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:
@Knight
Tomorrow is my SPA signing day, just call Pearl Ocean to check on APDL status, reply from them is ” Status show pending approval, just waiting the letter from government.. APDL will get it anytime onward from now “
@SAO
Thanks. Good to hear that.
Hmm…Seem Zen condo is faster then us, I notice they already clear away most of the forest and they are moving in their stone and ready to do pilling….Their view is not bad also but sadly it is high density type
Zen condo 2 block total of 1930 units is super high density including 244 units affordable price, thier first lauch since last year March not really fast thought
How many of you signed the pre-SPA?
I signed and gave 5k.. Now looking for bank loan.
i think many already sign…saw at the lawyer office whole stack of sign document
70% SPA has been signed, told by lawyer
I am queuing for SPA sign.
My SPA signing appointment date is dragged until 1st week of Jun.
This is the best schedule according to developer.
I expect more buyers will sign SPA for next 2 weeks.
Hopefully by then APDL is obtained then stamping can be done right away.
Any ideal when the Novus APDL can obtain? Almost June’17
@Novus Buyer
I am also wonder why APDL not yet approve.
In April, developer told me they have confident to get APDL by early of May.
@Knight
Ya, I was informed by Pear Ocean sales personal at Apr’2017 when i place my booking. Subsequent when I singed the pre-SPA on early May’17, they said should be end of May…………No APDL till now
and the fishes goest swimming around again about the APDL
they are trying their best to get the APDL but in truth they wouldnt know the actual date and they cant tell you that they dont know. that would be disastrous for their sales LOL. Just be patient. It will come. see it positively, the faster they get APDL the faster you have to part with the 10%. There’s no hurry cos after all your unit is locked. In fact the longer they take the more advantageous it is to the purchaser..The price is locked
But i have pay the check of 10%
@Novus Buyer
APDL shall be obtained by next week as per latest info from developer.
Let’s wait and see.
I’m new to property. May I ask is Novus residences a good buy? Why?
Location very good.
Near to future LRT
Less unit only 273 units
Very easy to goreng up
not to forget the view…. there is obviously nothing infront of you
got queensbay mall lah..
every new year got fireworks show.
ha!
What are the different sizes available?
@Tyler
Sales like hot cake………..so do you believe the 200++ ppl eye sight. If yes……..just buy
Overall location is good but just some concern on flight noise
@Emily
I visited the Kystal Idaman (level 11) and Kystal Suite (level 14) both floor is the higher for this 2 high rise. Coincidence there is a aircraft flew over at that time, is not that noisy I imagined before, for me if compare to the Light Linear traffic sound I think is much better
Wait till you see Feira Vista….that would even close to airport
Thinking of buying one unit here.. Anyone know which is the pumping room? Which floor? Is the RC structure roof good? Will there be any leaking issue?
@tyler
The transfer pumping station located at level 19, closer to unit 6&7. I not sure the roof is RC floor or metal roofing. If possible my advise try to avoid the higher floor (maybe the water pressure is not so good)
Bad developer, bad project. Developer just keep “PUSING”
APDL said obtained from April, and then end of May, and guess what, is June now.
I will never go for any project by this developer. Pre-sign SPA is just a buxx-shxx, APDL if didn’t approved, developer was not allowed to do any advertisement or collect any booking. Maybe they lack of cash-flow?
A Good developer won’t have such practice, like IJM, E&O
Cons about this project
1) Narrow entrance, see it by yourself after 9pm. Roadside almost fully park by car
2) So much near to highway, dusty and noise pollution everyday
3) Better don’t go back home in between 5.30pm – 8pm. You will stuck at traffic jam infront of krystal point
4) 2 more project pending beside Novus? Owner of Novus will facing the same situation of what Melati owner facing now. Road more narrow and more high density
5) 10 Level of carparks? you serious?
6) Future LRT is the selling/buying point? NO! Maybe after 30 years
@SK Ch’ng
Got any 862 sqft unit available?
Was told is RC roof.. good? The water coming down from the water tank located at roof top. Will there b water pressure issue?
Why level 16 floor still left few unit ?
It is not so valuable?
27 units left?? Too bad.
Bad Developer? Bad Project? 90% has been sold
Pre-sign SPA buxx-shxx? almost 50% project is practicing this way.
1) Narrow entrance? maybe yes but not the worst as compare to Setia Pinnacle, Skyview, Mont Residence, and many more… roadside fully hawker and park by car
2)Pollution? ur favor IJM The Lights even worst nearer to highway and expensive
3)Jam stuck in front Krystal Point? maybe u r not Penang Lang, can always turn in Queensbay make a U-turn at roundabout drive thru the fly over turn left. Short cut no jam at all
4)IJM The Lights more project in coming future, only one road access to highway at the moment or max 2 in future as compare to Novus have 4 road access.
