This area is too congested already. I hope the Penang government will be careful when approving projects in Paya Terubong.

Take the mudslides, lanslides, flashfloods seriously.

Strongly agree! Why need to build so much high rise condo in this area? Everyday jam like hell already! Focus on only building house but never solve the road problem!

pls build more highrise apartments… we need more affordable housing

I stay at this area, the only one way street at both of the road side is the bottleneck(near the small town), really killing everyone who use it.. jam like hell.. what else the number of population and car keeps increase..

Where can apply?how to apply?

Infra structure is the main concern here. Having more housing is good but people will shun away because of road congestion. Hence the property will not be attractive. The developer and the government should iron out that problem before starting on the project.

For the people like me who already paid the 10% down payment of the old Majestic Heights, I’ve other better choice, but to buy it. I just hope they will eventually build it.

pm me interest at ravensawbl@hotmail.com

interested, pm me at ravensawbl@hotmail.com

When open day can buy ???

please pm me if you’re interested

@jones chin
Hi,
I’m interested this project.
Can I get further information for this project?

Thanks.

@jones chin
Hi, Im interested, would like to discuss more on the details.

Thank you

This project literally sold like hot cakes during the 1 week cny road show in Queensbay! Over 300 units sold in one week! thats a 100million in sales!

Booked and sold are definitely two different things.

@Bosch
As long as SNP not signed yet, it’s not considered sold. Go and check after 1 month. You will surprise to see still have many units due to redraw (due to sign up eagerly without thinking too much), reject by loan……..

Fully sold, such cheap project where to find.

Cheap project but terrible place for stay….super high density

@BB

I was there looking at the crowd. Most of them look like serious buyers. Honestly, it was really selling like hot cakes. But I don’t there was 300 units sold. The developer only open (my guess) about 100+ units for sale, mid floor down. They will open mid floor up later.

How much monthly maintenance fee?

@Ari
15 cents psf

Leongt,thank u for replying me.I saw orange stickers put up from level 21 to the top,do you know what it means?

I was offered two choice: The Stone or Sandiland Foreshore. Now am in dilemma cz the first is freehold status but far from city while the later leasehold but in city line,Georgetown. Advise me what to do?

Ari :
I was offered two choice: The Stone or Sandiland Foreshore. Now am in dilemma cz the first is freehold status but far from city while the later leasehold but in city line,Georgetown. Advise me what to do?

Where is your working place ? Where is your daily activity location? Ask these 2 simple question to yourself.

For me, I will choose Sandilands

Appreciate ur view,thank u Tan. My workplace is around Jelutong.I saw many sell off and move out from my current residence,leasehold status one reason.The Stone is freehold,1000sft with 2 free car park lots,free 5K SnP n other document fees,LRT built just opposite to the gate,maintenance fee RM150 pm.But,the project itself 1000 units to occupy,some rent out to foreigner workers as seen in Majestic Heights.Even more will be another 7658 units builts next to The Stone,will not help its value.PLB service is not good.While Sandiland Foreshore,as I see about good as its neighbour,The Sandilands but leasehold status a push factor.With given points here what should I do?

Ari :Appreciate ur view,thank u Tan. My workplace is around Jelutong.I saw many sell off and move out from my current residence,leasehold status one reason.The Stone is freehold,1000sft with 2 free car park lots,free 5K SnP n other document fees,LRT built just opposite to the gate,maintenance fee RM150 pm.But,the project itself 1000 units to occupy,some rent out to foreigner workers as seen in Majestic Heights.Even more will be another 7658 units builts next to The Stone,will not help its value.PLB service is not good.While Sandiland Foreshore,as I see about good as its neighbour,The Sandilands but leasehold status a push factor.With given points here what should I do?

