Tamarind can sell 1mil after oc vs I santoriti only can sell below 400k after 5 years

Tamarind can earn few hunderd k vs I santorini earn nothing

buyer :
Tamarind can sell 1mil after oc vs I santoriti only can sell below 400k after 5 years

Typical flipper mindset. For affordable housing like Santorini, owners can sell off at “willing buyers” basis within 5 years of SnP. After 5 years, no more restriction.

@Song

Hi Song, are you confirmed that after 5 years no more restriction?
Please share your finding if you have any gov website or document to support your statement.
What i learned that even after 5 years, the prices variances and buyers are still filtered thru gov agencies. Please share your thoughts. Thanks.

The rules is affordable home buyer cant resale the unit within 5 years timeframes, and only can re-sell to buyer listed on the gov affordable list.

https://www.penangpropertytalk.com/2013/12/penangs-new-housing-rules-effective-1-february-2014/

2. Affordable Housing

Affordable housing is classified as houses which were initially purchased below RM400,000 on the island and RM 250,000 on the mainland. Affordable housing purchased can not be sold for for a period of 5 years from date of Sales and Purchase Agreement. Those who wish to sell during the first 5 years must appeal to the state government and can only be sold to “listed buyers”. The price transacted will not be set by the state government but will be on a “willing buyer, willing seller” basis by both the “listed buyer” and the seller. “Listed buyers” are those who have registered with the Housing Department of the state government and are certified as middle-income groups that are qualified to purchase affordable housing. This 5 year rule will only cover all properties transacted on or after 1 February 2014. In other words it will not be retrospective but affect only Sales and Purchase Agreement signed on or after 1 February 2014.

@Test
I also very interest to know the criteria of affordable house scheme. State government only mentioned affordable home buyers cannot resale their house within 5 years unless base on dealing price from qualified buyers. After 5 years, seller can sell their unit in open market but do not mention got any further restriction.

For Tamarind, do we need to pay stamp duty? I was told by someone need to pay for the Memorandum of Transfer when title is issued 5 years later. Probably around $20k. I thought all fees absorbed by E&O? Any buyers can clarify please. Thanks.

then I-Santorini is definitely not a good buy.

Mariko :
For Tamarind, do we need to pay stamp duty? I was told by someone need to pay for the Memorandum of Transfer when title is issued 5 years later. Probably around $20k. I thought all fees absorbed by E&O? Any buyers can clarify please. Thanks.

MOT is charged to you upon issuing strata title, which is happen 4 yrs later… of coz EnO not going to absorb it.

EnO only absorb whatever legal fees n stamp duty for now.
normally developer will not absorb MOT for the buyer. Unless the project vy hard to sell…

Yuyu :
then I-Santorini is definitely not a good buy.

Why? Because lease hold? Or because can’t sale to open market within 5yrs?

@BT

Because it is a prominent threat to Tamarind sales. More than 5k eligible home seekers have registered for Santorini because of its affordability.

You yourself said Santorini is affordable. So how can Santorini be a threat when those who buy Santorini cannot afford Tamarind. You might as well say Santorini is a threat to Andaman/Quayside. Talking rots.

@Bestie

If you earn 10k a month, you can buy either one. People have more options now.

Wrong. If you earn $10k, you are the top say 5% or 10% buying Santorini. The rest all earn how much? You rather choose Santorini over Tamarind and stay with lower income earners? Or would you rather stay with higher income earners? Some more Santorini is only 800sft while Tamarind is 1047sft minimum. Moreover Santorini you cannot choose your unit and you can kena car park circle till head pening. Quality another key thing. Density is double Tamarind.

Best of all, if you earn $10k and this is your FIRST house, I cannot imagine why you never buy one few years back when your salary is say $5k or $$6k?! Now only buy and need to wait for state to SELECT you. Not like you want Santorini means government will give you. Like my cousins all waiting but never receive any letter for affordable homes. Told them buy 5 years ago at $300k+. Don’t want, say price will come down.Some more dare tell me why I buy a few properties when price is high. Now they need to queue for $400k still no news.

any units still available?

