Novus
Novus, an upcoming residential development by Prisma Bumiraya Sdn. Bhd. (Pearl Ocean) at Sungai Nibong, Penang. It is strategically located near Gerbang Bukit Kecil 2, adjacent to Kristal Court Townhouse and Kristal Villa.
The proposed development comprises single block of 44-storey condominium, offering 273 residential units with built-up area ranging from 860 sq.ft. onwards. There will be 8 units per floor.
Property Project : Novus
Location : Sungai Nibong, Penang
Property Type : Condominium
Total Units: 273
Built-up Area: 860 sq.ft. onwards
Indicative Price: RM530,000 onwards
Developer : Prisma Bumiraya Sdn. Bhd. (Pearl Ocean)
Register your interest here
Location Map:
Showroom?
RM530k for 860 sqf = RM616 per sqft….. wow dam expensive in view of recent economic downturn.
now the focus is at Batu Kawan ready…no more in island.
As usual all the smaller unit taken up before launching. Now left with 1150 sqft and the price before all these non-sense rebate is starting from 730k onwards.
the master bedroom is kinda small .. the other 2 bedrooms are big though ..
Any history about this Prisma Bumiraya Sdn. Bhd?? Any history project??
You may search for Reka Indah (http://www.rid.com.my). Prisma Bumiraya Sdn. Bhd. is a subsidiary company of RID.
Formerly known as Reka indah, right? Projects involved are Boulevard condo, orchard Ville and etc. you may check with their sales person.
Yes, Reka Indah (RID). Prisma Bumiraya Sdn. Bhd. is a subsidiary company of RID.
Meridien condo nearby also build by Reka Indah
Sold Out in 2 weeks !!
So fast sold out already??
Pls do not buy property from this developer who is actually Reka Indah. They delay the completion of Orchard Ville for many months and decided not to pay any compensation to the buyer. Now they are changing the company name by hoping others do not know. And the actual build up of the condo is totally different from the brochure. The developer reputation is bad and the building after completion looks so ugly. So dissapointed and regret buying from them
Please see for yourself how bad is this developer. Please ask the previous project owner at Orchard Ville. Definitely you will regret if u buy from them like all those who bought Orchard Ville. I am one of the Orchard Ville owner.
https://m.facebook.com/story.php?story_fbid=733758970133161&id=267822240025513
Is this developer good? I read some bad comments on this developer, including bad selling management, and completion delay of Orchard Ville as mentioned by @Previous buyer.
@Yee
Hi Yee, may I know how bad their selling management is? I’m interested in knowing more about this developer. Thanks.
@Joe
According to an agent, developer set 2 private launches, one before cny and another after cny but somehow they made them earlier as scheduled. Most units were taken by agents instead of open to public. Official launch and show unit are said to be launched after cny but so far make no progress. The private launches revealed very limited details on this project too
This Novus project will become landmark and best projects at Sg Nibong and Bayan Baru (exclude Bayan Mutiara / Queensbay Area). The facade is very modern and the location is just next to famous school and future LRT station. No reason for it not to appreciate more !!
Oopp …. it almost sold out (left 5 units) at lower floor only.
Imagine sell a RM620 psf, still can sold out 95% in 2 weeks time. Think developer will like lunch Phase2.
I am lucky booked a unit at Unit#1 high floor.
Did developer increase selling price ?
Since it so laku, can i sell it now with RM50K profit?
Why lower units not as hot?
@kim, because the lower floors is same level as the car park (level 1 to 9)
strategic location indeed. what about this developer? nice? nvr heard about it. no higher level unit left?
where to see floor plan? their website not showing
No need to see already. 95% sold out !!
I got a unit too. Level 26 facing both Bridge. I am glad this tower will not block by any high rise and can enjoy seaview.
@Queenie
still got 5%
When is the official launch for this project?
I book a lower floor small units but dont know the view will blocked by other building or not
Have any buyers started to apply home loan? Which bank is better for the home loan as of now?
Maybank started to call me, asking to help me to assess if I can get loan for this projects.
I have book Unit#1 high floor, almost Rm700K after rebate all. But was think whether Novus is really good or not.
Elit Heights Rm600K (LRT station just 2 min walk to Giant)
Arena Rm700K (LRT station just 2 min walk to sPICE)
1-Sky Rm650K (LRT station just 5 min walk to sPICE)
And many more project now offering very reasonable price.
Novus Rm700K (LRT station need 5 min walk to Sg Nibong station)
Can anyone can give me advice ?
Just come across, a few unit at Sg Ara Senzo, 2300sf only Rm740K. Lower Floor. Vert spacious.
One thing you should keep in mind is the maintenance fee which is related to condo size. Let’s say rm0.20 per square feet maintenance fee, you are paying 2300 x 0.20 = rm 460 per month for it…
Unlike landed house, for condo, bigger size always come with ‘higher’ fee.
So, Any one can give me idea and suggestion?
