One Residence, a residential property development by Ideal Property Development Sdn Bhd, sited on over 100-acre of freehold land in the fast growing township of Sungai Ara, Penang.
One Residence is a gated and guarded community comprises Sathu Terrace 182 units of 2-storey terrace house, Dua Villas 135 units of 2-storey terrace house and Tree Residency 316 units of 2-storey terrace and semi-detached house. The phase one terrace house has a land area measuring 22' x 75' and a built-up area ranging from 1,650 to 2,550 sq.ft.
Property Project : One Residence
Location : Sungai Ara, Penang
Property Type : 2-Storey Terrace
Tenure : Freehold
Land Area : 22' x 75'
Built-up Area : 1,650 - 2,550 sq.ft.
Developer : Ideal Property Development Sdn Bhd (JV with Koperasi Tunas Muda)
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«Oldest ‹Older 401 – 600 of 1006 Newer› Newest»My sales person told me that Phase 2 booking is started yesterday. This is special booking session for Phase 1 buyer. If response is as good as phase 1, they wont even think of soft launch at all.
Latest info from Ideal, already sold more than 50%.
Sold more than 50% in 1 day. R u serious?
Yes, 50% and almost all the standard units are sold.
Hi all,
May i know what is the saling price for phase 2?
I visited sales office just now, all preferable units get booked and more than 50% booked within 1 day. Reponses is superb. Price in from 700K and above.
anyone know when would be the show units (phase 1 & 2) will reopen again?
I was there at about 6pm today. Plenty of people. And more than 50% are sold out. Basically those priced at RM700k are all gone. Now left those priced at RM730k and above. All corner units available are over RM900k.
Booking procedure is still the same. RM20k to book a unit. Then the remaining 10% in cash payment within 30 days.
The layout is exactly the same at Phase 1. They removed the utility room and added the roof for the backyard for Phase 2. Basically, to those who already owned Phase 1, you have just gained RM80k on paper in just 1 month.
Should be 70% already sold out until 7pm.
Don't forget that we still need to wait for the backyard modification in which purchasers have to pay by themselves, Sam.
It is true that we earn, but not 80K on paper, more like 30K. (700K-670K). And we need to top up for the backyard too. Still... not a bad buy.
I've a unit on Phase 2, and if you're genuine to get it, send me an SMS to 017-4055388 with your name and email contact.
Frankly speaking, covering one backyard would not cost alot I guess. We aldy have partial of the wall. Just need to cover the roof and seal the wall. Unless Ideal want to cut our throat.
something not uderstand here , one resident selling at 700K and need to wait for 2-3 years
At the same time SP Setia , 3 storey , land area about the same , completed but selling also at around 700K .
1 - 2 year ago , SP Setia also I heard selling so good and so good , but look at the price today , not really appreciated a lot . A lot are waiting for sell.
WHy ? Why ? Why ?
bang, one residence is strata title, SP setia is not. Strata title projects normally take 3 years (like Southbay).
It's still depend on individual liking. 2 storeys with bigger build up or 3 storeys with smaller build up?? Climb more stairs or climb less stairs?? :)
brovo! Penang. You are right. The strenght is 2 storey with built up area of 3-storey. One Residence is 2360 sq.ft within 2-storey b/u and S.P. total b/u is also 2300++ but within 3 storey b/u. PPl also sick of climbing up to the 2nd flr. Visit the two projects show unit and one should be able to see the reason why S.P. with OC unable to sell although price is almost the same as One Residence, which construction stage is not even 10% now.
I like the internal + external ... Just abit concern on the surrounding especially the traffic flow. Hopefully road can be widden or new road can be openned once project completed. This will definitely boost-up the price.
Related to traffic, I've been informed that the masterplan was changed to make way for more landed residential areas.
So no more apartments and condos. In phase 4, just terraces, semi-Ds and banglos .
So the place would not be as crowded as initially planned.
My takes, in PG, property price is reflected by location and land size. Number of storey of the building is not the first consideration. Besides, one residence is looks very spacious compare to sp setia even through the buildup area is the same. Main factors are the land size and the design.
Phase 2 launch on 10 Dec recently, anyone got idea or comment about the new launch project.tq
personal experience....currently staying in a 22X85 3 story, but may consider move to 2 story as the stairs are killing my knees....
Phase 2 model shows the balcony does not hv solid roof cover as phase 1 but instead has some wooden beams placed horizontally across the top. Also balcony width does not go all the way to the side edge so neighbour cannot stand as near to next master bedroom as phase 1. Balcony railing design different.
may i know whether the place will be flooded when heavy rain? i heard previously my friend who stays near there say there will be flooding at this location where one residence is being built. however, i think the land is being elevated. anyone can confirm?
Hi House,
i believe no developer will built a house without planning on the area that will be flood. Just like the Southbay built by MS at Batu Maung, that area is proven and confirmed a flooded area when heavy rain, but MS still built and got ppl buy. Do your fren inform u on this ?
Sam,
Read through all the comments, 1st half of the comments were concern about buyer's being ripped off by their track record and having to sign Letter of Offer which is not the right practice. But 2nd half of the comments seems to focus on making changes to the design of the house. Was the Letter Of Offer signing concern addressed(whereby they can modify the SPA and still being legally binded to pay 1% if we withdraw before the SPA is stamped)? Reason is that even the signed SPA with revised request from you can still be altered without our consent at later date, right? A bit concern with this Letter of Offer signing which is not a norm.
I agree with Sam.
For Phase 2 projects, they are now asking for 30,000 as booking fee which is not a small amount. At the same time, they are urging purchaser to settle the 10% by year end even their AP (Advertising Permit) is not approved / obtained. Worse still, i got to know from developer sales agent that they committed to get the AP approved withing the next six months. Meaning we will need to pay approximately ~70k for worst case six months prior the S&P can be officially stamped.
Btw, anyone has any idea if this is legal? Can we confront the developer that we will only settle the 10% with AP approved and S&P ready for stamping? Do they (developer) has any right to release our booked unit if we dont follow their instruction? This is really not fair towards purchaser. And I'm wondering if we can file a complaint to Housing Ministry on this kind of tactic used by the developer?
-Disappointed-
For phase2 house, the house is at same level wit the main road (road to airport) or lower level compare to the main road?
Anyone do a study on this?
what is the confidence level of this project? the track record involving fraudulent cases of this developer's previous incarnation doesn't bode well. i have a booking on the phase 2 but having second thoughts after hearing personal experiences of some folks.
Constance- Are you drafting it up? I like Phase 2, but somehow, without AP & stamping... it's a bit fishy.
Hi Constance,
There is no use to complaint to developer,buyer from Setia have experienced where they pay the 5% 1st and wait 4-5mths only get the S&P sign.The developer normally will ask the same question, i.e do you want to withdraw out as there are many waiting list behind.
