The Tamarind
The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It is also well connected by strategic access roads to many amenities including schools, medical centres and shopping malls.
This development comprises two 33-storey towers of service apartments.
Project Name: The Tamarind
Location : Seri Tanjung Pinang, Penang
Property Type : Executive Apartments
Tenure : Freehold
Total Units: 1,104 (To be confirmed)
Built-up Area: 1,042 sq.ft. onwards
Indicative Price: RM 600,000 onwards
Developer : E&O Property Development
Estimated Completion : 2019
Location Map:
Contributed by reader (Update 18/07/15)
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@DK
No matter how “sui”, no matter how nice the lanscaping is, it will look old and worn out 10 years later, especially when you have 1000+ households in the project.
After doing some research on condo density, I have decided not to proceed with the S&P. 1000+ units in such a small piece of land, that’s rare even in Spore.
dangerous thought that can easily get burnt
@investor
Free market bro. I think you need to relax a bit. if you didnt buy dont have to share your expert opinion. If we need your expertise in predicting markets we will surely let u know.
* Clap hands *
@sour grape
lol. relax bro. no need to be so defensive. if your investment is so bullet proof, why bother?
@investor
You relax bro. Seeing you try really hard. I feel your pain. I lose or make money also your problem?
@sour grape
People buy for own stay. You also want to say this and that about people’s property. You better worry about a roof over your head first la before being kepo here and there. Honestly we dont need property expert rhay claimshe knows it all. If you know it all you wont be here commentinf la. You will be making big bucks somewhere else la. Diuuu
@sour grape
walau. toilet mouth. still want to say relax. lolx.
Toilet mouth also your business. No wonder you call yourself investor. Everything also your business.
@investor
My advise to you. If you didnt buy. Jist sit back relax and watch the show. Dont need to be expert and claim you know a lot. Talk south talk west. 4 years later all of us will know who is right or wrong. Talk a lot now means nothing. Zero substance. Let time tell. Simple.
i think @investor meant good when he said it is dangerous.
do not take things for granted. the price has been appreciating, but if your holding power is not strong enough, buying properties can be dangerous.
Anyone knows if buying car park during sign SNP, do we need to inform E&O upfront or just buy on the spot…. I am considering if E&O can arrange side by side car park for buyer.
Thanks.
May i know that when blk B will be launching ??
After April, when most of the Block A buyers sign their SnP…
@investor
Sounds like u are very professional in this line , if Tamarind not a good invest so can u share with us which project is better than Tamarind.
Thanks
After much thinking and research, I have decided to cancel my booking. The density is simply too high for comfortable living. Traffic at the guardhouse entrance will be madness during peak hours. Even Gurney Park with 500+ households has 2 entrance (1 at Kelawai & 1 at Gurney). The residents decided to open the second entrance due to congestion at the main entrance initially.
@bella
Which unit is yours? When did you cancel it? I am interested. Will head to the E and O office later.
you need to inform E&O before go signing SNP, so that your SNP price will include your extra carpark.
And for 1047sft unit, you won’t get side-by-side carpark, the nice location (extra carpark) will based on 1st come 1st serve (sign SnP) basis.
So if you plan to buy extra carpark for your unit, wait no further, get your loan offer approval asap and go sign your SNP. Else your extra carpark will located at far far away.
Tamarind 1.1mill 1372sft is it facing seaview (no.19/20) or tg Tokong view (no.1/2) ?
If seaview then it is good buy over Quayside because your target tenant is ‘family’.
I saw something shocking today. Jazz Hotel has installed 7 or 8 giant exhaust fans, aiming straight at Tamarind. Those units #3,#5,#7 on 7&8&9th floors will be having “extra wind” flavoured with Jazz menu of the day. Congrats!
@kitty
what is on 7/8/9 floor of Jazz hotel ? restaurant ?
I hope the chefs will not use lots of garlic in their cooking or else the units will smell garlicky . lolz . The owners of the units better have very long holding power because all the smell is going to make the units very unattractive to potential buyers hence hard to sell later on.
@kitty
Oh no… really bad news for the buyers.. why the new condo built so close to existing one? Here is not Japan or Hong Kong rite?
I think the units facing Jazz are not #3-#7, instead #9-#17.
what make you so sure about the unit facing?
Jazz got 2 blocks, Jazz condo and Jazz hotel. #3-#7 (and maybe #9) are facing Jazz Hotel, #9-#15 are facing Jazz condo
units 9-17 is facing the other half of jazz….the front units will be facing the fans..i sure hope its not permanent.
