Tropicana Bay Residences @ Penang World City
Bay Residences, the phase 1A of Penang WorldCity development by Tropicana Ivory Sdn. Bhd. Strategically located within Bayan Mutiara, a new development hub located in the eastern part of the Tun Dr Lim Chong Eu Expressway and in the vicinity of Sungai Nibong. Comprises four 22-storey residential tower, with condominium unit size ranging from 455 sq.ft onwards.
Property Project : Tropicana Bay Residences @ Penang World City
Location : Bayan Mutiara, Penang
Property Type : Residential
Land Tenure : Freehold
No. of Blocks : 4 blocks of condominium
No. of Storey : 22
Built-up Area : 455 sq.ft. – 1,945 sq.ft.
Indicative Price: RM359,900 onwards
Developer : Tropicana Ivory Sdn. Bhd.
Register your interest here
Contributed by reader (Update – 02 Oct 2013)
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Yeah…. gong xi fat choy!!!!
Buy The Light better
price per sqt?
Admin Ken .. what is Block E. I asked Ivory all their staff dont want to tell me. Do u have any information?
anyone knows why is there a central bus drop off zone?
Very few choices so far or maybe already sold out all the unit. Current project will be the inner piece of land and not at the seaside area. I am not really attracted by these project so far bcos its quite far away from seaside.
anyone knows how to register an interest in this project? is this project launched?
Where can I get more information on this project? Is this project launched?
@2NE1
Sorry that I don’t have any official information from Ivory. But the layout and design looks like a hotel to me. Just guessing, may be not.
(definitely not a LMC)
how many people can live with 1 car park which most unit under this allocation..
i think not a good buy/investment, too expensive already, later future they reclaim infront then no more view.
and ivory famous construction too slow
wow….for Type A studio (455sqft) only block A got, summore all is west facing…..how to buy…?
for Type B studio (615 sqft), also now much good direction facing…..
lauched
not true..this one better
the light expensive
http://www.mudah.my/Light+Point+Gelugor-20165290.htm
Ivory not serious to vow customer because they figure will sell like hot cake.
Sales gallery don’t have model of the world city and no catalog to take away.
Just some pictures print using cheap ink jet printers.
All sold out except for a few 1300sf units.
According to my calculation, roughly RM650+ psf.
only 1300sf have 2 car park.
Other units not allowed to buy 2nd car park!
Ridiculous.
the 1320 sf is about RM900K+, it ranges from 680 – 730 psf… very high
I guess later on they will be open booking for 2nd car park. Selling car park is actually make more profit then selling condo. Simple structure but almost same RM psf with condo/ studio.
@test
The Light is cheaper, count in detail.
Your example you provided is a finished project, with 3 car parks and air con units work around RM10k.
The Light more central in Penang, Mutiara is more towards the south of Penang (although near factory).
“Parcel 1A Residences” is the name final? Kinda weird. I will stay away from this one.
Pls think twice before pay any deposit as there is no any physical model, brochure and sufficient explanation from developer. Do you want to buy such project? Furthermore, the price is really expensive….! (Unless you are super rich)
I rather to choose IJM, the Light project or Mahsing, Southbay (landed).
Only 1 car park for certain unit. Where do you want to park your 2nd car?
How come so many IJM and Mah Sing buyers here to promote their property? Must be difficult to get the price they ask. Both PWC, IJM The Light and Southbay are overpriced if you asked me.
I was surprised too.
And yet people buy all….. so how can it be overpriced??? Perplexed here…..
Parcel 1A residences is only a code name. The actual name should be “Tropicana Acadia” i supposed as printed on the pricelist
@Penang Homes
I said overpriced. You said I sour grapes. Expected…
Phase 1A no sea view, will definitely blocked by later phase. Highway noise extremely loud, not suitable for own stay. sky rocket price, speechless.
@IJMMSSETIA
Highway noise not as loud as airplane noise i think. Highway dusk is the worst.
