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)
[nggallery id=121]
@Loco
Hi Loco, whether the land is split into two or not. Part of it belongs to Ewein Zenith and there will be a condo there, next to tower B. City of dreams is located near the E&O semiD and it’s part of the land swap deal as well. Cheers.
And I thought there might be a park or play ground at the government reserve land =D
Or maybe the LRT which which was mentioned earlier that links siah boay to tanjung tokong…
Please help. The government land for TNB is to build power station (same as e-gate) or substation (smaller). Any1 can comfirm?
Please help. The government land for TNB is to build power station (same as e-gate) or substation (smaller). Anyone can confirm?
Hello Howdy. If condo next to Tower B, then power station is next to Marinox and future highway? However still not good for Tower B people right? Do you know how big is the power station?
how you all know the power station? any proof or confirmation from any parties?
If anyone knows Zenith Ewein boss can confirm for sure.
how come a power station is allowed to be build so near to residential area ?
Anyone ask E&O?
Power station is everywhere. In every high rise or housing area to support all the residence. Why make such a big deal?
On the island if there is a power station also it is only like 1 or 2 storey.
If want to know more then ask TNB =D
We don’t even know when will the land be developed, it may be 10 years later or 50 years later or it might also be sold…
people can speculate…I can even say it will be a park but I don’t have any prove like those saying it’s a power station but they don’t even have prove or drawings =)
This is government reserved land not E&O =D so I don’t think they will know if there are no announcement made by the government.
So many new high rise such as Tamarind, Jazz, i-Santorini…. of course you need more electric power for the whole area… else will not get OC.
True true no electricity people complain, give electricity also wanna complain…human nature…
The key thing is not 1 or 2 storey high but rather is there health hazard associated to facing the power station (especially Tower B). No conclusive reports that say the EMF from power station can cause one harm. But of course people generally shy away from staying nearby. Would you purposely buy a house facing a power station if you can choose somewhere else to buy.
Government land plan can change but at this moment there might have been something already plan for it. Just that we don’t know.
If one says this is power station, might be possible due to the many high rise coming up around this area plus maybe the future island too.
People must be questioning why E&O didn’t raise the price of Tower B. I for one do question if they already know what the government land has been identified for.
doubt the land will be for a power station. you know why, because the land itself is way too expensive for a power station. Besides, tamarind and marinox both has its own sub-gen stations itself and is self sufficient. There is also an existing sub station opposite palm court. It is either a condo or reserve for the future MRT project. If MRT becomes reality then it will benefit all residents at STP
If future mrt here, Tower B facing this land also die. Noisy man.
I have to admit Loco is right. I just checked and the land is indeed given to TNB. So they will be building something there. No high rise.
@Howdy
Do you know what will TNB build? Power station or substation?
The price itself is not cheap already and yet now with power station to be built? OMG
Let’s all hope it is TNB headquarters. After all that land is 2 acres.
If it is not safe they will not allow it to be built. As all substation have to comply with the rules and regulation set.
You can see one at Jalan Utama and Gottlieb Road junction beside the Indian Temple. Right beside it is a bungalow house but the owner has been staying there for years.
Moreover, if they built it. He first 4 level is car park. So dont have to worry.
@Howdy, is the whole piece of land for TNB or part TNB and the other part Zenith Ewein? If part, then where is TNB land?
@Loco, do you know this too? Please share if you know.
With such big piece of land, the substation will be super big. Can be those 5-6 stories you see in KL. Who wants to stay next to it I wonder.
Some people no choice. They bought already next to the substation. But when they want to sell, how many people want to buy? Ask yourself truthfully.
A big TNB & Surau already located at near Palm court low cost ( Behind Island plaza), why still need another TNB & surau ?
So everyone is saying that there will be a substation infront of I Santorini which is also beside Marinox and Tamarind =)
No high rise = Gurney View?
To be honest, I don’t want to speculate as well. Let’s just all wait for the state’s final announcement. The land is 6 acres so I doubt it will be a TNB station as well. At the moment there are 3 possibilities:
1) high end condo
2) TNB station
3) MRT station
After all that land is huge and not cheap.
Tower B sounds like a better buy as after all the rebates i.e. 2 car parks + additional 2% for signing S&P, it is cheaper than tower A.
Tower B is a good buy from what I see especially those facing towards Gurney. If nothing comes up for the next 10 or 20 years then it is like hitting a jackpot
Moreover the price appreciation for E&O houses is very good. I think if you compare the location it is the best location in Penang. Very suitable to live in.
you have tesco just across the road with Straits quay and Vantage just 5 minutes walking distance.
Cannot ask for more convenience in a residential area.
E&O is an experienced developer. Do you think they will sell you cheaper than their 1st launch (which was a hit) for no reason?? Buy Tower B is a gamble. If got power station/ big substation/ MRT station/ low cost/ affordable housing/ masjid, stay yourself still ok if you can stand the noise/ electric magnetic field etc. Rent or sell you will have smaller pool of buyers and be prepared to sell at least 10% lower. Go ask your agents and valuers.
This land sure will be use. Wont be left idle. Think of STP2 coming up. Need more electricity when they reclaim and develop? Do you think current substations can withstand increase in electricity usage for that plus all high rise coming up?
@lil
Tower B has lots of evening sun, facing Govt reserve land.
Afternoon sun as well!
Heard the reserve land is already bought by LYNAS….Coming to build 2nd LYNAS plant after Kuantan…. yeah……
Do you believe?…… Everyone here is acting like a pro. crafting out own speculation…No fact, No prove & No Wisdom….
Indeed it’s just a simple algorithm to apply…
1) Buy within your affordability
2) If you’re not comfortable in getting a reserve land facing unit then just move forward and look for other project….
3) If you plan to getting a unit –> Go ahead if you’re not then Walk away….
