location wise, Fiera Vista is the best…

The banker informed me that customer need to sign SnP on 4th to 6th Jan to enjoy next 4% rebate by developer. Is this true?

PPT :
Sg Ara a lot of project lately, mind to share a piece of mind whether which project is better (fierra fista, Garden Villa, One Imperial).
Among the project, Pinnacle is most expensive.

Pinnacle – Very good developer, get you piece of mind if you buy, but expansive. The location also the worst among all because need to travel further into Setia Green, and it is hiking up hill.

Fierra Vista – “Famous” developer “reputation”, very long story, try to find out yourself. But their design always suit to your taste, and the landscaping is always very nice. Location wise also better considering a whole new town ship in 1-R. FV is the only condo at that area. The rest is landed. But you can only get from subsales now.

One Imperial – Same developer with FV, and again, great landscaping and I find out the best layout of 1200sf I have ever see (to my taste). But the thing is, there are total of 768 units, plus Sierra Residence, Garden Ville, Golden Triangle, Idris Idaman, and Zen (and other LMC and 3 blocks of flats under construction) there, it is about >3000 units condos/ flats in a small piece of land. There will be also Imperial Two in the pipe line, and Golden Triangle phase 2 (not sure). But thing is there might be a relocation of a Chinese primary school and an international school in future (up to individual to believe it or not).

Garden Ville – Not really study the project but the developer is new and yet to be established in the market. To me, the risk a bit high by looking at the problems of Sierra Residence.

Hope this helps.

@huha & ET
Location wise Fiera Vista is considered good but in terms of attractivenss as a condo, S.Pinnacle may not lose the game. It is a full highrise condo near to residential area. F.Vista merely resembles a medium price and low rise building which does not have a full high rise condo uniquness. Look and Setia V, and many other at gurney.

I heard the same way. Yes. sign before 6-Jan unless Setia agrees with you to sign later than that.

@Thinker
I agreed with LV. Setia Pinnacle design doesn’t seems like high end condo with >10units per floor and enclosed air well design. It may be higher rise with higher density (more units per land size) but may not be higher end than Fiera Vista.

LV :
I wonder how Setia Pinnacle is GBI certified? The air wells are all enclosed type and it is 40 storeys high! The corridor walk way will be very dark because fully sealed (except light from the vertical 40 storeys high air wells), and the air quality will be very bad because of trapped air!!

@Bryan
Do you get one unit there? With this price range 600-750k, possible to get the condo at jelutong, bukit gambier & etc with smaller units.
Do u think SG ara condo/apartment price range should get within 400-600k? I not familiar with this area. Pinnacle can consider luxury condo at this area right?

@PPT

For Bukit Gambier, Oasis and I-Regency are selling at 550~600K, 1100~1200sf. Jelutong, I’m not that familiar. If you don’t mind on the quality, still can get 1100sf D’Piazza at ~450K at Bayan Baru town center. But all this condos, the layout may not as nice as new one here.

Actually, no one knows what will this area turn out to be in future. If success, will be very good new township. If fail, will be hostel for foreign workers.

But if 750K for a condo, why not get Siara 81 landed at 860K~890K? But if budget only 600K, other story.

I am currently still hold a 1200sf in One Imperial, but planning to drop the booking soon.

This is a bit out of topic. If you still have more question, maybe drop me a message at mplcycmy@gmail.com

@Kapster
All this while I didn’t pay attention on the corridor walkway and air wells design, other than the unit layout. Thanks for pointing out the shortcoming. I think the same too that the long corridor walkway there will be dark and may be eerie.

Purchaser clubs will get their hands burnt this time. Without enough support from owner-occupiers, price will only go down…

http://www.themalaysianinsider.com/malaysia/article/with-promise-of-real-estate-boon-property-investor-clubs-boom/

I do agree with you all that the walkway is eerie.
I was an ex-1 imperial purchaser. In fact my friend and I cancelled and moved to S.P. for individual reason. For me, ‘view’ and it is not blocked at least not too close like 1-Imperial which is over 700units just a pool away. I have experience where I stayed in condo facing each other and you won’t want to see things unexpected, trust me. I like 1-imperial 1.3ksft unit structure where all rooms face outside and bright. This is by far the best I have ever seen.

