Platino Condominium

Platino a new luxury condominium, located within thriving neighbourhood of MetroEast-Udini, is set to be the prestigious address of the area.

Distinctive contemporary architecture strategically angles Platino’s two tall towers to take in striking views of Penang Bridge, Georgetown and the sea. Views which residents will be able to admire from the 228 freehold sky bungalows.

The condominium is near to the Penang Bridge, next to TESCO Hypermarket and e-Gate, a retail and F&B hub. It is conveniently a short drive from Penang’s vital destinations such as Georgetown, Penang Bridge, Penang International Airport and Pulau Jerejak Jetty.

Property Project : Platino Condominium
Location : Gelugor, Penang
Property Type : Condominium
Tenure : Freehold
No. of Blocks : 2
No. of Storeys : 25
Total Units : 228 ( Tower A - 115 units, Tower B - 113 units)
Units per Floor : 5
Built-up Area: 1,819 - 2,659 sq.ft. (Typical), 3,850 - 6,405 sq.ft. (Duplex/Penthouse)
Developer : IJM Properties

Facilities / Amenities
Swimming pool, wading pool, Jacuzzi, Sauna, Gym, Tennis court, Pavilion, Landscape garden, Water fall / water features, Security, Function room, All units with minimum 2 car parks lots (basement car park).

838 comments«Oldest ‹Older 201 – 400 of 838 Newer› Newest»

August 13, 2010 at 10:23 PMPenang Fan: Please stick to subject pertaining to Platino only in this forum. Let's hope IJM will do the right thing and give the Platino cheap wire fencing a make over that will befits the word "Luxury". So far it clearly show that IJM do not know what "Luxury" really mean if the perimeter fence is make up of chicken wire fencing and some brick works. Entrance to this "luxury" condo is less then "Luxury" then other upscale condo in comparison. What a joke!
August 14, 2010 at 12:46 AMGnek: Hi Penang Fan,

Waz up, man? You have been busy... posting. What is going on. Are you selling your studio unit?
August 14, 2010 at 5:58 AMPenang Fan: Hi Gnek,

Looks like this Platino luxury condo already has some torny issues before OC. I can see more will be coming.I will not buy another IJM project for sure. If they can short change the exterior finish I can bet the interior would also be skimmed on quality too. IJM project management are idiots to allow such shoddy finish in full display. Who will ever believe in their promise of delivering any luxury condo satisfactorily again. I am so disappointment. Everyone should know about IJM short changing her clients.
August 14, 2010 at 11:22 AMUnknown: Hahaha! Guys, Thanks for the info on inferior luxury condo, really appreciate that for people like me to think twice to invest. I do face a more or less the same issue with another project but what I wish is that what are the actions/countermeasure we can do here.

1. Complain to developers? I doubt they will entertain.
2. Complain to CAP? I doubt they have urgency to look into it?
3. Complain to Rehda? They protect developers
4. Engage a lawyer on cheating by developer?
5. Complain complain complain

Guys please share as i also want to knows what rights do we have as an owner..and what is the next action we can do..I hope to see some expert here and will really appreciate the sharing
August 14, 2010 at 11:46 AMPenang Fan: I checked my S.A.Prospectus and there is no define explanation as to what buyers will expect in details for the public area including the gym(what brand equipment), pool(what tiles and filteration system) and the spects for perimeter wall. Basically it is up to IJM to make their call. This is where the local government should step in and protect buyers like us. When IJM advertised and charges high prices for their luxury condo they should be responsible to build something that will measure up to what they charges. At this point it is really up to the public to judge them and decide whether they would want to invest with a less then honorable developer. But when the market is hot buyer tend to be blinded.
August 14, 2010 at 1:08 PMjeremy tan: I have never like the way IJM deals with their customers.

Just in case if you guys didn't realize. IJM is untouchable. The government owns part of it. EPF and Khazanah has quite a big stake in the company.
August 17, 2010 at 9:38 PMSmile: I also disappointed with IJM. I regret to bought my 1st dream house from them. No show unit... only can see from brochure... up to sale man to promote the property... will have this and that... end up? All is bullshit. NO TRUST WORTHY!
August 17, 2010 at 9:48 PMPenang Fan: The word "Luxury" means top of the line or high end. Green-wire mesh fencing belongs to low cost housing not Luxury Condo. Would someone please take some photos and have it posted before they come to their senses and replaces it? IJM failed to deliver what they advertised and charges.This so call Platino Luxury Condo will forever bear evidence to their deceitfulness. Now lets see if they will install some cheap equipments for the gym. too.
August 19, 2010 at 10:24 PMUnknown: Does anyone actually write any letters to complain in relations to the fencing on the so called "luxury condo" by Ijm. The building is 100% completed. The fencing and the guard house look so much worsen than the bayswater next to platino. I don't think those buyers should get this kind of quality of fence when they pay higher price on the condo.
August 19, 2010 at 11:26 PMUnknown: HAHAHAH!!! This time IJM really make a big joke/trap to the Platino owners!!! Please compare the fencing with Bayswater with nice concrete fencing with much more privacy and looks high class.

But look at "luxury" Platino, only cheapo metal grill fencing on one side, the best part is on the other side using lousy fencing which we only saw that in low cost house (even low cost house they will remove and build concrete wall fencing)!!!

I have not go inside the condo, but just by judging the exterior fencing of it, DO YOU CALL IT "LUXURY" CONDO???? COME ON!!!!!
August 20, 2010 at 12:18 AMPenang Fan: IJM display of this cheap "LUXURY CONDO" finishes will be the best testament to warn others steer clear of their future "LUXURY CONDOS". I was expecting that this will be their show piece but obviously not. It is an act of stupidity on IJM part. IJM decision makers for this aweful perimeter fencing and "GRAND" entrance should be removed and be considered unfit to hold such position.
August 20, 2010 at 2:04 AMUnknown: I believe it won't help much if we keep writing here. U guys should file a complaint to Ijm ?
August 20, 2010 at 8:10 AMUnknown: I agreed with Smile... no show unit and just blindly bought only. I did ask IJM, they keep telling next month and next month since June 2010. Now they said September got show unit to view. Lets wait and see...! Guys, please go to Summer Place blog and see, more picture there, even equipments already in the gym room. Just wonder why Platino have nothing yet and project slow down a lot. Completion due for Platino is next month, whereas Summer Place is next year! Dont know what the IJM doing... fed up !
August 21, 2010 at 10:54 PMUnknown: I have sent photos of very bad fencing at Platino to apartmentpenang@gmail.com.
Hope it can be posted here.
August 21, 2010 at 11:55 PMPenang Fan: Eagerly awaiting Raymond's photos showing the cheap fences IJM put up for their 1st Luxury Condo in Penang. I hope apartment-penang.com will put these photos up fast so everyone can see how IJM cheats the Platino buyers by short changing them with cheap alternatives. There is no justification that IJM should resort to such cheap fencing for a Luxury Condo security wall. They are just profit driven greedy developer trying to see if they can get away with this. Let this be a warning to those who even think about buying their future "Luxury Condo" from IJM. If they can cut corners like in Platino(That's their 1st Luxury show piece in Penang too) they will do the same in future. All Platino owners should write to IJM. Recently IJM said "The Light to contain world-class appeal" I wonder what is so appealing to have cheap wire fencing and less then grand entrance for Platino Luxury Condo. IJM words cannot be trusted. They should stop claiming Platino as Luxury and refund some money to their buyers who fell for their misguided promises during the sales. A lot of medium cost condo have better security- brick walls and a much nicer entrance way then Platino. There is nothing impossible to build if they set their mind to it. Even Penang bridge can be built over a wide expand of water so why not a brick security wall and nicer looking main entrance. It's the just cost that's involved. IJM really sucks!
August 22, 2010 at 6:59 AMUnknown: Look at the photos of the fencing!
(at the top of the page)
The arrow clearly showing there is a big gap at the bottom where anyone can crawl in. Thieves will have a field day. At least in Bayswater, they put up concrete base to tie down the wire mesh.

At the top, there is nothing to prevent someone from climbing over. Not even barbed wire.

Anyway, the whole fence look very cheap skate. A person with a simple wire cutter can get in less than 5 minutes.

THIS IS IJM STANDARD FOR LUXURY!

So, whoever want to spend over RM900k here better think again and again!
August 22, 2010 at 9:40 AMPenang Fan: Raymund this fence look like a fence for a low cost housing project. You are spot on beside looking cheap there is a high security risk of thief crawling through to get into this "Luxury Condo". IJM better be ready for law suits if that happens. This looks like a good target for petty thief, robbery and even rape. Thanks for posting Raymond.So much about IJM future "luxury Project" for me. I will not even think about getting anything from them beside their properties are always over priced and now they are skirting around to save cost. Unacceptable conduct from a known Developer.
August 22, 2010 at 9:36 PMUnknown: Thanks for the pictures, this is gross! Was visiting a friend in Bayswater, so took a look there. That chicken fencing, it is easily accessible from the main road and one can easily walk along that part of the perimeter behind the @#$#@ condo as there is already a cleared path ... how convenience for the thieves and rapists. Bayswater also have wire fencing at the back but there is no clear path there because of the steep slope and also the top of the fence has the Y shaped bard wire structure. So it is not that IJM does not know what to do just plain deceitfulness. Maybe IJM thinks that most buyers are investors only or from overseas, they are not going to know or care. Now you know why the targeted buyers are Pearl Regency for Korean and Light for overseas buyers. Our foreign friends are smarter I guessed, now trying to sell to local.

p.s. can't use "luxury" anymore
August 24, 2010 at 5:07 AMPenang Fan: Yes, IJM should give all Platino buyer a 20% refund. Since Luxury it is not. Now I am curious whether there are more issue since IJM seems to be short changing the buyers in evey way they could. I am now worrid about other "Luxury Facilities" eg the gym equipments, jacuzzi, sauna etc. Some low cost housing estates has better fencing(concreted base, taller and barbed wired at the top). So disappointing.
August 24, 2010 at 7:34 AMUnknown: really dam lousy the platino... summer place pay less and i believe their facilities are better. They even put up all and ready already, but their OC will be 2011... how come platino due next month and nothing we can see yet? all their worker swift to The Light busy to con people again and again... pls look at the Summer Place...http://www.apartment-penang.com/2008/05/summer-place.html
August 27, 2010 at 9:23 PMYes: probably you all purchaser may file complaint to ijm. see summer place site; http://www.apartment-penang.com/2008/05/summer-place.html?showComment=1282901726760#comment-c3830620739968403123

they successfully apply pressure to ijm management and ijm agree to repaint the building.

you all may try and see
August 28, 2010 at 9:50 PMOoi: Does anyone here has filed a complaint ( rgding the fencing issue ) to IJM ?
August 31, 2010 at 7:20 PMAnonymous: In my inexpert opinion, some of the critical comments regarding the perimeter fence and the guardhouse are a bit hysterical.

