Prestige V
Prestige V, a freehold residential project comprises 74 terrace house, 6 semi-detached and 1 bungalow units.
Strategically located in Batu Maung, an easy access to Bayan Lepas Industrial Area and Penang International Airport. A mere minutes drive to the proposed Penang second bridge which is due for completion in 2013.
Location : Batu Maung, Penang
Property Type : 2-Storey Terrace, Semi-Detached and Bungalow
Indicative Price : RM894,000 onwards
Developer : Indah Mulia Development Sdn. Bhd. (PLB Homes)
Contributed by @eric (Site Progress – 8/1/2012)
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please give me ur email address so that i can send u come details ya. tq
then like that maybe buy tmn sri aman better
Mine is DST. interested pls pm me at ykseng88@gmail.com.
VP obtained! Congratulations to all PV buyers.
Hi, anyone know any transaction been done for P V ? mudah shown some seller leting at 960 K ??
My cousin just bot one unit at price of 958k & bank loan approved on Monday. Comparatively Prestige V is still better than Siara 81 in term of location & workmanship.
Not too bad. if refer to recent case closed by my fren for tree residency at 990 K ++ which is still under construction, SSL’s cousin is getting gd deal.
Siara 81 ?? location can’t beat PV, with the upcoming 2nd bridge completion and highway widening project kick-off, PV definitely stand is better choice. not to forget the traffic condition at sg Ara/Relau area, and multiple new apartment project surrounding ( shineville, imperial, setia , garden ville, the clover, …… ) wa ! can’t imagine the coggestion for the traffic.
dear all, what is best price to let go then ?
Good buy? Sure?
Completion of 2nd Bridge is good news to main land residents but a very bad news to Batu Maung. It is already congested now from factory area to Batu Maung during morning/ evening rush hours, it will be standstill when 2nd bridge opens.
Last time, people buy because cheap, now RM1million still buy with all these bad things?
Old people said don’t buy house facing T Junction and located at the end of bridge. You think near to bridge is convenient ? Miss the boat better is better than ride on wrong boat.
Last time, people view Batu Maung just like Balik Pulau, don’t buy. Wait until a lot of people buy, then jump to whatever boat- RM1 million subsales…..
The thing is people like to wait for others to take risk, then laments this and that.
Now, Balik Pulau landed freehold-RM600K, any takers…? People said lousy la, crazy la. Then later, eventually, hit RM1 million, then complain. Never learn
By the way, Balik Pulau is going to be not cheap very soon.
I heard SP Setia is going to Balik Pulau, the project is called Setia Rain Tree Residences.
I remember the area now called Setia Pearl Island is nothing, but you see what happens…
Reputable developer will change people s perception and acceptance. And they will set new price benchmark, other developers will follow ….
So, buy now ? Any one ?
Balik Pulau…. Crazy
If have the extra money to do some risky investment then buy at balik pulau now! Those who cannot afford will think its not worth it. This is very normal. I personally believe one day balik pulau property will cost a bomb!
Agreed wtih She…need to learn from mistake.
Looks like this forum shifted the main topic ;PV perspective and outlook ! If all saying is right, Balik pulau is going to be the next upcoming spot, then bayan leaps area ( all location including sag ara, batu maung, teluk kumbar….) got to be price lifted. Buy or don’t buy up to U !
Moreover, if Shawn is right, then I am worry for mashing project which just after 2nd link ! The Loft launching now macam mana ?
@K90,
You are everywhere!
I am interested to get an intermediate unit if owner is willing to let go at RM830K. Pls contact me @ 0174799861. No agents pls.
@Want2Buy
I offer RM810k if anyone wants to let go. Please email edin@trutech.com.my Thanks
@ Edin Gan,
Do you seriously think anyone would let go at RM 810?
I am interested to buy at RM850K for intermediate units. Any owner want to let go at this price, pls email me at llcc5224@yahoo.com. No agent pls.
Hi there
I’m Lee. I got a property in Prestige V but the price to let go will be at RM910K. do you want to put in consideration?
