One Imperial
One Imperial, strategically located within the establish township of Sungai Ara, Penang. Comprises five blocks of condominium with a total of 768 units. Cheapest unit has an indicative price of slightly below RM400,000 with the size of 1,050 sq. ft.
Location : Sungai Ara, Penang
Property Type : Condominium
Land Tenure : Freehold
Total Units: 768
Built-up Area: 1,050 sq. ft. onwards
Developer : Modular Platinum Sdn. Bhd. (Ideal Property)
Contact No.: +604-645 6888
Indicative Price : RM380 psf. onwards
Contributed by reader (06-Jan-2016)
[nggallery id=125]
Not sure about Samsung is coming or not. I think Penang is not so attractive to Korea.
Anyway, my company current revenue is quit good. Customers keep on expediting the shipments. So, at least 6 months down the road, my company is doing OK.
Some topic might not related to OI but it’s useful too especially for new buyer. I understand small fish often hearing like economy what & what la… something that we can’t change & we just accept it la if it really happen.
Correct, Alvin.
Property price/economic up or down in future, we just accept it as u decide to buy it now, right?
Byran, info regarding our future economy & property price not from developer, you should find out from our PM or Mr Lim. u set wrong target. hehe…
Ok, let’s back to OI info. I heard from agent, Tower B going to increase til rm440 per sqf. Launching date not yet confirm. Anyone heard also?
Lets see. 10 years ago apmt 100k dare not commit. Excuse: clerk kia only. 6 y ears ago apmt 150k.. Dare not. Excuse: buy car. Not enough to pay instalment. 3 years ago apmt 350-400k…dare not…money not enough…now that apmt is selling 500-650k. New apmt 400-800k. Talk watever econ crisis u want..1997-98..been there…passed it…as long not over commit can d . Want to wait salary double up or strike lottery? Toll sugar oil all go up d…. Life goes on. Just my humble opinion. Average joe
What’s the status of the proposed new roads and T-junction expansion/upgrade ?
Was this area affected by flash flood with the recent heavy rain ?
@small fish
u book any unit of OI? or waiting for tower B. No info of tower B. Wheather Tower B price equal to tower A OR higher still unknown.
Tower A still left probably 20% units.
@Average joe
Truly agree with ur statement, wait for prices to go down, at the end of the day end up with only renting all the while
proposed new road 66“at jalan dato ismail done. T-Junction expansion work not yet start but the clinic desa will be moved next to OI. If said flood,there should be the area of traffic light of flat 88, OI and sungai ara area not affected.
@Jason Wong
Add on a simple statement, buy if you afford or don’t buy now if you believe price can drop in future.
So you believe politicians? Economy topic is very much relevant to OI. For people like me, who already have place to stay, if there are neg signs from various sources, I still can on hold my plan and continue stay in where I am now.
@Bryan
continue to stay and seeing the price going up and up! if you will not buy any property in your entire life, then it’s fine. guess what, the price will going up up up till reach Hong Kong’s price now in 5 to 10 years. 500sf apartment in Hong Kong selling RM1 million, while Penang will follow the step but after 10 years.
@Alvin
T-junction widen no use la, just help a little bit; they should build a fly over heading to Bayan Baru.
Hey neighbors / experts,
May you advice me pertaining the Banker issue? Ok, basically they are total of 3 appointed Banks for OI e.g. Maybank, Hong Leong Bank & AM Bank. Which is the best among them like better offer? I need some advice and references for choosing one. Thanks!
@Anson Lim
Banker start to offer loan for OI project adi???? I dont think so, coz they still need some apporoval from authority. For investor, as long u have the holding power, u can buy for invest.
As this is not my 1st property, no hurry.
Penang (& KL) not event same level with the 2nd & 3rd level city in China. Not to mention Hong Kong as a world city. Penang ~10 years behind Xiamen, which 20 years ago, less developed compared to Penang. So, let’s say we start flying today, 10+ years later only can catch up with Xiamen (assuming Xiamen no growth). And Hong Kong, not sure if Penang can match them in 30 years (if Hong Kong no growth).
Relax. SPA signing will not be so soon. Look for banker only after Ideal ask you to do so.
seems like quite a lot of people buying for investment…but this is high density and sungai ara location have many projects already…with such a high per sqft price, not sure if it is a good investment…one year back, you can get 300psqft for sungai ara projects…
@Bryan
I’m too not hurry for OI,good if it delay to sign snp.
Meanwhile, we still can withdraw from OI for better choice (if have)
Hesitate to keep going on OI?