@topenang is right. Parcel 1A is just a code name. But I have yet to confirm the actual name.
Hi Admin Ken,
The price shown above is ‘359,900 onwards’, is this price for lowest floor studio listed today ( before the 3+5% discount) ? Tqvm
@Pwc
Yes, the price is based on today’s price list, 455 sq.ft. lowest unit at tower A. I believed it is before discount. But i did not ask.
Over Price, still have so many people buy….晕。
Over price, 615sq-460.000.from680-720psf….very……very…….high????????
720 per sf facing 6 lane highway with even more car after 2nd bridge done n road expend…will be the most noisy residence in Penang. Used sea front as the selling point but this residence 100% no sea view only road view?????so funny…Mahsing 600 per sf, Ijm 600 per sf, pwc 700 per sf…invester definitely won’t think about this residence as too many better choice in Penang.
Over priced, no ppl buy want. Only cheat local Penang ppl. But nowadays local pg ppl no stupid. So many choice, they try to use sea front to attrack ppl. Don’t get lie in the picture. @BM
Jst wondering. They ask buyer to sign SnP and pay 10%. But the load application only happen during Nx year. Is it normal procedure for new launchig project??
Jst wondering. They ask buyer to sign SnP and pay 10% in 2 wk time . But the loan application only happen during Nx year. Is it normal procedure for new launchig project
Strange. That means they are willing to take the risk that you may not be able to get the loan. Which is not prudent for any developer. This is a red flag.
Building plan not approved yet… But they need your money to pay to State government, stage payment for the land purchase. If things go wrong, you can say bye bye to you 10% down payment.
I imagine this is “Villa Emas with freehold”. Villa Emas at least occupied.
Hmm. Raymond is right. The risk is on buyer. Even thwarted development may change the plan and ask for piece increase or smaller size in last min. And buyer has no say. I heard it happen before for ivory project. Pls correct me if I’m wrong.
If you are still wondering why. The developer is trying to lock you down before you have a chance to read comments in Penangpropertytalk.
Don’t buy! Don’t buy! Just stay at home play facebook games and watch the prices go higher and higher and still shout Don’t Buy!!!!
I have friends who since 2008 been saying that house prices will come down…at that time landed house in Tanjong Tokong was about RM500k – 600k…..today they still shouting that house prices will come down…..Tanjong Tokong prices now above RM1.5 mil…..I listen to them sound like a broken record and can only pity them……so decide people… invest now or keep shouting ‘the sky is falling’ or ‘the sky is going to fall?’
Gau gau choe lau kau
I invested in Seri Tanjung & The Light at right timing…
My next target is PWC, but this is not the right timing yet.
Be open minded, seek informations, and invest wisely.
No need to talk talk talk! Listen listen listen….they are all sold out! Expensive or cheap for you, all sold out, no need to argue. Sold out, tomorrow (mean next project launch) come early ya
Raymond Yap. Thanks for yr advice..
no next target for me. time to give-up condo/property investment in Penang. can’t afford. the price really crazy.
Developer today say sold out, tmrw a few more being thrown out. We should play the developer out so that they come begging for biz. Plan not approved yet n no Mppp licence also want to sell. What a shame to the whole company of employees who try to cheat ppl hard earned money.
Like. Totally agree!!!
Year of water snake is good for property launches. More than $6b worth of property planned for launching this year. Every developers is putting up the sweetest deal to get sales. Investor clubs continue to use their cards to push up the property price.
Bank Negara did nothing to moderate the situation. Government said our debt to GDP at 53% is still lower than Europe.
The fishiest of all is buyers have to pay the downpayment and sign the S&P within two weeks but stamp it 1 year later. You don’t do that if you are confident that the buyers will stick with you.
That would depend on how the buildings are constructed … I am current staying in Putra Place Block 1, and as soon as I close my main door, there is zero noise no matter how heavy the traffic is ….since all my windows and balcony are facing the pool …..But I do agree that if you have windows facing the road, then it will be extremely noisy …. Else, no problem !
