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 401 – 600 of 838 Newer› Newest»

September 28, 2010 at 9:29 AMUnknown: where is the four season garden?? I can't really differentiate it.....oh man!!!

>_<
September 28, 2010 at 9:40 AMUnknown: New photos posted, please see my earlier comments regarding what IJM need to correct and improve.
September 28, 2010 at 3:27 PMjack1981: Just a thought from my mind...

I am wondering why the quality of properties from a same developer (IJM) can be so different in term of the price we paid. For example, Bays water is very successful an all aspect, Summer Place has minor flaws about the hospital look painting but overall ok. Platino, which is so call luxury condo receive only complains but no compliment about the chicken wire and jungle look garden.

In my opinion, It will be helpful if IJM management attend BRANDING course so that they understand the intangible factor - trust, from their buyers. No hard feeling and I sincerely hope IJM can improve in future, so we could continue our support.
September 29, 2010 at 12:42 AMtedd: The developer is trying to cut its budget in order to maximise the profit margin. I had bought some condos from IJM before such as RIANA GREEN ,KL and Sri Pangkor, the lanscapes are real nice and the fence look luxury ... Platino looks no different than the SPRING and those medium cost condo .... We have to do something about it . Otherwise the price of Platino will not sustain after OC . When no demand or buying support , the price will begin to fall .
September 29, 2010 at 3:25 AMPenang Fan: Ted and others it is your responsibility to warn every would be buyers in this forum about IJM short changing us Platino buyers. Everyone here should post warnings on other IJM future projects site here. This would show IJM we meant business.

I did a few postings on Light Collection, Light Linear, Light point and Maritime Sq. Let every investor query IJM. As to how IJM can call Platino a luxury condo when it is not eg. using chicken wire mesh for it's security fencing, indistinguish looking entrance gate where some medium cost apartment's looks better then Platino's.

I just can't described my anger and disappointment with IJM. I feel cheated and like being robbed by a dishonest developer.
September 29, 2010 at 3:43 AMPenang Fan: The pen is mightier then the sword. Use it efficiently and defeat your opponent. If every owner will to post their dissatisfaction on every IJM future developments.

IJM will loose potential buyers. Hurting their pocket books is the best revenge since IJM hurt ours through cheap finishes when we paid luxury prices to buy their properties.

Let this be a lesson to IJM. We will not accept what ever they dishes out even though the S&P may not specify the quality requirement of workmanship and structural parts in the common area.
September 29, 2010 at 4:18 PMDD: I don't understand having 3 plants right next to the pool (in between big and children's pool). Not only this is an obstruction but also the flowers and leaves from the trees would litter the pool very often. Really illogical. Was it designed by amateur?
September 29, 2010 at 4:48 PMtedd: Friend , the developer just treat us like fool... Since it already gain the market share and reputation in Penang . It begin to cut cost and maximise its profit . It will not do such things in KL.
September 30, 2010 at 11:33 AMk: no, no, no; here, money and who u know is mightier than the pen. let this be a lesson to all those who would queue all night long into the early hours of the morning whenever IJM launches a product..how can people allow these developers to treat them like beggars? As they say u get what u deserve.
September 30, 2010 at 6:06 PMUnknown: I have done my part by issue a complaint letter and asked my s&p lawyer to stop releasing the final payment to Ijm until the chicken fence is fixed. That is the only argument point we can stop to release payment to them. Every owner pls do so
September 30, 2010 at 8:28 PMUnknown: Good suggestion. I will inform my lawyer tomorrow.
October 1, 2010 at 12:43 AMUnknown: October already... can go view house now...!
October 1, 2010 at 1:28 AMPenang Fan: Platino projected to complete Sept. 2010 isn't? Will IJM compensate for late delivery???
October 1, 2010 at 9:57 AMPenang Fan: Umm! checked my S&P Looks like we are not entitle to any compensation unless it's more then 36 months from date of signing the agreement. So mine was signed in 2008. IJM will only be liable if it delivers later then 2011. And it's 10% of the purchase price per centum per annum from day to day! That's chicken feed! If but we pay(cash buyers) the progress payment late they charge a hefty 10%. They on the other hand got 36 months to deliver. Just ain't fair.
October 1, 2010 at 10:57 AMAl: That's the current standard. For Condos it's 36 months from signed S&P date, for houses it's 24 months.
October 1, 2010 at 12:08 PMUnknown: Latest photo shows the bad condition of the slope at the back where the chicken fence was located (temporary removed). Just 2 days after the previous photos and after the rains, sand bags are used to stop the soil erosion. See how bad the whole slope is all along the back; from the tennis court until the Bayswater boundary.
October 1, 2010 at 5:05 PMUnknown: Peter,

This is part of the 4-season theme IJM is promoting. The pix show the "LANDSLIDE Season"...
October 1, 2010 at 9:53 PMPenang Fan: A landslide is imminent. IJM should be sued for not building a retaining wall. Very unbecoming of a famous developer. I am sick to the stomach. Is this the back yard of a luxury condo? It's not even fit for low cost housing estate as it poses the danger of landslide. The sand bags will not hold it for long. Thanks Peter for the dramatic photos.
October 1, 2010 at 11:55 PMUnknown: 'wah lau leh' like that also can! Thanks Peter for the photo... we should go protest in front of Platino. Have to follow our politician take banner and protest and inform PRESS come take photo
October 2, 2010 at 2:49 PMThink again!: Guys, my suggestion is

1st. Set up a facebook group"Pg Platino issues"
(Reason:2knw how many owners are interested to involve and also their respective expertise which could help in cost and time efficiency)

2nd. Set up (asap) a small team of committee consist of those who can commit in action against IJM (meet up in FB for regular updates and progress since not all can meet outside)

3rd. Work distribution according to expertise and resources availability (1 on legal aspect, 1 on media preparation (including PCA and PgChinese Chamber of Commerce if possible or political aids), 1 on liaision with IJM regarding progress and communications and 1 more to update sum photos as proof of action in progress(to inspect and visit the site for any other issues to be corrected), last bt not least 1 more to search for more owner recruit)

Benefits are: fast action,proper approach and hopefully problems could be solved asap. Future Platino Management Corporation Committee members established.

Disadvantage : Not all owners are interested since sum investors might wana push out their units asap, IJM may not entertain the requests which defeat all the purpose, time and effort put in.

Off course,Easier Said Than Done & time is the essence, but I believe team work are the determining factor.

Jz my opinions, dun shoot me if I am wrong
Cheers :)
October 2, 2010 at 3:06 PMUnknown: What is the point setting up so many meeting facebook, blog, pccc (which is crap) etc. Do u think it is effective? The problem is the developers. No point talking to them. they will come out with all sorts of excuses and in their heart, they are thinking what can you do if they don't comply.

For owners and investors, grow up and move on. Just be cautious on their next project. Remember, they are such a big organization and is linked with the government. Who cares about your complain. If they care they should have done a lots to prevent such thing.

Sometime you win, sometime you lose. This time the developer win. hehehehe
October 2, 2010 at 4:06 PMcts: A lot of Penangite looking up too high on IJM. They are not much different from other developers. My IJM properties water keep leaking. Leak few places during warranty period and few places after warranty period. Called up the repair manager Sunny, he said because my wireman accidentally step on the pipe when install light. So, all the leak because of wireman step on it......

I suspect they are using low quality water pipe, although they claim "sirim" approved. Sirim approved guarantee good quality? I don't think so!
October 3, 2010 at 12:20 AMPenang Fan: The only way we could make IJM weary is to continue writing and posting on the newer IJM development to warn others about IJM short changing the Platino's buyers. To a small effect IJM reputation will be affected. However small this may be it will affect their sales and also litigation in future. IJM is now proven to be a bad developer and shows unreasonable cost cutting at the expense of looks and worst of all safety for her clients( eg. chicken mesh for security perimeter wall.
October 3, 2010 at 1:47 AMPenang Fan: Motion detector for sirens, spot lights and cameras should be used around the chicken wire fencing area as that is easily accessible by rapist and thieves. That will definitely improved the security and act as a deterrent.

IJM should invest on such high tech security system for a luxury condo like Platino.
October 4, 2010 at 2:21 AMUnknown: Greetings from IJM Land Bhd.

We would like to thank you for visiting our website and would like you to know that your enquiry has been submitted to us. We appreciate your patience and are working hard to respond to your email as quickly as possible.

Please note: This e-mail message was sent from a notification-only address that cannot accept incoming e-mail. Please do not reply to this message.

Have a good day.

IJM Land Bhd
Excellence Through Quality
http://www.ijmland.com
October 4, 2010 at 2:24 AMUnknown: Have e-mailed the management, please do your part owner.

Was told we will get the vp next week which mean we will start servicing the loan soon.

Just try our best to complaint to the management.
October 4, 2010 at 6:48 AMtan: VP in next week. Great...
October 5, 2010 at 12:55 AMUnknown: Spoken to Ijm sales today. It is unlikely the developers is going to make any changes or upgrade the fencing or luxury entrance and so on for platino.

When it comes to this stage, there is no one to blame but yourself.

Vp is expected to receive next week and bank interest will be charging upon vp not oc. Good luck and happy staying in luxury platino.
October 5, 2010 at 2:51 AMPenang Fan: Winnie where is your fighting spirit? Get your feet up and fight. IJM is short changing us buyers and we cannot let IJM get away. We will not accept sand bags retaining walls and chicken mesh security walls. No way!

Evey owner who paid luxury price should be up and against IJM cheating us. Write, get the lawyer, press involved and post your dissatisfactions on all IJM new development blogs to expose IJM dishonesty and low cost cutting tactics.
October 5, 2010 at 9:52 AMDD: Not sure if Ijm install CCTV at carparks n inside elevators. Alpine tower faced the problem before. IJM didn't install any CCTV at carpark n elevators. Thus 2 cars were stolen. Residents had to use sinking fund to install the CCTV to prevend crime. At least this is the basic IJM should do.
October 8, 2010 at 2:30 AMPenang Fan: Sadly with all these adversed reports on the questionable quality of Platino Luxury Cond must have affected it's attractiveness for investors. But how much is it worth in the open real market?

Is it 400 rm, 500 rm or 600 rm per SF? Can someone with a good experience in real estate put a fair value to it.
October 8, 2010 at 9:48 AMAl: Here's my 2 cent view of the situation.

I can assume that all of the units have already been sold by Developer to Buyers (Speculators). There is nothing concreate about the final finish as it is not stipulated in the S&P agreement. Honestly as the developer has already SOLD and received $$, doesn't it look like buyers has little or no chance at all. It would be a different picture if the deal was built up first then sell, therefore Developer will definately make the place ideal. Buying up front has it's risk and all of the complains you have would not shake up a large corporation like IJM. They have the muscle to probably initial legal proceeding with some of you folks for some of the comments made. Again this is Malaysia and usually we know the guy with the deep pockets will suceed. Sorry but just my honest and brutal opinion on this matter. If things however turn for the good (Developer on the side of the Buyers), then so much better. It's unlikely as this company are driven on PROFITS and CASH, as their measurement is on the returns to their stakeholders or the value of their shares which of course they expect a HUGH capital gain on the appreciation value.
October 8, 2010 at 10:26 AMPenang Fan: Al if the comments made here are based on truth and facts how can IJM sue us? Even with their deep pocket IJM cannot have a case as these are no slandering or baseless rumors. eg. they indeed use Chicken mesh for security wall, they did use sand bags to reinforced the grass slope as cheap solution to retain the soil erosion.