5)Latest update only 8 level car park not 10, majority 3 car park per unit. thumbs up
6)Agent and Developer didn’t mention anything about future LRT and yet sold 90%
90% Sold doesn’t make it a Good Developer. Paya Terubong abandoned Project last time also fully sold. I was talking the situation now and empty promises given by developer.
Friend, i think you are really funny. If you doing comparison, please compare with some Advantage/Good Things that Novus have with other project. You make me feel like “Novus have narrow road, other project also have ma! / Novus have serious noise & dust pollution, IJM The Light also have ma! ”
And you compare with IJM The Light is really big joke, IJM are owning a whole pieces of land and developing a township, and Novus just a standalone Apartment in a small pieces of land at Sungai Nibong, and IJM current project waterside residence price are almost similiar to Novus also
Pre-sign SPA before APDL obtained are not common at all. A good developer won’t have such practice. Why Novus developer are insists doing so?
Have the current buyer check with lawyer what if pre-signed SPA and we cancel the unit? Is it totally ZERO charges from lawyer & developer? I believe nobody including lawyer will do “kepo” job. There is sure an admin charges etc, can be minimum RM200 – thousand(Imagine 50% unit withdraw). But that’s ok if you feel is small amount to you, go with the risk.
One last thing is, STUDY MORE on what future development on it nearby.
This area have 4 more upcoming project including SP SETIA , and Novus developer have 1 – 2 more high rise in future also. Study on those upcoming project and you will know why Developer keep rushing buyer to pre-signed SPA to locked you in, you’ll find out other nearby project are much more attractive.
Here’s the link for references
https://www.penangpropertytalk.com/2016/10/7-upcoming-projects-at-sungai-nibong-in-2017-2018/
Project getting the approval of APDL take around 1 month time. Normally is not an issued because APDL very low rejection rate, unless the company can’t commit the deposit or other issue and they need collect more advanced booking $$ from buyer to stronger their financial account cash flow.
We have to know the risk and the worst situation we may facing.
@SAO
Well said, I support you!
Some people just act like “eat beh tiok grapes then say grapes are sour”. They’re funny. LoL!!!
All properties have Pros and Cons. It’s subject to individual buyer preference.
If you don’t like it, don’t buy. It is simple.
Friend you are funny too, Paya Terubong Majestic Height abandoned project since 1995 which is 22 years ago? do you know between this 22 years how many time government has change the rules and reduce the risk of abandoned project? Please Google seek for Dr.G for further understanding.
IJM owning a whole piece of land developing a township of course is an awesomeness, but Pearl Ocean are capable to pay 100% cash for a small piece of land to developed 3 project in Sungai Nibong don’t you feel great also? Water Residence 750k-950k (1050sqft) estimate RM720 per sqft Novus Residences 650k-750k (1155sqft) estimate RM560 per sqft. Estimate price different of 30% per sqft you say similar?
No chargers of cancellation before signing SPA and fully refund of 5k deposit, buyers are not buying groceries in wet market, mature and smart enough to make decision. why need to cancel after sign SPA? Funny
One last thing can tell you is more than 7 project coming up in this area. Novus is a landmark of Sungai Nibong as you can see how successful is Bayswater as a 1st landmark behind E-Gate before Vertiq, Platino, Pearl Regency coming up. There is no regret for such attractive project coming up in 1 or 2 years or maybe more, no ending unless u kept waiting for a your own choice.
I’m new to property but I’m not agree to compare the Novus to IJM Waterside residences. Price diff around 350-400k. I think we should compare the property with the same price range instead. For a new buyer like me, I will pick Novus rather than other projects in sungai ara/relau area which has the same price range. The location is not perfect but I think pretty convenience as it us located in the town heart. Please,advise me.
@Tyler
Will it impact by the airplane sound?
Sg nibong not consider town heart i guess….
Agree that we cannot compare Novus to IJM projects because the price is way much different. u can only buy whatever project that u think is worth to buy and within your budget. if i have that kind of budget, of cos i will look into IJM projects too.
