The Light Waterfront

The Light Waterfront designed as Penang's first integrated leisure, retail, entertainment and cultural destination within an upmarket and luxurious waterfront living enclave, The Light creates a totally new experience for Penang visitors and its residents.

This site will have a commercial district with dining promenades, different malls for family, fun, IT savvy and upmarket fashion-conscious types, four hotels ranging from family to resort, boutique / spa and business high-rise, a floating cultural theatre and convention centre.

On a site of 152 acres of land on Penang Island's eastern coastline, the bold vision of IJM Properties Sdn Bhd, Malaysia's foremost developer and pioneer of many overseas projects, is fast becoming a reality.

The transformation of this excellent site into a global village, to be called The Light, has begun. This RM 6.5 billion project is under taken by Jelutong Development Sdn Bhd, a subsidiary of IJM Properties Sdn Bhd.

The Light represents IJM’s pioneering challenge to showcase the biggest and the best in integrated waterfront living, with residential, recreational, entertainment, business, hospitality, education and commercial components all in one dynamic hub.

Phase One (Residential)
The Light Linear
The Light Point
The Light Collection I
The Light Collection II
The Light Collection III
The Light Collection IV

Phase Two (Mixed Development)
• Family Hotel
• Residential
• IT Mall
• Corporate Park
• Signature Office and Showroom
• Resort Hotel
• Marina
• Premium Waterfront Living
• Office Tower and Business Hotel
• Banquet and Conference Facilities
• Fashion Mall
• Boutique and SPA Hotel
• Family Hall
• Active Mall
• Waterfront Dining and Entertainment District

Phase Three (Sea Front Park)
• Sea Front Park

Phase Four (Future Development)
• Future Development

Developer : IJM Land


March 17, 2008 at 12:37 PMAnonymous

Anyone know the detail of the project???

Iam interested in investing in shop lots and also condominium.

April 13, 2008 at 1:11 PMAnonymous

Heard the condo shall be priced at around Rm350-RM400psf with upmarket design & luxurious finishes, and it shall be a good investment bear in mind of IJM's good reputation in the market.

Look at Bayswater & Sri Pangkor u ll know why.

April 16, 2008 at 11:43 PMAnonymous

Hi there

Do u know how much is the property value??

April 23, 2008 at 10:06 PMAnonymous

Hello fren,

Do u think IJM is so stupid to launch at RM350-400psf? Come on! 4 this prime location, they will price the properties rocket sky high and aiming for foreign investors.

Wake up brother....

April 26, 2008 at 5:42 PMAnonymous

Does anyone has hints on when the 1st phase of The Light Waterfront shall be launched?

May 8, 2008 at 5:30 PMAnonymous

Nice to see, but can't touch this. IJM will only built expensive projects and local hardly afford.
If you wait for this project, you may end up like those waiting for The Spring for more than 1 year, but finally can't touch this because IJM only interest to sell to bulk buyer/ speculator/ investor. This is how IJM treat the people royal to them.

May 12, 2008 at 6:47 PMAnonymous

The one with "wake up brother", so what do you think the reasonable price psf? RM500 psf? If you want i can sell you RM480 psf. Still nego one. :)
(Ya i am stupid and still not wake up)

May 19, 2008 at 10:23 PMAnonymous

Dear all,

380psf or 500psf? It's difficult to mark a 'reasonable' price tag but as if the whole development is successfully developed, internationally regonized and become a well known landmark, WHY NOT? I see IJM is putting hugh effort on it.

However, we need to be extra cautious in properties investment especially in view of current situation.

May 21, 2008 at 9:46 PMAnonymous

The light waterfront looks promising. I am seriously considering buying a unit here. Any pitfalls in this project? My recent queries to IJM was $450k for 1500sqm, which i think is reasonable. Any concerns in traffic, noise, pollution, project delays for this project?

May 22, 2008 at 11:39 AMAnonymous

1500sqm ?? Shall be 1500sqft isn't? RM450k for 1500sqft seems reasonable for current market situation. Heard the 1st phase development is freehold.

How bout the maintenance fees? Facilities?

May 25, 2008 at 9:43 PMAnonymous

Anyone knows whether the this project is based on deferred payment scheme or progressive payment scheme. tks.

May 27, 2008 at 2:41 AMAnonymous

First Phase launch will be Point Linear. Four blocks of 17 storey, 6 units per floor. All to be around 1400/1500sqft. Starting price from around RM500k, about RM350psf. All units face seaward, a lap pool on the left of the 4blocks, tennis court and half sized basketball court on the right. Project expected to start end of year, projected completion in 2010.


May 27, 2008 at 2:43 AMAnonymous

To the above... it will be called Light Linear.... not Point Linear :)


May 27, 2008 at 2:50 AMAnonymous

Second launch will be Light Point. One Block of 20 storey(not sure on this), 4 Units per floor, but I know it's 88units total. Two layout types, 1800sqft and 2300sqft. Price starts from RM800K (!!!), tht's RM450psf. So e cheapest large unit will cost a cool million. Very nice facilities, epecially the infinity pool tht faces the penang bridge, albeit just beside a river... might be smelly though. But let's worry about the RM1,000,000 first :)


May 28, 2008 at 1:22 PMAnonymous

Notes of caution: those who purchase The Light Linear & The Light Point condos may need to suffer from continuous construction activities surrounded their house (following phase development) for a long period to come. However, the whole area shall be very attractive & upmarket once everything completed.

Decision is on urs, thinks about it.

May 30, 2008 at 10:30 PMAnonymous

RM450psf is kinda on the high side for penang's market. I think even the Gurney Drive stretch are around RM400psf only. Does anybody knows which other project goes for RM450psf or more?

June 1, 2008 at 1:42 AMAnonymous

As i know gurney paragon price is around RM440 psf

June 3, 2008 at 11:13 AMAnonymous

Have IJM started selling the residential units?

June 3, 2008 at 8:30 PMAnonymous

I believe IJM will not launch this development until after they launch "The Summer Place" and capture the sales for that project.

They are still searching for best timing to launch this development.

June 24, 2008 at 12:19 AMAnonymous

The Pearl Regency which is beside Tesco is going to sell RM600/sqft.
The Light is still considered cheap at this prime location. The only thing to concern is, a land that just reclaim not even a year can build up a condo with 17th floors?

June 24, 2008 at 11:11 PMAnonymous

I think IJM may launch "The Summer Place apartment" (Medium Class Apartment) soon as thermometer to test the local market responds before launching "The Light".

