Another new upcoming condo project at Jelutong. Admin, have any price and location for this condo?

Just beside the sungai pinang smelly river.

haha, i tot it is a leasehold land?

RM485psf after the 5% rebate. So, the starting price should be in the range of RM650k onwards (for city view), and sea view RM708k onwards. Every 4 floors add RM11k.

Sea view can be very noisy, traffic flow on coastal highway. I think a lot bulk buyers already sapu most of the units, very good investment for zero interest till completion (if not mistaken, zero interest during construction).

forgot to say, if want to buy, hurry, bring money for booking now, and this saturday can sign some documents already. a lot units were taken up. not many left.

Another condo in Jelutong?

And why all Jelutong project like to build BIG BIG and above 1200sq. ft and price their unit above RM600K ar?

Anymore units below RM400K in Jelutong? Straits Garden Studio is around RM400K ++++ but fully sold out……..

Another hotcake? Will see. I’ll stay sideline.

just booked a unit. booking fee is RM15k. Must know the agent to book. Sat just sign paper.. I think Sat only left with big units.

wow! booking fee already 15k! how much the unit? sq feet?

every 4 floors increased by RM11k. approx RM500 sq feet

got the developer website?

@Elmo
Can u give the agent contact?

can pm me elmoole@gmail.com

pm me elmoole@gmail.com

@Elmo
Where is the Private launch this Sat..?

Sandilands will be launched on 21st of July 2012.

Venue: Menara BHL, Ground Floor

Time: 10am – 5pm

Please proceed to register to enjoy

Early Bird Incentive Package!

5% Rebate

Free S&P Legal Fee

Free 1 Car Park

just 1 car park? commercial title?

@Elmo
during launch only go, habis dijual. Go to contact one asia property agent. if your budget in RM700k plus minus range, then only go to book.

@YS Ang
1 car park.. additional carpark is RM25k extra. Residential title.

pls contact Jennifer of OneAsiaProperty if U wish to book. She is very helpful. Gud luck

@Elmo
Wah, RM650k to RM800k condo come with one car park?

Honestly..Penang property really on the high side compared to others states. Location wise, I think it is strategic but over price. Even recession, max it will drop will be 20% but don’t forget in year 2016, US economy should be recovered and Malaysia currency is another problem. It is weakening. The price will sustain for a while and won’t drop like to level year 2007.

watever it is, property investment is d best hedge against inflation!

Property is one of the best hedge against inflation IF BUYER buy in good location and surroundings.

Jokingly…i think it cud be called as Muddylands as i cant recall there to be sandy.
The smell stench are simply overwhelming esepcially during low tide.

Not a bad location afterall but other factors need to be count in too. do more research la…eg site visit!

one cannot have best of both worlds!

No more early bird. Crazy bird instead

Angry Bird….all units sold out?

bhloy :watever it is, property investment is d best hedge against inflation!

1. To hedge against inflation, unless you buy with CASH. If you buy with loan, the BLR can kill you too. Last time the BLR was >10% during recession in 80s/90s.
2. The price can be terrible if really oversupplied/overpriced. The US subprime issue is just not too long ago. Also recently a lot of investors seriously burnt their hand in China property market even invested in super-prime area like Shanghai & Beijing.

China property is rebounded back. Many are local buyers, not international investers. For international invester to invest in local like Penang, we are still not mature yet, and still in the young stage of growing…

always too dangerous to depend on foreign purchase. local is better.

the developer website is as bellow… but em…. duno… after i see this website, it decrease my confidence, cuz the salesgirl told me that this so called Heng Lee is a very BIG developer….

http://heng-lee.com/

@ppl_friend
Interesting…. Big developer can’t build a website. Can they build a condo? What a confidence statement. Haha

I have confidence in the developer but not sure about the high price of the maintenance, per month estimated to be about RM300. I am not sure if willing to commit to so much monthly amount on top of the monthly bank loans? Also not sure if the water taxi mentioned there will ever take place.

Crystal Ball… Buy with cash? That’s not how it works… I think you are a bloody joker.. But I respect your beautiful insight 😉

@ppl_friend

If you are at your late 30s, you should remember Ban Heng Lee Bank, the bank is being merge with Southern Bank, subsequently CIMB.

I believe Heng Lee is the original shareholder/founder of Ban Heng Lee.

Got DIBS?

If price around 485 psf, compare to straits Garden Condo of RM530 psf. Straits Garden have DIBS, so no payment of interest until VP, i roughly calculate, the interest bearing is approx. RM50k for RM780k condo with 90% loan.

50k /1350 sqf = RM37 psf. So price about same…..

Any comment?

CK :
Crystal Ball… Buy with cash? That’s not how it works… I think you are a bloody joker.. But I respect your beautiful insight

ck, we are talking about hedging inflation. you need to buy with cash, turn cash into something more valuable like property or gold… if you are just flipping with loan facilities, then you are the joker that going to be hand-burnt during downtime…

@People
Should be Ban Hin Lee Bank not Ban Heng Lee. Sounds alike but are they same?

@People
DIBS is now part of property game rule. Unless this condo is super cheap, reputable and yet buyers still craze about owning an unit.

How is the demand? All unit sold?

Worth to invest? Or it is suit to own stay?

can have sea view? or smelly and dark coloured water river view?

@CBS
While you’re asking this kind of questions, you may have already missed out the chance to buy one.

went to survey the exact location. still have slaughter cows ‘factory’ there. However from Sandilands, won’t be able to hear the sound. Need to double confirm this slaughter cows activity will be moved away or not.

clarke quay in the making? It will be nice actually..

