ARENA – Bayan Baru
ARENA place of pride
The Arena’s overall design is inspired by the ancient Roman amphitheater. Its unique architectural style is not only spectacular but also a breathtaking visual monument to meaningful design. It is destined to be a place of pride for owners and a landmark in Penang.
The Arena is a commercial center mirroring the courageous magnificence of the ancient Roman amphitheater. It is set to be a thriving business hub and an engine for commercial growth by gathering the leading lifestyle proponents under one roof.
This lifestyle building is sure to attract the best in food and beverage, retail, financial services, entertainment, leisure, beauty and fashion to make this the most high profile and popular lifestyle center.
Arena Curve’s unique design differs from the rest as the escalators are outside the building and shops her are given equal prominence to display their offerings to potential customers thereby promoting commercial opportunities and driving business growth.
Super luxurious executive suite, The Arena, takes this development to a whole new level with its unique architectural design to create a superior home environment for the discerning.
Location : Bayan Baru, Penang
Property Type : Commercial, Residential Suite
Developer : Golden Virtue Capital Sdn. Bhd.
Contributed by Reader – Nov/2013
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@prop guy
To be honest, I don’t know what is FSLR? First Solar? Only 1 company can supply enough jobs to all residents of main land?
Fully agreed.
@PG
First Solar in Kulim High Tech. Not at BM area.
BM to Kulim only 30minutes. You can take butter worth Kulim highway or Jalan Kulim. Kulim high tech park got first solar, intel, infineon, sieterra . Bukit Minyak and prai got flextronics, molex, Sony, borch. Penang science park got ibiden. Don’t forget about the steel mills, palm oil refinery, food industries. They can pay very high nowaday, Electronics goods keep reducing price, foods and construction materials price increase. All of this is within 30minutes reach from BM.
bottomline, that place is lousy.. why waste your life staying there?
Job opportunity in mainland is quite close if not on par with island, also good foods around, slight lower living cost, more peaceful lifestyle, but infrastructures still rooms to catch up. With the higher appreciation rate in island, owning property in island has much better leverage in long run, with the option to move to mainland upon retired, exchange 1 to 1 still with some cash on hand for own use.
Hi all, is it worth purchase for this project for investment ?
@Newbuyer
You meant Arena? Worth, only if it is still on sales.
Worth or not depends on what’s your plan and risk profile. There are more than enough info from various comments here… of course with many rubbish too. Do invest some times for homeworks, own judgement and decision making. To me good location itself worth a deep consideration.
newbuyer….this is sPICE information http://dappg.org/5925/lge_20110116a/
@ryanoymr
I just re-paste your link with the article.
槟城人民公园 – sPICE国际会展中心
By admin on January 16th, 2011
槟州首席部长林冠英于2011年1月16日在光大发表声明：
槟岛市政局将偿还为数1150万令吉，为槟州人民换来一个人民公园（PPP），包括一个价值3亿令吉的sPICE会展中心、一个7英亩的公园、一个提升装修过的槟城体育竞技馆及水上中心。
槟岛市政局已经通过公开招标，批准了马来西亚第一个地层会展中心，价值3亿令吉sPICE国际会展中心，2009年的“征求建议书”公开时，共有的三家公司交上建议书，最好的建议和设计是来自SP Setia（实达集团）有限公司的子公司Tetuan Eco Meridean Sdn. Bhd。
公开招标是槟州民联政府的能干、公信及透明施政的主要支柱。公开招标考虑三件事：物有所值、最佳素质及他是否能够保持与国际竞争的水平。sPICE满足上述三个条件。sPICE也提供绿色建筑及一个7英亩的屋顶公园。
公开招标最吸引人之处是，SP Setia不只提议建造sPICE国际会展中心，也提供了一个“槟城人民公园”的新概念。人民公园包含五个重要的部分：
1.价值3亿令吉的 sPICE会展中心;
2.一个全新7英亩的公园；
3.重新修复、修理及提升槟州国际体育竞技场 (PISA);
4.重新修复、修理及提升水上中心;
5.一个新的酒店、零售商店及附加停车场。
换句话说，人民公园不只是一个价值3亿令吉的sPICE会展中心，也包括重新修复、修理及提升国际体育竞技场及水上中心，还是一个7英亩的公园。
在财务上，槟岛市政局原本需要付出5000万令吉换取3亿令吉的sPICE会展中心，任何情况下都是“番薯换大米”的交易。但是，槟岛市政局获得更好的财政条件。市政局可以从中省下2500万令吉修复、修理及提升国际体育竞技场及水上中心的费用。而SP Setia也将缴付市政局1350万令吉，购买一片土地来兴建一座四星级酒店，来辅助sPICE会展中心。
市政局要付出的不是5000万令吉，而是1150万令吉，因为市政局将从卖地中获得1350万令吉，并且在重新修复、修理及提升体育竞技场及水上中心方面节省2500万令吉，一共省下3850万令吉。这也是为什么槟岛市政局主席巴达雅那么兴奋，不只是因为人民公园的设计及建造，也是由于它的财务条件，她形容这项交易让市政局及槟城人民都受惠。
问题是，在市政局只注入1150万令吉的情况下，SP Setia如何能够赚回3亿令吉的投资？这就是对槟城未来展望的信心问题。
自从槟州民联政府列出我们要转型成为一个国际及智能都市时，槟州出现了许多商业活动。旧的方法行不通了。投资者对槟州信心来自未来的平台，州政府立志通过良好施政、廉洁领导、公私合作、基建、平衡发展、绩效制度来取得经济窝长。换句话说，政府的任务就是不做生意。
SP Setia 相信经营sPICE会展中心30年后，他们将能够从租金及相关活动中取得回酬。这是对槟州所投下的信心的一票，就是打造槟城成为投资者的首选地、游客的旅游胜地及年轻有才干人士的理想家园。
林冠英
注：sPICE全名为Sub-Terranean Penang International Convention And Exhibition。
Just imagine, you will have a people’s park with the size of 7 ac, just within walking distance of 10min. I am loving it now.
