unbelievable. condo is invading mainland now.

omg, too many condo project right now in mainland

Damn, so many. It is most lucrative to built a Condo, and sell them at 300 psf. 9 years back, Condo in island with facility was sold at 120 psf. There is no way material inflation can reach that level, but greed of the developer.

developer so smart, they know ppl cant afford landed house d, keep build condo

This is a global phenomena not only in Penang. Jakarta, Bangkok, Ho chi min even in Taiwan and China, property inflate at a higher rate than Penang over the last 5 years simply supply cannot cope with the demand. We are no longer like the old day of few families living under one roof. Penang population had increase at a rate of 20% to 30% due to migration from other neighboring states and new born.

This is so true…

@Kent
do you consider today’s labour & material cost such as sand, cement, steel etc with 9 yrs ago? Of course every developer is greedy & want to make huge profit, but ‘kiasu’ & support from buyers is the main cause for developers increase price of property.

@fl4
So true. More and more people migrates to the cities from neighbouring areas due to job opportunities and lifestyle. Cities and surrounding towns will be physically merged due to urbanization and form big conurbation, like Japan’s Taiheiyou belt with >80 million population.

As far as Malaysia goes, our capital would be the largest, and the Georgetown conurbation would be the second largest. Stretching from Georgetown to SP to Kulim to Nibong Tebal, buying a property in mainland might just felt like buying a property in the middle of everything.

@Chris

Wahaha….comparing Penang to Japan’s Taiheiyo Belt? Sometimes ah, we have to sit back and accept the reality. Once you accept it, then only you can move on, otherwise you’ll be stuck forever.

There are pros and cons for both mainland and island, and it depends on what your purpose of buying that property is. Even for island, there are the good parts, and the bad parts. Same goes for mainland.

It’s ok if you had bought that shitty piece of property that you can’t flip at the price that you want and can’t rent out, you just have to accept reality, take an action, and move on.

There’s money to made everywhere, not just properties, definitely not skim cepat kaya. I am not saying there’s no money to be made in properties, but if you don’t have the expertise and foresight in it, don’t make yourself look stooopid by having petty arguments over mainland vs island.

Good for investment? The location just nice, 5mins to pg bridge. Low density & close to rive

Can the management team explore more & share with us why maintenance fees is .25/sqf?
This is too high & expensive for long run.
Will it be adjustable? Pls review this.

Anyone know what is the sales status now?
How many unit available?
What is the selling price now?
Location is convenience to everywhere & it should be only 10 units per floor (if not mistaken).
But the maintenance fees is very high (0.25/S.F.), it estimate around rm350/month at least.

@Atomicbomb
Erm… property flippers makes me sick but then since it’s a legal way to make money I can’t complain.

But I agree with you, I’ve accepted the reality that it’s impossible the government will outlaw people trying to make quick money in property market, and move on trying to find a next best suitable place for my family. Positive thinking thingy.

Comparing with Taiheiyou belt is a bit extreme.. haha, that’s like urbanising the entire Peninsula west coast. Not in my lifetime…

yesterday they got property fair in sunway mall, still got a lot of unit available. 1 sf is rm300, and maintainance fee is rm0.25/sf is i not mistaken. normally is 1400sf, big house i like it. so rm406k onward. but just the entrance is share with tesco extra side, dislike it.

@darren
so buy or no buy?
do you think this place nice?
i called up developer they are sharing few good poiints.
1. state will undergo clear up / beautifiying the river
2. others developer did buy the lands next to this building. will have another 1-2 condos in future
3. they will develop a new entrance in future

any can give more input?

@Chris

I did not say it is impossible for the government to outlaw property flipping, so there’s nothing for you to agree with me on that….:)

In fact, we have to STOP thinking that “whatever that is legal today will be legal forever”. We have to STOP thinking that as long as it is free market, we can’t do anything to stop it.

