The Brezza

The Brezza the new state-of-the-art condominium located in Tanjung Tokong, Penang. It brings you beautiful panoramic views from the wide windows that charms the inner beauty of the place call home. One unique advantage is the brilliant layout that links important spaces to one private lanai which is available in all units. Wide array of facilities and amenities completes this impressive V-Shaped condominium.

Property Project : The Brezza Condominium
Location : Tanjung Tokong, Penang
Property Type : Condominium
Tenure : Leasehold
No. of Blocks : 2
No. of Storeys : 23
Total Units : 312
Unit per Floor : 7
Built-up Area : approx. 1,250 - 1,450 sq.ft.
Developer : UDA Holdings Bhd

Facilities
24-hours security, covered car park, club house, broadband ready, intercom connecting condo to guardhouse, children's playground, infinity swimming pool, jacuzzi, wading pool, cafe & gymnasium, reflexology track, landscape garden, BBQ area.

711 comments«Oldest ‹Older 201 – 400 of 711 Newer› Newest»

June 11, 2009 at 12:13 PMPositionT: UDA is offering furniture voucher (suppose Rogel la, not cash) for Block A low unit, level 1 to 4 only (ranging from 15-10k). Not applicable for block B because block B is in average 30-40k lower priced than block A. Guess UDA may try other approach to lure new purchaser.... Needless to say, Freehold is the panacea for good sale for all blocks if they ever get it la. However, UDA is painfully INEFFICIENT in this... words for UDA: you get it once you get it all. If you ever helplessly think discount is your answer, be prepared to have far higher inventory of unsold unit for your upcoming blocks of new condo (else, just convert it all to landed, more Simfoni lor)
June 15, 2009 at 3:16 AMUnknown: what is the price now for 1250sf?
June 15, 2009 at 4:20 PMAL: Where's the UDA sale office at Fettes Park?
June 15, 2009 at 8:49 PMJimmy: Sales office is at Fettes Park, Prima Tanjung ground floor, and please go there and check with the sales person there. As from what I heard, Vivian is not from UDA, she may be one of the property agent, info given by her may not be accurate. From the brochure, the price is from 339k - 529k, depend on floor and type.
June 16, 2009 at 10:32 PMPositionT: UDA is going to have 1-2 other medium cost project like Brezza next to each other. May kick start after 2012 or later... For more info, contact UDA. Else, E&O have condo to, start from 1.5 mil.
June 17, 2009 at 9:55 AMUnknown: why uda doesn't want to pay the conversion money for UDA ? below are the answer

i) BN government has been toppled by pakatan. UDA is the federal government machinery...if they can delay payment, they will delay it until next general election...no hurry as the free hold status already granted. they just dont want the opposition pakatan government to "spend" the money. so they delay this payment. this is my opinion.
June 17, 2009 at 1:12 PMAnonymous: Hi All, pls take note that the Brezza only provide one car park bay, and they do not have any extra for sale or for rent, so next time you might have to park at the road side.
June 17, 2009 at 4:31 PMUnknown: Hi Joanna,
I had col UDA sales office, they said all unit will get 1carpark but 1450sqft will get 2carpark.. That area will be jem n narrow lor at morning time n after work.. That area near with LMC also..
June 17, 2009 at 8:50 PMUnknown: I'm an interested to buy Brezza. Internal info from E&O saying that Tesco is delayed! Yup, there is a guy in sales office is very helpful unlike the other malay girls. But there is another Chinese girl there is very helpful & very knowledgable too! If I'm not wrong her name is Michell & she is very profesional. I will most likely book a unit by end of this month.
June 18, 2009 at 1:47 AMUnknown: Michelle is a real estate agent for few years and after that, she join UDA because of better offer. she's always running around butterworth, kepala batas and penang office. she usually be in penang office at thursday and friday. if you wanna know more about brezza, can go to her or another guy called Yunus.

by the way, Block A unit left low floor only. i think around 10 units left. Block B still got 90+ unit available.
June 18, 2009 at 11:09 AMPositionT: Thunder,

What's a theory, could be partially true though... it's so obvious there're certain party's "heart" is just the size of a penny and vision is just the length of primary school ruler. They can do anything just to prove themselves "boleh". Sad for being penny wise pound fool. Imagine the income from brisk sale. Guess that dun really matter after all...

FYI, upon my home loan processing, bank request for state blanket consent (a must for leasehold property). Surprisingly, UDA Bertam management not even aware of this and unable to produce one immediately. Frustrated at that moment, but it start to make sense now. My lawyer somehow settled the issue with them without bothering me the details.

Joanna,
As pointed out by sherry, both 1450sf & 1350sf are allocated dual car park, and there are ample of visitor car park (unsheltered) on first come first serve basis. Along with slow block B sale, car park is my last concern for the time being.
June 18, 2009 at 2:55 PMUnknown: dear Brezza,

if u go to public bank and get loan. the loan officer search will tell u it is free hold. they cannot put leasehold in the form because it is missleading. the actual status is free hold approved pending payment for conversion fees.
June 18, 2009 at 3:15 PMUnknown: Reply to Sherly:
I think the traffic at Tanjung Tokong area is reasonable as compare to Greenlane and perhaps Bayan Lepas area. Nice place to live.

Thunder,
Really interesting to know that it's a free hold from loan officer search. :) Thanks for the info.

Anyone here can share the loan interest rate (%-BLR) they got recently and which bank?
June 18, 2009 at 3:45 PMJimmy: Yeah, the traffic in that area is reasonable, 2-3 lane from Gurney Drive, furthermore it's near to Island Plaza, don't have to drive, just walk there. :)

I got BLR -2.1 from HLB last year. I think now can get -2.2 or -2.3??
June 19, 2009 at 5:42 PMAnonymous: Hi All, you all are correct in the car park information, I know that also, but why I am trying to impress upon you all is that there will be car park problems in the future since Brezza do not have "extra" for sales or rent.

And some more according to the new MPPP building department ruling, all car park blocks or space are common property whereby can not be sold as part of the accessory parcel.
June 20, 2009 at 6:04 PMnewbuyer: thought you guys might be interested to know. the sales person brought me up to the half completed site show unit last week, together with the project manager.

All floor tiles, bathroom tiles and kithen tiles are done. very nice. not luxurious, but nice. i have seen bayswater original unit, and i have the impression that this is almost same as bayswater, if not nicer.

the project manager is from UDA KL, specially assigned to Penang for this project. Nice guy, still fine-tuning the finer details of the project to make it nicer. his previous project is in KL Bangsar. he thinks we are getting a very good deal here, as this kind of units would cost ~RM600 psft.

lock sets look nice & modern. very modern light switches. ceiling has good height. no ceiling beams in the living room, making it look more spacious.

bathroom 1 & 2 come with pre-installed central water heater wiring, with hot/cold water mixers. shower screens are included, with nice wall tiling (beigh & chocolate color matched, very nice).

ehh...i am not sure if i missed out any info, feel free to post your question here if u have any. i will try to recall. anyway, the show unit would be ready & open to public next month.
June 20, 2009 at 6:05 PMnewbuyer: thought you guys might be interested to know. the sales person brought me up to the half completed site show unit last week, together with the project manager.

All floor tiles, bathroom tiles and kithen tiles are done. very nice. not luxurious, but nice. i have seen bayswater original unit, and i have the impression that this is almost same as bayswater, if not nicer.

the project manager is from UDA KL, specially assigned to Penang for this project. Nice guy, still fine-tuning the finer details of the project to make it nicer. his previous project is in KL Bangsar. he thinks we are getting a very good deal here, as this kind of units would cost ~RM600 psft.

lock sets look nice & modern. very modern light switches. ceiling has good height. no ceiling beams in the living room, making it look more spacious.

bathroom 1 & 2 come with pre-installed central water heater wiring, with hot/cold water mixers. shower screens are included, with nice wall tiling (beigh & chocolate color matched, very nice).

ehh...i am not sure if i missed out any info, feel free to post your question here if u have any. i will try to recall. anyway, the show unit would be ready & open to public next month.
June 20, 2009 at 9:17 PMPositionT: Hi newbuyer,
Thanks for sharing, few questions below:
1.Is the window green tinted and is the window frame powder coated (white)?
2. What is the size & quality of the indoor & balcony, toilet, foyer (main entrance before main door) floor tiles?
3. What's the quality of the balcony grill? Stainless steel etc...

Thanks again.
June 21, 2009 at 12:15 AMnewbuyer: Breeza,

Answers :
(1) yes, windows are tinted green with white powder coat (looks like good quality stuff).
(2) indoor tiles are all ceramic (with 18"x18" for living). I dont remember the size for the rest. Porceline tiles for balcony. As I said, the tiles dont look cheap, they are nice, but not luxurious.
(3) balcony grill is not up yet. The grill for the back utility room is up. It looks very nice (like wrought iron) with nice design, but from the feel of it, i think it's just aluminium.

Oh by the way, the lifts. Project manager said they are using "Eita", a local brand. I am a bit concern there. anyone here experienced eita lifts before?
June 23, 2009 at 12:31 PMJimmy: Some photos of the mockup unit has been added into Brezza's Blog.