@jolly
It is permanent for sure. That’s part of the exhaust/ventilation system for the hotel. Well, if you think positively, just treat it as extra wind. OR, if they install air reflectors, those 2 floors above or below will get it (depends on whether they reflect the air up or down). Normally they will reflect it up. Good luck!
In fact, there are more surprises coming up. I will reveal it one by one, slowly but surely. But you must remember, E&O normally won’t go soft on pricing, but it seems they are making an exception this time. Things don’t happen for no reason. Buyers beware.
hopefully the air come out frm fan will not direct to tamarind building, jazz hotel should install big pipe and make sure the air come out and pump to own land
Don’t worry. Set back more than 100 feet guaranteed. I went to site to calculate.
instead of fan air, those units should worry more abt the fan noise, can be quite annoying sometimes
Besides, the fans are at level 5,6 and 7.
They are air con fans and not cooking fans.
Sh*******t!! Must be very “good” feng shui having those big fans right in front of your unit, with those big blades slicing you up 24 hours a day every day of the year. Hhmmm…I have never imagined, NEVER, having rotating blades for a view! Seaview, yes. Hill view, yes. Building view, yes. Blade view, that’s never heard of!
All low floor unit are affected..very bad…luckily havent sign s n p…plan to cancel my unit..
Who would want to spend nearly RM1 million for a unit with a view of 7 to 8 giant fans ….the view itself is unsightly and the fans are noisy for sure , the longer they run the noisier they’ll get . No wonder E&O was in a rush for buyers to sign s&p , lolz.
All exhaust fans, either kitchen or aircon churn out hot air and loud noise, probably all day long if it is from the centralized aircon. sigh…
Dragon Fruit mind to share what is your unit number and price please if you cancel then maybe we can go and take thanks
facing aircond hot air exhaust + fan noise u also willing to take up ?
Good thing I haven’t signed the s n p. Wait for more news then only decide. No hurry.
@Dragonfruit
when u will do cancelation, i m interest ur unit.
@Dragonfruit
if not mistake ur unit is face Jazz,lower floor, corner, price below 700k, am i right ?
those direct facing the giant fans are priced below 700k, except the expensive unit #1 (1372sft)
Yes! @ml…well one good soluttion to this is that e n o to plant big tall fern like trees to block all the fan view …so it ll be tree view 😉 must tell e n o !!!
today hv contact developer to get a unit @750k but developer said still dont hv any unit for me and ddint hv any unit cancellation
@Dragonfruit
May i know ur unit already do cancellation ?
really disappointed by the giant fans, what can the buyers do? diuu
I meant the subsale price. Even if E&O manage to sell all of the units by lowering the price , the owners will have a hard time trying to find a potential buyer later on when the subsale price increased significantly , a needle in a haystack for sure with that kind of price for a rotating blade view property .
ya…better do a complete DD before signing on the dotted line..imagine open your window and all you see is the giant fans..
for those with so called sea view (the sea seems quite a distance away..?_) – what happens to the view once construction on the new island starts?
I think the lower floors are around rm600k. There will at least 100 feet set back. So it is not going to be near. For that price I think it is a good deal.
Got it at 700k actually..
@archie
island views!
@Dragonfruit
Already help u to estimate the distance between ur unit no.7 (Frm balcony) to Jazz carpark is @150′
how do you do the estimation? now the piling not even done yet. Unless you are insider staff..
150 feet is very far already.
Just checked today, the distance is about 50ft only. The exhaust fans really a big turn off for buyers or future buyers. Ceiling height also quite low. No wonder can be so high dense in such a small piece of land.
Unit 1 is 50 feet. Unit 3 is 80 feet and unit 7 is 150 feet. Just checked this evening. But unit 1 is a corner unit so it’s balcony doesn’t face the fans. So the nearest unit that faces the fan is unit 3.
How about block B price ? when will launching Blk B ? Hv any news ?
Unit 5 is 100 feet. So no worries quite far.
I believe that the exhaust fan still have cover uninstall yet, the air will pump down to jazz own land.
Something very close like The Vertiq and Pearl Regency or Platino ?
Some sales persons they have. So sarcastic and lanc
Today i hv called with developer to get a unit but just left few unit at top floor @9xxk, Blk B not open soon, just for do resgistration only
Yes, the sales person in particular the sales manager has an attitude. I told them that regardless of whether they are selling a RM700k property or a RM10 mil property they should answer all questions professionally. The manager once told me ” if you do not want the unit, we are more than happy to take it back as the queue is very long”. I was a bit taken aback by that answer. But, that is E&O sales persons for you.
@lil
WOW!! that is really “PROFESSIONAL”!!
