@KiamHoo
after Jusco move out, Bandar Perda become ‘dead town’, price of property here drop, good luck for u to find buyer(s)…

Mok :
@KiamHoo
after Jusco move out, Bandar Perda become ‘dead town’, price of property here drop, good luck for u to find buyer(s)…

Mok gor, Packson will take over the mall to continue business. Sunway also focus on the nearby area to expand his land bank.

位於威中柏達鎮的永旺（AEON，前稱JUSCO）購物商場將在4月15日停止營業，並遷往阿爾瑪的新址。據悉，百勝百貨公司（PARKSON）將入駐該商場，並會用數個月進行裝修，然後易名開業。

I am not BMC Mall buyer but dont hope the project fail because too many abandoned project leftover in last economic crisis at BM. No point to see those building build half way or left in blank.

There are plenty of ppl keep hoping property price to go down, and keep promoting the negative non-data base rumour, i can surely tell that you can slow slow wait, even property transaction is reduce nowadays, but it’s price will not be going down…GST is coming soon. hehe :). Btw, Parkson will move in there as what i know also.

Chocolate :

Mok :
@KiamHoo
after Jusco move out, Bandar Perda become ‘dead town’, price of property here drop, good luck for u to find buyer(s)…

Mok gor, Packson will take over the mall to continue business. Sunway also focus on the nearby area to expand his land bank.
位於威中柏達鎮的永旺（AEON，前稱JUSCO）購物商場將在4月15日停止營業，並遷往阿爾瑪的新址。據悉，百勝百貨公司（PARKSON）將入駐該商場，並會用數個月進行裝修，然後易名開業。
I am not BMC Mall buyer but dont hope the project fail because too many abandoned project leftover in last economic crisis at BM. No point to see those building build half way or left in blank.

Property prices will never go down than purchase price, it’s a matter of time whether the selling value would go up in shortest time after completion or not. We shall see…….

No matter jusco is there or not, u just need to take a ride to banda perda then u will know the true. People is giving kind warning. Be grateful. Wisely spend your hard earn money

Guys,please check out everything before giving any negative comments here.Parkson will take over
the mall,it must be better than Jusco.

Pass by the area just now, looks like construction in 5th floor now.

Can I y Jusco move out? no business? land gt problem? or anything else? Parkson things more expensive compare to Jusco, I dont think Parkson will be better than Jusco.

@==
it is great to know Parkson come to replace Jusco, look at Sunway Carnival, Parkson is doing well, I just want to see this area ‘ong’ rather to leave empty, it may affect price of property of Bandar Perda.

Join us in www . facebook . com / groups / bmcitymall / (remove all the spaces). This group is meant for existing buyers and potential buyers to share information.

Please refer to the link, its really a big issue for assessment, electricity & water bil.
https://www.penangpropertytalk.com/2014/04/one-voice-against-rates/comment-page-1/#comment-216990

At penang 1,160sq ft to 1,450sq ft cost RM2,350 and RM2,884 per yr for assessment.
The property we bought is stated ”commercial suites” not SOHO.

I checked our purchase agreement,
1) The bulk meter (ESA) part only stated the rate charge will not higher than TNB rate base on commercial usage which is 2 times higher than residential. There is no 30% cheaper stated in agreement as told by Manager at bmcity.

I m 1st batch buyer, i bought on Feb 2012 Queensbay mall fair. already more than two years now can see only 4th floor. Due to the agreement stated 3+2 for completion we cannot claim late penalty. please read your agreement properly, even not enough building material or bad weather also allow developer to extend completion without penalty.

This is not under HDA (housing development act) standard agreement, usually buying a property bearing commercial title the terms in agreement is not protect buyer.
agreement draft as they wish, nothing concern with home ministry dept, no need to apply for developer license.

@PPP

I had check with MPSP before,they said assessment fees is different with Penang Island.
In mainland,
*Cukai Pintu~RM7500 x 10%…is about RM750 per year for 1000sq commercial unit.
*Cukai Tanah~RM1.08 x 92…is about RM99 per year for 1000sq commercial unit.

oh yes, for commercial properties, developer can write what ever they wish in S&P, not bound by the standard S&P for residential. i am sure the S&P is written in such a way that no matter what happens in the end (abandon project, 10 years delay, disputes etc), the developer wins. those who bought BMCity, you have fallen into a big deep trap. those who did not buy, you’re lucky. those who almost bought, but end up did not buy, you guys are super lucky!

curiayam :
oh yes, for commercial properties, developer can write what ever they wish in S&P, not bound by the standard S&P for residential. i am sure the S&P is written in such a way that no matter what happens in the end (abandon project, 10 years delay, disputes etc), the developer wins. those who bought BMCity, you have fallen into a big deep trap. those who did not buy, you’re lucky. those who almost bought, but end up did not buy, you guys are super lucky!

I’m sure you are one of those UNLUCKY….

@2014Buyer
Agree with ur comment,really dont understand why they always like to talk about the histories…and different developer.What is their purpose for those posted out the negative comments?

For those give knn comments nothing advance to you.
As buyer we need to believe our own investment.

@Penang I think you are too defensive on comment, some of the comment might telling the truth like mine. We believe in our investment, But there are risk needed to be mitigate and the right for buyer. Recently i knew a banker and i show him my S&P. The developer had make advance 20% claim compare to residential property. Base on current stage of construction, developer should only claim 20%, but they had already claimed 40% before construction reached our unit.

Yup, i asked bank before and loan have been released 40%. Since the developer paying loan interest, i don’t care about it.
I get 90% loan from BSN, my banker told me that the approval for this property is under residential, while the property stated with commercial title. It is a conflict and will this affect my loan in future? did BSN know this is under commercial tittle not SOHO?

@2014Buyer Please don’t talk coXk at here, it doesn’t help at all. We are here for real information sharing and looking for solution.

Wah, build 20% claimed 40%. At least claimed 70 Million d. so high risk. Pray to god the developer won’t run away with the cash like Goh Chun Lxe…

this is because this development is not under HDA

YT :
@Penang I think you are too defensive on comment, some of the comment might telling the truth like mine. We believe in our investment, But there are risk needed to be mitigate and the right for buyer. Recently i knew a banker and i show him my S&P. The developer had make advance 20% claim compare to residential property. Base on current stage of construction, developer should only claim 20%, but they had already claimed 40% before construction reached our unit.

Please share what you mean they claimed advance 20%? I have few questions:

a). You get a loan from which banks?
b). On 40% claimed, please share your breakdown for each of 10%.
c). Did you received any letter from the bank or developer that the 40% already released or paid to developer?

As for my understanding, so far they only claimed 30% (Not included 10% from our down payment) because the stage already done from (2.a) to (2.c). Each stage is 10% claim. From 2.d onwards they will make another claim from the bank. 2.d is the stage where the construction reached your unit and they would start to claim from the bank. Before they claim, architect will sign and approve the construction stage. I don’t think bank will simply release the money. Please read carefully your S&P and a letter from the banks or billing letter from developer. Please correct me if I’m wrong. Thanks.