Yes, Platino features a simple plain-painted metal fence in contrast to Bayswater's well-designed wall and in contrast to anything ornate. I guess that Platino's fence is designed to offer views of the feature landscape and edge of infinity pool upon the approach whereas Bayswater's wall is designed to HIDE its bordering car park(its gardens and pool being within the centre of that development). Different designs and materials for different concepts and needs. A simple fence suits the clean modern design of Platino : a more ornate fence might look tacky and incongrous in my view.

As for the green plastic fence at the back,I think that a metal fence at that height might not look right (more like a prison boundary).A border of thorny plants would be a cheap, green and effective security solution for that section. Visit any stately manor and they don't all use the same quality fencing at the back of the domain as they use for the front and sides. Anyway, one should remember that the development hasn't been completed yet and isn't quite ready for such critical inspection. In any case, I saw today that THE GREEN FENCE HAS BEEN REMOVED!

The guardhouse looks fine to me. The whole place seems to exhibit quality and restrained good taste in my opinion. Understated luxury instead of tacky ostentation.

I believe that IJM are one of the best developers. (As a Brit I think they compare very well with any I’ve seen in the UK). It seems that anyone who purchased at the soft launch stands to make a very handsome profit so I wouldn’t fret.

Rgds, M
August 31, 2010 at 8:50 PMUnknown: I have sent another pix to apartmentpenang showing Platino's luxurious balcony railing ...( to me it looks like Rifle Range railing) and the grandious perimeter fence.
Hope it will be uploaded soon
September 1, 2010 at 12:04 AMPenang Fan: Thanks Raymund, I suggest you post future Platino faults on the :"views and opinion" That way IJM shortcoming can be viewed more widely as in within this forum only. You can write to apartmentpenang@gmail.com.

By the way is it true they removed the chicken wire fences? Can you take some photos of the removed as a follow up? Seems IJM is responding and that's good. Your photos and our comments was taken. Thanks!
September 1, 2010 at 3:50 PMUnknown: Just send another pix showing the luxurious green chicken wire mesh fence removed.

Wonder what they will put up instead.
September 1, 2010 at 6:35 PMsokohaw: So many complaints still got so many people hope to sell at RM450--RM600 per sqft? Why not buying The View/The Uban Residence, at least can save RM200k to RM300k for the same size. The only diff--extra 10min journey to E-gate/Tesco, what's more??? The only hope maybe is to sell it to foreigners, but I thought foreigners prefer to stay at Kelawai/Gurney/Tg Bungah/Pulau Tikus area? Change trend already?
September 1, 2010 at 7:12 PMUnknown: sokohaw
I agreed with you, I also think that The View is better.
September 1, 2010 at 11:22 PMUnknown: No. The View has traffic problem. Going in and out is a hassle. If you don't believe, just try to find easiest way to go in and out. You'll be surprised!!!!!
September 2, 2010 at 12:56 AMUnknown: Thanks raymund posted the pictures of so called the 1st high end condo developed by Ijm. This is a rediculous projects for all the buyers, I will not trust or buy any projects from Ijm. I feel like I got cheated by a reputable developers.

It is a ripped off as we paid so much for the condo but ended up to get this kind of quality of works. We should all complaint to the management in KL. It is completely over price for this kind of project. I think most investors will be stuck in this project
September 2, 2010 at 6:48 AMPenang Fan: Ha! Ha! Raymond you area riot. "Luxury Chicken Wire Fence" what a name to go. IJM must hate you poking at them and thanks to people like you who bring such thing to everyone's attention about IJM's unbecoming behavior. Let's follow up with other shortcomings. As IJM 1st luxury condo. They better a show some class and quality in their prime real estates sampling. No one will buy from them if shoddiness is going be their trade mark.
September 2, 2010 at 10:44 AMtedd: if you are the speculator and have no ctual fund to hold these property , it's best you sell it to make some small profit rather than nothing . BNM is going to new rule on morgage . I got the info that the majority of platino_buyer.... are speculator . this is my 1 cents advise .
September 3, 2010 at 12:14 AMtedd: Bros,stop dreaming of selling the unit at high price . so far there is no actual transaction at these price. The selling offer is more than the actual demand . Majority of Platino buyer are Speculators. Many of them are buying 2 to 3 units. They are expecting the price will move like Bayswater . It is impossible . Bayswater is better than Platino. Once the Pearl Regency( Block A and B) are completed, there will be no more seaview for platino.We will see more selling pressure once the developer hand over the key and the bank start charging the interest. We can take SP_stia Pearl Is_land as good example. The Central bank is going to tighten the lending policy in order to curb speculation. In my opinion it is best to sell now rather than waiting. The price will start falling once the selling pressure appear. good luck
September 3, 2010 at 9:30 AMUnknown: Raymund
How long have you never been to The View already? There is no more traffic problem.If you don't believe, try to confirm with someone who live at The View before you want to comment.
September 3, 2010 at 10:05 AMUnknown: IS the developer going to change the LUXURY perimeter FENCE for Tennis and Luxury Balcony Railing? I dont think they will do that.

What can we do ?
September 3, 2010 at 11:02 AMKevin: i have said this before and i'll say it again...i totally agree that somehow the strategic location for platino is not really strategic at all...end of the day, you will have regency and also bayswater blocking the view....and IJM wants to promote this as 'luxury' condo? what a joke!
i'd rather go buy bayswater !!!
September 3, 2010 at 2:14 PMDD: those without holding power are small fry. the real speculators are those with $$. They can hold til the price goes up. I initially refused to believe there are quite a lot of "investors" with so much hard cold cash, but there are a lot with plenty of $$. I doubt the price will drop below their original selling price. May not skyrocket after OC, but not gonna collapse, unless another economic burst.
September 3, 2010 at 3:40 PMNEC Andy: Personally I believe the sub-sale of Platino is over the market value 45%. Me myself do not believe in Super High End Condo or Luxury Condo. What is the meaning of Luxury? sqft more than 1500 is luxury? Can you fell the luxury when Pearl Regency coming up and TNB Power station is just near by?
September 3, 2010 at 4:54 PMsokohaw: This project is definitely a dissapointing one for those speculators(if comparing to bayswater). I don't think it's easy to sell at RM500/sqft. Almost same level as Penang prime area's super condo.
Yes.....they can hold, but have to hold until they old as who is willing to pay this price for such location(no view, high density, not sea front etc)? Unless the buyers like to go Starbucks & Papa rich so much until they r willing to pay >1M for 2000sqft house :)
September 3, 2010 at 7:35 PMUnknown: Goh... I have a unit at The View, that's why I dare to comment and see having problem turning in and out...
September 3, 2010 at 7:43 PMUnknown: raymund
I also have a unit at The View, I don't see any problem here. But is still too early to say that platino won't have traffic problem.
September 3, 2010 at 10:43 PMtedd: More than 75% of the platino buyers are "speculator " and cashless jokers . You will see more force selling will come in once the bank start charging interest . Do you think those who earn RM 10,000 to RM 15,000 can afford to purchase 3 units of platino . Unless he / she can print the money by using colour printer. those who wish to buy , just wait until those joker get the hand burned.
September 3, 2010 at 10:48 PMtedd: i have the following units for sale

Block A - type B1- 2476sq ft RM 1.13 Million
Block B - type B - 2476sq ft RM 1.07 Million
more and more unit will be offered .The jokers can not tahan already .
September 4, 2010 at 2:30 AMPenang Fan: Only the cash flush speculators who can afford to hang on will win. This is the norm. Rich always means power and they can even get away with murder if they can afford a good lawyer. As for Platino, without doubt more "poor" speculators will get burnt if they cannot sell it in time before the bank foreclose these unpaid units. Wait for these ill funded speculators to sell their unit below cost after OC just like the Spring condos speculators did. "Jual Murah" for Platino Luxury Condos.
September 4, 2010 at 2:56 AMtedd: YES...!! Penang Fan, at least you can understand the whole market situation . Unfortunately , there are still many speculators are expecting the price to be RM 600 per sq feet . Pearl Regency is going to block the seaview of platino . The workmanship and the material used on platino is very bad. the fair value should be not more than RM400 per sq feet.Many of my friends are trying to sell because they will go crazy when the bank starting charging interest . so far none of them manage to sell . They are still dreaming of high price as Bayswater. Further more the central bank is going to tighten the loan. You will see more and more force sell soon.Anyone who can hold the property for at least 3 years should be able to make good profit.
September 4, 2010 at 4:02 PMAnonymous: I understand that IJM sold its Bumi units easily enough for around RM 435+ psf and I guess the buyers at that stage were less likely to have been speculators. Moreover, prices usually do rise after OC (although admittedly not always).

Some of you are condemning the workmanship at Platino when none of us have been allowed inside the place yet. A bit premature to be so scathing perhaps? I personally think the place looks great (and I'm not just saying that because I have a vested interest).

Tedd, you say that "so far none of them manage to sell yet". Well, that's not surprising when IJM won't permit secondary transactions until the development is completed. Also, potential buyers would surely want to wait until the property is ready for viewing later this month or next.

I think the truth is that none of us can know at this stage what prices these condos will fetch. I'm thinking of selling one or two but can only base the prices on what others are asking right now : the pre-market rate. The market rate may indeed be lower but it may well be higher too.