Great…..more n more feedback from all the readers. In my humble opinion:-
1. Novus Residences (if you willing spend 600K-700K) you have a sea view condo, Water Residences in this price range u just see the swimming pool and only below 7 floor
2. If you follow Novus Residences FB friend page, there is propose 3 junction to Novus, eg from Kystal Point, Kystal Villa and Melati
3. APDL still an issue, yes. According OSC online developer almost fulfill all the plans submission for the COW. FYI this project is fall under new strata act, therefore the compliance is more
4. Price range from RM580/sft at Sg Nibong area, for me is reasonable compare to Sg Ara
5. Developer will kick on Phase 2 soon, the 282 units (smallest built-up)
6. I visited the Orchard Ville, Sg Ara. The landscape and facilities provided by this project is consider not bad
7. Out coming project surrounded this area, if you follow the proposed development by other developer, their development is either affordable housing, hotel commercial and high density
8. Developer has shifted the LMC/Affordable housing to other proposed development and is make Novus free for mixed with LMC/Affordable, this make Novus more exclusive
9. Separate building with car park tower, make the Novus compound more spacer
10. 90% sold, is another factor make this project most debut now in town
Hmm… LoL might be right about the car park on the road side…. Wonder if there is something can be done on the car that park on the roadside. i fear it would be much more worst when novus is completed as resident will understandable park outside along the road into novus making it one way road… As understand that the road will go through widening project but i think that alone is not enough
Hi
I heard level 33 have 1 unit available.
Anyone know how much ?
Informed by my realty agent, Pearl Ocean has obtained APDL for Novus. To those buyers who are not sure, please contact your agent or Pearl Ocean staffs for confirmation.
@Buyer
You are correct. I signed SPA today. Lawyer confirmed that Novus APDL approval was obtained several days ago.
Hope Pearl Ocean will make Novus to be the most desired condominium in this region !!!
What are the criteria to become the most desirable condo? They won’t build million dollar condo for you. You get what you pay for only. You make me laugh..
@Aiyoyo
Agree, You pay for what you get, Initial launch you see all those sweet deal propose facilities that are introduce to buyer, when sign SnP most of them had been removed which left on the half of what had been proposed after construction i don’t know what left (I’m sure developer will make a lot of changes during construction transition). By end of the day, it up to resident to maintain them status of the building to become desired condo.
hi guys, im not novus buyer but i went to see the show unit that day…feel like everything uncertain. floor tiles is not wooden. its 4×4 tile and not confirmed which type yet. the living room very long and narrow.. kinda weird looking.
The Novus show house tiles is homogenues tiles 2″x2″ not 4″x4″. The SnP clearly status the timber flooring only applicable to bedroom not entried floor. I believe with the Novus Residences will shine in Sg Nibong as the landmark in future.
The Novus Residences 1155sft layout is just nice and it look spacer. Now all the condominium built up from 1000 sft to 1200 sft look no much difference. With the pricing RM580/sft and located at Sg Nibong, I still preferred Novus rather than the project at Sg Ara
Hope Novus will become the landmark among all condo in Sungai Nibong.
Novus is 36-37 level height.
Any everyone who drive from the south on the elevated-highway, the 1st tallest, pretty and sexy building tower will surely to be Novus.
I really hope Pearl Ocean can really serious make this Novus as their signature project, reference to all future projects.
2019 targeted C.C.C. obtained.
Let us all buyer target to price it at 1.2 Million.
@HelloKitty
Wow, unfortunate I brought for owned stay, so for me anything just on paper cant realize.
Don’t listen the comment here by their sales stuff.
1) Landmark of Sungai Nibong? You thought your building are so special meh? Just a normal Apartment. haha don’t make me laugh.
2) Compare with S.ara / relau? I don’t know why compare with that area, you should compare with Bayan Baru / Bayan Lepas(Queensbay Area) which is nearer to Novus. If Sungai Ara, there still have few good condo better then Novus, cheaper and bigger sqft, etc: Reflection Condo, Tree Sparina, Fiera Vista, Setia Triangle.
1.2millions??? Wow.. possible??
Maybe you are one of the sales stuff and your sales are badly impact by Novus thats why you are so frustrating and negative, people are comparing with Sg.Ara Relau bcos the price are quite close and you are referring to compare with Queensbay area which is the price are 30% higher.. you are realy funny la..
Maybe you are one of the outdated property sales agent with no fashionable sense *****
I fully agreed with SAO, we compare the similar price range and the best option we have. QB now is about 850-1000 sft. Frankly speaking Novus will become landmark of Sg Nibong nobody can tell now, at least we know Kystal Point was the Sg Nibong landmark now.
Novus just stone throw distance from Kystal Point, sure in the future people will notify the taller building (Novus) just behind Kystal Point and by this logic……..I believe one day people treat this Novus another landmarking for Sg Nibong……LOL
If it is RM1.2M, then how much would be the landed properties there?
furthermore there are more condo projects to be build but new landed no more in that area, right?
Very strange in Penang here, landed house and condo price ratio is quite small.