If the market respond is good, they will gain confidents to launch this project locally.

Else, they may push hard to market it internationally & attract oversea buyers since less hope on local buyers.


July 1, 2008 at 5:27 PMAnonymous

i think if 500k per unit for Light Linear is quite reasonable also. i heard it comes with 2 car parks.. Think about the location, minutes to everywhere (basically), IJM is a strong developer, especially in penang..

July 3, 2008 at 5:24 PMAnonymous

yes sir... i agree with you that RM500K is cheap. I also want a unit. Will camp over nite when before the launching.

July 15, 2008 at 7:48 PMAnonymous

I believe IJM may launch The Light Linear at higher price, probably >RM 550k onwards.

If better still, build then sell....



July 16, 2008 at 4:18 PMJack

Anyone know if The Light Linear is freehold or leasehold?

July 18, 2008 at 12:31 PMAnonymous

I seriously hope it is leasehold, so I will have less competitor....seriously!

Also price will be slightly cheaper

August 13, 2008 at 10:58 PMAnonymous

The Light is confirmed a Freehold Land.. ss

August 22, 2008 at 4:30 PMAnonymous

Just check with IJM office, The light linear is selling at RM600k for 1500sqft. it is RM400/sqft. It will launch in Oct this year. Do you think it is worth to buy?

August 22, 2008 at 4:46 PMAnonymous

Must we register with IJM ?. if we register, they will push the price higher...

August 28, 2008 at 10:14 AMAnonymous

freehold waterfront condo..600k sounds ok.. i think..

August 28, 2008 at 12:29 PMAnonymous

If affortable, should go ahead with 600K. This project is impressive, but when will it be completed?

September 22, 2008 at 11:15 AMEx-in-none

The phase 1 is The Light Linear, which will be completed in 2011. RM600k onwards to get a guarantee sea view, below RM600k can get lower floor but later the view will be blocked by buildings which is build in the following phase.

This project is really amazing, but the selling price is a bit argghhhhh.... how i wish i have more $$$ to invest in this condo ...

September 22, 2008 at 1:33 PMalex

Does any1 know which floor of light linear can have sea view after the phase1 completes?

September 22, 2008 at 3:19 PMEx-in-none

The block near to Tesco, 10th floor and above will get guarantee sea view. 10th floor below will be blocked by the phase 2 or phase 3 buildings.

The other block which near to The light point, you need to get at least 13-14 floor in order to have a guarantee sea view, if I remember correctly.

September 28, 2008 at 6:57 PMUnknown

good.. cauz i was at the sales gallery, and can look at the "actual sew view" from IJM new office next to Tesco.
Amazing view, IJM so smart, built new office there and THE LIGHT is on pent-house level, so they let you feel the actual view..

September 29, 2008 at 10:56 PMUnknown

econnomy down turn... property price will drop?

October 14, 2008 at 1:45 PMP

Not really affect IJM cause they can delay the launching if the market is really bad.

October 20, 2008 at 4:25 PMalex

When will IJM launch the LIGHT?
Is there any issue on the reclaimed land converted to freehold status for the LIGHT?

October 21, 2008 at 10:04 PMUnknown

heard in Oct, but till now still no news, probably postpone the launching date

November 30, 2008 at 5:41 PMP

Anyone know when it launch?

March 7, 2009 at 1:03 AMProperty Investment

Anyone can provide more information for this project? It's look nice in view, of course consider high end property

March 28, 2009 at 2:55 PMUnknown

Anyone know how much is the maintenance fees?

March 31, 2009 at 8:43 PMMayjor Wong

if start to launch, kindly let me know.


April 7, 2009 at 12:17 AMsinofi

Just visited IJM office. Light Linear soft launch in May 2009.
Lowest floor around RM535,000. Ave built-up 1500sq ft. Maintenance 20-25sen per sq ft.
Fr 11th floor to guarantee sea view.

April 30, 2009 at 10:45 AMUnknown

dear all :

location location location...good sutff not cheap. cheap stuff not good.. please remember this. the light will be good place to live after ijm build a off JE service road linking queensbay mall to the Spring. they envisage another gurney drive in the east overlooking the butterworth... the facing East property defintely will have better fengshui overlooking the straist and the mainland padi field.... Stop speculating on the price. keep some money for the 10% deposit u moron.

June 7, 2009 at 6:07 PMFisol

another prestigious project in penang..

June 16, 2009 at 5:03 PMUnknown

Im worrying about the traffic IF THE LIGHT project complete soon... as you all know, there is a heavy traffic jam during off working time along the way to penang bridge (infront Tesco) they going to solve this problem???

Location like Gurney Drive, Batu Ferringhi, Tanjong Bungah, Pulau Tikus it is really a good investing places...but i dun think it is a good place for a relax housesweet house....the environment is about too busy and crowded....

Personal suggest a place far from traffic jam, peaceful environment, not too near to the hill and sea would be the best suit place for a home stay place :)

June 17, 2009 at 12:55 PMAnonymous

Hi Thunder, pls why are you so rude in calling people moron le? if you think IJM Light is a good buy then ma buy lor and don't have to pelly other people anyway.

July 12, 2009 at 12:59 AMDodo Bird

Anyone just bought The Light? Who went for the lauching yesterday (10 July)? How was the respond?

July 16, 2009 at 5:00 PMjeremy tan

Dear calson, you are certainly right about the traffic jams. It will certainly get worst with time.
This is my own personal assessment of that area after consulting an architect.
1) Look a the project, everything is so near each other, indeed a very dense community.
2) I notice upon completion of phase one of the project there won't be any commercial shops or restaurant there. If you want a cup of coffee its either home made or go to the closest one in e-gate. Or just wait for second phase to be ready which will take about 10-15 years. Second phase is a mixed development.
3) Another thing i notice is the accessibility to that area. If you are coming from the penang bridge you will have to make a big u-turn into e-gate back to jelutong expressway in the opposite direction before being able to access the light area. According to IJM a fly over will be constructed in the near future, maybe in 8-10 years time, however this is not a guarantee. It requires the state government approval. IJM has a reputation of finishing off their projects without proper roads leading in and out of the compound. Just imagine the already dense population there plus the traffic from the penang bridge area.
4) The land itself is build on reclaim land which is less than 1 year old. There's so much to learn from the E&O project and the Queensbay external car park which is filled with potholes and sinkholes. Even with pilling, ask any engineer and they will tell you the land will be prone to subsidence and the infrastructure around it will suffer the most. The roads will crack and sink.
5) You will have to deal the ongoing construction and land reclamation once your unit is ready.