From the info i heard, this developer guy have strong relation with Kuwait finance who is strong in financial and also there shouldnt have be problem on the land with Koperasi.
Your all may be just need to waste the 10% interest for couple of months while getting the S&P stamp.
If i am the buyer, i will not withdraw or have 2nd thought as it is very hard to get a good location landed property in Pg.
Constance, your concern is a repeat of what the Phase 1 buyers have experienced but all of them signed the SPA timely. Many wait list are still calling up to Q for Phase 1. Pls visit the earlier blog and all your concerns are answered.
We Phase 1 buyers have gone through the process and the developer even have the lawyer to explain personally on the Letter of Offer. Perhaps you should do this to help you to decide on your purchase decision.
Hi All
Not sure about level of confident of this project, visit National House Buyer Association www.hba.org.my
If not sure, buy only completed properties is the best solution = safest as what you pay is what you see and get then.
I concur with CL!
Basically I really don’t understand why people just want to bad mouth about this project. One of the possible reasons is that this developer really had so many enemies.
The other reason that I personally felt is that these people missed the Phase 1 chance (because IDEAL didn’t call them up…honestly I also angry) then when it comes to Phase 2 they felt price too high and give it a miss…..so at the end perhaps they decided “if I can’t get cross the bridge I might as well burn it”.
Most of the buyers who log in here wanted a constructive ideas and discussions instead of these old stories.
Yes! CL you are right, that should be the right way complete and sell. But here we are just close 1 eye when buying house, as we have no choice even housing act not 100% protect house buyer, the loser always be buyer, this is the fact in Malaysia :(
Probably the bad mouthing was because the developer itself had weakness to pin point or talked about.
Ideal could prove that they are capable by doing a good job with 1R which will definitely boost confidence and reduce bad mouthing or do a bad job and have more to bad mouth in the next phases. All in Ideal own hands.
what happen IF this project fail, delay or abandoned ?
what all the buyers who now prefer to ignore the fact that proper procedure to get approval was not follow by developer will do ?
by that time , all the buyers will probably blame the government , cry for help from government , .......
Good Point. Bang
For all buyers things to take precausion and should check out...
1) The appointed san & associates taken the deposit for both phase is estimated about 11 to 20 million, any safety precausion measures to ensure the deposit is safe.. possible any party decided to...take and fleet..or $$ transfer to other projects for emergency...
2) Ideal Property Development S/B directors name and address. Batter have all if one day u decided to make a visit to say thanks for the nicely done development or ..
3) Check out the status of the JV with Koperasi Tunas and Ideal.
4) Check the land info with land office.
5) If cannot take risk buy sub-sales.. all development wil have % of risk..delay ..abandoned..factor..
If managed to find out info above plaese share...thanks..
has any buyer from Phase 2 dua villas started applying for home loan yet? Ideal keeps telling me it's not time yet but the banks tell me if i don;t the loan application in by year end, the interest rates would go higher by Jan 1st. anyone has successfully got a loan application approved?
Hi CL,
May i kknow after u signed the S&P, did Ideal said when they can official stamp the S&P ?
As the S&P is based on the stamp date and not sign date.
Pls watchout as Ideal is famous in delay the S&P stamping, based on the I Regency project, they delay the S&P stamping >1year.
Also pls check whether the maintenance fees need to start pay after the VP (receive key) or OC obtained.
For the phase 2, due to the permit is not approved, Ideal definately cannot have the S&P stamp.
If your all dont believe, lets wait and see, Ideal definately will take your all 10% payment first and delay for sometime before have your S&P stamps this is their practice all these while.
Dear all,
For sharing,for strata title,for I Regecncy, there are still some problem with it until now. If the Strata title is not achieve, which mean the investor or owner cannot transfer the property. Besides i also heard that the facility will be share with condominum owner besides it.So the facility like swimming pool will be sharing for all and the maintenance fees is standard RM200.
No doubt the house layout(size and design) is nice for the price, but for Strata title its a bit lose. Its like a landed condo.For the landed property,most important is the freehold title.
First time i heard this "if the strata title is not achieve, mean investor or owner cannot transfer the property". Tze, are you sure you tell the right thing???
Are you saying that swimming pool in One Residence will be shared with condo unit owners in the future? This doesn't make sense too.
You still can transfer the property before the strata title is issued, except that you have to pay an admin fees to the developer to change the name of the property to the new owner. It's up the developer to decide how much is the fees. So it's important for the one residence community to stick together to drive the developer to apply for strata title once the project is completed.
The developer consent fee is now standardized to RM500.
Tze,
Your statement are very confusing. Need your help to elaborate on these
1) Without starta title, we are not able to transfer the property? Are you sure?
2) Which project will be sharing its facilities with nearby condominium. I-Regency or 1 Residence?
3) Your quote "Its like landed condo. For the landed property, most important is the freehold title"
As far as I know, 1R is freehold but it's strata title project. You will not have individual title for 1R. Freehold and Strata Title is 2 different thing. Is it not?
4) Your quote "For the phase 2, due to the permit is not approved, Ideal definitely cannot have the S&P stamp"
This applies for both Phase 1 and Phase 2. Is that correct? Both does not have APDL yet. We will have to wait 8 months and they might still come back and say "You want to wait somemore or you want to cancel. There are still >1000 waiting list. " Already know what they will say.
tse is setia vista owner, he/she come here just to kacau kacau...
suer - you must have been outdated in property investment for a very long time lio..... Charges for consent fee is only RM500 and you dont have to ask for consent anymore. Consent is auto granted under the new act and when you sell, just forward your sub-sale doc to developer together with the RM500.00.
strata title issue check with yr lawyer, or visit www.hba.org.my
tse - sounded like you are from South Africa. Best that you do your homework before sharing non-value information like loose bullet. - or + comments with substance are welcome but definitely not trash.
Ideal has already informed that we have our choice to come back later if we are not comfortable with the arrangement. Since the landowner i.e. Koperasi Tunas which has even bigger stake in awarding Ideal the project, what is 10% of the purchase price compared to the landowner risk. I respect your decision in buying Setia Vista anyway = smaller unit (akin condo living) at almost same price of ST.
Suggest that you visit SV show unit (bear in mind the show unit is a corner unit and compare ST show unit which is an actual intermediate unit). You judge...
Perhaps, you should also shared that Setia also get buyers to Pre-Sign SPA with 6 months condition!
This TZE is the one that mentioned he/she has the masterplan of the entire 1R project. But, till now, he is still not able to send a copy to my email. Not sure he is unwilling to share or he don't have...
Hello CL boy boy, sound like you are very expert investor. But good luck to you, many unexpected things will happen with this developer.
