Get to know this project from QB – The Biggest Properties Fair in Penang…. but i doubt for the “Biggest” as there is only few developer in the road show. the price is starting from 260K.. kinda attractive price in Penang.

Sounds reasonable price rm289psf. Maybe got early bird discount like golden triangle during 1st launch :). Any idea when this project will be launch?

This is an unbeatable price nowaday in penang. No other can fight anymore. Must queue for 3 days.

This project seems to be the riversides residences. The location seems to be the riverside residences by G.I.M developer. Is it the same project.

@penangkia
Hi, congratulation. Seem that you have found your within budget property. I think you no need to queue 3 days, with today economic cautious situation only genuine buyer will book and now the sold off rate is about 60% ++ for every new launch project.
Do consider LMC lah if you still cannot buy this one, don’t curse around and act like property expert if you really still can’t afford this one.

Shut up la Jen… Comment yourself before comment other people.

Size vs price looks reasonable for this project in Relau area…the biggest concern that I have is…that area has becoming increasingly populated by foreign workers lately…a little worried on the security side…just my 2 cents

@Ken
Agree.

@Jen
Thanks for your concern. Afford or not afford is non of your business. Don’t be DOG EYE LOOK PEOPLE DOWN.

This area is surrounded by a few landed property project like Setia green & Siarra 81 and high rise like Zan Pavillion. Should be quite happening when fully populated. A bit worry about the traffic congesstion. This area is considered more closer to Relau rather than Sg.Ara.

Anybody has the detail info on the max/min pricing and the price range for 1182 sqft? Mind to share in here if you guys have the info.

I am interested on when is the launching date. Please share it here when the launching date okay.

Jen :@penangkia Hi, congratulation. Seem that you have found your within budget property. I think you no need to queue 3 days, with today economic cautious situation only genuine buyer will book and now the sold off rate is about 60% ++ for every new launch project.Do consider LMC lah if you still cannot buy this one, don’t curse around and act like property expert if you really still can’t afford this one.

Agree with you, Jen … nobody can shut us up, we ‘re entitle to our opinions

price psf looks reasonable…… how is the road access to there? if it is further in compare to Zan Pavillion?

Where is the exact location? besides Zan Pavillon?

Abit risky or not? Because the developer keep launching 1 by 1 (Golden Triangle, block by block then Summerton follow by this one) but not even one of it started contruction.

WK,

I also feel fishy about this developer, already 3 projects launched (summore big scale!) in these 2 years……..no previous track record also. And the economy downturn is coming soon, I believe they fast fast launch to channel the risk to buyers and collect some hot money to run other projects (first will be the Golden Triangle)….

Anyone got more info about this project?

Title: commercial/residential
tenure: leasehold 99 / freehold
total unit: ??
maintenence fee: RM? psf
waived any legal fee/stamp duty/interest?

No time to go their office yet, if got time sure go there and ‘probe’ them

@KS_rev
Title: residential (like Golden triangle)
tenure: freehold
total unit: 323 unit condo (900/1000/1182sqft); 20 unit commercial shoplot
maintenence fee: Not sure yet
waived any legal fee/stamp duty/interest: Package not sure yet
Starting price: RM260k

This developer is going to launch another high rise condo at seberang prai also….

I can see this location is a bit quiet, compare to Golden Triangle, price is also affordable for ‘entry level’. See how the package during launch, hope the launch date is by this year end. Expected need to queue ‘few days’, I’m seriously consider this project for own living, upgrade from LMC. Penang island need more of this type of project.

Hi all, Thanks for all the updates and informations. Me , i am looking for a place for me and my family. A bit concern about the Relau area. There are always cases in newspaper about foreigners stabbing and killing each other. Is this a good investment. Need more information on this.

Actually foreigners tabbing and kiling each other can happen anywhere. It all depends how the newspaper want to advertise it.

Frankly, this is really cheap. somemore go swimming pool

“foreigners stabbing and killing each other”

so serious in Relau area?

I think the foreigners area at Relau is focus on Desa Indah and Sri Aman apartments. SR is not located at that part of area. Just pray for very less ‘investors’ aiming on this project and rent out to bangaladesh later. Desa Indah is one of the best example of becoming foreigners hostel.

With the price of RM260k, it is higher risk for this project to become rumah pekerja asing.

I am very dislike the concept of having shop lots there, this will allow public to go in and out at the residence area. That’s why I didn’t buy TGT, The One and Elite.

For my opinion, this can be an opportunity for those youngster to buy their first house in Penang with this price.

Hope they can give good package for early bird, like free one more carpark, then i will hire bangla to queue for 3 days, buy it, and then rent it out to bangla once completed

@Bangla
Then you can stay together with the bangla cuz you are “Bangla” also

for those who want to buy and rent, you need to rent >RM1500 to cover the installment, else is not a good investment. i will buy for own stay only.