Many people talks about this project however we will never know the outcome until it is completed. What we have now are facts which we can use to rationalize our decisions.

Speculators will try to push up their sales on this project. Thats the trend i notice for this current project. People from banks have been talking about it. Since it is so popular i decided to do a throughout study on this project.
My main concern is the land reclamation, population density, road accessibility to that area and the jams in the future.
With such as dense population in phase one development i am quite surprise that commercial units are not build for restaurants and cafes. We will have to wait for phase 2 before we see a mixed development.
Location wise is ok but i would prefer e-gate (e.g bayswater,platino etc). More established there.


July 22, 2009 at 10:07 AMUnknown

When their launching? My fren received SMS from IJM thay said this coming saturday launching at their galery..

July 23, 2009 at 12:53 PMUnknown

Property – Watch closely “The Light” development IJM’s property arm, which is a merger between IJM Properties and RB Land has seen some resurgence of late, both in terms of its share price and property sales. IJM also recently completed a placement exercise for IJM Land where it pared down its 77% stake to 66% at average price of RM1.40 vs cost of RM1.20 when it underwrote the unsubscribed portion of the rights issue. Estimated gain
from sale is RM20-30m which has been reflected in our FY10 numbers.

In our view, a key catalyst for IJM Land and in turn IJM Corporation is the maiden launch of its Light development in Jelutong, Penang. The Light development will eventually encompass a 150 acre mixed development of residential, commercial and industrial content on reclaimed land in Penang. IJM won the rights to reclaim this land back in 1997 when it built the Jelutong Expressway. An estimated 42 acres have been reclaimed thus far. The
initial launch will be two high rise condominiums, Light Linear and Light Point. Light Linear (GDV RM200m) which comprises 328 units with average built up of 1,500 sq ft,
priced at an estimated RM420 psf will be launched in July 2009. Early birds are entitled to a lower price of RM370 psf. Light Point which is higher end in nature with absolute prices of RM1m and above will be launched before the year is over.

We think successful take up for Light Linear and Light Point will be key to the broader Light development given it is the
single largest development in IJM Land’s portfolio with at least a total GDV of RM5bn. Buoyant sales would instill greater confidence for IJM Land to accelerate launches for the other residential portions which comprises a total of 1,177 units (GDV RM1bn). We expect the initial launches to do reasonably well judging by recent take ups at neighbouring developments such as Summer Place and the
close proximity to the second Penang Bridge.
lJM Land contributed 24% of group pre-tax profit in FY09, higher than 19% in FY08 due to completion of the merger exercise. We are comfortable with our assumptions of RM116m (-7% YoY) and RM122m (+5% YoY) in pre-tax profit for FY10 and FY11 respectively for now. This will be underpinned by unbilled sales for RM750-800m and the maiden launch of ‘The Light’. There could be more upside as we understand that sales for the past 2 months have been very encouraging, buoyed by improving sentiment and its incentive schemes.

July 23, 2009 at 1:05 PMUnknown

打造檳象徵性地標‧THE LIGHT料9月打首樁

(檳城)預料需耗時15年完成的THE LIGHT完成了第一期計劃的填海工程後,有望在今年9月打下第一根樁,以興建產業總值可達到2億令吉的THE LIGHT LINEAR豪華公寓,也為被喻為檳城未來“最具象徵性地標”的THE LIGHT掀開序幕。

去年杪開始,IJM機構屬下的IJM置地針對處於不明朗的全球經濟局勢而放慢發展步伐。直到今年推出檳榔河口的Summer Place中價公寓後,由於獲得比預期中更熱烈的反應,加強了IJM置地對屋業發展的信心,決定展開THE LIGHT的發展工程。

THE LIGHT LINEAR原本預訂於今年4月推出,但基於全球的經濟形勢,IJM置地最快在7月推出LIGHT LINEAR,同時讓IJM置地的忠實顧客預先訂購,並訂於今年9月開始打樁,為THE LIGHT打響首炮。


IJM置地董事經理拿督孫興存指出,THE LIGHT的推展禮比原訂的時間推遲了,但THE LIGHT的填海地段堅固程度已經超過95%,目前只等待完成一些手續,就可以打下LIGHT LINEAR豪華公寓的第一根椿。

他說,IJM置地也會同時間展開THE LIGHT的第二期工程。IJM置地已經選出第二期工程內2座最具代表性的建築物,即文化表演中心和會展中心的設計。這2個設計經過修改後,將交給檳州首席部長掀開神秘面紗。

他強調THE LIGHT的目標不只是發展成為一個集住宅、娛樂、商業和文化於一處的新地點,它也會成為檳城的最具代表性的象徵和地標。

至於即將動工,總產業值預計高達2億令吉的THE LIGHT LINEAR佔地7英畝,每個單位擁有3間臥室,面積從1475方尺至1561方尺,最低售價是每方尺354令吉。


孫興存表示THE LIGHT除了成為檳城最新的地標,IJM置地也會在THE LIGHT採用各種綠化概念,包括中央海水過濾系統(centralised water filtration system)、太陽能發電、廢料分類處理、發光二極管照明系統等。

他說,為了讓THE LIGHT準備成為全球最負盛名的海濱城市之一,IJM置地把本身的建築概念交給6名繪測師分別設計,然後融為一體,產生了一個現代化的新城市。

他透露IJM置地從2003年開始填海工程,在百物漲價的情況下,THE LIGHT的花費也比預算高出至少20%。

不過,他強調IJM置地的理想是善用檳城所具備的島嶼天然條件,借THE LIGHT的海濱城市計劃,把檳城發展成為一個區域性景點。






孫興存表示只要東姑古汀沿岸的漁民遷走後,IJM置地可立即展開THE LIGHT第二期計劃的填海工程。

“雖然我們還沒有確定第二期計劃內所有建築物的設計,但可以肯定的是文化表演中心及會展中心,還有精品酒店、購物廣場等的設計大致上已塵埃落定。目前,我們尚欠2座將成為THE LIGHT地標的高樓。”



由於IJM置地在數年內完成東姑古汀沿海大道的填海工程,並預訂2個月後打下第一根樁,策劃THE LIGHT計劃成員之一的IJM置地北馬區總經理杜進良,強調IJM置地採用非傳統式的填土方式,使得THE LIGHT的填海部份堅固度隨時超過95%。



July 23, 2009 at 3:49 PMjeremy tan

Dear Nic, obviously the analyses provided by you is very bias. Did you forget to include all the points i just pointed out for everyone else to see?This report you just gave is a speculator's report meant to boost up revenues for your own self interest. Economics 101: Everyone works for their own Self interest.
In your cheerful moments in promoting the light you forgot to mention all the important points which i manage to notice.