You should give these points first priority:
1) Jelutong, very close to Sandilands. You know how bad the traffic jam nowadays.
2) Leasehold, but IF the lease period start from 99 years, u still have very long period.
3) Sandilands, very close to Karpal Singh Drive, you should know how “booming” that area is.
4) LRT, first phase is the KOMTAR-Airport line, Sandilands is at this first LRT line location, there is a LRT station nearby. On the other hand, Paya Terubong Monorail (not LRT) is 2nd phase, we will never know how soon this LRT being build, summore Paya Terubong Monorail is 2nd phase later (10 years? 20 years? never?).
5) Neighbourhood quality, go compare Karpal Singh Drive and Paya Terubong neighbourhood quality. Do you know why even ECOWORLD’s ECO Terrace luxury condo also very struggle to sell in Paya Terubong area ?? Again LOCATION & neighbourhood quality that’s matter.

Constructive feedback from LamKT

LamKT,your experience giving me a surprise. Really value your point of view.I have thought about these pros&cons about The Stone since my last visit to PLB exhibition in Queensbay.I read lots of “hot selling like cake”screams from The Stone viewers also saw they holding a buck of cash waving toward the sellers,I have to double-check my consideration to avoid deep regret I might going to make in near future.Yes,neighbourhood discouraged me going there not merely a visit but staying but Sandilands Foreshore also next to Macallum folk you know no different from Paya Terubong folk too.My current apartment in Jelutong left 80 years leasehold,the sub-market price is stagnant even LRT will be built in front of the apartment,will not push up the price.Hard to make right decision since I am a novice in property game.

Ari :
LamKT,your experience giving me a surprise. Really value your point of view.I have thought about these pros&cons about The Stone since my last visit to PLB exhibition in Queensbay.I read lots of “hot selling like cake”screams from The Stone viewers also saw they holding a buck of cash waving toward the sellers,I have to double-check my consideration to avoid deep regret I might going to make in near future.Yes,neighbourhood discouraged me going there not merely a visit but staying but Sandilands Foreshore also next to Macallum folk you know no different from Paya Terubong folk too.My current apartment in Jelutong left 80 years leasehold,the sub-market price is stagnant even LRT will be built in front of the apartment,will not push up the price.Hard to make right decision since I am a novice in property game.

U can invest in landed property in mainland

LamKT :

Ari :Appreciate ur view,thank u Tan. My workplace is around Jelutong.I saw many sell off and move out from my current residence,leasehold status one reason.The Stone is freehold,1000sft with 2 free car park lots,free 5K SnP n other document fees,LRT built just opposite to the gate,maintenance fee RM150 pm.But,the project itself 1000 units to occupy,some rent out to foreigner workers as seen in Majestic Heights.Even more will be another 7658 units builts next to The Stone,will not help its value.PLB service is not good.While Sandiland Foreshore,as I see about good as its neighbour,The Sandilands but leasehold status a push factor.With given points here what should I do?

You should give these points first priority:
1) Jelutong, very close to Sandilands. You know how bad the traffic jam nowadays.
2) Leasehold, but IF the lease period start from 99 years, u still have very long period.
3) Sandilands, very close to Karpal Singh Drive, you should know how “booming” that area is.
4) LRT, first phase is the KOMTAR-Airport line, Sandilands is at this first LRT line location, there is a LRT station nearby. On the other hand, Paya Terubong Monorail (not LRT) is 2nd phase, we will never know how soon this LRT being build, summore Paya Terubong Monorail is 2nd phase later (10 years? 20 years? never?).
5) Neighbourhood quality, go compare Karpal Singh Drive and Paya Terubong neighbourhood quality. Do you know why even ECOWORLD’s ECO Terrace luxury condo also very struggle to sell in Paya Terubong area ?? Again LOCATION & neighbourhood quality that’s matter.

I dont agree with you, leasehold is the main problem, there are uncertainties for leashold property and the problems will kick in when the house left about 50 years. Of course, u will say that after 50 years, we all sudah mati, dont care too much, if like this, we can just rent a house for life. I guess, some ppl just wish to leave something for the children and grand children

Moslem4u,yes leasehold a major problem but it’s premier location near UNESCO area hard for me to reject the offer.I have weigh rental alternative way to earn in case the unit fail to sell off.I was told if wanna the status upgrade to freehold will have to pay premium fee in turn the unit will sell at nearly a million ringgit like IJM condos in Karpal Singh area..i appreciate ur input.

