Looking for Type C at only Tower A (With 2 Carparks) with 800k anyone willing to let go? Can PM me

How big is type c

Type C 1047 sft

3 room 2 bath

Good price 800k for 1047sqft

A good news finally come to STP and E&O
Still think of a good choice for my Tamarind

@KWAP

I heard a few purchasers officially wrote to E&O to cancel their purchase due to the big electrical substation beside Tamarind, the case still pending E&O management consideration.

Wouldnt blame them. I see no reason to hold on to the tower b units.

What about for Tower A owners? Though it doesn’t really affect them as their units are further away and also no view of that power station.
It will be good idea especially those Tower B purchasers to get clarification from E&O.

Do you seriously think the management will allow you to cancel? If they allow 1 purchaser to do that, I bet all the affected tower B purchasers will also ask to cancel. Then who can they sell to? Ask these questions and you will guess the outcome of their management decision. Even those Penang World City buyers also cant help it with the substation next to them.

I agree with you. Nothing much you can do with TNB or E&O. I have mentioned before and no need to say it again.

Tamarind is still an excellent buy. Within walking distance to The promenade, Tesco and other ameneties, Gurney Drive is closeby and Georgetown city centre is a short drive away. The location is the main pulling factor here.You can’t ask for anything more. Cheers!

@filterfren

I agree with you, this is a great location “Within walking distance to The promenade, Tesco and other ameneties, Gurney Drive is closeby and Georgetown city centre is a short drive away. The location is the main pulling factor here”. But, get CANCER 15 years later living in front of the giant TNB substation? I think there are definitely better choices than this.

@filterfren

You are certainly right. YOu will also never find a huge substation right beside your condo anywhere in penang ! good buy !

Agreed location is superb. But that is for tower a. Tower b residents will still be mad mad.

Be it resale or for rental. Any prospect tenant would avoid such facing.

@Don Tower b facing inside should be just fine

Tower A facing Jazz hotel / residences is slightly better than tower B facing TNB station saja.

@Lam It’s much more better, especially Stack 15 tower A, able to get a partially seaview towards Quayside condo there.

@Bug

I think this Tamarind is not a good deal at all, price so high and yet still come with all sorts of deficiencies (blocked view lah, big exhaust fan lah, giant substation lah etc).

@gina There is no prefect deal for buying a property. Location itself will do the talking when the time comes. Let’s see the future value after 5 years. I can see min value of The Tamarind would be more than 1 mil which cable to sell to foreigner. Those who bought 700-800k are definitely making money after 5 years. Years back people told me Bayswater RM250k was very pricey luckily I choose to believe my ‘common sense’ guess what now? I am enjoying RM2500 rental monthly higher than MONEY GAME lo without any risks. People offered me RM800k I refused. STP and Tanjung Bungah are the most sought after address in Penang for foreigners. 1 mil for them are just peanut. Hoping government not changing the rule that min purchase for condo in island to 2 mil.

Bug :
@Lam It’s much more better, especially Stack 15 tower A, able to get a partially seaview towards Quayside condo there.

Expect stack15, those Stack 13 /11/ 9/ 7/5 do not have any advantage

@Bug
Your comment really laugh! Tamarind 1 mil?! Please go and search Mudah and see how many Quayside and Straits quay unit for sale from 800k to 1.2m. Which expat wants to buy your tiny high density non direct seaview Tamarind? So much choice now in this buyers market in Penang!

@Freshwater Bay
Omg, 800k for quayside? USD? I am serious if you can get me this price I cash buy from you 5 units! Please get your facts right okay? You really make me rolling on flooor laughing (RoFL) I got a unit at Andaman tower 1F, 1187 sqft renting at RM4500 per month, going to increase to RM4800 end of this year. Agent offered me 1.6mil for sale I refused! I give you my words if 5 years later The Tamarind unable to go up 1mil, I sell all properties for charity la… Don’t try to challenge me dude… come on show me facts and figures please. Dude, I am renting Palm Court for my Bangla already RM1200 per month is way better than a new condo costs your about 500-600k in Sungai Ara eg, One Imperial RM1000 rental?!?!?!? No matter how bad The Tamarind is Rental there is no problem at all. See the location difference? 50k low cost flat get higher rental than a 500k Luxury condo. Please get yourself a Palm Court la, the way you comment sounds so cheapsake I guess you should be qualified for this low cost category.

Tower A stack 17 corner towards far end will be the best I think with seaview. No TNB in sight though you pay a high price. Stack 15 possible seaview if on higher floor.