@Bestie

Don’t be surprised that there are still many earning 7k to 10k a month yet to buy their first house.

@ssrdafont
seaview jazzview gardenview all available…..just go to sale office.

@eh
The lower floors, type C units?

@eh
I went to E&O to enquire. They told me available only the big units facing low cost or very high floor small units facing low cost. Don’t have seaview or facing jazz ones.

Is show unit open today?

@Raymond

Maybe the developer releases some other units recently that they keep.

Can Visit Sale Gallery on Date : 20/6/2015 “The Tamarind Family Carnival” . Show unit open for Viewing

i heard on that day is register who are interested on tower B only. price for Tower B also not sure yet.

Still the best buy for this year. E&O branding. Doubt the future projects will be priced at rm700psft anymore especially it is on the man made island.

Blk B already can book on this sat ? Anyone know the price ?

Same price I heard.

i heard this Saturday is registration for Tower B only. Not Booking yet. price should be RM800k onwards. but they not confirm the price yet.

Still a good price 800k – 13%

i think the discount when they launch Tower B will different already. maybe they will reduce the discount. Coz this is their trend.

Blk B Price Frm RM899,600 – RM2,163,200 ( 1047sf – 1372sf )

@Blk B

where did you get this price from? It is very high.

block B price up so much? any rebates ?

It is still 8+5 but as you can see the list price is from rm899k onwards. To find out more they will be having Tamarind day this Saturday

So small, so high dense yet so expensive… Quite worry this area become another Iskandar.

kenny :So small, so high dense yet so expensive… Quite worry this area become another Iskandar.

another iskandar? wait till you see the income and loan profile of all those Tamarind purchasers.
Half of them are cash buyers. Damn strong holding power. Also no China-developers are here to build 10000-20000 units to cause oversupply. The supply in this area is very limited.

This is the top choice to invest in Penang island. Don’t compare with those tom dick harry projects in Iskandar.

Block A buyers money in the pocket already.

Well…why u all so greedy till never think about our country going for a big loss till our currency have dropped

Hi… any sales person drop me some details?
ychenfei@gmail.com

@jayden

half of them cash buyers? shall we report this to custom officers?

Tamarind carnival fair today!

Any update on phase 2 price?

@Ckl
sales person today said from 800k onwards. however for now only open for registration

Wow blok a and b price diff huge gap

developer run registration exercise to gauge response then they wl decide how much
to sell block B as for sure , like any, they want to maximize their gains..!

if they think market is still BBB, then they will be in for a shock if they increase the prices so much..in this flat market its better to get price it FAIRLY and be able to achieve good sales.

Yes, It’s an exercise, but got good cakes and Sandwiches as well. Ohhh also a free boat ride to e&o hotel for 2, if u let them take ur family photo in the show unit. The master bedroom is so small…

Tower A almost sold out! Only left type-A facing town.

yes, Tower A almost sold out, type C unit left higher floor and type A facing tanjung tokong.

how much for Block B ?
Interested to get 1

@Block B Enquiry

Starting from 800k before discount.

How’s the facilities compared with Quayside? I don’t expect the same, but how much difference in terms of size etc?

any buyer bought high floor unit for unit 12 or 12a type C with seaview for Tower A? May i know how much is the initial launching price after the 8+5 discount?

Whoever bought this project is going to make money. Branded developer plus prime location. Just imagine the growth potential when they reclaim the new island that is going to be 2 times bigger than the current STP 1 township. Besides that, they are linking Gurney drive to this new island.

Price is coming down everywhere, it is going to be tough for investors. Even landed also starts to stagnant.

@Rw
None of the buyer also know the basic question i asked. So i doubt the buyer are informed buyer, they simply shoot.

I don’t know bro but I think tamarind is a good buy that’s all. That’s because the future growth of the 760 acres island is for sure.

Anyone know if there is any unit left for this project?

Everyone is aware of the trend of our property market, especially the impact of tightening financing. A property that can get 90% sold out during soft launch at this time of year really tell something about it.

End of the day, it is not about your liability that count, it is about the asset that you hold that count. What will determine the value of property? Is it how you finance it? or is it the location and the development in surrounding area?

