BM City Mall
BM City is an interconnected, self-contained and thriving development that blends lifestyles with commercial in one elegant high-rise tower of designer suites perched above eight floors of retail outlets. The community here is set to herald in a new era of chic urban lifestyles with doorstep access to working, shopping, dining and entertainment options.
BM City Mall featuring a myriad selection of lifestyle facilities such as chic galleries and trendy boutiques. BM City Suites and its comprehensive range of facilities are designed to cater to three generations of Designer Suites. There is just so much to do in keeping one fully occupied in their urban retreat.
BM City Mall
40 Units of 2 storey shop office
(built-up area from 1,910 sq.ft. to 10,726 sq.ft.)
32 units kiosk
(built-up area from 164 sq.ft. to 6,871 sq.ft.)
BM City Suites
3 block of Designer Suites with 528 units
(built up area from 594 sq.ft. to 1,441 sq.ft.)
Podium floor
Facility – Landscape area
Approximately 80,000 sq.ft. (1.83 acre)
Car Park – 5 storey (2nd floor – 6th floor)
Car park bay – 1,450 nos.
Besides being surrounded by a host of public amenities and infrastructures, BM City is also within close proximity to the Penang Bridge and North-South Expressway to accord residents’ easy accessibility and total convenience.
- 5 mins to North-South Highway
- 10 mins to Penang Bridge
- 15 mins to Juru Auto City
Location : Bandar Perda, Bukit Mertajam, Penang
Property Type : Kiosks, Shop Offices & Suites
Land Tenure : Freehold
Built-up Area : 164 sq.ft. onward (kiosk), 1,910 sq.ft. onward (shop office), 594 sq.ft. onward (suites)
Total Units : 32 (kiosk), 40 (shop office), 528 (suites)
Indicative Price : RM 171,000 onwards (designer suites)
Developer : BM City Realty & Construction Sdn Bhd
Contributed by reader (Update 07/04/14)
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Agreed!
@Lah
Thats why I bought BM parklane
Hi guys, whats happening now?
Latest progress?
something no good is going to happen soon. wait and see.
What no good goin to happen. I did not see progress picture in web site anymore a..any update ????
@Ah Eng Kor
Whats gonna happen???? Please enlighten the genuine buyers here please! we deserve to know ! Thanks!
i saw the building is going up. but still at slow pace..
What floor now ???no updates
@val maybe u can join facebook (group bmcity buyer ) there are more updates than here .
@Uni
@val
Val, you’re one of the group member. Stop asking funny question here. Updates all in FB group…..
I cannot access Facebook in China …so any good Samaritan update me pls
@val
A:9F, B:13F, C:10F
Buyer need to bear gst… Let say still back remaining loan to release to developer 200k, buyer need extra cash pay rm12k, is that right?
I went to Perda City Mall yesterday and this is the first time I went there after reopen. I got shocked to see only quarter of the building is occupied. Its almost empty. And BM City Mall progress , very sad to see ….. very snail slow progress….. If the completion date in SnP stated that end of this year OC obtained, buyers should be very happy coz obviously the developer cannot finish it by then, developer need to compensate the buyers…… I’m very sure it will take at least 2 years to finish the building….. Now construction at 12th level, if not mistaken…
Buyers cannot be happy for compensation yet, because in order to calculate compensation amt due, developer has to complete the project and hand over VC and then only can calculate how many days, months delay and the amount due. If always delay delay and drag on cannot complete it for years, then no need to calculate and pay yet lo, still pending and pending and pending lo until govt agencies review it. So, buyers really at mercy of developers.
Buyers cannot be happy for compensation yet, because in order to calculate compensation amt due, developer has to complete the project and hand over VC and then only can calculate how many days or months delay and the amount due. If always delay delay and drag on cannot complete it for years, then no need to calculate and pay yet lo, still pending and pending and pending lo until state or federal agencies review it. So, buyers really at mercy of developers.
@blur
Developer will only compensate the buyer LAD if they complete the building at the end of the day. If halfway abandoned buyers semua habis lah. So i dont think buyers will be happy at this stage of construction. Im sure most are very very worried now.
Anyone buyer get letter from developer ? They asking buyer paid for Gst ?
My office is in Bandar Perda so I drive by this project everyday.
Compared to other project in the area IMO it is quite slow…even the row of new shoplots next to it is near completion.. i can see the walls being painted…
But the BMcity sales office at the front is being dismantled, so does it mean that all sold out ady?
@PerdaGuy
Sold out is good news.. As long as not close shop.. Then become another abandon building..
A lot of shop houses were built along this road.. But existing shoplot still a lot unoccupied.
Hi …all buyer here …someone get letter from developer ? They asking buyer paid for Gst payment .
Wow…already so pity that delay the project, now Lagi asked buyer pay gst …really amazing the Developer…
Hi guys…whats the latest update?
When come to send letters to buyers to pay GST, they can do it very fast lo.
How much you need to pay?
@egg
Hv u paid yet? U get letter from developer for asking gst?
GST means goods and services tax. We paid when goods or services are delivered or when delivering soon.
So, has the developer delivered the goods (the condo unit) or soon ?
So, won’t paid yet la.
How many floor now ?
