why want argue here argue there? this condominium overpriced la.
go buy EcoHorizon will be definitely worth the value la.. sumore landed, it wont go wrong bro and sis.

HPBatuKawan :
why want argue here argue there? this condominium overpriced la.
go buy EcoHorizon will be definitely worth the value la.. sumore landed, it wont go wrong bro and sis.

Bro, how to compare ? LH vs FH, which location near to Ikea.. If you compare condo vs landed, then have to compare the price as well.

Wow,

Honestly this is one of the most brutal exchanges among all the properties listed on this site. Not sure why? Is it really that bad/big difference in opinion?

I haven’t got the chance to visit the showroom yet but I was told by a person visited the showroom it is like >70% sold. The Utropolis studio I was told sold out. Is it because of the lower price?

Like a lot of you, I have hopes on Batu Kawan hence would like to get something there. Vertu Resort is among my top 3 choices as it is freehold, close but not too close to the main attraction (ask anyone in Damansara and they will tell you the curse of being too close) and within my budget (RM5k per mth salaryman) And yes, I know there is a new condo coming up like right next to IKEA.

Should I go visit the showroom for more info or I shouldn’t be bothered? Based on what I read it is really a 50-50 split between pro and against. All inputs welcomed and thanks in advance.

@AlexO

If you work in or around batu kawan, then you should just buy something there for convenience and save toll (since your income is still quite low). Dont expect much capital appreciation because most people who choose to live there have similar profile to you (work in mainland with low income). Later when your income increase, you should look at island. That’s where you will get good capital appreciation and rental income (if you choose the right location on the island). But for now, like they always say, beggars can’t be choosers. Looks like you don’t have a choice.

@joe
Mainland rental same as island, but mainland property cheaper than island, which more worth and can cover installment? No need argue go mudah search urself, Mainland income also same as island, no need argue go jobstreet search urself

@Owner
can you let me know mainland which area/project the rental is same with island Seri Tanjung Pinang (STP)?

@joe

Agree and thanks. Having said that, is there any other cheaper and equal alternative? I don’t mind to travel a bit inside mainland.

@Kepo
Quayside over 1 mil rental 3.2k, 2.5 e&o terrace over 1 mil rental 3.5k, my 3 sty house 500k at bm 4000sf 8 rooms rent out 3.2k, which more worth?

Haha, ok, partition more rooms to rent out to banglas, that’s possible. But that’s a safety hazard, anytime authority can come and shut it down if there’s complain. In that case, low cost flats would give you even better returns. 60k per unit can rent out 500-600 per month.

@tiffany
Aiks, your statement hurts my feeling. Banglas are not all staying in low cost flats. You might never know if we banglas might stay in integrated smart city condominium like Vertu in the future. We also have our banglas dream ok?

@tiffany
Haha pity islander like never see big house before, my house over 4000sf gt 8 rooms no need do partition, ur island condo 1000sf 3 rooms? Then my 4000sf should have 12 rooms? Pity islander live like bird in small cage, my tenant is profesional gt high salary just bought new harrier 250k can gt high rental, ur bangla tenant bought bicycle park at roadside and always late for rental?

@Owner

Oh, you mean the original design comes with 8 rooms? That’s quite unusual. Which project is that? Just curious.

@Owner
You can have 40k sq ft mansion with 50 rooms in 1 ha of land at a cheaper price than the BM house you had mentioned in a remote place. But when you compare PG house with your BM 4000sq ft house rented to a high income tenant. So what? You are comparing apple to orange. Just because you are lucky to have tenant now, does not mean you will have tenant for this rental price through out your loan tenure. If you are buying with cash, the yield will not be continuos for the next 30 years or so. This is a paper gain unless you cash in on the higher profit while possible. Else, you only have a property that does not yield any interest. FD have at least 3% gain

It seems the project will only be completed by year 2021? 5 years construction?

Up to now, there is no IKEA in sight!! What happen to this project? Abandon? Ha ha ha…

@AlexO
It’s better to consider Sungai Ara area.. so many unsold units there and some more it’s on Island. The area is super jam… but you know why? It just to show that that area is really popular and price will continue to go up. Compare with BK, nothing there, no jam and no one wants to live there.

Anyone can comment on their guaranteed rental or buy back options?

@Obak
Lol omg still ply FD only 3%? laugh die me haha, property and rental will keep increase thats y rich ppl become more rich, u still put money in FD feed bank omg

@penang_lang
I think you eyes got stamp.
Some stamp on both of your eyes la, do you know the “setem”? now less people use. but you still got stamp at your eyes.

When u free sit helikopter go batu kawan see, the structure is up and u say its abandon. aiyoo oh ma god. dont siasui penang people la… pleasee i felt so sorry for you.

https://www.thestar.com.my/news/nation/2018/03/26/the-stench-of-overdevelopment-woeful-time-for-folks-at-township-due-to-foul-smell-from-animal-farms/

How close is Vertu to the reported pig farm?

@Stamp

Please la… up to now, still nothing there per last visit. Still all constructions and FW. You can see for your self or use Google Map. All brown in color. Yes, I know they say open next year Mar2019. So we wait and see la… until then nothing is certain. Even Southbay Plaza did not fly after open. Do you know that any new mall open in Pg Island no longer success? Even more so in Mainland. That’s because there are no people in Pg. Johor on the other hand is better. Singaporean Or China will come…

Long time didn’t update here.