This is public forum. Anyone have their own opinion and just respect it. Not to tell off somebody or said those giving their comments only talk cock or whatever. If any one of you feel so easily offended on comments given, just stay away from this forum. Just be mature, grown up and respect this website please. These are just my opinions.

MsiaKini :

YT :
@Penang I think you are too defensive on comment, some of the comment might telling the truth like mine. We believe in our investment, But there are risk needed to be mitigate and the right for buyer. Recently i knew a banker and i show him my S&P. The developer had make advance 20% claim compare to residential property. Base on current stage of construction, developer should only claim 20%, but they had already claimed 40% before construction reached our unit.

Please share what you mean they claimed advance 20%? I have few questions:
a). You get a loan from which banks?
b). On 40% claimed, please share your breakdown for each of 10%.
c). Did you received any letter from the bank or developer that the 40% already released or paid to developer?
As for my understanding, so far they only claimed 30% (Not included 10% from our down payment) because the stage already done from (2.a) to (2.c). Each stage is 10% claim. From 2.d onwards they will make another claim from the bank. 2.d is the stage where the construction reached your unit and they would start to claim from the bank. Before they claim, architect will sign and approve the construction stage. I don’t think bank will simply release the money. Please read carefully your S&P and a letter from the banks or billing letter from developer. Please correct me if I’m wrong. Thanks.

One more thing, I believed 30% claimed at the moments are for those condo buyers. For those shop lot buyers maybe banks already released more than 30%.

@ST Penang lang
I am working in China Shenzhen, been to Shanghai Suzhou Hang Zhou…. Malaysia nothing compare to Shenzhen where the price per square meter now is over 70,000 RMB working to square feet is 3500 RM per square feet… so it is normal in China has slight, The average salary for an operator is comparable with Malaysia (may be slightly more expensive due to need to support dormitory and food subsidy…).. So Malaysia is very very cheap,,, The china is opening the door towards financial centre of Asia… Some Shanghai high paid engineer bankers now is highly paid may be over 20 K RMB or more than 10K RM…. so be prepare for the inflation created by the aggression of globalisation… it is too sad that Malaysia is unprepared for this… Looks like Singapore in 1960s has forsaken Malaysia is a right choice, if not they be dragged…..

@val
China price is super crazy, don’t expect this to happen in here, only a speculative market like China can allow for this. Don’t measure prosperity by income number but real purchasing power, if your salary is high but can only fulfill your basic need then it’s meaningless. Ask those average Singaporean can they own a car or not ? then you will feel lucky you as an average Malaysian can own a car… my two cents.

@Nstar

val claims to be working in shenzhen china, but I think he/she is not in the circle of “professional property speculators” in china, therefore not having the opportunity to see how they speculate…:)

@Nstar

And you are absolutely right, OVERALL real purchasing power is one of the main measures of quality of life, apart from psychological well being, creativity, and happiness outlook.

@chilli
I don’t wish Malaysia / Penang becomes another Hong Kong or Shanghai, in there average people work their whole life just to own a small condo, those Chinese are pity and we don’t have to follow them. House is not for speculate otherwise our next generation will suffer.

heard from the developer office the OC only be obtain on 2016…..

IF constructed 20% but claimed 40% is a true case (which I don’t know), it’s not surprise too, it can be done. Well, the scenario can be like this:
Developer submitted (tried), architect approved, lawyer noted (or not verified it), bank released it and buyers surprised but diam-diam, worried to confront developer or not highlighted it as concern about bad publicity to the invested project. So, it goes on.
Note : Architect and lawyer and sometime banks are actually appointed by developer, so, you know lah. Developer/contractor also need cash for rolling esp before CNY to give bonus to staffs, pay debts and etc. However, IF this is true, it is not right, not follow SPA progress payments schedule.
Just sharing my past experiences, no offence to any parties.

Val> Looks like Singapore in 1960s has forsaken Malaysia is a right choice, if not they be dragged…..

Val- you are wrong. Its Malaysia who got rid of Singapore. The Singapore made documentary even show the Forsaken Prime Minister? Dropping A Sad TEAR !

Hi Yuki,
‘I am not wrong, it depends.. Sad in tears or Regretted in Tears for his action ? .This is politics… it is a propaganda no one knows who thinks what….The reflection of truth depends on who interpreted it…I think LKY has made the right choice at least he has helped and done well for his country men… We hope we have such calibre leader…

First of all,imagine all ur neighbour units are office, every morning and afterwork time, you have to share those lift and carpark way with those workers.
2nd, you pay high fees for facilities, but all the workers in one office are entitled to use those facilities(extra admission card is available).
3rd, outsider are easier to come in and use all the facilities by leading by owner due to this high population and crowded and commersial title properties.
4th, if not crowded, but a lot of buyers are investors, they just buy for rental purpose, and no much people to rent a small office with high rental, then will be a lot of empty units, and may be lack of maintanance fees paid and less advertisement income, so the 36 facilities will end up nothing.
Crowded, noisy environment, or vise vesa empty building, this project is definitely not a good choice for investment, if this is a residential title, then will be much more better

Already 95% sold out,so no need to continue with the negative comments…Just wait and see it.How come outsider are easier come in to enjoy the facilities?Must be hv a limit to apply extra access card per unit. I believe management will be handle well of the facilities and the security problem,because they hv enough maintenance fees to cover all of these small issues…dont worry.If I want to get a unit for office purpose,I rather choose the office unit…more easier for staffs and customers to get in.Do u think ppl will open a office in the suite to let their staffs to enjoy the facilities and everytime need to go down to get their customer in?I dont think so…

@Penang

“Do u think ppl will open a office in the suite to let their staffs to enjoy the facilities and everytime need to go down to get their customer in”

Yes, it will be perfect as “extra service parlour”. You would surely see lots of china dolls around. Enjoy!

@Kedah
If u are not a buyer here,just get away from here.

@Penang
Why not buyer cannot comment? this page belongs to buyers only? why 95% sold out then no point to say negative comments? I plan to buy or rent a unit for my branch office, i think i have the right to know the pros and cons from everyone, before i make decision. The developer even take care on the comments here and make some improvement regarding the SnP, and now you dont let people to comment here?

Kedah :
@Penang
“Do u think ppl will open a office in the suite to let their staffs to enjoy the facilities and everytime need to go down to get their customer in”
Yes, it will be perfect as “extra service parlour”. You would surely see lots of china dolls around. Enjoy!

Agree, not every type of business need customer to come indoor, and this nowadays we got something call internet. People that say this kind of things they do not think in business people point of view, they just listen the good things from the developer, then dont let other opinion to come in anymore. This is not to create worry among the buyers, but let the buyers to think about the potential problem and can get ready to face it. please use internet with open minded.