Ijm condo at Karpal Singh area all are leasehold and non of they successful converted to freehold.

It is super hard to convert, last time my fren bought The Spring and IJM told them can convert, now almosy 10 years already, no news…

Forget abt the leasehold thing, ur choice is easy to decide.

Do u think 50 years later the Freehold condo still can stay? Ur child / grand children still want to stay in it? If landed different story, that piece of land that matters

@Moslem4U
Let’s imagine the WORST case scenario for owning a leasehold property:
1. Imagine the lease ends after 99 years, and the government wants to develop the land and does not want to renew the lease. What happens?
2. The government is obliged to pay a compensation to the owners base on market price.
3. Yes you may lose the property, but you will be paid the market price- which would be much different 99 years later.
4. So compared to renting 99 years where u pay 99 years of rent and get nothing in return, by owning the property, you will receive a sum of money (or your children/grandchildren if your dead) which can be used to buy another property.

And that’s the worst case scenario. So do not worry, you will still have something of value no matter what at the end of the lease.

I fully agree with gooner on the leasehold issue. It is not that simple for the govt to displace thousands of families just to reacquire the land. There will be huge repercussions if they do so. Next term election sure habis. So in my view the myth about leasehold land is busted. If the govt finally does acquire the properties (in the very very unlikely event) there will still be something of value for the owners. As for some comments about the conversion of leasehold to freehold for The Spring, it could be too early for the government to do anything yet as the properties there are only into their 10th year of ownership. There will be ways to apply collectively for conversion of the lease or renewal as ive mentioned before , the govt cannot just displace thousands of families without a remedy.

is that lease hold land belongs to the Govt or private entities?
you buy into the leasehold properties knowing that situation at that “cheaper” prices.

if can so easily convert…then why buy into a ‘Freehold” properties prices?

gooner :
@Moslem4U
Let’s imagine the WORST case scenario for owning a leasehold property:
1. Imagine the lease ends after 99 years, and the government wants to develop the land and does not want to renew the lease. What happens?
2. The government is obliged to pay a compensation to the owners base on market price.
3. Yes you may lose the property, but you will be paid the market price- which would be much different 99 years later.
4. So compared to renting 99 years where u pay 99 years of rent and get nothing in return, by owning the property, you will receive a sum of money (or your children/grandchildren if your dead) which can be used to buy another property.
And that’s the worst case scenario. So do not worry, you will still have something of value no matter what at the end of the lease.

U got no experience in leashold house, my house was gave by ancestor and the size was 5000sqf. However, it was a private leashold, the land owner took the land and just compensate with a unit of flat. Because that house had a number only. 1 to 1 replace regardless the size. A 5,000sqf estate house being replaced with a 700sqf flat? No for me.

Bosch :
I fully agree with gooner on the leasehold issue. It is not that simple for the govt to displace thousands of families just to reacquire the land. There will be huge repercussions if they do so. Next term election sure habis. So in my view the myth about leasehold land is busted. If the govt finally does acquire the properties (in the very very unlikely event) there will still be something of value for the owners. As for some comments about the conversion of leasehold to freehold for The Spring, it could be too early for the government to do anything yet as the properties there are only into their 10th year of ownership. There will be ways to apply collectively for conversion of the lease or renewal as ive mentioned before , the govt cannot just displace thousands of families without a remedy.

Leasehold is leasehold. that wasn’t ur land until they convert it. If leasehold = freehold, why freehold a few million and leasehold just below a million.

A single storey bayan baru leasehold is around 700K only but a single storey in same area and free house costs above 1 million. Why?

Tan :
Ijm condo at Karpal Singh area all are leasehold and non of they successful converted to freehold.
It is super hard to convert, last time my fren bought The Spring and IJM told them can convert, now almosy 10 years already, no news…
Forget abt the leasehold thing, ur choice is easy to decide.
Do u think 50 years later the Freehold condo still can stay? Ur child / grand children still want to stay in it? If landed different story, that piece of land that matters

Not only Spring, Ideal One World/One Sky, said want to convert also cannot. The terrace houses opposite Sunshine Square, all said want to convert by local government, no news at all. Not left 80 years++ only.