If they are stupid to take any action against the truth then they will loose and the publicity that they create will bring them more damage then they can handle. They will live to regret it. Even the biggest and most powerful can be brought down. One can never fight against truth.
October 8, 2010 at 10:54 AMAl: Penang Fan,

This is Malaysia....being correct doesn't mean you will suceed.

If IJM is "stupid" why would they continue ignore you guys? The company would have immediately remedied the situation.

If you look at the S&P, no detail statement mentioned about the facilities. For the unit you buy, you don't even get assurance of the quality of the tiles (Italian Marble for example).

So companies in this business are clear to use the currently legal structure to continue to sell without worrying too much about the impact.

You question the quality of the first class condo their promised, did they ever provide a legal document to stipulated the said condo will be equivalent to say 11 Gurney or Springtide Residence? It will be the perception of the value you had bought this property.

For example in today's The Sun front page, you will notice a photo whereby the police are preventing residents from gathering at a site whereby works are beginning onbuilding high-tension wire cable towers. So tell me where is the fairness? Where is the social aspect? It all about $$$....I'm sure you also know this deep in your heart!!!
October 8, 2010 at 5:07 PMsokohaw: The truth is : Penang buyers themselves are encouraging developers to do what ever they want! Why were they buying properties basing on papers & "mini show house"? Some even Q up early in the morning at developer's office during launching! We are already a looser since the beginning......isn't it true? In my opinion, I will never think IJM builds luxury condo in that piece of land which is similar to those along Kelawai/Gurney/Tg Bungah etc. So, to hit >RM500/sqft will be a task for Platino. As a Platino owner, I think it's better not to amplify the bad points over here as it'll affect the value of this property. Just move on and be more cautious next time. You won't win all the time in property investment, just take this as a lesson(I had learnt mine from SP Setia......no big deal!)
October 9, 2010 at 7:29 AMPenang Fan: What ever. Platino Luxury Condo will be IJM trademark for luxury! If that didn't measure up then they will only suffer with their reputation.

Al, when we bought Platino at $380 SF. Springtide Residence, 11 Gurney, Mayfair are priced almost the same so we all expect IJM to give us comparable to these super condos. They are answerable to the public if they cannot deliver the same luxurious quality as we expected based on the prices range per sq ft.
October 9, 2010 at 12:53 PMHealeth: My friend in mainland same developer project, they managed to get local PKR/BN Datuk xxx to have a "discussion" with developer. And this developer "upgrade" certain defect/low quality part for that project.
October 9, 2010 at 9:46 PMUnknown: LoL... so many complaints. When can we get keys to see our unit? IJM said next week but yet to get letter from them. I really cannot trust their words. Monday have to call to disturb them again and again. Everyone pls do that so. Tks!
October 10, 2010 at 12:35 AMUnknown: What if the developer do nothing, what can we do?
October 10, 2010 at 12:46 AMPenang Fan: Believe me I am sure more complaints will follow after keys given out. There were be more discovery of cost cutting evidence. This Platino is a good example of IJM turning greedy at the expense of buyers who trusted them to deliver what they paid for.

I predict the gym equipments will not of luxury quality and probably cheaper then those installed at Bayswater The swimming pool timber wood decks were not to be seen even though the detail illustrations featured it another cost cutting. Beside the cheap chicken mesh security wall and ugly sand bagged grass slopes. I hope they are not skimping the buyers of luxurious bath fixtures too. Will see.

IJM has too much cost cutting for this supposed "Luxury Condo". I hope would be future buyers of IJM luxury condos will take this into consideration.

I for one will never buy again from IJM. I just felt cheated.
October 11, 2010 at 4:32 PMUnknown: VP obtained... IJM sending out letter today. What about show unit?
October 11, 2010 at 4:59 PMAl: Why would they need to spend $ for show unit since everything is already SOLD??? Show unit probably sales gimmick.
October 11, 2010 at 8:44 PMUnknown: Saw the fence going up again and some gym equipment in the gym room. Is the fence nice .... NO!!!. From a distant, the gym looks sparsely equipped. Swimming pool still has no wooden deck except for the out-of-place overhead deck next to it. "Summer place" longkang still deep and uncovered. Why have a deep uncovered longkang cutting through the "summer garden"? Should make it wider, then fill it up with water and fishes, wooden bridges across it -- at least then there will be a nice summer garden.

Will post pics when I have time.
October 12, 2010 at 3:14 AMPenang Fan: Peter, I and many others look forward to see your reviewing photos of IJM cost cutting evidence. Your telling photos will let everyone know that what they seen in IJM sales brochures and display models differs greatly when built. I call that false advertising and it's against the law.
October 12, 2010 at 10:39 AMUnknown: Hi everyone, we will get the keys sometimes this or next week. Upon getting the keys, u will receive a complain work for defect work. Please make sure u all will write the comments u have been posting here in the defect/complain form to Ijm.

We need at least 30% people to make a change for your own living environment.
October 12, 2010 at 6:37 PMUnknown: Look at the latest pix I posted above.

The green chicken fence has been upgraded but still doesn't look LUXURY enough.

IJM attempted to upgrade the perimeter fence by putting a metal box cap over the steel bars. And then disguise it as concrete block with concrete coating spray. It's hollow inside!
October 12, 2010 at 10:49 PMUnknown: Thank you for the pics, Raymund. The metal box cap sounded like a joke indeed. The new fencing at the back looks better than previous green chicken fence but it is by no mean come close to luxurious. The wimpy looking fence and its foundation look like they are about to fall or come apart. And of course the slope looks precariously unstable and obscene; bare patches, uneven and eroded. Nothing less than a retaining wall is need there.
October 12, 2010 at 11:00 PMUnknown: Peter, your pic show the gap between the ground and the bottom of the fence is so HUGE!

Thieves can easily dug through the holes and crawl in. No need to climb up and jump over the barbed wire (if IJM intend to put one)

IJM should cement all the base to close this gap.

This is a SECURITY concern!
October 13, 2010 at 2:41 AMPenang Fan: Thanks for post the photos.

I am also appalled at the scarcity of any high end gym equipments. Not to mentioned there are only a few cheap cycling and free weights installed.

This is a luxury Condo and the gym looks very under equipped. Where are the thread mills with TV and elliptical machines? These are the standard equipments in a good gym. I had long suspected that IJM is also cutting cost with Gym equipments and looks like I was right.

Please include that in your comment form when they issue it to you. Beside the chicken wire replacement is still ugly, the uncovered deep drain(summer garden) awaiting a bad accident should someone fall into it and also the missing wooden deck at the pool.
October 13, 2010 at 3:02 AMPenang Fan: I also wish to request IJM not to install those cheap and flimsy metal boxes over the existing steel perimeter walls. These metals boxes will get out of shape eventually beside it will get rusty and contaminate the rest of the steel structures.Very bad idea and entirely wasteful. Whoever in IJM came up with such idea should be rendered inadequate as a decision maker. This is a bad remedy and money wasted.

Looks like IJM do not have any qualified people to managed problematic issue like these effectively. The Architect who is in charge of aesthetic should also be fired. How can these professional agreed to that is beyond me.

Indeed IJM has a bunch of very inefficient decision makers. See how they wasted money on the chicken wire mesh which has to be torn down and removed. Now they have to rebuild again with something more substantial. I call that penny wise pound foolish.
October 13, 2010 at 10:07 PMUnknown: Raymund, Platino is indeed a BIG Security Concern. All owners should bring these out to IJM. Some of the points to note:-

1. The fencing at the back with its poor construction and sturdiness or the lack of it would allow easy access to the grounds. This area is the least visible to the guards.

2. The carpark is easily access from the grounds around the "winter" garden, especially the lowest level of the carpark. Most residents will enter their apartments from the lifts in the carpark. Many dark corners and pillars for hiding or lay waiting for victims. Security doors and grills must be installed to control access to carpark at all levels.

3. One of the most serious security concern is the main entrance. There are no gates at the entrance. The guard house and barriers are setback further inside the compound. Anyone can enter into the compound and enter the building without even needing to go past the guard house. Imagine how to protect entry in the middle of the night. This is the first condo I come across with such lack of security consciousness, even among the lower cost apartments, will post some pics later (including how Platino protect the entrance now - hope we don't resort to this in the future.)

4. The low height metal fence will not be much of a deterrent to potential thieves or robbers.

Hope IJM would look into these concerns. Owners please do your part to inform IJM.
October 14, 2010 at 1:16 AMUnknown: Why Platino does not have Gates at the entrance?

Why it opens its grounds and buildings for just about anyone to walk and drive right in?

Can you imagine a car following you right into Platino compound?

What would you do if a whole convoy of Mat Rempit's decide to detour into Platino compounds at 2 am?

Or any would be thief or robber sneaking into the compound at the far end of the OPEN un-gated entrance during the day or middle of the night?

IJM please do something about it!!!
October 15, 2010 at 11:54 AMUnknown: Thanks Peter for the photos. The BEP akitek Sdn. Bhd. (Ar Kam Pak Cheong) from Tropicana, Petaling Jaya dont know how to design a proper gate for our so called 'LUXURY PLATINO'. Even the contractors are smarter then them, contraoctor got BRAIN and know how to use dust bin as gate because they realised got people go inside the compound. I think we have to use dust bin as gate also if IJM also no BRAIN too. Unit holders, please make complaint about the gate... we need a GATE for security purpose!
October 15, 2010 at 12:02 PMAl: Maybe the gate is made of the same material as the fable fairytale "The Emperor's new clothes".....
October 15, 2010 at 12:43 PMPenang Fan: Yes, I agree this "BEK akitek sdn bhd" is hopeless. They are very unprofessional to allow sand bags for retaining walls, chicken mesh parameter walls, ugly steel rod front parameter wall, removing wooden platform at the pool side that was stipulated in the model/drawings, not that it looks more luxurious now infact the opposite and the none existence gate and guard house.

I wonder where they graduated? Can they call this a luxury condo? This Architect allow IJM to do whatever they want to save cost. Very unprofessional indeed. Shame on them.

Apparently this is a very small and unknown Architect firm and do not even have a web site. Seen some of their works and I don't find any of their Architecture works outstanding at all. Probably this Platino Project is one of their biggest project, their bread and butter. Being a small company they are easily suppressed by IJM- "kind of a yes sir company" hence IJM can do anything they want.

You can call them and ask them why they are so unprofessional allowing IJM to do all these cost cutting.

Bek akitek
Phone No:03-7061888
Fax No: 03-7062882
October 15, 2010 at 5:17 PMUnknown: Let's hit them where it hurt most..their POCKET!!!

So, let's go to all the property website and post warning to all future buyers. If the architect is from this firm, boycott them!

Do not buy any projects design by these architect!
October 16, 2010 at 6:44 AMPenang Fan: Watch out! The same Bek Akitek will be designing "The light Collection III". After my bad experiences with the Platino "Luxury Condo" from this Akitek I would not tough this project designed and supervised by them even with a pole.

Who would believe this Akitek again. Now this Akitek promises the sky eg. roof pool. roof garden, a floating deck on the water - more sales gimmicks? Possibly the floating deck will be floated away or into IJM pocket by the time they finished the construction. Things "changes when completed" like magic- with no consultation to buyers who paid lots of money-They can remove or improvised anytime and anything. Sadly all these changes are only to IJM advantage and buyers will be the victims again. I say enough is enough. The S&P should be clearer this time with the common areas and facilities offered written in B/W- Yes what's the Guardhouse made of and will there be a gate at the entrance, security parameter wall and if so what material- not chicken mesh again please. We the buyers are tired of being short changed.