@Penang
“Do u think ppl will open a office in the suite to let their staffs to enjoy the facilities and everytime need to go down to get their customer in?”
Yes and i am the one who care my employees benefit, now all seven of my employees i register them to “Power Master” gym center to let them excercise after work. If i rent one of the unit and i can save those member fees, i sure will go for it.
By the way, let me give you some example of business that do not need customer to walk in: credit card outsourse/travel card HQ/software design/interior design/insurance agency, all these business meet customer outside. open minded, please.

@Only Good Comment
You want to buy a suite to hv a branch office there?Ok,go buy…dont just talk talk here.This project launch since 2012,if u really want to buy…why until now still not make decision yet?I can accept negative comments,but pls dont talk about brainless things such as China dolls.

I run a few “extra service parlour” in Butterworth. This project sounds ideal for my business, my customers can go for a swim with my china doll, and then workout together at the gym, before they go back to their “nest” upstairs and “hantam”.

@Kedah

@Only Good Comment

Wonder if this is the same person with different ID or known each other? Yes.. This forum open to everyone regardless buyer or not buyer. The only different is buyer comments more on fact and open discussion while non buyer just giving negative comments……. This is my opinion.

Kedah :
I run a few “extra service parlour” in Butterworth. This project sounds ideal for my business, my customers can go for a swim with my china doll, and then workout together at the gym, before they go back to their “nest” upstairs and “hantam”.

You must be out of your mind! Your comments doesn’t help anyone here regardless buyer or non buyer.

@Penang
Penang, i do not pay attention on this project at 1st until last month one of my employee mentioned this to me, then i start to have idea to make my office in place with facilities (more high class) place. The Type B suite suit my office needs. now my consideration is the price or rental, now units left at developer are not near 7th floor, where the facilities allocated.
P/S: i dont know Kedah at all, and i totally disagree with china doll business in this properties, if really have, then i will not consider this location anymore.

@Only Good Comment

Why? What’s wrong? This can be one of the perky for your staff. Oops, sorry, spelling mistake, I meant perks.

here become a place to argue & fighting, sigh.. what for?!

Kedah :
@Only Good Comment
Why? What’s wrong? This can be one of the perky for your staff. Oops, sorry, spelling mistake, I meant perks.

Red eye syndrome. Only Tanjung Rambutan can help you.

@Only Good Comment
If I’m not wrong the suite was changed for residential purpose instead of office. Please look at the layout floor in sales gallery office.

MsiaKini :

Kedah :
@Only Good Comment
Why? What’s wrong? This can be one of the perky for your staff. Oops, sorry, spelling mistake, I meant perks.

Red eye syndrome. Only Tanjung Rambutan can help you.

Ya, i think Kedah is the main sabortager here

MsiaKini :
@Only Good Comment
If I’m not wrong the suite was changed for residential purpose instead of office. Please look at the layout floor in sales gallery office.

Really? but still under commercial title right? if still under commercial title then i think cant stop for people to use it as office, unless all the owner agree do not rent out for office purpose (which i hope wont happen =p)

Only Good Comment :

MsiaKini :
@Only Good Comment
If I’m not wrong the suite was changed for residential purpose instead of office. Please look at the layout floor in sales gallery office.

Really? but still under commercial title right? if still under commercial title then i think cant stop for people to use it as office, unless all the owner agree do not rent out for office purpose (which i hope wont happen =p)

Wonder how in the end the thing will turn out. But I believe mostly prefer for own stay. The facilities suitable for high earn condo style.

@MsiaKini

What is high “earn” condo style? What style is that?

Hahahaha……high “earn” condo style! So this is the type of people staying in BM City? Hahahaha……

@mykuali

@chili
Everyone have their point of view and look at thing differently. I don’t need to elaborate more bout it esp with the ppl that can’t be open minded. Idiot!

Yes, I agree that “Everyone have their point of view and look at thing differently.” and I am a very open minded person really. But what is high “earn” condo style? Hahahahaha

@chili

Aiya just leave MsiaKini alone la. He is just an property agent trying to make a living, no point to bad mouth BM City when it’s reputation already so bad.

@MsiaKini
No need to care their bad comments,I agree that the 36 facilities is suitable for high-end condo style.

good properties only will attracted red eye ppl n many 枪手 to comments such as way. Please la! Argue with them only wasting ur energy. Pointless.

Cant be deny this project will be a high end condo if all happen as planned. the 36 facilities are so attractive for some catogeris of buyers, especially investors who plan to rent to foregner. I dont buy this project but Dutamas because i prefer simple facilities (having bad experience with bad maintanance commitee and never-pay-maintanance fees neighbour). I hope this project will success so will bring convininent to Dutamas owners as well =p

Ayesha :good properties only will attracted red eye ppl n many 枪手 to comments such as way. Please la! Argue with them only wasting ur energy. Pointless.

not very agree with Ayesha that ppl with negative comments are red eyes on this project, as this project really having some negative side for people to comment on, more negative comment will make owner more alert and monitor on developer.

@BM City

“…36 facilities are so attractive for some catogeris of buyers, especially investors who plan to rent to foregner…”.

Foreigner? Ang Moh expats? or Banglas?

Ayesha :
good properties only will attracted red eye ppl n many 枪手 to comments such as way. Please la! Argue with them only wasting ur energy. Pointless.

Negative comment is not from red eye ppl. Some from good ppl to highlight the negative points to let other know before decide to put money in. Property that cant get buyer is not suitable for invest. Perda shoplots r failure. Retails lots future down there is doubt. Some ppl give negative comments just to trigger buyer responds to defend. U will understand, enjoy see how the owner react at shineville park forum. Ppl like to mention high end condo sit on graveyard. Quite funny

@kokkiong

I think BM city is talking about ang moh, common sense, do you think bangla can afford this unit rental, and RM800 per year for the club membership?

@GF,

Ang moh? Hahahahaha!! Good luck then! Ang moh don’t even want to stay in south part of island! BM? Hahahahaha!!

@kokkiong
His opinion mah.. You also don’t know whether ang moh want to stay in BM City or not. Very clear point is that you are not making decision for ang moh whether they should stay in BM or island. You are just acting like some moron….. Hahahahaha………………

Many people think ang moh prefer to stay at penang, and is true, but, the important thing is, where is their company or factory located, and the company budget, now more and more ang moh stay at butterworth compare to last time, becoz living cost at island too high

GF,

Hahahaha….again, that shows you’re a green turtle in property investment! You have no idea AT ALL what you’re talking about. I was very tempted to tell you more, but, people might curse me later, so i’ll save all the hassle! Gook luck to your ang moh!

GF :
Many people think ang moh prefer to stay at penang, and is true, but, the important thing is, where is their company or factory located, and the company budget, now more and more ang moh stay at butterworth compare to last time, becoz living cost at island too high

Agreed….