How about D’Piazza condo? RM600k +/-, residential title (cheaper assestment fee Rm300 yearly. Those Elit/1-Sky/Arena cost you 1.5k-2k yearly due to commercial title), 2 min walkable to SPICE & LRT & Sunshine Supermarket. Freehold (1-Sky is leasehold).
@KellySweetie
It depends on your primary factor in choosing properties.
Let us firstly filter out LRT, as its progression is not really promising due to the budget issue by our state government.
Factor winners:
1. Convenience – Elite Heights
2. Environment – Novus
3. Space – Senzo
4. Density – Novus
Commercial: Elite Heights, 1-Sky, Arena
Residential: Novus, Senzo
Personally won’t choose D’Piazza due to its lousy developer (X-Scan) and 1-Sky due to leasehold title.
Good analysis
Does any buyer know that the two carparks are allocated side-by-side or front-and-back?
yea, i’m also wondering about the carpark allocation…
I booked 27th floor high unit, more than RM700K. Maybank called me 2 days ago and my loan was approved. Happy with its low density (273 units) and nice views (no view block since the lands in front of it are fully occupied with landed houses). By the way, my concern is the developer – RID’s workmanship and accountability. This developer had their previous project Orchard Ville delayed. Any comment on its workmanship and accountability?
I am The Novus buyer as well. The developer lawyer sent me a letter regards the approval of the end financiers of this project was supported by 7 bankers. This is the good news, because newly the bankers only support the good project. Without the bridging loan, this project wont keep off.
Developer claiming can sign SPA yet the APDL still uncertain? How about other buyer, are your sign the SPA?
@Novus Buyer
May I ask, what is your occupation?
I’m property investor as well retired person which previously works with property development company as well.
Hi,
I heard that Prisma Bumiraya Sdn. bhd is no longer under RID.
It was still marketed as RID project.
Has anyone verified this?
Hi,
I heard that Prisma Bumiraya Sdn. bhd is no longer under RID.
Novus was still marketed as RID project.
Has anyone verified this?
@Novus Buyer
Oh….I knew it must be something to do with property, but my guess was either a bricklayer or plumber.
@Novus Buyer
APDL is still pending. only for signing. the SPA is only effective after APDL.
Is this a good news, for the buyers?
@Reen
If not for stamping what is the purpose signing SPA? Furthermore we need to paid the balance to implement the signing. So, if the ADPL only obtained few months later………meaning we paid the fist 10% by obtained nothing…….even the SPA cant stamp
Any ideal???
General information for the Novus Residences :-
Phase 1A
1 Block of 34-storey (273 units) Condominium
1 Block of 10-storey Car Park
Phase 1B
1 Block of 40-storey (96 units) Condominium
1 Block of 3-storey Car Park
ON LOT 1619 DAN 1620, GERBANG BUKIT KECIL 2, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG.
@Novus Buyer
I called the lawyer. The lawyer even said that the developer is not obliged to state the unit measurements in S&P.
In that case, the S&P might not contain much info but clauses that benefit the developer only.
@JJ
Then what for in the hurry to sign the SPA? I just check the OSC online portal, the developer submitted via 2 phases for this development.
Phase 1A :-
1 Block of 34-storey (273 units) Condominium
1 Block of 10-storey Car Park
Phase 1B:-
1 Block of 40-storey (96 units) Condominium
1 Block of 3-storey Car Park
ON LOT 1619 DAN 1620, GERBANG BUKIT KECIL 2, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG.
The building plans just approved, is still a long way to obtained the APDL………SiFUS……COB submission and APDL……
Hi Reen, I am 5 floor higher than yours. Unit#1. What about u? I am looking for load also. So far what is the BL rate note and the overall Rate is how much now? Thx? 4.25% consider good or not?
Hi good day.
I am buyer as well for smaller unit. Here my comment:
If u think SnP not clear, can ask lawyer to change and add points. As long as developer agreed to chg. So if u need to add or change anything, talk to developer. (Their panel lawyer told me).
Panel lawyer told me expected SnP may be Mid-End of April.
I also request i want to talk a look on the draft of the SnP before sign. I do not agree the draft, and developer refuse to add or change, i still can withdraw my booking fee fully.
Rgd RID, this project is market under new brand Pearl Ocean (subsidary of Prisman Bumiraya, formally know as RID). RID is going to close down, 1 boss retired and 1 boss go with Prisma Bumiraya. RID delay on Orchard Ville but no need to pay compensation, but High court recentlky rule that minister Ahmad Dahlan have not right to approve the project delay, this may result in RID or Prisma Bumiraya heavily pay the compensation. To you all, do you think they will use Novus money to cover Orchard Ville compensation? I am not sure?
That all.
I am considering to cancel and would like to wait until last minutes.
i-Sky offer 700K 1450 sf (i-Sky is sky bunglow design)
Novus offer 800K 1155 sf (apartment design)
Do you do analysis why i-sky is selling cheaper?