My current condo is just 1 block. 2lifts for 3units. and windows near lifts and bright. Balcony facing open space. If I compare to S.Pinnacle, S.P. will loose out. So, unless we can find condo with better structure then I will consider changing but I believe you all know the anwers….there is none at the moment. It is either location not satisfactory (eg; sandilands, 4 seasons, strait gardens, 1-imperial or ….etc) or too crowdy (1-imperial, GV, 4-seasons….etc) or those that are late in your list (eg: fierra vista, promenade, Arena, Elite….). Even the D’piazza which is considered 2nd tier sells at $500K. When i was in SP office, i met a Pg guy working in Spore. He regretted he never took up D’piazza. Well…!
Also you should opt for The Trehaus, platino, vertiq, olive tree, southbay, or even the completed ones like Oasis and 1-world II. By now, they are too expensive for us to grab. Each and everyone of us buys at different timing and your end result is different. You could have grabbed The Light, summber place, I-regency, Regency Height, Breeza…but well too late. All the above I considered before. some I cancelled and move along.

oh my gosh! 40 storeys high rises on hill slope… Just saw the news on Puncak Setiawangsa lanslides and remind me of the Highland Towers tragedy many years back…scary…

i was informed that the total rebate still stands at 9% only. The additional 4% rebate that is mentioned if we sign the SNP between 4-6th January is only applicable for the second wave of buyers who were only given 5% discount previously. So actually the second wave of buyers will now also enjoy 9% rebate if they sign within these 3 days.

The VVIP purchasers who were entitled for the 9% discount remains status quo irrespective of when they sign the SNP.

I may be wrong but this is the information i got straight from SPS staff.

@P3n4ng

I called up SPS Sales & Marketing manager and she told me different story, saying customers are requested to sign SnP on designated date (4th-6th Jan) in order to enjoy the 9% rebate, else will be forfeited. Who can confirm this?

@Thinker

Very true. Not much of choices we actually have with the wealth we are holding now. I used to hold a unit for The Promenade. Then came along 1-Imperial and GV. But non suit my taste especially their workmanship and ethics in doing business. At the end give up Promenade and go for SP.

Hope i do have the crystal ball

Landslides :
oh my gosh! 40 storeys high rises on hill slope… Just saw the news on Puncak Setiawangsa lanslides and remind me of the Highland Towers tragedy many years back…scary…

I am not sure this will be for much of the people concern or not. I am currently living on a hill slope which are higher than SP. I went to SP site before, not that high for me thou. Is all about the quality and good drainage provided by a reputable developer.

Nothing can be guaranteed if on a slope or flat land…

@TYT
It is not the altitude that matter, but because it is build on hill slope, and it is 40 storeys high building (imagine the weight of the building)! I don’t mean SP Setia quality not good, but the risk is there, and better don’t mess with the nature. The weather has become more extreme, and now Penang can even feel the earthquake in Sumatera. SP Setia may fulfill every aspect of legal requirements, but sometime it may be just “act of god”…..

@Landslides

Hill slope very cooling at night. Anyway, Hong Kong has more condo built of hill slope. As long as the foundation is stable and developer follows stringent guidelines, should not be much worry.

@PG Guy
No need to worry if just plan to flip. For own stay need to take the potential landslides risk into consideration.

@Bubbles

Hill slope you worry land slide, beachfront you worry tsunami. You worry too much la.

@PG Guy
I think this is the highest high rise and first building > 35 storeys ever build on hill slope in Penang, or even in whole Malaysia. First in Penang/Malaysia track record, has to be careful a bit. It is a matter of live or death.

@Bubbles

I thought The Latitude by Ivory is the highest? The hill is even higher at Latitude.

Bubbles :
@PG Guy
I think this is the highest high rise and first building > 35 storeys ever build on hill slope in Penang, or even in whole Malaysia. First in Penang/Malaysia track record, has to be careful a bit. It is a matter of live or death.

I don’t consider SP as build on the hill or slope. Is actually on higher ground. If you go to the location, you could see the a relatively very low level hill compared to those higher end of condos in Batu Feringghi or LMC apartments along Paya Terubong or Relau there.

@Nice
Go and see for yourself whether it is hill slope or flat land. It is located at where the big “SETIA GREENS” sign there. Looks very steep to me.

Any people sign off SnP this few days? Construction 36 or 42 months?

Construction is 4 yrs (48 mths) as stated in the S&P with 2 yrs defect warranty. Unsure if they intend to make everything to be safe and sound during the construction. Since DIBS absorb by them, don’t think they will drag the progress for long.

Also the end financiers are PB, Maybank, CIMB, OCBC, HL, and UOB only. Even Standard Chartered are offering BLR-2.45, might have to bear cost for loan agreement as stated in the offer letter.

Please correct me if i am wrong

I thought all residential condo project’s S&P document is standard 36 months construction as governed by law. HOw come 48 months for this project? Is this commercial title?

@Landsides
Did you sign S&P ?

Anybody buy extra car park? got any rebate on that?

Thinker :
@Landsides
Did you sign S&P ?
Anybody buy extra car park? got any rebate on that?

I just singed today. No discount for extra car park. Need to pay 10% from RM 30,000 which is RM 3,000.