@Adeline
for property under construction, GST paid progressively according to stage of construction.
What is the estimation of completion time?
@val
EStimated date of completion = July 2020
Any news?
See the update on the bmcity site for July it is now at 15 ,and 12 level. Most probably 1 floor per month speed will complete around 10 to 12 months from now…
Buyers have to pay GST… and now with RM going down south, meaning we also have to bear the rising cost? I’m doubt all the materials use are locally made and developers are so kind to bear it.
the buyers have formed a group in facebook, just search for BM City Mall (Buyers Group) can request to join
if there is still buyers here who are not a member, please register A.S.A.P. Its for our benefit as buyers of BM City Mall
GST is affecting all the buyers of BM City Mall, now there is one group of buyers are acting collectively to get rid of this GST, pls search for BM City Mall (Buyers Group) and request to join.
Hi, What is the market price for type A? Please advice. Any more units available?
What is the estimation of completion?
The standard answer for this project: Forever…
@SIR
Hoi A So tell u to estimate when?
Any updates?
@v
As 18-Ssept, Block A-16th Floors, Block B-19th Floors & Block C-17th floors. Estimate to complete by January-2016, Key handover by 2Q of 2016.
Did anyone pay the GST?Frankly speaking,it is very unfair for us to pay GST because if they complete the project on time, we will not be having this issue.Need to fork out around Rm12k! I could not find Facebook for buyers.Can anyone share the link pls?
@Lee
Hi Mr Lee,
i received a letter about the GST too, are we going to pay the GST within the short period?
any updates ?
@BG
Can u share the FB link? Thx
what floor now?
GOOD NEWS BLOCK B AND C COMPLETED AND BLOCK A ONLY 1 FLOOR LEFT。。。。
ESTIMATED COMPLETION ON LATE JUNE WITH OC
completed all blocks 23.floors…block A B and C…Happy new year …seems to be able to go in on June this year….
Suddenly super fast, worry also.
Siau kia.
Only the frame completed lah, the internal is the one takes time and not just concrete slab stack up only. June can OC meh ?
Please do not give false impression, only the main concrete frames are completed. Go and look at yourself, June get OC? You slow slow wait.
@Riang
base on your reply most probably you are not a buyer and against early completion…
adeline is correct, i from bm and this developer is really bad, this year get key? slow slow wait lo
Please lah, no doubt i am not a buyer, I passby the road every week and just want to tell the fact, I am BM lang and do happy if it can complete fast, but fact is fact! I do not want the readers to be mislead. That’s it.
@Riang
Riang, people like Val do not appreciate honest comments and prefer to live under hallucination. She has been hallucinating since 4 years ago when this thread started. There is no way OC will be issued by June . But then just watch, I’ll also come under fire for being honest.
Latest update : All 22 Floor main structure completed. The home tiling for individual apartment already completed till floor 20th. And 7th floor landscape is almost complete.
Per the Promise of BM city manage from my visit there, they said it could obtain OC on JUNE.
There will be a show apartment on BLOCK A open in March soon for everyone to visit. According to BM CITY mall management again.
@Jesus Christ
Looks like your prophecy is blasphemous.. it is another human creation of illusionary prophecies.
@Val
Still have available unit for sale? Interested to buy.. Tq so much for ur info
when open for view BLOCK A please post here to let me know. I am interesting. Thanks Val.
June OC ah .
Well, want to stay there also scare.
Very excited to stay. New iconic of bm
@val
Val – if June can obtained OC, I think you better abandon your unit. It is too dangerous to stay . . This is the worst developer at BM area . .
@CS
Hi 4 year to built is slow, In China 1.5 years complete everything Malaysia already backward… nothing new for me., you are just too kampong to know what is real progress is,,
@CS
Lu punya hati manyak busuk oo
I don’t want to see these project become abandon condo that will be impact to BM property price, it also will affect me to buy BM condo. Regarding the OC is responsible of MPSP. Don’t worry about. If everything include the basic facilities, fire reel system, drainage all completed OC is no issue.
Was at the office last friday. Looks like it is very much possible to get the key by Jun or July. Lots of workers now. Also the progress shared by Dato on the pool looks very promising. Glad I invested here. My only concern now is the Gangster contractors. They will be there to suck the money out from us for renovation. We need to form a committee fast to tackle this
Good news, heard from another buyer, that it probably on July… Good news…Now the apartment subsales is over 460K previously who bought is 360K meaning increase 100 K,,,yeh, most probably will be next M mall in Penang but BM location
heard this property will become an BM icon due to its strategic location….the shops were all sold out and the developer gaurantee return of 6 percent will start in this July…it will become the super cars mall in the northern region will all super cars will be displayed in the mall… the most iconic and happening place in whole BM and Prai…even penang do not have super cars mall…
Super cars mall for display, not for selling because no market.
The dreaming is going to end soon, reality going to wake up the buyers.
In History we learned
The visionary are once thought to be stupid, absurd or mad during his times…..eventually time will tell. In chinese it was said, if one wants to rich in future be a land lord…this hold true it start from loh boon siew, to lee kah seng in Hong Kong…nothing is magical in building dreams…it is as easy as follow the old saying…no need to study just be blind and folow the successful people…
The present value of the property already gain by 30 percent but yet the.proof was still.denied by some brainless thinker….hehe….i dont want argue with the people who think the world is still flat and denying the present..
