Imperial Residences
After the successful sales of One Imperial, Ideal property is launching the phase two of Imperial Residences, which was also known as Imperial II. This development is strategically located within the established township of Sungai Ara, next to One Imperial. Comprising condominium units with size ranging from 1,100 sq.ft. onwards.
Property Project: Imperial Residences
Location : Sungai Ara, Penang
Property Type : Condominium
Land Tenure : Freehold
Built-up Area: 1,100 sq. ft. onwards
Developer : Ideal Property
Indicative Price : RM550,000 onwards
Register your interest here
Location Map:
Cheap ahhh!!! Buy ahhhh!!! The next biggest traffic jam area in penang. So congested yet affordable! Buy ah!!! Get your s&p stamp quickly before 2014 feb before any new surprised rules being effective.
Another hot project in Bayan Lepas.
buy ah….500 psf…cheaper than treee saprina lo
any unit left? DIBS?
in less than 2 yrs time increase RM100 psf!!
Goreng properties enough liao, no need work likes siao lang =(
Suddenly sg ara becum piece of gold land!
15 yrs ago my parents bought house there even laugh by ppls ulu…
Now RM500 psf… speechless
Is s DIBS?
Great price… Any units left?
Half of the units booked by vvip already! Dibs if s&p signed before feb 2014.
Quickly grab it because imperial 3 will be selling at from 650 to 700psf. So this is still a good buy!! Your last chance before dibs removed. But i heard once removed they’ll come up with some other features like partial furnished.
Will crash soon. Buy! !
Yes, will crash soon.. In 2050.. Quickly buy!!
Whao, one imperial really worth to buy. Less than 1year the price rise 100psf….
Indication price shld b rm500k instead of rm550k. Good price. What is the indication price for GSD’s Skycube Residence?
Exactly, It’s RM454 psf….
As what Ideals’sms… Build up 1100sqf for RM499K onwards
Free 2 cp and legal fees (including disbursement charges) for SPA & LOAN.
No free airconds?
To buy or not to buy…to wait or not to wait, that is a big question.
price drop coming next year ….
price wont drop 1….just does not have much buyer in subsale only…1st buyer must be strong…buy for homestay..dont buy for subsale….buy buy buy!
if demand > supply = price increase, if supply > demand = price decrease
Great price…buy few lot
Anyone knows what is the density and land size of this project?
816 units on 6-acre land.
Ideal likes to build high density condo blocks to maximize profit. But their selling psf is still acceptable.
@Rodrigo
What do you expect in this kind of market?
@Jenson
I expect ideal to be generous, building bungalow at cost price+ 10% profit selling to fellow penangites while our state goverment waived off all legal fees,stamp duties with free installation of fibre broadband and waiver of cukai pintu in the next 10yrs as AFFORDABLE housing, BUT that will only happen in my dream.
So, my expectation as an individual is not important nor significant. What developer intend to achieve matters instead because they are the major key player in real estate. For us, simply follow the flow…
Sungai Ara is too much condo already. Price is attractive but for those who stay at city or town. This might not suitable…..
@landed property better
a lot of properties in penang does not have market, but have solid price… 😀
if no economy crisis, all people lose the job, housing price wont come down…
in my opinion, penang government should increase the limit from 400k to 700k , so our poor people can buy the house. and stop those speculator and bulk player 😀
looking forward to price correction … 20 ~ 30%% drop
Less than RM470psf in this area, where to find nowadays? Looking for better units anyone? I know few “VVIP” here who willing to let go some good units.
Cheap in such good location!! New condo selling less than RM470psf is hard to find nowadays.
Searching for better units anyone? I know a ‘VVIP’ who willing to let go his good unit.
PM if interested.
@WTF
Yes… please continue to look forward……
@WTF
You are building castle in the air..a 500k property with max tenure years, 90% loan limit, monthly prepayment cap at around rm2k per month only..
What makes you think 20-30% price drop?
Anyhow, the price won’t surge suddenly for high rise condo…probably stagnant for sometime but price drop 20-30%?…dream on
@funny
Who said “price won’t surge suddenly for high rise condo”? Don’t simply say lah….:)
@WTF
Cool be more specify, when? I heard a lot of “soon”, “looking forward”…since few years back. Dont be a lousy weather forecast, keeping saying “going to rain soon”, but never mention “when”…. people wait, wait, wait..few months already still no single drop of drain…then one day it really rains, and the weather expert proudly says: “see, I told you so..”