Might as well say ah Jib Gor going to open a chicken farm there? Lol
Research and you can find. Got proof one. Even Howdy also found out. Tower B people good luck!
i think we are too focus just on tamarind on whatever it is built on the reservation land.
What about the landed property around there? example: simponia which exactly next to the land as well. They should more concern about the build, right?
@Loco
Loco, do u know what will TNB build?
Well this is Tamarind thread. We are buying Tamarind and for us who have yet to buy, we still can choose. For the owners who already bought like the landed property, they can’t do anything already unless they sell now. No point talking about whether the landed people should be concern or not. For me, before I buy, I will do my due diligence as best as I can. If already got such plan, I would think twice in getting Tower B. It’s just like if there is a mosque next to the condo you want to buy, will you close eye and buy?
I think is value buy for tower B compare to buyer from tower A who need to rush and try so hard to get a unit.
Either way it is still within Seri Tanjung Pinang
E&O so nice to give Tower B facing government land same price while those facing Tesco and sea increase price. Go figure if its really value buy or a trap.
There must be something bad for EnO to sell cheaper than earlier tower. Embrace the worst for those plan to invest.
This project soon will become cheap project.. Strait quay no longer a good place to stay.. LMC alot soon.. Those malay indian drive motorcycle here& that.. OMG.. High density LMC really worry..
So prejudice and brainless! What is wrong with you.
still got appetite to invest in malaysia ? you must be kidding me. I will ruin the malaysia market to doom together with my sexy Rosmoney and scandals.
@Sampan
this is not a prejudice or discrimination… these are facts…. the lowest of the lowest malays are within3 minutes kampong warisan side and near the beach near tua pek kong tghere the yellow flats and those hooligan indians from jalan mount erskine side… they are a menace…. im just describing… race is not important to me… they mess up the country with pollution and dirt…. the chinese are the biggest polluters in the world but on a large scale it goes unnoticed because too huge and it is in a different parallel dimension so vast that u dont see it just like global warming sea pollution and societal damage… the malays and indians are micro polluters so it causes mini mini dirts and eyesores in your immediate surroundings so u get disgusted with such as mosquito noisy rempit bikes and the black smoke… some indian without helmet going in one way and beating traffic light… the malays and indians are indeed champions of lack of civis and traffic sense and champions of littering…
@Sampan
We are very worry actually on the future development of strait quay..
Honestly say..too many LMC to be build in near future.. Traffic is another issue.. Too occupied. Appreciation will be another question mark for this project.. Unit 1000+..multiple choice for buyer.. Why Tamarind? More project to come.. Please think twice..
@GG
Don’t need to worry about the buyers. MRT and OPRR confirmed passing through that area. It is the location. This is not sg ara or bayan Lepas.
Traffic congested is major oncern.. 10,000 unit at strait quay to build in next 5 to 10years.. I don’t think is a great place to stay any more.. End up over supply in market. Rent also hard since we have so much of unit that. Ttenant will just shift here & that.. Appreciation low. Got value no market. Commercial title too yet another issue.
@GG
Howdy already mentioned, in STP phase 2 proposal PORR (Penang Outer Ring Road) will build across STP direct link to Gurney Drive. Is that resolve your problem?
At last, “It is the location. This is not sg ara or bayan Lepas” Hehe…
Location speaks everything… Let’s see. I’m sure after 5 years. The price for the tamarind can easily hits 1m onwards for the cheapest unit type c. I have been in properties investment for more than 10 years. I m pretty sure about it that my prediction never goes wrong.
@Did d
Value definitely no problem. Even 1.2M after 7year also no problem. Just worry on the market over supply. Got value but no market.
Besides TNB station, there’ll be LMC built on the government land. Cheers
@GG
Ask yourself touch ur heart. The location of stp really a nice place to stay? Or investment? Where is most of the white peoples live at in Penang How much is their minimum purchase of high rise in Penang. If u alone afraid of oversupply why would other developers are building house over there. Straits quay car park also going to be a service apartment soon. Why would e and o want to reclaim another stp 2″? Which is 3x large than this stp. If u worried eno is even worrier. Proper plannings were made. I can tell you this project is high dense but it has its quality. After all it is really depends on the management team. Which I believe the management fees are sufficient enough in the long run. The sum collection from 1105 Units easily 300k per month which is more than enough
@Did d
After asking myself and touching my heart, these are the answers to your questions :-
(1) “If u alone afraid of oversupply why would other developers are building house over there.” – developers are building houses EVERYWHERE. Here, there, Batu Kawan, Sg. Ara, EVERYWHERE. Is there a glut? Sure is! Do developers care? Nope, as long as there are still suckers buying!! As long as the suckers are still thinking “Even 1.2M after 7year also no problem”.
(2) “Why would e and o want to reclaim another stp 2″? Which is 3x large than this stp”. – Actually, the plan to reclaim started in the early 1990s, before E&O bought over the reclaim rights. After 15 years, it is still not reclaimed yet due to sluggish demand.They did not expect housing demand in Penang to be so slow during the 1990s, it’s mostly froth, not real demand, especially for expensive homes.
I still can’t get why e&o price their tower B lower. Very fishy indeed.
Funny, why no one is talking about the Government Reserve Land in I Santorini page? I Santorini is just RIGHT IN FRONT of the government land. Also the government land is BESIDE Marinox and again no one is talking about it on Marinox page and why people are only talking about it on Tamarind page.
Anyway, people have their rights to say anything but that piece of land has been there for the past 10 years with no development. Will it be developed tomorrow to 30 years later or never. No one knows.
