Straits Garden Condominium
Straits Garden Condominium, the second block of Straits Garden comprises condominium unit with size ranging from 1,302 sq.ft. – 1,345 sq.ft. Ultimate privacy with 4 units per floor and semi-detached concept. It comes with infinity pool, wellness corner, indoor & outdoor gym and skyview corner.
First block of Straits Garden comprises fully-furnished commercial suites.
Property Project : Straits Garden Condominium
Location : Jelutong, Penang
Property Type : Condominium/Apartment
Total Units: 183 (Block B – Condo)
Developer : Tambun Indah
What is the price?
In fact, still can’t believe the said RM550psf…
The units will face Indah Water treatment plant? Can hear the noise of the pump? When the water being pump, will the bad smell goes to this Condo? Will it very noisy too from both busy road (Coastal highway and Jln Jelutong)?
now start for registration and choose unit but down payment RM5000
RM528 psf
No cheap. Around 680k then with 528 psf.
wah so expensive, have to put under stake holder somemore, sure plan havent approve
Anyone who plans to book a unit should tatoo on his/her forehead…
“I AM A STRAITS GARDEN IDIOT”
The building design look like the nearby low cost flat….they are many LMC at that area, this one look alike.
@Niko
Why you say idiot? May be the price after completed become RM700psf? Then you may tatoo:- ‘I AM AN IDIOT MISSED STRAITS GARDEN’
We need more developer like this, can help to goreng the price up and up again, then only can see Penang property more vibrant, the price appreciate now is too slow, compare to Singapore and Hong Kong. Looking forwads to see the new Penang condo launch with cheapest price from RM600psf onwards.
Even Teluk Kumbar Condo now only at RM330psf, too cheap for those expatriate and foreign buyers.
@John Chor
Yes, John Chor you are so brilliant. By the way, are you a penangite?
ya i also feel that John Chor is too brilliant. goreng till like siao lang liao sumore 1 goreng.. then the poor 1 have to slp at jalan d…
The poor one has government to build affortable house for them. They deserved it.
goreng until char hoey tah!
I dont understand you folks. If the price is crazy, then just dont buy it. Let them goreng. Let the market forces takes its own course.
Is like i’m selling pisang goreng for RM10 dollars and you ppl complain complain complain. Just walk away, okie? You can stand next to my stall complaining for days/months/years but what if i still insist to sell my pisang goreng for RM10 even though no customer. I still survive and now sit back and looking at you funny ppl complaining and it actually entertained my day. If that is your intention, then be it.
Pls, for whoever sake, just walk away if this is not you preferred and if you are seriously looking for something that can fit your preference and budget.
@Crystal Ball
I am a penangite. And as usual, don’t want to see the house price increase so much, but, if we still expect the price still keep stagnant, so, what is the implication to our economy? Singapore and Hong Kong for eg. their property price increase at the rate of 5x compare to Penang (& Klang Valley), so, our property price still have plenty of room to appreciate while giving a lot of opportunity for foreigners to buy.
@Samantha
Yes, if you sell at RM10 today, still has customer like ang mo kao (foreigners) or the richers to buy, still making money. Next year you will sell at RM12, which is normal as only 20% increase due to inflation, ppl still buy as living cost is increasing.
For those low incomes, it is our administration’s job to build more affortable house and LMC, like 7500 LMC units at Batu Kawan at RM75k (~650sf); Setia Vista at Relau at RM42k (~500sf), and etc. The only worst thing i an see is to Goreng LMC like those at Jelutong from RM75k to RM165k (you know where i mean la), and Halaman Kenanga by PDC also got goreng till over RM100k. This is what we mean goreng that resulted in very bad impact to those lower income populations. For other property that in middle to high class, what’s a big deal of ‘goreng’?
E.g. PDC Flats at Lebuh Macallum was RM50k in 1980th; now is at about RM70k, so, it is still the same and no factors of ‘goreng’. As they are belong to the lower income folks. We want to see the trend like this, LMC for ‘budget’ income ppl. While we can’t see any other propety still keep stagnant in price to indicates our economy stagnant. A 1000sf Condo at Gurney Drive cost RM250k in year 1999, now at RM650k, this is normal; Do you still think it should at ~RM300k range? If yes then we’re in trouble.
Haha, i can’t keep on saying a luxury condominium with RM2mil is expensive for me while my income is at RM3000 per month. So, i go for LMC at 100k or middle class appartment with 250k. THE MOST IMPORTANT THING, don’t speculate LMC and affortable home for the poor, PLEASE. Give chance to those poors to own a house with affortable price. Like What Singapore government is doing very well on this for the lower income to own house.
As long as there are enough LMC at ~RM50,000 range, and affortable house below RM300,000, then overall property market will be healthy, even the price for condo with 1000sf climb up till RM1mil.
you all must be dreaming! even LMC can reach 2xxk today, who cares? people still buying like crazy.
– Waiting for approval/get LMC house from state government takes more than 2-3 years = only can get LMC house
or
– buy ANY property in penang takes 2-3 years = profit
or
– some LMC selling at 1xx – 2xx k and in 2-3 years = profit
as a conclusion, the state government cant even help, they just wan to switch all the low-middle income group to batu kawan. BUT THEY CAN SELL RECLAIM LAND TO IVORY FOR LUXURY PROJECT. THE STATE GOVERNMENT CANNOT EVEN USE THE RECLAIM LAND TO BUILD AFFORDABLE HOUSES than saying “No land” in Penang?