Wow, before launching already such a big cloud of people talking about it. Should be a good property to watch for. Agreed with daniel, I don’t see any good reason any boss in Penang willing to rent a unit w b/u 1000sf for RM1400 or higher given so many choices at Relau area that the rental is about RM450 for 700sf to 800sf. [Do your maths and buy with calculator, not your heart].

@KK

me too.. really need to know when is the launching date. TQ

Takut developer shaky only

Yeah, this developer currently has 3 new projects on hand, The Golden Triangle, Summerton and d’Square; add this one would be 4. Anyway, still no track record for completed project (if any, please comment here, appreciate that). Hope GSD’s style not similar like Ideall.

@Bangla
Stop putting your comment here for all bangla related story, it doesn’t bring any value.

The location is not so ‘strategic’ to rent out to those students, non-penangite factory engineer, business man, etc. D-Piazza, Elite, The Golden Triangle can be hot for rent out to these group of people. Hope this project is deserved for those want to buy for own stay. As for bangla, there are many flat like Desa Indah for them. I am looking for this one for own stay after given up buying landed house at seberang.

who know the actual site location ?? will it close to “old folks” house area ?kind of interest to buy one.. Cheap as per today penang market

Anyone go to their sales office and ask on the details of the project? Any info can share.

@Economic Crisis

I’d prefer developer with completed projects, atleast a track record or something, as we can see the construction from other project is progressing very slow too

@Kenny Yes, exactly, it is next to the old folks house. The nearby are all the single storey old house (like tau kuah house), scattered everywhere, may be will demolish for developement in future. The location is OK la, far from main road, quiet for living, and not close to the Petronal/Shell station. Can drive to the site and see.

@HarimauTakBergigi
You mean other developer’s project going slowly? I can see One World project is progressing super slowly. Another slow project is The Oasis at Kampung Buah Pala. These are the example we need to avoid; but how to avoid? Comment are welcome.

So far I know this developer has built Oasis Residence landed Semi-D at Relau. But landed can’t compare to Condo. Heard some banker comment about this developer, haha, go and check it out.

Economic Crisis :
So far I know this developer has built Oasis Residence landed Semi-D at Relau. But landed can’t compare to Condo. Heard some banker comment about this developer, haha, go and check it out.

is it completed? i heard it launched for quite some time already, the delivery time is unknown. Somemore so many projects launched and not delivered, considered as no track record. How can you trust them?

I m doubt on this project, starting from RM260k. Their project d’Square at butterworth already start at RM280k. This is penang island, very very doubt on the price.

@KK
d’Square is larger, do some maths…

d’square = 225/sqft
sierra = 289/sqft

Yes, need to calculate in price/sf. Do you think RM260k for a 900sf unit is cheap? (this price is definitely on the first floor, after add in floor premium, view premium, the price is RM260k++) N-Park completed apartment with 700sf in good location, free hold now sell at RM250k (furnish/renovated); Serena Bay at good location also, 900sf but lease hold at RM260k with two car park. So, for nothing now (see empty land) with RM260k for 900sf still consider cheap? In Relau location!!!

If you buy N-Park for RM250k can rent out for RM1100 per month now, immediate cash flow in….Please don’t say this project is cheap, do some analysis.

@HarimauTakBergigi
Need to take risk lor….of course all new project got risk, just high or low. Like Ideall, track record good meh?? All the project under this developer also sell like hot cake la….Track record show you not that good, but people still buying what to do…

At least, no bad track record from this developer. If any, please comment.

Another personal thinking, don’t expect any zero interest package for this project until completion, if the price is at RM290/sf. I think this is good if they can keep the price as low as possible and not factor in the interest during construction. Why I say this, can ask your banker.

@Economy Crisis
Who say this project is cheap? Just doubt on the price compare with others developer. Do you all agree where to find a project with this price nowdays in penang. Can you all list out if there is any other new project this price in penang.
I don’t think relau area is no good. It is close to PISA which will develop soon, close to airport, queensbay, Inti college and FIZ.

@Jen
Only different RM60/sqft between butterworth and penang, seems like butterworth land also very valueable. I think we can get landed terrace for RM300k price in butterworth and the rent different is high. Where is the math?

@Jen,

No point to argue, you have very good point. 225 versus 289, that’s math.

haha, seems like 289 is oni indication price, based on the developer it will go up higher or smaller area for the condo… dream on guys….

I can name you one Condo now for RM288/sf, go buy The Golden Triangle, Duplex, still have many units available, free 3 car park.