@PG Guy
The company needs cash badly and that’s the main reason.Nothing more
nothing less.
One of my relative went to the new gallery office today & taken a look, just a few guys (less than 5 ppl) there c c look look, completely different scenario compare to first day launching. Of course, my relative didnt take up any unit….
YAPP!!!! Dun give up….. stay the course….. be confident…. you sure will not regret….. property investment in Penang Island is the best…… I am very confident you will make money…..however…. choose wisely… unlike the past 2-3 years… I dun think we can ‘chare meh kay tok tiok thang’….’we gain even if we just any how buy blindly…. we must be more discerning from now on….. tread with care or tread where angels are scared…..
Super like!!
I didn’t like the way Ivory deal with
the launching. Use ballot…just like Sime Darby
Somemore got free air-con if u bought their house
in KL
I didn’t like the way Ivory deal with
free air-con Somemore
the launching. Use ballot…just like Sime Darby
The prices keep on changing when I asked. Tulann!!
Some of us who do not intend to buy pwc should walk in to the office at different timing and pretend to look see look see. After a while if the sales staff tries to sell or explain, tell them sarcastically how bad their proj or unethical their tactic is so that they feel humiliated. What a way to make ppl wait like a dog from 9 to 5 last weekend during launching. After a few rounds of humiliation they will learn to respect human beings.
If the sales are really that good, you will see many people in and out their sales office everyday. Something really wrong if only a few look see. Of course season investors would not care that much to meet the sales person often.
I’m totally agreed, but somehow ppl bought it like crazy even thought at higher psf price, no details build plan, not even sea view when the others phase launch. Perhaps I’m missing something abt this PWC.
then don’t buy, its finished anyway, sorry
in fact, many people are in and out the office
sales was and is good
anyone bought 1000sqft unit? how much is it?
Observing the greatest ever number in history of projects and units in selling, launching, and going to launch this year, 2013, both in Island and Mainland of Penang….how Penangites are going to absorb this influx of new units available? Probably those developers out there should take a long holiday or vacation then.
went to the sales gallery at bayan mutiara yesterday in d evening. Not many ppl but all the units are sold out except for 600+ sq ft units. The bigger one left is 2000sqft which cost bout 1.3mil+
why are you worry? thanks for concerning
@hello
Finished? Sure or not? Later Ivory and bulk buyers release those good units that they kept how?
@hello
I heard AP and DL are not approved yet. Is that correct?
why so emo?
Tq penanghomes. I’m not invested in Seri tanjung and the light….just don’t like reclaim land. Platino, Shinevilla,Vertiq. Thanks God, already sold Platino. The latest one is Pinnacle. Take a rest….PWC is less likely
But PWC really an attractive project in Penang. Hope that will b the 2nd Sri Pinang Tanjung.
many units are availlable today.. 615, 872, 1020 sqft……
For units 1020 sqft, iss facing west or sea view?@islander
@Kent
facing north, west, south (seaview) are available, as remember price 720~780k;
OMG, they told me small units are sold n ask me to take the bigger unit(1320sf) with 986k.
@Penang Homes
Agreed…nothing wrong to intest Penang. But the growth might not steep anymore
for those interested to know more about the facilities available
http://www.dijaya.com.my/ourprojects/future_penangworld_facilities.php
there are roof facilities!
@Kent
You bought 1320sf?
On Tuesday, almost all units of Block C & D are booked.
But today (Friday), many units and types are opened except 872 sdft facing East, they may open for booking during CNY.
Sales gallery will be opened on this Sunday.
Why the layout for 615sqft unit looks different in Dijaya website? Anybody know which is the correct one?
@Jj
http://www.dijaya.com.my/ourprojects/future_penangworld_unitplan.php
– This webpage show floorplan for all units at a glance; should wrong for type B.
