Summer Place


Summer Place Condominium by IJM Land is the final residential phase of Bandar Seri Pinang development scheme located at Georgetown, Penang, off the Jelutong Expressway. Summer Place Condominium comprises three blocks with a total of 531 condominium units. Each unit come with spacious built-up area ranging from 1,012 to 1,464 sq.ft.

Property Project : Summer Place
Location : Georgetown, Penang
Property Type : Condominium
Tenure : Leasehold
No. of Blocks : 3
No. of Storeys : 20 & 22
Built-up Area : approx. 1,012 - 1,464 sq.ft.
Total Units : 531
Developer : IJM Properties

1,372 comments«Oldest  ‹Older  201 – 400 of 1372  Newer›  Newest»

March 15, 2009 at 12:40 AMUnknown

go google and call IJM yourself..

 
March 15, 2009 at 3:32 PMprojectupdate

Just want to share my experience for the Summer Place soft lauch yesterday. FYI, i heard that the early people to q up is around 8.30pm friday night 13.3.2009. That's really crazy. However, almost all unit facing pool side sold out. The only left is type A (1464ft2) and Type B (1313ft2). And still a lot of unit available at tower 2 which facing Sg. Pinang.

 
March 15, 2009 at 3:39 PMprojectupdate

I heard that the 1st purchaser to q up for buying is around 8.30pm on friday night (13.3.2009). My friend was q there around 2am early morning. it's really crazy. So, suggested hot sale again for the Summer Place by my friend. All unit facing pool view almost sole out on saturday except for the Type A(1464ft2) and Type B(1313ft2). A lot of unit at Tower 2 facing Sg. Pinang still available.

 
March 15, 2009 at 5:09 PMUnknown

jenny, u must be one of the sour grapes who didn't get typeC, which is the best available units (and sold out now!)

what time did u 'try' to register for a unit? if you come after 6am, you won't get any C.

i would recommend people to go visit their real site, consider the pros and cons, and decide for yourself.

 
March 15, 2009 at 5:58 PMKK88

I'm one of the people who can't get C even though I start queue up at 5.45pm. I can only get D10 which face swimming pool at Tower 1. I think its better to live in Tower 1 because mostly will sold out because facing swimming pool is definitely sold out first and then facing outside can see Penang bridge and other nice view so it can sold out too. If Tower 2 facing low cost flat cannot sell, then Tower 2 will have low occupancy. I hope we can form a good committee after finish build.

 
March 15, 2009 at 6:50 PMUnknown

yes, sales were hot..feel sorry for those who misssed it. u can wait for autumn and winter. so wats next? u mean people are more interested in pool view vs sea view?? how come? weird.. i thougth the sea view can see the bridge and THE LIGHT.??

 
March 15, 2009 at 7:49 PMKK88

I also want to see The Light. But all sold out before we can do anything. There's some unit further towards Tower 3. But its number 4. I scared cannot sell later. And another problem is, it is facing Southwest + near to Mosque. I scared it is loud and too hot in the afternoon. After buying such nice condo with such nice facilities, I want to feel good looking at nice stuff instead of looking at low cost flat, hot, and noisy environment. But I'm sure the view at Tower 1 facing outside is nice. It should be sold out anytime soon.

 
March 15, 2009 at 8:50 PMUnknown

No,I didn't missed the type C as you said.Just dun want to at the end despite offered many for free.Yes,type C (C9) in tower 2 is the best in my view because I am living in a unit facing the same panorama as SP.I congratulate to those oledi got their dream wishes discarding -ve points around the SP. I have been there to visit the office by 5pm on last Thurs then again checked out how many people queuing up late night by 1 am on the booking day. Not many (around 30),but the first to about 10 persons in the queue is Bangla (maybe hired by the same boss)the rest chinese and a pair of malay. I can go there and sure got my target in time before you. Just turn me off is the sound of azan everyday, smelly river and social problem based on my experience. Traffic jam,for those parking cars go to mosque and to two schools to-be-built,will only add aches...yes everywhere does,but this double up. If you are fine with it,go ahead...Dun bother what people said like me. It's my view only.

 
March 15, 2009 at 10:25 PMUnknown

hi all

 
March 15, 2009 at 10:26 PMUnknown

i had placed my booking at tower 2 unit D as well. However, i am wondering that with the tenure of leasehold, whether this is a good investment??

 
March 15, 2009 at 11:09 PMUnknown

Hi Jenny, It was raining cats and dogs at 1am that day. Too bad you did not buy a unit. Waste your effort to go there in the rain.

Anyway, I got a unit facing the ferry. Did not buy unit facing the bridge because of the evening sun. Very very hot.

 
March 15, 2009 at 11:20 PMUnknown

facing ferry means facing river? smelly wor i heard..and view also so so nia..

hot is ok, cuz IJM use red brick ,so not too bad, and nowadays , u can use the silver type of reflective curtain which is pretty good at shielding off heat..
at least when u sit and dine at night, u can look out to the beautiful THE LIGHT and bridge view ma..hehehehe

I still don't understand why ppl wan the pool facing units, cuz its no different than any other normal condo facing the pool! i thought ppl chose summer becos its one of the few condos near factory/town that faces the sea just next to it??

 
March 15, 2009 at 11:24 PMUnknown

ok, i kenot tahan dy, those who wan to know the price, PLS CALL 04-2961288
and no, i am not iJM staff, just trying to minimize ppl asking questions on the pricing when they can call themselves ..haha

 
March 15, 2009 at 11:42 PMKK88

When you're eating in dining room, I doubt you can see the bridge because SP is facing Southwest. But you can see some building or dumpsite la. Or maybe the coastal highway. Nevertheless, its nice too :)

 
March 16, 2009 at 12:19 AMUnknown

har? so cham ah? see dump site only meh? i went to the site before and it seeems like the window leads directly to the bridge and the light wor

taz why C9 finish fastest that day.

KK, why ppl wan swmming pool view so much /and pay 10K extra for that??

 
March 16, 2009 at 12:21 AMUnknown

Jenny didn't know after 3am, the queue became 50++ and after 8am, became like 100++ hahahaha
else she would have jumped to buy one liao

 
March 16, 2009 at 9:37 AMUnknown

High level units (above level 10) facing the ferry should be ok. No smell and nice view of ferry.

 
March 16, 2009 at 1:16 PMTM

I have the unit facing jetty/butterworth also. Went to the site there is no smell for the river, some more the price also lower compared to facing penang bridge and swimming pool.

 
March 16, 2009 at 2:26 PMUnknown

C sold out, D only bad facing remain (pool side sold out), A tonnes remaining, B too much remaining..

 
March 16, 2009 at 3:11 PMgim

agree with Ooi, i stay beside sungai pinang now-taman kilangin. but there r no smell.

 
March 16, 2009 at 3:26 PMLeo

No offence but may be Ooi and Gim used to the smell. :-)

I que up as early as 2.50am but already number 38. Luckily manage to get 9floor tower two D12 facing swimming pool and some penang bridge. One reason ppl choose pool view because the pool will be light up at nite and provide a good nite scenery.

 
March 16, 2009 at 3:37 PMHollandRose

Really can see the ferry? Not blocked by Apartment Pelangi meh?

 
March 16, 2009 at 3:46 PMTM

If you take Unit 4 or 5 it should still allow you to see the butterworth view. you should visit the site at night probably around 7-8pm and walk thru front promenade, the view not bad. But becareful if you are lady or go alone as the promenade still not fully open yet.

 
March 16, 2009 at 4:25 PMMason & Aedellyn Accessoires

heard is not as hot cake as the spring... and the staffs and service were very hostile!! ijm jatuh standard...

 
March 16, 2009 at 5:05 PMUnknown

I was there and NO, the staff were very nice to us. Even gave us free chocolate milk and sandwich leh. Sum more got free breakfast served after 9am, nice popiah and kuih and etc.. :)

where got not nice? were u actually there or not? dun simply say man.. all of them were very helpful to us

 
March 16, 2009 at 5:39 PMHollandRose

To "house"

Please tell me what day you go there. I was there this few days and there is no such thing.