JT:
Tamarind totally can’t compare with Quayside. it’s a different product.

@ong
Yes. They are in different market segments. They are not competitors. They are from the same developer tailors for different group of buyer.

The property market has softened since last year though price is still holding at good locations. Having said that, those who buy at this time are normally with holding power. Some I know bought 2 to 3 units at Tamarind for their children. They are rich people needless to say. Hence I think we need not be overly worried or concerned as to why people are buying now. I just guess they have the money and they see something they like in the said property for them to make the decision to buy.

Jr

Any news on phase 2?

Yuyu :Any news on phase 2?

I am also interested in phase 2

At least 15% increase from the price at tower A

understand from them, still no news when Tower B will open yet. now only open for registration.

E&O will not hurry to launch tower B, since they almost sold out the tower A, which generate enough cash flow for them.

They will wait and see the market sentiment, see whether enough ‘hungry wolf’ eyeing for tower B, then only open for booking. By then the price wont be cheap.

My guess is end of this year (tower B booking)…..since this project is taking 48months to build (completion 2019), they have enough buffer for completion.

I guess anything from E&O will be viewed as a class above the rest. Owning it is like telling everyone you own a Hermes bag made from crocodile skin.

still need to wait ?

No matter what the price is for Tamarind it is still a very good buy and for sure very good capital appreciation in the future.

Paya Terubong new condo is also selling at RM1,000 psf… I repeat RM1,000 psf…

Tamarind the balance available units at Tower A are only going for RM700 psf

1,372sf which is comfortable size
3 bedrooms
2 car park side by side
Unit 1 & 2 are the only units with Low-E Glass…

They have around 30 more units available for the last I check.

Compare the price Paya Terubong VS Seri Tanjung Pinang.

Any rational person will quickly go grab these balance unit.

May it be if you are buying for investment, for own stay, your first home, weekend home, holiday home.

It is 100% the best choice that will will ever make for this year.

lai lai lai… sapu the last 30 units of Tower A before price increase by 30%…

@lailai
How much is the cheapest unit now? At least RM800k d? If yes then I think one needs to earn at least >RM15k per month only can afford this.

May I know how u know there are Low E Glass? is the brochure? thanks

Mont Residence is from $800k. The location is inferior to Tamarind. Paya Terubong also priced higher than Tamarind. So Tamarind is very good value. I would even say undervalue if you compare to those around. Brezza is leasehold and older yet still price on par with Tamarind. The Jazz next door is selling even higher. Some more The Jazz got to pay GST while Tamarind don’t and legal fees are absorbed by developer plus partial furnish with kitchen cabinets.

Of course people can say how to afford $800k. We are not saying everyone can afford. Just like not everyone can afford Andaman. However, we are making comparisons with similar investment range property. It’s for those who are looking at these kind of prices. Then do look into Tamarind for its value.

Tamarind is on commercial title. Utility rates / house assessments etc are much higher. Also 1100 units for the two blocks. That is massive for such a small plot of land. Tanjung Bungah is going to be even more congested that it is now.

Wrong. Utilities is not commercial rate. Assessment yes but you already gain at least $100k from your purchase price. So you already got $100k more to pay for your assessment. You mean you rather buy leasehold or higher price condo now than Tamarind?

Where in Penang won’t be congested? Perhaps only balik pulau or mainland. Well, those places are still cheap so you can look into buying there. For those who want to be near amenities and vibrant place cannot stay at Balik Pulau and mainland.

Hi Nurain

I was told that the corridor for this project is very narrow, and the main doors for opposite units face each other resulting in no privacy. Do you have any info? Also, the main problem of living in such high dense project is the waiting time for the lifts during peak hours. I visited a friend the other day living in Gurney Park with only 200 units per block, but the waiting time for the lifts was like forever. For Tamarind, there’s even more units per block with similar number of lifts. Going to be worse?

Go visit the showroom yourself to view the corridor and decide whether the corridor is narrow. Yes the door faces each other but I do not keep my main door open. All these minor things will not make me not to buy Tamarind. In this world, nothing is perfect.

