I bought two units at Shineville park. I very unhappy why developer lie us.I went to office at 20 April. They explain ，then i tell them I dunwant listen and make crazy.（ha ha I am not a crazy man)when next day morning the sale person call me，he dunno company already want change to glass,they company mistake to fix the grill now they company want change to glass sure.I think all owner must go to office and confirm is glass balcony,let them know we care about it.

I am an existing SC customer thinking to refinance my house.
Previously when i purchased this house, it was around RM300,000 not including almost 10K of extra charges like legal fees. I bought the house a few years ago, not out of the 5 year lock in period yet, with interest rate of BLR +1%, which is very very high, so I am thinking to refinance.

Any other banks to recommend for refinancing loan?
Is it a good idea in the first place to refinance?

So far Cimb is offering BLR-2.2% and Public Bank BLR-2.0%.. ya, for me, refinancing is better choice. BTW, your BLR +1% is really high now..

you can either wait till you pass the 5 year lock in period, or choose a bank with a very low interest rate to subsidize your loss. So far, the lowest and best I know is citibank with BLR -2.5%. They also have a cashback promotion of up to RM10k, so from there you can probably get a few thousand to cover you exit penalty charges.

BoredMiaw :
you can either wait till you pass the 5 year lock in period, or choose a bank with a very low interest rate to subsidize your loss. So far, the lowest and best I know is citibank with BLR -2.5%. They also have a cashback promotion of up to RM10k, so from there you can probably get a few thousand to cover you exit penalty charges.

I agree with you. Currently I’m having the same problem too… Need to refinance but there’s lock in period…If I manage to get the RM 10K discount, the penalty exit and legal fees should be enough to be subsidized. However, Citibank is picky and selective on the location for their loan right?

Actually I got some feedback from my friends, they got their loan even in different location.. So i think it is worth a try… the other day I asked if I am approved at the bank and it only took merely 10 mins after I met with the consultant. they said im eligible.. quite impressed.
But if you are lazy to drive, like me most of the time, haha, you can always use the online application from citibank.
https://www.citibank.com.my/english/promo/hl-10min-approval/index.html?icid=BN_HL_HM_10MinApproval_250313

Anyone got he latest site picture?

@Xiu Ying

Hi M/S Xiu Ying – pls contact me if your Shinville Park unit still up for sale @ 0124123514.

EVEN AS OF TODAY, THE MATERIAL FOR THE BALCONY BARRIER IS NOT
KNOWN TO THEM YET. THEY HAVEN’T AND CAN’T PROVIDE A DEFINITE
ANSWER !!!!. YOUR GUESS IS AS GOOD AS MINE.

Buyer :
EVEN AS OF TODAY, THE MATERIAL FOR THE BALCONY BARRIER IS NOT
KNOWN TO THEM YET. THEY HAVEN’T AND CAN’T PROVIDE A DEFINITE
ANSWER !!!!. YOUR GUESS IS AS GOOD AS MINE.

I am referring to the answer given by the office staff.

now the construction progress until which floor?

level 33 if not mistaken

is level 34 now

Will not be buying any future property by OHM. Bought Sandilands with
4 lifts serving 4 units every floor.

@Buyer

You’re Kidding right?
It’s 16 units with 8 lifts per floor. And with Total of 403 units.
No need to condemned others for getting a sale, right?
Can They Challenge OHM for selling @ RM 270 per sqft..?
If can, no need worried about the sales d….. Sure Hot kuih…….
Social Charity. Yeah, I’m kidding……..

Should tell the developer to upload some current construction stage photo with 34th floor’s View. Excited and wondering how’s the view was …… The swimming pool too……

@Sand

Wrongly stated, its 4 lifts serving 8 units every floor. I am condemning
them for not providing glass barrier for the balcony.

@Buyer

Hi Friend, Get A LIFE! Have a ‘+’ LIFE!!!!!

haha buyer, u go get another developer in penang sell u 2xx sq ft,

wan buy kuih somemore wan big piece, r u nuts??

hahaha u tak suka u sell me ur unit la, i will buy from u (ur costing + RM20k profit) for u la

since u so mai yuan(regret in chinese)

@totolim

I am saying that I am not going to buy future property by OHM. This is
my choice, I am not asking others. I can counter offer you RM 30K for
your unit.

the project havent finish u already condemn ppl’s project

u r crazy

wah you guys buying condo like buying vegetables..bidding online some more.. penang got no other properties already ar????

@Richard
Hi Richard.
Sorry for the late reply. My unit is reserved by a guy already. Deposit is paid to me last week and i will contact you if cannot deal. I think you can get corner unit like mine if you dont mind to top up abit.. Because the buyer took mine @ 705k instead of 1600SF@670k(1xth floor) which is facing tortoise pond(kek lok si). Now very hard to do the transactions as the buyer also aware of this since its not fully completed, alot of black and white paper need to be done within this few days.. Happy friday everyone..

hahaa this crazy Buyer duno whether is genuine buyer or not, come shineville hard sell sandiland,

confirm salesman from sandiland, until today sandiland still available but shineville fully sold out lah.

slow slow go hard sell la

Are you from OHM ? Crazily defending and saying I am not a genuine
buyer ?

buyer ah, u r so funny, awhile say u r a buyer, awhile say u sandiland,

u salesman from sandiland izzzit? me is buyer from shineville, not from OHN

I bought units in Shineville and Sandilands.

Hi everyone,
Want to check with you guys, how much is the current price in the market?
Someone offer me lv18 corner unit for RM730k. Is this price reasonable?

@Mandy
Now Deal as 730K is (@440/sf), Recently new project in town area almost >500/sf, after O.C. will easily deal as RM 500/sf.

I’ll let go @ RM 750k. High Floor Facing Kek Lok Si..