I just bought a unit. Found out that the IJM sales very Lan Si. Before you make the payment, everyone will serve you kao kao. After the deposit is made, all kind of the pattern came out liao.

Unless he is your sales person, or else nobody will entertain you after you pay for the deposit. You cannot ask the other salesman to help you, or even asking a very simple question like "What is the maintenance fees for the Summer Place?"...

They refused to answer me and ask me to check with my own salesman. Diu! Can't get my commission also no need to be so Lan Si la! This is just a very simple question nia, not asking you to run here and there and check with the master plan. "RM0.xx per sq ft" takes you 3 seconds nia, also refused to answer.

If not believe, you all can go to tell them you have bought and then ask them a simple question and see...

This is the first time & also will be the last time buying from IJM. I will NEVER buy from IJM again... Tulan!

Btw, the promenade on the site is very nice. Encourage to all the buyers to go there to have a look. Another thing is that IJM panel decided to have all flat rate on the loan. Standard BLR-2.2%. No need to do much comparison, except for the bank service nia. But not enough to bring me away from the bad impression of the IJM salesman.

 
March 16, 2009 at 5:54 PMUnknown

Hi Holland Rose,

I am from other developer, I think IJM prohibited their staff to serve other sales person's customers, thats many developer do that.

You should directly ask your sales person cause they know you better.

 
March 16, 2009 at 6:02 PMUnknown

Hi Holland Rose,

This is not lansi, this is PRO_FE_SIO_NAL la! u kenot serve other customers who are handled by a specific agent, that is called 'giu cheong keok' hahahaha.

i was there on the lauching saturday night la. line up till 7am ++ then they started giving freebies to help my ailing stomach:)

the sales person is very nice, its a 'she'. she served me nice nice, showed me which unit still avail tru the glass door as i was still lining out there, when i came in, she helped me booking, payment, etc.

after that, i went there today (monday) to see her to ask some questions, she spent time to answer all Q n A i had, even at the expense of losing other potential buyers (today lunch time, that place A LOT of ppl looking again, its HOT property!)

so tell me, why not nice? it must be a bad hair day for you haha

 
March 16, 2009 at 6:07 PMHollandRose

Hi Steve,

I am not sure why they are doing this. We are buyers, and we don't care about the interest conflicts among IJM staffs. We just want to best service from them. That's all we need.

Anyway, I did went to the river side and found out that it is not smelly as we thought.

 
March 16, 2009 at 8:29 PMKK88

Check out the map with the link below. If you look from inside your house directly to outside, you'll look directly to dumpsite mah. Where can see bridge leh? Remember that you're facing Southwest. Not south.

http://wikimapia.org/#lat=5.3964189&lon=100.3328133&z=16&l=0&m=a&v=2&show=/10601600/Summer-Place

 
March 17, 2009 at 9:10 AMKK88

Just in case if you guys confuse why facing bridge cannot see bridge, actually can see bridge at balcony. Just that I'm replying to House comment that he can see bridge from inside the house looking outwardly. But its great view nonetheless. But important is great IJM quality and hopefully the management is strong. Looking forward forming strong JMB committee.

 
March 17, 2009 at 12:07 PMHollandRose

Hi house,

I think I know the sales person who served you. She looks really nice. I have to admit it :P

Tower 1 Type A corner unit will have the best view, ferry is on your left & bridge is on your right... I recommend it if you don't care on the price.

 
March 17, 2009 at 2:15 PMUnknown

Hey, That sales lady is married and already have a 6 year old kid. Sorry, no more chance...

 
March 17, 2009 at 2:36 PMKC

RM273,000 for a lease hold condo on a reclaim land and/or landfill is NOT cheap.

Remember "The Spring", many of the units were booked by insiders before launch. Now, they are stucked because there is no buyer. Let this be a lesson for "The Summer Place" speculators.

Next, IJM is going to launch the supercondos nicknamed "The Big Winter Chill".

 
March 17, 2009 at 2:53 PMUnknown

dun wan la.. wat for pay so much, A too expensive, no good for investment. type C is DA BEST!

 
March 17, 2009 at 2:54 PMUnknown

eh, i was just saying her service was good, what 'service' do you think i was referring to? teruk :P

 
March 17, 2009 at 6:02 PMpenangite

Why rushing to buy this condo where there are lot of choices around?

Coming project: SP Setia's Reflection and PDC Mutiara Pisa....

 
March 18, 2009 at 10:02 AMchinatown

Hi all, just wondering why you guys so rush and eager to get one without considering the surrounding and pricing!!!

There are tonne of choices you can choose from with this price. Don't b fool by the advertisement.
>RM 300K is not cheap, at least for me, buyers should have the final say not IJM.

 
March 18, 2009 at 10:22 AMUnknown

sure ppl are considering all the choices before make the desicion. at least, ppl believe in IJM brand and quality delivery. a lot of developer keep on delaying on project and quality is not guaranteed, that y ppl willing to queue up as early as 8pm during soft launch.

you can go for other project, no ppl force you and somemore no need to queue up overnight, but i believe that is the ijm track record that attract the buyer.

 
March 18, 2009 at 10:35 AMUnknown

i booked one unit dy. now looking for loan.

 
March 18, 2009 at 11:05 AMLeo

FYI, Mutiara Pica pricing from 350k n above. Banyak mahal n PDC have history of delaying project.

 
March 18, 2009 at 11:07 AMLeo

Nang, which bank loan is the best choice as I am looking for one also.

 
March 18, 2009 at 7:00 PMKK88

Went there just now. Tower 1 is at 14th floor now. I just wonder if Tower 1 complete first and they start to ask us for money??? Further more, Tower 1 have the most buyer. I think the lift/facility of Tower 1 will breakdown first due to high usage compare to Tower 2.

Anyway, I go to Pinang Court 10th Floor to survey the scenery that Summer Place can see. Facing bridge one will see full bridge view for Tower 1. For facing jetty of tower 1, it will see Jetty at least at your right. Can see ferry movement from Jetty to and fro from Island. Nice. Sorry to say that those facing bridge one will be a bit hot. I saw the low floor, the sun can go into the room. But after sun down, great view can be seen. Not everything is 100%. Nothing is perfect in this world.

 
March 18, 2009 at 9:03 PMUnknown

I am applying the loan from EON. The package they offer is up to 95% from the housing price and MRT can included as well. It is a good offer if you do not have so many cash in hand

 
March 18, 2009 at 9:29 PMUnknown

Is there any mosque will be built next to tower 1?

 
March 18, 2009 at 9:36 PMKK88

May, Maybank only give up to 90% with MRTA. Without MRTA only can borrow up to 95%. Does anyone got Maybank? Or my salesperson tell me wrongly that all other bank also the same?

 
March 18, 2009 at 9:49 PMKK88

Ok, I call up Maybank officer just now. They said can try 95% + MRTA but they said might be harder. LOL. May I know what happened if I need to appeal the loan and it passes 14 days? Will IJM cancel my booking???

 
March 18, 2009 at 11:13 PMUnknown

KK88,
I was told by the EON bank branch manager that they can offer up to 95+5%. This is the reason i am applying loan from that bank even through few branch in pg. You can contact the branch manager, Mr Yeong by 016-4213066

 
March 19, 2009 at 12:45 AMsue

hi i am SP Project Panel Banker. We are offering interest rates of BLR-2.2% for the whole tenor.You may email me at ssuzanna@hotmail.com or call me at 04-2206888

 
March 19, 2009 at 2:46 AMUnknown

House,I am really surprised...why you let go of the unit C? I recalled not long ago you teased me being a loser not buying the C. I guess you probably want to jump from SP to Mutiara Pica or juz found out the truth behind SP by yourself? Yes or no,better not too late before you sign the S&P.