Gurney Park has 296 units each block to be exact. I own some units at Gurney Park and none of my tenants ever complained about lift waiting time before. How long is long for you? Some might say waiting more than 30seconds is long. If waiting time for lift is a major concern for you, I suggest you either look for penthouse with own private lifts or stay 2nd floor so you just walk up or buy landed.

george :Hi Nurain
I was told that the corridor for this project is very narrow, and the main doors for opposite units face each other resulting in no privacy. Do you have any info? Also, the main problem of living in such high dense project is the waiting time for the lifts during peak hours. I visited a friend the other day living in Gurney Park with only 200 units per block, but the waiting time for the lifts was like forever. For Tamarind, there’s even more units per block with similar number of lifts. Going to be worse?

Interesting, points we got here.

Corridor is narrow, standard corridor is about 6-8 feet and this is similar. Which project are you comparing that has a wider corridor? 10-20 feet corridor?

Main doors faces each other, majority of the apartments and condominiums are facing each other. Even 5 star hotel has the same thing.

Waiting time for lifts. How many lifts does most apartment and condominium have? 3 lifts at most with 1 service lift. Tamarind comes with 8 lifts on each Tower.

So I still think Tamarind is a good option based on the location and price.

TLB :Tamarind is on commercial title. Utility rates / house assessments etc are much higher. Also 1100 units for the two blocks. That is massive for such a small plot of land. Tanjung Bungah is going to be even more congested that it is now.

7 acres and people are considering it as small. Then those building 500-800 units on 2-3 acres at the price of RM700K-RM1m is considered big? Just look at properties in Relau for example.

@Property 123

Property123, you’ve done your homework!

Just buy the Tamarind. Don’t listen to those naysayers. 4 years down the road you will be thankful that you did. If you were compare Tamarind with all the other projects available on the market you will soon realize that no other projects will come close to what Tamarind has to offer. Not even Mont Residence by VST, not even by OHM, not even by Ivory etc.

I agree with you Kim. Just look at Quayside, for those that bought early they are smiling to the banks now. Now Tamarind comes along with similar facilities aka water park but on a smaller scale and cheaper than other projects available on the market now, if I had the money I would buy the Tamarind as well.

Some people justify that Tamarind is expensive etc by comparing with affordable housing. It’s a joke to use such comparison. Would you compare a Mercedes with Proton? Or an authentic Hermes with a fake Hermes from Batu Feringhi? Yes no doubt they are the same in terms of usage BUT what is different between them is quality, class and status. If both Tamarind and affordable housing is the same price, I bet most if not all will choose Tamarind in a second. So stop deluding yourselves with nonsensical excuses. If you still want, wait for Block B.

May I had the show room address please.

May I have the show rooms address please.

show rooms beside the quayside.
but I afraid you also have to wait bcos still don’t know when tower b open
@Yg

Good project at good location. I think the selling point is the location plus the water park. How many condos in Penang can boast a water park that delivers and managed properly. On top of that it is E&O, look at how they managed Quayside. I am truly impressed.

any idea when is block B open?

Is the show room available everyday? Time please?

Unit 1 and 2 (1372sf) is only RM700psff onwards with 2 car park. Very reasonable for the location…

@Property 123

What are you waiting for? Ask your auntie uncle cousin in-law sapu all remaining units loh.

any news for tamarind tower A? any unit left ??

tower A only left a few units.
Lets together wait for tower B lah.
@propertyslavetobe

Guys, this project is under commertial title.. Any one have concern on subsale? May be in term of subsale value& appreciation? Is this part of consideration for buyer in subsale? Just share only. Thanks!

There are a few more units

Type C around 800K-850K nett

Ringgit fall 20%, are they going to increase the price 20%?

@Yuyu

Or cut cost by giving cheap material.

@shopper
It is E&O, you think this is Ivory? Most likely the price will increase given the fact that our ringgit is worth less now. Hence, it is always good to secure an asset that you can afford before inflation spirals out of hand.

