Im considering for first house. Just went to have a look at the land there n went into the office. 872sqft all sold out already. Really Selling like hot cake meh after launched few days? Gurney plaza rdshow also dun have the unit anymore.. Or is this just the sales mimic?? Pls advice.

@Msbunny

First house buy anywhere convenient to you and your family. Most importantly check your affordability. Can you wait 4 years for PWC?

3-4 years is fine coz this is just for investment purpose, not to stay there. Pg property booming like rocket, if idun buy now i dunno if i can afford in the future or not.. Hahah

In 3-4 years,loan installment starts hence still have ample time to save more money isnt it?

But is this as good as ijm the light?

@PG Guy

@msbunny
I would say bay residence is similar to light linear but not comparable to light collection..I entered into the site of collection 1 and 2 recently, the sea is just in front, in fact in collection 2 marina area, the sea is below the units! Light collection is in different category…

@Msbunny

Penang needs more investors like you. If you like the light, why not but from subsale. Plenty of units for sales with lower psf.

pwc comparable to the light linear? i dont think so….
is PWC green building? do PWC hv the smart home system with itercom & home alarm? do PWC hv the storage water heater and all rooms with inverter aircon? do PWC hv at least 2 carparks for the units? i think PWC just a normal condo with > 1000 units, such high density in small 10 acres land.

@sp
Very valid points reg. light linear..pressumably the most comparable units in pwc are those 1320sf units with 600-700 psf, as compared to ready made 1475sf light linear at below 600psf..somehow the investors are betting into future potential of pwc or maybe light linear is undervalued…

Whether you trust or not. You can check in fengshui website

I was told by feng shui master to avoid houses located
a. T junction
b. Y junction
c. End of Bridge ( the light linear and light point )
d. Near fast highway

PG Guy :
@Msbunny
Penang needs more investors like you. If you like the light, why not but from subsale. Plenty of units for sales with lower psf.

don’t believe him, the light not as good, many construciton can’t stay for at least 10 years, rent also will be hard

Pwc :
@sp
Very valid points reg. light linear..pressumably the most comparable units in pwc are those 1320sf units with 600-700 psf, as compared to ready made 1475sf light linear at below 600psf..somehow the investors are betting into future potential of pwc or maybe light linear is undervalued…

does PWC as noisy as light linear :)?

AL :
Whether you trust or not. You can check in fengshui website
I was told by feng shui master to avoid houses located
a. T junction
b. Y junction
c. End of Bridge ( the light linear and light point )
d. Near fast highway

screw feng shui. no trust

z :
@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…

which property?

@Oppa gangnam style

Haha, feng shui master. I only believe feng shui 20%. Feng shui didnt teach u how to make $$$ by flipping, collect rental. Yes, it tells ppl creates balance in life, ying&yang…etc
If feng shui tell u that a 5 mil condo is very to u. Would u follow ? Pls urself & dont put ur feeling on forum bcos nobody wanna know…follow ur affordability finally…

@Oppa gangnam style
PWC was located beside the coastal highway, it might be noisy as well.
however, good location condo normally built along the main road, for example, villa emas, e-park, sunnyville, the view, the light, PWC, bayswater, the spring, etc.
if quiet place, u may choose inner part of island such as sungai ara, relau, teluk kumbar, balik pulau.

AL :
Whether you trust or not. You can check in fengshui website
I was told by feng shui master to avoid houses located
a. T junction
b. Y junction
c. End of Bridge ( the light linear and light point )
d. Near fast highway

I will trust feng shui 50%. I wont ask a feng shui master to decide on any purchase of property but i will never buy a property at T junction, Y junction or End of bridge ( qio ka ) as it will be hard for resale especially for CHINESE buyers

For THE LIGHT, you really have to bear with the noise level ….

For PWC, those facing road may or may not. Those facing pool ( block a & b ) and block c and D is OK.

PG Guy :
@Msbunny
Penang needs more investors like you. If you like the light, why not but from subsale. Plenty of units for sales with lower psf.

But I thought subsale will be more expensive isnt it? Arh.. I cant make up my mind, help.. Rm650K for 827sft. Facing pool side. worth?

@topenang

i think PWC unit even noisier because it is facing the road, the light units all facing inside.
both development also beside the highway. no difference if talk about noise.

sp :
@topenang
i think PWC unit even noisier because it is facing the road, the light units all facing inside.
both development also beside the highway. no difference if talk about noise.

If you noticed, the light linear consists of one row of condo per floor. therefore all the unit entrance, corridors and windows facing “parallel” like a “BIG Bus Stop” or ” noise barrier” towards 100km/hr highway ( sometimes i drive 120km/hr ).

As for the PWC, example block B, the are approx 45% to the main road and only unit 2,3,4,5 & 6 window facing main road at 45%. Unit 8,9,10,11 are separated by a corridor.

anyway, if you think light linear is better, why not try sell it at 700psf-800psf with all the +ve points you have. See whether got ppl lining up to view your unit .

Also, chinese ppl hate stay at “qio ka”…….like the VIEW twin tower

@topenang

for the light, only the entrance facing road, all windows and balcony is facing inside. but PWC, the balcony is facing main road except those facing pool. but i think also noisy if u hv been to villa emas unit that facing pool.

sub sale & new launching is diff market in Png. if PWC hv no dibs and need immediate installment, it wont be able to sell at 700-800 per sqft becoz those are speculator who only look for low entry cost. PWC only need to pay 50k for 1 mil property and pay installment 4 years later. so 700-800 per sqft is future price for PWC, not now.

the light linear sub sale price is current market value, you need to pay 10% snp price + immediate installment.

for a fair comparison, we should look for the sub sale price for the light & PWC 4 years later. that time, both also ready in the sub sale market, i really can’t wait to see both the light and PWC completed.

hope PWC won’t be time square NO.2, really wasted for such a good location. but i doubt they can bring in big brand commertial like the light, coz there is no big brand or anchor tenant in their time square as well, until now stil empty and failed to attract ppl.

@topenang
i forget to mention,
the “qio ka” the view is by ivory, subsale value stil at 800k++ after so many years.
the nearby property, the light point is by ijm, subsale value is 1.6 million now.

@sp

Now i agreed a bit i.e low entry.

First, we dont talk about block C & D as they further inwards.

Let’s talk about block A & B first. Most facing main road units are smaller units like 455sf (tower A). These units do not have balcony and the price is about RM300++ K. Therefore we cannot compared to light linear 1475 sf which is RM800-900K asking price now.

Let compare PWC 1320sf vs Linear 1475 sf. One of the factors they choose PWC is definitely low entry. Example RM900K, PWC buyer just need to pay RM45K after 5% discount. However, Light Linear you would need to pay more than RM 100K ( 10% down, stamp duty + lawyer fees) and also bear the interest of RM34K per annum. Of course, you can contra the interest by finding a tenant which is quite hard.