@Novus Buyer
“Then what for in the hurry to sign the SPA?” – That’s what I am thinking also
@NovusAnalyst
@Reen
@KellySweetie
Hi all,
As of early last week, no contractor is appointed yet by Pearl Ocean.
If this is the case, it seems that S&P signing is not justified.
RID it self is contractor laa …. Bro.
Experience buyer like me will surely know the answer. You dont know?
I just checked the OSC online portal the information as below :-
Agensi : Majlis Bandaraya Pulau Pinang, P.Pinang
No. Rujukan Projek : MBPP/OSC/KT1390/17(LB)/100588-2
Nama Projek : PERMOHONAN PELAN KERJA TANAH BAGI CADANGAN UNTUK MENDIRIKAN:
A) FASA 1A – 1 BLOK PANGSAPURI 44 TINGKAT YANG MENGANDUNGI: I. 34 TINGKAT PANGSAPURI (273 UNIT) II. 10 TINGKAT TEMPAT LETAK KENDERAAN DENGAN KEMUDAHAN MASYARAKAT
B) FASA 1B – 1 BLOK PANGSAPURI 43 TINGKAT YANG MENGANDUNGI: I. 40 TINGKAT PANGSAPURI (96 UNIT) II. 3 TINGKAT TEMPAT LETAK KENDERAAN DENGAN KEMUDAHAN MASYARAKAT DI ATAS LOT 1619 DAN 1620, GERBANG BUKIT KECIL 2, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG UNTUK TETUAN PRISMA BUMIRAYA SDN. BHD.
Untuk Tetuan : PRISMA BUMIRAYA SDN. BHD.
As to-date :-
Status Permohonan : P – PROSES
Untuk Tetuan (Pemohon) : PRISMA BUMIRAYA SDN. BHD.
Jenis Permohonan : A15 – Pelan Kerja Tanah
Tarikh Terima Permohonan : 11-Jan-2017
So, meaning the earthwork plan still not yet approve by MBPP, therefore there is not possible any construction activities in the near future
@NovusAnalyst
This is what I thought also until Pearl Ocean office says that they are tendering the project
I just informed by agent that Prisma Bumiraya wants all buyers to pre-sign the SPA before 19 Apr or else the booking is considered cancelled. I wonder why so rush. They may still need some months to get the permit
4.25% is quite low now. I was offered by Maybank for this interest too. Some banks go up to 4.35%. The interest doesn’t bother me much. I am worrying about the delay of previous project orchard would subsequently affect this project
Ok – at least a few are thinking that things are being rushed. The agent keep saying it is “developer’s procedure”
I would go through the SPA thoroughly and if found it is unclear as mentioned by NovusAnalyst, I wouldn’t sign it. Pretty worry with the delay orchard which my affect this project as you worry too, JJ
public islamic offer rate 4.1
Hi good day to all,
I spoken to they lawyer (who called me), i insisted i will only sign when they obtain ADPL permit. I sound on her that I am stake holder and and Pre-Sign SnP is unlawful and i warn her as lawyer, pls do not do un-lawful thing. Else, i will get evident n complain to Bar Council.
Immediately she softer her tone and back off.
Any Pre-Sign SnP is unlawful and i warn her as lawyer, pls do not do un-lawful thing. Else, i will get evident n complain to Bar Council.
@Lim
Hi, may I know which branch of Public Bank got offer this rate -> 4.1%?
It is wrong to ask buyer to pre-sign SnP. Unlawful.
@JJ
Agent contacted you for hurry up sign the S&P ?
APDL permit have not obtain yet, pls do not sign anything.
Have to sign before 19 Apr or else developer will assume cancellation and release to other customers who are queuing. Am going to sign the spa tomorrow, if the agreement is relevant
Reen, please update us after you sign SPA. Would like to know more about it. Thanks
Why u follow their unlawful procedure? Kiasu?
Pls dont sign, they cannot do anything to u.
@Novus Buyer
butterworth branch
@Buyer
The lawyer called my hubby to sign the SnP also, what if they really cancel our booking if we didnt sign?
Is not about kiasu, plz. U may lost what you love to have. The spa will only be stamped and effective after the apdl. U won’t lost anything signing. U can get a draft of spa from the developer before signing. But I mention again, it is DRAFT.
Oh ya, have to pay 7% down payment upon signing, which means u lost interest while getting nothing from the developer till they stamp after apdl approval
@Reen
Just to confirm.. is 3% or 7% for the down payment which we have to pay upon signing?
Very funny here as if Penang has got no more properties to buy or this project is selling at huge discount where you all are rushing to sign so called SPA’s which are even not approved yet. And also paying 10% upfront too.
Really need to ROTFL.
Ops, sorry, is 3% to be paid upon signing, onother 7% pay by developer. Developer informed that they expect to get apdl in Apr or may. But to what extent this is reliable, no one knows. I think the only thing we lost if sign early is the 3% payment interest. We could have FD interest for a period of time.
