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 401 – 600 of 711 Newer› Newest»

July 1, 2010 at 10:26 AMcondomana: My Buddy Jo,

Let me respond to you one by one.

(1) my monthly salary is RM4.8k, and my wife is not for sale. Our monthly combined income is about RM9k, and we pay a combine of not more than RM200 of tax each month:). Bankers calculation for house loan is very simple in Msia, that is 40% of your gross income must not be less than your monthly installment. so we qualify for a RM3600 monthly installment, which equals to RM500,000 loan for 25 years. that leaves me RM5k+ for other expenses, easy lah. things in penang are so cheap cheap. petrol subsidised by government sommo.

(2) yes, i am a graduate, so are a lot of my friends & colleagues. you throw a stone into my work place, it's gonna hit a graduate. there are tens of thousands of graduates working in penang factories. so that's not elite class, just middle (slightly upper) class. you compare that number of people with that kind of income to the land available on the island for development, you will then start to panic.

(3) i am sure you are not going to tell me which developer you worked for.

(4) yes tesco stuff are cheap. rich wifes & expat wifes in tanjung bunga/tokong area go all the way to tesco udini to buy groceries just to save that few bucks (that's penang style). i guess that's why tesco is investing in tanjong tokong.
July 1, 2010 at 10:33 AMPalymra: 1. I think total monthly income for an engineer couple to be around RM10K is very reasonable. Of course the couple should have worked for few years.

2. If the developer is not going to pay land conversion premium, do not hope the few hundreds buyers are going to pay. It is very complicated. In fact if the developer did not convert the land before project launching, the chance is very small they will do it after project is sold. Better you treat it as bonus if it did happen in the end.

Mr Business of Cari Forum
July 1, 2010 at 2:08 PMSummer Place: Hi Jo, seems like you comments have raised much debates indeed. Rather interesting...

Most foreigners would think that a property priced half a million is unreachable by most locals. May be true 5 years ago, but indeed common lately. Some young professionals could even afford 2-3 properties as a couple. I am a normal working-middle class, been working for 4 years and my salary is a little short of RM 8K. Used to think that this is a lot, but my oh my, the youngest junior staff that was recently hired already earn slightly above RM 6K. I believe Condomana was citing a very humble example. Many of my engineer acquaintances earn a lot, and definitely could afford a property worth half a million, maybe several properties too.

Mr Tan H.H. has a point, with the prices of properties in Penang. Location + developer = vast price hike. To add to Mr Tan’s list, Bayswater increased by 100% while Delima Palace by 60%. Deals are still being sealed. Even the recent launch in the super-congested-used-to-be-known-slump Relau was snapped-up in 4 hrs (can’t remember the project name). If I don’t own a property now, I would start to panic indeed.

By the way Jo, Tesco is not necessary the local’s favorite. I lived in Croydon for 3 years, Lidl was more community friendly.
July 1, 2010 at 2:51 PMUnknown: Hi guys

Sorry, I don't mean your wife for sale, typing too quick, error, I mean her wages ok.

Well, couple of years, friends and people that I know, doctor, wife lawyer, engineer, they only bought 300k-500k properties, but offcourse now the value went up. Even I've a few milliionaire friends, they just bought 600k. Maybe these few years time has changed.

The developer firm that I worked with was in KL.

Among others supermarket in UK, tesco profit is the highest. The forien wife go shopping in tesco penang because, Tesco is popular for local UK and cheap. Lidl is German co. not much choices in shop, so maybe Mr Der, the area that you lived, only have Lidl, tesco sure quite a distance. But the richmen wife in Penang drive all the way to Tesco, I guess, they think, wow, UK co, sure good and posh to shop there, let's go then haha

Uda is Malay co, rite? when they built council flat, 98% occuppied by Malays, 1 for Chinese and 1 for Indian, now they building luxury condo, most Chinese buy, very clever!
July 2, 2010 at 9:44 AMAl: Hi Condomana,

Appreciate your feedback on the matter. I was also reading other Penang property threads and I still believe paying over RM500K for this now is totally speculative. I'll keep my options open as I believe once CF has been issued, you'll see a mass number of units for sale...then it will be buyer pick!!

This place is just not exclusive enough to demand the kind of numbers being asked.
July 2, 2010 at 2:33 PMcondomana: Hi Al,

In fact, I am looking to buy an apartment in that area right now. It sounds like you know of units in the vicinity which are better & cheaper than RM500k. Would you recommend me? I would definitely consider buying.
July 2, 2010 at 3:52 PMAl: Hi Condomana.

I was told The Waterfront 1400 sq ft at RM450K. Within a few hours (not days), the owner sold it already. Remember this is FREEHOLD, bigger, lest density, etc...so that why I cannot understand Breeza prices.

I also know initially Waterfront was much higher, than along the way the speculators started to let go as their expected unreasonable prices is not obtainable as there is now less "water fish" around. Even foreigners shop and at times more aggresive than locals.
July 2, 2010 at 4:38 PMcondomana: Dear Al,

The reason the unit got sold within hours is because the seller mis-priced (underpriced) the unit. That should give you a very good price indication, and from that example, you should (or at least I would) think a RM500k Breeza is cheap, considering the location.
July 2, 2010 at 4:51 PMAl: Hi Condomana,

Waterfront already have OC. I believe just be a bit patient, you can get right price.

Breeza, I'll wait for OC then see what happens. Worst case just don't buy this as I have another on the way (in about 2 years).
Keep my excess cash in ASB/ASD. ASD declare dividend of 6.35% for year 2010 ended 30/6/10. ASB will have to wait till end of this year to see how it performs.
July 2, 2010 at 6:22 PMtphimy: I have dropped by the UDA sales office, and was told that there could be a super condo coming up soon in Tanjung West, which is the whole reclaim development where current brezza is also sitted. The exact location is still unknown at the moment, but likelyhood is there that the view for breza may be affected in the future. I have also checked on the status of title conversion from lease-->free, the answer was still the same, application submitted, pending approval. This could be one potential though for brezza buyer, if the conversion is successfully done, sure the price will be reflected accordingly, just like bayswater block A.
July 5, 2010 at 11:00 AMUnknown: Hi Al

Don't rush into it, I mean to buy the brezza, I agree what you said. Waterfront atleast Freehold.

I went back last year June thinking of selling my tg. bungah condo or rent it out, all the estate agency telling me..thousand of condo for sales in Penang, very competitive or I must lower my rental due to thousands vacant units in Penang, but when I say mayb I consider to buy Alila...they told me, Oh, Alila too many demands, price gone up..can you believe it???

All twist and turn, merry go round...don't get PANIC,...hundreds, thousands of condo in Penang for sales.
July 5, 2010 at 11:52 AMAl: Hi Jo.

Your statement is TOTALLY true. I wonder of the agents who also collect commission from the buyer are really working in interest for the buyer. The professionalism is lacking. At times I rather deal direct with Owner as we both save on the agency fees. Mind you, I don't mind for the right agent who really works for you.

I share an experience sometime back. I was staying at a medium cost apartment, as I bought a new property I decided to rent this out. I put up flyers at my apartment notice board. A number of people walked in, one was an agent. She walked in with a familiy, the family liked the place and agreed to my price. This agent then said everything in order, and told me to pay her the commission. It was small deal an since this deal was done very quickly and I go the rental price I was looking for, I had no though that this agent was really not acting for the family. After all the arrangements was completed and I received and paid the necessary commitment, I asked the family how they know the agent and to my horror they said they assumed it was MY AGENT!!! Here's professionalism for you!!!
July 5, 2010 at 2:48 PMJT: Years ago when i am still a yound punk and looking to purchase my first unit, i also came across a agent who used dirty tricks in order to close deals. First of all he showed me quite a number of units which really in terrible conditions, tear and wear, some even looked like a haunted place. After weeks, when i have felt a bit disappointed and tired, he finally showed me a "presentable" one, without much hesitation, i offered. Then the agent told me that there was another interested buyer also offered at the sametime, he even brought me to that unit and that "competitor" was actually sitting inside viewing the units. My agent told me that he is another buyer (not agent) very interested of the unit too, and i need to act fast. As i am a bit worry about losing the "best" deal after putting in so much effort looking around, I have counter-offered with a price bit more than market price. So i have got my unit at last, but what happended next really stunned me. I paid a visit to a friend's place one day, and i saw that "competitor" distributing namecard to the leterbox. Out of curiosity, i took a look of that, and i found out that this guy actually belong to the same estate company as my agent! So the truth is finally being reveiled, they are just gang up together to put up a good show, and tricked me to get the unit at the higher price. When i later asked around my friends and collegues, they said those are quite a common tricks used by agents. Show the buyers the worst conditions units first, then finally a "better" one. After that, put up acts to show buyer there is another person offering higher price, and tricked to jack up the price.
July 5, 2010 at 3:02 PMJT: Perhaps this is the reason why there are hundred or thousand of agents in this competitive industry, some can be more sucessful then others? Also another case just happened to my neighbour recently. He rented out his unit to an expatriate half a year ago through an agent. One day he received a phone call from that agent, said that the tenant does not like the place and wanted to move away. He was surprise, and immediately asked whether can forfeit the 1 month deposit. The answer he got was no, as the tenancy agreement drafted by the agent, did not put in this clause. Of course this case my neighbour also in fault, he trusted the agent fully and did even check the contents of TA upon signed..count himself un-lucky. But this is not all, he later bumped into that expatriate, his ex-tenant later inside the lift, who has moved to a unit few levels beneath. When asked about the reason of moving, the expatriate said that the same agent told him that the landlord, which in this case my neighbour, wanted to collect back the unit fr some reasons. So that agent has also arranged him another unit, and charged him another agent fees (from his company perhaps). Ok, so if got the story right, the agent had double-crossed both the landlord in this case, easily playing them around like a fool. So the morale of the story is, please do not trust your agent fully. Always make sure all documents, eg. tenancy agreement is well drafted, and stamped.
July 5, 2010 at 7:46 PMUnknown: Hi Al and Jeff

Haha...if the agent done a good job, they deserved their commission, they work hard for it but please don't messing about, I very pissed off!

Few years back, my friend bought a unit high flr, seaview in Miami Green around 300k, now the price around 460k-480k with only 1100sq ft, don't you think it's too much for that price?! All because of the western demands and the agents messing about like share market.

Al, are u looking for seaview unit, if you don't really border, I guess Costal Tower and Straits Regency at Tg. Bungah were ideal to invest now, good space, low density. The price went down alot due to Surin project infront.

Once the new project complete in 2 years time, I guess the price of these 2 condo could rise.
July 5, 2010 at 11:49 PMcondomana: Hi Al,

If you can afford not to buy, and put your money in ASN, then I guess you wont be buying anything this round as property price would be on an uptrend from now on. why did i say that? (1) i have witnessed the price resilience of penang prime property through 2008 recession.
(2) penang property is grossly cheap compared to the other most liveable cities in asia (ECA survey).
(3) breeza is well located & positioned for price upside.

Hi there to all the people who hate property agents, :)), i think those agents deserve a break. through the years buying and selling properties, i have come across all sorts of agents, the bad & good ones. and one thing i realise is, being a property agent in penang is super tough!

why? coz you have super stubborn sellers who would rather leave their properties to rot than lower prices, and super stubborn buyers who would rather put their money in ASN than upping their offer price.

so, don't complain lah, and dont always talk about this lah and that lah so cheap dunno how many years ago ah. of course everyone would be happy if property price come down (which means you can afford bigger & nicer house), but think about how much you would stand to loose out if you had not gone in today (and keep your money in ASN instead)!! and by the way, i am not a property agent!
July 6, 2010 at 4:39 AMUnknown: Hi Condomana

I know you upper class, not middle-class person(don't try to be humble),by the way, do you have any share in The Brezza project or how many units you've invested? You just want to argue to win.

Nobody hate or dislike Penang estate agents, we just gave our point of view, sharing, offcourse, not easy to deal with Penang Chinamen, included you too, will you sell your house 450(the actual market value worth 550k) or you rather keep till rotan, all spider clawring and partying in the house?!

Why you compare Penang properties with Asia, why not just compare in Malaysia ahh?! Do you know, with 500-600k, you could buy a single or double-storey house in a nice area(offcourse not posh area)in PJ or KL??

Anybody has a right to invest their money in any investment fund, you shouldn't said in a way of insulting others.

Breeza is not worth the value, the location, the land, the surrounding...mosque aroud the corner, leasehold, reclaim land and malays hawker food store coming up soon...be realistic chinaman, don't just because you want to argue in win win situation!!!
July 6, 2010 at 10:36 AMcondomana: My Buddy Jo,

Let me answer your question one by one.

(1) my father sold char kuey teow and my mum worked at a tailor for a living. what class should i belong to? No, I am not a shareholder of UDA. I am not trying to argue to win. I am just sharing my thoughts.