Conclusions expenses in 4 years :
PWC : RM45K
Linear : RM 100K + ( RM34K x 4 ) = RM236K

By the way, tower B buyers pay much less psf than you think. I just don’t want to reveal

People choose PWC bcos of low entry cost and relatively lower long term commitment for 600-900sf condo, and of course slightly easier access compare to The Light. The Light even though cheaper psf but the min selling price is 800+k. Not many want to buy a completed condo at that price nowadays, unless for own stay. So far only 1-2 owners moved in.

Both will be noisy and dusty. That is the price to pay for staying next to Tun Lim Chong Yu expressway.

sp :
@topenang
i forget to mention,
the “qio ka” the view is by ivory, subsale value stil at 800k++ after so many years.
the nearby property, the light point is by ijm, subsale value is 1.6 million now.

I dont 100% support Ivory or IJM, both also have screw up projects. The reasons The view price is still there is more towards “qio ka” issue. That’s why I dont want to try my luck with all “qio ka” property.

@topenang

the view problem is not the “qio ka”, the main probelm is the layout and the road access.

@PG Guy

agree that condo along the tun lim chong Eu expressway will hv the same noise issue, but so far not really a big problem, as we can see, those property prices are escalating high, for example, bayswater.

about accessibility, if u really know about the light master plan, the access will be more convenient than PWC when the commertial part ready, there will be direct fly over into the light development without U-turn.

i doubt PWC will hv any owner move in, as so far i didnt hear any ppl buying for own stay, all is invest. anyone buy for own stay here?

@topenang
may i know how low for tower B? i think if can buy 2 carparks, low maintenace fee (20sen)
-ve point – noise

may i know how low for tower B? i think if can buy < 600 per sqft, PWC still a good bet, but not for 700-800 per sqft coz PWC dun hv any other special feature except the location.

welcome anyone to share and provide info regarding the unit spec and commertial part that justify it can worth for 700-800 per sqft?

PWC:
positive point – location (close to queensbay mall)
negative point – noise, no seaview, high density (10 unit per floor), 1 carpark for most of the unit, higher maintenace fee (25sen)

The Light Linear:
positive point – location (the light waterfront), got seaview, low density (6 units per floor), smart home system with itercom + home alarm, awarded green building, storage water heater, all rooms with inverter aircons, bigger space (~1500 sqft), free locker room, > 2 carparks, low maintenace fee (20sen)
negative point – noise

@sp
All Block A, B, C, D have 22 floors.

@sp
Block B 615sf lowest floor — 491k

Msbunny :

PG Guy :
@Msbunny
Penang needs more investors like you. If you like the light, why not but from subsale. Plenty of units for sales with lower psf.

But I thought subsale will be more expensive isnt it? Arh.. I cant make up my mind, help.. Rm650K for 827sft. Facing pool side. worth?

not worth, you can get 1500 sq ft with that price

@islander
it is > 800 per sqft.

PWC vs The light reclaim?
Thought PWC reclaim has taken many years comparatively.

sp :
PWC:
positive point – location (close to queensbay mall)
negative point – noise, no seaview, high density (10 unit per floor), 1 carpark for most of the unit, higher maintenace fee (25sen)
The Light Linear:
positive point – location (the light waterfront), got seavie,w, low density (6 units per floor), smart home system with itercom + home alarm, awarded green building, storage water heater, all rooms with inverter aircons, bigger space (~1500 sqft), free locker room, > 2 carparks, low maintenace fee (20sen)
negative point – noise

I personally prefer The Lights. This project is with a better concept and planing. And it’s already started for a few phase, which means a shorter period to stay with the construction environment. And better developer, plus better location as center of Pg island east coast.

PWC, to me like pushing the project out in rush, maybe to know too less about it. And it is just the beginning, it is still long way to go. The developer is also famous for different reason, and I am not too sure if you still need to drive to QB mall, there will make any different on the location from PWC or The Lights.

Bryan :

sp :
PWC:
positive point – location (close to queensbay mall)
negative point – noise, no seaview, high density (10 unit per floor), 1 carpark for most of the unit, higher maintenace fee (25sen)
The Light Linear:
positive point – location (the light waterfront), got seavie,w, low density (6 units per floor), smart home system with itercom + home alarm, awarded green building, storage water heater, all rooms with inverter aircons, bigger space (~1500 sqft), free locker room, > 2 carparks, low maintenace fee (20sen)
negative point – noise

I personally prefer The Lights. This project is with a better concept and planing. And it’s already started for a few phase, which means a shorter period to stay with the construction environment. And better developer, plus better location as center of Pg island east coast.
PWC, to me like pushing the project out in rush, maybe to know too less about it. And it is just the beginning, it is still long way to go. The developer is also famous for different reason, and I am not too sure if you still need to drive to QB mall, there will make any different on the location from PWC or The Lights.

I prefer the sea view of PWC, more relaxing compare to Light dirty, port view. But I prefer IJM as developer, though.

I think Block B south facing units got possibility of sea view. Looking at the site layout plan, Block B is not blocked by Block E and according to the SA, the vacant piece of land south of Block B will house a TNB substation which is only 3 storeys high ( as high as the car park level only). So there may be a possibility that Pulau Jejak can be seen, if not blocked by Putra Marine, pUtra Place and Gold Coast condos.

Anyway, there will be a sky deck on the rooftop ie at level 23 of Block B which is very much higher than the top level of those condos, which are only 16-17 storeys high. This sky deck will be for the use of all residents and one can go up there to enjoy the sea or Pulau Jerejak view.

Block A and B lowest floor 615 unit is RM485k before 5%+3% discount. I bought a 615 unit at block B.
Any buyer sign the SnP and pay the remaining 5% yet? Wait for lawyer firm to call?

Block A and B lowest floor 615 unit is RM485k before 5% plus 3% discount. I bought a 615 unit at block B. Any buyer sign the SnP and pay the remaining 5% yet? Wait for lawyer firm to call?

@D.MAN

i actually also like the seaview from bayan mutiara, especially seaview from putra marine is very nice. but PWC bay residences don’t hv seaview as it is located at inner part of the bayan mutiara next to highway from the master plan, there will be big reclaim land in front of it.

besides, the relcaim land activity and construction will take very long time, this will affect the subsale and rental of bay residences. buyer need to bear the risk of not able to rent/sell for a longer period, need to hv strong holding power.

Jj :
Block A and B lowest floor 615 unit is RM485k before 5%+3% discount. I bought a 615 unit at block B.
Any buyer sign the SnP and pay the remaining 5% yet? Wait for lawyer firm to call?