I advise you guys to buy the remaining units at tower A if there is any left because trust me tower B is going to be priced for foreigners, mainly Singaporeans. 1 SGD = RM2.9. So what is SGD 300k for a prime property.

will be showcasing The Tamarind in Singapore on 29th – 30th August 2015 at Suntech Singapore Convention & Exhibition Centre

Blk B already open for Sale at Singapore ??

Free Moon cake

I did not received any email for free moon cake. Anyone buyer received?

how to get free moon cake ?

@Tower B

buy E&O properties lah, get free mooncake…LOLOL

Tower B is opened for sale. The news is in the papers. How much is the selling price of type C unit?

u guy so cute, spend few hundred k for free moon cake? go buy urself lah, existing buyer waste time and petrol for moon cake? new buyer spend more 100k for moon cake?really lol

price increase abit oni…sigh..

Which paper or media showing the launch

@gst

E&O has learnt the lesson from Quayside. If the price is too high, even foreigners won’t buy. That’s why lots of ex-stock at Quayside. Some more this is suppose to be for mainly locals, sales will be slow for Block B. Must remember guys, the price has overshot fundamentals. There’s no more need to rush into buying.

Unusually silence after block B launching…why?

Since when did they launch block B? I called and they said next year…

Post#106,#108 u gotta ask lil and gst

Visited show unit last week and quite like design.
There are still a 1372 sf unit left. 11th floor unit 2. Price is 985k after 8+5% rebate.
Still struggling if want to go for that or wait for Tower B.
Anyone here get 1373 sf unit an what is the price for those early buyer?

I think no price increase yet

@monfly
The price & discount still same. Just Only @RM 700/sf, don’t miss it. Tower B price sure increase, Good luck 😉

Thanks @ck and @28. Was about to decide to go for it. But, found that the unit balcony is facing evening sun. Now, continue struggling

This morning told the agent that I don’t want that unit. He proposed another unit. Unit 20 7th floor. 1.1 mil. Nice unit which is facing east… but bit too expensive for me.

Just cannot believe 1372sf after all the discount still cost RM985K. This is too ridiculous I only paid RM920K for my 1371sf at Quayside and it was only 5 years ago. Penang houses are way over priced…..

@Overpriced

If you compare both RM985k (Tamarind) vs RM920K (Quayside), I think the pricing is still OK for Tamarind considering this is 5 years later. It’s a RM718/sf (Tamarind) vs RM671/sf (Quayside, 5 years ago). The layout for Quayside is a little bid odd with only 1 bedroom + 1 study,while this Tamarind is designed for 3 bedrooms. Of course you can argue that Quayside comes with nice landscaping, but then the downside is you’d have to pay for very high monthly maintenance fees.

So give and take, I’d say Tamarind is almost = Quayside (with their respective pros and cons). I don’t think Tamarind is way over priced with respect to Quayside. However, I do agree that overall housing price in Penang is way above average income level. Something has to be done. Spore is a good reference. Learn from what their gov has done to the housing market in the last 2 years.

Hi, is there any available unit for type C with 700-750k for block A?
or wait for block B and hope can get this price range.
any idea?

May i know is this project under commercial title or residential?

Do we have to pay high assessment? ?

im worried about the high maintenance fees and assessment

@Monfly

E&O will install low E glass for units facing evening sun

@Monfly

fyi E&O will install low E glass for units facing evening sun

Mind to share what is low E glass. Anybody installed that before?

Aiyar low E also no use . As soon as you open the sliding door to the balcony, all the heat will straight away come in. So you are forced to close the doors and windows, house become stuffy. And low E is not 100% effective, you still have plenty of heat coming in, especially during hot and sunny days. This kind of house how to flip?? How to rent out?? Own stay ah, can! well, suffer in silence lor.

Reliable Info:

I received message that Tamarind Tower B is open for booking from tomorrow onwards

Yes i received same message too. I called to their office and thy told me it’s open for booking tomorrow. I heard the price increase is minimum only.

let’s go to their office tomorrow to book a unit if the price increase minimum…

anyone back from the sales office? how is the pricing ?

I think the discount & rebate still same with Blk A, and price increase little but Blk B is provide 2 carparks, can say price still same with Blk A, am I right ?