2005 E&O reclaimed the land after the 2004 TSUNAMI…Many people said DONT BUY because of TSUNAMI…Everyone forgets that the whole Penang was hit and Balik Pulau was hit the hardest but then again WHY NO one talks about it…
Again this is the similar situation where people talk and say what the want…Guess what? Many listen and did not buy and they REGRET 10 years ago…You can ask those who did not buy when the landed property by E&O which was just RM700K 10 years ago…10 out 10 will tell you that they REGRET for not buying…
For those who have bought E&O property 10 years ago when people said TSUNAMI, the PRICE is TOO HIGH…CRAZY people will only buy on RECLAMATION land…Who will STAY on a RECLAIMATION land…
Guess what? Those who have bought and did not listen to what OTHER are smiling and laughing now. I think everyone knows why because now the property went up 3 times the original price…The price appreciated the highest in Penang…
So again…for those who still wanna WHINE or CRY or COMPLAIN please by all means =D
But for those who have seen the potential…Opportunity never knock twice…
Correction. Why EnO price ONLY the units facing government land cheaper while the seaview facing and low cost facing are price higher. Only 1 side is price lower. Value buy or trap buying facing government land?
@Gordon, I thought Tower B is still 10k to 20k more expensive compare to Tower A even if you add in additional car park cost in Tower A purchase price. I might be wrong. One of my friend bought a tower b 16th floor facing reserved land unit at 742k (SPA price). Is it cheaper if compare to the exact same floor of tower A?
@Proud Owner
The reason no one is talking about Marinox+Gov land is the buying process for Marinox is over, so there’s no point crying over spilled milk. Not only the Gov land, Marinox is located right in front of the soon-to-be built noisy ring road. Most people did not expect the ring road to be built so soon, but it looks like that ring road will be completed in 2-3 years time, with the first phase of that ring road in progress now by the developer of City of Dreams.
But for those who are interested in buying Tamarind, gov land should be a major concern while they still have a choice of not buying or signing the S&P.
As for E&O landed properties, you are right to say that those who bought the first phase are looking at an appreciation of 700k to 2mil. But we must not forget that the price for E&O landed is actually not driven by demand, but rather driven by the way E&O manipulates the pricing of their subsequent new homes. In fact, you would be having a hard time now trying to sell the terraces at 2mil. This is very unhealthy. The state WILL come up with measures soon to counter this unhealthy price hike.
@Monfly
How about If compare the pool view unit within tower A & B, tower B hv increase price or not for pool view unit ? developer hv addition 2% debate to tower B buyer, this is very unfair to all tower A buyer, I believe many buyer tower A also can sign the Snp on pay booking day
That’s is true. Additional 2% is not fair. May be they think sales will be slow for tower b, so give more rebate to attract more buyers. But question is how many people can sign snp on the spot? At least, I cannot…haaha
@Did d
This is commercial title residential project. Doubt on the appreciation in future on sub sale market. That’s no reason of buyer going to buy commercial title project. Advantage here is location but somehow, next 5years after that will be more project to be develop around tanjung tokong. What is the such good of tamarind compare to other property? Location is not the main reason now as more up coming project soon at Strait quay. Or Mount eskrine..
Look at Straits quay shpping centre “Half dead”.. +LMC house more up coming. Only tesco will get the benefit in deed.
Hi All, all the prices are based on willing buyer willing seller. There’s no way to make it fair for everyone. In fact, the 2% is what you know, there are more discounts given to business associates and speculator cronies that are not known to most of the buyers. For them, they get to choose the best units first and get the best discounts. Same goes for most of BSG projects. Not happy? Don’t buy!
@rocky
Terrace was just transacted at RM2.45 Million
Semi D was just transacted at RM3.6 million
Super Semi D was just transacted at RM4.5 million
All these units were transacted within these 3 months because the demand for E&O property is still strong.
Again not everyone can buy a Ferrari or Lamborghini everyday but that does not mean that there are no demand or buyer
How many units sold in tower B so far?
My guess is only about 145 units from 552!
All sold out.
Again not everyone can buy a Ferrari or Lamborghini everyday but that does not mean that there are no demand or buyer
Yo.
For the current situation, got appreciation doesn’t mean got buyer after all. There are lots of houses around Penang but their prices are expensive and no one buy from them in the sub sales market.
More projects are coming soon with better design and the price is around the same. It is very hard to say whether flipper is able to sell his house according to the market value.
House nowsday got value no buyer because oversupply and overprice.
@ NAPIS
Are u sure all is sold out? Or u are just guessing!?
Less than half booked. Even less after banks reject loan. With the expose of power station, it will be very challenging for Tamarind.
is it confirm power station will be built on the reservation land?
i heard that E&O going to factory promote tamarind with good package.
1000+sf units were 90% sold.
1200+sf units were 98% sold.
1300+sf units were 94% sold.
All these units were sold within 3 days because the demand for E&O property is still strong.
Again not everyone can buy a Ferrari or Lamborghini everyday but that does not mean that there are no demand or buyer
I heard a Face book discuss about this project, how can i join
I’m sure GRO may be right.
Hardly 150 units are sold so far.
It isn’t a power station. Confirm the land is owned by Ewein. There will be a condo there and not TNB station.
@Lucas
Most likely it will be power station. I won’t want to take the risk. It is buyer market now anyway. With the same price, I can get much bigger unit else where. You will appreciate the extra few hundred sf of space to live in. Just my 2cent.
@Tower C
Yes, you gain extra few hundred sq.ft of space. You loose the location. Its always a choice one makes, can’t get the best of both worlds. It’s what makes one happy that counts towards the end.
@Tower C
I can promise you 1000% it is a project by Ewein because i saw the plan for it and i work for TNB : )
@Lucas
Directly beside tower B just like jazz residences beside tower A?
@Lucas Are you working for TNB or Ewein? How come when you are with TNB yet got to see plan for Ewein? Don’t mind me asking if you are higher management of TNB or Ewein. Hope you can clarify to give assurance.
@Gordon C
Lucas is not working for TNB nor Ewein. He is an E&O sales staff who purchased one unit of Tamarind himself in Block B. Need I explain more? 😀 promise 1000%!!
