700 per square feet for high density… Not cheap

is about 600k for 850sft.

PTS@The wave seen more worth than this 1…

@123
How many units in this project?

Cheapest 595K, before any discounts/rebates. Cheapest could be lowest,east west facing, non seaview. Need to have floorplan and site plan to be certain of the units condition.

yes, I believe AG will have different pricing for different conditions as well.

islander_ori :@123 How many units in this project?

Total units 500+…

If confirmed unblocked sea view, people will prefer this one than TBR since the pricing is similar. Now waiting for more info on early birds promo.

The location map above is not precise.
Look like it is at the right of TBR (beside LCY expressway).
It won’t be 700psf for direct seaview.

wow……BUY BUY BUY~~!!!! when launching date? I will pay $$ to bangla to queue 1 week ahead…..hahahaha :p

Wow! RM700psf. I can sell my 850sf apartment at town for RM600k now?

@Jay

Your low cost at town cannot fetch that much.

@ks-rev

You plan to invest how many units?

Blk B left big units 1700sqft. All smaller units sold out. Investor club have purchased a bulk of it already. BLK A around christmas time.
Big units got direct seaview. Psf around 700psf.
Package includes 6.5% rebates, DIBS, free legal fee for S&P and stamp duty.
The rebates will offset the price of the house which after that buyer need to pay a solid 10% dpymt base on after rebate price.
So prepare 100k for whoever wants a 1700sqft seaview facing units.

Investor club again..

the greedy developer and stupid speculator going to caused the property crash very soon, this will only cause unnecessary bubble creation. Not are healthy grow for property market.

Sure got sea view? According to Penang World City plan, more land reclamation in front …

I wonder which investor club again.. may be next time we should join..
else we can’t fight them…

Wait and see, this investment similar to other scheme “cepat kaya” , anything happen to property market those stupid investor club member involved in this activities one by one will start to make complaint to BNM, ,,,,,will tell story how the trap in this scheme and cheated by the Sifu.

pls read today news on NST with title “BNM status quo on property curb” good article abts our current property market from differents observer.

And yet they dont have the means to launch Victoria Bay yet. What a joke. Serious doubt on this company.
Also, what happen to the guy “lol”, who claim he is from this company and the price psf is 900psf?

wah~ 24 floors for 19 units per floor with 7 lifts! tower b fully booked left 1700sqft
omg~wat happening!

the clovers of this company not even start running, some ppl wait for more than 1 year still havnt sign snp

hmm..developer said not yet official launch but can register and see concept in the office only.
there’s no 850 sq ft unit ler !!! this site information is not accurate!!!
they are proposing free legal fees on S&P only..where got stamp duty?
Also… they said some agents are selling their project without their acknowledgement!! better watch out some ppl trying to cheat our money..better check with the developer first than go through the agent…
they said they only have KL members for tower B…something like that

haiz

now trends from developer is let off for booking 1st or internal sales , so u cant see the great scene of queueing up from bangla anymore ….

happening in kl nowadays in penang….

they explain like that la, sold to kl members?!

u can check on iproperty.com.my, some new project are selling by property agent, shud b their belongs company so called bulky buyers purchase a few units or many units and let their agents to handle the sales….. one of new project in kl like aragreens residences is doing business like this way….so for sure houses price keep hike up

According to sales person, first tower all fully book, anyone in penang purchased the first tower, Secord tower open for booking from this week onward,,developer offer bulky purchases with better deal with discount to Kl members. The left over expensive unit offer for penang ppl. Now kl speculator are join the club to marked up penang property.

@aaaa

then no more 700psf??

@islander_ori
don’t buy, this developer clever use of sales tactic: fully booked, 90% sold out or block the better view units etc. Sick.

everybody wanna buy condo for own stay or investment, pls look at Woodsbury by PJD, launching this Sunday (8 Sep 2013), good reputation developer won’t block or reserve good units, all open for first come first reserve buyers to book.

@ABC
Woodsbury @ Butterworth open for preview (invitation only) on Sat (7/9/2013) for those registered earlier, about RM400psf, will go to have a look tomorrow.

Asia green requires a solid 10% dpymt, which in my opinion, Asia Green really in need of money. After mark up 6.5%, they rebate 6.5% for you. LPPL.
I personally like NEW seaview condo, but Asia Green reputation seems to be really bad in my view from their incapability to even start The Clovers. Itu belum stamp, ini mau launch. End up 2015 Jan only can sign and stamp S&P for QWR.

On a separate topic, despite all the rumours of DIBS will be abolished, still this project offers DIBS. Even Zeti said on behalf of BNM that no further coolong measures since the tightening of LTV limit from banks recently. DIBS is here to stay so like it or not, utilize it la..

Anyway, i dont know how many units available in BLk B. for the investor club to sapu all is almost impossible. Somehow I believe this is their tactics to make people sapu the big units first, followed by a structure released of smaller units to ensure 100% sold out. Std reason would be loan rejected and whatever crap you can think off. For those who insist on buying.. Just wait, keep an eye on the sales chart everyday.. Till opportunity arises to get your smaller units. Same for BLK A.. Though havent launch.