@Investor
Thanks Mr. OMG new launch condo is over 500psf?
So expensive.. I had discussed with my bf over this and he is ok.
May I know which bank offer the most good int rate? Im planning to borrow at least RM350k.

@Xiu Ying
1600sf unit not only facing the town?? As i know all the units facing kek lok si are Type A 1650sf only.
is your unit facing town/kek lok si sold out RM705k?

@Wilson
Wilson, she mentioned is the buyer insist to get her unit instead of the unit facing kek lok si.
Correct me if im wrong..
Anyone of you got good discount/rate of loan 350K+?

mine is -2.4%, no lock in period.

Hello.. can someone share the current progress picture? i would like to see.

Got 1 latest photo on top shared by some reader.
Taking from the Traffic light at Sin Kang school. Using iPad.

Anyone can confirm whether the wall is built using bricks or precast?
I have friends saying that SP is using a different ytype of wall and cannot be hacked if we need to do renovation. Not sure how true is that.

How to post photo at this page??

@Yamaguchi
The photo just email to admin@penangpropertytalk.com

Now Shineville park balcony are using glass.

@How
Thanks.

@Yamaguchi

It looks like iron grille not glass for the balcony.

Now they just install iron grille frame, later put up with the glass. Same as Shineville Villas.

@Yamaguchi

This horizontal grilles are encased in the main frame. Really have doubt
glass panels will be installed later.

This project moving fast. Glad to see – TheanTeik is been widen again but sull bottleneck at certain strech.

SHinEVilleVillas-91 on track. Good Luck to all the purchaser. Target Nov 2013 – READY.

SHinEVillePark-299 still in progress.

SHinEVilleApartment-234 in progress too. Good Response!!

Shine Ville Apartment. Any units left?

Hi I’m a real estate agency

I have a client wants to sell of her units in Shineville Park
2 units available, both facing Kek Lok Si
Looking for 650k and 680k respectively

Call me Brandon @ 016-4323193 for more info

@Brandon Yip

This projects overtake fourseason in term of speed. Now many ppl have to stuggle to look for buyers already, 650k anyone?

@Crime

What is there to struggle ? At least 8 months to go before completion.
By that time the price will not be the same.

One thing I am absolutely sure is YOU personally don’t even have a single
unit of property anywhere for sale.

@shineville project 91/299/234
hey, for shineville park will it possible to complete in this year 2013?

2013 – Year End completion. S-Villa Yes. They plan to work the OC together with S-Park.

seems like the grill is different compared to previous. Anyone can make sure??

Ya, Now they change back to glass balcony.

Latest news!! Shineville Park is sold 750k (high floor, facing town), news from my house agent friend. This price is before O.C.
I’m wondering after O.C., how much the price can be hit until.

after O.C at least can up RM100k, RM850k should be reasonable. The price already reaching 500psf for new project, for completed project should be RM550psf reasonable.

@MM Loh
which type your sold? 1650sf or 1600sf? corner unit??

No quarrel. By the time work completed.
Every unit owners are coming up with millionaire title.
Open Heart lo!!!!

http://www.mudah.my/Shineville+Park+Condo+at+Farlim-21912661.htm
Shineville owner will be happy to see this…haha

http://www.mudah.my/vi/21910326.htm?ca=3_s I think this
page more Happy to see!!! Check this out!!

@Wilson
I’m not sold my unit yet, is other onwner sold it.
I ask from my friend D, is 1650sf unit.
He siad the buyer more prefer this type of unit.

Oh I see…

Hi all! I have an unit at 21st floor for sale at RM 680,000.00.
Contact me if interested 016 417 1133

@SY Liew
may i know that ur unit is facing Town or Kek Lok si, hv 1 c/park or 2 c/park ?
1650sf or 1600sf ?

why selling at 680k only?? after O.C atleast 750k+

Today get letter, the developer has claimed the $ for { (2g) Drains Serving The Said Building }(next 5% of the house price)

seem like shineville is on schedule, can move in before chinese new year!!

Wonder will they build a traffic light at the entrance of the junction??

@Wilson

Sure, traffic light will be installed. Their knowledge is only traffic light for
junctions. Already proven without reasonable doubt.

Reader post up the new photo, at Thean Teik road is upgradeing. Looks Good!!

After the widen roads have completed. Another booster factor add value to the condo.
Hope our dreams come true.

Now already 40th floor…

are you sure CK..? Thats fast?!!

Today get letter, the developer has claimed the $ for { (2h) Road Serving The Said Building }(next 5% of the house price)

just sold my unit @ 680k facing kek lok si 15th floor

KongWahPoh advertised 850K. is it too expensive and hard for sale ?

Congratulation for sale @ 680K. Tonite Kong Wah Poh advertised for
sale @ 850K. Is it easy to sell ?

@Owner
hmm.. dont know what should i comment..
680k and you feel proud.. i would only sell 750k>
with 680k price you cant even get 1300SF condo with so many facilities.
i know facing kek lok si is cheaper 30k. but if you do math, 750k-30k = 720k..
but you selling 680k.. i feel sad for you honestly.. the buyer must be happy one..

Congratulation to The Buyer get good Deal as 680K, Welcome U as a Shineville park owner

Have agent call me and offer me a price as 730K…
(my unit at 20th floor, face town view, 1600sf), I m inconsider whether sale now or after O.C.

Total I’ve paid 10% + 10% + 15% + 10% + 10% + 5% + 5% = 65% already , 2 more claim to go!!!

lol, me not planning to make subsale lah, with the first selling price, in the future how to get this price for 1650 sq ft? better keep

hi hi

i oledi bought a unit at shineville and wish to release my current unit at Sri Krystal any one interesting…..

