Almost 1kpsf…But I think during cny there was some promotion going on for this property is it?

@Bryant

Aiyo, always got promo one lah this ivory. Their favourite is the CNY promo discount RM88,888. And then the Merdeka promo discount RM55,000 (55 years merdeka mah)…..:)

At the moment they only releasing the unit facing west, except the corner units which almost fully taken up, there are still plenty of intermediate units left. You are free to choose basically, not a common sight when come to Ivory’s new launch project.

The units facing east will be release soon, should be more highly sought, but again price will surely increase again. This is the same marketing strategy deployed on The Wave.

@tcc

In view of the current property glut, launching all the 600+ units would be suicidal. They have to stagger the launch, so that it won’t look so bad.

I read from a Chinese forum this kind of strategy may be a good potential for buyer, as you basically need to put 10% upfront and wait for the price appreciation in next 5 – 6 years time. And as buyer only have to pay progressive interest, as long as Ivory doesn’t start construction fast, amount may not be high. Don’t think Ivory would bankrupt also, it is public listed company with Penang world city, the golden goose on hands.

I heard the wave during initial launch only ~650k, after 1-2 years, the price increase to >900k, and construction not even started.

This is the magic in investing in Ivory’s project, let time does the magic for you.

@tcc
Good luck to you.

pretty strange, the low floors have been gray out, they said pending nego with purchasers, just wonder who the purchasers are? Perhaps they have a problem to get bulk purchase, since the gov only allow a person/company to book 4 units.

@tcc
I think so. When I purchased my Wave is RM750k but now already rm 1 mil.

No matter what, Gurney, Tg Tokong & Georgetown are still a better place to invest or to stay if you compare to Bayan Lepas, Bt Maung, Sg Ara, Relau, Teluk Kumbar, Balik Pulau…

Everyone knows that Ivory sell garbage. Times Square is a dump

Lim, you say yours is worth $1m, maybe on paper based on Ivory’s current selling price but you try and get your million, not so easy

Our members have taken up more than 30 units of The Wave at a special preview. If price has really gone up 30% – 40% since, all of us will be overjoyed with the paper gain.

@Bulk buyer
Serious? West or east wing? What’s the purchase price?

Hello guys, just for your information. Latest transaction from my company listing for phase 1&2 is RM700k (3bedroom unit)

@steve
Just my opinion, property is long term investment. For me, PTS still have plenty of potential and off course is growing. Location still is the superb 1..After 8yrs or no10yrs..no more development in penang. No land..in town area.No surprise even the Wave with price tag of RM1.7M++..

I buy PTS 1 at RM270k and sold RM600k last year. Now I still have a unit at PTS 2 which renting RM2200 and I can sell RM700k anytime. So I believe when the wave is done it will hit easily at RM1.4 mil. Anyhow PTS is sitting at town area and make it so easy to sell or rent. For me it a good investment.

For property investment, location always come at the first place. 2 years+ ago after PTS phrase 2 got the OC, my friend (a housing agent) told me that a group of Indonesia Chinese came in bus to purchase the phrase 2 units. In fact there are many foreigners staying in PTS especially Japanese.

No matter what, Gurney, Tg Tokong & Georgetown are still a better place to invest or to stay if you compare to Bayan Lepas, Bt Maung, Sg Ara, Relau, Teluk Kumbar, Balik Pulau

@Lim
I believe “the wave” going to stay the job by next month already. Once completed in 3yrs time, 1.3M or 1.4M won’t be surprise. And your phase 2 or phase 1 unit can be at 900k to 1M at that time..
Depend on furnish or non furnish..renovated condition..

We got a very good deal compared to the rest of the individual investors. That’s all I can say. Judging from the optimism of some of the buyers here, I can say our members should be able to dispose off their investment easily.

@Lim
I have a 2BR condo at PTS 2 for rent. I bought it 2 years ago and the capital appreciation has been rewarding. However rental is a different matter. It has not been easy although I am prepared for a lower rental. Holidaying expats seem to prefer condos with close proximity to the beach and with balconies. As for working expats, they prefer condos close to the industrial areas and penang bridge for easy access to the mainland. What type of tenant market are we looking at for PTS 2?

People who like to party every night at the discos downstairs, and pray every day at the indian temple across the road?

There is a lot of foreigner over here actually. PTS was just located at Penang Heritage Zone and city central. It actually demand for it. Just think if a person who’s wanted to stay at town and with fully equipped condo, there is no much choice. Just get a right broker then you will find a right tenant.

@Lim
Not much condo in town area with freehold title u can choose.. That’s why the price is high.. U will never get this kind of price by next year anymore. All wil up because GST implement..

Accessibility of a property drives asset appreciation by all means. Such as proximity to city amenity, government offices, heritages, easy access to motorway (Lebuhraya Tun Dr. Lim Chong Eu) for airport and more importantly within the proximity of few local private hospitals. It is unfair that Metropolitan gains even more in future infrastructure development such as tunnel link to mainland and mass rapid rail transport likes any other cities, but it is the fact of life!

This one is SOHO. Assessment rate 5k minimum for this location…

This one is SOHO. Assessment will be 5k above for this location…

@SG

RM5K assessment is ok provided you can rent it out for RM5k a month. Can or not?….:)

There are still plenty of units left, price >900psf after discount. However I believe after 2 years, those decided not to buy now will again feel regretted, just like what happen to The Wave 2 years back.