@tata
how to sustain the LMC project if the gov build LMC on reclaim land?
In fact, reclaim land usually fronting sea….so how practical or how many more areas in the island that allows you to do that?
Please think properly lar….
They can have mixed development to include LMC but not all LMC concentrate and build on reclaim land.
@Ah Dog
Wrong mentality. Why do we have to push down the house price to suit for average citizen current income range. 1000sf condo with 1mil price tag is also healthy if our average earning is RM10k. I am wondering how the banyak nonsense gamen can help us to get there.
The problem is not with the property price, its our salary/income.
please back to topic and discuss about Straits Garden project
don’t bring any politician to here
if wan politician go others forum
you mean low-middle income people do not deserve seafront projects?
@tata
Use common sense abit lar…. hehe…
@wbk
what do you mean by common sense? then u talk some sense lor
Let’s talk straight on Straits Garden Condo (SGC).
SGC CONDOS ARE FREAKING OVER PRICED!
SG SUITES ARE EVEN WORSE, THEY ARE NOT CONDOS, THEY ARE TINY COMMERCIAL TITLE SUITES!
sure can make money one, no matter how much. If over price, mean will take longer time to have return. Just buy laa …..
bubble bubble
雪蘭莪‧八打靈再也5日訊）房地產投資者俱樂部主席鄭水興指出，二手房地產市場將於未來兩個月內陷入困境，而且若政府在9月即將宣佈的財政預算案未有帶來好消息，二手房市可能會在明年農曆新年期間崩潰。
他說，由於歐洲的經濟市場不明朗，再加嚴格的房貸條件，銀行的估價也過於保守及苛刻，造成二手房交易陷入困境。
他週四召開記者會，促請政府務必關注二手房即將面臨的嚴竣問題。
“7月至8月的情況更會加劇，我國準備迎接齋戒月及開齋節，華裔則有中元節；投資者也等待政府於9月的財政預算案捎來好消息，再加上政府或許會隨時宣佈大選，以致投資者在這段期間靜觀其變，這些因素都造成二手房地產市場陷入淡季。”
The question that you asked lar… Hehe..
they deserve everything. it just that the developers or government will have MIXED development that will include limited LMC units in their project. Government must regulate this.
Please look at wider and think logically. If you are the developers, will you choose to build LMC in seafronting project? With the government regulation, they at least are forced to build LMC in certain %. But this is rarely happen and if it happens, it will be gone before launching.
So, the problem is speculating that i think we need to tackle. 1st time owners are always given priority. LMC housing should be locked for 10 years or more and not allow to be sold to other ppl except your spouses or close families. This is just some rough idea. not sure how practical.
Then, selling land to big property developer, we do not know what is in return that the state goverment benefit. If they are smart, they should sell it as lease hold and ask for certain land parcel to be developed for LMC. It may be a dream wish, but at least it benefits the low-income population.
@tata
Haha, Macallum area got a lot of LMC, they all enjoy the seafont view with nice breeze, like what Summer Place condo or the light linear has.
@Samantha
Yeah! Very stringent law need to be set on LMC and the coming so called affortable houses for low/middle income, ONLY FOR FIRST TIME BUYER! and need to lock for no resell in 10 years, and can’t rent out (need to do more audit to fine those rent out house), and etc. The government need to do more on the housing for low/middle income.
@Judge Bao
Please la, see a lot this kind of news even in 2 years ago, while you keep on showing this kind of repeated news, the house price is still increasing. So, wait long long la, now you see a condo 1000sf with RM500k, after next year, you will see the exactly same unit (but old a bit) sell at RM650k in year 2014.
@Samantha
Samantha, like ah Dog said, macallum apartments are having seaview too and reclaim land, so what’s the problem? the government should instead selling the land away for developers, but reclaim the land themselves and build LMC houses or landed houses.
Thats as if the government wants to help the Rakyat
@Mr Tan
As long as it makes economic sense… we don’t want gamen that make policies that does not make sense…
Make sense? hehe…
@Mr Tan
Mr. Tan, agree with you on the maccallum apartments. That is totally right. Think of it, where else in Penang island can reclaim the land and build JUST LMC? Then another point, you also would not like to cluster all LMC in just ONE location. You can see PDC start building LMC flats around recently. I noticed a flat by PDC right at the T-junction at the lip-sin area if you are coming down from the Equatorial hotel hill road.
What government must do is REGULATE the industry. They are policy makers. They should not DIRECTLY interfere in reclaiming land and then build hse and then sell it. Makes no sense. They can partner with private developers by tender but request them to provide certain % into the LMC development. That is a WIN-WIN solution.
@Samantha
Samantha, the state government complains about scarce of land in Penang but they can just sell the piece of bayan mutiara land to developer to make way for luxury projects without building any LMC apartments. Is this something you called Regulate the industry?