The price is still cheap, no surprise if investor club sapu all small units! Can buy The Curve Condominium opposite to this one, the price should be lower than RM700psf.

Our economy is shaking, beware of project adbandonment half way the construction. Many things can happen in the 3 years period.

Better play safe at this point of time, or regret for the rest of your life.

Buy for own stay ok..Don’t buy too much unit for investment..Economic is not stable as for now..

Those property now will be affected if economic became bad, from this month onward till end of 2014 QE tapering will take place, our currency will go down further, so thinks twice if u buy for investment.

“The unprecedented soaring high property prices are not something accidental or simply due to natural market forces at work as they want us to believe ….
This is perhaps one of the biggest conspiracy in the making against the people, the unprivileged, the poor and the homeless …
a manifestation of the deep-seated endemic corruption among the corporate entities and authorities …. “

Anyone know Sandilands at Georgetown? There is 1 unit at 7th storey of 24th storey facing river, about (rm555psf) with 2 car park. DIBS and free lega fees on SPA.. Worth to buy? Or I can find better?

Actually I’m keen in landed hs…

@DL
19 units per floor ? omfg…

There are already a lot of properties stuck in sub-sale market.

For example, there are a number of Semi D and double storey terrace corner houses have been on sales since 2 years ago. (Jalan Kenari, Lengkok Kenari, Lorong Kenari, Tingkat Kenari and Cangkat Kenari)

That is the current indication of sub sale market.

SP Setia Semi D also dropped from above RM1.65M to RM1.58M already.

@Rich Man
i just buy property from good reputation developer, the name of developer that never heard before, even offer very good & attractive discount / promotion, i will not buy too. When economic crisis, they just simply abanoned the project.

Those are really looking to own a house at penang island..must remember “Location is the most important”..

Always first thing is “Location”. Bad economy even might not have huge impact for prime location property. Example: Georgetown, Tanjong Tokong, Gurney Drive, Pulau Tikus, Batu Ferringhi those area are huge demanding area in market due to Prime location.

@min
Currently Condo is more easy to resell compare to landed property.

Especially for those 1000sqf to 1500sqf..Quite easy to sell in subsale market. If located at prime location even easy to sell..

previously yes …. but now there is oversupply , too many empty condos already … price will fall ..coming

yaya.. dont buy.. price fall soon.. just wait

2 car parks even for 850ft. 700psft before rebate. Sea view. No wonder all small units taken up by investor club…

Just beware that this area will have more than 20k units of apartment once fully developed. Even in the best location in Penang, it will be messy when you want to dispose off your unit..

@truth
I hope the price will fall..At least for those who yet to own a property have an opportunity to grab a unit or what ever can be done during that particular period of time. Hi, can you share the potential of PTS condo & 128 tropicana Macalister condo price will price after that due to oversupply? Both are located at perfectly center of Georgetown..However base on subsale market right now..seen like Condo@PTS price increasing toward RM700k soon end of this year.And Tropicana 128 macalister is RM1000psf..Are you think both condo price is going to drop after?

@yo

PTS and 128 both are struggling to get sales and subsales. The developers are bleeding badly every second.

Why not buy THE VIEW instead of this? Low density 3 units per floor. a nice unit middle high floor facing seaview and penang bridge can buy for around 500 ringgit psf. Low floors even cheaper. And it is half the price of LIGHT POINT. I think it is a great buy compared to new launches.

@Kent
Can you be in detail since i was wonder you will say PTS are struggling in subsale? I hear that phase 1 was very good in subsale market indeed? Interested to know why u will say they are bleeding? TQ

Speculative: Those who buy to “flip” and make money against everyone’s
interest except their own.

This is a “ticking time bomb” and immediate government measures are needed. The
government needs to take proactive measures to stop the steep rise in property
prices due to false demand and excessive speculation fuelled by easy mortgages
and the low Real Property Gains Tax or RPGT.

@Carmen
Please stop using google translate. Its hard to understand what you tried to convey. Why not type in the language you are comfortable with rather than forcing yourself to type in foreign language? Just a suggestion.

@Kent
Why would developer suffer if its already in subsale?

Most of the developers can tahan the bleeding because they made a lot of money is the past few years and most importantly is they have their financial controller to retain the profit.

It is the average wage earners cannot tahan the bleeding.

Even though they made money in their previous investments, they spent the money (profit came too easy) or reinvest (greed) into other property (even higher in price).

@max
Personally i stay in one of condo@PTS. Looking good on that.

For those greedy sure will suffer as the subsale market already slow down significantly..For own stay cheerssss!! No interest to play all this kind of investment and make easy money through this.

@JT
Ivory actually work quite for their management to drive for save cost for PTS condo. For me it is really good for investment actually. PTS condo currently is residential title as developer already change it from commercial title. If go for commercial title sure very expensive. Fine and nice developer actually for me.