Dear Sheryl,
I receive a similar message as well.
For bulk buyers it is this saturday. For the public it is on the 1st of august.
However, i urge you to consider the pros and cons before you or your friend commit.

Jeremy Tan

July 23, 2009 at 8:08 PMUnknown

Hi Jeremy,

sorry to inform that the analyzes is not written by me, i just copy and paste the property portion of research done by HWANGDBS Vickers Research Sdn Bhd which publiched on the web for sharing. i m not so capable enough to write such report yet. haha.

full report:

July 24, 2009 at 8:49 AMjeremy tan

Dear Nic, thanks for clarifying. Reports written by investment companies are meant to boost confidence and revenues for those companies. That's because they heavily invest in such projects to be successful.
Economics 101: Everyone works in their own self-interest.
They will disclose the truth and make everything look very beautiful.
Sadly to say, the majority of the buyers are foreigners. That's the group of people they are targeting.
Just wondering, why are you advertising for them? Haha.

July 24, 2009 at 9:50 AMUnknown

just a sharing when i gather all the info n read thru all the news regarding the light on web, haha.

we will know the outcome by next week whether this project sale is successful or not.

July 24, 2009 at 3:48 PMjeremy tan

I believe it will be selling like hot cakes on the day which it is launch. However, the resale value of light linear wouldn't sore that high in the future, it is already quite expensive. Considering that, once the project is completed 15 years from now, light linear would be at least 10-15 years old. Look at E&O developments, many houses for sale now.

Bulk buyers would mostly consist of foreigners and investors who buys in bulk to push up its value. Speculators as usual. Why do you think they have a special day for bulk buyers?

The minority would be the malaysian who has money but do not know where to place it.

This is my forecast.

I am a penangite and i know that malaysian people wouldn't invest in such an area provided it has a solid foundation to back it up.


July 24, 2009 at 5:07 PMUnknown

every ppl also hv their preferences in choosing property.

for me, the -ve point that u mention regarding the construction period, density, road accessibility sound acceptable to me, as it is normal for under construction project in penang.

the +ve factor that the light attract my attention is the green concept, freehold, full condo facility, reputable developer, reasonable spacious builup up area and the most important, location which is near to my work place.

anyhow, i stil hv confident in this project after read thru all the review on web. i stil believe most of the buyer is malaysian. foreigner will be targeting on the light point or the light collection. look forward on the launching date.

July 25, 2009 at 7:32 AMjeremy tan

Very true everybody has their own preferences.

-ve points you miss out would be the reclaim land which is less than on year(infrastructure around that area will surely give way), noisy area (jelutong expressway). I do believe the light linear will be absorbing the sound pollution for the bungalow houses they will be building in the future.

Full condo facilities? I would suggest that you buy the light point as you will be able to access all the other facilities which the other residences can use. The light linear is a separate entity by itself. Think about the future.

I recommend you to go to the light linear section of this website to get a more detail info on this condominium.

Nevertheless, its your preference. Invest wisely.

Reading reviews from others is nothing compared to the research you do. The research you carry out is not bias. What you are doing so far is just speculating. I quote " I still have confident in this project after read thru all the review on web" If you have the money go ahead and speculate.


July 25, 2009 at 2:27 PMUnknown

everyone also know the light is on reclaimed land, so obvious, and the entire area from summer place, to the spring, to the light, to bayan mutiara, to queensay mall, E & O at tanjung tokong, gurnet drive is relaimed land, so it is still acceptable to me at penang island, more over, it is by ijm. haha

Thanks for ur advice, we sure will think wisely before putting our money, reading other ppl review sure is a must and better as we can know other ppl view beside your own thinking.

i think u r compare orange to apple. sure the light point is better than the light linear if hv money, but price is double up, 2x expensive than the light linear of course. haha

hope i can able to get my desired unit on the light linear launching date. hv to go earlier to secure a seaview unit.

July 25, 2009 at 3:35 PMjeremy tan

No hard feelings but you talk as if reclaim land is a good thing? If you can type like this then i am quite astonish by the way you see reclaim land. Further more is less than a year old.The spring had the same speculation, everyone line up to buy it. However, look at it now, people are regretting because its near the rubbish disposable area. Its stinks everyday. E&O infrastructure is falling apart. The roads are hollow,some already gave way, the houses are cracking. Is it a good thing to you? Not to mention some units are going for RM890,000 and above. Original forecast was RM1.3 million.
I advise you to consult an engineer or architect on reclaim land. They will tell you no matter how good the technology we have the infrastructure around it would not withstand the test of time.

IJM had many failed projects as well. I don't have to name you any because i believe you are well verse with IJM already. Not sure whether you are working for them.
Summer place finish selling everything? NO. Leasehold some more. Location? No comments.
I am not comparing orange and apple. I am just stating the fact that you are buying light linear for such an expensive price and sadly to say you can't share the facilities offered to the rest of the light development. REMEMBER you are not part of the gated community.
Please do your homework before you type because it might sound very foolish. That's all. No hard feelings.

I do hope you will be able to buy your desired units. For in 1 year time i will be able to say "See! Don't say i didn't tell you so".
P.S if you are not a bulk buyer you can forget about your sea view. It has to be at least from the 11th floor onwards and only 2nd and 3rd block of the condo gets an unobstructed view of the sea from phase 1,2,and 3 future developments.

These how you do a throughout study on the land/project before you talk. Or else people will just laugh at you. No hard feelings again. Haha.


July 25, 2009 at 3:37 PMElmo

Wah Jeremy, are you trying to discourage others from buying so you could sapu all ah? or you are hoping the demand will not be as good so IJM is not able to raise the price? which developer firm are you from? bad mouthing others like that no good lor. anyway, all still boils down to demand & supply, not you n I can make the call. Let's see the how the market force plays on 29 Jul & 1st Aug...


July 25, 2009 at 3:43 PMjeremy tan

Nevertheless, like what i have said before. If you have the money go and speculate. Take the risk and tell me how it goes. After all the bank loans/schemes seems very plausible. 5%/95%. If you are caught with it then you better be able to afford to lose some money.

