Economic Crisis :
Good progress on the construction, once completed, the first batch of residence moving in will be Banglasia, Nepalsia, Myanmarsia, Indonesia…why? They will work at those shoplots down there! and hostel at the top. Look at One World now, seeing the trend, even a small restaurant has many workers there and they rent a unit of condo up there for those workers. Good Luck.

not necessary if the management can implement a mechanism to prevent owner renting out to this group of residences, but i forsee flipping activities in here will be very high once its completed.

Bro :
@Hemsley
how u know bank valuation… it’s all ur assumption.
nobody know the price now…it depends…unless you are valuer
500psf may not true..same to 450psf …. but who cares…this is open mkt and depends on willing buyer.
u talk simply half, ur reasoning is without saying Pearl garden and Reflection…..?
u can buy new project, but problem if everyone can wait and think like you, u just keep ur unit forever!

Selling price mismatch with the bank value is a common issue in Malaysia property today. You still need data to proof it?

Pearl Garden and Reflection are the asking price. You won’t mark up the price when you want to sell your property?

Anyway, cash rich people still able to buy in sabsales, but you have to wish the market is full of cash rich people. And, many buyers really lack of cash until apply loan for new property also got rejected, force to cancel the booking.

tonton :

Economic Crisis :
Good progress on the construction, once completed, the first batch of residence moving in will be Banglasia, Nepalsia, Myanmarsia, Indonesia…why? They will work at those shoplots down there! and hostel at the top. Look at One World now, seeing the trend, even a small restaurant has many workers there and they rent a unit of condo up there for those workers. Good Luck.

not necessary if the management can implement a mechanism to prevent owner renting out to this group of residences, but i forsee flipping activities in here will be very high once its completed.

Management, is just a body to help you manage the routine works of building (like a gov department). The residences itself have to make the rules (JMB like parliament) and ask the management to execute. If most of the residences want to rent out to foreign workers, you are the minority. The rules must have majority votes during the AGM.

miracles will happen, infuture will become the most affordable condo in penang.

Hemsley :

tonton :

Economic Crisis :
Good progress on the construction, once completed, the first batch of residence moving in will be Banglasia, Nepalsia, Myanmarsia, Indonesia…why? They will work at those shoplots down there! and hostel at the top. Look at One World now, seeing the trend, even a small restaurant has many workers there and they rent a unit of condo up there for those workers. Good Luck.

not necessary if the management can implement a mechanism to prevent owner renting out to this group of residences, but i forsee flipping activities in here will be very high once its completed.

Management, is just a body to help you manage the routine works of building (like a gov department). The residences itself have to make the rules (JMB like parliament) and ask the management to execute. If most of the residences want to rent out to foreign workers, you are the minority. The rules must have majority votes during the AGM.

yup, they need majority votes to buy the rules. still this is the only chances they can voices out and placing the mechanism..

Out of curiosity, this rules which majority vote and requires management to execute them: How exactly such rules within a residential community can overule the owner’s freedom which bound by the rules stated in the S&P, DMC, FA, DOA and POA.

I mean, to make it simple, when a buyer bought the unit, he is bound to the ground rule of not converting the unit for illegal purposes. But if the unit used to LEGALLY rented out to these foreigners, how exactly does the management can stop this from happening?

its under mutual deed agreement if not mistaken, bound by this

@Bryant

You are right. Probably the JMB also cannot enforce the rules against the owners basic rights. So, those flippers if cannot sell, most likely cannot stop them from renting out to foreign workers.

@tonton

In DMC is stated that owners of a residential unit cannot rent out to foreigners? Even declared legally with contract? Not that I doubt your reply but I do not see any illegal act on this matter.

I really need to go through my DMC in detail.

Its stated there, but if concern bout the legality i have no clues..

@Bryant
You’re right! How to stop rent out to Banglasia residents while in human right, they are the same like you rent to Expatriate from USA, Japan, UK. They also foreigners. There is no such rule to stop certain race from living in this condos as long as the company hire them rent the house legally.

Want to see how banglasian in condos? Go to One World! While you’re enjoying your food at the One World restaurant, and serving by banglasian, they’re those residents up stairs!

3 rooms flat (Desa Indah) at Relau with 650sf rent for RM600; while OW condos rent for RM1000 with 1000sf++; can fit more banglasian! This is the trend you’re going to see in TGT! Hostels ready for those workers in the shoplots downstairs. It is not only occupy by engineers & operators from factories, but for banglasian proffesionals like BJ Apartment. They will join you during long CNY holiday in the swimming pool.