When most of the businesses in PTS moved out or out of business for the last 3 years, don’t tell me the location is good for investment.

I think PTS is poor condo and poor location

If you think this place is good, you clearly need to open your eyes. The inside is so cheap and nasty, how on earth Ivory think people will buy the future phases is beyond me

@stevie
It is already wrong when u start keep saying PTS condo is bad..Time will tell later on..Wait another 3 years..I have confident PTS will be retained it shine again..when all phase is completed. And for your info..”Phase 3″ now only left less than 5 unit which all is 1M above..

@stevie
Poor condo?? Wrong.
Poor location?? Even wrong.

Condo management at first in ivory was not in track and bad i agree with but however JMB have improve after that. Look ok for me now..I am not owner..just investor which look around.

Poor location..does not make any sense…this is definitely crazy..PTS is located at one of the best location at center of Georgetown…Best for those who want to stay in city..

@Kent
Starting next year january onwards..PTS condo..price will up significantly..around 20%.Now many owner was waiting onhold at hand..:)

Go and figure out why…We just wait and see..:)

@Roger
@JJ

PTS was proven bad location for the 3 years. What makes you think it is so much different now.

@Kent
You should say Best location but with poor Ivory management…I agree with this 3 years ivory management doing very bad. But next year onward is totally new path and direction for time square already. January onward you can slowly see the PTS condo very worth to invest. Now many of owner hold their unit from selling also..till next year january..We can wait and see what is the output next year

@Kent
You should say Best location but with poor Ivory management…I agree with this 3 years ivory management doing very bad. But next year onward is totally new path and direction for time square already. January onward you can slowly see the PTS condo very worth to invest. Now many of owner hold their unit from selling also..till next year january..We can wait and see what is the output next year

@Kent
Depends on your definition of good location. Majority of real Penangites do not like Bayan Lepas area. They stay around Air Itam, Tanjung Tokong, Georgetown, Gelugor etc. But immigrant penangites, especially from neighbouring states loves bayan lepas area for the fact that the property there is cheaper. So I would say, it boils down to whether you are born and bred Penangites or those immigrant worker from other states.

PTS still the best place for condo living at city..Very nice..But need improve for the shopping center..

@Roger

Your argument is not convincing at all. I never heard of bad company for the last several years can suddenly become star developer. You are putting your bet at the wrong place.

Kent :@Roger
Your argument is not convincing at all. I never heard of bad company for the last several years can suddenly become star developer. You are putting your bet at the wrong place.

@Roger

Let’s face it, PTS shopping mall is a huge failure. Even the own investor from Ivory staff told me they regretted investing in PTS. All of the sudden by next Jan will boom? Am I missing something here? Roger, would you like to explain a bit more why you say so? Perhaps something you know which we all don’t. Alot of people here thinks that the success of the condo very much depending on the mall. Something going to happen with PTS?

@Bryant
I have a customer who invested in this PTS mall previously and to his regret he sold off the shoplot at a loss. The shop lot is a failure but then again the residential unit should be ok.

my friend own a residential unit there and feedback all is nice and ok.
but the shoplot itself is a bit terrible… until now i still see a lot of shop is empty. only the ming yuen restaurant seems doing good as it provide good parking space n nice design for wedding occasion and some little shop in lower ground selling food.

ivory should really think of something to help the project up again.

In future, Penang waterfront City will have The Light Collections & Queensbay Mall in both end.
I can imagine my family outing by cycling or jogging among these scenic areas. If i invest now, i hope to enjoy price increase for every new project launch ! Heard that there will be new road (connecting the Light Point). Any market corrections shld be good opp. From 700-800 psf – to 1000psf (Strait Quay) is still good invm. Ya, buy 1 st then wait for another 1 when market bottom, that;s my strategy.. . sell both 5 years later and buy seafront villa…

@PositiveThinking
Perhaps it goes all the way to southbay city too.

@PositiveThinking

Haha.. you are cash rich.. after get 1, i dun think even market bottom i manage to get loan for the 2nd one..

@Kent
As what i say is just that simple. Wait next year then only comment..Lets see together..:)

@Banglasia
What you say is correct. PTS shoplots is totally a failure for phase1 shopping center…But for residential phase1 &2 they doing not bad actually and as you can see the price is climbing up to 700k above by this dec very soon..

Personally i stay at phase1 of PTS. For me, the shopping mall downstair is a failure for Ivory as they unable to invite more and more international branded company to PTS. Perhaps it will be happen at “the wave” phase 3. I hear AEON jusco, international brand company going to be in and fill up the shopping center at phase 3. Mc Donarld going to move in the Birch house also earlier of 2014. I believe with this will at least help PTS to retain it shine again..

As for Condo residential unit..I feel overall the phase 1 &2 condo is doing quite well..and occupy rate also pick up very fast. Ivory change from commercial title to residential title for all condo unit…fair developer to me. I believe investment at residential unit is good far to shoplot..as the average increase rate of condo price is around 10% for PTS. Expected the surrounding will experience price with increase rate 15% yearly when “The wave” phase3 ,4 and hotel start to kick off the job.