The quality of the material used seems not bad and the build quality is also quite good.

They plan to fully furnish the unit and open for public in 1-2 months time. Looking forward to view the show unit. :)
June 23, 2009 at 1:13 PMPositionT: Just now there're site meeting and lucky to meet up the architect.

Just learned that the master and main entrance door are solid wood flat panel door (very modern), and the rest of door is nyatoh quality laminated flush wood door (nice wood texture la, typical project only used mixed wood).

Got some comment about the kitchen wall tiles... very wierd... the top pieces are with texture(nice), while all below are plain blank. Already told the architect to look into this, bcs very funny to have two different wall tiles appear on my kitchen top's. Suggested to change the top two piece to textured tiles.

Good ceiling height (exactly 10ft)
Other than that, conclusion is very good materials and workmanship. Hope the good work not just for mock up unit.
June 23, 2009 at 4:52 PMUnknown: When is the completion date of this project.
June 23, 2009 at 7:12 PMJimmy: Expected to be complete by July 2010.
June 23, 2009 at 11:47 PMnewbuyer: hi Breeza,

thanks for the info. are u able to give the architect suggestions on the lifts? if "eita"s are inevitable, maybe u can suggest to him to at least use high spec eita lifts (with hairline finished stainless steel panels).

anyone interested in checking out eita lift models, can go to www.eitaelevator.com.my.

all standard eita lift specs are published with pictorial descriptions.
June 24, 2009 at 12:39 AMUnknown: Hi TheBreeza,

Do you have any idea how wide is the entrance wood door?

Besides, what is the brand for the given toilet supplies like the rain shower, water tap and toilet bowl.

Thanks.
June 24, 2009 at 8:21 AMJimmy: I think the entrance wood door is around 3 - 3.5 feet wide. As for the toilet bowl and the wall soup tray, the brand is 'Econax', local brand. You can visit this website for more info www.econax.com.my. Anyone ever use this brand, pls give some comment.
June 24, 2009 at 10:10 AMUnknown: Dear All :

thanks Ex-in-one for taking the show unit pictures for everybody in this blog. this is what i called value added blogger. those who post advertisement in this blog is low-class blogger. did anybody tell the project manager to pay extra attention when installing the lightning to earth circuit protection...make sure the grounding is "deep" enough to protect the house electrical appliance. i don't want to burn my electrical appliance or laptop all even get myself killed during shower during thunderstorm...
June 24, 2009 at 12:54 PMPositionT: NewBuyer,

I didn't discuss with the architect about the lift. His name is Rashim, a very friendly and receptive guy. Maybe you can ask him this in future.

FYI: I was made waiting 45min at the site due to everyone busy with site meeting and no one escort me to the mock-up unit. Managed to have a short chat with them during bio-break. The architect commented this condo is a bargain buy, bcs adjacent condo next to Brezza is going to be expensive when construction start in few yrs time when inflasion crawl in ("plan tu slow, tak approve lagi"). He din't elaborate further on why price hiked, but say UDA is going to get us FH (honestly, i have been put down few times by this yet to come UDA promise).
June 24, 2009 at 4:55 PMUnknown: Jimmy,thanks.

Will it be kind of too small for main entrance door wide 3-3.5feet?
anyone has any idea?
June 24, 2009 at 8:26 PMPositionT: Agree, it is smaller... Typical condo with single 3'x7' door or 1+1/2 swing door for terrace house or SD may give (3'+1')x7'. Brezza main entra 3.5'x8' only, somewhere in between. However, as a matter of fact too broad walking path is against space maximization, but look grant for sure (bangalow use 1+1 lo)
June 25, 2009 at 9:43 AMnewbuyer: i thought 3.5' x 8' was big for such a small apartment.
June 25, 2009 at 11:59 AMUnknown: I would say 3.5' x 8' is not consider big for a 1250sf or 1450sf apartment.

Taking into consideration of the design for the apartment. Dining hall+ open concept kictchen and others is quite spaces especially for those 1450sf units.

So a bigger door like 4' will be just nice. just my personal preference. hehe
June 25, 2009 at 4:05 PMJimmy: We can always adjust the door size to our liking when we do the renovation, just need to spend extra only mah...
July 9, 2009 at 2:59 PMUnknown: do u guys know why no ones buying block b facing gurney?all buy facing gunung???
July 9, 2009 at 6:21 PMPositionT: There MAY be another 24 storey condo upcoming sit right new to brezza (refer to early site layout plan), which may wipe out gurney facing view. block B gunung jerai facing units have large side windows at living & kitchen to enjoy gurney view also (could also be blocked by the upcoming condo), but their view to jerai is undisturbed.
July 9, 2009 at 9:18 PMPositionT: typo:

..sit right "next" to brezza..
July 10, 2009 at 2:22 PMJimmy: I think people love to have sea view or hill view, instead of city view kua. I think even the new condo is up beside Brezza, the view will not so much affected, if you look at the site plan from this blog.
July 14, 2009 at 9:52 PMjeremy tan: I have got a unit block A-20th floor type 7. I am just sharing my experience from buying this unit. I receive an invitation from CIMB to view the soft launch of the condo about 1.5 years ago. I had my doubts during that time about the brezza since it was leasehold, furthermore it was done by UDA, they are reliable however in terms of quality wise, other construction companies would fair better. Nevertheless,I took my chances. I consulted my uncle who is an architect regarding the location,price,leasehold status and so on about the condominium before committing myself to this project. Not to mention that the unit i choose cost about rm511,100. I chose that unit for a couple of reasons, firstly was because of its unobstructed view of gurney drive and its further away from the road. Noise pollution would be less and in terms of sunset and sunrise it would be the best unit to live in. People would argue that the 22 and the 23rd floor would be better but i never like it because its nearer to the roof and leakage might be a problem in the future for those units.
Moments after i decided to buy that unit, an indian family with his wife and children approach me. He made an offer to buy my unit for an extra rm10,000.........my first encounter with a buyer who is that keen on buying my unit for a price premium.
I knew from all the facts i gathered about the location of the place it is for sure a good investment.
In the end of the day it all bores down to location. Pharmacy nearby, fatty loh chicken rice around the corner, food court around the corner, shopping mall next door, mamak stores nearby(jamil,zubaidah,khaleel etc),restaurants(no eye dear,faces,korean,japanese,prima tanjung etc),petrol stations(petronas,shell,esso,mobil).chinese hawker food in the morning at fettes park, banks (CIMB,Affin,Maybank etc),broad roads(never experience a traffic jam in that area except for that moment where the traffic lights didn't function or there is an accident),tari cafe?, tulang corner, less than 5 minutes to gurney drive,less than 10 mins to tg bungah,20 mins to batu ferringhi,future tesco will be there, future marina will be near there as well. Enough said.
Its the location that counts in the end. Freehold or leasehold it is still worth a buy. Obviously,the conversion to freehold will benefit all the investors, i am keeping my fingers crossed.

Latest news about the freehold status involves the people from the kampung. They will be receiving new apartments from UDA as a form of compensation. It is a requirement by the state government for UDA to do so before they can grant UDA the freehold status for the brezza and of course UDA will have to pay for the land conversion fees as well.

I do hope this freehold status will materialize eventually since UDA are in good terms with the government(federal though lolz)

There will be future condos being built on the left and right side of the brezza however they are not too near. The distance would be similar bayswater and platino in e-gate or maybe even better.

Views will certainly be obstructed hence i choose the higher floors to avoid this problem but nevertheless ask yourself. Most of the time we are out working and when we get back home its all dark already, does the view affect you that drastically...it varies from people to people.

I can only say the strongest selling point for the Brezza is the location! As for the rest i will leave for all of you to speculate.

Cheers.
Jeremy
July 15, 2009 at 10:51 PMnewbuyer: jeremy,

You are right to say that the selling point for brezza is location. but if you get location + seaview, that's more bang for the buck. Afterall, why stay in a condo in penang if not for the seaview?

by the way, have u guys checked out the latest progress with the show unit? the entrance looks very "sui" and grand. Looks like UDA is really giving their best for this project. Let's hope they do a good job in the landscaping.
July 16, 2009 at 12:31 AMPositionT: The plan of having show unit changed. The mock-up unit will be opened for public by August without funiture on WYSIWYG basis. UDA will employe ID to redo another fully furnished unit.
July 16, 2009 at 1:01 AMHANnJUN: Anybody know how many percent of Malay are buying The Brezza. My concern is if the maintenance is not good & tight enough, we might be seeing ppl not wearing proper attire of swimming costume jump into the swimming pool.
July 16, 2009 at 9:59 AMsam: After you have bought a property, would you be so free to post -ve comments about it? how about fettes residence, tg park? Why not The suites & the up n coming condo by E & O (confirm no blocking of sea view). put simply, Tanjung Tokong is the next big thing in Penang.
July 16, 2009 at 10:54 AMsss: i agreed with the plus points of the brezza. i especially feel the the gurney facing side of block A will benefit the most in terms of sunrise and sunset. the view of gurney with the lights on at night will be good, maybe better than the darkness of an open sea, having seen both view before.