The following from Ewein website. The first parcel should be city of dream. So where is the next parcel? Is it the land besides tower B?
“We are now working closely with CZBUCG to explore the potential [development] of the next parcel of land measuring 4.29 acres (1.73ha). It will also require the approval of the Penang Island City Council on the planning permission for the proposed development,”
Let’s say, I was part of a team in charge of the electricity grid. I can confirm and reassure you that the government reserve land does not belong to TNB. If it was, my team would know. I can also tell you that it belongs to Ewein. That’s all folks. My intention is to clarify the status of the land so no one goes on speculating about it further.
how to buy this project? i rather buy Mont residence / Skyridge better.
the assessment for this project will be very expensive, and somemore who wants Ikea furniture for a property worth a million dollar??
Since the price is not going anywhere, better wait and see. Don’t want to regret buying something next to power station.
@GK Benj
Mont Residence/Skyridge??? You must be kidding!! 😀
Might as well throw your money into the sea!
@GK Benj
Mont residence? Price more expensive and the location sucks and not as great as seri tanjung pinang. One is by E&O and the other by VST. You must be joking to even compare.
E&O so what?
1) Commercial title paying high accessment
2) Expensive price that you would have to compete with 1000 units when it’s after O.C?
3) Look at quayside and andaman 18, both projects are stuck and now residences are having issue with the facilities. 4 blocks total of 8xx units sharing the facilities + only 1 BBQ Pit. come on man, i used to have one unit in E&O last time and i know how it feels like when you have facilities sharing issue.
for this project it has more than 1000 units, its no difference than any other LMC apartment in Penang. how do you conclude exclusive? exclusive means low-medium density. Assuming there are 4 resident in 1 house in tamarind, there will be 4000 people sharing the “3 acre” facilities.
4000 people means you must have 50sqft per person x 4000 = 200,000sqft.
3 acre is 130k sqft.
you call this exclusive?? i had enough when i was trying to dispose my quayside, now the price are dropping due to low demand.
@GK Benj
I disagree with you. By choosing mont residence itself it shows that you made the wrong investment choice. Tamarind is only rm700k, thats the price I paid for.
Quayside is such a success, i am always receiving phone calls for rental on a monthly basis. You can ask any agents, any expats will choose quayside over any other projects around the same vicinity.
A lot of buyers from Tamarind are buying for own stay. 98% local buyers.
Mont residence itself is surround by the peak, the latitude, ohm project, tri pinnacles. Look at that location, it is a graveyard area, old LMC apartments there as well.
Future MRT will pass through tamarind plus it is a stone throw away from tesco.
Future island reclamation means growth potential for the place to be an international township.
If you don’t have vision, then you will skip this golden opportunity to ride the growth.
No one is stopping you from buying your mont residence or skybridge. Just ask yourself will expats ever stay in that area. NO! That’s right. Good luck.
Pity you guys, I am first owner of D-Piazza Condo buying from developer.
Developer price RM240K for 1300sq ft, 2 car parks. Location at the middle of factory areas, nearby-a branded Kwang Hwa Primary school…..Really thankful.
If you guys are not penangites, earning not much, should seriously consider finding jobs elsewhere.No point staying in this crazily, unreasonably, oppressively costly Penang Island
@Roland
It’s so funny people talk about location on a small island like Penang, especially when the distance between Mt. Residence and Seri Tanjung is not even 1km. Yet people talk about good and bad location. I think facilities wise Mt. Residence offers a lot more spaciousness with lower density, comapred with Tamarind. Being next to the graveyard, the high price of Mt. Residence is kind of not justified. If Skyridge opens at $500 to $530 psf, it wuld be a steal in my opinion. Provided they offer good facilities as well.
I agree with you. Really unaffordable for most factory employees, even engineers
@Dan
Government land next to Tower B is 5.7 acres. Does not correspond with Ewein website which state only 4.29 acres. Then what is this government land for? Low cost? TNB station? Mrt station?
Government land next to Tower B is 5.7 acres. Does not correspond with Ewein website which state only 4.29 acres. Then what is this government land for? Low cost? TNB station? Mrt station?
@ GK Benj
I live in Quayside and we don’t have any issue with over crowded facilities like you mentioned. It is so childish of you to think all the Quayside’s reidences jump into the pool at the same time, that’s too funny LOL. You are talking like a three years old without using your head LOL. My sister also has a unit of 1+1 and she got an offered for RM1.45mil in May and another offered of RM1.6mil in Aug but she decided to just keep it since she was no hurry to sell. Maybe you are one of the speculators who didn’t have the holding power and was in hurry to sell that’s why you were facing problem with selling. In fact I think for the current market, property over a million will be easier to sell because you can sell to foreigner whereas anything below 1Mil will be harder to sell due to the difficulty of getting loan.
come on my friend, accept the fact and the pinch. nobody are saying that jumping into the pool at the same time. 1 BBQ pit for 8xx units during christmas eve, have you been there?
1.45mil – 1.6mil? developer still have units, are you kidding me or the buyer doesn’t recognize the developer??
its like a “high-end” LMC in the making.
Property over 1M easy to sell because can sell to foreigner? there are 1510 ads on property guru for quayside but im not sure how many units are up for sale? maybe 500? 400?
looking at the competition among owners..
this fella sound stupid but makes sense
The Tamarind will again be the top talk about development for October 2015. Thanks to everyone here =D
There will be Haters, There will be Doubters, There will be Non Believers, And then there will be YOU, Proving them Wrong.
“Have a great weekend everyone”
That’s why…i just want to say..1000+ unit with commercial title is really concern.. Low appreciation in market.. Quayside even worst.. I was told by one of property agent to sell off urgent unit 1000sqf with RM 850k only. Urgent sell. Seri Tanjung pinang not a great place to stay anymore. Complicated.. LMC many project to build in nect 5years time..