Please contact me via email : kalee5@hotmail.com
thank you
Man pemborong close shop. Corner shoplot is a malay restaurant and currently under renovation
I offer RM820k, anyone interested, pls drop me email at benlim88888@gmail.com
wah so cheap ah, what was the buying price
Faster sell b4 2014
Originally buying price is RM729K for intermediate DST. Need to pay interest during construction. If sell now, need to cater RPGT 15%. Bo meat eat liao if sell RM820k
In south west area, property prices above 800k is hard to let go. Average engineer who want to own a house for own stay can’t afford it or reluctant to burden themselves to live in such an expensive house. Those richer one will buy new property. Those intends for investment is generally not interested in subsales property.
Spot on! Paper value is high but hard to enjoy the real benefit..so what to do now? Continue the installment!
Coming year going to worst year for property market, can see the impact on property market
during recent property fair in Johor, observed lower turnout. What will happen to penang property market.
@buyer
I dun think 2014 will be the worst. Probably 2015 or 2016 when all the property build already complete and going to market. Some of the SNP stamp on last year will need till 2016 only OC.
No matter how, must have certain holding power no matter for own stay or invest.
820k so cheap faster buy lor, go where find landed in island this kind of price, 2nd bridge almost done, looks really nice around there now, next time will have 6 lanes highway accessibility etc. 2014 property prices sure hike, the 30% cost will move to purchasers’ shoulder lo, how how how…
hey dude, don’t be so happy, the one that offer 820k is buying or selling price? I doubt it’s selling price. And like what you said “820k so cheap”, why not you go buy first?
Sorry for sidetracking a bit, does anyone know where is the exact land for SP Setia Rain Trees Residences in Balik Pulau?
oh ceh it’s buying price sounds like haha ops. I might, but I don’t have the money haha, too bad for me.
@gurt
Sound like a buying price to me too. Haha…no money no problem, bankers are more than happy to help.
~Prestige V For Sale~
2/Storey Terrece
Original Unit
22x70sf
Selling 900k(nego)/For Rent 1500pm (Basic Reno)
For Viewing Pls Call Mr Goh
012-4105040
Irealty Agency
This area will become bangla village. Already have 15 units signed contract to rent out to factory indonesian
Hey Goh,
are u agent or owner ?..i am interested in P-V.
Is this the next juru heights? PLB homes = Tambun Indah?
hello! any idea when will be the second link fly over (coaster hiway) portion open?
@May14
Very soon. All the construction of the fly over has been completed. Seem like waiting for our CM to come to officially open it. Anyway, what is this has to do with PV? The effect of 2nd link to the property prices in this area is over. We all know the 2nd link will become a reality.
@MM
If what you said is true, then this PV is gone. Blacklisted!!
It is scary, this PV is hiding behind the shoplot. So every night the bangla is having party behind. Nobody will notice. Seem like ideal place for them.
Hi, was there to view one unit to buy, quite like it, considering to buy.
I m not sure how Juru height. You go pay visit on PV on 1st jan and u will know.
If i am not mistaken the earlier closed portion (over heard flyover) has been re-opened.
This is a serious claim….is it true so many units lease out to foreigners?
Can u back your claim with some proof?
Though this is non Gated/Guarded, hope those investors could be more responsible in renting out.
Easier to wait and see for yourself if the place going to be an indo-bangla-nepal-burmese-fili village. But this is not an issue because they pay good rental to owners as they surely have at least 20ppl staying under every roof. Furthermore, investors have every little rights to rent out their units to foreigners, so long they are valid workers with permits and rental comes with official agreements. There is nothing owners can do but to either stay with them or rent out to these people. In fact, these foreign workers are the best options when come to rental yield tenant as there is not much people who is willing to pay a couple of thousand for rental.
The problem now is that with this news buyers and sellers are both in hard situation. Is it some1 try to push the price?
Anyway I remembered read before in the blog/forum that, even in Southbay, initially owner had rented out to foreigner but due to its G&G strata, management manage to force the owner to cancel it.
Wait….If those owner reliase what had happended in Singapore last Sunday. Then their ball will strXXXX.
Absolutely agree. Owners can’t do much things. The situation will be similar to Zan Villas there.
@MR
No one is trying to push the price.. If this G&G strata are able to push owners not to rent to foreigners, does that mean malaysia has a system which discriminates rental to foreigners?