the entrance to the unit is a bit small especially the corner units but we will find out when it is really ours. honestly speaking, i find the block B corner unit second room, the oddly shaped one, really really small. it looks good on the layout plan but it is actually quite small.

i may be wrong but the potential for brezza is there. the location itself is a major selling point.

of course, E&O is good but for those with tight budget, which is the majority of us, the is a good second choice.
July 16, 2009 at 10:57 AMsss: oh yes, one major concern is the possibility of new condo blocks to the left and right of brezza. while we cant do much about it, it certainly slow down the sales of block B. not sure if block A gurney facing will be affected but i think it wont be too bad.

another not-so-good thing is the possibility of cars parked all along the roads, as parking lots will not be enough, with only 1 carpark for the smaller units.

as a buyer of the brezza, i think it is fair to note the negatives as well, for a balanced perspective.
July 16, 2009 at 11:32 AMPositionT: Nothing personal, but just few facts for discussion:

1. Those facing Jerai will have marine view, with yachts & light tower at night. Once the man-made islands are up (+10 yrs), more interesting view rather than complete open darkness.
2.Car parking along the road may be an issue, but may not be severe bcs Brezza density is low, and UDA staff claim the adjacent condo is slightly more upclass and more car parks catered for its residents. Price of course much higher.
3. Block A Gurney view will not be obstructed by the adjacent condo in anyway, bcs they are running in parallel. Only Block B gurney view might be affected, and UDA project team claim they are "tweaking" the new condo for maximum view for everybody. Finger crossed
July 16, 2009 at 2:06 PMnewbuyer: HANnJUN,

I am really puzzled by your comment. First, you mentioned Malay buyers, then your concern about maintenance and improper swimming attire.

What have buyers of a particular race got to do with condo maintenance?

And what rights do you have to judge other people's attire to be proper or not, when the attire is doing no harm to others?

Sigh. Maybe Neverland would be the most suitable place for you to stay.
July 16, 2009 at 2:30 PMjeremy tan: I do agree with newbuyer that race should not be used as an excuse for low maintenance.
This is where the law of economics comes into play. The units priced between 375,000-518,000 only allows those people who can afford it to purchase.
I do believe those people who can afford it will certainly know about the maintenance of the place.
I am guessing the reason why hannjun is saying so is because he has seen low cost apartments such as the ones in tg tokong, where majority those staying there are malays, the cleanliness over there is out of control. Rubbish can be seen in the lifts and the areas surrounding that apartment.

So,don't worry the law of economics still applies. Those who can afford it comes from the upper group of people. As far as i know the person who purchase the floor above me is a malay professor from MU. Btw, he bought 2 units!

Cheers,
Jeremy
July 16, 2009 at 3:31 PMnewbuyer: Jeremy,

You got your economics spot on! and welcome to the great new world of capitalism!

Cheers!!
July 16, 2009 at 3:47 PMnewbuyer: ooops, speaking of low cost apartments, that reminds me of Majestic Heights..:)..and when you bring potential tenants to view your apartment after leaving it there vacant for too long, you will find :-

(1) straberry scented sticky rubber tubes keep dropping on your head on your way up to the apartment
(2) myterious moaning sound coming from your neighbouring unit, which is suppose to be vacant too
(3) complimentary matresses from the developer in your own vacant unit

Just a side topic. Cheers!..:)
July 17, 2009 at 1:14 AMHANnJUN: newbuyer,
Have you seen people wearing tudung and jeans in 5 stars hotel's swimming pool? I have experienced it before, ok .I have not judge ppl attire to be proper or not but the proper swimming attire is needed when you go in to swimming pool. Hope it will not happen in this condo. Rich & high educated ppl sometimes are more arrogant and overbearing ...
July 17, 2009 at 9:50 AMJimmy: Actually I don't really care about what people wear, I just hope the landscaping is better, at least like a condo style, if can be like Bayswater, then it will be great. Hope Uda really put in effort to make this condo a success. At least people will have confidence in UDA's future condo project.

By the way, the fully completed mock-up unit will open for viewing by 1st August?
July 17, 2009 at 10:16 AMUnknown: Hanjun,
I think no prob with malay wearing tudung in swimming pool.. Some they wear scaf or swimming cap, up to them coz they pay for it.. So dont think other race perfect.. If malay can stay in 5star hotel or luxury condo that means they are rich n know wat they can do n not.. Issue in swimming pool not under our control, dont judge ppl with their race..
July 17, 2009 at 11:32 AMjeremy tan: I believe that if your main concern is the swimming attire then a set of regulations will be provided by the management for everyone who swims in that pool.
Cheers,
Jeremy
July 21, 2009 at 4:53 PMUnknown: hi all :

i think we should not discuss race and religion stuff in this blog. we are already living in 1 Malaysia concept....don't speculate things. believe each other. go back and read your RUKUN Negara.
July 21, 2009 at 4:56 PMUnknown: hi hannjun.

please tolerate the uniqueness of every race in malaysia. if u go to Middle east and repeat this, i am sure u might be landed in trouble. please calibrate and rethink before u open your big mouth....
July 28, 2009 at 1:55 PMUnknown: this project has already been launched since nov 2007. what was the soft launch price? has the price been increased? by how much?
August 1, 2009 at 12:13 PMUnknown: may i know still got how may many units left, and what is the price range, i'm quite interested on the project,
August 2, 2009 at 12:15 PMJimmy: You can check the available unit from the sales office at Prima Tanjung. I think the Block A which is sea view and gurney view has few lower floor unit left, but u still can check out block B, which have city view and hill view with certain unit with great sea view as well.
August 2, 2009 at 12:16 PMJimmy: Is the mock up show unit available for public viewing now?
August 5, 2009 at 4:43 PMUnknown: dear lightning.

thank u for your info..but the developer haven't sold all the units yet, RM480 sliglhtly high lah......1 close friend of me who is well verse in property valuation told me it is roughly RM360 per sqft only Max....
please double confirm ok ?
August 6, 2009 at 6:14 PMCitysleeker: thunder -

At RM360psf for a 1250sqft unit works out to be RM450K.

FYI, The Suites @ Waterside just recently sold at RM750-800psf by the developer. It is almost 100% sold out now.
August 7, 2009 at 2:59 PMPositionT: Friends,

UDA told me the board already aprove to increase price for the remaining unsold unit by 19k per unit by this month .... although the increment/appreciation may not be much in comparison to baywaters or the suites, consider it as a ~rm15 psf bonus la... real appreciation obvious only when tesco, marina park and the shoplots ready...
August 8, 2009 at 2:10 PMCitysleeker: theBrezza -

The current unsold units are the least desirable ones as the better units are all sold out. If remaining units are raised rm19k, the better units should be worth much more.
August 11, 2009 at 3:09 PMUnknown: hi all :

tanjung tokong has become heated area of dev following the successful launch of E&O project. a lot of rich and famous is living there now compare to Tanjung Bungah address. Capital land purchase island plaza after considering this area of dev. RM400 per sqft should be easily attainabled after project completion. For your info, the new MM2H law state that foreigner can only purchase RM500K property and above...so you can sell RM500K for your 1250sqft house then to foreigner.
August 12, 2009 at 3:13 PMUnknown: I think the property price in Penang has become rediculous and untouchable. Hence, if the salary paid workers don't buy now and 10 years down the road, the property price will increase further again. The big chunk of population will migrate to mainland and will only leave rich and famous living in Penang island.
August 13, 2009 at 7:52 PMUnknown: hi lee :

move to mainland...the penang bridge increase price from RM7.00 to RM14.00. have to paid double to commute. worst than maintenance fees.
buy beautiful landed propery in mainland, end up get house break in and robberies daily...for what.....
August 17, 2009 at 9:20 PMPositionT: Went to Fettes park sale office, latest sale updates... Prospect buyer can almost forget about block A, less than 10 units below 3th floor available. Block B, surprisingly those facing sun intermediate unit take up rate have improve tremendously, overall Block B ~ 45% sold. When I was about leaving, two families were still deciding if they should buy block A low unit or block B... BTW, the E&O Waterfront about due by July’10, about the same timing as Brezza… Their calling price is 550psf for marketview unit and 800psf for sea view unit.
August 17, 2009 at 11:32 PMnewbuyer: let's do a simple analysis then. E&O ave price - RM675psf (sold out). Breeza ave price RM320psf (only 70% sold, even after knowing E&O sold out at RM675psf). 2 possibles :- (a) we are not comparing apple to apple (b) E&O buyers were high on drugs when they signed their S&Ps.

oh just wondering, E&O got show unit or not? if have, we can do a quick comparison soon since breeza show unit ready anytime soon!
August 18, 2009 at 1:03 PMUnknown: hi new buyer :

E&O apt is service apt my friend. it is commercial class and can be used for business purposes. i think most of the buyers are investors or people from other state try to own a "temporary" shelther when they come to penang for food and ....mistress !!!!!
August 18, 2009 at 11:09 PMUnknown: Hi,
For Brezza, are we legally allowed to sell the unit after S&P signed and before OC obtained?
Anyone check with Uda before?

