@PG LANG, noted with thanks.. “PENANG LANG BO HAI LANG”

Hmm.. but i feel if buyers willing to pay for extra 20k is ok wat.. no one force u to buy, but i’m not the “pak chio eh lang” lah.. luckily i already bought one.. 😛

Hi, any sign spa d ? What is the amount written in the spa ? My Q is, shd the spa state down the purchase amount before rebate ? Anyone can share info ? Thx

Anybody knows if this area floods at all

@IK,
I spoke to the local on the flooding, no flooding concern to the site even during tsunami time…

@Mike

Tks mike for your info.the left side river is always full during high tide.

Hi, EK,
I have yet to schedule to sign spa yet, r u saying ur spa reflect the price after rebate? Btw, anyone manage to arrange to sign spa on off office hour?

hi Mike, yes, the price in SPA shown after the rebate as i asked the lawyer firm through phone, the lawyer told me when loan approve then let them know and will sign the 2 doc in one shot.

Please advice me when sign up s&p what are the things that we need to concern caused this is my first house. Thank you.

Others i not so sure, but deliver and get OC on time is important also

Hi, Anyone know when is the showroom ready for view?

@Ng
Hi, i heard from the interior designer of this project, the showrooms are going to open for viewing on next saturday 28th April.

@Ng
Yup, it is communicated in newspaper that it is going to be ready on 28th April…

Thanks for the info.. excited ^^

I was there last Sunday ,
they started installing a/c for the semi-d unit : )

hmm…..should i wait for the show unit to ready on 28th April and take a look at it first before sign SPA? Have receive letter from lawyer to go and sign…normally they allow us to delay for how long?

Hi,

I just get my loan approve and also get the letter from lawyer ask to go sign snp.
i also want to know they will allow us to delay for how long ? the letter also not mention the due date we need to sign it.

It seems to be no definite dead line for spa signature, any reason to delay the signature?

for me, delayed the snp just loan approval. The loan approve process take longer time than before.

for me, it take 1 week+ for approval and 2-3 days for prepare offer letter. Then we need to read the letter and consider which bank to take.

I plan to take maybank and anyone of you taking it ? is it good?

If info given is not wrong , mid of May they will need to request some money from bank , MBB kick me out , i am taking PBB.

FG @ , u can go anytime , no need to wait on 28th to get the feel otherwise it may have a lot people that time

i still not so satisfy with the price written on SPA as told by the lawyer firm clerk, need to clarify is it true or not later when meet up with Lawyer.

PBB and HLB giving similar rate 1st yr…-2.5%, 2nd-3rd yr…-2.45%, 4th yr onwards…-2.4%. OCBC and AMBG can only know the status and rate next week….so anyhow will decide and sign everything next week i suppose….easier

I visited the site today, only manage to view SST show unit as DST is lock for touch up. Looks good in overall… Wondering how much it cost for such ID works…

@FG Ambank is the end financing also?

@apple
HLB shd be the best deal. Coz no lock in period. All other bank have lock in.

@EK why mbb kicked you out? are you taking PBB flexi? whats wrong with the price written on SPA?

@Potato,
-bcos Maybank haolen, only can gv me 80%, so i take other loh

-i will take PBB ful-flex, locking is 3 years from first drawdown, during the loan interest service year, all extra is not direct deduct from principle

-did u sign SPA already ? what i personally concern is the price written in SPA is not before the rebate, bcos future valuer will value the house + spa selling price , let say selling 100K , rebate 20K , final we enjoy is 80K, but spa written 80K , on paper we are like no getting any benefit from the rebate , sound like this is just marketing pricing strategy…i do not know other people have any concern of this ?

@EK
Have you seen the offer letter from PBB? Now there is a rule whereby if you have late payment, they will convert from BLR-xx% to BLR+XX%. For PBB, if not mistaken is one month. Drawback of this full-flexi is need to pay 200 for accout opening, every month pay 10 dollar. I didnt go for full flexi. but as the name goes, is v convenient.

My S&P price is after discount also.Perhaps they want to save on the stamp duty and title transfer. Since they are bearing it. Unlike hire purchase when you purchase a car, they will put the price before discount. I wonder for this case can I be the same. Have to consult expert first.

@Potato
I choose fulflex cause i use check extensively

Yaya, pls consult expert then share with us here, thx

Anyone know whether will phase 2 launched this coming weekend ?

the sales lady said phase1 still have left units & may not launch phase2 in end apr as communicated earlier.Not sure how true is it.

anyone know still how many units are left today ? Last time they say phase I n II will launch together. What do you think about holding back launch the phase II?

3 weeks ago i go to their office to pay the deposit. I see the Semi-D sold out. DDT just left few unit which most of them face road junction. SST one left some. i think left one should be SST as phase 2 also will have SST as well.