Price same as Block A? Then Block A buyers mah look like idiots? Go and rush here rush there, beg this guy beg that guy, curse left curse right, hai, market very bad lah, can’t simply increase price. Let’s wait and see who will be the suckers buying CITY OF DREAMS. Wah lan eh, the name also sipe tua kong. CITY OF DREAMS ah don’t play play! There are plenty of jokes circulating about this City of Dreams. Will update you guys later.

Agent for City of Dreams claimed they sold RM80million at the recent property fair woh? a lot of suckers hahahaa

Went to Sales office this morning, able to grab the lowest price in block B. 660K after rebate everything. Facing Garden

need to check tower B, if the price same like tower A.
then ha ha ha

the price between tower A and Tower B is different. still a lot ppl come to buy. respond very good.

9th floor unit facing pool is 870k after discount (8%+5%). How much increase if compare to blk A?

I think price difference for the same unit at the same level for block A and block B would be around rm55k-rm60k.

@Howdy
Blk A only 1 carpark need add 35k for extra carpark, but Blk B come with 2 carparks, am I right?

If the take up is so so for Blk B, they might throw in more goodies to lure buyers. The other advantage for Blk B buyers is they can take their time to sign the S&P.

If committed to sign S&P on the day of booking, enjoy another 2% discount.

@Ck
Block B also comes with 1 car park.

I want tower B, seems better than tower A

@Tower B
it is the same. at the end of the day, the land behind tower B is going to be another condo. The only thing that seems better is that it will cost RM50K more

Thought that land next to Tower B is government reserve land and usage still don’t know yet. Got news its condo?

All tower b units come with 2 car parks.

@Monfly
If tower B come with 2 carparks than the price different @ 2k – 5k only compare with tower A. If tower B come with 1 carpark different @ 40k – 50k

Monfly :9th floor unit facing pool is 870k after discount (8%+5%). How much increase if compare to blk A?

This price is with 1 carpark or 2 carparks ?

Respect & Salute!

E&O is really taking a bold move this time by opening Tower B for sale without doing any prior marketing activity or even preempt their customers before opening up for booking.

Other developers would have to hype up their project months before opening the project for booking and even giving the public a launching date so that the public would be ready.

Imagine getting a message the night before the booking day and the next day was also a working day.

What is E&O trying to do or what is their real strategy this time?

Was at the sales gallery and the turn out was not bad with many people placing bookings.

The best is that people are signing their SPA immediately upon placing their bookings and not just that people are actually grabbing the expensive units.

Think that the office will be jam pack on Saturday and Sunday.

@The Wiz

To be honest, RM800k for a 1000sf condo is indeed expensive. If you’re buying for own stay, and you can well afford it, then it’s ok. But if you look at rental, it’s pathetic. And with so many condo’s coming up, plus what’s already in the market, rentals are definitely not going up. If you want to flip, haha, remember, there’s already huge oversupply. Don’t think just because this is cheaper than quayside so it’s a good deal. Do your maths first.

Tower B comes with 1 car park as well for the smaller units. The difference is rm50k between block A and B

870k is price for 2 car parks.
All tower b units regardless of size come with 2 car parks.

@Monfly
Maybe they included it in the price already. The price difference is around rm40k. Price increment Very reasonable considering it is tower B.

@Monfly
870k is before discount and rebate right? Or it is nett?

Level 9 tower A 1 car park 1047 square feet facing pool was priced at about RM770K, add the cost of 1 car park of RM38k is about RM810K. So the price different is about RM60K (assuming tower B 870K comes with 2 car parks according to Monfly). This is about 7.5% increase within 8 months, which is equivalent to more than 10% annual growth rate. Quite reasonably priced. It tower B only comes with 1 car park (according to Howdy), Then the price is indeed growth a lot.

870k is after rebate. By the way, I didn’t take that unit.

What is the current property project by Trimension company?

2 carparks for block B and 1 carpark for A..

well, it works out more or less the same in prices but 2 carparks is a huge advantage..

for tower A, the cheapest facing is those facing Jazz hotel condo.