A fish rots from d head down.. no wonder the subordinates deliver d same quality of service!
such a big turn off with this kind of attitute
they are after all just makan gaji only!!
@lil
WOW!! that is really “PROFESSIONAL”!!
A fish rots from d head down.. no wonder the subordinates deliver d same quality of service!
such a big turn off with this kind of attitude
they are after all just makan gaji only!!
Makan gaji and with dog eye? How high class they r? Will they purchase asset 700k to 1mil without clarification? Pasar buy vege also ask price 1st lah not to said asset, committment 3 generation for this price tag
“Rotating blade view”. No wonder got so called very reasonable price units in this condo lar. Seriously those buyers really dont mind their units facing the rotating blade 24 hrs, as long as it is “relatively cheap”?
wow…..a lot of firing and flaming over this Tamarind thread, summore spill over to The Peak and Setia Sky Vista thread.
Is this Tamarind too good deal until all other ppl come in and attack ?
Hi, I am not E&O staff and I do empathize with you guys for that kind of treatment you get from their sales.
Just to explain why they behave that way.
(1) They deal with rich people everyday, rich as in buying few properties at one go with cash.
(2) When rich people buy, they buy the best, regardless of price, and they buy with eyes closed.
(3) The sales manager is struggling with his hormones imbalances, likely caused by his pair of very tight pants. The ladies there don’t like him anyway.
I am not defending their arrogant behavior, but pls understand their situation.
Totally agreed with you, i went there to see the show unit and guess what, i stood in their office for so long and not even a sale person come and greet me, they don’t bother me at all, finally i have to follow another customer and visited the show house.
I just don’t understand what is so good about Tamarind after i visited the show house.
Only one word “Disappointed”
To be very honest, I had the same treatment as well. I was there with a friend and I was told to hurry up otherwise they would make room from others. I took my stand and told the sales girl off in front of everyone. I said” we know you are selling something that is very attractive but that doesn’t give you the right to talk to us like that, you are being very rude and you need to learn some manners”. Manager came to enquire, we said that the sales person is rude, then she apologize for her rudeness.
I prefer the previous sales team, the previous sales manager Jeremy Chee is really good, too bad he is not there anymore. They really need to hire quality people and not rubbish. A lot of them are new and the old ones are way too snobbish. They need to learn organizational behavior and social skills again.
The way the sales persons behave is probably due to their management’s strategy to exercise a secretive pricing strategy. Also, the manager that I was referring to is a woman who has a massive superiority complex. I shall not speak her name but she is not that young.
This Tamarind product is good buy, but the sales staff’s professionalism/attitude is really worst, especially the senior ones.
Anyway I was entertained by a newly joined sales staff (a freshie), and her attitude is way better than the rest…. LOL
Those sales person went thru training to recog who r potential buyer and who are not. They can even tell u which type of white man will buy and which type just enquire for fun, was told. Unfortunately they never bother to learn how to treat all customer politely.
That’s really true. I was also attended by the girl u mentioned. she should lead the rest. Only she didn’t show the arrogant attitude to me.@jeff
@Buyer
hah? u get to c the show unit? i was told by the sales person with d fake sincere look saying “sorry d show unit is still under construction so i cant bring u in” gosh.. so terrible
i stood there for quite sometimes also only a sale person came to me after instructed by her superior i guess (They were all sitting there chatting at d time i walked in)
when i asked her d first quest “is this tamarind sales office?” guess what she answer with her sarcastic smile “No. this is not tamarind sales office? this is E&O sales gallery. we dont only sell tamarind here.” WHAT THE!!
i never deny the quality E&O deliver in fact i love all their products but what kind of sales persons they have.. really facepalm
Emailed you!
Aiya…..why you people so free go and attack the poor lady.
I have good news for you lah. After you hear the news, you won’t be angry with her anymore.
Insider info tells me that for Block B, the selling price will not be increased. They will either take away the 5% rebate OR the 8% discount only.
Then you ask “how come? that doesn’t sound like E&O”.
Haha, that’s right. That does not sound like E&O at all. But they have no choice, because the development approval was given by the authority under the condition that developer is not allowed to adjust price for subsequent phases of launching (except for rebates & discounts). So, stop scolding the bi+ch, treat her nice in fact. She might reciprocate your kind treatment during Block B launching.
Heard the Island plaza is going to cease business soon and convert into a medical centre, is this confirm ?
@guanfong
I think will take away the 8% discount, and 5%rebate will remain. This 5% rebate is attract buyer when sign the snp with low down payment. Average housing price is 800k the 8% also need 64K.
