999 :
Not even piling yet already win awards ah?! How did that happen? Come out workmanship like shit also nevermind lah??!! Like shit still award winning right? Hahahaha!!

This is design award. Not quality award.

@Lim

I can only say art is very subjective.

@biscuit
Actually is not easy to win an international award. This award are judged by international judge.

This is for sure will be a new landmark in Georgetown.. Proud of it.. But not yet start anything.. IVORY got any cash flow problem???

@CEO
Ivory is working on it already.. Next month should have start already.. No more condo we can get with such a strategy location in Georgetown.. Awaiting on it..:-)

@Luxury Condo
This penang award project not yet start??? Haha…so long still no action.. IVORY… I worry.. Let see hw fast IVORy can make it to complete.. 2017 need complete. Now still drag drag drag…huhuhu..

Any progress on the Wave? good/bad news to share? Appreciate!

@The Wave
Still no progress…very slow… This project already fully sold out or still available? Not much progress actually.. Anyone hav latest update of progress on this project time line….???? Pls share…

” Half Dead “

sold out but half dead..

Sold out but half dead? That could mean 2 things :-

(a) Really sold out, but the deposit collected + developer’s own money is not enough to start work because developer has been giving “rebates”. So the nett deposit collected is maybe only 2% of purchase price.
(b) Not really sold out, with a big bulk of units “bought” by developer itself. So they are still trying to push their units quietly.

So at least they’d have to wait for the completion of eh…what’s the name of the condo beside The Peak and the grevyard…to free up some cash to start work for The Wave.

@debbie

Ivory is a pariah developer, don’t expect much. City Residence buyers waited for 5 years from initial deposit placing, with rounds and rounds of layout+unit size+pricing revision before work can finally start.

Although The Wave was marketed as an award winning building, the award is actually based on only paper design. In other words, they are just trying to build a car that “looks” like a mercedes but using proton material. Again, the award it won can easily be”bought”.

Once latitude finish then Ivory only will start for The wave..service residence for this project is not cheap….1.3M now with tag price.. Only foreigner might interested..

1.3M were you referring to THE WAVE? you probably mean the larger units or the penthouse?

Now smallest unit 1270sqf start from RM1.1M above already.. Penth house 1.5M above… If u want buy 1.3M for penth house can refer to phase1&2… Even the normal unit for phase 1&2 already at RM700k+ to RM850k..

You can even put it from RM 1.6M for 1270 sq. ft. if you wish !!!!! Just dream
on…………………….

@Reality
Another sour grape come in…lol…

@Reality
Got dream only can come truth ma.. 5 yrs ago ppl say RM700psf is crazy & impossible.. But now is everywhere.. Haha..The wave RM1.1M should be 1300sqf++

Will face the same fate as Birch regency.

@TGT

Foreigners won’t be interested too because the location is neither here nor there. It’s not in the heritage zone, and yet not in modern upper class area. But ivory has no choice but to keep bulldozing ahead.

@blu
Got alot of foreigner japan&Korea staying at phase1&2..Latest transaction at phase 1 is RM730k high floor fully furnish.. Phase 2 birch regency seen smaller in unit size.. Seen like the entrance of phase 2 is at the behimd..

Any link to latest onsite picture? I saw something in construction but not sure if that’s The Wave!
Appreciate for sharing.

@Jack

Reno and furnish usual cost RM100k+, so RM600k for 1300sft is the fair market value.

@ciao
Sure.. No problem.. If you can get in this price.. Congratulation..RM500k also can..as long as owner willing to sell..:-)

ivory, sucking ppl money… somemorey TOU KONG JIE LIAO, my friend as a contracter there.. this is what he told me.. beware of the high building. hope it goes well too^^

Whats the price now?

20 percent of the units still available. Most of it on the inside facing units. Smallest unit start from 1300 sqft. price at 1.07M and above. Just visited Ivory PTS office. The mall indeed is dead for now.

Too expensive now.. 1M above.. Anymore new project in town??

Any progress on this project?

Already reaching stage 3 and asking for progressive payment.

To all owner or investor that is buying “The Wave @ Penang Times Square” as a resident to stay please take note that the wave is a service apartment people are able to do Short Term Rental (1 or 2 days rent) if you are buying for owe stay please take this issue into account, for investor that are investing to do Short Term Rental please take note that currently Ivory have implemented finger print scanner on previous project Birch Regency Penang Times Square(Service Apartment) mainly to prevent people from doing Short Term Rental.

@shtan
Don’t get your point. So if I am owner of The Wave and wish to use it for short term rental, would that be allowed?