Can someone enlighten me? Thanks.
August 18, 2009 at 11:36 PMSteven: Well, E&O is freehold right? One thing I noted is Tanjung Park (with freehold and established residents) only ~370psf now with fully renovated & furnished. How could Brezza with leasehold and not furnished/renovated at ~400psf? I try to understand this myself as my heart is siding Brezza. Any comment ?
August 19, 2009 at 2:45 AMPositionT: Just for discussion, Putra Place Condo is about 290psf-320pfs transacted price nows a day (huge gap har), while Villa Emas still stuck at ~250-270pfs. Sitting next to each other, built by same developer, why so different? Queenbay opening. Timing is of the essence.
Tanjung Park cheaper, numerically? How about value wise? I dun have an answer, but I guess we may find some answers along the line.

- TP, is the 370psf sea/gurney view, hill view or cemetery view?
- Who say Brezza is 400psf? Which view? Until transacted, too early to count the profit. Dun fall trap to be another "The Spring", but we also dun wanna leave money on the table, aren't we?
- Numerically, what is Tanjung park condo launching psf and what's the % of capital appreciation as of today? A rough guess, say 40-70%? Working backward, what’s the annual rate?
- Timing wise, Brezza or TP have upper hand? Considering Fettes Park Condo completion, Waterfront suites and retails readiness, E&O luxury Condo launching & Tesco commencement etc
- Does price up SOLELY due to current surrounding higher priced project, or do you think market speculation on continuous growth of the area and inflow of biz/commercial activities play greater role here?
- Did you realize UDA underprice Brezza and they have to make good their book by profiteering from two other adjacent condos? So, what might happen to Brezza price?
- Do any of you think the rate of economic rebound in the coming year or two crucial for those about completion properties’ appreciation? When economic V shape recover, inflation rise (look at China today). Do any of you remember the last inflation surges dated back just a year ago? Isn't it about human fear that drove price sky high previously?

It's a mixed of logical & emotional factors. It's not easy, else everybody just be full time investor.

Personally, I find it a waste of time to argue over the blog… As of real life, arguing is a lose-lose game. If anyone has good info sharing/questions to make us a step closer to better investment, time well spent.

Thx u.
August 20, 2009 at 1:21 PMPositionT: Update/Correction:

Block A availability: 12x units + 1x show house

Effective 24th Aug (hope no false alarm this time), new pricing for the balance Brezza units. Those interested or registered, putting in your 1% earnest deposit can save u 10k or more.

Downside, no news on FH....
August 20, 2009 at 3:45 PMsam: brezza 400psf, can dream on, foreign buyer only allow to buy 500k and above condo. who will buy from u?
August 20, 2009 at 7:32 PMameer: Dear Sam,

if im not mistaken,foreign buyer allowed to buy property from rm250k above...please confirm
August 21, 2009 at 1:58 AMSteven: Dear Sam,
When you say 400psf is too high for brezza, what is the rational behind your gut-feel. I am really interested to know.

Hi theBrezza,
I am not trying to argue, but just bringing out the facts for comparison & discussion. As an investor, I am sure everyone would see comment from others before making any decision (either to sell or buy). Btw, I understand that TP is mostly seaview.
August 21, 2009 at 10:38 AMUnknown: hi all :

this is the free blog, we can't stop people from arguing, what theBrezza try to point out that don't waste your energy arguing, utilise your energy on how to increase your ROI by "value" sharing. The purpose is to get rich. But i think occasionally "argue" to get some fun is ok, but don;t be too excessive because you wont get rich from doing this. I think TheBrezza got good mentality that we should learn.
August 21, 2009 at 11:53 AMPositionT: All,

I already call up Pejabat Tanah, Penang government still cap to 250k for foreigner purchase, and they hear no memo this will increase to 500k in near future, but i am not saying this is impossible in mid/long term.

FYI: Selangor state gov. already raise the bar to 500k, and i learn online that pahang is 750k, ridiculous.

Call 046505213 (Pejabat Tanah Penang).

Steven,

Thx for ur sharing/discussion. Construction inputs/confrontations is very +ve. As i said, I dun try to be guru as I m not and I dun discount any possibility (behaving like prophecy is fun, and funny), hence no strait answer to u, but I shared with you part of my rationale thru questions, if u would reach any conclusion is subjected to your research and analytical skill + experience.

Good to ask people's rational behind their claim...
August 24, 2009 at 12:37 AMSteven: Fully agree with you, theBrezza. At the end of the day, we (or me) are just small investor doing some homework here. We should help each other (in sharing opinion) instead of other way around. Everyone hope the discussion is beneficial, else why do I (we) spend time here.

Of course one can listen to lots of comment, but he still has to make the decision.
August 30, 2009 at 10:36 AMCitysleeker: FYI, E&O has raised the last few remaining units at The Suites @ Waterside to around RM 850psf!

I don't see why those sea-fronting units at The Brezza not go beyond RM 450psf... taking into account it is still leasehold and may not have the prestige of E&O's project.
August 30, 2009 at 1:15 PMPositionT: Citysleeker,

Agree with u. By the time outsiders have more idea abt the POTENTIAL development (although not finalize) on the commercial land OPPOSITE the upcoming Tesco (on E&O site), they MAY NOT question the psf of Brezza anymore. Yes, Tesco is there (undergoing M&E tendering if u r interested to bid), and we are talking about something as good as, if not better than, TESCO (for investment point of view).
August 30, 2009 at 3:29 PMCitysleeker: Normally the price difference between a FH and a 99yr in the same area is about 20%... assuming both have similar finishing and facilities.

Assuming, The Brezza's furnishing and facilities are 20% "lesser" than E&O's The Suites@Waterside.... The Brezza wud then be priced 40% below E&O at the very most...so RM 850psf at The Suites will translate to RM 510psf to The Brezza today.
August 30, 2009 at 3:50 PMPositionT: Can be a great reference, isn't it great if we could have a straight forward calculation... I think it also subjected to demand and supply... if the surrounding development cause inflow of certain type of commercial activity, and those properties there meet the standard (both living & affordability) for the type of worker, then the price would rise amid strong demand (stay or invest). Mont Kiara is a good example.

BTW, E&O give lots of freebies, like kitchen cabinets, fridge, air-con etc... the price premium is more about perception of class than the specification. Very complicated math here.
September 2, 2009 at 10:43 AMUnknown: hi Citysleeker :

please exclude E&O from property valuation, the E&O developer is very futuristic and the price they impose on us is also futuristic.

only compare to IOI prop fettes residence will do. price at RM400 per sqft, build then sell.

therefore, i think The Brezza RM400sqft is fair price and quite conservative. i think we can easily sell out our unit at RM400 per sqft after completion.

Thanks
September 6, 2009 at 11:31 AMCitysleeker: E&O will be launching their condo project (next to The Suites @ Waterside) next month. Looking at RM 800psf!!!
September 8, 2009 at 2:23 PMPositionT: Visited the show house just now, overall nicely done, bravo!! Personally, i like the master room and the living room & dining (especially the curtain), home sweet home. Partition btw living n dinning is simple and nice. Lighting wise, a bit dull, can't feel much atmosphere.
September 15, 2009 at 2:48 PMUnknown: hi brandon :

did u take bank loan ? don't need to pay penalty ? Uda can sign the consent for you ?
or you only can transfer name after OC...
then i am afraid u will earn RM1.00 only after all this... except if you are the cash buyer...then different story..
September 15, 2009 at 9:29 PMPositionT: Lighting,

Once i wanna buy simfonia terrace (individual title) from a cash buyer(thereafter called seller), UDA make it compulsary for the seller to return the unit back to UDA else they won't approve any transfer of title until OC. Imagine the challenge ahead for a strata title property like brezza even a cash sale. If bank involved, a complete waste of time....
September 16, 2009 at 9:11 AMsam: 400 psf for brezza?? Dream on....zzzzzz
September 16, 2009 at 10:47 AMUnknown: Hi Sam :

i dont think is a dream...wake up, i think u are in your dream that the area psf is still lower than that...

have you bought a unit ? If not yet, wake up from your dream and go and get one.
September 17, 2009 at 4:02 PMsam: yes, RM 400psf EVENTUALLY...in the future. perhaps when SGD 1 = RM 3. there is only one direction RM will go ====> DOWN.
September 20, 2009 at 12:48 PMjeremy tan: Dear Sam, the brezza will eventually hit RM400psf by the end of this year. It doesn't matter if the singaporean currency is higher or the malaysian currency is lower. This affects the buyers decision if he is from malaysia or singapore but it does not affect the price of the property per square feet in that prime area.

It will probably hit that mark if it is converted to freehold.

Economy is recovering in America now. Asian stocks and commodities are rallying. That means material to build properties will increase. Hence, the price of the property naturally will increase, considering the fact it is limited on an island and its on a prime location.
If Jelutong IJM projects can go for more than 400 psf and E&0 projects are being sold at RM700psf. I don't see why the brezza won't go for RM400 psf in the near future. Wait and see for it to materialize.