@KL
Island Plaza cannot “cease” business, because some of the commercial shop lots are still individually owned. The current main landlord has signed an agreement to sell the portion of island plaza it owns, but whether the deal goes through or not still pending due d by the new buyer.
then what is the starting price for block B ? the price can’t be same with those Jazz hotel facing units ? (since that 1 is the worst facing).
facing direction different, view different, no reason why the price cannot be different… the question is by how much..
I heard that even for returned units from Block A prices will be different already.
Anyone know that what will build at the vacant land ( At Blk B right hand side ) ? Temporary the view is very nice for Blk B unit no.2,2A,6,8,10,12,12A,16. Is under government reserve ?
Seriously, why the window at the bedrooms so tiny.. no difference from LMC..
@Blk B
In Penang, seaviews are not guaranteed forever, no matter what you buy or how much you pay.
@kc
Yes, the windows in the bedrooms appear to be small. No diff from LMC? Maybe. But LMC windows are defined by not only the size, but the window frame, glass color, handle etc. But you are right, the size is small.
@kc
There is going to be another condo next to block B in the future.
@kkau
The windows are really tiny.. Looks like it is common corridor design, can’t drill hole for the kitchen hood exhaust. A bit disappointed with their design, not value for money at all.
what project name ? is City of Dreams condo? My banker said that project is at the reclaim land in front of Marina Bay condo.
Is thr any difference to sign s&p now or after april 1 whr gst comes in?
Why no image foe Tape C?
@kc
Value for money? Well, it depends what your definition of value for money is.
(A) A good japanese quartz watch will set you back RM 500, it runs accurately to the seconds, no servicing is required, and any tom dick watchshop can replace the batteries for you when it’s flat at value for money price. – resale value –> ZERO
(B) An automatic Rolex will set you back RM 30,000, it runs half as accurate as their RM500 japanese counterpart, needs servicing every 5 years that will cost you a bomb. – resale value –> almost as much as when you bought it, if not more.
So, don’t get yourself stuck behind the tiny windows. Open the windows, so that you can look far.
@Dragonfruit
No different before or after April sign snp, Tamarind project dont hv GST. Just hv different when u r late to sign snp all good location carpark will taken by other buyer, and hv different maybe ur unit will open to other buyer.
@GuruPitka
Can you transfer your S&P right to someone? I am interested. Tq
@Wong
What type of unit are you interested in? Low, mid, high floor? Unit #? Budget?
@GuruPitka
You are not answering his question.
@kkau
Bad design is bad design, no matter how you twist.
@kc
95% sold. i guess everyone likes the design. At the end of the day, it is location and the results
@soldout
Your 95% sold will be there for at least 1 year. Looking forward to see you showcase Tamarind in all the upcoming property fairs. It is still in VVIP preview stage right?
@kc
What is wrong with vvip preview? You mean to say other projects don’t have? Then how to sell. You very weird. You mean you don’t buy a project if got vvip preview? Even in Singapore all projects also got vvip preview. Why is this such a big deal?
Design of window does not dictate whether it is LMC or not. From all your comments, nothing good comes out from your mouth. You are very picky, fussy and next to impossible to please. Therefore no project will suit you. You got to buy your own land, design yourself and built it too. Best to have no neighbours next to you or else later you get unhappy with the way they park their car, put their things etc… Be hermit best. That way you will finally be happy.
And whether 95% sold or not for the next coming year is none of your business.
@Rus
As we go through more questions, the answer shall reveal itself….:)
@kc
i am buying for own stay. So, i am happy with my purchase.
According to DMC Page 23 last paragraph
2.0 Occupancy. Point 2.1
Is meant for private residential dwelling and shall be used exclusively for such purpose only. The purchaser SHALL NOT Permit or suffer any or to use the same or any portion thereof or any other business or commercial purpose…
In short no short term rental or cannot be used as a service apartment…
can someone explain if everything are residential why the quit rent/assessment at commercial rate? what sort of rationale behind? If E&O can convert the service apartment to executive apartment, why cant they convert commercial to residential land? cannot see the logic of paying commercial rate yet not allow commercial purpose. If I pay commercial quit rent, it would imply that I can run commercial activities, then why cant I operate homestay? confusing!
Many people are blind sided/ easily use the excuse of commercial rate quit rent. However we are signing under Schedule H intended for residential. The unit itself is therefore govern under Residential rulings. If argument is you are paying commercial rate, then maybe you find the part of the condo which is NOT under Schedule H. Common area maybe? Can common area be used by individual for occupation? Of course not lar!
@confused
It is because the land title is commercial land.
You wouldn’t want to downgrade your property right?