I mean by default it should be allow as is a service residence/apartment like birch regency but once is fully sold the JMB / JMC might try to stop it just like what is happening at Birch Regency and Plaza Penang Times Square, Penang Times Square is like IJM Maritime, you can easily search online for Maritime Waterfront Hotel, is totally converted, so resident there who bought for own stay might have problem.

@shtan
This is a tricky situation, but base on the fundamental, by law, who has the say?

For property under commercial title, one should have the right to use the unit for office purpose. However, JMB or MC thinks otherwise, as most probably the majority of the owners are looing for own staying, or only residential renting.

@sww
For Penang Times Square Birch Regency or Plaza as I know it is commercial land title and the apartment above falls under service residential/apartment, as I have get to know the situation at Birch Regency Penang Times Square the JMC and JMB is introducing a purely finger print system and asking owners and tenants to register their print to access and disabling all the access cards, now I wonder if this is legal by forcing the owner to register their finger print.

Birch regency and birch plaza are residential title. All the electric, water and cukai pintu are residential rate. So the home stay or short term are non allow in all the residential title. The JMC and JMB have the right to sue the owner that run the home stay. It just like the JMC of gurney park are successful to sue the owner running home stay to the court. Finger print are a good move in furture because access card can duplicate but everyone are having difference print. It protect safety of the residents.

@Lim
Oh is it you must be one of the residents there that are buying the wrong property or are of knowledge of what are you talking but may be I am the one that is wrong, but to my knowledge there is a Vacation Club House running on Birch the Plaza know as easturia http://www.easturia.com.my/ own by the Sarawak Government, if you go to the website you will see PTS advertisement inside there and why I am not seeing the so call JMC/JMB sue this company? can you please explain the situation?
If you cannot explain that it mean because it is own by a Government that why your JMC/JMB are scare of suing them?

@shtan
And to my knowledge Gurney Park is residential so you will see a big red signboard saying that no Service Apartment guest are allow, if Penang Times Square are residential please ask the JMC/JMB to put this notice up.

@shtan
That is only happen on the phase 1 birch plaza. But phase 2 birch regency are so far ok. I think only phase 2 are apply the thumb print so far.

Anyhow Penang Times Square is “DEAD”.

At Penang Time Square Phase 1, a lot of home stay guests jumping inside the swimming pool without showering and wearing the proper swimming attire. There was even stools in the pool. Too many outsiders coming for a swim, contaminating the water. I went for a swim at the invitation of my friend but i quickly got up when i saw a group of people swimming wearing t-shirts and tight shorts or just shorts jumped inside. What can we say???

I used to come back to Penang and stayed at my parent home (Birch Regency). Initially the residents there have no objection to homestay. They are just worry about the future when the homestay operators become too greedy and go out of control. The homestay operators should operate at a low profile level. Not too many units. Must restrict the number of guests per units. They should not provide too many beds or mattress in one unit. It must be a win-win situation. Owners who rent out the unit to homestay operator will get their money. Residents living there will not be disturbed as the number of guests per unit are low.

There should be a restriction on the numbers of guest in one unit. I believe there are law on this. The homestay operators should think of the residents too and not just $$$. All will have a WIN – WIN solution.

Any progress on The Wave unit? Thanks for sharing.

Nothing yet. Wave plan have been rejected on May 2015. Ivory will have to submit new plan for MPPP to approve. Still a long way to go. Heard that Phase 4 have been cancelled and money have returned to buyers. Heard that a local company have bought up phase 4. Hotel coming soon ….
Good to have a hotel there. More small hotels will also be coming up around PTS. Along Dato Keramat Road.

Korean shoplots are coming to phase 2 by end of the year. Korean will take over all the lots in phase 2.

@WAVE
Not true. Pelan Bangunan for The Wave has been approved in Dec’14. I am not sure whether the APDL is obtained, but I have seen the advertisements in property magazines and newspaper, e.g. The Star. Also, construction has started, and has disbursed the first 15% from buyers and banks few months back.

As for The Central, I have no clue. However if this is true, we should have seen comments from those who have booked a unit. So far no single news, so quite hard to believe.

@tww

Where can you see “The Wave” around Penang Times Square ? North, South,
East or West ? The building is not even started !!!!!

Already started but slow pace progress. Now latitude completed, the attention move to The wave..

@Untung

Started where ? In your dream ?

Be careful when you purchase Wave. If you intend to use it as a service apartment/homestay, check with the MPPP first. Ivory stated ‘SERVICE APARTMENT’ in S&P. You need to get approval from MPPP first. For MPPP, they want the whole apartment to be operated as a service apartment and no just a few units at these level and a few units at the other level. The whole apartment must be managed by one service apartment management company and not a few.