(2) i am comparing penang to other "most liveable" cities in asia as per ECA survey 2010 because that reflects the level of desire for fereigners to move here and contributing to property price movement.
http://www.eca-international.com/showpressrelease.aspx?ArticleID=7140
Walk around tanjung tokong/bunga area, their population is growing by the day. as much as i would like property price to come down so that i can afford a nice villa by the beach, the inflowing of foreigners is unstoppable now.

(3) yes, you can invest your money anywhere you want, including ASN.

(4) if you don't like breeza, simple, dont buy lah! why are you getting all worked up?!..:))

cheers!
July 6, 2010 at 11:32 AMcondomana: My Buddy Jo,

Let me answer your question one by one.

(1) my father sold char kuey teow and my mum worked at a tailor for a living. what class should i belong to? No, I am not a shareholder of UDA. I am not trying to argue to win. I am just sharing my thoughts.

(2) i am comparing penang to other "most liveable" cities in asia as per ECA survey 2010 because that reflects the level of desire for fereigners to move here and contributing to property price movement.
http://www.eca-international.com/showpressrelease.aspx?ArticleID=7140
Walk around tanjung tokong/bunga area, their population is growing by the day. as much as i would like property price to come down so that i can afford a nice villa by the beach, the inflowing of foreigners is unstoppable now.

(3) yes, you can invest your money anywhere you want, including ASN.

(4) if you don't like breeza, simple, dont buy lah! why are you getting all worked up?!..:))

cheers!
July 6, 2010 at 11:35 AMcondomana: My Buddy Jo,

Let me answer your question one by one.

(1) my father sold char kuey teow and my mum worked at a tailor for a living. what class should i belong to? No, I am not a shareholder of UDA. I am not trying to argue to win. I am just sharing my thoughts.

(2) i am comparing penang to other "most liveable" cities in asia as per ECA survey 2010 because that reflects the level of desire for fereigners to move here and contributing to property price movement.
http://www.eca-international.com/showpressrelease.aspx?ArticleID=7140
Walk around tanjung tokong/bunga area, their population is growing by the day. as much as i would like property price to come down so that i can afford a nice villa by the beach, the inflowing of foreigners is unstoppable now.

(3) yes, you can invest your money anywhere you want, including ASN.

(4) if you don't like breeza, simple, dont buy lah! why are you getting all worked up?!..:))

cheers!
July 6, 2010 at 3:07 PMAl: Hi Jo.

I would prefer Straits Regency. I have put out alert in the SR threads but nothing reasonable yet. I am still also looking at Waterfront.
Breeza will see after OC, base on the current prices I see on this thread for this leasehold property the others mentioned above is a better buy.

I do have something that will only be ready in Q3 2012, and that is seaview, freehold, 4 units to a floor..mine is 1250 sq ft with 2 car parks.
July 7, 2010 at 8:26 AMUnknown: Hai ya condomana

What makes you say I don't like Brezza, they're not my enemy, I don't even know anybody work there nor the bosses, is there any reason I dislike them haha??

I can imagine now, your blood pressure went up high....cool down chinaman.

The properties in Penang rised so high up has nothing to do with the Foriegners ok.The percentage of foriegners STAND just a very small part. You're a clever person, you should know what was the reason behide...politic...khoo...please think!

I want to STOP talking about this topic now. I reckon you go have a few pints lager and jump into the pool to chill out, 69 Mansion in Batu Ferrighi is the rite place for you.
July 7, 2010 at 8:50 AMUnknown: My husband suggested that the developers should build cheaper, affordable properties with seaview for the poor and working-class income, 2-3k a month. These categories of people work hard for the rest of their life and they should deserve better lifestyle.

UDA should consider about doing a bit of charity for these kind of incomes people,equal right for the Chinese, Indian and the Malay.
July 7, 2010 at 9:11 AMjeremy tan: Whether it is worth or not worth it's value is very subjective. As far as i am concerned, location wise seri tanjung pinang is booming. With the new opening of Straits Quay in October and Tesco by next year. This will be the next spot for people to hang out. Besides that, Island Plaza is slowly but surely being revive by its new owner.
July 7, 2010 at 9:50 AMjeremy tan: I was the 7th buyer for this project when it was first launched back in 2007 at the CIMB office at Menara BHL. I remember buying my block A unit lvl 20 1450sft for about RM511,000. I was hesitating at first, and then i saw this professor from UKM took up 2 units at lvl 22 just like that, not too long after another businessman bought 2 units at lvl 21, it was not long after i booked my unit at lvl 20, an indian family approached me and asked me to give him my unit because he wanted to buy 2 adjacent units at lvl 20.

It was my first property that i bought and it was indeed a memorable one.

I remember the indian guy asking me persistently to release my unit to him and in return he would pay me an extra RM10,000. That added on to the push factor into buying this property. I spoke to a few people of different professions on that day itself, they were very convinced that they can't go wrong with this investment.

The reasons they gave me was the location. Secondly, the developer was UDA. The project cannot fail because it has the government backing.
Thirdly, UDA has a good track record in KL. Fourthly, was the pricing. It is reasonably priced for a middle class development.

I guess initially a lot of people hesitated because it was a leasehold development and right opposite it is the Malay Kampung that looks really run down and shabby. Besides that, it is UDA's first attempt to develop a middle class property in Penang.

Sales was pretty slow until middle of last year, when everything was just sold out like hot cakes.

It came to a point where a Dato had to pull some strings to get the last 2 remaining units.

My units comes with unobstructed Gurney Drive View from future developments. It was not too long ago, a genuine buyer offered me RM640,000.

Freehold or leasehold, the demand is certainly there. It is the location, very strategically located.

This is a genuine experience from me. I do know that this project does not involve internal buyers from UDA. It was their first attempt, hence they didn't want to take the risk.

As for their second project: Simfonia 2 not 1. Majority of their staffs took up all the units because they had a pre-launch for Bumiputras only.

The Brezza is certainly a good buy when it was first launched. You can't deny the capital appreciation that it offers.
July 7, 2010 at 9:57 AMAl: A couple of comments here.

For jeremy tan, agree place is up and coming but doesn't mean you pay over the market price. I recall something being mentioned that the land in-front of Breeza will have super-condo, so the scene will be sea-view to "bed-view".

For jo & condomania, we are talking about property. Some good inputs.

Looks like all the comments on agents got wiped-out!!
July 7, 2010 at 10:03 AMPalymra: Hi Jeremy Tan,
Good for you. Did anyone tell you that you are paying too much for it at that time?

Mr Business of Cari Forum
July 7, 2010 at 10:17 AMAceru Pte Ltd: Hi people, I have read through all the good and bad comments posted here but still thinking of getting an unit, the smallest perhaps. Can anyone advice me what's the best price to clinch the deal? How much an Block A, 10th floor and above, 1250sqt unit would worth to you?
July 7, 2010 at 10:27 AMjeremy tan: Yea at first i was a bit worried but when i saw those people taking up the units without hesitating that gave me the push factor. I guess every single investment has its risks. Obviously i didn't foresee that the area would have so much potential until 2 years down the road. I guess i am lucky. Who would have thought that Quayside would be going RM950/sft now. At first i would assume that would be a failed project because its just crazy to be selling condos at that price.

Block A Gurney Drive view would not be affected by the upcoming super condo.

Like i have said i did hesitate in buying. I almost walk away from this but in the end with a bit of risk appetite i decided to take this bold move.
July 7, 2010 at 10:29 AMjeremy tan: Maybe it was because i got to know the buyers on that day itself and that helped a lot in deciding. They are of all different walks of life and certainly holding a stable income of at least RM8k-10k at that time. They didn't just buy one. They bought 2! i was shocked, i was asking myself where on earth did they get all this money. Not to mention, it was a year before the financial crisis.
July 7, 2010 at 10:43 AMjeremy tan: Yea maybe it was pricey for a leasehold development. However, at that time majority of the buyers were convinced that it will be converted to freehold by UDA sales people. Who would expect BN to lose their power in Penang.

E&O Quayside recently received their title conversion from leasehold to freehold as well.

I am glad that this discussion is very productive.
July 7, 2010 at 11:59 AMcondomana: Dear Jo,

I just came back from 69 Mansion and i am totally cool now.

In fact, your husband has a good point, and i believe you do have an option for that.

The springs (by IJM) is just around RM300k with sea view. if you're looking for something cheaper with seaview, can go to weld quay area (not quayside ah!, it's weld quay!), there are plenty of apartments with price tag of around RM100k with sea view too.
July 7, 2010 at 12:01 PMjeremy tan: i was just at 69 yesterday condomana : ) i am cool as well :p
July 7, 2010 at 12:05 PMPalymra: Jo can purchase Desa Bistari at Pantai Jerejak Batu Uban, around RM100K only, fantastic seaview...

Mr Business of Cari Forum
July 7, 2010 at 2:21 PMcondomana: hi all,

that's the beauty of penang, no matter rich or not, you are assured of your basic rights of a seaview home. people dont call it "the pearl of the orient" for no reason right?

oh by the way, did you guys see the front-page headline "sizzling hot sales even before launch"? haha....that's ivory! what did i tell you!
July 7, 2010 at 4:56 PMAl: Dear Condomana,

Pls elobrate on "sizzling hot sales" and Ivory. I'm curious honestly.
July 8, 2010 at 2:09 AMcondomana: Dear Al,

*sigh* ....*sigh*

you sound as clueless as Jo. Are you by any chance Jo's husband ah?

what i meant was read the headlines in this penang property blog. there's a feature article on Ivory's properties titled "sizzling hot sales even before launch".
July 8, 2010 at 2:27 AMcondomana: Hi Mr Business & Jeremy,

I agree with you i feel Jeremy paid too much for Breeza at that time. But with one recession and 3 years later (plus no property price retreat in prime area just after the recession), and plus tesco, the price suddenly became super attractive. So Jeremy, you got lucky.

Hi Alizombie,

think about what attracts you to consider Breeza, and see what other projects offer you the same attractions and compare the prices, and go for the cheapest one. easy right?
July 8, 2010 at 4:04 AMUnknown: Hi condomana

why are u so sarcastic and rude....you're a very Ego person...just want to win. I pityful your wife, I guess she has no says at home!!!

where you work, why you say Al's my husband? I don't even know anyone of you guys, we coming back in Dec...I want to see you then....don't be chicken out! did you mother teach you how to talk...a graduate.., what a shame!!!PLEASE LEARN TO RESPECT...WHAT MY HUSBAND???! DON'T BLOODY MESSING ABOUT WITH ME, CONDOMANA.

you think you earn 8k a month, can talk so pround....do you ever think of people don't earn or never have a chance to earn that much like YOU. how about your sister, brother or cousin??? don't just think about yourself, YOu kinda SELFISH PERSON. is your family members all afford to buy half a million properties kah?? haha...making me laugh!

WHAT DID you chinamen do, did you think of the poverty chinese and indian? do you....weld quay, not quayside?! Not necesarry to talk in a way of insulting the POOR OR WORKING CLASS people....today you well better off but doesn't mean you always well better off guys!PATHETIC!

My few developer friends also laugh at you guys comment.
July 8, 2010 at 4:12 AMUnknown: you guys all...still alot to learn in life...still long way to learn....just few years working in life....long way to go
July 8, 2010 at 4:48 AMUnknown: Dear Al

Yes, my friend just bought the super-high condo next to brezza...READY in 2 years...cost more than 1m. I prefered Infinite or the Palazo..better location, will consider to buy for investment.

A bridge to be built through there across b'worth in few year too...I guess traffic would be hectic soon.

20 years ago, Island glades was a nice posh place to live but these few years, the traffic is terrible...lucky my father sold the house and we moved to tg.bungah ages ago but now...I guess no different soon.
July 8, 2010 at 9:05 AMEx-in-none: Hi Jo, may I know more about the new condo next to brezza? Where is the location and who is the developer? New bridge to build there? Penang 3rd link? Are you sure?
July 8, 2010 at 9:59 AMcondomana: Ladies & Gentlemen,

I rest my case.
July 8, 2010 at 10:13 AMcondomana: Dear Jo,

On the contrary, my wife has all the say at home, and she scolds me all the time, almost like the way you do it...:)
July 8, 2010 at 10:28 AMPalymra: We are lucky that 2nd bridge is still under construction even there is goverment change?
3rd bridge? Not very possible. Never hear about it too.

Mr Business of Cari Forum
July 8, 2010 at 11:07 AMAl: Hi Condomana,
Just to keep the record straight, I'm not Jo's husband and I do not know her personally.
I'm working most of the time in Singapore, and back home during the weekends. I initially did not understand your Ivory remarks, but after l log-in yesterday evening I got the picture.

I have friends who have condos at Infinity, Sky Home, Silverton and 11 Gurney. I'm not too impress with Sky Home during my last visit there, saw that it was actually not really completed. So far the Super Condo that impress me the most is Springfield Residence.

For me personally, I would prefer to hold on to more CASH, so I will buy something more moderate. At times of need ,CASH is KING. Condo is not a liquid asset.

I'm currently residing in a DSSD house at Batu Feringgi and that is why I'm looking suitable investments from Batu Feringgi upto Tanjung Bungah. These sector is still nice to live.