By the moment, no sign to make me backward yet. My company production still ok (of course not that good if compare to last time),but this is not the reason to step backward from OI. I’m still keep going on my plan.
Since we are earlier to grab the tower C good unit, don’t “throw” it lo.
Maybe we can be future neighbour too
Yes. OI price should be raised to at least RM500K so that foreigners can help to goreng the price, since locals salary is stagnant…
developers now hard to sell .. dont be fooled by the falsel sales figures given
i think price going to go down next year onwards … oversupply & economic crisis
no buy now ..
@love
500K is today’s price for tower A with 1 car park (excluded type 1050sf)
if plus another 500k is far story.
@love
Yes, there are plenty of units above RM500,000 onwards right? You still have chance to live with foreigners or expatriates (not bangla) as they are allowed to buy this OI.
This area don’t have so many Arab like N-Park near USM. Seldom see Ang-mo also. Only bangla, Indon, and vietnamese.
Than what are u waiting for? Loan max and get 3 to 4 unit 1000sqft condo now and ur dream will come true in 10 years. Hong Kong……I just back from HK…have u been there and experince it?
@david
Yes, I read HK newspapers too, and guess what? The most interested me was the properties advertisement, with all the selling price and location indicated. So, you have any great experience to share?
Let see who is correct.
Just went to the PIP property fair at Penang Times Square, this is the smallest ever with the least developers show up! What is the indication? The new supply from developer will ‘on hold’ or decrease? Listen to their talk, and always talking about good things only…..”2020 Penang population hit 2mil, and house under supply during that time and property price will boom up further!” Singapore is 8 years ahead of Malaysia on property price?? True?
Is the new supply really slow down? But I think the sentiment of buying property from developer for investment has been seriously impacted with the high price and bad economic climate. So, the next 1 or 2 years will see developer pushing hard on their new launch. In fact, Penang has lot of new project lining up like Penang World City at Bayan Mutiara, Teluk Kumbar’s Condos, Southbay, multiple condos at Sg Ara by SP Setia/GSV/Ideal/Asia Green, Sungai Nibong Condos and Apartments, and many more. The current already sold/launched new project with 50,000 new units completed in 2015 on Penang Island, how market can absorb?
Chinese only plan for 2 kids. Just nice for replacement. It will hit 2M but not from chinese or penang ppl. Hopefully OEM stay in penang and that will invite other state ppl to stay in PG. think about it.
Na Keat…Good then. Propertise price = location, land, income,population.
population HK = 7mil, PG = 1.5mil = 10 years to reach 3mil also difficult.
Land HK= 700sqkm, PG = 1000sqkm, Pls bear in mind the airport and them park already take out 10% from land reserve.
Income HK = 10000dollar (RM4k) for a waitress, PG = got 1k u can laught laio, 10 years to reach that level?
Location HK = World top3 finance center, manage to attract lots of financial expert, servicing line..etc. PG = Got lots of manufacturing factory which BY DEFAULT is a low cost center…10years from now mitigate to ?? Wafer FAB operation like taiwan, singapore? or Low cost manufacturing hub?
Managment HK,SG = public transport, politic,systmatic….etc. PG got what in 10 years time? MRT? Better Bus interchange/route, facilities management and systmatic planning on development???
I didn’t see any can compare with HK/SG in 10 years time from now. So will the propetise price follow as well?..Key point….POPULATION, INCOME LEVEL, ATTRACTION
@david
You already plan to migrate to other countries?
About how far wud be the distance between tower AB and the opposite tower DE? Will they be
closely facing each other?
May I know is this project residential title or commercial?
@david
In this case, u reserved your comments above
@WTH
Got ton of ppl out there holding more than million worth of assets. I mention HOLDING is because is belong to Bank till u settle it. But the key point how much return generate from those million assets? Most of the ppl will tie up with only 1 asset for own stay and no way for them to build the investment for financial freedom or retirement.
From this web (property), I observe lots of “investor” buyer, homeowner…are over commited. Half of million for a condo with our salary level in Malaysia….oh Man. I’m not to pretend to be saver but eventually I love to seeing the market trend to be this way. More ppl die will create more opportunity for me. Sry to say that, but this is the fact.
I’m just an ordinary factory worker, and i’m looking for new house for my family. Frankly, with this OI >500K consider almost hitting limit for my monthly commit. I hope I have same amount $$ to invest like you guys do.
@david
Nothing wrong with Ur decision. No need to feel sorry about that. Someone make money mean someone is losing money. Market is fair.
