your principal payment would be around RM 500. In this case if you’re able to secure a rental income of around RM 1,000 you’re safe to pick up a unit here which I think wouldn’t be a major issue for you to secure a rental income of RM 1,000 but it’s gonna take some time to let your unit out if there’s owner letting at a lower rate.
Is it easy to sell Fairview Residence Sungai Ara in the foreseeable future?
Sorry to tell you that it’s not gonna be an easy job to sell your unit in the foreseeable future, at profit. Personal opinion I would say not within these 5 years as at November 2021.
My Personal preference & comment for Fairview Residence Sungai Araas an agent
Only town view and mountain view available at Fairview Residence. The rest would be just about high floor or low floor choices and also depends on available units. In short, if you have limited budget, Fairview Residence is ok. If you have a higher budget like RM 500k +/- then go for other options.
Convenient place to hunt for food while you’re back from work to Fairview Residence.
It’s really an affordable project with various facilities within the condominium. You should definitely consider Fairview Residence despite of a lot of rumous, complaint and etc like Granito landslide issues bla bla bla because to be honest this is the lowest priced affordable condominium project that I know other than the Dew at Paya Terubong.
Let’s arrange for a visit to Fairview Residence Sungai Ara
Interested with any of the project you saw here in our website ? Just click on the “Message” / “WhatsApp” button and let us know.
We’ll send you detailed info & invite you to the showroom / sales gallery / actual site.
You can also reach us at +6011-1098 4066
We’ll assist you throughout the process, if you’re happy, just pick up a unit, we have ready bankers & lawyers to assist your loan application & sales & purchase process.
However, if you think our proposal is not able to suit your criteria, do feel free to let us know please don’t say “I’ll consider and come back to you”. We know you wont come back so just let us know so we can help you with our best. Again, we promise, no hard-selling.
Voilà, congratulations, u can sign relevant documents now if everything approves / goes well. Sit back and relax to wait for your keys / vacant possession.
What if loan rejected ? No worry, fully refundable for your booking fees. We’ll let you what could be the potential reason your loan is rejected, and then we start from there to build your profile again ! (Don’t be disappointed, it happens to some of our clients sometimes)
About My Property Deals - Scott Seow
Real Estate Negotiator (REN 43700)
I’m Scott Seow, a real estate negotiator focusing on new projects, sharing of news and updates related to Penang & Malaysia’s property. I’m an detailed & transparent person, what I know will definitely be what you know. Nobody likes hidden fact when it comes to decision-making.
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