Worth to buy or not? As the price is much more higher compare to other new project which almost the same range.

I found that this project much higher than other in Sg Ara area. Pls check out Zan Pavillion which just nearby as well. The price only 600K plus with 2000 sqf. I also don’t know why? Is it due to design or other problems

Anyone got special -blr rate from any bank?

Just go to the site. You will be amazed to see one is located at much better site over the other. Pls look at the layout too. The layout of Reflections is much better than Zan Pavilion. Zan Pavilion layout not taken into consideration privacy. And please check both the developers too. SP Setia is the best in Malaysia but the developer of Zan Pavilion…????? Never heard before.

@joshua

Also best (higher) in price in Malaysia.

@joshua
Did you see how steep is the hill slope of the site? these few days news keep reporting landslide cases. The unit layout ok but 16 units per floor sharing an almost ‘sealed’ walkway corridor definitely looks cheap and dark inside. You can also smell what kind of food your neighbours are cooking and the smell will remain for whole day.

@Judah

Maybe the buyers are not as worried as you. The location is nice and quiet, potentially have sea and bridge view too.

Just raise, there is no window at whole kitchen area for all 3 types ?? Wonder why design such layout from SP.

@Naruto

How can u build wall cabinet or hood if window big big? Most people will have to install grille and curtain if there is window.

No window at kitchen & “closed” type air well design. will be a smelly “GBI certified” building in and out!

@Judah

Then really sorry for SP buyers already, have to endure the smoke from the neighbor zhu char.

Curious, there is no open space at the end of each level site corridor of the building (near corner unit)? Or near the staircase?

Hello guys, why not gather your comments and request SP to change building design by installing windows at each floor at the wall of each end. So solve the problems.

Thinker :
Hello guys, why not gather your comments and request SP to change building design by installing windows at each floor at the wall of each end. So solve the problems.

Big NO NO for installing windows… The sound generated by wind blow through the windows along long corridor will be very loud and eerie, and the air pressure will cause all the doors vibrate and looks like someone trying to open your door, looks very horrifying. Especially this 40 story high building. There are already other high rise apartments in KL kena before.. try to check for it..

I think air vantilation and brightness of the corridoor and all has been taken into consideration even before getting approval from the local council. Design wise looks nice with split corridoor which means each corridoor has 7 and 8 units respectively on each side and with 6 lifts to for convenience. Location wise I think is good because it is not congested as Zan Pavillion, Golden Tri-Angle and other developments around that area which is just side by side. I want a home with privacy, rather than having another block of condo facing my living or bed room directly.

Then for new and first time buyers, I think the promotion package is the best compare to other developer like GSD, I Deal and Paramount.

Well this is just what I think…

@PG Guy

The highest residential building now is Setia V Residences in Gurney Drive

with 48 floor..

@Ryan

There are more than 40 visitors car park for Pinnacle. Check with sales person already…

Some of our club members booked Setia Pinnacle with short term prospect of 100-150k profits after completion, even though we think the market is saturated with similar size and layout condo units. We think SP stands out from the rest in the same area with GBI certified, grand landscape, and backed by a hill.

Things are getting hotter and hotter with Setia Sky 8

@TYT

Later will be “Hottest” with everyone having high fewer with their pricing !!!

Investor club :
Some of our club members booked Setia Pinnacle with short term prospect of 100-150k profits after completion, even though we think the market is saturated with similar size and layout condo units. We think SP stands out from the rest in the same area with GBI certified, grand landscape, and backed by a hill.

Great marketing words:
GBI certified – dark corridor and bad ventilation
Grand landscape, backed by a hill – steep hill slope, risk of landslides
short term prospect – will be taxed for 26% personal income tax rather than RPGT…

@Judah
You sound very negative abt SP. Tell us where the best project u think or u bought. Share it out ya >.<

@TYT
No doubt SP Setia has gained reputation by their past projects in KL. But this project really looks purely profit orientated and just to sell by “Brand”. The layout doesn’t looks good with small kitchen, and trying to squeeze in many units per floor with lousy corridor and ventilation design, 40 story high building on hill slope seems only want to maximize profit. To me this project is “not sincere” and doesn’t worth the premium price tag. Personally I think IDEAL recent projects have better unit layout and “more sincere” (they put in effort to design), but IDEAL has bad past reputation and there may be hidden drawbacks on those projects (don’t know yet). No comment on the build quality as I did not check any of their past projects.

I think better to buy the Setia landed properties…. so nice…. look at Setia Greens…. fantastic!!

Judah, please enlighten us how it will be tax for 26% personal income tax rather than RPGT?

@Judah

We at the club would only take short term view for our investment. We need only to pay RM5-7k and nothing else until completion. The return is expected to be multiple folds.