@david
Your comments are always valuable but today i might not be able to understand all. Is it too late if one day I can understand? When can I reach such level? I still have 20 more years to pencen, and don’t know still have how many 20 more years to c the market?
Old bird is old bird.
If I’m too hope to see the future market trend to be this way (meaning house price keep going up but more & more people are not be able to own a house), am I wrong? Is it too selfish? Or am I naive?
@Bubble
No commercial lot
@Alvin
Give you a like ! I have a same concept as well. Hope that you are right .
Tower B open for booking adi? any1 know how is the Tower A sales? fully booked?
For early buyers, after completion do u think the price will reach be 480 or 490 per sq ft?
Yes, for those who do not have holding power or over commit will create more opportunity for those have buying power. So ur how many of ur property bought below market price which ppl force to sell to you as they over commit?
@Alvin
Alvin, actually I’m not too old to call old bird. I just 35years old and my kid will be in P1 next year. What I can said is I start very early stage which having my 1st propertise at age 22 which that time cost me 190k with 1k commitment and this is for my own stay and just settle the loan 4 months ago.
I only make 2nd purchase on year 2005 (182k condo) with 1k rental (now 1.2k). In such I need to cover around RM300 to cover the loan + facilities fees.
3rd Purchase – shop losts (1.8k rental), 4th purhcase = office lot (1.8k rental), 5th purchase – condo (1.3k)…the list will ongoing…..1mil good debt with 6.1k income (nett 5.6k).
Alvin, what can I recommed is read lots of asset management books. There are at least 10 over book in popular for reference. Choose the most suitable and conformatable style or method. That’s why I don’t have 10 or 20 propertise with 5mil good debt..etc, because I adopt the my own method which I feel more safe even is slow. No such thing too late to start, problem is u not even start.
Don’t ever to predict the trend and if u doing this = gamble, assumption should base on facts and data, exp: 24% brankruct is due to hoausing loan, 12% due to card, spain jobless rate 25%, greece need another 10billion Euro to cover the hold…etc.
Just follow the method from those GURU (books) or ppl already prove it’s work and it’s achiveable. Key point “SURF THE WAVE”.
Please… to own a home is not too hard in current market. Set ur budget, 150k to 300k from 700sqft till 900++ sqft is good enought to start a young family. Build foundation and start the investment after settle down which most probability 2 to 3years later. Every year make 1 purchase or every 2 years 1 purchase,…slowly and surely u will achieve what u want.
Additional to add: Insurance coverage = 5 to 8 times ur family household income, 6months emergency saving fund (unit trust, FD,saving). All this basic financial practice need to fullfill 1st before start ur investment. Propertise must cover with MRTA…etc walao so much thing to share…cut short…go buy those book and read it. :).
@IamBroke
Tell u what…I’m going to cash out my propertise soon (own stay unit) – Move out to other nation. With this money (bank loan settle). I plan to make 3 pruchase next year.
I’m not looking for “below market value” propetise, I ONLY looking for potential propertise with at least 5% rental return even can’t generate +ve cash flow from it. Did’t get me..go read books.
So with my “criteria” pg new development assets = FAIL, BUT there are lots of hidden jewel in 200 to 300k condo, 300k to 500k shop office. With current holding in pg market that I had, I will switch focus to JB condo and mainland (Kulim, BM) shoplots. I’m not saying pg market is dead, but I will stay aside till it cross to my pruchase criteria. I also don’t want miss the BOAT as what NA keat mention….HK price in 10 years wow…
Do some study in other area and u will find very attractive investment other than pg.
@david
Thumbs up! optimistic and smart investor i would say, books really help you many!
Just received 2 sms from developer stating that they will bank in the booking fees (10k) cheques and the other saying that panel bank will contact me soon for loan application.
@neub
Is a good news, looks like the project will implement as per their timeline estimate to sign the SPA by year end.
@david
Any good recommendation for rental yield property?mind to share?
Yes, me too. Developers
will bank in our deposit
cheque on 8/11/12 into the
stakeholder’s account.
Thinking of letting go my unit in Tower C with ~RM390 per square feet. Interested party, please sms me (017-6839189) before returning to the developer.
@mayu
What makes you make such a decision like this? mind to do some sharing?
@mayu
looking for quick profit before the booking fee being bank in??? This is easier job than those Bangla that need to queue for hours for some previous projects…
@WTF
Wow, is it this going to work? profit by how many percent?
@IamBroke
Doubt it will work. ….if I am not mistaken, the offer letter you signed with IDEAL did mention cannot transfer the name to other person (maybe family yes).