Im not agent, but if you are comparing the price. Reflection Condo, Tree Sparina, Fiera Vista, Setia Triangle all those are 6xxk range some even cheaper per sqft compare with Novus. Not to say that the view and facilities are much more better than Novus. Check it yourself at PropertyGuru, Mudah or Iproperty website. Please la Novus agent, don’t so hard sell here la pls…
Is depend how you appreciate the high rise or landed. For security reason, high rise is the best option, definitely for the space and privacy landed is your choose.
Regard the pricing, no body can predict the highrise won’t better compare to landed. In the future I still believe high rise is the living trend in Penang, especially islan because the landed will become no more affordable
Novus is a good buy. School, lrt, work place, ammenities, reasonably priced, apa lagi mahu. Low time like now is the best time to buy.
Of course living in high rise is nice with facilities but the maintenance cost would also be on increasing. Personally i am not interested to continuously pay this cost, if i have choice la.
Anyway, provide we choose the strategic location, the basic of demand and supply would eventually determine the price regardless of landed or condo.
@Wf
Agreed
Bigger sqft cheaper price doesn’t mean what buyer needs, priorities is the location.. Sg.Ara and Sg.Nibong are different location, if you need bigger size n cheap please go to Balik Pulau there is a lot of choices for you. Nowadays smart buyer are prefer quality location rather then Big and Cheap. Dont be so condemned to Novus because of the impact of your sales la. Property Agent and good luck to you
@Wf
True, that’s the basic law of economics. Whether it’s landed, condo, or just a piece of empty 180sf car park, as long as there is demand, you will have a good price for it. I am sure you guys have read about the car park lot in Hong Kong that measures 180sf which sold for USD600k last week at a condo in prime area.
If you take HK as measurement, then it is nearly impossible to buy landed for many years already, unless very outskirt.
In Singapore it is still possible to buy landed for Singaporean in Singapore but > 15 years ago. Many friends regretted.
Well, having living in KL for years…..i have feeling QB is akin to 1Utama of Bandar Utama >10~15 years ago.
Smaller But better because more strategic and have seaview, island view and toll free to get there!
Hence Taman Sg Nibong is sort of Bandar Utama but much smaller.
I think you just imagine 10 year later in 2027, what is the landscape of this area when u step up of the condo, what are the looks of the skyline within 2km radius of Novus.
Can I still afford to buy the landed or condo then?
For me, I think the best is I have both the condo and landed la…..LoL
Sao, please look back the comment, is you comparing Novus and Sungai Ara at first because you said both price was quite close which I don’t really agree because Sungai Nibong – Sungai Ara are totally different area. Ok fine, Then I show you the statistic of pricing at Sungai Ara are actually cheaper, bigger sqft, nicer facilities compare with Novus, and funny now you said location are priority, ok lo then Queensbay area, Quaywest project not bad la.. pricing 7xxk almost same as Novus, some more got direct facing sea, QB mall opposite only.
Sungai Ara have all the matured amenities and infrastructure, and international school coming in soon. I would not say that Sungai Ara is prime area, but it location are not bad at all if compare with Sungai Nibong
Since APDL obtained, S&P can sign and stamp. Then when is this Novus will kick off? Any ideal?
Yes, im comparing Sg.Ara price is about the same that’s why im saying in term of location Sg.Nibong is a better choice, what so ever facilities are not so priorities.. you are really funny.. again u are comparing Quaywest 700k++ (760sqft) with Novus 700k++ (1155sqft) did u notice the different? Izit ur boss put too much pressure on you? Reflection condo, Tree Sparina, Fiera Vista, Setia Triangle selling slow or what?
Estimate construction work to be commenced from August, we shall wait and see.
Penang government announced they approved RM17 billion for Penang Transport Master Plan (PTMP) which includes Bayan Lepas LRT and Pan Island Link 1 two days ago. What do you think whether the project will start soon?
@Knight
Hopefully is not just the propaganda for coming GE14…….PTMP must kick off ASAP to settle the Penang Island traffic problem
Fully agreed. Current transport infrastructure couldn’t cop for pace of development in Penang.
Penang State Gov approved but not SPAD of Federal Gov. So we still need to TAN KUKU …
You won’t get disappointed if you have no hope : )
True Hellokitty, we have to wait long long, I foresee the LRT will not happen so soon, I rather to work out my alternative plan by getting a bike, solved my headache in traffic congestion issue. haha, my 2cents
@James
LOL
I think the proposed under pass from Krystal Point to Bukit Jambul by Hunza group will help more on traffic diversion. Hopefully this under pass will built first before the PICC
@SAO
Please do some survey on quaywest pricing before comment. Don’t took other project highest price and compare with your Novus lowest price.