GF :
Many people think ang moh prefer to stay at penang, and is true, but, the important thing is, where is their company or factory located, and the company budget, now more and more ang moh stay at butterworth compare to last time, becoz living cost at island too high

You have no idea what you are talking about. The ang mo that come here prefer to stay at Gurney no matter where their office is. Example: a lot ang mo for FIZ company all stays gurney areas. They don’t mind long travelling distance. Eastin or vistana hotel around bayan lepas is not their preferred choice even they can walk to the office.

Eventually property bubble in Malaysia will crash, expecting capital appreciation on your properties —–is simply a joke. Bank Negara gonna raise interest rate this coming July….

@ST Penang lang
Good la. Property price in Penang is unhealthy. A 50% correction is badly needed. Nowaday most condo in Penang Island is empty.

Wah, this project forum is so hot liao. I think hottest in mainland, overtake Orange Villa used to be. It is now Shineville Park of mainland.

well, if not bought in 2012 might be a blessing also, otherwise, would had worried for last 2 years and still worry, probably for another 2 years ? Hopefully not.
I need all the condos in BM, BW to complete soon so that I can web swinging lah.

ST Penang lang :
Eventually property bubble in Malaysia will crash, expecting capital appreciation on your properties —–is simply a joke. Bank Negara gonna raise interest rate this coming July….

Even if there is a hike, it is done in a way to stabilise the market, and not destroy it. BNM would not want any financial/economy/property crash.

I expect market to soften, but not crashed. That’s mean property prices will pretty much stagnant or minimum +/- fluctuation.

50% discount? Close to impossible.

In mainland, condo will be in much higher risk compare to landed property during slow market.

@Sam
+- 50% fluctuation is possible for condo in Penang island. Overpriced landed property in mainland also high risk. Example is RM700k 2st in Jernih, BM. But at least landed property in mainland can sell. For condo in mainland, you can’t even sell it. No one wants.

kokkiong :
GF,
Hahahaha….again, that shows you’re a green turtle in property investment! You have no idea AT ALL what you’re talking about. I was very tempted to tell you more, but, people might curse me later, so i’ll save all the hassle! Gook luck to your ang moh!

Hahaha..this show you are the one who are green, now my friend company start to change their strategy, allocated foreigner worker here(ang moh) at mainland due to cut cost! Bro, not all ang mah come here mean high management level, company will not pay all the ang moh technician here for gurney and or Georgetown accommodation, mainland start to be their choice, thats why now the seaview project near butterworth jetty there now increase like rocket! higher management will still stay at gurney area, but technician or lower level executive come here, they will be around BW and BM!Even intel now start to sack 5k employees globally, do you think they will still pay high cost on accommodation for technologies transfer?hahaha.. either you are newbie or old people that do not change thinking

Some of u ppl wants island properties to drop 50% huh. But ur BM area properties will still be sky high huh… Wake up lar. If properties drop 50 %, means large scale retrenchment, economy crisis, political unstable. Maybe u will b jobless, ur bf/gf will be jobless too…u still dare to buy property? Island empty units means rich ppl hold it, how frequent do u see those empty luxury condo for lelong? Work harder, don’t simply change phone or car.. Save money lar..

@None
It’s not we want. You need to ask around. You go ask agent. They know the current market condition. Only 300k-400k property can move a bit.

Sentiment is not good for property investment now, understood. But I m not agree that buyers rather buy 300 to 400 k property in BM, then 500 to 600 k properties in island. I have nothing against BM, I almost purchased orange villa project before.

Only Good Comment :

kokkiong :
GF,
Hahahaha….again, that shows you’re a green turtle in property investment! You have no idea AT ALL what you’re talking about. I was very tempted to tell you more, but, people might curse me later, so i’ll save all the hassle! Gook luck to your ang moh!

Hahaha..this show you are the one who are green, now my friend company start to change their strategy, allocated foreigner worker here(ang moh) at mainland due to cut cost! Bro, not all ang mah come here mean high management level, company will not pay all the ang moh technician here for gurney and or Georgetown accommodation, mainland start to be their choice, thats why now the seaview project near butterworth jetty there now increase like rocket! higher management will still stay at gurney area, but technician or lower level executive come here, they will be around BW and BM!Even intel now start to sack 5k employees globally, do you think they will still pay high cost on accommodation for technologies transfer?hahaha.. either you are newbie or old people that do not change thinking

I’m agreed with you. Time will prove it.

None :
Sentiment is not good for property investment now, understood. But I m not agree that buyers rather buy 300 to 400 k property in BM, then 500 to 600 k properties in island. I have nothing against BM, I almost purchased orange villa project before.

Hardly see new launching project in island for 500k to 600k. Can advice me which property in island 500k to 600k now? What is the sq ft size? Even if have 600k, it’s still expensive for me. How many ppl esp with middle income can afford such prices?

@2014Buyer
600k is really still expensive. 400k is the max that 40% engineer can afford. Above that, only 20% manager and foreigner can afford. Remaining is 40% that can only afford to rent or below 200k properties. That is why Penang property is not healthy and is going to collapse.

Mau beli :
@2014Buyer
600k is really still expensive. 400k is the max that 40% engineer can afford. Above that, only 20% manager and foreigner can afford. Remaining is 40% that can only afford to rent or below 200k properties. That is why Penang property is not healthy and is going to collapse.

Government really have to do something to control all these property speculation as the prices are too expensive……

Already plan to have 390 per soft affordable housing area in paya term nog right, and batu kawan will be next area for affordable,

2014Buyer :
Government really have to do something to control all these property speculation as the prices are too expensive……

Bank Negara already did. If you read recent news, 60% loan rejected. Foreigner cannot buy below RM1 million property. I check agent. They find it hard to sell any subsale house above 400k. Market condition is very bad.

property price will never decrease, just may be increase slowly or stagnent, just imagine, if you hold a house, then the market price now is only 80% of the price you bought, will you sell at that price? for sure wont! you will just hold the unit and wait for better offer! economic crisis will over. Now what government should do is to reduced buyer from other country, if only local people play in the market, the increment of the price is limited, just refer to bangkok. Even in the middle of city, 2DST is only RM180k to 200k, because thailand government never allowed foreigner to own a property or land at thailand especially bangkok!

@Only Good Comment
Everything go up must come down. The house price now is out of affordability range. No demand. Price is coming down actually. You can start survey the place you like.

checkout :@Only Good Comment Everything go up must come down. The house price now is out of affordability range. No demand. Price is coming down actually. You can start survey the place you like.

ya price sure decrease due to ppl will less, 1 family only can have 1 child, land will bigger, gov will cover the sea become land then build many house over suppyl.

@==

Haha, yeah, you’re right, maybe that explains why there are so many unoccupied properties everywhere. There’s definitely an over supply.

+|+ :
@==
Haha, yeah, you’re right, maybe that explains why there are so many unoccupied properties everywhere. There’s definitely an over supply.

change ID again?

from Concern buyer -> Mau beli -> checkout -> +|+. You win liao lor.