Government from foreign countries PURCHASES land from land owner to develop LMC apartment and affordable house for their people but not selling away the piece of reclaimation land for NO-solution
Where else in Penang can just reclaim the land just to build LMC? just like Maccalum (yes they did) and there’s no reason for the government NOT to do the same for the Bayan Mutiara Land
@tata
Walau…. you want gamen to give up Bayan Mutiara prime land to build low cost? you tot gamen print money one ah? Even really rich also not wasting money like that lar… will become begger next life one lor… that’s called not making sense lar… hehe…
Since you said foreign countries PURCHASES prime seafront land to build low cost… doubt it until you prove it lor… hehe…
@wbk
Ya lo. Reclaim already spent a lot. Some more build LMC with low return? Just wonder who willing to do this kind of business. As far as i know, none in Penang yet.
this is not about business, this is about helping the rakyat
if government wants to help the rakyat means there will be no profit involved
wbk,
gamen can spend money to reclaim to build macallum, why cannot build bayan mutiara?
what are the difference? because bayan mutiara more expensive?
@tata
Helping Rakyay ada cara lain nya… you know RM5billion can build how many things or not? Monorel, highway, parks, cleaning river, etc. etc… lar… you really want to use all these to exchange with your few blocks of low cost meh? hehe…
But hor, you bla bla bla but still yet to give me which countries do that ler… hehe…
hi tata
if all LMC build in beside the sea, i cannot imagine how will Penang image look like.
haha
@wbk
dude, the land cost is only 280 per sq ft = 8xxmil
ada 5billion? the state government untung 5mil ah?
with 41ha, you can move all the batu kawan houses to bayan mutiara,
instead of moving people to mainland
apalalu,
if you cannot jaga the people in Penang (all no house), ur image will already ruined
macallum stands for more than 10 years, does that affect the image?
tata,
of cause we need to jaga people, but at the same time we cannot prevent development.
We need to accept the fact. This world is not fair…
apalalu,
ya, and all the government saying to help people to get house is all crap?
means the state is lying?
tata,
If you think state is lying to you, please vote them out.
We are democratic country.
@tata
you talk talk talk talk in the end still want the piece of seafront prime land for non-productive purpose lar… sounded very familiar… hehe…
if you are a candidate for the GE13, I sure won’t vote for your lor… really below expectation lar with the way you minimize the economic effect…. really go backward lor like that… hehe…
If not mistaken, all those LMCs were built by IJM, land reclaimed by IJM, Jelutong Express build by IJM, in return, IJM get reclaim rights on “The Light”……
FYI, LMC cost without land & infrastructure is RM90k to RM120k per unit, now selling RM70k, u think the government print money meh. That’s why they sell the Bayan Mutiara land to Ivory, get the money to build LMC ma…..
If not sell the land, penang property prices will go up, as the state government only primary income is from assessment, lease collected from factories and contributions on new development, so in return, developer have to pay more, housing cost higher, and still lack of affordable housing.
@wbk
Totally agreed with you. His/Her mindset is going backward.
@tata
Government cannot change overnite and provide you a piece of land fronting seafront for LMC. As other have said, this is not practical economically and it will put a huge burden to the state financial.
There are many ways to help rakyat. For housing, there is already a program in place, it may or may not cover all but thats a 1st step moving forward. I am not expert in economy, but i see that the government is pulling in FDI to provide more jobs and better paying jobs. Is that not called ‘jaga’ the rakyat by providing job oppurtunities?
wbk, we’re just thinking logically, im telling you facts
and im not answering to all your non-facts, what candidate or whatever minimize the economic effect.
if macallum is not developed, you called it a prime land too right?
so why cant the state do the same instead of selling it away’?
There’s always “Allocation fund for LMC houses = Probably 2-3B”
Instead of selling away the land , they should consider putting effort on it.
42ha is like 100 acre, 100x 78 = 7,800 houses = RM585,000,000 if each selling at 75k! without all the renovation package and the car park
if you are talking about what government print money or whatever is bull crap
all of us knows 2 main problems in Penang
1) not enough house
2) traffic jam
why does the government focusing on giving all those idiotic ceramah and did all those rubbish stuffs which is not beneficial to the rakyat instead of building LMC?
Because when they build this LMCs, apartment was only selling Rm150k to Rm200k, LMC cost RM50k, now apartment 400k to 600k, LMC 70k, u see the different?
And is a package for building the express way.
1. most of the land needed to be reclaimed, at RM100 psf, 100 acre @ say 70%, to reclaim alone need 300 mil.
2. Can sell RM585 mil, one unit loss, say RM30k @ 7800 units = 234 mil
So total loss = RM234mil + RM300 mil = RM534mil
Where got money?
Sorry to add in, u think everyone love to live in LMC, to me, creates more high income jobs is more important…..
Wah… like that you also said logic ah? Macallum is Gerakan time one is it? Wah… like that must proud it out loud lar… What is the huge economic effect the Macallum give ler?