 
March 19, 2009 at 2:52 AMUnknown

Yes Min Lang, a huge mosque (probably as big as a mosque size in Tanjung Bungah) will be built less than 500 metres from SP and will be the buyers' neighbour.

 
March 19, 2009 at 7:56 AMUnknown

hi

 
March 19, 2009 at 8:51 AMKK88

May,

Thanks for the number.

House,

Why so fast letting go? Any reason for that? If you know something we don't know, hope you'll tell us. By the way, which floor and unit is that?

 
March 19, 2009 at 10:32 AMUnknown

min lang,

yes, there'll be a mosque pretty near to apartment according to the sales person. if you know where lot28 shops are, the mosque is behind the shops.

 
March 19, 2009 at 11:52 AMChristine

hi house, any particular reason for letting go? please share with us.....is mutiara pica a better choice?

 
March 19, 2009 at 3:00 PMJJ

The mosque is fine. My apartment is currently near a mosque too, sooner or later, you will be fine with it.

 
March 19, 2009 at 3:31 PMUnknown

harlo. i have a typeA block 1, facing jambatan, 15-19 level, 5k early bird discount, anybody interested? letting go too.. can't afford to buy it now..

 
March 19, 2009 at 3:35 PMUnknown

Hi all. Pica has a nice and convenient location but the price is high, especially for a 1-car park. Units facing the highway are not desirable, while those facing the sea will be more expensive as higher floors are needed. Not sure how much to pay per floor. Also, PDC is indeed well known for delays. Look at Ixora, I nearly bought a unit, but decided not too as most of the good ones were sold. Pity those early buyers. Relections is also expensive, no view as well, most probably seeing the kampung and some may even see the graveyard. 1-World seems cheaper, nice location, but on commercial title, meaning all utilities bills are more expensive, as well as quit rent and annual assessments. But, the recession is actually good for buying properties. Enquired about Summer Place 6 mths ago and it was RM300/sq ft. Now its starting at RM273/sg feet, so more than RM20K in savings. Unfortunately, most of the good units are gone during the recent launch. Sigh...

 
March 19, 2009 at 4:13 PMChristine

I heard there will be a church at that side too....with the church, is the mosque will be more bigger?

 
March 19, 2009 at 4:15 PMChristine

With the freehold, the price getting higher and higher....so sad...where else we can stay?

 
March 19, 2009 at 4:51 PMUnknown

Liza, I fully agree with you. Now is the best time to buy property to hedge inflation.

Just beware that you but good projects and IJM have a reputation to deliver good quality condos.

 
March 19, 2009 at 4:58 PMUnknown

I guess having mosques around residential area is quite an inevitable thing. According to the first few news on Mutiara Pica, it was already announced that they'd be building a mosque nearby too. We're living in Malaysia, and having mosques to cater for Muslims is a neccesity. :)

 
March 19, 2009 at 5:25 PMUnknown

Yes. there will be mosque n school at bayan mutiara. gov will not approve the plan if dun hv mosque n school i think.

The Bayan Mutiara development, which is sited on a 40ha site, will boast of high-end homes, affordable housing units, schools, a mosque and a government administrative complex, including the State Legislative Assembly building, when completed.

 
March 19, 2009 at 5:57 PMLeo

I totally agree with Lisa, just look at Ixora as example. I also almost bought Ixora last time. I personally send email to PDC marketing and ask about the Pica. The price start from 350k which mean it should be the cheapest and lowest floor facing highway. If I just use simple calculation example from Summer Place, 350K + 15k (Facing sea) + 18k for additional car park + 10k (10floor with each floor 1k) = 393k!!

Take note, the price above is only my personal assumption.

 
March 19, 2009 at 7:22 PMUnknown

yes, mosque is everywhere, just need to accept the fact. spend some money to do sound proofing lo.. 10K like that can do dy

 
March 19, 2009 at 8:36 PMKK88

Wow, just receive mail from IJM to sign S&P 7 days after the date in the registered mail. And the date is 16 March. 7 days I assume is business day which is 25th March. If its not business day, then I have to sign S&P on 23rd of March. Wow, that's not even signing S&P within 14 days from what I heard. Is IJM scared that we waited and then cancel the booking??? :P

 
March 19, 2009 at 9:44 PMTM

Pica and Reflection definitely will not be cheaper than RM300k. Whoever bought the Summer Place should go to the site and check it out. The lot 28 shop office was 60% done. If the Lot 28 all been occupied by the business like restaurant and etc...then the promenade should be happening that time...this is just my own thought.

 
March 19, 2009 at 9:59 PMUnknown

comparison for full facilities condo:
summer place - 273k onwards, leasehold, 531 units, 1012sqft onwards, 2 carparks, 2011 completion
mutiara pica - 350k onwards, freehold, 428 units, 1200sqft onwards, 1 carpark(20k for 2nd carpark), unknown date completion
reflection - 338,880 onwards, freehold, 350units, 1048sqft onwards, 1 carpark, unknown date completion

 
March 19, 2009 at 10:04 PMUnknown

u guys need to understand more about PDC background before you taruk them..its not like wat u think. go talk to the sales rep for details :) it has somehtng to do with the govt

 
March 19, 2009 at 10:34 PMKK88

Wah, seems like House is going to buy Mutiara Pica soon.... lol

 
March 19, 2009 at 11:33 PMprojectupdate

My friend and i receive the notice from IJM too today. As KK88 say, we need to sign S&P 7 days from the mail. Wah, so efficient from IJM about the S&P document. By the way, my friend and i still rushing to get the loan this few day. Hope our loan can be approved by next week. Ha,ha... otherwise, IJM will sold our unit.....

 
March 20, 2009 at 12:01 AMprojectupdate

Anyone of you getting approval for your loan?

 
March 20, 2009 at 12:15 AMKK88

Chai Yun,

My loan just got send today (told by my banker). And my colleague also change something today in his loan. Anyway, I doubt IJM will sell our home if we unable to sign SAP. How to sign without loan wor?

 
March 20, 2009 at 7:49 AMTM

I bought tower 2 and still not receive any mail from IJM yet. I am waiting for my loan to be approve also. I am borrow from Maybank.

 
March 20, 2009 at 9:34 AMUnknown

Just contacted my agent to confirm on the SAP due date. According to her, the letter we received is just an official letter of offer, and the 7 days is mentioned for the sake of some ISO thingy. The signing is due END fo this month. But if you plan to delay it for another 2 weeks or so, better inform IJM, abo house gone already oso dunno what happen. Ohh, oso heard from IJM that price is increasing next month!

 
March 20, 2009 at 10:30 AMBryan

Hi, Timmie,

Lot 28 is at Sg. Nibong..... what to do with Summer Place? If there any other Lot 28????

 
March 20, 2009 at 10:54 AMUnknown

I also spoke to the Setia Island people, so means i will buy Setia reflection also?

 
March 20, 2009 at 12:23 PMUnknown

Spoke to my agent today. Confirm that the signing of S&P by end of the month. IJM will still sell at the current price at the upcoming property fair in Pisa (27-29 March), because the remaining units are not that desirable, mostly units 1-4 Tower 1 & 2. Next month, the prie will be increased, not much, RM 8K. Also, the queue is long, many are waiting for withdrawal. Once there is a unit that is withdrawn (maybe due to unapproved loan), it will be open to the public. Thus, those who could not get a unit during the soft launch can still do so later. But, personally, I believe those who manage to get a good unit will not give up that easily. Most probably they may opt for a lower loan and fork out more deposits.

 
March 20, 2009 at 12:42 PMUnknown

I am at Tower 2 8th floor facing jetty...my concern is whether the dump site will affect my house view and even the smelly rubbish affect house?

 
March 20, 2009 at 1:02 PMUnknown

i already book for tower 2 8th floor, currently still not receive any letter or email from IJM to sign the S&P.
My unit is facing jetty view.
my concern is the dump side will be very smelly.....