@mountain fish
1. This property project will be built at a strategic location:
– easy of access to highways/bridges
– short time take to work at factories
– send kids to school
– restaurants/convenience shops around
– quick drive to Queensbay
– surroundings with landed houses in harmony
– low density
– unblocked seaview
That’s what buyers love and many of them are willing to sign SPA asap to secure it.
2. Have you tried to understand the info/package of this project? If yes, you wouldn’t say paying 10% upfront and show your sour grapes.
At the end, you’re funny.
Frankly to all the serious Novus buyer. I not signing SPA until this project obtained APDL, as many of you mentioned this is the unlawful step and against the HDA procedure.
I just did the OSC onlie checking regard this project, the building plan just approved on Mar-17, hence there still long process to obtained the APDL.
Signing SPA must indicate the allocation car park and all accessories parcel in detail, mean at least the SiFUS must approved, or else whatever has been told by the developer maybe not accurate unless they have SiFUS.
My opinion, as the developer point of view. They scare we are not genuine buyer, thats why their in the rushing to asked us sign the draft SPA. Dont forget, any signing SPA without stamping which party still have a right to call off……..untill the SPA had stamp
@Reen
You get peace of mind securing the units early and as you said correctly you only part with 3%. How much in FD interest could you get from a few months? would you rather earn this small amount of FD interest than risk losing the property you want to buy?
@Lim
Hi Lim..Can pm me the banker contact? My email is wayz223@gmail.com.
@Wayz
Email u d
Roger Rabbit, it is up 2 ur choice. If u think that 4% FD interest is much enough than what u can get from the property investment, go ahead with that and have ur unit cancelled la
Lim, I called public bank and found out that 4.1% is only for the first month. Could u verify with us?
Sorry, ***1st year
@Reen
Just confirmed with Public Bank Relau branch.
4.1% for the 1st year
4.22~4.27% for the 2nd year
Correction:
4.22~4.27% for the 2nd year onwards.
@Jim
i go and confirm again.
sorry to mislead all of u. i jus confirmed with the banker, the loan rate for first year 4.1, following years 4.22
The lawyer told me will cancelled me if i dont pre-sign the SnP, i piss off and sound to the lawyer, i warn them if they dare to cancel me i will complain and show prove to Bar Council, and his voice 100% turn and follow me direction. He agreed on my insist, only sign SnP after ADPL approved.
I also laugh at them, are u Pasar Malam or Kampung Lawyer, how can mislead all buyer like this. Last time Penang buyer kiasu (due to hot market). Today, Hahaha, cash in King. You make the call.
Reen, your are too rush and worry.
When i warn the lawyer will complain them if the threaten me to Pre-Sign the SNP, I will complain to Bar Council. He scare and 100% follow me
I agreed with you and I will talk the same thing to the lawyer
Anyone go for AffinBank? I noticed AffinBank have a benefit (Sharing Risk-No need to pay if the project abandon).
The disadvantage of AffinBank is the BR is 4.34% to 4.37%.
fyi, it is quite noisy whenever there is a aeroplane over the sky. for those high floor unit, think properly.
I dont think so is a issue. Usually the aeroplane route is not permitted to built any high rise building and there is a total building high control. Therefore aeroplane will on very high sky and is it still an issue? Other, please advise
@sri nibong
It is near to airport. Planes fly low during landing and departure. You can’t avoid the noise.
Everyday can see Airplane.
This place is goodlah. just i can’t afford the price.
but may be the entrance have to enter through
the terrace house side land ?
There is a Novus Residences FB friends page, if you interested search over your FB (Novus Residences)
@Buyer
Agreed on SnP signing after APDL, but buyers have signed the booking form which states the 28 days period.
So, how is it?
@brian
Yup….
Also got a reminder (or rather “warning”) letter from the lawyer that letter of offer is not received or risk cancellation by 19 April.
I am annoyed by how the lawyer presents itself here – SnP pre-signing is unlawful but yet they hurry up buyers to do it and being entirely on the developer’s side
i think its fair that one should give up their unit if they are not prepared to sign the SPA although APDL has not been issued.
If you want to wait until APDL then you should insist that your booking fee be returned and forgo the unit you want and select your unit again when you are ready to sign the SPA. Im sure the developer is ready to return the booking fee.
It is unfair to keep the developer waiting as they too are not sure if you will forgo your unit after the APDL is obtained. Opportunity cost would have been lost.
Any contract or agreement if signed under depression or any pressure, will consider unlawful. I dare lawyer dare to force us to do so. Bar Council is the place to complain.
That in not fairness issue here, it is just buyer like us want to excise our right. And also we do not continue to support any act like pre-sign SnP.
@Robin Hood
No worry. The developer is clever than us and will know what to do with them. Those interested and not able to secure any unit thus far, please do contact more often with the developer. You will sure get one soon, for sure.
I have warn the lawyer, if they cancel me, i will complaint to Bar.