Hello everyone,
It’s great to be part of this forum of Prestige II homeowners-to-be. Wondering if it’s good to have photos of the place to keep each other updated of the construction progress.
To start us off, I’ve created a Facebook group and included some pictures of the show units as they were under construction in early April. Hopefully, more people can join the group and share their pictures too.

The URL for the group is http://www.facebook.com/groups/178099115644982/

@EK I asked, if we wanted to have a higher loan margin, then we have to use the price before rebate, then the developer issue the CN to contra back and you will bear more on the stamp duty for transfer title due to the 20k extra, HOWEVER, i think v unlikely for this case since they are paying the transfer charges leh…what do you think?

@ Potato,
eh, sorry to ask again, do u have formulae to calculate the extra that we need to pay for the Transfer (after add in 20K) , if (let say nia) only 2~3K extra and can gain 20K value higher of our property , i think it is a good deal right ? or i am wrong , my mathematic just passed only, not very good in this subject ^.^iii

@EK From what I know is, 500k= 3%, lets put it maximum the 20k fall under the 3% is 600. I was told by someone we can try to approach them to put the before rebate price it is part of their marketing package so they should have honour their offer regardless who bears the stamp duty on transfers. Did you contact the PLB directly?

@ Potato , honestly, i no approach PLB for this cause i do not know all those rules either is our right or not. Since i hv not sign SPA yet , is mean i still can ask for it to write the before rebate price ?

@EK Well, as a consumer, you have the right to request. See how they respond to you then. I not really concern on this issue actually. So I didn’t ask over this matter. As far as I know, let say you bought this and subsale later, the banker will evaluate it accordingly also. Is not that we mark up 100k and the loan margin can be approved by your buyer. Thats what I know. Bank will do some evaluation. Would appreciate if you can share it out after contacting the developer.

Lawyer have called up, will arrange the documents to “fly” here next week ^.^

@potato
I’m buyer for this project also. Do the buyers need to pay stamp duty for title transfer? i thought it is bear by developer?

I hav one unit DST mayb wan to let go at original price… cos company wil transfer me to Butterworth.. anyone interested?

@PP
No. #Anti resellers!

PP, how much is your selling price? can email me the detail at wk_saw@live.com.

@EK
so, did you manage to get the S&P reflected with price before 20k rebate? Signing two documents in one?

@Wong Yes, is bear by developer. We were talking about “If” ….cos EK intended to put his S&P price before rebate.

Lawyer said PLB has his own rule on this (normally reputable company is more straight forward as told)

Anybody visit the show room? If yes,please share the command. TQ

Yup, visit the show room tday, my one is DST, feel the living area is a bit small… not really like the interior design.. can be better.. how about u all?

Hi everyone,
There’s currently a Facebook group for homeowners-to-be to keep one another updated on the progress with photos. The address is at http://www.facebook.com/groups/178099115644982/

Currently, we have some photos of the show units in early April to share.

It’d be great if you could join the group too and share your photos in the group when you visit the show units. TQ!

Do you guys know DST price increased to rm498k, SST remained the same rm368k for phase II? Who are the SST owners? What do you think? Which phase is better?

SY. i am the SST owner.

SST price not increase.. sian… all SST unit price is the same? how about that facing garden ?

later will go to see show house.

Amy comment on SST interior design as show house? Anyone can share? Wht is the package and cost for Phase 2?

@cl
No yet launced phase 2 for SST, coz phase 1 still many units left. DST had increased 30K for phase 2.

@Tan
Thanks Tan.

Just back from launching.
Many people there n plb prepare some refreshment for visitor n buyer.
The remaining phase will not have sst. Sst only in phase 1.
Phase 2 all is dst. All the sst in remaining phase will convert to dst or semi d when I ask plb staff.
The show house design quiet nice. Very high siling and can feel very good air circulation.
Overall landscape look good and the launching event quiet grand.

@Apple
Does the DST and Semi-D still stand at RM460k and RM600k respectively for Phase 2?

Semi-D was only limited to phase 1 and all sold out, only SST(phase1) and DST(phase1 and more) are available…
No price change to SST coz there are still SST units left… DST could see increase in price if the phase2a get good response… Fyi, phase2 units were separated in few phases, i would call it phase2a is open now, follow by 2b and 2c(converted from phase2 SST)

@Ah Qua
Latest update, the DST is RM498, SSD remains the same price RM368. It’s quite a good news for phase I DST buyers. I just back from the site. So many people go to view the show room. The ID design not very impressive (to me) but the air flow of the houses is very well.

Hi All,

just went there this afternoon for show house viewing after receive their postcard. For me i think the location are quite far (~4-5KM from balik pulau town). It is suitable for those who works at balik pulau. People like me who work at bayan lepas area, I think you need to travel at least ~60km per day and also if you don’t mind to pump more petrol and waste some energy to drive.

Besides, if you compare this projects with other projects like Relau mutiara, Orchadia, nyaman indah, taman titi height. I think the layout is quite small and the location is not so good although the price is cheaper.