The price is recently speculated until over RM300/sf early this year, then RM330/sf for the recent Fiera Vista, even Teluk Kumbar Pavillion Resort hit RM350/sf (but the sale was very slow), and the developer even said “we have increased RM30/sf after one month, and will reach RM400/sf or higher later, good for investment as price is increasing even not yet complete, bla bla bla”….this is the strategic of doing sale, Penang people just stupidized. The Golden Triangle also same, factored in loan interest, from ~RM230/sf mid last year, till now hit RM348/sf (for those loan not approve units), all buyers already made money…so this trend will continue, guess what, will see who to die one day when the Condo/apartment not able to absorb by Penang population. Yes, this risk is on Condo only, landed property other story.

@KK
Butterworth landed terrace still sell at RM300k (I mean new project)?? I think approaching RM400k. RM318k 2 storey terrace in Batu Kawan, Bandar Cassia, I got the flyer from Star Walk last week. Simpat Ampat also reach RM350k range.

Simpang Ampat new project S65 3 storey terrace price already hit RM528k, launch few weeks back.

Pearl Indah still RM350k range, by Tambun Indah, standard size double terrace.

全球经济或出现新一轮衰退　美国股市大跌逾3%
Go read today’s news on what IMF president is saying. I just don’t believe the price of house can keep increasing while the sale is still super hot. Go calculate how many completed units after 3 years, in just Penang Island, while a lot new project going to lauch this year end or early next year.

Economic Crisis :全球经济或出现新一轮衰退　美国股市大跌逾3%

I agree with you about the risk of property price. But I personally still believe that Penang is a legend. The price will stagnant for sometimes until economy recovery but it shouldn’t drop as the major population in Penang is Chinese.

（檳城23日訊）全球股市大跌，預料是全球經濟陷入寒冷的先兆，產業市場難倖免受到衝擊，為產業價格帶來下跌的壓力；實際上，檳城在過去幾個月的房地產買賣市場已逐步降溫，地產界人士認為，早前飆高的檳城房產價格預料會開始走疲，對有意購屋的小市民，明年農曆新年後才是置業的好時機。
馬股週四陷低迷，綜指甚至跌破1400點，掉入今年的新低；檳城房屋仲介陳友新週五接受《光明日報》訪問時指出，其實早在2、3個月前檳州房屋買賣的交易已開始緩慢，成交量也淡靜，約下跌了10至20%，在未來3個月內，無論是賣方還是買方，預期均將持觀望態度，屋價也會有稍微趨軟的跡象。
他說，房地產交易下跌的現象，不只發生在檳城，雪隆、巴生谷一帶也出現這個現象。

I have checked my banker frend, the application loan for sub sale of penang property is very low meaning that very less ppl looking for the overpriced sub sale, those ppl buy house forinvestment will get themselve burnt soon hahahaha

Most of the time , I think those who bought property for investment
are not really bothered or concerned because they have the
resources.

It’s the working class people that have to be worried .

Yes, those aunty uncle investor (retiree) and rich person who got plenty cash just can’t feel anything, they can pay the installment and let the house empty for few years, holding power is super strong. But for ‘worker’ investor that buy to rent out or must sell out when completed, will definitely feel the pain.

Those buy for collect rental, wait long long to see the rental increase….Penang house rental didn’t change a lot (probably don’t want to say remain the same) in last 10 years (reported in newspaper too). When the house price incrase too high, rental return less than 5%, it is definitely not a good investment. The sub-sale will drop, despite economic crisis, the rental ROI is one of the factor, especially in Penang.

Never mind, Malaysia Composite Index is dropping around 10% only, while other country already drop more than 20%, Malaysia Boleh. No need to worry, when share not doing well, buy a lot property, keep it for 10 years, can sell much higher price later.

Bursa will drop below 1000 by end of this year.

Alamak, why talking about share pula? Btw, this project really good? Now they have show unit open for TGT, one of their project, what do you think?

i went to office to check the actual site location, is beside Zan Pavilion condo.. Not bad.

Hope there is access out to Sg Ara (Cherry Blossom Thai Food), and the other access to Jln Paya Terubung.

Hope there is ‘ample car park’ on the brochur can be reality, each unit come with two car park or allow to buy extra car park. Hate those condo with only 1 car park allocated.

@Central unit
Don’t laugh and don’t be a hyprocrite. If the housing sector get into depreciation, bank will be cautious to approve housing loan and ppl like you that can’t afford to get a house now will also hard to get one if economic go into very bad recession. Its nothing wrong for ppls buy house as investment, that is a good and long term investment. I do disagree with over speculation, but speculation in property is normal for any open market country.

The Golden Triangle is yet to sign S&P (I should say not yet stamp S&P to take effective), this project was launched mid of last year, Jun’2010, it means, it takes 1.5 year to stamp S&P. Let’s say this year end Dec’2011 only stamp S&P, then Jan’2015 only can get house key Need to wait 4.5 year from booking till get key (provided no delay). After get key, there is an incubation period (to avoid dust, noise, safety, etc during renovation) that take 1 year before you really can live into this Condo. Overall, wait 5.5 year from house booking till move in. THIS IS THE TRACK RECORD FOR THIS DEVELOPER.