What is the price psf after all the rebate?
Queens residence after rebate is around Rm850psf but with direct seaview etc.
Yup if we follow and accept such a trend for this developer of signing pre-snp, believe soon all will follow since we cant accept one why no accept all…
Queens Phase 2 is RM1000 psf now. Direct sea view unit.
Everything looks fine etc etc etc but the thing that’s not fine is the unlawfull act of signing so called pre SPA.
Paying a booking fee to secure is acceptable. Do you see those top 10 developers commit such acts of pre signing ??? Does the HDA act allow such transactions. No need to ask also know it’s unlawful to do so.
I think there are a lot of desperate housing agents or developer’s staff active in this forum.
@Ken
It is an issue of fairness. You want to lock your unit but refuse to sign the spa? where’s the fairness in that? if its because of the APDL, then dont sign (nobody is forcing you to and you have the right not to proceed) . Take back your booking fee, be prepared to forgo your unit and come back when you’re ready but dont complain if you have lost your unit to someone else who is prepared to take the risk. You can hold on to your buyers rights or whatever but you have got to be fair too. You cant have your cake and eat it at the same time.
@Ken
Dont sign if you are not ready and dont even pay the booking fee since there is no APDL. Its just as simple as that. If I was the developer dealing with you I would return your deposit immediately and cancel the sale. There will be many others who are waiting to buy your unit.
@Robin Hood
Don’t waste your time arguing here. If you are interested, please call the developer now to reserve for you and again on 19 Apr. I am sure you will get your unit then.
@gg
Its not about arguing or whether I am interested in buying a unit or not, its to show how unreasonable some of you are. For the record , I am not buying any property from this project. You can go on whinging and whining about your rights etc. Go ahead and exercise them but at the same time be prepared to take the risk that you will lose your property. If you choose to book a property without APDL then face the consequences that follow, if you are not prepared then follow the law but dont issue threats blah blah blah, when you have consciously chosen to book the property without an APDL in the first place.
Either his is from Developer or Buyer.
We are just maximize our stake holder or purchaser right. Nothing wrong.
This is the risk that developer need to take.
Pls do not protect developer until people think u are developer proxy in this forum.
Too obvious already
Any comment that advantage to buyer, is good to share here. Buyer should command the market now (buyer market) and do not let developer control the price and pass the risk to us.
Surely Orchard Ville will be a risk for Novus. The high court have sentence Minister mis-used power to prolong the delay of VP date for this project. From where the money to pay Orchard Ville buyer, from Novus buyer money ?
It’s more about whether it is the correct procedures or not in dealing with such transactions.
The final decision rests on the prospective buyers in whichever decision they want to choose.
1) Go ahead to pre sign the SPA knowing it is unlawful to do so or
2) Wait till the actual SPA can be prepared.
Just the onus here is whether the situation is so desperate that such tactics of intimidation by the seller is required as mentioned by some of the prospective buyers here.
Ministry are appealing and may need longer time to finalize. OrchardVille owner are waiting for the final appeal result before launching sue and claim huge among from developer RID (PearlOcean). Worry of half way Novus constructing, and suddenly need to face huge claim from orchardville owner, it definitely will be on the expense of Novus cost and quality.
Too bad.
As a buyer or investor point of view. Developer must expedite the application of the APDL rather to force us for signing any pre-SPA. Pre-signed SPA is unlawful, once anyone lodge the complaint regards this to BAR council or KPKT, then this project sure under investigation and will effected the APDL. This is I call loose-loose situation.
Think about the win-win situation, for those genuine buyer can go to apply loan now. Let the banker inform the Developer upon applicator loan approved. Developer concern only worry those booked buyer cannot get the bank loan. As a genuine buyer, once the APDL ready, we will sign the SPA without any doubt.
There is a FB page for Novus Residences. You can get more information regards this project over that FB page. Creator claiming is the Novus buyer
Yeah, Hopefully they don used novus as a cutting cost platform in order to save the cost….especially the the building design…. you only get 50% as per delivered
Just a series of events that leads to today:
-Project marketed to be under RID before CNY
-Showroom in Pearl Ocean office after CNY
-Called RID;said project is not under them (So, the is the project presentation before CNY a pure mistake or otherwise?)
-Called Pearl Ocean early March; said Novus is being tendered out and no contractor is appointed yet (not sure now)
-Called panel lawyer to enquire on Orchardville; said was due to TNB commissioning.
Conversation leads to Novus – developer might put longer completion period to avoid LAD again and also not obliged to state unit measurements in SnP (what’s this??)
-Court’s ruling on Orchardville favours buyers; a concern that Novus might be compromised
@brian
Bro have you awaken from your slumber? this trend of signing spa pre-APDL is going on with most developers lah!
@Auntie Lim
Please do not assume. I have never worked for any developer. I am also a consumer in the market. I am only stating my view which i feel is fair. You guys are really funny, the moment someone takes a stand that doesnt sound like music to your ears then he/she must be from the developer. Be more mature in your reasoning please.