@Think
This will be far more famous than Auto city, coz Auto city all low budget cars.. This goin to be ” Super Fast and Furious cars City”
@Think
from locatiob assessment this place is near school, train station, mall, goverment offices and important hospital..upcomming project bus station and most important light railway transit..also near sunway and connecting bridge to penang… presently Tambun indah in simpang ampat is selling at 380 per sq feet…this was price for Bmcity 4 years ago, hence this property now probably worth 450 per sqare foot now…when all surrounding is completed like Sunway project which is next to it probably will be 600 square feet in 2 to 3 years time…Malaysia property is still relatively cheap…
@landlord
Yes landlord is right, this property due to its location, most of the people bought this was from BM and also over 100 units was sold to the bulk investor MBS and most importantly was blessed during last year opening ceremony of largest led Sky screen in Malaysia book of record by our beloved CM of Penang Lim Guan Eng. This place will be destined to be the most happening in BM…The property price has been increasing by the minutes…
Lol bundle of owner daydream here, 300psf also no buyer d, still dare to think 600psf, famous than autocity? Laugh die ppl lah haha. And buyer will go for prominence more big sf more chaep and more high class.
Just visited the site and found out from subsales broker, all shopes were sold out with gaurantee 6 percent return for 2 + 3 years. This was a best deal in BM. and also it has been known all shops will be use for F&B franchise and banks will open there also.
Most units were sold out also, from people stay there were professionals, bussiness man and it going to be for more exiciting with its advertisement LED in front. It is going to be exiting…I believe doctors in near by specialist hospital is buying here for stay aslo. So rental should be not an issue… This also the first and most iconic condo in BM at presence…
@Buyer
Hi, Buyer ,
I also go there last week, it will be very exiciting to stay there too… coz it has so may factilities to enjoy…. heard that the property now priced over > 450K for a mid standard unit now…Very very laku….
I regretted did not by another one for investiment from rental.. The shops gaurantee at 6 pecent meaning it could be self servicing the loan from bank…. Now heard the shop also no one letting go… all sold out…
@Buyer2
Heard also celebrities is buying there also… also Datuk is staying there and it will be used for Super car club members for promotions and stay during the super cars exihibition and group tours. Heard got Ferrai, Humvee, Lamborghini, Bugati, Aston Martin, BMW and F1 going to stay there during group tours…. Exciting….:)
@Investor
Confirmed with the developer all units sold out… so so laku….
Yes should be best condo in Malaysia, only profesional like doctor and lawyer can stay there and must drive Super car only allow to go in like ferrari, lamborghini haha
@Zzz
yes 。。。zzz this will be super fast and furious car city…the only one in malaysia
Heard from the developer all shopes were taken up by international franchicees …..good news .super good food with fast n furious car and most important beatifull gals from F1 racing and also super bike teams…
ANYONE GIVIN UP THE SHOP LOT AT 800 per sq feet Pls write to me。。
I feel very very very song lah.
Please Please please never never wake me up from my such sweet dream.
Hello Penang Island ppls, why you all did not come to invest here, still talking about The Tamarind lah, The Clovers lah, etc lah.
what are the franchise to join this Mall? i didn’t see any advertising there.
I am hopping have Lavazza, Red Lobster, Godiva, Buffalo Wild Wing, TGIF, Tang Palace, Carl’s Jr, Taco Bell, Culver’s Custard, and Peninsulla…
hi i m a first time to buy house… is this property good value or not? heard it already 4yrs not complete
@first home
If first home, need to minimise your risk lah. If getting marry, then even more important to minimise the risks.
@first home
So funny la u. Go & see la the actual site la
@first home
HI first home,
This is my 4th and 5th property, I have taken the risk since 2012 till now… if you go to the site, you will see the whole build is completed and painted in pearl white reflecting the majestic architecture in BM.. It will become the most unique condominium with 80meters squares facilities with over 40 indoor double storeys shops with biggest indoor LED in Malaysia. As you will see it will soon become the most popular place.
the wellknown address
i feel it is fantastic like under water to have dinner. Even like stay in open space all blue sky to feel breeze blow to you. i foresee this is leisure place to visit.
yes good day, you are one of the very few people who know how to relax and trust the place going to be the best ever known condominium and strategic located in BM. where it is know to have the best feng sui here……if not u can ask Master Fengsui in Hong Kong
saya pergi ke bmcity kelmarin tanya ada lagi tak…ini punya kondo.sangat laku la….bm lot pun sudah hampir sapu habis….ini tempat pasti hot hot bila buka…
is any units available for sales…i m deeply interested here…pls leave a measage for me..
One ppl using different names to post, praise and goreng-goreng the project.
Good project no need to be praised one, ppl will know by themselves.
Yalo…not yet happening praise for what?? syok sendiri sahaja…lol
This project wont attract international brands lah. Theres no market for that in BM. It will be another Times Square in Penang
alamak u out la …penang times square is now very hot is call m mall…u go look and see la orang kampong….alamak
Apo ini Think ingat saja sorang…pi tanya la kat offis BMCity…tempat ini mesti popular
All road leads to Rome…
Only the visionaries few foresee,
The rough stone is slowly nurtured to a pearl,
No matter how majectic is the pearl,
There bound to be some envy eyes,
Blinded in thoughts with denies,
Untill the pearl glows and outshines,
It will be too late to invest…..
