Ideal Haus @ One Residence
Ideal Haus, the latest addition to One Residence project in Sungai Ara by Ideal Property Development Sdn. Bhd. This non-gated freehold development comprises 117 garden terraces that incorporates spaciousness, flexibility and modern simplicity for a sheer living comfort.
Location : One Residence, Sungai Ara, Penang
Property Type : single & 2-storey Terrace
Land Tenure : Freehold
Land Area: 22′ x 70′ onwards
Built-up Area: 2,282 sq.ft. onwards
Total Units: 58 (2-storey terrace), 59 (1-storey terrace)
Indicative Price: RM 958,000 onwards (2-storey terrace)
Developer : Ideal Property
Location Map:
Look nice, good for those who wanted individual title.
but hey….why buy UN-BUILD wait another 2 YEARS where u can get ready stocks with similar price? somemore G&G with facilities. No need to wory other Kg ppl come use the playground.
Difference market. Some people just don’t like strata title and pay monthly maintenance, and cannot do this and that.
@Bryan
Those single storey are compensation to the land owner.
I know, and the DST is open for sales. Only a few units left as per my last check yesterday. All left over units facing South West.
@Bryan
You’re right. Why must pay monthly maintenance ? G&G with facilities are
developers hidden issues such as the area concern is not safe,not friendly
environments, remote areas and eyes sore surroundings.
I know a few millionaires and one of them with assets more than a hundred
million and earning millions yearly,he doesn’t stays in a G&G residence area.
@J & J
The argument between G&G and non G&G will never end like the argument between leasehold and freehold. For me, there are likes and dislikes for both concept.
Not sure can be consider as Pro or not?
In individual title it more freedom, no need house rules.
Good for rich people.
u can renovate gila-gila outside (as long as MPPP approved). Uniformity is not your concern.
U can rent out easily to even foreign workers as can be seen in Zan Villa semi-D.
any early bird package?
How many units still available for the 22×70? RM958k?
I think the 958k is after bumi discount. If non bumi, close to 1M. Crazy expensive.
need your consider if the developer can’t finish the project on time….your interest is running….I think this developer is “famous”
for all the issues…
So fast sold out d. Buyers nowadays really crazy. How many units are allocated to compensate koperasi?
almost 1 m house also sold out so fast, really rich pp a lot.
the land not stable….will sink….house crack….
buy still better then not buying
@haoshio
Dude, why keep cursing other people houses? Why so evil?
@PG Guy
Its because he cannot afford to buy one..
Anyone looking for loan? Pls email angieoh@yahoo.com
not really sold out…units are being blocked by certain ppl, provided that you do enough research…perhaps will release to you again at the later stage with higher price… take note that you need to pay MOT for around 27k, and also pay interest during construction….1m may be too expensive for now, Why?search around the 2nd hand property in that area, you can get cheaper and bigger…of course, you need to allocate something like 100-150k for renovation…again, nowadays those 2nd units’ price in that area may look high on paper, but in actual fact there is no a lot of real transactions, you can still bargain for cheaper price…good luck!
Not rich ppl but daring crazy ppl alot.
I dun think they are crazy… just plain worried that if they do not buy now, it will be evn more expensive later….. those who bought 1 -2 years ago are giving themselves a pat on the back as their houses have now appreciated considerably in value,,, so the same goes with these ppl… in 1 -2 years time they will be glad that they did not put off buying now…..
Anyway everything including our daily requirements are increasing in prices by the day so makes no sense in keeping cash in bank as the money is shrinking….. those who think they can buy houses later at a cheaper price will see that their purchasing power is diminishing by the hour….. fighting a losing battle with inflation….
@investor
Walau eh…no DIBS? no free MOT? Die man…I Think by the time you get the house 100K gone liao for nothing…
Just walk across the road, SP Setia gave 0% until VP and also absorb MOT…maybe is because they are biggest and no. 1 developer in Malaysia.
Are you really from zpenang? You dont even understand what his nick stands for. What a pity.
So you pity me that i pity haoshio by giving the dude a lecture? what i pity.
SP Setia has double storey landed just launched across the street? I think they are very stingy by giving the buyers smaller land area, not many people prefer 3 storey anyway.
looking at the TOTAL COST OF OWNERSHIP PRICING which hover around RM1M, the situation have help the current owners of Sathu, & Dua smiling broadly because their value have increase too. their std unit is bigger too, 22*75!