By the way, WOULD PEOPLE STOP ADVERTISING MY UNITS ON THIS WEBSITE PLEASE. I am not prepared to pay commission to those who paste my adverts on this thread and then replace my contact details with theirs. (I am referring to units at Block A, 9th floor and Block B, 17th floor). "TAN' and 'AMOS' please remove them now. Thank you.
September 4, 2010 at 11:22 PMDD: Hi Tedd, are you sure you have unit at Blok A type B1 to sell? You must have a funny way to sell, 1st by mentioning yr client as joker, and 2ndly, type B1 in Block A doesn't exist (it is the larger type A and A1). I would be very interested if you have the type B1 in Block A and I would pay for the price you offered.
September 5, 2010 at 12:59 AMtedd: my friends are trying to sell and many of them are having problem in selling . Sub-sale can be done through developer since the strata tittle is not out yet. More and more selling pressure will exist when the developer hand over the key . Frankily speaking , platino will be blocked by Pearl Regency . No more seaview ! Bayswater is still the "limelight " .
September 5, 2010 at 1:10 AMtedd: if you manage to sell with small margin of profit , it;s best you sell now rather than waiting . You will see the technical pull back in price . No one know how the price move . But base on the info i have , almost 80% of platino buyers are speculators. It;s all depend on the holding power of the speculators . Unfortunately , speculators are not cash rich . Mostly wage earners from MNC and they are just contra players. They assume that they will make huge profit like Bayswater. In reality it is just a dream . Think wisely when you make a decision. No point holding the property unless you intend keep it for your own stay. Do not expect the rental can cover your monthly intallment. There are excess supply of condo in that area. Just take Baystar as good example. Japanese and korean hardly consider that area except gurney and Tanjung Tokong.
September 6, 2010 at 10:32 AMtedd: BROS,DONT BUY NOW, YOU CAN EASILY GET AT LOW PRICE FROM AUCTION . THEY ARE MANY SPECULATOR WHICH CAN NOT TAHAN NOW. THEY WILL SOON GETTING PANIC ONCE THEY BANK START CHARGING THE INTEREST. INVEST WISELY .
September 6, 2010 at 10:42 AMPenang Fan: "Attention desperate sellers". Please let me know if you cannot pay the bank interest and wish to sell now. I will buy if your price is below cost. I am looking for a bargain unit.
September 6, 2010 at 12:14 PMUnknown: seems to me there isn't any desperate seller yet but bunch of distressed buyers already making their existence. The smallest unit at the lowest floor was already asking for ~RM790k during Bumi release if i am not mistaken, and all are snapped out within a single day. Base on this, do you still think that there would be desperate seller around? As long as seller willing to let go at bumi price or slightly lower, a dozen of people would possibly be queuing to buy, and the seller still can have substantial return from that. However personally i do not think platino is a good buy for investment purpose, own staying is ok. The price was already too rigid during launch and the profit margin made from flipping-upon OC will not be outstanding even when compare to summerplace (launch ~250k, now asking ~400k), not to mention about bayswater.
September 6, 2010 at 1:11 PMtedd: DO YOU KNOW WHY ALL UNIT CAN BE SNAPPED OUT IT IS BECAUSE THE SPECULATOR ARE THINKING THE FATE OF PLATINO WILL BE THE SAME AS BAYSWATER. TOO MUCH SPECULTIVE. MOST OF THE SPECULATIVE ARE NOT CASH RICH. THEY JUST PAY FOR THE 5 TO 10% OF DOWNPAYMENT AND THEN WAITING FOR THE PRICE TO RISE . SOME EVEN TAKE UP PERSONAL LOAN TO PAY FOR THE DOWNPAYMENT AND DO CASH ADVANCE ON THEIR CREDIT CARDS FOR INSTALLMENT.IF THERE IS A SUDDEN PULL BACK IN THE PROPERTY MARKET, MORE AND MORE FORCE SELLING WILL APPEAR. YOU SHOULD WAIT UNTIL THE DEVELOPER HANDS OVER THE KEY AND THE BANK START CHARGING THE INTEREST. NOW THEY TREND IS DIFFERENT IN MALAYSIA . LAST TIME , SPECULATORS PREFER PLAYING CONTRA IN THE STOCK MARKET TO PROPERTY MARKET . BUT NOW THEY ARE USING THE SAME WAY ON PROPERTY MARKET . FURTHER MORE , PLATINO IS NOT A GOOD BUY UNLESS THE PRICE IS BELOW RM400 PER SQ FEET. BORS, IF YOU ARE THINKING YOU ARE ABLE TO FINANCE THE 90% OF BANK LOAN FROM THE RENT. THEN YOU WILL BE RUNNING THE RISK OF GETTING YOUR PROPERTY AUCTION . THERE ARE TOO MANY CONDOS IN THAT AREA . THE JAPANESE AND KOREAN WILL NEVER CONSIDER THAT AREA EXCEPT GURNEY AND TANJUNG TOKONG AREA . IF YOU HAVE TIME YOU SHOULD DO SOME SURVEY BY YOURSELF. DO NOT ASK THE HOUSING AGENT, THEY WILL PROMISE YOU MOON AND SKY WHICH LEAD YOU TO BIG PROBLEM.I DO HAVE 2 UNIT OF BAYSTAR AND IT IS VERY DIFFICULT TO RENT AND SELL ALTHOUGH THE AGENT ARE CLAIMING THE PRICE AND THEIR COULD BE SO HIGH ... IT IS JUST THEIR ASSUMPTION. FRANKILY SPEAKING, GURNEY AND TANJUNG TOKONG AREA ARE FOR THE RICH WHICH WE CAN NOT DENY.IF YOU REALLY CALCULATE THE CAREFULLY , YOUR PROPERTY MUST BE ...AT LEAST GENERATE MIN 5% OF RETURN IN ORDER TO COVER THE INTEREST ON LOAN. SO FAR THE GOOD RENTAL RETURN FOR CONDOS IN PENANG ISLAND IS GURNEY AND TANJUNG TOKONG AREA . YOU CAN CHECK ON THE RENTAL FOR SPRINTIDE, SKYHOME , INFINITY , 1 PG ETC. BROS, DO PROPER SURVEY BEFORE YOU MAKE ANY DECISION.
September 6, 2010 at 1:31 PMtedd: PLATINO DOES NOT LOOK LIKE "LUXURY CONDO" IT IS A MEDIUM COST CONDO . IT IS NOT WORTH PAYING FOR THE PRICE TAG .YOU SHOULD CHECK ON FETTES RESIDENCE AND QUAYSIDE AND THEN YOU WILL REALISE THE DIFFERENCES. YOU SHULD BE ALE TO DIFFERENTIATE LUXURY AND NON LUXURY. WE TAKE E & O semi-D AS GOOD EXAMPLE. THE E & 0 SEMI-D IS HIGHLY DEMANDED EVEN THOUGH THE PRICE HIT THE NEW HIGH OF RM2.4 MILLION AND THE PRICE IS CLASSIFIED AS THE MOST EXPENSIVE SEMI-D IN PENANG ISLAND. WITH THESE PRICE YOU CAN ACTUALLY GET A BANGALOW AT D-RESIDENCE OR THE SANTUARY. THE SANTUARY IS STILL HAVING HARD TIME TO SELL . YOU CAN ACTUALLY BUY THE SANTUARY ... THROUGH AUCTION BELOW MARKET PRICE. THE MAIN REASON IS LOCATION AND QUALITY OF LIFE . THE RENTAL RETURN FOR E & O IS FANTASTIC . YOU CAN EASILY RENT OUT THE PROPERTY . THE LAW OF PROPERTY INVESTMENT IS MAKING PROFIT FROM THE PRICE APPRECIATION AND GOOD RENTAL RETURN.THE THEORY IS THE SAME FOR PLATINO . DO YOU THINK IT IS SO EASY TO RENT IT FOR RM5,000 ??
September 6, 2010 at 2:20 PMUnknown: Hi Tedd, take it easy, i am neutral here and lets have a case study focusing on whether it is worth-while to purchase a platino 1819sf through sub-sales by taking 90% loan. Price ~ 900k (askng price now), 30 yrs loan, interest 4% (BLR - 2.25), 2% for legal and agent fees, and a mere 30k for renovation. Base on these, downpayment including renovation is 138k, the Monthly loan payment is @3.8k, and interest @2.7k. To meet break-even point, or perhaps positive cashflow of ~RM70/month, minimal monthly rental is 4.3k (rental yield ~5.7%), base on this, Cash-on-cash yield = pathetic 0.6%, and it will take ROI of 166 years to gain back the downpayment. To generate an profit of lets say RM100k, one will have to at least least rent out at RM5k per month which will provide a ROI in 15 years, then hoping price appreciated to 1mil in 15 years then. This is not considering the possibility of increase in BLR over-time, and also the potential return from the upfront cash.

What i can conclude here is that:
1) It is tough to consider Platino as a investment option for rental return unless can rent it out at 6.5k/month. In this case can have ROI of 5 years, more make sense as standard loan lock-in period. So is there a capability for platino to fetch this rental...simply cant tell, sometimes x-factors count, bayswater and The View can go 3.5k to 4k base on asking price.
2) As for the capatal gain of 100k from subsales after 5 years, you will have to rent out at 6.5k per month, and then property price appreciate to 1mil. Would this be realistic...again cant tell, but very difficult i would say as this is already a price of landed property in the same region. Gurney condo is different perspective as landed there are rare, and much more expensive.
3) Personally i will not invest in platino sub-sales base on what i have explained. For own staying maybe, the location is quite strategic with no heavy jam and tesco/pearl regency complex nearby.
September 6, 2010 at 2:29 PMtedd: YES.. YOU ARE RIGHT TANNER. UNFORTUNATELY MANY PEOPLE JUST BUY BLINDLY.
September 6, 2010 at 2:45 PMUnknown: Tedd, you got a point.

P/s: It is so uncomfortable reading your comment. Please release your cap lock.
September 6, 2010 at 2:45 PMUnknown: It will be a disaster if anybody would purchase a 900k condo blindly...I would be really interested to find out who that is :-). Or any potential sub-sales investor around now and willing to share your view as well?
September 6, 2010 at 3:11 PMtedd: YES.. there are too many market followers . When they see people buy they will just follow regardless good or bad. our property market seems to be stock market in 1990 .... they tend chase after the price and never study properly about the return and prospect . They only aim for short term gain. Bros, how many of you can pay 30 to 40% of downpayment ? For me , i will only purchase those property which i can afford to pay off in case something goes wrong . Not many people will think that way . Most of them will just buy and belakang kira . They are taking the advantage given by the developer 5/95% package or Zero interest during construction. They assume within their contruction period is their gambling time. But they will not be able to hold the property when the developer hand over the key. We can take SP _sTIA Pearl Is_land as good example. Many speculator are selling below market price and some even below cost . we should learn that as lesson. Frankily speaking those who like to buy the landed property for own stay still can consider SP setia .The value will appreciate once the forcing selling activity end.
September 7, 2010 at 12:38 AMtedd: If you are talking about quality and good workmanship ,Fettes Residence will always above Platino. If you compare the car park and facility , Platino is always below its rank. Further more , Fettes residence is located in the matured area and beside the junction of E & O seri Tanjung Pinang. That is the area which Korean and Japanese like most. It should not be a problem to rent out.Island Plaza will be refurbished soon and its office lot will be converted into suite in order to cater the high end residential area needs.
September 7, 2010 at 6:10 AMPenang Fan: Tedd, I will not condemn Fettes as you condemned Platino. Platino is nearer to the 2 bridges, air-port, less traffic and near to the convenience of Tesco, e-Gate, and Pg largest mall- Bay's water Malls. Platino has it's own advantages which Fettes don't.
September 7, 2010 at 9:25 AMtedd: Well , good or bad will be answered by the market forces. When you get the key from the developer . you will be having the hard to sell . Unless cheap sale. Baystar is experieced that now and some forcing selling activities begin now . Talking is easy . We have to talk about actual price can be done in the transaction . You have priced your platino at moutain high . But the most important is transaction can be done at that level or not.
'
September 8, 2010 at 2:08 AMtedd: It's seem Selling pressure of Platino just begin . those who wish to purchase through sub-sale. Just hold on first . You can have better deal . so far no transaction done at those rocket price. The price is only part of the projection and expectation. Fair value should not above RM 430 for seaview unit / high floor . Do not compare Platino with Bayswater. Bayswater got more competitive advantage .
September 8, 2010 at 3:06 AMPenang Fan: Tedd why did you say Platino is lesser then Bayswater? Bayswater is medium cost while Platino is a Luxury. Cetainly quality and finishes wise Platino far better. Bayswater is next to a noisy and dusty highway and the floor layout are not as good. Compare their master bath room and you will agree Platino's are larger has his and hers basins, separate shower and wc. Bigger balconies and living areas.