I am not saying its wrong to buy. Honestly, we do not know the outcome but we can predict by the facts given to us. Like what i have said do your homework and stop reading what i have to say about it and what other financial companies have to say about it.It is misleading sometimes. It is very bias as well. It doesn't matter, most importantly you can convince yourself it is a good investment. Period.


July 25, 2009 at 3:49 PMjeremy tan

I am not from any firm. I am a pharmacist and economist by profession.
I know more than you about demand and supply.
I will quote a comment from a recent noble price winner of economics "Macroeconomics are spectacularly useless at best and positively harmful at worst"
If the markets are that great, we wouldn't have the crisis this time.
The number of foreclosures from home loans contributed partially to the world economy crisis.

I am not bad mouthing. What i have said so far is the truth. Have i lied about everything i type so far? No! Its the study which i have done after consulting engineers and architects. Is it not true that its on reclaim land? Is it not true that the facilities will not be part of the gated community? Is it not true that the accessibility will be bad? Is it not true that there wont be any commercial area in phase one development? Is it not true that its in front of jelutong expressway?

I have visited the site of the reclaim land myself. I have been to their office in e-gate. I have done my homework.

Nevertheless, just speculate.

I wish you all the best.
I wish you the best Jo.


July 25, 2009 at 3:54 PMElmo

ok ok Jeremy, no hard feeling, js trying to pull your leg :)...thanks for sharing anyway, i think it is good that we see the pros n cons of every decision instead of being biased.
I'm not buying any unit but am impressed by the waterfront concept, too bad i don have the money, if not i would grab one for my retirement, reading my favorite book from the balcony overlooking the sea...dream.


July 25, 2009 at 3:57 PMjeremy tan

Sapu all? Lol. I am sorry i am not interested in that project. I was interested before this, so keen on it because everyone said its a good place and surely to make profits in it. I never believe what they say. If it is so good it doesn't need such intense marketing.

Economics 101: The lesson we learn from this crisis is that when everyone believes it is never going to happen, it will happen. Not all swans are white, do not forget about the black swan.

Do you have any idea how much they spend on marketing? Overseas and here as well.

They are relying heavily on the successful take up of light linear and point. And i believe the both of you are going to help that happen. Lolz.


July 25, 2009 at 4:01 PMjeremy tan

Just sharing Jo. Glad to know you are open minded enough.

Yea the concept is cool. But the density of phase one is too dense to allow privacy. Afterall, light linear is not at the waterfront. If you want the units that will be able to have a waterfront then you must be prepared to invest 2.3 million and above.


July 25, 2009 at 4:03 PMElmo

ayo all projects also need marketing la my fren, where got developer happily build n then sit there n wait for you to knock on their doors one. esp in this time where everyone is holding back spending, if no marketing some more, sure "chia kun t'ng" one!

July 25, 2009 at 4:06 PMElmo

ooops, think i'm spaming the blog...better stop now! nice exchange Jeremy, again no hard feeling yea...
cheers Jo

July 25, 2009 at 4:07 PMjeremy tan

It's not just marketing. It is marketing through financial companies, overseas and locally. Heavily and intense marketing. The difference is there.

July 25, 2009 at 4:17 PMUnknown

i think u r the bias 1, not the professional review given by other analyst on web, because they do give pro n cons.

u do study, we also did study, but or not buy, good or not good, not only u say, the market will judge it. haha

of course i hope it is not on reclaim land, but i think the price will be even higher if it is on solid land with freehold status with the whole well planning housing concept. but reclaim land is not anything special at penang island anymore, thus i m fine with it as long as it is build by reputable developer.

500-600k property, i think it is stil reasonable with the waterfront concept, as i stil can afford to own it, and of course a lot of ppl out there. sure if got more money, can buy the light point even the light collection, but the light point is 1 million above, i would say i really not dare to think of it.

but i really dun understand y u so angry when we interested to get a unit at the light linear, haha, u can buy the light point or the light collection since it is good, y so insist on telling bad about the light linear. haha.

buy any property u think is good, dun always complain here n there, it wont help, u think the proeprty expensive, for other ppl, it is reasonable, y so eager to show ur professionalism here, haha. ppl wont thank you or share with u if earn money.

overall, the light stil an amazing project compare with other property development at penang island for me. let u know if i able to get a seaview unit on that day. :) dont jealous oh...

July 25, 2009 at 4:27 PMjeremy tan

Dear nic, very childish, angry? Penny wise, pound foolish. It seems you still don't understand you are not part of the waterfront. You are located near jelutong expressway away from the gated community. Lolz. DO let me know if you manage to get one. Do your homework, as in go there and see the land and ask the appropriate questions.

I didn;t say light point is bad or light collective is bad. I am saying the light linear is not that feasible at this very moment given the points stated above. If you are buying it and its hard for you to accept all the bad points then i am sorry for telling them to you. Because in the future when someone bargains for that units they are going to use all these points. Its the truth. I am not stopping you from buying it. I am only providing you informations. Not angry. Don;t get me wrong.
What i say does not matter and what other financial reports say does not matter.

Anyways, thats all i am going to tell you nic.


July 25, 2009 at 4:36 PMUnknown

from what u hv said, i think u shud buy a house, with no marketing from developer, solid land, peaceful area, low dense, no noise polution, cheap, big build up, hv full facilities, no jam, good accesibility with ur own road.

how u can get it ler, i suggust you to build ur own house deep inside the jungle, that fullfil all ur requirement, haha. u no need to pay money for marketing, can hv ur own facility, low dense, no boise, and most important, cheap with big build up. haha

where to get it ler, balik pulau? opps, i dun think u hv money to buy the land at balik pulau now, what about at mainland, u shud able to find it. haha

July 25, 2009 at 4:44 PMjeremy tan

Dear Nic, accept the short comings of the light linear. Stop saying this and that, sounds childish.Haha. You are entertaining now. Grammatically entertaining as well.
All i do is provide information. Can't accept please don't cry or change the topic. Lolz.


July 25, 2009 at 4:46 PMUnknown

thanks a lot for all ur advice oh, but i really know and query about the point that u mention, just that i can accept it. haha.happy to know that u not interested, then i hv more chance to own a seaview unit. haha

i like the area near to jelutong highway as i no need to go thru small road at penang, can go work and go town within mins. haha.

as long as the light linear hv its own gated community with access card security and full condo facilities, then it is very good d, y wanna care about to share the facility with those million dollar the light point n the light collection, those owner pay higher maintenance, they sure need to enjoy their own privacy. if got more money, then buy the light point, if not, then the light linear is already a luxurious for me.