Moslem4U :

Tan :Ijm condo at Karpal Singh area all are leasehold and non of they successful converted to freehold.It is super hard to convert, last time my fren bought The Spring and IJM told them can convert, now almosy 10 years already, no news…Forget abt the leasehold thing, ur choice is easy to decide.Do u think 50 years later the Freehold condo still can stay? Ur child / grand children still want to stay in it? If landed different story, that piece of land that matters

Not only Spring, Ideal One World/One Sky, said want to convert also cannot. The terrace houses opposite Sunshine Square, all said want to convert by local government, no news at all. Not left 80 years++ only.

Correct, that’s why I said those who buying into leasehold property and having a HOPE it can be converted to freehold status, please forget it.

My point is, if your property is landed, then freehold / leasehold does matter, very very important.
However, if your property is condo/apartment, it doesn’t matter.

@Moslem4U

The “private leasehold” property you inherited is totally different from the “gov leasehold” that we are talking about here. For private leasehold, the original ownership is a private entity, and the terms of the lease is often written “crooked” to benefit the original land owner. Meaning the contract can be written in such a way that you will be compensated a peanut upon lease expiry date.

Whereas for gov leasehold, terms and conditions are standardised, requiring the state to compensate at market value. Again, money is small matter when it comes to gov, the big issue is taking away homes for thousands of residents. That never happened before in Msia.

@Buyer88

To answer your question of “if can so easily convert…then why buy into a ‘Freehold” properties prices?”, my observation is that property prices are MAINLY determined by location, not lease/freehold. That’s true for Hong Kong, Spore and all the main cities in the world. For Penang, I really don’t see a significant diff between the 2 categories, the demand and therefore pricing are still mainly driven by location.

@LP
I agree with you, but some people still don’t understand. I remember I heard a Professor talk about freehold in Malaysia that is not really freehold. It’s actually have some hidden clause, Even it’s freehold if government want to redevelop that area they still can do it due to there is a Law that say Government will have the final say

LP :

@Buyer88
To answer your question of “if can so easily convert…then why buy into a ‘Freehold” properties prices?”, my observation is that property prices are MAINLY determined by location, not lease/freehold. That’s true for Hong Kong, Spore and all the main cities in the world. For Penang, I really don’t see a significant diff between the 2 categories, the demand and therefore pricing are still mainly driven by location.

you are now comparing apple to apple…..what if the 2 properties are at the same location with almost the same facilities and floor area…. 1 is Freehold and the other is leasehold. will the freehold command more value?

Dan :
@LP
I agree with you, but some people still don’t understand. I remember I heard a Professor talk about freehold in Malaysia that is not really freehold. It’s actually have some hidden clause, Even it’s freehold if government want to redevelop that area they still can do it due to there is a Law that say Government will have the final say

yes, the govt should have the final say…but who will get more compensation?

@Moslem4U

The difference in price is determined by the general perception of the public when it comes to leasehold property because of their own perception as to what might happen. It is only because of the typical mindset that the property “is not mine” and can revert to the state anytime. Of course if anyone has the means to buy freehold property then they are free to do so but the question you might want to ask yourself is will everyone be able to buy a property at a location of their choice with freehold tenure? i do not dispute that prices may vary between leasehold and freehold but the nature of holding alone does not determine the price. other factors have to be weighed in as well like location etc etc. It is NOT THE DEFINITIVE factor to ascertain value. Finally the point here is there is still something of value for the owner should the govt acquire the land at the end of the lease which is in the very very unlikely event. When acquired it will be valued accordingly at the prevailing market value.

@LP

Agreed. I share your view too. Unfortunately many seem to be barking up the wrong tree

@buyer88
They will get market price compensation regardless of lease or freehold. Leasehold or not is not important, it’s the location, amenities nearby and neighborhood.

@Dan

You are refering to the Land Acquisition Act . This act allows the govt to acquire private land for “public utilities” like PBA and TNB. However, even if the government wants to do so adequate compensation must be paid as well as taking public opinion into consideration, It really isnt as straighforward as everyone thinks. The government cannot act high handed in such cases as there will be serious consequences. In cases of completed projects where thousands of families live it is impossible for the govt to uproot families in the name of acquisition.

