samwise :
@sokohaw
Typical, cant accept truth about the peak’s major defects. Everyone knows. Hard to sell. How can rhey fix huge cracks at roof top with silicone only. Swimming leaking into the bottom car park. I know all these defects are hard to fix. Best to avoid.

Aiya, when did I say the Peaks got no defects? If it is the truth, so what? Why you worry?
Just like you guys don’t like people to mention about Tamarind bad points and refuse to accept the “truth”, exactly the same scenario also ma…..
Luckily I cancel my Tamarind booking as I don’t think Tamarind can be as classy as I imagine, by having so many “proud owners” over there……I worry 4 years later the same group of people will reveal the “truth” again after they sell off their unit.

@sokohaw
Just read how you market the peak on Mont residence and then say that you don’t believe Tamarind can go for rm700psft before it’s launched. Let’s face it bro, Tamarind is a better deal. Some units were even sold for rm600psft at the Tamarind. All emotions aside and think logically.

You also claim mont residence can go up in price after a few years. Clearly trying to market mt Erskine area because your unit is in the same area.

At the end of the day the market will decide. So no worries.

I visited the peak before, I also agree that there are many defects there.

@sokohaw
We are just discussing the pros and cons and similar deals on the market this year. As consumers, we need to compare which project is a better buy before committing into it. For the price range of rm600-800k, I can think of the peak,mont residence and tamarind.

Location- tamarind wins
Quality -tamarind wins
Package- tamarind wins (kitchen, air cons, timber floorings, bathrooms done up, SPA and legal fees)
Branding- tamarind
Price- tamarind cheaper

Anyway, it is 95% sold in 10 days. Probably the fastest selling project this year.

@Ray
Really salute u guys lah, anytime also concern about The peak condition. Finally still compare peak & tamarind. I wonder r u guys lack of confidence n trying to seek for supporters to gain more confidence? Must b fresh investor……(sure excited n tell me u own many many properties later)
No matter what u say, Purchase price of the peak was 300k-400k, even we sell it at 600k, still untung, it’s the truth now. For your Tamarind(the best project ever….) can they fetch 900k to 1M after 4 years….uncertain still, that’s the truth as well. 1M to buy a unit facing concrete wall 40-60ft away is a joke to us, I don know how about you?

@Samwise
Bro, ya lah ya lah tamarind the best tamarind wins all lah. Still non stop comparing? Whats the point to compare again n again? As long as we are happy with our purchase , that’s it, why need to compare?

Of course la. I sold my Peak at good price also. I made my money and run. We are talking about current market price. So Tamarind a better buy of course. Let’s see after 4 years. Don’t know about your 1 million info. I bought my tamarind for rm675k only.

@Sokohaw

@Sokohaw
we just give u some advice only, In future the peak also need facing concrete, Ohm project just infront the peak. Before this project built, u still hv time to move ur investment to tamarind. After 4 years later, tamarind complete if u r tenant, u will choose tamarind first or the peak? after 4 year the peak will be old and the tenant will start move to tamarind.

The Peak is already old. Look at all the defects and leakages. At least with Tamarind, I know the same contractor for Quayside is used for Tamarind. Peace of mind.

@Samwise
Actually i also sold my the peak unit is for stand by buy new project OHM, but after consider many factor i change my mind to tamarind. Because Tamarind hv too many Win factor compare with project Mount Erskine area. Location (Near Tesco, Tenant will be consider location first ). Quality sure not worry. The package is most attract me (Only 5% sign snp, snp legal & loan legal fee is Free ! ), Renovation part i can save another 40K cash)

@Tamarind
You are exactly right bro. You made the right decision. Besides, STP 2 coming soon. It will push prices up for the Tamarind in the near future and once it is completed. There are just too many good points about the Tamarind.

@Samwise
All the Contractor, Architect & Architect landscaping for Quayside is used for Tamarind

Wah, another Tamarind supporter joins the group liau, call himself “Tamarind “some more. Still promoting as what u guys are talking in the Tamarind forum? Don’t you feel tired?
So satisfied with the purchase still need to share each other every day meh? Just wonder…..