I seriously doubt such an official ruling. You see, even such law exist it is bad towards malaysia. Furthermore, if the rental goes to a bunch of Professionals foreigners like ang moh, are you still worry?
@Easy
Honestly ask yourself, do u like if your neighbours or neighbourhood have many foreign workers?
especially if u already married and have children???
We can survey in Juru or even see in Zan villa side.
of course foreign workers also human ….but if u given a choice wud u purposely choose them to be your neighbors?
@MR
Given a choice i like to own an island where it is guarded and monitored all the time (just mimpi).
But the topic here is rental towards foreigners are inevitable. You or me are not in any position to refrain other owners from renting out to bangla or whatever. So we have no choice, by law or not, it all depends on the fate of this project. So just wait and see. If PLB homes do not want their reputation tarnish, they should step in. But i am interested to know, what can they do? Obviously renting out to a bunch of foreigners is not unlawful. So??
@Easy
Why blame the developer pulak. They built, sell and handover to owners. It is non-GnG project. Now it is up to the owners to do what they like lah. If don’t like dont buy non-GnG at the first place. If GnG project then complain can’t do this can’t do that.
@Buss
I did not blame developer la. nobody to be blame actually. But many claim that tambun indah is 100% responsible for juru heights. They build,sell and handover too. But still kena blame.I see no diff in terms of renting to foreigners whether G&G or not.Just too bad if a new taman got foreigners means developer no good. Typical mindset of many out there.
Wondering is that true many units are planning to rent out for foreigner……puzzle!
Wondering is that true many units are planning to rent out for foreigner……puzzle!
@PP
Yes. In fact, they need more house as there are demand from other factory like axd, plxxus besides wd. This morning got 2 bus kilang at that site. I saw got factory workers move in into one of the house.
MM, Thanks for the infor…will drop by to take a look before any decision make.
@MM
At what time u see the bus kilang? My office quite near to this project. I would like to go verify myselft.
@James
That day i saw is around 8:30am which is move in day. For normal day, i think it’s around 6:30am to 7:00am depending on shift. you can go there verify yourself. As of today, if not mistaken, already have 5 units moved in by factory workers. This morning there is a nasi lemak stall inside the taman. Quite good business.
Went to the site after office hour at 5:30pm. I confirmed it is true that this Taman has been bulk rented out to factory workers. Most of them are females (95%).
Lorong Bidara 2 got 4 units.
Lorong Bidara 3 got 3 units.
Lorong Bidara 4 got 3 units.
Lorong Bidara 5 (last row) dunno cause i din bother to go in.
Lorong Bidara 1 (first row) dunno cause din go in. Got many factory workers hanging around at the lorong entrance buying and eating at the temporary malay kuih/nasi lemak stall.
Pity those who has brought this project for own stay.
Went to the taman this morning, saw more than 10 units rented out to factory workers…
My bro Low cost rent out to foreigners with 10people staying in one unit. For this terrace house must be at least 25people staying. When you see the view of all the foreign workers around that area.. Your capital appreciation is gone! No people will want to buy for own stay anymore.
For those owners who rent out the house to foreigners v rental only 1.5k,
Banks in town r willing to offer top up loan if you all meet difficulty in loan repayment
:))
Rental yield should be very good!
Keep it for five years and let the factory to pay for your installment. Nothing lose.
But for those bought for own stay, i would say sorry, fast fast look for another property since now the price is acceptable before another wave coming in.
@Chocolate
Rental 1.5k consider good yield?
Banks in town r willing to offer top up loan
For those owners who r getting trouble in loan
Repayment .
The rental yield is kind of poor, less than 3 %..
Better then 0 rental yield..
Anyway, it will be the next entertainment spot for guys since 95% are female staying in those houses!
For those owners willing to sacrify FEW HUNDRED THOUSAND Capital appreciation and rent out their units With only 1.5k per month and this decision is not easy..
Moreover, future buyers will refuse to buy those rented out units as they will REMEMBER n SPOTTED those rented out units
Happy Renting and Hope with 1.5k rental
It is sufficient to cover ur installment forever ya:)
Wondering will the sub sale price of PV going to be affected…?