AFFIN BANK call up for OI loan application.
flexi home loan (charge rm35/withdraw)
BLR – 2.4
up to 45years
2nd car park 25k cannot be included to the loan. (affin bank).
Anyone of you can share other than affin bank?
@Alvin
For those who plan to include 2nd car park to loan can forget about affin bank.
any better offer than Affin? I hvn’t received any call yet.. 1st house, gan jiong!
which branch of Affin bank handle OI loan?
I’ve asked Affin bank about the additional car park. She said it depends on the agreement of the developer. If the sales receipt does not indicate the additional car park that we are gona purchase thn they are able to proceed with the loan. So i guess m gona go with Affin cos the tenor is up to 45 years….commitment not too heavy. Just in case you guys need the number for Affin Janet 0164211864.
oh sorry 016-4151864
Any one try AmBank?
How about maybank bank and public bank?any good offers from these banks?
Want to let go my unit in tower c.. 1200sf 385+ Psf
Interested pls let me know here..
I receive call from may bank staff. The loan can include car park.
JL
What is your unit number?
Dear Mayu & JL. may i know which tower and which unit? type A or type A1 and master room facing east or balcony facing recreation park? thanks alot. my email propertyhy@gmail.com.
@david.. thank you for sharing your knowledge.. mind you.. i already 34. but dont hv any house yet.. renting since day one working.. haiz.. i always do things like tortoise.. very slow in evertyhing…do u think RM450K for 1200sft can be my first house? as you mentioned by small one slow slow buy few units.. and what GURU book can i should buy? thanks a lot.
@Myhse hy
Milan doshi – Good reference book.
Question: U Single, married? Single – 700sqft will do – 200k to 300k
Married, small family – 800 to 1000sqft – 300k to 400k
Commitment? = Car installament? Proton can laio, at least with some safety feature.
Salary income? 4k in pg should be good.
Insurance coverage done? at least 5X of ur annual income
Saving/months? Kept ur saving then only expense, a good example is buying insurance. Auto deduct monthly from ur account.
Suggestion:
1) Buy sub-sales unit and start converting ur rental to installment. 300k condo with 90% loan. U need 15% (10% + 5% lawyers, title transfer..etc) cash. Minor reno…50k kao dim.
So 270k loan = 30 years 1.3k. U need about 1.5k to maintain the unit.
2) If u are single, rent out 2 room to ur friends to offset your installament. (Female need to be caution).
3) If u facing capital issues – Fund from EPF account 2. Kept ur ‘extra cash” for asset investment.
4) If taken 40k from EPF and u only need 10k saving for ur “sweet home”. Kept ur 40k cash for assets hunting.
5) Look for condo around 150k for ur 1st target (Bj condo, leasehold unit..etc). Loan 80%, 40k enough to grap it.
6) 110k loan, 25 years = RM600, Bj court can rent at least RM700, RM800 t0 900 for furnish.
7) Get marry if not yet, build ur family by 40 years old.
8) 2nd asset investment can be start at 41 years old,…3rd assets 43 years old….4th …45 years old……….list go on.
You may refer below link as well to capture some concept and book recommendation. Happy Hunting.
http://www.zillow.com/blog/2012-04-12/rental-property-investing-101-%E2%80%93-tips-for-future-property-moguls/
http://www.iproperty.com.my/news/1118/retire-young-by-investing-in-properties
http://www.starproperty.my/PropertyGuide/Finance/3674/0/0
@david
Really thank you very much David, happy to see your explanation in the early morning.. make my day, i got idea now to start the new challenge life.. will find the book and start do some planning d…
@david
Good advices. Want to get advice from you how to avoid or settle “chow kah” who don’t want to pay rental.. my frenz got big problem before where have to go through the court and the house has to be “closed” for 3 years.. no income, somemore the house is in bad condition after got it back. He tried varies way including cut water cut electricity and finally no way out have to sue the guy and blocked the house with court order.
@tt1
. Seen my luck is good for the past 10 years, hope it’s contiunes for another 20years… 
Happy investing.
Sry, I don’t have this experince before. But u can refer to book author by Renesial Leong (forget the title of the book). In there, she teach to spot and identify the good tenant. And also what are the tricks to hold them back for long term, this included the residential and the commercial.
Personally (most of the guru also think that), residential is for a start but commercial is the 1 that bring u further. Rate/percentage of “refuse to move out” by commercial tenant I think very rare compare residential. Run away from 债主 before u can chase them out 1st.
I think ur friend did the right move, cut all the ultilities then court case. But before that, try to understand why they refuse to paid the rent. Hope ur friend don’t stop for investing after this incident. Is not smooth all the way, if not everyone become millionair laio and no 1 want to rent from us.