Jeremy Tan
September 22, 2009 at 3:58 PMsam: It is obvious that you have interest in the project to comment that way. If garment have cap the buying at 500k to foreigner, who will be buying from you?
September 23, 2009 at 10:09 AMjeremy tan: Dear Sam, it is based on the projected growth reports by bloomberg and business times. Recent efforts by Mr Lim Guan Eng to increase the capacity of land space available for construction is a clear sign the property in penang has to be kept under controlled before it becomes like singapore.
Property prices in singapore has inflated 3 times in the past 4 months.

I own lvl 20 block A, going for at least RM550,000 now. Initially i bought it for RM511,000.

You are right that i have interest for me to say so but i am not saying it because i own one. It's because the economy is recovering for good throughout the world. The manufacturing side has reported positive growth since last week. The Feds are keeping their stimulus plan, the dollar is weak, relatively properties in Malaysia is cheaper than Vietnam or Cambodia.

Fettes residences just across the brezza is going for RM842,000 (starting price) Previously when it was launched it was going for RM800,000.

Jeremy
September 23, 2009 at 1:53 PMsam: As I am typing, RM is hitting new low against SGD. SGD is not heading north, it is RM heading south! Hence the property will go up due to depreciation of RM, property is the only hedge against inflation.

Singapore property did not INFLATE, the word is appreciated in value + SGD strong ===> yee ha !!

I have yet to come across a developer who 1st launch their project at high price and lower the price thereafter.

E & O suite launch at RM600psf, they offer me RM 750psf for LEFT OVER UNITS now. This is what i call good investment.

Dont spend too much time reading the newspaper for investment ideas, simply because the everybody is reading it too. ;>
September 23, 2009 at 3:41 PMjeremy tan: Hi Sam, as i am typing now, ringgit is growing stronger against the american dollar and other currencies, as i am typing right now.

Inflation is the word to use because inflation happens when everything goes up in price and that is what is happening in singapore. It is important to have this to sustain growth and GDP for the coming years. Appreciation happens when something you invest increases in price. I am not trying to correct you but this are the real facts reported by Bloomberg. Go ahead and sue them if you want.

Lower pricing is to stimulate demand when times are no good, now they have increased the price higher than the initial offering price.

I quote from the latest article from business times of today:
The ringgit is catching up to other currencies, which have been appreciating during the Eid-ul Fitr holidays,” said Tetsuo Yoshikoshi, a senior economist at Sumitomo Mitsui Banking Corp. in Singapore. “Those strong good economic indicators have been translated to a recovery story of the global economy.”

I can see that you are touching on the E&O projects.....i have a friend recently who sold his semi D unit there for RM 1.1 million. His main concern is that it is on reclaim land and global warming are causing sea levels to rise faster than we thought. He told me that since the papers are advertising for it, it is a good time to sell. Since they are offering you for 750sqf then my advise is for you to sell it unless you plan to sell there.
Whether your investment is good or you benefited anything from it is solely your own business.

I am sorry but i can't help but to read a lot. I work for an investment bank.If you don't want to read then its solely your choice and i respect it.
However, if you read then maybe the things you say will make more sense.

Glad we can debate about this. Hope it is kept professionally.
Time will tell everything. Wait and see.

Jeremy
September 23, 2009 at 3:49 PMjeremy tan: btw reading your older comments on RM going down. It is very funny. 400 sqf is achievable. I work in an investment bank and i can tell you that will happen, it is not a dream my friend, it will materialize.

I don't really care about how strong SGD unless i own properties over there. What i care about is that people will still buy in Malaysia because it is relatively cheap. So, let it be 400 sqf or maybe 450 sqf, people form overseas will divide it by 2,3,4,5. Up to them. It's a win-win situation.

And 400sqf is not a dream, a gentle reminder. My investment bank forecasted REIT profits for the 1Q of next year. By the way, i do hope you know what REIT stands for.
September 23, 2009 at 4:41 PMsam: What is the point of RM getting stronger against USD? the whole world is dumping USD, especially the Chinese...y do I even bother to tell you this...
September 23, 2009 at 4:57 PMsam: do I know REIT? this is for old man lah.
September 24, 2009 at 8:44 AMjeremy tan: It goes to show you don't even know what REIT is. It is not for old man. It applies to every single property considered an investment.

What is the point of investing if you don't even know the fundamentals of investing?

WHat is the point of RM getting stronger against USD? The point is to prove that your statement :" as i am typing now RM is going down"....that's my point.....please read, it helps a lot to keep you updated, so the stuff you say is not pure bullshit and it would be embarrassing for you to be giving all the wrong facts about finance.

The chinese are not dumping USD. They are exchanging it for equity and US stocks. Dump by definition is to throw away as a rubbish into the dustbin. Please think before you say something seriously.......
September 24, 2009 at 8:46 AMjeremy tan: Btw, remember inflation is inflation and appreciation is appreciation.
: )
September 24, 2009 at 8:53 AMsam: If the investment does not give me a min 15% return, I am not interested.... Boy, am I glad my money is not with a investment banker.
September 24, 2009 at 9:13 AMjeremy tan: it is a very good point you got there...15% above the original price is the profit you should be expecting from an investment upon obtaining your OC. At last you are talking with some facts. Investment bankers get more than 15%....the numbers are too high for me to disclose it to you. However,certainly more than surgeons and doctors and engineers out there.
September 24, 2009 at 10:31 AMUnknown: Well, some one is acting as though he is an expert in investment and is holding secret information that is privy only to those who are rich and famous. Do not be surprise he might just be a clerk or teller in an investment bank.

Compare Penang to Singapore? What a joke. Relatively, most of the properties in Penang are purchased by the locals compared to Singapore. Singapore enjoy the status of corruption-free, most efficient city, safe and enjoys many No. 1 be it in airport, port, education, etc. They are many expats and asian immigrants seeking PR in Singapore. How about Penang?

For Penang, other than those expats working in MNC, rich chinese from Medan seeking treatment in Hospital or some Japanese who some how like our Batu Ferrighi, nothing else.

Further more, the MOST important element that you miss or try to hide in the equation is Prai,Bukit Mertajam, Teluk Kumbar, Batu Maung and not to mention the 2nd bridge linking us to the almost limitless of Land for housing in 2 years time.

It is not that if you want to sell high, people will buy high if there are other options. If the asking price is not reasonable and skyrocketing just because of the manipulation of the speculators, people is willing or forced to travel half an hour or more to reach their home. Chinese said "If the horse died, We are forced to Walk"

In Singapore, the situation is totally different. Other than the tiny island, they have not other option.

I am just one of the many penangites and I do not have to work in an investment bank or any top consulting firm to come to this.

It is just as normal as buying vegetables in the Market. IF there are other sellers, people will compare prices and worse come to the worse, visit another market although it might be far away. Not necessarily you must buy your groceries in Pulau Tikus Market if you know it is expensive.

Wake up property speculator.
September 25, 2009 at 3:35 PMjeremy tan: You can be rest assured i work in an investment company. Hwang DBS investment division.
Another person who talks without facts and statistics. Go look up the tourism malaysia website and you will have a rough idea on how many expats that live in Penang.
You will be surprised how many foreigners invested in IJM projects alone. Go read my Vicker Securities report on IJM sales.

You do understand Penang island is an island? It doesn't matter whether
we have the mainland because an island is still an island. A mainland is a mainland. Please get your facts right, please...i am like explaining simple dictionary words and its definition to a group of people who claims to be smart investors.

No doubt that there are plenty of expats in Singapore. However, majority of the buyers are locals. The HBR apartments and condominium are build by the government and to ensure its given back to the people.

Seriously, go read up your facts before babbling because it is really embarrassing when the stuff you say are based on your intuition and not collective data.

Properties in Penang are still relatively cheap as compared to Vietnam,Cambodia and Singapore. Foreigners and retirees are increasing in numbers in Penang through the MM2H program. Besides that the abolishment of the FIC committee and the removal of property gain tax allows property transaction to be easier

Most of the upcoming middle range and high end properties are by foreigners. Please go look up REIT annual reports.

How about you use your intuition and add on to say besides the japanese and those working in MNC plus those who studies in UPLANDS school and DALAT school.

If only buying property is like buying vegetables in the market.

I won't ask you to wake up. However, i will ask you to read up. Talk facts and not bull...seriously

If i really want to act cool...i will be calling all of you imbeciles now. l0lz
September 25, 2009 at 4:54 PMUnknown: If your prediction is correct, the only direction for the property price in Penang Island is going north. In no time, the property in Penang Island will be very soon out of reach of the average joes who form the majority of the community.

How sad and pity. The reality really bites. Only the expats and the rich, especially those working in Investment Bank can afford.

I work in Goldman Sachs (A modest investment bank) but as an office boy only. Previously, I was in Merrill Lynch (Also another investment bank) as cleaner.

In between, the public housing scheme subsidised by the Singapore Government is called HDB (Housing & Development Board) flat and not HBR, no need to say thanks. After all, both of us also from Investment Banks. Luckily, it is written in Blog and not your report in The Edge or etc.