yaya….my parents can go there morning exercise …haha
Great for long term investment. At least SP Setia will be there to make things happened for the next few decades!
I think its good even as an investment within 3 years. New sPICE will be completed before Arena can, all within 3 years.
Hopefully, the government also announce the monorail plan soon. Mainland is going to get double track soon. I still feel BM is a better place to live. Young professional can consider to build up the family in BM. Better live style and lower cost. The room for the house to appreciate is higher. You can always work in Penang island.
so Arena is actually apartment lah..if you want to enjoy nice landscape please cross the busy road and bus interchange to sPICE and have a wonderful morning/evening walk together with our international neighbour at Relau…hee hee…
@TL
Everyone will have their preference, no right or wrong.
@TL
How about Raja Uda area? (beside BM) Raja Uda or Butterworth area good? Got potential?
There are always some people like to pay extra $100-200k for their property to build so-call private great landscape. It’s also personal choice.
pen…i agree u….haha~ crystal ball, did u have any recommended condominium to introduce which is price around 300k-400k for me?
nothing left to buy already, even bumi lot is already taken
major of them already sign SnP…..newbuyer,u have to wait next three year when OC obtain….hehe
No need to look far away. All the surrounding projects (Golden Triangle, D’Piazza, The One) all cheaper than that and better facilities + lanscape lah. Some still available lah and D’piazza also got subsale lah.
but the problem is…why pay the price for a condo to get a apartment ler? With that price can get proper condo with decent facilities around that 500m radius lah.
@John Chor
Take a day, pay a visit to BM. Good project like BM Permai, the house is big and nice but landscape so so. Permatang Sanctuary and BM Utama good landscape and guarded project. Also got gated and guarded project like orange villa, hill park, tropicale residency. Visit the show houses, you will redefine what is call a house? All the project is landed, cost about 400k-700k. Before go back to island remember to enjoy the seafood in tambun….
crystal ball missed it. might want to think why he say this 😉
avoid BM, you will thank me
@TL
Agreed more and more good houses in BM especially the G&G projects. But personally I’m not BM lang and none of my relatives staying there. This find me no motivation to own a house in BM. I still prefer to buy house to suit my location, not the other way round. Thanks for info anyway, maybe just not my time yet.
Someone continue to give “examples” but never do homework again. If DP 1300sf is at <$400k with 2 car parks, I will immediately dump the Arena plan, tell me if you find 1. One world? Leasehold ler. TGT? High density ler, remaining unsold units are all scrappy units. The rests of the comparable "condos" at BB are only the LMC only. And TGT's selling at ~$350psf now! Arena is only about $300-$320psf during launch. Anyway, it was all gone, sold out, why are we comparing now?
Has anyone compared head to head with the facilities among Arena, One world, TGT & DP? How do we know Arena has lost out?
Save your energy. Island ppl never consider mainalnd. They scared to cross the Bridge.
“like”
hee hee..if other “condo” at BB are only LMC then what is Arena? At least those LMC no need to smell smoke from bus interchange lah..TGT first tower sell at ~RM230psf and 2nd tower~RM280psf, and now asking for RM350psf but cannot finish selling..so you can imagine how is the subsale later lah…ya, Arena all ‘sold out’ already, we are just discussing about the future return on rental investment or subsale value here…hee hee…
@Chuah
agree u…i from mainland move in island now…hehe
@Crystal Ball
which area that u bought?which project??
crystal ball keep giving his opinion but i really curious where he staying now…maybe we can buy there to invest with “prefect” area and “dream” house…hehe
something nearby arena but not arena
he wants arena become bad because he didn’t get it. but he is so nice and concern for those who buy ..