July 25, 2009 at 4:49 PMUnknown

i will cry if i not able to get the seaview unit on the launching date. wish me luck ya.

July 25, 2009 at 4:53 PMjeremy tan

Town in minutes? To clarify you will have to go to the big round about to make a big U-turn before you can head back in the opposite direction of jelutong express way back to town. Just stating it out in case you didn't know.
Traffic jams? Are you from Penang? Didn't you know it is very jam around that area. I cannot imagine how jam it will be after the completion of the light because the road system is not changing at all.
Haha, as you please nic. If it is good enough for you and you like it then there's pretty much nothing more to say. Sounds very sour grapes.Period.


July 25, 2009 at 5:03 PMUnknown

haha, i know how to got to town la, haha, dun pretend so good to me.

i also stay at penang. haha. if highway oledi so bad, then wat is ur description about other small road at penang? haha. u go to town thru greenlane? that is even worse. dun imagine, please accept that penang traffic is jam, just that highway is much better for me, as i used to go to work n go to town using jelutong highway.

haha, abviously, u r the sour grapes.

July 25, 2009 at 5:14 PMjeremy tan

Dear Nic, But you said town in minutes? Didn't you? And now you say you know how to go to town. You say everything isn't it? Haha. I am amaze. Do you know the meaning of sour grapes? It means a person who says this and then suddenly say another. For example, the statement above. Town in minutes?


If you are planning to market for IJM please disguise better.

July 25, 2009 at 5:24 PMUnknown

ya, i said i go to town in mins, sour grape....haha:)

market for ijm? since u said they hv done the marketing so good, stil need me? haha.

i think they need u more, to balance up the comment, because too many +ve comment, need some -ve comment to neutralize....hahhaha.... sour grape

July 25, 2009 at 6:10 PMjeremy tan

It is obvious you still don't understand the meaning of sour grapes.
You said the highway is bad, then you say you go to town in minutes. Then you claim again you go to town in minutes.
Contradicting and confusing.
I recommend an oxford dictionary to clarify the term sour grapes. Just trying to help you use it in the right context so it doesn't sound retarded. Lolz.

July 25, 2009 at 6:19 PMjeremy tan

Anyways nic, as long as you are happy investing there its none of my business.I feel like i am arguing with a child or a kid. The way the grammar that you use astonishes me. I provide professional advise to everyone who is interested in this project.
Everything i stated so far is a throughout analyses of the project.
Can't accept it? It is just a point of view. No need to act like a child.
My last advise to all, beware of speculations.

July 26, 2009 at 12:02 PMUnknown

thanls a lot for ur professional advice, sour grape...haha.
u r right that it really none of ur busssiness, if ppl can't accept ur point, they won't buy it. because there is no 100% perfect property, as long as it meet 90% of ppl requirement, then ppl will happy to buy it.

cool down, we really can accpt ur point, that y we r interested. conversation with you make me more confident on this property indeed. haha. Thanks a lot ya... big big brother, because i m a kid ma in ur view.

July 26, 2009 at 10:38 PM501Penang

If u want to go to town from Light Linear site, head towards Bayan Lepas, take the left turn into Bayan Mutiara then make a U-turn to Georgetown. The whole journey from Light Linear->Bayan Mutiara->E-gate shouldn't take more than 5 minutes.

July 27, 2009 at 12:19 AMUnknown

Dear 501Penang,

Sounds like a good recommendation; but still, that would bring u only to E-gate right? Light Linear is on the OPPOSITE side of the road! Why take such a big detour to Bayan Mutiara when u can sneak past Bayswater, the TNB station then down the slip road towards Pg bridge direction again?

But then again, imagine having to navigate the 'critically important' junction serving Platino, Pearl Regency (suspended Korean supercondo proj), Bayswater, Tesco & E-gate crowd. Walao! Soon even the short journey to Bkt Dumbar for retirees & nature lovers.. will turn into a traffic fistfight..

Jeremy, it's obvious that ur prefrontal lobes are well developed, evolved & working marvellously. Obviously common bloggers are gonna struggle to u'stand ur astute intellect.

It doesn't take Econs101 to know that retailers ("bay hu bay her") are always vital part & parcel of speculative fact they've never failed to be the FUN factor..

Imagine how dull, plain, predictable & preordained; multiple forms of mkts will be if everyone knows the exact meaning to "sour grapes"..hehe

July 27, 2009 at 8:29 AMjeremy tan

Dear Wei, couldn't agree more with you. It is good to know we share the same foresight,insight and hindsight.


July 27, 2009 at 10:40 AMsinofi

A well written piece, Wei.

This and other forums are about property purchases, and should not be used to judge others on their lack of grammar proficiency or boast about oneself.

Let's keep to the topic.

July 27, 2009 at 6:10 PMUnknown

All, I personally think that this is a good discussion. I am standing on neutral plane where some has his/her good points and it is been analyzed from professional angles. Some has different points which maybe best suit to the person's interest. All and all, we should make Penang a better place for Penangite to stay. As long as a person can afford to buy and stay for his own good, that is cool.

July 27, 2009 at 9:22 PM501Penang

For those who wish to travel from LIGHT LINEAR SITE to TOWN, you may refer to this link.

Beware of "sour grapes" along the journey, they might mislead you to TNB station!

July 30, 2009 at 12:32 PMsareena

hi, jeremy. Ilike your sharing which was so details with no bias remarks. Any sharing on another project namely Bayu Ferringhi at Batu Ferringhi? Pls share.

July 30, 2009 at 4:48 PMjeremy tan

Hi Sareena,glad you find my analysis useful. Will visit the site this week and let you know everything about it. I live in tg bungah afterall,its nearby.


July 31, 2009 at 10:15 AMUnknown


I was interested in The Light project at one point... then, I changed my mind after further checks and getting inputs from friends and reading the postings on this site.

The final piece of news that made me drop the idea of investing in The Light was that someone made a bulk purchase of 30 units last week!

That's not all... got rumour of a 'secondary' market taking shape already (ie the 'bulk buyer' is offering the unit for sale already). Not sure if this is true...

Anyone heard anything abt this piece of rumour?