Just my 2 cent!!

@AJ
Agree with your statement that the travel distance has to be something to give for landed property at that price
It really depends on what you want, i think most of the owners are young professional who wanted affordable landed property in the island

One thing I dun really like is the “cornering”.The sharing bathroom for the 2nd and 3rd rooms make a lot of cornering. I like the bathroom which is outside in semi D, make the room square2.

I’m totally agreed with Mike. For those dun mind travelling more fews km, they will consider this location. Furthermore, it’s only one affordable landed property they can own in the island. If you ask about whether landed property or apartment is better, it’s another discuss topic and really optional.

Besides, the quality of material is not bad, compared with other property especially in mainland.

for the landed property at balik pulau that is the cheaper and the design is quite nice and the important thing is this project is buit a taman can change surounding enviroment

anyone knows if the 20k rebate still on?

@Loh , yes

The material they used is not bad. what encourgage me to buy is the green env there.
In town, many DDT build just build on small landed and serounded with flat/condo. may be noisy as well as near the main road or so. The air also fresh there..

most important is the house is affordable for many youngster who want to own a landed house in island like me.. hahaha…in future, may be will have tesco there.. who know.. as the only area that do not have shopping complex is BP now..

you can see boon siew group and many developer also start to build house at BP.. lol..

ya….since so many new housing project coming up in BP, can we write to Tesco or Jusco or Giant or even Sunshine and urge them to open a supermarket there…then it will be perfect

Buy or dont is depend on ourself, if u feel not suitable for u than go and look for other properties which is suitable for u.. I’m one of the Prestige III owners also. Happy to know all of u here

There will be Tesco coming up at Air Puteh in future.

For DST after rebate 20k is RM460k or RM468??

@KC
Hi, KC, if Tesco is coming, that will definitely be a great news for balik pulau residents. Do you mind to share where you got the information from?

D@mable
That’s no more Rm468k for DST , my dear !! Now DST @ Rm498k after rebate .

@Yibby 498k is after rebate?How much they rebate for 498k?

@Yibby thanks for yr info. given. Anyway when CNY that time for DST after rebate is 460k or 468k?

Now is 498K for Intermediate unit (after discount) , corner is 654K after discount…..kin kin , lagi lama talk , nanti naik lagi….. :))

@potato
They rebate 20k for all kinds of unit .

@mable
468k for DST , 368k for SST . And DST has increased 30k when launching , SST’s price remain the same : ) !

@EK har? are you sure 654k is the 2nd phase price? i asked now is 684k leh..all up 30k.. they never mentioned to me any discount. the sales told me 30k up. never said discount.

@potato btw, have u signed ur doc?

signed liao……^.^ , still got discount ma tat day asked…..bo liao meh ?….new buyer better ask before buy loh…. >.<

oh… called liao la. they have hidden things. not dare say here. you call and ask. later i get sued.

@Yibby thanks

@potato
what u mean by hidden things?? jus share here lah.. let everyone knows.. 😛

@potato
What you guys talking about? Sound no good. What’s hidden things they are trying to hide? Only for DST phaseII??

Conclusion: all DST increase 30k in phase II regardless of corner or intermediate. Last week I asked, still free SNP/legal fee. This helps you save another 20-30k. Anyone interest should grab 1 before they withdraw free SNP/legal fee. Just my 2 cents input and i’m 1 of the owner there.

@jose ya. FULL SUPPORT. Phase II DST all increase 30k.Ignore my “hidden”statement. marketing strategy i would say.

Just wana know which tye is more worth DST or SemiD how about the layout which one better pls share some opinion.

@mable , layout sure is SemiD nicer , rooms no have many corners, but all sold out liao…..

@EK Thanks

Hi, guys
Do u think bp can develop and liveable like Georgetown? For me, I think it’s going to be another township. Hopefully it’s a green growing and clean township.

Just a matter of time

Anybody know that any dateline for signing S&P?

hi Mable,

I asked the PLB staff regarding the snp sign dated. basically they are no date but currently available to sign if lawyer call u.

PLB will start to chase people to sign snp when they completed the launching ..

@ apple Thanks

i think the wall between neighbour 4ft is too low…..can we request them to increase it to standard 5ft?

Hopefully my neighbour left and right also chinese..

[for fun discussion] if compare Giant and Tesco, whose is able to bring more effect on our PIII property price ? ^.^

@EK

haha…100% Tesco

ops gaii….i heard that Giant won the tender….(dunno is true or not)

really? either one is fine as long as there is a hypermarket to me though…
EK, where did u go the info? mind to share?

my friend , hahaha

@James
Can anyone please give me the Developer Sales office tel No ? Thank you

@H H Chua
The contact is available in plb developer site in link above…

Personally, i don’t like the location after see the show house. It is not convenience at all as we have to travel 30-45 minutes each place to work, school, shopping, & so on. For those who wanna buy landed property for own stay, please consider mainland as there are still many choice out there, some more G&G concept, near to school, shopping complex and so on. I do not understand why most of the island people wanna lock themselve in this compact Island.
It take years to fully develop Balik Pulau unlike other places in PG such as Bayan Lepas, Batu Maung, Sg. Ara, Teluk Kumbar which will be developed very soon after the 2nd link. Just compare yourself, is there many changes at Balik Pulau over the last 20 years?