@prop guy
i think he bought one of the project is One world, TGT & DP? or maybe dont have ….hehe~~~
i know. Awana….
the clover..
good luck
Hey guys, I can understand that the truth is hurt to you… now personal attack pula…hahaha
who personal attack you? we are discussing and guessing which area n project that u bought…everyone is curious so that u can share with us, money gather earn ma…sharing is caring….dont hard feeling and think too much, no one personal attack u now….chill~ hahaha
@PenangLang
Different people got different preference mah…some people prefer to live single in small buildup like Strait Garden, Some like private lift like Clovers, and some like landed in BM mah.. Just tell me which new project you interested and if got time we can go to that thread and do some detail analysis lor.. hee hee..or may be you like Olive Tree just next door?
A LMC priced at $320psf but fully sold out. But, a luxury condo with nice landscaping priced at $340psf now, cannot complete the sales!!!! Perhaps somebody is missing something?
Anyway, I own 1 Arena n 1 TGT, I will win both ways. I bet someone had missed out on Arena’s launch. Enough debates, cheers.
Now, he is talking, different people got different preference. You had improved & evolved, eventually. I think we can make friends now, cheers!
1-world asking for RM350psf. If the price remains at that level for Bayan Baru apartment then no fun lar, Arena might only gain 10%. Have to minus the interest somemore… 1-world at least got DIBS… hehe…
@wbk
1 world is lease hold, started from $220+psf until now $350psf. This wasn’t called “remains at that level”.
@Pen
I think you misunderstood me lar… I know their purchase price is rm220pft lar…. what i meant is the current market price is rm350pft lar… and Arena purchase price is 320psf lar… 10% gain only lar if the price “remains at THIS level”. Hehe…
@wbk
Leasehold at $350psf at BB area now, and how much will a freehold fetch?
@Pen
You can check urself also lar… d piazza fully reno and furnish asking 380pft. if take out the the 40k reno let’s just say, comes out to be about the same lar… 350pft.
Agreed, market will experience a slowdown now. But, how low will the correction go? How long will it last? If we can predict, we will be very rich by then.
DP 1100sf fully reno with 2 car parks are priced at $480k now! 1 car park less $40k, that’s > $400psf, I don’t see it stops appreciating now. Agreed, 1 world will have hard time to compete n re-sales, if your entry price is $350psf.
Minus the reno should be around there lar… I still think 1-world might be the biggest threat to Arena because its entry cost is way too low. And both 1-world I and II have many units to fill the demand if there is any…
Wait, don’t enter to One World Condo sub-sale market yet. Let the price drop, as there are super duper many units want to let go. The price will drop below RM300psf. As it is leasehold, commercial title, and high density. (only location is good)
The price will drop below RM300psf I guess. Btw, the leasehold still 77years? This condo is built by sands brick, can’t last over 50 years, so, 77 years still ok.
if still remain 77years then really difficult to buy one world house cos loan with 40years left 37 years..who going buy from me if wan sell? haha
Someone wanted to buy 1-world at 350psf now lar… and heard leasehold extended to 99years already… let the game begins…. DP vs 1-world vs Arena vs Elit… hehe…
fight wat? haha. sunway tunas will win
but no response from crystal ball on where he buy yet 😉
@prop guy
win by how much? hehe…
The rest either completed or completed soon… Arena SnP still don’t know when… hehe… I saw their request to clear the land ditolak again wor… have to try harder lar…
good mah..delay longer means no need to pay first means pay only <10% to get bigger return? whereas the 1-world kaki have to serve alerady
@prop guy
This is Ah Q mentality lar… where got people book house but prefer to wait forever one…hehe… unless you have no confidence lar… want to rugi only the booking fees is it? hehe…
you see, as long as you don’t need the house and it is interest free, you don’t mind waiting as long as the building come up one day
when it is up, you sell for much higher price due to longer wait (thus more appreciation) and 0 interest, good bo?
@prop guy
Property price sure will only go up one meh? Then when is the “good time” to complete ler? When you retire or want to migrate to oversea? I know PDC project takes many years to complete one lar.. I only heard bad comment on PDC or if project delay, first time heard people feel so happy if project get delayed one lar… hehe…
oh, snp not yet signed after more than 1 year? Break the record for Sierra Residence! some insider of Sierra Residence estimate 20% already let go, so how many % for Arena? GSD at least got TGT work in progress, this developer is totally zero record…Alamak….
I just signed S&P today… Now only left around 10 units customer havent sign it. Developer already sent letter to them within these two week must sign S&P else developer will return deposit to buyer. If don’t know the latest information then stop with no evidence rumor…are you miss out the chance to get an unit? Haha. I for sure u don’t have chance get it even those seller want let go because developer have more than 1000 waiting list… So sad to heard that… Haha
@wbk must be very sad. no news about land not approved, its a go
Wbk, can you tell me which project after three years still remain price or lower? If got then introduce for me, I will buy from you. I’m giving u a chance to sell me property now.. Haha.