I do not want continue to argue because every project have pros and cons. People who bought for own stay, I’ve no comment because it was your own choices and congrats too.
But for investment purpose, I personally don’t think this is a good buy.
1) Your target rental & return % ?
2) When it’s on the sub sales market, possible Novus price go down? while surrounding have so many upcoming project with almost same price range and better location?
3) Sungai Ara / Relau an example for us when one area are over developing and supply
4) Understand who is your competitor. Your property advantages?
@Sao what’s your opinion for this?
Just want to ask how long is the construction duration stated on S&P ?
36 months or 48 months ?
Thanks.
36 months.
Signed the snp yesterday. Hope for the best. Not hoping for best quality but at least up to the condo standard. Happy owner.
@Xiwoxiao
Welcome Novus Residences owner on board
Is any setting up a whats-app chat group to keep all owners informed of progress and info?
I prefer use Facebook. With too many group in work, i try to reduce it.
@HelloKitty
My proposal is to group the legitimate Novus owners together, so that we can share info/progress/concerns, and filter out agents, developer, and haters’ comments. Unless we setup a closed Facebook page for this and only allow owner to view/comment.
@Goreng I prefer closed group in Facebook. Only for genuine Novus owners who already signed SPA.
@Knight
I offer myself to lead in setting up the whats-app group, as I am familiar with it. As for the FB closed group which I have no objection, anyone offers to lead? I am a FB dummy. As far as I know, their are already to Novus groups in FB now.
@Goreng Let’s see other ppl opinion. Unfortunately I seldom use What’s App.
im cool with both…already sign up for FB both novus pages though…. not much update there compare here
I prefer to have a Whatapps group also..
Sometimes will miss out important info
There is Novus Residences friend page has been created. The friend page so informative
@Novus Buyer
I agree, the friend page is quite informative. This is definitely what we as buyers would like to have and comment our residence with future neighbors.
However, one thing i don’t like is… the group is not restricted to Novus homebuyers only; it involves non-Novus homebuyers…
@Neighbor
Upon signing SPA and start the construction, the friend page will only limit to the Novus genuine buyers……….SPA(summary page) will request to proven buyer identity…….
Hi ALL Novus Buyers;
I am a new Buyer and i sincerely to be part of Novus Buyer Group so that we can exchange some valuable information with all of you in future.
Thanks.
Great! But fb Admin also shall disclose his/her identity for fairness if he/she ask for SPA summary page to him/her. What do you think?
@Knight
Agree with this as well, just to prove the discrepancy among each other
@Knight
Agreed……..he/she must proven his/her ID too
Great! I’m glad to have more conversations about our incoming residence in the FB group page soon.
I also felt not comfortable if our Novus Facebook admin did not disclose her identity.
Pearl Ocean is doing its final push for Novus selling…last week saw they doing a road show at Queensbay
Pls PM the detail and the package..
How is this project? Good buy? RM650K – 700K is very high in this market?
@DiDi
Hi Didi ,
This PROJECT IS Super low density (273 units only ), 8 unit / floor, 1 tower only , location is Good ( nearby to Queensbay Mall ), Easy access to 1st bridge, georgetown, FTZ area, size & layout quite nice 1155sft , come with 2 or 3 car parks, i think 650k to 700k is reasonable for this value project,
Good in term of :
1. Low Density
2. Location
3. Easy Access
4. Layout Plan
5. Come with 2 / 3 car parks
6. Every room is Bigger size compare to other project
There is some construction activities at the Novus site?
This morning checked, nothing start at Novus site. I guess awaiting permit approval before can start construction.
Wait until August.
I really put hope on Novus to be the best and wanted condominium in Sungai Nibong area !!!
Pls GO GO Novus
My kids study in KwangHwa School. Everyday can walk to school.
@Novus Buyer
Estimated start on September17
why the delay ? …. last time they mention around may/june…. hope the design can be on par with tropicana facilities design…. get a glimpse on it while driving and it seem nice
Does anyone receive stamped spa from lawyer?
@brian
ya ya tropicana bay residences facilities is superb !!!! high class facilities
we selling also
hi all, any whatsapp/wechat group for Novus buyer? I can help to create/maintain if no group exist. I am a buyer, just sign my LO.
@Terry
There is FB created for the Novus Residences buyer. Upon signing SPA stamped, the admin will only accepted the genuine Novus owner in this group
can post a link ?
There is one fb group for novus but not active
@brian
I try to post several time. But was declined by the Penang Property Talk Admin, you can just search “Novus Residences” at your FB and U will get the friend page
@Thomas
Search @NovisResidencesSgNibong FB, you can view the active FB
@Novus Buyer
Sorry type @NovusResidencesSgNibong
can I know is there any unit still available? How much is the price and any package they offer?