Tower B launched. Still have some good units. Can Call Vellyn @ 016 422 0124 for more information.

So how much psf for block B?

Looking at how the building being build:-
1) Tower A is besides the Sungai Pinang. Tower B is besides the Jelutong ExpressWay. Unit infront facing the cross or intersection of the river and the highway. All units facing C.Y Choy will be highly expose to sunset.

2) As stated by the Agent at the sales office that developer is big time developer in Penang. I’ve no doubt but yet after browsing big time developer’s officer website is still under construction. Please help me to clear my doubt! @ppl_friend http://heng-lee.com/

@Ah Dog ” While you’re asking this kind of questions, you may have already missed out the chance to buy one. ”

it’s better to give us a clear and arguable statement for better sharing rather than mislead people with this simple and general answer

thanks for the info. i know all this, they told me that too. i just wonder why dont they build a proper website so that ppl may have confidence on their project:). i heard about Bang Heng Lee, but imagine if you see a website like this?@People

@letsgetfat

i think Bang Heng Lee is Hokkien Gua…lol…

If not mistaken, they outsource the marketing to an agency, normally big or medium developer would have their own team…..

@ppl_friend

dun think they are big time developer la! when U say big time meaning u r comparing with IJM, SP Setia, Ma Sing etc etc. S long S they can do a reasonable good job and deliver, i think its acceptable. Which developer can be really trusted? They are all after our $$$, and tats the primary objective!

I heard about ban heng lee and really hopes that they will do well. i wont be buying this property. Looking forward to hear from them with better location. Of course there’re still buyers buying it. Thought of staying but a big no no !! with Sungai Pinang and highways at front! Sunset at the back! What a waste!!!!!! Indeed.

@bhloy – there’s always the supply and demand theory about this. You like it. you buy it. this applies all aspect. not just in property. Who doesn’t go for money bro~~~

You mean sunset facing sea or sun set facing city view?

Those missed the chance. Tower B still have 50%. 28 – 29 July from 10:00 to 05:00 pm @ Menara BHL

sunset facing the city view….

@Penangpeople
yes for sure i hv dun so! just love dis location and opportunities ahead!

@Penangpoeple
Thanks for your detail info. You may be one of the ‘friends’ that i know in One Asia Property Yes, this is a very good home for those would like to enjoy ‘old Penang’ living environment.

@Ah Dog
I would rather wait for other better option. 1300++ is an ideal space for own living. i decided not to buy not because the concept but the exact location and layout of the building.

oh i did went to the sales office but i didn’t recall u… are you the staff in One Asia????? i didn’t even spoken to anyone not even the sales person.

this condo located at in between Town Area and Sungai Pinang/Jelutong Area.

In Near by this condo location or area. we only can found same type/size with this condo-
Town Area: Times square, or old building more than 10 yr old.
Jelutong /Sg Pinang: [Summer Place,The Spring, Summerton (lease hold)], straits garden,grace residence, some condo near to parak lane.

so in above information what we can see is, in near by sandilands we cant found any condo value that this, why???…

-because condo of times square is very nice and convenience, but very hard to entry car park, and in future if the shopping mall is ‘hot’ than will be more trouble to the house owner.

– The spring or other IJM project all is lease hold and nice view, but all is “sea land”!!!!

– For the few project coming soon at PERAK LANE is problem for the ROAD!!!! cause in perak lane area all the road can call “lorong Kia”. so in future house owner will suffer for Car Park lot or Jam when u back/out from home.

– Straits Garden is NEW and the surrounding also not much condo. but one thing is this condo is very near to the BIGGEST “Indah Water” in ASEAN!!!!

To Me i think Sandilands is very location , cause beside this condo only can found low density apt, and also very nearto wet market.

**** the above comment is just my own sharing ****

THANKS…

This news maybe increase sandilands value.
http://limguaneng.com/index.php/2012/07/31/penangs-heritage-square-reclaiming-public-space-for-penangitesencn/

Conceptually it’s brilliant. But compare to Light Linear with more completed township planning, Sandilands just another “summer place” with freehold title, but 650-700k (1CP) compared to Light 800k (2CP), i would rather splash money onto Light which eventually profits can be doubled.

I am interested, any unit left?

Look for Vellyn @ asia property. Very helpful. 016 422 0124.
Can go to Menara BHL to take a look.

hi, does anybody know whether d project has been approved? When will S&P be signed as its now under the stakeholder. Ta

now how many units available? how much the price? only 1 car park only?
yup, somebody please furnish the website for the approval from government.

Jackie – Tower A I think only left with 1 unit. Tower B still have some left over. You may want to go Menara BHL to take a look. only 1 car park provided but can purchase extra car park at RM25k.