@JL
I’ve got a friend who would be interested. Why are you letting go?
I like the methods
well done David
The agent told me jz nw that can’t let go before sign s&p..any1 interested I can maintain the unit for u..gv me ur mobile v discuss..
Hi JL,
May I know which floor and facing which direction?
@Alfred
Gv me ur mobile, I will call u..
@Alvin
Any upgrade plan to Persiaran Relau, parallel to the new 66′ road ?
@Leo
I guess they do it phase by phase. Maybe after TGT completion on start upgrade the surrounding roads.
I notice the access to inner area of OI has almost completed. No bad, quite wide.
yes.exactly.
new build of proposed 66“road at jalan paya terubong of TGT area has started.
Top 3 popular post: GV, OI, SR. All in same piece of land.
Any news about Tower B? Long time haven’t visit their showroom d.
And Maybank and Affinbank start approaching me for bank loan.
@Bryan
What is the package for Maybank?
@IamBroke
Maybank offered BLR -2.4. That is a standard offer right ?
received call from ocbc, affin bank, hongleong. all standard package blr-2.4.
Alvin,
do you have the contact from the ocbc banker?
CT, I just have a package from ocbc with the blr-2.45.. due to we go in as a group. If u would want to join us..welcome u to do so..but need to hurry as we are goin to sign S&P with Permatang Sanctuary by mid Nov.. u can call me at 012-4507531- Angel.
@CT
0164455471 yeap (panel banker of OI)
Looks like OI is exempted from the new guideline for Traffic Impact Assessment with the large land size…density just nicely under the ratio of 87units per 0.4ha! “count until grass also dead”, hee hee….I think the near by SR & GV are not so lucky..may end up need to do the road expansion works… hee hee hee…
@hunnyshinez
Can I join?
Blr-2.45 max how many years?
@JL.. the package that I got is whole tenure.. could u msg me? Will let u know more details..
@hunnyshinez
My mobile 0164121027
dear all, could u pls share the loan package that u get and choose? so far AFFIN got the longest tenure & BLR-2.45 (OCBC) is the best rate d right? Which bank still can offer such package?
@ JL…ok ..will ask that agent to call u.
@ hunnyshinez
I m also interested in the ocbc blr-2.45. Pls include me in. Thanks. My Hp 0174616388.
So far may bank n hong Leong offer blr-2.4 only
Hi KHC…Do call him ya..already give u his number.. Good luck…his name is Soo…
Hi hunny, I din receive ur msg. U mean u adi let him, the ocbc guy know n he will call me? Thanks for sharing
I also interest on OCBC. Can mail me his contact? onered86@hotmail.com. thanks
Hi,
I do not receive asny banker call yet. What happen to me? Which bank that under OI panel? can anyone list out? Thanks
Dear all. I am a may bank supporter coz I prefer to pay my housing installment via maybank2u. I just called the agent from maybank, if we manage to gather at least 3 person and above, we may get better rate as we have better negotiation power. If you prefer to get the loan from maybank , please send your contact to asteeho@hotmai.com.
. Our aim is to get higher than -2.4.
I have 3 pax here, aim to get higher loan. Please let me know which bank offer better rate… Thanks
@khc
Hi KHC, Yes..I already provided ur contact to him…I guess he wil call u tmrw…
@onered, already email u his contact..
@hunnyshinez
Can i have the ocbc banker contact also?
@TS
Count me in.. aiming blr -2.45 for 40yrs (flexi)
@hunnyshinez
U refer so many cases to him, can get much better offer? -2.5?
I am also interested in ocbc. May i have the email address? Thanks.
@JL
JL, There are total of 5 OI buyers in the group. You are included
I
just informed the agent and asking for the best rate. Please send me your email so that I can keep you in the loop.
@TS
Hi TS, do you mind share wif me the ocbc contact? i m looking for banker as well.
My email: kentkean88@yahoo.com.
Thanks much.
Hi TS,
Can i join your group?
@newer
Sure ! Please send your email to asteeho@hotmail.com.
I will keep you in the loop when I have the feedback from the banker.
@Kent
Seow Chong Zen
Mobile : 012-567 5050
Actually, I just received the email from Mr. Seow adn I dint inform Mr. Seow about the group purchase. If you can get better rate from Mr. Seow, please share with us.
For me, Maybank is the preferable bank, but if OCBC can give better offer, I dont mind to deal with them.
Hi JL.
Im sure he will try his best..
Since so many of you, u all could try to negotiate with him….