Yes, agreed. There is no many changes at Balik Pulau over the last 20 years. BUT there is for sure MANY changes will coming up either after or concurrently together with this project for upcoming years.

Anyway for whatever reason, Island House will be stand at higher value at any time compared to Mainland House.
I “may be” will starting to consider Mainland House if Pakatan Rakyat took over Federal Govt hopefully this coming GE. Coz bridge toll charges will be waived, else we will still continue paying toll & letting BN continue to “mum mum” more $$.

@VW
Try to put it in this way. The balance of $ compare Island and Mainland for same type of house, will the balance enuf for you to travel from mainland to Isalnd at least another 10 years? If yes, why not consider mainland G&G concept?

Different people have different preference lo… no need to argue which one better la.. just buy where u like and where u afford with..

everywhere also got people buy one la.. u like island, then buy in island.. u like mainland then buy in mainland.. it your choice ma..

Very funny, no point to arguing here if you are not interested to buy this project.. I believed everyone who already bought the house here are happy and no regret!! yes, agreed with Apple, is up to u!

@apple
I don’t see anyone argue here la. I just try to share my 2 cents only la. i’m agreed everywhere also got people buy one la. Just need to make sure you choose the correct one la.

@Gary, totally agreed with you. Nothing wrong helping people to anylise things correctly and do the smart investment….the final decision is still up to the buyer….so what’s so funny?

typo: analyse

XY, you like or don’t like is doesn’t matter. the important thing is Balik Pulau houses price have appreciate and got high return. For my case, I bought DST 4 years ago, only cost RM295K. Now can you tell me how much the new DST in Balik Pulau?

@are you rich, yup! property price is appreciate everywhere including Balik Pulau but not as high as other areas in Island. Just to update you that same thing happened in BM area, 2 years ago, DST only cost below 200K, the new one now selling above 400K. It is not whether i like or don’t like matter, the value of the house is depends on the location and the convenience to nearby amenities such as hypermarket, school, market and so on….hopefully something big like Tesco, Giant, or Jusco enter BP and you will become millionair by the time you sell your house….it is all matter of time lah

@are you rich ?
I went to Prestige III show house last weekend, so i know how much DST currently selling. When talking about appreciate and high return, few projects in Mainland doing better than Balik Pulau. From own stay point of view, i feel a bit far and somemore need to pass thru the Malay Kampung which i personally don’t like it.

I don’t see eye to eye with XY and Kia su. Personally, I like BP more than mainland property. BP is literally meaning back of the island, is a self-safficient township. It’s famous for it’s durian plantations. It will be a booming town In the future 5-10 yrs. The value of houses there is promising and appreciate. Just my two cents.

The connectivity of 2nd bridge next year will tell the difference.

Thanks XY, Gary for sharing your view, i think ppl who interested in BP has their own reason. Anyhow, your comment on better appreciation in mainland could be valid from certain aspect.

@ling
Agreed with you. But it will only tell Batu Mau and Teluk Kumbar before Balik Pulau.

Hey, guys. Can you predict the future? Just let time tell you the truth and the difference. Ok! Kia su, so what, for those who choose BP must have their own reason. Even BP is after batu mau and teluk kumbar.I thought, it’s still better than mainland due to Penang island no more land leave. Bp is the only paradise for the developers.

@Sy
I’m pretty sure you stay in Balik Pulau. Most probably you just bought PRESTIGE 3. hahaha……
How sure you are Balik Pulau is better than Mainland? Don’t tell me just because of no more land leave in Island? Pls la….don’t forget about Reclamation.

No need to argue,let those believe that B.Pulau is better to invest in
Balik Pulau. We will see in 2 years from now the growing numbers of
new properties is in B.Pulau or B’worth ?

Kia Su, those who buy & stay BP must have their own reason such as retirement plan and they do not care how long and how fast is the return of the house value. Your comments is only valuable to those potential buyer who wanna earn fast return in short term period of 2-3 yrs and not 10-20 years time. Just don’t border other people pocket here…wasting your time only….i am not young generation, but i believe young generation will rather like to feel the excitement of city rather feel the distance and the so called “close to nature”…. just personal opinion, no offence here.

hey XY.. i am young generation and i like close to nature..

you are right.. no need argue here and there la.. recently so many argue here and there in the forum lo if you notice…

kk, find a day and go round mainland. You will love the nature over there as well. Plus G&G concepts, i’m sure you will love it more :)- Jesselton Hills, Hills Park, Tropicale Residency

not sure you all guy agree or not:-

1. Balik Pulau housing price appriciate faster than BM.
2. BM have higher criminal cases than Balik Pulau. Always publised on news paper…shooting, drug case…..
3. Community in Balik Pulau is more friendly, that’s why low criminal case.