Please allow me to pray that the Penang Island property prices will not increase exorbirtantly so that each and every one can afford a home.
September 25, 2009 at 6:55 PMjeremy tan: Thanks...i was thinking of Harvard Business Review.....reading that while i was typing haha. Glad to know you worked in two giants investment banks before. Goldman Sachs pays the highest for people in my line of job.
September 30, 2009 at 9:20 AMsam: jeremi,since you like to read so much, READ THIS:

http://www.todayonline.com/Business/EDC090930-0000066/No-longer-top-dollar?

you are earning so much, why are u interested in property value at RM 500k? Dont u think is too cheap for you...
October 1, 2009 at 3:13 PMjeremy tan: Dear Sam, if it's for investment it doesn't have to be at a high price.....preferably at a lower price. Than the appreciation would be better. Many other people can afford to buy it. "You don't buy stocks at a very high price, how can you expect the stocks to perform better when it is already so high"-i quote Warren buffett.

If you think like an investor it doesn't matter how low the price is, your % of profit will still be higher.
October 2, 2009 at 8:55 AMsam: I dont need you to tell me this, I bought E&O at 600psf, u go and find out what is the price now. Too much of potatoes may not be good for health, I only know buy low sell high....
October 7, 2009 at 8:52 AMsam: you want facts, i give u facts:

http://www.channelnewsasia.com/stories/afp_world_business/view/1009744/1/.html#
October 7, 2009 at 9:00 AMsam: more facts for you:

http://www.channelnewsasia.com/stories/afp_world_business/view/1009684/1/.html

Gold price hits record high on 'plan' to ditch dollar
October 7, 2009 at 9:02 AMsam: not enough? here you go....

http://www.channelnewsasia.com/stories/afp_world_business/view/1009665/1/.html

UN calls for new reserve currency
October 7, 2009 at 9:28 PMUnknown: Is there anymore intermediate (1250sqft) units still available for sale by UDA? If yes, what is the price range?
October 9, 2009 at 9:52 PMPenang101: I read a comment from Jeremy Tan that global warming may cause sea level to increase, I think this will surely hit The Breeza one day... better don't buy :-p
October 9, 2009 at 11:51 PMPositionT: Jeremy Tan, who? Apprentice for Donald Trump?

When tanjong tokong & brezza is flooded, majority of penang area with the same sea level (include the entrance & exit of penang bridge and jetty) all flooded. Therefore, even you stay at the santuary bay, bukit bendera or bayu ferringi, it won't make any different because majority of the town & commercial area will be deserted and the island itself have no more commercial value.
October 10, 2009 at 7:16 AMUnknown: Agree to the Brezza. By that time, it should be the end of the whole world. However, before the "By that time", you may start feeling some effects, i.e draining system not working as the water flow backward, easy to get flood especially when raining.... etc, while higher area still can enjoy their living. The global warming won't just happen overnight.
However again, instead of worrying about global warming effect to your property, we should act and stop contributing to the global warming. Use less electricity, water, recycle, reuse, reduce waste...... This is more meaningful than arguing on preporty investment and so on, without awaring that your pc is generating a lot of heat and your pc screen is consuming a lot of energy.
Not forget to add on a comment to those speculator: I respect your capability to generate good profit from property investments, but I dislike you because you are the one causing low income people (like me) forced to commit on a whole life installment, just for a small apartment/ condo (equal to a semi-D in mainland), and give the profit to you. You make them work hard for developer, bank and for you, but you are the most non-valud add among the 3.
October 10, 2009 at 6:34 PMUnknown: Haha.. is interesting to read Sam Jeremy & the "office boy" from Goldman. The Office Boy sounds more wise even he is just an "office boy". Finally, I decided to buy Brezza because I can't afford E&O and I am so stupid to wanting to live as near as possible to E&O, which I can't afford. Similarly I wanted to book for IJM's Platino at RM380+k per unit, so that I live as near as possible to those RM800+k units but IJM returned my booking. ha..ha.. Just buy what you are happy with, we don't need Hwang DBS or Fund Manager or statistician to decide what to buy.. after buy go for charkuay teow or coffee.. enjoy and look for next
October 15, 2009 at 6:11 PMUnknown: Hi,

Reseller can't sell their unit before OC obtained for brezza units.

So why are some people offering their units at this time? People start to hedge? :)
October 15, 2009 at 8:24 PMPositionT: By right, cannot resale.... by left, you can. There're plenty of loop holes and shortcut by our existing law la, first thing is to secure a good offer.
October 20, 2009 at 8:51 AMsam: owners are selling because E&O project is launching at 500 psf, they still hope to sell above 400 psf. I am not sure to laugh or feel sorry for them.
October 20, 2009 at 10:03 AMCitysleeker: Sam

I don't think you have visited E&O, have you? The new condo, 1bed and 1+1bed (~1,000-1,600sqft) are selling close to RM 700psf.... These faces the sea but some windows in the units look into another block next door.

The Brezza is still a bargain....
October 20, 2009 at 10:04 AMCitysleeker: Nothing from E&O is cheap.... NOTHING!
October 20, 2009 at 12:18 PMUnknown: Thanks for all your publicity, FOC somemore :-) Just like celebrity industry, any publicity, +ve or -ve, truth or false, will help to promote the product. Promotion create awareness, in turn generate demand. Actual sale result speak lounder, always true. Positioning wise, Brezza unmistakenly is a bargain in this area. But to hit 500 psf, need to be perceived in par or at least closed to E&O condo standard. Rely on more external factors and internal residential efforts, but achievable.

Citysleeker,
You are right, the +500 sf is those with oher blocks view, no privacy. Sea view about +720. E&O property frequently priced high partly bcs of furniture package(aircons, +40k plus kitchen cabinet, friedge, washing machine etc...) For an apple to apple comparison, these should bells & whistle should be deducted. Anyway, have appointment to visit E&O condo show unit this week.
October 20, 2009 at 2:50 PMsam: how to compare GUCCI with Giordano even both start with G.....
October 20, 2009 at 7:10 PMCitysleeker: Well GUCCI store is never placed next to a Giordano. Not even within the same level in a mall. Basically you will never see a Giordano when you stand outside a GUCCI store.. and vice versa.

But Brezza is within visibility of E&O... very close indeed :)

That's the difference.
October 21, 2009 at 3:17 PMsam: Can see but cannot eat, this is more torturing...
October 22, 2009 at 10:56 PMPositionT: I just pay 30k for E&O condo booking. Who say can see cannot eat yar? big mouth.
October 23, 2009 at 9:28 AMsam: who is talking to u? BIG MOUTH.
October 24, 2009 at 1:02 AMCitysleeker: Kids! Behave! :)
October 24, 2009 at 8:50 PMWisdom: may I know how much price for the BREZZA now?
Brezza & Surin I oready consider for 1years...
Think to make a choice now for my first investment
hope u guys can guide me..thanks a lot
October 25, 2009 at 9:09 AMsss: not many units of the brezza left. most of the remaining units are for bumiputera, and there are a few which are reserved but not actually sold yet.
October 26, 2009 at 9:18 AMsam: It is too late to put your money in now, a lot of buaya is waiting on the sideline for you...
November 2, 2009 at 9:06 AMjeremy tan: i have got 2 buyers offering extra rm35,000 for my unit.
November 2, 2009 at 12:25 PMCitysleeker: that's too little!
November 3, 2009 at 1:43 PMUnknown: hi jeremy tan,

waoh, cant buy the light, end up buying the brezza ar, somemore leasehold project at reclaimed land.haha.

i thought you said that reclaimed land not suitable for staying 1, really funny, pity you, need to work as pharmacist, and stil need to work at investment company, and now even need to work as part time property commentator. haha.
November 3, 2009 at 4:59 PMspinnaker: Well, well...looks like Nic, the caustic nuclear isotope, has returned from Milky Way..

Speculators, brace urselves for more property speculation 101 warfare & enjoyment!
November 7, 2009 at 12:09 PMUnknown: Just purchase a 1250sqf unit for investment and probably plan to purchase another 1250sqf for self accomodation. For me I think that Breeza's price will definitely increase, first of all is the surrounding, up coming projects around Breeza and most important, the location. I heard that TESCO will be build somewhere near by is it true or just a rumour?
November 7, 2009 at 12:35 PMCitysleeker: Christopher:

Yes! You are right... Tesco will come up along the main road close to the new Quayside condo (E&O).

The new Suites@Waterside at the marina will be a new retail and F&B attraction. As I understand, many exciting names have signed up.

Next to Island Plaza, Boon Siew is building more retail spaces.

Across the road, Ivory will be developing a new shopping mall soon.

The Malay village will be spruced up too.

All in all... it certainly looks promising!

May I know how much you paid for the 1250sqft and on which level? I believe it is facing the hill?
November 7, 2009 at 12:58 PMUnknown: hi Citysleeker,

I bought block B (Block A almost sold out, Block B mostly sold out as well) 11th floor, facing Hill but still can see a bit of seaview from master bedroom (If I'm not mistaken). I bought it at RM375K. (Block A mostly sold out, Block B as well)

If it's true, tht will be great, I'm really looking forward at this Breeza condo, since this is UDA's first project in Penang Island (If I'm nto mistaken) I believe they will definitely do their best for this project.
November 7, 2009 at 4:09 PMUnknown: hi christopher:

congrats.finally u got 1 unit. although it is evening sun facing...but better than nothing...
please spend some money on Thick Curtain as evening Sun, is ...hee hee really unbearable...
chance of Renting out..i would say less than 30% compare to Block A~90% of chance it can rent out...
November 7, 2009 at 5:28 PMUnknown: Hi Lightning.