Commercial land has the highest premium.
Thus commanding higher selling price and rental, unless you want to sell cheaper or rent cheaper.
This project from what I know is for Residential use and that is why there are no commercial shop lot unlike City Mall by Ivory opposite Island Plaza. So SPA is signed under Schedule H. Tamarind is not a SOHO, SOVO or small office. It is a 3 bedroom residential unit.
A simple theory but still so many stupid can’t understand
I think those that still ask is they still don’t get one and consider to get one in block b
Remember when before this question come out all the unit already grap by the risk taker or smart people
@Stupid
Actually, they all understand it very well, but just cannot accept reality.
@hosay
Nothing wrong. It might be sticker game by developer… always 95% sold. I have seen many hot selling project still have units to sell 1-2 years after launch. Sold out projects don’t hu ha so much one..
@kc
If developer want to play sticker game, we won’t know. So up to you to believe or not. Best you go to E&O and pretend to want to buy. See what they have to sell you. Anyway why scared if they still got some to sell in 1-2years. These are only some few leftovers. You should only be worried if developer fail to complete project and gulung tikar. E&O won’t close down as they have such a big development coming up (STP2). And if your decision to buy or not to buy a project hinges on whether the developer plays sticker game, then this tells a lot about how you make decision. In property investment, location, price, developer reputation (past projects and future plan) etc are more more important than sticker game. And what makes you so sure they play sticker game. Only if you work inside then you can confirm that. If not, your guess is as good as anyone elses.
Truthfully, my family circle of friends already got 5 people bought. We only found out later after we bought that our other friends ( father’s friend, mother’s friend and sister’s friends ) had also purchase Tamarind. So we truly believe this project is a good buy and demand is not fake.
Welcome to join and discuss in the face book
The tamarind by E&O
I also bought one type A for a very good price of 940k post rebates. I’m a happy man no matter what other negative comments out there
becos I know I’ve made the correct decision. For those existing Tamarinders kindly join our FB page for more constructive discussion, rather than keep repeating the same topic over n over again.
No sticker game lar. If you were there you would know that there were so many people queuing to get a unit for 3 days in a row over the weekend. Loan rejected and return units sure have lar but limited units only.
@Samwise
Don lie la
I go there second day of launching
No body queuing ……
Cause all the unit grap before launching and first day of launching
Hahahahaha
@James
I Went on Thursday, Friday and Saturday.
which thursday / friday / saturday ? is it the weekend before the CNY 21-feb official launching day?
I was there on the weekend before CNY, they only open for E&O existing buyers. A lot ppl !! all have cheque book on hand.
@James
second day of launching
No body queuing ……
Ya,u r right. I m there also. No body queuing, bcos developer already dont hv unit for booking, so no need queue
You guys went different week. We went 1 week earlier than you guys.
I went 2nd day for E&O ex-purchasers. All of us go with cheque book on hand. Got a friend bought 3 units at one go. One each for his children.
To those who say it is sticker game, you should know this is false as so many people say only a few units left on 2nd day of PUBLIC launch. So why does E&O need to play sticker game.
@Jolly
I’m also happy can bought a unit at Tamarind, although my unit lower floor & face Jazz Hotel, hopefully E&O developer can do the landscaping “sui sui” at 4 th floor so my unit still hv garden view
If buy cash below 700k = you are a winner.
If buy cash above 900k = you can still be considered a winner (just maybe less takers)
If take short term loan (under 7 years) = you break even on selling after 5 or 6 years.
If take long term loan and live in it = then no choice coz u need a roof over head.
Bottomline: You always are a winner if you have the ready cash to buy. Money begets money. Simple theory.
If buy below 700k and take loan (short or long term) but intention is to flip after OCC = you are the smartest money game player.
@neha
Buy house with cash considered a winner??? You get 60-70k interest a year with that amount of money.
No guarantee for a gain when we are in property glut. Property is still an investment.
@Ma
With progreesive payments interest lost over 4 years on say, a 680k unit is only 28k. Can easily sell upon OC at 830k. Gain = 122k (830-708). Nett gain after 15% tax = a cool 103,700 profits. 830k selling price ia 792psf which is the asking price right now for Marinox, 850psf is asking price for Jazz.
My comment holds: smartest money game player at 700k or below if intention is to flip.Period.
@neha
i think 56K of lost interest (680K progressive in 4 years) is more reasonable.
assume selling price of 800K:
net profit = (800-736)K = 64K – 8.3K (selling fees) = 55.7K – 15%RPGT = 47K
you have to decide whether making 47K is worth the time and unknown risks!