Personally i stay at phase1 of PTS. For me, the shopping mall downstair is a failure for Ivory as they unable to invite more and more international branded company to PTS. Perhaps it will be happen at “the wave” phase 3. I hear AEON jusco, international brand company going to be in and fill up the shopping center at phase 3. Mc Donarld going to move in the Birch house also earlier of 2014. I believe with this will at least help PTS to retain it shine again..

As for Condo residential unit..I feel overall the phase 1 &2 condo is doing quite well..and occupy rate also pick up very fast. Ivory change from commercial title to residential title for all condo unit…fair developer to me. I believe investment at residential unit is good far to shoplot..as the average increase rate of condo price is around 10% for PTS. Expected the surrounding condo will experience price with increase rate 15% yearly when “The wave” phase3 ,4 and hotel start to kick off the job.

@Roger

I agree. PTS and its developer Ivory has to prove themselves first that they can bring new life to this place. Else no one will believe what you said.

218 Macalister on the other side developed by Tropicana is doing extremely well, all lower floors were sold during soft launch and the price is much higher than PTS, what it has that PTS do not have???

For me, 218 macalister & PTs both are rather similar style. But 218 macalister is much more expensive..And PTS still under market value..Both have it advantage as well..But to say stay in city, i still prefer go for PTS since it is exactly center of city and every with walking distance. However 218 macalister also not bad..As for now, i still feel PTS good for own stay as the price still very much to grow in couple of years. —>Although the shopping center poor management by ivory.

@Felicia

What 218 has that PTS doesn’t? You have asked a very good question, and I believe if you go through FACTS, you will not find an answer. You’d have to throw in words like “speculation” and “insider price manipulation” and “soh hai” in order to complete the puzzle…:)

@Wilson

I agree with you. PTS shopping centre is, in a way, not properly run. The problem lies in not only the way it’s being run, but probably also the way small lots were being sold to individual buyers from day one. No reputable international brand would want to setup shop there and risk having a DVD shop open next to it the next day. That’s why the contrast between Paragon & PTS…:)

Other then the shopping centre, I believe those who attended the “1st AGM” in Birch Regency would have realized by now there will be bigger issues moving forward with the sustainability of the condos at PTS. Issues related to their strata title, shared facilities, sinking fund etc, whereby everything is essentially being shared between the condos and the shopping centre. If the shopping centre fails, the condos will die with it.

(1) SunShine Super Market moved out (the highest escalator i personally have ever seen)
(2)Ah keat sea food restaurant moved out (Initially the food/service was good,then when they introduced the special promotional menu…..the food taste/portion dropped)
(3)The heavily promoted and beautiful Food Court, even with a specially purpose built escalator to go up also failed to sustain business……

Honestly, what a pity for PTS.
People bought the initial Birch Plaza/Regency because of promise/hope. I remembered there is a big LRT Train Head in their big sign board as PTS is supposed to be a LRT station……
After all these problem, The Wave is not really a good choice, sorry to say this.

That is why people Q up to buy Penang World City 1st phase although there is nothing yet to show but there is much hope/promise…….

@Kathy

@condomana
Most probably PTS need 3 to 4 years to complete all the development of entire project. Phase3..4 and 5 probably is the hope for PTS to retain it shine back and value. Phase 3 shopping center should have chance to doing well since “AEON jusco ” and some international branded going to take over. Mc Donarld also along the way now. Perhaps this improvement we can wait and see hw PTS going to be in next 3 to 4 years time.

Condo parking at PTS is the most concerning matter need to be solve and address. Birch plaza and regency both condo are sharing the same floor of carpark with only 1 way of track to up and down. It is quite congested actually. As for internal side condo housing unit facility i still feel quite nice on that. Anyhow, I still feel that currently PTS condo price was around 650k++ and potential to grow still very much to go as phase 3,4 and 5 still plenty to develop. 650k condo at center of Georgetown city is very reasonable price..Can not find anymore inside the city actually. However, we still can monitor the improvement to come for PTS.

I noticed there are property still under construction already up for sales. ie. Clover, Scott Residence, Golden Triangle, Elite.

It is an indication that,

1. Not all the investors have strong holding power.

2. Some investors have started to feel panic.

I noticed there are properties (still under construction) already up for sales. ie. Clover, Scott Residence, Golden Triangle, Elite.

It is an indication that,

1. Not all the investors have strong holding power.

2. Some investors have started to feel panic.

@max
Not necessary, I have done that a few times in the past, let you tell you why. There are 3 scenarios:

1) Property under construction and nearly completed. Sell at this time to avoid high competition during o.c.
2) Flip immediately after placing the booking. Earn quick cash, this tactic especially useful on those “hot” property where people queing days and night in order to get one. Since it is so difficult to get one, there ought to be desperate buyer out-there willing to give you incentive just to get the name transfer. The tricky part is developer needs to give the consent, but for seasoned investors there is always a way.
3) Property in the middle of construction. Since the transaction can only be materialized after o.c anyway, the only advantage is to collect the deposit. This tactic is suitable when you want to secure profit on the existing property, meanwhile use the deposit to invest in another projec.