@Tamarind

I am a Tamarind buyer. You are right, same landscape architect as Quayside. However, the same landscape architect is also used for the low cost flat in front (now under construction). If you don’t believe, go check yourself.

So, does that mean that the low cost flat will be like Quayside?

This is Peak Resident forum site or Tamarind forum site?
Must be losing the way man, can someone guide them?

They are loosing their faith in their incredible Tamarind. Living in fear now. Don’t bother them.

If I am living at the peak, I will be living in fear of the value and all the defects and leakages. Ivory won’t do much to rectify the defects now. They are cash tight.

@Samwise

Tamarind is built on tsunami area, very safe la. lol.

@Ma
the peak built on cemetery area. So very safe la lol.

It ‘s safer than living near a TNB power station and Tsunami area.

@Penang
So the expats pay top dollars rm 6k to stay at tsunami area rather than rm1.5k for the peak. No wonder you choose cemetery area. Make sense to me now. Oh don’t forget the leakages and defects. They use silicone to seal off huge cracks on the roof. I guess that’s very safe too lol. If it rains heavily, your unit my flood also, windows leaking water, real tsunami in your unit haha.

@Penang
I used to own the peak. So my comments won’t be bias. I am just sharing what I know of the Peak. Defects and leakages, major ones. I made my money and I run, but if you ask whether I will pay rm600k for the peak. I won’t. Back then I paid rm300k. Lol.

@Samwise
What make you so sure you can rent Tamarind for 6k ? Tsunami is too dangerous
compare to cemetery.Leakages is just minor but Tsunami will bring disaster to
that area and even death. Have you heard of people died from leakages ?

For your info, I don’t have a unit in The Peak.

@Penang
That’s why you are still stuck haha. People already made millions from STP1. tamarind easily rm2.5-3k a month lar.

Slowly wait my friend haha.

@Samwise

When Tsunami strike is a disaster and often associated with deaths.
When you had made millions you are not expected to be here
shouting about Tamarind. You should be talking about super-
condo that is costing RM 3 to 5 millions. So don’t bullshit !!!!

Frankly my aunty was looking around to buy for own stay but she said looking at the boulders behind The Peak scares her. She is afraid of landslide or worse case like Highland Towers in KL. So she went to buy Tanjung Park .

Does anyone know how much it costs for The Peak Executive Garden Suite?

I don’t think we should compare apples to oranges. Tamarind is commercial/exec apart and The Peak is residential. Just like the maintenance of commercial SOHO vs residential Suite is different.

@Gem
Hi Gem, I m interested to rent a unit at The Peak. May have ur contact number?

Hi owners of The Peak

If you have any fully furnished unit at high floor for rent, please email me, wendywcmy@hotmail.com. Only clean and tidy unit please. No agents please, only direct deal with unit owner.

The Peak Residences will appreciate high price above RM700-RM900 psf when RM rout and land is scarce in Penang. Defects and leakages are normal in all condo units but must ensure the Mgmt Committte members are doing good jobs to rectify and repair them. Last but not least, the coming up new condo units by OHM Group next to The Peak will help push up higher value of prices surroundig Mt Eksrine areas ( formerly shy away by investors due to cemetry lands nearby)

Have Faith and Value Investing well in Properties here. TQ

@Alwin
The peak is will become the worst condo in this area. Skydrige garden will drag down the value of The peak.. & block the entire view.. Currently all the unit majority of them rent out become homestay….poor appreciation after this.. Even the banner been hang out near guard house telling no home stay.. allow. Even latitude also selling at 900k only.. Tough time for the peak..Now ohm lauching at 700k to 800k.. The peak sure drop the price..

Just share my views here.Whether the Peak becomes worst condo as you suggested,I’m not so sure but one thing I can say is that those who bought the Peak earlier already buy one made one.So whether the view is partially block or not it is not so concern.I’m also not so sure this coming project will be block or not in future as there is a vacant land in front.To me,it depends on individual priority and of course our budget,everyone also would like to stay at Gurney Drive but can we afford at such difficult times.

@Phang
Confirm is fully block.. Skyridge & Mount residence will block. Good luck. Those who buy for stay become no privacy..homestay alot.. Very bad.. Look at the subsale. It is only 580k onwards. Soon will drop more because of skyridge.. The peak become bad..