 
March 20, 2009 at 1:13 PMTM

Bryan, you may go to the Jelutong Express highway pormanade to check out, there is Lot28 shop house develop by IJM. It almost 60% done. When you go straight, till the promenade, turn left, walk down further, you should see the shop lot there.

 
March 20, 2009 at 2:01 PMKK88

Hanson, the dumpsite you referring are near Spring is it? I went there a few times. The dumpsite smell is until OceanView only. I never smell anything at Summer Place. I'm sure Summer Place is better than the Spring in terms of dumpsite. But I also pity buyer in Spring. Hopefully the dumpsite can shift soon and they get OC soon.

 
March 20, 2009 at 4:36 PMUnknown

kk88, i hope what u say is true as my unit is facing the sungai pinang and jetty view.
I really do not hope later i need to get use to the smell when i move in...hahaha...

 
March 20, 2009 at 4:38 PMUnknown

one more thing i do not really satisfy is the traffic around summer place...i can foresee it will be quite jam during go to work time and off working time....summore a lot of cars are parking on the road side....

 
March 20, 2009 at 6:05 PMKK88

hanson, you bought facing Jetty one at Tower 2? That side one got not many buyer. Maybe they don't like to see the low cost flat.

By the way, I've received call from my agent. He said that 25th March is the due date for signing S&P. Wow, IJM really efficient. Maybe they want to sell the unit during Property Fair.

 
March 20, 2009 at 6:57 PMLepat

actually i went to google earth to understand the location of this condo...but cant quite figure it out because from the map in the brochure, it looks like IJM is going to straighten the sg pinang river mouth but if you look at google earth, that piece of land looks a bit slanted.
if they straighten it, then i think tower 2 would have a good view of the jetty/sea...if not, the view looks straight to the pelangi apts..
can anyone confirm this?

cheers,
lepat

 
March 20, 2009 at 8:45 PMChristine

hi, i had been to the side and sungai pinang is jus beside the condo, it is smelly. Went to Pinang Court(11 floor) to do the survey, the smell is going up to that place too...probably IJM will do something on the smell....

 
March 20, 2009 at 8:50 PMKK88

Can anyone go there to survey the smell? Because I can't smell anything. Maybe my nose got problem. Or maybe the smell is after raining.

By the way, is the a road access in front of Lot28? If yes, then we don't have use the heavy parked road at those low cost area.

 
March 20, 2009 at 10:54 PMUnknown

smell is stronger during the evening and night. during hot day time, there's isn't much smell.

 
March 21, 2009 at 2:23 AMUnknown

Smelly...dumpsite...low cost flats...sun...mosque...you guys never stop talking about dis thing everyday. If you are very concerned about dis then why bother to buy there? Let you know,pasar malam will be set up around DP and PC every Saturday. So one road leading to SP probably blocked. Dun worry, there is more roads you can use to access back home. About smell thing,dun you know that Sg Pinang is one of the 10 most polluted river in Malaysia? That why many low cost flats built dis area knowing low income people has no choice but stay there cannot complain anything. One another example, why so many low cost flats also set up in Paya Terubong? Rubber factory...

 
March 21, 2009 at 9:36 AMKK88

I got one question. IJM said no need to pay until completion. What does the completion means? Is it until VP/OC? Or earlier than that -> after finish paint the building?

 
March 21, 2009 at 6:07 PMGreg

KK88, it shud be upon VP.

 
March 21, 2009 at 8:43 PMKK88

Ixorian, thanks for the answer. At least, I don't have to pay interest while waiting for OC like Spring.

 
March 21, 2009 at 10:42 PMUnknown

As the buyers queue, eat. shout oblivious I noticed that a new model was displayed next to the SPlace Model. It shows 2 tall towers Pg Sohos and a saleman when asked sd its the new Maritime Plaza to be launched soon. Hey Jenny knowall is this on lot 28? I think only where there is an 6km esplanade or promenade there must be some tourist facs. I walked under the Jelfwy and saw some pontoon wharfs and was surprised th the wharf waters were so clean and the old smelly creek of the 90's is gone. Hope they cleam up Sg Pinang like they do the Tebrau in JB.

 
March 21, 2009 at 10:44 PMUnknown

there was a model next to the SumPl model.Its called Maritime Plaza with 2 towers called Pg Sohos. Ys it on Lot 28?

 
March 22, 2009 at 8:47 AMKK88

Sg Pinang will be cleaned up in 5 years and cost RM150mil
Sunday, 22 March 2009 07:04

(TheStar) GEORGE TOWN: Sungai Pinang, one of the seven most polluted rivers in Malaysia, will be clean enough to swim in about five years and the cleanup will cost RM150mil.

But before that, 300 families living by the river would have to be relocated, said State Drainage and Irrigation Department (DID) director Hanapi Mohamad Noor and this is expected to take two years.

“Once that is done, we will start the rehabilitation works which will take three years to complete.

“The entire project will cost RM150mil,” he told reporters after a 2km tour along the river by boats on Saturday.

Also present were state executive councillors Phee Boon Poh and Law Choo Kiang, Datuk Keramat assemblyman Jagdeep Singh and Sungai Pinang assemblyman Koid Teng Guan.

Hanapi said Sungai Pinang was one of the seven most polluted rivers in Malaysia and had was so polluted that it was once deemed Class V with no marine life before the first phase of its rehabilitation, costing RM20mil, was completed in 2007.

Now the river had improved to being between Class III and IV.

On the relocation of the families, Hanapi said 129 buildings comprising 118 houses, six shops, three stores and two temples and would be affected.

“The state government is working out on the compensation plan for the relocation process,” he said.

Hanapi said the second phase of the river rehabilitation would include building of retention ponds and interceptor drains and installation of gross pollutant traps to increase the river water quality to Class II, increase the river’s biodiversity and turn it into a water source and tourism product and beautification work.

He said a study on the cause of pollution showed the wastes and rubbish found in the river were ‘man-made’.

Law said there was certainly ‘a lot of’ room for improvement after the visit.

“I have told the relevant authorities not to hesitate to take action against those who flouted the rules and regulation by throwing rubbish into the river.

“They can just act according to the law,” he said.

Law said he was shocked to learn that more than 120 metric tonne of rubbish and wastes were scooped out from the river annually.

He urged those with information on river polluters to come forward so that action can be taken against the culprit.

 
March 22, 2009 at 11:23 AMUnknown

I bought a jetty view unit. I go to pormanade few times already and there is no smell come out. It will become more perfect with the carrying out of the Sg Pinang clean up project.

 
March 22, 2009 at 11:44 AMCereal Killa 2011

Wow..even in this economic climate, you can find desperate speculators..signing up on launch date and trying to pump it off the following week. Ironically, these are the very few who will start introducing other projects instead. Impressive!

 
March 22, 2009 at 3:34 PMUnknown

hello.. i am coming

 
March 22, 2009 at 6:20 PMTM

RRR, you have purchase the unit also? Welcome to The Summer Place.

 
March 22, 2009 at 7:16 PMKK88

Do you guys think that there's another access road for Summer Place at the Lot 28? So we don't have to go through all the jammed up low cost flat?

 
March 22, 2009 at 8:22 PMwick man

Every Saturday the ( Pasar Malam )will start to block the traffic. Now the traffic there is trouble plus ( Pasar Malam ) I can't imagine what would happen.Almost a thousand units low cost not yet move in the traffic already so bad , I think we should make a complain to Penang State goverment to stop the ( Pasar Malam ).

 
March 22, 2009 at 9:28 PMKK88

Victor,

Road to Summer Place have no jam.

http://www.ijmland.com/our_projects/residential/summer_place/pop_location_map.html

We're using the road in front of Lot 28. :)

 
March 22, 2009 at 11:56 PMKK88

Isn't it nice to drive along Promenade when going back home? I believe IJM already planned everything for us. All you see when you go home is the nice thing like Promenade and Lot 28 and those three storey home. :)

 
March 23, 2009 at 12:55 AMah`chuan

how much is the soft launching price for type C ?