http://www.epbt.gov.my/osc/Carian_Projek.cfm

Just approved on 28th August

MAKLUMAT PERMOHONAN PROJEK
Agensi
:
Majlis Perbandaran Pulau Pinang, P.Pinang
No. Rujukan Projek
:
MPPP/OSC/KT(875)/12
Nama Projek
:
PER : CADANGAN UNTUK MENDIRIKAN : A) 12 UNIT KEDAI/PEJABAT 3 TINGKAT B) 2 BLOK MENARA 37/38 TINGKAT YANG MENGANDUNGI PANGSAPURI KOS SEDERHANA (403 UNIT) DI ATAS PODIUM TEMPAT LETAK KENDERAAN 5 TINGKAT DENGAN KEMUDAHAN MASYARAKAT / RUANG REKREASI DI ATAS PODIUM (PARAS 6) DI ATAS LOT-LOT 44, 184, 191, 192 DAN PT 324, SEK. 11E, GEORGE TOWN, D.T.L., JALAN C.Y. CHOY / LEBUH SANDILANDS, PULAU PINANG (KALI KEDUA)
Untuk Tetuan
:
TETUAN BHL WATERFRONT SDN BHD
Kategori Projek
:
A – Projek Biasa
Jenis Pemajuan
:
A – Perumahan
Rancangan Tempatan (RT)
:
Tiada RT (Rancangan Tempatan)
No. Lot
:
LOT 44, 184, 191, 192 DAN PT 324
Mukim
:
SEKSYEN 11E
Bil
Tarikh Permohonan
Borang3 : Jenis Permohonan : Piagam
Tkh Lulus Jabatan Teknikal PBT
Status / Tkh Lulus
Tempoh
1.
31-Jul-2012
A21 (Pelan Jalan dan Perparitan) : 80 hari
27-Aug-12
28 hari
Lulus
27-Aug-12 (28 hari)

Side topic: The land beside N-park just behind the sanctuary looks like being cleared. Any experts know what is the project and which developer? Is it landed or high rise?

I hope they really implement the monorail project either state level or federal level. I can’t see penang progressing without this as traffic is becoming abit of a nightmare. Public Transportation improvement and infrastructure firm groundwork is definitely the way to go. Without this, Penang just can’t compete with the developed islands such as Hong Kong, Singapore, and even Japan.

Anyone booking for this project? Tower A or Tower B better?

Tower B slightly better in my honest opinion.

compete with MONORAIL? please laer…at least LRT

@Alan
Did you booking? Tower B only 3% compare to tower A 5%…10K++

@1mils

Yes. Tower A 5% discount and Tower B 3% discount but the view in Tower B is better especially if you are choosing Sea View Unit. The sea is to the east remember. Location is strategic. Up to you if you want the 10K plus discount or slightly better seaview in Tower B.

@1mils
Tower B also approx cost 10% more than Tower A. Tower B nearer to swimming pool and also club house. Better view of course cost more. No need to explain so much.

@1mils
Not only the discount different… cost of units also different if you compared same floor as Tower A . So it is >$20k.

@Alan
@Elmo
Thanks!!!

Which type better? i don’t know about Feng Shui. Anyone can help?

Depends on the River… Hopefully by the time completed, the river will be clean.
Type 1 is better than Type 2 design as master bedroom not facing the direct the bathroom. Lucky the toilet bowl not facing the direct the door. Otherwise wealth all gone into the bowl.. lol..

Fengshui very depends on yourself feeling. Just make sure you really like it. Otherwise don’t buy.

mean those ppl buy type 2 need to change the toilet door not to face directly to badroom door.
When the showroom available? is very hard for us to see thru the layout.

@1mils
I don’t think any showroom available but model is at Menara BHL.

FYI my 2nd cents opinion

If you look at the layout, you will notice, the master room and toilet for type 2 swing door in different direction. This is not a straight flows of ‘chi’ into the toilet. Which is better! But of course you type 1 will have issue as well with ‘harmony’ Best to design 3rd room as study room or guest room.

2nd if you look overall landscape piece of land, it symbolized the front ship. So no matter what, the ‘warehouse’ piece of land will be the push factor for the ship to move which is good.

3rd If you notice before the condo, there is a ‘tua pek, jee pek’ temple opposite the “tua pek kong” red small worship ‘hunt’ Although these they are from the ‘hell’ deity.. The condo will be built after the temple. So it not a problem. Those facing the sea will facing the “9th emperor” temple. For me, I don’t like my view to have temple view.

4th if you notice, there is a triangle shape road near tower B (not direct) is symbolized “danger”.

Overall this piece of land head of the ship and by right should be good fengshui for biz people.

@Elmo
Thanks for sharing!
mean seaview, no matter tower A or B will facing the “9th emperor” temple? I tot only the cityview will face the Seng Hong temple.

Anyhow, I’m going to book 1unit.

1mils :
Anyhow, I’m going to book 1unit.

cool! I have mine booked at Tower A. We can be condo neighbour now. My loan was approved a month ago. I can introduce mortgage specialist for you to speed up the process. Give me your email and we can share more if you are keen.

Who is the panel bank for this project?

Cimb, Hong Leong and AM Bank

@Elmo
monster1765@gmail.com
Pls share the panel bank and your offer. thanks!

@Elmo
dafeilim@yahoo.com
Please share with me, thanks.

@Elmo
inghowe83@hotmail.com
Please share with me too. Thanks

I’m lquery why no advertisement for this project?

Assigned to Asia Property as most of their clients are quite affordable. Doesn’t need much advertisement to sell it.

What are the rates for these 3 banks ? Do they tie us down ?

All are the same…

1st year BLR – 2.5%
2nd year BLR- 2.45%
3rd years onwards BLR-2.4%

Once you signed the loan agreement you are tied up with numbers of year of ur loan. Depends what type of loan package u take but CIMB no lock up period. Hong Leong 3 years.

But what is the point change bank as $$ involved to refinance once u signed on except if interest rate different more than 1.5%

Also check out this brochure of top property developers 2011/2012.

http://issuu.com/iproperty.com/docs/topdevelopers

@Elmo.. pls share the bank info to me too….
jcyc6480@gmail.com

@Elmo.. pls share the bank info to me too….
dennis_tay25@yahoo.com

I had already booked one unit at tower A. But until now still cannot sign the SPA. Please advise when can the SPA be signed?