See: http://www.theedgemalaysia.com/property/3447-working-in-unison-on-the-light.html

The Light Collection III

At The Light Collection III, there will be 190 quayside clusters and Laguna residences offering various layout selections ranging from condos to townhouses and duplexes.

Designed by BEP Akitek, the two key features will be the self-sustainable coral reef fronting the townhouses, giving them a floating effect, and private pontoons for the duplexes.

BEP Akitek’s Kam says the villas and apartments facing the sea will have an unobstructed seaview. “The sea villas have been designed on a ‘coming home to the sea’ concept, with unobstructed seaview and open planning for the living and dining spaces. There will also be a rooftop swimming pool. Besides, the lower units will have direct access to the sea, with decks stretching out to the water.”

The apartments will have sky gardens that are staggered vertically at the entrance and each unit will have a glimpse of the sea. “The townhouses are designed to be as close to the water as possible,” says Kam.
October 16, 2010 at 10:51 AMUnknown: Please complaint to every IJM project !
Below are their contact and QUALIFICATION to design "LUXURY"...

Headoffice :
BEP AKITEK Sdn. Bhd.
6 & 7 Floor, Bangunan 3M,
6A Persiaran Tropicana,
47410, Petaling Jaya

Tel : 03-78061888
Fax : 03-78062882
Email : bep@bepakitek.com

Penang Branch :
368-3-10, Belissa Row,
Jalan Burmah,
10350 Penang

Tel :04-2260336
Fax :04-2260339
Email : beppg@streamyx.com

Chairman :
Dato's Zahanl Tan Sri Ahmad (Dip Arch Oxford)

Director :
1) Kam Pak Cheong (B.Arch Melbourne)
2) Ho Wai Ping (M.Sc Strathclyde)
3) ALI Mohd Yusoff (B.Arch NSW)
October 16, 2010 at 11:07 AMBlock A: You people never study Architecture ar?

What BEP Arkitek practise is called "Less is More", popularised by Architect Ludwig Mies van der Rohe.

Get it?
October 16, 2010 at 10:26 PMcondomana: Hello Penang Fan, Peter Grant, raymund,

I am not a Platino owner, and I am a big detractor of IJM, due to:-

(1) their undeserved popularity in Penang, in spite of building condos of average quality
(2) their dirty tricks of reserving all the popular units for IJM management, and leaving their "real" customers queueing overnight during property launches
(3) capitalizing on the above mentioned to sell their properties way above market price (namely The Light project).

However, as much as I dislike IJM, I think you guys are a little bit too critical of Platino.

(1) I know IJM labelled Platino as a luxury condo, but how much did you guys paid for (in terms of RM /sqft) it? RM600 /sqft? RM 700? C'mon! Everyone knows material cost is not cheap nowadays. You pay the price of a BMW but want to get a rolls royce?
(2) The guard house thingy. I think the reason it's set back is to avoid the obstruction of traffic along the main road when there's a queue during a security check or peak hour.
(3) You guys took a photo of the gym from outside to figure out how well equipped the gym is, when the project is not even completed yet?

Hehe. I suspect you guys are Bayswater owners who are out to talk down Platino, with the hope that would impact Platino's rental & resale value, and therefore preserving Bayswater's unreasonable asking price of RM500+/sqft and rental of RM3-4K.

If you ask me honestly, if both Bayswater & Platino are selling at RM500/sqft, I would definitely go for Platino as it is newer, quieter, less densely populated, and after all, labeled as a luxury condo.

If you say Platino's quality is not up to standard, Bayswater is even worse!! Those who paid RM500/sqft for Bayswater would regret!
October 17, 2010 at 1:09 AMUnknown: Condoma,

We all paid for the Roll Royce price when it was in 2007. Please do a research on luxury condos in Penang on 2007, and list us any condo selling around RM350 psf and then compare the quality and facilities with PLATINO? I can now list you a few of them which are Mayfair, Infinity, Springtide, and so on. (those condos were selling at 1m to 1.5m during launched because it's 1x bigger than platino) Our penthouse owners in Platino also paid 2 to 2.5m to buy a Platino as well and expected it will be somewhat similar to any high end condo as well.

If you are comparing the current value of the luxury condos in Penang, it will be around RM500 or RM600 psf as the materials, workers, land price went up significantly over the last 3 years. And the developers also want to sell as high as possible to speculate the property market and make the most profit of it.

Again, when you are comparing Baywater and Platino which is not apple to apple comparison. Baywater selling at RM270k to RM350 during launched and Platino starting at RM750k and above. Are you trying to compare the feature of a C class to a S class? If you are paying for a price of S class and you get a C class ? What is your feeling? What is your expectation if you have paid a high price of a CAR or HOUSE? Your expecation will be high? or if you paid USD200k a year to study in Havard Law School? Can you compare with the local university? it is the same story for Platino. Today if we pay RM450k to RM500k for Platino, of course i will not complain. You pay for what you get ...

Please read the comments for the recent mercedes as well? a lot of people paying for high price but get low quality as well. WHY? because of the high EXPECTATION.

When we bought Platino, IJM stated that Platino will be the first luxury condo in Penang and it will be definitely be a luxury condo.

Onwers, please complain to the IJM office to get us a GATE for security purposes. We are paying for a mercedes S class but we get a mercedes C class quality.

Fight for it until the end.....I think IJM will ignore us but please post your comments in property website in relation to the TRUST and QUALITY of IJM.

Don't let other investors fall in the same TRAP that we have encountered.
October 17, 2010 at 1:36 AMcondomana: Dear Winnie,

Thank you for your response.

(1) Please forgive my ignorance. Maybe I know how much on average you guys paid for Platino in year 2007?
(2) When you say comparing Bayswater & Platino is not an apple to apple comparison, do you mean Bayswater is actually by default inferior in quality compared to Platino? If yes, how much do you think Bayswater is worth today in terms of RM /sqft (for a seaview unit that is)?
(3) Based on what you have seen so far, how much would you value Platino today? (sea view unit in RM /sqft)

Today, Bayswater owners are trying to sell their properties at RM 500 /sgft, while resale market of Platino is also going at RM500 /sqft. My point is, it doesn't make sense for anyone to pay that kind of price for Bayswater if you can get Platino at the same /sqft price, because if you say Platino quality is lousy, Bayswater is 2x worse!!
October 17, 2010 at 1:54 AMcondomana: Dear Penang Fan,

Hehehe. *wave*. I know I am not wanted here, and I know precisely the reason for your defensive response!..:)

Oh by the way, I am condomana, not condoma. Dear winnie & Penang Fan, try to get that right next time..;)

Bayswater quality really sucks! You should feel previlaged with your Platino!
October 17, 2010 at 2:29 AMPenang Fan: Condoma,

You are way out of line to critic us Platino buyers. Your reasons does not stand to logic. We paid $385 sf for Platino in 2007. At that time the pricing was comparable to other super condos as Winnie had explained so eloquently. What do you not understand? Are you still in kinder garden?

We as owner of a "Luxurious Condo as was advertised by IJM" are very frustrated with being stiff by IJM false advertising. We are now getting a medium cost condo instead. We are writing here and into other IJM new project blogs hoping to warn others of IJM false advertising. IJM is going to launch more luxurious condos at highly inflated prices and we cannot "tahan" others getting cheated like us. See their IJM ads. Coral reefs, sky gardens and roof top swimming pool, floating platforms, marina bay etc. give me 'F---g' break. They can't even do a straight forward Platino Luxury Condo right. The use of chicken mesh for security wall is a joke, bad earth works for slopes with no retaining walls and not forgetting the "no gate entry"(what happened if there is a riot) for a luxury condo is unacceptable. When completed how many of these advertised features will be delivered? It's a gamble. Given most Malaysian Architects are unprofessional enough to allow IJM to do as many cost cutting they wish. These Architects acted as puppets and are only good at approving payments, no questions asked with no regards to the buyer's interest.

Please stick to your low cost condos blogs where you belong. Do not bother to contribute here if all you can is to spill more garbage, unwanted and unsubstantiated comments.

In other word "shooo" be gone. You are not wanted here.
October 17, 2010 at 3:05 AMUnknown: Condomaniac,
We understand your predicament, that both Bayswater and Platino are really beyond your reach. Well, you could try those apartments in Paya Terubong, they probably are within your budget, if otherwise, then those on the mainland would be more appropriate.
If you shut your gap and keep quiet no one will know how ignorant you are, too bad, you chose to show it.
October 17, 2010 at 4:31 AMPenang Fan: Peter Grant,

You couldn't have said better about this pest Condomana.

By the way about the none existance of a gate at the main entrance. I am extremely concern as would all residence should. Let's think of the worst scenario. Should there be another May 13th or truck bombs, suicide bombers anything like that. Platino is an open target and these crazy people can just drive in. We need a gate so we can close and lock up for the building security.

Why does it takes you to bring up and not the experience developer or the professional architect to think about it. This gate is prudent.

Platino residence should fight for one. If there is any such incidence the gate is the 1st line of protection we can have. We need it.

Please insist on the gate to be installed.
October 19, 2010 at 8:26 AMUnknown: IJM is doing another flip-flop again.

The newly installed "metal box disguise as concrete" top for the perimeter fencing is gone!

Now you see it, now you don't!
October 19, 2010 at 10:47 AMPenang Fan: Raymond that's a good thing at least someone up there in IJM knows that's a bad idea. I did pointed that out in this blog and I hope it was my good advice they took heed. Those hollow metal box painted to look concrete is a waste of money as the shape cannot be maintained and rust will step in if it's metal. I am wondering if the Architect is aware or worst it was their stupid idea. It cannot be the engineer as they are not incharged of appearances or aesthetics.

I still can't get over how a reputable IJM think they can get away with the use chicken mesh for security walls. What a joke. If I am IJM I will be so embarrassed.
October 21, 2010 at 5:50 PMUnknown: Hi guys... yesterday I when to the side already... Aiya ! what's the 4 seasons? nothing meet expectation, only water flowing and swimming pool. The playground area lots of thing missing... where is snowman etc ? workmanship for the parcel also not really good. Poor quality stuff also fixed in the parcel. Those owner please continue make complain.
October 23, 2010 at 11:04 AMAnonymous: I wish to combat the negative campaign on this Platino thread and make readers aware that the 'Moaning Minnies' - such as Peter Grant, Penang Fan, Raymund and Winnie (who could all be the same person in fact) - do NOT represent the views of the majority of us owners.

I am very impressed by IJM and am delighted with Platino. I have spoken to several other owners and they are also very happy with their purchases.

Some of the complaints have been made prematurely before completion of Platino (rants over the temporary green fence serve as a good example). Others through ignorance and poor grasp of the project’s modern, open concept. Some are so plainly wrong (libellous, in fact) that I question the authors’ motives and agendas.

I collected the keys to our condos recently and can assure you that the place is FANTASTIC.

Upon inspection, our units were so clean that we felt inclined to remove our shoes. The quality of finish much surpassed our expectations. Except for installation of kitchens NO renovations are necessary : even the paintwork is perfect. The bathrooms are super. The almost move-in condition means that residents can expect to face much less renovation noise and disruption in coming months than usual (less so as these 'sky bungalows' don't share common walls). Less expense too.