Socrates, very well written…..
All property leads to riches…
it was proven ….but some blind egoistic people still think they are always right and see what they want to see…hear what they want to hear …time will tell all properties pay in the end…
If it is fully completed, rent-able, tenant-able, market-able, then it is a property.
If not, it is a liability.
ok, ok, see no evil, hear no evil, tell no evil. Happy ?
@socrates
BTW, Rome had fallen. London had fallen too. The rise of Shanghai and Beijing.
Most people think they are right,
Thinking deep in thoughts,
Like the blind think they have sight,
Hear ye the song of London bridge is falling down,
And so did Rome was doomed,
Denial thinker still living in the past,
Where the world is thought to be flat..
说的好GALILEO。。。
The one who think they think,
Time will tell what they don’t think,
The rare beauty of BM city,
Majestic Mall with largest indoor LED,
The becomming of a future city,
It glows like a star seen from infinity…
Good poem and sweet dream. Why no Shakespeare and ‘Li Pai’ here ?
Looks like it is a must-buy.
What a nonsense comment..
No matter good or bad, those already bought the unit not able to make any change also, just let the time tell the result in future, why all of you so excited playing word game here, since you are just outsider of this project.
Eat full nothing do?
Go home continue eat taufu!
hi telur,
are u the insider why claim other outsiders ?
no avoidance the price still growing up 350 – 400 psf, if the area having mall, hospital and government department is advantage. if want the new cond below 300 psf is hard to find currently. Actually the BM CITY MALL already earn the inflation property price, You can go to Vertu Resort Batu Kawan there still on going to build the amenities but the price already 380 psf. You know the master plan the LRT station to choose one point stop here in future.
Went to BM city today,
It seems to be near ready,
Heard all were sold out already,
Can’t wait to move in to live and stay…
Many claim to know the road to Rome,
Yet many fail to see,
the rising effect of properties,
Only a very few are visionaries,
The inevitable inflation effects,
That everyone wishes to out race,
Yet, most are fearing the risk,
By avoiding the risks,
Rome will not be reached..
If Malaysia is destined to be developed country by 2020…the property should rise from 400 per sq feet to over 2000 per square feet..
Talk so much also useless mainland property value always below 400k, vertu as example over 400k = no buyer, stll gt 50% unit available, bandar gt wat? U want go hasil lembaga? go downgrade mall econsave? go hospital everyday? Pls lah still dare think 400-2k psf? Gov keep build afford project only 200psf at mainland, 400psf at island, read newspaper? In future affordable unit only 150psf at mainland, 300psf at island
Game for goreng property is over, keep ur unit and stay urself stop dream, see the signature? No any unit can sell and price keep reduce due to over 400k.
This will be another failure projects which turn to low cost village full of black wood and bangla like Megamall in Perai.
@job
can contact me at elrichchan@gmail.com
Hi all
I’m local BM guy,I grew up and got educated in BM
I read the forum which one thing puzzles me a lot is why there are so many islanders or keyboard fighters like to express their own egoistic negative opinion here while most likely he/she does not even own a property so far
I do not know how they jumped to conclusion based on one or two particular cases and made big words to say mainland properties (condos) are below RM400k while I myself really went up to the sales office of BM CITY, BERJAYA CONDO ,BM MAHKOTA & EXO RESIDENCE to enquire for a unit below RM400k and was feedback to wait…long…long….Even the cheapest now also around RM450k++ at BERJAYA Condo have been fully sold out while EXO Residence was the worst,only big unit available at RM780K….So you may go check out BM MAHKOTA because I didn’t want to waste my time to knock the wall again..
So,let’s face the truth and compare Apple to Apple ,if there is any available unit at below RM400k at 1400sqf above,please let me know and I surely buy you big meal if I managed to buy..
As for Vertu, just launched in year only and already sold out 50%, hello..that’s Simpang Ampat …not BM…
Though market has slowed down but doesn’t mean price can simply discount 20%++ or more to slash market one, developers are not stupid too..they have holding power if they are confident that the project they build is high quality one…
I do not know and enquire about signature project so no comment but based on my own views only,now island condo also min 40% more expensive than mainland,why would they still think the mainland property will drop without solid and valid reason..
BM population is increasing every year because many kedah Chinese moved in.e.g Kulim,SP and Alor Star while working on mainland can enjoy lesser traffic jam,cheaper property price with almost same level of pay to island, so why not to buy and stay in mainland while having better quality of life and many more options to live life?Going to Penang bridge also take 15 mins only…
So long story, so conclution is islander cant accept mainland property price keep increase, but island property price keep decrease due to no buyer…haha
@job
Hello my friend. That M Mall is a dead place lah. The retailers there are half dead. People go there to take pictures only. Dont be silly
@edisongan
I’d have to agree with you that mainland property price is cheaper while pay is almost the same. So in that sense, you have a higher purchasing power living in mainland. But one thing, how come most residential areas in mainland are smelly? If not duck shit smell, then cow dung smell, chemical smell also have. Would you recommend an area to me that is smell-less? I am genuinely interested.