Hernan :
The Golden Triangle is yet to sign S&P (I should say not yet stamp S&P to take effective), this project was launched mid of last year, Jun’2010, it means, it takes 1.5 year to stamp S&P. Let’s say this year end Dec’2011 only stamp S&P, then Jan’2015 only can get house key Need to wait 4.5 year from booking till get key (provided no delay). After get key, there is an incubation period (to avoid dust, noise, safety, etc during renovation) that take 1 year before you really can live into this Condo. Overall, wait 5.5 year from house booking till move in. THIS IS THE TRACK RECORD FOR THIS DEVELOPER.

wow, 5.5 years to move in? by that time the layout, finishing,design will be outdated! do you think they will increase price when they ask you to sign SPA?

I bet you can do plenty of things with the money in 5.5 years, after 5.5 years it’s not even a good investment afterall

New Rules for 2nd house buyer will require 30% of deposit ?

@ah hin

This is not the major concern. Worst case is to give up of invest anymore property.

The most worried is the RPGT. If increase back to 30%, the property market for sure will sank. Keep an eyes on this coming Friday budget announcement. Hopefully it won’t come true.

I hope it will come true, for those property with RM300k onwards require 30% deposit. While RM220k below can get 100% loan. This is the good way to cool down property market.

@Ah Dog

Look like you are low income category who’s looking for low cost property. Somemore prohited people to register for The Curve Condo. Yaya…….. Wish your dream come true.

Regardless 30% or 100%…. go to “JILAT” Lim Guan Eng shoe, perhaps he may give you a change to own a low cost flat with 72.5K only. Muahahahaha……………

@Ah Dog
Unfortunately, you dream didn’t come true next year RM400K can get 100% loan too!

@New Buyer
Yeah, my dream didn’t come true! Very sad, so, vote wisely, undilah! Undilah cermat and smart.

@ppl188
My dream didn’t come true, so you can laugh till short and crazy. I no need to jilat, but he will build 7000++ units of ‘quality’ LMC at Batu Kawan.

Why don’t they make it RM800k can get 100% loan? At least i can buy a cheap landed property at Penang island, and pay all my monthly salary for installment.

@True

Agreed!

10% RPGT is to scare the ghost but not the investor. 100% loan adjusted to 400k house. Seem like next cycle of speculation engine is turning “ON”. This is my wish. Hooreah !!!!!!!!!!!!!!

400k for 100% loan for income below 3k must be nuts, with 220k 100% loan for income 3K can’t even get the loan approve!

@mstan
Agree, a good one. Below 3k monthly income don’t even need to think about 400k house, so, this benefit is only for those invester who can’t put their wife, son, daugther to buy 1st house with 100% loan, leverage on their wealthy to get the loan approve.

Got money to buy RM400k++ house don’t mind to pay 10% down, those can’t affort 400k++ will not meet bank criteria to loan 100%. What a contradict proposal.

yea, it do not help to curb the property price at all… RM400++ house loan 100% at least need pay RM2k++ for 40 years. Gov is kidding with us. Malaysia Boleh.

KK :yea, it do not help to curb the property price at all… RM400++k house loan 100% at least need pay RM2k++ for 40 years. Gov is kidding with us. Malaysia Boleh.

Any update on this project? I think the developer will take part in next week’s pisa PIP property fair.

are they going to launch in PISA this weekend? Sure long queue

GSD is one of the exhibitor, but don’t think they will launch in PISA, they will continuously accept the registration to see how the demand and market for this project, then ‘revise’ the price. I think they will launch by end of this year or early next year, or during CNY.

Economic Crisis :
GSD is one of the exhibitor, but don’t think they will launch in PISA, they will continuously accept the registration to see how the demand and market for this project, then ‘revise’ the price. I think they will launch by end of this year or early next year, or during CNY.

@Economic Crisis

launch or not, just expect completion from atleast 1 PROJECT of theirs, how can you guys put so much hope on a developer without any track records?

Haha, with or without track record doesn’t matter, for those need a home for ‘own living’ and 1st time buyer will go for it if the price remain as what stated at above. Yeah, if the price remain at below RM300k for the smaller units, and at ~RM300k range for all the units. There are many youngsters and young couple still not affort to buy house. They are many still looking for an affortable one, this is definitely the one.

Track record? A lot of buyers will worry, and those investors. If I throw a stone 5 times in the factory (where I work) cafeteria during lunch hour, surely will kena one buyer that ‘invest’ or buy The Golden Triangle or Summerton [or Elite Height]. If you not believe me, go and throw a stone. So, after bought TGT or Summerton, they still dare to get this one? Hehe, condomana, i think you’re the one of TGT/Summerton buyer too, so you need to worry.

I think this is a healthy, peacefull, fresh air living environment. Any objection?

Yes, ” Dog Not Allowed “.