@checkout
are you sure this theory true for everything? dont so confirm with ur own thoery, look around. will petrol price come down? will living cost come down? will inflation come down? all this things will not come down and as a result housing price will not come down, becoz the building cost keep increasing! the housing price at KL already long time out of affordability, now still up trending, the housing price at HK and Singapore more out of affordability, so tell me when the price will come down?

Mau beli :

2014Buyer :
Government really have to do something to control all these property speculation as the prices are too expensive……

Bank Negara already did. If you read recent news, 60% loan rejected. Foreigner cannot buy below RM1 million property. I check agent. They find it hard to sell any subsale house above 400k. Market condition is very bad.

so what is the result? developer build more expensive property so that foreigner can buy.. RM 1M is just less than 400k for singaporean, this is not a problem for them. Developer alwaz got way to increase the price, the offer rebate, they offer more facilities, the build bigger area or higher condo, they offer fully furnish, they offer guranteed rental for 2-3 years, this are all the tactics they used and continue to use. Government cant do anything on this as all the developer have relation with government.

If he knows when price will come down, he will be god and a billionaire lar. he missed last cycle, that is y everyday praying price to drop 50%, so he can start buying ma…

Actually, island still have affordable properties.. Serena bay, u garden, relau I day, lip sin, n park, gambier height,Idaman lavender,…all these properties less than 400 k…just don’t understand y ppl keep complaining island do not have 400k properties..

@None
those are subsale and old property, i dont think got any new property at island lesser than 400K. Gambier height 1998 year condo already 380k, last year Febuary only 280k

None :
Actually, island still have affordable properties.. Serena bay, u garden, relau I day, lip sin, n park, gambier height,Idaman lavender,…all these properties less than 400 k…just don’t understand y ppl keep complaining island do not have 400k properties..

I want new property 400k in island. Do you have any that you can recommend to me? Because i prefer new property and i would like to decorate myself the unit.

@None
Do you know which new property selling for 400k in island? If have please let me know.

One thing can explain price may drop if economy crisis is malaysia still has plenty of land, thats y u will see never finishing launching of new projects. Lets cheer for new launch

There are many theory saying that the property price may drop next year. I have been hearing this since 90’s especially during 1997 recession but Penang property prices are still holding. I do hope the price will drop to pick up some good buy but was disappointed year after year. Same story going on now. Should I wait again?

@Pg Islander
It will not drop to 1990 level. But it is already dropping for sub sale properties. You don’t have to wait. A lot of subsale condo cannot sell. They willing to give you 20% discount if you ask. Only valid for certain location. For prime location, only can get 10% max if the seller is having financial problem.

@Pg Islander

What? You mean you have been waiting since 1997 and didn’t manage to get your hands on any bargains? I think you are not very smart. *sigh* Well, pretty much nothing you can do about that, it’s in the gene I think.

Please define “price drop” & “bargain”, don’t mislead people lah. No matter how much it drops, you won’t get the original selling price, can you?
Conclusion : Don’t wait, just buy when you think the price is reasonable.

Pg Islander :
There are many theory saying that the property price may drop next year. I have been hearing this since 90′s especially during 1997 recession but Penang property prices are still holding. I do hope the price will drop to pick up some good buy but was disappointed year after year. Same story going on now. Should I wait again?

If you brought in 1997, by now, you already a millionaires.

I bought a condo for 20% below previous asking price in year 2000. Although the capital appreciation has been good, the best thing is, the rental that I am collecting today is still higher than my mortgage installment. I am in the final year of my installment, and for the last 13 years, someone else has been paying my mortgage for me. God bless.

@papadam
2000 Year price still have positive rental yield.

If buy condo now, you get negative rental yield. LOL.

@Only Good Comment; MsiaKini; 2014Buyer

So u guys want New condo+ >1000 sqft+ tanjung tokong/pulau tikus/queen bay area? fulfill ur criteria?

If a condo price is RM400K and loan is RM365K with financed MRTA with BLR – 2.4%, monthly installment for 30 yrs loan tenure is about RMRM1700 – RM1800. Including maintenance fee and cost, can the condo rental is RM2000 per month esp in mainland ? RM2000 per month is still consider zero, breakeven rental yield, not positive rental yield yet. Sigh, sigh, sigh.

The rental in Penang somehow is much lower comparing to KL except those with good facilities and security.

@Spiderman

Can condo rental be RM2000/month? My god! Another hill billy from Sg.Ara or PakHai!

Rumours going around that this property developer is no good. Slow and full of lies. True?

Initially I also thought that way but after checking with those in development/construction industry confirmed this developer is trust worthy. The progress is on schedule based on my S&P that only signed in Mar’2014. They are suppose to hand over by Dec’2015. This is their key project that cannot delay or failed as they are planning for more high end projects.

Pg Islander :
Initially I also thought that way but after checking with those in development/construction industry confirmed this developer is trust worthy. The progress is on schedule based on my S&P that only signed in Mar’2014. They are suppose to hand over by Dec’2015. This is their key project that cannot delay or failed as they are planning for more high end projects.

But downturn now. Normally during downturn, a lot of developer run away.

Hi all, do you’ll noticed that in Penang Property Talk forum almost every new projects have few people always post controversial and negative comments that stir the interest of the group. They are using this way to create interest in the forum to attract more people joining. That is where they get advertisement fee from the advertiser. This is my observation after going through few projects as I am looking for good buy for investment.

Pg Islander :
Hi all, do you’ll noticed that in Penang Property Talk forum almost every new projects have few people always post controversial and negative comments that stir the interest of the group. They are using this way to create interest in the forum to attract more people joining. That is where they get advertisement fee from the advertiser. This is my observation after going through few projects as I am looking for good buy for investment.

Good buy for investment? Are you out of your mind? Nowaday developer selling property at future price la. Sure not good buy oredi for investment. But for own stay still ok.

@Concern buyer
What to do if not investing in something. Keep the money in the bank is waiting for them to depreciate for sure if you look at how our government is governing and handling the economy. Year after year there are evident of corruption by auditor general and so far none of the top level official being charged or jailed. If I lost my money through wrong investment decision I can take it but through the mismanagement of the government causing our currency to depreciate is not worth it.

@Pg Islander
If mismanagement and our economy free fall, you think house price still stay like now? During that time, people lose their job. Cannot repay loan. All auction game. Price of property free fall.

If you scared currency depreciate, put in other currency la. You’re playing a very dangerous game.

@Raymond

You are right. They are not even a developer. Zheng De Mai is just an ad-hoc company formed by a few individuals, who don’t even have any experience in this type of development (Soho + mall etc) to take advantage of the bullish property sentiment a few years back.

That’s why the main shareholders had to rope in Richard Tan Ee Seng (an ex-accountant who had only superficial experience in developing 20-household tamans in Teluk Air Tawar) to convince people that they can complete the project (still remained to be seen).

Well, if you guys want to hand over your hard-earned money to these “developers” with “questionable” background, feel free!!…:)

@Concern buyer

“If mismanagement and our economy free fall, you think house price still stay like now”.

