The Peak Residences nestled into the valley of Mount Erskine, stands tall and majestic amidst the lush greenery. The Peak @ Mount Erskine, the best of living and convenience under one breathtaking garden roof at 500 feet above sea level.
Located at the foot of Mount Erskine near the thriving Fettes Park, The Peak is well tucked away from the hustle and bustle yet closed enough to all the conveniences, even on foot. With Gurney Bay in the vicinity, the view from The Peak is of the towering skyscrapers along Gurney Drive, forming the skyline of this famed water front.
Property Project : The Peak Residences
Location : Mount Erskine, Tanjung Tokong, Penang
Property Type : Condominium
No. of Blocks : 3
Built-up Area : 1,000 - 3,850 sq.ft.
Developer : Ivory Properties Group
Facilities
Infinity lap pool, wading pool, jacuzzi, gymnasium, sauna, children's playground, sun-bathing deck, BBQ-area, garden, multi-purpose hall, games room.
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674 comments«Oldest ‹Older 201 – 400 of 674 Newer› Newest»
- February 22, 2010 at 11:43 AMmyonedeco
- February 22, 2010 at 11:55 AMtanprop
- February 22, 2010 at 12:11 PMPeak Of the Peak
- February 22, 2010 at 3:50 PMCecilia
- February 22, 2010 at 4:35 PMjeremy tan
- February 22, 2010 at 7:40 PMUnknown
- February 23, 2010 at 1:43 PMPeak Of the Peak
- February 23, 2010 at 2:28 PMWPK
- February 23, 2010 at 2:38 PMv-ion
- February 23, 2010 at 2:42 PMv-ion
- February 23, 2010 at 8:32 PMstazcy
- February 24, 2010 at 12:27 AMGreg
- February 24, 2010 at 7:27 AMUnknown
- February 24, 2010 at 10:45 AMWPK
- February 24, 2010 at 2:07 PMstazcy
- February 24, 2010 at 8:10 PMPeak Of the Peak
- February 24, 2010 at 9:25 PMsteve
- February 24, 2010 at 10:46 PMPeak Of the Peak
- February 25, 2010 at 2:12 PMv-ion
- February 25, 2010 at 4:23 PMRichard
- February 25, 2010 at 11:10 PMUnknown
- February 26, 2010 at 12:38 AMtyler
- March 1, 2010 at 9:35 AMPeak Of the Peak
- March 1, 2010 at 2:18 PMWPK
- March 1, 2010 at 6:07 PMmark
- March 1, 2010 at 8:23 PMtanprop
- March 2, 2010 at 7:52 PMPeak Of the Peak
- March 7, 2010 at 12:31 AMAnonymous
- March 8, 2010 at 3:13 PMPeak Of the Peak
- March 8, 2010 at 9:56 PMAnonymous
- March 9, 2010 at 8:41 AMmark
- March 9, 2010 at 2:57 PMPeak Of the Peak
- March 12, 2010 at 11:38 AMKen
- March 15, 2010 at 10:16 PMtyler
- March 18, 2010 at 7:16 AMUnknown
- March 19, 2010 at 2:32 PMWPK
- March 23, 2010 at 11:48 PMUnknown
- March 24, 2010 at 3:11 PMPeak Of the Peak
- March 31, 2010 at 10:35 AMHio Hwi, Audrey
- March 31, 2010 at 10:23 PMtyler
- April 1, 2010 at 11:59 AMPeak Of the Peak
- April 12, 2010 at 8:28 PMtyler
- April 19, 2010 at 2:31 PMPeak Of the Peak
- April 21, 2010 at 11:44 PMtyler
- April 28, 2010 at 12:03 PMbesteverthing
- May 6, 2010 at 11:25 PMSC
- May 6, 2010 at 11:55 PMugui
- May 7, 2010 at 1:04 PMSC
- May 11, 2010 at 1:31 PMstazcy
- May 15, 2010 at 10:03 PMAnonymous
- May 25, 2010 at 12:02 PMBegin of Options Life
- May 25, 2010 at 7:46 PMPeak Of the Peak
- May 26, 2010 at 8:02 AMAnonymous
- May 27, 2010 at 12:18 PMPeak Of the Peak
- June 17, 2010 at 4:46 PMBegin of Options Life
- June 23, 2010 at 11:48 PMmonkey
- June 27, 2010 at 12:09 AMUnknown
- June 27, 2010 at 12:18 AMUnknown
- June 28, 2010 at 2:44 PMPeak Of the Peak
- June 28, 2010 at 4:06 PMNEC Andy
- June 29, 2010 at 2:40 PMPeak Of the Peak
- July 2, 2010 at 10:58 AMBegin of Options Life
- July 9, 2010 at 11:37 PMC
- July 13, 2010 at 4:26 PMPeak Of the Peak
- July 14, 2010 at 8:36 PMC
- July 15, 2010 at 12:38 AMPeak Of the Peak
- July 15, 2010 at 7:24 PMtyler
- July 15, 2010 at 8:01 PMPeak Of the Peak
- July 19, 2010 at 2:28 PMPeak Of the Peak
- July 19, 2010 at 4:40 PMBegin of Options Life
- July 24, 2010 at 4:04 PMrickinson
- July 26, 2010 at 11:32 AMstazcying
- July 27, 2010 at 1:04 PMUnknown
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- July 27, 2010 at 2:51 PMmyonedeco
- July 28, 2010 at 9:40 AMSummer
- August 3, 2010 at 3:38 PMGeorge
- August 20, 2010 at 11:28 PMUnknown
- September 3, 2010 at 11:17 PMtyler
- September 5, 2010 at 11:17 PMUnknown
- September 6, 2010 at 12:37 AMUnknown
- September 7, 2010 at 12:01 PMPeak Of the Peak
- September 16, 2010 at 12:14 AMPeak Of the Peak
- September 19, 2010 at 11:54 PMC
- September 28, 2010 at 12:30 PMBegin of Options Life
- October 10, 2010 at 1:26 PMPeak Of the Peak
- October 11, 2010 at 1:17 PMrickinson
- October 11, 2010 at 1:30 PMStaYSI