 
March 23, 2009 at 10:20 AMUnknown

where is the pasar malam ?. I go to there on Saturday but I can't find any pasar malam.

 
March 23, 2009 at 10:55 AMKK88

I think soft launching price for C is about 330k. If got Pasar Malam is good. I like to go to Pasar Malam. :)

 
March 23, 2009 at 2:11 PMUnknown

Victor,pls dun be rude asking SP buyers here to get rid of pasar malam there by making a complaint to DAP. U shud be clearly ustd dat SP is suitable for those dun mind mixing up with "low-class" neighbours,not for money-making minder or for those with first class up-bringing. U cannot expect the place going to be d second-alike Gurney 100% perfectly free of "rats". You shud properly read +/-'s before decide to buy SP unit.No one force you. Penang not belong to you only but shared by all walks of life.

Pasar malam not bad,it has a role to help financing low cost flats for those failed to settle mounting debts such maintenance fee,sampah fee etc. W/out it,the flats will be turning into second-born Rifle Range and sure will affect the SP price in future. Even newly-built Kheng Tian apt under famous developer,Belleview also welcome it! (FYI,KT n Harmony View actually d LMCs,juz pity d residents ve 2 fork out more to have "facial make-up"externally juz to help jaga muka Belle)

D another role is to cater (mostly)LMC folks, to help them save more money in pocket. Enjoy cheaper food and goods too,example item A Prangin Mall price RM5.90 while here juz RM2.50 so you can have 2 order set:)Ok, nite mrkt opened already last Saturday. From what I was informed so far,it ll be relocated to be in front of SP gate once SP is completely built. The present is juz temporary.

You know, a school will be built on the same road heading SP, about 200 metre away. Still another one more school next Nautilus Bay area using main entrance road from Jelutong Highway. Add up with a big MOSQUE, mamak style shops,other unseen concretes sure you need to get use to traffic jam everyday. Yes, Maritime Square/Plaza will be set up facing d Mosque and Lot 28 so SP buyers no need to worry having eye-sored dumpsite view directly.

About the most conversed thing,smell. If DAP is there next election,the objective hopefully will be met as what KK88 posted above. BN government really teruk,bina sedikit "taman circus" not benefiting voters but instead paid contractors a bulk of hundred thousands ringgit masuk pocket begitu saja dengan duit tax-payers. Good instance,Tengku Kudin roundabout,Pinang sculpture in front of immigration dept. You SP buyers juz need to pray harder to keep DAP on helping you get the river next to SP clean always:)

 
March 23, 2009 at 2:36 PMUnknown

I do agreed that there are just too many low cost unit built in the neighbourhood. The place look like Rifle Range environment or Macallum Street = low cost environment. Drive to that place in the evening and you will see what i mean. Still a lot of cars parking by the roadside, shoddy figures moving around = foreign workers and etc. Ya, no lifestyle envirornment. Roadside burger store and etc even right infront of the expensive Nautilius Bay!

 
March 23, 2009 at 3:43 PMUnknown

i think the road that u mention is the existing road which leading to ocean view and those low cost flats. there will be another new road which link to summer place and lot 28, so it should be fine.

for me, i will choose between mutiara pica and summer place.

 
March 23, 2009 at 4:17 PMUnknown

TQ Nic. I choose 1-World due to affordability. Mutiara Pica is still on my preferred list but not within my budget. Thus I settled for 1-World. Between Mutiara Pica, 1-World and Summer Place. The environment of MP is best, followed by 1-World and then Summer Place. Because 1-World is sitting on commercial title, it does not have mosque, surau or low cost components.

 
March 23, 2009 at 4:44 PMUnknown

for me, the main factors i consider are
1) location
2) freehold/leasehold
3) residential title/commertial title
4) swimming pool n other facilities

obviously, mutiara pica meet all my 4 requirement, so it comes first, but the price abit expensive.

2nd choice would be summer palce because it meet 3/4 of my requirement, the only thing not meet is leasehold. summer place location is near to town and access to bayan lepas also convenient thru jelutong highway. mosque is fine for me as it is not directly next to the condo and for low cost, as long as the ppl staying there is human not alien, then ok. haha.

for 1-word, obviously it not meet any of the factor that i require. do i dint consider it at all. location wise, it only good for ppl working in bayan lepas, so it is not in my list.

 
March 23, 2009 at 4:55 PMUnknown

although in the one project, there is no mosque, but there 1 a big mosque nearby which is next to sunshine, so i dun think u can escape from it since this is malaysia.

swimming pool is another factor i consider, thay why i am not considering the spring as well.

 
March 23, 2009 at 5:09 PMUnknown

Very much depending on demographic. For me, after residing in Bayan Lepas for the past 10 years. I would say that this place is definitely a self-contain area. Working in Bayan Lepas, 1-World is definitely my pick. Although Summer Place is served by the highway, it is still very congested when everybody commute to/fro work everyday. Not spare this inconvenience at all. 1 last factor is that it is built on reclaimed land - subsidence will happen no matter how well done. Check it out on the other development i.e. Seri Tangjung Pinang by E & O. Those completed house still have cracks reappeared after two years. Development on relaimed land would not be spared this risk now neither in the future. That's why BEST BET IS STILL ON SOLID GROUND!

 
March 23, 2009 at 5:12 PMUnknown

Anyone get the Maybank 95% loan approve?

 
March 23, 2009 at 5:17 PMUnknown

Any SP buyer get their loan approve yet? anyone get 95% loan success? which bank?

 
March 23, 2009 at 5:24 PMUnknown

u stay in bayan lepas, so u will choose back the area. same to town area ppl, jelutong/town area ppl will prefer summer place location than the one location, it is much convenient for them. i am using the highway everyday, it is not congested, u will know wat is so called "congested" at greenlane road.

for reclaimed land, dun think it is a problem for me, as gurney, bayan mutiara also on reclaimed land, beside bandar seri pinang.the most important is how the developer goin to develop that place. frankly speaking, i hv more confident on ijm, E&O and sp setia than ideal. because there is lot of -ve news on the ideal developer, prefer not to take the risk on the issue such as delaying, quality and so on...

 
March 23, 2009 at 5:33 PMKK88

I've got my loan 92%+MRTA approved. My banker told me that 95% hard to approve. So 92~93% is limit.

 
March 23, 2009 at 5:42 PMUnknown

true but this brandname developer is selling at the price that cost a bomb. no place for medium class wage earner. so far, although ideal record is not that impressive. the past project developed by them still give good returns. e.g i-Suria has appreciated by 30% from the original selling price, i-regency now also at close to 20%. the commercial development by them give even a better yield i.e 9% on rental and also almost all the units developed by them is fully occupied cos of its strategic location. what more can an investor asked? CSA used to have complaint on poor quality work but still their investors follow them as they make money out of it no matter how bad they complained on the developer. The Spring investor suffers this time because how on earth are these ppl gonna sells their stock when Summer Place is selling from 273k onwards. My friends who invested in 2 units of The Spring cannot disposed off his units now. My nephew bought 1 unit at 265k hoping to profit then, which is now unlikely. Penangite always prefer to buy outright from developer rather than to let ppl gain unless secondary market is very attractive. I am sure i can sell my unit at 1-World and profit at least 10% when i existed i.e. 240k selling at 265k on completion! Talking about location for Georgetown ppl, then The Breeza is a better buy. Locational advantage, land price in Tg Tokong has the +++. Moreover the land is already landfilled more than 15 years ago....

 
March 23, 2009 at 5:42 PMUnknown

Hello Summer gang.. i donno whether u all thought tht buying Summer was just like buying a RM0.30 or RM3.00 of cake..
Bro.. RM300K.. pls wake up..
Be frank, the Summer project has many weakness as well as a bit of advantage only.. so pls do not say like it was just an HEAVEN..
Just wait n see how ur Summer pricing able to increase after the construction being finish..
Pls do not do daily dreaming always..
hahahaha..