Congrats u bought at cheaper price. Block C and D lowest floor Type B is RM515k and discount only 5%.

Anymore 615 (facing south) unit available in block B?

If can get light collection 2 say studio 517sf with 2 carparks at 520k, maybe better deal? Coz can access to all facilities in collection series.

@Cindy
Block B 615sf sold out.

@Pwc

the light collection 2 studio is partially furnished with full set kitchen cabinet, aircon, storage water heater, timber flooring, centralised vacum system, smart home system, 2 carparks and etc. somemore, the collection series will hv 2 private boat for residents and private seafront (not open for public), such a luxury life.

@sp
Agreed on the features (I am vested in collection 2 but I didn’t manage to get studio)…now I am pondering whether sub sale (if available from market) of collection studio is better deal…

@Pwc

I will go for collection 2 for own stay. Don’t think studio at both location can rent for 2k, 1k maybe.

bain :I think Block B south facing units got possibility of sea view. Looking at the site layout plan, Block B is not blocked by Block E and according to the SA, the vacant piece of land south of Block B will house a TNB substation which is only 3 storeys high ( as high as the car park level only). So there may be a possibility that Pulau Jejak can be seen, if not blocked by Putra Marine, pUtra Place and Gold Coast condos.
Anyway, there will be a sky deck on the rooftop ie at level 23 of Block B which is very much higher than the top level of those condos, which are only 16-17 storeys high. This sky deck will be for the use of all residents and one can go up there to enjoy the sea or Pulau Jerejak view.

No matter block E is there or not, Block B south units will be blocked by Block A on the left and putra place/putra marine on the front/left.
You may need to get at least 20th floor at Block B for the seaview/jerejak island.

bain :I think Block B south facing units got possibility of sea view. Looking at the site layout plan, Block B is not blocked by Block E and according to the SA, the vacant piece of land south of Block B will house a TNB substation which is only 3 storeys high ( as high as the car park level only). So there may be a possibility that Pulau Jejak can be seen, if not blocked by Putra Marine, pUtra Place and Gold Coast condos.
Anyway, there will be a sky deck on the rooftop ie at level 23 of Block B which is very much higher than the top level of those condos, which are only 16-17 storeys high. This sky deck will be for the use of all residents and one can go up there to enjoy the sea or Pulau Jerejak view.

No matter block E is there or not, Block B south units will be blocked by Block A on the left and putra place/putra marine on the front/right.
You may need to get at least 20th floor at Block B for the seaview/jerejak island.

I see that a lot of forumer keep mentioning 5% discount bla bla bla. Do you guys really think developer give you discont? You mean give you free money from their pocket? Its actually the selling price la. Same as you buy clothes, are you so naive to think that retailer really give you 70-80% discount whole year through? The product have been mark up and you have just fallen to their marketing strategy.

Hi

I bought one unit blk b 1320sqft facing pool / east

Cheers

@TKC
We all knew that lah…. just mention 5% to indicate the lowest price on top of the listed price for all different unit sizes…..

TKC :I see that a lot of forumer keep mentioning 5% discount bla bla bla. Do you guys really think developer give you discont? You mean give you free money from their pocket? Its actually the selling price la. Same as you buy clothes, are you so naive to think that retailer really give you 70-80% discount whole year through? The product have been mark up and you have just fallen to their marketing strategy.

You are right. It’s basically a gimmick to make buyers feel good about their purchase giving value for money.

For investors/speculators/flippers, there is another angle to this i.e. the higher listed price is used as the basis to sell the units in the subsale market later so they get added profits in the discounts/rebates given during the early launch.

Never mind. There is a wide distance between Block B and the Putra Marine/Putra Place condos with the river in between. If cannot get sea/Jerejak view, at least got river view. Hopefully this PWC development will also incorporate beautifying the river bank with landscaping, jogging/cycling tracks, etc.

Anyway, just go up to the sky deck at Level 23 to enjoy the views of the sea/ Pulau Jerejak.
@islander

PWC buyers, any of you sign the SnP yet?? Suppose to sign within 7 days but nobody call me yet…

@Jj
nop, even the 5k booking cheque has been cleared yet.
Have you pay the remaining amount for the 5% downpayment?

yes, snp not sign and no call from ivory… don’t know what’s happening…

Yeah, don’t know what happen. Not sure if my unit is being taken by others or not. Heard that some units have been double-booked. Not sure if it is true.

May i know whoelse booked block B 615 unit? We can be neighbour next time…

@biscuit
Just received call from lawyer firm 5 minutes ago ~ regarding some information confirmation.
They are preparing the document now.
Btw, which block & unit you bought?

Jj :May i know whoelse booked block B 615 unit? We can be neighbour next time…

I booked Block B Type B 615 sf, Level 7 being the cheapest available then. I originally wanted to book Level 5 but hesitated and went back 2 days later this unit gone already. So had to settle for Level 7 for 4k more. Never mind doesn’t matter..I think this PWC would be a fabulous development with Queensbay Mall nearby, sea frontage and superb accessibility in between the 2 Penang bridges.

Which level did you book? Nice to know you, neighbour!

Hi Bain, I am just above you! Nice to know you too!

i am block D buyer.. also not yet receive any call yet. However, when i make payment that time, they tell me should be soon need to pre-sign the snp. may be right after cny, but will process block A and block B first.

block C, D price already up very much and no the 3% discount.. need to vomit out more $$ for the downpayment. what i worry is pre-sign doc not able to apply loan. what is future loan approval only approved for 80% will make me worry.

However, this is my dream house (i like this location many years ago since rumours say will have bayan mutiara condo that time.. but my 1st rules is to get a freehold unit which make me wait for so long n a bit late to entry property… )

@bain

you are so luckly, i guess you are from KL is it.. still able to reselect
i go to queue 3 times in different days.. first 2 days not even have opprtunity to talk to those sales person…
when i did.. A and B no more small unit.. which make be very hard to make up my mind when i stand in front of block C, D price list, i saw all the aunty uncle open chequewithout think so much n the reserve sticker stick up so quickly when they open.

btw.. i think block C and D only level 8 and 9 is reserve by internal staff first, coz when i go select that time, there is many unit available, only level 8 and 9 no matter which unit is full of sticker.

@tomyam
which type and floor for your unit?

@tomyam
Yes I’m from KL but I booked the unit in Penang at the Sales Office in Bayan Mutiara last week (11/2) during the Chinese New Year holidays. At that time, Type A 455 sf and Block A units were all sold out but there were still a few units still available (Types B, D, E, F) in Block B. Since this block got 3% discount + 5% rebate, I booked 1 Type B 615 sf unit since it is cheaper by 7% nett over Block C or D (listed price 4% higher + no 3% discount). There were not many people at the sales office then and no need to queue.