- October 11, 2010 at 9:17 PMPeak Of the Peak
- October 18, 2010 at 6:35 PMsiLLyGuY
- October 19, 2010 at 12:00 AMtyler
- October 28, 2010 at 12:32 PMrickinson
- October 28, 2010 at 4:24 PMPeak Of the Peak
- October 28, 2010 at 6:33 PMUnknown
- October 28, 2010 at 7:15 PMmonkey
- October 29, 2010 at 5:39 PMrickinson
- November 1, 2010 at 6:24 PMUnknown
- November 2, 2010 at 3:25 PMPeak Of the Peak
- November 2, 2010 at 6:49 PMmaverick
- November 3, 2010 at 2:44 PMAnonymous
- November 3, 2010 at 10:22 PMmaverick
- November 6, 2010 at 8:16 AMUnknown
- November 7, 2010 at 1:48 AMUnknown
- November 7, 2010 at 12:27 PMRobert22345
- November 9, 2010 at 1:27 PMmark
- November 10, 2010 at 8:04 PMtyler
- November 12, 2010 at 11:48 AMBegin of Options Life
- November 13, 2010 at 1:28 AMUnknown
- November 14, 2010 at 3:45 PMtyler
- November 14, 2010 at 4:19 PMUnknown
- November 15, 2010 at 1:05 PMGoldendale
- November 19, 2010 at 6:31 PMtan
- November 26, 2010 at 3:01 PMtan
- November 30, 2010 at 1:12 PMAnonymous
- December 1, 2010 at 10:02 AMtan
- December 5, 2010 at 11:41 PMhssf
- December 7, 2010 at 11:39 AMPeak Of the Peak
- December 7, 2010 at 11:41 AMPeak Of the Peak
- December 16, 2010 at 5:53 PMtyler
- December 16, 2010 at 8:09 PMtan
- December 22, 2010 at 2:41 PMPeak Of the Peak
- December 23, 2010 at 11:25 AMtan
- January 1, 2011 at 12:36 AMhssf
- January 1, 2011 at 12:37 AMhssf
- January 9, 2011 at 7:43 PM6480
- January 10, 2011 at 9:43 PMAnonymous
- January 10, 2011 at 9:54 PMUnknown
- January 21, 2011 at 2:41 PM@ndrewPg
- January 21, 2011 at 4:25 PMAnonymous
- January 21, 2011 at 9:54 PM@ndrewPg
- January 30, 2011 at 2:09 PMPeak Of the Peak
- January 31, 2011 at 1:48 PMPeak Of the Peak
- February 9, 2011 at 4:51 PMBegin of Options Life
- February 11, 2011 at 9:21 PMID PRO INTERIOR DESIGN
- February 16, 2011 at 2:37 PMUnknown
- February 18, 2011 at 1:32 PMPeak Of the Peak
- February 18, 2011 at 2:07 PMUnknown
- February 22, 2011 at 5:11 PMBegin of Options Life
- February 22, 2011 at 5:18 PMBegin of Options Life
- March 10, 2011 at 12:43 AMC
- March 24, 2011 at 8:54 AMFoldie Man
- March 25, 2011 at 12:56 AMtyler
- March 25, 2011 at 1:22 AMAnonymous
- March 27, 2011 at 2:56 AMC
- April 4, 2011 at 5:48 PMBegin of Options Life
- April 5, 2011 at 10:25 PMC
- April 8, 2011 at 5:27 PMBegin of Options Life
- April 14, 2011 at 12:04 AMtyler
- April 14, 2011 at 9:50 AMBegin of Options Life
- April 23, 2011 at 2:56 PMFrost
- April 24, 2011 at 8:41 AMtyler
- April 26, 2011 at 7:34 PMFrost
- April 26, 2011 at 11:00 PMWPK
- May 2, 2011 at 1:45 PMtyler
- May 12, 2011 at 8:52 AMBegin of Options Life
- May 14, 2011 at 10:30 AMUnknown
- May 14, 2011 at 3:35 PMmark
- May 15, 2011 at 6:12 PMtan
- May 15, 2011 at 11:51 PMmark
- May 16, 2011 at 11:29 AMmark
- May 17, 2011 at 5:59 PMFreemind
- May 19, 2011 at 1:46 AMtan
- May 19, 2011 at 4:36 PMmark
- May 30, 2011 at 1:44 PMKen
- June 6, 2011 at 12:15 PME
- June 8, 2011 at 12:29 AME
- June 17, 2011 at 5:41 PMFoldie Man
- June 17, 2011 at 11:03 PMtan
- June 17, 2011 at 11:55 PMtan
- June 19, 2011 at 11:24 PMmark
- June 20, 2011 at 11:58 PMtyler
- June 23, 2011 at 2:02 AMjohn
- June 28, 2011 at 10:24 PMbesteverthing
- July 1, 2011 at 1:02 PMjohn
- July 13, 2011 at 2:52 PMPeak Of the Peak
- July 14, 2011 at 10:46 PMPeak Of the Peak
- July 15, 2011 at 5:02 PMtyler
- July 16, 2011 at 11:03 AMPeak Of the Peak
- July 21, 2011 at 9:04 AMKen
- July 23, 2011 at 12:19 PMPeak Of the Peak
- July 28, 2011 at 11:11 PMAnonymous
- July 29, 2011 at 7:57 AMmonkey
- July 29, 2011 at 8:14 AMAnonymous
- July 29, 2011 at 8:23 AMAnonymous
- July 29, 2011 at 12:40 PMAnonymous
- July 31, 2011 at 8:36 PMAnonymous
- August 1, 2011 at 11:31 AMPeak Of the Peak
- August 1, 2011 at 2:26 PMAnonymous
- August 5, 2011 at 12:54 PMjohn
- August 5, 2011 at 4:14 PMAnonymous
- August 7, 2011 at 3:52 PMPeak Of the Peak
- August 8, 2011 at 11:34 PMjohn
- August 9, 2011 at 7:13 PMrickinson
- August 17, 2011 at 11:14 PMWPK
- August 19, 2011 at 12:19 PMjohn
- August 19, 2011 at 2:01 PMPeak Of the Peak
- August 19, 2011 at 3:41 PMjohn
- August 20, 2011 at 12:49 AMC
- August 20, 2011 at 2:58 PMNEC Andy
- August 22, 2011 at 3:26 PMPeak Of the Peak
«Oldest ‹Older 201 – 400 of 674 Newer› Newest»For sharing, the specs are available here:
http://www.thepeak.my/specification.html
Not sure about the height though.
anyone can share how much they are selling for block c? is the 45k discount still available?