Hey Kia Su,

Malay Kampung will not harm you if you just pass thru…..right? unless to drive like mat rampit

I bought semi-D link in Permatang Sanctuary (mainland side) at RM454K by IJM developer. Guarded concept. Free legal and SPA worth another 20K. Tesco & Carefour already there. Jusco is coming. No need to speculate. Price is cheap. Dump the difference and upgrade to your dream car. Enjoy the daily seaview on the way to Penang Island, play your favourite songs on CD and laugh along with your morning radio DJ. Weekend…..hike up the hills for a round of good exercise and enjoy the fresh air up in Bukit Mertajam. No need to fight with the rest. Island developer is laughing all the way to the bank while you empty your pocket dry and make yourself slave to the bank for the next 30 years.

BM is very potential area it is in the middle of everywhere. The house price is shooting up very fast. Most of the project are landed properties and offer good quality of life.

What’s the point for those who dun like BP comment here? It’s sounds like they are trying very hard to convict ppl dun buy BP house but mainland instead. Wishing economy downturn wont come up so fast, so that everybody get a very high return from their investment no matter in island or mainland. This is the win win situation.

Kia su, you are really Kia su. Mainland’s house will not shooting high because of you shouting here. I think you have too much time in your hand or you comment on wrong project. Otherwise, as xy said you are wasted your brilliant time at here.

@Kia sei
I am nobody. I don’t think I have the capabilities to convince ppl don’t buy BP house. But I just want to highlight here. If you are looking for landed properties, pls don’t focus ONLY on BP. You can get a better high return and good quality of life so called close to nature in mainland landed properties also.

@Sy
I’m really Kia Su. If not why i named myself “Kia Su’?. You can ignore me if you want. But i don’t think this is the way. This is the THIRD replied from you. Pls tell me, who is even kia su than me?

Haiz.. Diam lah.. go comment at ur own property forum lah.. why make noise here?? Izit ur own property’s forum no cloud??

^crowd

@Linpeh
Yes Linpeh Tai Ko. I definitely will Diam since this is YOUR OWN property forum. Only flowers comments allowed. hahaha…interesting….

@Kia Su

Don u think u talk TooOO MuchHH?? =.=!

Wah lau… it is going to be “super intensed” when got double in property forum lor…hehe…

Weigh the good and the bad to be wise. Zoom in and zoom out to be far-sighted…..and don’t play play with a life time savings.

I personally think currently island is still more potential for the next 5 years. If you looking for investment for 10 or 20 years, i think mainland would be the better choice considering the connectivity through 2nd link that will ease the traffic and new township of Bandar Cassia by LGE. Imagine penang airport is the center/main hub for consideration for Foreign Direct Investment. More factories will be built at mainland in future due to lower land cost and better connectivity to the airport compare to current situation. But if you looking for short term investment, island is still the better choice now. For own stay, any will do up to your budget and convenience!

@ling
100% agreed with you. Island is still more potential compare to mainland. But for Balik Pulau, I think not on the par yet

For those who have strong holding power and own stay, there is no prob to buy bp house. For those who looking for short term investment, island condo or apartment is the best choice. If you looking for investment for 10 to 20 yrs, I think mainland or Balik pulau also doesn’t matter.

Agreed. Good. Not like upstair got one so call “Kia Su” always giving nonsense disturbing comment. I believed he/she is too Kia Su in beginning and bought the mainland house too early, now got better property coming at BP and starting to regret, that where all his/her “comment” came from.

see today news from Star paper

GEORGE TOWN: After recently acquiring 21.3 acres in Tanjung Bungah for RM185.6mil, SP Setia Bhd is now looking at an adjacent 14-acre site.

SP Setia Property (North) divisional general manager Datuk S. Rajoo said the group was now in an advanced stage of negotiation to buy the property.

“We expect to ink the deal soon. The two properties are an integral part of the group’s business plan to launch about RM2.5bil worth of properties on the island this year and in 2013,” Rajoo said.

“Land on the island is becoming scarce. Since SP Setia wants to continue playing a dominant role in the property market on the island, it is seizing every opportunity to expand its landbank, capitalising on attractive deals,” he said.

SP Setia’s business plans for Penang include the launch of residential and commercial properties worth over RM638mil in the second half of 2012.

In 2013, besides the RM1.1bil project in Tanjung Bungah, SP Setia will also launch a RM175mil condominium project in Sungai Nibong, and the Wave and Breeze condominium projects for Setia Pearl Island, with a gross development value (GDV) of RM350mil and RM300mil respectively.

“In the second half 2012, the key projects include the RM250mil Setia Triangle, the RM335mil Setia Greens 2, and a RM53mil condominium project in Teluk Kumbar,” he said.