Can any comment on this – to compare Seri Tanjung Pinang vs Gurney Drive?
can give out agent number?
I just got an offer for RM1.9mil for my 1+1 unit in Quayside. Whoever said Quayside no good must be sour grapes! I will not sell yet, my agent told me will go up to 2.1mil soon.
GG
To be honest GG I really don’t know what word to describe you(naive or stupid), you seem to be so proud that you sold your 1000 sf unit at Quayside for RM850K. Whatever agent that you were using was equally stupid. Even some of the project at Air Itam are selling for RM 600 per sf what made you think by selling less than RM850 per sf at Quayside was the super right choice to do? Frankly speaking everywhere in Penang are over build and super crowded not only Sri Tanjung Pinang BUT can Sri Tanjung Pinang be worst then other? Just ask yourself !
dont get so frustrated man. the fact and truth is there.
check out for yourself in propertyguru mate.
supercrowded, no doubt its everywhere in Penang. but can you imagine something so LUXURY that has so high density? ONE of the criterias of luxury is Low-Density, well, atleast MEDIUM density than HIGH density. 1K units has higher density than Tri Pinnacle(Affordable)?, Granito(Affordable)?
I dropped the idea of buying Tower B because I don’t wish to be facing TNB station and future construction. My friend told me it’ll be bigger than the TNB station at jln Thean Theik. No way I want to put my family especially my kids at risk.
@GK Benj
I would recommend you to live on a hill. Balik Pulau would be suitable for you. Since you recommended Mount Residence, isn’t it obvious it isn’t about density but your choice of “location” good luck on throwing your money away
@GG
How can seri tg pinang not be a great place to stay anymore when all the amenities are just a stone throw away. From hospitals, to shopping malls, banks, food stalls everywhere, tesco, seaside, parks, future MRT, future reclamation of 798 acres that will propel growth for this township further.
@GK Benj & GG
Off course I do checked on property guru maybe you should double checked it yourself. Bare in mind that most of the buyers are foreigners and they don’t live there permanently lots of them use it as vacation home. The water park is 4.5 acres and we never feel crowded there not even once, by the way have you guys even enter Quayside before giving such comments? People don’t call Sri Tanjung Pinang “Millionaire’s Row” for no reason. Lucas, actually even Balik Pulau will not be suitable for them because that area is now developing maybe they should buy one of the islands at Indonesia and build their own tree house LOL.
Just imagine Hong Kong and New York City, are those two cities not crowded? Do you even know how much are the properties cost at that super crowded cities?
Dont bullshit. Penang’s millionaires row is Jalan Sultan Ahmah Shah. My family used to own an ancestor bungalow there.
You are probably another factory employed graduate buying this high density apartment and spoilt the elite status of this place. Dont try to act like one of us- the fame and famous.
You hardly measure up to the class or conduct of Quayside residents. You are more like a property agent who used to vulture for sales/rent opportunities in our place, that is why, you know a thing or two about our condo.
@Janet
Hi Janet, your attitude hardly measures up to anyone that deserves respect. Just saying. I seriously doubt you even live around this area. You have fallen so far from grace that you have to venge your frustration on factory employed graduates that works hard to earn a decent living. Just another spoilt brat looking for attention. Period.
Lucas, if you are not a “banana”, you must have heard the Chinese saying: Chicken trying hard to be a Phoenix LOL. Your problem is Chicken trying hard to join the Phoenix’s habitat/territory…..hahaha
@Purchaser
The only chicken trying to be a Phoenix is the same person replying by using different names to reply ; )
Haters will be haters. When they can’t debate logically they start calling names and labeling hard working engineers and agents. When someone does that, they have indeed fallen from grace.
@Janet
1st statment : My family USED to own an ancestor bungalow at Jalan Sultan Ahmad Shah,
THAT MEAN YOU OWN NON NOW, So DON’T TALK BIG LAH
2nd statement : Dont act like one of us – the fame and famous ( this is too funny)
YOUR ATTITUTE LIKE THOSE WHO JUST CAME OUT FROM JUNGLE LOL LOL
Lucas, just ignore this bullshit “fame and famous people” , it will ruin our reputation to just feedback to this kind of low mentality human Lol.
Janet, if I am a factory employed graduate , then you must be the thick skin factory’s operator who claimed to be the fame and famous LOL
@ purchaser
Only looser & coward calling names, shame on you !!
This is not even a condo, just an apartment and no elite status whatsoever.
@Property
One of the cheapest apartment in Tanjung Seri Pinang.. This is consider as Medium cost apartment.. Not condo.. Same style like N park& E park..
@Property
I believe this apartment will be better than many so called condos in Penang. Stop hating, a lot of people are buying for own stay : )
I just know that this property must be really hot because it is attracting haters and they would spend some serious time to talk bad about this project. In that case, I have decided to invest in this project. I wasn’t sure but after reading all the comments, it goes to show that this property is really hot and worth investing in.
@Roland
This project will have same fate like one world & one sky. Same case like strait quay shopping centre. Half dead.. Market will decide everything. Got value but no market demand..
@Cheap
You see this project is govern under schedule H of the housing act. Only the assessment is under commercial. Hence, electricity and water is residential rate. Straits quay is fully commercial and the service apartments are fully commercial as well. However, I heard that the owners are getting very good rental yield by running it like a hotel room. One night for rm700-1000 depending on the season and size.
Tamarind buyers are mostly buying for own stay. 98% buyers are locals and foreigners only 2%. That’s a very healthy sign. Indeed market will decide everything. So, don’t need to jump the gun and talk bad about a project. Location is important to, you are comparing this with N park and E park, that alone shows you are not very familiar with location and the type of properties in Penang. Seri tg pinang has been proven to be an expats haven already.
haha n park and e park got high value and rental with nice sea view, how cum become flat pula? go n park see the swimming pool? biggest pool in pg, if can build like n park condo resort I sure buy 2 more unit
@money
Yes you should buy N park. It is rm360k only. Location wise also suits you. Biggest pool? You haven’t been to quayside. The water park is 4.5 acres.