@Bosch
Yea Land Act 1960. Now I recalled. They will be compensate accordingly regardless of lease or freehold.

Dan :
@buyer88
They will get market price compensation regardless of lease or freehold. Leasehold or not is not important, it’s the location, amenities nearby and neighborhood.

yes, will get market compensation.. will definitely at a different rate….
it is individual preference for now….
30 yrs down the road, when the next buyer wanted to buy…the banker will have another preference lor.

End of the day even if you cannot convert the tenure from freehold to leasehold then just apply for renewal of lease lah. This is allowed under the law. By the way I just bought a unit of the Spring as well knowing fully well its leasehold. ;-p

Aiyoyo, leasehold property vs freehold property, if same house, same area, same size leasehold property price confirm is cheaper than freehold. Then you all buy leasehold then still want same benefit as freehold property.

Leasehold confirm is less beneficial than freehold in term of valuation in the future if anyone want to acquire the land for redevelopment.

Now day ppl all like to dream, want good horse and still want horse no eat grass.

No need debate till so profesional this act that law. Own self think logic also know. Always like to dream now day people.

@buyer88

To answer you question on “…what if the 2 properties are at the same location with almost the same facilities and floor area…. 1 is Freehold and the other is leasehold. will the freehold command more value?”, let me share with you, my experience in the field of property over 30 years showed that it is not uncommon for 2 properties within the same project with same size getting transacted at the same time but having a price difference of 20%. In other words, it is almost meaningless to compare it that way. You can’t, it doesn’t work that way.

@Bosch

Are with you that “The difference in price is determined by the general perception of the public when it comes to leasehold property because of their own perception as to what might happen.” Perception is important, and perception will converge with reality in the end.

@Bosch

I meant “agree with you that…”

@LP

I defnitely dont subscribe to the view that leasehold property is subject to acquisition by the govt and therefore Im afraid to buy leasehold property. The fact that there are many leasehold property owners out there is proof that not all believe that they will lose their property at the end of the lease. Perception does affect the price but is not the definitive factor. Hope this clears the air

I would like to thank u all for being interested in the topic I am writing relate to leasehold land issue.

I think this article will help you:

“Pay some premium and it’s done, owners of leasehold properties told”

Penang Chief Minister Lim Guan Eng.

The state government has no objection to renewing the leasehold land status of residential owners, including the 465 households in Bukit Gelugor.

Chief Minister Lim Guan Eng said houseowners only need to pay the difference in terms of premiums to extend the lease.
“There is no problem for houseowners who wish to extend their lease for another 99 years.

“They can just submit their application to the land office. For the record, we have actually renewed some of the leases,” he said.
Lim, however, said the conversion of leasehold to freehold status was a different story.

“Under the National Land Code and the Federal Constitution, we have to get permission from the National Land Council before we can award freehold status to leasehold land owners.
“The National Land Council, however, did not agree to the state government’s application to give freehold status to owners of residential properties.

“Nevertheless, we are still trying. The problem is that the National Land Council meets only once a year.
“We will still try our luck during the meeting to be held either this month or the beginning of next month,” he told a press conference at his office in Komtar yesterday.

Lim was responding to the 465 households in Bukit Gelugor who wanted the state government to help them renew their leasehold land status which will expire in 2052.

Penang Bukit Gelugor Residents Association vice-president M. Ganesh had said they were uncertain about the state policy on the matter.

Lim said they had explained the situation to the Bukit Gelugor houseowners many times, including once before the last general election.

He also said the state government adopted a people-centric policy, under which houseowners with expired leasehold land status in new villages, traditional villages and estates get to enjoy 90% discount in premiums for their lease renewal.

Simply,I just want to know if you are in my shoe which one will you decide to buy The Stone (freehold land) or Sandiland Foreshore (leasehold’s)? Just for my study.