@WTF
Price will be corrected. For sure it will drop 20% to 30%. maybe even 50%. i agree with you price needs to be corrected because our wages will be able to keep up with inflation unless we do something extra to earn more.
But i strongly believe price correction will only happen at the time after you have purchased your property or when you wanted to sell your property. Just too bad for you. Carry on waiting ya.. And enjoy the inflation due to hike in land prices, material, electricity, labour, GST and etc..
House price drop or car price drop more likely?
@samba
Dunno leh. But Tenaga price up for sure!…:)
I think super condo > $1M is higher risk to have price corrected…as mostly buyers are in 95% population who are looking for affordable apartment range 500-600k in Pg with decent facilities. So should be low risk to hold 1 as long you have holding power
Stop dreaming the price will drop 20%-30% or 50%, may in the dream : )
you think only
500 psf or 450 psf???
If people do not lose their jobs, the price is very difficult to drop.
The rationale is the interest rate is 4%+. Forking out 2K-3K to pay installment is no big deal of for those couple who are working as middle class (total household income ~10K).
any early bird discount for this project?
In Penang, what is the percentage of middle class ppl (Total household income 10K)? izzit 50%? or more?
I heard is below 500psf. Is that true ?
How is the sale now ?
This project look quiet compare with other. Maybe bcoz of too high density.
Any buyer here??
i already place booking. previously said sign SnP after CNY but now said at June. may be too many project to choose for at tat area or the property market is indeed slow down compare to few yr bc.
@mason
Hi, may I know wheter need any payment during sign s&p?
@Lavender
10% down payment upon sign S&P.
so… psf 454?? how much for every floor up? one imperial each floor up rm1500….
Booked!
Received sms from developer saying tat they going to give 4 units of 1hp air-con for early buyers.
How do you know?
@Super Early Birds
Sales must be very bad…
Yes. I booked last 2 week,
give 4 units of aircond,sold abt 80%
The air cond not only for CNY sales only? Do u all know when can sign s&p?
Which tower left ?
@Annie
You get your loan already? @edwin
@Lavender
Not yet..
@Outsider: you can call to sales office to check TEL : 04-6456888, tomorrow they got open for show unit.
According from the agent , S&P will sign around Apr
@Annie
Thanks Annie. Hope still got nice unit to have. Finger crossed.
any unit left ?
@hormany
Still got left unit in tower 1B
Why this property is so quiet? How was the sales now?
@Red bean
more than 80% sold
Having an unit, looking for sales
Tower 2, unit 3 @ high floor
Please offer your price @ tachlio@hotmail.com
What is the maintenance fee?
maintenance fee rm 198 across the board.
how much psf?? higher floor more expensive?
I just booked a unit at top floor facing pool.
Top floor got 10k+ discount, if you dont ask, sales people wont tell. As they only mentioned every few floors will up 1.3k. Very strange Ideal did not label the units price at the sales chart.
Beside got 4 free aircond, DIBS until 80% construction surprised me as I thought already stopped.
After discount, ~ 460+ psf.
icic thanks.. what is ur unit size? 460+ psf for top floor not too expensive though..
I choose 1100 sq ft cos I like the layout design which kitchen also has balcony oversee the pool. Is it very cool?
top floor and pool view js for 460+psft?
I tot they say 1.3k per floor up and pool view need add on 8k?
if like tat how could be 460+ per sft?
@Ranee
What your means by DIBS until 80% construction ??
I dropped by the sales office yesterday & they told me the so called DIBS is now called “Loan Incentive”. DIBS until 80% construction? I thought they told me is until Vacant Possession. Now….which is correct??
Anyone bought? Mind to share the purchase price and unit size…and also at what floor.. so that can count the psf price
how is the respond, all fully booked again?
i bought 12th floor, 1200sqft 470 per sqf
My booking unit at top(30th) floor,1100 sqft. Top floor has 10k+ discount, it comes 460+ psf.
My original booing unit also top floor but is corner unit facing main entrance,
1200 sqft, also 10k+ discount, comes to ~470 psf. The unit was taken up fast on next day.
If I am not wrong, the DIBS or so call”loan incentive” Ideal will only bear until 80% construction, there after, purchaser will bear the rest interest until vacant possession (stage 90% and 100%) which carries the highest amount.
@Ranee
Top floor = heat + leaking issue. That’s why it is cheaper.