Mary :@Phang Confirm is fully block.. Skyridge & Mount residence will block. Good luck. Those who buy for stay become no privacy..homestay alot.. Very bad.. Look at the subsale. It is only 580k onwards. Soon will drop more because of skyridge.. The peak become bad..

Typical kiasu people, so happy to see something bad happen to others. Nothing to do with you even the price drops to 500k, the original price was 350k to 400k anyway.

Someone is trying to sell his Latitude (1500sf) for RM820k. But according to my agent, the price will go down further to around RM730k.

@FongEe

It will come down lower than RM730k. No need to argue, it will.

Ya sure will, according to my agent the price will be lower than the Peak eventually. The owner might offer free legal fee & stamp duty + one new car some more.
Skyridge & Mont residence will also offer less than 700k per unit sooner or later, according to my agent as well : )

Fair :
Ya sure will, according to my agent the price will be lower than the Peak eventually. The owner might offer free legal fee & stamp duty + one new car some more.
Skyridge & Mont residence will also offer less than 700k per unit sooner or later, according to my agent as well : )

tamarind, quayside, the light, the loft, the marin, ferringhi residence 2 will offer less than 700k sooner according to my agent

Good times are probably over at least for time being.Those who bought the Peak are laughing all the way whether you’ve sold it or still keep it,you still made a huge profit despite the current market price which is rather soft due to many reasons.As for some who bought this year,I’m not so confident you will make that much.Lets say you booked a new condo for 850k,do you think it is possible to sell for 1.4m in 3 years time.I maybe wrong,just my opinion.

@Phang

If you have renovated, and still cannot let go or rent out, it is actually bleeding your bank account slowly.. few k of monthly installment is not a small matter for many investors. Things can get worse.

Yay, crash has started 😀 !

Auction Price RM 558,900
Auction Date 20-Jan-2016 (Wed)
Tenure Freehold
Built Up 1,100 sq.ft
Listing Type Auction

Unit No. 1B-6-6, Persiaran Halia 3,
The Peak Residences, 11200 Tanjung Bungah, Penang
Apartment

@peter
This so called condo The Peak… Nobody want.. That’s why price drop already..

Hi peter,

There will be many more to come. Check with their management office, there is a 50% default rate on maintenance fees, with about 20% owing more than 2 years.

Anyone staying at The Peak or surrounding area but working in Bayan Lepas? I know traffic will be problem but I would like to know what is the average travelling time during peak hours?

@Amanda
The peak..to bayan lepas is 45min..
Now price drop for the peak..high density & many tenant.. Location soso only..
If u really want go for the peak..i think after CNY is good buy.. I believe price might drop further Around RM540k to RM600.. Market slow..

Travelling time from Mt. Erskine to Bayan Lepas only 45 mins. ? Must be driving
at night time after 10pm.

I think prices have peaked at it’s peak at The Peak,

in fact the price of The Peak has fallen from it’s peaks,

I will difinately take a peek at at The Peak if it drops to 400k.

But I hope I will not be labled a peeping tom for taking a peek at The Peak.

After all, the peeps at the peak of The Peak can easily peek into other peeps houses too if it piques their interest.

I think this comment about The Peak has already peaked, thank you all for peeping , try saying this comment super fast … 😀

@peter

Haha…..A dash of humor is exactly what everyone needs during this gloomy time.

Bravo!

Hi, i’m direct buyer, interested to purchase 1 unit @ the peak 1000sf unit with 2carparks.
Prefer direct owner purchase.
Interested, pls PM me
tsh924@yahoo.com
thank you!
ET

peter :I think prices have peaked at it’s peak at The Peak,
in fact the price of The Peak has fallen from it’s peaks,
I will difinately take a peek at at The Peak if it drops to 400k.
But I hope I will not be labled a peeping tom for taking a peek at The Peak.
After all, the peeps at the peak of The Peak can easily peek into other peeps houses too if it piques their interest.
I think this comment about The Peak has already peaked, thank you all for peeping , try saying this comment super fast …

Why not go to circus and be a clown? Nothing funny about your comments. Loosers always happy when things get worse, just to hope everything crashes and everyone lose……just like you……
Why so happy? The original price we bought was less than 400k, even sold at 500k, what’s the big deal? You want at 400k? Go for affordable house better, new unit some more : )

I wouldn’t even take a peek at The Peak because it’s located in a secluded area.