I just don’t feel that there is a “panic” mood in the market right now, not just yet. People are still optimistic and want to invest whenever there is opportunity arise. Trust me most of the home-owners/investors currently are still speculative about how much proprty price going to rise and not the other way around. Malaysian, especially penangites are cash-rich and they will not back-off so easily, this is especially true when they see no point putting money into bank for the 3% FD instead of property which giving solid return as evidenced.

To me I think the only situation which will really cause a panic in the property market is the hike in interest rate. This will the the straw that breaks a camel’s back.

Wilson :
@Kathy
@condomana
Most probably PTS need 3 to 4 years to complete all the development of entire project. Phase3..4 and 5 probably is the hope for PTS to retain it shine back and value. Phase 3 shopping center should have chance to doing well since “AEON jusco ” and some international branded going to take over. Mc Donarld also along the way now. Perhaps this improvement we can wait and see hw PTS going to be in next 3 to 4 years time.
Condo parking at PTS is the most concerning matter need to be solve and address. Birch plaza and regency both condo are sharing the same floor of carpark with only 1 way of track to up and down. It is quite congested actually. As for internal side condo housing unit facility i still feel quite nice on that. Anyhow, I still feel that currently PTS condo price was around 650k++ and potential to grow still very much to go as phase 3,4 and 5 still plenty to develop. 650k condo at center of Georgetown city is very reasonable price..Can not find anymore inside the city actually. However, we still can monitor the improvement to come for PTS.

Enuf la….
AEON Jusco, branded to come ….? Sunshine also run away, a local supermarket also cannot tahan la. You must be kidding.
Mc D comes because Drive-Thru as the current Developer office is by the road side, ask Mc D to operate from inside, I think free rental, free utility, also don’t want to come

Technically, Mc D does not come to PTS you know. Any similar size shoplift along that Jalan Air Hitam will be ideal for Mc D
Wait for 3-4 more years?……why not, wait for 10-20 years 😀

True, only the hike of interest rate will cause panic in property market, not so much from RPGT. If Bank Negara impose high interest rate, all sectors will be affected, many co will go bankrupt. Thus foresee interest rate will only go up gradually.
Heard that BN is going to pull back DIBS, but developer just have another
“substitute”. It is healthy to have some correction, in fact many waiting for that moment to come. But past record show that Penang will only stagnant due to strong holding power. Bank normally very conservative in valuation, I wonder how bank approved loan for projects which is so over-priced? Though seaview, still hard to believe/accept Batu Maung project worth RM1300psf?? Batu Maung price = Tanjung Tokong price.

Leave your contact /email if you are interested in QuayWest.
I will contact you. Cheers.

Anyone interested in QuayWest,
call/whatsapp 016-4750441

@Hikato
Brother..Please make your study before open your mouth. No point at all with just open your mouth talking non sense. Currently ivory already tie in AEON Jusco for phase 3 that is 100% truth. I am not invester or PTS owner. Personally i stay at pre war house in front of PTS also..I hear that news also..I am not going to say PTS is permanently fail..but somehow we will know the result during all those phase completed. Anyhow still in georgetown city so the value still can be seen.

@Hikato
AEON Jusco going to come..that is the truth..This is the main root cause of phase 3 kick off time job to build phase 3 is been delay as ivory was going to tie in jusco and international branded to fill up all the slot of phase 3..Air itam won’t be have another Mcd because farlim already have..:)

Yeah :@Hikato AEON Jusco going to come..that is the truth..This is the main root cause of phase 3 kick off time job to build phase 3 is been delay as ivory was going to tie in jusco and international branded to fill up all the slot of phase 3..Air itam won’t be have another Mcd because farlim already have..:)

Any comment about few years a go,during preview/project launching, every one said Elit Heights in Bayan Baru (In front of D Piazza ) already tied up with AEON Jusco for its commercial component , everything confirmed and the building will be special purpose built for the mall, but now, I heard AEON Jusco is not coming to Elit Heights……..Any Comments please

@Hikato,

Funny you mentioned free rental. I have good news for you! Owners ARE actually offering FREE RENTAL for Phase 2 shop lots, 1st floor and above….:). Yes, it is that bad!

@Paris,

Interest rates is not a tool to control property price, property price is just a byproduct of interest rates. RPGT is a tool to minimize short term property speculation, but the gov has not effectively used this tool so far. So interest rates and RPGT should be viewed separately.

@Kathy,

Have you not lived in Penang long enough to realize that property sales consultants here would practically say anything just to fire up your wild imagination…:) Sometimes, gullible consumers filled with greed are partly to be blamed themselves.