But hor…. dun fall prey to Gerakan punya rubbish lar…. their thinking not logic one…like children… worst is still think Rakyat are anak-anak kecil also… hehe…
How much do you think we need to fork out to build that 7800 units of low cost leh? but no economic benefit one wor…
@People
Agree 100%
WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
Macallum gives 1000 units and provides 1000 household house
Walau… need to spend so much duit rakyat for non-productive low cost flat?.. our neighbour might be laughing at us lar with policy makers that are shiok sendiri like that… hehe…
Still dun know why you like low cost flat so much… strange… hmmmm
QS from where? If RM35k, include infra & lift? 1 lift = RM300k if 30 floor every floor 20 units, need 4 lifts.
If got 35k, introduce the QS & contractor to me, thanks.
Can flip from 75k to 150k?
think theoretically ok? hve u ever been to any YB service centre in Penang? try to linger for 2 hours and see what are the rakyat’s problem
queuing up for numbers just to see the YB for what?
90% to fill in PN1 form to ask for house
if you ever do that, visit all YB’s service centre, listen to people’s problem, then only you talk about policy maker.
Learn to understand what people wants
i mentioned the cost of UNIT is 35K
@tata
Banned all property forum so forumer cannot goreng.
Sure can help rakyat.
@Mr Lim
Ya ya ya… i focus on Bayan Muatiria low cost issue now… later will talk to you on other rakyat issue… ok bro? hehe…
Then introduce the contractor to me, i want to build also, RM35k cost, can sell RM75k…..
Still can find lots of property in Penang Island under 100K, go mudah, click for sale, set the max value to 100K
http://www.mudah.my/li?fs=1&ca=3_s&th=1&q=&cg=2020&w=103&st=s&ps=0&pe=1&ros=&roe=&ss=&se=&title=&otherInfo=
@Fishy
They wanted sub 100k facing seaside meh. Where to find.
Also please comment, is present the State Goverment getting adequate funding from Federal unlike seedless durian goverment time?
After seeing many comments about Bayan Mutiara should have LMC, btw, this shouldn’t be done. PWC at Bayan Mutiara, The Light, Southbay, etc…shouldn’t incoporate LMC. This will bring down the image and the value of the ‘high class township’ developement. But, the area that near to garbage landfill should build more high rise and high dense LMC, copy the idea from Hong Kong, and accomodate more low incomes. Great location as near to high way.
the state sacrificed 41ha of land make way for luxury projects instead of building on their own.
the state allows the developer to get away without building any LMC houses on that piece of land.
so where is the so called transparency?
@tata
sell the land, take the money, build monorel, build toll free highway, cleaning and greening the state, build more parks, build more recreational gardens, revive the heritage, grow the economy, so much possibility yet so little time… hehe…
sure much better than building few blocks of low cost at the prime land lor… you really tot everyone like you meh…love to stay at low cost flat like that? hehe
really difficult to understand what kind of mentality is that lor.. hehe
If people do not want to stay at low cost/low medium cost flat? Why do people apply for that?
If you observe like i abovementioned, try to visit any YB service center which is more than 50 people applying for houses each time I visit, if you haven’t been to any of them then you are not fit to say “You really tot everyone like you meh, love to stay at low cost flat like that?”
this is an ugly truth, 2 main needs in Penang ,
1st) lacking of affordable houses
2nd)traffic is the problem (without denying KL and other places is worse, but this is a problem which the state has to solve)
not everyone in Penang is as “rich” as you, can afford atleast condo, probably bungalow and well, thats you.
have you ever seen 2 families squeeze in a low cost flat which 5-6 childrens sharing a room?
so you have to experience that to understand what kind of mentality is that
@tata
Wah… how come you can be so “predictable” one? hehe…
But hor… I feel blessed and work hard to earn my own house one lar… no crony here and there one lor…
Please ask urself why until now still so many families need to squeeze in low cost flat lor… still got 8 years to reach 2020 wor… i think the 2020 is really smog screen lar… talk only one lar… if not where got poor people???
I think no matter wat you still want Bayan Muatiara turned into low cost one lar… to bring down the economic effect of the queensbay area one lor… remember also lar… the Gold Coast, D’residence, Putra Place, Putra Marine, Baystar etc. people still against you one lar… hehe…
this is an ugly truth, 2 main needs in Penang,
1st) lacking of affordable houses
2nd) traffic is the problem (without denying KL and other places is worse, but this is a problem which the state has to solve)
I agreed with you.
CSL vs. LGE Debate about affordable home for less affordable rakyat; I think it is very important to reduce social-economic gap among rakyat.
@tata
@tata
@wbk
you forgot villa emas is there too? villa emas is also LMC right?
@ZAKARIYYA
Yeah i heard lim guan eng build 3,000 houses in penang from 2008 to 2010
@ZAKARIYYA
Memang betui … should learn abit from South Korea and Singapore lor… only the best mind should be allowed to run the country maa… hehe…
@tata
okayyyyy… villa emas and summerton folks sure also hantam them kuat-kuat one lar if someone propose to build low cost there…. hehe…
wbk, what i meant is, villa emas itself is a low-medium cost apartment.
OMG… Villa Emas is LMC built by gamen? You joking or wat? Asking price from RM320k wor… got big swimming pool somemore….which part of it look like LMC? hehe…
@wbk
Villa emas is not LMC, but middle class apartment, and now, also at ~RM350k for 1cp unit and ~RM380k for 2cp. It is not cheap as the price is at ~RM410 psf. The price stop increase for more than a year, and may going down if ‘terrible’ thing happen to it once Summerton is built (view blocked, cracks due to impact from Summerton, etc.)