Good point!

@Pg Islander

So you mean the reason you invest in properties is because you have no confidence in the economy? Hahahaha!!!

In 1998/1999 I invested in few properties and a lot of my smart friends also laugh at me Hahahaha you are buying the properties now. The economy is going burst and the price will be free fall. Today those smart friends still working for people complaining of things are expensive not affordable. Here I am retired at the end of 50 enjoying stress free life and by right I should laugh at my smart friend but no I am not. I just pity them for not making the right decision at right time. Now I still keep low profile and just laugh at those making smart comments. Anyway thank you at least I know where is your EQ stand.

@Pg Islander
I’m just replying based on your worried that Malaysia economy will be dead. Since 1998/1999 until now Malaysia economy is growing and expanding, of course you earn money.

You’re contradicting yourself. If you believe Malaysia economy will expand further into 2020, please buy property.

Anyway, thank you. At least I know where is your IQ stand.

Something we can learned from successful people.
On April 15, outgoing S P Setia Bhd president and CEO Tan Sri Liew Kee Sin bade farewell to an audience of 1,000 at Istana Budaya in Kuala Lumpur.

It was the opening night for the broadway musical Jersey Boys in Kuala Lumpur. It was also S P Setia’s corporate night. The two-and-a-half-hour show told the story of the formation, success and eventual break-up of the 1960s rock n’ roll group The Four Seasons, with each of the four members sharing their perspective.

Liew in his opening speech gave his perspective of the road ahead for him. His last day at S P Setia is April 30.

He told the audience that the company he started in the 1990s with Datuk Voon Tin Yow had a small capital.

“At its height, S P Setia’s market cap reached nearly RM9bil (about RM7bil today). It has 4,782 acres of undeveloped land worth RM102bil, and unbilled sales of more than RM9bil,” Liew said. He said if he had told anyone that he would one day be selling residential units in London with an average price of £2,300 per sq ft, no one would believe him, but that was exactly what was happening today.

On May 1, Liew, as chairman of Battersea Project Holdings Co Ltd (BPHC) will be launching Phase 2 of Battersea Power Station. The project is a 40:40:20 joint venture with Sime Darby group and S P Setia taking an equal stake each and the Employees Provident Fund the remainder.

Renting out your premises is a good way to earn money – but be mindful that income generated can make you liable to taxes.
This will depend if the property you are renting out qualifies as a “business source,” says PwC International Assignment Services Sdn Bhd executive director Hilda Liow.
“A business source from property is where comprehensive maintenance and support services are provided to upkeep the residence,” she says.
Liow was one of the speakers at The Star’s StarLIVE talk, “Making Tax Less Taxing,” that was held at Menara Star on April 5.
She adds that such income is taxable regardless of how many properties an individual owns.
“In the past, you need to have up to four properties to be taxable,” she says.
Meanwhile, expenses which are allowed deduction from rental income are those directly incurred in the production of the rental income.
Examples of such expenses include assessment and quit rent, interest on loan and fire insurance premium, expenses on repair and service charges, rent collection and rent renewal.

Hi Pg Islander,

Thank you for sharing your experience with us. Did you buy anything around year 1995-1997?

@beginner
No I did not bought any in 1995-1997.
Very interesting to note that after I posted my comment on 22/5 10:41am sharing how Property Talk website owner create excitement by posting controversial and negative comment, my few other posting was censored.

@Pg Islander
Many comments disappear…. Wonder…..

@MsiaKini
So this website is for entertaining only. Those creating the excitement are under Penang Property Talk payroll. Just ignore the negative and controversial comments.

See! The Property Talk exciter goes quiet for now and is busy creating excitement in other property. After they have done there, they will come back again to stir thing up. Each of them is holding several accounts with different names. At time they question and answer themselves.
We successfully exposed them and moved about 30 genuine buyers to Facebook buys’ group.

Pg Islander :See! The Property Talk exciter goes quiet for now and is busy creating excitement in other property. After they have done there, they will come back again to stir thing up. Each of them is holding several accounts with different names. At time they question and answer themselves.We successfully exposed them and moved about 30 genuine buyers to Facebook buys’ group.

We have 39 members now. Come and join us
www . facebook . com / groups / bmcitymall (remove all the spaces, I have to do so, if not this message will not be get posted)

Wah, so many comments deleted by Admin and Moderator after 22-May, what happened ?
I don’t think these comments are inappropriate and need to be deleted. So, Admin, pls put back those comments and also those pending moderation.

Buyers, developer agents, sales, etc,
Why worry about other ppl comments on this project. If so worry, request Admin to delete this BM City Mall from this forum so that no one can comment anything anymore just like recent Jernih Residence and you guys can focus only on the 39 members good comments. BTW, ONLY 39 FB members with nearly total 600 units ?

@Spiderman
Agreed with Spiderman that there is no need to delete the comment. Penang Property Talk admin take note and put them back or remove totally this project – BM City Mall.

I just not understand why people so so resist to negative comment?? why people who give negative comment must be jeolous on those buyers? must be paid by the website admin? why i have to shut up if i have bad impression on some of the projects? why all the project must be perfect and cannot have any negative comment??? if you so scare people have negative comment on the property you buy, then dont come to this website, live in your blind world and thinking your property is perfect! here is forum for discussion, discussion must be two side!

This is good for buyer as Developer is facing jail sentence for abandon project.
Errant housing developers can now be hit with hefty fines and jail terms if they abandon their projects.
Under the amendments to the National Housing Development (Control and Licensing) Act 1966, which would take effect from June, developers of abandoned projects may be fined RM500,000 and jailed for up to three years.
The changes also enable house buyers to terminate sale and purchase agreements with developers if there was no progress for six consecutive months or more and seek a refund of deposits within 30 days.
House Buyers Association secretary-general Chang Kim Loong said the changes offered house buyers more legal safeguards against errant housing developers.

Shared Learning from Datuk Seri Michael Yam.
1. Choose a property that you can afford at that particular time when you are ready to purchase. The longer one waits, the higher the property price would become and the increase of such price will be higher in rate than the increase in our salaries and savings.
Wait further to try and match the original price tag, and you will find yourself chasing after the property forever and lose out on other opportunities.
2. Be realistic in your choice of your first home. Everybody wants to buy their dream home but unless we are realistic and practical, this will remain a dream forever.
3. The most important lesson to first time house buyers is to start saving for your home purchase early. Prices are not going to be cheaper in the future as development costs will continue to increase due to price hikes in land, building materials, labour, logistics, utilities and inflationary pressure which will inevitably lead to escalation in house prices.

1. Choose a property that you can afford at that particular time when you are ready to purchase. The longer one waits, the higher the property price would become and the increase of such price will be higher in rate than the increase in our salaries and savings.

Comment : 1985-1996 (ture), 1997-2004 (not true), 2005-2013 (true), 2014 onwards (don’t know yet).