Also wish you the best in your RM600K investment. Hope this will ripe in time.
July 8, 2010 at 12:19 PMUnknown: Hi all

Condomana, Now I can see your cutes side haha...nvm la, don't keep in heart, we don't even know each other. I very sure I'm older than you guys alot, since you all said working only few years so I guess 30 or early 30s...still young.

I've text my frien that bought the super high-condo but she hasn't get back to me, I promise to get back to you Ex-In one.

About the Bridge in tg.tokong, I heard from my developer friend, he sold his sri pangkor and gurney beach because of the Bridge scenary, he now lives in The Cove and few of friends also selling their Gurney One and Regency, moving up to cove or infinite or others..so I not 100% sure about the Bridge issue but the Millionaire start to move away from Gurney.

My another developer frien in Dubai now, he'll get back to me about the new project next to Brezza. Give you guys some info, now many developers from M'sia invested in Dubai, Bahrin and Abu Dhabi but I advise don't buy property over there, the countries have no law or what so ever, today you buy 300k in pounds but tmr maybe you can sell in E-bay waiting for bit start from 0.01p, very risky, I saw from PANORAMA IN UK. Even you buy car in finance, the bank require you issue out monthly cheques and if you can't afford to pay, you'll be in CRIMINAL CASE..that's the law over there.
July 8, 2010 at 10:58 PMcondomana: Dear alizombie,

still insisting on breeza? care to share with us why you like breeza?

Dear Al,

during the period of over inflated asset value, holding cash is ideal as you just wait for the bubble to burst to take advantage of force-sell asset.

but this morning jim (rogers) said malaysia is under invested, meaning asset is still undervalued. it could be risky to keep cash now.

in the meantime, i will check out Waterfront which was strongly recommended by you.
July 9, 2010 at 12:26 AMUnknown: Hi All

Taken from the Star dated 8 July 2010
Property market recovering, but oversupply of condo and office units.

PETALING JAYA: The residential property market, especially landed residences, is on a recovery mode and prices of houses in some parts of Kuala Lumpur and Petaling Jaya have rebounded by 15% to 25% in the past one year, property realtors and consultants said.

However, the high-rise condominium and office market is still facing an oversupply situation and will weigh down on the market at least over the next couple of months.

CB Richard Ellis Sdn Bhd executive director Paul Khong said Malaysians still had money to invest and residential was the hot favourite at the moment.

“Landed properties have rebounded in all segments across the board while in the strata segment, the high-end ones in KLCC and Mont’Kiara have moved relatively slower due to the current supply situation and the small tenancy market,” Khong added.

Will Penangites do better than PJ or KL, stronger buying power or bigger tenancy market?
July 9, 2010 at 5:10 AMUnknown: Hi Al

I was wondering, are u one of my friend's friend (I can't mention his name here), he lives in BF DSSD and have a company in S'pore, you match the profile, I wonder you the same person. I lost contact with many friens in Penang and KL after I moved to UK. I just wish to contact them back.

Years back we in groups always hanged out at flying club kelawei, a good memories. Did you drive C4 BMW red? if yes, you are the one I knew years back...pls e-mail me if you're the one, not so convenient to chat here.

Remember you and your wife came to my uncle diamond exhibition in E&0 hotel years back, you sound so humble...
July 9, 2010 at 10:18 AMAl: Hi Jo,

I am not the guy or in his league yet.
July 9, 2010 at 8:56 PMUnknown: Hi Al

Oh no, dissapointed for me la. anyway, you're a nice person to talk to.

I've a good and proffesional estate agent that me and my husband can trust, we bought our tg.bungah house from her. If you interested, e-mail me, i 'll give you her detail.
July 16, 2010 at 5:18 PMcondomana: hey hey hey, why did something get taken off so fast? i havent even had the pleasure of reading it yet!! c'mon....!
July 20, 2010 at 10:24 AMcondomana: Fung Bo Bo is coming to town, and her friends would be joining her soon.

Known as the Oriental Shirley Temple, Fung said she had found “a beautiful place that overlooks the blue sea” and will be moving here in November.

So buckle up guys, we're all set for a steroid boost in property price! But must remember ah, your property must be overlooking the blue sea!
August 6, 2010 at 11:47 AMUnknown: For Sale :

-1109sf
-2 car park
-pool n sea view

asking RM 430k (Nego)

Interested pls call : Nicholes 016-4874037
August 7, 2010 at 7:53 PMEx-in-none: got 1109sqf?? 1250sqf got 2 car park one?
August 8, 2010 at 1:30 AMcondomana: hi ex-in-none,

it's either :-

(a) owner simply give wrong info to brokers
(b) brokers too confused with what owners told him
(c) owners/brokers trying to distort information by intentionally giving wrong info
(d) potential buyers/sellers impostering as brokers to distort facts

sigh.....penangites!
August 13, 2010 at 3:09 PMcondomana: Hello Brandon Koh,

Would you elaborate on the "market price" of RM 450/sqft. Was it based on :-

(1) actual Breeza transaction price?
(2) actual property price in surrounding area?
(3) actual property price of similar range in Penang?
(4) or your actual imagination?

Thank you in advance.

condom ana
August 15, 2010 at 10:50 PMUnknown: hi condom ana :

brandon knows market well.. you dont. with RM390K, i think you can buy new condo near sunshine square by Seal corporation..go and stay down south dude, dont stay up north.

if you can buy The Brezza at RM390K, i think the whole penang island must be deserted or hit by atomic bomb...do you know that penang continue to generate 30% of the entire malaysia jobs and people are flocking to penang to find job or do business...?
August 16, 2010 at 3:17 PMcondomana: Dear Lightning McQueen,

You sound very arrogant and over confident.

Anyway, I will let the other guys in this blog tell you what I can buy for less than RM400/sqft.

Any suggestions, guys?

Condomana
August 19, 2010 at 5:23 AMUnknown: 看着看着越看越不顺眼。

安全套安娜，
拜托认清市价呗，别整日嚷着不可能的任务，用屁股仔细想想，想通了，自然会了解你提出的只是个白痴任务；就算给你找到了，也被那位超爱 brezza 的闪电侠举足先蹬了。

闪电侠，
你让我好生敬佩，活了这么多年，脸皮厚的人见过真的不少，但勇于公诸天下的，普天下就只你一人吧，还真没见过你这么一个无耻之徒。19-6 是你的呗？带种的就让屋价涨到一亿美金才卖掉吧，真是怪人一个。还有别再放电了，小心遭天遣。
August 19, 2010 at 8:55 AMjeffrey: Hi condomana,
why buy leasehold property? some more 2nd link done... penang gravity (development) center will shift to south region ... u can see all the nice project along jelutong highway... later will expand to teluk kumbar... so why stay at north? south is the future !
August 19, 2010 at 1:27 PMcondomana: Hi Jeffery,

I have nothing against south, just that I am not familiar with that area (neighbourhood, environment, etc).

However, please don't ask me to stay along jelutong highway, as I really do not have the desire to live right next to a dumpsite & a "waste" processing plant!

Penang is a lovely island, the "pearl of the orient" with plenty of sun, sea, good food, and a laidback lifestyle. I intend to fully enjoy that, so no dumpsite or busy neighbourhood please.

The reasons I chose tanjung tokong area are :-
(1) great neighbourhood
(2) great schools
(3) lovely tanjung bunga/batu feringgi beach
(4) you always see plenty of tourists around, that keeps me in a holiday mood (happy) .
(5) convenience (tesco+gurney+everything else)
August 20, 2010 at 10:18 PMUnknown: hi a:

i like your passion. condom ana trigger me because he didn't do his homework. sorry if i offense you. I will treat since buyer with respect. I just want to scold the ignorant buyer who try to disturb here.

sorry if i offense you.
August 20, 2010 at 10:56 PMcondomana: Let me do a translation of what "a" said :

'The more I look at this, the more I get pissed.

Condom ana,
Please go find out the market price, don't always think about the impossibles. Use your ass to think, and when you figure it out, you will realise the price you offered is idiotic. Even if there's someone who's willing to let go at that price, Lightning would have bought it before you.

Lightning,
You better watch out, I know your unit is 19-6 Block A.
August 21, 2010 at 9:23 AMUnknown: hi condom ana:

i have a unit for sale, you want ot buy from me ? i sell to u at RM400K at a loss ok ?
August 21, 2010 at 9:24 AMUnknown: hi condom ana:

this will make you thrill ! like buy at cheap bargain and seller sell at a loss ?. for your info, i am lightning's alliance.
August 21, 2010 at 9:42 AMUnknown: hello condomana:

please stop discuss with this stupid seller. Why want to fed up with them. Dont buy from them.
I have reliable information that lightning got at least 3 units in the brezza, he is a old guy around 50++...very cocky...
August 21, 2010 at 1:58 PMdevilsin: Wowww... is like a market in the forum... hahhaha

I just sold 1 unit left 1 unit.... who wanna buy

Block B 1st floor 1250aq ft RM430K Nego (last call)
August 21, 2010 at 7:31 PMbluebird: Hey guys,
try to use this forum as a platform for factual discussion ok? Don't take things too personally. :)
August 21, 2010 at 11:00 PMJimmy: Hi Lightning, I think you have type in wrong unit number right? As I know Block A-16-5 is belongs to a friend of mine, and he is definitely not selling his unit... please clarify...
August 23, 2010 at 11:18 AMcondomana: Hi Jimmy,

Let me decipher this daVinci code.

(1) 'a' is a jilted buyer/agent. After offering Lightning RM 500k (or around that figure)for his 1250sgft block A unit, of which 'a' thinks is already a very high price, Lightning pulled out of the deal suddenly (due to greed most probably).

(2) Pissed, 'a' posted a comment in chinese in this blog condemning Lightning's action, which was translated by me to english subsequently, of which both comments were censored later on by the blog admin due to the non-lack of profanity.

(3) Being a jilted agent/buyer, 'a' is still bitter until today. 'a' decided to expose Lightning by posting another comment (in chinese) in this blog which specifically mentioned Lightning's unit, Block A unit 19-6.

(4) Again, condo-busybody-mana did a translation of it, to make sure all non-chinese readers enjoy this previlaged info.

(5) Out of panic, in no time, Lightning created fictitious characters like 'thunder' & 'cool fever' to disseminate false info (owning 3 units, age of 50++ etc) to confuse readers.

(6) And of course, the false info of A-16-5 really gave it all away. That unit belongs to Jimmy's friend. Game over, Lighning exposed!

So Jimmy, this Lightning is really a trouble maker. I would suggest you guys not make him any offer (for unit A-19-6), as verbal contract, honour & trust means nothing to this 'Lightning'.

Jeremy,

If you are really interested in buying, you don't have to tell the whole world it's cheap & you are buying. Just call Ms Low and pay her a deposit.:)..what? Wayang Kulit ah?
August 24, 2010 at 10:26 AMcondomana: Dear Lightning McQueen,

Thank you for your compliments. However, I'm afraid to say that your analysis skill is not as good as mine.

Are you sure I am a buyer? Or I could be a potential seller, who believes in honest market price transaction. Or I could be a long term owner who believes the rental potential of Breeza, with Tesco & an international school coming up. Now all those questions really put a big question mark over your claim of "But i receive a lot of email from 2 silent sellers who have bad experience with you...."...:)

Having said all the things that I have said, I would like to highlight to all readers that my daVinci analysis is only my own speculation. So Lightning, you don't have to panic, or take it offline, or debate etc. Hehe..:>

I just want to build a case for readers to do their own judgement, and decide for themselves how much to believe when they read something by Lightning in this blog.

And yes, I had a swet dream last night. Not about cheap property & stupid seller though. Ka-Chow!
August 24, 2010 at 8:46 PMameer: All units sold at Uda Holdings,including show-room unit.
For general info.Thank u for reading
August 24, 2010 at 9:06 PMUnknown: salam:

saya bukan condomana. saya bukan lightning. Tetapi, saya suka tengok mereka bergaduh. Dalam blog ini, siapa siapa pun boleh bina username lightning, condomana, a, cool fever...mudah sahaja.

Just ignore them.
August 25, 2010 at 8:06 PMUnknown: salam condomana (ori)

Terima kasih atas persembahan anda kebelakangan ini. Tahap "hibur" yang dibentangkan amat menakjubkan terutamanya kenyataan kenyataan yang dipaparkan di blog ini pada bulan Ogos.

Saya akan terus mantau keadaan dan beri komen yang berpatutan.

yang benar,

condomana
August 25, 2010 at 10:42 PMbluebird: so this cat fight will never end i guess
August 26, 2010 at 1:39 PMcondomana: Hi Citysleeker,

So high floor for what? When they start building the condo on the neighbouring plot, those units with gurney view will have a "good" time listening to the rythm of the piling machine.

Here it goes....."thong......ge..thong......ge..thong......ge..thong......" and that goes for hours.
August 31, 2010 at 6:22 PMlightning: hi condomana:

Please dont make yourself a mockery trying to "resist" genuine market force.. Really pity your soul.. if your time is up in this blog...go else where to source for your dream home.. i respect your right as the buyer...but dont be the buyer who hopes for cheap sales in this tanjung tokong location....
September 1, 2010 at 12:29 PMcondomana: Dear Lightning,

Relax lah, I am only expressing what I see and what I feel. Why are you so hostile?