Thanks.
I’m a Nonus buyer, any whatsapp an we chat group I can join?
@Pauline
Search @NovisResidencesSgNibong FB, you can view the active FB
@Brian
Many thanks to you.
Saw Pearl Ocean pushing for the remaining Novus unit on recent property fair……with the pricing increase from 20k to 35K. Cash rebate only at RM3,888.00
They should drop the price knowing the current unit wont be that nice….i think ppl are more attracted to imperial grande cos it is bigger and cheaper with nice facilities design as to compare to novus….
1 unit 862sft size High Floor After rebate Rm 511,xxx Only , Last Unit due to Loan Rejected Release Out For Booking,
Those Interested ,
Fast Call / Whatsapp :-SK Ch’ng
Thanks for Your Support ya
I’m first time buyer, going to sign s&p tomorrow. Any details I shall read through carefully before signing the s&p?
Regarding the completion of the project is about 36 months. What if there is a delay? (Will it state clearly on the s&p? ) any compensation on the delay? (A bit worry as I still don’t see any groundwork)
@Pauline
Congratulation to Pauline as Novus owner, since we signed schedule H is standard schedule provided by Malaysia Housing Ministry (‘KPKT’) and it will be protected under by law. If the developer fails to issuance Certificate of Completion & Compliance (‘CCC’) and deliver vacant possession (‘VP’)within 36 months as stipulated in the S&P, the buyer can claim Liquidated & Ascertained Damages (‘LAD’) base on 10% annually of the total purchase price.
Since the developer dares to stamp our S&P, in my opinion, the physical ground works will commencement very soon to avoid further delay. The good sign is the developer willing stamped our S&P meaning there are so confident to deliver the Novus VP before Aug’2020.
FYI, the S&P is just normal term and condition (Schedule H) and only developer attached 3 concern letters for us to sign. This is so weird and for my S&P singing I to sign the 3 concern letters because the developer insists me to sign for given concern to Developer, MBPP and COB.
In fact, I try to refuse to sign, but I was warned by them my unit will cancel if I denied. Since I really like this project and I decided to sign the concern letter with an open heart after I consulted my lawyer friend, any dispute arising later we still stick firmly on the S&P and we can claim accordingly beside the 3 signed concern letters.
Correction:-
Congratulation to Pauline as Novus owner, since we signed schedule H is standard schedule provided by Malaysia Housing Ministry (‘KPKT’) and it will be protected under our by law. If the developer fails to issue the Certificate of Completion & Compliance (‘CCC’) and deliver vacant possession (‘VP’)within 36 months as stipulated in the S&P, the buyer can claim Liquidated & Ascertained Damages (‘LAD’) base on 10% annually of the total purchase price.
Since the developer dares to stamp our S&P, in my opinion, the physical ground works will commencement very soon to avoid further delay. The good sign is the developer willing stamped our S&P meaning they are so confident will deliver the Novus VP before Aug’2020.
FYI, the S&P just standard sales purchase agreement base on Schedule H and developer attached 3 additional concern letters requested us to sign during the signing of S&P. This is I felt so weird and during my S&P singing, I requested to sign the 3 additional concern letters which are not part of Schedule H, by giving written concern to the Developer, MBPP and COB to allow any changing of building plans, layout ect.
In fact, I try to refuse to sign, but I was warned by them my unit will cancel if I denied. Since I really like this project and I decided to sign the 3 concern letters with an open heart after I consulted my lawyer friend, my lawyer friend told me in case any dispute arising after we still stick firmly on our S&P and we can claim accordingly dispute the 3 signed concern letters.
@Novus Buyer
Many thanks to you!!
@Novus Buyer
Change of building plan n layout? Any impact to us?
Yes, the car park bay location which stated on the letter already fixed n confirmed? As previously Pearl Ocean staff told me the car park location might change.
@Pauline
FYI, our internal layout won’t affected by signing that concern letter. If our internal layout becomes smaller (less than 1155sft or 862sft) after completion, there is a formula for compensation had status clearly in our S&P. Developer to compensate us follow the rate had agreed. Car parks allocation also will not affect because had mentioned clearly inside our S&P as well.
The possible changing place may be limited to commons area/property only. Newly under new strata act & strata management act, all the area will determine and compute by share unit (SiFUS). Therefore, the alteration may be only limit to commons area/property such, staircase, corridor, play ground, building facade, walk way, swimming pool & etc due to authorities/compliance when the final stage of the approval.
Today I went to lawyer firm to collect my SPA and payment receipt. Stamped date 22-June-2017.