We have to START thinking that as long as it is harmful to our society, we can get the gov to outlaw it. We have to START thinking that something harmful could be legal today, but illegal tomorrow (eg. DIBS). We have to START questioning why we advocate free market while forbid mass orgies. Are we not talking about the same kind of “self regulation”?..:)

Public discontent is rising, from Hong Kong to Spore, where property price has risen beyond the affordability of average people. We have not reached that stage yet, but if we do not do something with conviction, we will fall into that irreversible trap. This danger is especially real for Penang.

purple28 :
@darren
so buy or no buy?
do you think this place nice?
i called up developer they are sharing few good poiints.
1. state will undergo clear up / beautifiying the river
2. others developer did buy the lands next to this building. will have another 1-2 condos in future
3. they will develop a new entrance in future
any can give more input?

Beauty the river? Look at hoe MPPP scrww up Sg Penang?

U hope MPSP can beauty up the river within your life?

This is our problem, Malaysian problem!

walau…25sen per sqft?? International facilities ??

@purple28
ya, i also got the feedback by the salesman that will clear up the river, but i dont think that it will, coz i feel that this is empty promise.
ya, this i can confirm that will have another project next to it in future when i pass through highway there, since i can saw it some developer hav bought it. for sure, it will hav another project coming soon.
and i feel better dont 100% believe that other developer will build a new entrance in future, this is totally out of their control ady. May be other selfish developer will build it but didn’t share with this project, may be other…
for my opinion, this project still can consider about it, coz the location quite convenience, next to NS highway. and big build up area. but it only complete at year 2018, so i still thinking about it. nevermind, that’s a lot of condo project coming soon in mainland, you can survey arround only make your decision.

@darren
Salesman told me this project will be done on 2016.
If book now 1st 30 units can enjoy 300/sqf. The 31 units n above have to pay at 315/sqf….
I like d project as the sqf is big & low den…
And estimated it will rise to 350–380/sqf in 1yrs.
I today called up the sales office again, she said the beautifying river is on going ..
My concerns is
– Should we go for landed property which also 400k in mainland then a condo
– This area better or simpang empat

Darren you are right. The developer not clear the river, is a big river, is MPSP problem. just beautify the the area near riverbank infront of the Condo. The other dev will need to connect the road from either side to their projects. If not , How to get to their pojects, is a win win for all. then those condos will have to 2 entrance/exit then. There mayb others condo coming up, mayb after april 2015? so they can be certain about their development costs (land cost, minimum /labour cost, material building cost, transportation cost, opportunity cost, inflation cost, consultant/expert cost etc) . Can still get Below Rm315psf after GST ? pls share..

Just a food for thought : If someone tell you that the property u stay now : rumour is Tesco is coming to your neigborhood. what do you think of the properties surround that area. Now, reverse thinking – a new condo will be build next to Tesco (reality) , the price of the condo is very expensive? , at promote Rm300psf ? Remember Baywater next to Tesco egate in Penang….the price is double …and PLATINO & now I REGENCY….all millionaires there.
Better still this project have easy Exit plan if you decide to sell even after signing SPA, dont need to wait till OC. Plus , it is a Green Building with GOLD standard. where else hv this standard….

@Danny
Danny, what do you mean Exit Plan?? Can we sell even before OC?? How about P.S.T.??

Good location thou , very near to pg bridge. Being right next to tesco is not a bad thing for sure. Surrounding landscape also looks good .

420k a condo or 420k a terrace in simpang empat??
Location very good, but cannot compare with pg tesco because no Egate behind….

All swampy land.

oh yeah…it’s wet and bushy….

I dont think its on swampy wet land, If it was then, why would tesco open an outlet in such area if they didnt see the potential demographically ?would be weird for them to locate them self in a shitty area since its a big retail chain! anyway looks like 300 ++ per sqft seems to be the standard now for condos in mainland..soon mainland also going to be an expensive in terms of property. …

William :Danny, what do you mean Exit Plan?? Can we sell even before OC?

Danny: Yes , you can sell before O.C.

Not try to compare island & mainland, just emphasized the Tesco influence. Baywater start selling from 285k….now please check the value there..

The Light is -sea land, what harm is swampy land, small matter la.