After few months I still haven’t decide which unit to purchase because of personal and other matters. Listened to all your advice here and went to a few places to view.

1) For sub-sale units, I really shake heads on some of the newer units. There are irresponsible people turning units into AirBNB units while it is not allowed especially in inner Sg Ara and downtown area. On top of that, some of the units while listed as xxx sq ft, the actual space is like 20% lesser. How do we measure that?

2) For new units, the density is so crazy that somehow EcoBloom / Vertu Resort don’t look so bad. I visited a couple of projects under BSG and more than 16 units each floor is the minimum. Maybe I am looking at affordable housing but still this is too high dense for our liking

3) As my household got two working adults and work far apart, we even look at places where one of us would sacrifice for the longer distance. Still, either they are too expensive (Ferringhi Residences 2, M Vista), too small (EcoBloom) or not value of money (our opinion, maybe we are wrong)

All in all, we still feel Vertu Resort is still the best choice seeing that IKEA is definitely opening soon and there are a lot more factories now. We don’t feel that we can afford the new condo by Aspen. Our concern now is that the price keep increasing for the project and Aspen is not offering new discounts / cashbacks etc while the take up rate is still less than 90%. We should have went for it when it first released.

Willing to listen to your recommendations again here.

@alexo13
1) AirBNB is like normal case for newer apartment. Some unit layout may seems like smaller than actual.
2) I am not really sure how the density is measure up.
Aspen is good in marketing strategy although this project take up rate not reach 70 % if not mistaken. Can check thru they annual report in singapore exchange .

@alexo13
Vertu Resort price will drop after completed in the next few years. This is because no one will stay there… so if you can, please wait a little longer. If not, sg ara is the best area for you to buy as well. good luck

@AlexO
Hi, have you bought a unit there?

@Tin Kosong
Hi Tin Kosong,

Read the Q2 2018 Financial report here:
http://aspen.listedcompany.com/newsroom/20180807_190325_1F3_3N48L06LS1ZNOQCF.1.pdf

Where did mention the take up rate has not up to 70%? Please advise.

@TK Tan,
here, on page 16 :
As at 30 June 2018, Vervéa, the commercial property project and Vertu Resort, the residential project within AVC has recorded sales of 88.74% and 68.94% of total units respectively.

As at 30 September 2018, the first two developments at AVC, Vervéa and Vertu Resort, recorded sales of 89.43% and 70.79% respectively. Q3 2018 report for aspen : http://infopub.sgx.com/FileOpen/AGH_Financial%20Results_3QFY2018.ashx?App=Announcement&FileID=533751

@penang_lang

New bird in talk forum.
Hi Penang Lang, Have you join the crowd to BK yesterday ? ha ha ha…

Comment:

1. Aspen workmanship is super (fill in the blank) with many feedbacks in Tri-Pinncle & Vervea commercial.

2. If you buy Vertu Resort then u see Vivo, you are in a deep (fill in the blank)

3. Batu Kawan by Aspen full of high rise, can absorb or not the market. Buyer will be in (fill in the blank)

come buy Horizon landed better la why u want buy bird cage when u can buy luxury landed?

Chan :
come buy Horizon landed better la why u want buy bird cage when u can buy luxury landed?

Horizon landed is 800k+ bro. If afford to buy 800k better buy Viluxe landed which is freehold la, same price u buy leasehold for what. Can hari-hari walk over to IKEA to tapao karipap lagi.

andy :

Chan :
come buy Horizon landed better la why u want buy bird cage when u can buy luxury landed?

Horizon landed is 800k+ bro. If afford to buy 800k better buy Viluxe landed which is freehold la, same price u buy leasehold for what. Can hari-hari walk over to IKEA to tapao karipap lagi.

viluxe just 20×70 la also small, horizon 22×70 maaa bigger abit. horizon can cycle over buy karipap also. then stay horizon feel more proud maa.. aiyo if stay viluxe apa mau kecoh

Any owner group?

Any owner group? Pls bring me in

@cvj
As at 31 December 2019, the Group is pleased to report that
TRI PINNACLE and Beacon Executive Suites located on
Penang Island have sold 91% and 64% respectively. Vervea,
the commercial precinct and Vertu Resort, the residential
project that are both located in Aspen Vision City, Batu
Kawan have sold 89% and 71% respectively
https://aspen.listedcompany.com/newsroom/20200515_213045_1F3_6GDB2BY7QGEW2QZP.1.pdf

Why does the building look so cheap and ugly? It has very complicated designs and lines. Its a real eye sore as compared to the rest of the buildings in the area!

just buy la. in the future they plan to build hospital next to it.

ASpen is selling left over units for 500k, same price many paid in 2016.
5 Years and still same price. Flippers screwed.

@K14
Of course flippers screwed lah. With the state gov giving such super high development plot ratios everywhere allowing developers to build super high building with high unit density, developers can easily keep the market fully supplied. One condo project can easily supply 1000 units, and with still so much land in batu kawan, can you imagine the bleak future for flippers!???????

batu kawan developement is slow…Aspen please start ikano mall to save your housing project

ya, 488k unit alrd finish , left 500k above ~ can pm me de to visit

Leon :
ya, 488k unit alrd finish , left 500k above ~ can pm me de to visit

Henry Butcher selling now?

@Leon
what is diff between 488k and 500k? better top up 200k to get landed

any residence WhatsApp group?