@edisongan
By the way, no flies too pls. I was horrified by the swarm of flies I saw the last time a went to Tambun.
The one that is so excited start playing words game is your insiders friends.
@kayabun
Tambun is indeed a lot of flies and smelly because there was a lot of chicken hut and laos but BM and Butterworth also have such problem meh? I really do not know or I am already numbed?
Too many projects in BM and BW so really dunno what kind of standard you are looking for..Otherwise, Berjaya Condo, Exo Residence, BM Mahkota, The Sky as well as BM city are also good choice for you if you wanna buy it for own stay…
@kayabun
Along the Jalan Song Ban Kheng also got a few condos projects, can’t remember all of their names respectively…BM old town also has a few condos project, one developed by Sunway at HooDee and Ivory got one at Aston too…Also Parklane with selling point sakura 樱花 project one..
Really too many to recommend but so far I think the high end one should be Exo Residence since it’s from the same developer of Berjaya Condo..I purchased the Berjaya Condo in year 2013 and before that I was comparing and considering BM City and Berjaya Condo, eventually I chose Berjaya due to it’s Chinese community and near to my parents place
Abit sad that I did not take up the offer from Exo Residence (next to Icon city) one for 1300sqf unit at RM520K + 4 aircons + one set of kitchen cabinet…This Chinese new year I went to enquire again was told already sold out fully..Only left with 2000sqf one at RM 780K..
Now they are more to come in BM and BW, the Sky also looks nice at Alma…
@edisongan
The last time i went to butterworth to eat “little chicken” around Raja Uda, there was “salted fish” smell all around. How come ar?
@kayabun
Haha,not sure…seldom went Raja Uda,only know there are many nice fine restaurants nowadays…and it becomes very famous trademark of Butterworth…but for BM people,we usually hang out in Autocity,Icon city,Alma area….Exo Residences belong to part of Exo City too..
Was it because someone selling salted fish or still have village there and villagers still salt the fish? Butterworth area I go more to Seberang jaya due to Sunway carnival…chai leng park for good hawker food…haha…
The frantic selling of our mother land to foreigner in exchange for the glory of development to catch up with the global economy has left out the poor and the middle class citizen from affording to own a decent place for living…. The action of selling out our beloved country has inevitable inflated the price beyond the reach of the middle income…This clear and present danger of social gaps will be se en widdening…..We will lose our own economy to the rich foreigners… Mark my words 2000 per square feet is comming soon within 15 years or sooner… The economics inflation is caused by population boom gradually from 30millions to 60 millions is exponential. This has happened in China and Hong Kong but at least China is not selling their land to foreigners…and other places in Asean like Vietnam and Combodia…Malaysian will have problem to buy their own piece of living space if this continue..
@val
Wow…You sound so sentimental and pessimistic….What happened..Relax abit lah..This is only just a forum..
@val
Don’t fret my friend. All we need is a little bit of regulation to regulate the foreign buying. Simple measures like foreigners are only allowed to buy certain designated areas, price control for homes in certain areas etc, should do the trick. Population increase and inflation are unavoidable, we just need to make sure that things don’t go out of control.
@kayabun
I went to Sungai Pinang food court last week around there smell like duck shit, how come ar? Everywhere in this world got weird smell, I live in Butterworth for 30 years and never had the experience of smelling smell like salted fish. Ohh ya little chicken is in Bagan Lallang and not Raja Uda.
Sungai pinang food court kotor dan busuk sebab habuk-habuk kenderaan, tapi ramai orang suka, sama juga raja uda is balacan place sebab habuk kenderaan tepi jalan, asap kilang dari bagan lalang, tapi ramai orang suka, makanan + habuk+ asap = sedap
@Jeff
Yes, sungai pinang is very dirty, that’s why the smell. State gov has been talking about cleaning the river for so many donkey years but you still have lots of shit in there.
@Jeff
Haha…No wonder…I went to Raja Uda for nice food before also didn’t smell anything because there are too many nice fine cafes and restaurants there, should not have this issue I guess…Now realized it was Kayabun mistook Bagan Lallang as Raja Uda..Haha..Me from BM so not sure so didn’t comment ..
@edisongan
Raja Uda Road is parallel to Bagan Lalang Rd, next to each other, about 1km apart. I have been staying in this area for more than 10 years, but smell is not a major issue anymore after developer build houses on the duck farm, although thundering noise from the airforce planes taking off and landing is still something that annoys me a lot.
any pictures from the mall is updated ? last heard buyers will.get keys.in June…
@HotSausage
Middle class and poor Malaysian will not be able to own a house if our government is just putting a simple control of 1 M mark on the property price. China is trying to control only 1 person or family per house still could not contorl the price to go sky high.
Do u think putting a simple 1 Mil RM mark on foreigner property could help. ?? FYI China house price in Shenzhen went from 50,000 RMB per square meter and now over 80,000 tp 100,000 RMB per square meter (= over 4800 RM to 6000 RM per square feet) within less 2 years time frame just for a 70 years lease hold appatment. If we do not control, this will be the price we pay in just short 10 years time. Penang free hold is price is less than 25% from this price.