@wbk
No way to build any LMC at Bayan Mutiara and QB. Yes, they will fcuk you kuat kuat without lotion, if any LMC proposed there.
@ZAKARIYYA
Reduce gap? How to reduce? Like giant country China also not able to do that. Rich become richer, while poor become poorer, and for the lazy population, there is no way for them to become rich, so, just ask and wait for government for help. This is not a Robinhood generation.
In my opinion, more high dense LMC should be built at the Penang Waterfront, next to The Spring Condo area, they should turn the existing garbage landfill into green park, for those LMC residense.
@Ah Dog
Mesti ada jalan keluar maa,
like WBK said,
@wbk
We need real and sincere leader, not corrupted leaders.
The leaders should think and solve the problems, not the business-developers.
@ZAKARIYYA
Oh… so simple one ah? Sincere and not corrupted, and must be not business developers somemore ah? hehe…
Many many years ago Umno all consist of cikgu-cikgu… now consists of contractors, developers, businessman etc. that supply this and that to gamen… make huge profit along the way… can find no corrupt one meh? susah laa rakyat demikian… hehe…
I also sincere, sure no corrupt and not developer also… i also can be gamen like that lar… hehe…
I rather judge leaders by their results lor… not their background or sincerity like that lar.. those things sometime faked one lor… hehe…
@wbk
Yes, sincere leaders, not corrupted. Can list further the good leadership criteria, Jujur,Amanah,Bersih Hati, dan baaaanyak lagi. In Muslim philosophy, the most important criteria is BERIMAN.
So our job as a responsible and good rakyat is to vote for good leader lah……
Affordable home for less affordable rakyat is a real rakyat problems. Rakyat issues is the leaders responsibility. (not fair to blame developers lar…not their job maa)
corrupted leaders very easy to find….those YBs who talk and talk and talk about rakyat but their living lifestyle soooo luxury incompatible with their academic qualification and profession is corrupted until proven otherwise….Do you agree with me?
Good leader is leader for all.
@wbk
“I rather judge leaders by their results lor… not their background or sincerity like that lar.. those things sometime faked one lor… hehe…”
How to judge their results if you never give them a chance?
@ZAKARIYYA
Agree. Corruption sure will destroy the country one lar… hehe…
this is a forum where we talk about property not corruption,
why the state sells the bayan mutiara land away instead of making use of it?
1) if you said the state has no money( as claimed, state not money printer) why not the state propose the land to be used by state government to allow all the developers to build their LMC there instead of including in their project? the land can be sub-division-ed and pay premium to the state to gain profit
2) what did the state do with the money after the land is sold? giving away free Wi-Fi and free rapid ride, is that all?
@tata
Adui… doesn’t make sense to use primed land to build low cost lor… You ask E&O to build low cost next to Straights Quay lar… hehe…
If state build LMC at prime land, what is the perspective of the Penangite and All State and Country around the world thinks about Penang state government?
It’s going to be like the First in Malaysia that the state builds LMC on a prime land
Walau… want to be the first some more… malaysia got many first for the wrong reason one lar… hehe…
what are the reasons not to build LMC on a prime land?
tata, please go ask Petronas to build LMC next to KLCC…
@tata
“this is a forum where we talk about property not corruption”
STRICTLY, this is a forum where we talk about Straits Garden Condominium, not the build LMC on a prime land! Is there any objections?
haha, side topic ma! agree that LMC shouldn’t build on prime land. Btw, there is LMC block build beside this SG, those qualify to buy one LMC, can seriously consider this. If got 3 rooms, then will be a good LMC. Btw, surely will have a lot ppl buy for rental yield, since studio/condo so expensive for good rental yield, so, LMC can be a good option for investment. So, what is the action of government to control this? FOR SURE, MORE THAN 50% OF LMC WILL GO FOR RENTAL.
@wbk
Btw, E&O is building LMC at straight quay, go and check at KOMTAR 3rd floor.
LMC will be very hot for investment in rental, so, the administration should watch out closely.
No kidding? Mind sharing left or right side of Straights Quay?
@tata
Does not make sense…
Make sense? hehe…
@wbk
No joke here, if you’re interested, go and check it out at Komtar 3rd floor, there is one LMC at that area, but not yet distributed.
In fact, that area already got LMC, you should see that blocks of LMC when you turn into Straight Quay.
Beside the one at Straight Quay, there are few ‘high end’ LMC at Penang Island currently up for grab; Centrio Avenue at Bukit Gambier (second phase not yet distribute), Straight Garden LMC, and….etc.
@Ah Dog
Is this LMC open for public to buy?
@U2
nope, only for those income below RM3000 and no house yet, need to submit form (RM1 for the form), for registration, once approve, then fill up the pink form for your project preference, then, wait long long, some wait more than 10 years also can’t get one. Unless, you ……(cari kang tao la, or, bawah berunding, you know what’s the meaning la)
@Ah Dog
I got it. Thx for yr clarification
Just went to gurney plaza property fair. The SG condo demand not good. The unit-7 fully sold because of facing seaview + Indah water while the rest not highly demanded. Sky high expensive price 728k onward at this kind of location. Crazy liao…………… I think this is the last call for developer to sell off their on hand project before the election and before the market crash deeply again. Good luck for those buyer.