I’m also still waiting.. probably Q1 2013

Consruction 4 years, S&P probably will sign at Q2 after completion of piling works.
FYI

anyone know what happen to Sandilands?
Construction 4 years? S&P will sign at Q2?

1mils,suggestion for u,just have orservation first,don’t rushing for booking….i am interested to buy the unit as well,but i think not worth it,cause pricing is high and that area is not what u think that kind of standard….i am local there…i don’t think u can have nice sea view or city view,but will give u smelly river view(now improve a lot)…my family old house just within the walking distance there….so i know this place a lot(never deny this project is in a very strategic location,this is one of the advantage,other then this i c nothing)…even i am not confidence the developer can complete this project in time,without problem(pl check the website still in construction until today 29 dec 2012

hi, is this a reclaimed land?
thanks.

No it is not reclaimed land.

Next to sandilands is gov affordable and low medium cost housing….

http://www.youtube.com/watch?v=Ru43LR7keQY

If anyone need loan assistance please email me at hehejason@hotmail.my

Anyone buy utility room?

Looks like building work is now starting, handy for Cecil Street Market though for the building workers http://www.malaysianfoodie.com…

Don’t know about the water taxis on the smelly river, but someone has been dredging the river on the other side of the noisy expressway, but good luck to any local investors.

Was worried about increased traffic flow in the area, but doubt these will be flipped over easily to us foreigners with nearby Penang Times Sqaure still having plenty of empty units and also being next to industrial units, nearby and over the river.

Certainly a mixed development.

SnP is out for signing…

Yes.. SnP is ready.
I also see some construction work just began.

What level is 3A for car park allocation? Level 4 or level 3? Can we request change of car park allocation?

@Elmo
I think the car park design is like one floor with 2 level. Just like the Queensbay mall car park design.

Don’t think the developer allow you to choose the car park.

Anyone signed the SnP? Everything same as above Proposed Facilities? How about interior?

@1mils

Didn’t notice any vary~ hopefully everything good and smooth

Can we request the eletrical contractor to add on additional power plug socket?

Green Building Index – Gold rating?

1mils :
Green Building Index – Gold rating?

Said only..

What do you think of the project?
Anymore left?

Location wise..think not bad as it is in Georgetown.
I believe still have some units left but best to check with Asia Property agent.

From RM684,000
Completion Date : Expected 2017

**FREE SPA**
**Developer Interest Bearing Scheme**
**1 Carpark**

Limited unit left.
For further enquiry, kindly contact :
Chris, 012-5958989

Very limited units. Just booked. Now only left 3% rebate. Bought for own stay. Investment wise i think is too expensive and now easy to let go. Just my 2 cents

Paying nearly 700K apartment then get only 1 carpark……

“Boh Kun Cheh” @ Wake Up larrr….

Later you wanna sell, very difficult to get buyer.

Good Example : Palm Palladium. Owner wanna sell for more than RM600K and above.
Result : No buyer.

Good luck to those who wanna invest in this so called value for money project. Didn’t make sense.
And The “ANg Moh” wont want to rent and stay in Jelutong or 7th Road le….this project is definitely not Bayswater equivalent le…

That is not quite true. The last time I observed pp unit was transacted closed to 600k for the smallest unit, now asking price is more than 600k. There are lot of interest on pp unit but renovation of units may not up to expectation. I also learnt that the residents have applied to the authority to open up the last session of the road connected to bukit gambir, big potential for further price increase, unfortunately I can’t afford to get one already

Bro ali3,

The road is a talking point few years back, still till today its talk, talk and talk only. Yes, another access la if open. But I am foreseeing a very jam road Yap Chor Ee/Bukit Gambier stretch since there is so many upcoming condo and project around Bukit Gambier. Somemore its towards the end of the slope, which means car coming down from the Gambier Hill is probably speeding @ dangerous la.

As for value of transaction, yes it depends on you/the buyer. If you are contented to stay at places that have the words “Minden”, nice quiet jungle surroundings I think you will probably pay for it. Moreover Palm Palladium is a low-density unit. Lotsa privacy la. Nice.
But if you are expecting to see your unit price increase lets say in the next 2-3 years, bro I seriously think it won’t…. the value for Palm Palladium have already reach its top for now.

Why you might ask???
1. Car Park only one… ( as potential buyer, there are still many choices and paying for premium such as RM600K and above, you don’t expect to park your 2nd car on the roadside rite?) Raining you run from outside with umbrella to your condo. Come back late nite, you kena rob, too bad. See the point here? All because you need to park outside.

2. 1100 sq ft going for RM600++ is already top top value already. I still see the same advertisement trying to sell their units for RM600++ since last year till today. Some even started to lower down asking price. E.g RM670K previously to RM650K or RM670K (negotiable)

What I want to tell you is please try to be more logical in buying / investing property. Please try not to follow the crowd. Someday, when the music stop, you might be caught standing w/o a chair to sit.

3. I nearly bought PP last year, only to pull out after much consideration and logic thinking. Trust me bro ali3…..anyway choice is yours. I am just giving my opinion.

4. Condo/apartment in Penang is over-supply, give yourself time, do your research. I am sure you can get a better condo/apartment with your budget above RM600K++

5. Lastly, try to ponder this teory and see if you can apply this. “Margin of Safety”, “Under-Value”.

Remember, if you have money you are KING. When things goes cheap, you have the power to buy buy buy until you KEE SIAO….hahahahaha.

Please bro, consider carefully ya. “When you laugh the whole world laugh with you, when you cry you cry alone la”.

I am giving you my opinion only ya.