none, unless bankrap
as long as no interest paid to bank 
so longer delay is good for buyer
@ArenaOwner
First time I heard got 1000 people waiting to buy apartment with Rapid Penang bus interchange at your doorstep one lor, maybe more than a year ago when nobody aware of that lar… hehe…
But hor, still have to wait for it to be stamped lar, should press developer harder lar since you all already waiting for more than a year alread… nowadays developer really wants to lock down the buyers ASAP with their 10% downpayment one lar… then take their time to stamp the SnP…
@PenangLang
Never heard wor… but hor, last two years property prices went up more than 50% for most of the condo already lar… if Arena only have 10% capital gain then no fun lar… hehe…
Of course you are still hoping for 50% gain lar… too far fetched lor…
@prop guy
Aiyo… sorry to tell you that I don’t feel anything wor… dunno about you lar… few hours ago still “joli katak” about project delayed…. now “joli katak” also when people said developer called up buyers to sign SnP liao… don’t be so flip flop lar… Hehe…
actualy, nobody say its delayed, we just follow you only, you say land not approved mah, so everyone here say delay is not a bad thing lor :). we are just telling you, delay or on time don’t matter, both also benefit, of course nothing to do with you since you don’t own one here (but still very concern for those who own)
actualy, no 10% downpayment lor, only 10K :), it is ok for them to lockdown for even 5 years, 3 years also nvm
Walau… you are really hardcore fan for Arena lar… apa macam pun ok… hehe…
and you really hardcore enemy for arena, apa macam pun tak bagus
@prop guy
+1000 “Like”. he look so free to keep comment about this project cons….haha~ if u like it then ma buy lo , if u think overprice then ma don1 buy lo……anyway, time will proof everything. hehe
ya lo, for someone, freehold/residential/near PISA/spice/garden/bus interchange/free interest/10k downpayment-wait 4 years to earn profit/etc etc etc , is NOT Important. important is that he didnt buy and so, it is a bad property. but hor, bad proprety he also interest to come in and comment and warn people because he care too much that we will get cheated by developer.
@prop guy
Must share good or bad lar…. if only talk about how good how good Arena is sounded like developer sales lor… hehe…
True also lar… it is only so important to certained quarter only lar this Arena… it is ok to die die defend your purchase or your project one lar…
But hor… really cannot tahan people one day said project delayed is good, next day said complete ASAP also good one lar… hehe…
You want to gain big profit through Arena right? I will “help” you abit lar… I always help people one lar… hehe… now Arena got high visibility already lor… good thing right?
You are welcomed lar… hehe
but you only share bad
even downpayment information is wrong
you guys are so free… or this is part of your job scope from the sales office of Arena and Fierra Vista?
wbk did seem quite free to anti-arena
@young
@old
Still can’t see is it? We are actually playing good cop and bad cop for Golden Virtue lar…. later sure good cop win one lar… hehe…
Big bonus is waiting for both of us lar…. hehe…
Any one wanna to release just PM me at richardtan88888@yahoo.com.
whats your offer? offer here can? you wann residential or commercal titles?
old….you still have how many unit? can let me know how much u offer?
@old
Actually what is the launching price for 1250sf and 1450sf. As i know got 30k to 35k discount right?
Can I join in the game not? I can always be the bad cop..heeheehee..but don’t personal attack me lah if good cop cannot win…hoo hoo hoo..
@goodjob. The launching price is irrelevant. What is important is – are you willing to pay for market price. Then we can talk.
if market price then have many choices, why not I buy D’piazza, TGT or One World, which is already completed or work in progress, rather than this risky unknown developer? no need to talk liao…
@Arena
Agreed with BlowJob. May be can pay extra from market price, impossible follow the market price right. may i know what is the launching price for 1250sf and 1450sf
Because then you need serve interest now, if you buy arena now, you can save interest and enjoy price appreciation. Depends on your purpose of buying.
Wrong! Should be paying MORE than market price now, because you pay only 10% and wait 3 years complete (no more discount for subsale now). So you should pay for 3 year-later-price since you pay 0% for 3 years to compensate the interest developer lost during construction. If you buy TGT/DP/One world – yes, pay today’s price. Any challenge to this?
@GoodJob
You should say you DISAGREE with BlowJob, because he say should be less than market price because risky, and you say “May be can pay extra from market price, impossible follow the market price right.” wake up
Sorry, what i mean is can pay extra from launching price.
@Crystal Ball
You can take over my “job” here lar if you want… Let see whether you are good at it or not lar… hehe…
bring it on
wbk…you are so free keep talk nonsense comments here…. if you think that this project is risky then go off,why u wan wasting your time here? or u wan come here share your fiera vista project how good compare this arena project? are u working with IDEAL developer ???
Got bonus sharing or free trip or not? hee hee..
@wbk
see, I am better than you lah. You mostly nonsense while I got my fact straight lah..
https://www.penangpropertytalk.com/2011/01/rm300mil-spice-centre-for-penang/
Hi all for loan application with Affinbank please call me (mala- 010-4699074)
Affin rate not good. Only BLR – 2.2. Take from public bank. BLR – 2.4
@Crystal Ball
Keep up the “good work”!!!