Too many condos at that area with current market price ~RM500k for a unit of ~1200sf in typically. I would predict this is the price that will keep stagnant till 2020 due to seriously over supply in 2015 after completion of so many condos projects. The price may drop slightly, but will keeping RM400 to RM500psf for those medium-end condos, in the coming ~10 years! Good Luck, and god bless!

Anyday, TGT is a good investment as can slowly let go once completed by flipping, can easily earn RM150k by letting go a unit, let say, 1150sf with purchased price RM350k, sell at RM500k in 2014.

Oasis Condos is currently facing a very tough sale in the secondary market, got the price tag, but no body buy! The bubble is start to burst or….soon.

lol… many investor keep goreng, so many water fish? or sell to foreigner?

@Economic Crisis
Buy landed houses…come to Balik Pulau

@lalazai
Can’t sell to Expatriate foreigner like Americans, Japanese, Korean, Chinese, Taiwanese, European, as they don’t want to stay together with foreigners from xxxx.

The current market, you know how hard to rent out a unit of 1000sf condos at that area? It is super duper hard and not even need to say want to select tenant or rent to expat. Sorry, even banglas tenant also hard to find. My brother’s D-Pizza condo already empty for more than 6 months while my friend’s Palm Palladium 1154sf renovated condos already waiting for new tenant for more than a year! Penang rental market is totally suck.

N-Park previously rent at RM1200 with nicely renovated & furnish, now rented out early this year with RM980 after nego, as really don’t want to leave empty (after empty ~4 months) and continue to lose money! Empty 4 month already lose RM4800….

@TC

hi, i hae buyer looking for golden traingle unit, can u contact me 017-4803569, looking for ur call, thanks you.

Any anyone wish to let go his unit, please don’t hesitate to contact me 017-4803569, Kate. Thx

@Ah Dog
House is for stay, suppose not for investment. Those kena one, they sendiri cari pasal punya. I dont feel pity to them at all.

ezalor :
@Ah Dog
House is for stay, suppose not for investment. Those kena one, they sendiri cari pasal punya. I dont feel pity to them at all.

Everyone is buying properties for own stay is also consider parts of the investment. If not for investment, buyer wont be selective for own stay, you may buying at mainland as part of your stay if you think that island prices is too expensive. You are investing in the conveniences.

Now start work at Lvl 24 — 6 July 2013

gardensvillepenang.com/discuz/forum.php?mod=viewthread&tid=17&extra=page%3D1

For Sale
– Duplex unit
– M Tower
– 2330sf
– With ~400sf private garden
– 3 Carpark
RM 1.05M
Interested, please contact Chris, 012-5958989 / amnuaychai86@gmail.com

@Chris
Are kidding? RM1M? I rather buy landed. What is so specially about Duplex unit with 1 M at that location?

Sorry, I am just a property agent

Even 1m but actually less than RM500 per sq, it’s considervreasonable@MIB

Difficult to get anything below RM500 per sqft in Penang nowadays.

This area has potential, you might not get 500 now but should be able to reach there after completion.

Progress photo updated, Lvl 25 now.

gardensvillepenang.com

Even Bayan Lepas so far, Ideal Vision Park selling from RM500/sf

Those buyers of this condo, be positive, like Yoong, and hope for 750k for an unit or, you can visit One World Condo now, with some shop lots already open, some are restaurant, and serve by ‘Expatriate professionals’ from Bangla, Nepal, Myanmar, Vietnam. Rental RM1000 for a typical 1200sf unit, 3 rooms, can accomodate 6 to 7 expatriate professionals. No need transportation for them going to work So, what will you anticipated for this TGT?

Hi Economic Crisis,

Looks like there will be lots of banglas staying there. And the residents would have to share the swimming pool with them. Don’t get me wrong, I’m no racist. But just have take care of your own hygiene, because lots of them are infected with STD.

Like this type of Commercial + Residential concept; easy to rent and open up a shops like restaurant, massage center; and then rent a residential unit as hostel for workers. Huge business opportunity there.

@condomana
With this high density of condo, no matter how, you will keep away from the swimming pool if hygiene is your concern. Even press the lift button you may use your key or object rather than use your fingers as too many people press on it and leave lots of germ.

It is hard to get new condo in Penang Island with low density, especiall in RM500k price range. Ideal density should be ~150 units in one condo community, but mostly now 500 or can up to 780 units of density; yes, the maintenance fee can be cheaper, but lots of facilities will degrade faster and needs super frequent maintenance that drain lots of money. Everyday in and out also crowded with other people, not an ideal residential for peace of mind. Go walk around high dense condo, then walk in low dense condo, can feel the different even you’re not a resident there.

Ah Dog, do you think TGT facilities will not degrade that fast? I mean after people see banglasia people using those facilities, other residents would not use them anymore. So lesser usage is lesser wear and tear…just my thought…

Want cheap, low density, good location, nice design ! Let us know if you can find one, sure will go to grab!