The fittings throughout the units are good quality. There are emergency alarm switches in every bedroom, a ‘smart home’ system, air con points already installed (so no hacking of walls necessary), water heaters, rain showers : owners don’t even have to purchase loo roll holders. The windows are uncommonly good quality (designed to be leakproof I understand).

The landscape and common areas feel very airy and spacious - I like the 'open concept' and NO WAY does this resemble a 'medium cost' development. That is ridiculous. Platino is a very pleasant luxury resort - definitely.

Platino was a real BARGAIN for anyone who bought early. The Moaning Minnies must have made at least RM 200,000 profit on their units if they purchased at soft launch. (If they disagree I’ll happily buy theirs off them at a lower price!)

Please note :

There are some genuine concerns about the location of the guardhouse, yes. However, IJM are aware of this security issue and have advised that an additional guardpost will be provided. This can not be done until the OC is issued as the development will be inspected in accordance with the original plans.

Peter Grant has taken photos of the entrance, comparing Platino’s archless entry point with the entrances of Putra Place, Putra Marine and Gold Coast Resort. He adds the caption ‘Which is a luxury condo?’ The answer, Mr Grant, is PLATINO (the others look tacky and old-fashioned). Your criticisms say more about YOU in fact.

There is a rumour that nearby Tesco is to move and that a hospital will take its place. That’s a nonsense : NOT TRUE. Tesco hold a 30 year lease on the place and are currently renovating at considerable expense.

At the moment the ‘Four Seasons’ garden is admittedly unseasonal. However, the plants need time to establish and blossom. For me, this was never a selling point. If a garden section fails to resemble mid-winter (in the Tropics!), big deal! All that is important is that the landscape looks green and beautified.

It is best for anyone interested to just go see the place for themselves.
October 23, 2010 at 8:55 PMPenang Fan: platino owner or IJM implant!

Had we not brought up about the chicken mesh fence IJM would probably left it as it is. You do not represent most of the owners! You are the only "owner" speaking highly of IJM and many has seen it but no body write anything positive except you. Where are those so many satisfied customers here? Who else here had expressed so much satisfaction as you did? I am suspicious that you may be IJM voice since you have never written before.

Please read our comments over again. All the comments are valid and accurate. There is nothing slanderous. Be thankful that the chicken mesh are replaced. Had none of us brought that up you will still be living in a chicken coup!
October 24, 2010 at 12:10 AMUnknown: Absolutely correct you are IJM implant or BIG Speculator, platino owner! I think IJM hired you to write these... what wrote above exactly told by IJM fella to us when we colloct keys. Penang fan, Raymund, winnie and Peter are not the same people, I believed. Without the complaint of chicken fence, will not change until today...
October 24, 2010 at 1:03 AMUnknown: Come on, guys. Leave "platino-owner" in peace. He is living in a dreamland. He is one of those people who have eyes but cannot see, who have ears but cannot hear...what you called those people? OKU?

I have the first chance to go into my unit a few days ago and it is definitely not worth the price I paid for.

Let me start with the external environment first. The entrance, according to the IJM PIC will remain as it is. No more additional arch because of the "open concept" of the design. But they forget that the residents here are not "open" for thieves and robbers. I think they will have to address this security issue again when more residents move in.

Second, I visited the "winter" corner. All it have is a simple set of playground equipment for the kids. Missing are the "snowman" or "winter feeling" as shown in the brochures. Don't tell me it's impossible to create "winter" in the Tropics. If IJM knows it is impossible to do so, why do they use the 4-season concept as their selling points? You mean they intentionally want to cheat us in the first place? If they cannot build it, don't say it. If "platino-owner" do not know how the 'winter feeling' can be created, please go visit our shopping complexes when they put up their Xmas decorations. The least IJM can do is to put up some snowman, some Xmas trees, and decorate the area with snow-like walls or surroundings. We never expect real snow but at least snow-like stones and slopes...

The gym....? Hmmm..If these are all the equipments IJM can afford, then they are really cheating us on the maintenance fees. Only treadmills? Where are all the weight equipments?

The rest of the ground...like the summer, autumn and spring are still very much a work-in-progress. So to give IJM the benefits of the doubt, I reserved my comments for now.

Let's move in to the unit proper. First, there is NO grill door! This is a residential unit, not a hotel room! IJM, can't you differentiate between a hotel room and a residential unit? Actually, IJM realise that grill door is a necessity, so they come up with a standard design for the front and back door but ask the residents to do it themselves! This is the way IJM shift their costs to the residents!

Then there is the "luxury" kitchen! Just put 2 sinks into the small space and you call that a kitchen? Is this the best that you can do, IJM?

If this is an example of IJM's luxury standard, buyers of the Light better be prepared for bigger disappointments!!!!!!!
October 24, 2010 at 3:37 PMUnknown: Hi Webmaster,

Could you kindly create a special column for BAD developers in Penang which include IJM on Platino to warn the future onwers to fall in teh same trip which we did on IJM Platino Project.

Thanks
October 24, 2010 at 3:47 PMUnknown: Come On Onwers...besides the BAD quality on the Luxury Platino Project. The sales seem do not responsible after they have sold you the units.

If you make a phone call or went down there to make a complain to them in relations to the IJM Luxury Platino Project.

The replied you received was "Please write us a complain letter and we will submit to the head office".

Damn it...this is not helping at all .....

Come on onwers, will you buy any future projects from this irresponsible management teams and developers.

Anyway, Platino Onwers will not lose money in this projects but i believe the reputations for IJM developers is badly hurt.

Foreginers, if you want to invest, please read the comments b4 you invest here.
October 24, 2010 at 3:51 PMUnknown: At least SPSETIA will help you to solve the project but Management team of IJM DID NOT HELP AT ALLLLLLL.
October 24, 2010 at 6:37 PMPenang Fan: Winnie are right. I wrote 1 letters, 2 emails and I called the IJM HQ, Datuk once in K.L. and asked for a reply none responded. I find both Mr. Toh and the Datuk very rude and irresponsible. You would have expected them to treat me well as a valued customers to their luxury condos but instead I was ignored and treated worst then some low cost housing applicant. Very arrogant they are. Will never buy from them again.

Look the fitness centre has not free weights and the thread-mills are of cheap quality beside other things. Nothing luxurious about this Platino.
October 24, 2010 at 9:58 PMAnonymous: In reply to Penang Fan, Danial (sic), Raymund (sic – can’t you spell your ‘own’ names correctly?) and Winnie………No, I do not represent IJM but I do have faith in their construction standards and I believe that they take great pride in their products and aim to surpass expectations. I am not a fan of all their projects (Pearl Regency, for example) but I don’t doubt their commitment to quality. My only link with the company is as a repeat customer and as a friend of an IJM engineer and friendly acquaintance of some others. As the latter, I can see how professional and passionate they are about these projects and it annoys me when their efforts are subjected to such premature whining and bitching – especially when it’s my own properties you’re ignorantly slagging off.

While you’re entitled to your opinions as much as I am to mine you are not entitled to anonymously damage the reputation of Platino (nor IJM nor the architects, for that matter) with this wholly negative campaign of half-truths and untruths (albeit sprinkled with one or two fair but very minor criticisms). If your identities were known, some of you could be sued by IJM (not that you’re worth the bother).

Penang Fan and Danial……….The green plastic fence issue. That fence was clearly a temporary measure. The excess roll hadn’t even been cut off the end bits if I remember. On the one hand you guys accuse IJM of being arrogant, indifferent – even unscrupulous – yet on the other you claim that IJM installed the metal fence only because they listened to your complaints. I was told ages ago that this metal fence would be replacing the green one. (By the way, I notice that plants have recently been set along the new fence to green over it in time and barbed wire set along the top).

Raymund……….. Your unit isn’t worth the price you paid for it? Okay, why keep it then? Let me buy it off you. Whichever one it is - usually the biggest complainers are the ones with the smallest units - I’ll give you a FULL REFUND.

Raymund (again)……….. No “additional arch”. What’s this obsession you and Peter Grant seem to have with arches? Do you want Platino to resemble a scene from Arabian Nights? Why is an arch deemed to be a security feature? Because it keeps out double-decker buses?

Raymund (again)…………. You honestly complain because Platino doesn’t feature a tacky snowman and fake snow? (I have to laugh)

Raymund and Penang Fan(again)…………. The gym. There are lots of machines in the gymnasium, not just treadmills. If there’s anything specific that is missing you should speak to Management at Platino, not whinge again here. I see that there are dumb bells but I should think that if there are no other free weights that is because they would damage the wood floor.

Raymund (again)………… The entrance grille and kitchen. Now you are being extremely disingenuous. You knew full well, like the rest of us, when purchasing your unit that the condos do NOT include grille door nor kitchen. Most new-build condos here don’t.

Winnie………… Your recent comments are again libellous (though I guess you are too dim to know what that means). What you say is too stupid for further debate.

Penang Fan (once again)………. The reason that satisfied Platino owners don’t post anything positive here is because most people, I believe, have better things to do! It’s usually losers that spend a lot of their time posting, posting. I took the trouble to post these two entries only because I am sick to the teeth of hearing from people about what you guys are saying.
October 25, 2010 at 11:40 AMAnonymous: If anyone dares to post any positive comments on this thread please be prepared to receive personal abuse. At the very least you will be accused of representing IJM.

Mr Anonymous, go hide behind your cloak.
October 25, 2010 at 6:09 PMjeremy tan: i have to agree with Platino-owner.

His argument does have some basis to it. Why don't all of you wait till everything has been finalized before whining about it.

Now a days, RM350.sft is the standard price that you would pay for a condo in Penang. Some might even be higher. All of you should count your blessings and be contended with what you have.

There are many people out there who can't afford the things that you guys already have.
October 25, 2010 at 10:38 PMProperty talk: I am in full support of platino-owner courage to finally give all the realistic comments. Those who condemn and condemn are just opportunist and some may be just a Bayswater owner who is trying too hard to push Bayswater price above Platino. Raymund and Peter Grant are obviously a Bayswater owner who are too free to walk to Platino to snap photos. I don’t believe that those who keep complaining are genuine owners.

Sorry boys and girls, but Platino is indeed a fantastic project.

I have full confidence in IJM and their future project especially The Light Water Front
October 26, 2010 at 12:11 AMcondomana: Dear Platino-owner,

I agree with most of the things you said here, and I find your comments about the arches most humorous. However, you failed to comment about the kitchen sink. If those pictures are true, I am truly shocked! "Luxury condo" by IJM with such cheap sinks?? oh man! And the windows! Are those photos real??

Hi Jeremy,

You really think these guys are Bayswater owners too?
October 26, 2010 at 8:18 AMPenang Fan: Raymund,

Yes, I agree. These sinks are cheapies! Same as Spring's medium cost condo. Please post more such photos to expose IJM's short changing us. We bought a luxury condo and at such we expect quality. Some said we paid $350 sf but in 2007 that price is considered luxurious(as in May fair, Springtide Residence etc.) The Cove was only $250 sf.then. So IJM should honor that word luxury. These cheapy sinks are not luxury fixtures. By the way the playground looks like one built in one of China's public playground. Color is so tacky. The Architect has no some taste.
October 26, 2010 at 9:15 AMProperty talk: I love the playground. The colour is wonderful. Every people has different taste. Some like it black, some like white, others may be like red, green and yellow. There is no way to satisfy everybody or buyers but the colour chose was for kids. Please grow up.