 
March 23, 2009 at 5:51 PMUnknown

leasehold, many low cost house, many vietnam ppl, smelly longkang beside, not so good outlook and structute.. where is the formula.. pay RM300K for just a sea view with many disadvantage behind..


Yes admit, location in term of area is good.. but the place to build up this condo was not an actual land.. beside, the condo was too near to the sea.. maybe the ppl buying there wanted to volunter in recycle the electrical white good business.. hahaha..

Summer buyer was very rich.. so pls do contibute morelar..

 
March 23, 2009 at 5:51 PMUnknown

KK88, i agreed that 95% loan is difficult due to risk. Can you imagine if the mkt sentiment got worst and the price drop further. Buyer may just walk off forgoing their 5% and then wait for an opportunity to buy back at lower price. It could happen and bank not willing to take the risk. Common also to see condo/apartment price dropping more drastic than landed property.So S.P Setia 5/95 for landed property is feasible but definitely not for highrise category.Lucky to have 92-93% financing.

 
March 23, 2009 at 6:02 PMUnknown

KK88,

which bank u apply? u apply for 95%, then approved 92%+MRTA?

 
March 23, 2009 at 6:19 PMTM

I think whoever that bought the SP should have their own reason and also they must be not much care about those smelly river, congested traffic and others & others factors. I bought there is just because of IJM and i feel that i am comfort with all the -ve point that alot of forumers mention above. I do believe other purchaser should have the same feeling.

 
March 23, 2009 at 8:08 PMUnknown

if 1-world is freehold , residential title and got swimming pool,i will consider it althogh it is developed by not so wgood record developer-ideal. but it is not, so no choice, hv to go for summer place or mutiara pica. at least, live more peaceful, no need to worry this n that.

 
March 23, 2009 at 9:39 PMKK88

Captain, its Maybank. I apply 92%+MRTA and got approved. By the way, why so many -ve people bombarding us??? :P Don't la. Everyone have their own reason to buy. If you don't buy, don't be angry. There's other place to buy also. And thanks for the -ve point. At least we know more before signing S&P soon.

If anyone know anymore bad point, please bring it up. I want to know la. Sometimes, its good to listen to bad point.

 
March 24, 2009 at 12:43 AMLeo

CL,

Even 9 month back before SP is launch, the price had been targeted to be to rm250 and above per square feet (info can even get from the oldest SP comments). Don't talk like the SP caused your friend or your nephew to loose money out of sudden and with surprise. They should have study upcoming project pricing before invest on The Spring. No one to be blame but blame on their own greed hoping to have high profit.

Regarding 1 worlds, I agree the project is good and should not be any problem for the value to appreciate upon OC. If I have enough capital, I would invest on both SP and 1 world as I feel both also have very good potential.

Thx

 
March 24, 2009 at 12:55 PMKK88

Just now I went to IJMLand office. I saw >90% non-bumi unit for Tower 1 sold. Bumi lot facing swimming pool are having high take up rate. This is very encouraging to Summer Place buyer. Unfortunately, the same cannot be say for Tower 2. The one facing the Sg Pinang are having almost no taker except C unit. Another thing is, I think A unit facing bridge one (not facing swimming pool) offer the best view. But not sold out. Instead, facing swimming pool unit A for Tower 1 is fully sold out. Also, pity the Tower 3. Almost no taker. Maybe they should just build Tower 3 until the observation floor???

 
March 24, 2009 at 9:01 PMUnknown

KK88,
Tower 3 facing jetty unit is not as bad as what you all think.Try to go the top floor of Desa pinang/pinang court, you can see the nice jetty view. The smelly longkang is not that bad as what us imagine. Please don't judge it before see the truth.

 
March 25, 2009 at 4:03 AMUnknown

type C launching is 300K la..not 330K

 
March 25, 2009 at 9:13 AMHollandRose

You all bought for own stay or investment? Just want to know how many people from this blog will become our neighbour ^_^

 
March 25, 2009 at 12:33 PMUnknown

Tower 2 in fact is having very nice Jetty View and butterworth view.
Moreover, if you choosing higher unit in tower 2, you can also have nice town N komtar view.
Imagine if ur sofa is facing the komtar view, u can lay on ur sofa and enjoy TV program while monitoring what time lim guan eng switch off his office light....hahahah.....
Maybe the facing the low cost flat is not ur choice, but in a lot of big city, building face building is very common. Summore the low cost flat is quite far away and not blocking important jetty view.

 
March 25, 2009 at 1:17 PMAnonymous

All potential buyers,

As you know, IJM project all are good selling but the problem is to get the OC. They will keep on delaying & provide thousand of excuse in getting the OC. Think before act.

 
March 25, 2009 at 1:39 PMLeo

Justin, I am not too worried on the OC as IJM will cover the loan interest until OC obtain. The more longer IJM drag the more interest IJM need to be paid. I don't think IJM will be that stupid to delay the OC for SP.

PS: Correct me if I am wrong.

Thx

 
March 25, 2009 at 2:23 PMUnknown

0% until VP or OC, i was told that it is until VP, can you guys confirm?

 
March 25, 2009 at 2:37 PMAnonymous

IJM will cover the loan interest? I am wondering.

 
March 25, 2009 at 2:41 PMKK88

I double confirm with 2 IJM people. Its 0% until VP. And VP must come 2 weeks before OC. Like spring, they never get VP yet because not yet OC. Both come together within 2 weeks. They can't VP first then wait for OC. Now Spring also not VP yet.

Anyone want to triple or quadruple confirm? Can we ask them to put to SAP?

 
March 25, 2009 at 2:50 PMUnknown

justin, what is your proof? happened before ?

 
March 25, 2009 at 2:53 PMUnknown

thanks KK88 to clarify it. no worry now. :)

 
March 25, 2009 at 2:59 PMdanny goh

O% interest until VP, bank said only the 1st year interest waive, better read the agreement carefully before your sign.

 
March 25, 2009 at 3:46 PMKK88

Danny Goh, does this means no payment until VP means the bank still calculate interest although no need to pay? Are you confirmed?

I also wonder how IJM arrived at RM8,000 saved because no need to pay during construction. Please check in the mail that you guys received. It shows calculation on the saving for buying Summer Place. How they get RM8,000 saving only?

 
March 25, 2009 at 3:48 PMTM

yap, it is right is 0% for 1st year or obtain the VP. So which mean if IJM can built it and obtain the VP less then 1 year, then of course it is better. I also feel that IJM will built fast and quickly pass over to buyer, so I have no worry for it. :). Correct me if i am wrong too.

 
March 25, 2009 at 4:40 PMLeo

Hi all,

From the bank loan, it listed 0% for the first yrs and subsequent is BLR -2.2%. This mean for the first yrs IJM also no need to subsidies the loan interest as Bank not charging IJM also but on the following 2nd yrs during construction then the bank will start to charge IJM for the loan interest until VP. Hope this clear all.

Thanks

 
March 25, 2009 at 5:11 PMKK88

Nee Hyan,

Thanks. Now we know the whole story. Seems like we're always getting half of the story and confuse all the Summer Place buyer. LOL...

TM and Danny Goh, hopefully this clear everything up.

 
March 25, 2009 at 5:15 PMFisol

That one evening i drove by passing the Ocean View and few other flats, the area was so nice where people were allowed to double-park or even triple-park by roadside! Yet, newly built flats haven't been fully occupied, imagine when Summer Place is completed, the surrounding neighborhood will be so 'ceria'!!