Already affected.. No more subsale transaction. But rental is ok, only to banglasia..
Last night when i went by some house, i saw some foreigner women bath outside their house at car porch area. Nice!
This forum is full of racist and sexist people. The education system surely requires an overhaul. Im sure some of you wont feel remorse, because that is the level of your brain capacity…
@Penang is the Best!
Now only you know my freaking retard dog? Get use to it.
@Penang is the Best!
Very sorry. You own PV is it? Rent out to bangla la..
@engineer
So many person cramp into one house, sure running out of bathroom during peak hour!!
@Penang is the Best!
Their want to bath at the Porch is out of our control, what i worry is vehicle accident will increase in this area.
I am sure starting tonight there will be more outsiders strolling around this taman trying their luck!!
Will serious traffic jam tonight.
This place turning to red light district! Great! Property price sure will increase 10 fold!
Anybody has any idea what is the latest transacted price in sub sale market for PV?
I think from now on no more subsale transaction to genuine own stay buyers.
I have client who just completed a deal @ 998K. It is normal intermediate unit.
@Era
I don’t believe the transacted price can be as high as 998k for intermediate unit. Yesterday I just found out from newspaper asking price is only 890k nego.
One of my banker fren notified me that the latest transaction was at 870k (from public bank) before 31st Dec, how come such a big difference in the selling price.
@PP
That is last year punya price. This year price different already ma. Thanks in advance for your understanding.
Maybe price went up due to red light district potential.
@Era
Thanks Era , by the way fyi the 870 transacted in the last week of Dec month.
Thats because Penang drivers are bad drivers. Skills focused too much on lamenting at people and having a red eye on other people. Jaga tepi kain syndromme mah…@engineer
Does not matter whether last week or last day of 2013. Last year is last year, this year is this year. 31/12/2013 old tax system, 1/1/2014 new tax system. 31/12/2013 old electric price, 1/1/2014 new electric price. 31/12/2014 no GST, 1/1/2015 got GST.
Checked mudah price, lowest asking price 875 & highest 900 ,even tis year there is seller asking less than 890.
this area gone crazy.considered to buy one n went around with my wife this afternoon. so congested with foreigner as they prepare to take bas kilang.surely nothing wrong with all this foreigner,but my wife not quite happy-perhaps a bit scare if someone try to tackle me later on..hahaha.funny things are,that malay restaurant was empty, n few temporary stall full with this foreigner workers..sorry to say, not a 1st class mentality.so decided to drive away to balik pulau n teluk kumbar,hopefully will be lucky there-looking place for my own stay.
understand from agents there are few units letting go at ~ 870k…price is reasonable , plan go take a looks at the “peak” period before any decision make to consider PV or not. Hope the situation is not too bad…
@jon
I have been looking around balik pulau for quite some time. The one thing that holding me is the bukit road. Considering safety of driving the hilly road daily. Else balik pulau is quite a nice place to stay.
@PP
Good luck to you.
Taken a look at PV during the so call peak hours, decided to drop the plan. No dicrimination in race , but believe buyer will not want to spend ~ 900k to live in this taman.
Frankly, can’t understand why the owner spoil the market value of prestige V themselves..?
they are not spoiling the market but they enjoy handsome rental from Plexus, u hv no idea how much is the rental fee.
Monthly rental is 1.6k. Contract 1 yr
Understand from few property agents there is no more transaction after the foreigners shifted in to the taman.
1600 is handsome rental return???
u guys believe 1.6k rental? c’mon, sharks everywhere not only in government , corporate also the same. these people earn easy money like nobody business . ofcoz they declare 1.6k n not 6.1k
One of my relative own a PV unit too, he received a call in Nov from an agent & offerring 1.6k rental for 1 yr contract. The agent representing a hostel mgmt company (fr KL) & claim that operators from WD will stay in the unit. Believe the mgmt company indeed gotten higher rental from the factory as the owner will sign the agreement with the mgmt company but not the factory. My relative sold his unit at the end of the day, perhaps he made a right move.
huh, can see as well one stall selling used clothes, like a bundle along the road in PV. Surely this is a good market for them. maybe one day will be pasar malam in this area. If u want to invest – for rental etc, i think go ahead, buy one since d price not so high – most of them want to let it go. If for your own stay, better look other places. my 2cents!