By the way, have you found a better offer for your block A-19-6 unit after you rejected that jilted buyer?..:)
September 4, 2010 at 10:20 AMtedd: BROS,dont you think this kind of location worth the value of RM430 per sq ft with leasehold and poor surrounding? More and more squater home will be built there. You should visit the area . 80 newly squatter homes just built. The environment does not match the status as condominium.It should be called as low cost flat with facility. If you wish to purchase , you should wait and see. There are too many speculators involved in these project . Most of them are holding 3 to 4 units and the bank is gving 0% interest during construction.There will be plenty of panic selling soon once the developer hands over the key.Look at Fettes Residence with FREEHOLD and LUXURY facility , the selling price is only RM420 per sq ft.
September 5, 2010 at 9:45 PMjeremy tan: tedd:
poor surroundings? Island plaza, E&O marina lifestyle shopping mall, tesco? How is that poor? Those squatters are just temporary until UDA develops the land opposite the road for the village people. Long term aspects of investments are very promising for that area for sure.

No doubt there will be plenty of investors for every project. I have not yet come across a project with no vested interest in it. As an investor myself, if the price is not right, i will just hold on to it. If the price is right i will let it go. It doesn't cost a lot for the bank monthly installment for this condo.

Not to mention our properties are relatively cheap to foreign investors. The reason why there is a boom is because foreigners and of course the well to do penangites are buying up the properties for investments or for their own stay. They have the holding power. So far there isn't a bubble. Even if there is, it would have to be in China first followed by KL.

Even if there is a bubble, the prices will affect the high end condos and it will be around 10-15% of the current price. I will just hold on to it until the property market is up again.

You have to understand, foreclosures and the mortgage loan crisis happened in America is because they consume more than they save. They were using excess cash that did not belong to them.
As for Asians, we are more conservative, the first we would invest in, at least most of us, would be a house or a condo. We would buy a cheap car and spend less on clothes.

As for the Westerners, it would be their expensive lifestyle that they are trying to preserve.

Besides that, our banks has taken extra pre cautions before lending money to the people. If they think you can't afford your repayment, they wouldn't give to you. The 5/95 plan was given out as an effort by the government to stimulate the economy right after the crisis.

Since then, the economy has recovered and hence the government is slowly curbing inflation by increasing OPR and the ratio of deposit to loan.

I do think they are already doing a good job.

Besides that, this condominium was first launched right before the crisis back in 2007.

Has the price dropped at all? No!

2008 and 2009 was the year where the property bubble in the world burst. In Dubai, Europe and America.

Did the property prices in Penang collapse? No!

I rest my case based on economics and historical data.

Kind regards,
Jeremy
September 6, 2010 at 12:24 AMtedd: it will take at least another 10 years to settle the village matter.Talking is easy. The temperoray homes is for min 5 years and can be extended without seeking the permission from BREEZA owner. There are 80 units of newly built . Do visit the site before you make any comment.There are plenty of FREEHOLD condo which you can buy at these price with good environment.Not every investor has the holding power like you do . I have friends who are holding 4 to 5 units unit of breeza but they only earning RM 10,000 per month . Do you think they can hold the property for years ? Unless they can purchase the property with cash not loan .Friend , RM 10,000 monthly income is nothing now . If you have a family you will know . do you know the project move so slow ? It is because lack of $$ ? Do not compare the project with E & O . There are 2 different classes . Do kindly visit simfonia and the E & O coutyard terrace before you make any comment.
September 6, 2010 at 7:33 AMjeremy tan: Dear Tedd:
Village or no village, the area is still good because of the strategic location.
I have gave you a whole bunch of economic explanations as to why that the brezza is a good buy.
E&O is a different niche, i have got a property there as well.
The brezza is basically a good buy for the amount i paid for.
I have got friends who are holding more than 3 units there as well. If the price is right they will sell, if it isn't they won't sell.
As for your friends, i do believe the banks has done their assessments before loaning the money to them. If they can't afford to pay for it, then the bank will auction it off or sell it to their own people. It is a very common practice. If you were to sell it off back to the developer now, they will be more than happy to buy it from you and sell it again to another person.

I have 4 genuine offers so far. I know the value of this condo.

level 20 and above, i know a senior UKM professor bought 2 units, a lawyer bought 2 adjacent units and a professional bought 2 adjacent units.

These people individually earns more than RM10,000 a month. Easily RM20,000-RM30,000 a month. Besides that, they have been working for more than 15 years.

As for the villagers, they are building more temporary houses for them so that they can move the remaining villagers before they can commence work at the site.

It won't be there for long because they have plans for the piece of land that they are building those temporary houses on. They might build another condo next to the brezza in the future.

The land there is just to valuable for them to let the squatters stay longer.

E&O and UDA are certainly different classes, but location wise it is the same area. Price differences as well.

I do understand why you don't think the prices of properties in penang are not practical. That's because you are working and earning in Penang. It is true that it is hard for Penangites to buy properties like this based on our wages. However, you have to understand there are a lot of foreigners and penangites who are working overseas that buys this houses for a minimum of their wage.

I have got a friend who gets paid RM25,000 a month since the age of 24 because he is working in Australia. He saves enough money and buys a property in Penang.I have got another friend who earns RM30,000 a month since the age of 25 because he works in London. He saves up and buys a luxurious condo in Penang.

No point arguing further, we will have to wait and see.

Cheers
September 6, 2010 at 10:28 AMtedd: Those who really earn high income from oversea will not consider Breeza in their lists. They will consider Super condo such as Skyhome , Sprintide , Quayside , Fettes Residence or the E & O semi- D. Foreigners will not consider these kind of location . Location is strategic but no class and canot match with the standard of the condo. I have business in Japan, Korea, Hong Kong,dubai, USA and London . I do bring my clients to view many housing project in Penang . I know their requirement very well . They end up buying Quayside, Fettes Residence, E&O Marina and E&O Semi -D . Why not the BREEZA since the price is so cheap. No of them is going to stay in that messy place . Investor has no time to wait.Time is money. It got to do with " OPPORTUNITY COST " .
September 6, 2010 at 1:38 PMtedd: BROS, YOU SHOULD CHECK WITH THE OFFICE ON THE CONVERSION OF LEASEHOLD TO FREEHOLD STATUS . YOU WILL GET THE FUNNY EXCUSES FROM THEM . THEY HAVE BEEN TALKING ABOUT THESE MATTER SINCE 2008 . SO FAR NOTHING HAPPEN EXCEPT TALKING.TALKING IS EASY BUT PULL THE HAND BREAK WHEN REQUIRED TO PAY $$ . E & O HAD COMPLETED THE CONVERSION WITHOUT REQUESTING ANY $$ FROM THE HOUSE BUYERS.
September 6, 2010 at 2:38 PMUnknown: Hi tedd, property market is hot now and any tom dick harry even thier kin are looking for a place to invest. Seriously there aren't many of the new medium-class projects now which are exciting enough, brezza in fact should not be such bad choice in view of the excellent location with reasonable condo amenities. May i ask you what would be your recommendations for a beter investment then, and perhaps you can also provide some reasons for that..
September 6, 2010 at 4:04 PMtedd: hi Tanner , when the market is too hot you have to be extra cautious . Dont be trapped by the bull . If you have the budget i would suggest you to look at Fettes Residence not the BREEZA . In the year 2008 , i did suggest to many people to purchase E & O property , terrace and Semi - D . Everyone is thinking that i am crazy . Now the price had apprciated almost 60%. Although the BREEZA is located near E & O and tesco . But the surrounding is totally unacceptable for KOREAN and JAPANESE. as a result it will be very difficult to rent it out. unless you dont have loan commitment and it is for your own stay. The temporary homes will be there for 10 years which no one know.more and more will be built to cater the squater homes . It is not that easy to settle the matter like wat the housing agent said. Talk is easy. As investors , we have have no time to wait and gamble. for housing agent, talking does not cost them money . But as investors , every decision matter will cost you $$$.
September 6, 2010 at 4:22 PMcondomana: Dear tedd,

You come here and critisize Breeza, sure kena tembak one. You'll make more enemies than friends. However, you have found a friend here, whose name is condomana.

Ok, let me go through the things you have said (from a neutral perspective)and check to see if it's a FACT.

(1) 80 squatter homes have just been built (FACT)
(2) Too many speculators holding 3 to 4 units (FACT)
(3) There will be panic selling when developer hand over keys (FUTURE, DUNNO YET)
(4) It will take another 10 years to settle squater issue (FUTURE, DUNNO YET)
(5) You have friends whose income is RM10k/month and holding 3-4 units of Breeza. (Can you please email me their emails or Phone numbers, I would like to buy from them if they panic sell later, my email is condomana@yahoo.com)
(6) E&O vs Breeza are 2 different class (FACT, that's why E&O go crazy, sell almost RM1000/sqft).
(7) Those who really earn high income from overseas don't buy Breeza (NOT FACT)
(8) You get funny excuses from UDA about freehold conversion (I'm curious how did you know that, did you check? Thought you are high class people, why did you go check out this low cost flat with facility??)

Dear Jeremy Tan,
Wah, sounds like you hold a few units too. Don't forget me when you panic sell ah!! Email me!

Dear Tanner,
You are a wise man.

Dear Lighting,
Have you sold your block A-19-6 unit? Got good offer better sell lah, don't wait until panic selling starts!!
September 6, 2010 at 4:23 PMtanprop: tedd, so Fettes Park is worth investing in your eyes, why is that so? Can you give comments such as pros v.s cons, reasonable price range, expected return etc. You claimed that foreigners are not in favour of The Brezza, why is that so, by gut feel? Of course anybody who has a deeper pocket would go for e&o or any of the super condo, but budget must come into play. Go check out gurney park, marina bay or tanjung park, there are still many foreigners staying there despite rental is only 2k to 2.5k range.
September 6, 2010 at 4:51 PMtedd: well,for those who does not bother about the age of the condo . Then you can go for Marina bay and Tanjung Park . At least it is still worth buying than BREEZA , you can immediately have the rental return. But the fair value for Marina 1,2000 sq feet should not exceeding RM420k and Tanjung park 1000 sq ft should not above RM430k.But Gurney park is over priced now. Fettes park will benefit from the E & O master plan. Unfortunately UDA might be taking a long time to resolve the village matter . more and more temporary home will be build beside the BREEZA. If you can hold BREEZA for at least 5 years , maybe you can see some return but it's all depend on how UDA settle the land status and village matter. It is not a simple issue. It involve too much $$$ which no developer is willing do.

for your info Condomana , i am a prudent investor and i dont invest in something blindly. i have to check with the land office and the developer to ensure my investment is secured. I am not a bias person . I am pointing out the facts . As you can see , too many speculators hanging around in these project . It is not a good sign. my friend. Sometimes you could be trapped by the bull.I am a fair person. good is good and babd is bad. No point to say something baseless. we should learn a lesson from the pass. The price of property is totally determined by the mechanism of demand and supply, location and quality . You should check on the land conversion status with the office and see what they say to you . I apologise to all the BREEZA buyer / seller , if i have ever offended you in watever way . do not take it personal . my friend.
September 6, 2010 at 5:13 PMcondomana: Dear tedd,

I will give you the benefit of doubt, and wait until this year-end when the developer hand over keys and owners panic sell.

Hopefully I can get my hands on some nice seaview units for not more than RM500k per unit.

But if the price keeps going up, you can count on me to change your name from "tedd the prudent investor" to "tedd the clueless investor".
September 6, 2010 at 7:21 PMjeremy tan: Dear tedd:
I do respect your point of views. We are discussing it in a constructive way. I am a savvy investor as well.

From the sound of all the comments posted so far, everyone sounds like a savvy investor to me as well. Hence, this reinforce the fact that we Asians are very thrifty and we do look for the best deal before we commit ourselves.
A bubble will only burst if there are more foreclosures than demand itself can cater.

The banks are doing a good job at giving out loans to people who can afford it.

This project as i have said before was being launched 6 months before the bubble burst worldwide. The prices of property didn't go down but hold instead. Why should it burst now when the economy is recovering?
Why didn't it burst back in 2008 with America, Dubai and Europe?

It is simple, people from that world spent more than they could afford. We as Asians save more than we spend. Make sense?

We are quite traditional and conservative. When we buy something usually it is for our stay. Even if it isn't, we can very well afford it before we commit ourselves into it. I bought one and my family bought and it is not a burden at all for us because we have done our calculations before we commit to this project.

In fact, i paid 40% by cash and my loan amount is 60%. That was 2 years ago. At the moment i have paid up to 80% of the property. Hence i owe the bank only 20% of the principal amount. Proper planning, you see.

The same thing went for the unit my aunty bought. She can very well afford it.

No doubt the price has sky rocketed since then, any investors would want their properties to increase in value.