August 3, 2009 at 10:50 AMUnknown

40亿元发展综合产业 IJM置地看好槟州 2009/06/22

鉴于规模非常诱人,分析员认为,尽管产业市场还未全面复苏,IJM置地(IJMLand,5215,主板产业股)仍会大事发展它在槟城的“The Light”综合住宅及商务产业发展计划。

The Light 位于槟城日落洞大道旁,面积152英亩的填海地段上,亦非常接近槟城大桥。



(一)独特的家居自动化系统(home automation system);


(三)光纤(fiber optics)宽频通路;


他称,The Light 被视为槟城首个综合休闲、零售、娱乐和文化的地带,更预计将成为槟州的地标。

“由2003年起,为了这个概念,该公司提出很多想法和做了很多努力。它欲媲美外国类似的发展计划,包括伦敦的金丝雀码头(Canary Wharf)、 悉尼海港(Sydney Harbour) 、墨尔本的 Docklands 和多伦多 Queens Bay。”

3阶段发展The Light

据悉,The Light 将分3期来发展;其中,第1期会以住宅产业为主,发展总值为12亿令吉,首项产业推介预定于今年7月中。


分析员说:“The Light 第1期将分为6区。据我们所知,在36个月的发展期限内,该公司每6个月将推出1区。”

他指出,The Light 第1期将由3个部份组成,包括:

(一)The Light Linear -- 包含328个住宅单位,每单位建筑面积介于1379平方尺至1513平方尺,售价是每平方尺370令吉;预计在今年7月中进行首项推介,首100单位的超级高级公寓(supercondo)料会反应良好。

(二)The Light Point -- 预计在今年10月推出,房产售价是每平方尺500令吉。

(三)The Light Collection -- 包含20单位的别墅或水上度假屋,它们拥有私人游艇或帆船浮筒;房屋售价是每平方尺500令吉,别墅售价则是每平方尺800令吉(即平均是每平方尺650令吉)。


分析员表示,The Light Linear 内每单位售价介于51万至56万令吉的公寓,属槟城沿海一带类似房产当中,价格偏低的房产。

“这些公寓的价格也比汇华产业(Hunzpty,5018,主板产业股)的 Gurney Paragon 高级公寓的每平方尺600至700令吉售价低。”

他称:“虽然未在该公司的汇报会中取得很多数据和资料,但 The Light 的规模确实让我们印象深刻。我们因而认为,尽管产业市场还未全面复苏,但这计划却将会大事发展。”

他披露,据IJM置地管理层指出,The Light 的填海成本是比历史上的成本高出大约20%至30%,而税前盈利赚幅则估计是超过20%。

“The Light Linear 的售价,比 IJM 置地近期在斯里槟榔城镇(Bandar Sri Pinang)附近推出的 Summer Place(面海)和 The Spring,高出大约23%至42%。”

随着 The Spring 和 Summer Place 日前且取得良好的市场反应,他预计 The Light Linear 也会有不错的反应。

同时,他补充,The Light 第1期房产每平方尺500令吉至800令吉的售价,将为槟城沿海产业定下一个价值基准。

“目前,IJM 置地在全国拥有超过40项产业发展计划,在槟城则有7项。而 The Light,将协助提高该公司在槟城的名气。”

August 3, 2009 at 12:41 PMjeremy tan

Yawn, everyone knows about IJM marketing strategy and its shortcomings.
Nic, you are getting more and more entertaining each day. I have no doubts if you are working for them.

Despite the negative feedback given by the people who queue up for this project you are still persistent and insistent that it is a good project.

Econs 101-If the newspaper advertises about a certain project and boast about how good it is, i would advise all buyers to sell it. Good properties do not need advertisement. A very good example is the Hilltop Villas in Batu Ferringhi, till this very day i have not seen any advertisement for it, yet, it is selling very well.

Heard about Greenland? If you haven't here is a little information about that place.
"The Greenland ice sheet occupies about 82% of the surface of Greenland, and if melted would cause sea levels to rise by 7.2 metres.[2] Estimated changes in the mass of Greenland's ice sheet suggest it is melting at a rate of about 239 cubic kilometres (57.3 cubic miles) per year.[4] These measurements came from NASA's Gravity Recovery and Climate Experiment (GRACE) satellite, launched in 2002, as reported by BBC News in August 2006 [5]."

It's predicted by scientists and analyst that global warming is going to major problem for the world.

Now, can you imagine owning a property at the waterfront when all these happens?

Recently, i just spoke to a Barclay's Investment bank analyst in London on properties located near the sea. He told me that in 3-5 years time with the current rate we are emitting carbon dioxide into our atmosphere, the ice in Greenland will melt at a higher rate. This will contribute to a drastic increase in sea levels. Properties located at the waterfront will be flooded!

Good luck to those who buys near the sea. I am not investing for i do not see a future in it.


August 3, 2009 at 1:42 PMUnknown

大馬財經 即時新聞 2009-05-13 14:46



另外,怡保置地最近在“The Light”附近推出“Summer Place”中檔公寓售前推介活動市場反應比預期好,1個月內認購率已達75%,促使這間公司提前推介“The Light”計劃。

這間公司預定在6月推出“The Light Linear”,這計劃包括328個單位,每平方呎約4億令吉。據悉,約1500個潛在買家已經向這間公司登記購買“The Light Linear”。由於反應熱烈,管理層可能會延長其“My Space”融資計劃,並可能提供更多優惠給優先購買者。

August 3, 2009 at 7:58 PMjeremy tan

Haha, entertaining indeed. This project is going to be under water in the future.

The ice caps in greenland is melting faster than anyone can stop. If we ban all cars in the world today,yet, this is not going to stop the ice in greenland from melting!

It is global warming.

All the reports are written by financial companies! Very very bias!

Rational thoughts and logical thinking will tell you that this project is not planned for the rising sea levels.

Everyone is boycotting Light Linear because of its dirty marketing strategy and after all it has plenty of shortcomings!

The light waterfront is not built for the coming flood.

August 4, 2009 at 6:43 PMJimmy

I google and found this research about Greenland ice melting issue...

From the report, it says the ice melting will affect the world sea level unevenly, most affected would be northeast coasts.

August 4, 2009 at 10:17 PMjeremy tan

It is just the matter of time before the whole world will be affected. Like you said, northeast coasts mostly affected at the moment,if global warming doesn't stop(which it won't stop),the consequences of it is pretty clear.

Not to mention that the water catchment area are being replaced by concrete jungles. Deforestation is also another problem that we are still facing.