@Bug I agree your statement the rental at STP really no problem at all. Residential I can’t comment, I bought vantage shop after bidding is RM1.09mil currently I am renting 7k monthly. 2+2 years.great return

@Hoseh

Which floor is your vantage unit on?

@Bug
Wow your IQ is so low that you donno how to use Mudah.my is it? Come child I help you. Type in Straits Quay Waterside Suites, then click “sort by lowest price first”, then do the same for Quayside, really don’t have 830k-850k and a few 1.1m listings? If don’t have then I really pity u, because then u are not only low IQ, but also have eye problem! So SO SO much CHOICE ! When Tamarind 1000 units complete u SLOOOOWLY sell OK? Haha!

I have invested quite a bit into this location. Best is to do your own research. A lot of people will tell you a lot of things but in the end you have to think the pros and cons. I started with brezza (rm320 psft) , fettes (rm400 psft), then Quayside (rm700sft), then by the sea beachfront (rm1200psft), then Marinox (rm500psft), then tamarind (rm700psft) and I Santorini (rm500psft). So far I am happy with all my purchase. This location is near everything and with the future gurney wharf and island taking shape i have positioned myself to gain from these future developments.

Bull shit !! Buy super condolah, orang kaya! Tipu pandai.
If Tsunami come to visit one day, all the prices for this area properties will drop like hell, lelong also no buyers to buy then u will eat your own banana. Hahaha!!!

@Lol

I fully agree with you.

@Lol

From your list of investments, not all are fantastic buys. Some are very good, some are so so. But average out, you’re ok. You could have done better.

@Lol

Good buys!

@raymond
So far I am happy with all of them. They are giving me good appreciations and good yields. Even by the sea at rm1200psft, I am doing homestay there and I get rm6k on low Seasons and rm15k on peak seasons. Easily rm100k a year return in rental. Marinox appreciated as well.

@Lol

I have a friend whose unit at by the sea yields him only ~30% of what you get, plus he is complaining about how the furniture is getting worn out fast, so replacement cost is a significant cost. For Marinox, “price appreciation” is very “abstract” as there is price, but no market. With your wealth, I am very sure you have the holding power, can always say “if not the right price, I won’t sell”. I have friends who have held on to certain properties for 15-20 years, can’t sell, can’t rent out due to certain poor attributes, but still declare “appreciated”, “happy with the investment”and all the rubbish. C’mon, let’s be real. The key point should be, “could he have done better”?

YES! Agreed!
No wonderlah! A lot of properties in Penang waiting for sell but no demand due to oversupplied especially now market slow down. Paying the loan interest is a big burden unless u buy cashlah.
Homestay is illegal, actually state goverment should enforce it. If neighbour complain then zero income. Hehehe!!!!

Bug :
@gina There is no prefect deal for buying a property. Location itself will do the talking when the time comes. Let’s see the future value after 5 years. I can see min value of The Tamarind would be more than 1 mil which cable to sell to foreigner. Those who bought 700-800k are definitely making money after 5 years. Years back people told me Bayswater RM250k was very pricey luckily I choose to believe my ‘common sense’ guess what now? I am enjoying RM2500 rental monthly higher than MONEY GAME lo without any risks. People offered me RM800k I refused. STP and Tanjung Bungah are the most sought after address in Penang for foreigners. 1 mil for them are just peanut. Hoping government not changing the rule that min purchase for condo in island to 2 mil.

5 years interest more than RM300k. You need to sell at 1.1 mil to breakeven.

@raymond
If I am not wrong the reason why your friend is getting only 30% of what I am getting is because 35% of his earnings goes to the agent as commission. On the other hand, only 5% goes to my maid, I do the online marketing myself and it is quite simple. My furniture are still as good as new after almost 2 years. During the Middle East season, a night can easily go for rm1000. There are agents that have like 25 units under them and they make easily rm10-20k a month as commissions alone. Marinox I bought at rm500psft on top of that I received late delivery compensation of rm70k from the developer. I am sure I got a good deal. I think location is very important, if your friend bought at an expat area then it would be easier to sell later on. I invest only in Tg Bungah, Tg tokong, gurney, pulau tikus and town area. I will never go south or batu kawan for that matter.

