Arte S
Arte S, a lifestyle development project by Nusmetro along Jalan Bukit Gambier, Penang. It is located next to Ivory Plaza, comprises two residential towers sitting at the base of Bukit Gambier. Climbing to 49 storey’s, it will be the tallest on the island offering spectacular ocean views from the upper levels of its eastern elevation whilst the Western facade looks onto the jungle covered mountain.
- Tower A: SOHO (76 units), Service suites (75 units)
- Tower B: SOHO (250 units)
Location : Bukit Gambier, Penang
Property Type : Service Suites / SOHO
No. of Storey: 27 Storey (Block A), 49 Storey (Block B)
Developer : Nusmetro City
Register your interest here
Location Map:
Contributed by reader (6 June 2017)
What is the selling price?
Looks like 2 stacks of coins about to tumble!! The bedrooms are such odd shape you can barely arrange anything practical. Maybe an artist will appreciate Arte S.
Selling price about RM700+++ psf if not mistake.
Really interested. No wonder they are clearing out the old wooden houses there. No soho floor plans? Unit A render plan is the serviced suite right?
Probably time to get rid of the car and ride a motorcycle. With all the new projects there I guess Bukit Jambul -> Jalan Bukit Gambier will be reduced to a crawl in the near future…
The land is very small only, and lower then the road. When we passed by, only saw the roof of the wooden houses. The developer need to raise up the land a lot.
And, very close behind is those Gambier Height. Front will be partially blocked by i-Regency and Palm Palladium. Left side is the Padang Tembak, right side is the remaining of the wooden house.
Nusmetro is the one built Oasis, right? Anyone view the quality of their work? My observation on The Pulse, the quality is similar or slightly better to D’Piazza.
True. After BSG low cost flat + landed, and Oasis just OC obtained, The Pulse started ppl moving in, and 2 Pr1ma projects at Bkt Gelugor (near Oasis). Wonder if there is any requirement from local authorities to developer to widen the road, or built a fly over, in order to approve the project.
Simply pricing out of affordability, really shocked with price after calling up the office.
@MadMadPrice
What is the price then?? Thank you!
According to the sales:
Higher floors (>30) come with high spec >RM800 psf.
Mid floors come with mid spec ~RM750 psf.
Lower floors (now open for sales I believe) come with low spec ~RM700 psf.
This is the most shocking luxury price at such location.
Commercial title, standard units ~1300 sqft.
Not sure what is the maintanence fee, forgot to ask …
With this kind of price, I might as well purchase a landed property, easily cheaper.
hi guys anyone can update about the info and unit price? thanks and cheer
i thought SOHO unit will be smaller floorplan (500-700sqft) ? No ?
Sunway Bkt Gambier at the same location already selling at ~1.4M minimum and White Lily ~1.1M minimum.
What is built up for the landed properties? Calculate the price psf.
Just went through some advertisements, seems like asking price is something like rm600-800/sf, and Plaza Ivory is under rm500/sf… my goodness…
I’m not sure if there’s any more space for road widening in Jln Bukit Gambier, not the whole stretch at least. Widening a few parts will just create bottle neck somewhere.
Just the other day they closed half the road to resurface it, and everything slows to a crawl, I’d say no for bottlenecks. An elevated road for those who just wants to go straight might be a good idea…
Is the shop lot near to bukit gambier performing good? I pass by few month ago, seems like take up rate is quite low. We have to use the old shop lot as reference for this project’s performance
plaza ivory was 500psf, with this coming, 600psf will not be far.
Mostly mamak/sundry shops/tomyam restaurant. Wouldn’t say it’s crowded but other than the eateries the rest doesn’t seems to have that much customers.
The Palazzia at the other side of the road is still empty. Barber, sports equipment, outdoor equipment etc.
The MarryBrown sign is taken down, not sure what is next, or just renovation…
@Chris
Heard that Aroma Development is going to occupy that corner shop lot at Plaza Ivory. That empty land is really small, enough for 2 blocks of tall condo?
the job market is bad and i am not sure why developer still can sell at this price?
@Bryan
With condos being priced so high…. landed properties will even be higher soon….. penang property is really most expensive in the whole country
With condos being priced so high…. landed properties will even be higher soon….. penang property is really most expensive in the whole country
@LAND
Not the job market is bad, is nowdays people the rich get richer, the poor get poorer. Rich ppl still think this very cheap.The rich people earn money like open water tap, money keep flow in. There is imbalance in the economy you see. When majority people is poor, they will adjust back the economy.
@cashflow
I think it will fit, but imagine how cramp it will be.
Since I pass by there everyday I went and have a look, land slightly smaller than Plaza Ivory’s land (just guessing, use eyes only…) two towers should fit but will make full use of the space. The 2nd tower would be very very close to the sunway ceria flat at the back.
I’ve seen people gathering at the flat and bbq making noise or something, if it’s a regular thing then those living at the lower levels facing the flat might have a hard time.
Aroma development sign board is up at the shoplot, a good location to advertise their StarHill project behind, another highly priced condo and landed in the same area… Bukit Gambier is booming!
@Chris
Yes the land is smaller than Plaza Ivory, for sure higher density too to squeeze out all the profits. I think the multi storey carpark plus facility floor is already half tall as the flat, noise from BBQ or playground should be minimal. But firing range with “fireworks” once awhile is just stone’s throw away, window seal with thick curtain should helps.
Wow, very nice design and architecture. The tallest residential tower in Penang? Beating the Latitute by Ivory at Mount Eskin? What is next? Can it be taller than 65 storey Komtar? Almost 30 years Komtar stay the tallest building in Penang, it is time to have another taller sky scrapper in Penang.
Raffle Tower at Bkt Gambier by BSG was selling at RM1000psf, sold out right? This one only RM750psf, very cheap, especially with this spectacular design.
Btw, The Oasis and The Pulse by this developer with leasehold title already selling hot at secondary market now at price RM500psf onwards, empty units, and the price is rising fast when units available limited after the hot transaction period. Why The Oasis getting so hot? Because it’s design and architectural are super nice.
I wish one day we can just tele-commute for work, SOHO units would make a lot of sense. I surely prefer to sleep an extra hour everyday, plus this tower looks so nice I probably won’t even want to leave the house if I ever manage to stay in one.
Sure am worried about the traffic over here.
To be very honest, this project is built on a very small parcel of land. Land size of 2.5 acres and over 400 units on it?
Secondly, the developer haven’t receive APPL for the design yet. Everything is just an artist impression.
Maintenance is going to be expensive. Since it is commercial title. SOHO like units. The first few floors will be commercial and will be opened to public.