This is gonna be a hot property in view of the location, perhaps the web-master can add in this blog?
Anyway, Ivory has already accepted booking before the road-show, on 11-12th Feb if not mistaken. Given 10 + 5% discount, but even with that the selling price is >400psf. Furthermore, there is this 24+6months holding period before s&p being stamped, standard practice for Ivory projects but the periods seems much longer in this case.
Hi Prop, the statement u mentioned is refers to "The Residence". Not "The Peak residence". Just to make it clear....
:)
Thanks Peak. My friend who works as a Site Supervisor told me if the ceiling height is above 11ft.from the floor Then, should be no problem, if the ceiling height is below 11 ft, the house will give you a feeling of "pressure" due to low ceiling.
By the way, is there a "The Residence" coming up also? Ivory is the developer?
nevertheless, it is a quite a dense development. 37 floors in total with 3 blocks. How many units per level?
all SOLD OUT!! as stated by Kwang Hwa Jit Poh
Cecilia:- "The Residence" is another Ivory's new project. Will commence work in another 2-3 years (24+6 months as in letter of offer) and took another 3 years to complete. So the targeted completion date is 2016/2017 provided the project kick-off.
Jeremy:- Yes,3 blocks with 37 floor for the total of about 600 units. Not so dense as 6 units per floor only. For those low density apartments/ condos, the common issue is they do not have enough fund to maintain the facilities. So for low density apartment/condos, the facilities is = almost non or pay a very high maintenance fees..........
:)
I checked with HSBC today, they are not offering loan for this project yet due to the project not getting the advertising permit....any idea about this? The finance agent told me HSBC will only allowed the loan and S&P able to signed only after developer obtained the advertising permit.
Hi Peak,
I also one of the buyer who just booked The Peak Residences on Sunday at the roadshow. I just paid the booking fee RM5000 on that day and they requested me to pay the rest of 10% downpayment and sign the SnP on this coming Sunday.
Just want to ask do you sign the SnP already?
You can contact me via email or msn. Thanks.
khlee1983@hotmail.com
Hi WPK,
I called to Maybank this morning. He told me that definitely Ivory getting the Advertising permit else they can't do the road show and open selling the project to the public.
Peak:
can u send a copy of document also
juz booked 1 unit of block C last few days~
my email : ivory_yeong@hotmail.com..
Thx~
Peak,
You're factually wrong to say the good or bad quality the maintenance of one condo or apartment, due to low or high density. Whether sufficient funds collected or not to maintain the condo or apartment is depends on the attitude of majority of the owners, whether they pay up or not, irregardless whether it's low or high density.
It could be due to many factors, even if the condo is high dense, doesn't mean the owners will certainly pay up. In fact, there were a few good examples of high dense apartments in Penang which failed to upkeep their condo well and its facilities are in deplorable state now.
One of the reason could be due to too many investors which not bought the units for own stays and mostly either rent it out or put aside until they got the right price to sell. Mostly don't bother to pay maintenance fee on time, till they sell the unit.
Also another likelyhood is once you have this type of situation, even the usual owner who pay up on time will start to think twice to do so, since even with the prompt payment, the facilities still in miserable condition. At the end, more defaulters on maintenance fee until at a stage where no one going to bother to pay.
Imagine condo with high dense, the population who use the facilities definitely greater than those in low dense.
Of course, low dense condo will also face the same problem if the owner doesn't pay up the maintenance fee.
Hence, your argument of low dense condo will cause problem compare with high dense apartment definitely not going to hold water.
i bought block A 26th floor in Nov2009, with the price of RM292,800 after 45k discount. Just went to the road show at gurney to ask what is the price for 26th floor of block C. Surprisingly, after all the deduction/ discount, the price is about 27k higher compared to the price i bought! Just within 3mthns :)
Monson
i agreed with what you said...ppl behavior is the issue for most of the case....but by having a good control, it can ensure the ppl pay the maintenance fees monthly and punctually, example, disable the access to the building as most of the new property using access card now. But as what Peak said, low density apartment will facing the issue of lacking funds for big maintenance work like lift, painting...water tank leaking...even you collect 100% maintenance fees from all dept, you still always need to pay extra when such a big project involved.
By the way, we should share the idea here...but perhaps just healthy debate...no offensive...
Anyone know this site b4 is a empty land or wat???izit it was cemetery last time?
WPK:- HSBC is offering bank loan for "The Peak Residence". But NOT yet/ still too early for "The Residence" as "The Residence" do not have any permit yet. For "The Peak Residence", the permit is obtained. There are few banks offering the loan. HSBC, Maybank, RHB.....
V-ion:- Yes, that is the "procedure" practice by Ivory. You will signed the SnP during the 10% downpayment, but the SnP not going to stamp yet until the project kick-off. The targeted SnP stamping will be on June 2010. As per the government's rules, the developer have to be complete the project after 36mths at max take effective from the SnP stamping date. Finger cross for not to delay anymore for the SnP Stamping....
Monsoon- Thanks for your point of view. I do agree with you on certain sense. Anyway, what I had mentioned earlier is "ONE" of the fact that facing by a lot of people. You can always check with peoples staying @ low dense apartments/ condos. On top of this, I didnt say this is the major factor, but the chances there is higher. Off course I totally agree with you on human behavior is playing a very important role. But do bare in mind, we cannot choose or control other people's behavior, but we have the right's to lowwer the risk. Dont u agree? Anyway, I just share my point of view. There are nothing right or wrong. Nobody here is the judge. But if I do mentioned anything u feel wrong or makes you not happy, I apologize. If u would like me to shut-up, I will disappear from this page!
;)
Bali- Yes, you got it. This property had a possitive sign on the pricing growth. As per my statement earlier, the average growth is in the range of 5-10%. Off course the higher floor, u will enjoy the higher growth... Congrats Bali, u had make your smart choice...
:)
Stazcy- The land is not cemetery. Is kind of jungle last time. But last time was "semi-cleared" by the previous developer. Unfortunately, the previous developer was facing some problem and now took over by Ivory....
:)
My fren just bought a unit at 'The Residence', he told me thats the last unit available.
Steve- Yes, "The Residence" sold out.... But lots of Ivory's director "hold" many units (for sub-sale maybe)..........
:)
Hi Peak,
Which block you bought for The Peak Residences?