Bro, I am renting out my unit…@May

Wah so much HOT AIR here who turn on the heater?! If rental really so red hot at Quayside wonder why recently quite a few units on the bank auction market? The latest one is 990k for 1132 sqft! Recently Gurney the beach supercondo also got auction! Miami Green got auction 1615 sqft for 810k! lol so cash rich go and buy a few more lah! Or is it all paper value only? For BNB, what makes your unit special from the 1000 other units available? The will only be more competion and just like uber, a race to the bottom! By the sea really so easy and the security is really so bad that diferent people can come and go from this homestay? 6k per month so high turnover? How much kopi o money for the guard?? hahahahah

@Lol
You did mentioned you had invested i-Santorini which is belonged to affordable housing development. From your previous statement definitely you were not eligible for it.
Or else the state executive councillor Mr Jagdeep Singh Deo had claimed for failing his duty.

@ranee

I Santorini open for public units selling at RM430K, RM448K and RM460K.

@Freshwater Bay
It is beachfront, the only beachfront located between hard rock and park royal for homestay. Security is good. They register the guests and take down their passport details. Rm6k is low season but high season is rm15k. A year averaging rm100k sales and above.

@Lol

You said ” I invest only in Tg Bungah, Tg tokong, gurney, pulau tikus and town area”, did you invest in Alila-2? Pls tell me you did, and tell me you’re very happy with your investment, and happy to see the father and son having nasi kandar in their orange suits.

@Tang

You need to renovate before you can rent it out. Those are cash.

I will eleviate the concerns many have over this TNB remitting radiation.

The truth is that anything that makes, sends or uses electricity gives off extremely low frequency (ELF) radiation. There’s absolutely No Proof that it causes cancer. If you live close to a power station and you’re worrried, get a gizmo called a gaussmeter. You can use it to measure the ELF fields near you. So this is all a ‘ limited concern’ – nothing to be worried of.

There are so many actual causes of cancer in a world we live in today. Cheers!

Anyone managed to cancel their unit at tower B?

No point cancel my unit which not facing towards the tnb station,cancel with huge penalty at the end no profit gain and waste of money & effort.

Rather hold for few years and sell in future

How about those facing the tnb – anyone managed to cancel without penalty?

Frankly speaking, no company will take back its sold unit especially during such difficult times. Even if you have a buyer now I’m not sure whether sub-sale is possible during construction.

Even if they cancel a purchase, they will tell the affected buyer to be discreet about it.

Do you seriously think E&O will take back sold unit from your hands especially those bad facing? Anyone with a logical mind will know the answer. We live in a real world. Sometimes you win sometimes you lose. So for those who have bought facing tnb, the bright side is you got it slightly cheaper than Block A buyers but whether there is any health hazard, you will need to take the risk.

The mere sight itself, of this gigantic transformer is an eye-sore, be it from a high or low floor of the residential units.

For those high floor units facing pool view no worries,if 1200sqf+ even better as limited units,for those facing tnb i believe no special unit right? all 1047sqf……….. low floor jialat

@filterfren

Actually, not only the sight of substation, no matter from which angle I look at Tower B, there seems to be a problem. For stack 1,3,5,7, it is bloody hot with afternoon sun shining directly at it. For stack 9,11,11A,15,17,18,19, all will be affected by noise from the soon-to-be-built highway right in front.

Block b has the splendid view of gurney.

I will never take the risk of harming my family’s health for view. So what if you have Gurney view but it could be hazardous to stay. Choose another unit that has normal view but can sleep soundly at night instead of worrying if got ill effect.

My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks.

Longest :My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks.

really 1888 as it gets energized by the super big TNB station. Your unit is low floor facing TNB substation, good luck in selling it.

Are you selling?

@Phang Yes sir, RM790k, help me ask around if anyone interested tq

@Longest

Yours is a very good unit, I offer you 980k. Can?

@kapdf R u serious? I am serious I can bear all the SPA documentation fee and stamp duty… how to reach u ?

@Longest
Sorry. Typo. I mean 780k. It will be good if this price include all SPA doc fee and stamp duty. Can?

@Longest

Oh no sorry. Something wrong with my keyboard. I meant 580k, SPA doc and stamp duty I bear.

Ur so funny. U can only get the deal in balik Pulau with this price wtf@kapdf

@kapdf
you can buy i-santorini (460k) and still have some balance (120k) for renovation

@kapdf

You’re quite the joker . Who the hell is going to take a 200k loss just like that?

kapdf :
@Longest
Oh no sorry. Something wrong with my keyboard. I meant 580k, SPA doc and stamp duty I bear.

I let go 380k only, interested?

@Jarvis

You mean a life in Msia is worth less than 200k??

@Jarvis, we’re talking about cancer here.

@kapdf
toilet 50k only, interested?