@Roland
You can believe but it’s over 1100 units and you’re trying to compare to condos
facilities ? Which condos are you talking about that are comparable ?
@Roland
The reason of comparing n park & Strait quay…is we are seeing high rental yield. That’s the thing similar like what u have say 1 day even RM700. That’s the thing we don’t want to see it happen… This is no longer residential & this is complicated when u see your neighbour everyday keep on changing…. Spoil the condo & 1000 unit is really hard to control.. Owner or tenant also we don’t know.. Apartment will depreciated. Nobody want in subsale
Visit Sales Gallery Last Sartuday,
Block A 98% Sold out, Block B Almost 50% Sold out
@50%
So what are you trying to say ?
@Cheap
The thing is, this project is govern by schedule H of housing act. That means no commercial rental and short term stay. Obviously, you don’t know otherwise you won’t go on talking about short term stay. Those that bought signed the S&P and it is stated schedule H just like any residential properties.
Anyway, if you don’t like just don’t buy. No need to waste your time anyways. Block A 98% sold and block B almost 50%. It is the location. MRT passes by confirm the area will be expensive in the future.
@Cheap
N park is rm900 a month only. How is that high rental yield…
@Roland
Don’t bother replying them Roland. They are just trying to market Mont residence. Tamarind sales are way better than all the other developers in the given time since they launched. E&O will certainly deliver the quality. Just look at Quayside it is well managed even after 2.5 years.
@Roland
MRT at TSP? Are you talking about 30 years from now? So far only airport to Komtar is confirmed. Even that stretch we are looking at min 5-6 years to complete.
E and O must be very happy you guys kept debating about this project. They can save cost in marketing and advertisement. Because you all have been helping E and O free “words of mouth” advertising. Thousand thank you on behalf of e and o to all of you. You guys are just awesome. Hahaha
@Ivorysucks
EnO only market how good Tamarind is. Forumers are better bcos they share good and bad. Save cost or not can’t really be sure. EnO might need to spend more on marketing now with so much negative publicity in this forum.
By the way, anyone know how much the assessment fees for commercial title in this area. Worried it might exceed 5k.
@invest pg
wont la… let say the rental yield there is really good at that moment. eg, 2k a month. you times 12 months which is 24k and times commercial title rate: 11.55% = to 2772 a year. divide half year pay once. Half month pay RM1386.
They say there is no such thing as bad publicity. You guys are actually doing the marketing for E n O for free. The more you guys comment people will soon realize you guys are sour grapes that would recommend projects like mont residence instead. When we know the per square feet price E n O is cheaper and quality is better. Location is better. MRT confirm as part of the Penang transport master plan. For sure it won’t go to mont residence but confirm it will reach seri tg pinang already. No point listening to all you haters. Since when assessment rates are 5k? Obviously you don’t know. It is around 1.5-2k a year.
I am a happy buyer. Price is right for me. Quality semi furnished. Facilities looks like quayside on a smaller scale that’s all. Most importantly is the location, I can walk to tesco and do my groceries shopping and straits green and straits quay is nearby. I can do my morning exercise around the park or the township if I want to. It is a nice place to jog. In the future, I was told there will be the MRT as well, main driving force for growth. The island reclamation will add more facilities and activities and it will link to gurney drive as well. All these are positive things for growth. Indeed this will become an international township. I know there are many good and bad comments but sincerely I am happy with my purchase.
Public services like MRT and buses will be congested if you’re talking about Penang
Transport Master Plan. Using own transport also a big headache, why not choose
some other places ? No need to argue.
Here is very “chap” RM600k with cheap, quality? And really to be chap after many unit to be rent out soon. Same case like the peak.. Cheap& chap..
yes, so we must keep the unit empty only look high class and sell 1 mil later
MBPP will use Straits Quay rental as reference for assessment fees calculation. Will be sky high.
last time one world 1.4k sqft accessment RM24k.
i think tamarind + location + high rental from straits quay will reach maybe around 30k per year?
its like around RM2.5k per month + installment RM4.5k + Maintenance around 500 = RM7,500
indeed high end project
@Accessment
one world 300k already paying 1.4k yearly, can’t imagine how much the 1mil Tamarind need to pay
r u sure maintenance is 500? a bit high for such high dense.
tamarind maintenance fee rm0.25 psf, largest unit is 1372sft.
commercial title assessment fee is 10% of annual assessment. If annual assessment is 30k, then the assessment fee is 3k (per year).
do the math right, don’t simply throw in the numbers… LOL
i saw from web as below, but i am not sure about the annual value for Tamarind
. Type of Property New Rates 2015
1. Landed Residential – 9.30%
2. Flat Residential – Low Cost/Middle Class – 7.50%
3. Apartment/Kondominium – 8.50%
4. Commercial – 11.55%
sorry my mistake. supposed to be RM300 per Month instead of 3.5k.
Means maintenance + accessment = RM300+378(maintenance and sinking fund( so total 678.
wow high end project + installment 4.5k = around 5178 per month.
not bad for a high end condo
The best luxurios and grand Low Medium Cost !
Splendid E&O, I had always wanted to buy a Low Medium Cost Apartment in Straits Quay!
Thank you for offering LMC Tamaling
Tamarind is not the best.. My unit bayswater is the best in penang.. Straits quay condo not really good in appreciation..
@Nice
Bayswater is near to TNB power station !!!!!
@David
Somehow it proved that bayswater appreciation is far far better than Strait quay condo.