@neha
If it is so easy to sell 800k upon OC, E&O can just build then sell. No cash?
@neha
without dibs, most flippers would be getting a loan from the bank, the interests untill CCC will be easily 60-80K, i think one would be lucky to break even, let alone making any profits.
@togos
Let’s asume total of 680k is divided into 7 progressive payments. So each progressive payment is 97142. Interest rate is 4.45% per year. So total interest for 1 progressive payment is 4322 x 7 = 30254 + another 1000 interest on interest lost = 31254.
And yes, I forgot about the selling fees of 1% of 830k which would be 8.3k. And I think 830k price on OC is pretty definite.
Selling price on OC = 830K. Gross profit = 830- 680 = 150k.
Total costs incurred: 31+ 8.3 + RPGT 22.5= 61.8
NETT profit: 150 – 61.8 = 88.2k
My calculations would be for 88.2k profit, its very worth taking a calculated (albeit unknown) risk.
The worst case scenario in a downturn would be you just get back your capital + interest losses etc and call it a day. No gain no loss.
When I bought my first property everyone else said the same thing. Not worth taking the risk. Now it is has doubled. When I bought Quayside everyone said expensive also but now it is has almost doubled as well. When I bought my 3 rd property, everyone said the same thing, now it has gone up by 40%. I am just sharing my own experience. The Tamarind is my 4th property.
Hi,
Need some opinions about unit that is facing break tank? Will it be noisy? Will water leak happens? Resale value lower and harder to sell?
Thank you..
well..the return of investnment does get smaller in percentage? doesnt it? it would be my fourth as well but i didnt. but still..all the bestvwishes!
@jason
Doubled yes ….. but what about all the interests, fees etc paid over all those years. Was that free of charge? Lets say you have rented out your houses and recovered part of the interests. Then the only logical conclusion that can be deduced from this is that you may be loaded. A regular Joe cant play the game the same way as one who’s loaded.
@Jason
first time… second time… and even third time is a charm… but
fourth time u r playing russian roulette!
@janl
True it does get smaller by percentage over time but let’s not forget that our ringgit depreciated substantially this year. Giving way to inflation. Coming of GST as well. I earn in AUD and hence 1AUD is almost rm3. I am just saying prices won’t be getting cheaper because our government imported inflation by allowing our ringgit to drop.
The end is near, behold the underlying truth…
Do u know in order to borrow One Million Ringgit, what is the require monthly income? What is the percentage of family household that makes over 10K per month?
which level the break tank located at?
Level 18 and 19.
@neha
I totally agree. If today didnt take the action take out 5% (40k) after 4 years later how to earn the 88K. But i more advice to keep tamarind for more long term ; after 5 year RPGT will be 0%, and STP2 will help grow the tamarind value
@lil
Do you know which unit is the break tank?
Assuming that the an investor buy it with a bank loan:
Let’s say the bank releases the first payment RM97,124 in 2015, with the charged interests of RM4,322 per year. you will be paying 4 times which is RM17,244 (4 years interests).
Then, what about 2nd, 3rd… until 7th. The bank’s interests may be 20 times RM4,322 which is RM86,440.
Now, the profit is only RM30K.
Indeed. wisemen is right. you need to factor in the cost of borrowing. Property investment is lucrative becoz of the leveraging part. The gain is when the annual increase is more than the cost of borrowing.
Thankfully, property market sentiment is still strong.
Also, a reminder to all, due to inflation, cost of constructions inflate over times, but the value of the building itself depreciate over times.
Break tank at level 18 & level19..i booked an unit at 18 floor and shocked whn E&O showed me that the break tank is opp. my unit..During sales, E&O only showed me the genetal layout and didn’t mentioned the Break Tank..
@wiseman
In a way, I think you have your point. For flippers, potential profit is not much, plus the risk of a recession and all, it does seem the potential return does not match the potential risks.
However, for genuine owner occupiers, or for those who are buying for their children, or retirees downgrading to a small size condo, this does seem to be a good deal. I think if they try to buy anything from resale market in that area now (for a reasonably new condo), you can’t get anything less than RM700/sf. Right?
Plus, youngsters nowadays prefer condos to landed homes, especially those that come with trendy landscaping. Tamarind does seem to fit the bill. And sometime buying from developer is much easier than private sellers. Private sellers damn a lot of pattern one, sometimes last minute backout lah, sometimes selling half-heartedly lah, sometimes last minute price increase lah, si peh TL one you know.
just curious, with thousand of affordable houses will be built in this coming years at Tanjung Tokong near Tesco, this area will becomes mixed standard area and also how worse the congest situation.
@thomson
What is the function of the break tank?