For Tower B, which side is the cheapest facing? And how much increase it compare to tower A jazz facing units ?

The project is selling fast. I visited their sales gallery, tower B is easily 40-50% sold in just 3 days….price wise it is about the same as tower A if you sign the S&P on the day of purchase, you get an additional 2%, so it is 8 + 7% rebate.

Anyone knows what will be built on the government reserve land next to Tower B? Anyone can help pls. My budget only enough to get those units facing the government land. Please help if anyone got info. I not sure to commit or not. You can email me at postpenang@gmail.com. Urgent please. Thank you in advance.

yes, the project is indeed very hot and unexpected E&O give so much discount for this project.
well done.

Just bought a unit there, 15th floor is around RM700k after all the rebates.

i oso bought a type C unit, high floor at around 750k after all the rebates.
only paid 3% for downpayment and free snp, legal and stamp duty all.

any group or pages for tamarind buyer to share info, progress and detail?

@Chong

which facing? good price

@M

good price indeed, whch facing and how many car park ?

facing the government reserve land, no choice de..
block B come with 2 carparks..
if facing poo view, the price is all >880k..

archie :
2 carparks for block B and 1 carpark for A..
well, it works out more or less the same in prices but 2 carparks is a huge advantage..

Same as TBR. Early birds earn nothing.

@M
Tower B come with 2 carparks And discount (8 + 7% rebate), The tower B price is lower than Tower A, Why ? I think developer already know what will built at government reserve land…

If compared the same floor same unit, Tower A and Tower B, despite the 2nd carpark which is 38k. Tower A buyer actually earn about 10k ~

@Good
If get an additional 2% rebate Tower B price will lower than Tower A, not very fair for buyer Tower A

@ml

any idea what will be built there?
E&O will not disclose even if they knew.
what will it be? mosque? petrol station? high rise condo?

ml :@M Tower B come with 2 carparks And discount (8 + 7% rebate), The tower B price is lower than Tower A, Why ? I think developer already know what will built at government reserve land…

Actually the view facing the government reserve land is very nice, just not sure what building will come up at this piece of reserve land in future.

aiyo, why bother with all these “earn 10k”, “2% cheaper”, “3% more expensive” etc?????

You guys are missing out on the big picture. There’s an oversupply, and it’s going to get worse. If you’re buying for own stay, great, count yourself lucky that you didn’t buy that overpriced Quayside. But if you’re buying for investment, good luck my bro.

Do you think E&O will sell cheap if they think something good coming up on the government land? Now they sell so cheap… Fishy. Anyone got news what will be built on the government reserve land?

This is a very good project no matter you buy it for investment or to stay in it. Investment wise, of course, looking at the number of units, might be a little too saturated. However, since the focus of Tamarind is for the young professionals, then it is surely worth to stay in it. Just my thoughts. Overall, amazing location and amazing price.

Someone said price will increase by 100k, where is the 100k?

Let’s die die pray very hard that I could still gain sea view from my Block B unit facing South East, through the government reserved land.

The only good news for Tower A buyer is that the price did not drop unlike other projects. In fact, they still have a profit of RM 10-20K depending on the units.

Howdy :
The project is selling fast. I visited their sales gallery, tower B is easily 40-50% sold in just 3 days….price wise it is about the same as tower A if you sign the S&P on the day of purchase, you get an additional 2%, so it is 8 + 7% rebate.

How to sign S&P without loan approval? Cash buy? I wonder when they can declare fully sold and start pilling.

People ask why E&O price units facing government reserved at lower price.

Did we all forget that E&O priced Tower A facing Jazz Hotel cheaper too? This is because it has not much view and I think E&O is very fair to lower the price facing Jazz.

As far as I know E&O already surrendered the land to the State Government and the land does not belong to them anymore. This means even E&O does not know what will be coming up.

The state government can develope, sell or even trade that piece of land.

If the State Government sells or trade it to a developer for sure there will be high rise coming up as land transacted ar Seri Tanjung Pinang is already RM550psf. Read this clearly RM550psf for land only.