No worry, dog only can bug at here but no money to buy.

haha, of course dog not allowed, as this is high rise appartment, not a bangalow with plenty of land, garden, and grass field, only bagalow, semi-D, aiya…landed property la, can have dog. So, you J&J (junk & joker) and SR (small rat) can’t have dog in this appartment ya, the management will fine you.

Hi All, this must be the dog from SPCA reported missing from their custody.

It DOESN’T make any sense when you start talking about this house is preferable for first time house buyers to afford 300k house or whatever when a developer doesn’t have any TRACK RECORD. Which might lead to incomplete of project (like previous project of this company). We’re not talking about the PRICE now, it’s about the PRIDE of the developer whether to deliver the project LATE/EARLY/ABANDON.

For my own concern,

If ME(as a first time house buyer), i will not pick a developer with bad reputation for my first house, or else I might have phobia for the rest of my life when purchasing a house

condomana,

you are saying this developer has previous abandon project track record??

Oh no.
I already paid in advance for one bangla to queeue up for me tommorow during PIP.
Must ask for refund.

The launch will be next year liao, as i just ask in PIP.

@Ah Dog
wow, so fast got latest info for us from PIP.

Any good kantau from PIP?

No kang tau, only very small property fair, as it is just a part from Mega Home fair.

Go to PISA to take a look on this project replica model, look very nice, got 20+ shop lots infront only, while the main entrance for residence is at the back, overall, the shop lot is OK, not much impact to the residence while can provide some convenience to the residence. I personally think this is very different compare to TGT, which comprises of 3 storey shop lots on the entire peripheral of the building, very congested if all the shop lots with good business.

Ops, correction, the shop lots in TGT will surely definitely confirm ‘dead’, it is build for failure, only one or two cats will survive. But TGT residencial is OK. E.g. for shop lot/office lot failure in Bayan Baru is a lot, simply pick the D-Pizza shop lots, although got PC Expo, bla bla bla, after 2 yrs, it is still remain empty (in fact, i only been there once for lunch at Cina Muslim restaurant)….haha, Elite Height shop lots is coming, Quarter Mile is coming, more SOHO from the abandon project next to D-Piazza…a lot empty lot in Suntec, C.E.O….Even in prime location also dead, just went to MBF tower, the tower look class but quite empty, no wonder Northam Tower need to convert to residencial, pitty Penang….the power of market is totally can’t compare to KL’s 1%.

@Kee
Next weekend got property fair in Gurney Plaza; 24-27th Nov weekend in Queensbay, need more energy to push sale due to uncertain economic….

will it be another Bukit jambul condo? ends up with bangla since factory near by and got shoplots… now foreign worker also can afford to rent since it is not that expensive, just squeeze in more people in the unit…

Aiyo, bangla story again! This one more class a bit la, bangla will rent those flats in Relau, especially in Desa Indah, one unit rent for RM550 – RM600, 3 blocks already enough supply to them, down there got a lot of shop lots, for all the bangla gather there.

Hahahaha, I do not put my dreams and hope in it, my priority is still the quality and track records(unknown), without thinking of the completion, you guys thinking of making profit. without thinking of teaching a baby how to walk, but start thinking how to teach a baby how to run

Hey, mana, high risk, high return, once completed, you only see other sell at high price and red eye. [D-Pizza is a good example for you to study, many people drop their booking due to no track record] Once got track record, the price will not be the same.

Hahaha, I know, high risk high return? are you sure? are you expecting a 900 sq ft apartment at 400k? you got to be a joke right?. D Piazza completed their project, But what if this doesn’t? you’ll get mud and one unit of under construction unit without completion, go ahead and make the bet, i’ll say the construction will only be at 40% after 2 years from Today

is the shop lot located UNDER the condo? or NEXT TO the condo (like D’Piazza case)…?

The shoplot will be under the apartment.

@condomana
Fiera Vista sold like hot cake, that one also can sell like hot cake, who care about this developer? Anyway, you’re still very optimistic, yes, 2 yrs from now 40% is very good already, if lauch Q1 2012, then sign S&P on mid 2012, and stamp S&P end of 2012, then they can develiver the house by end of 2015 (which is 4 years from now)

Strata title take 3 years to complete.

Ya, their TGT S&P still not yet stamp, the 3 yrs will only start counting from the date of S&P stamp. Although TGT already ground breaking, but the 3 years time still not yet clocking.

selling like hot cake is NOW, not be able to deliver is FUTURE, there’s no point selling like hot cakes right now and not be able to deliver in the future. are you out of your mind? TGT sold off 2 years ago like “hot cake” and now it’s still under ground breaking, and it takes around 6 months for the foundation somore, this is madly long way to go! and a condo shouldn’t deliver more than 3 years from the stamped date, probably fiera vista will start its stamping on 2013 and completion on 2016

sierra*

Hi all, see so many posting really make me feel interested to place my 10% DP if they have the package of 0% interest till completion..