Actually I was at Gurney Plaza 2 days before and by chance saw this PWC for the first time at the Ivory promotion and was eyeing a 615 sf unit Block B at Level 5. I hesitated to book then but when I went to the sales office 2 days later this unit was booked so had to settle for the Level 7 unit. Real hot this PWC, I understand Block B now already sold out too.

I was eyeing this location since 2009 when PDC planned to launch a condo development here called Mutiara Pica and registered with them. Now it has come to fruition (although not by PDC) so I decided to buy 1 unit. For me, this will be for own use as a weekend/vacation house and so the 615 sf unit is ideal with 1+1 rooms. I like this location because of its easy accessibility to the Penang bridge and near to Queensbay area. Sea view, although a plus point is of secondary priority and can be enjoyed at the rooftop sky deck area.

tomyam :
i am block D buyer.. also not yet receive any call yet. However, when i make payment that time, they tell me should be soon need to pre-sign the snp. may be right after cny, but will process block A and block B first.
block C, D price already up very much and no the 3% discount.. need to vomit out more $$ for the downpayment. what i worry is pre-sign doc not able to apply loan. what is future loan approval only approved for 80% will make me worry.
However, this is my dream house (i like this location many years ago since rumours say will have bayan mutiara condo that time.. but my 1st rules is to get a freehold unit which make me wait for so long n a bit late to entry property… )

Hello – then I must say that you made a mistake. You should buy one property first while waiting for this one. Now you pay 50% premium for failing to ride the wave

@islander

Block D 872 lower floor

@bain

yaya.. haha.. that time i also aim for mutiara pica.. no news until i wait till neck also long liao.. haha

oh.. true.. gurney time got few unit but not much.. i believe that time have few people dropping and nice to get some “cheaper” oppourtunity

@test

i agree but time past and we must continue..
all people regret of not get one at year 2010/2011 but we already miss the boat.. somemore that time the economy condition is really bad.. my x company offer vss and shutdown frequently.. only the brave one dare to take it.. and i admit i am not the one

that time psf 350 all people will tell you this is not a good buy, location not good, near to mosque, jam etc but then property price today still up ..
today.. the price damn high.. all people tell the same story .. no sea view, over price, over supply, bubble burst soon. Not sure what will happen, but i kinda feel inflation will coming soon.. as even hawker center food also increase from 3.5 to 5 near my house area.
i already no confidence if i wait till another 5 to 10 years, the burst will happen and i still able to get one or not..
i will try to limit the number of buy n sell.. just get one in my dream place, work hard to pay the loan..
haiz…

those buying for own stay must have calculated that its worth to pay such a price for such a project/location, when there are so many in Penang which commands the same selling price. PWC must be really special

if i have such money, i already bought gold coast and start enjoy super sea view, larger unit and better landscaping. i have seen gold coast from 10 years ago. until today the project still look classy. nowadays developers do simple design and claim this is the trend, less is more, when they laugh at you at the back. who else wants to build you projects that can look even classier as time goes by, nowadays?

just my personal opinion.

Gold Coast is good. Just that it is leasehold that turns me away.

p :those buying for own stay must have calculated that its worth to pay such a price for such a project/location, when there are so many in Penang which commands the same selling price. PWC must be really special
if i have such money, i already bought gold coast and start enjoy super sea view, larger unit and better landscaping. i have seen gold coast from 10 years ago. until today the project still look classy. nowadays developers do simple design and claim this is the trend, less is more, when they laugh at you at the back. who else wants to build you projects that can look even classier as time goes by, nowadays?
just my personal opinion.

yeap agree with u, gold coast is a better buy (for own stay) because of the ‘real seafront’ seaview, if you dont mind the leasehold period left 80+ years…….because a lot ppl afraid after they stay for another 10yrs (when leasehold period left 70+ yrs) they hard to sell it out (coz bank not easy to give out loan for new buyers)…

@ks_rev

yes.. gold coast is least hold..
for me .. putra place is good enough if you dun mind whether it is least hold or freehold.
summerton per sf is also only about 450 now… just because of leasthold n commercial title which is not preferable for own stay..

ks_rev :

p :those buying for own stay must have calculated that its worth to pay such a price for such a project/location, when there are so many in Penang which commands the same selling price. PWC must be really special
if i have such money, i already bought gold coast and start enjoy super sea view, larger unit and better landscaping. i have seen gold coast from 10 years ago. until today the project still look classy. nowadays developers do simple design and claim this is the trend, less is more, when they laugh at you at the back. who else wants to build you projects that can look even classier as time goes by, nowadays?
just my personal opinion.

yeap agree with u, gold coast is a better buy (for own stay) because of the ‘real seafront’ seaview, if you dont mind the leasehold period left 80+ years…….because a lot ppl afraid after they stay for another 10yrs (when leasehold period left 70+ yrs) they hard to sell it out (coz bank not easy to give out loan for new buyers)…

no la just personal opinion. i wont even touch free hold like PWC. again i have to ask – is it worth the price? what they get? sea view? how long does one stay at home anyway? 24hrs a day and looking at the sea 24 hours?

at night, there is nothing to see also…

one thing that may make such price worth it is a super low density project, but no… look outside the balcony and you see the block opposite to you, a nightmarish experience having so many units looking into your unit, and you have to close your curtain, or just expose your privacy to everybody…

now tell me, PWC buyer, what are you really buying?

if someday the gov decide to change all leasehold to freehold, i cant imagine how many people will puke blood

if you worry about tomorrow, you will miss the life today… look further ahead. if you have the ambition to stay in one place for the rest of your life or for many generations to come, please, just buy a landed and have this peace of mind

leasehold to freehold. This won’t happen.
However, freehold vs leasehold in condominium has no much of the meanings except as mentioned the leasehold period hit the 70++ years of period. But with wonderful view in front, who cares? There has been no development past 50 years in Penang infrastructures, i don’t think it can improve anytime sooner. So, i would suggest aim for leasehold The Light Collection, easily can hit to 2mil with that kind of facilities and CONFIRMED double return.
Think twice Penang World City Studio Supporter, you might win the first battle, but with family and children more, you can stay in 500-700 sq feet house with peace.

Hi all, i just join u all. Block D, 615sf, above 20 floor. RM510K after discount. Very excited to have a 2nd house with such nice location. Plan to make it be my weekend home. Here i have 2 question need help:
1) What is the top floor level for Block A/B/C/D each?
2) Which block the sky lounge and gym located? Entire A/B & C/D Block or only either A or B? or C or D block?