What is wrong with my post? I tried to put up twice time but get “awaiting moderation”..

all wrong, compensation for freehold musr follow market price, for leasehold dint follow market price, for leashold gov can just replace u low cost flat unit even market price 1mil, thats happen at pg island house before, thats y cant get loan from bank if leasehold property less than 30 years.

Hi lalazai,

Which penang island house is that?

@ari

Where do you get sandiland info? I’m interested also.

@lalazai

“this happened in penang island house before” – My dear friend can you pls name and provide proof of such thing?

Please dont talk nonsense if you have nothing better to say

I agree what lalazai say….after 30years lease hold price sure dropping slowly…lets say the house only left 50years, would u buy it with a higher price and higher interest??

@Kelvin
yes, I lived in farlim. Everyday need to passby d shortcut to relau, the jam is a pain, especially during weekends and evening after work.

https://www.imoney.my/articles/freehold-vs-leasehold-which-is-a-better-buy

Is there any buyer here, which is also the purchaser of previous abandoned project on the same plot of land (phase 2B/ 3A), being called up by the developer to arrange for S&P signing?

Do the developer mentioned on how (or at what stages) the payment paid to the abandoned phase 2B/ 3A, will be deducted if taking up the offer for a unit at The Stone? As my understanding, all payments paid for the earlier abandoned Phase 2B/ 3A project will be deducted from the selling price of the new unit (the stone). And any further details, will only be notified when signing the S&P.

Hi, may I know have any The Stone buyer already signed S&P, thanks

@josh88

I am one of the purchasers and I signed my s&p recently. I was made to understand that about 100 purchasers have signed their s&p as well

@josh88
Sign in May’17

I signed my spa last month. Very happy i have finally landed my first home

My relatives and myself bought 3 units between us and we have all executed our spa at the lawyers office

Thanks for your reply. I ask developer and agent, they say cant sign S&P because their license not yet approve, but i already signed bank offer. BTW, me is buy Block B.

Was confirmed a unit with PN-1 housing scheme, paid the deposit during their roadshow on the CNY and was told everything will be settled within 3 weeks. Now it’s half a year and my PN-1 still havent approved cause they havent got their licensed yet. Got my bank offer and put it on hold but were urged to sign S&P 1st. My question, is there even SOP with how you all work around?

@Col91

I signed up for my unit too as well. Its not uncommon for developers to urge purchasers to sign s&p first while the APDL is pending. I dont see any issue there because the APDL will be issued . Its just a matter of time. PLB is not a fly by knight developer so Im putting my trust in them. It is not in the interest of developer to delay the APDL anyway and any delay will be to my advantage as the price of the unit has been locked down. Of course if you are sceptical you dont have to sign but you will risk losing your unit to other purchasers who are willing to put down their money. I heard that some 100 purchasers have already signed their SPA. Your decision mate

can i confirm who will be the one absorb all the legal fees? the constructor? any others fees need to bear by us?

@Mafia

Thanks for sharing your experience. Indeed I’m still very fresh here, I got my other unit under different developer and everything went smoothly, (probably APDL was issued and it’s not under PN1 scheme). Guess I will just wait til every legal document is processed, better be safe than sorry.

I am one of the purchaser of block 1,
Does anyone know the ceiling height of the appartment

Would like to know your thought about two projects I am undecided based on my lack of knowledge of the property added value in future.Which is better between The Stone or Sandiland Foreshore?

by the way. is there any layout plan for electrical point for the stone blk 1`. Is there any heater point in bathroom or aircond. point and pipe for outdoor unit installed in the room and the hall

@danny chong
10ft, but i’m purchaser of Blk B

Thanks Josh.
By the way have you signed the sales and purchase agreement

Thanks Josh.
Have you signed the sales and purchase agreement

Anybody knows if the common corridors are cement rendering only or with tiles pavement.

@danny chong
not yet, how about u

intrested the unit, sales please contact me in line(id:yew-1984)

Probably sign in January

May I know anyone apply mydeposit, i hear some ppl say can, some say cannot

@josh88
dont unserstand

@danny chong
https://sprn.kpkt.gov.my/info/mydeposit

Thanks. No idea

Hi. Anybody knows when the show unit be ready.