Hi Bali, I bought Block A back in November too and when I checked during the Gurney roadshow, the same floor for Block C has appreciate by about 9% after discount. So for Penang as long as the developers are well known, the value will appreciate. but I don't foresee it to be as high as Bayswater which is really crazy.
But as I bought the unit here for my own staying, I just hope that The Peak will commence as per schedule and completed with good showmanship.
One more thing, I also noticed that the master bedroom's bathroom comes with a bathtub. I really don't like the bathtub and I checked with the sales during the Gurney roadshow whether we can opt not to install the bathtub and she mentioned that we can request thru the sales person not to put in the bathtub and also if need to put in additional light point or power point, we can request that too. Can anyone confirmed this too?
Penang island is a hot cake. Prices increase too fast until we could not cope.
For those who still consideringggggg...
Good luck.
Does anyone had oredi signed the S&P?
v-ion- I bought block B back in somewhere OCT last year...... :)
Richard- Yes,we can write in to request not to install the bathtub or anything that you feel not right.
by the way, i signed up the S&P last week but is is acutally called "preliminary S&P", means the item listed still subject to changed. Also, it is NOT mentioned in black and white the height of the wall, and roof top garden also not being listed. Will it be issue?
Hi Peak,
Whats the difference between 'The Peak Residence' and 'The Residence'......?
i think Peak already answered that on 23rd Feb :-). Anyway, "The Residence" is the future project of Ivory, to be planned on a plot of land right in front of Tanjunk park, opposite and across the road of Island Plaza. It was originally called "Tanjung Tourist Mall", but the name of the commercial portion has been revised to "City Mall", and the residential portion as "The Residence".
Thanks Prop for the clarification. You are right......
:)
Hi,
I am keen to get one unit, any unit available ?
Hi Stephen,
Block B above 20th floor, 1000sf with lanai type, Nice view. Please offer.
Hi Peak,
Are you from developer ? How much you want to sell ?
Thanks Peak and Prop.
Hi Stephen:- Nope, I m not from the developer. I am the buyer. Anyway, I m selling my unit provide the price is right in the sense of meet my expectation. All in all, its still too early for sub-sales. You can always to keep my contact or drop me an email. Will reply you once the S&P was signed. This will be more secure for both of us. Hope you dont mind to be patient for a little while...My email address is peakofpeak@gmail.com
:)
Hi Mark:- No problem. You are welcome. This is the beauty of this blog to keep us updating each other...
:)
Jz want to check, do we need to pay MRTA before S&P stamp? Got a call from Maybank asking for payment.
Anyone accept loan from HSBC?
got -BLR2.25 from HSBC. but gonna pay for the lawyer fees ourselves.
i asked just now at PISA property fair, HSBC offering -2.0 for this project including lawyer fees...would like to check if anyone getting this packages?
any news when this project will be starting?? as the land has not been cleared up when i pass by the area. nothing seems to be moving? so the completion will drag from what i see from above??
old buyers- any difficulties in signing for the SnP and stuff??
anyone from Ivory - still able to get any discount from it??
Thanks all..
Hi Cindy,
Targeted SnP stamping date will be somewhere in May or Jun 2010... Completion will be within 3 years from SnP stamped date..........
I think Ivory had no more discount as the units for non-bumiputra was almost sold out.......Btw, I m not from Ivory. U can always try your luck @ Ivory office if u r really interested....
:)
10%+5% discount not 10% +rm5k...
i bought a unit on the 25th flr block C.
where is the future road access to this property? Izit new road will be built next to the Market?
Hi Tyler,
The actual new road yet to confirm. But dont think they (Ivory) going to build the road link to the market. The most possible plan will be widen the existing road in front of the 4 bungalow there.......Anyway, this just my point of view and yet to confirm...
:)
Hi Peak, i hav been to the site juz now, and wondering beside this condo The Peak, what else will be built at this empty land? Shop lot? or ? Is the empty land here all belong to Ivory?
Dear all, Anyone have any updates for this project? Seems like quiet for some time here......
:)
Dear all, does anyone of you know how tall is the ceiling height? And, does anyone of you have details information about this condo that can send to me (Tyler261@gmail.com)? Thanks :)
Tyler, ceiling height is confirmed not lower than 10 feet which is the standard height in the industry.
Btw, heard that Tesco is under construction beside Quayside Condo by E&O properties as of now.Tesco from e-gate will move to tjg. tokong in 9 mths time.Lease of 20yrs from E&O to Tesco.Anyone can confirm this?
Anyone interested in buying? I just booked a unit but my loan is not approved. Well, will have to let go of this good investment.
SC， which floor is ur unit?
Its on the 13rd floor...
tat day i juz go to site c, but the site not yet claer..still hv people staying..y?
same fate here. bank loan not approved. i need to let go of a unit here. high floor. kindly drop me a mail or your contact if you're interested.
heard latest "unofficial" date for s&p is end June
Dear all,
Anyone have any confirmation on S&P Stamping date? Please advice. Thanks.
khoo, how do i contact you offline?
Hi besteverthig and all,
Yes, Tesco confirmed is there in Tg Tokong. The construction beside Quayside condo is for Tesco.
For the E-gate tesco whether or not to move there, this is yet to confirm. The initial contract happen to be in such way that Tesco e-gate will move to Tg Tokong, but the latest news is Tesco may not move but the Tanjung Tokong one is the new Tesco, the 3rd Tesco in Penang.
:)
Dear all,
does any one have news on the confirm date for the S&P stamping date?
Thanks
Dave
The sales person also say that the S & P probably will stamp around June but now no info yet, the developer still not giving a very clear statement. Any one have further info ?
When is the Stamping date??
I understand that only penang new property after complete MUST give the so call “GANGSTER CONTRUCTOR” to conduct the renovation job if not must pay for double or triple price for the bricks, cement from them. Not sure The Peak will this apply this “PENANG CULTURE” or not?
Dear all..Yes, the SnP stamping date havent confirm by the developer yet.... But at least we can see some site clearing job was in the progress..... Me/ we all looking forward to the SnP stamping date... Just wait for the further info.............. Should very fast within this one or two months time.....
:)
Ivory project usually will be late in stamping. One of my friend told me, he had to wait for 1 year and yet is only Pre S&P.
Hi Andy,
Yes, agree with you the SnP for Ivory will always late........ So out of nothing much we can do, be patient and just wait.......