Could anyone help?

jackie :
leasehold to freehold. This won’t happen.
However, freehold vs leasehold in condominium has no much of the meanings except as mentioned the leasehold period hit the 70++ years of period. But with wonderful view in front, who cares? There has been no development past 50 years in Penang infrastructures, i don’t think it can improve anytime sooner. So, i would suggest aim for leasehold The Light Collection, easily can hit to 2mil with that kind of facilities and CONFIRMED double return.
Think twice Penang World City Studio Supporter, you might win the first battle, but with family and children more, you can stay in 500-700 sq feet house with peace.

Landed property will be best….but MUST be on island… NOT mainland

@Wesley
Block D 615sf 20th floor ~558k, after 5% discount ~530k.
You get with 3%+5% discount?

p :
if someday the gov decide to change all leasehold to freehold, i cant imagine how many people will puke blood
if you worry about tomorrow, you will miss the life today… look further ahead. if you have the ambition to stay in one place for the rest of your life or for many generations to come, please, just buy a landed and have this peace of mind

Agree… buy landed… but must be on island….NEVER buy landed on mainland…. that is suicide!!!

@Penang Homes

haha.. it depends..
if for own stay.. mainland not a problem.. a friend of mine very anti pg island house no matter condo or mainland. He bought one landed in butterworth and say dun like the busy and happenning life style here.. so as long as not for investment purpose.. it should be okie.

somemore .. the price now is like 500k(butterworth) vs >850k(island)

but i do agree with you, if for my own.. no matter how i prefer island.. this is the place i grow up.. even small like bird nest in island , still better than mainland… ( a lot people say this is penang island born problem)

tomyam :
@Penang Homes
haha.. it depends..
if for own stay.. mainland not a problem.. a friend of mine very anti pg island house no matter condo or mainland. He bought one landed in butterworth and say dun like the busy and happenning life style here.. so as long as not for investment purpose.. it should be okie.
somemore .. the price now is like 500k(butterworth) vs >850k(island)
but i do agree with you, if for my own.. no matter how i prefer island.. this is the place i grow up.. even small like bird nest in island , still better than mainland… ( a lot people say this is penang island born problem)

I feel that island has more attraction…..everything is happening there…..recently the Pai Tnee Kong at Chew Jetty……. come on…. you cannot replicate that atmosphere on mainland…. those staying on mainland have to brave the queue at the ferry terminal or at the bridge to attend this event (I am quoting this as example only…. there are tons more) and then after the event…..have to go back to mainland…..even the thought would discourage me to buy a home on mainland……for me (personally..so mainlanders do not be offended)……I do not see anything that attracts me on mainland…. talk about Raja Uda….hey….nothing compared to island….. you guys gotta agree with me on this….. its a no brainer …….

@Wesley
u can log in Dijaya website, the facilities is disclosed in detail. I am happy to see there are 3 roof top facilities.

With regard to pre-signed SnP (actual SnP is effective only end of 2013 due to permits), how does it work? eg. if I pre-sign and later if I decide to decline (can always give reasons of no loans), is this possible without penalty?

Just to share the recent survey by iproperty.com shows that most people buy property based on LOCATION first, price second….!

http://blog.iproperty.com.my/news-opinions/an-asian-overview-of-the-property-market-in-2013-h1/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=twitterfeed_blog_twitter

topenang :
Just to share the recent survey by iproperty.com shows that most people buy property based on LOCATION first, price second….!
http://blog.iproperty.com.my/news-opinions/an-asian-overview-of-the-property-market-in-2013-h1/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=twitterfeed_blog_twitter

Cos our prices still cheap….. look that the report on HK….they place importance on price as their property prices are very high……so again….it is very subjective… take these reports with a pinch of salt

KC :@Wesley u can log in Dijaya website, the facilities is disclosed in detail. I am happy to see there are 3 roof top facilities.

I checked already, only show 1 roof top facilities, where got 3 roof top facilities.
Can you give me the link?
My question is, what is D Block roof top? Giant water tanky or facilities?

@Wesley
there are 3, in block B, block C & E, gym & sky Lounge.

@Penang Homes
Pai Chi

@Penang Homes
I always see the 2013 Penang = singapore in year 2000.

At that time , ppl still can own apartments of their choice but complained expensive. And now, majority singaporean own HDB flat. Landed , dont even think about it.

Do something now before the majority penangites own LMC flat.

KC :@Wesley there are 3, in block B, block C & E, gym & sky Lounge.

Then what is on top of Block A and D? Giant water tanki?

@KC
How do you know the roof top facilities is located in Block B & C? Why not A & D?
The floorplan for “Tower A/B & C/D Roof Facilities” did not label the Block# and direction as well.
Have you confirm with the sales ppl?

topenang :
@Penang Homes
I always see the 2013 Penang = singapore in year 2000.
At that time , ppl still can own apartments of their choice but complained expensive. And now, majority singaporean own HDB flat. Landed , dont even think about it.
Do something now before the majority penangites own LMC flat.

Penang property market probably = US property market in year 2007, just before the market meltdown and subprime crisis… if the electronic industry not recover/keep deteriorate..

@islander
Not confirmed. Just base on the observation on the site plan. U can see rooftop of block B, C & E got illustration of facilities & Landscaping.

Waterfish City :

topenang :
@Penang Homes
I always see the 2013 Penang = singapore in year 2000.
At that time , ppl still can own apartments of their choice but complained expensive. And now, majority singaporean own HDB flat. Landed , dont even think about it.
Do something now before the majority penangites own LMC flat.

Penang property market probably = US property market in year 2007, just before the market meltdown and subprime crisis… if the electronic industry not recover/keep deteriorate..

I feel so sorry for you for thinking that Penang’s future is tied to the electronics industry….oh dear…. you are really shortsighted…..the property market here is based on supply and demand…… most of the demand is coming from outside the island…..people all over Malaysia and abroad just want a piece of this wonderful place….Penang island is so great!! I love everything about this place and hope that I can one day retire and live here….. PS: I am currently abroad but have invested heavily on Penang!!! Yea!!!

@KC
I see… thanks.

@Penang Homes
Demand come from outside of the island?? since foreigners not entitle to this parcel 1A project, so you mean Malaysian from other states, right? If the electronic industry here not growing/hiring, where is the demand for subsale or rent the properties or price appreciation? Are you just want to hold the properties for fun and like paying the loan and/or maintenance fee for nothing (if you not going to stay here).

@islander
According to this picture.

www.dijaya.com.my/ourprojects/images/penang_world/ia_siteplan.jpg

@Pen
Ic Ic

Waterfish City :
@Penang Homes
Demand come from outside of the island?? since foreigners not entitle to this parcel 1A project, so you mean Malaysian from other states, right? If the electronic industry here not growing/hiring, where is the demand for subsale or rent the properties or price appreciation? Are you just want to hold the properties for fun and like paying the loan and/or maintenance fee for nothing (if you not going to stay here).