@Auntie Lim
Very amusing comments and conclusions you have made. I hope you are not a university graduate or a professional. The dean of your Uni will be embarassed reading your comments . If you see so many shadows dont buy lah ! why make silly assumptions and conclusions without evidence? The message im trying to send here is there are many people willing to take risks lah. your loss is their gain. choice is yours.
@mountain fish
If indeed intimidation was used then its wrong. But why should you be intimidated? If not preparedand scared of the developer..DONT BUY LAH ! Why place a booking fee for a property which has no APDL in the first place? Your loss is another’s gain. Thats all.
Ask yourselves this simple question. why is the trend of signing pre-APDL going on with many developers? If no one is signing im sure the practice would stop. But why??? Thats because the majority of people dont think like you bunch of narrow minded nuts who are seeing shadows everywhere.
Did anyone ask lawyer if they can add detail info into s&p, for example the layout size. If the built up is not the same, buyer has the right to cancel & developer to refund
@Robin Hood
Maybe your reading & interpretaion skills are a bit out. Let me rephrase in more simpler terms.
1) I am not intimidated at all. I have no idea whereby I stated that I was.
2) I am not a Buyer either. Never mentioned too.
3) I also never paid any booking fee. No idea where it was stated that I did so.
I have zero loss here & would be very pleased if others can gain. It’s good that all buyers gain for the Penang market. And specifically I dont need any gains from here either. I have more than enough. No need for me to be kiasu or kiasi.
For What i know is, developer can’t sell the property without
APDL. Now ask buyer to sign the preAPDL S&P?
Jayden dun need to ask lawyer to add anythinglah. This S&P is legal or
illegal also dun know.
and why developer so keen ask buyer to sign S&P ?? the sales bo la ku meh??
I’m waiting for people who are willing to let go of their booked 862 sqft units…
The pre-sign SPA habit has been practicing by many developers for many years, including in KL. It is just a pile of useless papers without stamping. If you think reject the signing can change this nationwide habit while have your unit secured, then too ignorant i would say. The are plenty of interested buyers queueing with their cheques ready. As long as the terms in SPA are relevant and all schedules are included, it is safe to sign. The RM5000 booking fee is with the lawyer firm. U still have it refunded if perbandaran disapproves the APDL. U lost nothing. Well, maybe your time.
And guys, don’t be too short sighted!! The major concern about this project isn’t signing the SPA prior to APDL, but the compensation of Orchad Ville. If the developer was to pay, you should worry this huge payment would subsequently compromise this project.
But this developer has many ongoing projects, including the new launched Quinton in Balik Pulau. Their previous projects like Boulevard and Maven are good. I believe their delay on Orchad Ville isn’t due to financial issue, but its theme “orchard”. RID is the very first developer in Penang who dares to introduce such concept in Penang. This project is too huge, with 12 acres. Financially it should be strong enough.
Plz look at bigger picture. Stop arguing the matter of signing or not signing. The pen is in your hand, no one points the gun on your head. Plz put your very concern at the right aspect of issue, analyze critically.
These are what I had analyzed, hope these would give u some opinions.
@Reen
Hi Reen, thanks for the input.
How sure is it that Pearl Ocean (or Prisma Bumiraya) is still associated with RID?
Pearl Ocean has said that they have broken away from RID
@Reen
I fully agree with your analysis. I would be happy if anyone is to not sign it because I am very sure the unit will be made available to others that include me, if I decided to call the developer as waiting list.
@JJ
Very sorry JJ. I have no idea on this questions but it is good to find out though. Actually I had read thru’ the real SPA, all schedules, including project location, unit layout and size, car park allocation are all clearly stated in the SPA. There is also a supplementary doc which includes the RM22000 and RM8888 cashback. All are clearly stated actually.
And I would like to rectify that I am here not to influence u guys sign nor reject the SPA, but share what what I had been go thru’ so far so that we, maybe neighbours in the future can get a clearer pictures, any concern or issues about this project.
By the way, I havent sign, waiting for the deadline
And guys, anyone is free to give their opinion at this site. We do not know who are the real buyers and others so called “spy” who influence our decision. U hold the pen. Do think thoroughly, analyze all aspects and look at bigger pictures. Thanks
Ken, still have few units of Phase 1 left. Thats why i am wondering why people buy this instead of Queens residence?
@Ken
@Reen
Finally a very sensible view . Couldnt have put it better
A very interesting discussion we have going. Good good. I think Robin Hood tried to provide some advice but maybe it didnt come out so well and perceived as siding with the developer. The moral here is looking at the bigger picture. Im going to place my booking for a unit soon and sign the spa ASAP.
Signing Pre-SPA for uncertain and can the developer advise how long the VP upon signing? 3 years from the date of signing……for sure this so call Pre-SPA will keep dunno for how long for stamping. Since the major motive of the developer only want to know who is the genuine buyer, why the developer still cannot satisfy if the so call keen buyer with the loan approve. My very humble opinion
@Novus Buyer
which unit did you buy?