If you click to enlarge the image, it is the same with this forum.
http://www.dijaya.com.my/ourprojects/images/penang_world/typeb.html
Thank You Islander.Today I went to Gurney Plaza, I saga lot of units still available. So amazing that the unit that I booked few day s aga still open for booking. I m getting mad.@islander
U all speculator has no room for ppl to respect la unless u carry 10 mil cash n throw infront of them to lick ur 10 fingers also can
@Kent
Have they give any other discount other than 5% discount (from down payment), SnP legal fee and DIBS?
I saw the newspaper advertisement about ivory CNY promotion, 10%+5%+RM28,888 angpow. But don’t know for which project?
@Ken (Admin)
Can you upload the facilities floorplan info from Dijaya webpage?
The cny promotion for all the Ivory projects except PWC. Now they still give 3%+5% forA n B blocks but only 5% for Blocks C n D.@islander
With NO direct fronting to promenade & seafront like QuaySide & The Light, I don’t see the value of Phase 1A… I am sure Gold Coast would have better value if it is not leasehold. Anyway good luck to all the purchasers. Happy CNY.
Hi guys, I just come here to confirm. What was the price for 872sqft? Someone got at 50xk after all discount? Possible?
how much u bought? i heard my friend’s unit <600k after discount
615sqt sure <600k. for 872sqt, only unit below 9 floor can get <600k after less 5%.
@Barisucks
Hi, thanks all for the info. I did not intend to buy.
Just feel that it is unfair to label this >=700psf, while it’s ~580psf.
confirm my friend’s unit is <600k after all discount for 872 psft
@Barisucks
block B? if block D, only below 9 floor <600k.
Hi Admin Ken, i just bought a unit today morning. The official name for this Parcel 1A is ‘Bay Residences @ Penang World City’. Could you rename this website? Thx a lot
Bay Residences @ Penang World City
How much u bought & size?
any buyer pay the remaining amout for downpayment?
7 days after booking according to offer letter.
i thought its all sold out?
Thanks @WakaWaka . It is now updated
Still see a lot for 615 sf and 874 sf.
yes blk B. how much u pay for ur unit?
just want to know if there’s any 1020sf and situated below 10th floor still available? Price of unit and maintenance fee per month too.
Should have many units. You might want to book yours early tomorrow morning.
Because they thought people will prefer 1-2 bedrooms units for investment. That’s why majority of the units are with these sizes. They don’t know most people prefer “limited editions” for their PWC.
haha finally a nicer name…
I think its call Tropicana Bay Residences
Tropicana brand name is important 😀
@PG Guy
so u mean those Type-A (455sqft) all kena sapu habis?
@JJ
TimeSquare brand name also famous….but ended up 1 shoot up, 1 bungkus
@ks_rev
Type-A (455sqft) only available in Block A, 3 unit per floor.
some of them are taken by internal staff as well.
Why don’t they allocate all to their staff ? For 360k to buy a 455 sq.ft.
pigeon’s hole ? Got money no place to buy ? Pity those buyers.
@Ah Kong
No need to worry for the buyers. 2k monthly installment no big deal if cannot subsell or rent out. most buyers here are rich by looking at the way the grab.
Dijaya has been very successful with the small units in KL and PJ, their tropics suites at tropicana mall rewarded earlier investors with 150% transacted gain and their recent launch 3 mths ago at Tropicana Gardens are sold out within a day at >850psf.
Now, whether studios can be successful in Penang, time will tell…..
bro, at least surprisingly time square apartment doing quite well. high rental and selling ard 550k now. facilities and maintenance also is quite good.
Hi, i am a buyer of 615 sf. I buy it just because i want to be part of the hottest residence area in Penang in future. The reason is just simple like that. Others, if you dont want to buy, kindly dont show so many sour grape to us.