Break tank is in unit 7.
Its to pump water up. But not to worry. Room is insulated. With better pump technology, it won’t leak and not noisy. I stay above a pump room now. Even ground floor got pump room.
@lil
Means all unit 7 will be affected ? Cheaper unit comes with many setbacks…
@thomson
Pump room not noisy? You must be joking. Your whole house can be vibrating when the pump turned on.
@Foo
I stay above. Not below the room. If the unit above you got kids who like to jump, the unit below can hear but not above.
You stayed in a unit above pump room before?
Break tank is located on 18-7 and 19-7..Affected unit will be 18-6 and 19-6 which are directly opposite the break tank, 17-7 which is drectly below break tank and 20-7 which is above break tank..
18-5 and 19-5 also affected as these 2 units are just beside the break tank..
Thanx for the info..@VerSus13
Versus gave good personal opinion but then again if you look at all the new construction…
Even with pump room beside or if your unit is beside an elevator…
you will not hear any sound…
unless, you are staying in a cheap apartment then maybe this happens
Land size for Breeza is 3.1 acres = 135,036 sq.ft.
Land size for Tamarind is 6.9 acres = 300,564 sq ft.
Breeza has 2 24 storey towers with a total of 312 units @ 7 units per floor.
Tamarind would be 2 33 storey towers with a total of 1104 units @ 19 units per floor.
I’m wondering if the space left for landscaping, pool and other facilities would be spacious enough to have a ‘feel good’ environment.
@neha
If you have time, go down KL for a few days to get a fresh perspective of high dense modern living.
It would be a great idea to stay a day each at maybe St Marys Residence and Swiss Garden Residence. These are newly completed properties with density about the same as Tamarind (if not slightly denser). Gamuda is selling a new project “The Robertson” in the same Sultan Ismail area on 3.3 acres land with 800+ units. After your stay there, you’ll get a pretty good feel of what you’ll be expecting at Tamarind.
So guys, 1000+ and 2000+ density, why big hoo haa? Don’t be a katak di bawah tempurung lah. Density is not the issue. Tall buildings is not the issue. The issue will be whether our council knows how to make sure the new tall buildings don’t spoil our skyline. Make sure developers don’t build crappy looking buildings.
@VerSus13
Maybe Think more positif way ; ur unit more privacy, didnt face other residence unit and ur floor total unit only 18 unit share with 8 lift. Dont worry now a day already use better pump technology
Nobody wants to have their unit next to the pump room, be it below, above, side or opposite. Sure affect resale value. E&O is wrong for not informing you. Bear in mind there was no chart shown for buyers to view so their salesperson should tell you. Or else how buyer will know.
@Oxford
You mean too crowded a feeling at St.Mary’s and Swiss Garden? Please tell us more about the kind of experience we get from living at high dense places. Thank you.
@neha
Oxford is trying to say why the big the fuss. It is a norm in cities. Heaven said density is not the issue.
In my opinion, high density will not be an issue if you treating it just a place just to sleep after work (work sleep work sleep)….
As for me, i will prefer to have some peace and quiet place after a hectic day at work.
So, my preference will always be lower dense development but of course it may come with a price.
Imagine if one wanted to rest during the weekend and enjoying at the pool but the area was so crowded+noisy.
Just a few cents thought of my own…….
@oxford
If density is not an issue, why so many developers want to advertise low density as main attraction to buyers? Don’t lie to yourself.
@thomson
I stayed several floors above the pump room before, the pump shock is the main reason I moved out. Now I can to enjoy good night sleep everyday…
I think the most affected unit are 18-5, 19-5 (both next to the break tank), 17-7, 20-7 (below and above the break tank). as your unit is 18-6 or 19-6 which is opposite the tank room, separated by a corridor…….I don’t think that has much problem.
now that the location of the pump room is out, it is time for buyers to decide for themselves whether it is worthwhile to continue their investment..
Some complain about low water pressure so must stay near pump room.
Some say near pump room scared of noise…
All the new condo, if you stay beside pump room or above, you will not hear any sound.
similar to units beside lift…you will not hear the lift going up and down at all even if it goes up and down 100 times a day…
Mercedes vs Proton…when you start your engine…you know the difference…
Mercedes is silent…
Property prices are expected to remain stagnant for the next 5 years. Appreciation from S&P date until CCC is expected to remain either at par with bank’s interest rates or slightly below. STP2 to be fully developed would take another 20 years. For buyers buying for own stay, better be prepared to wait 20 yrs to see real appreciation.
@neha
For buyers buying for own stay, they won’t be bothered with appreciation. Anyway, no matter what you buy now (if you have to buy something for own stay), upside limitation is there.