Since you mentioned about "opportunity cost" tedd. This is the opportunity cost for those who didn't invest 2 years ago. Hence, the increment is the cost you have to pay for the opportunity you have foregone back then. It is economics.

I am not bias or one sided. I see the bigger picture and analyze it before i justify my investments.

Fettes residences vs The Brezza
Let me provide you a clearer picture.
1) Both are good properties.
2) The reason why people would prefer the brezza is because its more affordable.
3) If i am going to pay RM900,000 for a condo just opposite the road from the brezza. Why not add a little more and buy myself a terrace house at the E&O project or own a landed 3 storey terrace at Simfonia or buy up 2 units of 1450 sft at the Brezza. It is better bang for bucks.
4)Maybe it is not about the money. Then the other reason why people would prefer the brezza is because there are not many medium cost condominiums located around that strategic area.
5)Fettes residences with its pricing are competing with a lot of projects which might offer better deals. Quayside for example. I love the concept, if i had to choose i would choose Quayside since its sea fronting and it has one of a kind water park and its next to the marina. I will forego the 2000sft condo with limited facilities and go for an exclusive 1,371 1+1 resort condo at the sea front. FREEHOLD!
6) Squatters next to the brezza is not going to be there forever. The really run down low cost apartments next to the Fettes residences are going to be there forever. It is located right in front of the traffic lights and junction. Will you get any peace at night? All the dust from the road will just fly into your windows in the morning easily.

I love both projects. I am just explaining why the Brezza is completely sold off and fettes residences are still selling at property fairs. I was one of those first 10 buyers for this project back in 2007. 2008 was the crisis, everything slowed down. 2009 from march-july, the 60% remaining units were sold completely, up to the extend that people had to pull some strings to get it.
September 6, 2010 at 7:22 PMjeremy tan: At the end of the day, it is about your own personal preferences taking account about the budget you have in hand.

Cheers.
September 6, 2010 at 10:33 PMtedd: dear Condomana,
After the developer hand over the key , it will take at least 6 to 12 months to see the effect. some project take 2 years to see the effect. The bank will only start charging the interest from the day the developer got the CF . For example, E & O terrace and semi - D . the price stay idle for almost 1 and half year. Luckily , majority of the buyers are cash rich and their intention of buying is for long term . It is very common for the speculators to wait and see the market response . After few months the market response if no actual transaction done at high price and there will be panic selling if they can not tahan with interest.You should look at the Birch Plaza as good example. When the project launched , everyone is chasing after the units like crazy . Now you can easily get the unit below the cost .Life is always like that . People tend to wait until the last minutes . Even the share market also the same. the punters will always end up selling at the lowest price level. The price will hold if the actual buyer can hold the unit without any time frame . When the demand is more than the supply the price will move up due to limited units available.
September 7, 2010 at 12:47 AMcondomana: Dear tedd,

Aiyo, you really got me excited for a while when you said there will be panic selling during handover of keys in your previous comment. But now you are saying it could only happen 2 years after the keys?? Hallo *knock* *knock*

In 2 years, the market (stock+property)boiling already lah, somemore what if Breeza converted to freehold, and then squatter issue settled, Tesco & marina up & running sommo!! Too risky to wait so long lah.

Birch Plaza?? Please lah my friend! Who would want to stay in Dato Kramat and pay commercial electricity rates! Only idiots would get conned by the unscrupulous Ivory, with the photo of a monorail running in front that Bitch Plaza. It is demeaning to even mention the word Ivory.

Anyway, looks like I have to go back to my house hunting again. Remember, I am a genuine buyer (not agent), willing to pay RM500K and below for 1250sqft units with nice seaview, and RM540k and below for 1450sqft with nice seaview. My email : condomana@yahoo.com
September 7, 2010 at 1:11 AMtedd: Dear Condomana,
As i said it will take 6 months to 12 months to see the effect once hand over the key. I never said some project take up 2 years to happen. birch Plaza is the one. You should check on some projects in Penang . You will get the idea how its goes. The speculators just love to stay on until the last minutes . those who can not tahan has to force sell. You can see this at Baystar project . Too much selling pressure and the price begin to fall. UDA had been talking about the conversion long time ago since year 2008 . So far nothing is done except talking. Whoever walk into the sales office, they will give those sweet promise. Friend , land conversion is not that difficult . It's all depend on the developer. If i were you i wont look at these project unless you just buy for your own stay. If you have the budget why not going for some other project nearby. Have you ever visit the BREEZA entrance ? I believe it will be a little difficult to make a turn if you are driving MPV . Friend , do not take it personal .We are here to exchange point of views.
September 7, 2010 at 9:31 AMcondomana: Dear tedd,

Aiyo, nothing personal lah. I am only saying waiting for another 2 years to buy (any asset at all) would be very risky, as I expect things to trend up. Of course, that doesn't mean I would buy something that is priced 2-3 years ahead of it's value. Buying at current market value is ok.

So let's talk about current market value. We have gone through all your highlights about Breeza (some facts, and some your own speculations).

Regardless, assuming you were to price Breeza, how much would you price a unit with nice seaview in terms of RM /sqft?
September 7, 2010 at 11:27 AMlightning: hi condomana and tedd :

i started to love both of you as a "aggressive" buyer...my unit 16 floor not sold yet....please send me email to strikebylightning@gmail.com. i give you good discount ok ? But both of you must bid...condomana base line bid is RM500K for 1250sqft...how is yours tedd ?
September 7, 2010 at 11:55 AMtedd: max is not more than RM 300 per sq feet . taking the account of the risk factors such as conversion of land status , poor surrounding( temporary homes ) , uncertainty for the next few years and poor rental return.
September 7, 2010 at 12:14 PMlightning: hi tedd:
then you are "less realistic buyer" compare to condomana.

Hi condomana:

now you have just been defeated as the best predator buyer of the year" Tedd has just claimed the champion.

let's put our hand together and welcome Tedd the best predator buyer of the year.
September 7, 2010 at 5:17 PMtedd: Hi Lightning
I am a realistic buyer . Whichever property worth the value i will just purchase. If you compare apple to apple . The Breeza is not the value buy. Let's look back year 2008 , those who had purchased marina bay 1,200sg ft at the price of RM340k instead of buying BREEZA already received the rental of more than RM70,000. Now the market value is about RM 420 to 450K . Which means that return is more than RM 170K within 2 and half years. What about the BREEZA ? whatever you seen now is only paper gain and no transaction really done at that price which advertise on the web or newspaper. Now the speculators are offering the breeza around RM435 to RM 450 per sq ft which i dont see any potential to invest . 1)the land conversion matter is not settled 2) Temporary homes- take years to settled 3)Poor rental return- Who is going to pay for RM 3K to RM 4 rental for these kind of environment.4) No one know what is going to happen for the next few year. As investor , we have no way to test the water. whatever decision we make will cost us either profit or loss. Time cost money. If you have ever lived in Kuala Lumpur , then you will understand. In KL , the developers will try to avoid low cost housing project in their high end residential area by giving free land to the government to build school or playground for the public.No one is going to buy expensive house or condo near the low cost flats or temporary homes.

FETTES RESIDENCE is only sold at RM420 per sq ft . FETTES RESIDENCE is higher class than the BREEZA . And the price is much cheaper. If your budget is below RM500 to 600K .the property to watch is Marina Bay , Tanjung park and Gurney Park. At least you can start enjoying the return rather than waiting for years for temporary home to be moved out.What will happen if the developer fail to settle the village matter.There are too many external factors which you and i cant predict or forcast .If you buy the the BREEZA for your own stay then i have no comment on that .
September 7, 2010 at 6:33 PMlightning: hi tedd and condomona:

one property negotiator told me he has just closed a deal 1250 sgft Block A high floor. ---selling price RM560K.

ooppps....tedd, RM300K per square feet still hold ? At least condomana offered of RM500K still make sense but still far away...

i am sure both of you can purchase the unit u like.....but condomana have wake up from his dream...not Tedd.
September 7, 2010 at 10:14 PMAzman: I am owner of one unit of The Brezza. I would like to know how much is the current market value for a unit of 1250 sqf at 18th Floor facing tg bungah. I'm considering to sell it if the current price is acceptable. Thanks
September 8, 2010 at 12:03 AMtedd: Dear Lightning ,
which unit number ? I can check and verify the deal with my people . You information is very inportant to everyone here .Dont be fooled by the housing agent . They always tell you those jokes. Their main concern is you will buy from the BREEZA from him and he get the commision . I am in the property market for 20 years . I know their practice very well . There are more than 250 registered property agent in Penang . They are fighting each other for survival . Some even never close the deal but still claim he / she is the one who close the deal. I did test some agents before . He /she does not know that i m the actual buyer of the unit . I can not reveal the name of the agents here. They just want to show off . But in reality , i bought the property directly from the owner. As i said the housing agent in Penang is very unprofessional . Some even play around with the price just to foll the buyer . Do you ever experience before ? You had paid for the deposit and the agent holded the cheque and sold the property to others. One of my friends did file a case against one of the reputable egent in Penang before .They end up settle out of court.
September 8, 2010 at 1:59 AMtedd: Dear Lightning,
If you can sell RM300K per sq feet then you must be gaining few hundred million of ringgit . 1250 sq ft X RM 300,000 = RM 375,000,000
Bros, i would be very interested to know who the agent is . which unit number which sold at RM 560K . At least i can verify with my people to confirm the transaction . I believe everyone here would like to know. Dont be fooled by the agent, their main intention is to convince you to buy and they will get their commision . I did test some agents before, even though the unit is not sold by them . They also said the transaction has done at RM XXX price through him . they did not know that i bought the unit directly from the buyer because of urgent sales. I just feel that the agent in Penang are very unprofessional . Some even fool around with their clients. They just collect the cheque as deposit but end up fail the secure the deal. One of my friend , had filed a case against one of the reputable agent in Penang but they end up settle the case out of court.Some agents just get the offer from newspaper and then offering to their cleints without checking the validity of the sale. There are more than 250 registered housing agents in Penang , they are fighting each other for survival .Sometimes , 20 to 30 agents selling the same house.Before you buy the property , the agent will try many way to convince you. They will tell you you can easily rent out the property ... bla ... bla...they will tell you they just sold 1 unit last week at RM XXX price . The price offered is reasonable ....With the rent you can cover the bank installment. I got friend kena this kind of offer. Luckily , he manage to contact the actual owner and manage to close the at very good price . RM 1.75 million for a semi - D which offered by the agent as RM 2 million. Now the agent still tell people that he the one who close the deal at RM2 million XXX property. If you are in the property market , you can check with some agent about a house at Nagore road , house no XXX . Many agents will tell you , he or she manage to sell the no XXX at RM 750K . In reality , no transaction is actually done because the owner just want vacant the property by making used of the agents. The actual market price is not more than RM 650K.Until today someone from LXXX HXXX housing.. still claiming he is the one who manage the sale at RM 750K. The buyer is a lady .....with christian name. Wat jokes from the agent.
September 8, 2010 at 2:03 AMtedd: hi everyone , any agent manage to sell the Simfonia ? i would be very interested to know . Do inform us the unit no / lot no . Well it will be great to reveal the info to those investors of BREEZA. It could be a good market direction for all the BREEZA owner.
September 8, 2010 at 2:13 AMtedd: Dear Lightning ,

Which unit no is sold at RM 560k ? Which agent ? I will get my people to check and confirm.
September 8, 2010 at 9:51 AMlightning: hi tedd:

20 floor, 1250sqft - block A. u cant check yet as the S&P purchase is just signed only, developer havent given consent yet before OC and no record at land office as strata not out yet.
September 8, 2010 at 11:03 AMcondomana: OK, where should I start first.

Dear tedd,
RM 300/sqft? As much as I would like that to happen, I think you are a little bit out of sync with reality. Even that Summer "Dumpsite" Place also selling for RM 300/sqft 2 years ago. Considering land+material cost, that's probably the bare minimum any developer can sell nowadays. You should be able to comprehend that with a liitle bit of economic sense. Geez, I wonder how you run your business in Japan, Korea, Dubai & London. (Oops, sorry, I couldnt help it!)

Dear Man,
Can I have your email address. I would like to find out what price is acceptable to you.

Dear lightning,
As far as I have seen in this blog, you are a man/lady without integrity.
September 8, 2010 at 11:35 AMtedd: The BREEZA is a DUMPSITE like what you have describe . It is exactly like what you said. No class and no standard which foreign investor will never consider. Those who really know the property market will never consider that location. It is like a village .Not organise. Good is good and bad is bad which no one can deny the fact. Do you like me to take some pic of the surrounding and post here ? If the developer still not giving the consent , which mean the transaction still pending . Pls read the S & P carefully. There are cases , the agent just tell you they manage to sell this and that at RM XXx price . but in reality the transaction does not go through becasue i am the actual owner of the unit . There are 250 registered agent in Penang . do you think it is so easy to cari makan. 20 agents selling the same house. Pls check and verify
September 8, 2010 at 11:43 AMtedd: do you like me to create a website for the public to vote ? Public opinion will be better . Or do you like me to get the property magazine to comment on the BREEZA ? Maybe it will help to promote the property in the magazine.
September 8, 2010 at 12:04 PMtedd: I can get the press to comment on the site if you want . They will get money from article. It will be helpful to promote the site and who know the price will hit RM 650per sq ft. And i can arrange for some Japanese and Korea who live in Penang island to interviewed by the press and voice their comment on The BREEZA High class condominium in Tanjung Tokong. I am trying to help to promote the BREEZA.
September 8, 2010 at 12:06 PMcondomana: Dear tedd,

Hehehe....:))..I am really amazed by your passion & rage for Breeza. I wonder what happened between you & Breeza.