Please back up your facts instead of while claims. Also Platino has not been opened for public inspection and so is Fettes Residence but you already said Paltino finishes is not as good as Fettes residence from your previous remarks. Have you seen both interior finish and compared?
September 8, 2010 at 9:21 AMtedd: yes , i did see both of them . My friend is the main contractor there . Platino will be block by the Pearl Regency . Seeing is beleiving . Do refer to the master plan . No more seaview for Platino . anyway you still can enjoy seeing Pearl Regency swimming pool , led lighs and sport light .
September 8, 2010 at 11:50 AMtedd: Those who manage to sell at high price must be lucky. Those who still can't sell , you should try hold it until OC . If after OC still no movement , then you have to reduce the price . Do not wait until last minute sale . Panic selling will be bad. The worst selling through auction. Good luck speculator . You all have to pray everyday for good market response.
September 8, 2010 at 2:48 PMtanprop: I don't understand all the arguments here. Pls refer to Tanner's message:
1) There is certainly no panic among the sellers yet. I am sure anybody who has bought a unit at 700k and willing to let go at <=780k, there would be dozen of people fighting for it, perhaps including those who have made a criticism in this blog. 780k already secure a return, so why not price at 900k now, wait-and-see, no harm.
2) If you are looking at investment through sub-sales, then tanner's analysis is already quite clear. Rent it out at 6.5k per month, then hoping the return from capital appreciation. The blocked-view in the future may be another pain to add.
September 8, 2010 at 4:01 PMtedd: Well You will see the selling pressure when the bank start charging the interest. so far no transaction is done . Only talking and dream abt those prices. Rental of RM 6.5K is part of projection . Normal wage earner can not afford to pay for the rent RM6.5K . Those who is earning alot will not consider to rent except foreigner. But Japanese and KOREA in Penang would prefer living in Gurney and Tanjung Tokong or Batu Ferringhi area . Those CEO would prefer staying in Tanjung Bungah / gurney / Tanjung tokong to Bayan lepas / Gelugor area. You can do the survey. Distance is not the problem for them to travel to FREE trade zone everyday.
September 8, 2010 at 5:05 PMAnonymous: Tedd,

As Bayswater is evidently popular among expats working in the Free Trade Zone I can't see why Platino won't attract foreign executives too. In fact,I have been told by relocation agents that, while there is a glut of small apartments and 6,000sf supercondos, quality condos in the range of 2,000sf are in short supply. Platino should be well-placed in the rentals market.

You also seemed to imply in an earlier comment that Bayswater is better than Platino. Anecdotally, I have friends who live in Bayswater and who love it there but they still view Platino as even better.

As for investors in Platino, I should think that they would tend to be more affluent in general than those in the much cheaper Summer Place, for example. As such, I guess that many will have more holding power than you envisage. With the increasing threat of inflation many investors are looking to park their cash in property.

Anyway, it'll be interesting to see what happens.
September 8, 2010 at 5:20 PMtanprop: The scenario will be different if LVR at 80%. The downpayment will be 230k, and the required rental would be 7.5k in order to achieve ROI in 5 years. Whatever offsets or gain will depends on capital appreciation then.
September 8, 2010 at 5:45 PMUnknown: Alamak! IJM put back the GREEN CHICKEN WIRE MESH FENCE again!
September 8, 2010 at 5:50 PMDD: I have seen quite a lot of expats from US, Germany, Korea, Japan staying in Alpine, Bayswater, Putra Marine, Gold Coast. They prefers not to travel so much with daily. With QB mall and e gate, a lot of choices of food and Tesco for grocery. If you sit in the Japanese restaurant in egate everyday, you can the same few Japanese having dinner there.
September 8, 2010 at 6:06 PMDD: From a layman investor, as long as my rental can cover my monthly installment+maintenance fees. Holding it after 5 years, if the property appreciates for 30% in value. then, my return is 30%+loan principle reduction (part of the mthly installment). Thus, do not need $6 or 7k, as most of the buyes even sign up with 90-95% loan are having 3-4k mthly installment. My 2 cents and personal experience.
September 8, 2010 at 6:44 PMtedd: BROS,talking is easy . Everyone knows how to forcast . In reality it is not as simple as ABC. There are too many speculators who are holding 3 to 4 units of Platino . I afraid they are not able to hold it for 5 years . Those who is taking up 90%- 95% loan will face big problem when the actual market response is not good. Bros, bank Interest will burn your fingers.If you have excess fund , just settle partially of the loan and then you will have more time to drag.
September 8, 2010 at 7:20 PMDD: Sorry bro... i have that many times and still doing it. Not empty talking...
September 8, 2010 at 9:03 PMUnknown: DD,

Becarefull brother, last time yes....now different leh !! Not everyday chap goh meh.
September 8, 2010 at 9:46 PMUnknown: No need to argue about who is right and who is wrong la....If IJM insist on sub-standard quality, all speculators and owners will suffer.
It is best if we can channel all our efforts to make sure IJM remove all the sub-standard features of this condo.

If quality is good, there will always be people willing to pay a higher price.
September 8, 2010 at 10:13 PMProperty talk: I am neither an owner nor so called speculator for Platino but I would like to let of all you know what Tedd is trying to do. It is very obvious that Tedd has invested in not a popular property. He owns Fettes Residence. His dream and hope for a great appreciation is diminishing and it is looking more like a depreciation. He condemns Platino and Baystar as these two properties are doing very very very well and it post a great threat to his investment. No expat such as Korean, Japanese, American, German, Hong ki, English, etc that are staying in Bayswater, Putra Marine, The View, Gold Coast, Baystar is a big bullshit. The southern part of Penang is having a boom now supported by the FIZ, Queensbay mall, 1st l ink, 2nd link, E-gate, etc and in the next 4-5 years when the light water front, Queensbay water front and Southbay water front are up and running, tanjung tokong and gurney will soon be a dead area.

A person who keeps condemning his friends are jokers may end up to be a joker himself.

Sorry Tedd but this is not the way to bring a property price down.

Good luck to you Tedd and you can continue with your agenda.
September 8, 2010 at 10:17 PMjeremy tan: I am with you property talk

He is doing the same at the brezza blog site.

He is promoting Fettes Residences and he is condemning The Brezza.

Fettes Residences is still selling at property fairs and the brezza is completely sold off.

No point arguing with Tedd, it will get us no where.

Let the markets decide.

Cheers.
September 8, 2010 at 11:22 PMtedd: Well, for your information i do have a unit platino . I bought it when it first lauched . tht time the price is less than rm 350 PER SQ FT ,I just advise the people not to jump in those over-priced property . Is that wrong ? Is is to protect the market from bubble.....I am a fair person. Many speculators are expecting the price will go up further . some even use personal loan to pay for the down payment and make cash advance from credit card to pay the installment. Do you think this kind of trend is healthy for our property market. I am not tryng to promote any property here . BREEZa is totally over priced . When the time i bought is only RM 300 per sq ft level . The price will not keep on going up without technical correction. thos irresponsible agent will tell you those funny transaction which make no sense if you are an experienced investors. Talking is easy. do you think it is so easy to rent the unit for RM 6k like ABC . It's depend on luck. So property talk and Jeremy
September 8, 2010 at 11:28 PMWisdom: Hi Tedd, May I have your email address? I got some question wanna to ask you... Hope you can guide me.
September 8, 2010 at 11:47 PMcondomana: hello guys,

Hehehe....phsyco tedd is getting on your nerves huh! Take it easy with him lah. He needs some time to come to terms with reality. Let's all support him mentally.

And by the way, why is Fettes Residence not popular? I thought it was only me, but it seems it is not popular with the majority of investors/home owners. I wonder why. I mean just for discussion sake.
September 8, 2010 at 11:48 PMPenang Fan: I totally agree about Ted's strange behavior. He keep promoting Fettes Residence and said F.R. is so much better in term of finishes. Has he got access to both Platino and Fettes, inspected both finishes? Seems he is shooting every new development except Fettes Residence.
September 9, 2010 at 1:16 AMtedd: I am not shooting every project . Those project which i mention i do own 1 to 2 units. I am not trying to promote Fettes Residence . We are comparing the BREEZA with Fettes Residence at the same rate of RM 430per sq feet.If Saga and Vios price the same . would you buy saga ? It is a little sensitive when i raise up the points here . Many of you are not happy when i commment on these 2 property because you guy do invest in Platino and the BREEZA . I do have 1 unit of Platino and 2 units of BREEZA . Those who have not seen the BREEZA. You should visit by yourself rather listen to people . Seeing is believing. It is not worth the value of RM 430 per sq ft when you see the surrounding .I still want to comment on that because recently i had seen many young people are chasing after these 2 property regardless of proper valuation . Taking loan to invest is easy especially when the bank give you 0% interest during contruction. I have no bad intention . You guy will see the impact when seller is more than the buyer. If you really want to invest , you have to invest wisely not invest blindly . You have to make you really can pay off the loan if something goes wrong. I believe many of you are expecting the price to appreciate . But remember , the market need a break after certain level . that 's we call technical pull back / Correction. It;s either major or minor.There are too many external factors which you and i cant predict .Global recession , our ringgit become stronger which affect the export . Our expport will become less competitive in the global market. This might affect the MNC to move their operation to other countries. No one know when it's going to happen
September 9, 2010 at 1:32 AMtedd: my email is scomp99@gmail.com
September 9, 2010 at 1:34 AMUnknown: Hi tedd I have read most of your comments. It seems like u own platino and u r not so happy with it. How much do u want to sell? I will buy from you as well as your baystars. I just rent 2 of my units out at 6k a month with fully furnished. And. A few baystars owner in fact buy more units at higher premium on completed units. Please check with the management. If u don't like your units, please let me know.

Don't forget Penang has a lot of land owners and the recent robust growth in property development by Spsetia, Hunza, mah sing group and etc do u know these developers created many multi millionaire in Penang as well.
September 9, 2010 at 1:38 AMUnknown: Hi tedd I have read most of your comments. It seems like u own platino and u r not so happy with it. How much do u want to sell? I will buy from you as well as your baystars. I just rent 2 of my units out at 6k a month with fully furnished. And. A few baystars owner in fact buy more units at higher premium on completed units. Please check with the management. If u don't like your units, please let me know.