Design itself is not sufficient for the price that it is asking for RM700/sft? For that price might as well buy landed at bukit gambier
Location is very bad. Just in front of rifle range and you can probably hear them firing the guns near by. Bad feng shui. Some of the residents around that area told me that they got fired by stray bullets before….
Access road is horrible. With the additional traffic i am not sure jam it is going to be.
Not much of a sea view since it is so far away.
Swimming design for this project is horrible. It is hazardous for kids. However, the design is not finalized yet.
That 2 capsules located on the 30 smth floor does not seem structurally sound. They probably have to use a lot of pillars to support it and still i would worry about it since it is 40th story high.
If it is priced at RM500/sft it would be fair. How can you compare with BSG raffles place? BSG was selling below RM500/sft when they launched. Once they sold more than 50% of the units only they start selling higher.
I don’t think under such economic situation and at this pricing for this small little piece of land located in a lousy place would fetch such a high price of RM700/sft or anything above RM600/sft.
Reminder 2.5 acres is a very small piece of land. 400 over units?!!!! It is just crazy.
Even lets say if you are a speculator, i doubt you will make much money out from it. Maybe you wont find any buyers at all.
1250 sft going for RM800K? it is just absurb. I don’t think Penang people are that stupid to pay for such price. Let’s say you argue that you are paying for the design. Just take a while and have a look at a few times and you will realized that the design is horrible. It looks very “china product” like.
I wouldn’t consider this project at all to be honest.
Just like IJM’s pearl project that was priced too high initially and eventually converted to the vertiq. I believe the same would happen to this project. Who knows right? Just my 2 cents.
Humble Investor.
@not worth investing
Land is so small. You are right. How are they going to fit 400 over units in there….
Even vertiq at e-gate which is at a better location is fetching RM500.sft at initial launch.
Those who buy this project will get stuck with it for sure. They are looking for dumbos to invest in their ambitious project…..
The layouts for the rooms are horrible.
So much space wasted and it is hard to arrange the furniture.
certainly not worth RM700/sft. Rather buy Tg Tokong area with this pricing. At least at Tg Tokong rental yield is there for the expats.
Maybe it is a marketing strategy. Spreading the news selling at 700psf, then later give early birds 600psf, ppl will think very cheap. My wild guess.
soon other developers will follow this new pricing range and it will be the new norm…… house prices in Penang will then leap another gap up……
Aroma project Star Hill also beside the project,based to information the project have 2 tower and total 506unit included 6 PenHouse & the selling price is around RM500-600 psf & the landed property is 3 storey bungalow total 20 unit & selling price is around RM3 Mil per unit.
The project will be launching on end of Jan 2013 & the project will be under DIBS.
Early Bird buyer maybe can get discount & free car park. ^^
@Alex Tan
Is it open for registration?
@oic
Yes,OIC….need register just leave me Name & Contact Number
@Alex Tan
Can I have your email address?
@oic
kokliang.126@gmail.com
Density is way too high. Land is small, 2.5 acres with 400 over units plus commercials. Developer is way too greedy. Design looks very China like. Over priced at RM650-RM700/sft.
Starhill near by (just behind) is only going for RM500.sft. Might be below RM500.sft for early birds.
Priced to fail from how i see it for Arte S.
Since I live in the area I thought I’d share for those who’s not:
Rifle range, yes you will hear them shooting but most of the time it’s during weekend morning. Things get exciting when they are using machine guns. It’s loud enough when your unit faces the sea, imagine your unit faces the firing range.
Sea view, forget it. Yes you can see the sea/bridge from here, but it’s so far away you’ll need a binocular. Not to mention the haze, even a slight haze you won’t be able to see the sea anymore. On clear days it’s nice you can see Penang mainland from here.
Traffic, everyone drives very fast due to traffic light in front of USM door. Be prepared to get stuck at the junction until the light turns red. Depends on where the exit is, if you work in the FTZ your only way to go out might be drive all the way to Jade View and take a U-turn.
Fastest time to reach FTZ in the morning is 15-25 min, more if you work further south. 25-45 minute to come home. 1 hour each way if you for some reason go to Kulim from here without breaking speed limit. Expect traffic to get worse.
Chinese temple across the street getting lively once or twice a year.
If you plan to use the bus, there’s only one bus…
For my 2 cents thinking, overall this arte is a grand building in Penang since they is highest storey so far. I heard this is done by International architect SPARK, quite
impressive design. I hope that project will have in KL too. Some more have private lift ler, whole design like super condo,really luxury!!! If this is in KL I definitely buy it…please let me know if KL got ya
My 2 cents, how is this luxurious when you are living in a land of 2.5 acres with over 400 units not forgetting the commercials lots that are opened to public.
Highest story sounds more like high density. The 2 capsules at the 30 something floor does not even seem structurally sound at all.
How is the design impressive? The layout is so horrible, it is going to be hard to put your furniture. Swimming flows down in steps. So my kids will have to jump from the top to bottom and hurt themselves?
Private lift and lobbY? The lobby is as big as the size of the lift. The lift is squarish in size.
There are 12 lifts in total and 90% of the time it will be in used. Just imagine the maintenance for it? It is going to cost a bomb to maintain the lifts alone.
Super condo? Super condo are condos with at least 3000sft and above. How is this a super condo? Location wise also failed already.
I am surprised no one is making any noise about this development yet.
Does any residents around that area have anything to say about this project? Make some noise people and protest.
I wonder how many CP allocated for this project.
@Why so serious
@Seriously?
Maybe the residents nearby are more than happy to see the growing psf for that location! LOL… Anyway most of them are high rise too, can complain why this one is taller.
please la…go get more information!!!
1 – there is no commercial lot there.
2 – their lift speed is more faster
3 – their layout is curve but only in window. *Do you put any furnish in front of window to block your view???
4 – high density?? for me dont think so…very common amount.
Our club members think this investment is not worthwhile with limited upside for capital appreciation, with many units in CEO turned into SOHO and yet to get tenant. We think this location is too quiet for business.
Then which project your club members recommend? One Imperial? Pinnacle? Or Star Hill?
Where is Starhill project? Who is the developer? Anyone habe the telephone no so that I can call and ask? Thks
@Bryan
If you join our club, you will enjoy the benefit on the first hand information on the up-coming launches. And also entitled to bulk buyers privilege. Whichever projects that have high take up rate would be worthwhile to invest. These projects should have high participation rate from our club members. Just bear in mind, don’t be too greedy.
Your club could have make a lot of profit if it is 5 years ago. Now and 5 years in future, you still think this is the same game? There is a reason you revealed your trade secret in almost every most popular project in this forum. I think it is no other than encourage the left ever market force to concentrate on your preferred projects to ensure the success and profit. You don’t have to do this if the property market still in a good shape.