80% = VP.
@Hemsley
If you check with Setia, IJM or Mah Sing project, top floor wont be cheaper. In fact top floor will be the most expensive. Take for example, Setia Pinnacle every floor up by 5k until toppest floor.
I was offered two units to choose, 12th floor at 533k against 31th floor at 631k with only one car park both 1095 sqft. Extra car park 30k.
470 per sq ft still consider cheap comparing to others project. The pricing gap still close to One Imperial.
@Ranee
mean tat just top floor gt rebate?
cz i call the sales office today…they say they hv no any discount on any…just 4 free air-cond
and pool view add on 8k…from level 7 start per flow add on 1.3k?
can i ask if the top floor will be more cheaper as i understand they told us that after 9 floor the price will be increase rm1300 per floor?
No any discount on it too?
Just booked a unit @ 19th floor, 1100sqft, 470+ per sqf. Facing basketball but might see pool view. Anyone bought 19th floor?
‘loan incentive’ mean no need to serve interest/installment until 80% construction? 90% start loan installment? @Ranee
Hi, anyone got your loan?
@gk
Ideal never said top floor got rebate. But I compared the prices between my booking unit (30th floor) and 29th floor, is cheaper by ~12K. J had checked another top floor unit,its similar.So in other words,Ideal is giving discount on all top floor units.The pricing on Ideal is fixed, therefore they could not give you any rebate again.
@Time
If I am not wrong, purchaser suppose to pay the interest on stage 90% and so on until 100% (vacant possesion). There after, you may request your bank to start installment ASAP to avoid paying unnecessary interest.
@Lavendar
Nice. I bought 20th floor. The unit similar to yours.
which bank did u guys go for ur loan?
@kee lin
I tried Cimb, Public bank and Maybank. How about you?
i try go for am bank…but i wonder which condition is better…
@Lavendar
@kee lin
Izzit the Am Bank people offer you the loan or you just apply yourself? As I know the I.R. sales person said must under their bank.
Must under their “bank branch” cos due to DIBS, otherwise you are free to go any bank which participate on IR.
ya…is their banker…so i would like to know MTRA izit is same for all the bank?
you can look for saving and PA insurance instead of MRTA to cover your bank loan, if you able to pay the monthly insurance, i can suggest you go for insurance plan. as this you can get back some return when you are retired. You need to talk to you bank people. but many will said cannot, as they want earn commission. U can check the details with the banker.
MRTA is optional on some banks, not compulsory. And is not cheap, normally>10k, depends on loan amount.
Usually I will opt for no, but banker will convince you to buy. OCBC, May bank gave optional.
hm….ya thats why duno want it or not….
so nowsday all the bank rate is same rite?
@kee lin
May I know how much MRTA you get for about 20 years for your house?
i share with my bro…so we make it half half….mrta also 250k-250k for 35years 8k somethings…iz tat worth?
can any one share interest rate bank offer?
you no need to buy for 35 year. u can buy minimum. just ask your banker.
@kee lin
any one can share which bank offer is better?
almost bank will offer BLR-2.35% or BLR-2.4%
Did facebook got IR’s group? Hope that admin or buyer of IR can share the latest news about IR.
heard tat some can make it BLR-2.45% ?
what bank offer BLR-2.4%, please share
public….am….cimb
non-flexi loan u can get BLR-2.45. From Ambank @savage
Hi guys,
Do you all managed to get your loan? All bank that i applied have told me that my loan still cannot get approval to proceed as there is some issue between ideal and them. Are you all also faced this issue?
@tan
Really? My loan still under process too, not sure when only know the result.
@ET
Yup..but yesterday maybank just called to inform me that they started to process my application only.
my loan approved.
@don
how many percent loan you apply?
Anyone loan approved and already sign s&p?
89% @ET
just book 1 unit in tower1b. Heard that ideal soon will launch another new condo again. there are so many condos in that area, but price still so stiff. GST is coming, duno how the market will react towards it.
heard that we have to start instalment once the building completed before get OC. when loan amount 92.5%released. we have to start instalment already. Any news from other buyer? we have to buy the instalment till state gov check all and approve the condo. so I predict it may last for few months to half year
Any news on loan approval until now
which bank has already approved their loan
@don
I jz signed my loan from maybank. Other banks still not yet process at all.
Seem like skycube is taking over imperial residence lead. Many tend to buy skycube rather than imperial. Any comment?