@Danny
Saw a FB post today from NGP homes mention that show unit is open for viewing on this coming CNY 17/02(SUN) – 19/02(Mon)… Location will be Taman Terubong Indah

Christopher :
@Danny
Saw a FB post today from NGP homes mention that show unit is open for viewing on this coming CNY 17/02(SUN) – 19/02(Mon)… Location will be Taman Terubong Indah

Correction… Should be Sat-Mon

Is the building safe? Any concern on the hillside collapse in future?

How’s the progress of this project?

Any show unit for this project?

@Col91
So did u signed and paid before PN1 approved?

@Cloud Show unit is open for viewing this weekend 16 (Sat) and 17 (Sun) at Taman Terubong Indah

@MaY

Nope, I only paid for the booking fees & luckily I insisted on not signing the S&P. Ended up state gov rejected the PN1 application despite I re-appeal with the “confirm” method as instructed by them. I accept the decision of government disapproving the application, but I highly condemn the empty promises given by the authorised sales agent. Such unprofessional way of handling client and practicing “Chop 1st pay later” method here.

Btw i just got back my deposit recently after 1 and a half year wasted and total unpleasant experience with them. To the developer, if you are reading it please reflect your decision of choosing your next outsource agent, they are tainting your reputation (only if you even care it at the first place.)

@yps88
Yes. I witnessed several incidents in front of my house.That why I changed my mind to buy other property not here. Feel sorry to blinded investors.

@Emmy
may I know where did u witness the incidents? is it landslide??
I plan to buy a unit in the apartment. This is my first house. still considering to buy or not. Thank u.

Anyone knows how is the progress of this apartment?? Is it reliable or worth? How much is the selling price now (Ogos 2018)?

@Col91
May I know what is PN1

By the way anybody seen the site recently? How is the progress? Any photo please post

The agent of PLB help me to summit PN1 form on March after I paid the 3k booking fees, I keep on asking the status with the agent,agent told me wait,he will keep on tracking with government. Today I check eRumah, I found my request has been cancel due to not submit document for verification within 30days. I am so disaapointed, waiste the PN1. Is it the tactic of your agent when you started to sell the open unit which is higher price? The agent told me if can’t get government approval on PN1 just buy the open unit.

@chong chee wei
PN1 means first home buyer, whoever not own any property or own a property below RM300k and below can entitled for PN1 to apply for affordable house.

@CHeng woon Ling

Did your booking fee direct to the developer or to the agent? By right should be to the developer, if cancellation or loan failed to approve it should be fully refund in 3 to 4 months time. If cancellation, cancellation form needed to fill up.

Would like to ask my bank loan still not ready and agent already urged to sign the SPA. Is is the correct way to proceed the SPA without bank loan approved ? As i refer some website indicate the 10% deposit will be forfeited if signed the SPA first but the bank loan is not approved after that.
Am i correct ? Anyone here has been pushed by the agent to sign the SPA without loan approval ?

Appreciate if the agents can pose some photos on the progress

Hi. Is the landslide yesterday affecting the stone building time frame or going to stop.

paya terubung seems like happened alot of landslide issue. Behind The Stone building hillside was constructed for highway, not sure future will have issue or not.

Any whtapps group for The Stone Residences join?

@lek lian
Perhaps if you create one and post it here, and they will give u their contacts? Btw, which block are u buying?

@chong chee wei
I also have the same thought and concern like u. In fact, i even texted one of the housing agent, he said it is not impacting on the building but on the new pair road which is now in build around Relau area. Pray hard that we look forward to the completion by 2021

Have any whatsapp group to join for this property ?

@Aaron
Block B

@lek lian

Got any whatsApp group ? Please add me

@lek lian
I am one of Residence. 0192801168

https://photos.app.goo.gl/3bTJR2hFLoMPF9Jc9

Last week taken some photos at the site. Go to site and see.

Have any whatsapp or wechat group to join for this property ?

@beby
Who would like to start a group?

Did anyone have the electrical layout for the building?
Power point location, wiring route etc.
Or anyone have connection with the contractor who build the building?
BTW, I’m one of the Block B buyer =)

Any one still pending Penang state government approval to buy the unit?