On Saturday saw pilling work on going at sub-station site. Surprised no major complaints from tower B residences to the relevant authorities so far. Such a pity but for those who got it cheap, I think it should be OK.

@Phang

Got it cheap?? No one got anything cheap at Tamarind. It’s a big rip-off. E&O needs to rip people off to sustain itself otherwise not enough cash.

My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks. Interested pm ya

@kapchai
Agree. This project is not cheap alright but it depends on how you see it. Just to compare.
I-Santorini comes with bare unit plus some renovation may exceeds 500k and its leasehold under affordable category. Tamarind is built by a reputable developer with good workmanship and quality products. Nowadays things are not cheap anyway. Just my comparison. Probably the TNB issue may have some unhappy purchaser.

What is your cost price?

@Phang

If you are a short term flipper, Tamarind gives you the full freedom of flipping, of course, can flip or not in a slow market will be another question. Whereas for Santorini, there would be some restrictions for a few years I believe before you can buy/sell in a free market.

E&O, reputable for workmanship & quality? I think it is over-rated. The so-called workmanship and quality for Tamarind will surely not be enough to make up for the shortcomings caused by TNB substation, noisy highway in front and the big smelly noisy exhaust fans at Jazz hotel.

For those who bought facing pool view and high floor owner,can arrange pre-oc sale agreement,
only keen for 1200sqf and 1047sqf above 20th floor.
quote your price out and contact,or drop to my email vincengzkk8@hotmail.com

No email spam ,thank you.

@Don

Tamarind definitely will not a good buy for investment.
1) Rental Return estimately only RM1500-2200
2) Selling Price 900k-1mil?. Jazz Residence selling at below 1.1mil also facing a hard time to sell.
3) Tamarind i classified its as Medium High Range property, with such high density, I as an investor or buyer, it totally will out of my consideration list.

Seri Tanjung Pinang Property no longer a good investment if you looking to buy one now. People bought at STP because of its title, but if E&O can build a over 1xxx unit now, it could have another high density affordable housing or low medium cost on the reclaimed land or future STP2 reclaim land.

From what I knew, it will be approximately 12,000 unit of house including affordable house on the STP2 reclaim land.

Gurney / Seri Tanjung Pinang will slowly lost it title and quality of living, and people have more choices when choosing property on this area. Property Price will face a very huge challenge and depreciation.

This project suits more who bought for own stay than rental based on current market situation. Times have changed and nothing is permanent. Affordable homes below 500k are most popular now and those above 1 million are beyond reach except from foreigners. I won’t be surprise E&O STP2 would include those cheaper units. Despite all this, heard Tamarind price have increased a lot.

Can anyone tell me how many storey the buildings are for Tower A and B?

total 33 storeys.

now already build until 25-27 storeys.

By year end it could reach the roof top I guess at the current rate with high tech equipment they are using for this project.

Thanks, Lam.

@Phang
Rooftop completion is projected for completion for on or before 08 Sept 2017.

Typo………….. should read as 28 Sep 2017.

@Phang
is it possible and safe to sub-sale through a lawyer by signing a SPA by both parties?

Developers normally would not encourage any sub-sale during construction period until their project is completed. The risk is still there.

Dear any investor / buyer who wish to buy the tamarind , u may whatsapp / call me @
SK Ch’ng , thanks alot

still have available unit for sale

Wow
Going to reach level 30
So fast

Too excited to move in FAST. My patience is running out. Hopefully can get the keys by Dec 2018….. need to ID the house. The wait is too long…. cannot tahan.

Me too
After all the infrastructure build up, that is a very good area to stay.
I can just walking to Tesco

@Sim Yes, Tesco walking distance. I bought mine in middle 2015 at 710k with 2 carparks stack 15 lower floor. I still think it is a not bad buy. Honestly like the address. Isn’t it better than sungai ara, relau condo? Also priced around 550-650 Psf and congested area. Wonder what is the current price now hopefully I made the right choice.

Definitely a good buy, remember the price is include the quality floor, air cond , heater and kichen partly furnished.
I bought high floor with a little bit sea view, close to RM 900k, but i plan to stay so doesn’t matter.

Most importantly, E&O emphasises on Quality of its products.

I personally feel E&O has taken ALL purchaser’s of Block A and B for a ride! They have collected an extra at least 100k from each buyer for this project. The total amounts to a cool 110 Million Ringgit! Not 1 million, not 10 million but 110 million extra bucks has been sucked dry from all purchasers. And when you service the loan with interest payments added, you loose even more.