How do you mount a good sink on the wall? Since this condo comes with no kitchen, of course you are not going to get a branded sink. Just remove and donate it away. You are meant to build your own kitchen. There is nothing wrong here. You guys are really inexperience in property or like I mention earlier, just a Bayswater owner.
October 26, 2010 at 10:00 AMAnonymous: My thanks to Jeremy Tan, Property Talk and Condomana for your supportive comments.

Condomana and Penang Fan…….. I agree that the kitchen sinks look cheap but I believe that there is a good reason for this. The specifications do not include a fitted kitchen (although they do include the sinks). I may be wrong but I understand that a developer has to provide sink units in order to obtain an OC : IJM provide just basic sinks ONLY to satisfy the OC requirement.

IJM realize that customers (well at least the quite affluent type who can afford Platino) normally customize their kitchens with sinks of their choice (their preferred colour or brand) as part of the installation of their individual kitchen from Matrix or Bofi or wherever : the original sinks tend to get torn out and it would be a waste of resources for IJM to supply more expensive sinks which end up being dumped.

I personally don’t mind the louvre windows in the kitchen (at least they’re transparent) though I accept that some people don’t like them. I certainly wouldn’t like them in any other room but I think they’re suitable for a kitchen.
October 26, 2010 at 11:14 AMsokohaw: No need to debate-lah, this project surely worth >RM350/sqft now, obviously IJM always sells their project at "future price". They encourage people to buy for own stay-mah....not for "goreng". Conclusion: Real buyer....happy, investor....mad!
October 26, 2010 at 1:19 PMDD: Any complaints on the internally build quality? Like tiles, wall cracks, uneven floors, low quality wooden flooring? I have not seen that so far, apart from the sink which i believe who every can afford this condo can afford to custom made nice kitchen with solid surface.
October 26, 2010 at 3:15 PMProperty talk: Even with some internal defects are ok as long as the developer takes the action to correct it in a timely manner upon defects submission. Timely manner means anything from 2-6 weeks. You can't expect that everything is perfect as the building and units are not built by Engineer but labourer.
October 26, 2010 at 5:12 PMUnknown: To all "Platino-owners-who-is-satisfied-with-IJM's-masterpiece",

If you are really a unit owner, you would have obtained your key by now. Please go inspect your unit and its surrounding.

If you can find things that is really "LUXURY", please snap a few pictures and share them with us.

Until now, I have not been able to find anything that I can consider luxury! Even the intercom (or Smart Home) unit is no better than Spring.

So, instead of arguing over who is right or wrong, please show us proof with photos. No point arguing with idiots who could not even afford to step foot into Platino. Talk is cheap!
October 26, 2010 at 5:22 PMcondomana: Dear platino-owner,

I apologize for my ignorance about the kitchen sink, as I have been a low-cost-apartment-buyer all this while. And even poor people like me also throw away these sinks and put in decent ones. As for the windows, well, hehe, personally I think it is very ugly, put I accept that you think it's suitable for the kitchen (even my low cost apartment get better windows then this, btw). Luckily you guys didnt pay more then RM350/sqft for this, otherwise have to throw rocks at IJM office already.

Hi Penang Fan,

Did you get the same sink & windows for your Bayswater? I bet you did too.:) But ok lah, I think you guys paid only ~ RM270/sqft for Bayswater if you buy direct from IJM.
October 26, 2010 at 5:59 PMjeremy tan: Dear Penang Fan,

You for one should know better not to compare an apple with an orange.

CA Goh's projects are all below market price. They are very well known for cheap, quick but with certain short-comings.

The same goes for Central Park and Gurney 8

There are many other projects that went for RM350/sft back in 2007. For example, Fettes residences and the brezza.

Despite the fact, that you are not please with your unit. I do believe you are making a profit from it already. So, please don't ask for Mount Everest when you are only paying for Mount Kinabalu.
October 26, 2010 at 6:51 PMavatar: Aiyo..look at photo that taken by Raymund. That kitchen sink, windows, half height wall tiles. I thought this is low cost apartment kitchen LOL.
October 26, 2010 at 7:09 PMProperty talk: Which condominium or luxury condominium in Penang provide branded sink that does not come with a complete kitchen cabinet and appliances? There is no point to provide a branded sink for this case. Even for the kitchen tiles, it is not necessary to provide at all even with a 5 feet height as you are going to build your standing cabinets and hanging cabinets.

The only let down here is the floor tiles which is not impressive.
October 26, 2010 at 7:46 PMUnknown: No point insulting each other now on how good or bad Platino is. Keys are available, everythings are out of the bag already. Just go take a look but be objective as to what you see. No need to be emotional.

I would like to invite all stalkholders; owners; IJM Management/Staffs, Architect, potentiate buyers and also observers and Apt-Penang readers to have a walk around at Platino and to view a few units. Owners please bring your keys with you, I will also open my unit to the group. Cameras allow!!!

Let's be objective and evaluate the project, I suggest the following (all can also suggest):-

1. Design and Concept
2. Theme (eg 4 seasons)
3. Meeting the Concepts/Themes - Wow!! Factor
3. Facilities
4. Quality of Construction
5. Choice and Quality of Materials used
6. Workmanship Quality
7. Landscaping
8. Good Feel!!

We are evaluating a Luxury Condo, so don't say it was only RM350/sqf. It is at least RM500/sqf at today price (looking at current advertised prices and Bayswater prices - btw Bayswater has some better quality stuffs than Platino)

So how about this Saturday? Just wonder how many dare show their faces, or continue hiding behind nicknames - Hey!! you IJM mgmt, contractors and architect please show up to support your project.
October 26, 2010 at 8:09 PMUnknown: Property Talk, Platino owner. Jeremy and Condomana please come forward to show us the good positive points of Platino.

I do have some :-

1. Very nice water theme - like the water fall sound.
2. Fast quiet lifts, metallic mirrors but ...
3. Lots of green spaces but no enough varieties of plants.
4. Saw afew units type B, F and D - good spacious design, optimise spaces well. Sufficient natural light from big windows.
5. Infinity pool is bigger than from photo
6. Gym room is good size with many windows, equipment wise look adequate (better than photo shot)

I will leave those areas with potential of improvement for the actual viewing.

So please don't disappoint us and not show up. We walk together as gentlemen and ladies and give our opinions then we can have coffee at Paparich. Who knows we might be neighbours soon.
October 26, 2010 at 10:39 PMUnknown: Hey Peter,
What time this Sat? Would love to look around.
October 27, 2010 at 6:58 AMUnknown: What time Peter? I will come also, my unit also available for anyone that wish to see how 'LUXURY' is our Platino...
October 27, 2010 at 8:55 AMUnknown: 2:30 pm this Saturday 30th Oct would be good, give us some time for coffee at Paparich after the walkaround and viewing.

Please gather at the ground floor of Block B, which is the block closer to the main entrance. There are afew visitors carparks but limited, just drive in and park at the assigned parking lots. Owners please bring your access cards and park at the basement carpark.
October 27, 2010 at 10:13 AMUnknown: Attention to all spy of IJM/management,

Please attend our gathering at 2.30pm this Saturday @ Block B, Platino. Lets discuss openly, no need hired here and there scolding people...
October 27, 2010 at 6:10 PMYes: peter grant,

you may require to extend invitation to ijm, engineer, architect via their email.

other than, raised concerna and comments over the issue you mentioned, it is also good to get involve into the management before the jmb set up.

check and balance
October 27, 2010 at 6:29 PMUnknown: Angel, thank you for your reply and I am glad you will be showing your apartment too. This will give our Penang friends an opportunity to see our Condo, a bit of "show-off" lah on our part. There are indeed some good views from the two towers and also features that are quite unique.

Real estate brokers, maybe it is a good opportunity to show your units that are in the market and get some closures. All are welcome this Sat.
October 28, 2010 at 7:06 AMPenang Fan: If you smell smoke there must be a fire. There are so many luxury condo in Penang completed but Platino is the only one that has so many negative feed back. If only one owner complain that is a different story but with so many there must be some truth in it.

This is a luxury condo no matter how much soft landing buyers paid. They took the risk and as the general pricing went up because of prevailing rise in Penang's property prices. So the comment that owners should shut up and be happy since they make profit is unfounded.

We paid for a luxury condo and we expect it so. Had we not complain we will still have the chicken mesh fencing. What about the wooden deck at the pool side? The gym without the free weights and the gate without a gate?

IJM need to look back and reflect on itself and make sure they do not short change buyers who fall victim due of their greed in making more profits. They have to respect and not short change her loyal followers.

An invitation to get IJM top brass rep to walk round with owners would certainly help.
October 28, 2010 at 3:31 PMUnknown: Peter and Angel,

See you this Sat at 2:30pm.
October 29, 2010 at 4:03 PMUnknown: Reminder... Tomorrow we are having a visit to Platino, all are welcome. Time is 2:30 pm, meet at the ground floor of block B.

Remember is this for us to view the project. Please focus on the condo and not on the people. So, no comment about engineers, consultants, apartment-penang readers or any one abilities or otherwise. Just provide your constructive feedback on the project and your observation be it good or that which needs attention. Have productive discussion with any of IJM personnel who are presence. Always shows mutual respect.

Hope IJM could provide some refreshment as it is going tobe a hot afternoon.(pun not intended).
October 30, 2010 at 8:15 AMDD: Apart from the blocked view, or future blocked view by Pearl Regency. Not much complaints. Well except for potential danger to kids on some of the water landscape. Ok maybe I am an easy going person.
October 31, 2010 at 12:25 AMUnknown: Peter and Angel were no shows today. A group of us waited till 3pm at the lobby, then went on a group tour around the grounds till almost 4pm.
November 1, 2010 at 12:24 AMPenang Fan: So how did the tour went? I was hoping Peter and Angel were there to give us more photos and their feed back. So disappointing.

For does who went. Do you all still think IJM short change us and does Platino looks luxurious or just another medium cost condo?
November 1, 2010 at 12:06 PMProperty talk: Expected. Those that complain so much are not genuine owners and most probably they are Bayswater owner or just a jealous person who cannot afford Platino.

Expect that they will come out and give reason why they cannot make it.
November 1, 2010 at 3:11 PMDD: I guess those overall exaggerated -ve comments were a bit premature by just judging the property from a distance. Nevertheless still some improvements needed by IJM on the overdone water features. Don't get me wrong, the water feature landscape is nice, but certain parts are quite dangerous especially for kids and during the night and during raining seasons. Very surprise to see how spacious the common area with this limited piece of land. As for the unit itself, tried very hard to find defects, (except for some minor defects on the wall paint which is easily considered negligible), nothing major. I guess IJM has spent a lot of time and resources going thru rounds before the vacant possession. Maybe due to big hoo-hah caused by certain people, IJM decided to beef up the details before VP.
November 1, 2010 at 11:02 PMcondomana: Hehehe...peter & winnie & penang fan must be bayewater owners as suspected.

Ok ok, i am getting out of here, I know I am not welcomed!..;)
November 2, 2010 at 1:25 AMUnknown: Hi. I own a unit in block A. Based on the selling price we paid in 2007 which is comparable to mayfair, gurney 11 etc. Platino still a bit behind but after visiting my actual units and the garden. The overall quality still acceptable.