True. If Ideal Haus is not guarded together with the SST, it is a great project.
Btw, SP Setia give free MOT? Maybe I am out dated but never heard got any project free MOT one.
Sp setia has new dst landed just launched? What’s the project name, the price and where’s the sales office?
i think this discussion is getting more drifted.
this project can buy bcox of:
this project cannot buy of:
??
The fact is that Double storey terrace will be a legacy on this booming side of the island.
Even Balik Pulau also building more Three storey type.
ANother question, whether is worth to buy and worth taking risk with this developer? In 2 years many things may happen. Are we so desperate?
@HAUS SIAU
Upgrade to landed property are the ultimate goal for many. That’s why demand for landed property is always high. If you can afford, better do it now than later.
@HAUS SIAU
You prefer 3ST than DST event with the almost the same built-up? Do you have any experience to live in a 3ST, which you are holding part of the responsibility to maintain it?
With the landed price climb higher, and ppl afford it will also be higher and higher age, I think the future trend will go back to DST. By that time, 3ST will be less appreciated.
you all never plan to have kid? the 3rd story is for your kid. you get old your kid get young.
How many kids you plan to have? And you enjoy the moment trying to catch your kids for dinner or bath, but they all hiding at top floor? And when they fight, you rush to top floor to stop them?
i’ve been staying in double storey for more than 2 decades and in recent years move to a 3.5storey… i found out that staying in DS or 3S have their own advantages and disadvantages… like in 3S, your living hall is much cooler comparing to DS as your extra storey serve as cooling medium for the lower floor…
also in in 3T, i can have a sky garden on top which you will enjoy totally different living experience which DS never able to provide… also, i’m enjoying swimming in my small sky pool during night time…
But… 3S need more house-keeping and its quite tiring if you don’t have maids….
@sg pinang
the way u describe sounds like u r now living in a bungalow hahaha
Even bungalow nowadays don’t have skypool la. At which part of penang mind sharing your 3.5storey?
The Setia Greens ppl especially those who bought Cordia will surely be looking forward to their outdoor shower and also own private garden……so lucky ppl
oops… rooftop garden…. so nice
yes… i didn’t mean it’s penang….
OK. Now I understand. Your so called skypool is from toy r us.
Thus I say sour grapes again…. why talk bad about others when you cannot afford a landed property…..work harder my friend or should I say work smarter?
@Penang Homes
You bought Setia Green or Ideal Haus?
Neither… I am just an observer….. too busy running my father’s rubber estates in BM and Penanti
@Penang Homes
Useless, talk like crow!
@Bryan
Hello, “Bryan”, can you use other name?
Just to highlight to other that the Bryan at #45 is not me. I will not responsible for the statement he made.
Looks like you are very good at talking people down… I hope your kids learn from you… that is if you even manage to have a spouse and kids at all…
Your father’s rubber estate so “ulu” got wifi or mobile network not? so free can chat in property blogs while tapping rubber tree, but “no time” to invest…haha
This is the true Bryan here. Actually, if you running your farther estate, you should able to understand how a listed and non-listed company work. And if you observed enough, there is also many quality issues from many listed branded developer.
I am working in a quality department of a listed branded MNC, of course, not in property field.
OK. Like the way you dreamt about sky pool and sky garden of Cordia. Quality sucks though.
U know wat ?!
All this is love & hate relationship.
Majority of people just love NEW properties…..THEY END UP be at the mercy of developers (even though they keep cursing them).
DIBS, free carpark, a/c etc….are actually YOUR OWN BLOOD SWEAT MONEY PREPAID!
Frankly if I were developers sales personnel (which I believed some are here to spice things up to the some DESPERATE buyers here) I would be smiling broadly. Save their energy to sales talk, u guys did a great job to help them buy NEW CARS AND HOUSES.
Really…. Sg Ara areas have no more houses/condo to buy? Are all these subsales properties inhuman to stay?
Somemore for NEW, u have to pray hard for 2~3 YEARS make sure their project complete, the company still in business, no more recession etc.