You can simply ask any completed house buyer from this developer, see what is their comment.No doubt the house is nice and bigger, but with the Strata title for landed property(=landed condo)and bad history of developer, good luck to your investment.Lets wait and see what else will be build near by your dream home.
no doubt, there is a risk at this area as a lot empty land surrounded and we don know what will be built by Koperasi Tunas Muda. either mosque, intertional school or anything. Just curious, isn't that evey project required to built a low cost flat on site? where is the low cost flat?
Hi all,
Anyone know what is the mthly maintenance fees ?
Rgds
I think the Phase 2 is going too fast by Ideal. It was originally plan for early next year for Phase 2, but now it seems like Ideal is capitalizing on the sentiment to push out the Phase 2, and even using the Phase 1 Type B to be converted to its show unit.
Though I missed the Phase 1, I was hoping that Ideal will prove itself from Phase I, before pushing the Phase 2 out. At least the phase 1 purchasers were given more time, but it's really unfair to Phase 2 purchasers (especially having to pay 70k more !!).
Besides, I really doubt that there is 1000 people in the Queue, though I can except that there are some (a hand full ??) purchasers in the waiting list.
I like to call upon the Phase 2 purchase to HOLD BACK signing the SPA, so that more pressure is given to Ideal to deliver good and quality product.
The ball is in your court, and whether to take over the control or not is up to you.
totally agree with voice....don't let developer manipulate the situation here
tze, didn't you know that these days the owner gets to manage the project themselves. JMB will be formed within 6 months from date of OC and JMB will comprise of 5 owners and only 1 represetntative from the developer. The quality of living in the community depends on how mature and educated are the residents as they have the 100% right in deciding who to manage the project. A FREE LESSON to you again.....aiya!Check out the details with COB for strata title guidelines.
Voice, you are right! Maybe you should also advise these ppl to go and buy Sunway's project just right across the road. 20'x x 70' and 22' x 70' price above 800k and 900k. Three stories somemore! Anyone?????
CL, you sound like one of ideal employee/employer.
we are here to clarify and learn and most important of all a common interest - buying a property... so when things doesn't sounds right we have to voice out in this discussion blog. just a piece of advice don't shut people off or insult people
CL,
What makes u so proud paying >700K for dbl sty terrace with strata title and pay mthly maintenance fees and manage project by the owner somemore.
What la....free lesson.
Besides, I am looking forward for the unexpected things or grievances story from your all by this cunning developer.
So pls continue to be hero here now and condemm other project.
tze, u r really one kind one. cant accept ppl who do or have property better than u. go back to your setia vista and laugh till it completed since u r so proud of it. ready to put up a tag to sell for 1mil ? dream on
Voice actually brought up a good point. The developer ask alot from the buyers to commit to them.
In good faith , the buyers commit to them. Therefore, they would like to see more solid progression prior to the multiple launches of subsequent phases like Phase 2.
any chance for all owners of this project to meet up in order to voice up all the concerns here. bringing issues up as a group would be effective
Anyone know if Phase 2 has been sold out? When is the Phase 2 show unit gonna be opened for viewing?
G.I.Joe good to hear that you are still alive. Thought u already been ban by administrator. Your SPI house must be a good investment for u, so many subsale selling <700K also no pl buy, can i know why ? It is too near to cemetry and got ghost ?
Tze, so much you wanted me to b banned, haha. base on wat justification u have ? bcos telling the your property Setia Vista is not a good location ? I will not discuss any SPI or Setia vista topic over here, this is 1R blog. If you liked so much into tell how good is Setia Vista, i will c over there.
I bet if got 1R onwer wan to exchange with your setia vista here, you will sure dive for it cos u like 1R so much base on your comment here.
Hi,
I believe some of the bloggers are abusing the website. I certainly can't comprehend what is in the mind of so called "educated" individual trying to speak ill of other people purchase or future home. Hiding your true identity behind the internet and simply bashing other's project does not make your own purchase appreciate any better. We appreciate comments and facts be it positive or negative but certainly not personal vengeance or false allegation.
PS: Could admin pls step in. Thanks
alas, this project manage to attract a lot of attention based on comments in this blog; despite ideal's bad reputation. hopefully the developer can redeem itself thru this project
I keep seeing people mentioning the bad reputation of Ideal.
What are the examples of it?
I never had any dealing with them before, so a bit curious. As for now, the sales people are very helpful to me.
90mm, as a buyer. If one buy, should continue to be positive of the purchase and look forward to see to its completion. Since one made decision to buy the property even knowing what one is getting into and also fully aware that oppositie the site, there are choices too. Why all the hud ha... one simple act to end this misery is GO TO IDEAL tomorrow, sign the cancellation form and they give us the refund. No need to be so THICK SKIN and HARDUP to buy since so uncomfortable. I am an investor, so dont bother cos law is still protecting the buyer. Dont mind to pay what they ask for knowing that landed property in Penang always appreciate. If they sell next year, bet Phase 1 price will be around 680 - 700k. Just compare it with Sunway new project and also Asiamas SD in Relau - 22'x 48' B/U selling over 900k. It is all in the newspaper. So... who is going to Ideal office tomorrow?
i'm buyer for dua villas (Phase 2), why the master bath room design with the "big glass window", there is not secure and outsider can look through inside. Is this call the modern design? May i know serve for what purposes???
more windows mean they are now focus on green architectural concept. natural light. save energy. opening on transparent roof top also green architectural concept. even now they are provide additional top hung window at master bedroom for more natural lighting. the window in master bath room should have frosted so that outside ppl cant see inside. save energy, save earth and save money. :p!!
deeshien, are u a buyer of phase 2, u agree the master bath room window glass frosted so let someone know when u at bath room?? this also call green architectural concept.:pls!!!!
yes, i am a phase 2 buyer and also contractor too.. for the construction industry, we are now emphasis in green concept like singapore. actually have more light in bath room also ok. hopefully the window is frosted. if not, will be weird. is that clear and who are you?? homes? actually i am not answer to you la. sorry!! just to write my opinion. will stop here. no more comment. thank you
Window for bath room with frosted or transparent also due to problem happen. pls, refer to actual fact case at "youtude".
Am a Phase 2 buyer, I especially like the courtyard concept the best, natural light coming from the top, it's supposed to be good fengshui - check out how olden houses have courtyard in their houses?
By the way, any updates on the S&P & legal issues & stamping after paying the 10%?
I agree with deeshien, green building is a sustainable building to safe our earth for our future generations.
We must be muture enough when we refer to the internet (or youtube for that matter).
Let's take something even more commonly seen by less IT literate person... newspaper... where fatal road accidents are shown everyday, but do you stop traveling on the road ???
Youtube also shows 2 mobile phones frequency affect an egg, are you throwing away your phone, but back to use the public phone ???
Let's use some common sense.
voice..have u see the master bath room amendment for phase 2? See the master bath room window than comment ok pls!! did u??