Me too, i am from Butterworth, i buy PWC just to have a station or stop for me in the Island. I work in MNC in phase 4, if anything the bridge is very jam, i could anything turn into my studio and have a sleep or hot shower, or have a night there. I choose unit 615 sf as well. Hello AndreaPirlo, nice to be your jiran, which unit you buy? I like to see your soccer skill.
I’m from KL. I bought a 872 sq ft. I bought just like Andrea to be part of the hottest residential area in Penang.
Cannot count this way. You automatically expect tenant to pay you 5% of “market price” as rent?
Ah kong ah kong
you still catch no ball. ask those bayswater or summerplace owner, how much their repayment and rental
Pg guy
i just shared some example. 3% i am satified. More will be bonus.
My budget only 700k & would like to buy condo near to queensbay mall area. Seems like i cant really afford Bay Residences@PWC as with my budget 700k, i only can buy below 1000 sqft condo & not even nearby the beach with seaview.
After survey, i found that only Gold Coast Resort approaching my budget. Anyone can give ur value opinions should i buy GCR or buy Bay Residences ? Why? I really dont mind freehold / leasehold. Tq
@AKS
how about Summerton? though is leasehold/commercial. the price is ~50% different.
If you dont mind the building look old interior and lift not nice. You can buy it.
If for immediate occupancy and leasehold is not an issue, i would suggest gold coast.
If for investment and can wait for 4 years and take some risk, i would suggest Bay residences
how do you come out with 50% price difference?
@topenang
You caught the wrong ball !!! Bayswater smallest unit is Delta 1173 sq.ft.
Aquarius is 1636 sq.ft. Summer Place smallest unit is 1012 sq.ft. and the
largest corner unit 1464 sq.ft. So you are saying they are the same
regardless of their built-up ?
You should buy more units,that’s all.
daniel, dont simply comment without fact…..misleading !
sorry, in terms of psft is ~50% diff. summerton psft is ~RM435, while PWC is ~RM650. For summerton 1566sfqt, is below rm700k.
@ks_rev
Time square name is a common name.
Tropicana is like Setia and Sunway.. its a brand name…
I am ipoh-mari, I bought a 455sqf studio because I want to keep it as “weekend home” with mistresses here..hee hee hee..
you see….. i purposely stated 1970s, he shot back say old fool. You fell into trap again. I not even go to school in 1979…..wakaka. We must always respect our seniors , AH BOY !!!!
Heehee,
You have a business mindset BUT we don’t want to earn that money and it against house rules as well. Keep it up.
@topenang
455sqf cannot get monthly rental RM1200 lah, some more without seaview.. that price better get N-Park 700sqf and may be can still see a bit sea view.. hee hee hee.. You need alternative /innovative way to get that amount..
happy to see so many buyers from Ipoh, KL etc today. They are buying for stopover place, holidays home, to be part of this project, keep mistress…..etc etc.
Welcomed to Penang World City !!
@heehee
I mean 4 years later from now. If i am not mistaken , the cheapest now is villa emas RM1000++. After 4 years , your 455sf @ RM 1200 will be very competitive for new condo like this
I would like to thanks the rich people from Ipoh and KL coming here to support penang properties. With their support, don’t think there will be any abandoned projects. Rich people should continue to spend in big way for a more robust and sustainable economy.
Villa emas have three rooms, and majority are owner-occupiers, don’t think you should use that as reference. Studio in Penang is not yet proven. And btw FTZ workers prefer to share apartment with rental of RM200-300 for each person. Your target have to be expats or patients for the medical center.
Pointless to go n hv a look…..all so out. Keeping them for greater profit as they always.do.
I agreed studio is not yet proven in Penang ( KL popular now ) but i think is going to be the trend in future. As property prices and rental go up, ppl feel expensive to rent the whole unit. Therefore, they have no choice but to share it out. However, if given a choice , they will go for studio for same amount and need not to share to so many ppl.
From the info i got, this year should see a lot new development with studio….