Ah Dog :
Like this type of Commercial + Residential concept; easy to rent and open up a shops like restaurant, massage center; and then rent a residential unit as hostel for workers. Huge business opportunity there.

U have very bad mouth here. Remember karma.

@Ah Dog
Better buy landed property on Penang Island

Huge business opportunity… That’s good for money!

I like it here.. Good for me! Near to my workplace and convenient.

@thor
Why you take my comment so negatively? Btw, it is a positive side of view with the concept. Simply ‘scold’ people with bad mouth is no good, probably you have forgotten karma.

Progress photo updated. Lvl 25

www.gardensvillepenang.com

@Ah Dog
We have monitoring “Ah Dog” for very long time. I hope is not you. Cause he always being very bad mouth person to other property treads as well. Again i am not scolding u, as a reminder for the real Ah Dog…

What was the initial selling price after discount and size?

Is TGT’s commercial lots managed by GSV or sold to independent buyers to run as they wish?

@Penang people
Are we a 3rd world citizens? We refuse to admit, me too! But when I look at us as M’sian consumers (including myself), really pitty, we’re 3rd world consumers. Why? As we easily satisfy with poor quality goods and service we receive, and can’t fight for a basic right. It is almost impossible to get a good property, you don’t buy, other will buy.

Better wait till the economic downturn and you will be able to buy platino at 500K, the light 1000 sqft at 300K, SouthBay at 500K

LoL, slowly wait lar… When the time come, also didnt sampai our turn… @The_Light_will_Drop_till_300K

I am sure some must have agree with what I said as my words strike the heart and real fears of platinos’ speculators, Pearl Regency case….still have unsold units from developers with 20% rebate and now is almost fully build….hoping for another property turn into Bayswater? The subsales market is slow and quiet now….

Platino at 500k? The light at rm300/sqft? If you can create a big financial crisis in Msia that triggers massive property sell-off by foreigners, that is a possibility. But that possibility is very unlikely….:)

If you check around, you will find out that FIZ factories have started to lay off worker in small batches since 3 months ago.

@The_Light_will_Drop_till_300K

Why spend ur life in waiting? Waiting for price drop, waiting for 300K The light, waiting and waiting. Don’t waste ur life in waiting.

300k us$

Everyone has their own opinion and view, just don’t force people to accept others view and talk bad of other opinion.
If you think over priced or low quality, just stay away.
During economic crisis, bank will not give you loan easily no matter how cheap is the property, or whether you still have business or job to buy!

Ops, I thought currently market is focusing on subsale, with reno and furnish still at the price slightly lower than new launches that going to completed in 3 to 4 years. Yes, as you can see by your own, the subsale market is doing very well and price for those subsale units available are appreciating very significantly in the pass 1 year. Look at even a leasehold condos like Lakeside Tower, 1050sf already at RM420k with reno/furnish, compare to a new launch like ‘Tree Spirulina’ or Platinum3 with RM550k++; Alpine Tower and Regency Height is now selling at RM600k for 1300sf and 1250sf respectively with reno/furnish; so, a smart new house owners, which one you will buy??

Remember, new launch is an empty original unit that you will only see after 3 – 4 years; if you think property price is crazy high, renovation and furnitures are even extremely expensive! That’s why, go monitor the property price in newspapers day by day, subsale price is shooting especially those with RM300k till RM600k range; even a sympohny park with 680sf is selling close to RM400k? Rediculous? Nope, because high demand.

I would say this year onward, the property market is moving into subsale era; while new launches, developer needs help from property agents to push sale, as price markup too high, after the DBIS baned, it will become even worst, that will further push buyers into subsale market. So, all the TGT buyers, your showtime coming soon!

@The_Light_will_Drop_till_300K
Wow, then what is the price for this TGT? RM100k for 1150sf? I don’t think you want that to happen on the Bolehland, it can happen, but that would be after a very big disaster like serious earthquake, war, fuel crisis, and etc.

What is the current subsale price for Smaller sq ft 1165. Anyone want to let go?

Very unlikely if you wish to get one. That area has started to become prime area now, road is ingong to expand, mRket under contruction, pisa under refursement, chinese primary school and internaltional colege ongoing evxpanding, you had miss the boat@funny

@Lim

Got international school? I tot the site already awarded to Chung Hua secondary school?

Try to look for One Imperial; or the upcoming Iconic Skies just near to this TGT, they are residential only project which provide better privacy and peace of mind of living. It is convenient also to walk to this TGT for convenient shops and food stalls, but, it is not always a good idea to insist want to live in this commercial + residential home.