@fettes park
Will you purposely choose a unit next to the pump room?
Can anyone guarantee there won’t be noise? When it starts deteriorating, who is to say there is no noise. If your unit is next to pump room, it will have good resale value?
Engine is still engine. No matter what there is bound to be noise and vibration.
@Fettes Park
I would like to disagree. 1st, pump room normally set at middle floor for condo, so it can pump the water to the tank on top of the building. As long as your unit not at top floor, your wont have low water pressure issue. Experience buyers surely will ask where are the water pump if they are buying middle floor units. Only newbie made this mistake without asking the salesperson. 2nd), beside lift, yes, the lift move up and down might silence, but the door open/close always got sound, and the “ding ding ding” sound is so annoying. Be frank, if got choice, nobody want to buy a unit beside water pump, unless it factored in consideration like “more cheaper”, cant get another unit any more if drop this unit, this is good location”…
@ezalor
Agree. I wonder if Fettes Park is from developer side. If not, why always say no noise. If his unit is next to pump room and he purposely choose to be next to it (not due to no unit left to choose), then ok. But majority (I will say 99.99999%) will never intentionally choose to buy a unit next to pump room if got choice, unless he is crazy.
Tamarind project already get the APDL ? Any Update ?
I am not a developer or from a developer but you guys are blowing things out of proportion…
Choice is yours, if we don’t want to buy don’t have to say its bad…
like some people, when we talk about Penthouse unit…everyone says it is good, nice and the best unit but for those who don’t want to buy or cannot afford will start saying things like crazy or stupid people will buy top floor and give 1001 reasons…
like the saying goes, one man’s food is another man’s poison.
So what I am saying is that, it is not so bad as what we think with current technology…
@Fettes Park
that are reasons why most people avoid stay close to pump room.. noise is guaranteed, water leaking is another potential nightmare..
Fettes park, don’t get so worked up. Like you said one man’s food is another man’s poison. So now we know you will purposely stay next to pump room even if given a choice. We need more buyers like you to help take up these kind of units.
@house
We need more this kind of people, they willing to swap their units with those people that unfortunately booked a unit beside water pump (mostly newbie mistake).
What if the unit is 3 floors below? Is that ok?
@fettes park
Which unit did you get? Tell us lar. So we know whether you really act according to your words. I dare you.
@lil
Preferably away from the pump room is the best.
But some people say beside is also ok.
Its your decision. Always buy when you are truly satisfied because it is our hard earned money.
Fettes Park stays in Fettes Park as his name suggests lah…he didnt buy a unit in Tamarind. hahaha
@dangwangi
Maybe he stay in Fettes Residence and book few units at Tamarind lar. Wait for him to get back on the location of his Tamarind units. Hahaha
May I know what is the distance between the lift and corner plot?
Ranee, since this projectis selling slow, do you think we can bargain with the developer to get more freebies/lower price before you sign the SnP? Also, what is the price that you bought?
I tot
The project selling like hot cake? But now heard many ppl releasing the booked unit ..
@kopitiam
Before I could go further, are you sure you are at the right forum site or suppose at Setia Sky Vista forum?
Facts:
About 12 units returned so far since booking. Nevertheless, all 12 units taken up immediately upon release. 95% sold for block A.
@Jason
Why developer didn’t call me to get the return unit, I hv follow up with them but still can’t get a unit, I think I need wait Blk B open..
Good morning to all Tamarind buyers…
latest insider news about Block-B:
minimum 850k above, for seaview/poolview 1mil+ above, rebate package not confirm, mostly likely wont be as much as block-A purchaser.
Their target buyer for block B are foreigners, so most of the units will be price 1mil+ so can buy by foreigners.
Good luck waiting.
@sean
Oh no..My budget only 800k below
1 mil malaysia ringgit convert Singapore dollar = @370,000, if convert to U.S = $ 270,000. Tamarind price for foreigner buyer is very cheap..
@sean @ why
Medium sized apartments NOT allowed to be sold to foreigners.
Block B is starting from 655k nett price, after 5% rebate on S&P. 8% discount is withdrawn.
@neha
This is not E&O style ler.. Dont know developer how to set the price for BlK B face vacant land unit (2A,6,8, 10,12,12A,16) ? Temporary the view is nice, Will follow the good view price or no view price ?
I saw ang-moh and Japanese placing booking for >RM 1 mil unit (type-A) for Tower-A.
The rule is on the 1 million pricing, not differ by apartment or condo…
@neha
oh man, 655k is cheaper that block A already. does it come with giant fan view?