The KL Property Index has fallen 17% since May… For those of you who are ignorant enough to believe property prices only ever go up let me explain to you what this means… This means that the market is selling off property stocks as they correctly believe that the development companies are going to have negative growth… which means they will struggle to sell all those over priced developments… this will translate into the property market when all those speculators who tried to make money out of thin air realise no one want to buy from them on the sub sale market… I smell a 30-40 % correction coming (lips licking)…

It is enough to scare away the investors even if the prices do not drop (stagnant)

On top of that, they have to pay loan interest and maintenance fees.

Keep the money in the right fund/share will generate return of 6-7% annually.

@max

@Economic Crisis
Now is not the right time to step in to the property market anymore. Again..long term investment ok…but to make fast money with handover before OC obtained..please forget it…you will suffer later on..Everything is not easy. As for now..those who want to invest in property advisable just invest for only 1 property is more than enough but according to our financial ability. Anything also can happen..we don’t what is going to happen next also in next 3 years time. RPGT already going to anounce in budget 2014 with high percentage to control over speculation in the property market…DIBS really don’t going to have or not more in next years…

This project would be a failure project…

Hi, can someone post how much does one pay for 728sqf? is it controlled by the state government?

@Daniel
any reason behind?

Hi, QuayWest sea view lot, if anyone intrest can contact me 0175922663

@Liu
Who are you? Saleman?

@Liu

Any seaview unit below 600k?

@tomyam
you can refer to my comment in TBR forum as well. Because I actually analyze slightly in detail on QWR potential. There is no seaview unit below 600K if I am not wrong. Corner seaview units of 1200sqft sizes all taken up by investor club. left big units – 1744sqft with direct seaview. unsure if this units still available as of today.

The seaview of QWR is never guaranteed. .if you look at overall pwc plan, there will be further reclamation at the location of current jetty.. what developer build in future is still unknown. . it will be sad to pay seaview price and later see another building in front..

Means Pulau Jerejak Jetty will be demolished?

I think pwc meant in front of the jetty where the land will be reclaimed and develop with unknown structure/building. So potentially QWR seaview will be blocked as well. But to what extend is unknown.

i just wonder, if same price, same psf, all both no seaview, can be say PWC better than QWR due to QWR is even more high density than PWC.
(Oh, the only important point is QWR came with 2 car park… which is disadvantages for those <1300 sf unit in pwc)

@tomyam
You do realize the proximity of these 2 projects are on the same piece of land that Ivory was suppose to develop.

What they did here was sold the front portion of the land to Asia Green to develop instead.

So what difference does it really make in terms of density? Everyone is going to use the same road, everyone is going to be looking at one another at such a close proximity.

@tomyam
QWR will have confirm sea view for higher floors. That is for sure. I have seen the master plan.

@lol

oh.. when i say density means how many total unit in 1 floor or building. like how many unit sharing the lift etc. I wonder if ivory selling the land more expensive to Asia Green, they might squeeze more unit into it.

Anyway, i wish both project is successfully and not in a compete mode. Then future env and value is better.

dear admin,

Could you please share the master layout plan of this project? I believe many people would want to find out where exactly this quay west is located, howis it going to affect TBR, and adversely how the future development from PWC my affect QW.

This would help us to make decision whether should invest TBR or QW.

QWR difference with pwc(TBR) are having affordable units, higher density, direct seaview units for biggest unit only (which is difficult for resale since quantum is higher, and BLK A will be even higher psf), non confirmed unblocked seaview for lower floor units.Since it is a C or U shape building with proximity so near, you’ll be able to see your neighbour doing their business at home easily. One thing for sure, investor club has purchased a bulk of QWR and individual investor will be having hard times competing with these investor club as they have more choices and bigger network to make profit and they have more discounts.

QWR is having an advantage over TBR in terms of proximity towards the sea. Seaview (direct or side) is another advantage for now.

No offence to anyone or anything, but what do you guys think about affordable units placed with luxury condo? QWR is having this, iconic skies as well and seems like a trend in future condos to have such arrangement due to govt regulations?

@huat, you made very valid points. .. from investment perspective, investors prefer not to mix affordable units within the condo as this may impact value, no offence pls.

@HUAT

Yes, this is new Pg government rules that to have affordable home on each project to cater for those 1st home buyers. This is what I heard from developer. Maybe we can take QWR & IS to do the calculation, then will know how many % need to cater for affordable home per project.

Fully support this arrangement, nothing wrong with this but need to ensure the affordable home are given to correct or targeted group, 1st time buyer, hope no undertable, affordable home is not LMC unit. Good for youngster and graduate will afford to buyer tcis unit, who know the affordable home applicant can be your son or daughter, anything wrong you own son or daugher live same condo as you purchased.

So if land is an issue, then developer shall lump the affordable units together with normal priced units. We can see if Tree Sparina or One Imperial will have such conditions to their future phase launches as well. Will be interesting because their initial plan may not have these units catered in. How about The Clovers? Anyone knows this condo has affordable units as well in their latest 3 blocks condo (previously 4 blocks)…?