@Judah
Then congrats for those who bought Ideal Property >.<
Time will tell who is right.

I’m not so keen with Setia projects these days, after they issue wrong house number to me during OC recently. I couldn’t bring myself to look at another Setia project or encourage friends to buy from them. I feel that Setia is not sincere to fix what they had screwed up. For that, I don’t they they live up to their brand.

@zonefinder
https://www.penangpropertytalk.com/2013/01/income-tax-or-real-property-gains-tax/

@Investor club
Yes, short term investors no need to care about the bad ventilation design and long term risk of landslide. You are not going to live there. But likely you cannot escape the 26% tax, if still make some profit after completion, SP Setia already sell to you with inflated future price.

@Ops

As a club member, we share experience too. But we try to avoid putting in too much emotion into each of our investment. Ultimately, we are here to make money.

@Judah

We have experts in the club to help the members sort out the tax related issue. Don’t worry.

@Investor club
I don’t think your club can be smarter than Malaysia income tax department (IRB). It is just a matter of time you need to pay back. And I think this project may have lim

@Judah

You have over estimated IRB. Just to let you know, some of our members are lawyers.

@Investor club
and I think this project has limited upside as looks like medium range high density condo except on higher ground, but price already much higher (probably SP Setia sell with future/expected price after completion and let you have low downpayment, much like practice of build-then-sell concept)

Investor club :
@Judah
You have over estimated IRB. Just to let you know, some of our members are lawyers.

Your lawyers members provide free service if IRB chase after members? I don’t have time for court case and don’t think it worth to fight with IRB, ended up pay the laywers rather than income tax.

To be frank, the IRB will go after the “Big” flippers only lah ie those who flips numerous times per year. In which case, they will form companies instead to do it. Small time cikus don’t need to worry too much..

cardevect :@Ryan
There are more than 40 visitors car park for Pinnacle. Check with sales person already…

I wonder if these car parks could be rented.? Good to have extra one.

And you guys sign Loan package already? which bank offers FULL flexibility. (1 account #, allow 99% dump in, daily rest and 3~4yrs lock in) ? I think HSBC. Any thoughts?

@Investor club

We don’t engage lawyer to file our income tax.Keep the snakes behind
the scene.

zonefinder :
To be frank, the IRB will go after the “Big” flippers only lah ie those who flips numerous times per year. In which case, they will form companies instead to do it. Small time cikus don’t need to worry too much..

Have you been audited by IRB? everyone will be audited at least once in 7 years (the reason you have to keep record of 7 years stated by laws). They fuss with every rebate you claimed even the book purchase receipts. I think the penalty is 40% tax for undisclosed profit. Most people think it is the most efficient government agency, and the collected tax increase every year.

Ops :
I’m not so keen with Setia projects these days, after they issue wrong house number to me during OC recently. I couldn’t bring myself to look at another Setia project or encourage friends to buy from them. I feel that Setia is not sincere to fix what they had screwed up. For that, I don’t they they live up to their brand.

Issue WRONG HOUSE NUMBER!

Mind to share what happen when you say issue wrong house number?

Judah :
@Investor club
and I think this project has limited upside as looks like medium range high density condo except on higher ground, but price already much higher (probably SP Setia sell with future/expected price after completion and let you have low downpayment, much like practice of build-then-sell concept)

We only expect 20-30% capital gain in Setia Pinnacle during its completion. The target is highly achievable judging from the sold out response for this project during its preview.

zonefinder :
To be frank, the IRB will go after the “Big” flippers only lah ie those who flips numerous times per year. In which case, they will form companies instead to do it. Small time cikus don’t need to worry too much..

That’s right. The lawyer members will provide service such as S&P agreement to other members at a discounted rate. And will help to prepare the document for RPGT filling. So far we did not encounter any problem with IRB regarding the incoming tax as stated by @Judah.

Ah Kong :
@Investor club
We don’t engage lawyer to file our income tax.Keep the snakes behind
the scene.

Lawyer will be consulted for S&P services and to prepare for the RPGT filling.

@Investor club
S&P document is standard template by housing development ministry. Now loan document also been standardized. Lawyers just put on the signature and all the jobs done by the clerk and the runners…

Investor club :

zonefinder :
To be frank, the IRB will go after the “Big” flippers only lah ie those who flips numerous times per year. In which case, they will form companies instead to do it. Small time cikus don’t need to worry too much..

That’s right. The lawyer members will provide service such as S&P agreement to other members at a discounted rate. And will help to prepare the document for RPGT filling. So far we did not encounter any problem with IRB regarding the incoming tax as stated by @Judah.