@Bryan
That’s the point. When we have a team of members confirmed their interest, we use our scale to negotiate with developer for bulk purchase. We got to choose the best units, and sometimes below the market price. There is always risk in every investment, our members are fully aware of that. And there is always opportunity and profit to be make no matter market is good or bad.
@macam-macam
Are you one of the agent for Arte S? Than can you confirm. I heard that the first six floors all reserve for staff and developer’s buddies at RM540/sft.
Now developer want to sell to Penangites at RM670-RM800/sft
Do you really think Penangites are so stupid?
2.5 acres is really small. If you really don’t know how small it is, please visit the site first lor before saying it is normal to have such high density.
Lift fast or slow, the maintenance will still be high because there will be 12 lifts mah and it wil be in used 90% of the time…do some maths and you will figure it out
layout is horrible, like that also you cannot see ar? Usually rooms are squarish and it is easier to place furniture,wardrobes, writing desk and bed. So much space wasted on this layout.
I am just stating the facts. I hope you won’t find it hard to sell after this : )
Staff and developers at RM540/sft and selling to us for RM670-RM800/sft????…..so not buying this project.
Taking us for a scape goat.
@Bryan
This time I agreed with you..hee hee hee.. It is same like pyramid scheme, the “club” need new bloods to continue the game. When everyone become first-hand investor and no sufficient subsale buyers to absorb the oversupplied completed units, it’s time to burst… hee hee hee….
Guys,
If you are interested. Starhill starts from RM500/sft.
Same vicinity and competitively priced.
Your club bulk purchase only to SP Setia projects…..
I may be wrong, but, my guess is, you are either from SP Setia, or you have many members get stuck and start worrying on the investments made, especially on Setia Pinnacle.
Hi, all, be caution. When this happen, it is indicating that the market is really no good.
Actually I am not very sure this guy is having a club. Maybe he is alone. I am more worry if he is really owning a club.
Anyway, this time we have same view.
@Bryan
I don’t own the club, the club is formed based on the shared interest in property investment. As stipulated before, there is always risk in every investment. Being a member of the club, we enjoy the privilege to secure a better unit at a lower price by negotiating with the developer for bulk purchase. Many of our members managed to take handsome profits from the last several years.
@Investor club
Are your current members pool already run out of “bullets” (cash/credit limit all tied up with new projects launched recent 1 year), and now looking for new bloods to continue fuel the ecosystem? Very soon it will run out of steam liao…
OK la…. I am going to stop here. Just, if I am the “Investor Club” member and still making handsome profit, I will actually never border to answer questions from “Bryan”, instead of trying to hard sell the club.
@Bryan
I really hope you understand the whole concept. There is always risk in property investment. But overall, our members did make handsome profits the last few years by working together. When demand has slow, some developers are willing to offer us special package if we managed to secure minimum number of participants. There are money to be make. Bear in mind, don’t be too greedy. A relatively small profit is still a profit.
@heehee
We don’t dictate where our members should put their money. We evaluate each prospect carefully to minimize the risk. When we see the right product, you will be surprised how we managed to leverage our scale to secure the best units with below market price. Developers would work closely with the club to ensure that we always get the best deal because with our support, the property becomes hot.
@Investor club
Ya right, work with developer and become hot because of ur support. No wonder developer kept pushing the price and “those” club member create false “signal” to other buyer.
U know what, this year 2013….I will secure 2 assets if there is “cut loss” bagain sales. Hope those come from ur club member
@david
They cannot sell now before projects get OC, probably most projects on 2014 or 2015. That’s why they need to keep the market rolling now and not collapse before that.
I am not sure abt you guys. I think Nusmetro workmanship is quite poor. Really dissapointed on Oasis… crack walls, ceiling uneven, dim car park, entrance sensor issue. Still Setia, IJM, Mah Sing, BSG have better workmanship… of course the price as well.
@david
You can look at it this way. With or without the investor club, property is always regarded as one of the key investments. Some of the projects even reserved primarily by internal staffs. So far there have not been any fire sales by our member to cut loss. The club members have been enjoying handsome profits since joining our club and start investing in group.
@heehee
The club has been formed since 10 years ago, and we observed that there are more individual investors in the recent years.
My fren jus got an unit there which only cost 800+k only for 1300sqf. Maintainent fees if not mistaken is 300++
@happy
But their friends got it at RM540/sft. So does that mean your friend paid extra for it?
I have a unit at oasis and the workmanship quality is very bad.
Not to mention they have these gangster contractors over there that forces you to use their services.
They collaborated with the developer so there is nothing much you can do about it. Even the guards there is a gangster from the contractors team.
@Investor club
how to join your club? Base on your calm replies, i believe you got the points. people are mature enug to think for themself and not blindly follow whatever info your club provided, after
few tries , people know who you are…….you cant fool them. Then, maybe they reveal the truth….Any unhappy/happy club member wanted to share?
@Investor club
I would like to know more about the club. May I have the contact number?
Don’t buy the project from Nusmetro. They cooperate with Gangster contractor to force you to renovate your units. This already happened at Oasis. Their workmanship is very bad. now, all the Oasis residents are afraid to start their renovation with own contractor.
@Bryan
Sure or not can get bulk discounts from SP projects. I don’t think they need investor clubs to help push their projects. They have a ready group of SP loyal customers to fall back on.
@Marie
How good is this information that developer is selling at 540 psf to employees and associates?
Please ask @Investor club
@Sky
you should be 1st time buyer!!! majority of new projects in penang are engaged with the gangster. i am also one of the victim!!!
I dont feel like home bcoz of the design. Too futuristic.
@zonefinder
Confirm by their own people.
The gangster contractor at oasis was also given a few units at Arte S.
The problems will be the same there.
Their own people was given RM540/sft. Level 1-6 all taken by their own people.
This project not worth buying. Trust me.
after my experience with Oasis.
I am NEVER EVER going to buy another project from nusmestro again!!!
@Jason
can share more? but i saw a lot of defects from Oasis and the quality is out
@Marie
Thanks Marie. I called up the developer and they are taking bookings at pre-launching prices with 20k rebate. Limited units available. The 540psf is probably the lowest unit facing west.
@Jason
Jason, mind sharing your experience on Oasis? The subsale prices now >450 psf..appreciated quite a lot..
By the way, the pre-launching prices are not restricted only to employees or associates, anyone from public can get these. Only thing restricted is the number of units which are pre-selected…I guess they are pushing out the not so good units at lower prices first. Their market strategy.
@zonefinder.