Besides what the sky garden for? Many people try to avoid sky garden becausw of the noise? Top floor scare of leaking. Find that tower2 garden view not bad. Any comment or any buyer of tower2 facing imperial residence garden?
thanks for the feedback
My comments who take lead is doesn’t matter because we are not share holder for both developer. Important was they compete each other give many of rebate to benefit buyer. The market is extremely slowing now. In the past, no chance for you to go buy a unit from GSD after 2nd day of launching.
Anyone wish to switch floor with me? Currently at high floor and wish to switch to lower floor.
top floor?
@ww
@Des
Above 25th floor but not top floor. Tower 2 facing pool.
@ Ranee
Congratulations on your purchase of the top floor unit.
Being the top floor unit you have the best views like penthouse.
Yet, top floor units of Ideal projects will not have leaking/heat problems as they build
double roofs – metal and concrete roofs.
I have personally gone up to one of Ideal’s completed projects and witnessed the double roofs.
Very impressive.
@ww
hw low u wan to switch to
@Des
between 15 & 20th floor. Btw, mine is 1200 sqft facing north east.
CIMB
@vincent.
any unit wish to let go? i am interested,,thank you
Any leftover units? pls pm me~ thanks..
still have a lot units. Got road show last weekend.
During road-show, Ideal staff said now minimum RM550k liao, since APDL approval ~2wks ago. It is now RM550/sft, I guess.
During road-show, Ideal staff said now minimum RM550k liao, since APDL approval ~2wks ago. It is now RM500/sft, I guess.
Great. Auto appreciation.
@Alicia
Thanks.Yes, I like top floor.
I used to had 2 properties before, both were top floor, one in Singapore, one in Greenlane. Both already sold. The Greenlane one sold to one of the Ideal sales personnel. She closed the deal within 3 days without any negotiation.
Off cause nowaday top floor will not be hot or so called water leak like those old days.
Beside more privacy and brighter on corridor and so in your utility area or room facing void, another advantage on top floor is no toilet leakage from upper floor unit, ha ha ha.
And again my next investment will definitely be top floor.
Is anyone get to claim back RM10k booking fee from developer even the loan approved or pull back from the deal?
I heard Skycube Residential response is better than IR, anyone can enlighten me between these two condo? I m hesitating between these two selection,thanks
Skycube is low dense compare to IR. But the block layout are worse, all unit are facing East and West. Swimming pool also facing west so from 12.00pm to 6.30pm will face sunlight if you want to swim. @Maritana
Can admin add more photos of this property ? Example unit layout.
Thanks.
found this on the web
https://www.penangpropertytalk.com/wp-content/uploads/2012/07/one-imperial-siteplan.jpg
it shows the location area of One imperial (same as Imperial Residence?)
notice the whole location of the recreation area? from morning sun till afternoon sun also facing sun…nothing to block….good if you want to swim.
copy this link and paste onto goggle?
https://www.penangpropertytalk.com/wp-content/uploads/2012/07/one-imperial-siteplan.jpg
can see one imperial layout.
hope this is what you seek.
oops sorry….imperial residence NOT same as one imperial…
The government must take action and find way to pump new fresh blood into this Area, not only residential but we need something solid commercial area or mall to keep this place blosssom, create more work opportunity, fun scape, park, garden.. Need to push up the economic at this perimeter, we need you to keep us fly rocket !
Idiot.
Can anyone let me know what is the latest promotion package now? Is this one cheaper than skycube?
got free 4 aircon, 2 car park, no legal fees, interest bare by developer.
is this wht u wanna know, ysh?
skycube is more high class compare to IR in term of building outlook and low density. but IR is cheaper.
@lawrence
Then what is your thought? Please share your comments.. Genius idiot!
Hi there, anyone know when is the S&P signing date?
Does anyone know the Tapak Masjid izzit near to Imperial residence?
@ET
i ask developer last week. they said mid of july.
can confirm the tapak masjid exact location?
Any more units left? Looking for 2-3br
How much is the reservation fees and how’s the payment terms like?
Riomar :
Still left around 20% less than 100 units…..
The reservation fees is 10K…..
MRTA cover maximum is RM5K , interest reimbursement they using is cover until 90% of construction (but i heard is until complete of construction), free 4 aircond, free 2 car park, RM198 for maintenance fees for both size.
The tapak masjid is behind golden triangle not related to IR….