There is nothing wrong to buy new properties but be clear what are you are sign up. If u hv done ur homeworks n these RISKS are worth it, just get it.
Common sense please!
Yeah… fight.. fight…. all worked up eh…
I passby the area, seem like show house is completing soon
The show house will be ready on 3rd day of Chinese New Year
@PN
Meaning the show house will be open on 12 Feb? I not receive any SMS on this…
I register with Ideal prevoiusly
Show house open. Just in time for CNY.
It is seem like very expensive.
Visited the show house (Type 22) yesterday. It is just an empty show house where the renovation is not done yet. The overall layout look nice.
Main different compared to TR type 22:
1. Additional a study area at the ground floor. I think most ppl will make it a room then. But to make this happened, Haus is done without a wet kitchen. If you use the yard as wet kitchen, there will be no room for dry yard.
2. 2nd and 3rd room are long & narrow, and short & wide. Both are actually same size with TR. Probably this allowed you to have different design for both room, but you also need a little bit more creative with these room dimension. By the way, the door location is better than TR.
3. Family hall look a bit small, but in actual, it is almost the same with TR. This may be caused by too many corners blocking your vision. Good thing is the air well do make the hall a bit brighter while the air well of TR is still in question.
4. Not able to measure the area of master room due to the shape, more corners and insufficient dimensions provided. But very sure it is smaller than TR. There are less space for the changing area.
5. The balcony is bigger with full glass, looked more classy. The entrance to the balcony is using a push out door (glass) with window, while TR is using a sliding door. Not sure which one more practical, but a push out door could be more silent and mosquito net only required on the window, not the whole sliding door.
6. The south-west and north-east facing is not as perfect as TR, but not too bad also.
7. Non G&G, this is subjective to personal preference. But same garden with the single story terrace is a concern. On the other hand, this is individual title and you are free to do your own renovation with the approval from the local authorities. The bad side is every owner may have their own design, worst if someone do a major renovation with the bad outlook.
8. Price wise, it is consider expensive as not facilities for this project. The owners do not own the playground, recreation park, roads and so on. No need to pay maintenance fee.
Will visit again once their renovation done.
not show house, just show unit. I went there on 12 Feb, my observation:
– The house with 22×70 looks spacious
– The car porch is good too.
– Kitchen will be a headache part, hard to design
– 2 guest rooms upstair looks ok, one of it the design is weird.
– The show unit workmanship is very poor. Hopefully the developer will work it out and do better job.
The row of plot no 31 to 42 up the price from 958k to 978k. At first, i was told that row is fully booked, the agent called me and say got one unit available now but the price is up 20k. I think this is their developer tactic…. keep those good unit and try to sell those normal one… Once the normal one sold out, release the good unit and up the price…
@PW
22X70 is the smallest unit in the whole 1R projects. And the car porch is cement with decoration, not tile. Kitchen should be straight forward, and not dry yard will be a problem to me. the 2 bed rooms upstairs, yes, I prefer TR type.
Which part of the workmanship is very poor? I did not really look in detail for this part.
So, now the minimum price is 978K for the smallest unit? I did not walk into the unit with their sales.
Went to see it yesterday. Yes, the workmanship is poor, even worst then TR. The stair case and switch is low quality and the painting is on the switches too. You can also check on the doors and windows see it is acceptable or not. I think workmanship is classify as cincai standard.
Yes, i agree with with D.MAN. The wall is not flat and most of the switches got some gaps between the wall. A few placed got leaking…
The pricing like below:
SW Front row – 998k
NE Facing DT – 978k
NE facing single storey – 958k
SW facing DT – 958k
TR of course better, it was only like 768k and no interest unitl completion.
@PW
768k? Was that the launch price…? The bumi released units are priced at around 938k right??
Is it good to invest at Ideal Haus while Heng Gee (primary or secondary school)is coming to this area?
Children education is one of the top priorities for many parents. Good school nearby is definitely a plus. It is for own benefits, not sure about investment as the price is quite high now.
I think no different since launching time, right?
TR bumi lots already selling at minimum 938K.
Haha! Still lack of RM50M to built the school. Taking the example of Jit Sin branch, gov ask them to raise their own fund. So, residence at this areas may need to donate some amount yearly to ensure the school can be built in near future…..