Price for the location had aready been factored in, but no consideration was given on the extreme high density portion and commercial status part of the deal.

The problem with Malaysian buyers is that it has always been a ‘herd’ mentality. On top of that, developers take full advantage of the possibility of increase in price in stages, by opening up the so-called ‘registration process’. From this initail response from the herd mentality public, they end up playing their cards well, at the expense of potential buyers. If there was no support for the initail registration process from the public, then they the developer would have been forced to price it right and that would have benefited all buyers.

filterfren :
I personally feel E&O has taken ALL purchaser’s of Block A and B for a ride! They have collected an extra at least 100k from each buyer for this project. The total amounts to a cool 110 Million Ringgit! Not 1 million, not 10 million but 110 million extra bucks has been sucked dry from all purchasers. And when you service the loan with interest payments added, you loose even more.
Price for the location had aready been factored in, but no consideration was given on the extreme high density portion and commercial status part of the deal.
The problem with Malaysian buyers is that it has always been a ‘herd’ mentality. On top of that, developers take full advantage of the possibility of increase in price in stages, by opening up the so-called ‘registration process’. From this initail response from the herd mentality public, they end up playing their cards well, at the expense of potential buyers. If there was no support for the initail registration process from the public, then they the developer would have been forced to price it right and that would have benefited all buyers.

buyer always feed developer and bank, so we should cancel it and dont buy, let property price drop drop drop, but can we do that together?

Finally, at least someone from the Tamarind purchaser speaks the truth.

i took 700k loan, got to pay 4k a month for the next 25 years.

ajen :i took 700k loan, got to pay 4k a month for the next 25 years.

SO what are you going to tell ? Is it worth ? not worth ?

To all the purchasers of this project, the past is history. Nothing much we can do now. What lies ahead till its completion expected to be end of next year, really hope its the right decision we have all committed. Despite of some negative comments before in this forum, I still believe the price would appreciate come year 2019.

Met a friend recently who told me the selling price for Tamarind Type C is above one million for units at higher floor. I can’t believe it and can someone confirm here.

ajen :
i took 700k loan, got to pay 4k a month for the next 25 years.

25 years cost 1.2 mil, feed bank 500k interest, congra

From the negative comments up there,In a conclusion,don’t buy it now,wait until land getting lesser in penang,and let developer rob us with higher profit?

if you can afford,buy it and keep it as an asset,if you can’t.. well ,wait for your grandchild to earn more to feed you then?

@Vince Ng

Agreed.

@Phang
Are those 1 mil type C units pool view / sea view facing and high floor un-sold units ?

Those facing Jazz hotel or Tnb power station wont hit 1 mil selling price.

if you look at the demographics, Msians are now at the peak. The population will be going down in next batch of house owners who are currently 10 years younger than this generation

so, if supply and demand arises, there will be more empty properties . Mainly due to lifestyle/taste/location etc

Certain will choose good location houses , buy , demolish and rebuilt
Certain will choose good condos with well maintained facilities
The rest will wither and be blown by the wind

There will be zero appreciation for the next 6 to 7 years. Reason being that all possible appreciation has been eaten and taken away by E&O as their massive profit by pricing the selling price of the units at a higher range. No one in the right frame of mind will want to fork out a cool million bucks for a pigeon-hole, despite its location.

@filterfren

I am suggesting that for future Tamarind sub-sale price based on your personal thought. If you are

Pessimistic = 0% appreciation (like filterfren said) for 6-7 years
Optimistic = 10-20% appreciation (like I said) for next 5 years
Neutral = break even (after deduction of misc fee) for 3-5 years

Good locations are hard to come by now with the scarcity of land especially at this northern part of Penang by the sea. My view is that E&O are targeting those foreign buyers and Chinese nationals are one of them. We are in the midst of recession and next year is going to be tough. Whatever it is, buying for own stay is still a good option if the price is right.

@Timmy
Most likely pool view and sea view not so sure. Those should be unsold units and there are not many left. Tower A maybe much sought after unlike those facing TNB station.

There will be about 100 households of evicted residents from the slum of Batu Feringghi moving into the low cost flats next to Tamarind very soon. Good luck!

Currently up to how many floors already?

Tat Sing :Currently up to how many floors already?

reaching 30 I believe……my unit at 2X floor already asking for progressive payment.