To me, it is ok to have affordable units together just that the disadvantage are the contribution to higher density. It is obvious for QWR where BLK B density is higher compare to Blk A which doesn’t have affordable (smaller units).

@jo
Problem is, these affordable units are being abused. So far I “heard” only.. So nothing concrete yet about non eligible buyers are able to get their hands on these units are at a slightly higher price. Sad, but might be true. What to do? Your son or daughter are competing against these kind of selfish people out there who only wish to manipulate the market for their own gain.

of course the greedy investor dont agred with this arrangement, goverment need to deliver promised to work with developer to built affordble home, must make this as requirement similat to low cost and lmc requirement, the greedy developer and speculator caused many ppls not afford to purchase home nowday, i hope our state or fed goverment no more be best friend of developer or greedy speculator. Do something good for those ppls vote them, without Rakyat no goverment ok.@pwc

As long as speculator around any home can be abuse, low cost , rent to indonesian,Lmc to vietnamese, affordable home to myanmer, expensive double storey house to banga, and luxury condo for nigerian, anyone can abuse any kind of home not only the affordble home. YOU AS OWNER OF THE PLACE HAVE RIGHT TO COMPLINT? @HUAT

is that true Quaywest offer affordable home for first time buyer, i thought only the clover having this unit.
What the sqft and price for affordable unit.

15% of units less than 200k, 20% units less than 300k, irregardless of size. All new projects should contribute their share to affordable home. If you build low cost flat on your land else where, that also considered contribution.

@buyer

If Asia Greens build low cost flat next to Clovers, QWR might not have affordable units.

@Rakyat

Everyone is entitled to buy those affordable units, only low cost flat will be allocate by state.

according to sales guy those first timer buyer, less than 7k monthly income onlt can apply for affordable home, they ask for IC and payslip for verification, cannot be everyone entitle, what the purpose of affirdable if not go to right group of ppls. If like this dont call affordable. Just make ppls confuse@lt

These affordable units will be a competitor to other units within the residential after 5yrs on sub sale and rental (if we compare after the legal time frame). If it is true the selling price is at a low quantum, for sure it is worth it since you do not get such property at prime location anymore. Even though it does not come with car park or basic tiles, it does not matter as well because it is still cheaper after you bought the car park and Reno.

@buyer

Less than 7k monthly salary is for PR1MA house. If the project is built by PR1MA or endorsed by them, you will have to register and ballot. Don’t think so for QWR.

@HUAT

500sf for 200k, or 700sf for 300k come out to be the same. You pay more to get bigger house. Very logical.

Heard that half of Block A filled with duplex units, anyone can confirmed that?

Heard that half of Block A filled with duplex units, anyone can confirm that?

When this project will be launch?A

When this project will be launch?

so far here no people is register with affortable house? or someone already gurantee a unit for affortable house already.

These affordable units linked to PR1MA?

There is discussion about the building plan change in The Clovers forum.
Will it happen to QWR?

can go to www.penanghomescafe.com to register for this project. you will be notify once the property launced.

@Vellyn
who are you?

HI, block b corner sea view just next to front sea view for 1207sqf. Can contact me
0175922663

only one unit original developer package. 6.5% discount. Two car park lots. DIBS SPA for legal fee
Total discount Rm152,622

Very high density in BLK B compare to A due to smaller units of affordable housing.

@Liu
Original price 2.348mil?

I think not. The 150K should be the assumed price for the free car park and DIBS.
i.e.: maybe car park at 40K? + DIBS/legal fees xxK + the 6.5% xxK = 150K

Not sure this is how you should sum it up but just my guess… Ditto?

That unit should range between 850 to 900k.
After the rebate plus the legal FOC charges all sums up to 150k. This is a marketing strategy ma..
As you already know, clovers waited 1.5yrs and still waiting to get their spa signed. QWR need to wait till next yr june tentatively for spa signing. You think will delay bo?

Anyway, still not too bad if buy for own stay because almost guarantee no neighbours will buat bising due to almost all units sapu by investor club already. So many units will b empty. At least for a while..

Same tactics as Clovers at play here. Total saving of more than 150k blaa blaa blaa..

The price more than 1 million, each floor having affordable home, 728sq ft, will launch next year. Anyone book this project.

hi

Total discount include DIBs, 6.5% discount , SPA for S&P , 2nd car park lot. Total price less than Rm830k after discount and per sq ft less than Rm700. Further detail can contact me

@liu

cheaper than bay residence. bay residence din even offer 2nd car park.

only one unit 0175922663

@lyn
affordable home? 728sf? 350k only?

For first time buyer, developer will submit the application form to goverment for approval, project will be launch on 3rd qtr next year.

lalazai :
@lyn
affordable home? 728sf? 350k only?

lyn :
For first time buyer, developer will submit the application form to goverment for approval, project will be launch on 3rd qtr next year.

lalazai :
@lyn
affordable home? 728sf? 350k only?

u from developer office?

no, im buyer.