Hello Adi,
Pls visit the 1 woorld or I Regency condo blog to see more e.g. of this developer. Or just ask any house buyer from Ideal.
CL,
U r a real hero in this 1 residence blog.Always asking ppl to cancel their booking or move to others projects. But i m eager to see you taste the same problems that 1 world and I regency buyer was facing.
tze, time will tell. Ideal does not have much time. At most, only 4 months and the clock is ticking. So, just be patience and wait until Mac/April before talking again.
Oh ya.... Setia Vista has low cost at the main entrance on top of what are already there ya!
tze, may suggest you that disappear from this blog as all your comments are carried no weight...misleading..... no value added to us after our deep evaluation from previous record. We are here to share information and to create value for our investment. We disallow people like you to sing here.
already end of the year, did anyone sign up or get any loan package from any banks?
Yes. I am talking to a few bankers, Public, Hong Leong and Affin. so far, Affin is the best deal amongst all. First it's BLR is 5.50 instead of 5.55. Secondly you can stretch till 75 years old, Thirdly the penalty is 3% from first draw down. Call Kenny Tan at 0124779824. I am not banker. I am buyer of One Residence and am getting my loan from this guy. Nice and helpful. Check it out.
Any phase 2 buyer sign S&P already?
Anyone know why banker stated in housing loan agreement as 2.20% per annum below the prevailing BLR. Currently we get BLR -2.20% is there any differences between these word?
2nd it is true now all monthly payment to our housing loan start with 1st(all bank same) of each month? Can we amend it to other date?
Heard the maintenance fee has been raised to RM 220. Is it true?
Yes, RM220 for phase 2 maintenance fees. It was told by sale person.
i think the maintenance fees shall divide by land ratio as only that is fair to those teres owner...:)
Went to the show unit this morning. Like the 22'-26' width layout but somehow find the 2 rooms upstair abit small, perhaps due to the separated washroom per room. The outlook is nice with harmonic earth colors. The workmanship 6.5 out of 10 for me. Like the courtyard which makes the whole house brightier. Tiles on utility floor under staircase will be better, like ppl commented previously. Just my 2 cents.
The utility room has been removed and the space is shared between kitchen and bedroom. The room is bigger now! Same goes to kitchen. I hope that this could be implemented for Phase 1 as well. The covered backyard looks great. Just that the area is still not enclosed.
Yep. Kitchen is abit small from the show unit. The bigger the better if it can be. The backyard quite nice. At least can get some natural sunlight :) But maybe one thing to think is how to allocate washing machine to avoid wet during raining.
Yes, I went to see the show house and there is a lot of visitors. Noticed that the sink, tap and toilet bowl is of China made quality. Also the doors is plastic. Very disappointed with it as the second phase has increase by RM70K by the management does not know how to increase the facility.
I agree with Namba 1. The workmanship on the show unit is not nice. Very rush and rough kind of work. The accessories looks cheaps and inferior quality. Owners need to spend some money to change the plastic doors. Wonder why the developer is so greedy and does not how to make second phase and supporter happy.
Aiyah.. because the response is good the developer will not look into this kind of things anymore. If their response is not good, see what they will offer? They are like that and Ideal will not be different. When you ask the sales person before the do well that time they will said, not confirm yet. They are all the same.. unethical one. Just want to make money.
I have a doubt here. How the build up area is calculated? for ground floor: the dimension is 22 x 40 = 880 sf. for first floor : 22 x 50 = 1100 sf. the total area is only 1980 sf. how to manage to get 2300 sf?
build up is everything under cover. so i think that includes the porch also.
Hi YY,
Not sure how u get the 22 x 40 for ground floor?
Base on the layout of Phase 1
Ground floor = 22' x 47' = 1034 sqft
1st floor = 22' x 51' = 1122 sqft
Add up these 2 floor you will have 2156 sqft. Normally, developer will include whatever covered as built-up area and this include the car posh and balcony. Add both of these, you will have approximately 2360sqft as published
As for Phase 2, they calculate the backyard of 22' x 6' because they are covered. So, they can claim that phase 2 built up is larger. On top of that, the ground floor is longer by 1 feet as the car posh is shorter I guess.
To all phase 2 buyers, I planned to request the Developer change the floor tile of the stair case - from wooden to tile. Anybody has the same thought ?
i prefer tiles also for stair.
one thing need to consider is the timber flooring is more expensive than tiles. if want to change, should change the tiles with similar price.
wooden steps are ok and in fact much preferable. if want to change anything, better to ask to change to 3-phase power supply and change the room/bathroom doors to solid wood doors. for an increase of 70k, maybe they can accommodate.
bathroom doors will get wet so plastic is ok with me. the wood for stairs - opens possibility of termite attack and eventual repair down the road.
Munk,
Just curious. Why do you need 3 phase power supply
wooden steps are ok. it look nice and safer for kids than tile.
do we really need 3-phase power ? what is the benefit for home use?
bathroom door if is solid wood will that good for wet environment?
Personally I like the timber flooring on the stairs.
I'm a phase 1 buyer, and its kinda misleading the phase 1 brochure, where it mentioned the stair will be "Timber block on reinforced concrete stairs"
This is exactly the description for phase 2 stairs. sigh ... sad sad sad ... :(
Timber flooring like that can last a very long time, not slippery and safer for kids.
I know it because I have that in my hometown. (Landed of course)
what about suggesting tiling the vertical portion of the stairs or covering it with timber as well? the current design with just cement and paint, will only invite footprints/marks over the long run...? ditto for the 'concrete' stair side wall, it will be the first places with marks from daily use (oil/sweat foot print).. i believe they should tile it or figure out a better more practical design..
i applaud the developer's move to cover the backyard, removing the utility room and putting up timber flooring for the stairs as improvements for phase 2 but 1 still think these improvements do not justify the extra 70K compared to phase 1. I'm also dissapointed that they've removed the windows in the living hall and master room and replacing them with a larger glass sliding door; thus less material used. They've also replaced the more premium hanging rail with the floor rail for the sliding glass doors, for phase 2. Cutting corners already huh ? Perhaps we should request for the devp to use porcelain tiles for the bedrooms as well. There's simply no improvement in terms of materials used for phase 2 to justify the extra $$ buyers are paying
I have compiled the list of the items that we would like to request for changes, please feel free to add.
1. use porcelain tiles for the bedrooms
2. stair case - from wooden to tile
3. Change Bedroom/bathroom doors to solid wood doors
4. skirting for whole house
5. change to 3 phase power supply
Phase 1 also not having 3phase power supply?
Aught to be changed to 3phase power for both Phase 1 and 2. Since this is a future home and future home need stable electricity especially with increased electronics.