It is an undeniable fact.


August 5, 2009 at 7:37 AMsareena

Hi Jeremy,

Have you visited the Bayu Feringghi? any comments

August 6, 2009 at 11:54 AMjeremy tan

Hi Sareena, i have already commented on bayu feringghi.


August 6, 2009 at 1:08 PMPalymra

IJM Land may raise LIGHT properties’ selling prices
Written by Financial Daily
Thursday, 06 August 2009 12:48

IJM Land Bhd may raise selling prices for PROPERTIES [ PROPERTIES 772.830 3.250 (0.422%) ] under its RM6.5 billion “LIGHT Waterfront Penang” mixed development against a backdrop of improving consumer sentiment as the job market improves in the island state, said RHB Research.

“This is not a surprise to us given its unique status as one of the rare waterfront developments in Malaysia as well as its strategic location.

“It is positive to the LIGHT project as strong sales recorded will boost investors’ confidence on the whole project and eventually increase the company’s bargaining power (and hence, the gross development value for the project),” it wrote in a note yesterday.

The LIGHT Waterfront Penang is located on a 60.8ha site near the Penang Bridge within the eastern coastline enclave of Penang island. According to IJM Land’s website, the project comprises three phases which include residential and office units, besides retail and hotel components.

Phase one, an entirely-residential initiative comprises “The Light Linear”, “The Light Point” and “The Light Collection”.

According to RHB, by virtue of the strong sales seen in The Light Linear, IJM Land may increase the initial selling price for The Light Point condominiums by up to 20% to some RM600 per sq ft from RM500 per sq ft. These high-rise units have built-up areas of between 1,800 sq ft and 4,000 sq ft.

“However, we reckon that the selling price could potentially hit RM700 per sq ft given that E&O Property Development Bhd’s Seri Tanjung Pinang serviced suites are currently selling at about RM780 per sq ft ,” said RHB which kept its earnings estimates for IJM Land in financial years ending March 2010 till 2012, pending further details on the final selling price for properties under the project.

The research house’s fair value of RM2.10, and outperform rating for the stock were also unchanged.

IJM Land shares fell three sen to close at RM1.68 yesterday.

This article appeared in The Edge Financial Daily, August 6, 2009.

August 6, 2009 at 6:30 PMjeremy tan

Written by financial companies again! Very bias. They invested a whole lot of cash in their shares. Since, the beginning of the year i have already received information from banks that they will be purchasing IJM shares on this incoming project.

Hence, the heavy marketing to ensure that it doesn't fail.

Besides that, they plan to sell higher? Logically, it doesn't make sense.
Those queueing up for the light linear would know that the bulk buyers aka speculators are creating a false demand. It is a bubble waiting to burst.
Increase the price of light point by another 20% to 600psf base on the sales of light linear?Another Real joke.
Could potentially hit 700psf? Another Bigger Joke.
When will they realize simple economics.
It doesn't take a genius to understand the concept of demand and supply and price ceiling.
Banks are investing too much in these mortgage back securities/property back securities.
If the project makes a lost so will the bank.
Look at e-gate now: pearl regency? platino? bayswater? the light coming up soon in front? Over supplies will dilute the market price. The market price at the moment is being sustain by direct injection of investment by banks/loans.
Their own staffs are taking up the units before they are launched to create a false demand and to show that sales are good.
They are hoping to sell it at a higher price. Don't be fool by them
It is a matter of time before the bubble burst.
However, i do understand why do come up with such analyses. It is because properties in malaysia is still considered rather cheap in comparison to other countries. Hence, foreigners will still be keen on buying here.
As for us Malaysian, we all know the truth.


August 21, 2009 at 12:12 AMangeline

Haiyo! Image you people can write so well that it is so entertaining. Hee.. I got no money to buy just to look what property my customer is buying, end up spending an hour reading all your comments. It is good to see the pro and con bf decisions are made. When I bought my house I have to 'invite' friends and relatives to give me feedback. Interested buyers of this property are so lucky!

Angeline Quah

August 23, 2009 at 11:25 PMPenang101

It's so entertaining reading this blog, especially seeing those jokers (WeI & JeramI) showing off their lousy Manglish in this property blog. No matter what they say, people are still investing in Penang.

August 26, 2009 at 2:20 PMNicole

Hi,does anybody know what is the selling price for Light Collection II?

March 2, 2010 at 11:55 AMUnknown

650sf for collection phaseI, and 700psf for phaseII, as press-announced.

September 20, 2010 at 12:43 AMUnknown

Please take a look at platino section b4 u plan for ur investment. There are lots info about the developer

September 22, 2010 at 2:01 AMUnknown

An Open Letter to IJM

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

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

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

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

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

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

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

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

Future Resident.

October 8, 2010 at 10:35 AMliz

YTL coming to conquer Penang properties. It built condo (4000sq ft) and Selling RM2000psf at Lebuh Leith next to E&O hotel. Damn expensive......woohoo

October 8, 2010 at 10:59 AMAl

They are looking at a different market. Condo's prices in HK, Singapore & China is much more expensive. The guys are looking to foreign market customers (THE VERY HIGH NET VALUE).

October 24, 2010 at 3:34 PMUnknown

Attention of all the buyers. Please read all the comments and see all the picture of IJM PLATINO in this blog b4 you continue buying IJM projects.

Dont simply waste your hard earn money... For those you have bought it, be ready for big big disappointment with IJM Project.

Foreigners, please see the Luxury Platino in this forum b4 you make your decision to buy any projects from IJM.

July 7, 2011 at 9:40 PMLol

A new concept, a new design, a new penang!
We can see Penang is changing nowadays. Come with new facade and design residential township where only KL have. THE LIGHT is selling like hot cake in Penang. Heard they are going to launch last phase of the residential apartments in August 2011. Bravo!
Penangites are clever choosing a property to buy.

June 8, 2015 at 5:14 PMHong 阿豐

The latest aerial view of The Light Waterfront Project,

May 20, 2016 at 3:24 PMAnthony

I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to TQ
Will try my best to negotiate for u. TQ and have a nice day.

October 18, 2016 at 11:27 AMJack shim

Hi owner have
Jack here housing agent
Buyer prefer this area property

Welcome propose
WeChat jackshim56

December 7, 2016 at 2:30 PMAnthony

I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to TQ
Will try my best to negotiate for u. TQ and have a nice day.

Owners who are willing to let go or rent can contact me too. TQ