You can say the market crash deeply, but if it doesn’t happen, or after election, there are more stable administration setting up, the M’sia economic profile will be good and another round of property price shoot up will happen again. Those 1000sf condo already at RM400k, it is not going to going down in price, but will slowly growth. Those will crash, are those over million ringgit residential condos.
just in case, the economic become worst either impact from Euro Crisis or our election, the impact will be in very short term, ~2 years only, after that, the bounce back will be even strong.
Hope that as what u told will be happened.
How long will be complete develop?
Just bought 2 units of condo @ straits garden for my sons. Very attrative promotion packages, DIBS…..
R u crazy, 2 units ???
hahahaha AMLah, such expensive projects u also can buy down hand?
I think the price is ok for me, after rebate DIBS, just 400++ sqf, furthermore i like the low density concept just 4 units per floor.
I heard my friend worked in Ivory, the bayan mutiara selling price around RM650 psf, IJM’s Vertiq RM580 psf onwards, Sandiland 500++ psf(i hate high density).
Very near to the sewage treatment plant.
So what is the package somemore?car park?
Why not buy a bungalow with that amount of money and have your family stay together?
may be his sons from different wives, last time also someone bought the SG studio for vacation stay with his 2nd wife. haha.
@Investor too
RM1.3 mil can buy bungalow in Penang? Where?
Balik Pulau lar, 1.3mil u can get a very good condo at Tanjung Tokong area already.
1.3mil can try to get a landed at tanjung tokong also! like simfonia
It is typical china man problem. Sons from different wives cannot stay under same roof. So have to buy 2 condo instead of 1 bungalow.
@Jonas
2700 sq feet condo in Tanjung Bungah? he has 2 sons, u think sons grow up, want to stay with parents?
Simfonia, leasedhold, 6 bedrooms, 4 bathrooms, build up 2,800 sqf. Asking price RM1.3 mil.
The main thing is he only have to pay less than RM100k now to book 2 units, worry 3 years later.
If buy Simfonia now, can he utilise now? If his planing is 3 years later, buy @ RM1.6 mil? Then who pay him the different?
Its all down to the purchaser purpose. Buy to stay, Invest , for Now or for future, or use to hedge inflation only.
@People
haiyah, what is so big different stay at the same condo area compare to stay inside the same bungalow? need to pay maintenance fee from own pocket pula.
why cannot buy Simfonia now? landed property price cannot appreciate meh? If he cannot afford to get loan to buy1.3 mils Simfonia now, can bank provide loan to him to buy 2 units SG condo also 1.3 mils now? I don’t understand why he cannot utilize Simfonia now, his 2 sons haven’t born yet???
@Zakarria
The different is 2 separate house.
Every family need privacy, even want to live together, the most is same area/building. Never force your sons live together after married.
Problem between in laws…….
Why cannot buy Simfonia? Then you should ask Amlah, not me.
Just my opinion, and i personally cannot afford to buy > RM500k property. So just come here to look look see see and talk talk.
Normally the wifie is the one that would not like to live with in laws, parent bought house for their sons so that their sons can live on their own not that common la. Malaysian still very conservative one.
@In laws
Now parent worry that their children cannot afford to buy house on their own, so finance them a bit, is common in Malaysia for this case.
But buying 2 units & forcing them to stay in the same building a bit….
Surprising! I have junior-senior Zakarria!! You are welcome!.
@ZAKARIYYA
Different culture ma.
And if everyone live in same roof, then need bungalow like Dr. Mohamed Khir Bin Toyo’s
@People
I think you have misquoted ZAKARIYYA with Zakarria.
I am not Zakarria. My focus and flow of thinking evidence by my written statements here is totally different with him. I hope you will not confuse who are ZAKARIYYA and Zakarria.
@ZAKARIYYA
oops, my sincere apology.
@People
Like that ah, Sandiland at Sg Pinang seems to be better. More luxury and better location for same price range.
Please differential between ZAKARiYYA & Zakar-ria. There is no senior-junior but totally different.
@ZAKARIYYA
you can buy a lot u got 5% discount LOL….
Both also same can enjoy 5% discount, no different
RM528psf discount 5% still more expensive than people buy Sandiland RM485psf. Rather choose Sandiland which looks more luxury and better location.
Totally Agreed. Sandilands is a better investment.
@Elmo
Both Sandilands and SG are good for own living. I believe most buyers are for own living.
Mr Zakarria,
Selamat datang dan selamat berpuasa.
To all readers,
I have 2 questions, a big problem for me, need your sincere advice!
I have signed the SnP (not for this condo) once received letter offer Islamic loan from the bank. However, the developer and their lawyer rejected the Islamic loan since the Islamic loan is not their panels. Now, I received a letter from the lawyer asked for another 10% progressive payment.
As a Muslim, any conventional loan with interest is STRONGLY PROHIBITED OR HARAM (DOSA BESAR) in Islam. It is a big sin to practice it. I think it is my right to choose the loan, not the developer nor the lawyer.