:)
I called to ask them and the response is
they are only left one paper work to clear,
so expect to stamp end of July
I read on the news that the peak's foundation work is 65% completed, does anyone have any idea?
Dear all,
Just visited the site. There are some site clearing job in progress. A temporary guard post was there with a security guard at the site.
About the foundation work (paper work/ documentation), it can be true 65% completed as the SnP stamping will be pity soon. Should be within next month, batch by batch.
:)
hello peak,
thanks for your information. i visited the site 2 months ago, no work has been done at that time, thats why i was quite surprised with the progress.
Hi Charlie,
Good day... My pleasure for the updating...
:)
The site work started few weeks back, I think about 1 months back...... Visited the site that time too, but didnt update here as just a minor clearing job....
Anyway, u can visit the site now for a better understanding...
:)
Are we allowed to enter to the site to see the progress?
Hi Tyler,
I dont think we can enter as its dangerous at site too... But from outside, u still can see there are some activity is going on........
:)
Bravo and Congratulation to Ivory group of companies...... Its listed on 28th July 2010....
:)
before the bank release the payment to ivory, interest rate already going Up 3 time within the past 5 months :(
do u guys notice that, there will be 20 shop lots beside the peak condo. it goes shop lots , then above it car parks for residents then above it facilities for residents. will it defect the look and the class of the property ?? and the main entrance to the condo is just beside the shop lots. will it look like low cost apartments ?? i dont understand why is ivory doing this to us ! at least if the shop lots are separated frm the condo, then it will ok rather then attaching it will the condo itself.
i had visited the site last week also, they start clear the site already..but just small part..seem like work progress very slow~
The SnP stamping late is their strategy in foreseeing late delivery. Why rush to stamp it if they are bound to pay penalty. Date of delivery unit is based on SnP signed/stamp date.
it is actually the stamping date, not the signed date.
can i sell my unit before snp? wish to sell my unit at block b.
Myonedeco, Why you want sell your unit?
Myonedeco, how much u want to sell? as per your original price?
I also bought a unit in Block C in Feb this year at the Gurney Road show. Have you guys noticed that we have paid the first 10% of the purchase price to a legal firm and not the developer. The acknowledgement of receipt is not from Ivory. How long does the law allow the developer, through its agent, to receive and keep 10% of the purchase price without executing the S&P? Is not this transaction unusual? We have paid the 10% for 6 mths now, yet there is no acknowledgement from the developer.
Hi, does anyone of you had signed the SNP?
And, what is the progress at site so far? :)
Does anyone know is it a common practise that the buyer will have to bear the loan interest before the construction is 100% completed like the Peak is doing right now? I did checked with some of my friends & base on their comment, mostly the buyer only bear the bank loan interest after the OC is obtained.
As long as the bank releast any payment to the developer as per progressive schedule,the purchaser will have to pay for the interest base on the amount bank releast.But there were exceptional cases where developer will bear the interest during construction period.You have to check with you developer on this.
Once OC obtain, then you can start to pay you monthly loan installment as per stated on your loan agreement.
Yes, Ooi is right... But the bank interest will not be high during the construction. U may need to pay the almost full interest when its nearly complete. Its based on the construction progress.....
For the site clearing, the progress is +ve.... looks like they can start the base work pity soon....
How abt the SnP stamping date? Does anyone have any idea when is the SnP stamping?
Thank you Penang Property admin to post the updates.
Thank you very much... Hope all the buyers have a claerer updates by the photo post....
:)
Thanks Peak of The Peak for posting the photos!
sadly the project stamping date still no available .... really disappointed ... a strategy by developer to deliver the project late?
Dear all,
Understand the stamping/signing of SnP block A was in progress. For Block B will be by month end. Does anyone from Block A already sign n stamp the SnP with lawyer? Please kindly verify. Thanks.
:)
some one threw red paint on the main peak advertisement board in jalan mount erskine before we turn to lebuhraya halia. realy cant figure out wat was the intention for doing that ??
anybody notice that ??
yaya..that day i pass by,i saw it too..what happen?
Hi Rickinson,
yes, I saw that also.... But not sure what happen....... Maybe the previous buyer not happy with the compensation...... Well, I m not sure. Does anyone have any idea? Kindly share......
who willing to let go for unit above 25 floor?
and how much?
What is the selling price by developer now for the 1k sf unit lowest floor?
Anyone signed the SNP?
today i received a registered letter frm ivory, one of the paragraph wrote :-
"in this connection kindly take notice that we are not agreeable to the lodgment of any private caveat by our goodself(ve) and/or your financier over the master lots on which the said property shall be erected. in the event of any lodgment of private caveat, you shall be held liable for all damages, losses and expenses that may be suffered by us, other purchasers or any other related parties having the right in law"
and the letter ended with that they will notify me on the date, time and venue to collect my stamped copy of the sales agreement.
is there something fishy about this letter ?? i gonna go tru with my lawyer friends about the contents of this letter.
for your info i bought a unit in block b, do other purchases got this letter ? pls share . thanks.
Hi Rickinson,
Had u already check with your lawyer on the letter contents? What is the updates? Dont mind to share?
I m also a purchaser for Block B. But i m still yet to receive any document or letter from developer. Also checked with Ivory, they said the letter will send out accordingly to purchasers in this 1, 2 weeks time regarding the S&P stamping. But till now still yet to receive any doc............
Is anyone else receive anything from Developer? Please kindly share. Thanks.
:)
I had also received the letter already...but I not really understand what does it mean by >.< Because it is my first time bought house =p Until now I also not really understand what is stamp n s&P...stupid right ^^ I am one of the block B buyer ^^
i also receive the letter from the ivory , My one is block B, i also don understand what is the statement mean.
Rickinson please share with us once you consult your lawyer, the lawyer always want to use the difficult word to confuse the buyer, we need to know by the lay man term for our benefit.
Thanks
my friend (lawyer) told me that nothing is to worry as its standard paragraph. so its ok. anyway other purchases please do your own investigation too, if there is anything no good, keep all of us updated.
thanks.
How many blocks will this project have?
Will there be a low-medium cost block just to compensate the past buyers?
Dear all Buyers,
For the letter frm Ivory is basically a letter of acceptance of the offer. Previously all the buyer just get the letter of offer when the 10% down payment. So this letter is officially to informed that Ivory accept and agree on the package of offer as mentioned in the letter of offer. In the event of this, the next step is to get the SnP stamped.