The Setia Triangle project on 6.8 acres in Setia Pearl Island comprises two-, three-, and four-storey shop offices with built-up areas of 3,000 sq ft, 4,500 sq ft, and 6,000 sq ft respectively. Each unit will be priced between RM1.95mil and RM3.6mil.

“There will also be a residential component comprising a 225-unit condominium, priced between RM575,000 and RM1.2mil,” Rajoo said.

The Wave consists of 535 condominium units priced from RM300,000 to RM750,000, while the Breeze comprises 450 units with a price tag of RM500,000 onwards.

“The scheme in the Teluk Kumbar development comprises 98 condominium units with built-up areas of 1,000 sq ft and 1,4000 sq ft, priced between RM500,000 and RM700,000.

“To date, we have launched over RM1.1bil worth of residential properties in Setia Pearl Island. Once the Setia Triangle, Wave, and Breeze are launched, the GDV for Setia Pearl Island will rise to RM2bil,” he said.

Rajoo said SP Setia had also recently acquired two pieces of land in Balik Pulau for RM38mil, where the group planned to develop both landed and high-rise properties.

He added that the group’s projects in Penang should generate about 15% of the its revenue for the fiscal year ending Oct 31.

thanks Balik Pulau. this news came just in time and really boots those have invested property in BP. i’m sure you guys made the right investment….cheers

Something to share……and listen to the experts:

The median house price to median household income ratio (a common indicator of housing affordability) for Penang Island has risen to 8.1, high by any standards, from 6.8 five years ago.

The current average housing price on the island is RM429440 while the median household income on the island is RM52844. House prices on the island have risen by 50 per cent over the last five years. (Even on the mainland, prices have risen by 25-30 per in the same period.)

For Penang state as a whole, the ratio is 5 (RM265010/RM52844) – up from 4 in 2006. House prices in the state have soared by 90 per cent over the last seven years.

In comparison, the house price-to-income ratio for the USA was 3 until 2000, and then it rose to 5.8 by 2006, before the housing boom ended in an almighty bust. In the UK the ratio reached 11 in 2008, just before the credit crunch set in.

All the more reason for us to tread cautiously. The above figures are from an October 2011 research paper on ‘Supply and Demand in the Penang housing market: Assessing Affordability‘ published by Penang Institute

Hello Kia Kia,

thanks fo sharing the useful information. for those who have no holding power may have consider Kia Kia advices.

according to the past record, Penang island property has high demand than other area, such as mainland. so i’m pretty confident to island property, we can see even the price has double after 1998 finance crisis. don’t be too worry for those have plan for island property investment. you will see the result after 5 years..

Looks like Limpeh+Kia Sei+Bo kia+Kia See+Mai Kia=same person=Sales Person? Interesting but wrong marketing strategy! Buyers come in this forum to test the market and you do not need to hard sell your house up to that extend if the project has the advantages than others. Every projects has their pros & cons, people buy balik pulau bcoz they see the pros and those reject one bcoz they see the cons. So, just let the buyers do their own justification.

@Balik Pulau
Thanks alot for the info. It help me a lot on the next investment plan.

@Roger
Your first comment already hentam ppl giving nonsense disturbing comment. How about you? Anything Valuables you have shared? speechless…

Heard my friend said that previously there is one project (from bellview if not mistaken) at balik pulau, only 420K for double storey terrace corner unit for the early bird. Anyone aware about this info ?

About 10-12 months back.

@Tan
That’s Palmyra by Belleview , that project sucks !! Bad finishing , leaking in the second floor + cracking wall etc. : (

I saw a group of kampung boy riding on bike roaming around Palmyra residence and occupying the park. Looks like it might happen to Prestige III once the promising park is ready.
Any comment?

Who going to bear the maintenance fees for the park, if the owner will bear the cost then better we should request the gated there otherwise others Kampung people also will occupied the park (according to them there is 7 kampung at balik pulau) Any ideal?

Not very sure, I think should be maintain by MPPP. People can come as long as they do NO harm to the community. Most important no vandalism, if not, no matter how beautiful the park also no point.

Hi

any unit still available? i am interested to get one unit and stay here.

Any idea what’s the price now?

Thanks

I am compelled to answer BO KIA ‘s boasting of how wonderful his purchase of Permatang Sanctuary. He could have expressed his thankfulness in Permatang Sanctuary Forum next door and that is entirely his right yet he chose to shout about how clever he is. Do you think that leading developer who always set the price standard higher and higher in every new project will be that naive to sell at price lower? Bo Kia, do you think you get a perfect deal?