We can see alot of driver motocycle without helmet shoot here& that during daylightor illegal racing during night time.. LMC build in tanjung seri pinang will add in & make this problem even worse..
@Nice
If you are talking about bike racing it’s common in Jalan Udini along the coastal
roads near to Tesco. I don’t think so as I have a relative trying to sell Vertiq and
find it hard to sell.
@David
Ppl are talking about bayswater and u say Vertiq.. Vertiq appreciation low.. Bayswater is the best.RM200k last time & now is RM900k above in market.. Tamarind now is RM650k to 700k..RM1.2million need wait another 15years.. Somemore is commercial title & nobody want..
These haters are so funny. If you wanna buy just buy, if you dont wanna buy then dont need to be jealous and sour grape about people’ss purchase
Same for Tamarind.
@Nice
Try to sell now and get some surprises. All condo around Tesco is really congested
and too close to each other.
Tropicana bay residence will eclipse bayswater in the future.
@picnic
Bayswater is nothing compare to others.The facade is like Pearl Regency with so
many windows look like LMC.
@No Interest
The problem here is Tamarind commercial title. This will lead to low appreciation insubsale. ..Don’t think Tamarind can hit RM1M after completed. Commercial title… High density.. Near to Power station.. Near to major Lmc apartment.. It willlead to low value in market. Bayswater is different class..residential with 2 carpark..low density compared to tamarind..
Tamarind not even start yet..low value.. Can not compete with bayswater.. The peak even worse.. Multiple of defect
Not many local ppl like to stay at seri tanjung pinang actually. Only those naive youngster think this is high class.. .. End up will regret in future.. To sell off..sorry la.. Very tough..& super hard
I am actually very happy with my purchase and it’s for my family. I don’t know why so many people who didn’t buy likes to talk bad about this township. Usually those people complaining probably markets the peak, mont residence and skybridge. Obviously agents from those projects. Anyways, yes it is indeed a high class location and thank goodness people like you didn’t end up buying it because the last thing we want are neighbors like you. Empty vessels if you know what I mean. Phew.
Don’t bother about them, majority are buying for own stay. So far, E&O has delivered all their projects with quality that impresses. Land next to tower B belongs to Ewein and not a TNB station, I saw the plan already. Tamarind is under residential house rules, only assessment is under commercial. Jazz residence on the other hand full commercial, I don’t see anyone here complaining about that. It’s all about location. Good location can demand better appreciation and rental yield and it’s easier to rent out compared to bad locations. Besides, that area consist of a lot of expats and an international community. Don’t forget another 790 acres will be reclaimed in the future. Invest now, later on upgrade to the new reclaimed area. If you listen to all these so called experts, you will end up like them. I personally own, 5 properties in seri tg pinang. So far all has appreciated and rented out to expats with good rental yield. So don’t need to listen to all these people. They think they know a lot but in fact they know nothing because they are still stuck with the loser mentality.
@GG
Near to major Lmc is much better than looking like LMC. The facade of
Bayswater is like LMC.
Bayswater is in no class to compare to others. Facilities only with swimming
pool and gymnasium and jacuzzi. It’s right to to say Bayswater is different
class after all.
published in The Edge newspaper today:
The STP phase-2A (200+ acres) reclamation rights awarded to China’s CCCC (the builder for Penang 2nd bridge). Work commencing soon (end of this year).
Grab your last ticket to own a property on STP phase-1 by E&O
E&O just awarded the reclamation of STP 2 and gurney drive to a China firm. This place is going to go up in price in the near future. Completion of reclamation of land will be within 30 months. That’s when the Tamarind will be completed (up to 48 months).
Last ticket to own a property on STP phase-1 by E&O ? Stop talking Kok,you
have money you can buy anywhere anytime.
@Property
Again no one is forcing you to buy, you can buy mainland for all we care. As you can see the next sentosa cove is in the making in Penang.
No need to shout around and again you’re talking kok. Sentosa Kok ?
Really nice to see Penang is developing and E&O is taking the lead in making a positive change for all of us.
@Cardevect
We are building more and more for sure. But whether it’s a positive or negative change, no one knows. As of now, I don’t think penang people are getting any happier in the last 5-8 years. Decent homes are getting more and more unaffordable. Even if you can buy one, that would mean a big chunk of your monthly income going into mortgage payments. Roads are getting more congested, not to mention the high density of potholes. The cost of eating out is getting higher due to escalating rentals that the eateries have to pay. Where is the positive change my friend?
Just got a unit at tower B today. Love the fact it is near tesco and a future island reclamation in the future that will boost growth further.
Eh excuse me Tower B, for your information, Tesco will be closing by end of next year. A memo was sent out to all staff last month. That’s why all workers low moral already. Always label wrong price tag and etc.
Tesco will take a 20-year lease, with rental increasing by 10 per cent for the second term of three years and by five per cent every three years thereafter.
I don’t think you should lie when clearly it is written in their lease contract that tesco will lease for 20 years.
@Mondeo
https://www.penangpropertytalk.com/2015/11/ewein-set-to-bag-second-penang-project-by-year-end/
This is it!! For the vacant land next to Tower-B.
For your info, our price is the lowest in Asia,
I will put Singapore and Hong Kong aside…as we are way out of their league…
Let’s take our neighbours to compare. Property prices in cities like Bangkok and Jakarta is way more expensive than us.
Then compare with under developed cities like Phnom Penh…Houses there are going for RM1500psf and 500sf only…cost of living there is way much higher…even a Koay Teow Theng by the road side will cost you usd2 = RM10…many places you are basically driving on dirt than proper tar roads…
Malaysia as a developing country where prices of houses in Penang are around RM500-RM600psf and is way lower than neighbouring countries…What we need, Penang has it all…
And with this I am really thankful we are in Penang…
Hi Tower B, I think you are right. They signed a long term lease (20 years sounds right) with the building owner (BSG if I am not wrong). I think I read that somewhere in the news years ago when Tesco first started in Tanjung Tokong.