Frankly speaking, The Peak has a very grand and extraordinary outlooking among all condos in Penang. Will rate it 8/10.
Current selling price is very reasonable and value for money compared to those at Quayside.

The Peak drops to 400k.You just have to slowly wait,wait and wait……………or maybe something drop from the sky.

Someone is playing a game to influence sellers to sell at low price so they themselves can grab this chance to buy a unit.This is a phychological game to trap desperate sellers.

Looking at the potential of this property, the upcoming adjacent projects like PIL highway, LRT stations in Tanjung Tokong and Gurney Wharf will definitely spur more interest into it and also surrounding condos.

If the surrounding projects like The Latitude and upcoming projects selling at 500+psf, you think The Peak will drop below then that?

@Ranee
ranee you are just full of cowdung haha

Likewise The Latitude will has the same fate as the Peak, same location.

The proposed track in Tanjung Tokong is a monorail and not LRT, which usually has lesser capacity compared to LRT, like those in Bukit Bintang, KL. Those traveling from Tanjung Tokong to Bayan Lepas still need to interchange at Komtar.

Hi, if possible price will drop RM500k? My budget only RM500k.

@Amanda
The monorail is still a plus point for residents in this area.They can drive to the station(about 15 mins)and park their car there to catch the monorail to KOMTAR for whatever destination thereafter.It is still consider a viable alternative transportation solution.
For properties surrounding the Tanjung Tokong monorail station, the prices are surely more expensive than this area.

Hi, i’m direct buyer, interested to purchase 1 unit @ the peak 1000sf unit with 2carparks,
for own stay below 500K.
Prefer direct owner purchase.
Interested, pls PM me
jackyclong@hotmail.com
thank you!

Hi,
I am interested to buy a unit for my own stay.
My budget is around 500k-550k. prefer direct owner purchase.
Please contact me if interested to sell.
gks6043@hotmail.com

Beware of Jamie chan Siao Hoon contractor..cheating of carpenter and client money..keep delay of work and delay of payment for curtain..owe carpenter more than 20k and curtains more than 15k…cheat client more than 20k worth of renovation…

@Gan
Many are selling from RM530k-560k,you can go property guru or mudah.com to check out more

I estimate that The Peak Residences will be from the heart , and now into the hands of a good time.good luck,,,

The peak price soon will up to RM650k above by next year..So those want to buy faster grab a unit..or else no chance already..

The Peak Block B is the better choice..

ofcoz for sure the peak price will up up up again asap.

@The Peak
You must be kidding..or typo error? Start from RM560k next year?

Personally felt…the peak asking price drop due to future project blocking the view &surrounding new project asking price low..causing by slow in property market. And the surrounding environment not that good..

Hi, i am direct buyer looking for 1 unit at The Peak, 1000sqf, middle floor with 2 car parks for own stay. My budget is below 500k. Prefer direct owner purchase. If u have any unit to let go, pls PM me, gbteng@yahoo.com
Thank You.

I am a direct buyer. budget below rm500k looking for middle floor. Prefer direct owner purchase. If u have any unit to let go, pls email me at cheahpet@hotmail.com

Thanks

Looking for a unit here around 500k is rather impossible. Prices have stabalised. Affordable unit also cost 460k already. Predictions that next year property prices will increase. My friend who stays here told me this condo is well managed now and maintenance collection under control. All car park area including corridors are being replaced with LED lights and that cost a fortune. Pls ask around if you don’t believe. Things have changed for the better.

I’m choosing between properties in this area but I’m very concerned about the traffic. There’s only 1 road now to go into this area afaik. Is there any chance of new road connecting to the main road?

Direct buyer here looking for 1 unit at The Peak, 1000sqf, middle floor with 2 car parks for own stay. My budget is around 500k. Prefer direct owner purchase. If u have any unit to let go, pls email me, hunghung5629@gmail.com
Thank You.