Newer, Kent and TS .. can u sms me? Then i will provide the agent contact to u and those that is really interested… 012-4507531
since so many of u interested…below is his details
Mr Soo
Mobile: 012-5531266
Bank: OCBC
PBB also offer BLR-2.4, if OCBC can get BLR-2.45. I interested to approach OCBC too.
Dwnoman..u can call Soo..he might be able to help..he wil try his best….. u just mention my name..angeline.
@TS
jackloke@live.com
@hunnyshinez
Any different on the loan application between individual and group, besides the higher rate? Any limitation? If Group, do we need to accept the offer at the same time?
Hi there, any1 notice that actually on the site the Aik Hua Chinese Primary School was not there physically. But why the picture (as attachment) shows the school was there???
any1 receive call from OI stating that DIBS now is 100%!!!
@Gary
Jz received it.. any more good news?
wow.both of u updated the good news quite fast.
I’ve called up IDEAL, YES. 100% DIBS. No more worry if they cannot deliver this project on time.
somemore,they provide 4 unit of air-cond plus installation.
Wah… the game is ON.
IDEAL announced giving 4 aircons and 10k discount for second carpark
Last tower B opens
@Alvin
another thing is, free 4 air-cond… yeah~~ OI good try to catch on path wif recently launch SP & GV. Hopefully there are more offers to come…. 😛
well…. good news hav to share wif neighbours ma
any1 any1 can advice my question ma?
any1 visited the site?
4 air cond and 100% DIBS for all Tower, but the 10K discount is for the last open Tower only.
Dear Mdm and BornInPg,
The DIBS 100%, 4 units of air con and 10k discount for 2nd car park are given to ALL buyers or only for Tower B buyers ?
Extra 10K debate for Tower B buyer.
@ Mk.. Ya I think almost same time need to accept..
@Gary
http://thestar.com.my/metro/story.asp?file=/2012/6/18/north/11428964&sec=north
try to read this article.
Dear One Imperial buyers, in
appreciation to your
valuable support, the
management is pleased to
reward you with the
following freebies for
purchase of unit at Tower
C,D & E.DIBS until V.P.,
free SPA & Loan,
complimentary 4 units
of air-cons with piping &
installation. Syiok!!!!
@Key3hky
How about freebies for Block A & B? Block B launched? What is the psf price?
Block A buyers have been offer the same goodies too!
Same for Tower A & B. On top of that, Tower A purchaser who registered to opt for extra cp (before today) will get special price at rm15k instead of rm25k initially.
How come tower c d e not offered the rebate 10k for second carpark? We were so loyal to them right?
Agreed with khc.
Maybe cause tower A n B selling at higher price per sqft… Not too sure though
RM420psf for Tower A & B and rebate 10K for additional car park.
Freebies 4units of air-cond + 100% DIBS for all Tower A,B,C,D & E buyers.
Previously free snp only not even free loan right?
Free loan means free loan agreement or what?
Benefit of intense competition.
@khc
Package stated : Free legal fee and disbursement charges for SPA and Loan Agreement.
Then you should change your unit to A or B.
Should all the purchasers of block C, D & E put pressure on ideal to provide the same $10k car park rebate to us? How come the loyal customer get penalized?
Exactly!
Can consider dropping your unit and go book A or B.
@Mdm
Good idea…. I am considering to do that….
@Mdm
Let know when you do that
You should talk to @ST
@Mdm
SRS . You wanna change to Tower A and B as well ?
@ST
Not really “yet”, If the boss of ideal sees the queue infront of GSDLand started tonight, they may consider to give more goodies. Hahaha, and we should all gang up and start queueing now.
Hi OI buyer, I am interested in OI, But I wish to know OI buyer is to pay 10% downpayment or 5%? and when need to pay? as soon as we get SnP and sign which is around Dec? Sorry I am a noob in property. Just started to look at it.
Top : One Imperial: One Imperial, strategically located within the establish township …
2nd: Gardens Ville: Gardens Ville, part of the integrated lifestyle development by GS…
3rd: Setia Pinnacle: Setia Pinnacle, part of Setia Greens residential development in Su…
4th: Setia Greens: Setia Greens is the latest residential property development by SP Se…
5th: Sierra Residences: Sierra Residences, an all-in-one integrated lifestyle development …
Wow, top 5 forums, all from properties of Sg Ara!! Sg Ara rules!
Dear all, tower a & b free 2nd car park or rebate 10k?
Tower A & B shld b free 2nd car park instead of rebate 10K.