2. Be realistic in your choice of your first home. Everybody wants to buy their dream home but unless we are realistic and practical, this will remain a dream forever.

Comment : True, and true for almost anything, including cars, vacations, girl/boy-friends, husband/wife.

3. The most important lesson to first time house buyers is to start saving for your home purchase early. Prices are not going to be cheaper in the future as development costs will continue to increase due to price hikes in land, building materials, labour, logistics, utilities and inflationary pressure which will inevitably lead to escalation in house prices.

Comment : same as 1.

Pg Islander :Shared Learning from Datuk Seri Michael Yam.1. Choose a property that you can afford at that particular time when you are ready to purchase. The longer one waits, the higher the property price would become and the increase of such price will be higher in rate than the increase in our salaries and savings.Wait further to try and match the original price tag, and you will find yourself chasing after the property forever and lose out on other opportunities.2. Be realistic in your choice of your first home. Everybody wants to buy their dream home but unless we are realistic and practical, this will remain a dream forever.3. The most important lesson to first time house buyers is to start saving for your home purchase early. Prices are not going to be cheaper in the future as development costs will continue to increase due to price hikes in land, building materials, labour, logistics, utilities and inflationary pressure which will inevitably lead to escalation in house prices.

Additional Comment :
FYI, He is REHDA (Real Estate and Housing Developer Association) president lah, so, of course this kind of advices lah, like:
1. Buy, buy, buy when price is high because price going to increase further.
2. Buy, buy, buy when price is low because price is cheap already and going to increase soon. In summary, the advice is never pause or stop buying property no matter what.

hokkienchar :1. Choose a property that you can afford at that particular time when you are ready to purchase. The longer one waits, the higher the property price would become and the increase of such price will be higher in rate than the increase in our salaries and savings.
Comment : 1985-1996 (ture), 1997-2004 (not true), 2005-2013 (true), 2014 onwards (don’t know yet).

hokkienchar, like your comment.
Add Comment:
1985-1987 (not true) due to world economy slump where many civil engineers and
architects are out of job or RM600 per month salary, take it or leave it.
1998-1999 (not true) due to Asian financial crisis and many abandoned projects due to developer financial issue. Those whom dare to buy are consider lucky (if project completed without issue) and brave ones.

hokkienchar :2. Be realistic in your choice of your first home. Everybody wants to buy their dream home but unless we are realistic and practical, this will remain a dream forever.
Comment : True, and true for almost anything, including cars, vacations, girl/boy-friends, husband/wife.

hokkienchar, like your comment.
Add Comment:
Developer’s dream home is the one more expensive than the adjacent plot, lot, more expensive than other rows, more expensive than previous phases, more expensive than previous projects, etc, etc. ha ha ha.

hokkienchar :3. The most important lesson to first time house buyers is to start saving for your home purchase early. Prices are not going to be cheaper in the future as development costs will continue to increase due to price hikes in land, building materials, labour, logistics, utilities and inflationary pressure which will inevitably lead to escalation in house prices.
Comment : same as 1.

hokkienchar, like your comment.
Add Comment:
price hikes in land, building materials, labour, logistics, utilities and inflationary pressure are NOT daily, weekly, monthly basis BUT escalation in house prices in last few years esp new projects launched are by daily basis, by weekly basis, by monthly basis, by new rows opened basis, new phases launched basis, new projects basis, new designs basis, etc, etc simply due to speculation activities and developer greediness lah but REDHA try to blame and confuse authorities and buyers ma. Sigh.

hokkienchar :3. The most important lesson to first time house buyers is to start saving for your home purchase early. Prices are not going to be cheaper in the future as development costs will continue to increase due to price hikes in land, building materials, labour, logistics, utilities and inflationary pressure which will inevitably lead to escalation in house prices.
Comment : same as 1.

hokkienchar, like your comment.
Add comment :
The most important lesson to first time buyers of any expensive things, be it house, car, furnitures, smart phone gadgets, jewelry, anything unaffordable but desparetely want it, is of course lah is to start saving for it ! ha, ha, ha.

Can I know Dutamas Residence better or this one better ? Dutamas reputation seems better.
Anyone knows that flyover from where to where ? Is it Bandar Perda to Jln Nangka, desa damai, fly on top of Jln SBK, go thru Tmn Bayu Mutiara until AutoCity ? Thks.

Can buy or not ? :Can I know Dutamas Residence better or this one better ? Dutamas reputation seems better.Anyone knows that flyover from where to where ? Is it Bandar Perda to Jln Nangka, desa damai, fly on top of Jln SBK, go thru Tmn Bayu Mutiara until AutoCity ? Thks.

u cannot compare apple with orange la bro…

The new alma Aeon jusco hv opening , somebody know the bandar Perda new parkson when start opening ?

@Uni

Heard is Sep. However, also heard rumour doubting it as some said how can Parkson start opening when the flyover construction in front of it still messy.

Is the site progress is still on schedule to catch up the 2015 completion ? Only less than 0.5 year to go…. and only 7 stories… any comments from the anyone on the progress whether on time or delay ?

@valiant
I just checked the project board in front of the site and the completion date is stated as 31-Dec-2015. 1.5 year to go.

last week i saw somebody leave msg here saying project going abandon, and some third party going to take over.. now checking it is no more here, deleted? filter? anyway, i hope the one leaving such msg is insane people..

Egg :
last week i saw somebody leave msg here saying project going abandon, and some third party going to take over.. now checking it is no more here, deleted? filter? anyway, i hope the one leaving such msg is insane people..

what if he is not insane?

@bread

Not insane also “tiga suku” !!!

@bread

simple, if not insane, then the blog should not block his msg, just put it back let all others judge themselves.

but, why the blog delete the msg? peoples here have right to know what other people thinking. we don’t need BN style.

If the rumour is true then everyone will know about it… I don’t think so…

right now I very respect bmcity people . whatever we talk ,giving the negative things ,but the don’t care what we talk ,the just do the job and complete the project.

Developers in China will get into trouble

Price of property in Malaysia will definitely drop

Price definitely won’t drop in prime area as the banks financing the property still will lelong at the price which is able to cover the bad loans, they know how to do business.

What I’m worried is abandoned projects. Developers/government haven’t learned their lesssons? Why so many commercial projects being approved? Utama (anyone still remember the ugly vacant mall next to post office??), Mayang (damn ugly), and many empty shoplots scattered around Mayang and Perda. Really terrified with the wastage caused by those insane planners. Now shoplots opposite Utama, next to Jit Sin Private, at Bukit Tengah, Sunway, BM city. Gosh, I wanna run away from this shit.

One of the positive moves made by the Bank Negara is to tighten the approval process. Previous they just ask for 3 months payslip but now they want bank statement to prove that the pays are credited into our bank account. Those purchase the unit last year or this year are mostly genuine purchaser and not the speculators.
Once we signed consent letter for the bank to check our credit standing, we are like standing naked in front of the banker. They can check our all our bank all, FD, outstanding loan, credit card spending, payment, etc. etc…

I am a buyer of this project. I feel sien. My current kampung going to develop, I thought i can move in on time. Now, i have to get myself prepare renting a house.