Aih.. Better pg property all are priced so high, I like the exclusiveness of pp, at least it is something different from others. Other condos in similar size and area also going >500k, e.g. Oasis which I feel not worth due to leasehold. We shall see how it goes say after 3 years, I look good on pp, might regret later, hopefully the price can come down a little bit now <600k for me to grab

Hi Michael,

I have a friend who has a budget of RM700k. He is looking for a property to invest in. What would you recommend? Thanks.

Hi Condomana,

I am not a property consultant, so really can’t advise you.
But I try my best to share with you guys whatever info that I have or know to my best.
My sharing is all based on facts and no biase.
Good and nice, means good and nice.
Cnot bluff…..

Buat Baik Dapat Baik, buat jahat lama-lama orang pun tahu.

For this location should be okay. Dont think too much.

@Segafredo
You get one there? Last week went to have a look only, still thinking.

@PPT
many unit left? what is the price now?

Just a new which you like. No forgetting GST will kicks in soon. Won’t go wrong with Georgetown area.

I dont think much unit left. The piling process is in already in progress

+ UBAH Bird?

The website for sandilands. Very nice video marketing
http://www.sandilands.com.my/

Sandiland is not good for own stay as the environment is bad which is close to sungai penang smelly area. Infront of this condo also have quite alot of foreigner worker always pass by during 6 to 7pm daily. If you are investing to the property condo which is 700k above, you should think twice as that is still alot of prime location in penang which good environment such as Gurney Park condo (*Although it is only 950 SQF) but it is a nice condo for own stay and is very good location to be invested.

Hi there, if you’re interested, you can call me at 0124007093. .thankss..@PPT

@Elmo,

What is the affecting of GST to property market?

Please share. Any affected on subsale market?

http://www.youtube.com/watch?v=-DCur-p7aVA

Sandilands Youtube.

Once US interest rate increased in 2015 aligned with US economy recovery, a lot of investors will feel the the impact. Looking at the price direction we are moving now based on Malaysia economy growth, price will still increase and won’t drop. I believe Malaysia will starts off with 6% which is the replacement of gov service tax. All building materials will increase as they have to pay GST. I don’t foresee any price drop in Malaysia property market.

Unless gov kicks in the RPTP 30% tax and remove DIBS. Then you will see the drop drastically.

I don’t think GST will impact sub-sales as property price will still increase due to inflation and RM currency is not stabilize. If you notice the forex exchange, RM fluctuation is too much in the market. It is a indicator Malaysia gov is spending lots of $ to stabilize it.

BTW..sandilands location is not bad. Just buy it if you have $. Don’t be affected by people opinion. Georgetown location won’t go wrong with it. Furthermore this is build by trusted developer.

@Elmo

What do you think on Georgetown property in Q3 and Q4 this year?

How many percent will be increase in term of property of new project compare to subsale?

Some are telling me that time square condo is going to the trend of increasing and may hit 700k end of this years.

Kenny :
@Elmo
What do you think on Georgetown property in Q3 and Q4 this year?
How many percent will be increase in term of property of new project compare to subsale?
Some are telling me that time square condo is going to the trend of increasing and may hit 700k end of this years.

Kenny,

Remember my statement made here… once Sandilands completed, it can fetch at least 1 millions.

Sub-sale market will slow down as slightly over supply residential houses and investor / buyer still will flock in to buy new projects due to the DIBS offer still continue. With loan period now only capped at 35 years, buyer will try to grab new project rather than sub-sale.

My guess is 3% to 8% increase max. Everyone will sit and wait for budget announcement to control the price. But take note, gov on the other hand needs $ due to overspend and deficit..so expect more tax targeting rich people especially investor with reasons to protect local. So invest only if you have spare cash.

Elmo,

Thanks for advice here. Sandilands is good for invest but izit will be good for own stay since its located near to sungai penang?

How about The wave@PTS? What do you think about the price will be after the completion? And..will it influence the condo for PTS phase 1 and 2 condo price to be increase also?

Kenny :
Elmo,
Thanks for advice here. Sandilands is good for invest but izit will be good for own stay since its located near to sungai penang?
How about The wave@PTS? What do you think about the price will be after the completion? And..will it influence the condo for PTS phase 1 and 2 condo price to be increase also?

Sandilands good for own stay rather than rental ROI. Surrounding Sandilands have LWC and LW which is next to Sandilands and SP Cheliah area. If you want to invest in Sandilands for rental yield, then it will depend on your luck to get good tenant. The wave@PTS is good for rental yield obtained from foreigner. Foreigners prefer to stay in the town and PTS is a better location compared to Sandilands. Foreigner prefer to have shopping mall with integrated entertainment. Sandilands surrounding more suitable for local. So depends on what and who you are targeting.

BTW Kenny.. surrounding condominium price depends on the average price within couple of condos surrounding it. So it is possible The Birch Plaza and The phase 2 condo price will increase due to Thewave price because it is so near.

On Top of this, Izit Sandiland is under commercial or residential title?

As i know Birch plaza and phase 2 condo…Ivory property already change it from commercial title to become residential title now for both condo. Both is under residential title and electric tarrif is normal. So izit sandiland condo is under residential title?….Wave is under commercial title…

Sandilands is residential. 12 units shop lots in front is commercial.

@Elmo,

Thanks for great info really. Property agent u?

I’m not property agent. But by nature I m a economist.
So I do analysis for certain location for my own interest and investment. I m one of owner of Sandilands.

Kenny: I am with Elmo, Georgetown area wont go wrong.
And what’s your concern with the location near to Sungai Pinang ? I am staying nearby sandilands site. So far so good.

I am still thinking and survey which 1 is good for future investment…comparing time square condo and sandiland..