I came across an interesting article on the Building and Common Property act discussion. Take a look.
http://thestar.com.my/news/story.asp?file=/2010/1/4/nation/5402538&sec=nation
I like the timber flooring on the staircase.
i think is up to individual preferences. Anyway, i will send my request to developer with upgrade listed as below:
1. use porcelain tiles for the bedrooms
2. stair case - from wooden to tile
3. Change Bedroom/bathroom doors to solid wood doors
4. skirting for whole house
5. change to 3 phase power supply
thanks
Hi KM:
Can you send me the floor plan?
Thanks
3-phase supply is more efficient because it balances the load. if you regularly use aircon and a lot of electronics, it will also help your bill. also, your lights will flicker less and if there is an electrical trip, the whole house will not be powerless. only the area where the trip is will go out, the rest of the house will have power.
i second the skirting around the house. helps with keeping the walls at the floor level from having dark stains.
i would suggest leaving the wooden stairs alone. timber is better and more value. if it's your personal choice, then you can change it later.
Hi bloggers happy new year.
May i know where is the exact location?
Thanks
Duavillas,
Plastic is fine but we can request for the middle folding ones which is nice and plastic too. The type of plastic door provided here, you can find them in low cost (RM70k) house's bathroom certainly not for 700K house. As for the timber, it cost more and looks more expensive so I prefer the timber. For those who wants tiles, I agree with MunK that they should change it later. I agree that we should request for 3 phase too. Actually I know Ideal is very cheapskade company and looking at the things that they provide (utilities) they have high profits already. Very disappointed.
actually solid wood doors for bathrooms are good and they look nice. they won't rot that fast. my current bathroom doors are wood and after almost 4 years, they are still good. you have to choose a good hardwood, like mine are merbau. merbau is used to make bridges across rivers and used on boat beams as well. it is really hard and sturdy.
Munk,
If Ideal is only giving plastic door, they would give merbau wood. I think it would cost a lot to allow them to consider? No way. Trust me. Developer like Ideal is like China man company. Profit high and cost very low.
If you look carefully at the balcony, your neighbour next to you can easily climb over to your balcony from his at the front of the balconies. Can consider requesting to change that also?
Let me summarise:
1.procelin tiles for bed rooms
2.stair case timber flooring should be better, tiles are optional to individual buyer.
3.change room door to solid wood doors
4.skirting for whole house
5.3-phase power I would have doubt. My current home is single phase and I don’t see my light is flickering or any abnormality. My main concern is would there be any difference in electricity bill using 3-phase? Can anyone tell from their experience that is cheaper compare to single phase?
6.Can the developer consider change to Bathroom s/s shower head, better basin and toilet example Johnson suisee, extra free 1hp aircond for bedroom, change to 2hp air cond for living area (if not mistaken look like is 1.5hp).
7.Can the developer consider adding an extra TV/astro point to the family area? I think that is reasonable request rather only have 1 TV point inside the master bedroom. I know that is optional but personally I don’t prefer to have TV inside the bedroom.
I know sometimes is difficult to satisfy every buyer but just hope the developer can try their best to provide a better accessories after taking input from buyers. I think they can definitely afford to provide more with the price they are selling.
And Karen, I think there is no way you can fully prevent someone climb over from balcony. And normally there is no one will climb over unless is criminal case. You can install motion detector or any other sensors to set the alarm. Or alternately you can consider fully seal the balcony as well as the rooftop… :)
And normally the criminal rate is much much lower at gated guarded community compare to freehold. A criminal who plan to break in the house will usually choose the target is easier for them to run away. So my personal thought is gated guarded house will be in better demand than freehold in future.
gated also hv break-ins. usually they rent a unit inside and operate as in many condos/apts.
Landed is different from condos/apts. The guards are patrolling the landed area. I would not say is not possible but the occurance rate is low. Further landed house owner is allow to breed dogs. Condos/apt cannot do that. Correct?
I am not a buyer of his One resident , but after go through some comments , want to 'kap siau' a bit.
A lot of request from buyers to improve this and that . Smart buyer will always request a lot . That is good things. But I doubt the developer will entertain you all if you already sign S&P.
Why not hold on until the developer agreed to change. Once you sign S&P meaning you accepted their offer .
I never see the show house , it is too much if a DST priced near to 700K but
- no skirting
- bed room door not the type of solid wood
- family area without TV signal point
That mean a lot of renovation needed even you pay RM700K for a DST.
Be smart, buyers , pls help to creat reasonable & responsible developer , you are buying 700K DST house , how much you pay monthly ? how many percent of your income for this house ?
The GREEDY developer are created by 'not so smart'(i wanna to say 'stxpid actually) buyers
Bang, what makes you think the developer is not looking at this forum for improvement idea? :)
I think buyers all like to see Phase 2 has something better than Phase 1 due to similar sqft and huge price difference.
yahoo!! bang is in the house...meaning this is a good project. Why I said so??...
Because usually bang will "give" his comments (but negative one la)to make the project price drops..then he will quickly buy for that project. He gives comments meaning he likes that project... Let's see...how negative he is going to say about this project.
To Phase 1 buyers,
I personally felt that the Phase 2 layout of the ground floor bedroom and kitchen is perfect where each occupied half of the 22'. For those who felt the same and would like their utility room to be removed, could you please feedback to Ideal so that they could implement it in Phase 1 as well. Thanks.
In fact, I've feedback to Ideal but seems that after removing the utility room, the space will be given to kitchen only.
Did anyone already sign off any housing loan with any banks? Because few bankers are chasing me but I don't know which bank to choose. Mind to share.
Sathu Terraces,
Mind sharing what you get from each bank , that would help for discussion and to provide inputs to which bank is better.
UU , U thinks so easy price will drop meh ?
I just old aunty , eat 'kenyang kenyang' , nothing to do , come 'kap siau' here and there ,
i ma so lonely , give me a chance to 'kap siau' OK ?
One,
I agreed with you. Will feedback to Ideal personnel
ONE - Agreed with you. I did talked to the sales agent and she said a letter will be issued to all phase 1 buyers later if we want remove the ground floor utility room. Again, your guess is as good as mine.
Sathu Terrance / Jason - below are the rates I am aware of... Affin 5.50-2.2 (tenure max up to age 75yrs); Hong Leong & AMBank BLR-2.2; PBB BLR-2.3 (tenure max up to age 70 yrs).
Anyone else has updates on rates, pls share so that we can collectively pressure the banks for better rate.
One, I agreed with you too. I hope that after the utility room is removed, the space could be shared between bedroom and kitchen instead of given to kitchen only. Will feedback to Ideal.
The Hong Leong bank rate that I get is BLR-2.3, the lock in period is upon the first drawdown. Certain banks lock in period is after VP obtained.
Hi Shell-Shell,
PBB, BLR-2.3? I only get BLR-2.2 from PBB. I think right now the best is Affin Bank because their rate is BLR-2.25 (MRTA optional) & their BLR is 5.5 instead of other banks (BLR, 5.55).