LOT 28, when it's completed there will be many people lepaking around shops enjoying lifestyle, many day & evening sight-seers at promenade etc will add more views to Summer Place owners while driving in&out.. I'm sure you can visualize and imagine that.. New Year celebration will be awesome @ New Promenade.. People loves 'keceriaan'.. abundance of happyness :)

 
March 25, 2009 at 5:21 PMUnknown

True, i just drive to the place yesterday and while on the highway, i noticed the newly completed low cost unit. Just directly opposite SP. That is the reason why i do not purchase and opt for another project in Bayan Baru. I also understand that there will be more low cost flat to be built next to The Spring. Anybody has info on this?

 
March 25, 2009 at 5:41 PMUnknown

Latest updates! Global Warming is getting alarming these day that we are being ask to join the Earth Day i.e. to switch off light for 1 hour. I heard buyer of D residence is trying to sell their property that near the beach, sea and etc BECAUSE the water level will rise in time to come. It is also expected to rise gradually over times. Just wonder what's next when the level raised by 1.5m n up up up... reclaimation project like Seri Tanjung Pinang, IJM, D' residence and Queensbay may be affected. Won't they or we would not be around to see this happening? The bad thing is that people are already talking about it now...which translate to depreciation of property value.

 
March 25, 2009 at 5:51 PMKK88

Fisol, you bought Spring near dumpsite and you're talking about haphazard parking towards the Summer Place? LOL..

CL, yeah, too many low cost flat in that area. But got high end property also.

 
March 25, 2009 at 6:15 PMUnknown

Finally, I get my 95% loan approved.

 
March 25, 2009 at 6:58 PMUnknown

Captain, may i know what bank u taking?

 
March 25, 2009 at 9:25 PMAnonymous

Hi CL,

Have you bought SP? If you have time to visit IJM, you may ask for the map which show IJM properties. Then you would be able to see what is surrounded SP and TS..

 
March 25, 2009 at 9:35 PMLeo

CL,

I would personally recomend you to stay at Penang Hill, wait no no Gunung KK better cos more safer.

 
March 25, 2009 at 9:50 PMKK88

By the way, I know the reason why The Spring OC is delayed. But I can't disclose it. But I'm confident to say that IJM did a good job when reclaimed the land. Got someone told me that when they reclaim the land, they use super high quality and material to make sure everything is done properly. So, I'm quite confident with IJM.

 
March 25, 2009 at 10:17 PMUnknown

Captain,
May i know which bank you taking?
CIMB only offer 90% with MRT, EON bank no respond yet. Their processing so slow.

 
March 25, 2009 at 11:31 PMUnknown

Hanson,

I taking Maybank.

 
March 25, 2009 at 11:52 PMFisol

KK88, in this democracy country we are free to give views :) there are pros & cons for both Spring & Summer Place.. Lets hope for a brighter prospects in the future..

I was proposing Summer Place to some of my relatives, after a quick investigation, i think most reject the idea.. well choice need to be made.. i suppose lah..

 
March 26, 2009 at 12:26 AMprojectupdate

CL,
I think you know Dubai, Palm Island.

 
March 26, 2009 at 12:27 AMprojectupdate

My 2 friend got loan approve liao. All 95% financing.

 
March 26, 2009 at 10:23 AMLeo

Fisol,

Yes, every one is free to give views in this country but pls try don't make your comments look like 5yrs old kid comments. If KK88 comments is right that you are Spring buyer also then your comments is slapping your own face.

 
March 26, 2009 at 11:34 AMFisol

NH, no comment on your statement on self-slap..

As i said we look positively for a brighter prospects in the future for both Spring & Summer Place, i'm sure IJM and local authority have plans to overcome dumpsite, sewage and street parkings.. This is what we want for a better place to live in the future.. If we dont voice out we lose.. THINK!

 
March 26, 2009 at 11:44 AMUnknown

hi Captain, is ur loan 95% include MRTA??

 
March 26, 2009 at 11:47 AMUnknown

I am still waiting my loan approval!! very sien to wait!!

 
March 26, 2009 at 1:49 PMUnknown

To whom are interested for the "IDExL project".
I suggest you guy double check their financial status, parent company, financial status and how many project has been abandoned.
I'm one of the victim by their parent company abandon project.

Hanson,

95% loan exclude the MRTA, I need to pay the MRTA separately. I only apply cover for 10 year.

 
March 26, 2009 at 2:05 PMUnknown

Anyone going for EON bank?

 
March 26, 2009 at 2:07 PMUnknown

Captain, does Maybank allow us to not purchase MRTA?

 
March 26, 2009 at 2:20 PMTM

Captain,

I also one of the victim of the Idexl sister company, the project was at Bukit Tengah, now the company has winding up! SO NO MATTER HOW CHEAP IS THE PROJECT, I WILL NOT CONSIDER.

I purchased Summer Place also, going to sign S&P next monday. Loan 85%+MRTA with Maybank.

 
March 26, 2009 at 5:23 PMUnknown

Captain, nice nice, my loan also just being approved!!
95% also but need to pay MRTA for 10 years also...

VLEE
Maybank not allow me to not taking MRTA, the manager told me maybank HQ request to take minimum MRTA.

 
March 26, 2009 at 5:54 PMUnknown

Hi KK88,

Can i please check with you on your post on March 18 (9.36pm)?

You mentioned that with MRTA maybank is giving up to 90% and without MRTA maybank is giving up to 95% loan? I thought it's the other way around since bank is making money when we purchase the MRTA, no? Appreciate if you would point to me what i'm missing to see here. Thanks

 
March 26, 2009 at 5:57 PMUnknown

VLee,

Yes, you can use your Life Insurance to cover the risk, but you need to get bank (depand) approval. OR u can ignore both, if u r planning to sell SP after complete.
If SP is for own stay, I advise u to take MRTA. This is to insure your love one, no one what will be happen in 20 year or 30 year.

 
March 26, 2009 at 5:58 PMdanny goh

Dear All SP Resident-to-be,

This morning I just read their S&P and have concern over their clause 12. (3)
Which say if the actual built up area is less than 2% of the selling area upon completion,
We will be only compensate at RM538 per square meter, i.e. only RM50 per square feet. This does not sound right, you bought at close to RM300 per square feet property, how can they just compensate you with just RM50 per square feet for the shortage of actual build up area in future. Anyone knows about this clause? Any advise on this or can anyone go to verify with the developer!

 
March 26, 2009 at 7:54 PMkp

Danny, did you lawyer charge you RM 190 for signing S&P? The lawyer their arrange for me is Stella HSu, she gonna charge us RM 190 for paper work and filing.

 
March 26, 2009 at 7:56 PMkp

Danny, did you lawyer charge you RM 190 for signing S&P? The lawyer their arrange for me is Stella HSu, she gonna charge us RM 190 for paper work.

 
March 26, 2009 at 8:04 PMUnknown

hi, may i know who is going to take eon bank loan?

 
March 26, 2009 at 8:17 PMUnknown

To all expert high-rise buyer:
This is my 1st time buy the high-rise properties. Kindly advise what is the consideration point for high-rise properties S&P.
1) completion date?
2) Lot Number?
3) built up area?
4) Maintenance?
5) Car park?
6) ???
5) ???


Danny,

Kindly check your built up area in S&P?
I was told by lawyer, my built up are is 107sm (IJM's floor plan is 103sm). Mean they have 3% margin to meet the S&P. correct me if I'm wrong.

 
March 26, 2009 at 9:19 PMkp

captain, this is normal case. but for ijm their measure is very precise. You should not have to worry about it.
I have seen some S&P they even wrote until 10% variance.

 
March 26, 2009 at 11:53 PMUnknown

may i know which banks provide 1st yr 0% and thereafter BLR-2.2%

 
March 27, 2009 at 12:23 AMKK88

vlee,

Maybank borrow you 95% of the purchase price. If you want to include MRTA in the loan, they have to reduced it to 90~92%. For example:

House price: RM300k
Loan: 95% = RM285k
MRTA = RM8k
So total you have to pay 0% interest credit card is:
5% downpayment = RM15k
And you need to pay cash = RM8k for MRTA

But if you want to include MRTA in the loan:
Loan - MRTA = 285k - 8k = 277k
So loan become 277k/300k = 92% loan
So total you have to pay 0% interest credit card is:
8% downpayment = RM24k
No need to pay anything in cash

So the choice is yours. Either you want to pay cash or using the credit card 12 months 0% interest.