Saw 3 bas kilang stop at PV taman & dropping the operators at around 7.15 pm. Many foreigners walk out from the bus kilang….Emmmm, can’t undertand why so many owners willing to rent tout and spoil the market themselve.
Hello folks, any news about the take-up rate of PV after the moving in of the foreigners lately…notice more than 10 houses had rented out to factory workers. Anybody has any comments to share, thinking to get one unit there for own stay but worrying about future appreciation, there is an offer ~ 850k from a seller.
To all Owners who what to sell to another potential owner;
Let discuss .. no commission to agent + other potential saving for both party.
Email to me (smartdg8@yahoo.com.my) .. on your ideal selling price and start our negotiation .. only buying 1 unit!
I am interested in intermediate unit. As what Smartdg8 said, to save the commission paid to agent for both parties, let discuss here. Please email me (feltroneu@hotmail.com) with the unit number and ideal selling price. Currently I saw agent putting the price at RM880K.
Fel, i have one intermediate unit..agree we should avoid going thro agent. What is your budget by the way ..?
Hi Chan, can you contact me at feltroneu@hotmail.com?
@Chan
Hi Chan, can you contact me at feltroneu@hotmail.com?
Hi Fel, so sorry i had sold my unit recently …
@Chan
I am disappointed that you did not contact me.
@Chan
Btw what is the price that you have sold?
Sorry Fel, the buyer was in nego with me since Feb..he made the decison end of March.
870
@Chan
Thanks for the info.
Fel. U will regret soon with 870k.
All indo operator will move out by this coming June.
Pretige V price will rocketing soon.
Please dun bluffing. I got from the agent in charge there is another unit just rent out to foreigner factory workers. Are you agent trying to create rumour to attract buyer?
@penang nan
It’s up to you to believe or not.
WD vendor has called and informed all owner to terminate their contract by this coming June. Dunno they are moving to more cheaper rental area or those indo has been retrenched by WD due to bad business cycle in semicon industry.
Whatsoever is it. Doesn’t matter. June will have a clearer answer.
@Insider
Even if it is true, it is still the same problem. There will be other company comes in. Unless the reason of their move out is due to the owner’s community itself don’t want to bulk rent out to indo/bangla.
Today is WD. Tmr can be other company.
@ml
Your concern may be true but have a better chances rather than waiting 2 more years until WD tenancy contract finished. Hope that those owner gain a lesson from it.
Any owner forum created For prestige v owner so far??
Can the owner of Prestige V create a forum for us to discuss about the Taman rated matters?
@Homesearch
Can get your email address so we could include you in our next action plan?
Any unit to release at RM880K?I am the buyer who interested.
I’m a serious buyer, is any owner wanted to let go the unit in PV? Pls email me at yen.pleo@gmail.com
Hi Tay, my emsil is changprop@gmail.com
More and more foreigners move in. As of now, there is more than 20 units which carries about 1/3 of total units rent out to foreigner workers. Bus kilang goes in and out to pick up or drop workers. Food stall and pasar malam stall setup there almost everyday. I foresee more and more units will rent out and the property price will continue drop due to this. To all buyers intended to buy here, think twice before you make the decision.
@YY
Why penang property investors got self-destructive behavior, like to screw up themself my renting out their units to foreign workers?
one group of residents have sent letter to MPPP about this, let’s wait for any good news from MPPP
for those stalls, will be chased out soon as didn’t carry any license…MPPP is going to take action soon aslo
@ezalor,
u dunno ah? those are bey ta han owner already la, no rent out, will auction by bank for sure d…bcos of monthly installment ma
I think rental is a good source of income to them. They dont plan to sell right now. After a few year then ony sell they still make huge profit. By that time the price already up naturally. Why they want to care about the living environment? And it is not a self destruction either. The losing side are those intend to stay or those short term invester who wanna let go now, thinking of able to make quick overnight gain after oc.
@Sam
ah? good source of income meh? how much are they renting out for? RM4k per month ah? or RM1k per month? ….:D
@chilli
1k is not money is it? And we don’t how much their loan is.