You said you don't like it, curse it, call it village, dumpsite, slump, insult it with a RM300 /sqft pricetag, but yet you just won't leave it alone. Yet you seem to drive around Breeza everyday, taking photos of it sommo.

My dear friend, may I recommend you professional help?
September 8, 2010 at 12:36 PMtedd: Dear Condomana,

You are not happy with the way i comment on the BREEZA is becasue you own the property there . Are you the owner ? or you dont even own a unit . I am just telling the facts . This is the site for sharing information. Is that wrong ? I never insult . You are the one who insult the " summer " DUMPSITE . You have to be fair . For your information . I have 2 units there . I bought when the project launched. So even i sell at low price i still make some $$$ because i have no commitment on loan . It is not for investment , i need it for my staffs to stay. anyway, it has taken too long to complete the project simply because lack of $$$ and the response when first launched is very very poor. End up i bought 1 unit at Marina Bay and 1 at Tanjung Park. I did purchase 1 terrace and 1 semi -D at E & O and recently just bought 2 units at Fettes Residence. Further more , it is a bad decision to buy the BREEZA . The return which you can see is not cleared. It is only the projection and part of imagination. The ridiculous price created by the so called " agent " is only to attract the investors. The BREEZA is not like E & O and Fettes Residence which give you the good impression as " Expensive residential " feeling. I am a fair person .The Developer had been telling the buyers the land will be converted to free hold since year 2008 . E & O already convert to FREEHOLD in the year of 2008 without any funny excuses. You should ask yourself why ? since you are so expect in the BREEZA . why dont you answer my question ?
September 8, 2010 at 3:53 PMtedd: hello BROS , I do have 2 units of the BREEZA,i bought it when first lauched . So far no progress of land conversion matter and the temporary homes become more and more . whenever you ask the sales office they will tell you the same things . How come no action ? Actually, i still can make some profit if i sell at lower price because that time the price is low and no loan commitment .at that moment ,the market response is so poor. As a result the construction work can not proceed as schedule due to lack of $$$$. Anyway i bought 2 units for my own use. I have some managers from KL and Singapore need a place to stay. Unfortunately ,it take too long to complete the construction . So i just bought 1 unit of Marina Bay and 1 unit of Tanjung Park .The rental in gurney/Tanjung Tokong area is so expensive and the FD rate is low.So buying is better than rent. Frankily speaking i have seen the return of the rental and appreciation in price . For BREEZA , it is only paper gain and what i can describe it as Imaginative gain. I feel pissed off . Luckily that time i did purchase 1 unit of E&O terrace and 1 Unit of semi-D but of course i ignored the Simfonia.As investor , we have to take " OPPORTUNITY COST " into consideration. It;s either you use the fund to invest in A and you have to forgo B . I did bring my KOREAN and JAPANESE friends who had joined the Malaysian Second home Programme to view the BREEZA. None of them interested due to poor surrounding. They are currently staying in GURNEY PARK, MARINA BAY and TANJUNG PARK. One of them is staying at E & O Terrace . why not SIMFORNIA ? CONDOMANA , since you are so expert in the BREEZA . i really hope to hear your expert comment on SIMFORNIA and THE BREEZA . How come FETTES RESIDENCE can complete its project in very short time ?
September 8, 2010 at 4:36 PMcondomana: Hello tedd,

Hi, it's me again. *wave*. Before I give my "expert" comment, may I ask if you are willing to let go of your Breeza? Since they are causing you so much anger.

Are they in Block A or B, low or high floor? If they are in Block A & medium to high floor, I am willing to buy them from you at RM 330/sqft (10% more than your own valuation). Email me for further nego.

Oh, how come fettes residence can complete its project in very short time? My guess is their workers can climb faster, paint faster, and work longer hours in a month. What do you think?
September 8, 2010 at 7:00 PMtedd: Well, i have no commiment in Loan. and when i got the Key . My company will rent my units fror my staff . Since i have purchased that 2 units at very low price and my rental is guarantee . If you are in position , would you like to sell ? For those intend to buy now , i would suggest you all to check properly before buying. You have to make sure the land really can be converted to FREEHOLD. I bought at RM 300++ per sq ft. when it first launched.
Condomana , Pls be more logic when you talk about the delay in project . From here , i get to know that you are very new to property market. Those developer without sufficient fund will depend on the payment from the purchaser's bank . It is not because they can climb faster or paint faster or work longer hours. It got to do with their CASH flow. Some Developer will charge the land to the bank for capital to start the project . FETTES residence is different , do you know who own Palmex ?? IOI GROUP is the most cash rich company. If you are talking about CASH , E & O , SP setia or MAH SING will never rank above IOI. Well about UDA , what we can classified as " tangki tak ada minyak" . so the project delay is caused by fuel tank got insufficient fuel $$$. As you can see UDA need more fund to finance those temporary home.
September 8, 2010 at 10:46 PMcondomana: Aha.....Fettes Residence....now i understand.

Let's move on to another chapter. I wonder, with the recent government ruling on gated non-strata landed housing estate (example, E&O landed properties), does that mean that the security at E&O cannot stop me if I insist on going into the gated area, since the roads in there are suppose to be public roads, with the electricity for street lights all paid by tax payers.
September 13, 2010 at 5:14 PMtedd: Good to see so many selling offer . So far no transaction done done except offering. Offering for fun and wasting time only . Why not we wait until we get the key then offer ? At least we can get a better price . If you guys keep on offering your BREEZA for sale . It will create an articial excess supply which might cause panic selling when the property market facing a minor technical pull back . The developer is having many units for sale . And they are asking the agent to help them to goreng the price so that they can clear their stock in hand . Remember Ivory,and Surin game .Dont get trapped . Your cooperation will be greatly appreciated.
September 14, 2010 at 9:45 AMcondomana: dear tedd,

Hehehe...it's me. *wave* How was your business trip? Hope everything went well for you.

Dont say I "kiasu" lah. I just want to buy Breeza from you. I thought you were keen to sell, as you keep complaining about Breeza. But it seems that is not the case. But it's ok, I can still wait around for a "decently" priced unit from the other sellers. I just hope the market won't get too hot too soon.

Oh by the way tedd, I took your advice and did some checking out on Fettes Residence. There is one unit ~1000 sqft for sale at RM595k. That works out to be RM 595/sqft!! The unit is too small for me, and the price has already hit my budgetary limit. Is there anything cheaper and bigger there?

Dear Sellers,

Just curious. Instead of asking for such high price for the Breeza and no takers (my guess), why not lower the price and sell fast? I think there are quite a number of buyers looking for a unit, but only wishing to pay decent price.
September 14, 2010 at 10:33 AMtedd: As i told you , i bought The BREEZA at very price when its first lauched . What is the point now chasing after the price price unless you really need the unit for your own stay.If it is for investment you should look for new project . At least you can have some margin of profit. For your information , FETTES RESIDENCE 1,000sq ft come with extra 600sq ft of commom area . which work out to be 1,600sq ft . so the average price is only RM371.88. My point of view the 1000sq ft + 600sq ft is not suitable for Malaysia . Actually , Palmex purposely build the small units for Japanese market segment . But end up all taken by Malaysian.
September 14, 2010 at 10:42 AMtedd: Condomana, Why not you look for property Talk who can assist you . Since he is good in speculation and make his own good assumption. He can use his power to predict . He can even know your financial position without knowing who you are . See i really impressed by these kind of power.
September 14, 2010 at 11:14 AMcondomana: Dear tedd,

1000 sqft+600 sqft=1600 sqft? That's not bad. Since you are familiar with FR, some questions for you :-

(1) Can I convert that 600 sqft into a kitchen + maid's room?
(2) For RM 595k, do you think I can get a unit above 15 floor with seaview? I think only the high floors are livable as that junction where FR is located "looks" very noisy.
September 14, 2010 at 11:43 AMtedd: Condomana,I am not as good as Property Talk and Jeremy Tan . You can only covert after getting the strata . Well , they bought at the price of usd $430K- 460K . You can check with some agents. But from the info i get , most of the sellers are testing the market response only . It is because if they sell now they have to compensate the developer for the bank interest paid by the developer and ... bank penalty for early settlement. Actually, the location is not that noisy and it could be the design and thick concrete used by the developer which. You should go to the site to check.Seeing is believing. Dont get me wrong i am not trying to promote FETTES RESIDENCE.
September 14, 2010 at 11:57 AMtedd: sorry it's RM 430K - RM460K...
September 15, 2010 at 12:28 PMProperty talk: Teddy,
I agree with you that Penang has created many millionaires and multi millionaires due to the escalating of property prices in the last 5 years and you may be one of them. You don't need much money. Let me give you an example. If you have RM300k in cash 5 years ago and you bought 10 units of reasonably good condominium, at RM30k down payment for each unit at RM300k, you would have leased property worth RM3M at that point of time from a bank. Since prices have escalated between 50% to 100% and if we take an average of 75%, you would have make a profit of RM2.25M but selling of all them today.

For the 1000sq/ft at Fettes Residence, becareful. Anything that is stated in the S&P agreement is an official agreement of what you are getting. If any conversion and changes that you want to make after strata title may not be easy as a lot of owners will not be in agreement for you to take or temporary use the common area.

Back to Breeza topic. I went to see the area last week and to me, not too good not too bad. The are a lot of advantages but the only downside is lease hold (should be quite permanent unless our government come out with something in the near future but it will not be easy to convert as The Spring by such a big company call IJM is not able to convert the land from lease hold to freehold) and the squatters staying that area (should be temporary but may be quite long term).
September 15, 2010 at 1:05 PMcondomana: Dear Property talk,

I would like to hear from you what you think are the good things about this project. Want to share?

If you want to share your own valuation for this project (RM/sqft) also can.

Thanks!
September 15, 2010 at 1:42 PMtedd: Property talk , All the while i never invest with 10% down payment because i am not a speculator . I will only invest on min 40% to 50% of downpayment basis just in case something goes wrong .I am still able to pay off the loan without force selling.I just want to play safe . So far i am still holding all the property which i bought because i am enjoying good rental return . Now the FD rate is so low and buying share in the stock market seem to be very risky. so no hurry in selling . About the 1,000 sq ft FETTES RESIDENCE, i totally agree with you . it got to do with gambling and speculation. If i were you i wont pay for RM595K for 1,000 sq ft of FETTES RESIDENCE. Fair value should not be above RM 460K . About the Spring and BREEZA land conversion to FREEHOLD. It is not easy . But the developer will always give you empty promises in order to clear their unsold unit in hand . For your information , the developer always keep 40% of each project in order to curb excess supply. Further more, they will appoint some agents to play with the price in order to make the sub sale price higher than the price offered by the developer. Be cautious when you buy the property through sub-sale.
September 15, 2010 at 3:05 PMProperty talk: Condomana,
*Wave*. Location is good just the surrounding. Building design is great but I can't comment on the finishing and quality of work until I see and inspect a unit and all the common area. These are some of the good things I see about the project. For me to invest in a project or even for own stay, I will consider 8 things. Location, title, developer, a fair price during launching, number of car park, facilities, finishing and details of the S&P agreement.

I am not a valuer but because of the 8 important points that I have listed above, I believe the fair value per square feet will be as below. Refer to the 8 important points again of why I don't see that it will be more than RM400 per square feet.

1. No sea view - RM320-RM330
2. Partial sea view - RM350-RM360
3. Full blown sea view - RM380-RM390

Take note that this is just my point of view and the willingness to pay if I am interested in this project.