Who actually decided and make a rule the type of loan to be taken by the buyers?
The developer or lawyer?
How to solve the problem?
are you using their panel S&P lawyer? Developer do not have any say in deciding which bank the customer sourcing the loan from, except that they mentioned it before you paid the booking.
If it is the lawyer who said that, maybe because it was a hassle for them to process islamic loan compare to conventional loan, thus the rejection. Btw, dont tell me that Islamic Loan did not charged the borrower Interest for the loan as compare to conventional loan. Please do read between the lines in your islamic loan documents clauses. If Islamic loan really did not charged the borrower any interest and borrower only have to pay the principle through out the loan tenure, then all conventional loan can tapau and keep already loh….Anyway, do pls clarify on this part tho…really interested to know the “no-interest” charging part on Islamic Loan. 😛
@ZAKARIYYA
@ZAKARIYYA
You can decide on your panel bank provided the bank you select approved your loan. Take note non-panel bank may not able to enjoy some benefits like interest free until completion. That is why panel bank is usually used. You have your rights to choose your bank but may not enjoy certain benefit.
Once you signed your S&P. Progressive payment is normal based on the construction % completion. It is your lawyer duties to example to you before you signed the S&P.
@ZAKARIYYA
Every bank provide Islamic loan, so, choose the correct panel bank’s Islamic Loan.
@valkjr
haha, just LP & PL only, same.
haha, you’re right, where got loan didn’t charge ‘interest’. I normally don’t go for Islamic loan, due to their term & condition very complicated, and if you settle early, then need to pay ‘one lum sum compensation’ base on the final calculation of the ‘interest’ or the earning or fee that required. There is a term call xxxx (forgot the word, islamic term) to replace the word ‘interest’. Just like PTPTN (study loan) that kena charge ‘management fee’ of 3%, it is not ‘interest’, so, no DOSA
@valkjr
TQVM valkir
Yes, I am using their panel S&P lawyer. The concept for Islamic Loan is different from conventional loan. In fact the monthly installment for Islamic loan is higher than conventional loan.
@Elmo
TQVM Elmo.
Their panels bank CIMB already approved the Islamic loan. I received the letter offer from the bank but THEY (developer & lawyer) said that for this project must have conventional loan, not accepted the Islamic loan.
@Ah Dog
Their panel banks CIMB already approved my Islamic loan. Where else to go?
Low density concept is for luxury condo. After 3 years, most of the structure will be wear and tear. Do you think the management fee is enough to cover all these? I have seen a lot and at the end, you have to fork out more. If Singapore as a developed country has this issue, what do you think for Malaysia?
@ZAKARIYYA
I prefer getting Islamic loan (IL) because it is very transparent compare to conventional term loan (CTL). In IL, it does not charge interest, but it simply tells you how much they want to earn from you after 30years. It is berdosa to charge interest. Regardless IL or CTL, bank still earn your money but in different name.
Zakariyya, I never have any problem from developer when I get IL. It is not ethical for developer to reject your IL. If developer reject your islamic loan, then you must have them reply you in writing and after that file a complain to Minisry of Housing and Local Government. You can also get a Ahli Dewan Undangan Negeri to help you.
Some but not all developer take advantage on us.
@jack
You mean the other way around rite? try asking your IL bankers on how the “interest” is calculated. I am sure they also not 100% sure on the answer…
@jack
TQVM jack.
I don’t understand why they rejected IL. My friends said the lawyer actually the one who refuse to accept the IL not the developer.
What is the latest offer for this project? Thanks.
walao ehh , price is so beautiful , RM700k a condo, why pay so much for this god damn house? can you explain?
@ZAKARIYYA
Because the are some court case, with IL involving owner and bank. Things can be complicated when settling your loan within locking period. So some lawyer doesnt want to get involve.
@caller
As far as I know the Islamic Loan no locking period. I bought one unit condominium 2 years ago with Islamic Loan and sold it (sub sale) 3 months ago without any bank penalty since it has no locking period loan. This time the letter offer from the CIMB Islamic Loan also has no locking period. It is very clear for me that the ‘problem maker’ is the lawyer not the developer but the lawyer blamed the developer.
Thank you very much @caller
@ZAKARIYYA
I m not sure also, i tried to take IL. The banker explain till my head explode..so i give up.
@caller
Hong Leong Bank Islamic loan is very good. The banker showed me an example of a client who bought landed house in Island cost more than 2 million. The client is very rich. He took IL and settles it within a year without any penalty. He just needs to pay 1 year “interest” which is very minimal.
(I am here not specifically tried to promote IL, just to share my experience)
We better back to the discussed topic here regarding SGC.
What are the good things about this project?
What are the negative factors?
@cl
Received information from developer office
Early Bird Package:
1. RM40K Cash Rebate
2. DIBS 0%Interest under contruction period
3. Free 2 Car Park
4. Free S&P and Loan legal fees
5. Free Upgrading Package: 4 units air-cond/Storage Type Water Heater
Sandilands at Sg Pinang and this SGC area recently affected by flood or not?
It is depend which perspective you refer to.
Overall, there is no different in term of monthly instalment as compared to conventional loan. The good thing for Islamic Loan is the pre-lock profit. Up front, you are aware the profit margin of the bank.