Ya, if they factored in the loan interest, e.g. let say the price for a unit is RM240k, now, selling at RM265k, factored in RM25k interest for 3 years, still good deal hah…..give you 0% interest till completion (but priced up RM25k).

Ah Dog, i think they will complete this project in 6 years time, therefore = 50k

Yeah, you may right, 6 years time, RM50k for interest, and what you expect? Developer will lose money? Certainly not! So, how they make money still? You know I know la, they will cut here and cut there, and 6 yrs some more with inflation, in the end, you will get a house ‘like paper made’, they can save a lot even on the lift (Hitachi brand can become China camparang brand, and will consume your residences maintenance fee to repair lift for long term) bear in mind, Quality = Money, they delay the project, you pay back to them not money, but Quality. “Goat hair came from goat body” (chinese poem), remember that.

Very dissapointed for those still happy to wait long after putting their ‘10%’ untill completion. Project delay, you got the pain. My friend bought a G&G, surprisingly the developer build it very fast, 1 yr ahead schedule (but O.C slow la), when asked the developer, they said want to complete fast to save cost on the rising (inflation) on raw material (and the contractor can move to other new project). A good developer won’t delay, if delay, they will have plenty of time to ‘re-calculate the material cost’, follow the new price. haha

you buy house delay, pay more money, get the same house. if project delay, you get the same house, but lower in quality.

Delay is another thing, delivering is some other thing too, somemore this developer launched several project without any completed/track records, how are we suppose to buy?

there’s no point buying this project in terms of security too

How can we make sure the developer profile? Have somebody knows fren working inside…
might consult them.

Your friends work inside surely say good one la…no need to ask also know the result. Even the employees inside were all ‘wash brain’ to be part of their business, and they don’t know if the company is ‘going’ badly, all just wish for good and better.

Ah Dog: I believe wat you said is quite correct. Do you guys think there are others choices which is worth to buy at this moment? for those more then 1000 sqft?

Kang Tao, you better start concerning about the pan, not the food

Don’t care good or not good. As long as just pay 10% downpayment until fully built, then I shouldn’t consider more. Just damp in money to book one first.

penangkia, if cannot complete then how? 10% no rasa right?

my personal experience with unknown developer
Oasis Project, i booked a high floor sea view corner unit with 2 car park for 288K but decided to cancel, when kampung buah pala saga happens i really think i did a very good decision, when the project gets green light the unit already sold out but other inferior units sold at 360K. Now i guess when completed that unit can easily be sold for 450K,

Auss, nusmetro has NUMEROUS completed projects, but this one has none i’m afraid.

@condomana
LMAO you like to kid a lot… which developer begin a business with a completed project if you keep ask ppl don’t buy from them cause they don’t have completed project. They can close business already if they do not have completed project right. ROFL (you make my day)

Hey, take a look, Golden Triangle was launched 2 years ago and now still under piling stage and some buyers still awaiting their stamp copy of SPA, and they have so many on-going projects. How are they going to complete? Please talk raw facts, not blank

This project is cheap, went to the site and see nothing yet. Called up their sales office and ask about SPA stamping date and completion date.

Their answer is not sure yet.

@condomana
if you are concern, perhaps you should check who is their bank panel. If Public Bank or International Bank is among their panel, then they should have a ok financial background.

@auss
condomana concern is not the developer because he sure won’t buy, his concern is don’t want others ppl to buy too. his concern is too great just like Mohamed Ghani care for the ppl, so great why not bark in the parliment and implement a better rule to protect us buyer woi… LMAO

@condomana
Please don’t say 10% down no rasa, I’m doubt with this statement. Project abandon is a risk that every buyer need to bear, but overall, this risk is very low, if it does happen, then need to find solution (anyway, this is the risk), unless you buy sub-sale. 10% until completion! Developer bear interest till completion, doesn’t mean you only lost 10% if project abadon halfway, you still need to pay back to bank on those money disbursed to developer, depend how many % of completion stage.

I do not have any intention to STOP anyone from buying, but based on true and raw facts, I understand it hurts.

I’m just sharing my 2 cents.

1)Low risk project? No track record and massive launch

2)Slow construction, after 2 years launch, TGT started piling only

3)Delay Sales and Purchase date

4)No solid proof on BP / APDL Approval

5)Previous project Building Plan Got Delayed on Approval

6)Just site fencing without even the “Papan which states what kind of development they are going to develop”

This is what you called low-risk? Please define, thanks

@condomana
yeah.
i was there for their Summerton launch. They prepare 50 seats but not even the 2nd row is full. Not as glory as TGT huh.. lol. And then got people quarrel because can’t get their unit even they are the first in the queue. All either taken internally or just hidden to push the sales for the not so good or lousy unit first.