The asking price for TGT is RM600psf onwards; why not go for Iconic Skies or any other new project; like Setia Sky Vista.

@Lim
There is no such miss the boat; after you miss the sampan, there is another cruise coming! Make sure you guys not paying the luxury cruise price for a ‘sampan’. Sampan everyone can come (open to public); while cruise only limited to those with tickets

@Lim
That area will end up with over supply of condo? In 2 to 3 years time, that area will have over 3000 units of condos consist of TGT, Sierra, Gardenville, One Imperial, TM Residence; and another year later to be completed consist of Setia Sky Vista, Iconic Skies…..and not to far from this Relau Area we have The Clovers and The Address. Really worry how the market digest and absorb such huge units available in subsale market in 1 to 3 years time later. If RM600psf, then the smallest unit of 900sf will cost RM540k, can the market ‘afford’?

Probably should say not too far also have Fierra Vista, Orchard Ville, The Platinum III, Pavillion Resort, The Qbees, the Arena, Elite Height, Southbay, Trehaus, Trends, etc.; that will add in another 5000 units of condos that definitely will sell in subsale from at least RM600psf onwards. Imagine, just Penang Island south area will have about 8000 units of Condominium (not including landed, shop lots, etc.) in 3 years time. Property agents really have challenging yet rewarding jobs ahead.

Ideal Vision Park at south region comes with over 2000 units, to be completed in 10 years, phase by phase.

I will sell ASAP before serving the loan, as long as can earn some money, it is still a good investment.

@SP
U have a unit at TGT? How much u bought that time, curiosly??

I bought during the CNY, where we all need to queue for overnight, I started queue from 5pm onwards and got one more free car park, back to back; only at RM360k for 1157sf at high floor. I will let go at RM500k ASAP once OC approaching, as I have bought another landed house and have no money to serve this loan. RM500k, reasonable price? or too low :):) haha; as long as can earn RM100k to RM150k should be enough.

@Economic Crisis
True, they are many project and many supply, BUT price keep going up. Pwc selling rm700 per sf, the loft? More than 1k….it seems never stop. Even cowboy town in jb also selling 700 per sf now despite so huge vast land bank, what to talk about tiny pimy penang island.

as long as the FTZ is doing good, it will not crash, but otherwise…

@Property Bomb
I bought during the Chinese New Year, where we all need to queue for overnight, I started queue from 5pm onwards and got one more free car park, back to back; only at RM360k for 1157sf at high floor. I will let go at RM500k ASAP once OC is approaching, as I have bought another landed house and have no money to serve this loan. RM500k, reasonable price? or too low! As long as can earn RM100k to RM150k should be enough, a good investment indeed.

@SP

Hei my friend, I too did the same. I foresee that condo price is gonna crash, but not landed property. So sell off most of my condo and go for landed. What do you guys think?

@Roti Boy

Everybody can forsee what you forsee, then who is going to buy from you? If <500K, I think still got buyer who buy for own stay.

I heard same problem from my friend invested on property 3 year back, now all having financial problem cannt serve the loan, some no money for renovation, if the interest rate increase, image what those ppl will do.

Lim :@Economic Crisis True, they are many project and many supply, BUT price keep going up. Pwc selling rm700 per sf, the loft? More than 1k….it seems never stop. Even cowboy town in jb also selling 700 per sf now despite so huge vast land bank, what to talk about tiny pimy penang island.

That is why I feel that prices will crash, but not so fast. If if it crashes, it will not be that bad to the extend “wan tan mee drops back to RM1.50”. Coz that would mean the bank can close shop. Bank loan RM500K, but property price drop to RM200K? Really have to TanKuku. Nonetheless, My personal opinon is when property prices of a condo like TGT,GV or OI hit RM1M, then everyone should becareful.

Hi Owner of The Golden Triangle, I am looking for unit to let go. If anyone wish to let go your unit pls email to nelson_tkf@icloud.com
thanks

@Hemsley

Demand is still hot for 500K condo units. Market still don’t foresee condo price is gonna crash and continue to buy. Only the existing purchaser foresee condo price gonna crash. Correct me if my thinking is wrong, tx.

@Roti Boy
Those guys keep saying condo price going to crash one…mind to share with us what is your expectation price when it crash? Let say example by today a condo selling RM500k, how much is will down?

@ezalor
They are hoping for it to be RM100 k and in mainland to be 50k. Let they continue to dream and miss the boat and be the ones renting for the rest of their lives. Too bad, so sad

property price drop or salary (income) increase? which one do you guys prefer? if we can have income increase (increase our productivity, creativity, innovative), then the property market will still stay vibrant. but unfortunately, i see property price going up, income increase a little bit, business or investment reduce (moving to Vietnam, Myanmar, China); even China cost of labor is higher than M’sia, but their working attitude and creativity is ahead of us, still a good choice for some investors.