@Hooray
Then you might be wrong, because Ivory and most developers like to keep good units to release later. Do you aware that Block A mostly blocked by developer staffs?
Pg Guy
currently i have many customers ( senior Exe/Engineers & Managers ) mainly from Ipoh, Selangor and Alor Setar. they rent at villa emas at RM1200-1400 but they stay alone there without sharing because their company is paying for it.
Those expat i know have RM4000-5000 as renting allowances, they stay at platino and baystar.
Correct me if wrong
I agreed there are these group of ppl just willing to pay RM200-300 per person. Mostly junior staff and many work in Qbay mall & FTZ area as well. But you need to squeeze 5-6 ppl in the house.
Again, this figure is 2013 figure. I am sure villa emas rental will go up as well in 4 years time. By that time, the sardin renting systems cost will go up as well.
@topenang
I also heard about company renting apartment for their outstation staffs that stay here for short term, but not many, especially for one person only. Typically they do that if there are 2-3 outstation staffs. Anyway, i am not saying 455 sft is difficult to find tenant, the only question I have is how big is the market with your rental expectation?
2-3 people for 700-800 per month at strategic location is the most popular. Bangla and Indo labourers can squeeze in more la.
@PG Guy
First , I am not the 455sf buyer. I wanted to get it but sold out. Therefore i am not here to promote it
I still opine that 455sf studio is easy to rent out. There are only 66 units here and maybe 50% of them are buying for other reasons and not for rental. So i don’t see any difficulties in getting 30-40 tenants from FTZ / Qbay or even those executive from prai area.
@topenang
what so special with your 455sqf studio without sea view? can easily get a lot of the nearby 700sqf N-Park with seaview and cheaper price.
455sf reminds me of the launch during light collection 2 in end 2010, where people queue few nights to grab the studios 517sf, which have limited units at 750psf at that time. The people wanted access to the light collection at lowest entry cost ie <400k. Similarly there is only 58 units studio in Bay Residence, and many wanted to access to this development at lowest entry although Psf is not low.
@heehee
I think n park and pwc is different . Personally i think pwc better location. Furthermore it will be new condo compared to n park.
Investors only want to make money. I don’t think they is any buying for own stay. Remember Block A are mostly bought by developer staffs. Of course studio is easy to rent out if the rent right. But definitely cannot be more than 1k.
On and off we heard got people jump from N-park. True not?
I invested in this project for 872 sq ft is to participate in the development in PWC. The long term growth for this area is good with 10b development by ivory & dijaya. The view & location is among the best in Pg.
Studio at collection II is part of The Light Collection. Studio at Bay Residence is in Phase 1A itself, I don’t see how it can be tied to PWC.
Regarding return potential of studios in Penang… we should wait and see, as more will be built later on. There will be plenty of studios in the future, if there’s demand for them. The design will be more creative & attractive, and the earlier launched ones will be kind of “outdated”.
We will see in few years time how would the studio performs in the rental market especially in prime area. Dont know how is st quay studio performs so far ?
Definitely earlier launched condo will look outdated compared to new launch condo. This is normal.
I bought a studio, but i have to say all new house or apartment will have problem to rent out. Penang Island have less then 0.75 Million population, but houses supply is like Singapore (5 Million) and HK (7 Million). Sure will sate vacant one. Buy for rent in Penang, forget it. I plan to use it as a station for my Mainland House is the Island. When Penang brigde vey jam, i can any time turn out fron the flyover and back to me PWC home and take a bath and nap, before back to Midland.
Rent out, never be my consideration. If really have, will be a bonus for me.
@Ssboy, I see many bought studios for own use, me too.
Now that block D 615sf is about 830psf, I wonder how they will price the 60 units of 455sf studios at upcoming blok E…
@ShyShyBoy
Bridge jam can go Queensbay mall to rest before going back to Mainland House. No need to buy 400k studio and leave it empty 99% of the time. Thanks for supporting island property btw.