Ling, biasalah, the launch was just a show. Mana ada 400 per/sqft will attract people as they can already make purchase at nearby such as Baystar at that price (ready house) somemore.

A lot of units still available now, can choose until you drop.

Of course, and they’ll keep appear in property fair again and again to promote their “unsold units”

not sure how’s the layout ? if the layout like Ixora Height, many corners, i will not to buy…

Any update for this property? Seem silent quite some times ady

Everyone keep silent and slowly slowly goto buy it when it launch….. hahahaha……..

lolzz.. not yet launch what to say oh.. wait for the floor plan n package

Going to launch this coming 24/25th Dec’11. Received invitation letter today.

@ppl188
True enough, please stay Low, ok ! haha

I has been registered for this project. unfortunately i didn’t received any invitation from the developer. looking forwards to hear from gsd!

@Amanda
put a totally wrong and misleading info here

so, have you you and you hired your bangla to camping? what is the market price for bangla now?

I am really wondering if this project is launch during Christmas, better call the developer and check, they just said recently, will launch in Q1 2012. Is it a prank? Christmas prank?

Or, the developer want to quickly let people book first, else, there will be more and more ‘middle end’ condo launch in first half next year;- The Wave, The Curve, Silverdale, Raffles Tower, The Address, Southbay Plaza, and many many more. While, looking at the economic is very uncertain and now more and more factories in Penang start freeze hiring, and retrench by layoff (this is our hottest topic now). You would know better than me

You’re absolutely right. More than 10 MNC in Penang Island is having ‘layoff’ program since couple month back and will extend till next year, it is just a begining. But, there are more and more new factory coming in, and do hiring too. I think the impact is just our self ‘affraid’ of job security. Anyway, now is the best time to sell property with highest price before the ‘confident’ of people further drop in next year due to uncertain economy.

No need hire bangla, i can queue for you, RM200 per night. Or, i can sell to someone on the day of launching for RM5000 if i queue in first few places.

@economy crisis, can you name the 10 companies that you mentioned which have started the layoff?

Fairchild for start, they already retrench ppl and having shutdown on last quarter 10 days.
then what about plexus?? they’re too having frequent shutdown and the most recent would be coming after christmas 27th Dec.

Going to launch this coming 24/25th Dec’11. Received invitation letter today.
It’s by invitation, need to bring original copy of Letter of Invitation.

Sorry typo error. Launch as below..
DATE : 23 & 24 December 2011 (Friday & Saturday)

more than 2000 ppl register for 400++ unit house… lol good luck…

how much is the monthly maintenance fees approx?

I think it would be around RM0.20/sf. inclusive of sinking fund.

@Pen
Wah, you still not aware of few company layoff people? I have friends and relative working in several factory, so i know…haha…can’t list all here la, keep it for lunch talk.

Company ‘A’ is already kena many people, just happened last week.

A for Agilent, Avago??? A for Apple??

is the price still start from 260k ?

Economic Crisis, mind to share? i cant join you for lunch talk mate

Alvago laaa

The location is not worth the price with current economic climate; after 3 years, the condo in Penang is going to be very oversupply. Only proffesional will tell you it’s not. Mainland is growing more faster than Island on their industry, so, the population will move to mainland dramatically (Batu Kawan/Science Park and Seberang Perai Utara industry area, and Kulim high tech park)

@:)
No need to guess la, tell you, it’s AMDs, and many factories actually cut people, or move their division back to USA (Obama’s good job), so, need to cut people, and be ready for the worst to come next year. The economic crisis is yet to come, stay tune, be ready.

Citibank cuts 4000 global workforce! Anything more to hide? Company ‘A’ as mentioned above cut 1000 global workforce (Penang only kena some only). Want to hear more, they are many.

A for AMD

“Why don’t they re-employ foreigners after terminating locals as this has been
the government way of reducing cost ?” A country with bad administrations
and has no sense of direction.
Not only Penang, in fact M’sia depends on ‘borrowed technologies’ so you have
‘borrowed economy’.

Yes, anyone know the selling price for this project?

Try google around. AMD always cuts job. It happens from year to year. nothing special lar. Try search jobstreet, Avago, Plexus, BBraun, Osram, Dell, and many more are hiring .

whatever it is, I’m sure it is going to be long queue! Hopefully not someone just trying to give a wrong perception here so that he can get queue #1?

yeah…i was think that too……
a lots will talk cock here and in the end being the first to go to place booking…….
btw nowadays very hard to find a new apartment with 900sf, freehold, near to bayan lepas.

last time economic crisis, ppl predict penang property bubble will blow, what happen??
nothing happen and nothing change, ppl keep buying property to hedge against inflation (for Penang ppl at least).

@SK king
King, last time and this time not same lor….last time condo units not that much lor….this time, the quantity of condo in penang island double up the quantity in 2008 (will more than double in year 2014). Our population double up ar?