You may want to work with the sales on how to create a believable drama here… ALL THE BEST…. hehe
@wbk
then I will pay more focus on IDEAL projects…haha
@wbk
Once again..you are talking nonsense…
i believe he misses the boat and wanting to see if this project fails, expect to see him around for 3 years 😛
anyone has any units to release? offer price?
Suddenly so quiet… The ball finally got a unit here already?
yes, i snapped the last one. pay 40k extra from launch price
@young
As I said this is the worst among that area with the bus interchange and better pick lower risk surrounding properties if want. Not satisfy and you want to have another round of debate izit? come come…
You may be a waterfish but may not be the last one lah…like that also you believe, they can release the units one by one mah…good stuff where got people want to let go, if so good response no need hardsell here lah.. SnP sign already meh? when is it? i think not even clearing the land there lah even more than 1 year…
@Crystal Ball
If good stuff then insider of developer office will snap it first lah…good stuff will not have chance for you ti get your ‘last unit’ lah… hee hee…
@buyer
You can call the sale office by using different name, I’m sure they will have another last one.
S & P signed and land clearing will start on July.
For those wish to put some bad comments, i think we just wait and see.
I really believe the one residences(similar to BJ court) outlook will be similar to Fierra Vista. Haha.
@Crystal Ball
surrounding properties u mean Fiera vista? … old story.
@young
surrounding properties mean Golden Triangle, D’Piazza, One World and Elit Height. Fiera Vista seems a grade higher (at least from the design & planned development) but the developer with bad reputation. Yes, still old story. Fact does not change. You got better point to argue not?
among these 4 the surrounding, which one u prefer the most?
@Crystal Ball
among these 4 from the surrounding, which one u prefer the most?
@Crystal Ball
the ball missing again?
@buyer
i am interested to know your unit….
@young
All almost same lah, with Elit seems classy a bit. If really interested to buy, just ask around for best price lah among those projects lah..so many units for you to choose sure can bargain lah. Arena with so many cons and enter market last with highest launch price. so if market bad will hit worst, if market good also probably sell lower price than others since least competitive (bus interchage & facilities). There is no free lunch but this is free lesson to you lor….
can’t tell you, u want, check mudah if still any more left
@Crystal Ball
hello ball, so how much u plan to let go your elite unit?
@young
kiddo, how many units you can take? Wait another 2 years lah, going to be a few hundreds flush to subsale market. Arena not sure wait how many years lah, when to stamp the SnP also dunno…hee hee..
@Crystal Ball
how many units u have there? no wonder elite increased the density to 800units, to serve buyers like u.
@young
Hee hee, u can always choose other nearby projects if don’t like Elit. I think another few hundreds from One World, 700-800 units from Golden Triangle, and 700+ completed units of D’Piazza.. All with better facilities and fresh air without bus smoke…
@Crystal Ball
hi ball, all very high density… Which phase & size u bought at elite? how much u paid?
@young
all surrounding projects selling much cheaper than Arena during launching, range from RM230psf to RM280psf, D’Piazza even less than RM200psf. Several thousand units for you to choose & bargain. Kiddo, If you dunno how to bargain price, no more free lesson lah. go to pay for some negotiation course lah. If Arena got very good potential then I think the developer and the cronies don’t mind to keep the unsold units until completion and sell high X-years later…hee hee..
Ball. U talking balls again.
@young
hello ball, how much u paid for yours? Willing to let go @ $300psf? With this offer, you should untung >100k already with your low entry price right?
haiz~please don’t be like that crystal ball~we knew you had bought elit height, but this is a forum for us to discuss about the arena, not mainly focus on talking bads about these and every other properties, if you have done so, whats the point having forum, just having a criticize forum then.
I personally think, yes, Elit height will be having a good prospect, but i encourage SPICE to be success too as well, to make Bayan Baru is the place to work, live and play~
@hotcake
hi cake, ball is still a ball, never change. And the ball will keep rolling here to get a unit. So just play with the ball loh..
@hotcake
I agree with you. I never mean to talk bad about Arena. It is just that I saw so many boosting posts here and there and I have doubts and just throw in my thoughts. Some how some hard core fans want to debate over the pro & cons and I just provided my point of view. I only talked on fact & common sense and you can counter-check my posts. but something for sure, I am not so optimistic about bayan baru’s properties price after next 2 years…haha..
@young
kiddo is kiddo, never want to admit failure… any more new point to add for a true debate?
pls go away to elite forum. you are full of negativity
@uncle sam , @young
Here only can talk good cannot talk about negative aspects? This is not advertisement forum only but also means for discussion lah…chase away people or trying to label people as bad-mouth competitor when cannot win a debate? Is that the final strategy to invalidate facts? hahaha..