Don't forget Penang has a lot of land owners and the recent robust growth in property development by Spsetia, Hunza, mah sing group and etc do u know these developers created many multi millionaire in Penang as well.
September 9, 2010 at 4:35 AMPenang Fan: Chicken wire fence up again! Why did IJM do that again? Are they crazy? Any body know the reason?
September 9, 2010 at 6:52 AMUnknown: you know what...why don't the admin/moderator for this forum set a rule for everyone who wants to post a comment. A rule something along this line:- "Please only post positive comments in this forum. Any negative comments for any properties would not be tolerated and result in instant deletion and account suspension. All comments should work towards appreciating the price of Penang properties so that investors and developers will get richer and richer."
September 9, 2010 at 7:47 AMUnknown: well... we need both side of stories to make a wise decision.... i believe most of us don't want this blog to become like our our paper Star being the mainstream paper to send bias news only..
September 9, 2010 at 10:23 AMProperty talk: This is my personal observation about Fettes Residence and this is all Jeff has on hand. He doesn’t have a poker face as I can easily read the only card he has from all his open hand (comments)

Why Fettes Residence is not doing well in terms of investment return?

1. Migration - People and even expat are moving to Southern region of Penang. As mention earlier, there will be a drastic migration in the next 4-5 years once all the water front developments are up and running.

2. Infrastructure – Flow is not good and bottleneck as well on traffic light. Driving from Fettes Residence to Gurney will take 10 minutes on non peak hour and 20 minutes on peak hour. People can jog there within 15 minutes but too bad that Malaysia weather do not allow that.

3. Surrounding – All the about to run down shop houses are surrounding Fettes Residence.

4. Location – It is not sitting on the same location with E&O project and The Brezza. Though is just across the road but the atmosphere and environment is totally different.

5. Design and facilities – Not great

Sorry Jeff, but I agree with you that Vios (Platino, Brezza and Baystar) and Saga (Fettes Residence) are different category of car. If you have a lot of Vios to offer, please let us know the unit number and the selling price you are looking at. I may buy 1 or 2 from you. There seems to be other potential buyer such as Stephen and many more who doesn’t blow the trumpet here.
September 9, 2010 at 11:00 AMProperty talk: This is my personal observation about Fettes Residence and this is all Tedd has on hand. He doesn’t have a poker face as I can easily read the only card he has from all his open hand (comments)

Why Fettes Residence is not doing well in terms of investment return?

1. Migration - People and even expat are moving to Southern region of Penang. As mention earlier, there will be a drastic migration in the next 4-5 years once all the water front developments are up and running.

2. Infrastructure – Flow is not good and bottleneck as well on traffic light. Driving from Fettes Residence to Gurney will take 10 minutes on non peak hour and 20 minutes on peak hour. People can jog there within 15 minutes but too bad that Malaysia weather do not allow that.

3. Surrounding – All the about to run down shop houses are surrounding Fettes Residence.

4. Location – It is not sitting on the same location with E&O project and The Brezza. Though is just across the road but the atmosphere and environment is totally different.

5. Design and facilities – Not great

Sorry Tedd, but I agree with you that Vios (Platino, Brezza and Baystar) and Saga (Fettes Residence) are different category of car. If you have a lot of Vios to let go, please let us know the unit number and the selling price you are looking at. I may buy 1 or 2 from you. There seems to be other potential buyer such as Stephen and many more who doesn’t blow the trumpet here.
September 9, 2010 at 11:34 AMProperty talk: This is my personal observation about Fettes Residence and this is all Tedd has on hand. He doesn’t have a poker face as I can easily read the only card he has from all his open hand (comments)

Why Fettes Residence is not doing well in terms of investment return?

1. Migration - People and even expat are moving to Southern region of Penang. As mention earlier, there will be a drastic migration in the next 4-5 years once all the water front developments are up and running.

2. Infrastructure – Flow is not good and bottleneck as well on traffic light. Driving from Fettes Residence to Gurney will take 10 minutes on non peak hour and 20 minutes on peak hour. People can jog there within 15 minutes but too bad that Malaysia weather do not allow that.

3. Surrounding – All the about to run down shop houses are surrounding Fettes Residence.

4. Location – It is not sitting on the same location with E&O project and The Brezza. Though is just across the road but the atmosphere and environment is totally different.

5. Design and facilities – Not great

Tedd, but I agree with you that Vios (Platino, Brezza and Baystar) and Saga (Fettes Residence) are different category of car. If you have a lot of Vios to let go, please let us know the unit number and the selling price you are looking at. I may buy 1 or 2 from you. There seems to be other potential buyer such as Stephen and many more who doesn’t blow the trumpet here.
September 9, 2010 at 4:51 PMDD: I would like to say, this is the capitalist market, especially for high end condos. Rich will afford to play and gain more money. Real investors and buyers will be shrewd in buying, not very much affected by comments by some individuals. We are talking abt million ringgit investment not buying an iPhone or iPad. Genuine buyers/investors will do their own homework. At least I know CX pilots (quite a lot) looking for condos in southern part of Pg to be close to the airport.
September 9, 2010 at 11:31 PMUnknown: for those of you who are interested to take a peep into how the platino show house look like, you can go to the IJM land web site and click on the platino link photo gallery.
September 9, 2010 at 11:32 PMtedd: Well, until today Propertytalk you are still make your own assumption. I have many property from SP setia pearl island, Baystar , E & O , BREEZA, Platino , Fettes Residence , Tanjung Park , Mutiara Villa , Marina Bay , Silvertone ,Regency ,paragon and 11 PG. Luckily ,I dont have any loan commitment. I seldom stay in Penang . I spend most of my time in Hong Kong and London. Even the property market in Penang go up or down . It does not affect me at all . I just buy for long term investment. My company is currently rent all my property for its own managers .I never try to promote any of the property except making the comment base on the value per sq Feet . It's seem that you are so " Kian-Su " or Takut kalah. Exchanging info in these forum is quite normal. But you take things too personal .Maybe you are so scare my comment will affect others decision in buying Platino . Then you are wrong . Smart and educated investors will know how to think wisely. I dont think my comment will affect their decision making . Same as you do . Then why are you so scare ? If you are so scare then dont invest in the property. You have your points and i have my point . Why not just sharing info rather than personal attack? If you are a person with good heart , you should advise all your friend not to chasing after the price like crazy unless they really have the money in hand. 15 years ago Hong Kong used to be like what we experienced now in Penang . The property price had gone up like crazy and people tend to invest blindly. When the market just experienced a technical pull back and correction , many investors got their hand burn . Some even went bankrupt.
September 9, 2010 at 11:39 PMUnknown: BTW, does anyone know if Platino has completed its four seasons landscaping? i didnt quite see that as yet.
September 9, 2010 at 11:47 PMUnknown: Where got 4 seasons?

Even a decent fence also they cannot do lar..
September 10, 2010 at 9:37 AMsss: sorry for my comments, a bit off topic here but just like to share my thoughts. good luck to everyone!
September 10, 2010 at 9:49 AMsss: palmex did good on regency heights but fettes residence is high end, and the location across the road from E&O kinda take away the lifestyle appeal of seafront living. the lowcost flats beside the entrance is another eyesore, anyone driving in and out will see the flats. shoplots are coming up beside it too. in this sense, i can see why it doesnt appeal so much.

somehow even the layout is like regency heights. it is not a bad thing, but for someone who has stayed at Rh before, they wont want to pay so much for a similiar layout. the building is too square and doesnt stand out, colours too.

palmex is good but fettes lacks the pulling factor.

i also dont think tanjung tokong will collapse when the southern part is developed. the northern area is still nice to live in, quiet and relaxing. the view is still good.
September 10, 2010 at 10:51 PMUnknown: Is the showroom available for viewing ???
September 10, 2010 at 11:38 PMPenang Fan: IJM's too cheap to have it physically decorated. Show apartment only in 3-D rendering!!! More then 70% sold so IJM will not spend $200K on show room. See link below.

http://www.penang-property.com/apartment/platino_condominium/platino.htm
September 11, 2010 at 9:21 AMUnknown: IJM spending 200k on showroom? My foot la!
They don't even want to spend 20k on the fencing la...
Go check out the new photos on the GREEN LUXURY CHICKEN FENCE ....it is up again!
September 11, 2010 at 4:31 PMDD: Hi Penang Fan, thanks for sharing the link on the ID. I doubt it is 3d rendering especially the bathroom image. Zooming into the towels, you will see detail texture. The mirror reflections are very difficult to render. and the camera has some flare especially on the ceiling creating greenish/blueish ghost image. Good job to the photographer, nice captures.
September 13, 2010 at 5:21 PMtedd: Why not we just wait until we get the key then only start offering sale . Bros, if you all keep on offering those prices and no transaction is actually done. It will not be good for our property . Since your bank is still not charging interest. Why not wait for another few months then only start offering. The market need time to digest the sales. The agents are hired by the developer to create uncertainty in the market . So that they can sell well in their new projects. You should go to the sales office and you will understand . Pearl Regency is facing hard time to sell.. So they have to make platino... look like hot cake property . Dont get trapped.
September 14, 2010 at 11:06 AMUnknown: what IJM doing??? chicken fence up again !!! Where is the 4 season??? suppose their selling point but cannot see anything surrounding also.! sigh...
September 14, 2010 at 11:35 AMtedd: Angel, You will know soon.As i told you all before .Do not chase after the price . The Developer is playing game in order to push up the price . In Reality , there is no transaction done. they just want to sell their unsold unit . Many developer do hold 35% to 45% of the new project . They will slowly sell after pushing up the price . Dont be the victim of their jokes.
September 14, 2010 at 2:06 PMnoble: i think penangites are bottled in the small town mentality comparing if your toy car is better than mine... it is also so so strange to see comments that one part of penang will die while the other flourishes. did bangsar die when damansara flourish? did damansara die when hartamas/kiara flourish? common folks, malaysia needs better people!
September 14, 2010 at 7:21 PMtedd: how come USJ subang die now and Damansara , KLCC , Sri Hartamas and Mont Kiara florish ? Why not you explain these to us ? How come Tanjung Bungah property price experienced downtrend . and gurney , Batu Mau and Bayu Baru is booming ? how come Island Plaza die and Gurney Plaza florish ? How come Komtar and Perangi Mall and One stop are dead and queensbaymall is picking up ?
September 14, 2010 at 11:41 PMnoble: hey chinaman, batu mau & perangi mall! florish??!! gosh!

why don't you compare Farlim wth IJM's light? ...can't compare subang with the rest that you listed & fyi, subang is alive & kicking!

again, as you see, this is a Penang issue when it comes to malls. i was referring to housing... argh! i don't have to go on, waste my time to argue with a pig who will just get dirty & continue to charge back at me like you did with the rest in the above replies...
September 15, 2010 at 1:40 AMtedd: You better watch out your words. I am referring to those houses in that area and also the shopping mall since you comment on one part of penang will die and one part will be flourish . I am asking your opinion and i never say something offensive like you do . Please read carefully your statement . Malaysia is a muslim country . You better watch out your words. It is a shame to say something like this in the public.
September 15, 2010 at 11:08 AMKevin: noble...
you should be banned from this blog... you should stop calling people chinaman and refer to him as pig... this is a property blog to exchange views and opinions...everyone has his/her own opinion, it is ok if you disagree...just state down your point and disagree...you don't have to resort to name calling... this make you look damn dirt cheap...
September 15, 2010 at 11:44 AMPenang Fan: Name himself "noble" but behaving like a true hooligan. See his past comments and you will noticed that this guy is uneducated and generously shoot others with his foul mouth. He has full of hatred for others accept himself. I do not like this web site to be a slanderous one. Let's be civil and discuss like gentlemen. There is no room for rude and profanity here. Noble please wash your mouth before you speak again. It's very foul.
September 15, 2010 at 12:13 PMProperty talk: Guys,
Lets not curse each other here. We can make some fun but cursing is no good.