I see two road can reach the condo , another one is from highway – after the original turn to Tesco Extra – the small road besides the car workshop. Of course after the access road to Condo succesfully completed. I presume many middle class who rent the house there will opt for this gated and guarded condo with access card entry and cctv monitoring.

rm 300 psf is good till 25 july 2014, thereafter will rm315psf……check it out during 31 july 2014 Queensbay Mall Penang…… up rm15 psf psf to Rm330psf (before 5 % rebate to bumi and non bumi)…. Registration fees from rm1000 to Rm5000/-

Instant profit of Rm20,190/- , if book before 25july 2014….

dannyske@gmail.com

@purple28
Hi Purple , have u book?

Hi Danny,

So far still left how many units. How much the price ???
What you mean with instant profit

Me and wife are interested in this project. We are the late comer dunno if the good deal is still available. We are from butterworth and we thought the location is far more superior than the inner Perai. If choice is at the upper deck, perhaps still can view abit of Penang island.
Went to Sunway property fair last week, if not wrong there is 7% rebate.. Will decide this weekend when visiting the site office..

Jho..they said 7%, they told me just 5% at the same fair last week..I like the design and green concept, tree at the top roof of the building…and just besides tesco

Now price at RM460k with 1360sqft. 12unit per floor with 3 lift.. Saw at gurney property fair yesterday.

Location wise very good just afraid become tesco worker hostels for some of the unit

Tesco will rent Next door 5 storeys flat cheaper la, rent condo as hostels? you think Tesco so good ah…The managers from Sunway Carnival presently who rent the landed there maybe,
who came back late at night . Especially the female executives, not forgeting the Gated n Guarded access card entry and facilties…

just visit this project recently, now price up to RM350/sqft .
The maintenance fee was RM 0.15/sqf .
all the legal fee is absorb by developer.
paid a deposit RM5k can sign a S&P .
Project forecast complete in year 2019.
The concern was how they can manage the riverbank.
This location near by to the MPSP landfill. on nite time surrounding this are very dark.

Hey… I went to their show room during the weekend. The unit seem spacious, and I like the layout. Does any of you have any thoughts on this project? Is it a good buy or not? Is the surrounding area any good? I know that it is just a walking distance to tesco and close to the highway. Anything to worry about at that area?

Hey…anybody bought a unit at River Tropics? Can you share your thoughts on it?

no buyer for this condo?

Construction work has started for this project. Anyone care to share some thoughts on this River Tropics? Is it worth to buy?

Hi, Good Morning! I had brought one unit in this condo. One good thing is the location, easy excess to highway. Very noticeable either from penang bridge or Sungai dua. Near by Sunway that will further invest and extend its supermarket, also add and hospital and extend its hotel. The best is near Tesco and bus station that daily routine to coming penang central at ferry terminal.
Chinese said near river as near money.
My opinions very good investment. I brought last Dec now on paper already gain 10%. Better move fast as many doctor, engineer & professionals had brought this condo for owe stay. Not much choice left.

Wow, a lot of condo coming up at ssberang jaya now..gravitas, maritus, k residence, etc… rental price will drop as tenant has many choices to get the cheapest price.
From my point of view, seberang jaya properties getting valuable nowadays compare to other places in mainland.

Btw, what is the maintenance fee for this project?

what is the market price for below 1300 sq???

Nowsaday BW condo 1 unit RM400k onward…after 5 years sure hit RM500k onward

No need wait 5 years… now new condo pun already reach 500k (e.g. GEM residences).

Anyone would like to let go your unit facing south west. Pls contact Mr Tan 0174561774. Serious buyer not agent.

@Mr Tan
u want door facing to south west or window?

how is the built quality?

any leakage of water from bathroom?

At 350psf ,it is still a value buy for 1400sf low density green condo.
CCC expected in Oct 2018.
Look for Susan the project specialist who has closed more than 30 units .
She is the best person to help you choose the best layout according to your lifestyle.

Any buyer here? Anyone know the current ccc status now?