The present and imminent danger… Some authority need to do more than this for the future of Satu Malaysia.
@edisongan
EWard Gan,.
You work in HK and China, U know what I mean Buyer 2 is right. Our present actions is selling Malaysia out for fast cash in the glory of development.
When times comes you will know how hard to be a middle class or the poor. More should be done for One Malaysia Rakyat. The simple control of 1 Mil mark for foreigner will not stop them but will hasten the rich to be richer…..
I foresee 2000 RM per square feet in less than 10 years. Rental income will erupt to over 5 figures soon as in HK and China.
lol 2k psf. i foresee 20k psf in 10 years, rental 6 figures, income become 10 figures haha
@haha day dream
Don’t haha., our very own compatriot is selling our beloved Tanah Malaysia, this is a clear present warning, I have seen thru many years of imminent trend of inflation yet we take things for granted,… Mr Loh Boon Siew make billions he only std 2 education, Li Kai Shing the same and all the higher education people laughing of this clear and present danger.,
What can I said, 20 years ago Shenzhen house price is lower than Malaysia and not even free hold, now is 5 x higher, don’t laugh, be prepared….
10 ppl stay in 1 house in china, how expensive they also have to buy even share by 10 ppl, malaysia? population in malaysia can compare to china? see our gov? keep build affordable project but still over supply keep make roadshow help evertising?, see how many subsale keep reduce price? over supply can make price increase?
Haha is a katak di bawah tempurung…China people super rich now…still think 10 people in one house ..haha please go to shenzhen and see by your self u will know what i mean …malaysia is totally out since 10years ago..so sad… i am a compatriot also…one lousy apartment in shenzhen about less than 800 square feet is over 5.5 million rmb…which is 3 million rm…and it is over 30 years old leaking apartment without lift…pls i stay here for 20 years i know how it grows…
@Buyer2
Wah…scary man…How you know I’m working in HK/China…I guess I never said that here,right?
I really comment if we want to take China as comparison because China has got firm demand due to the growing population and mindset to own home=house when getting married where Malaysia has no such demand and Chinese population in Msia not really many enough to have big influence on Malaysia properties,also our gap between poverty and rich isn’t as big as China…
Imagine China got 1.4 billion population but only had four first grade cities.e.g Beijing,Shanghai,GuangZhou,Shenzhen.thats why every year there will be many fresh graduates or opportunists come to these cities,getting a job or doing biz and settle down = form family = owning a house…this also directly boost up the properties price of the neighboring cities,such as Dongguan,Zhongshan,Suzhou and etc but wonder this is appropriate to apply in Msia because our income gap will never be as big as China so we don’t see influx into a particular city but steadily growing…If we are to include Spore as one of the cities for job opportunity city, we have 6 cities (Penang,Ipoh,KL,PJ,Melaka,Johor & Spore) for us to choose to work while income level gap will not be different by 50% except Spore due to currency issue. Statistic shows Pg,KL,JB are highest average income in Msia from range RM3k-4k…Even Ipoh,Melaka also have RM2k on average…unlike China,it can be from RMB 1k vs RMB10k one…
So,let’s better be facing the reality in Msia…unless we got hot money suddenly come into country and 70% was into properties market…else, I doubt there will be another wave of sudden big increase in Msia in near future …will still grow steadily due to more Kedah Chinese move to BM or BW…even islanders also slowly move in now due to cheaper price..example my neighbor stay just next to me also from island..
So let see how it goes,me not expert too else would have made fortune long ago but sad to say me also purchased after the wave due to shaky will influenced by my parents while I thought of buying first condo back in 2011 in BM but kena “brainwashed” by my father so missed out once…sian loh….
Ppl talk about population and gt demand willing buy a house even how expensive and share by 10 ppl, malaysia? Now u tell 3mil leaking apartment pula? Pity u stay in leaking apartment, so u keep dream malaysia will also grow like china? 800sf apartment increase to 3mil? Then u have to hope 1 family gt 10 child, maybe can chase up china population after 100 years haha
@Haha
What can I say to a visionless person….goodnite.
Good news, TNB already install and electricity is available in BMCIty Mall, Lights up the nite…
Air and sewage will follow this month soon….
Guess OC will be available in 2 months time…and keys to the most happening place in BM City.
@val
That’s bad news. Speculators will have to jump of the building very soon considering the soft market right now, and I know there are PLENTY of speculators in this project.
@val
You sure OC can be obtained like this?According to my knowledge,OC can usually be obtained 3-6 months later after completion of construction…BM city now already finished construction?If yes,it really progress faster than I expected…
@antman
HI OrangSemut,
Nothing is right in market now, one need to have vision in long run. I have never heard of any property in Malaysia lower than developer price after a few years. So nothing to worry about.. Alot of speculators means good news, meaning a lot of people is predicting the property is an attraction, meaning lots of people like the place. WHich is good news, only a visionless person fails to predict a good new from the bad new.
@Buyer2
What antman meant when it he said “Speculators will have to jump of the building very soon” was that those who don’t have holding power (cash flow problem with banks chasing for payments) will die.
You have never heard of any property in Malaysia lower than developer price?? There’s plenty in KL.