Is anyone already initial and get the copy of stamped the SnP? Is there any changes in the SnP which we sign earlier? Does anyone study on this? If so, dont mind kindly do share your findings. Thanks.
Dear SY,
Total of 3 blocks with 38 floor height consist 6 units each floor.
Yes, there will be a low-medium cost block located behind this main blocks. Its bond under state governments rules and not for compensation. Please be informed. Thanks.
:)
Wow.. Ivory still havent stamp SNP yet?! Amazing! Was considering the peak in Feb/Mar 2008, but luckily wasnt tricked by Ivory to pay 10% to the so-called trustee. My other condo is nearing completion wit potential of locking in big gains d.. while the peak still havent really started ground zero yet.
maverick, if u dont mind can u share with us where did u purchase the other condo ? thanks
surin and brezza
I checked with the management, the red paint on the main advertisement board was due to gangsterism who failed to demand protection money from the developer and not getting the exclusive right for the renovation contract. Not sure how true is it.
Besides, I also heard there will be a low cost condo located next to Block A and a high cost condo next to Block C.
I will buy the Peak when the OC obtained. Quite risky to place the 10% deposit with the developer.
Hi, i just completed my stamping on last sat.
You all may contacting Chow Tat Sheng and confirm your stamping date. Cheers!!!!
I've signed my S&P early October. Completion date is the latest by 30th Sept, 2013.
Hi,
I'm block C owner, bought the unit during the Chinese New Year promotion. I wonder if any block C owner already get back their 5% rebate of the property price from the developer? Or may be when will only be given back to us the 5% rebate?
Thanks
to get rebate 5% i think is upon of the 3rd payment according to the schedule, probably 6 months later.
helo every one,i m the peak buyer.may i know loan legal fees is bear by devoloper,is no normaly is how much?thanks.
Hi,
I have just completed my stamping yesterday.
May i know what is the progress in construction area so far?
SnP lawyer fees is bear by the developer while the loan legal fees is not. Some banks absorb loan legal fees but not sure which bank offers such package.
Ivory sales rep said the piling has started and expected for the next 10% payment (upon piling completion) by April 2011.
The 5% rebate will be released to the buyer upon the first drawdown of the bank loan. So if buyer take a 90% loan, the rebate will be issued upon the piling completion.
Dear all,
Peak and Peak of the Peak is different ppl. Just to make it clear......
For the site progress, now still at site clearing stage. Wondering the pilling can be complete by Apr 2011. But hope everything will follow as scheduled. Somehow, the developer follow or not, it must be complete by Sept 2013. This is the gov. rules to get the OC by 36 months of the SnP stamped date. The longer developer drag to start the ground work, the better for the buyer as we dont need to bare with the loan interest so early.....
:)
Wonder why red paint over signboard and also burnt marks over it.The picture being peel off lately.Ivory won't reveal actual answer.Anyone got connection to tell us about it.Appreciate to all purchasers.
Can we buy a subsale unit at this stage?
my loan was approve recently, now the banker wants me to buy mrta. my question is do i need to buy the mrta now or can i buy it later, as the project is in the begining stage only.
To buy when OC released maybe abit late.Prices
maybe too high and your choices limited or even
project sold out.
I tried it before,very disappointed.Good luck!
hi all,
heard that there will be another condo project by Ivory near to Peak Residences?
Any idea?
thanks.
hssf
Hi hssf,
Pls go back to the earlier comment in this blog... We already mentioned and discuss this months back...Thanks...
:)
Btw, "Peak Of the Peak" and "Peak" is 2 diff individual.....We do not know each other......
:)
Who have the latest update on the site progress?
Can share here pls?
Hi tyler
I was at the guard house but nothing much to
view unless we move further up to the actual
site.
Merry Christmas and Happy New Year to all......
Happy 2011......
Greetings to all of you especially to the Peak
owners Merry Christmas & Happy New Year.
hi,
2nd phase has a soft launch today.... available for booking @ Gurney plaza/Birch house
hssf
high end condo, called The Latitude
To: ALL Buyer
have one units block B want to sale without balcony with 20 and above floor...
asking price 450k nego...
frm. jcyc
I heard that there's a new project by the same developer as the uban residence coming up infront of The Peak residence consists of terrace and condo soon.
Low cost beside The peak Recidences Block A. And High end Condo close to Botanical Garden.
Future owners of The Peak and The Latitude, you can visit the constuction site within the next few days to personally experience the bi-annual clearing (burning) of the cemetery bushes (super nearby). Yucks.....
WAH...SO SCARED LA ANDREW....OK ALL THE BUYERS OF THE PEAK AND LATITUDE AND ALSO THE ALL THE RESIDENCES OF NEARBY AREA PLS SELL ALL YOUR PROPERTY COS ANDREW ALLREADY ALERT US OF THE BI-ANNUAL BURNING OF THE BUSHES WHICH IS VERY VERY NEAR TO OUR THE SAID PROPERTY. SO PLS LISTEN TO OUR SUPER SMART ANDREW'S ADVISE AND SELL OUR PROPERTY AND WE WILL BUY SOME OTHER PROPERTY WHERE ANDREW FELLS RIGHT ! THANK YOU MR ANDREW !
David you dont have to be rude. You have a childlike nature. I am just stating what I have experienced. It is up to individual reader to evaluate if they should or should not purchase the property. Grow up boy !!!
Dear Guys, everyone have the rights to comment their opinion and it's free to voice anything here....There are nothing write or wrong here as every individual have different point of view... Cool down guys...
Chinese New Year was around the corner, would like to take this opportunity to wish everyone n family Have a wonderful and Prosperous Chinese New Year.....
Happy
Chinese
New
Year.....
Happy Chinese New Year to the world!!!!!!!!!!!!!!!!!!!
Peak Of the Peak treasures you and your family dearly and wish you all a Very Happy and Prosperous Chinese New Year. May the abundant blessings of GOD accompany you throughout the year of Rabbit, 2011......
Peak Of the Peak 祝福您和您所爱的家人拥有一个富足喜乐的农历新年。。也愿未来的2011兔年里，上帝常与您同在，并将豊富的恩典，倾倒给您和家人。。。
新年快乐， 万事如意...， 财神常年罩着您！！！！！！！！
received letter from ivory.
looks like the next bank statement will need to make second payment of 10% liao
meaning their under ground work has completed, now going to start to build the structure framework
The Latitude is it worth buying, 1500sf at Level 9 corner lot for RM 580K......ANYONE can tell me please?