What do you think a fair value would be?
September 15, 2010 at 4:41 PMtedd: Property Talk , what will be the fair value for the BREEZA ?
September 15, 2010 at 10:52 PMProperty talk: Tedd,
You are not following my comments. I have already listed very clearly on my personal valuation on The Breeza. I need to stress again that I am not a valuer but a personal opinion after taking the important 8 points into consideration. Refer back to my comments at 3:05pm on 15-Sep-2010.
September 17, 2010 at 9:33 AMtedd: Got bad news for everyone, the land conversion from LEASEHOLD to FREEHOLD will not come into reality for these project . Just check with someone XXXX . It is part of their selling strategy by telling it will soon to be coverted . dont get trapped. Dont get me wrong, i just inform everyone here not to be fooled by them . No bad intention . You should check the history of these company ....then you will understand .
September 17, 2010 at 9:49 AMAl: Hi Tedd. Looks to me that with this "news" (which is not new), the property is just leasehold, so the prices asked are now ABOVE market for a leasehold property.
September 17, 2010 at 9:56 AMtedd: The price is the same as the FREEHOLD property around the area . Please advise .
September 17, 2010 at 10:03 AMcondomana: Dear tedd,

I think it is wise for you to sell now before the price "crash". You can use the money instead to buy better properties. Are you willing to consider my offer now..;)..I am a very sincere buyer. Please consider.
September 17, 2010 at 10:06 AMtedd: I will only sell after getting the key . Since i bought it below RM300 per sq ft . I still have time to wait . No finacing involved. I would advise you not to buy those high price offered. The price is very high for the leasehold property there .
September 17, 2010 at 10:48 AMProperty talk: Tedd,
You are a very funny man. You have a few units of The Breeza but you do not want the price to be speculated for it to appreciate. The people who is reading this would like to know why and tell me what is a fair price to buy now and after OC.
September 17, 2010 at 11:15 AMtedd: Property Talk,

IT is hard to determine the market response now simply becasue there are too many artificial demand created by the developer . The developer still got many unsold units . To me i wont pay for the price offered by those agent . They are being hired by ...someone to make the market hot only.
I would not like to indicate the fair market price here since many of you are too sensitive about it . Everyone just like me to give those high price to make you all feel happy. If i give lower than what you have expected you might thinking that i trying to promote some other property such as FETTES RESIDENCE.Usually , you can ony see the actual market price after OC simply becasue the bank will start charging interest. Those who can not hold will start selling. If the real market response is not as good as we expect , the price will start to drop .
September 17, 2010 at 1:17 PMAl: Here is my assessment for Breeza. I think for the above average income earner, the "condo" is not that attractive. Firstly it is quite # of units, and from my observation I think the pool is small for the number. As for the rest, a lot of comments already mentioned about the surronding and possible future projects coming u that will block sea view, etc.
I am also trying to understand why the value of a leasehold property is the same as freehold...this to me doesn't make sense.
To me for an investment point of view, this is the newer "condo" in terms of design. If I'm interested to acquire my a unit here I'll definately wait until everything is done with and actually see the true value at that point in time.
Honestly if I have to pay RM600K for this unit, I can acquire a DSSD house also over this side. Although I may not have use of the pool, I can easily park up to 3 cars in my porch, can join club membership and not be burden with monthly maintenance. The problem here is Penang is with highly density "condos" there is always issues with collection of maintenance. Also for the record how often do condos in Penang get a new paint job? In Singapore it is always done up especially since the laws there are to protect the owners...over here the laws are to protect the developers and associates. A establish developer may not neceesary be always good, a number of Penang people will be aware of the reputations of some of this developers. Anyway this is just my point of view...nothing personal!!
September 17, 2010 at 3:26 PMProperty talk: Here is my observation about leasehold vs. freehold. Penang people are very skeptical about buying leasehold property. This may change in the next 5-10 years. Who knows. Check out the trend for leasehold vs. freehold property in the last 5 years. As an overall depending on which project in Penang island, I can see that leasehold did increase by 10%-30% and freehold by 25%-120%.

The 8 points are very important in buying a property and the top 3 are location, title and developer.
September 17, 2010 at 3:37 PMtedd: Property Talk and Al , i agree with you both . even i am one of the owner of BREEZA. I also feel that way. those who botuh the BREEZA when first launched. just hold it until you get the key. the market will determine the real value of THE BREEZA. For your information Lightning , this blog or forum is for discussion and sharing information . If you wish to talk something irrelevant , pls kindly go to some other places . We make friends here not enermy . There are many millionaires in Penang island. Now RM 1 to 2 million is nothing for people living in city. Please be more reasonable and rational when making comment here.
September 17, 2010 at 3:48 PMtedd: Property Talk and AL, i agree with you both . Why not wait for the developer to hand over the key and then let the market decide the price. So dont chase after those price . For your information Lightning , there are many of Millionaires in Penang . RM 1 to 2 million is nothing now . 1 Luxury car and 1 super condo is not even enough . If you wish to say something offensive , pls kindly go somewhere else . We are here to exchange opinions not for making those childish comments. We make friends here not enermy. Even i am one of the BREEZA owners . I never try to convincce anyone to buy any property . Are you the agent from the developer ? If not why are you so worry about our comment .You seem to be very sensitive about comments.
September 17, 2010 at 6:08 PMjeremy tan: There is no need to discuss further regarding the brezza.

Let the market decide.

If you are smart, you would know how the market and banks work.

Before you are given a loan to purchase a house, you have to be assessed to see whether you can afford it or not.

Not to mention, this project was launched during the pre-crisis level.

Hence, a sufficient wash out period has been taken into consideration for those who can't hold this property.

I am still in contact with 4 of the buyers that i met that day during the launch. Each of them owns 2 units.

As of today, it is not even a burden for them to service the loans for their units.

Not to mention, most of them including myself have already paid up 80% of the amount. So our leverage with the banks are pretty low.

Anyone who buys this project back in 2007. Can very well afford to finance it.

The only reason why they would want to sell it is to make money out from it.

Take opportunity cost into account and you will understand the economics of price level and ceiling

Cheers.
September 17, 2010 at 6:39 PMcondomana: Oh tedd,

One thing you are right. Lots a millionaires these days, walk around Tanjung Tokong and throw a stone at someone, high chance he/she is a millionaire.
September 18, 2010 at 12:51 AMProperty talk: Condomana,
Thanks for your compliments and you sounds like you are becoming part of the wacky family. We are here to exchange views and see how we can make Penang to be a high income earner by speculating the property price. Let me give you a prediction that AI is telling the truth but the DSSD in his context is totally not the same as what you have in mind.

Take note that I am just a very old 98 years old granny who has been following, buying, speculating Penang land and property for the last 80 years and for my future investment. My next investment and the place that I am going to stay will be into light collection 2, 3 and 4 where I can park my sampan there and will invite all the wacky people along for a cruise.

P/S: Condomana, you forgot about gong at gongkia80@gmail.com. Not sure whether he is in the right world.
September 18, 2010 at 8:43 AMjeremy tan: Let me do the maths.

98 years old granny.

Invested 80 years ago? You started investing at the age of 18?

We haven't even achieve independence yet.

Your next investment would be into the light collection 2,3 and 4 where you can park your sampan? It won't be ready for at least another 5 years. Maybe you can park your coffin there? haha

Seriously, you guys are just getting really weird....

I find it entertaining l0lz

cheers.
September 18, 2010 at 11:15 AMProperty talk: Jeremy,
You are a pretty smart guy. You know your math very well. You are even smarter to know that when I mentioned sampan, it means my coffin. I do not want an enclosed type so I choose a sampan and light collection 4. When I pass away, I will be placed in the sampan and will sail out from light collection 4. Take note that I will be buying a cruise ship and 5 jet skis as well for all my wacky friends to enjoy.

Anyway, when your home (The Breeza) is ready, remember to invite old grandma for housewarming. I will get you a bottle of 1972 Merlot wine and I expect Tedd to do the same when Fettes Residence is ready. Condomana is still in his fantasy world of AI’s lubang. Lightning got to learn to control his/her thundering a little.

Gong, welcome to the world!
September 18, 2010 at 5:57 PMlightning: hi tedd and condomana:
both of you are my best blog buddies where i can
criticize. In western country, they treat critism very well and can become friend. I dont know about Asian....dont take it personally as it is just for fun you see...

may be we will learn smarter after some sparring session...

Tedd, i seriously think that u are not the Brezza owner...prove me wrong. If you own so much property, i dont think you want to spend time here talking and talking...most of my rich millionaire friend dont do that....they treat time as money....so i dont see the millionaire traits and behaviour in you. Sorry to say that.

so, please dont talk like millionaire. We are all middle class only you see arguing about the < RM600,000 property.
September 19, 2010 at 12:24 AMtedd: Condomana, Those who bought the BREEZA when first lauched got no reason to sell now since we bought the ubnits at very low price like Jeremy Tan said . Since we have waited for 3 years , it is not wrong to wait for the OC then only decide whether to sell or not to sell . As i told you before , my company will rent the units from me for my managers. The return is already guarantee
unless the project is being abndoned. It does not mean that the price will go up when the OC obtained. IT 's depend on the market forces. I really hope that you can act like an adult.
Lightning,it seem that you are a fortune teller which can even know who is the actual owner of the BREEZA. HAving RM 1 million of assets also can be classified as millionaire. Those who had borrowed RM 1million from the bank also can be called millionaire. Maybe most of your friends are those articial millionaires who need to work so hard to pay off the loan . People are working hard to generate income for me . I only work smart but not work hard . Friend, now is year 2010 . even you stay at home you still can generate income. Real millionaire will ,just shake leg and relax. Think twice before you make such comment. You are real far behind from the real world.
September 19, 2010 at 5:38 PMcondomana: Dear tedd,

What if the price crash after OC? In which case you would have made more money if you had sold your units now. With the money, you can go buy units from other better projects, and I am sure your company would rent it from you too. *tsk*tsk*tsk*. Simple logic also cannot understand ah? *sigh*.

Dear Al,

I still have yet to receive any news from you, would it be fair for me to assume now that you are all smoke no fire?..;)

Dear Property talk,

DSSD house got different context sommo meh? Oh, you mean it's situated next to a public rubbish dumpsite? Or is it just right opposite the graveyard? Or is it a strata titled DSSD?

Dear jeremy tan,

The reason I am participating in the discussion is :-
(a) To find out more info about Breeza, and hopefully find a nice unit at a nice price.
(b) To kill spare time
(c) To get the satisfaction of provoking the illogical by using logic.
(d) To expose the deceiving

Dear SHERENECHIN,

Wah, RM600k for a 1250sqft unit. That's a record breaker! Does it come with gold-plated sanitary ware?
September 19, 2010 at 8:54 PMtedd: Condomana,As i told you i am not a speculator . I bought the units for my own staffs used and i bought the units below RM 300 per sq feet when first lauched . For those bought below RM 300 per sq ft is in the hurry to sell . We are getting 0% interest for bank load until developer hand over the key. It is not wrong to sell after getting the OC. We still have the time to wait and see the actual market situation.I think you are the one who dont understand the situation.
September 19, 2010 at 11:06 PMcondomana: Dear tedd,

Hehehe...I understand the "situation", so do all the blog readers here...;).I started to understand from day one, but I just want to play with you mah...Hahaha..:D
September 20, 2010 at 10:51 AMAl: Condomana,

Sg Emas (opp Rasa Sayang). Currently there is one DSSD fully renovated and very decend. The owner opening price is RM620K..should be easily to manage RM600K. FYI I am also residing here.
Sorry for not responding to you sooner as I was travelling.
September 20, 2010 at 3:41 PMAl: From a forum of interested parties finding out about Breeza, looks like this has now become totally out of context.
Tedd, I salute you for the properties you've listed which you own. Ultimately, the true value of the properties is the CASH sale you get back after deducting all relevant cost (legal fees, bank charges and other fees). So for those with HOLDING power (and belief that properties will still appreciate at incredible levels), you can hold out for that deal. Anyway with the possibility of GST being introduced in 2011, how would you see this affecting the market?
September 20, 2010 at 3:50 PMtedd: Al, those has the holding power will be the winner . That is the reason , i always advise people not to chase after those crazy price . GST will slow down the property transaction and after sometimes people will tend to forget about the issue. If you are holding the BREEZA , just wait for the OC and let the market determine the price. If you wish to buy now , i would suggest you to wait and see .
September 20, 2010 at 4:00 PMAl: Tedd, I do not own BREEZA. I was interest a few months back but I see the prices does not make sense. I will wait and see what develops.
I was interested to pick Water Front, but again the prices now is base on Speculators.
Will wait for the Budget to see if GST is finally introduced, then of course there will be some time for adjustment period. Ultimately I agree with your statement...HOLDING POWER will win.
September 20, 2010 at 4:20 PMtedd: Al, yes.. exactly. I always advise all the people here not chase after those crazy prices . But there are some irresponsible jokers here try to make it an issue . Please read all my posting and you will understand .
September 21, 2010 at 12:51 PMAl: Condomana,

Actually from my house in Batu Feringgi to Tanjung Bungah is probably less than 15 minutes. From my home to office in Bayan Lepas is less than a hour. However most of the time I'm in Singapore.
I will not comment on schooling, tution, music, swimming, etc as I do not think I should expose a lot of unnecessary information. More potential problems may occur.
September 21, 2010 at 4:57 PMtedd: Al , you are right , It take only less than 1 hour to reach bayan lepas . If you depart at 7:15am you will reach there around 7:45am. I do stay there sometimes. It will be a little jammed .... when raining. Anyway , it is a good idea to have a holiday home... there . The air there is good. Further more the price of the condo and landed property are not very expensive . It is just the matter of distance .
September 22, 2010 at 7:31 AMjeremy tan: Hi lightning,
consider it done : )

How's the freehold status for this project?
To all Brezza buyers, i do think we should push UDA to enquire about the freehold status.