The 1-6 floors are the cheapest entry and it is not meant for the public but all their friends and that includes the current contractor for renovation works at oasis.
For us, the minimum price psft that we are looking at is RM620/sft onwards. About RM800K onwards for a 1250sft in Bukit Gambier.
Trust me, you will never be able to get RM540/sft units. Everything will be above RM620/sft.
Some higher floors are going for RM700 over/sft to RM800 over/sft.
They are trying to follow BSG property group but they don’t understand that they are not BSG. BSG have got holding power and they were selling Raffles Place for RM450/sft for 50% of their units before raising the price further.
From what i head also, they haven’t got their APPL to sell the unit yet. Hence, they can only take deposits and ask a lawyer to hold it for you.
Regardless, of whichever unit you get, the project itself is not great. Like what have been mentioned by many commentators, the land size is way too small to fit 400 over units on it.
not to mention the layout sucks as well.
If it was going for RM650K-RM700K than it is worth considering. Not a price tag of RM800k onwards.
Star Hill is going for RM500/sft onwards and it is 5 mins away. If i were to choose i will go for starhill. Bigger land and better layout and so much cheaper.
@zonefinder
Limited units available? They haven’t even receive APPL to sell and their plan has not been approved yet.
It is just their marketing strategy.
Just like how Ivory would market their projects, they will tell you that they are almost sold out when there are still plenty available.
If you speak to some agents in the market they would know the exact situation of the project.
I don’t think the uptake rate for this project would be good. Except for the 1-6 floors taken up by their own staff and people at RM510-540/sft.
Before you even buy their project, their own staff and people already make RM120K per unit.
I doubt there will be room for appreciation anymore if you were to buy at RM800k.
Honestly ask yourself. Do you think you can sell a 1250sft unit that you bought for RM800K for RM900K?
With RM900k i can buy tg tokong.
Jason, can you share your experience with us?
Can you name me one project that is launch between 2009 and 2010 that haven’t appreciated?
i am happy with the returns but i am just not happy with the quality of the units. They are like low cost apartments.
The only thing good are the facilities.
Just not happy with the finishing and quality and the fact that i have to engage their contractor to do renovation works.
I did call nusmestro up to tell them about the contractor problem but they pretend to sympathize with me but nothing is done about it.
I had to find out later that they are collaborating with the in house contractor to monopolize renovation works.
This kind of practice is really damaging their reputation.
is this faan contractor?
Very nice design, but super over priced condo on small piece of land.
@Jason
Agreed!
If can get unit for 620psf, then worth considering wor. Frankly, the design for Starhill looks dated and cannot compare with Arte…different class..and that’s my honest opinion. I will pay 500 psf for the former but definitely not 600psf.
An investor will have to consider 4-5 years down the road, will potential buyer or tenant look at Arte or Starhill first.
To be frank, we get a mind block when figures like 800k or 900k gets tangled. Mind you when KLCC first hit 1000 psf, everyone started to hoohaa. Prices now hitting 2500 psf!
@Jason
can understand your sentiment especially when you have paid for a luxury apartment but quality like low cost flat. I have same experience with my house here in KL and my developer is IGB/Tan&Tan. One thing I find is masonry and doors can easily be fixed. Important thing is value of the property vs original cost. Mine has appreciated 100% in 7 years so what to complain?
@zonefinder
It is just that i don’t see how Arte S is going to touch a million. It is not even worth RM800K onwards.
The land for Arte S is only 2.5 acres.
StarHills land is easily 8 acres onwards. Density wise also better.
Location also better. Not so near the road.
Size is 1500 sft.
Most importantly Star Hill is residential title. Don’t forget Arte S is SOHO (commercial) Maintenance certainly higher.
Design for Arte S is just artworks. Not practical.
I have been to their private preview hence i know all these informations.
StarHill has a better layout as well.
Price wise Star Hill is so much cheaper per square feet compared to Arte S
If you are a true investor at the end of the day its all about realistic capital appreciation.
Just imagine if all their friends that bought at the price of RM510sft onwards from level 1-6 are obviously speculators that easily profited RM150K. Would you still want to be the idiot to buy at a RM150K premium compared to their entry price?
How much capital appreciation are you looking at? Let’s be honest. For those friends and staffs they have made the money already. If you bought at RM630/sft That is the entry price unit at level 7 near the road. Just imagine if you want a sea view unit you will have to pay RM700/sft onwards-RM800/sft
No one in their right mind would pay so much for Bukit Gambier area especially this location with a land area of 2.5 acres and such a high density.
Besides, they haven’t received APPL yet from selling it. Hence collect cheque and let their lawyers hold.
If it is a good project i would have already participated on the private preview that day.
I am just sharing my insider informations to future investors or people looking to buy to stay to ensure that they just dont simply jump into the wrong bandwagon and get burned.
Doubt in the future there will be much appreciation once they start tightening credit and increasing interest rates.
I just bought oasis at the right time and i believe whoever who bought any properties between 2009-2011 would have made money from all the cheap money floating around and this is coming to an end by 2015.
It is a musical chair and when the music stops everything will follow suit.
Wow, Rich Penangites had started to accept >600psf as reasonable price for properties at this not so prime area already….. We shall see 1000psf at this area within next 5 years. Scary….
AS is quite close to Greenlane and Minden Heights, where many businessmen are staying. Won’t be too surprised those who invested here are actually living nearby. And BSG will be launching their landed property and commercial center across the road in the near future, Traffic will sure increase.
@Marie
Good information. However never say never when one talks about the future as far as property is concerned. In 2005 when Four Seasons in KLCC was first speculated to launch the first 1000 psf condo, everyone was incredulous. Today when the project is finally launched, they are now talking about 3000 psf!
By the way, the 65 storey Hotel cum service apartments are built on 2.6 acre. Of course, location matters and Penang still long way off KLCC but I beg to differ with your opinion on design as this is also a key factor. Compare Dua Residency which has wide spaces, 2 carparks etc and Troika. Both located closed to each other in KLCC. Current mkt for Former is 900psf vs latter 1600psf. Four Seasons is just a stone throw from these 2.
By the way, you mentioned first 6 floors all given to employees and associates. I thought the first 3 floors are carparks ( plus 3 floors below basement)? Frankly I do not see a problem with giving preferential prices to their own people coz many developers do that …even big guys like SP and Mah Sing. At least they are not opening the whole project to their employees, just the first 6 floors ( or is it 3?).
After all, its a good thing that they are looking after their folks. Alternatively, the practice which is much more disgusting is allowing property agents to do block bookings and subsequent release by these people to the market at a profit. Now I will stay away from this developers.