I can’t speak for all but only for myself:
I bought a unit here eventhough I could get a cheaper one elsewhere but the address and the location was what I am after. I was adamant about getting one around Tanjong Tokong as I wanted access to makan places and the city, and of course the sea.
Secondly, E&O. I can rest assure the condo will be painted plus the lifts, pool and landscape will be taken care of. After all, they have a reputation to uphold. For the extra price that I paid, it’s moved-in condition. Love the huge balcony. The toilets are nice. Hate the parquet.
Tesco is just across the road so that’s a huge plus point. But what I am more interested is the new island that is being built. Once built, it’s going to be a major attraction. I can imagine myself jogging, e-scootering across the bridges to the island daily. I equate it to Sentosa island in Singapore somewhat. When Sentosa progressed, all properties prices on the mainland shot up drastically. The same goes to Clarke Quay. Now we see a trend around Shangrila hotel in Bangkok by the riverside. I hear they planned to build a train station near the Tamarind.

What I dislike:
The low-cost housing in front. The somewhat sleepy mall. I hear the marina will be gone.

Other condos which I was interested in:
Surin, very nice seaview, good price except for the floating mosque in front
10 island, great view, good price, shoddy workmanship.

I’m certain the price will rise. How much will be heavily depended on the economy and the demand.

Well spoken. Agree with your comments.

We have the same thinking and idea
Fairly comment and no bias

@Huppo

You said something that dont make sense …”Secondly, E&O. I can rest assure the condo will be painted plus the lifts, pool and landscape will be taken care of”.

The ongoing maintenance of the place has nothing to do with E&O, as it will be up to the owners/JMB/MC, no matter who the developer is. So whether E&O or not, no diff, not to say that E&O is any big deal. In fact, it’s workmanship has always been just average, but the price is always way above average. Hahaha.

@Huppo

You didn’t mention about the 6-storey TNB mega station next to Tamarind? Don’t know or forgot or not affected becasue your are in Tower A?

@Huppo

Agree with your comment.

Siew :@Huppo
You said something that dont make sense …”Secondly, E&O. I can rest assure the condo will be painted plus the lifts, pool and landscape will be taken care of”.
The ongoing maintenance of the place has nothing to do with E&O, as it will be up to the owners/JMB/MC, no matter who the developer is. So whether E&O or not, no diff, not to say that E&O is any big deal. In fact, it’s workmanship has always been just average, but the price is always way above average. Hahaha.

Tamarind is using Kerjaya Prospek as main contractor, and it is one of the top contractor in Malaysia, building many famous flagship projects. Don’t compare their workmanship with those 阿狗阿猫 contractors used by local Penang developers.

Totally different level.

buy the peak at mount erskine la… i have 1 client unit for sale only RM490k, reno unit. interested call me at 0I6878208I

Nova :
buy the peak at mount erskine la… i have 1 client unit for sale only RM490k, reno unit. interested call me at 0I6878208I

Wahh price drop! On 2015 my friend bought the peak subsale at 550k… now only worth 490k?

I better wait it drop till 400k, LOL

Dont lie la
The peak only 350k,
Or may be you can wait till 300k
And wait long long

Why is ‘The Peak’ price crashing down so badly?
Price of 450k will be a steal.

Any news if the TNB construction has started?

E&O upon obtaining CCC and after delivered its vacant possession to all purchasers will still be managing Tamarind for at least a year until the owners themselves formed their JMB to take over those responsibilities. Developer still have their say during this period.
I have confidence in their quality & workmanship, that’s for sure.

Anyone can confirm the current status of project?

Also has construction started on the TNB?

My understanding is that this project currently being built according to plan and should be completed by end of next year unless something which we are not aware of. The success rate of Tamarind is overwhelming as what been reported by the Star recently.

Can Tamarind be use for Airbnb?

@jason ng
Yes. Tamarind is developed under commercial title.

It’s up to JMB / MC decision to approve or ban BnB, so it all up to the owners voting.

Hi Tan and Lam,
got Property agent told me Tamarind is commercial Title but under HDA (Housing Development ACT) so it is not allow for AirBnB…is it true?

Yes can use it as Air Bnb as it built under commercial title

Cannot use as air bnb because during purchase got sign a notice stating cannot use as service apartment (house rules).

sure, I did not notice, let me check. If that is true, I want to sell my unit

I was told S&P agreement stated clearly that business operations is strictly prohibited which includes home stay for this project. Those owners in doubt here can refer to the guidelines provided.

Pity owners lost the benefit of being commercial title.

Commercial title under schedule HDA is allowed for AirBnb Usage,just check with my lawyer.