IRB has the legal right to invalid the RPGT filing and charge 26% instead. Now your club has “surface out of the water”. IRB may spot you guys very soon. Remember to keep the documentation for 7 years…hee hee hee..

@Investor club

“We have experts in the club to help the members sort out the tax related
issue. Don’t worry.You have over estimated IRB. Just to let you know,
some of our members are lawyers.”

If you pay for premium number, you are supposed to get what they sell you, right? no! If salesperson tell you verbally that this is the house number for this plot, and upon OC it turns out to be different from what promised. Is that proper business ethic?

@Ops

Need to make sure eveything black and white on the SNP before signing. Verbally is useless. Same goes to any developer. Talking abt business ethics, believe you have not deal with Ideal or GSD before else you would be more dissapointed.

Anyone drop Pinnacle and go for sky 8?

Wow…my friend said that upon signing SPA…he was given a form to sign which stats the amount discounted which was more than RM60K and there are around 5 units left because some people could not get their loan.

I learned my lesson. Hope others will too.

Actually where is the block of setia pinnacle situate? See from the picture is at the side of setia green wording on the hill. Or it situate in front of the setia green wording?

@Ops
what lesson you have learned? mind to share?

No more 9% early bird discount for Pinnacle…I think the discount is only 5% now…

Not yet sold out? where is the Investor Club? Ask them to sapu all..

My friend told me during the SPA signing about 5 buyers could not get their bank loan they have to open for sale again…

Naruto :Just raise, there is no window at whole kitchen area for all 3 types ?? Wonder why design such layout from SP.

Just verified the unit design. The wet kitchen is beside the wash bay which has an open window. I guess we could install hood to the open window. Problem solved.

How much is the maintance?

How much is the maintenance ?

Thinker :

Naruto :Just raise, there is no window at whole kitchen area for all 3 types ?? Wonder why design such layout from SP.

Just verified the unit design. The wet kitchen is beside the wash bay which has an open window. I guess we could install hood to the open window. Problem solved.

Everyone will need to install kitchen suction hood to exhaust to the air well, no window also need to hack through the wall. Don’t ever open the window of your washing bay and must keep your main door close all the time, or the various smell trapped in the 40 stories air well will “flooded” your house. You have to dry your clothes at the balcony which make it like a low cost flat, or use a cloth dryer instead (how to classified as Green Building? Just need to use some “green” construction material/paint and get certified?)

@Judah
Yes I have been audited before and I do own a number of properties for investments as well as flip quite a no. Interestingly, I find them pretty accomodating ie not picky at all ..I suppose its because I have been above board in all my tax submissions.

Judah :

Thinker :

Naruto :Just raise, there is no window at whole kitchen area for all 3 types ?? Wonder why design such layout from SP.

Just verified the unit design. The wet kitchen is beside the wash bay which has an open window. I guess we could install hood to the open window. Problem solved.

Everyone will need to install kitchen suction hood to exhaust to the air well, no window also need to hack through the wall. Don’t ever open the window of your washing bay and must keep your main door close all the time, or the various smell trapped in the 40 stories air well will “flooded” your house. You have to dry your clothes at the balcony which make it like a low cost flat, or use a cloth dryer instead (how to classified as Green Building? Just need to use some “green” construction material/paint and get certified?)

I can’t agree with you. Even can’t imagine how you think about the air flow. Kitchen ventilation mostly with window facing towards the corridor or like Pinnacle have to install suction hood to open area. Those facing corridor (Rifle Range Flat) certainly will have to smell when pass by your neighbor. But modern architecture mostly are like Pinnacle, installation suction hood is a must and flow to outside area instead of inside the building.
Also, drying cloths outside the window is prohibited as underwriting in Deed Of Mutual Agreement. Please check your fact and the layout completely before voice out your opinion.

@Thinker
I’m dissapointed with Setia, high price, good finishing, low quality material.

Wong :
@Thinker
I’m dissapointed with Setia, high price, good finishing, low quality material.

How you know? You bought SPS projects before?

ps: I am not the same person with Brayn in #91

Qn to pinnacle buyer…

in the offer letter it states schedule A but it is actually not attached together.
ask the sales guys 3 times until now still cannot provide??

is tis sch A exist?

Am a Pinnacle buyer… you guys really did your research and put some deep thought regarding this development…from corridors to kitchen ventilation etc….as for myself,just took the plunge based on easy entry,Developer’s status,uniqueness of the development,potential appreciation(location, 2nd bridge coming up hopefully next year) and finally “had a good feeling !!”..:-)

Took OCBC…any buyers here have any problems with OCBC?Any other banks offer better rates?
Its early but Happy Chinese New year to all!!!

@Dev
U just bought?

@Desmond
Made the booking last on Wed…apparently the last unit…as claimed by the SPS Staff..