@tcc
Sure will regret.. Next year 3bedroom corner is above 1M…Those can not buy…phase 4..still can buy phase 1&2..

Phase 1&2 only RM670k to RM800k.. Still cheap..

oh wow……SOHO….SOHO huh! SOHO?? Why SOHO??? Why build SOHO??? Thought MPPP put a stop on SOHO???? SOHO again????

@Lim
I have contacted a few agents but so far no positive results. Any suggestions where I should look. Thanks. citi/Ken

1 unit for sell at birch plaza phase 1..

3Bedroom
1 carpark
Fully renovated
Fully furnish
Only selling RM730k (Bank Value 760k)
PM if interested.

I hear some of my friend say The Central already sell at 680k for 665 sqf unit??? Is that truth? Why so expensive? Any can share? Any attrative on this project..

is 666,800 8% rebate plus 5% rebate for the deposit. Actual price are RM582,783 for the 665sqf.
Deposit is 30k.

Steve :I hear some of my friend say The Central already sell at 680k for 665 sqf unit??? Is that truth? Why so expensive? Any can share? Any attrative on this project..

I think the most attractive thing is jam jam and jam, lol. Well, it is prime location anyways, easy to pay saman also, walking distance niah.

Can anyone know…The Central is higher or The latitude is higher?

I mean the building height..

@Highest

I am just curious, why do you want to know?

anyone knows the current price value for the corner unit and also the 600 plus unit?

The central 665sf got how many room?
665sf now how much d?

665 sf has 2 room and 2 bedroom
the bigger unit-corner ones which I believe is 1200+ sq ft is 1.2 mil
This info is back in Aug hence I dont know if they have hiked the price nor if its available

ivory is really struggling with PTS… ivory is a good and successful developer of course but with their other projects like latitude, city res, and all other… even the world…. but PTS is quite a struggle for them… their hotel plan in PTS didnt work out… then the multiplex dont know what happen…. now they are trying for mini korea city in phase 2… the wave so long already no progress… now the central… the central… and i think they also planned a convention centre within the PTS… sad… it is an ambitious project which supposed to have all in one but dont know why very slow….

Just saw the plan already change. Now they break to 2 block. 1 is hotel and another 1 is service apartment.

@Lim
Interested on 665sqf… How much is the price now?? Any one have more detail..pls share..

@Georgetown
Hear that official launching is by Jan of 2016..and is RM1000+psf.
They have road show at gurney by end of dec..can double check on detail for this project…
But this is still consider cheaper compare to summit project at magazine road..

Heard is sold out all wave and central. But u can check out 2ith ivory maybe they will have hidden unit.

All sold out ? Hahahahaha ……..haha……….haha……

@Lim
I only hear The wave non bumi lot all sold out. Bumi lot still a few unit.
The central not even launching but all unit taken?????? Are u sure?

Trying to create history no one knows.

I don’t think this project already launched. Still review stage..

I also heard from the sales attendance that all the units at the central already being taken up. They are selling at ~1200psf with semi reno/furnish package. Well…this is so called pre-book basis, so it doesn’t matter whether the project is officially approve or not, where as far as I am concern, it is not.

I also heard that this project is way beyond for booking because it wasn’t approved.

@hdst
I not believe all unit been taken up. No launch.. Where buyer come??? Unless they are playing sticker game. .
If RM1200psf then smallest unit 665sqf will be around RM800k.. Who want buy this???? Based on market now..this not make sense..

This project already launching? No see any advertisement or roadshow..

@Mary
Hear majority of unit been taken up.

@KC
Those unit are selling at RM1200psf.. RM800k above..Singaporean sapu all?? If local ppl sapu those unit… I don’t believe..

@oo
Reading back this comment after 1 year. How to sell pts 1 and 2 for 1m???

Ur sight is not far enough even juz one year. @oo

@J
We are talking on The central corner unit..selling at 1M above.. All corner lot already sold out..
PTS 1&2 still in range of RM670k to 800k..

@Truth
Ivory will have road show on 1st of january.. You can check with them. Most of unit already taken up. Limited unit available. I think they target foreigner buyer..

U must be kidding. PTS 1&2 can hit 800k now? @oo

oo :
@Truth
Ivory will have road show on 1st of january.. You can check with them. Most of unit already taken up. Limited unit available. I think they target foreigner buyer..

What is the point of having roadshows since there are only limited units available?

@J
General selling price on market is RM670k to 800k. Unfurnish to fully furnish. 800k is move in condition& it depend on how is the renovation too.

I think RM700k to 800k is reasonable price. Depend on condition.

PTS 1&2 selling at RM690psf to750psf
The Wave selling at RM850psf to RM900psf
The central selling at RM1000psf to RM1200psf

I heard that The Wave is currently stopped building. Do you know why?

@Joe
Same fate as Penang Times Square.

@No Wave
Can you share more detail? The reason of no build…

@Joe
The wave still in piling earthwork stage. 70% of piling completed. You can see ivory website to actually see the progress.. The wave &Central sold off..left a few bumi lot. The wave is RM1000psf at this moment whereas The central is at RM1200psf… Both are under commercial title..project.. Only phase 1&2 is residential.. No need keep on giving info with no fact data. Every one know what is the product we are buying..

I saw the project drawing already changed. Still available?? Interested.