To be honest, I’m keen on this project because of its concept and design. The other 2 “ARTE” projects in KL sold very well. The Kuchai Lama one which was launched a couple of years ago is sold out while the latter at Subang West is 75%.
Anyway, your points are good input. Thanks!
@zonefinder
Penang people like to dump all the money to buy & keep properties…all free cash flow used up to serve housing loans, and do not like shopping like KL people.. the commercial sector cannot grow..forget about it..
@Judah
Not to worry, foreigners and non Penang Kias like me will come over to support the Penang economy! To be honest, many of us like what is happening at your end and want to have a stake. You may not be aware, there are places in the Klang valley ( eg Shah Alam) where Pubs or entertainment centres like cinemas are banned.
@zonefinder
Thanks for sharing your knowledge as well.
However, you are comparing KLCC area to Bukit Gambier. When you compared Dua Residency and Troika that was still a viable comparison. However when you started comparing Arte S at Bukit Gambier with the one in KL and KLCC,from my point of view it is two different things all together.
I would prefer to compare properties around the same area
If you want to compare please compare with Starhill
If Starhill (near it) is going for RM500.sft and has a better layout and land size plus density per acre. Which would you logically choose? Starhill of course regardless of design.
Design itself for Arte S is a failure already. Have you seen how they aligned the swimming pools from an elevated height that goes tumbling down in steps? First thing that came to my mine was isn’t this design not children friendly at all. Not to mention the two ugly looking balls floating above level 30 smth. Structurally it does not even look sound with all the pillars supporting it. Not to mention the two ugly looking balls are made in China.
Thirdly, when i mentioned i did attend its private preview obviously i know exactly how many floors the staffs and friends are given because i am part of that group as well. So please don’t patronize me. It is 6 floors in total that they have allocated for the staffs and friends not inclusive of the car parks.
So speculators are at large. So knowing that we have a head start in terms of pricing over genuine buyers does not scare you at all? A head start of RM120/sft and that translates to RM150,000 doesn’t scare you at all? Are you sure you are not working for nusmestro? You seem to be supportive of them regardless of the fact that they sold it to their own people and friends. I am just guessing you might be one of them. Just a guess from your bias comments. No hard feelings though. Genuine buyers won’t buy if they know that insiders are getting it at RM150K cheaper.
Than we have problems with that FAAN contractor buying up a few units under their friend list at Arte S. So he is going to monopolize the renovations works there just like what he did with Oasis.
Majority of the properties launched a few years ago would have been a good buy.
This is not the case anymore. Credit is tightening. Just imagine if they were to raise interest rates and everything else starts tanking.
I am doing genuine buyers a big favour by giving my unbias remarks towards this project that i truly analyzed carefully at the private preview by them.
Most importantly besides the limited capital appreciation from buying this project (a known fact). Starhill would probably appreciate more per square feet because it is so much cheaper by RM150K. How much rental yield would you be expecting from a 1250 sft unit if you were to buy it for RM850K? Do you think you can ask for RM4.5 to RM5k rental for that area? Only expats can afford this kind of rental and not locals. Oasis is only going for RM1500 a month. SO i rest my case zonefinder.
.
@Marie
Ha! I was wondering when the accusations will start flying.. No, I’m not a Nusmetro man, just a property investor who is trying to see things objectively taking out the emotional factors in my decision making.
I was using Dua Residency and Troika in KLCC to emphasize the design element and its impact on prices between 2 different developments in the same location. Precisely what you are trying to do with Starhill and Arte. Any reasonable person will tell you that there is no comparison.
I can see that you’re helluva pissed that the price offered to the employees were not offered to you ie 510 psf. I would love to get a piece of the action too if possible but that’s besides the point…and the point here is this…if Starhill with its rather staid and apek design is marketed at …say 550 psf ( no idea at this point), can we as investors, realistically expect Arte with its iconic and futuristic design ( assuming it all come to fruition) be priced the same…or lower ..at 510psf?? Ay Sai Boh??
In case one is not aware, Dua Residency looks like a East German apartment beside the Iconic Troika..
@zonefinder
That still doesn’t change all the points about Arte S that i have listed down.
Bukit Gambier ain’t a good location. Design is not going to justify an extra whooping RM150K on the price tag for something sub standard.
If i had to invest based on how pretty a development is than might as well call in my make up artist to decide for me. I am not saying Arte S is even pretty to start with because the swimming is flawed and not to mention that the layout is weird.
I am just trying to warn genuine buyers. . Logic in motion now. I am not saying you are a Nusmestro man but given the fact that you are willing to consider paying for this project at RM150K more than those friends and staffs just defies logic itself. Go figure.
Not to mention you keep on emphasizing on its iconic and futuristic design that seems to be the only sellable point according to you that has not even materialized yet. Assuming it all come to fruition? My kids would probably break a leg swimming in that pool with that design.
@zonefinder
Ah Kor i also think this project not worth buying lor….i read both reasoning…..i think Marie got some good reasons there lor……once sign debt until die….sure can tahan bo brother? if really rich nevermind….if pooor bo pien consider cheaper project….lower risk mah…right bo?
@Marie
Don’t scare people can or not? You think it is too expensive, but many businessmen living nearby like Greenlane and Minden Heights will grab it without hesitation.
@ PG Guy
I don’t think Marie is trying to scare people. She is just sharing what she knows.
I didn’t know insider have RM150K discount until she mention it.
Should thank her for sharing information.
Than it is up to the buyers to decide.
I think Marie is just stating the facts and sharing her info with us.
@Marie
You have my vote. I rather look at other project than this one. Good luck to those buyers.
@Vince
Ah Jek, Si bei ta han. Aun ni kuan, buay ” truck” kua a hor!
Buy buy buy… Please continue buy…. Let use all the money on property! If everyone got 3 to 4 new properties, who else got money to buy sub-sale? Or who else want to buy sub-sale? Seem that all Malaysia like new than old property.
@YesOrNo
If everyone has got 3 to 4 new properties- that going to be very exciting. Aside from that, heard that BLR is coming down soon.
must agree the design carries weight, from its iconic value and so-called futuristic design. But one does not need to buy and stay in there to appreciate these qualities ! As also rightly pointed out, the layout is not practical from inside….. therefore as the saying goes ” good from far ” from outside …. and ” far from good ” from the inside, especially judging from the finishes quality record of Oasis. Count me out!
Count me out as well. Way too expensive and overrated.
Will u buy at their privilege price?
I agree that this project is far over price & rated.
——————————————————————
Below are the supply demand chain on Penang property that cause the property go sky high but still able to sold off very fast just like buying hawker stall food…….