If the State government sells it to non developers then basically anything can be built on the Government Reserved Land.

So I think E&O made the right decision to lower the unit prices which are facing the Government Reserved land to be fair to the buyers because they do not know what will happen to the land in the future. Also imagine after moving in and if there is a construction buyer will have to endure the development of the project in front of them until it completed.

This is unlike unit that are facing the pool as we already know that it is a permanent view that the buyers will enjoy.

I really think E&O really did consider all the factors before making decision on the price.

Just my opinion…

@BN
Tower B hv debate addition 2%, this offer is very unfair for tower A buyer . Tower B only need prepare 3% sign snp compare with Tower A need prepare 5%

Tower A :
@BN
Tower B hv debate addition 2%, this offer is very unfair for tower A buyer . Tower B only need prepare 3% sign snp compare with Tower A need prepare 5%

Tower B booking E&O is giving 2 options…

1st option is at 8% discount +5% rebate which I think the majority of the purchaser took. Which means buyer are only paying 5% for their down payment.

2nd option is at 8% discount +7% rebate which only a few took this option because buyer have to sign SPA immediately. So the question is how many buyers can sign the SPA upon paying down payment? maybe 1 out of 10? Also SPA signed if cancel there are charges so I think there are only a handful of people who are signing upon booking.

So I think most of the buyers are still paying 5% down payment.

However, this time I notice the sales staff are very helpful.

The government reserve land will be developed by Ewein and Zenith, the developer of the city of dreams but it will be another luxury project by them.

I saw a few buyers signing the SPA on that day itself to get the additional 2% rebate.

@Howdy
Already confirmed this government reserve land has been given to Ewein Zenith? But so far only heard they were only given the piece of land which they are building City of Dreams.

I think you guys are too optimistic in thinking that a high rise will be built on that piece of gov reserve land. Has it ever crossed your mind that maybe it will be a mosque instead? Hehehe.

@kacuak
That piece of land is part of the land swap deal for the water tunnel in the future. So, Ewein Zenith owns it and most likely it will be a high rise condo there.

@howdy
Next to tower B is government land and is not part of the land swap deal for the water tunnel. The land swap is at City of Dreams side. You got it wrong.

@Loco
Hi Loco, I didn’t get it wrong. City of dreams is just one plot that would be swapped. The second plot is the one next to block B that will be swapped as well. 100% confirmed.

Pray after swap nothing will be built for the next 10-20 years…haha

For sure it will eclipse and block Tamarind view. Question is how high the new condo will be and when its construction starts.

@Howdy. This government land next to Tower B got 2 parts. Part of it is for Tenaga to build powerstation. The other part of the land was an option for Ewein Zenith. It’s either this government land or the City of Dreams land. In the end, the City of Dreams land was chosen for the “payment” of the undersea tunnel feasibility study. I don’t think there is anymore mention of this government land on STP1 being awarded to Ewein Zenith. Their next landswap comes from STP2 (more than 100ha).

By the way, do you know the Tenaga powerstation is nearer to Marinox end or Tamarind side?

a lot of you are worried too much on what is not within your control and people keep speculating different version of story…. buy within your affordability and if you can’t make up your mind then just drop it and move forward to other project.

I don’t see them as speculating. But more like sharing information they heard/know. This helps buyers to make more informed decision. Buying property also need to know what is coming up around that area. Cannot just buta-buta go buy. Later powerstation come up beside you, then you cry father mother also no use. Tower B buyers be more cautious. Caveat emptor.

E&O set the Tower B price not much different compare with Tower A, All buyer is unexpected on this setting bcos this is not E&O style so that hv many Question on the vacant land. If developer set the tower B price @100k more higher than Tower A, don’t know still many question come out or not ?

Blocked view or power station view both not good for resell. Tower A still better.

Any buyers asked E&O about the security system of Tamarind? Is it going to be card access system for the entrance? And does it have card access for the lift too? They didn’t spell out this in their brochure.

@Monfly
Ya, developer didn’t mention about security system, how about the door grill ? after get OC developer allow us to install the door grill or tamarind is designed for without door grill like hotel suite