Kenny, I’m not Penang Kia but I love Penang. That is why I’m buying for my own stay. .
I have friend also not Penang Kia but also buy at Tanjong Bungah 1.5 mil BSG project. Neither we are SG kia. Penang Time Square have lots of potential if LRT can kicks off which is 10 years from now. Nowsaday too much supply in the market and it will be one day hard for owner to rent out their unit with a good price. Too many units to choose from. Based on the selling price now, your rental can’t even cover your installment. So you may want to invest it on others investment apart from properties. Always diverse you investment as low, medium and high. The time for quick profit is almost over in Penang. Think carefully before you invest in any properties , not that I discourage you but the time soon will come where those investor may have to auction their properties very soon in 2015.

Hi Elmo,

Ic..

Yes. I am looking for own stay as well. Since the property price in penang is increase all along the time. So i was looking to have another unit probably in georgetown area preferable either sandiland nor time square condo (Phase 1, phase 2 or the wave). I am not looking for renting out actually. Just for buy an additional unit at georgetown since the potential of property in town area is rather high. And i can see the PTS Condo is average increase around 80k per year since ivory have develop phase 1 till now.

As for Sandiland, I can see the potential is rather good also since it locate at the edge of town area as well. Sandiland is more on resident who wish to have more peaceful and quiet environment. As for PTS condo is more on entertainment city and convenient eating with walking distance at all heritage site.

However i still unsure which is better time square condo or sandiland…

PTS car park is suck. You have to round at least level 6 before you reached the car park. And during ” Indian” festivals, you can park your car at home. As local Penang kia do you want to have traffic jam everyday you on your way home?

And phase 1 and phase 2 @ PTS have to change lift to go to your unit. Very troublesome. Personally I went to see Phase 1 and Phase 2 at PTS when the price was around 450-600k. But I decided to give it a miss because of the jam, lift and car park issue. At least at Sandilands, I don’t have to change lift, space is bigger and new condo. Old condo have to pay more for maintenance fee. The wave is service residence…not residential. Different market.

As i know…phase 1 and 2 is under residential and maintainance fee is RM0.2 per sqf..How about sandiland? Please share so that i know the comparison..But PTS location got more entertainment and location is more perfectly locate at center of georgetown. I have 2 house on hand already..Gurney park condo (always jam also) and Greenlance double storey(always jam also)…

Is PTS Car park really that bad?

You try yourself then you will know. Sandilands is about 0.20 to 0.25 but is the market rate.

I have try before which is one of my korean friend fetch me from her car park at phase 2. Actually you are right that we have to round and round till 6 floor count from ground floor. But i feel is not that worse. However i agree the space of track on going upstair is little smaller and little bit faint

I will consider it. I can see that sandiland project right now they are working also during night time.

@Kenny
Welcome to sandilands family.

Sandiland will be built up and completed in 3 years time from now?

@Kenny
SnP stated 4years, 48months

Sandiland or wave@PTS got more potential fot investment? High return i mean after completion and OC obtain since both expected completion at same time.

Sandilands is residential. wave@PTS is serviced residence. You can’t compare apple to apple. Different market. You have $.. go for the wave.

Hi Elmo,

Are you saying The Wave will give a better return on investment compared to Sandilands?

Orite Elmo. Apple to Apple. Let say about birch plaza and sandiland. Do you think birch plaza will be same price as sandiland 1Million in 4 years time? What do you think? As i know..

Sandiland–1300sqf with market value now RM730k–Residential Title–Edge of Georgetown Area.

Birch plaza– 1070sqf with market value now minimum around 640k–Residential Ttile–Center of Georgetown.

Any challenge for those two property to be watch up in 4 years time? Just share guys but no political or emotianal thought. Thanks!

Truthbrother, please use your brains. NO ONE will know what the future will hold and if property will go up. We can look at how things are going and estimate where prices may be however to state which property is better is like saying are you prettier than I am. Who knows? The eye is in the beholder.

My opinion which I will give you is that Sandiland is the better investment by far. Sandiland once its built will be impressive with sea view and city view. The facilities will be much better and the wet market, road links etc are very close by. Will foreigners will really want to live in Georgetown at all? I think not. They will prefer places like Batu Ferringhi for retirees or near Tesco’s in Gulegor for executives. Somewhere where they have sea view and lots of personal space. Do you think that 1070 sqf is big enough for them? Or are you catering for the locals? Locals will choose Sandilands any day over Birch Plaza. What would you choose if you were planning on living there for life?

Anyway, if you really want to invest properly, get a business going, and buy a shop lot for example. That is where the money really is. Property investment is for lazy people who don’t want to do very much but hope to get a big return.

@truthbrother
Honestly speaking, I only can predict so do others property agent. If you given the price average price you stated above, then

Birch Plaza is RM591 persq ft and Sandilands is approx RM561 per sq ft. Not much different to be frank. We don’t calculate profit by per unit but per sq ft.

Ask yourself if you willing to pay 1 millions for 1070 sqft size? For me yes if the location has all the amenities like mrt, luxury shopping mall and etc. But at this moment no one know what will happen to PTS. And also Birch Plaza by the time with additional 4 years, it will be 10 years old property. Unless it is super attractive place to stay, then the value will be there, otherwise it will be reverse.

As for Sandilands it is very toward local people demand. Build up size is better than Birch Plaza. Wet market, hot coffee shop and etc.. However you never know if one day what gov want to do with that location especially sungai pinang. Sandilands still have some lands for new development especially the warehouse piece of land.

If you want to go for real investment, usually will be Tanjung Tokong area. If Georgetown can be as develop as Singapore Orchard, then it will be different story. However this will not happen since it is declared as UNESCO now.