It means vp by end Jun 2020
However bank loan agreement is not ready yet.
Besides, 3 additional consent documents which I signed was not return duplicate copy to me.
Did anyone retain these documents details? Please share them in fb for future reference.
@Novus Buyer,
Would the alteration of the facilities as mention above mean they can remove any certain facilities anytime they want ?
i hope not to see any shrinkage or removal of the facilities except for squash court i doubt any ppl would be playing that
@Knight
Shared on the Novus Residences FB friend pages
@brian
Accordingly to the concern letter content, the developer has right to alter or amend anything building plan (excepted the internal layout). Hence any place on the approved building plan also has the possibility to alter or amended.
Usually, developer worry comes to compliance or CCC application, maybe some comments from authorities during the site inspection. Despite our building plans had approved, there are so many engineering plans still pending approval until the construction kick-off, especially the BOMBA and etc.
For example, the compliance to the common staircase, ventilation, fire fighting, ELV system, access way, car park & etc. During the building plans the architect may not 100% comply the to the local authorities requirement (all the detailing will come after the building plans approval).
That’s why the concern letter is a protection to the developer if we claim any dispute after the S&P had been signed.
@Knight
Shared on the Novus Residences FB friend pages
So the Novus Residences to be completed on or before 22-Jun-2020……..great
Thank you very much. Lunch
Sorry for typo error.
Thank you very much.
Do you trust RID or current Pearl Ocean?
I am expecting a upper class of quality for this Novus, since we are paying premium price for this project.
RM710 psf (RM 820K for 1155 sf)
@HelloKitty
RM 800k+ can get sub sale Summerton Queensbay 1500sf and ready for move in, can save interest some more.
That is why we expect Novus deliver a best quality and finishing luxury product.
@HelloKitty
Actually the Novus price is in the region of RM580-RM600 psf after all the rebate. Summerton is leasehold not worth to buy……….
How is the interest subsidy cash return work? I did not ask in detail.
@HelloKitty
I wont put much hope for the best quality and finishing luxury product. If they are, we would have glass type balcony like most of the building now instead of just metal fence in show room and i remember one of the buyer ask if they can change it to glass and their response…over budget so i would expect medium to good quality and finishing with nice view.
The balcony in their show room are painted in black/grey color. Look ugly to me.
Look at the car park layout and design, think twice of it as you are the one who use it every day, for those are being allocated on higher floor for your car park lot, you have to be good in skill & patient by ramping up to your car park lot.
Good luck.
I signed the SPA last week.
@James
I think most of the condo are like that …. had to go many round unless they decided not to make multi storey car park but landed one.
The lower car park space and additional facilities are usually reserve for the not so good view unit so can attract ppl to buy whereas those already brought the good view unit normally would had to ended with average facilities rate.
i’m not too concern on the car park since im not going to sleep there, i’m more concern on the quality that they going to deliver for the unit and the facilities.
@brian
Agreed………
@HelloKitty
The subsidy of the interest will base on the progressive of the construction. I think only after you see the entire building was up only their started subsidy. If count from now……I believe only possible get it in the year 2019 onward.
@brian
I take the same view as you of the same opinion
@HelloKitty
Rental Subsidy will be Given to u by Developer’s
by 4 Stages : 2C,2D2F & 2G each RM 5,500 for 1155sft unit
2C……………1.8 years after the construction
2D……………2.0years after the construction
2F…………….2.5 years after the construction
2G…………….upon completion
This also subject to which floor your unit, the lower you are, the faster rental subsidy you will get
Look like new project The Sun at Sg Nibong cheaper than Novus….i mean in term of psf.
Can’t get Novus Residences FB friend pages today?? it has been removed?
@Novus Buyer
Yes U are Correct, actually we have the Estimated Schedule Proggress for Novus, from there we can know estimated when we will reach the Stage by Foor of the unit.
Regards,
SK Ch’ng
@Pauline
Yes, now only for genunie Novus buyer only. You can send your request to them
I went to Gurney Plaza Road Show today，that agent told me 4 units left，80% over percent SPA signed.The rest loan under application . Selling like HOT CAKE!!!
Is that any available unit still left for this project?
i think got, Last week developer doing roadshow at gurney
I went to road show last week that agent told me only 4 unit left. 3rd floor left 1 unit only and 4th left 3 unit.
@ABC
Do you think it is free? selling like hot cake : ) , look at price how much per sqft, never listen to someone who telling you, “now, only few units left, better book it, those units has been visited by some customers”, it makes you feel anxious in this scenario, after few months, you might get the same statement if those units still unsold.
My 2 cents.