@WK
Selling at abt MYR311/sqft. There are total of 323 units and over 2000 letter of invitation had been sent out. I think long queue up and over night will be expected.

@Ah Dog

you’re correct but do you know how many of ppl everyday travelling from Farlim, Paya Terubong and Air Itam to work at Bayan Lepas?? I know because i live here at Paya Terubong.
It was sheer inconvenience every time it raining, i will be late to work.

That’s why we have so many youngster buy/bought house/apartment/condo in Bayan Baru area.
Then again there are new setup company here from the like of National Instrument. that bring more employment here, the old one like Agilent, Motorola and Western Digital were eager to snap up those fresh grad available.

I did mention that “sub-con” were on cut cost (ie more shutdown) but not retrenchment.
Those like Fairchild and AMD were perennial issue due to their company policy and profit.

BTW i am working at MNC at Prai but i intend to buy a apartment/condo on the island because of amenities available here.

Look at Bayan Baru, we have shopping complex, ie QBM, Sunshine and Giant.
We have hospital, Pantai although expensive. We have school nearby. We have convention Center (Pisa). We have Wet market. it is really convenience nowadays compare to last 5years ago.

but of course the main attraction of the Sierra was it cost. Let’s hope it could be completed in 3 years. Amen

@SP

Where you get the figure of RM311/sf, 2000 invitation letter ??
can share a bit??

It’s should be 289/sf (lowest floor)……..2000 invitation letter??…don’t mention it. 1 Big page of advertistment at Kwang MIng….at least 3000ppl flood in during that day…
There are still alot of market in this price range condo but unlikely for mid-high category. Not suitable for thoes looking for good rental yield and investment

Hi SP,

Thanks for the update.

Hi SK king,

Yes, start from RM311 per sqft because the selling price from RM280K onwards and smallest unit is 900 sqft.

What the rush, ‘Belacan’ area. More people better.Make it like fish market.

the price is so high…RM311/psf for belacan area and above shoplot unit… fiera vista is just selling RM330/psf with almost full facilities with no shoplot below…

@lol

the price high?? what a compare with Fiera Vista, what the starting price for the Fiera Vista, mind you?? Full facilities?? sure la, included into the price. RM478k for how big the unit??

make it the price per sf higher than the Sierra, mind you Sierra intended for those “lowly paid” engineer like me, who miss out on D’Piazza and looking for 300++/sf but find that Arena, Elite too expensive at 400/sf.

Belacan or not, still got some ppl condemn that DPiazza low quality but it is still selling at 400k+. So for those who like to condemn Sierra for whatever reason, please continue, there no point in talking sense to you. We have it for own stay not investment.

For those who like to compare, please this one is low quality la, no facilities la, like we care, how much time you guys spend on GYM, swimming pool everyday?? Facilities, it is good to have but not a necessities. We need more affordable home.

@SK king

Yes, agreed with you. Even Fiera Vista & Sierra selling price per sqft roughly the change but the smallest sqft for Fiera Vista is 1400 sqft Bigger by 500 sqft equal to increment RM180K. So, both can’t compare depend on affordability.

anyone know the prices for the biggest unit (1182sf)??

Based on per sqft RM311, shld b RM370K onwards. Still below RM400K Most of the info not finalize yet. Is it interest subsidy during construction and which is the panel bank?

wah….like that i can only afford 900sf one only huhu~~~~

@WK
you got the offer letter?? if got we can go there and select unit already 😀

@SK king

Yes, I do have the offer letter but the most important thing is when start the Q? 1 or 2 days b4 or even longer? Any contact#?

lol, SK King you are desperate buyer… it is easy money for the developer if there is more buyer like you. You are those buyer who mark up the price of the property here. Even the house build with low quality and no facilities you also sapu cause it is affordable for you, who care right as long as you able to buy it. Your attitude apply to those richer society too and this cause you to suffer nwdays.

lol :
lol, SK King you are desperate buyer… it is easy money for the developer if there is more buyer like you. You are those buyer who mark up the price of the property here. Even the house build with low quality and no facilities you also sapu cause it is affordable for you, who care right as long as you able to buy it. Your attitude apply to those richer society too and this cause you to suffer nwdays.

Let me understand this. So if SK King buy this property at the advertised price, he is causing property price to increase and will caused him to suffer financially?
So please enlighten us people here which property to buy at our income level or which you approved of? Oh let me guess, FV. Guess sales must be pretty bad isnt it?

@lol
PITY YOU, it seem that you’re the one that is foolish here. if cheap you complain not enough facilities or poor quality, if expensive cannot afford. who the fool here??

like this FOREVER you cannot buy any house…..poor chap……so short sighted.

Who care what you said, i and WK will go and book one each.

I would suggest you guys go and queue from early morning on 21st Dec. No joke, or better go to the office and see at 20th Dec night time.