Hi Myn,
Your Hong Leong one need to buy MRTA or not?
I also got BLR-2.3 from PBB. But the long lock-in period that only starts after VP .. really puts me off.
So, am going for Affin Bank BLR-2.25. But their BLR is only 5.50. And lock-in period is 5 yrs starting from first drawdown. The Branch Manager, Kenny, was really nice, cheerful and helpful. Appreciated his service.
Sam,
Understand that you have send in a letter to Ideal for some request on Phase 1. Do you receive any reply from them?
May i have Public Banker name and handphone who are helpful and nice to get the special rate with BLR-2.30. We need the comment with them thanks!
Hi, I got BLR-2.3 from Julie from Hong Leong bank, and the locking rate is from 1st drawn down, try to contact her at 012-4824160.
Chuah
Hi Sathu Terraces,
I do purchase the MRTA. You may ask the Hong Leong Bank agent what is the minimum amount required for MRTA.
you could buy a life insurance instead of MRTA.
From the info provided , Actually the rates are equivalent of -2.3 for all banks. It depends on individuals vs banks assesment and offer. So if u dont get good rates from 1 consider the other alternatives.
If the bank agents are unfriendly or unhelpful , seek others whom are better.
Its good to check the MRTA % used cause different banks had different rates.
Chuah, do you know HL Bank MRTA % used.. I believe Affin is 7%, PBB is 6%.
What MunK say is correct there are other alternatives to MRTA like life insurance.
Also seems like Phase 2 buyers would get a lower lending rate due to this year adjustment.
Comments?
Folks - I do agreed Affin is attractive in term of rates and the lock-in start date... the only drawback is that Affin has very few branch and it may cause me prob on monthly basis to hunt for them to pay instalment.... again, as Jason put it, its ind preference....
Hi Mark T. / Chuah - Thanks for Julie contact. I have called her to make an appointment. Lock-in starts at 1st draw down really interest me...Am trying to get -2.4 and beyond. Will come back here to update on the result.... wish me luck..
Any advise on MRTA? for how long and the amount to be insured?
So far, the best rate is still BLR-2.3? which bank offer BLR-2.4?
For MRTA is up to individual whether want to buy it or not if your property value more than rm100k.
Phase 1 owners - followup on the ground floor utility room - I just received an option letter from Ideal to remove it. Check your mail or call Ideal as the stated dateline is Jan 20 2010.
Hi Shell Shell,
Thanks for ur info. I will check my mail box 1st.
Already received the letter. I would like to remove utility room. How bout the rest? That removed utility room area more prefer to share among in between guest rooom and kitchen instead of fully give it to kitchen.
I would like to remove the utility room and share the area equally between guest room and kitchen. I have feedback to Ideal. Not sure if they are willing to do it. So far, it has been proved that they did not totally ignore buyers feedback. They are listening. Hope they could really take our input and redeem their reputation.
Guy & Gal, if your would like that to be done. Please do the same. :)
Sam,
Do you receive any feedback from Ideal? Hope you could update us. Thanks.
Hi all,
Ideal did not feedback. They said wait for the letter, which I think most of use from Phase 1 had received. It only has one option - either owner wants to remove or not the utility room. Guess the management is not keen in the other suggestions. What to do? Sales was so good and everyone had signed the S&P. Now they can reap big time.
Remember, those Phase 1 units were supposed to be sold at about RM580k? But when so many people registered for their project and so many requested to be given "special" opportunity to buy first, they decided to up the selling price to RM650k. So sad.
LOL thats funny ...
I'm not an intelier anyway ...
Intelliers thought they are factory engineers as well as building architect that y they request mod this wall, hack that floor.
U will never failed to see kiasu inteliers when they bought even a single cent product also will complaint till the end as of everyone owe them a living.
Old people said, when you see snake and an indian, which will you beat first ?
For me if I see snake and an intelier, surely I will kick the ass of intelier first. Agree ?
My comment didnt mean to criticize certain group of ppl. Sorry if it offended anyone. I just wondering whether lots of factory folks are buying this project.
Folks - I shall opt to remove the ground floor utility room - checked out the showhouse and it is indeed much bigger without the utility room.
The bank rates - so far the best is BLR-2.3. Anyone heard of better rates, pls publish here together with the bank contacts.
BTW - there is a seminar on Common Building Act and Strata Title Act on Jan 30 at Komtar. Check it out www.daptanjong.org/2964/event_20091224a/
Thanks.
did anybody from phase 2 sign the SMP? i received call from ideal this morning that ask me to sign the smp this saturday.
GI Joe
I really like your comment. I do agreed with you. Change here and there, dont know it will landed up like the I regency condo cannot obtain the strata title where the actual built is diffierent from the lyout plan.
Hi Myn and Mark,
my banker only manage to offer BLR-2.2
Which phrase are you purchasing?
which HLB brach did you approach? I need those information so they can appeal for us.
Hi, I'm quite interested in Phase 2 Can someone send me the floor plan and the Master plan to stephenkl@yahoo.com ? Much Thanks.
Jojo, I'm getting from Air Itam branch.
Phase 1 Purchasers - I intend to form a group of genuine buyers to exchange information, monitor the construction progress and work out any issue constructively with Ideal (maybe eventually Joint Management Committee). This can be done via say yahoo workgroup, but I need feedbacks if this is of your interest too, and if it is, how do we filter only genuine buyers participation? Pls reply in this forum with yr feedback/idea and email address. I shall write to you individually to kick start it. Thanks
I hope Ideal will plant trees along the roadside. Better still if is local Sakura tree. If not the show house type also ok.
Shell Shell - thanks for taking the lead to setup the workgroup. Could you please let us know your email so that we could email you individually?
To make sure that those who participate in the workgroup is a genuine buyer, they have to provide their unit number to you. just my 2 cents.
Hi One - pls send to sathu.one1@yahoo.com
Shell Shell and other buyers.. why not ask Ideal to setup one , since they had the buyers list as such no issue of non genuine buyers. They should be interested on the topics of dicussion and they would be aware of concerns right away.
Dua Villas buyer:
Anyone has signed the S&P? Anyone have visited the Phase 2 show unit? The Phase 2 show unit suppose is what you see and what you get, but pls read your S&P carefully! Do you realize that the floor plan has been quitely changed without notify buyer?
changes:
1) From 3 pcs of glass door(sliding type) of the living hall change to 2 pcs of small glass door, which you need to push the glass door to open it instead of sliding it(like the typical clinic door). I guess you might hit your car at the car porch if you car is parked infront, cause the door is puch towards the carporch when it is opened. To compensate the awkward of small glass door beside the main wooden door, developer adds another 2 small glass window beside the 2pcs of glass door. I guess this must be the cheapskate idea by ideals.. so that buyer would have to spend more to hack & change the whole door again to be better looking. guess what, the ganster will earn another big bulk together with the genius who providing this brilliant ideas!