I got one of the 1515 sq ft unit yesterday. Probably the previous buyer loan application failed.

U all got the one facing sea view or hill side?

Its either city view or hill view. Opt for hill view. Would prefer distance from pool.

@Army
My unit is facing the hill view as well……which floor btw….I’m at 33…

@Dev
Floor 13th, the last unit left. Do uou get it for stay or invest?

@Dev
What do you mean having a problem with OCBC? OCBC, SC, HSBC, Alliance & HL bank offered 90% loan whereas the rest only offered 80%. Among all, SC come with the best rate at BLR -2.45. Did you still get the 9% rebate from developer for your recent booking? Which type you had booked?

@Army
To be brutally honest….intention was for investment….but never know what the future may hold…..may consider for stay as well….wat bout urself?….which bank?

Same. I think is a good price and decent residential area. Why is it most of the ppl opt for OCBC Bank? Good service eh?

@Dev
Congrats Dev and Army! I have a unit as well ( 30th floor) but was bought in Dec. Nothing wrong with investment. Without investors, Penang will be stagnant and dead.

A question for Pinnacale buyers. Anyone know where is the electrical room?

@Chuah

It will be on the 3rd level carpark. There will be different entrance to carpark right, the electrical room located at the 3rd level carpark entrance area.

@Army
Thanks for the info

@Army
Why OCBC?….For me, there were no other mortgage consultants from other banks were at the sales office at the time of booking. …this person drove all the way from other part of town to meet me…so basically no other choice..:-)

@zonefinder
Is yours OCBC as well?…any problems?

Dev :@Army Why OCBC?….For me, there were no other mortgage consultants from other banks were at the sales office at the time of booking. …this person drove all the way from other part of town to meet me…so basically no other choice..:-)
@zonefinder Is yours OCBC as well?…any problems?

true, you can only see the OCBC and CIMB sales person at SPS office.

@Dev
Got mine from my banker kaki Hong Leong.

@XY
Yes….got the 9% Rebate ..otherwise wouldn’t have commited.

MBB Islamic loan is good to take?

@Army

@Dev

wha is the price of your units?

I got mine on level 28…Facing Hill

@The Boss

Any idea of how close the hill/hill slope to the balcony of hill view type A units?

@islander

Appx rm436 per sq ft. Hill view. Opt for 1515 sq ft unit.

From what I understand it is not very close to the hill…some distance away. and apparently the hill is only has high as level 20? I dont know, I was told eh? Anyone can share some light?

Loan agreement start signing… Real fast

Decided to opt for city view as hill view units attract insects at night. Similar problem faced by Regency height residents.

@Mr Bison
You mean, those > 21 floors possibly will have Andaman seaview..great!

What can we see from a unit facing north-west at 16th floor during night time? Do not think we will sit at the balcony and enjoy the night scene…

Army :@islander
Appx rm436 per sq ft. Hill view. Opt for 1515 sq ft unit.

Is the $/ sq ft after rebate or before ? cheap though.

@Thinker

after rebate 9% abt rm436-437 per sq ft.

@XY

thats true. with the garden compound which i have now. i cant remember even take a walk outside, enough said room balcony. individual preference, i just enjoy being indoor air conditioned.

@Army
That’s very good value compared to the prices of the latest launches, some more its a SP project.

@zonefinder

Yup i thought so too. My only concern will be the distance between the hill and balcony. From what i have been told it will not be close and there will 2 views from type A corner unit. One balcony facing hill and another facing the neighbourhood. My unit will be on 13th floor. Do advise if anyone has more infos.

@Army
The whole block is sit on the hillslope lah.. you have to walk/drive a stretch of uphill road after the guardhouse. See the site layout above. What so concern about balcony distance from hill? worry about monkey climb inside?

@Mad

Haha good one. It will be awkward if the balcony very close to the hill. The view somehow will be obstructed and blocked. Thats what im worried about actually.

Agreed with army They should make a distance between the building with the hill slope. Anyway, it’s gated or not?

@Army
I’m at level 9 and facing hill and should be worried than you. But nop, it might be a good thing nearer to hill > fresher air, greener good for eyes sight, eliminate exposure to sunset. Might also hearing insect sound during the night :p. Nature is the thing i want

@TYT
facing and near to hill slope = feng shui no good + risk of hit by landslide. Psychologically will make you feed depressed when big obstruction at the view in front. Less sunlight also no good as less “yang” chi in fengshui..