MPPP require two car park per unit too.

If you don’t have the licence from MPPP, then you are ILLEGAL.

Usually during the first two years after the OC, illegal service apartment/ homestay can get good profit but after the 3 year most residents will move in and the illegal service apartment /homestay will face problem. They will need to move to another new apartment.

@WAVE

If those had purchased Wave would have “committed” suicide !!!!! So no worry.

Finally, this project start Pilling. Hopefully Ivory can seriously doing this project. It will be the last chance ivory to turn time square alive.

@Island
You miss boat?

Phase 2 have started the renovation. You can see wall torn down. Tiles on the floor been replaced. Very dusty at Phase 2. Korean are coming. All the shoplots have been take up by korean investor. It look like phase 2 will be much better than phase 1 soon.

By Jan 2016, Penang Times Square will be totally different. No more empty mall.

It is expected that more Koreans will be renting the residential apartment above.

If you don’t believed me, go there and see it yourself.

Take the lift next to Soju and go up to level 2,3. Go to the ground floor too.

With the LRT and tram project, property’s price at Birch Regency/Birch the plaza residential will soar

As for the WAVE, it will still be a long time to go. No progress yet. You can see it yourself if you go up the carpark at level 4A and 4D. I predict Wave will only start Jan 2016. It will be completed in late 2019.

@WAVE
This project…no movement.. Already delay so many years. No piling.. Move here& that.. Doing show only..

@Bas Kilang

Hahaha..haha…haha…. too lucky for me I didn’t commit suicide.

Just sent out the progressive billing. Schedule 4a – completion of foundation and pilling.

I purchased a middle floor at Unit 7. I do think it is an excellent investment in view of the strategic location, there should be no problem to rent out the unit.

Better buy the current completed project like phase 1 or 2. Wave too expensive. Have to wait for 4 more years to move it.

Penang Times Square phase 3 & 4 shop mall have been bought up by a chinese company. Finally it can start building phase 3. By Jan 2016, after submitting the mall plan for approval ? Hopefully….

Hahahahahaha …………hahahahahaha………ha …….all dead by now.

Waveless :
Hahahahahaha …………hahahahahaha………ha …….all dead by now.

This just goes to show how immature/childish the person commenting is, judging by his/her laughs.

@penang_kia

Hi guys, he is trying to say something but out of nothing. Very naive.

Another multimillion project in Georgetown..Summit 191& The Wave another hotspot for multimillion property for singaporean& oversea investors to buy..

Should be coldspot for investors.

Yes. Cold spot for local investor..

Finally this project already started. Cheers… Long waiting

Even coldspot for foreign investors which had already known.

@No Wave
Yes agree. The house actually very cold.. Very nice.

@Eason

Cold but buyers are sweating profusely as it will be fated as the Birch Regency
in Penang Times Square.

I still think that this location are very good.

@No Wave
Yes.. Buyer are sweating& exciting same fate like birch regency.. The mall already full with korean tenant. Opening next year.. Brand new..

@Eason

There ain’t exciting but deep sweating all the way.

@No Wave
Yes..deep sweating all the way looking at the tenant to fully fill up soon.. Wave will shine our georgetown & is fabulous landmark.. New icon building in georgetown..

@Lim

Technically speaking, the location is somehow good. Good in the sense that it is near the heritage town, so that’s for tourism. Whereas the location is not suitable for residential due to various reasons. However, tourism in penang is not that hot anymore. Most tourists are disappointed with what they can find here, amid all the initial hype.

Various so-called “attractions” in georgetown are pathetically setup, they look fake, do not represent our local culture, and lack substance. Many tourists shake their heads seeing them. So tourism is loosing it’s momentum. So with tourist arrivals dwindling, an oversupply of tourist accommodation such as the Wave is imminent.

can’t wait to see how long the korean tenants can survive.

@Eason

More bankruptcy on the way.

Please need your advice,am looking into buying The Wave?

@No Wave
Yes. No pain no gain.. This is business. Never try never know..
More opportunity after the wave completed..

@Eason

Too many pains but no gain. Should not even try.

@No Wave
Never try offcourse totally no chances. I bought The wave RM650k only….now market value.. RM1.05M
Don’t scare try. Must action.. Scare pain sure won’t success. That is no perfect property in penang.

@Eason

Really RM 1.05M market value ? Launched in Dec. 2011 and even the foundation
is nowhere to be seen.

@No Wave
That’s why…u are not updated yet. Please go & check share us.. Tq.

Eason :
@No Wave
That’s why…u are not updated yet. Please go & check share us.. Tq.

I am worried that since price had increased nearly 50%, developer only collected 15% money,if they default, next developer (in new name ) can make more money. Is that why the delays?