Just went to pay for the 5% road serving -Told by OHM’s staff.
Confirmed the unit at L15 sold at 680K.
Now many r reluctant to sell cause price will go up high after OC.

@owner
Hi Owner,
Can i asking you, What you need to pay directly to OHM?
Is not by bank loan? Is it i also need pay by myself directly to OHM?

Ko,
Is because i at high floor & my loan amount is small.
Not reach the loan limit , have to pay direct to OHM.

Informed by OHM staff, L40 has been completed n now going for roof top d… That is damn fast!

@owner

Owner, you are abit slow.. haha.. i went to their office last 2 weeks ago @ Jalan perak opposite shell petrol station there, i was been informed that got buyers looking for low density units(below level 18) and (below level 14). budget wise, these 2 buyers offering between rm710k to 735k. not sure if they found seller already or not, else you guys who wish to let go now can go to the office and ask for the buyer contact numbers. rm710k offer is much better than the seller who did for rm680k. thats really a big lost and silly decision i would say hehe..

@20th fl

if you dont need money urgently, i would suggest you wait after OC only sell, anytime more than rm750k. before i bought this unit, i survey many condo/apartment in penang area.
even my good buddies as house agent also ask me grab at least one unit of shineville, they said this project is very worth to be invested or for own stay. i trusted them and also my decision thats why i go for it.

Insance, since you r so confidence.
I trust you, hold it & wait for target 850K then let go.

@Insance

ok i also hold it & wait for target 850K, TQ

all season 8xxsf is now asking 6xxk, how do u all thinking?

No one will buy 8xxsf. for 6xxk at this moment. Have to be realistic with
the pricing in relation to the built-up and the market value it commands.

Dont think i wanna let go lar, after let go where u can find such project anymore?

even 6xxk before O.C. is dirty cheap, after O.C sure 7xxk, after 2 years(avoid 15% rpgt) sure can reach 8xxk also RM484 per sq ft only.

ask u , where can u get RM484 per sq ft new projects for TODAY?

Believe :No one will buy 8xxsf. for 6xxk at this moment. Have to be realistic withthe pricing in relation to the built-up and the market value it commands.

Mostly all the 872sqft units sold out in PWC which was sold at about 6xxK.

@Bryant

To you All Seasons is more convenient but not for me and I believe quite
a number of people will agree with me. Shops and/or hypermarket below
condo building is a “BIG NO” for me.

Convenience doesn’t has to be located right below the building. It can be
across the road or fifteen blocks away.

@Believe
For old folks, it means everything to them when convenience is just right below or outside their house.
For me, It does not matter as long as mobility is not an issue.

About this project, i can’t find anything good about here except is big. I don’t want to mentioned how bad is this property as it might hurt some peoples here. But those who said can sell 800k la, 900k la then i wish u good luck!

There you go… why are you guys fighting each other on irrelevant thing… there’s more important thing to do isn’t it?

Buy little thing make so much noise…. My apologies to the 90% of buyer who is going to make this place their home soon. There’s still the 10% who have never enjoyed a decent place before… making this tread so darn low class and noisy… Better pray you have good neighbors… Else sure headaches living next door with this low life….

Everyone, do not get me wrong. All project has its pros and cons! My personal view is I mind if the land before was a grave. Despite the fact that developer has performed all the necessary actions, rituals whatever, then again, no offense, I just do not feel comfortable. I am pretty sure many out there are just exactly like me. So moving forward in many years to come, this site will be forgotten as a grave area.

@Everywhere
Dude, this is a forum…

wen is the expected completion date?

i also wish to know….any one got idea???

Shineville park is for my own stay. I like it, So……no comment.

I must admit, for own stay, initial selling price is definitely worth it.. Spacious with some units having good view of city and kek lok si.. Its really a good price!
These buyers don’t mind at all! Maybe, i dont know, just maybe, its a give and take for price and location.

In the subsale situation for flippers, I think it will be tough to pull it off. To close a transaction with a buyer at 750k? The buyer has to be able to accept the land’s previous usage, traffic conditions and the agent has to be very good in his persuasive skills!

For seller, just hold till 850k. For buyer, 850k if u think too high then don buy. Win win situation. If i own this unit, i will want to sell 1 mil lolz.

850k market will be very small. 850k I can get central park with large size as well and better location. 1mil I can get landed 1Red. Don’t be greedy. Shud be happy if can get buyer. I am not saying it cant hit 850k but when other condos selling 2 mil at that time it maybe.

I don’t think now you can get a unit for 850k in Central Park. I bought a
unit in Sandiland for 760k and will be completed in 4 years time. It’s only
1338 sq. ft. It will be 800k or more for higher floor.

Grace Residence is close to 900k.

Alibaba, my friend 9 months ago bought Central Park at 960K.
Now market selling is over 1.05M n above.
The Turf near turf club now offer 900 p/ft with 1350 sq ft worth over 1.25M.
Do u think the price will going up 1100 p/ft after completion ?

You Know What, shineville park is unique!

@Level 31
Central Park can command such price because they have the ability. Don’t think other property markup 50% so your Shineville can markup 50%.

Hearsay :
@Level 31
Central Park can command such price because they have the ability. Don’t think other property markup 50% so your Shineville can markup 50%.

Agree..

Why you ppl so worry about owners property.
Anyway, Even tough the price not hit 850k, Now alll Shineville Park owners already profitable.
Am i right.

These “Hearsay” & “To” could be the same person.It seems that he’s
trying to promote All Season. 6 months ago there are still units available
for the Autumn Tower. 1235 sq. ft. selling at Rm 591,900 and a rebate of
5%. Booking Fee is 5k.

Buyer :
These “Hearsay” & “To” could be the same person.It seems that he’s
trying to promote All Season. 6 months ago there are still units available
for the Autumn Tower. 1235 sq. ft. selling at Rm 591,900 and a rebate of
5%. Booking Fee is 5k.