1) Developer sold > 90% of cheaper/ good units to speculators/own people/flippers.
<10% are real buyers for own stay.
2) Once OC obtain, speculators/flippers/own people will try to sell their units to sub sales market to get fast money.
3) Genuine buyer who can't get good units from developers will then get a lot of loans from bank to buy from sub sales markets with at least 15 to 20% more expensive price.
The property price will keep on going up as long as the 3rd group of peoples able to absorb the price & the process flow above able to sustain.
Basically, the developer don't care how much the penangites complain about the property pricing as genuine buyers are not their target customers.
Not to mention about the so call gangster contractor issue.
No one will care except the genuine buyers.
Will Penang property bubbles burst?
Well, to me only when the 3rd group of peoples not able to get loans/pay installments. No one is capable to buy from sub sales/flippers anymore.
Flippers & speculators will burnt their hand then the developers……..
then only Penang property will go down……
But i believe its not there yet…as i can see a lot of peoples with 2 names (husband & wife) still able to get loans to pay 3 to 4K for 40 years to get a medium class condo….
My opinions. There are quite numbers of trade off for those lower floor units to deal with everyday… eg, noise from restaurants opposite, traffic noise from main road if facing i regency, view blocked by low cost flat if facing bukit gambier, and the speakers pointing from surau at plaza ivory. For own stay or even for investment, the appreciation potential will be limited for lower floor units, basically you get what you pay.
Location wise, of course this is not Gurney nor Tg Tokong, but this is not Bayan Baru nor Sg Ara too. Plaza Ivory and I Regency was selling ~300psf just few years back, now is >500psf. You may do own math to decide if ArteS 600-700psf is still good inventment with all the pros and cons. Starhil has own pros and cons too… higher density, 20 units per floor, large land area because of the landed property. And i don’t think this will be selling at 500psf.
If really there is RM150k discount for lower floor for staff, then Nusmetro really is making a huge mistake by thinking the other buyers are all idiots that will buy from them no matter what…
@Marie
I have no arguments over an individual’s taste or preferences. The value one puts on intangibles like Design and Concept is dependent on a host of factors ie Time, environment, level of sophistication, social preferences etc. Its like a lady’s dress, a designer’s couture vs a Ready to wear. The discerning will admire in awe while others may look on in contempt. Some might even say its crazy to pay 10k for a dress..
Like I’ve said, I would love a piece of the 510psf action but since I’m not in that category of beneficiaries, should I disregard this project? Questions on my mind will be…was this given to one or 5 or All? What about the orientation and facing of the unit/s and level. Near the road, afternoon sun, corner unit with its lousy layout? What about quality of the fittings. I understand lower levels have basic or no fittings except for air conds.
Today we hear the head-start is 120k or 150k (against what?). Maybe tomorrow, 200k given to the developer’s uncles and aunties or maybe mistress given one unit for free. So how? Should I get hang up over this? I’m not trying to be flippant but we will be naive to assume that none of this good stuff is going on in other projects except maybe nobody told us about it ( notice that the charts always have good units already booked no matter how early we, the public are in queue?). I do know of some Big developers who give huge discounts to their own kakis and relatives too.
Whether the project is worth 600psf or higher now is for each to do their own math. If one is a flipper and just waiting for short term gains then be ready to be stressed by short term fluctuations. Market may even drop 10/20% tomorrow, no one knows ( I know lots will love this). Medium to long term wise, I’m pretty confident of the pty mkt in Penang.
@zonefinder
I just enjoy hearing your sales pitch. You are trying to hard sell something obviously.
I say let the buyers decide. I believe they are not stupid.
RM150K head start is a lot and you can still find reasons to justify it? Not to mention it is over priced as mentioned by many people on this blog. How much are they paying you for doing this? They should pay you more for the persistency.
Just saying : )
Yeah, LGE should pay me for promoting Penang so much, ha ha! My views were meant to balance some of your remarks which I find overly exaggerating and pushy. I’ve a feeling that someone hates it coz she failed to convert me
The proj is just next to the padang tembak. Very noisy every weekend when they practice shooting morning n afternoon.
Yea, i live around there and you can hear gun shots every weekend. Hopefully no stray bullets. Not interested.
Wonder why the army camp is so huge but they still need a small padang tembak in a residential area.
@zonefinder
I don’t plan to convert you.
Just don’t want you to mislead genuine buyers like me that’s all.
RM150k is a lot of money for poor people like me.
@Marie
just curious, will u buy if u can get discount > 100K ?
@ tony
who wouldn’t right?
RM150K head start is a lot of money for poor people like me.
@Marie
u went to their private preview b4, u should hv way to get it, right?
@Tony
Private preview offers at RM615/sft (starting from lowest available floor unit). If you want a higher floor it goes all the way up to RM700/sft.
Their staffs and friends bought at RM510-RM540/sft.
Those lower floor units will be out of my consideration in future subsales. Yes entry price is cheaper, but that’s the risks embeded in long run for those employees.. oops I mean the purchasers. High floor that the purpose of these tall buildings, to me still worth consider, again depends on individual cash flow as this project has it’s own market segment. Location is quite good to me but buying for own stay makes more sense than buy for investment.
@Marie
This is a forum for folks who are interested and/or passionate about property investments share their views and hopefully learn a bit from each other. If you consider objective views that run counter to your own as being “misleading”, then I have nothing to say. However please don’t claim to represent all ” Genuine Buyers” because I fall into this category as well.
While I have many friends and brethens who are poor, I find it intriguing that there is now a new term called ” poor genuine buyer” .. of luxury condos as well though it does tell me a lot of your motives behind your statements.
This is a very mature debate. Both @Marie and @zonefinder points are valid. Charging higher price but comes with better interior and at higher floor sounds reasonable.
@zonefinder
All of us are “genuine buyers” lah. We pay the deposit with our blood & sweat money…
@Ah Gu
It is very unfair to the lower floor buyers, how come 1 building come with double standard? Lower floor buyers should get the same quality product.
@Speculator Club
That’s the reason the price difference is close to $150k as shared by @Marie. Even Raffles Tower by Boon Siew practices the same strategy. Their stuffs bought empty units at much lower price for 1st tower. 2nd tower comes fully furnished.
@Speculator Club
Agree though there may be a few drug pushers, money launderers and cronies lurking around…
@Ah Gu
To be honest, I have spoken to a few folks connected to this project and they look at me as though I’m stupid when I brought up the famous 510psf no. ( unless it’s a really special friend like a mistress?? :). As for the employees, they are given a special single digit discount but liable to pay this back if they resign within a specified period. Yes, there is a special price given to associates for fixed number of units on lower floors but its much higher than 510psf.