How is the response of The Latitude?
Shaun~~The Latitude abt 90% sold out as per 1-2 mths back....... I think now just left bumi lots.....
David~~U received the letter from Ivory? Yours is block A, B or C?
Peak of the Peak, Thanks!
Wah so good aah? Ivory still offering 12% offer + Angpau? It's a good buy project? I saw the road is so narrow at the old housing estate, before the Peak / Latitude.
Hi Peak of Peak
mine Block C
anybody has experience in buying commercial property? any forum discuss about this?
nows a day bank refuse to subsidise the legal fee for loan, super sian ...
anyone know how is the construction progress now? has bank pay the second 10% payment?
Just receive letter from Ivory asking for payment of balance between the purchase price and loan amount minus the 10% down payment.
IS the payment should be made by Chow Tat Seng using the 10% downpayment that we had paid previously?
I think the 10% that you need to pay is for Progress 2(a), money should be released by bank to developer if you are taking up a loan.
Anyone help?
May I know is that for the second 10% payment? Because I still haven't received any letter from ivory yet.
the ivory has send to my bank cc me to ask bank to release payment of 10% of the unit purchased for schedule 2(a) on 19th march 2011.
+ the initial 10% downpayment, this should make up of the total 20% from the purchase price.
David, thanks for the information!
The dam thing due on 5th april, and
dunno whats wrong with the bank .... ivory said they never receive the payment from bank, send a letter threathen to charge additonal 10% interest on me .....
dam, is this my fault? the billing is to BANK wat! bank did not pay out i need to bear the penalty??!!!
call up the bank, and the officer is helpful enough, let see what happen next ....
I also received a letter from Ivory stated that Payment Overdue and they are going to charge me additional 10%. I call bank.. they said tat the money is still pending for approval. and i called Chow Tat Seng, they claim that they have already sent letter to Bank to ask for payment. Does anyone there know usually this situation happen, who should bare the penalty?
ask money very efficient
when time to pay the money ......
the ivory should send the letter to the lawyer and bank and should only "CC" us, what is the job of the lawyer for? Lawyer, meaning they act as single contact point between all parties, why is the letter still reach our hand ??? WTF
and the bank .... even worst, the moment they approve our loan, they should have already make the fund available ... where got such thing one...
if you tell this story to those in oversea become a joke of the day.
I have just received the same letter too. I called up Ivory and apparently the payment from the Bank was 1 day late, hence I am charged RM 8.70.
Why are we penalised for a fault not ours?! Is it the bank's fault or the lawyer's? BTW, are we having the same bank? Mine is HSBC. Hope someone can enlighten me on how to solve this. It's not about the amount of money, but being penalised for something not our fault.
Finally, bank released the money after 2 weeks delay..
So tyler, do you have to pay the penalty for the 2 weeks delay?
i called up my bank agent and she told me that the delay actually from Chow Tat Seng. So Lawyer firm should be the one who need to bear this up + penalty. Else i will suggest we even can meet up together and give him pressure on it if is NOT solve.
Frost: nope, i will not be charge for tat..
What is the construction progress, so far? I will back to Malaysia to get the rebate..
yes ivoryis charging the interest, one week dealy cost ~100 dollars, hsbc advise to claim the amount from they upon completion of the purchase, i.e when ivory hand ver the unit to us, we will then do a claim against HSBC on this.
Hi guys, i received a letter from Ivory regarding the Air Conditioning and Water Heater system Upgrading. I wonder should i accept it or should i do the upgrading only after the renovation? What are the risks? Thanks
Hi guys, I also have received the same letter as theone regarding the upgrading package. Any comments pls...........? By the way, I'm not taking loans yet but never receive any letter from Ivory for the 2nd 10%.........should I worry.........? Thanks......
Hi(To all who received Upgrading of Air-con & Water heater system esp.the one & mark)
I share the same concern if its worthwhile to accept now or do it ourselves after OC obtained.
My main worry is whether the prices Quoted are reasonable.Thought of visiting Ivory next week to clarify more details.Anyone wish to join me or care to share your kind opinion? Thanks
Hi tan, after consideration and doing some checking n surveying. I've decide to only install the 'bath 1' which cost RM1,350..........
For 'bath 2' i feel that for own stay or investment you can easily buy a basic water heater which cost less than RM300........
For all the air-cond you can buy it less than 6k n installation is less than 1k........for my unit which is 1,000 sq. ft. (lanai type).......piping n wiring doesn't cost that much cos de bigger de house de biiger de cost for piping n wiring...........in conclusion i feel that the air-cond package is abit over price.........
Sorry for de misinformation...........
After checking with my air-cond contractor, he say that de price is quite reasonable and it's easier for them to fit in de air-cond units while under construction for there are possibility that if u ask ur own contractor to fit de air-conds after de completion of de property, they might need to buy sands, semens n others from de developer to concealed ur air-cond piping n wiring (they can't bring their own)..... and it'll be expensive......
The Project Architect must certify that piling works has completed before the Developer can bill buyer or bank for the 2nd 10% payment. Anyone saw the architect certificate for piling work completion?
Ong
Singapore
Hi Mark
I believe they will do a proper job of
installing the air-con and heater system but at
a higher price.Mine is the ll00 sq ft corner
type & total cost is RM15,200.Wow alot of money
Both water heater is important,so maybe I'll
cancell the living hall & one smaller room air-
con unit.Anyway,I'll be visiting Ivory next
week to finalise and if possible ask to extend
the 2 weeks deadline for submission.I still
have some questions to ask them.
So far,we don't have much response from other
owners of late.
You mention about the 2nd 10%,I think its
coming soon.
Bye for now!
Hi tan,
Thanks for ur reply.....
Ya still waiting for other owner's response......anyway I've paid already........
I've check with them mine is 30th floor so payment will be somewhere around next month.....
My concern is what model of Panasonic aircon they going to install, and how about the warranty period?
same concern over the water heater.
If we get outsider to do the job, the price will be at least 20% cheaper.
Does any1 find out more details from Ivory? kindly share it, thanks a lot!
For those who have finance the loan agreement legal fee into your loan package...has your lawyer issue you with invoice/official receipt with the detail breakdown??