My believe in this great island is that it will have a great future…..I just love this place (always return during holidays…..hope to retiree here……)

KC :@Wesley there are 3, in block B, block C & E, gym & sky Lounge.

Is this good news or bad news for top floor buyer ? I booked a 1320sf unit in Block B..

Hi Any Block D buyers received calls frm lawyer to sign SnP? Understand tht thy will processed Block A and B first.

I booked D-15-06.

@PangCW
Don’t worry, they will call soon….
They call me for information clarification for snp preparation yesterday.
Mine at Block D as well.

@PangCW

Not yet. Block D buyer, still waiting …

Anyway, any one have any info of the refund criteria just in case there is further tighten on loan approval and cannot loan up to 90%?

A bit strange with sky lounge and sky garden only at 2 of the towers. The units at top floors will need to embrace the noise if some youngsters decided to party there at middle of the night.

Straits Quay is half dead, with only 20% occupancy. Light Collection not even completed. Why you guys so confident in Bay Residence, with no seafront?

… scratching my head.

@Raymond Yap
so which project you are confident?

@Raymond Yap

They are saying what they want to hear that sound musical to their ears.
(Paying for the future price = INVESTMENT)+(Many assumptions and
predictions = GOOD BUY).

Raymond Yap :
Straits Quay is half dead, with only 20% occupancy. Light Collection not even completed. Why you guys so confident in Bay Residence, with no seafront?
… scratching my head.

I don’t think you have been to SQ recently.

PG Guy :

Raymond Yap :
Straits Quay is half dead, with only 20% occupancy. Light Collection not even completed. Why you guys so confident in Bay Residence, with no seafront?
… scratching my head.

I don’t think you have been to SQ recently.

I live in Straits Quay

@Ah Kong
Good 1….give u a like. Dispose some assets, wait for durian runtuh.

I have extra unit PWC Block B 872 sqft (above 15 floors) willing to let go at 600k.

islander :
@Raymond Yap
so which project you are confident?

The Light projects by IJM is better than PWC by Ivory. The Light location is also better than PWC location.

Chan :I have extra unit PWC Block B 872 sqft (above 15 floors) willing to let go at 600k.

Still have units at Block C & D above 15 floors as well ~546k~564k.
Initial selling price for Block B for top floor ~ 542k, after 3+5% discount only 500k
Why need to pay you 600k?
You are worse than Ah Long!!!

islander :

Chan :I have extra unit PWC Block B 872 sqft (above 15 floors) willing to let go at 600k.

Still have units at Block C & D above 15 floors as well ~546k~564k.Initial selling price for Block B for top floor ~ 542k, after 3+5% discount only 500kWhy need to pay you 600k?You are worse than Ah Long!!!

Sorry, please ignore my comment. Overlook as 615sf. Pai Sei…..

islander :

Chan :I have extra unit PWC Block B 872 sqft (above 15 floors) willing to let go at 600k.

Still have units at Block C & D above 15 floors as well ~546k~564k.Initial selling price for Block B for top floor ~ 542k, after 3+5% discount only 500kWhy need to pay you 600k?You are worse than Ah Long!!!

BtW, Block B 16th floor 872sf was listed at 628k. After 3+5% discount ~579k.
So easy to earn 49k++????!!!!

islander :

islander :

Chan :I have extra unit PWC Block B 872 sqft (above 15 floors) willing to let go at 600k.

Still have units at Block C & D above 15 floors as well ~546k~564k.Initial selling price for Block B for top floor ~ 542k, after 3+5% discount only 500kWhy need to pay you 600k?You are worse than Ah Long!!!

BtW, Block B 16th floor 872sf was listed at 628k. After 3+5% discount ~579k.So easy to earn 49k++????!!!!

actually 21k++ (600k-579k); still a lot….
question: SnP not signed yet, how can you selling??

chan pls e-mail me at jasonchang2008@hotmail.com
thanks

@Chan

@chan pls email me aswell. interested buyer here.
syfeng1@hotmail.com
tis project reli hot!

@islander

@islander

The 3+5% discount is not available for all.
My unit is higher than 16th floor and only 5% rebate was applicable.
However still using 16th floor listing as comparison,
your comparison would be 628k * 0.95 = 597k
So at 600k – 597k, “profit” = 3k.

Anyway the real question is:
What is still available today from the developer and at what price?
and is this a better or comparable offer at 600k for a 872 sqft?

@Chan
so any reason to release your unit?
SnP not yet sign nor stamp.
Ivory allows to transfer?

I checked before, Ivory will not allow to transfer, this unit will be released back to the available pool.

@Chan

but i heard most people saying also 3+5 for block A+B???

another guy in other forum said he get the 3+5 oo….(bigger unit.. not sure for small unit)

@jelly

hard to say.. one day not sign snp or stamping..
as long as you know ivory person or may be their big customer, they can stop the lawyer to prep the doc and just put in another person name as long as both side agree.. the extra money may be under table kuk..
means transfer booking fee and get the extra bonus.

during the queue on the first launch on saturday.. some professional investor there did told me they will pick very good view/location unit and if there is demand, they will release before sign snp. err.. they did not mention how to do. but he did teach me “as long as not yet stamping” , all possibility is there.. buy now and if for any reason wanna let go, still can find people to transfer

Chan

My unit is higher than 16th floor and only 5% rebate was applicable. When did you booked your unit?

The SnP that going to sign is it the final SnP? I heard some says its just pre version, there will be another final version when we apply loan in Aug/Sept/Oct time frame.

Also, anyone knows if loan can’t get 90% and buyers can’t afford the 15% given already paid 5% earlier on and 5% rebate , can buyers get full refund (RM5000 deposit + 5% down payment)?

don’t pay anything until you are sure of your loan

Any buyers who cannot get loan but do not want to give up on this golden investment opportunity to own the property? I am willing to co-partner you to buy the property together. Call/ SMS 017 625 6031. Thanks:)

Any block A and B buyers being called for SnP pre-sign? Nobody call me yet…

@PangCW

I am first house buyer.. i am just thinking can we call all people pa pa lang go whenever need to sign any document, not much experience might not have the inteligent to understand all the tnc and yet sometimes no choice on sign or not sign.

i also heard this is just pre-snp and may be is some kind of temp agreement. Another project in ivory also did sign some document before but at last nearer to the date of snp, the layout, sf etc got change a bit and they will call all buyer to go n view their new allocation. price of persf maintain the same but final sf can be more or less.

due to the price per sf flip up, some people decide take bigger unit , some will take smaller unit as dun want to commit too much.

i got call ivory marketing dept ask the booking fee 5k before, they say can refund if loan rejected. (forget to ask the 5% pula… how about you call n let us know.. hehe)

lawyer firm called for signing SnP. Document is ready. (Block D 16 fl)

@tomyam
don’t understand your statement
“due to the price per sf flip up, some people decide take bigger unit.”
If price per sf increase, bigger unit will cost more, right?