@JJ
I did some checks and found out that the management and the MD running the show are the same people who were at RID running the show. Hope this answers your question. But why should are you so concerned ? I am more comfortable that the same people are running the show because they have proven track record and wont fail me
This is very simple to decide:
Trust the developer – sign SPA
Don’t trust the developer – get your booking fee refund
That’s all. 2 cents.
They collected my booking fees and my housing loan had approved. Without APDL, I not going to sign the pre-SPA. If developer dare to cancel my booking, I will lodge my complaint to BAR and KPKT. This is my right as a purchaser.
@Wah Seng
The completion date of Orchard is due and the developer applied extension from the ministry. The buyers are now taking legal action for the compensation. If the court orders RID to pay the compensation, we afraid this would affect Novus project.
Approved already? Just checked the osc online portal..
Status Permohonan :
L – LULUS
Agensi :
Majlis Bandaraya Pulau Pinang – P.Pinang
Kategori Projek :
A – Projek Biasa
Jenis Pemajuan :
A – Perumahan
No. Fail Rujukan Permohonan :
MBPP/OSC/KT1390/17(LB)/100588-2
Tajuk Permohonan :
PERMOHONAN PELAN KERJA TANAH BAGI CADANGAN UNTUK MENDIRIKAN:
A) FASA 1A – 1 BLOK PANGSAPURI 44 TINGKAT YANG MENGANDUNGI: I. 34 TINGKAT PANGSAPURI (273 UNIT) II. 10 TINGKAT TEMPAT LETAK KENDERAAN DENGAN KEMUDAHAN MASYARAKAT
B) FASA 1B – 1 BLOK PANGSAPURI 43 TINGKAT YANG MENGANDUNGI: I. 40 TINGKAT PANGSAPURI (96 UNIT) II. 3 TINGKAT TEMPAT LETAK KENDERAAN DENGAN KEMUDAHAN MASYARAKAT
DI ATAS LOT 1619 DAN 1620, GERBANG BUKIT KECIL 2, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG
UNTUK TETUAN PRISMA BUMIRAYA SDN. BHD.
Untuk Tetuan (Pemohon) :
PRISMA BUMIRAYA SDN. BHD.
Jenis Permohonan :
A15 – Pelan Kerja Tanah
Tarikh Terima Permohonan :
11-Jan-2017
@Reen
Dont worry too much. I have a strong feeling the developer will offer a compensation package . developers know too well that they will not win if they go to court. It makes sense to settle matters amicably. If they offer a compensation package it would mean that they are sure of their cash flow.
@Interested
Yeah you are absolutely correct. That is the long and short of it but I guess every one has a different method of expressing opinion
This project application has been approved on OSC online portal?
Let’s stop arguing APDL and pre-sign, shall we? The biggest concern isn’t APDL, but to what extend is the developer creditable. So what if u have APDL approved on time but lastly receive a defective or abandoned unit??? Do evaluate the seriousness of these 2 factors…
Orchard buyers are now agreed to take legal action against RID for compensation of delay. I am not sure how they calculate the compensation per unit but as I know, it involves a huge amount of money. I am very worry that the compensation would compromise Novus project. This should be our major concern.
What are your thoughts, folks? Plz share it.
@Reen
Compensation is calulated at 10% per annum on the balance purchase price until VP is delivered. if you have any information on the number of days late and the number of units involved you will be able to get a rough estimate. It may run into millions.
For me whether or not the compensation package will affect the Novus project is something that you shouldnt even worry as it is something out of your control. So what if they have to pay compensation? Are you going to conclude that they have no money to complete Novus? How do know they dont have the money? Its anyone’s guess.
Why dont you think positive instead since you have already booked a unit? Back to what someone stated earlier, if you dont trust the developer then dont proceed.
Aiyoh Reen, you are very negative lah! I thought you were very sensible in your comments on the APDL. No use worrying over whether they can complete Novus or not lah! dont waste time cos they will not show you their bank account !
i heard there is phase 2 just opposite the novus. Will it block the the seaview side?
@Novus Buyer
It is noisy when the plane fly over. And it is quite frequent. You can go and survey the site.
Besides, i do see there is another project near petrol station at sg nibong. Anyone here has info?
Every factor counted and considered. Undoubted that some are out of our control, but it is worth to take into consideration. It is not a RM100 toy.
200 units filled for compensation as what i know.
It is good to list down the pro and con. Thereafter, must make decision to proceed or not. If still have doubts, better back off.
Very fishy for a developer to threaten buyers who refuse to pre-sign SnP. Are they here for long term?
Hi all, good day.
I read FB forum, i think i will not pre-sign the SnP until they obtained ADPL permit.