I have financed the legal fee into my loan agreement. called my lawyer for the copy of invoice and also official receipt with the detail breakdown....the legal clerk inform me that the copy of invoice wont be issued to me and as for the official detail breakdown, she will have to ask her boss and see whether can furnish to me or not....I am puzzled over this...
Can someone please let me know has your lawyer issued you with invoice/official receipt with the detail breakdown on the legal fee for your loan agreement (if you finance the legal fee into your loan package)?? Thank you in advance.
All,
Ivory has just billed the stage 2(a) payment on 8-Jun and due by 28-Jun for Block B units.
Mine is Block B. Also received request last
week for second 10% payment.Hope the Groundwork
& Foundation really completed.Can't actually
view from the site.Quite a distance.
To Ken - I was told by Ivory for air-con Panasonic a lower grade will be fitted,I think without inverter type(cheaper than their best model).Just for info:
Those willing to accept the offer,for lower floor,you have 2-3 months to committ and for higher floor like mine must confirm in 5 months
time.I understand their contractor are well experience with a reputable track record so their work I'm not so worried but you pay more for a quality job.Warranty wise,we can always refer back to them.Should be no problem I guess!
Water heater is an important factor,its conceal like in hotel with a storage tank capacity type.
I like this concept.Anyway,I still got time to
consider before accepting their job.
Hi tan,
I've choose to cancel the 2nd bathroom water heather cos you can fit just a normal water heather which cost roughly less than rm300 (i think), rather than de propose ones. For master room i'll take it cos there's a bathtub n u really need enough hot water to fill up ur tub. I dun like de hot weather so fitting all de air-cond.
Hi guys,
I'm Block C owner, may i know what is the construction progress so far?
Can someone please upload the pictures of the site?
Thanks
Hi to all owners
Letter requesting for 2nd 10% payment has arrived and due on 28th June.Block B owner.
Has anyone actually seen the foundation and groundwork completed?I was at the site but can't
see it clearly from afar.
Appreciate if someone could share their experience here and as Tyler highlighted,pls
forward some photos for all to see.
Thank you
Hi All,
Regarding the ground work and structure, I have seen it. Saw the columns and beams for ground floor level for Block C and heading towards block B. So should be ok. No worries. Saw if from Fettes Residence lift lobby on the 32nd floor. It's very clear from there. Should have taken the photos that day when I have the chance and share with you guys. If I go to Fettes Residence again I'll try capture the photos from far...it's clearer that way.
Thanks to besteverthing for response.I was at Seri Tanjung apartment level 16 and could view some scenes from there.Looks like work is in progress and thats great.
Anyway,did you buy any unit of Peak?
Dear all,
Is anyone check with Ivory if we can just get the conceal wiring job for the Air-cond and water heater instead of the whole package? If so, what is the charges? Dont mind to share if anyone have any inputs....
Thanks a lot...
Dear all,
Just emailed the photo of the actual site progress to Penang Property. Think they will upload the photo anytime soon.
Anyway, I just visited the site on 14th July and the progress was constructed up to level 3. Please kindly refer to the photo.
:)
Peak of the Peak: Tq so much for capturing those pictures..
I will back to PG end of this month,and hopefully i have time to pay a visit to the site.. :)
Hi tyler: No problem..
Peak of the peak,
Answer is NO, they are offering the whole package deal only.
Hi Ken,
Thanks for the info......
:)
I just bought one last unit at level 4 any advise from those senior buyer?
what is the price
$410k
Monkey, corner unit purchased direct from ivory. If from agent have to pay the diffrent by cash & i not really understand abt the name transfer procedue so decided buy from ivory.
Good buy...
Welcome to the peak big family
Welcome!
I bought a balcony unit a few years ago, and I still think that its a good buy!
The Peak is really a very good buy in overall aspect as at now....
:)
any comment on the level 3 units??
Level 4 at 410K.At this point of time I think its rather reasonable as you can see the prices in Penang are shooting up esp.in good location. Which block is yours and how many car park?
As someone mentioned earlier,welcome to the Peak family.
Somebody ask about Level 3.I don't see theres a problem.I was told all 3 block units are sold out except a handful of bigger units available.
John, Blk B with 2 carpark. Is the condo located at good location? I was told the land previously was cemetery land?
Hi,
Just to clearify, the land was not cemetery land. Its a hill. A lot of ppl might mis-understand that the land is a cemetery land, but in fact, it is not. Yes, it near to cemetery, but it still a distance from the site..... Even a luxurious like Fettes Residences also near cemetery (in the sense of within sight distance) but still selling like hot cake and the price keep increasing..... So weather or not it is near to cemetery, I think its very much depend on individual.....
:)
I agreed with Peak of peak.Its a hill land with some durian trees if I were not wrong.Rest assured.Nowadays buying a condo,we definitely need two car parks,one is not enough for sure.
By the way,I got a buyer keen on the Peak condo.
Anyone here wants to sell their unit please let me know here.Price wise must be fair and reflect
the current market.
Anonymous,I was at the property fair recenly and
Ivory staff told me for Blk B,there's only one
unit left.I guess you're the guy who bought that
that unit.You made the right choice,I believe.
Best regards.
anonymous, is your 2 car park front / back style or side by side ? mine is front and back. i heard some lucky buyers got side by side which i prefer. thanks.
ok guys...want to have a quick check, do you guys already get your RM15000 cash rebate?
Hi WPK,
I don't quite understand what you mean.The rebate is for all or for whom and why?
The medium-low cost apartment (Taman Bukit Erskine) behind the peak is open for sales... Its under state government project.......... 650sq ft, 3 bedroom for RM75,000..........
Just for info
Car parks for side by side position are meant for those bigger units like 1750sq ft and above.
I personally feel lucky we have 2 car parks,it doesn't matter whether front & back or what.I got a good friend staying at Tg.Bungah area in a high end condo but with 1 car park,so the wife car had to park by the road side.Imagine, when it rains,so inconvenient.
The new apartment is it behind or beside the peak?
That apartment is not under state project. Is built by developer as is a duty of developer to built low and medium apartment in their housing development project. Developer will then handover to state government for those with low income.
Yes, NEC Andy is right.... For more info, please visit http://www.apartment-penang.com/2011/08/taman-bukit-erskine.html
C, The Bukit Erskine is at behind The Peak, The front is The Latitude. Beside The Peak is hill slope.