Hi Guys,

Thanks for the comment and advice. By the way,

Hi Elmo,

From what you have say is PTS Condo property price is depend on how success of shopping mall downstair perform right?

Hi Elmo,

Good justification from you. PTS condo success or not is depend on the shopping mall downstair performance. Thats right on what you say…sandiland toward more local. However i still hear alot of concern from local regarding the scene face toward river side. Any commend on that? Sharing thanks..

Actually i am looking for an unit for sandiland or birch plaza as well..Mind to share on info regarding sandilandor birch plaza maybe in more detail? I am looking for own stay. We prefer more convenient and walking distance for eating or buying things daily…maybe some entertainment..Just share.Thank You.

truthbrother :
Actually i am looking for an unit for sandiland or birch plaza as well..Mind to share on info regarding sandilandor birch plaza maybe in more detail? I am looking for own stay. We prefer more convenient and walking distance for eating or buying things daily…maybe some entertainment..Just share.Thank You.

I can’t decide for you if Birch Plaza or Sandilands is better. However I know Sandilands only left few units for type 2 model. You better quick in deciding your option. Sub-Sale usually more expensive than launching price

I believe Penang state gov will consistently promoting Georgetown as part of their campaign to attract tourist into Penang. Not sure what will they do to Sungai Pinang but it takes 2 hands to clap. If gov is promoting clean river but on the other hand, local still throwing rubbish into it, nothing much will happen. Singapore gov made lots of effort to make it river clean since 1977 and it takes at least 10 years to achieve it. So if you want to see the impact of Sungai Pinang is less than 5 years, you can ‘tan ku ku’ but no matter what buying a house is the ambiance you feel like owning it not by 100% analysis.You feel for the house must be right.

Personally I bought Sandilands because I want to be local and I like the wet market the surrounding. I prefer my unit to face city and I like city light. I don’t like to be near to pool as it is noisy during weekends and evening. Nothing wrong buying facing river as it is personal choice but I like the scene at night with city light and also firework during new year celebration. Of course with level higher than 15 floors. Personally.. as age catching up, I don’t like crowd in the mall.

You already have your answer yourself by commenting “I am looking for own stay. We prefer more convenient and walking distance for eating or buying things daily…maybe some entertainment” Will you be able to get these in Sandilands or Birch? Furthermore once you have very nice renovated condo with great sound theater system.. you feel like staying at home most of the time. Save $.

In front of Sandilands, there will be 12 units of shop lot built. No idea what small business will be there but I hope maybe a bank or cafe so that I can enjoy my life like there in the evening.

Elmo,

It is truely relax when you are explaining how you going to enjoy your life later on in sandiland. Nice to know you have a such good planning to relax over that. Seen it is truely a local residence for sandiland instead of just for investment purpose. I have save quite couple of unit been publish in subsale market for sell althought no still in beginning stage. It is great to hear still have quite many local penang lang still wish stay at this condo. Bcos at first i was thought more on invest for majority of them.

Thats right on what you have say. Once you have a very nice renovated house. You will never and ever to go out anymore. Maybe 1 week once you might went out for shopping buying things purpose. Other day, you might wish to hide at your house enjoying your life..This is true!!

truthbrother :
Elmo,
It is truely relax when you are explaining how you going to enjoy your life later on in sandiland. Nice to know you have a such good planning to relax over that. Seen it is truely a local residence for sandiland instead of just for investment purpose. I have save quite couple of unit been publish in subsale market for sell althought no still in beginning stage. It is great to hear still have quite many local penang lang still wish stay at this condo. Bcos at first i was thought more on invest for majority of them.
Thats right on what you have say. Once you have a very nice renovated house. You will never and ever to go out anymore. Maybe 1 week once you might went out for shopping buying things purpose. Other day, you might wish to hide at your house enjoying your life..This is true!!

Cool..I just want a nice place to rest and relax after years of hectic life working in Singapore. BTW.. I’m not Penang Lang too but simply just love Penang which I believe a lot of buyers are also not local. :). Wish you all the best and hopefully your and your family will find your ‘bird nest’ that you are hunting for.

I also one of the owner of Sandilands. Happy to read the positive comments from you all. Cheers.

I found this
http://sandilands.com.my/home.html
Hope they meet to Green Building Index Gold standards.

Anyone observed their sales in last weekend property fair?

Hi Elmo,

If you are really looking for relaxation, you might have chosen the wrong area. And you really think you can get peace and quiet in that area? It is located just right next to an expressway my friend. And with the surrounding factories, get ready to listen to the daily noise pollution from lorries and cranes…:)..You should have done a more thorough research before buying. Well, what to do, just live with it loh…:)

@condomana
Not really. some distance between highway and sandilands, maybe tower B affected.
The factory around is not like bayan lepas, majority is small business. My concern is the river, hope the river water quality can improve in the future.

Hi 1mils,

Take a walk in one of those flats around that area (serina bay condo maybe, although it’s marketed as a condo years back, but you will know why I call it “flats” when you visit the place), you will know what I am saying.

Remember the mistake people made for Light Linear (I call it “war-zone condo” due to the extreme noise)? If you’re going to pay RM700k for a condo, you still have some very good choices in better locations on the island now. Go and discover before it’s too late….:)

Condomana: What are the good choices in better locations? Mind to share more and specifically?

Anyway, there is no perfect property in this world. Just the matter of suitable or whether it full fill your needs like near to workplace, easy access to high way etc. Just my 2 cents.

Sandiland actually is the worst condo. Noisy and pollution everywhere.