I believe they are the same..

These “Buyer” & “Purchaser” could be the same person.

Feeling the “Heat” as the sale of All Seasons Park is not looking good
nor commendable. By the way, I have been in this forum way back using
the same ID.

@Buyer
I dont really care abt all season park doing great or not. U can go comment on their thread as u like as I dont own of it. To command high resale value always on 1st location, 2nd developer status, 3rd quality build. Guess 1st rules already broken and remaining 2 I am sure u r big enough to think.

@Hearsay

Tell it to your kid if you have any.

Hi i am agent. Currently i have 2 customers looking for unit below 20floors.
Anyone of you if wish to let go below rm760k do let me know.
My customer only prefer city view. Please email to siewming168@hotmail.com.
Only serious seller, please email me your unit no, price and details. Email asking for nonsense will not be entertained. Tq

I still prefer All season park compare to shineville park due to location matter.

Location is the most important for your project or property to have a good subsale after that.

Kenny, what is your supportive arguments and facts that “have a good subsale after that”

when the developer actually suffers selling during “Primary Market” during this time even it is near to O.C. compare to SVP?

for your info, all season place has been opening for sale for more than 4 years plus, 808 units havent sold out, SVP sold out within 1 week/ 7 days for 299 units.

Hi kenny,

I am just curious. Why do you think All season’s location is better than SVP?

Hi 20th fl,

How many out of the 808 units have been sold at All Seasons? And in your opinion, why do you think All Seasons can’t be sold out after 4 years?

Primary Market for SVP is cheaper then ASP? That is why sold out for such big units?
Was it like ~RM300psf to RM350psf for SVP? During that same time, ASP already selling around RM350 to RM400psf.

1) International and local food outlets include PappaRich, James Foo & Family Western Food, Sushi King,
All this shop like Subway, Tang Bo Fu Dessert, I-Cup, Shihlin Taiwan Street Snacks, Fruuze Frozen Yogurt, Taiwan Famous Food,
Easyway Food and Beverages, Fa Guo Shan Dessert, Roti Bakar, Each-A-Cup,Ice Happy Food and Aik Soon Tang Herbal Jelly all is coming in soon for operation.

2) You can have just a walking distance for shopping and eating even Giant will be the most convinient for buying things.

For SVP is located at the edge and close to the traffic light which is always congested during morning and after working time.

As for subsale market, base on our currently property trend for young ppl and which mean who is fresh graduated and keen looking for their first house, for sure they will looking for ASP instead of SVP. ASP still have the potential to increase further after completion of all condo. And is more to grow for subsale market after especially for those youngster who keen to stay in that area as the condo still in affordable price.

For SVP no doubt to say is a good investment at the primary market during the launching time by OHM. However the location is a big question to consider before buying this property. If you have a 800k for now…for sure will looking for better location.

For those who are treat location as their first consideration for sure will not buying SVP. 800k we can get at strategic location which is very convenient for eating and shopping at a very prime location at Gurney Park Condo with highfloor and seaview althought it is only 950sqf. But location is the main key things to be considering for a property.

For those go for big unit still can considering SVP since it it much more cheaper than any other area around penang.

youknowwhat, you should noe the value of the market trend,

ppl buy SVP becoz it is worth of value and $$,

ppl dont buy four season why?
-small size
-downstairs got many commercial lot, very bising and crowded
-super high density
-no nice view
-in and out flow for the traffic in four season, the car park ramp is not going to cater 808 units when someday it is fully occupied
-location is further away than SVP
-not worth of $$ (most important)
-808 units, imagine if you were to buy for investment, after O.C. 400 units for sale, initial price 450 per sq ft(now), if they are going for 600 in the future, which means 720k in the future. who on earth would wanna fork out 720k for 1200 sq ft apartment and the furthermore the supply is estimated to be 400. Opportunity Cost.

this is the reason why i chose SVP

not agree!
Lets see in future!

20th fl,
Good answer..you list out all the cons on ASP. There are always two sides of a story.

I know SVP is sold out. But surely some dont get to buy, some dont want to buy.
So why in your opinion this people dont want to buy SVP?

Hi Guys,

Base on our current condo market, that is the signal of over supply. And situation is getting more clear in future. For own stay is ok. Currently buyer have more and more choice to be chosen. Location…environment…Potential development of surrounding..Covenient..Developer status..and so on. Different people different view. Depend on what you looking for actually. If you are looking for location, ASP and SVP is definitely not the right choice.

ppl Buy four season why?
-small,mid to big size which enables different category of preference.
-downstairs got many commercial lot, very convenient, restaurants,gym,pharmacy,cafes…
-Density still acceptable (Super high density >3000units, e.g: D’Summit Residences in Kempas probably need super many thoughts before commit)
-Kek Lok Si view is available too
-in and out flow for the traffic in four season – Manageble with different timing. Not all residence out to work the same time. Shall that happen, SVP will jam too.
-location near to SVP, outside main road all jam. Take it or leave it.
-worth for money if purchase in the early stage during soft launch.
-Imagine if you buy for investment, there are many units at smaller size, 887 sqft, 1091sqft,1235sqft, 1300sqft. @ min of 500psf, its about 443K, 545K, 617K and 650K respectively. Target market for fresh income earners are easier to find for subsale at this figure. May not earn much, so up min to RM550psf, still affordable. Do not forget, younger gen market is now limited to 35yrs loan. Cannot stretch loan tenure means lower loan limit.