Hihi. Just to ask if this development still have seaviews??

Heard kena blocked by other condos? How true?

Am looking at this development or 10 island resort.

Hi,I am a direct serious buyer looking an original unit of the peak for own stay,corner lot or 1000sqft (block b or c),middle or high floor,budget 500k-550k with 2carparks.prefer direct owner purchase.if u have any unit to let go,kindly email me, ooikl5886@gmail.com.thanks.

Direct buyer here. Low floor and original unit. Budget around 450k. Can email me chaiyu83@yahoo.com

I am looking for a unit, budget around 700K, serious buyer kindly drop me an email

@nene
Hi nene, let me know if you still looking for a unit. you can provide me your email and contact.

@Samwise
I had a look at tamarind it is crap, the rooms are small and the feel living in there would be same as if I stay in a storefront. Price for rent way over top compare to what you get elsewhere. the peak is an area ok for living for expat, especially in a garden suite. no not perfect, but we are in Malaysia so here is nothing perfect ppsqf is a good deal now at the peak. Skyridge is nice because new but my struggle is if skyridge cost 2000+ for 1450sqf and peak garden suit is 1600 for 1750sqf (Rentals), and compared peak wins.

But if you owners want do something for expats and make money on it then there would be a start isolating the units so that you not have on 1100sqf an el bill of 1200+MYR Electric bill. That could be cut in half with a little work on windows and doors. But as usual here everyone just want make money and do nothing for it. I would never buy at this prices with this quality what is here delivered.

Rent: max 1RM/sqf
Buy: equal to it. Depends on area Floor and sqf. but nothing you resellers can offer without putting some work in it first.

TIP OF THE CENTURY: WORK HARD AND GET PAID FAST, or Pray and hope to maybe get a fool in your lifetime.

@Andreas

With Santorini coming into the market, The Peak will be f7cked! An agent told me there’s already about 15 households of kor/jpn/chn with budget of less than RM 2k under her agency alone waiting to move from The Peak to Santorini once the units are ready for occupancy.

Tip of the century : If you don’t know what you’re saying, better keep quiet.

i am The Peak residential Sub Sale house owner, Still staying in this corner unit No:1 at Block A, 1100 sq. ft. 2 nos Car Park. Fully Air condition and Bathroom fitted with water heater tank. Looking for valuable buyer. RM650K…Price can nego. Kindly contact me via email at cheamch@gmail.com. Siapa Cepat Dia Dapat. Terima Kasih

@CHEAM CHAI HOCK
Tak mau lah RM650k. Rm550k boleh fikir lagi.. Super crowded & illegal parking at road side..

It’s really fun reading thru the comments with people here years back fighting over whether The Peak is better, or Tamarind is better. And looks like in the end, today, The Peak is going at around 500k in resale market, as compared to about 600k 5-6 years ago, I guess. For Tamarind, it can be considered a failure too as the rental is extremely low (compared to purchase price), and owners have been making a loss selling their units in resale market since taking VP.

Also, someone mentioned I-Santorini too in here, and surprisingly today (surprising coz it is actually an affordable housing project and leasehold), it seems to be the best performer compared to The Peak and Tamarind, with very good rental yield, very popular with renters, and a steady capital price appreciation over the last few years.

@foong
Yes.It’s very subjective to see this condition around some saId The peak Santorini Tamarind. To be honest, overall are gaining over year as The peak Santorini provide a low entry price in market for buyers. 1st hand buyers from The peak 200k+ even now 500k or 600k also no harm as entire market also facing uncertainty where supply more than demand in that area.
Isantorini another low entry for 1st buyers as 300k or 400k only so very much space, convenient access & better viewing great facility are all factor to drive value up. As of Tamarind some tower start launched with 650k+ some with 1cp that’s the minus point for Tamarind where some unit actually block by other building as well. And current market still launch with smaller unit where supply going to pump in this area at least another 3000 units in this area. If those condo in medium range cost then definitely will see some fluctuating in price as maybe urgent sales or low holding power. FYI, more houses coming up in this area specially Andaman & that’s some affordable house too to be in this island. Plenty supply coming in. No surprise to see some drop in price as oversupply now in Straits quay.