Today’s price always high. Only yesterday price was low. Future price? Let’s see.
On the show unit, the guest room has no access to bathroom, from inside the room. Not a big deal to some people, but quite to me. The master bedroom look smaller than TR type 22, due to protruding bathroom. Family room looks smaller also. Overall, I think TR better.. For Haus potential buyer, if you suddenly see any unit being relesed on TR booking board, better grab.
That is the main reason I so hesitate and reluctant to have one unit here. You do not feel the aura of 1million ringgit house!
Haha! Actually I planed to seal the door from guess room to TR. 2 doors will make the bathroom so narrow. And, every time you use the bathroom, need to lock and unlock both doors. After some time, you will permanently lock 1 door and only use another 1. Just my experience.
Family room is the same. I calculate on paper liao.
Haus buyer should be from different market segment than TR. Strata Vs Individual title.
Have you ever check for TR and make comparison? I really never focus on the wall because will hack and con-seal the wiring and piping, apply wall paper or do skim coating. I may also change all the switches.
The family room looks smaller (although on paper same size), since bengkok bengkok a bit. The door to the guest room, is quite a must for me la… my parents request it (when they come to visit). You could use sliding door, or foldable door to save space….. just in case you want to keep it.
Still happy I booked TR Type 22.
I am working in Singapore and now back to Penang for CNY…is it safe to buy from this developer vs. the old bad stories that I heard before? Thanks
Should be OK. This project, they are joint venture with Tunas Muda. But like the comments above, it is not like an 1M house.
Ideal just released more info on the commercial property in Vision Park. There will be a smallish mall with 70-80 F&B and retail for rent. I think they try to emulate e-Gate. Together with Setia Tri-Angle, I think the residence here will have more choices near-by for food.
Just would like to share my experience of purchasing a unit in dua villas with your guys.
I bought dua villas 2.5 years ago and it was around $695k. That time my relatives and friends were saying ” wah so expensive, sungai ara house also need 700k. ” luckily I trust myself.
Regarding to the developer, yes it is not like sp setia or mah sing those big developer but yet I think Ideal is getting better now. I guess this is because the developer make a lot of profit. Although currently one residence has some sinking issue, these has been start fixing and the boss Datuk Alex ooi has personally visited the site and promised will do to our sastifactory. Currently the maintenance waived and we will receive addition guarantee to our property. He also promised to raise the boundary wall for safety purposes. So things look good here and this is the beauty of having a good strong community and neighbors in gated and guarded community.
Well whether it is worth it to buy one residence at $950k now? I am not sure. But based on the current property price in Penang I think t is worth to buy in long run. Look, bayan mutiara selling 1300sq condo for nearly $800-900k. Ideal regency 1260sq selling for $600k, summer place 1450 selling for $600k, light linear 1250sq selling for $800k. These all are condos. Due to limitation of land, landed properties are always have demand .
I think at the end of day if you plan to have kids then of course landed is better.These are just my two cents opinions .
For the benefit of this sharing forum…I think buyer should add another rm50k for the 2 years interest…or you think the 2 years interest is more than rm50k if based on 90% of loan (rm958k type)? So the total price is rm958k + 2 years interest? Correct me if this calculation is wrong.thanks!!!
@Steve
I think 1R is the hottest landed property with great prices. Anyway, I’ve nightmarish experienced with landed property security even if G&G. Preferable condos anyway.
@Ideal
I think there are always pros and cons. I agree that condos are safer that landed generally. But I think with gated and guarded it would be better. The point that I am trying to make here is looking at the current market price of condo which is around $550-600 psf, it is definitely overpriced. I believe that if there is any economy downturn, investors would sell their condos first rather than landed property. I recently meet my best friend and he was so reluctant to sell his double storey terrace in greenlane . The reason why he has to sell is because he bought central park and he was trying to sell this condos for the last 4 months. No one is interested, so he has to leave his terrace and stay in central park. He managed to sell his double story terrace within 3 weeks.
@Steve
Yes, so much flipper in Penang but they don’t know sub sale market is slowing down. Even i don’t like Ideal property, but i do think 1R is worth it in long term but not so for Ideal condos etc. EV, OI, IVP.
Any unit available?