2) Auto gate: change from sliding type to the conventional open type, where buyer would have to wait for the autogate to be fully open before can enter the car porch, you might need to make a big 90deg turn before can park your car safely in the car porch, as the center open type auto gate will accupy more space before you can drive in your car. For safety wise, would this be better?!
I have been reading this blog and saw many bad comments about this developer=> typical cheapskate and chinaman type, wanna suck out the last drop of your hard earn $$. I try not to believe it as i think this join development project with Tunas Muda would be a better one.
But we all are wrong, typical china man constrution company is still the cheapskate one. it will never change! too disapointed. I'll let go my unit!
Hi 2010,
i agree with you. I'm a disappointed buyer like you. I do not knw how many Dua Villas buyers out there feel cheated.
i have few more things to add in on top of what 2010 has listed down:
1- Does anyone realise the floor plan in S&P has many info/measurement missing? This will definitely allow them to hv more rooms/"flexibility" to amend anything later. As we all understand, after the APDL is approved, we will need to adhere to everything in the S&P. No longer the initial floor plan that given during we paid the RM30k or even the letter of offer.
2-Where is our power as a consumer/buyer to negotiate with the developers? They are collecting our 10% downpayment even the ADPL is not yet obtained. (I think this is a motherhood story) Phase 1 waiting period is 4+4 whereas Phase 2 is 6+3?! So what they are going to do with our $ & what is the reason to collect is so many mths ahead? A lawyer told me that they are using the loophole of the law. Do you realise that you are not issuing the cheque for the bal 10% to the developers but the lawyer firm. The law practitioner is on their side to squeeze us.
3- Can u imagine that they are collecting RM200 (mthly maintainence) +RM20 (sinking fund)but we do not have the facility of intercom? then how is the security guard going to control the visitors? Yelling to us or calling our private mobile/hse number? this doesn't goes with the secured concept at all.
4- Developer is liable for any workmanship defect for the 1st 2 yrs. Since the 1st 2 yrs are mainly covered by the developer, why we need to start paying sinking fund of RM20 per month? It may be a small & insignificant amount to us but it is to the developer. They are collecting from all residences.
Let's unite & know your rights as a buyer. Seek your own lawyer for help. I'm, too, consulting my lawyer friend for advice. I'll keep you posted shall i get the feedback from my lawyer friend.
Mike, could you also help check with ur lawyer friend if it's normal to have so many indemnity clause in the contracts? seems to me that is developer's way of pushing away all responsibilities.. i would like someone to blame if a tree falls into my house and destroys my car because of negligence.. that indemnity clauses sort of makes them blamefree..
seriously, ideal should buck up on their documentation/contract wording.
i concur on missing info gripe as 2010 and Mike, I cannot find any mention of type of gates in the S&P anywhere.. and it's conspicously missing in the demo unit as well.. sneaky..
no one's organizing any forum for dua villa owners? can we piggy back on sathu villas forum? or the issues between the two projects would be too different to be productive?
Phase 2 buyer, on hold or delay sign your S&P. Developer is not allow to start collecting $$ before the APDL get approved. As the current S&P have too much of indemnity clauses that are lopsided to the developer and give no protection for buyers like us. I have email to one of my lawyer friend who are now overseas and I'm waiting for this feedback.
Some questions for my lawyer friend:-
1) If the developer have not obtained the APDL, does developer have right to collect $$ from buyer? Answer should be "No"; That's why they are getting the lawyer firm to collect the $$ on behalf, so call the trusted stakeholders to keep the $$. Next question is, does this lawyer firm have the right to collect the balance 40k from us since the APDL not even approved?
2) After paying the initial booking fees of 30k, should we have our right of not paying the balance 40k to the lawyer firm and deny to sign the "S&P" before the APDL get approved? If we opted not to sign the lopsided S&P and not paying the 40k to the appointed lawyer firm before the APDL approval, can the developer cancel our booking and sell the booked it to other desperate buyers who willing to take whatever it offer?
note: pls bare in mine that there are clauses in the "S&P" that mentioned developer have the right to "amend" the floor-layout based upon the outcome of approval by relevant authority and buyer have to accept the indiscriminate change! However, if we sign the S&P after the APDL approved, then we should be able to see the approved floor-layout of our dream home. Signing "S&P" with so much of indemnity clauses & without the approved APDL is equal to putting ourself in highest risk.
I agreed with what Mike & Jon is saying. Those important info like the type of auto gate should be stated clearly in the S&P or at least shown in the show room. Otherwise you are again signing the blank check! I agree to set up a Dua Villas forum in order to make it more productive. But my decision will remain no change, I'll give up my unit. Nevertheless, I'll get the answers for above and share with you guys. Decision is on your hand. God blessed.
2010, do u have a copy of the letter/S&P? I might be able to help. sclhing@gmail.com
1. For similar G&G project like Mahsing Southbay, is there intercom provided to each and every house? can someone advise? I know their monthly maintenance fees is similar to 1R.
2. 10% of monthly maintenance as sinking fund should be part of the housing law today. We cannot skip paying that although the house still under warranty. What the residents can do is to form JMB to monitor the account spending to ensure that is not use to cover for developer.
3. The gate type if not mistaken is mild steel only. Is better to change it to stainless steel. And i agreed the way it open 90 deg to outdoor is rather disturbing and not easy for car to turn in. Further the gate might hit to the car.
I'm Phase 1 buyer. I've confirmed with Ideal GM that there is no Auto Gate provided. Only Auto Gate point is there. Besides, the gate is just the ordinary mild steel with 2 gates open 90 degree outside. I'm not sure whether this is the same as Phase 2.
It will be great if Ideal wants to provide us Auto Gate.
Hi Dua Villas,
I have created a yahoo group ( Dua Villas One Residence Penang) for Dua Villas owners to discuss issues related to the house. Please send your request to duavillas@yahoo.com (please include your unit number)
thanks
Besides auto-gate, probably another plus is to install grill on all doors and windows. This should be something considered a needs these days for landed property. And also skirting for whole house. Developer should seriously consider these suggestion.
2010 and Mike,
I've highlighted the concern about Ideal pushing people to sign the SPA back in 19-Dec (see my comment @ 12:44pm).
My advice then (a month ago) was asking Phase 2 buyer not to rush into signing the SPA, because the developer is taking the "hot cake" syndrome from the Phase 1 sales.
Ideal has to proof their quality from the Phase 1 before getting into Phase 2.