@fengshui

Lol. Located at south west, there will be evening sunlight. So that evening sunlight not counted as whatever yang chi? Only morning sun is the best sunlight for yang chi? Risk of landslide does nt just affect lower units. If really happens, the whole condo will be affected. If condo collapse, the terrace units in front will be affected too. Jus my 2 cents

@fengshui
Haha.. hit by landslides. Lowest floor is start from 9th floor. Even it hit, for sure the buidling will collapse. Feng Shui changes every year and depend on your own personalities. One doesn’t guarantee will “ong” you forever unless your house is mobile. Sometimes the worst place is the best place. Plus, the location we are not sure yet from current view.

@TYT

TYT, do you get it for own stay or investment?

@Army
It’s depend. Initially for own stay but maybe will sell if the end product i don’t like it. I’ve been to the location a few times, but still could not vision how is the building location.

@TYT
You can’t visualize it now because they need to clear the bushes and tree at hill slope and trim out a piece of flat land. Not start clearing work yet.

@TYT
Go to google map and see the location. The trees already been cleared and you can see clearly the block direction.

Any type B owner? well the car park sucks. Back to back. 😉

@Thinker
oh no, from google maps, the city view units will be blocked by the whole bukit Jambul (the hill itself) and BJ court. No wonder called “city view” and not seaview…

@fengshui
City view is not facing BJ hill same goes hill view not 100% facing hill. Go Setia office and ask for layout type and he/she can show you real picture about the view.

@Thinker

How come Sales office stuff said not back to back the carpark?

Only those pay for additional car park is not back to back. Type +/- 1300/1500 sqft all back to back.

@Merlin

1300 sq ft back to back carpark. My unit 1515 sq ft inc 2 free side to side carpark.

@Army
Yup. Made a mistake here. Only 1300 back to back :p

@Merlin
OMG. is that real? I will check if this is true. I book 1314 sqf actually. If really back to back, I would rather get 1095

@onered86
Yes. I just signed S&P and saw the plan. Only type B (1314sft) is back to back. 1500sft is side by side. Unless you get 3rd car park.

@fengshui
S.P blcok is actually slanting and not blocked by Zan or future One Imperial. About sea view, I dont see the point. My current condo is viewing sea from far. It is pitch black…nothing to view. In fact city light is more vibrant and lively. Only condo first-time- dweller will go for sea view.;p

Car park. No big deal for me as long as I can get 2 car park, back to back or side to side its ok

Thinker :
@fengshui
S.P blcok is actually slanting and not blocked by Zan or future One Imperial. About sea view, I dont see the point. My current condo is viewing sea from far. It is pitch black…nothing to view. In fact city light is more vibrant and lively. Only condo first-time- dweller will go for sea view.;p

then how come people rushing for sea front project like Penang World City & The Light like crazy..

Sorry, i’m new. and just curious if give 9% rebate mean 10%-9%=1%, just need to pay 1% for downpayment?

J :
Sorry, i’m new. and just curious if give 9% rebate mean 10%-9%=1%, just need to pay 1% for downpayment?

Yes, correct.

anyone knows abt cimb asking to buy fire insurance for this prop?

@Crap service
normally fire insurance will be covered by management, right?

@islander

Fire insurance not for under construction property. Your management will buy on your behalf after OC, you just need to provide the policy to your bank every year.

@J

There are still units available?

Most of you all taking islamic loan or conventional? Thanks

@Army
Islamic loan not in Setia’s game plan. This developer amortises future costs and they tabled out the margin sharing with banks. Islamic loan package is holding them up.

What is the meaning holding them up?

@Thinker
Don’t know what you mean. Mine is an Islamic loan from Hong Leong and was approved within a week.

@zonefinder

May i know the reason you take up islamic loan? Compared to conventional eg semi flexi by hong leong. Tq

@Army

no more from the sales, however, bumi lot is yet to release.
no sure how true is it..

@Army
Terms for Islamic loans in couple of ways superior to conventional ie no lock down period and there is a cap on max effective rate,

Guys…I was offered one unit below 20th flr….type c1….1095sf for rm565k….facing city view. Previous owner couldn’t secure loan. Is it a good buy/price?

Only 1 car park.

Appreciate input. Tq

@kwira

Before or after rebate?

Before rebate. 9%

@kwira
Has the price been raised? I remember the cheapest units were closer to 420K when soft-launch. If for own-stay, probably OK if u can afford but there are other alternative from sub-sales new or 2nd hand condo. E.g. Reflection (OC soon) which i believe with 2 car parks.

Sa told me all units sold off…only less than 15 bumi units available but not releasing until mid ext year. I didnt know abt the 420k softlaunch price. The last buyer paid close to 700k for bigger sf, corner unit.

Ok I’ll check reflections. Thanks

I paid about 650k for corner unit 1515 sq ft. The last unit.

@kwira
Forget to mention Setia Tri-angle probably falls within ur budget also, but won’t be ready anytime soon. U may also want to check OI etc nearby Pinnacle unless u specifically look for Setia only.