@James
Agreed. Usual sales tactic lah . Create situation of scarcity and demand when in fact the reality is far from it .
Any Ideal when the construction will start……..Since now already mid of Sep’17. Ghost month almost ending?
LAST 3 units LEFT for NOVUS!!
LAST 3 units LEFT for NOVUS!!
LAST 3 units LEFT for NOVUS!!
Contact me now for more information and latest update..
Best Regards,
Candice Goh(Contact details may refer to below marketing box)
Novus Direct Marketing Consultant
suddenly become so quiet here…
people talk in whatsapp already
Any idea on when & how much the Novus buyer need to pay for the MOT?
Any idea by when & how much the Novus buyer need to pay for the MOT?
How to talk in WhatsApp ?
No wonder so silent here. How to talk in WhatsApp ?
No jacuzzi, no Sauna room… Is it worth it to pay 0.25cens per sqft for maintenance fee? Most of the condo have these facilities.
Yes, it is worth.
@Novus Owner
Lol… Are u one of the developer staff?
No, I’m an unit owner of Novus. I think it’s worth, so I purchased. Simple as that.
@Novus Owner
Op…. Sorry! I thought Novus staff come goreng here. ^_^ lol!
I also aiming to own 1 unit of Novus mainly because of the location, but I think the facilities as stated in SPA vs the maintenance fee need to pay is actually a little too high la. I know many of Novus buyers here already sign the SnP, so I think it’s already no hope to request developer to make any changes or to upgrade the facility which is more make sense to the maintenance price Novus buyer pay every month.
Low density only 273 unit, 237 1155sqft 36 860sqft estimate total 75k maintenance fee per month for management team, 3 lift monthly maintenance, swimming pool, security, cleaner, electricity, and etc should be fair enough for current market expenses… majority of project now is 0.25 per sqft, All Seasons, Golden Triangle also increase from 0.15 to now 0.23-0.25 per sqft. Un useful facilities end up just for display and wasted lot of fund to maintain it.
Hope that all facilities will be delivered in high quality and good shape.
GREAT NEWS!!!!!
Few nice units of Novus release due to loan rejection, even sea view units!
Contact me now for more information and latest update..
Best Regards,
Candice Goh(Contact details may refer to below marketing box)
Novus Direct Marketing Consultant
please email me. I m interested. TQ
shlimsk@gmail.com
I’m interested on it. Pls email me at stannie22@gmail.com
Thanks.
@Apple
You can search the FB (Novus Residences Sg Nibong)
The FB also can’t see anything unless we joint the group, right ? But we still not yet receive stamped SPA, how to join ? Did you all already received your stamped SPA ?
please email me. I m interested.
kwchan79@yahoo.com.my
Thanks
GOOD NEWS !!!
LAST 2 SEAVIEW UNITS ( HIGHER FLOOR ) FOR GRAB !!!
RM 703K & RM 705K ONLY !!!!
FAST Call / Whatsapp : SK Ch’ng ( Novus Marketing Agent )
Im Very Happy To Serve u
Thanks alot for your support ya
@Apple
You can PM the booking receipt to the admin
Sad I din manage to book Seaview unit (703 k). But still happy to book Lvl 34 facing town. Yes I agree Novus is selling hot.
Last week just signed S&P.
But found that the 5% rebate was not stated in S&P. Asked the lawyer, he said this extra bonus will not stated in S&P.
Feel unsecured. Developer possible refuse to give us the 5% when CCC obtained.
Hi all, I’m new to property and would like to buy one for own stay. I went to see the scale model of Novus and also The Sun @ Sg Nibong and both are in my consideration.
The location of Novus is strategic and facing the sea, having no other future developments blocking your view. The only thing I don’t really like about Novus is the rectangular layout if compared to The Sun, and also the negative feedbacks regarding the developer formerly known as RID. Furthermore they only have one unit left leaving us no other choices.
While for The Sun the layout is more square-ish. The size is bigger too (1313sf) and is cheaper psf compared to Novus. The only thing I feel “unsecure” is The Sun will have hotel, commercial units and also 50 affordable units all build on the same piece of land. Future developments behind The Sun maybe will block the city view too.
FYI, The Sun will only have 24 floors with 145 units condo, that’s super low dense. Both maintenance fees are 0.25psf.
Please give some advices/comments. Thank you from a serious buyer.
@Snowman
how about Triuni residence?
@Snowman
Forget about The Sun lar……developer is shit of the shit!
@Danny
who’s the developer ?
@practical
the one who build H2O……..
@Danny
H2O developer lousy ah ?
@practical
famous already lar….after the damage done on H2O, now they change name
What happen to H2O, what damage occur? H2O look nice right?