BO KIA,
(1)There is Chicken Farm nearby. You will have problem with flies and terrible smell.
It will be especially worse in raining season. Bo Kia, i could not imagine how could you
subject your family with these possible health problems especially your
family members /young kids.
(2)If we want to buy a house in Main Land, that place is the last option. People said the
location that you bought is neither here nor there.
It is not near to Juru Auto City/Jalan Raja Uda or any other established places.
In fact, there are many more better housing projects in Main Land. We could
have introduced those to you if you are humble enough to ask. Your purchase of
Permatang Sanctuary is Nothing to shout about.
(3)Traffic Jam in Bukit Mertajam has been given a new definition. It is called TOXIC.
With every new Taman, comes another traffic lights. You may forcefully condition your
mind that it is ok to listen to radio while trapped in traffic jam for 1-2 hours but
we would rather spend quality time with our family at home.
(4)Bo Kia, if you work in Penang Island. What the….. you buy house in Main Land?
Come on, just admit you can not afford one in Penang Island. If you can afford, you will
definitely buy one in Penang Island right? No shame to admit so instead of sour grapes.
If you have young kids and we are sure you wish to go back to see them during lunch
time or any time they need you. Bukit Mertajam? While you work in Penang

Hahaha….
True. You work in Penang Island and buy house in Penang Island la.
I have a friend who let go his house in Perda and is willing to buy a 2nd hand small apartment because of all these nuisance in travelling/traffic jams.

Bo Kia, rethink again about your purchase. Nothing to shout about, for your purchase of Permatang Sanctuary….
Here, we work in Penang Island and naturally we buy our house in Penang Island.
Balik Pulau is the new development place for us, we do not wish to be trapped in traffic jam. And we could not understand why are you so happy to spend time in traffic jam for 1-2 hours with your radio? Get used to it already? Perhaps

Are you saying Balik Pulau is free from traffic jam ? Please take note of the
time taken to compare with B’worth.

Whether it is Bukit Mertajam or whatever places in Main land, it is frustrated with the traffic jams.
Last time, it is only the jam at Penang Bridge.
Now, not only at Penang Bridge. After you reach Main Land, the bottle neck towards the various junctions cause tremendous Traffic Jams.
Just admit those shortcomings and frustrations of staying at Main Land.
I agree that, you work in Penang Island, then buy house at Penang Island la.

I believe a fair minded person will consider the pros and cons before he decides. They come as investors, speculators or genuine owners. I think no harm to hear what others have to say. End of the day, his money and not your money is spent. His loss or his gain, that his destiny. Wisdom is the one who weighs everything in proper perspective without getting emotional.

@Stay in your own forum
Why wrote a long story here? You should put your comments in Permatang Sactuary Forum. Except you too chicken and scare Permatang Santuary owners shoot you. If this is the case, you should buy the semi D in Permatang Santuary which is very near to your hometown – The chicken farm

Chuah, Either you do not understand English or you are too impatient.
Read thru the comment first, the back ground and why “stay in your own forum” wrote a long good counter comment here.
Dont simply jump gun.

Those who stay in Island and can afford to own a house on the island, should buy the house on the island. There are speculation that mainland house price gone up because of a lot of island people came over to mainland to buy houses. Btw, 50~70% of Permatang Sactuary, Orange Villa, BM Permai, BM Utama houses were bought by peoples from the island. Those who want to do investment, I suggest to invest at mainland. Recently, my friend sold one house at Kota Permai (OC not yet obtained), he earned about RM60K within 2 years. He bought at RM360K and sold at RM420K.

Hi all

Would like to know some purchasers in Prestige 3. I went there more than 3 times and basically, all the phase one unit on SST, DST, Semi-D are sold out, including the showrooms ! Those who went there must know how the showroom looks like.

I actually work in Balik Pulau, part time, that’s why I can visit regularly during weekends. Spoke to a guard during non-peak hour last Sunday, the terrace corner showroom was sold at RM810K (if I can remember correctly), the Semi-D corner is reserved for the developer owner’s daughter and the corner SST showroom was sold too. The remaining units are the T-junction units for SST, which is left not many as well. Therefore, phase 1 finished.

Phase 2, I saw some keen buyers kept asking and wondering whether they can book or not but since I got a unit already, I care less to them. Basically, I like the huge garden and those SST and terrace in phase 1 will be located very near to the garden’s gazebo, maybe can do barbecue and have a brisk walk in the evening.

Mind to introduce purchaser(s) ?

My friend just sold 1 hse at sungai ara last month,he bought at RM689K and sold at RM950K. He earned more than RM200K within 2yrs.
@Alice

Wow, SK,

Just for me to analyse, may I know whereabout is the property that you friend bought ? RM689K, is it SST, DST, S-D or condominium ? That really sound really lucrative. Does the unit a corner unit ? Fully furnished ? I believe that’s happening in Penang and I would like to see those options if I can afford. Thank you ahead.

another phase of dst will open by next week,and is the last phase in tis year.the price might increase to 518k d

Phase 3? Phase 2 sold old already?

Wannabuy, is DST intermediate unit w/o furnished, just get the OC 2 weeks ago.