I have got brochure with me that is written at the bottom:
Leasehold (pending approval for conversion)

They don't print this brochure, only the those who bought it early has it with them

My point is, UDA was marketing it as freehold back in 2007, to me it is a verbal contract of their commitment in ensuring the buyers that they are buying into a freehold project.

If it doesn't happen, i would suggest that we form a committee to enquire further about it.

According to my lawyer, it is a verbal contract. Furthermore i have that brochure with me as evidence.
September 22, 2010 at 11:58 AMlightning: hi jeremy :

dont worry about land coversion. if uda dont want to pay, we pay, only RM5000 per unit X 312 unit ~ ~1.5 millions to state government.

UDA try to see whether can waive or not.. if it is barisan government, then no problems...

so dont worry about that....
September 22, 2010 at 12:01 PMlightning: the penang state government want to hold this
all free hold conversion parcel until UDA settle all the tanjung tokong settlement.
once the matter is settled, Free hold will be granted to all the UDA development.

so, no point for UDA to concentrate on The Brezza only...They want to convert all development profect including simfonia.

dont worry. UDA always keep their promice..they are not the small developer....they are the best developer i had ever seen in Penang island who is not $$$$ hungry
September 23, 2010 at 11:22 AMProperty talk: Jeremy/Lightning,
When are you guys expecting VP for the said property? Since you have reviewed through The Breeza in detail for many months, are you able to advice which type, floor and block will be able to enjoy a complete sea view. Your sharing is very much appreciated.
September 24, 2010 at 12:11 AMProperty talk: Lightning,
Thanks for sharing. My pick will be on Type 2 Block A. Will try to find after OC but I can foresee very limited units will be available and the price will be sky rocket high.
September 24, 2010 at 3:51 PMProperty talk: Lightning,
I have sent an email to you to discuss about your unit.
September 27, 2010 at 3:42 AMUnknown: got few unit for sale from 400k onward

kindly contact if interested
012 4088 430

dear owners, if u wished to let go your unit..
pls leave me a message~ thanks ^^
September 28, 2010 at 11:47 PMAnonymous: haven't u heard of web neutrality. this website is what i suspected all along; bias n alot of self-invested interests going around. quite of few of the commentators r insiders; serving the interest of developers n this pseudo-free speech website, so full of bulls.

you go, tedd. u called their bluff n they called their 'blog administrator removal'. now they believe u r rich, they r running scared. cowards & loosers, eat dust from tedd's royce, you low class jerks.
September 29, 2010 at 12:29 AMtedd: Voice and Condomana,
The point is simple , i am not scare to
loose.... Even i own Platino and the BREEZA.
Good is good and bad is bad . I wont say something good it is because i do invest in the property . But they dont think that way . they are very sensitive when we mention something bad about whichever property they own . We are here for exchanging point of view not for personal attack . They only know how to under estimate others capability . Dont buy now until we get the OC for the BREEZA . Who know.. you can buy at lower price .Platino is facing some sad experiences with the developer. And the price will not sustain if the developer fail to resolve it with the owners.
September 29, 2010 at 1:16 PMWisdom: Tedd,I am exactly agree and support what you said!!
September 30, 2010 at 6:22 PMtedd: Condomana, Your dream will come true soon . Just wait .... and see . You should be able to get at lower price. Once Platino price begin to face technical correction due to quality issues. Many speculators begin to get panic. good luck .
October 1, 2010 at 9:09 AMAnonymous: a shoutout to tedd!! yeehaw!!

ted turner once said one's wealth is not measured by how much one can afford but how much one can afford to lose. those chihuahuas on steroid with little dicks or no dick cannot afford to lose. they are incapable of understanding anyone speaking the truth against self-interests because they are no big dogs; although they like to imagine they are. the music is scratchy right now. they are holding their overleveraged breeza and they are peeing in their pants. when the music stops ....

it is reaffirming to hear every now and then from people whose motivations go beyond money and self-interests; just their plain true opinions, humbleness and humanity. learn this chihuahuas, big dogs don't need to play mind games.

eat dust from my porsche, chihuahuas with no balls. woof!!
October 1, 2010 at 6:03 PMtedd: Brain ,
No one think the same as you do .At least you are fair . But Jeremy Tan , Property Talk and Lightning will think opposite way . They are so scare to loose . Our daily life is either win or loose . Nothing special .As long as you have the money to finance the loan and you buy the property within your capability . Why scare ?
I always advise the buyers here to check carefully the project , compare the value and view the site by themselve , dont chase the crazy price and dont listen to the agents. Is that wrong ?
they dont understand the actual market situation except talking those irrelevant things and personal attacks. There are many agents working for the developers to push the price so that their unsold units will be taken by those innocents buyers. Let's take SURIN as an good example. Until today the develpoer is still facing hard time selling the reserve units but the agents outside are setting those crazy price . Every Developer will keep 45 to 60% for each new project in order to curb excess supply and create artificial shortage . You can also check The VIEW . The developer is actually holding many units. But recently begin to force sell at low price .
October 1, 2010 at 10:14 PMlightning: Hi tedd and brain...

@#$#@!##@%@## ???? $$$$%&&***

Hi property talk /jeremy/condomana:
if you notice, i have spoken some phycho language
to congrats the dual on the above...

they understand the codes...sorry if i dont translate for you...

bye.
October 1, 2010 at 10:18 PMlightning: hi condomana / jeremy tan/property talk :

I think this blog is the oxygen tank for Tedd..without this he cant survive today's society..

let's pray for him....oh god...pls give tedd strength to survive without having to commit sin in this blog by telling nonsense.
October 1, 2010 at 10:43 PMjeremy tan: haha

i agree with you lightning.

He is pure psycho. Looney tunes.

Don't waste your time with psycho. Let's just meet up after we get our keys and have a good laugh over coffee at island plaza.

Cheers
October 2, 2010 at 9:51 AMAnonymous: @#$#@!##@%@##???$$$%&&*** ? well, regardless. whatever that is, at least i believe it was a thoroughly HONEST opinion; unlike the hot air and distortions that were being espoused before. i can appreciate THAT. so no offence taken :)

nothing wrong with you, tedd. we all play to win. win or lose, a gentleman plays it fair and 'spade'. don't sweat it. everybody already knows the developers, bankers and agents are in cahoots with each other, and those chihuahua dynamites are cajoling themselves.

by the way, a chihuahua with no dick has no balls, right???.

it's been fun. i am out of here.
October 2, 2010 at 11:29 AMcondomana: Dear brain,

Your despise for people who speculate on properties is unwarranted. Economic boom and bust is only a natural part of life. Greed & fear is in our genes. There is nothing we can do to change these facts of nature.

Specifically, let's discuss about Breeza's case:-

If the demand for Breeza is not as good as being "calculated" by the the speculators, 2 things might happen.

(1) Price collapse when speculators don't have the financial stamina to hold on to the units : (a) immediate financial lost for speculators
(b) immediate gain for genuine house buyers & long term investors

(2) High price stays as speculators have the financial power to hold, but minimal transaction :
(a) lost of finance cost & other investment opportunities for speculators.
(b) Late coming genuine house buyers with middle income will not be able to afford Breeza.

(3) Price keeps going up as the demand is good (for the reason of location,quality,limited supply,etc) :
(a) Financial gains for speculators
(b) Late coming genuine house buyers with middle income will not be able to afford Breeza. Breeza becomes an exclusive address.

This is a free capitalist market. Those who took the right risk should be rewarded, wrong risk then penalised. If you want to take no risk, you have a choice of putting your money in the banks. If you have no money, well, you still have Weld Quay with seaview!

So brain, the great dane with big sagging balls, have you bought your Breeza?

Dear tedd,
My offer to you of RM 330/sqft for Breeza Block A-medium to high floor is still on the table. Since you hate Breeza so much, please consider.

Dear lightning,
Have you found a buyer for your Breeza Block A-unit 19-6? My advice, better sell it fast. tedd is coming!!
October 4, 2010 at 12:16 PMcondomana: wah,

hoho_soo is trying to break the record huh!
October 6, 2010 at 4:31 PMUnknown: The Brezza (Type 1 : 1250 sq ft) comes with 1 allocated car park.

But there are about 180 units for (Type 1 : 1250 sq ft).

Would car park become an issue to residents ???

There are 30 allocated visitor car parks.
October 6, 2010 at 11:22 PMcondomana: Good highlight Tony.

If you have 2 cars for the 1250 sqft household, 1 car wuold have to be parked by the roadside of the new road right in front the entrance.

Finding a spot by the roadside shoudnt be a problem, but it's troublesome, especially when it rains.

What about the bigger units? Should come with 2 car parks right?
October 7, 2010 at 11:07 PMcondomana: Hi Tony,

Call UDA? You mean all the units are not fully sold yet?
October 8, 2010 at 11:02 AMUnknown: Any enquiry, please call UDA direct for "ACCURATE" information pertaining to THE BREZZA
instead of asking around or checking through 3rd party.

UDA - Tel : (04) 5755-566.
October 8, 2010 at 4:40 PMcondomana: Dear Tony,

I just called UDA this morning. They were not that keen on giving me detail information as they have no more units for sale.

How to get accurate info from them then?
October 10, 2010 at 6:54 PMmaverick: Is Block A facing the sea? thanks
October 10, 2010 at 8:46 PMFaryna: Hi Maverick,

North East
October 14, 2010 at 10:29 AMUnknown: do wait after budget , got many bad news for the speculators.
October 14, 2010 at 11:47 AMcondomana: Dear Breezaman,

Really? Maybe the government is going to make properties a price control item! Something like :-

(1) Condo with seaview - RM250/sqft +/- 5%
(2) Condo without seaview - RM150/sqft +/- 5%

Sellers who are caught transacting outside the limit band will be punished with a minimum 1 year's jail term to a maximum 5 years jail term. No bail is allowed during trial.

Dear speculators, you will know your fate tomorrow after the budget is announced!
October 14, 2010 at 11:51 AMUnknown: The government will only adopt the monetary policy not jail sentence . Property gain tax and increase the bank reserve and tighten the lending .
October 14, 2010 at 5:40 PMAl: Condomana,

You are a funny person. Going to jail? Alamak...very soon everybody will be behind bars..
October 16, 2010 at 3:56 PMcondomana: Hey BREZZAMAN,

I did wait for the budget, but no bad news for the speculators leh!! Looks like the accuracy of your info is totally out!*sigh*

Looks like the government thinks the price increase for high-end properties is healthy (therefore no special tax whatsoever), so just leave it alone.

But the gov thinks there is not enough price increase for lower end properties, therefore the special stamp duty allowance to encourage property speculation amongst the not-so-rich??

Dear Al,

No going to jail. Looks like the gov knows it can't afford to have all these people in jail, otherwise, the economy might appear to be stalling without property price increase!
October 28, 2010 at 11:28 PMjeremy tan: FreeHold NOW? Are you sure Jeff?
November 3, 2010 at 10:35 PMcondomana: Dear Jeff TYT,

I know it's not your fault, unless you are selling these properties on behalf of yourself.

Please remind your customers this is a "leasehold" medium cost condominium. Hello!!! RM443/sqft???? CRAZY!!!
November 4, 2010 at 1:01 PMWill.Iam: last time, codomana was hunting to buy .. so i offered my unit but he came back with a lot of bad comments.
my unit was finally sold,.... way above my initial offer price to condomana and I proof him very wrong :)
November 5, 2010 at 9:31 AMjeremy tan: Just met up with a buyer who is willing to pay RM640,000 for my unit. I am asking for RM680,000. I am not in a hurry to sell but if the price is right i will let it go.
After all, i have already serve up to 80% of my loan. No rush.

If anyone who is interested at RM680,000, do drop me an email at this web site

Cheers.
November 6, 2010 at 9:26 AMlightning: hi condomana :

i sold my unit ( 16 floor) last month...guess what...shit...RM480 per square feet. i cant believe it. S&P signed...to be stamped after OC.

poor thing..i think u might need to wait "longer".strong advice to you.. forget about Brezza.

u can't afford it.
November 8, 2010 at 9:10 PMmax: I sold my unit at RM520/sqft.
November 13, 2010 at 2:02 PMUnknown: bought one unit & visited the site few days ago. I like the building design but not the fencing. The fencing looks cheap & is suitable for aflat rather than for a condominium.
November 14, 2010 at 9:55 PMcondomana: Dear cs,

I agree with you. The developer could have spent less money with a better designed fence. And I think the place is too "bare". They could have put in more plants, something like the newly refurbished lone pine hotel, with lots of well positioned green plants.
November 16, 2010 at 9:48 PMUnknown: First glance at Brezza,I give 5 stars. When look at the entrance, it worths 3 stars. If you go for the fencing, it is only 1 star. When look at the quarters by the side, there is no star. Do I make the right choice for having bought a unit ???

«Oldest ‹Older 401 – 600 of 711 Newer› Newest»

The Brezza

711 comments«Oldest ‹Older 401 – 600 of 711 Newer› Newest»

Recent Comments

Apartments

Houses

Commercial

Mainland Property