I am a lucky buyer of svp. I am very glad I bought. The fact that it is fully sold out, inclusive of 30% bumi quota speaks for the demand. No point arguing ! Have confidence in svp. For its convenience, thanks to the shopping and eating place of ASP which is within walking distance. Also , for its spaciousness 1600 sq ft. Also, for being the nearest to batu lancang junction, with additional new lane some more. what else can we ask for? Every buyer should be happy and contented! Do not be easily swayed by others. They can say what they want!!

Hi To,

Agree to you. Now youngster especially for those fresh graduated is really hard to own property in penang.

ASP is more affordable for youngster compare to SVP.

just received another flyers from ASP, condominium preview and promotion again?

after giving out so many rebates, ASP still failed to sold out, we all know Penangites are not ready to sit on a commercial building yet.

regardless traffic, SVP is on the head and ASP is on the tail, tell me, head or tail will jam?
if SVP jam, ASP stuck

simple as that. these people confom salesman from ASP, they talk like how they are trained to promote their project and shoot cons to their customer when ppl compare with SVP.

nice job salesmen

@MK,

Good Point!! Why that is no ASP in this forum?? Nothing to discuss or no body interest? Can anyone please share? Looks like more ppl interest on SVP compare to ASP.

i duno but for 4-5 years d, i still receiving ASP paper from my doorstep

i wish to tell them “i already buy SVP, dont send me ASP, but i will support u by going to ASP.”

@ Kenny,
Agree..

SVP on the head, use glane to reach bayan lepas.
ASP on the tail? Where is the head or tail?? Tail should be farlim traffic light? okok, Then use long boi suar to reach bayan lepas.
Either way, both will be jam…hahahaha…thats the best part despite all the opinions.
Penang where no jam at peak hour wor??
Use motorbike, dont care head or tail, dont care ASP or SVP, very fast reach your destination.
So traffic jam problem solve….

@Ruby
If ur customer can offer me up to 800K, I will consider sell it, my unit (1600sf), Face Town View at 20th floor, another term is when sign the s&p the 10% hv pay to me, do not Hold by the lawyer.

Have you all see the new post? Tough luck for subsale market..

“For a housing loan of RM450,000 (average condo price of RM500,000 less 10% downpayment) for 30 years, the monthly repayment is already RM2,175 which is 72% of the fresh graduate’s income,” he calculates.”

There goes the subsale.. Getting tougher now..

lol @ To

previously mentioned SVP jam, now we shoot back about ASP being a tail, now he is explaining how beautiful the tail is…

go elsewhere lah salesmen

20th fl :
lol @ To
previously mentioned SVP jam, now we shoot back about ASP being a tail, now he is explaining how beautiful the tail is…
go elsewhere lah salesmen

Svp traffic is much better than Asp anytime. Those salesman must be not doing their homework or didnt study about it at all. Svp has few directions to go out but Asp only one road all the way lol.. Svp is closer to georgetown school compare to Asp. If want use chungling sch road also easy but Asp?? How..? Unless you guys using forest track car to bypass those forest behind lolol

What is the subsale advantage of SVP?

@Luck

A real residential area with no disturbances of shop lots below or nearby.

Anymore?

By they way, I saw from other website that there is a low medium cost flat of 234units which will be build on that 4ha land. Is it build next to SVP? True?

@Luck

They have different entrances so what’s the problem ? If you cannot accept
then you have to look for Springtide Residences or Residence 21.

In conclusion ASP still better than SVP..low cost flat somemore..more jam coming..Subsale sure bad..

Actually I was considering to get a home around farlim area. Since there has been quite alot of comparison going on, I thought maybe you guys could share with me specifically on the subsale value of SVP. Like other then big/spacious, no commercial downstair…so anymore? Only 2 ah? Maybe I’ll buy from you in the future. Never know ma…

ASP will be the landmark instead of SVP..

ASP or SVP better? i think you just can get the answer after OC and compare on the workmanship, facilities, landscape, management…. etc. Is too early to compare now.

What is the size and price of the SVP low cost flat?

@kenny

The landmark is the distinguish ASV is being built close to a hill which is
another great concern for safety. You will take a longer time to reach
your place coming home and vice versa going to work if you talking about
jam. SP is just around the corner, the outer part before entering Farlim.

Isn’t it a new bypass rd will be built behind ASP to connect to Yap Choy Yee rd and Tun Lim Express? This turn ASP easier access from outside than SVP, but a the same time, generate more noise to ASP coz it’s standing right in between 2 bz rd.

I was refering my preference to that entire area…not ASP nor SVP. Do not misunderstood.
I repeat “I like it that area” = Lebuhraya batu lanchang till farlim till econsave over the other end.
Now, what else is the subsale advantage of SVP? Any facts are welcomed, not thoughts. Thank you.

Hemsley, this is new information..really there is a bypass? If true, accesibility will be so convenient!

Hi Admin, are the pictures published on 15/Jul correct? seem the layout is different.

@winvin
Admin must be sleeping. Thats ideal tree residences…

@Luck

The truth fact is the built-up area of 1,650 sq.ft. Smaller than a double
storey house built-up by 150 sq ft. You have 2 cars park equivalent to
landed terrace.

You have to pay maintenance fee in condo but not landed property.
(Landed but not Gated). No doubt you pay but in return you have extra
security and facilities.

How much do a new 2 storey landed nearer to town cost at present with
this kind of built-up ? The answer is very obvious.

Appreciate that, so shineville villa share the same entrance/facility as shineville park condo?

SVP need think twice…before doing investment…I don’t think it will have any good subsale after that..Sure many auction will happen…

@Luck

The facilities is only for SP Condo only. The same main road with different
entrance for SP Condo.

Luck :
Hemsley, this is new information..really there is a bypass? If true, accesibility will be so convenient!

This bypass rd had been announced to the public last yr, together with the undersea tunnel. According to the schedule, the construction to be started in 2016 and completed in 2018.