Yeah, thanks. Yeah, I notice that, really have to spend more on curtain :( I wish i'm in the 30% chance..but for me i think it will not be a problem to rent out because even some units in Bayswater is also sun facing and still ppl looking for it. It all depends how much u like the place. Anyway thanks for sharing :)
November 10, 2009 at 8:44 PMWoody: Hi Chistopher,

May i know which unit hv you bought? As i am still considering whether to buy or not in Block B...
November 29, 2009 at 1:12 AMUnknown: a reliable source told me that tesco will close down e-gate outlet after opening tanjong tokong outlet. Reason : IJM is demanding higher rent. is this news true or false?
November 29, 2009 at 12:44 PMameer: charkt,being said so,your source is not "reliable" then,
November 29, 2009 at 10:40 PMUnknown: haha, ameer, you are right. let me rephrase then. a friend who has made lots of money from properties for the past 15 years (therefore "reliable") told me that tesco will replace e-gate tesco with tanjung tokong tesco.

my verification with another source in the past 24 hours indicates that the news was true.

any comments from the bloggers here?
December 1, 2009 at 12:06 AMUnknown: From biz point of view, doesn't make sense. Tesco bayan lepas geographically have their own crowd, and the size is really huge. Don't make any economical sense at all. Tanjong tokong is just another untapped market. Unless they rental raised to sky high, else Tesco unlikely to give up a existing golden goose. This is my unbiased opinion, I have no unit in BaysWater or light linear. I boycott unethical developer like IJM.
December 1, 2009 at 10:13 AMUnknown: I am also trying hard to make sense of it. oh by the way, further info checking. in fact, IJM no longer owns that tesco building. it's been sold to Quill Capital (REIT fund) last year. Quill specializes in owning and collecting rentals from purpose built commercial buildings. my other source said they have plans to convert that builidng for another purpose. Quill Capital's latest quarterly report mentions nothing about it.
December 6, 2009 at 6:38 PMCitysleeker: Looks like The Brezza has finally reached the top floor!
December 9, 2009 at 12:21 AMcondomana: Sounds like good location and good price. What about facilities? And what about internet broadband access? Is it high speed broadband ready?
January 8, 2010 at 4:36 PMPositionT: Block B intermediate 1250 sf unit have seaview? Do you mean Tanjung Bunga side of sea view? I only know the Block B corner units & block A come with marvelous sea views (bcs i been up to those two blocks almost dozen of time as construction progress). Can someone verify this? Lightning, any comments?
January 9, 2010 at 1:40 AMbluebird: Block B, 1250 sq ft, RM 480K , doesn't this sound a bit too high ???
January 11, 2010 at 1:02 AMUnknown: What is the price range now? who has unit for sales? I'm looking for a unit.
January 11, 2010 at 9:36 AMjeremy tan: You have to wait for OC first which is very soon. I have a unit at lvl 20 block A, 2 car parks located near the lift and its 1450sft. Unobstructed sea view from future developments. I am the 7th buyer for this project back in 2007.
January 12, 2010 at 12:22 AMUnknown: Why not now, Jeremy? When will be the OC obtained? Mind to tell us what was the launching price?
January 12, 2010 at 2:13 PMjeremy tan: My Unit was at RM500,000. After OC, can transfer name and price will be higher.
January 12, 2010 at 2:45 PMPositionT: Jeremy,

Just curious, once OC, what's is you asking price for the 1450sf unit?
January 12, 2010 at 5:30 PMUnknown: OC will not be that soon. Completion 3rd quater of this year. OC be another 4 months after completion. What price would you sell now, Jeremy?
January 12, 2010 at 6:25 PMPositionT: With current construction progress, OC should be by end of yr or early next year. Good also, give E&O more time to build TESCO.
January 12, 2010 at 10:04 PMjeremy tan: Haha, i will wait for the sales report for the Quayside Resort Condominium. If they can sell for RM750/psft per unit. You can expect the brezza to be going for RM450/psf at least. Just wait and see first.
January 13, 2010 at 10:18 AMPositionT: Hopefully la... for far i been offered only ~340 for my block A lowest floor unit. Way from my target, maybe due to lowest floor.
January 13, 2010 at 10:47 AMsss: mine is also pretty low at 5th floor, gurney facing. still can see the sea though. just a bit worried about the further condo beside brezza and the empty plot of land in front, probably for a school. if it is a 4-5 storey school, it will probably block the seaview for the lower floors. damnnnnn...
January 13, 2010 at 10:49 AMsss: brezza has a lot of potential based on its proximity near to E&O, just my personal opinion. but guess it will remain a leasehold, no?
January 13, 2010 at 12:34 PMjeremy tan: That's so true Su Seong. Their price psf will depend on E&O take up rates.

Usually for condominiums, it is better to buy a higher floor if it is for investment sake.

So far, i have got an offer for RM410/sft for my lvl 20 floor unit, with unobstructed gurney view and 2 car parks.

Personally i like this project a lot whether it is leasehold or freehold.

If it is freehold then it is a bonus : )
January 16, 2010 at 2:13 PMbluebird: hi,
could anyone share with me what 'semi furnish' mean??
does that means that come with kitchen, waldrobe ,sofa , etc???
January 17, 2010 at 8:56 PMPositionT: The term is very subjective... but generally among real estate broker:

1. Renovate mean alteration of the unit which cannot be removed (ie.customize kitchen, build in wardrobe, change flooring, air-con etc...)
2. Furnish mean removable furniture provided (sofa, dinning table, TV, friedge & E&E appliance etc).

Therefore, be specific when other quote u with this term.

There're things should be added which value can be effectively transfer into rental/resale price, while other are not.
January 21, 2010 at 10:36 PMbluebird: can you help me to explain the difference btween semi furnished and fully furnished?

What's the basic furniture / renovation offered in market for tenancy?
February 1, 2010 at 2:59 PMPositionT: Today I been up to Block B 20+ floor corner unit (7), the scenes are marvelous. Living room & kitchen enjoy the fully gurney and Gunung Jerai sea view (gurney sea view would only be 10-20% blocked if adjacent condo build in parallel). Master room enjoy full G.Jerai sea view, which bedroom 2 and 3 enjoy full Melaka strait sea view. The engineer added that UDA have made minor change to all corner unit's lanai's wall to increase the view.

Schedule wise, they pretty confident the construction team can deliver the building on time (mid of 2010). OC & VP foreseen by Q4. Freehold, no further update.
Workmanship wise, the effect of smartcoat is great.
De,
Sorry, you are right, block B unit 5 & 6 have great Melaka strait sea view. Only high up unit can have unblock sea view.
February 9, 2010 at 11:14 AMUnknown: Have been seeing so many potential buyer/seller around.
Can someone update any transacted deal for Brezza so far?
February 10, 2010 at 3:01 PMUnknown: One Unit of 1350 sq ft above level 20 at Block A (Facing Sea Block) with 2 car parks. This unit living room has a sea view of the strait, the bedrooms has a sea view and gurney view. Seller asking RM468.00 P.S.F. or best offer.
Email me for pictures of the actual view taken from actual unit.
February 23, 2010 at 9:15 AMsam: when a project take a looooog time to sell, what does it mean? when the car park of a project consists of a lot of local made cars and motorcycle, what does it means? most importantly, who is the manager of the condo after completion? It is amazing that seller can ask for over 500k for this project...
February 25, 2010 at 11:06 AMjeremy tan: haha sam is famous for all his negative comments,always saying E&O is better and Fettes residences is better.

I am neutral. I have properties in The brezza and E&O terrace houses and Quayside recently launched condominiums.

I will be honest, so far my lvl 20, with unobstructed sea view of gurney drive at the brezza with 2 car parks is going for RM580,000 to RM600,000. I am just not letting go because i don't usually sell what i buy.
March 19, 2010 at 3:11 AMsss: the brezza is coming up nicely. i am quite please with its looks. i think it is going to be white and gray, which are quite popular and modern colours.

just a gut feeling, maybe a bit premature, but i think the potential is there.
April 1, 2010 at 11:44 PMCitysleeker: E&O Quayside has touched RM 950 psf!!!
April 9, 2010 at 11:45 PMUnknown: hi condo owners please response if have a unit for sale,I need a unit block A 1450 sq. ft. high floor. I am willing to pay a reasonable price if the unit conforms to my requirement. brokers and agents are not welcome to participate.
April 13, 2010 at 11:00 AMsss: E&O sent me some information regarding their newly lanuched Quayside condominium. accroding to their site plans, they have labelled an area just beside the main road as 'Tesco in construction'. i can see the piling machinery when i pass that area daily. if tesco is coming there soon, it will certainly boost up the popularity and property prices of that area, my 2 cents opinion.
April 17, 2010 at 10:55 AMCitysleeker: Su Seong -

Tesco has indeed signed an agreement to lease a commercial building from E&O. The development was delayed becoz of the economic slowdown last year. The construction has resumed and Tesco will be up by next year followed by Quayside condo the year after.