Anyone knows if the single story will be built by Ideal or Koperasi Tunas Muda?The concern is if single story is built by KTM, that may delay the OC as buyers still hv to wait for all of the single units are complete.
By Ideal.
Single storey is to compensate Koperasi Tunas Muda members, don’t think we can buy that. Probably the double storey only left corner units by now, same as TR. Ideal should consider giving some perks for their corner units to help the sales.
am new penang properties, thinking of booking an unit here. saw the show unit, though not very impressive, it looked okay at quick glance. is it really good to invest in here as it is not G&G and it will share the compound with single storey houses?
I would buy TR if price at 1M. The remaining unit for IH is facing SST. Imagine they dry clothes on the gate, super nice view. I saw a few SST those *compensate type* have this problem. Imagine again:
1) Their painting color different than yours. Green,Orange…
2) Installed Zinc roof *low cost type* to cover the cars
3) Stall in front of the house, maybe.
4) Weird, ugly extension
5) Male not wearing tops, also maybe.
Despite all that, here the pros:
1) You can have ur own unique design. Can design looks like a castle.
2) Can do unique extension, etc
3) People easy to come visit and small school bus can stop in front of house
4) No Maintenance Fee.
yea.. that’s right.
I called Ideal just now. all units except corner units (>1.xM) are sold out..
They said 1.5M for corner unit for IH. Bayan Mutiara superlink = 1.5M too? I know P.Tikus behind onestop landed is ~1.5M for corner and semi-d. The land area is bigger and longer and can park 4 cars. With 1.5M you already can buy many project. Why not buy 1M to 1.2M house and throw 300K on majestic renovation.
1.5M better get 3 Storey Semi-D Setia Green.
I don’t really like Setia Green location, though.
I used to stay near to Setia Green location, my fair comment is sometimes when you are about to come out and stuck at the traffic jam at the T juction there, you will cry I tell you, as the traffic there is so bad especially during peak hours and there is no way to U turn. Personally I feel that Haus’ location is better, but I agreed Haus is a bit expensive.
Check this Out:
Setia Green Semi-D
Land Size: 32 x 78 (2,496 sf)
Built-Up: 3,136 sf
IH Corner Units
Land Size: 35 x 70 (2,450 sf)
Built-Up: 3,329 sf
I think Setia Green still disadvantage with extra 46 sf land but less 190sf in built up. The most important one is, Setia Green 3 storey la. Double story better.
Of course, IH lose out if compare the developer.
I think the corner unit will be mostly become kinder garden because the other phases of 1R is G&G, more difficult to setup those business.
I also stay there before, the 2 1/2 storey terrace on the hill. Traffic no need to mention anymore. It caused me to avoid property at Sg Ara and Relau area. It really take me a long time to forget about the traffic nightmare and return to Sg Ara again, but only 1R and SPI area, with the new access road.
What ever worst is the 2 1/2 storey. The staircase caused many part of the house wasted because ppl lazy to go to those areas which need to climb a lot of stairs…..
So, if for me, the roof top of Setia Green will leave un-touch during the daily routine.
@D.MAN
No maintenance fees not really a good thing. The residence need to gather their own people to decide the security in future. For 1st or 2nd years, usually low density so hard to gather people. Even when more residence come in some want to pay, some not…. it would be messy. That’s the problem on not enforce on maintenance fees. My existing housing area also facing this problem. Some people just “feel”/think” that other already paid for security and they try not to pay.
By the way, anyone know whether this piece of One Residence land whether is a Termite land. nightmare of Termite…
Hi, any buyer purchased plot 31 to 42 that would like to release? If yes, would like to contact you.
My friend just told me that he has confirmed to buy. Sounds like a good buy for long term.
Hi Steve, am curious on Alex Ooi promises you mentioned? juz pass by 1R recently, didn’t see any raise of boundary walls, even for the new TR in development, the boundary wall building in progress seems same same height as Sathu/Dua… if really to raise the height, why not start doing it now? Is there any break-in cases for Dua (since there’s some reported on reno material stolen in Sathu) ? mind to share?
@cm
Hi cm,
We just had a meeting with Alex on Chinese new year eve, so I guess most people don’t work during cny, to be fair should give them at least 1 or 2 months to fix all these up.