Tun Dr Lim Chong Eu expressway-Bandar Baru Air Itam bypass (4.6km)

https://www.penangpropertytalk.com/2013/03/malaysia-china-firm-wins-rm8bil-road-and-tunnel-projects/

@Kenny

I think you are new in property and I am probably right. SVP has no
DIBS and every purchaser has to pay for SPA. All had their loans
approved and why is there the need for auctions ?

It’s different from Sandilands, SP Setia and Ideal in Sg. Ara whereby
they had certain amount of % discount of the sale price and DIBS.

Hi Truth,

What you say is correct…no DIBS..buyer should have sufficient and cash to invest..This is a part of their consideration before doing investment and buying this property..

Hi Kenny,

I can’t see any opportunity of auction in SVP.

@Truth/Choo

I am not new and i think you are agent.. What i mean is we must know manage our cash flow before doing any investment…Or else..will lead to auction.. And i don’t think SVP is good for investment as now penang property is over supply…Demand of 1500++sqf condo is very low…and the location is not good….Many factor might cause this project to have bad performance in subsale later on compare to ASP. Let see later on guys.

@Kenny

Are you telling me all the purchasers of SPV are buying for investments ?
Penang property is not over supply nearer to town areas, may be in Sg. Ara
and Bayan Baru areas. How many with such a built-up area can be found
around G’town ? That’s why is not oversupply and is unique.

Many factors are taken into considerations like paying the loan interest during
construction period before buying. The need to sell off the property is not the
main agenda.

What I see is the one who bought from those projects with DIBS, free legal &
SPAs and 8 % discounts on purchase price for investments will be more prone
to default monthly installment and the tendency of auctions will be great if the
market is bad.

Frankly I am not an agent.

Hi, I’ve been asking many times about the advantage of SVP sub sale and I have some feedback. No offence, but as a potential buyer I would like to know your honest words about the disadvantage too. Pls share. Thank you.. But please, facts, not thoughts.

Yes Truth. I don’t think much of the SVP buyer are looking for own stay..Every one is looking and keen for sale after OC. Not sure the occupies rate. Big question mark here. Condo currently in penang market have seen some over supply condition occur.. Probably in 2 to 3 years time we can see the scenario getting worse. Town area property is always a demand…you are right. But landed property will be still preferable for penang ppl to be stay since the you wish to stay on 1500++sqf condo. And yet the location is an issue with this property price of 700k++. Sandiland probably is another good project to invest..for 1300++sqf above project. And good access link…

Kenny, sorry if we SVP owners offended you, there are plenty of people who bought SVP (myfriends & Relatives) for our own stay, which it is not possible to get another 1,650 sq ft unit in Air Itam area. With all the full facilities and Low Density that I dont have to share among 808 units. Talking about subsale and secondary market, it’s true that they are demand and transaction (According to lawyer), but other than that, people are just sharing the joy of the capital appreciation upon the property that they have bought lah, Kenny, I’ll support u by going to ASP to those restaurant outlets, dont worry.

For investment Comparison

-Current Market Price = RM550 per sq ft

All season place = 1200 x 550 = RM660k

Shineville Park = 1650 x 550 = RM907,500

As simple as that, what else do you have to compare?

Jam? Shineville is at the junction which will take you less than 5 mins to reach the state mosque.

LMC? ASP no LMC? bear in mind, Melody Homes is LMC. SVP has LMC on the side, but both of the projects has different entrance(according to developer), cannot share facilities somemore.

Density? Shineville 299 vs ASP 808

Commercial? If you are looking for Peaceful, Private residential area without people “Screaming below your property while watching FIFA” of course Shineville serves better privacy

View? Shineville has both of the good view (Georgetown and Air Itam) while ASP can only either see the hills or see the main road.

To be honest, Penangites are not ready to accept property with commercial yet, no doubt it is convenient, regardless all the security facilities offered, i still can’t sleep well with commercial below.

I had a hard time at work, I want a place with peace, not a place where you can see tons of cars, hectic, honk honk, crowded.

just my 3 cents

20th fl :Kenny, sorry if we SVP owners offended you, there are plenty of people who bought SVP (myfriends & Relatives) for our own stay, which it is not possible to get another 1,650 sq ft unit in Air Itam area. With all the full facilities and Low Density that I dont have to share among 808 units. Talking about subsale and secondary market, it’s true that they are demand and transaction (According to lawyer), but other than that, people are just sharing the joy of the capital appreciation upon the property that they have bought lah, Kenny, I’ll support u by going to ASP to those restaurant outlets, dont worry.
For investment Comparison
-Current Market Price = RM550 per sq ft
All season place = 1200 x 550 = RM660k
Shineville Park = 1650 x 550 = RM907,500
As simple as that, what else do you have to compare?
Jam? Shineville is at the junction which will take you less than 5 mins to reach the state mosque.
LMC? ASP no LMC? bear in mind, Melody Homes is LMC. SVP has LMC on the side, but both of the projects has different entrance(according to developer), cannot share facilities somemore.
Density? Shineville 299 vs ASP 808
Commercial? If you are looking for Peaceful, Private residential area without people “Screaming below your property while watching FIFA” of course Shineville serves better privacy
View? Shineville has both of the good view (Georgetown and Air Itam) while ASP can only either see the hills or see the main road.
To be honest, Penangites are not ready to accept property with commercial yet, no doubt it is convenient, regardless all the security facilities offered, i still can’t sleep well with commercial below.
I had a hard time at work, I want a place with peace, not a place where you can see tons of cars, hectic, honk honk, crowded.
just my 3 cents

well.. at least you are doing your homeworks. not like this kenny (Salesman) doing hardwork without knowledge aka bullshitting around.

Hi again, So SVP has no disadvantage for subsale?
Winter, 20th fl, appreciate your honest reply.