“Alot of speculators means good news, meaning a lot of people is predicting the property is an attraction”?? That’s not true, during a hot market, Alot of people can be wrong, because they don’t think logic, they think greed. That is why the market is so bad right now, because the market needs to digest the bad decision greedy speculators made in the last few years.
@watergun
This is Penang, Penang Boleh, the State of Bersih… Penang people are rich have holding power la… don’t trigger any false sense of false speculation….
In HK there are negative asset in Penang no history of that in Malaysia so there is also zero probability of that happening in Penang.
Penang property is still very cheap compare to most Asian countries that have developed and in the process of development. With the vision of our beloved leader I am sure Penang will grow into a strong and rich state.,
Hi val,
I just closed one deal last week at Raffel Tower, BSG project, 670k. The seller bought it from BSG at 690k.
propoerty price 200K to 300K is more than 50% people affordable. If who bought 500K to 600K will be jump of building.
Raffel Tower at 670k, really? What size is that unit? If you are referring to the studio unit, it will be too expensive, if you are referring to the normal unit over 1000sf, it will be unbelievable cheap
Did u check the price is after early bird discount or after what discount.?
If seems to me your 20K discount is not account for… i think you story remains just a story…
any updates when is the official date to receive.keys ?
@goodday
Wake up… this is 2016 where got 200k new house ??? even one 40 years’ old single storey in chai leng park cost 300 k… u still dreaming.. u think you still can buy < 15 k house during1960s ??
Plot the trend chart u will know what will it cost in next 20 years.. good luck ,,,,
@val
I guess what goodday meant was based on his judgement that most affordable property pricing to teenagers is RM200k-300k though we all are fully aware it is not so likely to see,even sub sale single storey terrace ..
In fact,buying a house should be more meticulous and cautious for youngsters who are at early 20s…Work a few years and have savings then go for it later is logical and reasonable because Msia private properties are really still within affordable level if compared to our neighboring countries…With both (husband & wife) effort and buy first property at early 30s is ideal age..if graduate at 23 year-old…usually combined income will have around RM7k-10k…consider reasonable and affordable..
@edisongan
Don’t analyze statistic with me, first where in Malaysian teenagers able to purchase house of 200 k to 300k ? Bank cannot even get loan teenagers job is not enough to pay for loan unless they have rich parents like in China. They call them the pampered rich generation “the rich inheritance” and also “the parasites of the older generation”… The facts is the house price ratio to an person income and gone exponentially high since the invention of paper money…. In the 1960s the ratio probably at 15 – 20 x and now is 100 x…. This is only Malaysia if you talking about China, Singapore, HK or India Bombay probably at 250 x. It is going to be worst. We are lucky still in Malaysia and we are complaining 300 K house expensive… We should be happy
Latest update from Datuk Tan, the Sky LED is upgraded, Mini Theater upgraded and complete and the infinity pool completed very beautiful …. Waiting for OC now. Anyone that go the actual site please report what you see….
@val
Haha. Val. I went there as contractor.. you will be “amazed” with so call “beach” pool.. “impress” with facilities given like lift & etc..
I advice you visit the site after OC only judge BM City but not according to dato datin..
Big dream felt heavier =) Steady and wait for key collection. Wish you all the best.
seriously, bad reputation how the next project no more again.
@Hello
I went there and found the environment is better than Butterworth SeaView hot appartment nears jetty.
I think Hello your comment just another sour grapes and no vision
@goodday
I think good day have been influence by the environment weather become a bad day…
Hi,
Any one ask when is the official date of the OC or keys handling ?
Waiting patiently for the mall opening…
Val, are you contractor who can go in also? Anyways, BM city good or bad does not matter to me. You ask who went there can give comment so I just attend to your question and give my view because I knew what was happen to their rushing construction. Oh yea, you really make me laugh to death when mentioned seaview is hot apartment. Wondering how hot is that, Haha.. I’m still advice you do not mislead peoples with dato datin’s quotes, better sit back and relax wait for OC is better.
@Heskey
Hi Heskey,
Did you go and visit the office when the Mall will open ? What franchisee Allied are able to sign in ?
How do you feel the environment of the Mall and the developer ? What they say are they confident to get in good shopes ?
@val im just a nearby resident of Bandar Perda. I have no stake in this project but i do hope the mall will be a success.
Hear block A OC already received. waiting for Mall to be open in August.
@Hello
Hello,
From what you said in previous forum does not tally with the updates picture in June 6th above.. From these pictures it paint a true picture of the facilities in BMCity. It prove you are just a bull contractor who collect defecates..No offense…
some one feedback they went into the show apartment own by the boss, it is extremely beautifully furnish… anyone have feedback…?
@val
do you buy any lot over here? why always heard, other people look. I think all have completed. when you start moving in to stay?
@goodday
Hope u have a good day goodday,
Yes I have units here. That is why I am concerned. I do not have time to visit yet.. hence I hope to get feedback from others. what u think ?
Heard from developer the M mall is taking over the shops.. is it good ?