@Crystal Ball
the ball still keep pusing pusing and pusing without fact.
where is the drama that was promised? hehe…
good cop and bad cop all need to put more chili powder or curry powder to spice things up lar… hehe…
no drama. all units snapped up. talk as much as you like, you won’t get any
@uncle lim
aiyo… you tot I really desperate to get one meh? I was the previous Arena bad cop lar… I was just doing my job… hehe…
I am sure you are one of the “Ah Q” buyer that “jolly katak” no matter what one lar… delayed also happy, complete early also happy…
But a word of caution lar for no name developer that give DIBS and big discount… when economy really go down (touch wood) and BLR spikes to 10%, this kind of developer will abandon and run away one lar… hehe…
@young
Since you ask for it: The fact is simple and straight forward:
Fact 1: Arena with bus interchange next to it and less facilities & no landscape
-result: future buyers probably willing to take it only if price LOWER than surrounding properties, this hold true regardless of market condition (bad/good)
Fact 2: There going to be almost 2000 units of similar type condo flush to market in next 2 years time, before Arena complete. result: future buyers have good bargain power on price.
Fact 3: Other projects launch with lower price than Arena. Investors that do quick flip with DIBS and NO holding power/not wish to hold can still make good profit even sell with RM300psf. (u pray this not happen)
Fact4: Arena’s SnP not yet stamp and don’t know when to be stamped. So no guarantee on completion date. New developer’s sole project, risk is higher than other.
It will be good if you can prove these wrong, but probably u will try to avoid and start labeling again…
@Crystal Ball
Hi hi, I got 1 unit of Arena Residences but yet sign S&P. Just share my view:
@crystal ball
Fact 1 : Is bus interchange anything wrong to market? Do you know where is the bus interchange located?Less facilities @ Arena, can you spell out what facilities are less as compare to other project? What about landscape? I am curious to know this ?
Fact 2 : Similar type of condominium available before Arena complete? I think those buyers are more worried during that period ;and not Arena alone. I believe each buyer intend to let go their property at higher price, ie: RM 500/sqft. 2k unit available to the market in future, but where is the property located? Is it surrounding Arena? Is it you refer to Relau project?
Fact 3 : The price is lower than Arena during launching? but what is the current price for their unsold unit currently? is it comparable to Arena? I bet the buyer wont let go @ RM 300/sqft in future, ie : D’piazza market value is RM 400/sqft currently? Who want to let go at RM 300/sqft in future, please do let me know ya, thanks
Fact 4 : is GSD,Golden Triangle, Elit the new developer? I am considering Elit as the new developer as their project in the past is not convincing(for my opinion).
I believe those who invest in property is looking for capital gain. So, lets hope the property price is spike in future irregardless who build the property, right?
@Crystal Ball
do you own anything in your portfolio or you just doing your job on talking sh*t on other projects…
@young
See, I already predicted your move.. you said want me to present facts to you, ended up you cannot accept it and trying to find escape route again..hai…
@ Young
Don’t waste your young life debating with the farx, bad smell but no substance. To ignore is the best answer.
@Crystal Ball
Fact? I only smell sh*t… Well, at least can see how ball-less in your thought.
@Ok Liau
Just few simple questions out and enough to see how ball-less the ball is… worse than expected. I’m done.
Spice to go to ground in April
SP Setia to start work on the RM250 million subterranean project that has been the subject of much criticism and debate
The Penang International Sport Arena gets spruced up in readiness for the arrival of the subterranean Penang International Convention and Exhibition Centre.
WORK on the controversial subterranean PenangInternational Convention and Exhibition Centre (sPICE) project is scheduled to begin in April.
Physical work will be allowed to commence when developer SP Setia obtains vacant possession of the Penang International Sports Arena (PISA) site, where sPICE will be built, from the Penang Island Municipal Council (MPPP).
Many PISA tenants have moved out, and the remaining are in the midst of doing so.
The RM250 million sPICE project has met with objections since
Chief Minister Lim Guan Eng announced early last year that Eco Meridian Sdn Bhd, a wholly-owned subsidiary of SP Setia, had won the contract to build sPICE.
The partially underground convention and exhibition centre will have a basement car park and a rooftop green park. The contract includes the construction of a 2.8ha public park, a hotel, retail outlets and a car park as well as the refurbishment, repair and upgrading PISA and the Aquatic Centre.
The agreement was signed on Aug 19 by MPPP and Eco Meridian.
Completion is targeted for 2014.
Since the start of the year and the departure of PenEvents Sdn Bhd, Eco Merid ian has been managing PISA at MPPP’s request.
This was confirmed by SP Setia property division (north) general manager Datuk S. Rajoo, who declined to comment.
Streets has learnt that the company also now manages the central park, where many Bayan Baru and Bayan Lepas residents go for daily exercises.
“They are tidying up the place and putting in new landscaping for the comfort of the park users … we want it to be as green as possible.
“In the next one month, they will be washing the external walls of PISA to further spruce it up,” a source said.
The last time PISA received a thorough clean-up was 20 years ago.
A site visit revealed that 70 per cent of the PISA complex had been repainted. The trees had also been trimmed.