Was hoping gov can control this kind of issue. Though is a bit discrimination. But for the sake of better place to live in.
@Sam
RM1k is money, but if the owner sells the property at RM800k, and then use that money to buy better properties, the rental income would be higher with higher potential for capital appreciation too. From that point of view, the rental will not be a good source, it is on the contrary, stupid.
But of course, finding a buyer for RM800k at this moment is super tough, with things going so slow for such a non-prime property.
A friend of mine brought 850k last month. .
Price keeps on dropping…….
I believe rm850k is good deal the previous owner don’t really making $ for the transaction…
I still think most of investors are keeping for long term while waiting for the place to develop. Maybe 3 yr down the road, the place will be slightly better since water front dev by Mahsing started got progress. That time rent contract finishes . Prop price also diff at that area.
Actually rich people that can afford to buy RM800k for staying is not that many in Penang. Price are inflated by overseas people and investor club. Now a lot of investor stuck. Price crash is imminent.
Your friend come from oversea/marikh?Wise penang people will not buy it yet!
@matt
True. Penang house price in island is heading to crash because no sub sale buyer. Condo price will caput first. Followed by landed. There’s just no fundamental to support high price house. Better rent than buy for the moment.
june is coming fast, cannot wait to see if this news is true.
So now is June. Nothing big deal happen. All stay in piece and happy. Just more units occupied by factory workers.
As repoted in THESTAR “Perturbed over hostel for foreign workers ”
http://www.thestar.com.my/News/Community/2014/06/07/Perturbed-over-hostel-for-foreign-workers/
Is it really MPPP can take actions?
Today saw Mudah.my got sell terrace corner orig 2800sqft landed area for just 1.08m. If not mistaken, the selling price from PLB is RM9xxk. Can’t imagine the price drop so much…… and owner might encounter loss
any owner want sell their unit ?? my friend want to buy intermediate unit
come out newspaper already. can settle liao. huat ah.
I’m interested in the intermediate unit. Any seller please email me to rikikit@hotmail.com
Received letter from goverment for not allow to rent the unit for foreigner workers.
Seem that MPPP is taking a real action now. Good news for the owner. Price should hike if all foreigner move out.
LOL, under what jurisdiction or law that the state goverment can issue such a denand?
Don’t bluff lar, last time said foreign worker all gone by June. Now say got letter. Hard to believe lor. Got such law for them to issue such letter meh? Later federal gov come find them again.
This project is DOOMED.
I am not sure what can the state government do.
But the house owners at my row has terminated the contract with the agents.
Two units has moved out, another one is moving out next month.
@wkss
That’s a good sign. Any recent transactions? From mudah looks like pricing for intermediate is asking for 900k++ now…
@Wayne
Sorry, I have no idea about the transactions.
looking for 2 terrace In prestige V. dear owner, kindly propose via email: icemanchin87@gmail.com. Thanks.
http://www.mudah.my/2+Storey+Terrace+Prestige+V-38484766.htm
CCS, RM800k now….want ?
where is the actual location?
can not search from google map
Dear Seller, Looking for terrace In prestige V. Email me at yunhui98@gmail.com. Thank you.
Interested in prestige v at this moment.intermediate unit.for own staying.no agent, please. Appreciate if can contact me by leaving your comment at below.price range above rm800k above.
This is a bangla village
Dear owner, I’m looking for a terrace unit. Please email your price at edchuah777@gmail.com . Thank you.
Hi owner, I am interested buyer looking for intermediate unit. Pls email me at lchia2@yahoo.com
No agent pls.
im interested to buy, plz email ur contact to ryanlohpg@gmail.com. thanks.
I keen to buy a unit, please contact me oceanocy1368@gmail.com. No agent please.
need few unit for worker hostel
any owner wan rent unit?
Hi, I plan to rent out my unit. Interested pls email me at cocwarrier1992@gmail.com for more details.
No agents pls. Thank you.
plan to rent out my unit. Interested pls email me at vincent2yc@gmail.com for more details.TQ
Interested to purchase a unit here, owner do email me at englee87@gmail.com