@ezalor
There is a risk, but will not happen so drastically like happened couple of years back in US. Where many can’t afford to pay back loan and property price crashed. Our property price is still not that high to crashed drastically.

Invest and think long term….this will be the win win formula. Price will only at upward trend. Can you buy the same condo unit with current price after 10yra?? @funny

Multiply the salary above by 1.5 to 3 if you have a spouse. RM1000psf will be still reachable. Even RM2000psf still affordable. But RM3000 psf cannot make it anymore. Just my opinion!

That is certainly sure@HUAT

i bought n park 170k in 2009, after 4 years 2013 340k, after 4 years 2017 680k, after 4 years 2021 1260k…lol, and rent out 1k cover my loan 680+maintaince fee 120, every month earn 200, 2.4k per year==

@lalazai
Not that fast appreciate! Unless rental can increase to RM2k. RM170k is good by to rent out at RM1k like your case; RM340k not many will buy to collect rent as monthly installment already at RM1500 for 30 yrs tenure; N-Park, 10 years ago rental at RM1k; now 2013 still at RM1k some even rent out cheaper at RM900 or RM800 due to their house aging. Almost 15 years Penang rental market stay stagnant.

@Economic Crisis
I cannot foresee future property price. But one thing for sure I could afford a home for myself and family now so I have bought a decent home to call home sweet home.
Nowadays, a condo priced about RM500k if you buy now. After 3yrs to 5yrs lets assume a minimum appreciation of 20%. So it will priced at RM600K. For those who waits for price crashing down and then they are happy to buy the same unit at 450 to 500k, 3 to 5yrs later, well isnt it the same price as it is now? With low entry and easy ownership scheme, it is probably the same as buying now or betting prices will crash in coming years. For sure, this 500k unit (600k after 4yrs) will not drop to 150k. If that happens, penang is experiencing something really bad.

Hi,

I have few potential buyers looking for units budget from 470k – 520k

Kindly contact me if there’s any unit for sale.
Thank you!

WEM Yeoh
0124889144
WEM Properties

Looking for a unit with budget less than RM550k. Pls email me if you have any. Only serious seller need to email chuabt123@gmail.com

I have a duplex unit, anyone interested?

@Penang people
How much u wanted to let go?

hi Owner, i’m direct buyer. If u interested to let go ur unit kindly contact me, 0164226599 thanks

@Lee

Hi, Lee. I have a client wanted to sell his Duplex Unit, are you interested?

I am very interested to see the subsale market open for this TGT once completed! Will it end up with plenty of units for Lelong (sell fast fast with low price); or it will super hot.

@Ah Dog

Right! It will be the 1st indicator of the subsales market response of the property at this area. GV, OI, SR, SP owners will watch it closely. But I doubt there will be any unit for lelong. The launching price for TGT is < 280psf, which means ~300K including 2nd car park for 1000sf unit. If sell at 400K, I think still many ppl want it.

If without road expansion, without pisa refunshment, if without new market, if without petrol station, if without metropolitan park nearby or without internatinal school, certainly price whill not appreciate, but now is totally different ball game. It’s 100% sold out despite developer sold at 400sf….it’s a good buy, i think.

There are many development there…were there be too crowded? @Lim

@Tarmizi
Crowded means fortune, fortune means MONEY. That is why its get crowded. Good NEWS

For Sale
– Duplex unit
– M Tower
– 2330sf
– With 512sf private garden
– 3 Carpark
RM 1.12M
Interested, please contact Chris, 012-5958989 / amnuaychai86@gmail.com

Hi Owner, interested for a unit at golden triangle. kindly contact me if wan let go, thanks
0164480183

i am looking for a unit with 1,800sf at 7 or8th floor. any unit want to sell

@nick
Hi, Nick. Don’t have 1800sf. Either 1430sf or 2330sf duplex.
If 2330sf duplex i have.

Lee :
Hi Owner, interested for a unit at golden triangle. kindly contact me if wan let go, thanks
0164480183

Instead of blaming property speculators who buy and sell property , causing property price spike.
This idiot is the real culprit, who has no planning in advance and buy from speculator at inflated price! Why no one blame stupid subsale purchasers instead?

@June

no right or wrong for whoever is, it depends on personal preference, some ppl like to plan ahead and some prefer to wait last minute and decide… if one day the construction get stuck, you think those idiot will in return laugh at the speculators that grab discount ….

comment also no right or wrong…some like to speak first without thinking…some think first before speak…some rather stay underground …important every happy and benefit la….