Not encouraging you nor wanna subsale my unit (Luck), but so far, i haven’t thought of ONE disadvantage about this project.

@Luck

Disadvantage? Normally bigger units will have harder time for subsales. That’s why investor normally focus moreto smallest units of a project.

Hemsley :@Luck
Disadvantage? Normally bigger units will have harder time for subsales. That’s why investor normally focus moreto smallest units of a project.

you are wrong. not everyone are qualified to get big amount loan thats why they only can afford to get smaller unit. those rich guys will get big condo anytime. if want to stay condo but stay in small size condo like apartment size, what for? people chose condo, want big space, facilities. thats a real lifestyle to live in condo, else go for apartment or LMC.

Thank you..
Winter, anything to add on the disadvantage?

@Hemsley

How small would that be ? So all investors focus on smallest units ?
Every investors all rush to Tropicana Bay Residences to buy their units
of 455 sq. ft. for 360k is it ?

Booked in Feb.2013 and still have ample time to apply loan till the end of the
year and is it an advantage?

Luck :Thank you..Winter, anything to add on the disadvantage?

To be honest, the disadvantage only one which dont have smooth traffics. This affect all farlim area but ASP even worst. SVP is nearer to town compare to ASP, even there’s just a distance away from SVP to ASP, but thats make big difference. ASP owner have to que for a long way before they can come out from their condo, the lane very small to, which to join to the farlim roads.

Hey, thank you so much. After all the replies, I even get information on disadvantage for ASP even though I did not ask for it. Basically is the noise+traffic.

I hope you guys don’t mind, is it ok to know what you guys feedback on the advantage on ASP as well?

Luck, ASP’s main selling point is the commercial down there, no doubt,

there are penangites who are ready for having commercial (some said teenager, want convenience) but definitely its not a place for peaceful environment.

for those who are keen to eat/shop at giant/allseason place daily, then ASP is the palce they want. but do take a note (the food, groceries in giant aren’t cheap as well)

Thanks..
Truth,Winter,hemsley,kenny…anything on the advantage of ASP?

Big unit at SVP is hard to be sale in subsale.. If big unit..gurney is better place instead of this jam location..
Sandiland seen better and strategy..

Lets say on condo only without carpark. .ASP also giving a nice environment with seperate and private swimming pool faility for each condo.. Unlike ASP.. Have ur guys view the unit? Pls view b4 comment..

Winter :

Hemsley :@Luck
Disadvantage? Normally bigger units will have harder time for subsales. That’s why investor normally focus moreto smallest units of a project.

you are wrong. not everyone are qualified to get big amount loan thats why they only can afford to get smaller unit. those rich guys will get big condo anytime. if want to stay condo but stay in small size condo like apartment size, what for? people chose condo, want big space, facilities. thats a real lifestyle to live in condo, else go for apartment or LMC.

You hv ur point but it doesn’t means im wrong. Most things happened with the combination of factors. Don’t u agree that smaller units easier to sell compared to larger units? The entry barrier is lower. Rich guy who afford to buy big unit today, may only able to buy a smaller unit tomorrow with the same money.

Truth :
@Hemsley
How small would that be ? So all investors focus on smallest units ?
Every investors all rush to Tropicana Bay Residences to buy their units
of 455 sq. ft. for 360k is it ?
Booked in Feb.2013 and still have ample time to apply loan till the end of the
year and is it an advantage?

Come on la guy. U want to compared with waterfront property which is at different category? It is a different game. The smallest units means among the available projects at the same area and same category. I will classify SVP and ASP as same category. Again, don’t tell me u want to compare to LMC next.

And, next time after u settle with SVP, and plan for investment, maybe u will go for a penthouse of a project. I think u will take it as a good investment.

Luck :
Thanks..
Truth,Winter,hemsley,kenny…anything on the advantage of ASP?

U look for property for own stay or investment? Rent or resell? If for investment, as a person outside of Farlim, I know ASP better than SVP. Indirectly, ur buyer/ tenant market is bigger. Those visitors to the commercial area also will remember ASP better. If I going to rent a house/ room because I work there, ASP will be my choice. If I going to buy a property there for own stay, I will not choose ASP because of the new bypass rd I mentioned earlier.

But I’ll not choose SVP as well if like someone above quoting 550psf X 1650sf = 907K, I probably can get a leasehold old landed somewhere opposite ASP. If u can accept SVP, probably should add Boulevard into ur consider list as well. It is only <600K for 1195sf.

Truth, Winter, any points to highlight over ASP subsale advantage?

Hemsley, Kenny, Thanks.

if someone who’s interested in ASP, pls go grab a unit before it is fully sold out,

or else, until next year, also cannot sold out,

heard from insider of ASP, the last block still left around 50% units unsold. DUNO TRUE OR NOT

ASP, GL or SVP also no worries. This 3 must unite to fight for higher resell value. Because it will affect this 3 development if any 1 of them resell price are getting low.
If SVP selling for RM500psf, ASP sure can hit the same value.
If ASP selling for RM600psf, SVP easily can sell for RM900k.

As I’m the SVP owner, I’m hoping that ASP can fight for RM700psf. I can wait.
Cheers.

As why I’m invest in SVP,
1) low density, only 299 units and separated with 2 blocks.
2) built-up 1,600sqft was in the title, not with accessories parcel.
3) superd facilities, especially the long stretch swimming pool.
4) development land title did not charge to bank.
5) have confidence with developer’s previous project.
Just my 2 cents
Cheers

Truth :
@Hemsley
You still didn’t get it ? Waterfront property with the smallest built-up
fit your description should be drawing a lot of investors, It is easy to
to sell, get a bank loan and different category with seaview, wrong
again ?