I actually live in Australia and only come back for cny and few times a year. So I am not sure whether there is any break-in cases. so far I haven’t heard anything abouth break in during the meeting. I guess it just look nicer and more grand to have slightly higher wall and of course just for better security.
Well it also depends on the residents, I think because we all voice out and corporate, that’s way the boss has to come in personally to meet us. As usual, if you don’t ask you don’t get. We have even start looking for jmb or property management company to take over from ideal once every is ok.
Will there be any complimentary air conds given as Dua Villas?
I just booked a unit of ideal haus…not sure is a good buy?
Mind to share….
Btw is the whole area of ideal haus being fenced????? Can we request ideal to build same type of wall as Sathu and Dua Villas and Tree Residence?
This significant increase the security and price of project….
Btw…..do you guy have any ideas…..normally who are the ppl taking the Sunway Tunas Muda koperasi lot??? Are they open for public if the unit are not sold?
I think one very important thing is buyers need to consider if the developer can finish the project? If anything happens to the project, is there any protection to the buyers as this project is expensive. Buyers like us can’t afford to have any mistake in this project, there have been stories about projects which were not able to complete and buyers suffered. The same thing also, nowadays developers are too greedy and wanted to build as many houses/condos as possible, what if market crashes and developers have cash flow issue?
And for Haus, it is a progressive releasing money from bank to developer, is this pool of money being protected when bank released to developer? Which is whether developer can only use this pool of money for Haus but not to fund for other condo projects just in case there is no demand in other condos project. Appreciate for the sharing if anyone has the info pertaining to the money that released by the bank.
Security wise, everywhere is the same in this island, just make sure that you have things such as alarm system, camera etc.
@anthony
Hi Anthony
I personally don’t think that ideal will fence the compound as this would require a resubmission of building and construction plan and land subdivision plan to the council. No harm to ask ideal .
I think if you buy for your own stay , it should be good for long run.
@Sg Ara
Hi sg ara
Based on my understanding, all banks in the world will only release money once the developer has done the job. Thus before the bank release the money, the Bank will send people over to the construction site and make sure the job has done properly.
Back in the old days , yes there are ” nasty” developers that don’t do the right thing. But not so much now .
@anthony
Which lot u buy ?..
Any idea for Sathu,, Dua Villa, Tree R, and Haus, whether is Ideal buys the land from Koperasi or it is a joint venture? Thanks
chuan
lot 50
@Haus Siow
It is joint venture. TM provide land, Ideal develop it. Apart from hand over some single storey terrace/ bungalow units to TM (for TM members), not sure how they distribute the profit.
Just found out there is Solaria Suits besides Fiera Vista. What is that actually? I tot it should be commercial?
Bryan thanks! Well, this is another legalized question, since this involved TM, if the profit distribution is not able to reach a consensus, that may drag the OC, and there is no interest coverage for Haus.
So anyone has an idea whether the OC was dragged for Sathu? Dua Villa? and TR? And what about the land ownership for Sathu? Dua Villa? and TR? This type of info is crucial….
I just hope that this sharing can benefit all of the buyers.
@Sg Ara
You also first time invest in property? If I am not mistaken, progressive release means the bank will release the progressive payment according to the construction progress. If the construction stop, the payment will stop. I think same for any project.
I thought buyers already moved in to Sathu and Dua Villa? No?
I have invested some houses…I am asking for the info of the collaboration’s details…some past records of the completed projects…
@Sg Ara
I think if I am TM or Ideal, the profit sharing portion should have already fixed during the contract signing.
For 1,2,3 resident, because of G&G, the land is owned by the community respectively. Not hearing any delay for 1 & 2. 3 VP should be Jul/ Jun time frame. It is 3 years for strata projects.
Cool! Bryan.
True or not the land is not stable, will sink … ????
When this project will obtain OC ?..
@PW I buy unit 34, if interested , call 0124712261
Do you know the MOT is to be paid upon signing the S&P or upon completion of the project? The bank told me it is upon completing the project but IDEAL said upon signing the S&P. Not sure which is correct. Any advice?
I asked the salesman before, and he told me that you have to pay MOT after you sign snp.
Something wrong somewhere. If the property haven’t been built, how to transfer the title? Is MOT for land title only?