The KL Property Index has fallen 17% since May… For those of you who are ignorant enough to believe property prices only ever go up let me explain to you what this means… This means that the market is selling off property stocks as they correctly believe that the development companies are going to have negative growth… which means they will struggle to sell all those over priced developments… this will translate into the property market when all those speculators who tried to make money out of thin air realise no one want to buy from them on the sub sale market… I smell a 30-40 % correction coming (lips licking)…

lets wait and see, but i thot the klcc transaction price is at record high @ 3000 sf? if goes down 30%, is actually a record high too compare with last yrs. @Economic Crisis

@sim
The KL Property Index is all the property developers listed on the KL stock exchange… Nothing to do with klcc transactions… Stick to your speculation in over priced properties…

Nowdays very difficult to get bank loan, i heard many bank loan applied has been rejected or some bank still ONHOLD loan approval waiting for budget announcement next mth. That a reason we observed those property has been book previously are open for sale now. Many youngster newly joined as bulk buyer loan has been rejected due to overcommit, therefore the smallest sq ft size available now.

@Economic Crisis

How can you compare property prices with stock index?
u very imaginative! haha…

Don’t always think about crisis, it just make u feel suffer.
Cheer up! Happy weekend!

The stock market is forward looking 6-12 mths… People buy or sell shares based on what they thing the companies earning will be in the future… So if the market is selling down property stocks they all collectively think that the developers earnings will be going down substantially.. This means that the developers will find it hard to sell current launches and most likely find it hard to finance and launch their future projects…

The investors that can move the share prices up or down are sophisticated investors and they are managed by fund managers who have analysts working for them analysis future trends…

So I would listen to them over some idiot who thinks that property prices only go up and can never go down and correct 30-40%… To bad that has never happened in any other developed country in this world…

malaysian has been worried house price high since last 10 yrs..they keep on waiting and waiting, thinking the price will go down. Even the affordable house is selling at 400k, do you still want to wait thinking the price will go down? house is compulsory not necesity. @Economic Crisis

true, house pricewill only go up. stock will up and down, but certainly not house

But somehow. .years ago, during economy slump, the prices of the houses n condos in penang did drop a lot. That’s why ppl speculated that these situations will happen again.

serena :
But somehow. .years ago, during economy slump, the prices of the houses n condos in penang did drop a lot. That’s why ppl speculated that these situations will happen again.

Pls give a real example.

@Chocolate
I can’t remember exactly in facts n figures and charts but if im not mistaken..way back to 2007 and 2008, some condos pricing dropped until slightly below the actual selling price. I have a condo at bukit jambul..desa bukit jbul..and during that time, the pricing dropped till only rm240k (after finish building) when the actual pricing that I bought from developer is rm280k..

i bought 6 houses, condo and apartment since last 20 yrs in penang, and did sold off some in various lcation, regardless of economi up and down, all these unit ar making handsome income. @serena

pls lets me know where i can buy he house which is lower than developer selling price? or maybe you are r in the dream

I think the economic crisis not really going to cause the property price go down, but for sure an ordinary disaster such as heavy rain, flood landslip, landslide that we seeing happened on wed in penang will affect penang island property, if this situation continue and no action taken more local ppl and foreigher will stop buying expensive property in penang. As we know owner of hillside property are living in fear worry landslip will happen. Hope related department will take precaution before situation get worst, those with property in hillside sg ara, bukit gambir, paya terubong, tg bungah, batu ferringhi will continue facing this problem. So dont blindly purchased hillside project or reclaim land.

People easily forget one problem. It is true property prices will always go up as long as they go up at the same rate as inflation. But the property prices in the last 5 years have gone up 20-40% above inflation every year and this is obviously not sustainable. This has happened mainly due to speculation that is a fact. If property prices were tracking inflation then they would only be going up 2-7% every year, not 20-40%

I think one thing is for certain that property prices will have to return to where they should be as a result of inflation. So that most likely means a 30-50% drop.

This can happen one of two ways.
1. Go down slowly over a long period of time like in Japan (now going down for over 20 years)
2. Go down quickly over a 1-2 year period like in many European countries, the UK, USA, Australia.

If you research all these property bubble they are all the same. You can’t escape it Greed and speculation using cheap credit sees that an end is inevitable.

@jo

I might not totally agree with some people here about bad things happening, but that is the most stupid thing I have ever heard. An economic crisis won’t affect property prices????

That like saying chopping your legs of won’t affect you walking.