@JL
One of the salesman told : The new package for Tower A and B is , 100%DIBS, free 4 air cons, Free 2 car park, but selling price is a about 43X per sqt. The 10K rebate is for exisiting Tower A buyer.
Should have 10k rebate or replace 4 air conds with the rebate for the tower C, D, E’s 2nd car park to reward the loyal customers
10K rebate more worth than 4 air cons plus installation. 10K vs 5K
Agreed, should have the same package for All tower buyers.
If more and more ppl withdraw from One Imperial project, Ideal will revised the package again. Haha….
Think of the cancellation, and out of sudden, Ideal give 100% DBIS and free 4 air-con. Good to have 100% DBIS as this is what the market offer. wonder why there is 80% DBIS in the first place. And for the 4 free air-con, it is better to give us rebate instead. Every owner would have different preference on the type of air con, and also the air-con + compressor location depend on the individual ID.
And, with the free 2 car park for A & B (Or 10K rebate for A existing buyer who purchase 2nd car park), the average RM psf is almost the same with C, D & E. This put C, D & E in disadvantage situation as A & B are closer to guard house.
Lets all individually call Ideal tomorrow to ask for the same deal. 10k off the car park.
To be frank 25K to get an additional carpark is pretty expensive. It seem the developer want to push the tower A & B unit finish sale it off faster so promote such offer. I think the Tower C, D & E still cheaper than the rest if it is selling at RM430psf. But the price delta gap become smaller after developer announced free 2 carpark for Tower A & B. However, a bit disappointed with them because I just went there on last weekend ask for when the Tower B going launch but they reply still don’t know yet now suddenly open for sale already. Anyone can advise how many units still left for Tower A and B?
Not fair………….the 2nd car park should offer 10k rebate to all towers.
Example,
Tower C, level 03, 1200sf, RM456000+25000 (cp)=481000
Tower A/B, level 03, 1200sf, RM504000+15000 (cp) = 519000
The gap’s there.
Correct me if I’m wrong.
@Bryan
It looks nice if installation air-cond+compressor location at the same place of whole building,isn’t it
D&E 1200sft is better than A&B. Got pool view and further from guard house.
@Alvin
Tis is based on if 2nd carpark rebate for 10k. If 2nd carpark is free then the gap will be less. My concerned was i am a early bird booking tower E and very limited choices for me to select abt half of million property is really not fair.Is better wait for tower B open maybe got more choices and cheaper unit than tower E.
@sp
How much gap considered fair for 2-weeks-only early birds?
How much they selling for Tower B? 430 per sf ( with 2 car park)? Tower A 420 per sf (with 1 car park) addition car + 15k?
i don’t think tower a n b comes with free 2nd car park, but even if it does, as Alvin, mentioned, there are still some gap in the pricing…but maybe not that significant
but i up for 10K off 2nd car park price for all towers…Who doesnt anyway?? kakak
This is to compare with C, if additional 38K can get A&B, it is a good deal. Some more, D&E is selling more expensive that C, so, the gap is no significant anymore.
If a condo launched tower by tower, without significant price increase like other projects, something wrong somewhere. Could be the market is really slow down and developer have to scratch their head to get buyer.
Look nice externally but how about internally? The developer can be cut cost and install the air-con close to the compressor possible, then the location will no not nice. Imagine if they install the air-con on a wall that you want to do full height cabinet in your room, or above the TV point. Also, 1.5hp is not sufficient for my 1200sf. my existing unit got 2 X 1.5hp air-con. So, I still need to hack the wall to install additional air-con, or change to 2hp. Worst if they give you china no name brand air-con, hopefully not (Panasonic basic good enough for me).
Anyway, give rebate is more realistic.
A&B 1200sf also pool view. The layout above outdated.
Offer comes after booking sure will create a lot of noise, especially unequal treat. Ideal should do it right at the first place. Launching of GV and Pinnacle is not today’s news.
tower B sure is free 2 car park. However, it will be at least 430psf.
if this is per some of your suggestion, tower A should be deduct 20k for 2nd car park on 420psf?
Since the gap is not so significant. the different is 10psf.
Another never ending story…
40k gap for 2-weeks early bird not significant is it?
@hunnyshinez
HI TS, can I join as well? Here the number..012-4292090
OI only launched 2 weeks ago?
Please understand the different between towers. C, D & E open for booking at the same time, but selling at different price, because of the location. And A & B have much superior location than C, D & E. So, A & B compared to C (worst location), 38K is really no significant. Compared to D, could be only different by 20K. So, can conclude no appreciation in price from launching to launching.