I actually don’t really understand this stuff yet (MOT la, and all). But my salesman told me that, some other Ideal Haus salesmans ‘failed’ to mention this to prospect buyers.
I’m not buying Haus, I think same like Bryan (ke you also sapu Haus Bryan?..hehe..). So those who has booked, better get the info straight from your salesman.
This one non DIBS as well right?
No DIBS.
I wonder why the bank told me it should be after the house is completed & that makes more sense.
Brian, MOT should be for both land & building is it?
@kotun
@LV
Get this from somewhere…
Memorandum of Transfer is the official transfer form submitted to the land office to instruct them to transfer the property to the buyer. This form is prescribed by legislation (The National Land Code 1965) and is used for all property transfers in Malaysia. The Memorandum of Transfer must be signed together with the S&P as the S&P documents the terms and conditions of the sale (e.g. payment terms, vacant possession, default, etc) while the memorandum is an instrument of transfer to be submitted to the authorities. Typically, the Memorandum of Transfer is signed (but not dated until later) by both parties at the same time or shortly after signing the S&P (and before payment of the balance purchase price). The memorandum is then kept in escrow by the purchaser’s lawyers until it is ready to be submitted to the land office for registration of the transfer. Once the relevant documents are submitted successfully, the purchaser’s lawyer will give the go ahead for balance payment to be paid to the seller. From the perspective of the seller, your interests are not comprised even if you sign the memorandum of transfer before receiving the entire payment price as it is held in escrow by the purchaser’s lawyer (and not the purchaser itself).
Thanks Bryan.
Bryan, the land title will not be immediately transferring to the buyer after the signing of S&P? The Land title transfer only happens when OC obtained? If not, when it will happen?
The land belongs to TM, and buyer deals with developer, some dumb questions, Just in case conflict happens between developer and TM during construction just because of financial issue, so is there a way that TM can sell the land to other even after buyer signed SnP with developer? And buyer will hire their own lawyer or use developer’s lawyer?
I am wondering if the land title transfer happens upon obtaining the OC, why should the MOT be paid during S&P..
Anyone?
Normally the transfer happens after 2-4 yrs (fast track) upon OC. There is some act that Dev must hasten the process with Gov. Not sure when the MOT need paid but the stamp duty is paid during transfer. Also, there is some proposal to do the transfer immediately upon OC. Gov need to play some role in there. Of course now the transfer cost is not cheap.
Anybody want to let go ur unit?
@Tom
Any
Any one would like to let go ur unit?
How much u can offer for front row? Intermediate.@Tom
Please give me one figure.@Pg
Do you guys think there is room for huge capital apprecation? With the house’s cost, MOT and interest before completion, total up to RM1,033,000 just for an intermediate double storey unit. Hmm. For long term yes but upon completion, how much can it appreaciates, just wonder.
And do you guys think the single storey units will pull down the price?
@Tom
My fren has 4 units in her hand, you can contact her at 017-4096233.
Hey Tom. People who book a lot like 4 units, then want to let go, mostly they want to flip and make thousand bucks out of it. Better you go to developer straight. Unless these people willing to let go at the original selling price. Haus is non dibs and you have to pay MOT upon signing snp
One unit to let go same price ,anyone interested??
which plot i got one buyer interested to buy ? price how much?@Lim
Hi Lim,
which plot you want to release? I already have one unit booked, just want to exchange.
Anyone heard that going to have 2 new blocks of 224 units of high rise in One Residence project. Where is the actual location? Beside Ideal Haus or ….?
Are you talking about Ideal Vision Park?@JY
@Tom
No, I saw another high rise going to build at One Residence area with consists of 224 units. But which part of One Residence, I don’t have any idea.
thats fierra vista condominium@JY
@k90
Please refer below link
http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=416911&S=S
Fiera Vista consists of 470 units.
Lim, One unit to let go same price . what price and which unit ?
980k@wong
Which unit?@Lim
I saw cracks on ideal show unit ( corner) beware
Plot 41 to let go
I m interested about ur unit, please contact me 012-5373323.@Lim
Why so quiet recently?
Confirmed the small land behind Haus and between Sathu and DV will be 2 medium cost apartments. nobody care abt sink and crack …
Anyone has intermediate unit to let go?
Any unit to let go …??
@Tim, you sure low medium cost apartment there?