If u don’t mind older condos, there are other alternative in the Desaria region like Regency Heights, Vistaria, Sunrise, Pearl Garden. RH in my opinion has the best overall environment (but unit layout may not be acceptable for some).

Happy hunting.

@Army
Army, urs is before or after discount? And which bank u choose?

@Desmond

after rebate. opt for hong leong for convenience.

@kwira
What floor and facing is the unit offered? I thought 470psf after rebate is quite reasonable. There is price difference depending on floor level and facing.

@Army, is your purchase for own stay, flipping on rental play? At RM 650K, assuming loan was for RM585K, 30 years loan (4.2 Int), your monthly instalment is RM 2860.00. Rental is abit susah right to get positive cash flow?

@zonefinder, 17th floor, city view. So, what do you think?

@kwira

I doubt you can get good potential rental in this area. There will be a handful condos coming up. It’s really 50:50 for me, to stay or sell it off in future. It was never a panic buy due to the rising price of properties around. At least in my point of view, it will be a good place to stay if you have family. I like the concept and the fact that pinnacle is built in a residential area rather than popping up just next to shophouses, roads, commercial area and such if you get me. Just a personal preferance. What about you

@Army
+ 1 for your Army. I like setia small community concept.

@kwira
May ask the unit offered to you will enjoy the rebate? Can purchase extra car park?

@kwira
I think the price offered to you is good considering 9% rebate is still offered to you. City view is the most sought after direction.

Anyone have idea when is the showroom will be ready ?

Army :I paid about 650k for corner unit 1515 sq ft. The last unit.

In terms of per sqft it is the same comparing to mine. Just difference by floor adder and hill vs city. I forget the price variance on hill vs city view. Is it $30k ?

@Thinker
May ask do u mean u can get rm429 persf for the city view?

What is the land area for this project? Any one have any idea?

@Juru Guru

I have been told it will sit on the huge ‘SETIA GREEN’ board. http://wikimapia.org/26550787/Setia-Pinnacle

Thinker :

Army :I paid about 650k for corner unit 1515 sq ft. The last unit.

In terms of per sqft it is the same comparing to mine. Just difference by floor adder and hill vs city. I forget the price variance on hill vs city view. Is it $30k ?

Yes, it’s about 30k difference.

“SETIA GREEN” sign is closer to the 8th floor (swimming pool) of Setia Pinnacle. Piling on the car park floor has started behind existing Setia Green terrace houses.

kwira :Guys…I was offered one unit below 20th flr….type c1….1095sf for rm565k….facing city view. Previous owner couldn’t secure loan. Is it a good buy/price?
Only 1 car park.
Appreciate input. Tq

Which floor they offered you? The price that I asked for Type C hill view at 20th floor already 553K during soft launch. So, 565K here consider old price for city view.

Forget it XY. Somebody ‘sapu’ the unit quietly yesterday according to SA. i hope not some1 frm this forum! Grrrr. But its okay, there are more condos to eye la, so no issues.

@kwira
Not surprised if its someone from forum. Sometimes you need to be a bit kiasu especially when its something sought after. Anyway, I’m sure you will get something better. Good luck.

@Desmond
city view should be $456/ sft.

Army :
I paid about 650k for corner unit 1515 sq ft. The last unit.

Army, I just got one 1515sf corner unit, 14th floor. how about yours?

Is Pinnacle sample house still in progress? Do any one has news about when it is ready for view?

According to the Sales person, the show room won’t be ready so soon since the unit is selling hot. perhaps a few more months to go.

I won’t be surprised if they take their own sweet time now that the non-bumi units are practically sold out.

I understand from developer the show room will be ready some where in June. Just notice the progress of the show house almost conplete. There are only two type of unit available. Not sure 1095 unit was in or not.

onered86 :
I understand from developer the show room will be ready some where in June. Just notice the progress of the show house almost conplete. There are only two type of unit available. Not sure 1095 unit was in or not.

Initial plan is build sample room for Type A and C. Not sure the plan have any changes?

is MOT for this project free as well? cld someone pls confirm tq tq

believe the freebies is below, does it incl MOT?
sale documents
financing document
dibs
9% rebate

Hi Spse,

Don’t think the freebies include MOT, according to my lawyer we have to “chiak kaki” or bear the cost for MOT. May be others would like to share.

@spse
We have to bear MOT ourselves.

@zonefinder
MOT is memorandum of transfer right? for strata title 1? I dont think this is common in malaysia developer to free this for condo

Hi,anyone got receive call from lawyer and need us to sign a letter?think developer want to change snp date even we sign it long time ago. the content of the letter a bit weird.