Anyway, we are going off the topic here. Lets get back to Platino the LUXURY condominium.

I do agree with Tedd that developer keeps very high percentage of units and they are all good units. They will slowly get agents to release into the market. I am also a little in agreement with him that there will be no or very minimal transaction done for all the units and prices listed above until OC. Wait for the OC. See the actual condition internally. Only decide the market value as seeing is believing and it will be driven by market demand.
September 15, 2010 at 11:26 PMUnknown: No need to quarrel....
U guys didn't notice my new pics?

IJM just put back the Chicken fence...
Please help me complain to IJM..

I already complain but they say I one people only complain...
We need more people to complain!
September 15, 2010 at 11:36 PMProperty talk: Raymund,
True. Lets complain and ask IJM to change the entire fencing including the balcony rail. It is a shame to have fencing which is lower in quality and standard compare to Bayswater where Bayswater selling price during launching time is only at RM206.30 for the 2nd floor.
September 16, 2010 at 12:21 AMPenang Fan: Raymund, That's not true I wrote to IJM as a buyer and complaint too. Hadn't heard from them. I suspect they put it back for OC inspection. If so they could at least reassure us that the Chicken mesh is temporary. They are very disrespectful to their client who pay a lot for their so call "LUXURY" condo. Who will believe IJM anymore? Not me after this.
September 16, 2010 at 9:19 AMUnknown: Looking at the picture above of the resurrected luxurious chicken fence, I think it is temporary only. What I could see at the site are minimal improvement to fencing structure. They took down the fence to work on the foundation; instead just a splash of cement to support the pole they are now planting concrete footings. Yet to see what type of fencing structure; whether there be any barbed wire at the top. Since the original poles and chicken fencing are still lying around they might just re-use them.

Agreed! all owners should write to IJM to complain.
September 16, 2010 at 11:53 AMUnknown: If they keep the chicken wire mesh fencing, all the car parks will have snakes crawling all over the place.

Instead of having 4 seasons park, we will have a LUXURY wild life zoo...
September 16, 2010 at 12:35 PMUnknown: Call you sales person. I am sure he/she will remember you, right? I am going to ask her when I meet her next week. Not sure if they have completed the landscape. If i m not wrong, there should be some tall trees plated in between the chicken fence and the tennis court. They did have the putting green, though, but too flat and too easy.
September 16, 2010 at 2:34 PMtedd: Well, talking and complaining are useless until you get the OC . The Developer will play their game or giving stupid excuses . Unfortunately , the S & P did not state the Chicken wire mesh is not allowed. Please try to recall the incident happen at Marina Bay .
September 16, 2010 at 11:37 PMUnknown: If the owners do not do anything then they themselves have to bear the cost of future upgrades. See today article in Star; http://www.starproperty.my/PropertyScene/PropertyScene/7034/0/0
There is hardly any plants inside or outside the fence. Inside has plenty of hiding places just beyond the fence for burglars to hide and wait. They can easily gain access to the car park; residence probably get rob inside the carpark or force take the lifts up to their aprtments. Outside the fence has a cleared path for whoever that want to wander there to do naughty things at the back. Btw, those concrete footings do not look solid enough, not going to last long especially at the slope area. IJM should instead build a brick wall all along that perimeter and a more solid type of fencing on top of it.
September 16, 2010 at 11:44 PMUnknown: scary... scary ! please complaint la...
September 17, 2010 at 12:10 AMPenang Fan: Calling all Platino owners here. Please write in to Platino IJM sales office and voice your opinion against the chicken fencing, such low quality security wall is not acceptable. Make them be aware that the security of Platino Luxury Condo is being compromised. It's too easy for thief and rapist to get into this property. They will be sued if they do not improve this security wall. We do not want chicken mesh. Even low cost housing does not uses it. IJM is cheap!!!
September 17, 2010 at 9:27 AMtedd: Friends , you cant do anything now until the the developer hand over the keys to the owners. Just wait and see . They developer will always give excuses or instruct their lawyer to twist and turn . Whatever is not stated in the S & P can be ignore . Please check with Marina Bay owner . Then you will understand the whole story
September 17, 2010 at 3:55 PMtedd: There are only 2 ways which you can do now . But it can only be done after OC . 1) The unit owners of Platino can join together and hire a lawyer to sue the developer . It is a little difficult because whatever is not listed in the S & P , the developer reserves the right not to execute. 2) the owners can build the fence by themselve using the sinking fund after they form the RA.
September 17, 2010 at 6:11 PMjeremy tan: Do you think you will stand a chance against IJM? The government investment arm Khazanah and EPF owns a substantial amount of it.

It would be in their interest to defend IJM.
September 17, 2010 at 6:51 PMUnknown: Dear all, are we sure that this is the "finalized" stage of the fence? Could it be not complete yet? Cos i believed the "autumn" landscaping is yet to take place and that could be the reason why that stretch of fence is temporary put up to block outsider/trespasser and incidentally it is now being called chicken fence :(. Did anyone actually call up IJM to confirm that this is the end product which IJM is so foolish to expose itself to the public and be humiliated by all the bloggers over it? i certainly hope not. btw, my bank has yet to issue out the last 20% payment and that pretty much tells me that is not the end of it yet.
September 18, 2010 at 12:33 AMProperty talk: Boys and girls,
I am 99.9% sure that Chicken wire fencing is not the final one. It will be a disgrace to install a chicken wire fencing where chicken can even fly across it. Looking at the pictures though I never visit the actual site, to erect a proper fencing, it should not cost more than RM15k at developer price. What is RM15k to satisfy everyone including potential buyers for the light water front.

I am 99.9% sure that the fencing and balcony rail are the final one already.

I am not a Platino buyer but I am very keen on the light collection 2, 3 and 4.
September 18, 2010 at 3:01 AMUnknown: Seriously buyers should think b4 u continue buying Ijm project if u look at what they have promised and delivered on the recently completed project so called luxury platino. It look like a very normal apartment and I don't see anything luxury in there. I went inside to look at the actual unit and the land scape. The workmanship is pretty good but again the 4 seasons garden looks very normal and not impressive at alll. I believe the investors will have a hard time to flip this project. I suggest all the buyer should complant to the management to either give buyers some rebate or improve the overall facilities of the condo. Yes the chicken fencing is just temporary only.
September 18, 2010 at 3:09 AMUnknown: If u compare the fencing of summer place and platino. Seriously summer place and bayswater look much better than luxury platino. I have lost confident on Ijm so called luxury project. It is a rip off by asking high price to buy platino but offering a low to normal quality of ptoduct in platino. Anyone here please tell me which part of platino looks luxury? The visitors car park is damn small. The tennis court use cheap parameter. The 4 seasons garden looks very normal. No luxury guardhouse or a gate like Mayfair etc highend condo in penang
September 18, 2010 at 5:20 AMPenang Fan: May this so call "Platino Luxury Condo" be the physical evidence of IJM deceitfulness. Any future IJM buyers should think twice before investing with them again.

I was such a sucker to buy into IJM claim of Platino Luxury Condo. The chicken fence thing is nothing luxurious about. So no more Maritime Sq, or any of the Light collection for me in future. There are many other better project worth my investment but no more IJM.

I am weary that more disappointment will be realized upon handing over of the key. Just make me worried sick.
September 18, 2010 at 9:01 AMjeremy tan: You all should know better that the word luxury only applies to projects with density less than 100 units.

How do you expect it to be luxury especially when the area is already so dense?

The word luxury only applies to properties above RM2 million

Good examples would be Mayfair, Skyhome, Springtide Residences,Quayside Resort, Gurney 8,Gurney 11, LOOC Super condo etc
Quayside Resort has a high density but it is by E&O. It comes with a 4.2 acre water park and 7 acre green park. The landscape and architects are from America. So you can be rest assured about the quality despite its density.

It is just a marketing gimmick to use the word luxury and the buyers should know better that the area around e-gate is not suitable for a luxury condominium.

In Penang, luxury basically means exclusive and the word they used to describe such places would be super condominium. Low density and ample amount of space and privacy.

My advise is to analyze the location wisely before you decide to buy into a so called luxury condo. To be honest, there is nothing impressive about the platino to deserve the word luxury
September 18, 2010 at 9:47 PMUnknown: No four season la... look more like zoo... is Penang ZOO
September 19, 2010 at 2:55 AMUnknown: I don't think platino deserve the luxury word. It is just like a normal apartment. I suggest all the buyers should make a complaint to the developers that this actual product is completely different the selling points.

Don't think the luxury condo do not have security gate right b4 u enter the condo and a luxury entrance. As to compared with like closet competitor such as fettes residences. It looks so much difference. Selling price at 380psf was consider a high end condo upon launching in 2007. All the highend condo such as mayfair, springtide, skyhome etc are all selling about the 380 to 420psf in 2007 as well.
September 19, 2010 at 3:00 AMUnknown: If all the buyers do not make a complaint to the developers, u will have a hard time to get sell of the apartment. For me as a home buyer I may choose bayswater as it seems no difference than platino except the size. Ijm should improve the overall outlook of the condo or give us discount etc. Or maybe furnish part of the condo etc.
September 19, 2010 at 3:18 AMUnknown: The only selling point of platino is luxury or highend condo. This condo will have no seaview after the pearl regency is completed. Will people still prefer to buy the so called luxury condo.
All we get is a chicken fencing, zoo garden, cheap perimeter for tennis court and a ugly look fencing as well. The swimming pool area is so bad too. Do we still have to pay about .20+ cents to maintain the condo.

Anyone got any ideate solve the problem
September 19, 2010 at 3:20 AMPenang Fan: We need more buyers to write to IJM! Stephen's suggestion is valid. The condo does not even come with fixtures so if IJM can upgrade by providing cabinets or air con. is a fair request. Seeing now that the condo doesn't look luxurious even though we pay luxury price in 2008.
September 19, 2010 at 4:41 PMUnknown: Look at the picture above....

Which balcony looks more LUXURIOUS?
Which balcony is safer?
Which balcony has no design at all?
September 19, 2010 at 5:33 PMUnknown: Thanks Raymund for the photos again...