What is the fuss when their staffs are getting much lower price ? Not fair ?
Don’t Buy!!!. You want the same special discount, get employed in their
company. Is “Arte S” the only last project in Penang Island ? Hoping to get
discount with such complaints ?
@zonefinder
You mean @Marie is lying?
@zonefinder
I seriously think Marie speaks the truth.
I spoke to their own staff before they even preview at gurney plaza.
I saw their price list.
RM150K is indeed a huge gap since the pricing for this property is already expensive compared to other properties near by.
I think the points highlighted by Marie is right.
If Arte S is really that good it would have been sold out by now.
I went for Penang world city pre-launch today. Block A sold out. After lunch Block B also was taken 50%…..i decided to leave. I waited since 8 am and i didn’t even have a chance to choose my unit yet. They will be releasing Block C and D soon. I am looking forward to that.
@Ah Gu
Brother, don’t you know that all property investors like golfers, are liars? Ha!ha! just joking. This is what I think the situation is. There are 2 major categories of buyers who have special discounts.
1- Staff – receives a single digit discount over and above a cash rebate of 20k from the pre-launch list price. You can easily verify from the folks who work there but for their sake, I rather not reveal on this forum. However, when I work backwards, the price psf is > 560 for the lowest floor. Plus they have to repay if they quit within specified period.
2- Associates – They have a special block price for specified number of units. I was told the price ( same privacy reasons I will not reveal on forum ) but its more than 540 psf.
As for the famous 510psf, nobody knows except the person who gave and person who received it plus Marie.
I doubt if anyone will intentionally lie on this forum unless he/she is going all out to sabotage ( I don’t think Marie is capable of that…after all , she is but a poor genuine investor). However this episode does demonstrate the danger of over dramatizing ( 150k!!!!) and the need for folks here to not readily accept and always challenge anything that sound unrealistic or beyond the norm.
Again, I’m just another Genuine investor who just want to have proper facts on the table.
@Jeff
Frankly I don’t think anyone is lying here. She is probably just sharing what she learned from someone. Perhaps it will be good if you can be more specific on what you learn from speaking with the staff?
@Truth
Yeah bro, I like the way you said it..short and concise..
@zonefinder
Nevertheless for someone who earns RM5K a month. An extra RM100K is a lot of money just for designs.
After seeing the euphoria at Ivory Sales Office today. I can tell that investors choose their projects more carefully.
In times like these it is safer to buy more practical projects. Location,location and location.
RM750K for a unit of Arte S. I can probably buy other projects at Tanjong Tokong and the location would be better.
I can also choose Penang world city. 1500 sft going for 750K. Part of the waterfront project and its near Queensbay.
@jeff
i was also at the ivory sales office today.
So many people are grabbing it like hot cakes.
@zonefinder
Are you sure you are not selling this project or maybe an agent? I read through all the comments and i find yours a bit fishy. Siding towards the developer. Defending it at all course.
The fact you mentioned you are a genuine investor a few times to justify your arguments.
Whatever the comments that are given by Marie.
I believe its meant to let us potential investors know the pros and cons of this project.
Honestly, i wouldn’t know so much about this project if it weren’t for Marie’s detailed explanation.
Before this i have already find this project expensive for Bukit Gambier area but i am still interested in it but after finding out so much about all these dirty practices by the developer and after hearing so many stories from Oasis owners. I decided not to invest in Arte S.
@Vincent
I think I’m better off not commenting on this project anymore. Got better things to do lah. First I’m being accused of being paid off by developer, next I’m selling and maybe an agent. I’m probably going to be the Developer himself next?? Man, I love this forum..
@MadMadPrice But if u compare with Raffles Tower by Boon Siew Group which is selling 850psf this Arte S is better price. And now the pre launch we can save with the upfront discount. Worth for investment. Now price selling for pre launch is 650psf-750psf. After launching can save at least 10%-15%.
@Why so serious
Just to share, actually yes. Arte S is an Arte Series which is firstly build in Subang West & Kuchai Lama. And this is the third Arte build in Penang. With spectacular design and yes it is full with arts. And its already proven by the successful selling for The Oasis & The Pulse. And yet, this Arte is coming with free 2 carpark and with free 4units of air-cond and some other special specs for higher floor. Normally for this kind of super condo with private lift thr will have like 3000sq ft and above which is highly too huge for some small family who wish to have one but because its huge but this Arte with medium size in luxury super condo style, small family can enjoy. Upfront cash rebates 50,000 and also the balcony size is more than 120sft above on every unit but developer standardized to calculated fixed at 70sft so its more valued for money with DIBS its totally good for invest.
As wht I remember, Raffles Tower start launch at 400psf last 1 year ago and now its become double.
Inquiry pls email to me: yin1265@gmail.com
When will this project launch? I thoguht it will be launch today?
Hard selling at property forum, the sales must be very bad.
the building looks nice but not sure the area is good or not…..
@cherylcy
yes…the launching start today. Show house ready to be view. we will be launch today until sunday. As what i see 30%-35% sold with deposit paid.
@topenang
If u ask about the area of Bukit Gambier, my personal view already start to booming. Boon Siew is there with Raffles Tower & Starhill by Aroma. And completed project like Oasis & Pulse selling very active in secondary market. Most important, Location!Location!Location!
@yin
do you know how much for soho block B ( above 40 floors )
TOTALLY agree with you. Location is ok but the design layout plan semi-circle like that creating significant dead space!
LIKE!
What is so great about the design, it is not practical at all. A lot of complains on Oasis quality and subsale of any property is everywhere. Rm650-750 psf is overpriced for this region. Not to mention the constant gunshots noise just next to it. That piece of land is just too small to build 2 blocks and the whole thing will look ugly with such high condo. Developer just want to reap max profit out of buyers.
I guess no one commented on this proj for last 2 weeks so it is time to create publicity. People are talking about Pwc these days. CNY is almost over so hurry up with the hard selling.
This project is not worth buying. First 6 floors all speculators, friends and buddies.
Small piece of land and density is high (2.5 acres 400 over units)
Design takes up a lot of space. So what you are really paying for usable space is only for 1000sft. So, RM800K for 1000sft? Going to have a hard time selling it once completed and rental yield is going to be pathetic.
Office or SOHO should be located at next to successful shopping malls for the convenient of the owners or tenants. This location is not really that great.
yin..cant compare this with raffles…one reknown developer vs a not so reputation developer :P..with ~700 psft…PWC way better…it’s a huge project
Raffles Tower A only selling at 500psf for empty units, all taken by staffs. 700psf for Tower B is fully furnished with move in condition. Arte-s also move in condition?