At first, you know your loan amount and the bank will charge the profit on top of the loan amount. Then, after getting the figure (loan + profit) and it will divided number of year in order to get your monthly instalment. In future, they will not increase your monthly isntallment or charge you addtional “interest”.
You all feel confuse because of the calculation and documentation.
In fact, the Islamic banking has to comply with Musyarakah, Mudharabah principle etc.
From Islamic perspective, “Money” cannot be traded. So. the bank has to prepare few documents to you for signing purpose in order to comply Islamic rules and regulation.
@aizen
Thanks AiZen for the info.
@cl
I heard that AIRMAS Group will build Service Residences & Commercial at Jln Jelutong in between Jln Mat Taib and Jln Tengku, just near SGC. The size range is 800-1000sf with estimated price 500psf.
@cl
This early bird package will end this coming Sunday. Can visit their booth at QBM
Does Tambun Indah has experience in building high rise buildings? Anyway, the company is famous in “running extremely fast” after project completion. Good luck!
@valkjr
You can ask account manager instead of the person who approach you whom just hunt for business. They will explain the difference between Islamic Loan and Conventional Term Loan.
Btw, Is this project worth investing? What concern me is the track record of the developer. Are they reputable?
@jack
just went their road show yesterday..They said scotland villas opposite turf club penang is their project and other most at butterworth and simpang ampat(tambun).got their catalog in hand..
how many units left for sale ? think got many left, notice not good response at their roadshow
so many rebate meaning the developers earn till siao liao lo.
Your neighbour are IWK waste water treatment plant and the rubbish dump.
Enjoy your stay!
Today saw straits Garden advertised in The Star again, only 50% sold. Asking for more than RM5xx psft for a condo with limited recreation area in Jelutong is the real turn off for buyers. I think Tambun Indah should do more market survey before setting the price.
Fully agree. The location is bad. Close to sewage. They willing to spend money for more advertisement but not willing to sell a bit lower price. Stupid strategy.
Scotland villas belong to DNP Land not Tambun Indah. They only help partially for construction work.
I CANCELLED MY BOOKING. I URGE YOU TO DO IT FAST. YOU CAN GET CANCER BY LIVING NEXT TO THE SEWAGE DUMP. I HAVE TO PROTECT MY KIDS.
Think twice before you make any decision…
@bustard
What was you thinking when you placed your booking? Seriously.
He must be blind sided by all the FREEBIES throwed at him. At least he is making the right decision now. Well done, bro!
Until now still seeing nonstop newspaper adv selling this project, almost every day. Definitely tak laku.
Other project, soft launch one or two days all fully booked liao lar.
The reason i’m go for Sandilands
Totally agreed. That’s why I’ve chosen Sandilands too.
waster water treatment plant on one side, & If you look closer, there is also a massive landfill (sampah-sarap) very close by. It catches fire very often & releases god knows what kind of fumes.
SG is not a bad project, but at its current price… it won’t get much momentum from buyers since there are so many competing projects with almost the same price & much better surrounding.
i wish my salary incerement also can increase like property price 😛
they think penangites people printing money for leaving.
@Q
most people still believe property will appreciate in value & a bit ‘kiasu’ attitude to buy overprice house or condo, most important is still got many rich people in Penang, they prefer ‘goreng property’ not goreng pisang.
I saw TI advertised their Straights Garden on yesterday newspaper again. I am not surprised the manager said the sales are very good with 50% sold 3 months after launch. Don’t forget many popular projects sold out during preview or soft launch. I think 50% would be their likely final sales result after all, this 50% already been there for a few months already.
price pls
Hello Andrew,
Tambun Indah have set up a sales office right in front of the site at Cheoh Tau Kong.
I heard the units are moving rather slowly. You may walk in during office hours for full info. The sales office is very visible with bright colours. You won’t miss it when u pass jalan jelutong.
50% booked – 30% bumi lots – 10% booked by staffs = 10%. Cham!!!
@ Yes way,
They set up a NEW sales office because there are only 10% left?
Work 3 jobs to buy a condo :(, how the young generation survive if they are not from the rich family???? How many percent of people fall in medium low income group RM5000 / per month in Penang.
KUALA LUMPUR: Consumers will get greater protection against misleading or false advertisements in print and electronic media with the enforcement of the recent amendment to the Consumer Protection Act 1999 from Jan 1 next year.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaacob said those found to have put up misleading or false ads in terms of quantity, quality, price, effectiveness and availability of products could be fined up to RM5,000 or jailed up to three years.
I think I was guessing 10% actual sold after minus all those reserved for bumi and developer staff booking. NEW office can really help this overpriced mini condo?
@Yes Way,
Thanks for making it clear. I thought u meant it was already 90% sold, leaving only 10% hence my surprise. Because I heard it was only 50% booked just over a week ago. So what u meant was only 10% was ACTUALLY booked. ok
& No, I don’t believe a new sales office can make much of a difference in clearing out this overpriced condo.
The problem here is not whether the sales office is in Penang island or in Butterworth. The problem here is many buyers feel the PRICE is not right.
Sadly, many bought this over-priced CRAP condo, no, more like medium cost flats with facilities!