@Eason

Nothing to check, money going down the drain.

@Eason
Better update yourself before you say the next thing.

@No Wave
Thats why u no update yet.. U don’t know the progress & update..:-)

@Island
Not even want to check. That’s why totally give up & don’t know. Already done the foundation& piling.. Continue with progressive payment..

Business is full of trickery, something like this delays, 4 years and only start some piling to collect more money, please need to investigate.

@Eason

Progress like tortoise speed. Tell me which part of PTS already done the
foundation & piling for the Wave ?

@No Wave
No need to tell u because u not interested on this project.. Wasting my time only..

@Eason

No need to tell because there in “NONE”. No pilling for Wave existed.

@No Wave
Wah…. Okay boss.. You are right. Happy?
So latealready still reply.. Seen like u really worry. Once piling start pls update here. Tq

No Wave :
@Eason
Too many pains but no gain. Should not even try.

http://www.ivory.com.my/SiteProgress/TheWave_Progress.html

piling completed base on what I have been told by one of the buyer. Ivory has already charged the progressive billing and bank has already reimbursed the sum.

@hdst
Yes… Already in fast progress now on piling work.. Might completed by end of 2018..

Visited site,some palings,but work not progressing as expected.

By the year 2020 everything nowhere to be seen.

By 2020..Entire project will completed.. The wave is more than1M above..

By the year 2020, all will be flattened by “Big Wave”.

By 2020 Georgetown Penang times square will be another new landmark..

The remaining land already sold off to build hotel. “ONE” stop in PTS.

This is one of the most reputable &highend hotel in penang..

Finally we can see a lot of shoplots opening at phase 2. Very nice mall. Totally different from other mall. Good to have new idea. As for those who want to buy the wave, better buy phase 1 or phase 2 which are completed. Current slow market condition enable us to purchase it at lower price than Wave. Wave just started pilling and still a long way to go.

No Wave :
By the year 2020, all will be flattened by “Big Wave”.

When the “huge wave” strikes all will be flattened to ground zero.

Wow. With the new hotel
coming up and the new shopping mall. that’s definitely another great place for Penang.

@Greater Penang
The question is whether the current economy can sustain these shopping malls ?
Tourists are getting less and we are bracing for a recession. So stop this fantasy
of yours !!!!!!

@No Wave
If u are no interested,no need to critize the project. U can left this forum
From the 1st day till now non stop with bad comment &nonsense fact. If u are here comment with data..we accept.

The wave will completed in 3year time from now & sure is RM1M above. This project is target for foreign buyer investor.. Not for local. And phase 1& 2 for sure will increase too…due to Same location..town area.
Don’t say this is cold spot..as town area will never been.. M summit project& the central almost sold out.. And our georgetown prewar house more than 100 unit already bought& sold to singaporean..

Best place to stay at the moment..

Singaporean bought a lot.. Not only The wave..more than 100+ unit pre war house arpund this area also bought by singaporean.. Those property is for foreigner market. 1M above..
Phase 1 &2 price will up gradually this coming 3 years too..due to similar location in georgetown..

@The Wave

What do pre war houses have to do around this area ? Don’t shoot your own
foot because you are just trying to promote sales.

If u are not interested on this project u can get lost from this forum:-)
Everyone in this forum would like to know more detail on the project sharing of us..
Yes..we are understand u are not interested. Acknowleged. Noted.. No need keep on comment with no fact. U are just making fool on yourself.. We know what product we are buying.. We knew it. But u are never known because you are stand& stare..End up with comment comment bad… Non of property is perfect. It is depend on how u judge &need.

@Fantastic
Which hotel brand is it?

Hope this multimillion project will speed up the work& complete in 3years time…. This will be additional of luxury to the town..

Great progress of this project as of now. Looking forward for this luxurious life style condo. Great addition to town.

Already so many years still in the pilling stage. I worry lol

Good new for homesharing operator. Wave is truly a service apartment. Fully commercial. Water and electricity all commercial rate. Bad new for future residents. Only phase 1 and 2 are residential.

GEORGE TOWN: Local authorities have sprung into action and homestay operators found operating without licence have been fined.

In a spot check by officials from four departments of the Penang Island City Council (MBPP), four unit owners in Birch Regency Condominium in Datuk Keramat were fined RM250 each for operating a business without licence.

They knocked on the doors of 15 units believed to be available for rent on a short-term basis and found four being occupied yesterday – two units by Singaporeans, one by Australians and another by Canadians.

“The officers spoke with the foreigners who confirmed they were here on holiday. We explained that this was a residential block not meant to be treated like a hotel or service apartment and they understood,” said Tanjung MP Ng Wei Aik who took part in the checks.