Yes there are some minor defect works and the major one will be the back door where u can't install the grill and the gate at the entrance and if u access from the car park to swimming pool area. U gonna mind the step as the put both tile are on the same colour which may cause the kid or older people to fall.
November 3, 2010 at 7:19 PMTim: It is not easy to serve monthly bank loan instalment of ~3K per month (if the borrowing is 500K-600K).
November 3, 2010 at 7:41 PMsan: New rules to cool property speculation
November 03, 2010KUALA LUMPUR, Nov 3 — Bank Negara has implemented a new loan to value ratio of 70 per cent for homeowners buying their third residential property as it seeks to moderate property speculation.

The central bank said in a statement on Wednesday that financing facilities for purchase of the first and second homes will not be not affected.

“The measure aims to support a stable and sustainable property market, and promote the continued affordability of homes for the general public,” it said.

The new measure will be implemented with immediate effect, the central bank said. — Reuters
November 3, 2010 at 7:42 PMsan: BLR is expected to go up also.
November 4, 2010 at 12:02 PMDD: Funny that banks are desperate to increase loan out amount at least for some banks. Even with higher BLR, banks are giving away higher - values. like BLR-2.3% etc. Thus, banks can always increase the minus value to off set higher BLR. Also, at least I know one bank is giving away FD rate + 1% (or less depends on amount) on completed projects. and no tie down period and no penalty for early release (but not refinance). The package was created for investors. One hand Bank Negara trying to curb speculations of properties on the other banks and developers are trying hard to encourage that. Irony of the economics.
November 5, 2010 at 7:22 AMmax: Platino could be the 1st condo to burst due to high holding cost (Bank instalment, Bank Interest, Maint fee...etc)

With the new 70% LTV set by Bank Negara, it is more difficult for those buyers (who own 2 properties) to upgrade because they need to dispose off 1 of their exisitng properties.

*Less investors nowadays due to escalated property price. And investors are more keen in new projects but not from the subsale market. The buyer pool could be limited to those intend to upgrade

On top of that, the cost of capital is higher as the buyers need to fork out more cash, 30% of the purchase price (where you can keep in ASN at the return of >6% per annum)to fund the purchase. In the past, the buyers can just rely on the bank loan to cover 90% of the pruchase price at much low BLR rate ~4%.
November 5, 2010 at 7:43 AMUnknown: Penang people will not face any problem with the new BNM ruling of LTV 70%.

Penang people are CASH-rich. Most of the big-time speculators here buy with CASH and do not need to borrow from bank.

Just think...if you are a bulk purchaser of the Light, which bank will give you a loan to buy 5 properties at one go? According to my survey, these people do not borrow from bank. They use their own cash to buy.

And from the BNM statistics, Penang has the highest FD in the country. Penang people are the most KIAMSIAP in the country....
November 6, 2010 at 5:33 PMTim: For sure, the cash rich inveestors can afford to hold the property but it is at the expense of diminishing profit (selling price is stagnant due to the over supply situation).

An inventor will not buy property from other investors in view of the current supply and price (Based on an article in iProperty magazine, the normal propoert appreciation is 3-4%/year with the exception of 2007-2010). The investor would rather to keep the money somewhere else to earn interest, wait and see.

The pool of the buyer is confined to the real buyer who wants to buy and stay.
November 14, 2010 at 6:52 PMSummer: Why now not people made complain?
November 14, 2010 at 8:51 PMUnknown: SP: Why now not people made complain?
Answer: Because they are now busy trying to sell their investment off....

Bad comments will drive the prices down...
November 14, 2010 at 9:08 PMUnknown: most of the 1st hand buyers are mainly investor... they don't really care so much the quality. they care most is to sell of the unit fast and make profit....
November 15, 2010 at 11:47 AMPenang Fan: My comments as a buyer and none investor.
Got my keys and was taken around for inspection. I found some minor faults and generally satisfied.

The keys and owner's manual was well presented in a black zipper binder. I found the male and female changing room need a proper divider as it is quite easily acess between the two rooms divided only by a shallow pool of water. One can just walk over to the other sex changing room why wadding across the shallow pool of water. So women watch out for intruders!

I strongly feel that the open gate should have an additional auto sliding door as a security precaution in an emergency.

As for the gym. I find it too sparse and there are only 3 thread mills and lack of other popular equipments eg. the elliptical machines, stair climber etc.

Also there is a section of the walk area towards the gym area that need to be evaluated for safety. There are open water trenches which was part of the architecture feature. I think it is a bad design. I find that a flaw as unknowing visitors can fall into it easily.

The home smart wireless remote system(for control of air cons and lights) and the panic button is a bonus unfortunately if you need to require you need an electrician who know this system to avoid damaging the system.

Lastly I find the visitors car park very small and grossly inadequate for a condo of this size.

On the whole the condo look spacious and airy. I am quite happy after viewing it and I hope there will be more improvements made soon.
November 17, 2010 at 10:53 AMYes: dear penang fan,

i agree with your comments, probably, should address this issue to ijm management via their email or written in officially.

or anyway to form the JMB as soon as possible.

usually, developer will leave it to the last minutes which is one year after vp.

forming of JMB provide all owner a platform to raise concern/query to the developer as well as gather/unite all owner to 'demand'/'push' developer to improve or take immediate action in a proper documemented approach.

check and balance is required to ensure customer's interest is protected.

just my views only
November 18, 2010 at 10:46 AMLouis: Seriously, i was so keen to own one unit of this Platino for stay before this project completed.I m thinking to buy 2nd hand though all units were fully booked. i was so shock that plenty of complaints & drawbacks arise from the forumers so far & its never ending...definitely all these would set me back from considering to buy... such appointment.
November 18, 2010 at 10:17 PMUnknown: To all agents & brokers,

Please do not put up ridiculous prices!
There are NO BUYERS at that price!

Please be reasonable if you want to sell off your units
November 19, 2010 at 1:27 AMUnknown: Louis, if u r serious buyer I would suggest you take a look at actual unit and common areas. Feedback from forumers may not necessary represent actual situations. Seeing is believing.
November 19, 2010 at 8:11 AMAnonymous: Dear agents,
with the millions and millions and millions asking price here at platino, how is the sales so far?

Whichever agent that can sell a unit here,wow, that will be "fat tat" CNY for them lor, 2% commission = RM20k.
November 19, 2010 at 11:30 AMLouis: Thanks SC. do u think i am not been to the actual unit for viewing. my friend the future resident in Platino, feel disappointed & willing to rent it out rather to stay. He is real quality property investor not only invest in Pg but also in KL & HK. No joke for him in this huge property investment! Follow his step will not goes wrong i think !!!
November 19, 2010 at 1:50 PMtan: too expensive
November 19, 2010 at 1:51 PMtan: its too high
November 19, 2010 at 5:42 PMUnknown: To interested buyers.....

Wait till it come down to 600k++..
Be patient.
Look at the View...
It is now going for 600k++ only...
November 20, 2010 at 6:36 AMsan: Not so soon.

The prices may drop after the investors pay the interest (RM2K/mth for RM500K loan) and maintanence fee (RM300-500/mth) for some time.

Platino is the highest price condo just join the subsale market. It requires high holding power.

The potential buyers are those buy for the purpose of own stay (not that many in the market currently). You should not go in if you mean for investment purpose.
November 20, 2010 at 3:50 PMWarner: Can anyone share the recent transaction price done for Platino? That will be a good refence for buyer.
November 20, 2010 at 11:56 PMAnonymous: compare to Platino, i found out that Tanjung Bungah 3 storey landed terrace is also selling at RM1.2mil, freehold. Sounthbay is also ～ the same price.
So wise investors, please advice me, should I get Tanjung Bungah landed, Southbay landed or this Platino?
November 20, 2010 at 11:58 PMPenang Fan: According to IJM staff there were less then 2 sub sales transaction so far. There are still a lot of greedy speculators unsuccessful in selling theirs with a huge profit.

I suspect prices will slowly go down to a more realistic level. Currently speculators are dreaming of a 40% profit for a 2 1/2 years wait. But they can dream all they want and ask for the sky but for now it will only be a dream.
November 21, 2010 at 9:01 AMTim: The big winners are...The developer, The Bank, The buyer bought during the launch (for own stay) and the investors (managed to sell off their units)

A lot of the investors might be bleeding now.

You still want to rub salt into their wounds?
November 22, 2010 at 9:23 AMPenang Fan: I suggest waiting for 6 months and speculators will start selling at cost or lower as they will not want to continue paying interest and monthly fees.

They will not be attracted to renting it out as it will mean locking their capital up for other properties speculation. Beside damaging the properties due to negligent rental.

Look for realistic pricing. Correcting to around 380-450Rm SF.depending on views and floor level.
November 22, 2010 at 3:34 PMKevin: maple,
your question is a no brainer for me...go for southbay...or if you like tanjung bungah location...go for landed property... if you buy platino...do consider the monthly maintainance fee...can you afford to pay for your life time staying there? why not take the money and use for other stuff?
November 22, 2010 at 9:11 PMtan: Not sure why property in Penang is considered as Low Return...Your thoughts?

By Sherry Koh I Nov 21, 2010
Changing mindsets towards money-making decisions

--------------------------------------------------------------------------------

CEO of The Haven Sdn Bhd Peter Chan

CEO of The Haven Sdn Bhd Peter Chan says, "Often, our mindset is formed over time and subconsciously, it can block creativity and successful decisions."

He then elaborated on the dangers of stereotyping people and races as it blocks relationsips and opportunities between people. Just like how when Galileo said that the world was round, people condemned him. As we know, he was right and the world was wrong. He also cautions that everyone has different opinions and we should respect each other. With regards to property, he says that analysis changes each time the price changes. It is wrong to assume the following:
- High price, high risk
- Low price, low risk
- High risk, low returns
- Low risk, high returns

Chan points out the fact that there is no co-relation between stakes, risks and returns. In terms of localities, Chan shared some of his personal opinion on a few localities according to price, risk and returns.

- Malacca: Moderate, High, Low (Price, risk, returns)
- Port Dickson: Low, Moderate, Low
- Penang: Moderate/High, Moderate, Low
- Selangor: High, Low, Low/Moderate
- KLCC: High, Moderate/High, Moderate/High
- Ipoh: Low, Low, Low
November 24, 2010 at 7:19 PMbaystar fan: If u want to buy a unit in Platino condo , pls read :
A secure source reveal that most of the buyer in Platino are work in factory with dual income family . Monthly income from both side are ard RM 10K . They intend to earn fast money !
They saw their fren earn huge money through Bayswater .......
But with more n more IJM property along the Jelutung expressway ( Summer Place/Spring), they will found NO tenant / No subsale buyer interested in this condo .

The price SURE down b4 CNY , watch Out !
Recession is coming + BNM new rules of 70% LTV ....not joking

I agreed with Rick , The View price still droping ....
November 24, 2010 at 9:30 PMtanprop: Tang and Rick, I don't think the price is going to drop just yet, not before or even soon after CNY. Platino units do have the edge in rental market. Look, Platino is suppose to be one class above bayswater, and Bayswater rental is fetching ~3k currently, as long as platino's owners willing to lower down thier expectaion and just match that number, it is good enough to cover a big portion of installment and there shall be no problem in holding on the units. And since the demand is already proven with this rental rate then why should Platino owners be worry? Perhaps bayswater owners should feel the worry, as tenants may just switch to platino in this case.
Furthermore, for platino owners to dispose the units now they will have to bear the bank penalty and RGPT, kinda lose-lose situation.
November 25, 2010 at 12:22 AMsokohaw: So happy to see got people offers The View RM580k with 2068sqft and even Skyhome the super condo RM2.4M with 6300sqft, I thought can grab cheap condo over here........unfortunately still million million sound, how to buy from you guys?
November 25, 2010 at 8:57 AMAnonymous: sokohaw, yeah, i check The View price offer history:-

The View:
year 2008: asking between RM700k to RM950k
year 2009: asking between RM680k to RM750k
year 2010: mostly asking RM600k to RM700k

and now sokohaw saw ppl offering RM580k...the trend is obvious, it is dropping.