But I recently also read the news saying Tesco Malaysia will be consolidating to cut cost. If I am not wrong, they have already shut down their operations in Korea or something. What Mondeo said could be true you know. Have you signed your S&P? Maybe can cancel?
@Cardevect
You forgot to add, I just like the traffic jams in Penang. The more the better.
Finally bought a unit here. I have always wanted to own a property in E&O, but cannot afford the really top range one… The Tamarind is good enough for me, even though not as luxury as andaman (That’s the wildest property i’ve seen in Penang, you should see the waterpark!); but i still own the location which is very convenient for me and my family.
@happy guy
Congrats. I will be your neighbor in the future too.
As for the empty government. Reserve land, Eweim announced today they are building luxury service apartments on it. So to those expecting it to be a TNB power station, you guys are wrong. It is 3 blocks of luxury service apartments called City of Dreams 2
https://www.penangpropertytalk.com/2015/11/ewein-set-to-bag-second-penang-project-by-year-end/
Don’t be too quick to jump to conclusion. If you scrutinize the article above carefully, you will notice that it said the land being developed is only “4.4252-acre”. Take note the whole government reserve land is actually 5.73acre. Go research carefully as it was already documented in State papers during the land swap that the land “dengan keluasan anggaran 1.44ekar akan digunakan oleh Tenaga Nasional Berhad (TNB) untuk pembinaan station”. This was stated as the reason for not being able to give Consortium (CZBUCG) the whole piece of the land.
Do not think that this is those small substations you see in your neighbourhood yeah. 1.4acre is a very big area. It is roughly one quarter (1/4) of the whole Government Reserve Land next door.
Ewe said Ewein is proposing to develop three blocks of luxury serviced apartments on the 4.4252-acre (1.79ha) piece of freehold land, which will have a gross development value (GDV) of RM1 billion.
To be called City of Dreams II, the serviced apartments will comprise 891 units, but with smaller built-ups than that of City of Dreams, he said.
oh oh… TNB station next door. Those facing it jialat. Next time want to sell, your pool of buyers will be much smaller and buyers will definitely push your price down at least 10-20% because who would want to face such big electric station everyday from their home.
700k for a small and high dense apartment. It is obviously a downgrade for you and your family.
@Tower B
City of Dreams II will not be built on that land, it is close to COD which is at the other side(near Marina Bay).
@ABC
It will be built next to Tamarind, confirm already. I have seen the approval for the site. No need to confuse us further. Early next year is the launching. No TNB station, confirm city of dreams 2.
Yeah confirm city of dreams 2. At first me and Loco thought it was TNB too but now I have spoken to people from Zeon and they said city of dreams 2 will be next to Tamarind. Launching early next year.
How do you all justify the “missing” 1.4acre land from this government reserve land?
Both parties are correct.
1. City of Dreams 2 is here (4.4 acres).
2. TNB also here (1.4 acres).
3. Total equals to whole reserve land site area (5.7 acres).
Already so hard to sell. Dont know whether will be facing a huge TNB power station some more. How to sleep like that?
@Saint
Some sleeping pills will do.
Don’t worry guys, I heard from Zeon that city of dreams 2 will be launched very soon, early next year, most likely during CNY. So you guys will have the answer by then. Very soon, another 4 months.
@Tower B. You seen before the approval plan. Where is the remaining vacant land (1.4acre) going to be? If go by Super’s calculation, COD takes up only one part. How about the other? You guys say there is no TNB and only got COD but how do you explain the land area balance? I am now very scared because people like us thought the next land really no TNB station so save to buy Tower B facing governement land. Now this doesn’t seem to be the case as the COD land announced (4.4ac) does not equal to the 5.7acres!
Actually there’s no TNB. Just checked with state planning unit, the plan shows a waste processing plant. Hopefully the size won’t be too big.
@Zorro
Waste processing plant means will be very noisy whole day??
Smelly too? News getting worse by the day. How am I to sign s&p with such uncertainties. The thing is there is a plot of 1.4acres left there. So what will it be? Power plant, waste plant or LRT? All these doesn’t look good for my unit because my balcony is facing it. It’s going to be noisy and even smelly… What is on this 1.4acre???
@Tamarind B
I hope this is not waste processing plant.. If really then i will quit..Even RM500k also i won’t buy..
waste processing plant ? Is it indah water ?
I will also walk away if really waste processing plant. Rather lose my deposit paid than suffer next time.
Anyway, State by now should have earmarked it for something. Doesn’t make sense for them not to give the full piece of land to Zenith Ewein. They rather cut out 1/4 and make the plot for Ewein even more odd size? You can view from Google Map satellite the shape of this 5.7 acre now. It’s not a nice rectangle/squarish shape now. If cut out 1/4, even more odd. Maybe that’s why Ewein can only built 3 blocks because it’s left with 3/4 plot.
Who knows what this 1.4 acre land is for? Please share.
so near to sea, still need to treat? let it flow to the sea easier la.
U guys are funny thou. Such a high density of land sure needs at least a power station and waste management station.
If not, the power from where?
Even a small GNG property also needs to have power station but a small size one.
Now we are talking about a few thousands of houses
The more people share on the government land, the more I think that’s why EnO sell so cheap. Going by their past projects, they always increase their price phase to phase. Why for Tamarind is not? Tower A was so easy to sell and without much marketing needed. Even their own agents say will increase the price for Tower B for sure. So its very fishy when management decided against increasing Tower B price.
Coupled with Ewein announcement that their plot of land is only 4+ acres vs full land 5+ acres, one can logically deduce there is a 1+ acres of “unknown”. Looking back at someone who first sounded everyone about TNB way before Ewein announcement, it looks like he might really have known some info.