Straits Quay Mall (marina) will soon open its door to the public by Oct/Nov this year. All these will definitely add buzz to this area.
April 19, 2010 at 12:57 PMUnknown: Cuty Sleeker, have you pass by the brezza? if yes, you no need to ask me that question.
May 9, 2010 at 12:04 AMCitysleeker: you were only expecting RM 490k so if you gt a higher offer, i don't see why you would nt want to sell? don't be greedy :)
May 12, 2010 at 1:31 PMSuzy: Hi Citysleeker, I agree, I believe Lightning is trying to stir the price. Genuine investors would know the right time/price to sell, without the need to get suggestions from the others. This blog is already giving good indications of the price anyway. Sounds pretty desperate too.

Investors with a strong financial backup would not mind holding, even for a prolonged period. Pity those small-fry wanna-be speculators. Good example from SP Setia, units RM40-50K below developers price, check from Mudah.com.
May 13, 2010 at 12:11 PMUnknown: Hi DE,

Sounds like you are a property expert. I am looking for a unit at the Breeza (1450sqft, block-A, around 10th floor as long as I can get a seaview). In your opinion, how much should the fair price be?
May 13, 2010 at 12:42 PMUnknown: To all GENUINE SELLERS only,
Anyone owner who is willing to let go your unit, preferably seaview with 2 car park kindly email me. Budget around 520k. Genuine buyer.

By the way here is my experience to share with:-
Last week I'd engaged with a penang housing agency for an unit at tower A high floor unit. First I offered 480k which initially the owner asking for, but failed to get it. Then the agent came to inform me that the price has gone up to 520k. Again I agreed with the price but suddenly the agent told me that owner only will let go at 540k. I am not sure how true is the "story" but let's not to make it this way. Only keen owner needs to contact me via email.

Thanks,
Mitsui
May 13, 2010 at 2:52 PMUnknown: Hi San,

How big is the unit you're talking about? 1250 sqft? or 1450 sqft? high,medium or low floor?

Would really appreciate it if you could share the info.

Dawn
May 20, 2010 at 7:15 PMPositionT: Just FYI, E&O is dealing with an international school to have their campus start-up (not relocate) on Tanjung Seri Pinang phases 1. Some progress made.
June 1, 2010 at 2:21 PMUnknown: hi all :

June 01 2010 updates. 3 offers pour in for block A high floor 1250sqft. looks like block A is more popular compare to block B because the sun rise and sunset location and also the " grave yard and non grave yard scenary". I got this info from my latest potential buyer,
he is willing to buy at 530K.

Anyway. Since the OC is 6 months away. I am sure i am not cooking up the price. some how some where the buyer seems have done their homework.
June 5, 2010 at 10:49 AMSummer Place: This blog is indeed turning interesting, at the benefits of the buyers. Now, all buyers could have a glimpse at the daily diary of desperate sellers who would publish all phone calls and all offers. Buyers in the current cyber era are indeed intelligent. Thus, eyebrows would be raised, as during the daily reporting of offers and deals, the sellers are also repeatingly highlighting correspondence email. Also, OC is months away, what is the rush? Desperate, self-declared mockery claims, perhaps?
June 7, 2010 at 12:25 AMcondomana: Der, whether it's to the benefit of the buyers or sellers, i think it depends heavily on whether it's a bullish or bearish market. Regardless, transparency results in a shorter cycle of price discovery, therefore making the whole buy/sell process more efficient. Bottom line, sellers always look for highest price, and buyers otherwise. so everything boils down to supply/demand ,sentiment and the perception of value.
June 7, 2010 at 6:50 PMUnknown: Condomana, are you kidding? Transparency? I also saw prices here, then called, and the agent also kept changing the price. San/Mitsui, you are not alone! We should just boycott these sellers.
June 7, 2010 at 10:47 PMUnknown: I am doubt how many investor can own a brezza with the price stake at 580k?
June 7, 2010 at 11:28 PMcondomana: Hi Lisa,

if that's true, you should publish the name (not cybername but the real name) of that agent, and the unit number involved. same goes for san & mitsui. let everyone know who is involved. whether to boycott or not, it's up to the individual. let's make things transparent.
June 14, 2010 at 4:42 PMAl: Can I get confirmation if the Breeza is converted to freehold status? I asked agent and could not get a straight answer.

I think (as for me) wait the next couple of months and see if how many has staying power since a lot of units were purchased purely for speculation purposes, then maybe I could get one there at fair price.
June 15, 2010 at 6:48 PMUnknown: Ya, anyone have any idea about the status freehold for this project? Quite sometime we have been hearing this but nothing was confirmed so far.
June 15, 2010 at 7:31 PMLocality: Did anyone notice there will be 2 color tones for this condo.. However, i would prefer all white with grey lining instead. Any comments please?
June 30, 2010 at 8:41 AMUnknown: Blah blah blah....Rich men Talking Rich..I agree the person that mentioned about Tsunami, do you know guys, every 10 years, due to Global Warming, sea level rise 20cm. You may say by 30-40 years, you won't be around but please think of your kids or grd kids. Even my English husband don't encourage me to buy.

The person that bought 2 Semi-D E&O in Tg.Tokong, you are lucky devil..my friend bought a unit, now facing problem with white ants due to reclaimed land, Insurance company won't bare...who can help please.

Many Condo in Penang were over rated, don't worth the value, like The Brezza, leasehold, too expensive, just because it's seaview, ridiculous! Many Middle Class people can't afford to buy, only the Rich can or their parents loaded.

If you don't agree what I'd said, you're welcome to e-mail me at jeo9@live.co.uk.
June 30, 2010 at 10:56 AMAl: Looking at the prices so far, asking about 1/2 Million for leasehold property.

For buyer just have to be patient awhile. I'm sure a number of units is owned by the developer staff or relative thinking of making a killing or finding "water fish".

Today people are a lot smarter...only person who make good money is the Developer. Also with the current regulation, if property is not well managed, there goes the sinking fund, the swimming pool will become duck pond, the gym will become "spare part store", etc.
June 30, 2010 at 1:58 PMUnknown: 1/2 a million for leasehold property is normal.

Look at Sri pangkor, also leasehold, RM1Mil also got. Marina Bay duplex cost RM1.5Mil, normal unit 1600sf cost RM600k onwards, leasehold. Putra Marine, leasehold, RM700k - RM900k. Even a 700sf sierra vista studio apt also cost RM300k, leasehold.
June 30, 2010 at 8:31 PMUnknown: I heard The Brezza will be converted to Freehold but till now still no news. Can anyone pls help to update the latest status?
June 30, 2010 at 10:04 PMclux: Title conversion to free hold?
It may not happen.
Why should the developer bother to spend more money for the title conversion if the property is selling very well?
July 1, 2010 at 12:50 AMcondomana: ok guys, it's debate time!

Dear Jo,

what rich men talking rich? anything that cost RM600k below should not be considered a rich man's property. why? simple. how much household income does it take to qualify you for a RM540k loan (after deducting 10% downpayment)? RM9k per month. assuming working couple, that's RM4.5k a month per person. rich? nah! many middle class people CAN afford to buy! (at least for the moment, dunno lah after obtaining OC and Tesco & international school sitting right next to it)!!

Dear Al,

if the developer is "boon siew", "IJM", "ivory", "tech ware", "Goh Bros", whereby they will show you the "70% sold" booking list on the first day of project launch, you can definitely conclude that all their relatives & cronies had already bought up all the good units during "pre-launch". But UDA is totally not like that coz their staff simply "boh chap" (don't give a damn). that explains why good units were still available at launching price a year after the launch, before people realise the value. of course after that, everything got sold within a short period of time.

dear Eng,

If you are thinking of buying a unit but still havent got your hands on one, you better pray hard freehold conversion wont happen soon (which i think wont), otherwise you'd have to be a rich man to buy a unit there.

Dear Chew,

the conversion money is not much, and it doesnt have to come from the developer. based on a conversion premium of RM4 million, with 312 units, that should work out to be an average of RM13k per household. a typical value appreciation is 30% after conversion. so based on the current ave value of RM550k per unit, that's a RM150k appreciation. simple maths. all owners will be happy to fork out that money, dont have to wait for the developer. so money is not an issue.
July 1, 2010 at 4:45 AMUnknown: My dear friend,

How much is your salary a month, how much is your wife then? can you both afford to buy half a million apartment or house after deduct househole expenses, car finance, kids expenses?? please be more realistic friend.

4.5K a month wages, you must be a graduate then or high rank salesman...no joke man. How many friends or relatives that you know bought half a million house? 1% or 0.5%??

I worked in a developer firm ages ago, Leasehold never can change the title to Freehold, don't listen to all the bullshit.

Wow, Tesco coming up in that area, great, cheap and good deal to shop there, most of the day I shop in UK Tesco, very cheap ma!

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