 
March 27, 2009 at 9:25 AMUnknown

JS,

All 3 banks offer that (EON, Maybank, CIMB)

 
March 27, 2009 at 9:41 AMUnknown

hanson, captain,

thanks for the information. the bank rep told me that the minimum for MRTA is 5years and we can apply waiver for that but we'll have to wait

Nang,

Yes, i am considering EON. I think their package is pretty good.

KK88,

Thanks. From your example, these are the two options i see

Option A
15k + 8k + 95% loan

Option B
24k + 92% loan

It's obvious to me that option B is better since MRTA is absorbed into the property value (we are paying less). Do they allow that? Should it instead be 285k + 8k? Please let me know if i got you wrong. Thanks

 
March 27, 2009 at 10:10 AMgim

EON bank is slow... they need 1 week to get the approval. u can try Maybank if u r urgent, i submit my documents at afternoon ard 2pm, the offer letter ready at 11pm same day!!! Loan 90%+ MRTA.

 
March 27, 2009 at 10:48 AMUnknown

Guys, what is the different between super condo and condo? Some say SP is super condo, some say is condo...blur...any comments?

 
March 27, 2009 at 11:04 AMUnknown

SP is definitely not a super condo.

There isn't a proper definition but super condo is usually referring to luxury condominiums, with large built-up area and exclusive environment (i.e. those with 3500sq ft above, with only 1-2 units per floor, >1mil in price)

 
March 27, 2009 at 12:21 PMzanyin

I think most people will go to Maybank. My friend get approval from others bank but still seeking for Maybank offer. Anyone of your know your loan "lock in period"? Heard EON Bank offer 5 year but commence on 1st draw and not 100% draw as others bank practice.

 
March 27, 2009 at 12:22 PMdanny goh

Captian,

Your S&P area is correct, Signing 107sm ( 103sm is building and 4sm is your carpark ) one carpark lot is 2sm.

 
March 27, 2009 at 1:13 PMKK88

vlee

I think I made some mistake. Here is the correct one:

Option A
15k(credit card) + 8k(cash) + [95% loan]

Option B
16k(credit card) + [92% loan + MRTA (8k)]

In the bracket is the money you loan from bank. Option B is for people who don't want to pay cash at all.

 
March 27, 2009 at 2:53 PMUnknown

KK88, thanks. It makes most sense now.

Btw, some news for tower 1 buyers. Almost all units are taken up. Units still available are mainly A type and less than five D type units.

Also price increase will not happen so soon, earliest by mid next month so no worries if you need more time for loan and such.

Zanyin,

In my opinion, Maybank and EON has the better loan packages compared to CIMB. Here are some information for your reference

CIMB
loan: upto 90%
Interest: Daily calculated (BLR-2.2%)
Flexi: no
Lock-in period: 7 yrs from 1st release (penalty 3%)

Maybank
loan: upto 95%
Interest: Daily calculated (BLR-2.2%)
Flexi: Yes
Lock-in period: 4 yrs from full release (penalty 2.5%)

EON
loan: upto 95%
Interest: Daily calculated (BLR-2.2%)
Flexi: Yes
Lock-in period: 5 yrs from 1st release (penalty 3%)

 
March 27, 2009 at 3:45 PMKK88

vlee,

May I know if flexi means Overdraft or just normal take out money from overpaid loan principal with incurred RM25 per transaction?

 
March 27, 2009 at 4:40 PMdanny goh

Dear,

Kp : Yes , my lawyer charge also RM190
Vlee : Thanks for your bank loan info.

All Resident :

Follow up from my yesterday concern about the compensation of the shortage of build-up area at only RM50 per square feet, I have called the sales office today, their answer is “Our standard procedure is to compensate or refund only based on the construction cost which is stated as RM538 per square meter, i.e. only RM 50 per square feet.”
This is soooo unfair, imagine u paid for the higher floor @ RM 314 per square feet and when they built up for you with shortage, they only going to refund you RM 50 per square feet, they are going to profiting RM 264 per square feet from you, and how about our holding cost and interest of our hard-earned RM264 over few years time?!

 
March 27, 2009 at 5:13 PMUnknown

KK88,

Per what i got so far, Maybank is not offering Overdraft. The flexi-loan offered is that they charge a fixed fee (rm25) on any withdrawal.

As for EON bank i'm getting mixed information from the bank-reps. I'm following up to clarify on it.

Btw, CIMB allows bulk payment to your loan to reduce the interest on the pricipal but does not allow withdrawal.

 
March 27, 2009 at 5:28 PMkp

Danny, but think another way if the build up area is more then the origial floor plan you will only pay RM 50 per sqft.
I confirm with my lawyer. According to what I know a few project end up to be the build up area is larger then orginal.
By the way I just know tht my monthly maintence fees + sinking fund is abt RM 180.

 
March 27, 2009 at 5:31 PMkp

Danny, I saw that too but my lawyer said if the actual build up is more then the floor plan we will only need to pay RM50 per sqft.

 
March 27, 2009 at 5:34 PMkp

If the actual build up is more then the floor plan, we will only pay RM 50/sqft.
by the way our maintence fees+sinking fund is abt RM180.

 
March 27, 2009 at 10:28 PMgim

Guys, plz help me to verify those issue.
Free S & P agreement, just need to paid RM190 for stamping.
Free loan agreement, paid RM300 for stamping.
than i been charge for another fee which cost me RM1430 (loan amount x 0.5%), they said this pay to government 1...is that true??

 
March 28, 2009 at 9:29 AMzanyin

Just receive draft offer letter from EON Bank. Below is the major term offer ....

1. Lock in period 4 year after final drawdown. Penalty 2.5% of loan amount.
2. 0% interest free will be served for 18 months or up to vacant possession whichever is earlier commencing from 1st drawdown.
3. Minimum floor rate = 3.35% pa. (That's mean no changes in "rate" even BLR still go down).

 
March 28, 2009 at 10:23 AMkp

Gim, the RM 190 is not for stamping is just for lawyer to take in their pocket. They claim as filing and paper work. (FYI some project I know they dun charge RM190).
I did not encounter another fees beside RM 190.

 
March 29, 2009 at 12:06 AMUnknown

zan yin,

is that from EON or Maybank? the terms look more like what i got from Maybank staff

KK88,

both banks do not offer OD for loan. The flexi allows withdrawal only for amount overpaid.

gim,

1430 should be the stamp charges and yes i think we'll have to pay that to the gov body

kp,

what is this sinking fund? and i did not know we need to pay extra if the size is bigger. thanks for sharing that. also, since IJM claims free legal fees, i wonder why we are charged rm190? is that right?

 
March 29, 2009 at 9:09 PMUnknown

So how much we need to pay when sign the S & P? is it 1450 + 190 ?

HHH

 
March 29, 2009 at 9:41 PMnoel

Already booked a unit, now asking for loan. Maybank,EON bank & CIMB just provide fix plan. Any suggestion as i plan to get one with flexi loan.Thanks to comment as this is my 1st property.

 
March 29, 2009 at 11:20 PMLucasKing

i book 1 unit and now finding a suitable loan. I wanted to find which offer flexi coz according to CIMB they only offer fix, and he claim that all 3 EON, Maybank & CIMB having the same rate. Anybody can give opinion?

 
March 29, 2009 at 11:20 PMgim

Total i paid is RM1430+RM190+RM300+RM165(MISC)= RM2085.
Advice not to take flexi loan, fix loan better as at the property fair there was a talk which conduct by supex(mortgage consultant) said that.

 
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