Read more: Spice to go to ground in April – Northern – New Straits Times http://www.nst.com.my/streets/northern/spice-to-go-to-ground-in-april-1.38016#ixzz1xahiUypF
Is any updated information about the when singing S&P and loan for Arena Residence??
@young
You smell sh*t because you stay in sh*t hole lah… of course you have done, been K.O. mah..so Ah Q spirit…hahaha…
stop this. or we will kick you out
stop comparing and stop. let time tell the story. those who not interested, get out of here. this battle will not end and generate no good or bad result.
The Promenade residence will join in the game too….410 per sq….leasehold
410 per sq for leasehold.
Thats a bit too much~
Great, This Promenade project will start to “attract” Arena “attackers” to it’s forum.
After 3 years When arena OC obtain.. Should be 500-550 per sq.. This promenade so nearby arena area. Beside that, currently promenade (leasehold) 430 per sq. Think after 3 years the promenade owner should sell at least 520-600 sq.
The price you all can speculate wheather 500 sqf or 1000sqf in future. But do you guys study the income trend at that point of time how many can really afford it. It just paper appreciation but with no transaction, so dont dream and dont rush in now. The developer price already too high first hand buyers sure stucked with hand burnt
@Crazy dog
Agreed, it’s all about supply and demand in market. And the market price psf of leasehold in the same location will still be lower than freehold regardless or entry price.
Spongebob is my favourite cartoon character lo
The price already >100% increase from 4-5years ago. D’Piazza only launched at RM170psf! Developer is riding the last wave before the market been striked with several thousand units soon to be completed in less than 2 years….watch out!
You are not advancing. Other places are rocketing to >RM450 psf … Gelugor, Sg Ara, Batu Uban, Batu Maung … See how much were the places 4-5 years ago, soon you will also see thousands of units coming up in those places. Why keep comparing with D’Piazza only?
Of course there will always be risk if economy or property downturn, it will affect the entirety, not restricted only to this area.
good …at leats that will get crystal ball out
@yeah
hehe, let see whether there are still many waterfish around….
I think because Arena is too close to Dpiazza, people will definitely put them side by side to weigh the pro and con lar… Last check, Arena is still the worst when come to investment and even for own stay. The bus interchange kills it… imagine the bus interchange in jetty now in front of your lobby… sure faint lar… hehe…
Good lar like that. Hehe…
But hor, you may want to set to target lower, to make sure you wont be too dissappointed in 4 years time, also provided Arena gonna be completed on time… hehe…
completed later is good, means money work harder
@yeah
Heard that many time already wor…. Ah Q… hehe…
irrelevant concern because 0 interest.
@yeah
heard many times because wbk or ball kept bringing up irrelevant concern , OVER and OVER again
Aiyo… I need to insist on my objection on Ah Q mentality “delay = good, on time also = good” ma… cannot just object once then ok later lar… hehe…
i only know one thing – this place not good for you, since you no buy haha
@yeah
I think this place is not only not good for me lor… whoever look for serene living should think again, and again and again also lar… hehe.
look at promenade price and you will know how much is arena now..at least (freehold vs leasehold)
look at the star . com
hopefully this won’t happen to arena
Please move Putra Heights LRT station elsewhere
MY family and I have been staying at Putra Heights, Subang Jaya, for the past nine years.
It is our hope that the LRT drop-off only stations currently being developed here would be stopped.
This is because it will only cause traffic congestion and a mess in the area. I have been informed that the LRT tracks are undergoing construction from Putra Heights to USJ 10, 6, Goodyear Courts 3, 4 and 5 along Persiaran Kewajipan, less than 100m from residential areas.
The station is part of the Kelana Jaya LRT line extension project expected to be completed in 2014. Besides traffic congestion, my housing area may also be full of hawkers like in KTM Subang Jaya located behind Carrefour.
Once it is full of hawkers, it can become dirty.
Therefore, if the hawkers do
not maintain cleanliness, it
will affect the image of our coun-try.
This is why dirty food stalls and drains were cited by tourists as negative aspects of Malaysian tourism, as blights on the country’s vibrant and natural beauty.
If tourists stop at Putra Heights LRT station and saw the dirty
stalls, it can tarnish the image of
the train company and our
country.
Currently, there are also Rapid
KL buses already parked less than 80m from the construction area in Putra Heights.
Once fully completed, taxi
drivers and other car users will
also park their cars and wait for their friends around the LRT
station.
That will only cause massive
jams and a huge mess daily.
MUHAMMAD NAZRIN,
Subang Jaya
@bus
I think pretty sure PISA will be one of the drop off point if Penang going to have monorail in the future…
Same thing also happens outside QBM, hawker, bus drop off point, huge car park.
What is the price of Baystar today?
Analogy: PISA as QBM and Arena as Baystar.
haha, more appropriate analogy should be BJ Court and BJ complex lah.. also with a lot of foreign workers although don’t have bus interchange..
Analogy: PISA as BJ complex and Arena as BJ Court….
Poor mentality, because you already have your mindset to be negative. You can find analogy anywhere, it is how you set your thinking and potray it to be.