Could somebody please show me this Sale Gallery and the Model of this condo ? cheers

@Nawat

http://dijaya.com.my/ourprojects/future_penangworld.php

Penang WorldCity Sales Gallery
Persiaran Bayan Indah,
11900 Bayan Lepas,
Penang.

islander :
@tomyam
don’t understand your statement
“due to the price per sf flip up, some people decide take bigger unit.”
If price per sf increase, bigger unit will cost more, right?

i think tomyam is referred to bigger unit comes with cheaper persf.

I was initially interested in the type-D, later decided to switch to Type-C. Noticed that the 3rd room in type-C actually is big enough to fit in queen size and a wardrobe. Type-D has a bigger foyer which to me is a waste of space. Of course type-D is corner, and has a better view.

5k is part of the 5%. Fully refund if cant get loan. This is what I am being told.

I was told also full refund if loan reject…but now the question is if we have presign SPA and paid balance 5%, then few months later we cancel booking (assume loan reject), do we get back the full 5% deposit?

@JJ

hi JJ,

I booked my unit on 11th Feb.

On that day, the Ivory sales agent informed me only5% rebate was applicable.
3+5% was only for first 100 customers when first launch to public on 8th Feb.
While 10% is applicable on first 100 customers but only for 1300+ sqft.
That was my info.

@islander

eg: price psf fix at 400 psf when you booking. (unit 800 sf) = 320k

after several years, market psf up till 700 psf, the last phase launch of this project also mark at this price.(i think many project phase 1 till phase 4 psf up a lot)

so now they gv you 2 offer
1) 700 sf * 400 psf = 280k (market selling 700*700 = 490k) immediate paper earn 210k
2)1300 sf* 400psf = 520k (market selling 1300*700 = 910k) immediate paper earn 390k

choice 1 still within your ori budget, option 2 will you paperwise able to earn more but whether your capability to get that amt of loan.

@Chan

really hard to find the 1st 100 customer.. may be a lot internal staff customer… hehe
i know saturday morning till lunch penang galary process about 2x number only.. >_<

friday heard many people queue from morning till late afternoon… but heard only sold to djaya customer.

@islander

yer!!! why my phone never ring before.. not even ask me any detail….
post us the latest news…

@jelly

they allow you to switch keh?

oh.. the 3rd room i thought can fit in single bed nia… or may be place in double decker..
i like type c master room, seems very big even compare to type d master room. can even do a jacuzzi there…

pwc do not provide jacuzzi facility there… but putra place did… hmmm…

i ask ivory person during gurney fair.. they told me the water pump is situated in high floor.

@tomyam

The sales person at the show room told me water pump is located at the bottom le…

after reading this thread, <5% for own stay. Is it a good choice for own stay?

Where have the slow room..I’m tomorrow want to see???
Got anything promotion for this….

You have to show bank reject letter to get full refund…

@momo
It’s your choice……

Any Type E1 buyer?

I wonder what’s the difference between E1 and E2

April :Where have the slow room..I’m tomorrow want to see???Got anything promotion for this….

http://dijaya.com.my/ourprojects/future_penangworld.php
Penang WorldCity Sales Gallery
Persiaran Bayan Indah,
11900 Bayan Lepas,
Penang.

But I am afraid you will be disappointed as there are not many units left.
However I have 1 unit 872sqft for sale.
Pls send me your email if interested.

according to sales, developer will provide DIBS and SnP legal fee.
Is there anything else?

how about the legal fees and stamp duty for loan portion? if buyers have to pay means can look use own lawyer instead of just chow tat seng.

But I am afraid you will be disappointed as there are not many units left.
However I have 1 unit 872sqft for sale.
Pls send me your email if interested.

Are you able to sell your unit before signing SNP? Would the developer let you do that?

Sorry. I meant to quote what Chan said but somehow deleted something by mistake. My apology…

Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

@PangCW
I will go to sign next Saturday as well.
Have you start to look for bank loan?

PangCW :
Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

don’t sign until u get a loan..risky

test :

PangCW :Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

don’t sign until u get a loan..risky

@test
Can you explain?

@islander

If you really like the location, thinking even though the plan might change, can wait 4-5 years for completion and think you can secure 90% loan, I don’t think you need to worry.

S&P which is not stamped is not bound by legal.

@PG Guy
Agree with you which the location was my 1st consideration plus freehold…give u a like!

@islander
Haven’t start yet still have plenty if time before Aug…

@PangCW
hai Pang what is your house prices?is type B?

@andy lee
Ya type b 542k since i choose 15th floor… How abt u?

i also type B block c 10th floor 528k , u also 5% discount only ??

@andy lee
Ya only type a and b got additional 3%.

@andy lee
Are you going to sign SnP as well?

Wow, my Block B Type B on 10th floor at 461k and I’m already finding it very expensive.
Your 528I is really beyond my imagination !

@元肖日
your 461k is after discount 8%??

@islander
no people call me..

Till now, they have not decided who is their panel bankers and at least 1 ambank which I know has not updated their system about this project.

andy lee :@元肖日 your 461k is after discount 8%??

Should be 3%+5% … The original listed price for blk B / type B 10th floor ~505,900.

Jerry :Till now, they have not decided who is their panel bankers and at least 1 ambank which I know has not updated their system about this project.

It doesn’t matter because they are not absorb the legal fee for bank loan.
As long as you can get the bank loan offer…..
Which block./unit you bought?

@islander

so you guys already start applying homeloan by only using the booking receipt plus those salary/income statement?

which bank you approach? i have ask hl and public agent and they said cannot loan now.

@PangCW

then very bad.. they are telling different story…
i purposely ask in gurney showroom.. normally it should be in lower floor but it is suprisingly told me it is in top floor.

@islander
block a. matters because dibs must be from panel bank, i may be wrong lah.

@Jerry
you are right…….

@tomyam
not yet, will ask the sale guys tomorrow….

Jerry :@islander block a. matters because dibs must be from panel bank, i may be wrong lah.

I thought all block entitle the dibs scheme?

all entitled as long as we take loan from the developer panel banks

PangCW :Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

I boght Type B too with 615sf. Now i found it a bit like low cost flat layout. The living hall is very small and the bath room door at the middle is like open in the middle of the living hall. Anyone have any idea, how to reno type B to make it look big (with 2 room).