@SK
DST Intermediate getting OC ? not so soon. There are basically 6 units completed unit for us to view which are 3 showrooms and another 3 without furnishing. The rest are not even start piling. You should go to the site and see. OC – Occupation Certification is when the property is completed and get all the relevant approval before a person can go in and stay.

I mention not Prestige III, please refer to#168. @wannabuy

@SK

U should b referring to Sathu Terraces or Dua Villas @ One Residence project located in Sg Ara.

seems like phase3 is launching, wonder wat is the price?

Launched at Queensbay now from 22-25/6. DST at 508K.

Any more units left?

anyone has started to service the interest already?

I am one of the purchaser and the first drawdown is requested. I think the servicing of interest will start most probably in September after the first release in August. I went to the side the piling on quite a number of DST has already started.

yes, started last month

Hi all, i newly join this forum. I also just bought DST unit. Hope all of us can go exercise on weekend.

Still any unit available for the semi d?

Hi MnM, how much you bought your unit? What is the price for DST now?

anyone can advice if buy for investment purpose better to go for SST or DST?

I will come back from US to Penang next year January. Our work location near USM island. Hoping to buy a DST in Penang. Seems like BP is the better option for relatively affordable price for landed property in penang island. I like a relatively remote place away from city. Is there any units left for ~500k DST in BP?

Since out of the country for many years, here would like to consult some information:
1. How long the travel from BP to USM?
2. How is the traffic during peak hour?
3. How is the hilly road condition? Is it dangerous to drive daily?
4. What is G&G concept means?
5. What is the population ratio (malay, chinese, Indian) for this residential area in BP?

Thanks for your time to answer!!

I went to the showroom and the surroundings. It is impressive with the showroom. However, I am very sad as most of the phase 1 and 2 are fully sold out except for junction houses. The phase 3 is up for registration but I particularly like the SST showroom. Small and simple with contemporary design. May I know who is the buyer and will you like to sell them in the sub-sale market ? How much is your selling price ? Any SST purchaser like to release their units ? I am confident that this area will be a hit as many purchasers already booked the unit. I heard the showroom for SD is reserved for the boss daughter and the DST showroom is still available but it is facing the road.

Can I know what interior design firm are involved in their show house renovation? URGENT AND THANKS!

Hi all,

i am serious buyer who interested to buy a unit of Prestige III.
kindly contact me if anyone of you want to sell your unit. Thanks.
Contact #: 016-4522332.

MJ, why dun u buy direct from developer at contact number stated above (below the picture) , all units of all phase already fully sold out ?….

This project bad. Jalan Bharu,Balik Pulau not really suitable for investment and own stay. I inform by residents there it is flood area and tsunami places.many residents already move out to others places.u may go to PrestigeIII nearby kopitiam ask them.they are honest telling fact to u.i not argue here just telling truth to u all.

Penang island is good for investment but Prestige III not a part.If u continue searching info will indentify lot of problems have been happening at there.There places also near pig farm.Prestige III developer, PLB have been build Serina bay at Jelutong but now the house price cant increase much.Others department and condominium prices surrounding Serina Bay area are increasing higher than Serina Bay.

foreigner :
This project bad. Jalan Bharu,Balik Pulau not really suitable for investment and own stay. I inform by residents there it is flood area and tsunami places.many residents already move out to others places.u may go to PrestigeIII nearby kopitiam ask them.they are honest telling fact to u.i not argue here just telling truth to u all.

Yes,i am agree that.after that i also did not buy there.somemore many people not have confident with PLB Land.The very simple information also did not update.where got 198 units single storey at there??ask the buyer here,they will know everything.

@penang
The Tsunami affected place is end of Jalan Baru which is about 600m away from Prestige III. It is end of Jalan Baru exact location is Banting. Where Prestige III location is Off Jalan Baru, so location wise is safe. And i did ask the land surveyor, is quite a solid land. No worry at all. As for flood situation, i asksed the Balik Pulau residents so far over the 20yrs, is never happen at Jalan Baru. If flood happen till this area, then is quite a serious flood. I am not very PLB is a good developer or not, but compare to Ivory, the quality of work is much more better. To look for investment part, we’re not looking for short term at now. Hope my above comment isn’t offended.

Good news to prestige III buyer
http://mykampung.sinchew.com.my/node/219145?tid=4
http://www.guangming.com.my/node/94885

Fingers crossed… 😉

But, anything could be happen..
Just see, Botanica.CT also came out a future commercial plan – “Pedestrian Mall”

http://www.botanica-ct.com.my/?page_id=74

Looks more like a serious contender to grap that “golden” hypermarket..

how u all think ?

There is Facebook network (Prestige III) for Prestige III owner, to share some of the latest information and news. Please join this community.

The Facebook group is at:

http://www.facebook.com/groups/178099115644982/

Quite a few pictures shared by the members so far.

Happy CNY folks… any news or update on this project?

Phase III launching. SST price stays same. DST is going up to 528k if not mistaken….