Better not use it for AirBnB lah. Nowadays, many youngsters can afford the RM300 a night, they use it for drug parties.

It is easy to find out whether home stay is allowed here but whatever, the future residence of Tamarind will have the final say for sure after the formation of JMB.

It’s official! Downtrend in property market has started across the board. The not-so-good locations, especially landed houses, bear the heaviest brunt. As for Tamarind, price would either be stagnant or only fall slightly lower due to it’s strategic location. Looks like, this time, this downturn would last several years. A turnaround in the property market would depend on the results of the upcoming elections.

Those who bought for own stay won’t have to worry much. Speculators are still having a hard time. Next two years will be crucial. Properties in good locations are still in demand.

International school building nearby…..another good catalysts.

I’m quite sure the price of Tamarind won’t fall as actually it has increased to a million bucks for type c. Check it out if you don’t agree.

U are a typical joker loll@Phang

Have you call up to check. Initially I don’t believe but my friend phone up to clarify. Let us know the answer after your call.

Phang :
Have you call up to check. Initially I don’t believe but my friend phone up to clarify. Let us know the answer after your call.

Those over million price tag could be those type C pool view facing units. those jazz hotel or tnb facing units, i doubt their price hit 1 mill so soon

Just to share. My sales guy told me E&O no longer offer 5% or 5+2% rebate for The Tamarind.

Whatever it is, the price have appreciated definitely. Exciting news as very soon the construction would reach the top floor but at the same time request for progressive payment also coming up fast.

@Phang

Nooo……cannot say whatever it is one, must know the reason for the price increase. Is it REAL “market” induced price increase, or ARTIFICIAL “developer” induced price increase? There were many brainless people who got their fingers burnt because they bought into an artificial bullish market a few years ago.

If gt water fish= price increase or syiok sendiri, can sell back to developer or bank with profit 100k only even price already increase 200k? Must waiting water fish or earning nothing

Regardless of any project, I never heard selling back to developer or bank. If got, let me know. Thanks.

Progressive payment billings are coming up very fast, super crazy, very aggressively. For sure, keys would be handed over by Dec 2018, which is just slightly over a year away. Looking forward to moving in fast.

my progress interest already 35% billing. Since already build over my unit level.

how about others?

For me, they have not billed me anything yet after the initial 10% because I write in a letter to cancel my purchase and asked for the return of the 10%. E&O seems reluctant to let me cancel, and offering me more discount for another unit.

@rina

Have you signed the S&P?

Dont worry, Rina. You will get back your 70k+ eventually. After all, E&O has made humangous amount of profit from selling nearly all of their pigeon-hole units. Some buyer will come along and purchase the unit you want to cancel. For 1 unit, E&O cannot afford to put their reputation at stake. They may try their level best to persuade you, though. Don’t give in! I’m confident you will get your money back.

This project will bring in profits. Though properties in Penang are still sluggish, there will always be people looking for good locations to buy unless you bought it at a high price. I heard there are those who paid below 700k for type c units. Probably those are early birds. Anyone here managed to get at that price I wonder.

Phang :
This project will bring in profits. Though properties in Penang are still sluggish, there will always be people looking for good locations to buy unless you bought it at a high price. I heard there are those who paid below 700k for type c units. Probably those are early birds. Anyone here managed to get at that price I wonder.

Those tower A facing jazz hotel , low floor units.

@Tee
With one free car park, right?

I think so but I met one buyer who told me he got level 17 tower A. Lucky guy and you’re right only one car park. Still I consider a good buy. You can’t ask for more.

I wouldn’t pay a single COIN for an extra car-park. It’s daylight robbery.

Below 700k I don’t know, I have only met a few waterfish who paid almost 900k for 1000+sf. If they bought it for investment, it will be negative cash for a long time.

900k+ for 1000sft are those are pool view facing units, for own stay will be great with the nice pool + seaview. If they bought for rental play then good luck to them.

@Phang

You mean 17th floor with less than 700K after discount? I don’t think so because E&O has price list for every floor and every unit.

@buyer
Own stay not so great either, as poolview can be noisy on lower floors and sea-view is only partial. Some of these waterfish overpaid by a whopping 260k or so for the same 1047 sf units.

filterfren :
@buyer
Own stay not so great either, as poolview can be noisy on lower floors and sea-view is only partial. Some of these waterfish overpaid by a whopping 260k or so for the same 1047 sf units.

260k differ for same floor different view facing?

I bought block A level 32 type C for rm714k

@Lol

With one free car park?