C look grand, can be luxury.
B look like rifle range "Phak Cheng Por"
September 19, 2010 at 8:59 PMtedd: No way to solved , please read carefully on term and condition in your S & P and the Platino advertisement . It's all depend on developer.We can't do anything now until we get the keys.
September 19, 2010 at 10:25 PMUnknown: look like we all have to built our own balcony, take sinking fund built fence and make our own 4 season... so sad and so bad ! KANASAI la IJM
September 19, 2010 at 10:36 PMUnknown: Thanks for Raymund good job ! At least the investor from oversea or outstation can see what is IJM doing? The lousiest one ( B )is LUXURY PLATINO. Danial you are right KANASAI, pay so much and the balcony like that only. The orange colour (Teacher College)look nice and only built by JKR. IJM totally lose to JKR.
September 19, 2010 at 10:54 PMPenang Fan: The railing was shown in the illustration(brochure) when I bought it so I have no problem with that but the chicken fence for security bothers me alot. IJM must address that beside the gardens should be delivered as like those in the Illustration in the brochure! My next worry is the Gym equipments. It should be better then those in Bayswater being a luxurious apartment. The swimming pool, changing room, reflection pool, elevator and common area should reflect that of a 5 star hotel.
September 19, 2010 at 11:46 PMUnknown: Can we all issue a lawyer letter to Ijm?
September 20, 2010 at 12:07 AMUnknown: Hi penang fan, I went to visit the site and I can assure u that the place is not like a holiday inn hotel either. It is something similar to red rock hotel in Penang. I am a buyer of platino as well and this piece of shit I cannot really take it as I spend almost 900k to get this. Can anyone make a comparision of any condo in Penang which are selling at 380psf with its design, facilities, etc. Ijm is the worst if I am not wrong. The developer make so much money from us and I will boycott Ijm project in future.
September 20, 2010 at 12:08 AMUnknown: Yes Winnie, we should do it. Anyone know how to go about it? Please advise.
September 20, 2010 at 12:37 AMtedd: no way to do because the S & P got no such clause .
September 20, 2010 at 12:40 AMUnknown: The definition of luxury by Ijm failed big time. One more thing to add is that the visitor car park which provide less parking spot than bayswater as well.
September 20, 2010 at 12:50 AMUnknown: We need everyone who r unhappy with the project and issue a compiant letter to the developers and cc the head office. If only 1 or 2 buyers make compaint Ijm will ignore us. Please put ur heart together to fight for ur own right. That is the only option and chance to make it change. Give Ijm a tsunami.
September 20, 2010 at 12:55 AMtedd: well , Winnie , we cant solve the problem . Th devloper can make its defence as per S & P . Please check with those who had purchased Marina Bay. We cant do anything because the picture in the advertisement is only for illustration . The developer reserve the rights to change without giving notice to the buyer. Please read carefully the term n condition.
September 20, 2010 at 6:13 AMPenang Fan: Teluk Kumbar vegetable farm looks better then the so call "Four Seasons Garden" in Platino.

IJM should be very "malu" to call that a garden. Not fit for a "Luxury Condo" surrounding it with chicken wire mesh and no security protection.
September 20, 2010 at 7:22 AMUnknown: I have called IJM to complaint the chicken fence. They said write in black and white to their top management. So the owner, please do it as soon as possible...
September 20, 2010 at 7:36 AMPenang Fan: Angel if you have the IJM Top Hat's address can you post it here so every owner can write in without having to ask from IJM too?

I will write in for sure. That will be extremely helpful.
September 20, 2010 at 10:47 AMUnknown: All unit owner may write/email/call to customer care as below :

Dato’ Soam Heng Choon (Head Quartes)

IJM Land Berhad (187405-T)
Head Office - Petaling Jaya
Ground Floor, Wisma IJM, Jalan Yong Shook Lin
P. O. Box 504 (Jalan Sultan),
46760 Petaling Jaya
Selangor Darul Ehsan, Malaysia
Tel : 603-79858288
Fax : 603-79529388
E-mail : ijmland.hq@ijm.com

or

Mr Toh Chin Leong (Penang)

Suite 01-01, Menara IJM Land,
1 Lebuh Tunku Kudin 3,
11700 Gelugor, Pulau Pinang, Malaysia
Tel : 604-2961222
Fax : 604-2961223
E-mail : ijmland.pg@ijm.com
September 20, 2010 at 11:15 AMPenang Fan: Angel, Thanks so much I am going to write to both big hats. I hope they will be wise enough to take appropriate action before this matter escalates to law suet!
September 20, 2010 at 11:49 AMUnknown: Penang Fan, after you finish writing, why don't you post the letter here so that all of us can copy some and sent similar letters too....
September 21, 2010 at 12:03 AMUnknown: Hi anyone please provide a sample letter of the complaint letter so that all the buyers will send it to the IJM developers.
September 21, 2010 at 1:37 AMUnknown: Hi I think the priority is to argue with the Ijm management and give them a tsunami instead of fighting against each other over here. Does anyone has the sample for the complaint letter for Ijm management. I think this is the priority if not buyers are not happy with the project and investors can't make money or harder to let go of this project. We have to work hand in hand to see what we can do. That is the only hope to have a better home.
Ijm. Can anyone picture the guardhouse of bayswater and platino for the buyers and investors to see and comment here. We gonna fight for a better home and value of this apartment.
September 21, 2010 at 1:42 AMUnknown: I believe Ijm should improve/upgrade on platino. Come on guys, can u believe we all paid 380psf in 2008. The price is comparable to the Mayfair, skyhome, gurney 11 etc. Even silverstone has a better guard house. The more u drag the less possibility to get a better home/value of ur investment.
September 21, 2010 at 1:56 AMUnknown: winnie,

forget about the complaint. IJM will not change anything.
September 21, 2010 at 3:41 AMPenang Fan: I agree with Winnie, if IJM won't take heed. After the OC we the buyers can collectively agree to appoint a lawyer and sue IJM for deceitfulness. They sold us Luxury but we only get a medium cost condo.
September 21, 2010 at 4:18 PMUnknown: I have spoken to the management of IJM. If we should write in to complaint and the management will do something for us.

So anyone kind enough to provide any sample of complaint letter please. Please do it now b4 it's too late.

thanks
September 21, 2010 at 5:43 PMUnknown: An Open Letter to IJM

With regards to the soon-to-be-completed Platino Luxury Condo, a lot of buyers here are very disappointed with the final product.

First and foremost is the parameter fencing. Compare the fencing of Bayswater and Platino. The fencing facing the Tesco Hypermarket looks like some medium cost condo. When buyers pay for a “luxury” item, these buyers are not the average Tom, Dick and Harry. They also pay for privacy. With the “see-through” fencing, there is not much privacy for Platino buyers. By standing near the fence, outsiders can actually see into the car-park and mark the residents there whether they are at home or not. It is hope more trees will be grown to cover up the holes in between the fencing.

As for the fencing facing the jungle near the Marine Police area, it is definitely way below the standard of a Luxury Condo. It could qualify for medium cost condo, at most. The so-called “green chicken wire mesh” is definitely a no-no. On top of that, there should be a retaining wall build around that slope to prevent future landslide which may be caused by heavy rain. Or else one day, all the residents will have a bloody muddy car park. And since I believe most of the residents here will own “luxury” cars as well, I think someone is going to get sued if the cars are damaged due to landslides.

What “luxury” image does IJM want to project with Platino’s entrance? If this is the final product of the grand entrance, then IJM should go check the dictionary for the meaning of “grand”. If they don’t know, please ask their architects and engineers to drive around Gurney Drive or Tanjung Bungah to seek for better examples. A normal guard-house with the “touch-n-go” entrance control bar to keep out strangers is the least that all other condo provides. Nothing luxury about it.

Looking at the progress of the 4-seasons garden, they look more like a jungle than a garden. But since it is a “work-in-progress”, I will reserve my comments until the final product is unveiled.

Another visible point is the balcony railing. Compare to Bayswater, Platino’s balcony design look very cheap. The use of thin metal railing is a safety issue for families with kids. A lot of residents would have to spend extra money to modify the balconies to make it safer and more solid. Even the neighbouring MPPPP hostel complex has better balconies!

If IJM wants to appear as a high-end developer with the launching of the Light Projects, Platino should be a show-case to attract future buyers. With the sub-standard completion of Platino, no wonder the Pearl Regency nearby is a failure!

You can con some people some of the times but you cannot con all the people at all times. Those who bought Platino or has invested into Platino is going to make sure that IJM live up to the name of “LUXURY”!

Future Resident.
September 21, 2010 at 6:44 PMUnknown: good good good and many thanks to Raymund. At least have some example to write letter to IJM. Future resident of Platino... come on, please write more and more to IJM ... make sure the "LUXURY" work...
September 21, 2010 at 7:00 PMUnknown: Dont fight la... please write to IJM to complaint la... If wanna see psychiatrist, pls go to Dr. Katherine Ong (Pulau Tikus)or Ong Beng Keat ( Sg Pinang ). Dr Lai from (GH) only treat kids nowadays.
September 21, 2010 at 7:20 PMsad: hahaha..mental human see psychiatrist, mental company see what? Ever wonder they attend social responsibility course or business ethic course or problem solving course or customer satisfaction course? the way I look at it, High chances the developer will ignore the future owner request because the company have mental problem and do not know how to resolve such a minor problem...and choose to neglect customer satisfaction.

Profit diutamakan, Customer satisfaction dikecualikan....hahahaha
September 21, 2010 at 9:54 PMUnknown: Thanks, i will be the 1st owner to send the letter. everyone please do so to make it happen. If not, you will be paying high premium /maintenance for the low quality condo here.

I suggest everyone to do it ASAP. The OC is going to obtain very soon.
September 21, 2010 at 10:32 PMtedd: all platino owner... we should form our team/ group after getting the OC . So that we can file case against the developer through tribunal for seeking damages if the developer ignore our request . Group / team work is a must . The cost involved will be cheaper . Only 1 lawyer represent all the owner. We can share the cost .
September 22, 2010 at 1:48 AMUnknown: Well it seems to me that a lot of owners and investors are happy of the projects. Only a few people here to complaint. It will be useless to make a change on the look on the luxury condo.
Come on owners and investors, please send now if u r unhappy with platino b4 it is too late. Anyone here want to have a better home or higher resell value. My complaint letter is ready and will mail tomorrow. I hope everyone please do so. We need a big and strong team to make the change happen. Write in this forum is just to share info but it will not make any changes.

Sorry for being pushy
September 22, 2010 at 9:21 AMPenang Fan: I support you Ted. We can't help but felt being short changed by IJM. After seeing Bayswater's success.

We would expect the flag ship and 1st luxury condo by IJM will wow us, make our eyes glimpse and jaws open. That was of course not the case. Yes, I rather closed both my eyes and winch instead! A lawyer to represent us seems imminent.