PangCW :
@PG Guy
Agree with you which the location was my 1st consideration plus freehold…give u a like!

but a freehold with sinking land? ok for you?

101 :

PangCW :
@PG Guy
Agree with you which the location was my 1st consideration plus freehold…give u a like!

but a freehold with sinking land? ok for you?

then you should worry more on the light.
I think the land for bay residences is more stable than the light.

i have 2 units 615 & 800ish sqf (block A and block B) for let go. Anybody interested can email me. Premium 25k. f.c.f.s. no agent thx – — – – mercilez@gmail.com

skyl :
i have 2 units 615 & 800ish sqf (block A and block B) for let go. Anybody interested can email me. Premium 25k. f.c.f.s. no agent thx – — – – mercilez@gmail.com

Skyl. get lost

KinabaluBoy :

PangCW :Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

I boght Type B too with 615sf. Now i found it a bit like low cost flat layout. The living hall is very small and the bath room door at the middle is like open in the middle of the living hall. Anyone have any idea, how to reno type B to make it look big (with 2 room).

It is true, Type B is like Low Cost Flat layout. Lucky i did not buy Tyoe B

islander :

101 :

PangCW :
@PG Guy
Agree with you which the location was my 1st consideration plus freehold…give u a like!

but a freehold with sinking land? ok for you?

then you should worry more on the light.
I think the land for bay residences is more stable than the light.

Agree with you where I already considered that factor as well. The Bay Residence land has been there for more than 10yrs compare to The Light which I also feel shock they’re already starting construction within 2yrs time after they reclaimed the land…

Hi, just went to Ivory office to pre-sign the SnP. The Ivory staff, Mr Koay, said if loan cannot approve, can get full refund with minimum adminstrative charges. If due to whatever reason, we want to cancel the purchase, then the adminstrative charges will range from RM500 to RM1k. Loan can start to apply in around June this year. The plan should be approve by October time frame. Already got 5 confirmed panel banks. CIMB is one of them. For the rest, pls call Ivory to check out.

Hope this is helpful to all PWC buyers out there…

Scorpion :

KinabaluBoy :

PangCW :Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

I boght Type B too with 615sf. Now i found it a bit like low cost flat layout. The living hall is very small and the bath room door at the middle is like open in the middle of the living hall. Anyone have any idea, how to reno type B to make it look big (with 2 room).

It is true, Type B is like Low Cost Flat layout. Lucky i did not buy Tyoe B

It is only 615sf. Nothing much to layout like larger unit.
The door facing the living room is to ease the ppl from outside the bedroom.
You may renovate to close it permanently or swap the location of the TV and sofa.
So you can avoid the door when you watching TV.

I also asked about if layout plan change, what will be the impact to buyers. Mr Koay said if layout changes, buyer will still get the same price per sqft. You can choose to buy back the same type, smaller type or bigger type. But the price per sqft will be the same. And if let say you don’t want to buy due to all same or smaller size units are grabbed by other people, can you terminate the SnP without panelty. If you are the 1st batch of buyers, you will get the privilege of choosing the units first. It will base on the past sequence to be fair to everyone.

Jj :
Hi, just went to Ivory office to pre-sign the SnP. The Ivory staff, Mr Koay, said if loan cannot approve, can get full refund with minimum adminstrative charges. If due to whatever reason, we want to cancel the purchase, then the adminstrative charges will range from RM500 to RM1k. Loan can start to apply in around June this year. The plan should be approve by October time frame. Already got 5 confirmed panel banks. CIMB is one of them. For the rest, pls call Ivory to check out.
Hope this is helpful to all PWC buyers out there…

Thx a lot Jj for your info, this is really helpful. I’ll asked them to confirm the dibs scheme is it must use their panel bank or not necessary later when I sign mine SnP.
islander :

101 :

PangCW :
@PG Guy
Agree with you which the location was my 1st consideration plus freehold…give u a like!

but a freehold with sinking land? ok for you?

then you should worry more on the light.
I think the land for bay residences is more stable than the light.

Agree with you where I already considered that factor as well. The Bay Residence land has been there for more than 10yrs compare to The Light which I also feel shock they’re already starting construction within 2yrs time after they reclaimed the land…

islander :

Scorpion :

KinabaluBoy :

PangCW :Jz received call frm ivory sign SnP next Sat. Blk D 15 06.

I boght Type B too with 615sf. Now i found it a bit like low cost flat layout. The living hall is very small and the bath room door at the middle is like open in the middle of the living hall. Anyone have any idea, how to reno type B to make it look big (with 2 room).

It is true, Type B is like Low Cost Flat layout. Lucky i did not buy Tyoe B

It is only 615sf. Nothing much to layout like larger unit.
The door facing the living room is to ease the ppl from outside the bedroom.
You may renovate to close it permanently or swap the location of the TV and sofa.
So you can avoid the door when you watching TV.

Type B is studio apartment concept where nowadays already popular in KL and Klang Valley, hence, cannot compare to the low cost flat….

@Jj
Same price psf means the prices psf tied with the unit type during launching, right?
I bought 615sf with 800psf now (while 872sf ~ 750psf).
Let say the layout changes, then I choose larger unit 872sf and the prices is based on 750psf?

Islander, that is a good question. I didnt ask about this. Perhaps somebody can confirm this when go to sign…

jj, thanks for the great info sharing..when you presign the Snp, you have to pay balance 5%?

if buyer is undecided at this stage, it is still better to presign? (becoz max penaltyis 1k)?

@PangCW
that is it redi, who ask you follow the crowd. ppl buy you oso buy, already stated it is 615sqfeet, you oso can’t wait jump into it. >500k for 615sqfeet, congratulation !!! hahaha

Yesterday checked in Mah Sing sales office, Southbay Plaza still got units available. 1200sf selling at 9xxK. Not sure how long Ivory needed to sell PWC.

Is Southbay Plaza of PWC a better place? Southbay looks lower density and better design?

@pwc
Yes, have to pay the remaining 5%. The penalty charges is base on verbal discussion. Not stated in any of the documents. Not sure if you can trust them.

Jj :@pwc Yes, have to pay the remaining 5%. The penalty charges is base on verbal discussion. Not stated in any of the documents. Not sure if you can trust them.

Let see what is stated in the SnP first…

Jj :
Hi, just went to Ivory office to pre-sign the SnP. The Ivory staff, Mr Koay, said if loan cannot approve, can get full refund with minimum adminstrative charges….
Hope this is helpful to all PWC buyers out there…

Hi, they will refund if loan is rejected by ONE bank only? Some of developer needs at least 3 banks?