AA :

lyn :
For first time buyer, developer will submit the application form to goverment for approval, project will be launch on 3rd qtr next year.

lalazai :
@lyn
affordable home? 728sf? 350k only?

u from developer office?

liu :Total discount include DIBs, 6.5% discount , SPA for S&P , 2nd car park lot. Total price less than Rm830k after discount and per sq ft less than Rm700. Further detail can contact me

DIBS stiil on?

@islander_ori
yes can call me for more detail

@Liu
Hi, Liu pls contact me. Thx

I heard that this project being taken up by KL investors club, anyone can confirm?

Then how to buy?

@Will
please call 0175922663 orgivr me how to contact you

I have a unit in hand,
Garden suite, Built up area 1200sf with garden 375sf, 2 carparks
I bought at 981k before rebate 6.5%, nett purchase price would be RM917k, RM582 psf only
I would like to transfer ownership if someone can offer me

KH Yip 016-4323193 (whatsapp me and i will call back)

Yip, how much u would like to let go..?

@KHYip
You made a good decision to let go.. You wont regret it. Faster cabut while still can. QWR by asia green is another “the clovers” in the making. Maybe june 2015 only 3rd submission of plan to re-approve and earliest beg jan 2016 sign spa.

has this project launc yet. admin, please provide details. thank you.

This project launch already. But not official because planning still not approved. So high likely the rebates cannot be use as downpayment and DIBS will be removed. Very unfortunate to buyers of QWR.. “the clovers” in the making. Terrible developer.

@Joe
I heard approval got delayed again and tentative approval target is oct 2014..

Can this developer be trusted? Can this project complete on time?

@Q
Look at The Clovers by AG as well.almost 2years from launching yet still havent get their plan approved. I already given up my units at clovers. No use developer. Not competent.

Heard this project is launching soon. Anyone can clarify?

Launching tmr in QB. Booking fees 20K. They’ll give cny package, whatever that is, no dibs d..

@Coca
No DIBS, if the project delay means “mati kudasai”. Have to pay progressive interest to the bank. Some more this developer don’t have good track record. Definately a risk to take. Anyone know the indicative price and the CNY ang pow?

Looks like got private lift… so luxurious…

@Fin
Its a big NO for me towards this project… Mainly due to developer, design with minimal privacy and no balcony makes the whole design looks cheap.

price from 1m onward..

From the images above, looks like the project will be built just beside the sea.
Some kind of misleading…

Coca :
@Fin
Its a big NO for me towards this project… Mainly due to developer, design with minimal privacy and no balcony makes the whole design looks cheap.

No balcony? Look closer.

@JJ
Based on the pictures which the agent sent to me during the unofficial launch of Blk B back in sept/oct time frame, there is no balcony. I even confirm with agent on the phone. She said blk A also same.

Unless AG has changed the design again lately, just like the clovers, then maybe have balcony now. But that only means AG loves changing their design and its not fair to existing buyers because they pay for what they see now which attracts them. But those thing maybe changed again in future. Perhaps book today at qb, but sign S&P in jan 2016? Just like the clovers. Major delay!

@Coca

Will check out this week in QBM.

Anyone book one in QBM? $/sqft? Size?

Smallest without private lift and no seaview is 1249sqft selling from 1.05mil before 8% rebate which can be use for downpayment.
“DIBS compensation” available is another name so called cash voucher for furnishing.
Free S&P only.

How to buy?? So expensive..

@Ss

Starting from 850/sqft.

@Masquerade
DIBS in another form? Sounds like violating the law????
Sucky developer which cannot deliver The clovers trying hard to sell quaywest? Must be difficult since the reputation has tarnished.

Check it out at QBM last night. Sea view will not be guaranty as there will be future sea reclamation by Tropicana for future development. For the 1350 Sq ft unit, the balcony is for the master bedroom instead of the living room, so I think the master bedroom will be noisy as it is fronting the main road and the sliding door is not effective to keep the noise away. The private lift is something new in Penang but the area in front of the lift is inclusive in the unit’s build-up. So for a small unit apartment, you are like loosing a small room. No free aircond or build in water heater.

Min $1M after rebate, rm800psft, 2 blocks, total units more than 1000, 32 units per floor, 24 floors, will sure block TBR view. S&P will be mid year.

@Fin
how was the take up rate?

Went to QBM. Still many free units..

@Ss
thanks for the info

@liew
1000 x 1M. Asia green too greedy liao

Freehold putra place, closer to main road with a million price tag

Who wants to spend a million bucks buying a non guaranteed seaview “affordable units mix condo”? Doesn’t make sense specially the developer is reputable for delay delay and delay with no Sense of classy design. Density wise is pretty high!

@acro
A lot of people at the road show but the take up rate is not so encouraging as still a lot of units available.

gt affordable unit? 350k for 700sf?

Affordable unit from half a mil price tag.

Old price block b, can contact me

@liu

700psft? Can’t be 600psft right?

@liew
can contact me 0175922663

Hi, anybody has the layout plan? can send to me?

sanny_wangg@yahoo.com

Hi, Anybody know how many percent of the units sold?