Lets join force. As they said "United we stand, divide we fall". We will fight for what we paid for. A Luxurious Condo. We pay the same rate as Mayfair, Springtide,Gurney 11 but we got Riffle Range Flats( see the balcony railings).

There is no guard house and no privacy with cheap iron bar fencing too.
September 23, 2010 at 12:59 AMUnknown: I don't think 60% of the owners will file a complaint against the developer by giving low quality of material in the luxury platino condo However, my friend and I have issued a complaint letter to the developer already. But I don't think it will help much as far as i know, no one really send any complaint letter yet. Tedd u r right we need about 138 units or 60% of resident to complaint against the low quality in the luxury project with 380psf selling price in 2007.

There r a few
Argument for platino
1) chicken fencing
2) low quality of entrance should have a gate.like any high end condo
3) perimeters in tennis courts
4)

After the developer hand over the project it will be much harder to make any changes. Do it now or never.
September 23, 2010 at 1:02 AMUnknown: 4) is the 4 seasons garden looks worst the botanical garden.
5) like Raymond said the balcony.

Anyone has more complaint?
September 23, 2010 at 1:11 AMtedd: Winnie,
If you really go through the case as you mention above . The developer can give any excuses as long as there is not written in the S & P . However, there is 1 way which is quite efficient to force the developer to rectify the above problem if you can secured 60% of the owners vote to hire a lawyer to serve IJM a notice . IJM will settle the matter before we file a case against IJM for seeking damages / compensation at Tribunal . IJM still has many projects to proceed and its reputation worth more than the fence . So chance of winning the case is very high .
September 23, 2010 at 1:18 AMUnknown: I think that is quite impossible tho.
September 23, 2010 at 11:25 AMPenang Fan: Get the press involved. I suggest calling a meeting with IJM's rep. and expose them. I am sure that will wake IJM up as the exposure would not be very good for their reputation. If that still don't work get a lawyer to bring them to court.
September 23, 2010 at 3:19 PMtedd: yes.. exactly Penang Fan , the cost involved to close our mouths is very small . The developer will not play the game with us if we can get the press or lawyer to get involved . Group work is a must . You can't act alone .
September 23, 2010 at 6:30 PMUnknown: ok... let me know when u guys call press... surely i come
September 23, 2010 at 6:55 PMsvbjpg: Hi tedd & Penang Fan & frens,
Sound really true from what you've commented. Let's act now.
Who can take the lead?
September 23, 2010 at 9:08 PMUnknown: please do it now.
September 23, 2010 at 9:33 PMPenang Fan: We need at least 20% buyers to response to be effective. How can we get that quota? I think we may need to wait until OC then we can contact all buyers via slipping notes under their doors. IJM wouldn't give us the buyer's list for sure. Only with a decent owners response will attract the press attention. IJM would not want such bad press.

It's more effective and cheaper then a Lawyer. Beside even if we don't get anything from IJM. We can still get the satisfaction of exposing IJM shoddy "Luxury Condos". No one will buy or think twice about their future high end condos. They will pay the ultimate price for short changing us.

We have nothing to loose by calling in the press. Press loves such news. Beside we are also doing potential IJM buyers a favor. Once this is noted should IJM repeat such shoddiness again in other luxury condos and get sued. They will loose out in the court proceeding with such a bad record.

What do you think guys???
September 23, 2010 at 11:38 PMUnknown: I totally agreed, who is going to take the lead? We can even ask the press to refer to this blog to see how many residents are unhappy with luxury platino. We may even email or write to the press ? Wat do u guys think?
September 24, 2010 at 6:28 AMPenang Fan: Can someone send a letter to IJM HQ and expressed our intention. If IJM is clever IJM may turn around and take action immediately so we do not have to take such drastic measure. Live and let live as they said.

We only want what we paid for and if IJM yield and succumb to our request. Such as upgrading the security fencing, the railing, rebuild a guard house that befits a luxury condo etc. We can extend the olive branch to IJM.
September 24, 2010 at 7:18 PMUnknown: Who is going to do this ?
September 24, 2010 at 8:54 PMUnknown: Is there any namewee for platino to help the onwers?
September 24, 2010 at 10:34 PMPenang Fan: IJM committed herself she name "Platino Luxury Condo". I heard that Bayswater is as good as Platino in term of finishes and facilities. Infact the car park is bigger then Platino's.

As we paid a Luxury price and IJM failed to deliver what it promises we can take action against this dishonest developer. It amounts to a fraud.

We can take action in various front.Employ a Lawyer(that cost monies), Get the press to expose them or as TED suggested bring it up in the IJM annual meeting(once a year).

Whatever we cannot let IJM go as it's our hard earn money that they cheated from us.
September 25, 2010 at 12:29 AMUnknown: Additional info on the flaws that IJM need to fit.
1. The perimeter fence (aka chicken fence) need to be upgraded to a retaining wall with fence above. Fence need to include Y-shape with barbed wire at the top (as in Bayswater's back perimeter fence)
2. The slope at the back where the chicken fence is badly done, uneven and many rough patches especially at the corner nearer to Bayswater and beside and beneath the ramp to the carpark. IJM need need to cut the slope and build a retaining wall to prevent earth/mud from flowing into the grounds and carpark. (I have photos - how to post?)
3. Guardhouse and main entrance unfitting for a luxury condo. Also there must be a gate, unlike Bayswater where the main entrance faces a busy E-Gate, Platino gate faces a dark and quiet road. Those who stay at Bayswater know, the Mat Rempit activities are really bad there past mid night. For security there should be gates that can be closed late at night. Current design is OPEN, anyone can drive in the compound. Those 2 skimpy bars at the guard house which prevent cars from going to the carpark, can not really block anyone want to force them in.
4. There is no wooden deck beside the pool, the deck is shown in the brochure as well as the big picture in IJM office. The brochure "site plan" has it as No. 07. IJM happily exclude the deck.
5. My photos of Winter/Summer have only grass and a few trees.
6. Deep uncovered drain in "Summer" place
7. Security risk at the lowest level car park, easily assess from the "Winter" area which is just after the famous fence. Should have security grill.
8. The un-luxurious front fence
9. The un-luxurious balconies
10.The un-luxurious front entrance.
September 25, 2010 at 12:40 AMUnknown: All buyers at least those who are reading and writing these comments should setup a date/time to meet with IJM Penang management. Bring the Open Letter so that everyone can sign and present to IJM management there. I believe the people at IJM Penang are asking for black and white feedback, so I think they also trying to help but they need the ammunition from us. Try this first instead of lawyers, AGM, press etc. Don't need 20%, even a few they will listen. (I hope :0)
September 25, 2010 at 2:08 AMUnknown: Yes guys please do something. Do u guys notice that the govt project right opposite luxury platino has a better guard house than the 1st luxury project by ijm This is a brainless design, come on Ijm management if u read this blog can u tell this is not luxury at all. People stop buying Ijm project don't be a victim like us.
Any solution to solve this issue guys? Need to get it solve asap. Particularly those who spend 2.5m to buy the duplex or penthouse. Are u happy with this project? And u have to pay over rm1000 dollar monthly to maintain this has no privacy, no luxury, poor design garden. Do u think it is worth ??? If not please do something.
September 25, 2010 at 2:33 AMUnknown: This project did not worth 380psf when it was launched in 2007. Our argument point with the developer is that during 2007, those condo selling at 380psf the quality is completely different than the platino. Condo such as mayfair, infinity, gurney 11, plazzo, skyhome. Don't think they are more expensive than platino if u break it into psf. The price was similar with platino.

This is the worst luxury condo in Penang.
September 25, 2010 at 2:39 AMUnknown: I think we all should ask our s&p lawyer to issue a complaint letter to the Ijm management and cc to the head office now.

I don't think a lot of owners will have time to meet with the Ijm management and the hq office will not realize what is happening in Penang either. We should ask eall owners to ask ur s&p lawyer to complaint on behalf on you
September 25, 2010 at 2:43 AMUnknown: Onwers please fight for your own right and for a better home.
September 25, 2010 at 10:49 AMWarner: So far any sub-sales transaction done for Platino?
Please update for reference.
September 25, 2010 at 12:13 PMUnknown: If you have no time to see IJM but spend hours at Queensbay or Gurney Plaza or hours infront of the TV then you deserve the un-luxurious Platino. No need Penthouse owners just to complain, any one can and should do it. The penthouse probably still own under proxy by IJM.
September 25, 2010 at 1:36 PMtedd: Peter , you are right , the penthouse is still belong to IJM . The developer will keep the unit.There is another way of doing , we can put up a banner infront of IJM Land OFFICE and invite the press to take photo and inverview us. I believe IJM will try whatever way to resolve the matter with us .
September 25, 2010 at 3:35 PMUnknown: Peter, sent all your photos to apartmentpenang@gmail.com Subject: platino...
September 26, 2010 at 2:38 AMPenang Fan: Dissatisfied owners please do your part, bombard IJM with emails or snail mails to:

Infor. (Thanks Angel):

Dato’ Soam Heng Choon (CEO)
IJM Land Berhad (187405-T)
Head Office - Petaling Jaya
Ground Floor, Wisma IJM, Jalan Yong Shook Lin
P. O. Box 504 (Jalan Sultan),
46760 Petaling Jaya
Selangor Darul Ehsan, Malaysia
Tel : 603-79858288
Fax : 603-79529388
E-mail : ijmland.hq@ijm.com

or

Mr Toh Chin Leong (Penang)
Suite 01-01, Menara IJM Land,
1 Lebuh Tunku Kudin 3,
11700 Gelugor, Pulau Pinang, Malaysia
Tel : 604-2961222
Fax : 604-2961223
E-mail : ijmland.pg@ijm.com
September 26, 2010 at 10:11 PMUnknown: Anyone write to IJM? I did my part! When want to meet up and call PRESS come... I m waiting..
September 27, 2010 at 4:56 AMPenang Fan: I wrote 2 letters and 3 emails! Every owner who is less then satisfied should do his part and write. If all these letters don't work the next option will to call in the press to expose IJM short changing us. IJM must deliver us a luxury condo as we were sold on that. They need to stand by their claim to earn creditability.
September 28, 2010 at 4:38 AMPenang Fan: Wow, Peter your photos look amazing. Thanks. IJM must build those retaining walls. If left as it is eventually earth will pour into the open drain. This is construction is essential and notning luxurious about. What is IJM architects/engineers thinking that they can get away with this? Beside the open drain in the summer garden. A child may fall into the open drain too. I hope IJM will install those wooden decks for the swimming pool as shown in the drawing if not they are just crooks deceiving and short change us buyers.

«Oldest ‹Older 201 – 400 of 838 Newer› Newest»

Platino Condominium

838 comments«Oldest ‹Older 201 – 400 of 838 Newer› Newest»

Recent Comments

Apartments

Houses

Commercial

Mainland Property