Go to check within the Tropicana Bay Residences whether the smallest units are selling fast, left behind the larger units. When within the same category, the easier reference is to use the size directly. If u want to compared to property at different category, the total price will be the final reference. To compare in general, property <500K still got huge market, that's why easier to do well compared more expensive units. Still can't agree with it?

OK la, The Loft is selling 900~1000psf. Then u can sell ur SVP at 1.5M lo if there is no different between the waterfront property and inland property. lol.

If SVP launched at the same time with Tropicana Bay Residences, with maybe 500~550psf, I think Tropicana Bay Residences will get a better respond.

Hi Everyone, after much questions and answers I can see that both SVP and ASP has both advantages and disadvantages. The thing that drives these factors be it facts or thoughts is individual preference as well as their loan limit. These two factors must go together, without either one, no sales going to happen.

@Peace, What you said about both SVP and ASP unite for a higher selling price would be the best for everyone. But remember of the two main factors as we always heard – loan rejected.

I am aware that ASP still have units left with different package for different blocks. Some with DIBS, discounts while some only with rebates. Just a thought, is it possible that sales is slowing down due to the price tag near to RM600K which buyers seemed reluctant to even purchase despite there is still rebates? Then subsale will be an issue.
The commercial lots below is a success so far. Popularity is steaming the places. This is evident which you can witness yourself. Those with preference on such conditions should be willing to buy a unit when all the stores is up and running.

It may not be true but somehow I believe many bought SVP for own stay, cheap and big is the true factor which sells 100% but as for current market rate + current market conditions, circle of potential buyers surely got affected from the new 35yrs loan ruling. But, ASP is selling about the same or higher price. So, loan will still be an issue.

I must agree slightly smaller units means smaller loans. 45yrs to 35yrs limit is significant to younger buyers. They must pay not only 10%, but perhaps 25% dpymt now since 10yrs allowance is taken away. Thus, money matters to these circle of buyers. The higher the property price, the more difficult it is to get a buyer unless the units is really attractive.

I wish these area successful with developments where everyone will prosper and enjoy all the facilities in and out of your residence. So good Luck to all and thank you..

Luck :Hi Everyone, after much questions and answers I can see that both SVP and ASP has both advantages and disadvantages. The thing that drives these factors be it facts or thoughts is individual preference as well as their loan limit. These two factors must go together, without either one, no sales going to happen.
@Peace, What you said about both SVP and ASP unite for a higher selling price would be the best for everyone. But remember of the two main factors as we always heard – loan rejected.
I am aware that ASP still have units left with different package for different blocks. Some with DIBS, discounts while some only with rebates. Just a thought, is it possible that sales is slowing down due to the price tag near to RM600K which buyers seemed reluctant to even purchase despite there is still rebates? Then subsale will be an issue.The commercial lots below is a success so far. Popularity is steaming the places. This is evident which you can witness yourself. Those with preference on such conditions should be willing to buy a unit when all the stores is up and running.
It may not be true but somehow I believe many bought SVP for own stay, cheap and big is the true factor which sells 100% but as for current market rate + current market conditions, circle of potential buyers surely got affected from the new 35yrs loan ruling. But, ASP is selling about the same or higher price. So, loan will still be an issue.
I must agree slightly smaller units means smaller loans. 45yrs to 35yrs limit is significant to younger buyers. They must pay not only 10%, but perhaps 25% dpymt now since 10yrs allowance is taken away. Thus, money matters to these circle of buyers. The higher the property price, the more difficult it is to get a buyer unless the units is really attractive.
I wish these area successful with developments where everyone will prosper and enjoy all the facilities in and out of your residence. So good Luck to all and thank you..

ASP still have so many units left which mean its not really a good condo. SVP sold in a week.
So you think which one actually better? 2nd thing is SVP are fully owned and new buyers only can get from owner while ASP can get from developer anytime will those freebies and offer. IF now got buyer wish to buy ASP, also will not get from owner. SVP now can only got limited unit.

Hello Vick,
I seriously do not know which is better. As I mentioned preference matters as well as loan credibility. So even is ASP is so much better with 1mil price tag, young buyers without the capability to reach 900K loan amount and 150K for dpymt+misc fees, then nothing will happen right? The same applies for SVP.

It is very true subsale buyer can get a unit from ASP developer instead of current owners. But you see, owners are individual where they decide how much they can sell or earn. Developer instead fix the price tag. With the same comparable unit at same level,same size diff block,same view, the only difference is the price. Let say the owner “cincai”, willing to reduce 30K further because the owner is competing against the developer, now 30K is significant to the subsale buyer right? If developer not reducing the price then I am pretty sure I will buy from the owner. What do you think?

@Luck
those seller/salesman are daydreaming in mudah now which they are selling much more expensive than developer did. developer giving many freebies to buyers too. in this case, of course buyer will get his unit from developer. who will buy from owner which is more expensive and without any freebies??

Vick, everyone can post in mudah right? So lets just use it as reference.
In the end, a buyer needs to weigh the savings from owner vs the freebies/rebates from Belleview based on all the options available as well as personal preference and affordability.
Just wondering, what freebies are you talking about? Currently still available?

By the way, I am not promoting either ASP or SVP.

its so funny when you can see obvious sentences as you-per-heard from belleview sales office by the salesman, confirm they are working hard to destroy SVP to gain sales.

but too bad, that will not change the fact, maybe the need to do more homework to increase their sales

Is SVP location good for investment? Who might be the subsales buyers? Would foreign investors choose this location?

XXX

My opinion

1. For investment not bad. Low entry capital… Can make decent profit should you flip… But not at the self promoted price in this forum….
2. Subsale buyer is still not saturated yet, i believe there will be many local buyer still…
3. Foreigner? It will be okay if you can sell a fridge to eskimo…