"Luxury "Platino will kind of see the same trend like The View. Maybe need to take 3 yrs for the price to come down 20% to 30%.

For this kind of "luxury" condo, maybe RM700k+ should be a fair price?

Platino owners needs a strong holding power, don' forget the maintenance is really eating into it, other than the bank monthly installment. The maintenance here is easily RM300 to RM500 per month.
November 25, 2010 at 3:23 PMBL: Any condo unit price exceeding 900K and above will definitely facing huge pressure to subsale.有能力买的；已买！
要买的；太多选择！
November 25, 2010 at 5:30 PMMaverick: Hey, look up for the photos sharing and I'm really surprised with the workmanship and quality made by IJM. This is not a super condo but the price selling like a super condo? No comment, I just don't know how to convince myself with the evidence above.
November 25, 2010 at 5:46 PMUnknown: if i want to buy from subsale, i really can think of any reason motivate me to do so... expensive, lousy workmanship....
November 26, 2010 at 8:15 AMAnonymous: Agents, please note that our units have both been SOLD : Block A, 9th floor, Type F and Block B, 17th floor, also Type F.

Please remove these from your listings but thank you for having marketed them.

I disagree with some of the recent comments. In my experience there has been a huge amount of interest in Platino. Most of the current asking prices are not unrealistic actually.

Other than unit size Platino has much more in common with Bayswater than The View (the better location with shops and dining nearby, same developer with its reputation, similar quality) so I should think prices and sales activity will more likely follow the Bayswater pattern (where prices went UP).

I disagree that there is "huge pressure for subsales" and that "a lot of the investors must be bleeding now". How can they bleed when realised prices have already shot up? I see a lot of professionals and businessmen keen to buy a unit as a home and some for rental investment (consensus from property agents and the relocation experts who house corporate executives seems to be around the Rm 5,000pm mark for a furnished Type F) : they don't seem to be complaining about the current price range - at least for the smaller units (although I have no idea about the largest ones).

One can expect market activity to heat up further once OC is obtained (early December), of course.

There aren't as many units for sale as it may appear. Many advertisements are duplicates by different agents. (On one classifieds website I once counted 19 adverts for a Platino studio, for example, yet there are only two studio units at Platino).
November 27, 2010 at 10:22 PMsan: Unfortunately, the Platino studio has been posted in a lot of property blogs/advertisement since 3 months ago.
November 27, 2010 at 10:33 PMsan: If you mind checking,

The studio unit was posted on fullhouse on 13-Sep for RM580K (the oldest record I can find)

It is also posted in Mudah.com on 26 Aug 10:04 for RM600K. (Mudah only keeps 3 mths of record)
November 27, 2010 at 10:43 PMJT: There is only 1 studio unit per block. Initial selling price <=400k and now asking for 600k, the intended return is probaly higher than those standard, bigger units. No harm trying though since holding will not be problem due to the lower price. No harm and just wait for "eager" buyer to come by..
November 29, 2010 at 5:54 AMUnknown: Other than IJM or the buyer claim it's Luxury Condo. From the actual things given, I did not see any 'LUXURY'. Furthermore it seems like mid range condo selling in high price. Cant understand!!!
November 29, 2010 at 5:55 AMUnknown: Feel like kena con liao.
November 29, 2010 at 7:57 PMAnonymous: This is same happening at Platino and other high end condos alike:
马哈迪警告房地产市场泡沫化

http://malaysiakini.com/news/149459
http://malaysiakini.com/news/149472

政府准备兴建100层“独立遗产”摩天楼计划，不但引起网民激烈反对，如今就连前首相马哈迪也开腔反对这项计划，因为大马的房地产已经供过于求。

他今早在吉隆坡出席一项“重新检讨2020年宏愿”研讨会时，被一名出席者问及摩天楼计划时，回答说：“如果你问我，我们不需要100层的摩天楼”。

四处看到建筑物出售启事

他表示，这是因为马来西亚的房地产市场，已经供过于求。

“我四处都看到有许多出售与出租的启事。这证明我们已经拥有很多建筑物。”

警告房地产市场可能泡沫化

马哈迪的答复，获得台下热烈的掌声。结果马哈迪笑称，“这是否意味着，你们同意我的意见，并且反对政府？”

他也警告，马来西亚供过于求的房地产市场可能出现泡沫化，可能重蹈之前日本和迪拜的覆辙。

“没有人住在建筑物内，那些买家都是用来投机，高价炒作。”

“迟早将会出现，你无法以更高价卖出去，也没有人要买。”
December 2, 2010 at 7:43 AMtan: 19 advestisements for 2 studio units...

Interesting...Shall monitor the posting in newspaper/internet of these 2 studio units (since they are so easy to be identified) to gauge the subsale market situation and investor holding power/willingness to hold.
December 2, 2010 at 11:35 AMsokohaw: 2600sqft selling at 1.4M some more say "only"..........how about Delima Palace 2600sqft with 800k, stock clearance sale? Really don't know how to justify Penang condo market now a days!
December 3, 2010 at 1:14 AMUnknown: Sokohaw pls don't compare Delima Palace and Platino... totally different grade condominium and different location
Delima Palace in front some more got low-cost flat
if you really can't afford to get it pls just sit beside and shut up !!
why not u compare Platino with Waterside ???
December 3, 2010 at 3:01 PMsokohaw: Wah, so fierce & so rude.......must be a very desperate owner........I thought Platino owners majority are "cash rich" + high morale investors, why so excited by reading an "ignorant" opinion then? Unless you are running out of holding power or regretting what you own?
December 3, 2010 at 7:38 PMtan: Something we can learn from the findings on the 2 Stuodio units.

Even though the studio units could not be sold out since few months ago, the asking price still goes up (I saw from mudah.com yesterday that the latest price is MYR620,000).

This creates a wrong perception to the potential buyer that the price is on the up trend to lead the potential buyer to buy.
December 5, 2010 at 11:17 PMUnknown: If Platino is considered "Luxury" then what is the Light Waterfront, Super Luxury? Just came back from the long queue of collection II soft-launch today, studio at 700psf, and bigger units at >580psf. However i stil l find this price more worthwhile than platino of ~500psf. first of all, i don't have to pay for the agent,s&p and loan fees, which is over-killing. Secondly, the design and architectual for The Light is world-class and claim to match that of canary wharf in england, dockland in melbourne, and toronto queen. Third, residents are free to roam around the whole areas freely with shared facilities, such as pool, gym, and coral reef. I don't know why they gonna manage this but the concept is cool, there are easily 6 pools there in the future. Green concept, recycle material, rainwater harvesting, hybrid energy systemm wind turbine. Interne and broadband ready. Vacuum port also there. There will be free kitchen cabinet, air-cons, and heaters. Last but no least, this is a price a 3 years time to come. The only thing platino has the edge now is the E-gate and Tesco, however this can be superceded when the light commercial started. Go for Light point, collection I, II,or even the III and IV if you want to consider platino. I am sure you are smart enough to make a choice.
December 7, 2010 at 2:44 AMspinnaker: Sun,

You forgot to mention that Platino has an emergency "jalan belakang" escape route (from traffic jam) thru the Marine Police quarters..

If IJM doesn't build a special lane for Light residents exiting the Pg Bridge into their homes, meaning these guys would have to detour all the way to TNB chimney/TDLCE Expressway sliproad..and fighting with Pearl Regency+Platino+Bayswater+Lanai Sri Condo+whole Light community at that junction...there's only 1way to describe it: BOTTLENECK SUFFOCATION
December 8, 2010 at 12:39 AMUnknown: guys... pls dont buy any IJM projects! This luxury platino yet to get OC until today. All owner wonder why, but cannt get any answer from IJM. They just put blamed on government. Everybody started to pay installment already but cannot do anything. Very bad to the speculators because they cannt make it to sell but have to pay installment already. I heard owner take stone throw to mirror near play ground due to OC cannot obtain !
December 8, 2010 at 7:30 PMAnonymous: I wonder who you are, 'Danial' - some former IJM employee perhaps with a grudge to bear? Or someone who failed to obtain a unit? (I can't imagine any owner continually posting such comments). Your campaign of untruths and half-truths against this developer is relentless.

The truth is that the OC HAS been obtained. We owners have received written confirmation (another clue that you're not one).

Hmm, if anyone has thrown a stone through that window it's probably some sicko coward who spends the rest of his time posting lies on the net.

Most sincerely,
Platino-Owner (as opposed to the similarly named 'Platino Onwer' who posted recently)
December 8, 2010 at 8:47 PMAnonymous: Platino seems like dropping in price.

Look at 2056sf type, agent was calling for ~ or >RM1.2mil

Now asking for RM970k...a drop in RM230k!
A drop in 20% of price.

Seems like the luxury speculators "investors" for luxury Platino has no luxury to hold onto the price.
December 8, 2010 at 10:44 PMAnonymous: Cas, Danial, Raymund......... I can't help but feel that month after month one person is posting all these misleading claims under various nicknames. (The diction and tone and snide comments are so similar).

Who else would bother to keep posting on this thread if they weren't interested in buying or selling or weren't owners or agents?

In my opinion this thread has really been sabotaged. It's no joke because feedback from agents is that prospective buyers have been voicing concern about this misinformation which they read.

While everyone is entitled to voice an opinion about Platino or any developer or development - positive or negative - there are downright twists and lies being posted here.

It is NOT TRUE that owners have generally been asking RM 1.2 million for Type E units and have now reduced to RM 970k. It has been difficult for sellers to gauge values in this new secondary market but asking prices have remained much the same. (Now that the OC has been obtained I shouldn't be surprised if there's more upside).

'Cas' - I personally know of 2 units which have been sold : one at a profit of 43% and the other (with a sea view) of over 54%. So the persistent pest on this thread can stick those facts up his anonymous ass.
December 9, 2010 at 12:03 AMAnonymous: 43% and 54% gain is really handsome profits, so genuine buyers who are looking for Platino, with 43% and 54% seller's profit in mind, you should know how much you need to bargain right? ;)

house owners who sold are happy, agents are smiling all the way to the banks, buyers are also happy owning a dream luxury condo :)

By telling the facts, based on this page4 agent asking price alone, copy and paste:-

-2056sf type E 2cp -4r 4b RM1.1m
-2056 sf (Type E) -2cp RM1,1m
2056sf = Rm 1 mil
Type E 2056sqft - RM980,000
2056sqft(Type E)
Asking price:980K
Block A : Type E (2056 sq ft)
Asking price :RM900k
2056sf-rm990k
TYPE E-2056SF: 988K
selling price ***rm970k nego***

Thats the trend we are seeing
December 13, 2010 at 5:42 PMUnknown: Dear all agents/speculators,
There is no necessary to put up so high prices. It is just a waste of time! Hoping the God will send u buyers? Fat chance....Better go home and dream...

Put 30% down, and u can get some buyers...
December 13, 2010 at 6:18 PMUnknown: this is funny, there are only sellers posting, day to day, month to month, keep posting, but no buyer...haha..wondering how ridiculuos of sellers. Good Luck!
December 13, 2010 at 8:52 PMtan: The bubble may burst in Platino due to high cost.