@Bryan
I am talking about time lag difference between the CDE launch and A launch, it is only 2 weeks. You already take 40k in two weeks. And why A&B location is superior than D&E?
Easy access to the guard house for A&B. C is the furthest inside and without pool view. The price different is because of the location of the block. 1 purchase D 1200sf with 530K and upgraded to A 1200sf with additional ~30K. Now the different is only ~20K. Both pool view.
If I get it right,
C – 380psf
E – 390psf
D – 400psf
A – 420psf (with 10K rebate, now ~410psf)
B – 43Xpsf (someone mentioned it above), free 2nd car park make it 41X psf.
C may not want to upgrade, as for me, buy C mainly because the cheapest. But if I were D owner, I will regret not upgrade to A earlier.
Anyway, I did not use the actual number as i don’t know. Someone know it may help to calculate it out.
@Bryan
If you really need to walk out to the guard house daily, else nothing special on A&B, plus nearer to rubbish dumping area. Health comes first.
Checked with OCBC, they are not giving BLR-2.45%pa.(for bulk buyers) you guys better be careful and not be cheated. All banks are offering the same rate as agreed between the developer and the banks. The only difference is the bank tenure and features.
Hi Summerstyle.. Yes they are givin the market rate of -2.4. (Standard). The agent has to negotiate for u to get the better rates… why wan to cheat on such things? just get the offer letter then u wil know..Im not sure about other bankers in OCBC..
but for the agent that deal with me..he managed to get for me blr- 2.45 when i purchase my Permatang Sanctuary project. I just signed the offer letter 1 week ago. And 3 of us is enjoying this rates..
there is no harm in getting the offer letter out..then only u guys starts to compare.. Im sure u all wont go for just one bank to decide !
Just went to ideal office Tower B is RM440 psf with 2 car parks.
@Bryan
You get the Tower D & E price mixed out.
Each tower got pros/cons
C – RM380/sqft (cheapest, s.a building; no view)
D – RM390/sqft (mediocre; inconv. for visitr)
E – RM400/sqft (v nice poolview; inconv. for visitr)
A – RM420/sqft (s.a building, nice poolview, near gh)
B – RM435/sqft (same as Tower A)
Near guard house is good if:
1. Not all family members got transportation.
2. When you have the 3rd car, which need to park outside.
3. You may not want to drive every time you go out. Example, go to the market, shops at SR, GV and TGT.
4. Friends & relatives visit or drop by to pass something to you.
If you stay in Hamna block K & L before, you will understand.
I was told that D is more expensive than E. The sales compare the same unit price for me before.
Tower A & B is free with 2 car park maybe due to developer does not want to ended up with leftover carparks as some ppl does not buy 2nd carpark. Anyway, after doing some calculation. Twr C, D, E are still cheaper that A & B… balance unit of C,D,E with 1 car park still have to pay 25k for 2nd carpark.
Lets observe GSD take rate this weekend. One Imperial & Setia Pinacle are both consider good since they have yet to officially launch it and start their advertisement campaign. Usually with ads, it will generate some 10 – 15% sales again.
Sure cheaper, but mainly because of the location. Less towards price appreciation. I repeatedly say this so that ppl won’t get the false impression that OI price already appreciated from 380psf to 430-440psf. 380psf still selling at 380psf today, right? Anyone can confirm this?
@penangspy
if CDE got discount on 2nd car park, then those investors can earn more after sell. Now look like earn less sure “beh song”.
Just some unofficial information that OI 60% or above are bought for investment only.
You should switch since you justified that A&B has better location, worth 40k extra.
I think either investor of for stay, both will be “beh song” with this cause need to pay more.
The key discussion is not which location is better. I give this view because you asked the question. And explain to you why A & B is more expensive (because you asked also).
I get C and I think I should be entitle for the 10K rebate for the 2nd car park as well. This is the key point.
For Tower B i think is almost same price is Tower D…Let see below calculation
Tower B
Rm435 per sqf x1200 sqf= RM522000 (With 2 car Park)
Tower D
RM400 per Sqf x1200 sqf= RM480000 +1 car Park RM25,000= Rm505,000
Ideal really do a bad deal. With only extra RM17k i can get better view, more convenience compare to those CDE.
For those who have choose bad unit at tower CDE, you may choose tower B now. Since the difference not much after adding up the floor premium….
Correction Bryan, these day mostly are 80% investors or even higher. Whether it is IJM, BSG, E & O and so forth.
Correction Bryan, these day mostly are 80% investors or even higher. Whether it is IJM, BSG, E & O and so forth. Each time when there are new launches, can see many familiar faces around.