Cm, I Hv one, what is the deal?@cm
Yes, confirm 2 blocks of LMC at the back of Chinese temple n single storey Ideal Haus. Under Tunas Muda not Ideal build on that.
@JY thanks. look like the 2 blocks of LMC will further cause the land issue
Lim, your house sold? If not can you call my phone 0195248239?
Any owner of Type B3 want to let go?
What is LMC? Thx
@Haus Siow, Low-Medium Cost.
Developer has any unit left? Many ppl say the price is crazy but almost all taken up, seems like lots of sour grape.
Probably this is the last landed with <1M. Earlier Sg Ara location is bad, but after some infrastructures and amenities upgrade, it is better and better each day.
straits international school, Heng gee schools, and probably chong San school, plus ideal vision park, bicycle routes, these are all the factors will help to increase the sales…
Type B5 wanted to let go…anyone interested?
Just received a letter from lawyer, the land title has transferred to buyer’s name…
I’m interested in Ideal Haus,any purchaser that plan to release? If you do,kindly contact 0124129826.
@Natasha
Im interested on the Ideal Haus, do it still available?Please advise..Thanks
@Lim Do your units still available? Im interested….please do call 0124129826.Thanks
@Haus Siow
Do you units still available? Im interested…please do call me 0124129826.Thank you
@ant
Do you units still available? Im interested…please do call me 0124129826.Thanks
Hi Owner, if u wan let go ur unit kindly contact me, thanks. 0164226599
any owner want to let go?
Interested to know…..Since this is still under-con, what is the price?
I meant u can buy the completed one in Dua, Tree isn’t it? seems similar to me except for non-G&G.
when is the expected completion date?
@chew
soon. start painting now.
@123 Property
Because they have included everything in its selling price. it is just the numbering in marketing to please customer.
Hey ideal haus owner, hv u guys received the cukai tanah? Must pay even before the house complete? Anyone know whether can apply waiver or discount?
Any owner would like to sell their unit?
Hi Owners,
Those who wish to sell your new unit Ideal Haus @ One Residence at
Solok Rajawali , please email to me :
chookl08@gmail.com
I am interested and a genuine buyer . Please provide me in detail
of the unit & price. I hope no agent involved .
Thank you n glad to receive good response .
I visited the place during weekend, I was quite impressed by the design of the house, the location also nice & believe it is a matter of time it will become a small town in near future. The price may be above my budget, I am still considering to get one and hopefully the price will drop a bit.
@viewer
Wait until the setia tri-angle ; the vision park and the solaria…this place will be a small town. Better still if the LRT station build somewhere the airport. Don’t wait the price to drop instead go home to discuss with parents, can share a bit the load..haha…
Positive people will find the way to achieve what they want, not push the load to the parents.. it is a life long burden you know.
@novice
what I said only an assumption la..my point is “work it out”….timing is important…anyway…its just my opinion. You don’t know me, you don’t necessary to take my opinion.
@yoyo
Am actually considering whether should allocate 1.2M for this property? It is about worthy of allocating but not about affordability issue. Well, I read some articles, globally it is a fact that raw material’s price is increasing, thus I have to admit that pricing drop will be tough and perhaps impossible. Like the idea of free hold & individual title. With the “after rain, the spring bamboo” effect, that creates the emerging “small town” and it looks possible. Right timing is correct too, once the OC obtained, most likely will take action direct from the unit that suits me.
I really like the external wall of Ideal Haus. Are they real marble stone?
Anyone want to let go their unit? Direct buyer here.
one unit facing children playground. Rent or sell. Call 0124812156
@Wee
How much ?
OC obtained. Not going to sell if its below 1.2m.
How much do u think u can give ?
@kw
I think 1.25m maybe ok
2 years profit >200K, very good investment. It is ~2 years salary of many entry level managers in FIZ.
@Bryan
It is true that it is really a good profit in such a short period, based on my observation, most of the landed property with G & G in Bayan Lepas/Sg. ara are asking 1.3m and above now.
anyone wan let go, whatsapp me, 012573zero2zero3
Is more than 1.3m now.
Any Ideal Haus Owner willing to sell their
house . Kindly email to me the price .
Thank you
@choo
Hi CHoo,
Pls provide your email/hp. thx