Qbay mall no place to shower and sleep one laaa …… hahaha
@Pwc
No sure yet what is Block E. Only studio meh? From where u know this?
OK. Quite demanding. But I really don’t know when the bridge will jam for more than 5 hrs. There is second bridge and tunnel also what…
@api
Block E suppose to have various types incl. approx 60 units 455f studio but no 615sf…anyway they can also change plans..
@ShyShyBoy
@Pwc
Both of you bought 455sf or 615sf unit?
Anyone consider for Victoria Bay rather than PwC. Is a definite sea view and great concept. Freehold as well. Just the price are way overrated.
@Ideal
Besides the price factor, VB is surrouded by the main access road to QB malls.
You can imagine more traffic when the more commercial unit from VB is coming.
@islander
Not much different because PWC comprises a mix of residential units,
shopping mall, office suites, office tower, hotel, retail spaces and open
mall with boulevard.
Last time Ideal Regency got people jump just right after OC. Recently Bayswater got people jump off also…so what? But I agree when the project has higher density, it is much more difficult to control the access/security, and also higher chance got suicide case based on statistical probability. What is the density for this project? 1000+? By the way, last time N-Park also was an iconic seafront project by a “star” developer..Penangites should still remember the history.. hee hee hee…
@topenang
You are working extremely hard, persuading and in the course of persuasion
all your personal ideas are in the form of assumptions, forecasting,comparing
others when yourself are not even sure.
Want to convince people to buy for investment but the current selling price is
4 years ahead of market price. You call that a good investment ???
@J & J
I just joined in this forum last week as CNY is too free. We welcome you to join in this forum as well.
You said the current price at PWC is 4 years ahead or market price ? Sure bo ? again, we will only know 4 years later.
Afterall, investment is putting money into something with the hope ( assumption & prediction ) of gain either for short term or long term. Who knows what is the future ? everyone just predicts as well.
If you know, then please share lo…….afterall, this is a forum to share your personal ideas. take it or leave it.
pls share if you have info for victoria bay. I am also interested.
Anyone has update of current sales status? Are there still many units in block c or d? Thank you
i just been there….block C & D left mostly Type B 615sqft (500k++ after 5% rebate), these 615sqft units all are on block D no.5 & 6, block C no.9 & 10.
Skeptical why so many of these 615sqft are left un-sold, since the sales person said can see Pulau Jerejak view (i seriously doubt that loh…).
then still got 1 or 2 units of 1000sqft…..there rest all booked…..!!
let’s see after a while they got release more units, haha…..(usual tactics)
615sqft. are mostly facing south which is a good direction.. wonder why do many unit left. Surprise that those facing west were snatch up faster.
615sf facing west are from block A, some taken by internal staff and there is 3% + 5% discount.
for block C D,
1st local ppl still prefer medium size unit, 872, 1000…. eventhough ave. price 750psf.
2nd price factor, 615sf sell at ave. 850psf.
anyone have other opinion?
I booked 615sf because of budget concern as well.
615sqft for 500k vs 872 sqft for 600k. Most investor prefer 872 sqft as it is only 100k higher but u get extra 150 sqft.
@ks_rev
will north part of jerejak island.
for victoria bay, it will see whole island.
From investors’ point of view, what would the selling price (sub-sale) be for these units, assuming the entire project to be completed successfully in time? Any experienced investors’ prediction ?
yes actually victoria bay will have better seaview/p.jerejak view, although some ppl might not like a busy road just infront of it, noise & dust issue.
But i’m not sure victoria bay will have smaller unit? If yes also the price tag will be higher or same as 500-600+k, assuming they selling for rm900-1000psf!
@John
Let me tell you all, those D Block & C Block, facing south unit with 615 sf.
You all better buy it now faster.
Buy it fast before it all sold.
It will be consider have good sea seaview (at least for another 2 years) then after the next phase parcel 1B block the view, it will still consider have partial seaview.