@Sowhat?
Your mentality will not change reality… That is called Ah Q spirit… Higher chance to turn into BJ court rather than Baystar lah…haha..
@Crystal Ball
I don’t know what is that. But if you are so crappy negative abt this, why bother to comment so much when you don’t have any stake or interest? I read back the entire thread, you spend so much time here like a watchdog and attack people here. Really strange … there must a some story behind this, so that you feel better with your negative comments.
This is the drama we hope to see lar… hehe…
@wbk
Wbk, I would also like to analyze you. You are also one of active members without stake or interest, but spend so much time here like a watchdog also. You own Fiera Vista, according to someone in this thread. But why attack this only huh? Must be some story behind also. Do you feel better after your bad comments?
@Sowhat?
Isn’t this forum to express view on both positive and negative so that buyers can judge by themselves? Why bother about my negative comments if it doesn’t make sense? I only attacked those nonsense boosting quotes but not personal attack (unless someone trickle first)… not only this project, I also countered nonsense quotes in other projects as well…it is funny to see developers’ proxy acted as buyers, bankers, property gurus,etc…now psychologist pula…hahaha
i am serious buyer interested to buy unit in Arena Residence, please contact me if anyone is releasing their unit.
@Crystal Ball = @wbk ????
You surely must have a grudge against someone or something related to this project, else why you hate it so much? I see you spending 70% of your time here to comment.
Seriously, I don’t see anyone boasting about this project after going through the thread. Of course stakeholders will surely want to talk something nice about this project, else why buy? That also you cannot tahan?
I only see stakeholders trying to raise counters against negative comments by you and wbk, they certainly did not start boasting first.
I am seriously interested to analyze both of you for spending so much time monitoring this thread although you don’t own a stake.
who is the developer?
@Sowhat?
oh don’t you see that? I already presented my points long time ago. I am still here is because you guys cannot deny those points with facts, but trying various tactics to ‘invalid’ my statements including labeling me…and I enjoy being challenged and see how good you guys are!..haha… You are such a lousy psychologist if you really are…but i doubt that..hahaha..
@Mei
how to contact you? u think i am moderator can see your email ah?
pls don’t ask redundant question
@Crystal Ball
Why don’t you respond to BigHead’s questions above if you think you have the facts right?
@spongebob
I actually don’t bother to answer those questions since I repeated it many times already…you can read those previous posts..but I don’t mind to tell one more time since you ask again.
1. anything wrong with bus interrchange – I think the answer is very clear & I don’t need to elaborate. The location? If it is not nearby then I think the sales should already clarify it since begining lah..damage control mah..facilities & landscape: please do some homeworks yourself and compare the facilities & landscape for Elit Height, TGT, OneWorld lah..the differences are clear lah..
2. The surrounding projects refer to Elit Height, One World, TGT..
3. Read carefully and read again if you cannanot get it. I said Arena has no selling point compare to surrounding projects thus it probably always sell lower price than others, regardless of market condition. If really want, better buy other projects which still not yet sold out. but frankly I do not feel optimistic about the property price at Bayan Baru 2 years later.
4. Yes, TGT and Elit can consider new developers but the projects already kicked started, SnP stamped & construction in progress. While Arena seems to faced difficulties on project approval, not yet sign SnP after 1 year, and now need to folk out money to build the bus interchange. you can do the comparison on the risk level.
@Sowhat?
See, now you seen the reason why still got my comment in this project here, rite?…Got it? Mr Psychologist…
he doens’t know, he hantam only
facilities detials available only inside SnP, he did not buy, how he know?
i think wbk and crystal ball have some points, but due to they are not buying somewhere near bayan baru or maybe somewhere nearby too like elit height, they wish the projects as Arena as flop. They tried to magnify the issue here like bus interchange, spice, all these things to make themselves more comfortable.
To all think if they are trying to create uncomfortable issue, maybe it’s time for us to lodge complaint to the management team to let them analyze thier existance is good or bad for this blog.
I am not buyer of Arena but i think it has greater potential to become better or same standard as Elit. Jusco effect is tremendous, wbk and crystal, believe it or not, lets see~
ARENA HOLDERS –
ARENA HOLDERS – DO NOT let go your unit. don’t listen to wbk/cystal!
@Crystal Ball
Again, you are not getting your facts right. I am not interested to discuss property with you as I believe you ａｌｒｅａｄｙ have some story behind your hatred against the project. So your judgement is already wayward biased.
I am only interested ｔｏ analyze ｙｏｕｒ ｂｅｈａｖｉｏｒ． I am seriously interested to analyze both of you for spending so much time monitoring this thread ｃｌｏｓｅｌｙ although you don’t own a stake. Ｄｏｎ＇ｔ ｊｕｓｔ ｓｉｍｐｌｙ ｓｈｏｏｔ ａｒｏｕｎｄ． Ｕｎｄｅｒｓｔａｎｄ ｆｉｒｓｔ．