@condomana
Agreed with u, going to face similar problem as “the spring” condo, noisy and polluted.

condomana :
Sandiland actually is the worst condo. Noisy and pollution everywhere.

Depends on the Block and Facing. The db noise level at that area is around 40 to 60 depends on the peak and non peak. Anywhere it is my choice as I had did my research before purchased it. No regret. I just like the amenities and don’t have to worry about the noisy as I can on air-conditioner most of the time. Then the db noise level down to less than 40db. Do you know there are ways how to do sound proof? It doesn’t cost a lot to do it. I did it for my Singapore condo and where the MRT track is less than 20 meters away.. no problem with it. The light is too near to highway without any surrouding to absord the db noise level where by Sandilands have Sungai Pinang river which will filter out the noise db level. However with the noise travelling up, Block B buyer will have some noise disturbance but not as bad as The light Linear. Be positive that there are solution for every problem. No dead end my friend.

Depends on the buyer….. as for me (personal opinion) I just can’t buy condo in this area with this kind of price.

Anyway, I just heard from my friend who managed to grab one unit at a discount from the developer. He said he grab it at RM600K++ when the actual price is going at RM700K++.

And I just don’t agree to pay even RM600K++ for this area. Yet, maybe as time passed, I might be proven to be wrong. My personal choice…No Thank you.

@condomana
the condo you called it “flat” cost 300k++ Aand THE LIGHT u call it “war-zone condo” cost 900K. Actlly i own 1 unit serina bay which i bought only 100k++
and i believe Sandilands is a luxury Condo, cannot compare to serina bay.

@Elmo, I like your statement : Be positive that there are solution for every problem

condomana :
Sandiland actually is the worst condo. Noisy and pollution everywhere.

Yes, noisy and pollution everywhere. We are living in earth. =)
What is the your best condo ?

condomana :Sandiland actually is the worst condo. Noisy and pollution everywhere.

hi condom
can you share where are you staying? it must be a living paradise in penang, i also would like buy it

Hi XxX,

Yes, I am living in paradise in Penang. But for today, even paradise cannot escape the attack of indonesian haze….:)

Condo,

Then enjoy staying at your paradise, Sandilands not suitable for you.

Hi Jo Jo,

I know Sandilands is not suitable for me. That’s not the issue here. It all started when Elmo said, quote “I just want a nice place to rest and relax after years of hectic life working in Singapore”. I was just telling him he’s made the wrong choice in Penang, and there are better places in Penang to offer him what he’s looking for, but Sandilands is surely not the place….:)

It is personal choice which condo and location buyer like to purchase. Once decided and downpayment done. End of chapter and wait for the condo to be ready. Why should I spend millions for location like Tanjung Tokong? I have everything at Sandilands with only SIN$300k ++. I will always stay positive with Sandilands as I have told my KL ID to give me the most relax ambience interior design. I don’t think I will ask local interior designer or local Penang contractor to renovate my upcoming Sandilands.

Penang have so many projects…everyone have a choice to buy what they want. I just want to retired in Penang and do what I want with stable passive income. Why should I burden myself with bank loans?

Only advice I can give is, price of the condo will reflect the behavior and attitude of the people staying there. Lesson learned from Singapore and Australia. I won’t buy any condo less than rm600k as this may some social problem; eg people pee in the lift, not paying maintenance fee and etc. Not all but partial residential will belongs to this category. And I also won’t buy any condo less than 400 units. Reason behind is, low density will have maintenance issue after 3 years due to lack of funds collected. All depends on the management too. Too many factors to consider before you signed the SnP. I only buy residential built by financially sound developer to avoid after sales issue.

Hi Elmo,

I fully agreed and supported your points. We will always follow our needs to go, do not care those always gave negative comments while they have not owned the property.

Condomana stays at the Brezza Tg Tokong

In town this area should be better than many other places. No need Tg.
Tokong or Sg. Ara area, they are outskirt. You also need some suitability
to match your finances.

Jz :
Condomana stays at the Brezza Tg Tokong

He didn’t buy in 2011 and the guy who offered him 395k later sold his unit
for 450k. He always make bad comments but nothing materializes.

@Buyer
He bought at a higher price upon completion. I think around RM550-RM600k for the smaller unit.

Hi Elmo,

If you’re talking about budget, then there’s pretty much nothing anyone can do about it. But if you’re spending RM600k-Rm700k to buy Sandilands, I can tell you there’s much better choices out there with better environment and better appreciation up side.

Hi Jz & Buyer,

Eehh…dunno what to say about you guys!!…:D

@Jz

I just couldn’t believe he bought it for 550k or more. The offer was 5 months
away from OC. The smallest unit is 1250 sq. ft. – 1450 sq. ft. How come such
a knowledgeable person in property preferred to pay more than 155k when
he shouldn’t be ?

@condomana

Condomna,

Thanks for the recommendation. I’m contented with the price I paid for the location, freehold and ambiance surrounding. Choice been made and I believe in my decision is right for myself. I buying it for myself and won’t care any negative comments on Sandilands because it is my own $ spent on it. If I feel worth it, it is worth it. Law attraction philosophy. Positive thinking will surely bring positive effects no matter how bad is the situation. Negative thinking will attract negative effect.

As the owners of Sandilands, we just need sharings and new updates for the status of current works in progress. It is very helpless or no meaningful to always tell owners how worst is the location and so on, really rediculous. We are looking forward the time of completion n how to design it n stay with nicely only. We feel worth it then we owned it.

@Jo Jo
Exactly. Anyone pass by that area pls share the status. Thanks!