Developer, please tell us why your project so slow?

@mahsing
When did you sign your S&P? I bought and signed S&P in May’2014. I saw the project board at the construction site stated the completion date as 31-Dec-2015. Anyone can advise us if the project is on schedule based on the targeted completion date?

Pg Islander :@mahsing When did you sign your S&P? I bought and signed S&P in May’2014. I saw the project board at the construction site stated the completion date as 31-Dec-2015. Anyone can advise us if the project is on schedule based on the targeted completion date?

Your SnP signed in Mar 2014 or May 2014 ? Read your 22 May posting that SnP signed in Mar 2014 !. Anyway, hope in Sep, you won’t quote you signed SnP in July14, just kidding, don’t take it too seriously. Anyway, whatever SnP date, good luck, ok.

Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 3.25 percent today

There’s more to come other than interest rates. IMF and World Bank have specifically singled out housing prices as a concern. This is a good time for further measures to discourage speculation.

The number of apartments and commercial space coming into Johor Baru in the next few years is 30 times that of Mont Kiara.

The Tun Razak Exchange (TRX), a project by the government-sponsored 1Malaysia Development Bhd, is going ahead, thanks to the cheap land it managed to get on a silver platter.
According to property consultants, the first phase of development is slated to kick off with some six million square feet of commercial space coming into the market over the next four to five years.
This is bigger than the commercial space that came into the market from the KLCC project in the late 1990s.

Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=310962:red-alert-property-bubble-in-malaysia-still-growing&Itemid=3#ixzz37F7LMLQP

the number of apartments and commercial space coming into Johor Baru in the next few years is 30 times that of Mont Kiara.

The Tun Razak Exchange (TRX), a project by the government-sponsored 1Malaysia Development Bhd, is going ahead, thanks to the cheap land it managed to get on a silver platter.
According to property consultants, the first phase of development is slated to kick off with some six million square feet of commercial space coming into the market over the next four to five years.
This is bigger than the commercial space that came into the market from the KLCC project in the late 1990s.

Country Garden is the first of the developers from China to flock to Johor Baru. Many more are coming, with one developer said to be looking at launching some 30,000 units of apartments in Johor Baru.

Bubble not big enough ?

Seems like everybody talking of the subject now… How’s BMCity Mall progress?

@egg
I am not expert in this field but I think it is either on or ahead of schedule. This is based on 31-Dec-2015 completion date that stated on the site project board. June’2014 progress updated in BM City website, the construction is at podium floor. So they have 16 months to build 3 towers of residential condo. Normally condo unit construction is faster as they just have to duplicate floor by floor except penhouse and roof top.

I have bought the one of the Mall unit below since the fist launch during Feb 2012… if complete on 2015 dec it will be more near > 3.8 years… Wish it could complete end of this year

I think buyers did not response and silence now cause worry about the comments mignt be true. Let’s see by end of 2014, how much they completed, then can know end-2015 can complete or not.

You can check the construction progress by logging on to BM City Realty and Construction Sdn Bhd website. A picture paint a thousand words. http://www.bmcity.com.my/category/site-progressing/

getting hot again…..

Property Talk Admin, Pls do not remove my previous posting. The posting started with…
Hmmm… after many weeks of low hit rate from this site….. Those under the Property talk pay roll started to post grossly controversial comment to stir up the hit rate again…….

Why property talk remove people comments? People has no right to share their thoughts? We as reader has begun to judge their comments correct or shit.. Let’s don’t act like government.

@Pg Islander

Are you on BM City Mall pay roll to give assurances and good comments?

@KKTan
I am a buyer of BM City Condo.

@Pg Islander

OIC. So, you comments for free, FOC one ? And then, accuse those whom did not give good comments to this project as under property talk admin payroll to stir up issues to boost up advertisement ? U do it for free, FOC and others do it for money ? Bro, cannot be like that unfair lah. My 2 cents feedback, no offence, ok.

@KKTan
Good feedback…..Cheers!!!

Fellow frens..
I got the biggest unit, freehold, at Block B, facing north…but all of sudden I need to relocate, is the any penalty coz I’m thinking of selling the unit now….that I’m not aware of, pls help, (>>Islamic Loan)

anyone interested, msg me at 0197753359 (message ONLY pls).

I Agree, picture paint a thousand words. The construction is ridiculous slow… lets refer to the pic at BMCITY website.
Dec 2013 – August 2014. 8-9 months to construct 2 storey of shop lot and 5 storey on carpark?
In common sense, shop house & car park level is the easiest part. There is no furnishing or room, purely bare cement render and structure.
When reached the units with rooms and furnishing. it would takes two months to construct a level???

I felt cheated for buying this property. But what can i do and which government department should i refer to fight for fair consumer right? I have been waiting so long since i bought it on Feb 2012. Perhaps, i only can pray to god that the developer won’t run away with our hard earn money??? so helpless and full of worries.

When i go bmcity office, they will give me different reasons on construction being delayed. what notice is most of the staffs are resigned and they refused to give me the ex-staff’s phone number to talk with them, are them trying to hide something? I had totally lost confident with this company.

I am an abundant project buyer at Selangor, Ara Damansara. Comment from Spider is totally match with what I was facing when the abundant project name Platinum Damansara start slow down the construction, then many of the staff left and them many purchaser gone crazy. Good luck BM City Mall.

@ Spider,
When you bought this property, you signed the S&P with the company and not the sales staff right? Just wonder why are you going after the sales staff? Go talk to the top management better. Just my 2 cents

Spider ，Are you sure you are a buyer …normally the buyer never giving the rubbish on him self investment .2nd . cantona said is right . u sign S&P with who ? with developer .not with the stuff , I just try call to the bmcity to get the 2 stuff are resigned ,they give me the contact no .means you are lie .3nd .8-9 month complete 7-8 floor is right . two months to construct a level ? are you kidding ?

Pls don’t shoot Spider. BM City really slow. Slow under let people thing of worse case. Pls don’t blame Spider. I leave in BM, we seen it, it was slow. Too slow.

Pls tell us, who is the current staff who still give you the old staff name ?? You must be crazy. I don’t believe they will give you.

The Star reported that when reach 01 Apr 2015, under construction commercial property units will be subjected to GST for the incompleted portion. So, for this project, the question is who will be the one (buyers, developers, contractors) paying for the GST if no prior agreement previously. Anyone knows ?

@Attracted
Hi Attracted,
Whoever pays for the GST has nothing to do with you if u did not buy the property. Anyway GST is related to government so get from the government since this is started from them.

GST = Government Super Tax

GST = Government Suck Tax

GST = Grow n Share Together…….

Hopefully no GST charge over this project before completion…..