This is clear cut unlawful act. Pre-sign mean u are given a blank check. Pls alert this
They’re going to obtain APDL for this project. Application for Borang Rekod Pelan Kejuruteraan (PJ) is now showed PASS.
Well there are so many choices of condo within few km. but I had to admit the is super strategic location…..but hey, why don’t consider the landed properties there?
Isn’t that make more sense for long term capital gain and no maintenance fees. At RM1M onwards there are plenty of choices of sub-sale DST terrace.
I felt annoyed people are keep complaining and there are long threads of fruitless discussion, while you have other options available.
May be I am too conventional or am I confused with the fundamentals of properties owning…..that came from land ownership especially if the land is very strategic.
Please enlighten me.
One thing i observe over the years which never change. Those cheaper property usually a lot of noises from buyer, maybe because a lot pf engineers. Those super condos etc, you will not see so much noise or concern. No wonder FTZ workers remain workers all these years
This is from the REHDA website http://rehda.com/new-apdl-requirement/
“New APDL Requirement
The Ministry of Urban Wellbeing, Housing and Local Government has imposed a new condition on the Advertisement and Sale Permit under Regulation 5 (4) of Housing Development (Control and Licensing) Regulations 1989 which requires developers who sell more than four units of houses to an individual/company to register the purchaser with the Housing Controller within 14 days from the date the Sale and Purchase Agreement (SPA) is signed. The imposition is effective from 16 May 2014.”
@Reen
No one can address the issue of how the devloper is going to deal with the Orchard delay accurately here. So why even consider this an issue? The answers you will get will most likely discourage you from buying. They will all be guesses and conjectures. Are you going to base your decision on such things ah? Can we discuss more constructive issue pls instead of complaining over issues that no one can resolve.
@JT
Have to agree with you on this. LOL.
@Wf
Yeah correct complaining over small issues without seeing the bigger picture. Wanna buy property but make noise here.
Spoken to The Chambers of Chong and You. For those no apply loan or loan rejected, the booking will cancel automatically after 19-04-17. I think fair enough, then the open unit will sure increase the pricing……….For those genuine buyer, sure apply loan without any hesitation
Not complaining la dudes, don’t be so short sighted! Is discussing some issues which may arise. Analyze thoroughly and see it as a whole. We are all here to see every aspect from different perspectives, get to know any update and progress, or else what’s the point be here?
latest update: It seems that route to APDL is getting nearer. From today onwards, any loan rejected or canceled unit will be released and prices are revised. Congrats to those who have their units in hand
Rm8,888 no more, now is Rm3,999. Unit price will up? I am not sure
Yes, Pear Ocean had road show at QB, the price already increase and 10 units only remaining
I heard got 3 car parks?
Yes, 3 car parks and price increase 30k
I heard got 3 car parks?
@Novus Buyer
Plus minus, it is like spending rm30 to buy an extra car park
In overall early bird buyers have the advantage. If early bird buyers would like to purchase an extra car park, just spend 22k~28k.
@Hello
Yes, i purchased the 3rd carpark at 22k. Anyone bought 3rd carpark too?
anyone already got your loan approved can share your interest rate?
**especially owners of 860sqft unit**
the best offer i got is 4.30%, anyone get better than 4.30% can share more tips or info?
@Kuek
Public Bank offers 4.22~4.27%.
But need to buy their MRTA in order to get this package.
hello all, i m interest in this project, may i know all their so call 12% rebate, cash rebate RM3888 and the 4 stage cash rebate for the interest, will they gv black and white to us, either in S&P or after gv booking fee?Coz all this attractive package now talk only, ant black and white to safeguard us?
any black and white to safeguard us?
@Hello
That’s the problem of Public Bank, I don’t want to take their offer because of the compulsory MRTA. U accepted Public Bank?
Agreed
@Novus Buyer
quite wirth it actually cos nowadays standard units dont even come with 2 car parks d. Can see it as paying 30 for 2 car parks meaning 15k each
AffinBank offer BLR 4.34% flexi loan. Most attractive is the “Sharing No Risk, No need to pay if the project abandon) and no lock in period for early settlement.
Good news is this project still very popular in the current market now
i got 4.25% from MayBank
@Kuek
I haven’t accepted it yet. Currently considering other banks such as Maybank (4.35% avg, semi-flexi) and AffinBank. MRTA is a trouble for me to get into lower interest rates, as i have home insurance from Great Eastern currently.
Hi @Wendy
May I know which Maybank branch you’re able to obtain 4.25%?
Thanks.
@Novus Buyer
The location is good. Im considering getting a unit there
HQ
Thanks @Wendy .
Btw do any buyers here already know your allocated carparks at which floor, even though you haven’t signed SPA yet?
Maybank 4.25%. The interest is depending on your MRTA too.
There are some units to be released on this coming 7 Apr. Those who are interested do keep in touch with developer or agents and have your booking fee ready
Hello all. I heard when sign the S&P, we have to sign an agreement, giving right to developer to change the outer layout? very unfair ler like this…