You shall wait for another 6-12 months if you wish to buy Platino.

Those condo below 400K should be able to hold the line.
December 16, 2010 at 2:07 PMeng: E-gate Tesco will move out to Seri Tanjung?

http://www.apartment-penang.com/2007/11/tesco-hypermarket-in-seri-tanjung.html
December 16, 2010 at 2:51 PMtanprop: Kinda agree with Sun, if one going to pay >1mil for an unit at Platino, then might as well go for The Light. psf for The Light may be higher but looking at the architecture and full infrastructure in the future, the potential is much more promising especially looking at the mean of investment. Light collection I 1500sf 3 car parks were asking from ~1mil during soft launch, this is quite comparable to the asking price of platino bigger units currently. However the light offers unique architecture, direct sea/bridge view, and a first-of-da-kind coral reef pond in penang. So which do you think the tenant would choose, platino or the light? Furthermore, The light in under construction and this is the price in 3 years to come, potential still there. The risk for The Light is that the commercial portion may not realize, platino still has the tesco and e-gate, that's the edge.
December 18, 2010 at 12:51 PMUnknown: pls..tolong, dun post any unit for sale anymore...every boring ler....can we get some buyers here at least...
December 19, 2010 at 10:30 AMtan: Fettes Residences is a better choice at RM 1M price.
December 24, 2010 at 8:44 PMPenang Fan: Have you all noticed there are 2 saunas? Why do we need 2 saunas is beyond my understanding. It would have been nicer to have a steam room instead of 2 saunas. Beside all luxury condos has at least and open air jacuzzi except Platino. I personally prefer one in the changing room as we have lots of room there and also some privacy. I suggest owners write in and request for one. I would also like to see drinking fountains in common areas eg gym, changing room, library room.
February 10, 2011 at 6:38 AM亨利陈: Raymund, what a nice photo, this "LUXURY CONDO" is really a joke. Look at the swimming pool...
February 20, 2011 at 9:14 AMLiew: Many postings from sellers but where are the buyers? Personally, I think the prices quoted are way too high for a substandard development. The photos and comments posted so far are more than enough to convince me to give this project a miss.
March 5, 2011 at 6:35 AMalan: I guess it is not easy to sell once the condo price exceeds landed propoerty price.
March 8, 2011 at 2:45 PMLouis: Ijm platino buyer bought like hot cake; but now ppl so keen to sell off.
No confident to invest to ijm project now.
March 8, 2011 at 2:57 PMKS_rev: Louis,

Every property in PG island is sell like hot cake during launch. Those ppl even queue 2-3 nights before the launching day, or hire bangla (pay them few hundred to thousand) to queue. But how many of them are genuine home buyer? I bet 75% of them are speculators (I emphasize, SPECULATORS, they not qualified to call as investors), they only thought of buying during soft launch and try whatever effort to push the price as high as possible until project OC, then try to sell off as soon as possible without paying much bank interest/loan. They have no intention to stay or keep the property (for rent) at all.

So sick of seeing these kind of scenario.
March 8, 2011 at 3:43 PMUnknown: Property market is under boom cycle now, so it is not surprising to see long queue during new project launches. I have personally participated in few of these queuing including southbay, summerplace, light linear, maritime square, collection, and the most recent elite height, but at least i honour the moment myself and never engaged foreign workers. There is no 100% success story each time but at least I still manage to own few of them currently. I have no intention to flip it after O.C or even as soon as after s&p signed. I am looking for rental return and long term capital gain. I am not chipping-in as a group, and forked out the upfront cash through my own pocket, even after the 70% LVR capping being introduced.

So KS_Rev, am I belong to the group/individual which making you sick?
March 9, 2011 at 9:58 PMtan: The overnight Q is due to the discount offered by developer.
March 12, 2011 at 1:47 AMGnek: Has been a long while since I last posted a comment here. The posting list has grown to the 5th page now.

Glad to see a good number of posts from all interested parties. Some were good and constructive but others were simply missing the point.

A web site/blog such as this is a platform for netizens/investors/property enthusiasts to share information and serve the fitting purposes. To use the Web to sell a property, especially of significant value, is a long shot. The best way to buying/selling a property on the secondary market is probably still thru some well-connected agents. Of course the unit's marketability depends on the location, view, furnishing, and the asking price.

Best of luck to all!
March 24, 2011 at 9:59 PMtan: Tighter control/guideline to loan applicant to be imposed by Bank Negara.

You may need to make up your call to buy or to sell quicker.
March 24, 2011 at 10:14 PMTim: When the condo price touching the landed price, most of the people will opt for landed.

You have the freedom to design and renovate to your wish, to park your car in front of your doorstep, to make a garden, to keep a pet, to avoid monthly maint fee (that may be enough for food when you retire) ...etc.
March 25, 2011 at 7:27 PMalan: If the loan amount is 500K at 6.3-2.0=4.3% interest, the annual interest and maint fee to pay is 25-30K.
April 6, 2011 at 12:24 PMUnknown: comparing the price of psf, it is on high side as to surrounding development with similar facilities. i think i will go for central park.
April 14, 2011 at 10:11 PMtan: hongsoon,

You should consider a 2 storey house instead of condo.

It is very painful to pay RM400-600/mth for the maint fee.

This amount of money is enough to pay for the monthly meals of an old retired couple.
April 27, 2011 at 12:53 PMkucing: tan,

I think nowadays the trend has changed.

young generation might prefer to choose condo instead of landed property because :-
(i) various facilities for modern life style
(ii) better security & privacy
(iii) good view, less or no insect/pects for higher floor

That's why the condo is selling at such a high price nowadays ! Especially those well-maintained & good facilities condo.
People are not just buying a property, they are buying a "life style" !
May 1, 2011 at 3:00 PMtan: wwww.srishanbid.com autions an unit at 778K 2056ft.

You should grap it if you like this condo.
May 3, 2011 at 4:22 PMkucing: Tan,

I just check the website, this is not bank auction, it is an open auction ! Meaning the owners employed auctioneers to auction the property in order to sell to a high bidder !
You are not definitely getting the price of 778k as you need to out bid the others !
This is the new trend of selling properties as nowadays people are so crazy about buying properties and sometimes this craziness can cause the auction price to bid until a ridiculous level and very good profit margin for owner !

Recently I heard one landed property (3000 sq feet) with run down condition at Ayer Itam was sold at auction for 1.7 million from reserve price of 900 k ! That is far far higher than market price !!
May 18, 2011 at 10:14 PMlim: It is struggling to sell Platino in the subsale market at this price.

To make it worse, BLR goes up & inflation goes up will cut big ticket spending.

It will takes few years to digest.
May 19, 2011 at 5:55 PMMoreThanHappy: Houses in this island is getting crazy... it will give diffculty to those next generation where to pay off a house shall need to proliferate to another generation ... a human size is just 6 feet, why need so big house and need to pay so much to get a place to stay... this world is too materialistic... now..
May 21, 2011 at 11:03 PMGnek: To the contrary, I have personally come to know a few Platino owners who have recently sold their units for some handsome profit; and several who bought on the secondary market and plan to move in soon.

To do well in the property market isn't a walk in the park. Owning one is not even half the story, what you do after owning it is where the "money" is.

Even when the market is hot, it's usually the top 20% or less get transacted, let alone those units without the desired view, correct fengshui, preferred floors, interior design and furnishing, and other reasons for potential buyers to consider. In fact, if these things are done right, these properties are in good position to do well regardless of good or bad time.

A few may get lucky; but to just let the unit sits and expect "good" offers to come knocking is a long shot, especially when the majority of Malaysian property investors are still not used to buying on the secondary market. In our neighboring country, they have a better way of putting it: wait long long.

Cheers all.
May 29, 2011 at 10:01 PMTim: 3地段有新主人‧18屋無人問津‧“業主拍賣會”不冷不熱
• 北馬
2011-05-29 11:47
•
全新概念的“業主拍賣會”，首次推出的18間房屋找不到新買主。（圖：星洲日報）

（檳城）業主定價太高，昨日（28日）首次在檳城主辦的“業主拍賣會”的18間各類房屋無人問津，倒是3塊總額達400萬令吉的土地找到新主人。
為避免房產炒家在產業拍賣會炒高房價或以不正當手段收買別人，Srishanbid在檳城落實一個全新拍賣概念，即直接為業者拍賣房屋或地段，讓有意購買的民眾依據業主所定的價格叫價，價高者得。
然而，相信是業者把房屋的價格定得太高，昨日拍賣的22項房屋和地段，一些在檳島的豪宅（定價105萬）比一塊位於威南的土地（定價60萬）貴一倍，以致18間房屋全拍賣不出，至於4塊地段中，有3塊脫售。
拍賣官：業主把房價定得過高拍賣官沙姆干說，從昨日的行情來看，業主的確把房價定得過高，他會把有關情況反映給業主，希望他們可調整屋價。公司將於7月3日在愛心大廈再主辦一次拍賣會。
另外，世界不動產聯盟（網絡和市場）副主席倪傳鵬說，儘管當天的產業無法出售，但這不代表拍賣會不成功。
“目前出現2種情況，一是屋主不懂為產業定價；二則是民眾負擔不起過高的房價，當天的情況顯示過高的房價讓民眾沒有能力購買。
June 6, 2011 at 1:40 PMalexenjoylive: Owner not able to sell at 900K above or 1 mil. Buyers who want to buy a life style there for that price are close to 1-2%. Subsales or let go definately not success. Plus raymund and peter photos on there. Eventually owner will need to hangon until water fish come in or else you can sell it at 600-700k to beat pearl regency. 1 mil there are so much landed house choices. Wake up! IJM markup price too high already for this platino.
June 6, 2011 at 2:49 PMcondomana: Dear alexenjoylive,

IJM never mark up lah. It's the greedy speculator owners who bought the units at RM330/sqft and now trying to sell at RM500/sqft.

However, based on the one comment before your latest comment about Srishanbid's auction, there were no interested buyers at the auction for one 2659sqft platino unit selling at RM1.05 mil (works out to be RM395/sqft). The unit is on 18th floor. By today's standard, RM395/sqft is not expensive for a condo, but I wonder why people don't like platino. Refer to link below for more description on the unit.

http://www.srishanbid.com/maypropdetails14.asp
July 19, 2011 at 7:22 AMtan: Wait.

US is back in big trouble. Check how the stock market performed in the last 2 week.
July 19, 2011 at 7:47 AMTIMAS: tan,

You better "tan ku ku" la, Dow Jones not related to penang property price.
July 19, 2011 at 9:55 AMcondomana: Dear TIMAS,

You are in a way right, Penang property price is definitely not linearly correlated to Dow Jones Index, unless you're talking about a major financial disaster in the US, something like eehh...a credit downgrade or a gov default (which is unlikely, eehh...I hope)....:D

Penang property is much more related to local effects, like residential demand, local resident income, a little bit of foreign buyer demand, local sentiment, raw material cost, land cost, credit availability and last but definitely not least, speculator/investor demand...:)
July 20, 2011 at 10:23 AMTIMAS: tan,

today Dow jones ramped up, how?
July 29, 2011 at 6:33 AMAmin: Not sure this guy is a dumb or a dump.

Go to do some homework to understand the underlying causes of the US stock market crashed in the last 2 weeks.

Every investor is panicked now. US government does not even have the $ to pay its civil servant if the bill is not passed next week.

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