I believe only corner units can have a wider sea-view that is tower A unit 17 & unit 20. Tower B will be unit 18 & 19. but those units are over a million dollars. I understand some other type C units may have partial sea-view which will be an advantage. Not sure which are the lucky units.
Agree, buying additional car park for over 30k is expensive.
Level 32 for Rm714k is considered reasonable.

@Lol

Your level 32 RM714K is after 5+2% rebate, right? Meaning S&P price is higher, right?

Correct

@Phang

@BY

Yes, I know there are some purchasers who bought at middle floor below 700k after discount though with only one car park. Still a good buy, probably the timing was right. Sometimes there are couple who only need one car park as only one person drive. I still feel the actual price you pay is important based on current market situation.

@Phang
Where to park for those have 2nd or 3rd car?

Even my condo came with 2 cp, I still bought additional one.
Can’t imagine if I only got one cp.
You may need it in future unless you bought it not for own stay.

@ranee

I agree with you. 1cp is definitely not enough.

Totally agree with you all. Nowadays even with 2 car park is insufficient but my case is different. I don’t need 2. Of course if your family plus children stays together then 3 car park maybe just nice. My previous condo I let one of the committee to park as I don’t need the extra lot. The future we don’t know and can’t predict, should the need arise then will have to find other options.

@Phang

Agree it depends on case by case.

How much will tamarind units rent out for?

Daily 200. Monthly between 2200 to 2800.

Anyone knows if TNB has started construction?

@filterfren
You so great, building not even complete but you know the rental rate already

@filterfren

Reasonable estimation.

filterfren :Daily 200. Monthly between 2200 to 2800.
Anyone knows if TNB has started construction?

This is giving negative cash flow for most of the owners, good luck.

@BB

That’s true, negative cash flow. But that applies to almost all properties nowadays, because prices are simply too high compared to rental rates.

@guitarist

100% agree with you.

Saw the actual unit photo for type A and type C in closed group. Awesome, same as what seen at showroom previously.

E&O, still at it best. thumbs up !

@BY

Whenever someone tells me they want to buy for investment nowadays, my advice to them would be, unless you’re prepared and can afford to hold it for at least 10 years, otherwise you’re just looking for trouble.

Tang :
Saw the actual unit photo for type A and type C in closed group. Awesome, same as what seen at showroom previously.
E&O, still at it best. thumbs up !

how to join closed group? would like to look at the pics too..

guitarist :
@BB
That’s true, negative cash flow. But that applies to almost all properties nowadays, because prices are simply too high compared to rental rates.

Wait, GAP will close overtime

@Asking

Yes, that’s why I said have to hold for at least 10 years.

guitarist :
@Asking
Yes, that’s why I said have to hold for at least 10 years.

Or wait till rental demand goes up

Lol hold 10 years? Interest for first 10 years atound 300k, hold more = pay more interest to bank, u earn nothing if u dint calculate nicely

Wait rental demand goes up? Rental only will keep cheaper due to over supply, last time the light rental around 3k, nowadays around 1.5k, y? Go mudah search u will know

Temporary negative cash flow is still better than sitting doing nothing and let it be forever negative.

If you buy for renting out ,i suggest buy low cost 700k tamarind = 4 low cost flat =each flat rent out min RM500 , u earn easily rm 2k per month , correct me if im wrong .

Phan :
Temporary negative cash flow is still better than sitting doing nothing and let it be forever negative.

Blue chip stocks are better but property has leverage and tangible.

First, low cost flat is not meant for rent out. If one still insist to invest it for rent out, then who will be your potential candidate? Middle income group or high income group? High chance low income group or so call poor people, who can’t afford even owning a low cost flat, will be your candidate. If they are poor, do you think easy to get the rental from them? And you are talking about 4 units. My goodness. Experienced this before and very tired of chasing rental. Full stop.

Phan :
First, low cost flat is not meant for rent out. If one still insist to invest it for rent out, then who will be your potential candidate? Middle income group or high income group? High chance low income group or so call poor people, who can’t afford even owning a low cost flat, will be your candidate. If they are poor, do you think easy to get the rental from them? And you are talking about 4 units. My goodness. Experienced this before and very tired of chasing rental. Full stop.

What if the tenants don’t pay up

@Stocks

If tenants don’t pay up, halau them out. You are lucky if they follow your instruction immediately. Most cases, you will loose a few months rental from them. And I agree with you, blue chip stocks sometimes are better. Or maybe just keep your money in the bank. Or diversify your investment. It all depends on one’s appetite and analysis. No right, no wrong.