If the economy has a crisis like the Asia financial crisis then property prices will drop like they did in Singapore, Hong Kong, South Korea… the all dropped 30-50%…

In fact is you google Singapore property price index you will see that it dropped 50% in 1996 and took 15 years (2011) to get back to its peak of 1996.

even the affordable house is selling 400k, how do you expect the condo price will sell less thn this? Even the big brother ah jit need to step in now to assist bumi to purchase house now@What??

when the golden triangle will complete? It next to new market thst going to complete soon

That’s the question now..Theoretical price should drop in crisis period but do u think condo will sell with apartment price? I condo price drop to 400K, then apartment should drop to 150K..Hard la..

so anyone start selling already.?

When condo price goes up everything else goes up… So when condo price goes down everything else goes down, apartment, bangalow, Semi-D… That how it works in every other country in the world.
Has Malaysia discovered a loop hole in property markets and economic fundamentals that no one else in the world knows about?

base on my friend in bank, most of people is keeping instead of selling as long term investment. this especially in penang where investor has solid money to keep the propertymin long term. that explin why property in penang selom drop. in johor is totallydifferent ball game, itis high risk there since heavily rely in dingapore people

what loop hole? pls share, in is interesting to know@Love Penang

Chris :@nick Hi, Nick. Don’t have 1800sf. Either 1430sf or 2330sf duplex.If 2330sf duplex i have.

May I know how much is the bank valuation price for duplex unit? If the price is reasonable, thinking of getting one.

i belive it shud be RM1.2m

@als
Bank still cant valuation the property yet.
But surrounding new development like Iconic Residence selling from RM470/sf and Setia Sky Villa selling around RM550-RM600/sf.

As my owner selling at RM1.12m for his duplex.

RM1.12 is actually a good buy as the size is huge and location is under fast development. My brother bought one too

The 3 storey shops are quite convenient for residence there, something like All Season Place. It’s doing quite well.

@Chris
convenient for nasi kandar? massage? internet cafe? look at D Pizza, a lot of ’empty’ shops there.

another commercial hot spot for banglasia in Relau area.

@Saifudin
RM1.12 buy this duplex?? Why don’t go for 3 storey terrace like Setia Green? There were plenty duplex units left over previously….

Big LOL! over 1 million buy this duplex? there are many landed house with this price like Shatu Residence, Setia Pearl Island, Setia Vista, etc. This triangle will become another one world, with lots of workers from the commercial shop lots down there, as hostel for them. when you drive thru, see the balcony, with a lot of ‘clothes’ and ‘bed sheet’ hanging over….a typical ‘style’ of foreign workers from southeast asia and south asia; I didn’t simply said here, go and take a look by yourself!

We respect different opinion but all opinion should be objective and supported by facts.
As the building is still under construction, how can someone said and make the following judgement?

“as hostel for them. when you drive thru, see the balcony, with a lot of ‘clothes’ and ‘bed sheet’ hanging over….a typical ‘style’ of foreign workers from southeast asia and south asia;”

@Penang people

He is referring to 1 world. Btw, I think no condo is good condo according to what he said. Near commercial become hostel, near Relau and Sg Ara also hostel. Maybe landed and semi-D also will become hostel because it is actually cheaper rental with bigger space. Out skirt area, still condo will be pointless. Only left those waterfront projects can consider good. But to own a waterfront property, you need to be water fish first.

@Economic Crisis
So your opinion are Setia Pinancle, Setia Sky Vista, Iconic also becoming Bangalasia Residence?

@Hemsley
But actually the buyer, they bought at RM300/sf. What can they expected too right. Unless they wanted to pay RM600/sf for Setia Sky Vista or RM470/sf for Iconic Residence.

Bernard :@Hemsley But actually the buyer, they bought at RM300/sf. What can they expected too right. Unless they wanted to pay RM600/sf for Setia Sky Vista or RM470/sf for Iconic Residence.

RM300psf mean cheap and low class as compared to RM470psf or RM600psf?
But, you must analyse few factors:-
(1) RM300psf for GT is approximtely 2 years ago. What is the subsale for current market? Are you able to get RM400psf now? You can see Idaman Idris now, what is the selling price now?
(2) You must view it from investment perspective, I can get a good rental yield if I able to get low RMpsf (lower cost of investment) as compared to high RMpsf.
(3) We must analyse how much I can get in term of return (%) from the cost of investment. Not solely view on the how much you pay for it.
(4) Who is your target market for this investment. You can sell it at least RM400psf to majority market.

right now, very easy to sell with RM459 per sf

Said :
right now, very easy to sell with RM459 per sf

Got any transaction?

any units available to sell?

@luo
I have, Duplex unit

Am looking for 1500sq with RM550K budget.

1500sf and 550K budget, should look for Mr BB Tan.

@Chocolate
BB Tan?