@val
M-mall is better than nothing, at least can buy time, although it won’t last long, as the authority is already gathering evidence, and going to shut down m-mall soon, and that includes the one in Times Square, plus the members who are recruiting investors will be arrested soon.
lol that m-face m-coin m-mall are illegal? I join 5 years ago, invest 5k but now my m-coin and point worth 1mil+, at first I also cant believe it, but I use that point bought and spend over 100k, and use that point went travel few country, how come that m-face can earn alot money to investor? gd heard that m-mall will open, can go buy and spend with my point
@waterfish
You sound like an m-money agent. Some of them will tell you they invest 5k and turn it into 50k, some say they turn it into 500k, some say 1 mil, some say 5mil etc. Whether it’s true or not, the main point is not how much they turn their 5k into, the main point is the way on which the scheme is operating is ILLEGAL. And by the way waterfish, I think you’re on Bukit Aman’s watch list. Cheers!
@btaman
In new economics crypto currency is nothing new, whether M coin is a derivative of first crypto currency. It is a open market currency that is recognized and traded by the members who put a value to it.
This is nothing new nor illegal, since the revolutionary invention of our ancestors the Barter trade, we exchange things with one another. Then evolve with beads and shells then silver and gold. Hence whether M coin, One coin or Bit coin they evolve in our modern financial world.
Any new update on this project ? I see some resale at 380 per square foot, some initial investment at about 300K now around 450K ..
Wave Bye Bye to your money, Perda City Mall has been without Air Con for total 17 days now with oven like sauna conditions inside the mall, and rumors is the mall management has sent letter asking tenants to vacate. I look at the picture above of BM City Mall with the tagline “The Most Vibrant New Address in BM” and I laugh until I pengsan…
Today confirmed Perda City Mall closed for good. Everyone told to get out within 1 week. “”Vibrant”” hahahahahahahahhah…………pengsan…….
@Donald
Whether Perda City Mall close down or not, investors/suckers/gamblers are adviced to stay out of Pyramid scheme. Something big is going to happen, stop before it’s too late.
Another round of headache for buyers… earlier was concern on the completion date of the building. Now another ‘shocking’ news Perda City Mall is closed within such a short notice.
Good luck buyers !
The mall below is SET TO FAIL . Even if MBI comes in it will be SET TO FAIL. Just look at the dismal performance of M Mall in Times Square . The whole set up is so amateurish and pathetic . There is hardly any crowd even during the weekend. And even if there are people , they are there just to take photos.
@btaman
Agreed. Bank Negara is not blind. Its just a matter of time.
the mall last time is jusco? after jusco move out then econsave take over? now closed?
This place is CURSED!
The place is not auspicious, where is suit for affordable house. Hope government convert to residential project.
I don’t understand. The closure is Perda City Mall. And BM City Mall is up right ?
So, what has Perda city mall got to do with BM City mall ? Pls share.
@Danny
That’s because during intro session, the developer did put Perda City Mall as one of the selling points…But I guess it does not really matter since BM people are all fully aware that PCM is not going to sustain in long run after BM Aeon Mall opened…
Let’s hope BM City Mall can be good and attracting more people to come…
Cheerszzzz….
We are just concern how good BM City Mall can do since Parkson also can’t survive at that area. Both is not related, but is impact to each other. You think is look nice at the area with so many abandon building? Parkson operated quite some time at Perda City Mall also unable to attract/bring in new tenant. With so call BM City Mall, I not believe can perform until very well. You can see even Mydin still have so many shop is available and not yet take up. Friend pls wake up, Perda is something like Malay place already. You can see previously who is the customer for Perda City Mall. Coffee Bean also cant survive, u think another coffee bean or Starbucks will open again at BM City Mall. I believe ppl will choose Alma (Jusco already have Starbucks) or Song Bang Cheng to open. Pls take your time to visit that location at night, and compare to Alma and song bang cheng, then u wll know What I mean.
BM people don’t like go hanging around? There are a lot of housing development in BM. BM is not a happening place? kinda boring
Not BM ppl dislike hanging around. Is ppl start to move out from BM town and hanging somewhere like Icon City, Alma which provide the café for them to sembang. U try to drive at BM old town during night time, nothing is special (Maybe char keoy tiao is the famous). ppl who always complaint traffic jam can stay this place. For me I prefer something like more happening. Perda become the died town, no shop open. u try to drive in front BM city mall at night.. u want to see a car also difficult. how dark is that area. Only the buyers still believe to the developer.
@BM
I do agree with you that the spending power now mostly concentrates on Kg Baru, Jalan Maju, Jalan Song Ban Keng all the way up to Autocity and Icon city…Very soon the Exo city (next to Icon city) will be completed soon as well, so Perda city might not be the only option / best option for people to hang out in there..Because in term of location wise, above mentioned are more bustling and more Chinese residents..
Not meant anything racist but the fact is really Chinese got better spending power only compared to others…
Wah, like that BM got a lot of abandon buildings lo. Sigh.
Last time BM Utama, beside post office. The BM summit almost abandon, mostly foreigners. Mayang Superstore at Jalan Maju. Asas Plaza at Alma. Now, this Perda City Mall. Anymore ?
Hi,
Where is val ? why no comments ?
@edisongan
edison, edison, why praise own area, own investment and own developer ?
kampung baru, jln maju, berjaya condo, Exo city. ha ha. NVM, i know you have big hope on all these. cheers.