Anyone can share which insurance Co offer reasonable PA package if we opt not to take MRTA from bank? TIA.
today went to the office to check…
block 1A almost all got stickers
block 1B left about 30 units dun have stickers
(mostly units facing Iconic Skies left)
block 2 left about 10~20 no stickers
@buyer88
Good sign…..
but rejected rate for loan is a lot…..
thats why the SNP date is delay…..
Williamyl:
High rejection rate of loan appl is due to personal matter or others ?
Just got loan approval from Maybank.
Interest 4.2%, flexi, MRTA waived.
Now waiting for signing SnP.
@Ranee
Ranee, may i know what you means by MRTA waived ?
You opt not to buy it, no need to pay or got subsidy to certain amount ?
I also getting loan from Maybank.
which tower will be better in stead
1B facing school or Tower 2 facing pool ?
worry about the future development and evening sun
Me too, I got loan from Maybank, but they insist need me to take MRTA. How about you?@Outsider
any tower 1A lower floor to let go?
@ET
Yes, they insisted me to take minimum MRTA which less than RM100.
So how much total is your MRTA? @Outsider
@ET
RM66
RM66 only? One short paying or paying everymonth? @Outsider
hi, anyone know about any fees that might incur 3years later after completion of the project for transfer title or name? the sales person mention something on legal fees and stamp duty on this. I thought its cover by developer during S&P. Can anyone advise?
I guess it is MOT (memorandum of transfer) go google for details.
thankyou @buyer88, this clarify all. I am confuse earlier why is there additional fees when S&P its cover by developer…
anyone sign SnP already?
@mason
Just sign bank offer letter.. Will arrange to sign S&P on next week.
Anyone read S&P from developer?
I am first time buyer. Wondering if could request to review the S&P before the day of signing.
Arrangement has been made to sign on August.
Before I signed SnP for Taman VI, I requested the lawyer to send me SnP softcopy and they did sent me. I am not sure is it valid for all housing project or developer has right to control it.
how is the interest rate from bank?anyone get higher than 2.4%?
Guys, go take a look at the newly advertised property, The Prime Residence.
Spacious 1410sqft, only 4 units per floor. Price at 600k onwards. haha….
Read Star news today indicates IR sale in Star Property Fair is among the best. Anyone has more details ?
From n years ago already seen many many ir sales road show in shopping mall. Now still havent sold out ah? Maybe still need multiple star property fair to clear out.
Congratulations to all buyers… I am interested as this unit is cheap based on the current location but my loan got rejected… So sad…
What is the status now after signing the agreement. When it is going to start construction?
@Gemuk
by refer to wikimapia.com u can find the mosque locations
it is between golden triangle and idaman iris
@Jason
@ry
personal reason due to most is family buy not investor……
@ET
ET you have a right not to take….
they just got commission from there…..
@ir
i think the one you mention is One imperial
imperial residence is another projects….
same same but different
@Jason
Jason I think you dont know where is it located…….
@vincent.
Start this September and complete end of 2017. Source from recent star newspaper.
I’m going to confirm by this week.
Are wikimapia.com showing is the exact location? Will it change for future development?@williamyl
@Outsider Thanks for your infro.
Hi …..anyone have any unit wish to let go? i am interested….
i am looking for a unit which is middle floor around 8-20 floor…
i wish to buy 1st house for me with my girlfriend…
Kindly PM me….
Thank you…
Who want to sell now? You missed the boat man. Wait until OC then I will consider sell to you. Bye bye.
@Walker
yo it is still some units available…..
go to IDEAL office have a looks now…..
@ET
Yes it is
@Outsider
Outsider :
the one end in october is Solaris…..
For the Imperial Residence it is estimate complete on July 2017
Due to S&P started sign on July 2014
@williamyl
No. The wikimapia showing the wrong location. That IR location belongs to One Imperial. The exact IR location is the empty area to the left of One Imperial.
http://wikimapia.org/#lang=en&lat=5.333663&lon=100.273300&z=17&m=b&search=relau%20penang
@Outsider
Outsider :
The map you show already updated to the latest one
May i know anyone know is this already spa & loan stamped?
i still not yet get any call from lawyer about this.
May i know anyone know is this already spa & loan stamped?
i still not yet get any call from lawyer about this.
@williamyl
@williamyl
Thanks for update.
@aweksiti
you can call to your lawyer after 2 weeks from the date you sign your S&P…..
and you need collect yourself the SNP in lawyer firm…..