But one of the unit owners waited outside to have his say after Ng’s press conference at the condominium block.

“I don’t run an illegal homestay. I am earning rental from my unit here and it is my legal right. Please don’t say I am doing something illegal,” retiree Ch’ng Kim Teck, 50, who waited by the condominium swimming pool, told the press.

Ch’ng said there were no laws to forbid condominium unit or apartment owners from renting out their units for any length of time.

He added that MBPP’s Commis­sioner of Buildings (COB) had confirmed in a letter dated April 12 that the Joint Management Body (JMB) had no right to set a rule that unit owners could not rent out their properties for under six months.

“The COB confirmed that we only need to inform the JMB that our units have been rented out and once that is done, all the rights to use the condo facilities are transferred to the tenants,” he said.

Ch’ng claimed that to restrict access to the condo facilities such as the swimming pool, the JMB set up fingerprint scanners so that only long-term residents whose fingerprints are recorded could use it.

“They made all the residents have their fingerprints recorded but we wrote to the police who confirmed to us that only certain enforcement authorities and banks are allowed to collect our fingerprints,” he said.

He added that he and other hosts had filed a complaint with the Stra­ta Management Tribunal against their JMB.

Three of the JMB committee members, who were present in the press conference with Ng, said they were only doing their duties as elected members.

“We get many complaints from our fellow residents about these short-stay guests. We’re just doing our duties to protect the peace of our condominium,” said a committee member who only wanted to be known as Raymond.

Wave buyers. If you are buying it to stay there, good luck. You will see a lot of strangers in and out. Carrying big luggages. Lifts will alway full. Noises at night. Tom, dick and harry pass by your units. No peace. You need to involved to protest but it is a commercial apartment. Surely you will lose. Maintainance fee 25 sen. Phase 1 and 2 just 20 sen. All commercial rate.

GEORGE TOWN: The Penang Island City Council (MBPP) has continued its efforts in weeding out illegal and unlicensed lodging houses.

In its recent check by officers the council’s Commissioner of Buildings (COB), as well as two MBPP departments – Licensing Department and Building Department – three unit owners in Birch The Plaza Condominium in Datuk Keramat Road were fined RM250 each for operating a business without licence.

Tanjong MP Ng Wei Aik, who was also present during the checks, said the officers knocked on the doors of the eight units that were believed to be available for short-term rent but only guests from three units answered.

“In the first unit, the guests were from Jakarta who were staying for three nights, the second unit was a guest from Kuching, who was also staying for three nights while two women from Belgium were staying in the third unit,” he told a press conference

Ng said there were 417 condominium units at Birch The Plaza and it was found that 50 units were involved in the illegal lodging house business.

“Based on all the information given by the management, the MBPP is going to issue 50 notices to the respective owners.

“MBPP issued RM250 compound to each of the three units where we met the guests. This issue has been haunting MBPP the last two years,” he said.

Ng said MBPP issued the summonses under the 1991 MPPP bylaw for Trade, Business and Industries for the offence of operating a business without licence.

“Errant operators who don’t want to cease operations can be taken to court. On conviction, they can be fined a maximum of up to RM2,000, imprisonment of up to one year, or both.

Ng said only serviced apartments are allowed to operate homestays or short stays.

“All residential apartments, condominiums, flats and the gated residential houses are not allowed to carry out these lodging houses business,” he said.

Ask the tax men check those landlord tax submission, put them in jail for tax evasion. Problem solved.

One of greatest project in town. Multimillion…good invest.

What happend to this project? Already 10 years still not complete?
Construction site all stopped yet.

Jessie :
What happend to this project? Already 10 years still not complete?
Construction site all stopped yet.

Like wise Eiffel tower in Paris is not built in a day, but it is the best architecture

@JJ POP
HAHAHAHA… Can’t stop laughing. Compare a residential condo to a country’s iconic building.

@IWORRY
This project is dead. Inflation is high all material cost higher. Did you think developer can complete the project with 5 star luxury condo. I afraid all cut cost & drop to 2 star condo later.
No money for them to complete also.

THIS PROJECT BELUM SIAP AH WALAO EH…
Those who bought this project are u all oK?

@IWORRY
No problem. Why not ok? The design & curve by Ivory are unique & require more time to complete & everything need to do in details. It’s tedious job.
Why you worry? Because of missing boat?

Just walked around the area last week, sadly the condo is kind of abandoned. No work in progress even though most of the facade is done. Hopefully there is alternative way to take over it like Queesbay last time.

Saw the advertisement in FB. Any water fish to buy?

Award winning abandoned project