Some more it facing south and facing a more quiet internal road.
Some more it will face Parcel 1B swimming pool, a nice one.
I have bought 2 last week at Block D, Unit 5/6.
Yes, look at thier plan, you will see Block C/D unit D5/6, C9/10, can see very nice seaview, in future, at least it will still have partial seaview.
Who know, those Parcel 1B (2nd phase) build lower, or lower design or cancel off, then will be very good.
Hi dude, don argue my reccomendation above. You go and look at the map and their PWC plan, you will agree what is said above.
@Happy New Year
which floor you bought?
@Happy New Year
looks like u r gambling big, gambling the possibility that phase 1B will be cancelled, or build lower building. i am buying that for investment, do u think the subsale buyer will still buy your unit for partial short term seaview, when they already the phase 1B piling construction oredi blocking the seaview?
think seriously, if the unit is so good it wont wait until yesterday and still got a lot!
High Floor seaview.
@ks_rev
I am not gambling la, i have said it will be a bonus if it did block, even if it block and leave partial seaview, i will still facing a quiet inner road (between 1A and 1B) and future wuill have a nice 1B’s swiming pool and garden view. It will still the best facing for 615 sf unit.
@Happy New Year
above which floor consider high floor?
15 and above, at least need to be higher then Phase 1B podium car park. Then only in future you have partial seaview. Trust me, this will be you selling point in future. (even with partial seaview)
Nope. need to be 20 floor and above. you need to consider the angle needed to see thru future Parcel 1B and another seafront project. I think if you buy 20 floor and above, you will have partial seaview. I think a bit complicated here. Sorry about that. Hard to explain here.
looking at the floor plan, no balcony for 615, so just look through the window? I’m not sure if the partial seaview still the selling point.
Yes, it is up to individual. To me, yes, it is.
Happy New year, thanks for the input. Happy New year to your.
John, did you buy any PWC? Which type?
Having browsed through the latest part your discussion here, I still haven’t come to a conclusion that this will be a good investment. Is the ROI good or fair?…
The thing I cannot stand is a person who cannot make up his or her own mind…. Just do your own research…..visit the site…. talk to some agents and if you really like it and it suits your budget then just buy……..do not worry……only speculators would be so unsure like you…. unsure about making $$$$…..
@Penang Homes
Thanks for your advice. Forgive me for being so indecisive.
This is one of the many forums I do the research on. The thing is I can’t go to the site or Penang isaland since I am so tied up in my business in another country. I am one of those “remote control” investors (a term used by others in another forum). Years ago, I simply purchased a condo without even setting foot on the island and its subsale value nearly double today. In that forum, more than 60% of the investors’ views were positive on that piece of property. One investor even predicted that the subsale value would go up to 100% and it becomes the reality today.
P/s Please don’t ask me about the name of the other property. You just have to take my words for it. Sorry…
u guys MAD with IVORY ? how come the gurney plaza IVORY booth property fair so less ppl walk in ? Boycott already ah ?
@Happy New year
I’m only interested in 2 facing, 1st east and 2nd south. not so into the seaview cos even there is, it won’t be long. since the east is no longer available, option now is the 615 south facing block B or black C. Have to make decision today.
@john
Block b better deal vs blk c as it is 4% cheaper and additional 3% discount..other features are blk b may be noisier, blk c may face construction works initial years…blk c and d 615sf high flr exceed 850psf, no longer cheap..
PWC, good info, thanks.
@Pwc
615sf for Block C & D have same price, only get 5% discount.
additional 3% applied for Block A & B only.
@islander
Thanks, for clarity…block a and b, 3+5% discount, and block c and d, only 5% discount…however in addition, the list price of block c and d is about 4% higher than block a and b….hence if you buy a and b (if units available), you are buying 7% lower than block c and d…
@Pwc
yup, correct.
block B have only 1 unit of 615sf per floor.
not many unit to choose.