Main Contractor change to CR3 Southeast Engineering SDN.BHD. is China Company call 中铁三局。

@Jason.x1008x
If you get the plan, kindly share here

Anyone want to create group? i would like to join in

https://photos.app.goo.gl/XobqTDxfki89jzni7

Today lawyer told us the car k park lot change to other place, from Level 7 move to Level 8, any buyer also having this problem ?

@Max
Just a minor changes for me as they switch the lot between the same level

Who created WhatsApp groups?

Any one created buyer group? or pre management group?

@Max
Mine also minor change, still same level

FB group for buyers:

https://www.penangpropertytalk.com/2015/08/the-stone/

MaY :
FB group for buyers:
https://www.penangpropertytalk.com/2015/08/the-stone/

Is there a group ?

@MaY
unable to find the group ?

Any updates on the project? The agent told me the completion of highway was delayed to even further due to fund not enough. Not sure is the property able to complete by 2021?

Hi all, I don’t mind to create a group for The Stone buyers. Which app is recommended to add most of the buyers (we assume large number of people and preferably to add 1 person in for each unit)? Can whatsapp accommodate more than 100 people in a group? I’ve not try that before.

@Aaron
use telegram

@Aaron, I want to join

dear admin, add me in the group chat

Anyone receive call for sign revise parking floor plan for the second time?

@Teow
Called to confirm… Not required

@siong
Kindly drop me a msg in Whatsapp or Telegram

@Jasminego86
You may drop me a msg in Whatsapp or Telegram and I will add you into the group

@beby
Drop me a msg so that I could add you into the group

@Aaron
any info that I can pm you ?

Hi i am 1 of the buyer how to join the group?

@Chin
Drop me msg. My number is above

Hi I not able to contact Aaron, may i know which number to join the whatsapp group?

@Don
Unfortunately, Aaron passed away according to his sister.

Any whatapps group available?

Any WhatsApp group to join?

Anyone have photo to update?

Any whatsapp or telegram group to join

There is a fb group. Search “the stone”.

Hi guys,

ANy update of this project. Are the developer facing any problem. Look like the facebook page The stone also last updated on 27 October 2017.

@Kalai selvam
U can follow a private group on Facebook name ‘The Stone (Paya Terubong)’

Is any group in WhatsApp ? If have please send the link

Is any group in WhatsApp ? can add me in group

Any owners here? Can we meet up together and form a group to sue the developer? By far the worst project in the entire Penang Island. Overpromised and everything is below expectation. Nothing good about this property. I’m extremely angry of the developer’s attitude

@JunCW
can you explain more about the issues here? Interested to know

@CC

are you owner?

@JunCW
No, i’m not. I’m currently shopping around for properties around Penang and want to be informed. If the issues are not convenient to share publicly, this is fine. Thanks.

@CC

Ya sorry, it’s a bit sensitive to discuss here. All I can say is, it is nothing like what was presented. If it’s on your list, maybe reconsider it again. Or atleast, not now.

@JunCW
The Rise Collection 400k house is the worst. Presented in flyer like super good but hau siao finishing all. Worst apartment ever..

The stone now also facing same problem & many rented out for resigner. If no control then end of the day will turn into Bangla village.

@The Rise Collection

Yeah.. I think all the local developer is full of shit. Well, I don’t think anything can stop The Stone becoming Bangla Village. Unless government do something to developer who overpromise and deliver such an embarrassment. Else, who would want to stay?

JunCW :
@The Rise Collection
Yeah.. I think all the local developer is full of shit. Well, I don’t think anything can stop The Stone becoming Bangla Village. Unless government do something to developer who overpromise and deliver such an embarrassment. Else, who would want to stay?

Yeah local developers know they can get away with the loopholes and delaying tactics in lawsuits. Even The Rise 3 owners bought at 400k also hardly 10% of the owners going for the lawsuit against the developer.

Wish you luck grouping up the owners for lawsuit. Most owners might just swallow the bad qualities or just sell off the property rather than going through the long battle of legal lawsuit.