Hi all. I'm a buyer of 1Residence and visited the showhouse recently. I noticed that there are huge cracks on the walls on the show units. I'm unsure if anyone else noticed this or have had a chance to talk with the developer on this. I can live with bad design, but having my building crack is something I don't think I can easily fix if it's due to structure or foundation or something similar. Anyone have had a chance to obtain feedbacks from developer? I have contacts of the sales staff, does anyone know of a better contact?
Thanks!
hong leong bank loan minus 2.3. pls call julie for detail, 0124824160
Phase 2 buyers:
just share some answers from previous post.
1) Does the layer firm have the right to collect the balance 40k from US since the APDL not approved?
Answer from a lawyer friend: It is up to u whether to sign the S&P and pay the balance 40k at this stage. The developer can't force you to sign the S&P since the APDL not even approved. there will be always a risk if you sign on a S&P agreement with such clauses in the S&P contract: "The items stated above are subjected to change and modification as required or recommended by the approval authority/consultant of the vendor" or "All subject to authorities approval". You can imagine what if not... Well, greedy developers are created by desperate buyers and they can only be successful with the helps of desperate buyers. You have your choice.
2) After paying the booking fees of 30k, do we have our right not to pay the balance of 40k and deny signing the S&P at this stage since the ADPL is not even approved? Can the developer cancel our booking and sell our booked unit to other desperate buyer who willing to take whatever it offers?
Answer from a lawyer friend: As long as the buyer doesn't sign the cancellation form or not cancel the booking by written document, it is unlawful for the developer to "invalid" your booking (unless you have signed other documents from developer with such clauses that allows them to do so) . You have the official booking receipt and document with you, the developer can't force you to pay the balance at this stage and can sell your booked unit to others either. But they can continuously persuading you to sign bla-bla-bla..
Again, You have your choice.
correction:-
2) After paying the booking fees of 30k, do we have our right not to pay the balance of 4ok and deny signing the S&P at this stage since the ADPL is not even approved? Can the developer cancel our booking and sell our booked unit to other desperate buyer who willing to take whatever it offers?
Answer from a lawyer friend: As long as the buyer doesn't sign the cancellation form or not cancel the booking by written document, it is unlawful for the developer to "invalid" your booking (unless you have signed other documents from developer with such clauses that allows them to do so) . You have the official booking receipt and document with you, the developer can't force you to pay the balance at this stage and CAN'T sell your booked unit to others either. But they can continuously persuading you to sign bla-bla-bla..
2010, pls read the Letter of Offer and get your lawyer's friend advise.
Hi,
Does anyone know whether from Dua Villa project, can you access to the road leading to the airport? Or the only access road is via Sg.Ara/SP Setia?
To all buyers,
I spoke to the bankers and developers today about the loan that they are planning to propose to all the buyers. Apparently I was told that Public bank have initiated the discussion to have gentlemen agreement amongst the bank to offer only BLR -1.9. I told them that the current market rate especially in HSBC is higher. Why are they having meeting to give the purchaser minus 1.9 only. The main objective is to monopolize the market. This is not fair and I have question one of the participating bank and asked if it was legal for them to meet and talk about this. I said if the rate is better, as consumer, we will not complain. If the rate is bad, I will be the first one to complain to Bank Negara. She kept silent and I spoke to another banker and I have the feeling that what they do is not right. Please note that if they ever dare to give us uncompetitive rate, we will all complain to CAP and Bank Negara. It's not compliance for the banks to "pakat" and make us pay more. All the banks were participating except HSBC. And HSBC will become one of the panel once APDL cert is approved
Phase 1 Purchasers - the yahoo group is setup. http://groups.yahoo.com/group/sathu_one1/
Talked to couple of friends from construction industry, they told me that Ideal Home is not in good financial condition. Anyone hear anything similar or have any insight on this developer?
According to the Koperasi Tunas quite a top guy, the reason they turn key the project to Ideal is because Ideal commit to give them the profits much much higher than others developer like Setia and MahSing. But in actual they also worry the same things,not sure they able to give what committed.
Tze/all...so is this a high risk projects? Heard that one of rich focus subsidiary (though separate co owned by the IH MD's family) is filing bankcrupcy, that concern me a lot...how to check if this is true & who can validate? However, checked with a banker who deal with IH, the risk mitigating factor the bank is considered - the land is owned by Tunas Muda with solid financial who can step in if anything go wrong & Ideal Home so far managed to deliver all the projects.
Tze/Chan - if you are already the buyers, my advise is that both of you better back off to have peace of mind. If you did not managed to get any unit, NO CHANGE AT ALL now cos all units booked and we buyers not letting it go. The bank is right, so were we. Anything went wrong, Koperasi can just step in and move on since the sales is so good and profit ready for the taking.
dont disagree with CL...my intent of posting is to collect more viewpoints since i got one week to go before S&P. I decided to bet on it just because of the Koperasi back up plus i really like the location & design concept. If the developer is Mahsing/SP setia/Sunway, no second thoughts.
Btw, just last week, there is a phase 2 unit#44 for sale direct from developer 22x85 @ $728
Well if MahSing/SP Setia/SUnway u can guess what price we would get?
Concur with CL, anyway such rumuors would not spook buyers to let go.
If really confirmed news please specify who exactly mentioned the info so that we can bring straight to IDEAL to clarify it.
Chan, just checked. Intermediate lot all gone. Only left corner units either big lots or facing junction lot. There are still many ppl on wait list for intermediate lots.
I would like to know more about the progress of the Sathu. As there is still two kampung houses still exist in that area? Can somebody advice?
Hi All,
I would like to get one unit for phase II or III, any ideas the price and chances ? What is their email contact ?
hi all,
anyone know have Ideal already obtained the building plan approval ?
as can see Ideal already start the piling work.
Source info from Koperasi Tunas, they havent obtain the building approval from council yet.
Prepare extra $$ for renovation, because this developer will find a gangster contractor and setup a booth at the site.
E.g Ideal Regency.
Good luck
Just now I went for PIP 2010 and they going to launch Phase 3 (Tree Residency).
Does any Phase II (Dua Villas) buyer signed the S & P Agreement. What the interest rate the panel bank given to yours? TQ
affin bank can offer blr - 2.1.
Hi! deeshien, thank for your information provided.
Does any person have sign the S & P agreement for Phase II Dua Villas?
According to the Housing Tribunal, if the dev. APDL is not approved and you are forced to sign S&P, you can write to complaint
For those who hv already signed the S&P, you can also write to the Housing Tribunal
TTRP ZON UTARA PENOLONG SETIAUSAHA,
Tingkat 2 Kompleks Sempilai Jaya,
13700, Seberang Jaya, Prai,
pulau Pinang.
Tel: 604-3979371
Fax: 604-3979403
http://trendsideas.com/ViewArticle.aspx?article=13484®ion=23
Any news for this project? I heard that APDL going to receive within this few weeks, is it confirm?