Ban Ban Tan

Dun understand

@Chris

Dun understand

I have a I tower type A unit with 1260sqrt looking to let go, with extra carpark (not back to back). Anyone interested pls drop me mail wei.yew.kuan@gmail.com. Thx!

how much you wish to sell?@David K

628k

628k? Serious?? Reflection already can move in also around this number wor….

@luo
Chocolate mean, if you are looking for 1500sf and 550K budget
RM360/sf
Then u Ban Ban Tan (Slowly wait)

@luo
No need wait. Buy golden triangle surrounding existing LC flat. Each unit 500sf. Buy 3 units, hack and combine become 1 unit. U got yr 1500sf and for sure u still have extra budget to do yr renovation

3 units LC flat + hacking + ting ting tong tong fee..i think almost 550K la boss. Can renovate living room only…:)

For sale:

RM605,000
If interested, please provide me your contact and email in order to contact you.

Thanks.

i belive the selling pr@David K
ice supose be RM400k

Ha ha……David K may need to wait for months or years to self off his unit. But Luck may be wait until die, also not able to get a unit here.

am looking for 1200s feet unit. anyone got?

I am interested for 1500sf with budget RM550K. Only serious seller need to response

@luo
No more unit available but you can wait until completion

Golden Triangle located at very strategic location and its has become prime attraction now. Th egrowth is unlimited

Mike :Golden Triangle located at very strategic location and its has become prime attraction now. Th egrowth is unlimited

Just don’t like that commercial units built under the residential area, anywhere it a good area. Completed many levels.

For commercial units, it should be very good in term of location.

Yes, FULLY AGREED.

For commercial, it is a very very very good location for the “Expats” (from Bangladesh, Indon, Vietnam, Nepal) to hang around.

Just like Bkt Jambul Complex.

Visitors (from outside Penang) will flock (find all the way) to Gurney, Tg Tokong, Queenbay, and maybe later Southbay.

Who on earth will take the effort to come to Relau to visit Golden Triangle?

Hahaha, i like it.

max :
Yes, FULLY AGREED.
For commercial, it is a very very very good location for the “Expats” (from Bangladesh, Indon, Vietnam, Nepal) to hang around.
Just like Bkt Jambul Complex.

Mike :
Golden Triangle located at very strategic location and its has become prime attraction now. Th egrowth is unlimited

Not beside sea, not on mountain surrounded by low cost, I wonder what so strategic about this location… Maybe in your dream is good location ROFL…

Strategic location for Bangalasia.

WW :

Mike :
Golden Triangle located at very strategic location and its has become prime attraction now. Th egrowth is unlimited

Not beside sea, not on mountain surrounded by low cost, I wonder what so strategic about this location… Maybe in your dream is good location ROFL…

lets wait and see…who will like. what is the fact now the price has gone up, chinese secondary and primay school plan to built, market ongoing to build, road under expansion, surroundnf condo coming up…

agreed with Mike. Whereelse not no bangla in malasia?

Satu malaysia satu bangla

Golden triangle is located at prime area now T Sg Ara area next to jnnction. It 100% sold out..dun think this will detoriate

Anyone wish to sell the unit? pls email me if you have any unit to sell. I wish to buy 1200 size unit

sori, sold out. U r probably at 101 queue@p’ng

Yes, we see all these expats everywhere. But not in such a big crowd like in Bkt Jambul Complex and Relau 88. Do you feel comfortable when walking alone after 11pm in these areas?

BTW, Gurney Plaza and Precinct 10 – no such expats.

Dipiazza and Pan Palace also very near to school. Both of them cannot even attract enough local crowd.

For GT, the retail shop owner should form the Management Committee asap in order to ensure position of GT.
For instance, it will be good that if GT can be developed like All Season.
Most of the population will be divert from Central or North to South based on the development recently.
The problem is how to postion GT.

agreed and there is a good growth for golden triangle @Lyn

What is the market price fir smaller Sqft 11xx, any unit to let go.

@buyer
Anyone interested pls call zero_one_seven_four_seven_nine_nine_eight_six_one.

i am also interested to look one unit. anyone got any unit to let go?

Sori, no unit for sales. U r just too late

@KI Any impact from recent control my government?

i thnk is short term impact…the GST will cause the house price up by at least 10 %

@peng

Response :
@buyer
Anyone interested pls call zero_one_seven_four_seven_nine_nine_eight_six_one.

I have I tower 1165 sqft with 2 CP high floor for sale. Asking RM535000. If interested, call me at 012-4289402. Thanks.

am looking for 1350sf uit. anyone with this type of unit wish to sell?

@kee
What is the going rate? Prices offered for the 1350sf.unit?

@Investor
it shud be rm600k or less

Hi, I’ve one but 1165sqft, tower M corner unit with 2 car parks. Are you interested?