@yin
Are you an sale agent from Nusmetro?
Just check with you, is the same SRE contractor will be appointed to ARTE S like the Oasis.
Just pity me need to give all reno jobs with sky high price to them. I will be threaten not to use own contractor.
@Pity old man
I believe Yin not direct from Nusmetro, because I never heard Yin before..
I just pass by only…
Arte s have cash rebate ???
yin is fro, nusmestro. Might be a fake name but the peron behind that name is certainly hard selling arte S.
Bad location and overpriced.
even with the cash rebate the price you are paying for is uch higher. Just a marketing strategy. Increase list price and give rebate. At the end of the day it is actually much higher than the previous price.
Avoid this project.
wondering if the actual design will be the same as planned. interesting….
Anybody can provide me the details of this developer?
Heard that some ppl paid RM20k for booking?
Is it the premium paid?
Not sure, but get this info from the net.@islander
I M also get his information fr this forum.@Tom
Please think twice about this project and ask any buyers from Oasis. Gangsters contractor is threatening them for renovation.
@ Nusmetro
You are right. I am the Oasis unit owner. These gangster came to threaten & scare your own contractor to stop the renovation jobs if you not awarded to them. These gangster from SRE which is appointed by Nusmetro & station at P2 car park & block A level 2. Not like other giant developer in penang, you just need to buy sand & cement from them. Then, you can proceed the renovation jobs without any problem. So, need to think “double” twice about this project. So far, all Nusmetro projects had assigned to Gangster contractor to force you all to do the renovation jobs with very high price of the services.
Just wonder still have Penang folks to buy their project. If you do not believe my words, you all can go to ask all of the Oasis owners.
@ Nusmetro & Oasis owner
Heard some of the residents already made a complaint to YB Wong. But, he let the owners direct to settle with Nusmetro boss before take a action. You can direct contact to YB if you really threaten by the gangster contractor. Hope this info will help you…
Sure can. but, who dare to do this. All of residents kai see.. They are gangster. Have around more than 11 guys there..they are from 2 contractor company which appointed by Nusmetro….
I also agree that some people are more “Kia Si”, not united…..but there some outside which is the opposite. A very good example: Central park at Batu Lancang, they all united & dare to log police report together. The police held a press conference & come out in the newspaper as well. Police also capture the “Tai lou” & no gangster dare to enter the site anymore.
Resident can ask any of their favorite contractor to do the renovations.
So now
IS THE RESIDENT OF OASIS DARE ENOUGH, UNITED ENOUGH, GOT GUTS TO LOG POLICE REPORT TOGETHER???????? OR CHOOSE TO CONTINUE BECOME ‘KIA SI’ & BEING “SLAUGHTER” BY THEM WITH BAD QUALITY WORKMANSHIP,OUTPUT.
Hahaha! Triple Like!!!
Very sad to hear that this can happen in Penang. Luckily, i read this blog.
If not, i will face the same problem when buy the ARTE S. .huh…
No wonder lah when the ejen bring me to view the Oasis sale unit.
Almost of the units are not yet start the renovation. i felt very strange since the key already took on end of last year.
The current gangster contractor in oasis is d one that got kicked out from central park after the police case…
All of us should united and dare to file a police report. No one can help us except OURSELVES!!!!!!!
Just boycott their projects. I am an affected oasis owner i will never ever buy their project again!!
I m oso one of d victim who so disappointed with the in house contractor..
Just boycotting will not be enough as there will be others (ignorant or otherwise) who will still buy their properties. Only effective if each of the affected parties file a police report on the contractor and developer. One or 2, nobody is going to notice. Get 20-30 and the authorities will sit up. Submit this also to city hall to let them take note as they are the party approving the development plan for projects. If developer is highlighted often enough, city hall will have to take note either to warn them or call a meeting with affected parties to resolve.
Hi does anyone know whether sPA’s have been signed for this project?
they havent got their AP & DL approved. How to sign?
They have big problems! Their developer license might be striped of in Penang…
Did they violate or breach building laws?
@zonefinder
I have a unit in Oasis in Block C and I don’t understand the discussion on using only SRE for your renovation. I am currently renovating my unit by using my own contractor. My contractor only has to buy cement & bricks from SRE. I checked with my contractor and he says that the cement price from SRE follows standard pricing.
Since you already agreed on the renovation price charge and using his service, what for your contractor making more noise? He still need to work there for couple of weeks. Better keep his mouth shut…
@Setia Green
Yeah, so if other contractors can be used and cement/bricks are sold at standard prices by SRE, what is all the fuss about people getting killed and threatened by these so called gangster contractor? Perhaps this was practice a few years ago when Penang still ulu and gangsters have their own territory but different now ( too much business even gangsters also cannot handle??)…or am I talking nonsense?
@zonefinder
freedom to choose is the basic human right in a democracy country. Why have to restrict residents to buy materials from the appointed SRE? What if residents don’t like the SRE material price or quality and refuse to buy? Who is the law maker there that created this “rules”? Yes, you sound like talking nonsense.
zonefinder works for the developer that’s why.
@Setia Green
Aiyah, no need to get all hot. I find it interesting too that developer can restrict on usage of SRE as supplier. I will avoid this developer too if thats the case.
What I have learned from my experience and friends is that the buyers of those housing/condo projects under the big players like IJM,Setia,Mah Sing,Ivory & etc do not face this scourge of maltreatment as currently debated.A good example is the newly completed 10 Island Resort,Batu ferringhi,few residents there claim not to have seen such abuse by the developer,as long as renovation of their units is concerned.
Yes,the developers can lay down the stringent guidelines and enforce them with rigor,but they just can not restrict the owners’ right to choose the IDs/contractors of their own choices.The state goverment should put a stop to this loathsome & noxious malpractice.
Besides,its important to buy house/condo from a big players,if possible!
Correct me if I am ignorant in this.
I found that Marie kept on promoting Starhills and zonefinder kept on promoting Arte S. I doubt this is just a clash between agents trying to sell their project. How truth is the discount to staff and I saw Marie never reply on this question and I wonder why we focus on the staff discount rather than the potential of the capital appreciation. It is a norm for higher floor to be costlier than the lower one and why people kept on arguing when they bought higher floor the price psf also higher,I highly doubt those with proclaim investor doesn’t know this simple logic. Best of all is people kept on accusing one another as agent or developer staff,it seems hilarious when all they did is just defending their opinion. How about listing pros and cons of the project will be more productive in helping us make decision on this project. Not to cancel others’s opinion or accuse one another but list down pro and cons pls.
Does speak a lot about the maturity of some of the so called investors on the forum.