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 601 – 800 of 1006 Newer› Newest»gbshi,
It's all about supply and demand. One can continue to cry over the legality, but at the end the rest of the units are taken up.
Housing Tribunal will just advise you not to sign, and it's up to you to decide. Alternatively, they will ask you to write in officially, and it takes months (if not years) for them to take action (if they want to take action).
You probably prefer a developer like BoonSiew where when they launch, you pay and sign within the same day. You can confirm the bank loan, but the unit will not be reserved for you.
And the price goes up every 20 or X units that they have sold. Up to a point when new purchasers feel "unreasonable" to not buying, BoonSiew just keep the remaining units for rental income, since they're CASH RICH.
BoonSiew follows the rules, but you pay for the price.
Hi, pls drop me an email at homeloan.society@gmail.com if you are interested in reducing loan interest & BLR mgmt.
Wonder why people buying this project when SP setia is overbuilt with tons of unit investor trying to speculate pricing but end up earn nothing...
Tons of banner for sale/rent for sp setia..
Good news to all buyer! APDL is approved.
Joe, usually it is easy for developer to sell their unit because buyers buy direct with Freebies and considered 1st hand purchase. When it comes to subsale, usually no Freebies and buy at secondary market price = letting ppl profit after the developer thus the over supply of stock purchased by investor.
Just passed through today, they have finally restart the foundation works for some parcels and notice the column is quite thin (minimum size compared to the one I am staying along Persiaran Kelicap. They stop work for 2 months. The party wall also at minimum requirement i.e instead of 9inch, they provide 4.5inch. Why cut cost? when they are not selling cheap!
Charice,
Did you actually go and measure the wall thickness? Or just by estimation. Can you go into the construction site
Maybe someone from Ideal in this forum could answer or give us info on that
Dear Keith,
This is general knowledge. A piece of brick is 9inch in length and 4.5inch is width. If you see the way they lay the party wall, you will have an idea what I am talking about. I was looking closely on the construction of my house and I roughly can know what is going on. Probably Ideal people can explain about this.
Hi Charice, if you are staying in one of those units built by PPH Resort years back. Pls take note that the material used for the house is CSR Light Weight Block which is thicker in size but hollow type ( CSR = block sugar that we have with coffee. it is the same technology used). This type of material has its pro and con. Pro is that the building will be cooler since it has insulation like 'block sugar' but not as solid as the common brick. CSR method can partly serve as the column thus no concrete column is needed but you will have difficulty in hanging anything on the wall unless you purchase special nails from Hilty. Anor setback is that you cannot simply remove the party wall as it is function as the column as well. In short, limitation to renovation. Well, the technology is only suitable to those 'Amoy' country and definitely not Malaysia. There are only very few projects using this method due to cracks problem. This is very popular in Australia.
CL,
For the record, I am not staying at the PPH units. I am one of the owners in the IOI contractor's units.
I believe you must be from Ideal. Great! You have not answer my questions yet.
My interest in the one residence is because my brother bought one unit there and he has been pestering me to find out. May as well post this question in the blog.
is this a bad news ?
http://www.kwongwah.com.my/news/2010/06/04/1.html
The report says that the members of Koperasi Tunas Muda is sueing the Board of Koperasi Tunas Muda for not getting their approval before signing the agreement with Ideal Property.
They are now seeking court's order to stop the progress/construction of One Residence, Dua Villas and Tree Residence. Besides, they also seek the court's decision to announce the agreement between Ideal Property and Koperasi Tunas Muda void.
This means the completion of the projects will be dragged indefinitely? Anyone has any update?
Dear All - I believe most of us is about time getting our loan docs stamped and release the 1st 10%. I have just informed my bank to on-hold any payment until they hear from me. Maybe if many of us witheld the $$$, it will pressure Ideal to come forward to explain. thnaks.
Dear Charise
Thank god that you are not one of those who owned units built by PPH. I know how the construction work done in details because i was one of the previous owners and i and my family members are also the buyers of Sathu Terraces and Dua Villas. Just sharing my findings and from current observation, the material provide is equivalent to the standard provided by S.P. Setia. Shell, Shell, no need to presure ideal to give explaination. Just called and they will give you letter from Koperasi which is self-explanatory. I have contacted them on Friday and got an email copy from them a moment ago.
Shell Shell, btw to hold on any releases by the bank = termination clause which will risk buyers having their 10% forfeited. Maybe you should contact Koperasi and consult your lawyer.
Hi CL,
could you please forward the email from Koperasi to my email account. kyloh_85@hotmail.com
thanks
Hi Cl,
you have the email from Koperasi? Is it regarding the court case of the project?
All the rumous on this project have been make me worry, especially on the latest court case. Anyone can tell how confidence u are on this project?
2 developers in this joint venture project, one is cunning and another one is stupid(do not know how to develop the project) and greedy (choose blindly the developer who offer the highest $ during project open tender,even big developer and SPSetia and Mahsing dont grab it).
Those invested here must pray hard so that the project doesnt stuck half way.
what is the difference. If SP Setia got it or Mahsing got it would be the same outcome.
Aiyo, Ideal already sent out all 3 letters (from Koperasi, Ideal, and lawyer) to all the purchasers to clarify to the situation liao lar.
SC, why so "sour grapes" ??
Kim, pls contact your sales person if you are a buyer and they will either fax or email to you the letters.
SC , with open tender. The members still make noise, however about those land awarded without EGM or AGM? Lagi high risk kan? What say you?
Simple lah, this thing can be settled easily, just pay those 'bising' guy some money to shut their mouth loh. Nothing much they want except money.
The most important thing is not to delay the progress of the construction.
CL,
The reason the member make noise could be they dont get enough on their dividend sharing. Fyi, this developer tender out the project first before get the agreement from their members.Another reason is if they didnt tender out the project, the member have the priviledged to buy the house with 10% discount.so they lost their investment chance.
what their member want is easy $.
I just called Ideal, this project will be on hold for 6 mths to 1 year.. Awaiting trial.
Hi Joe, pls verify who have given such information. Just went to the site, construction work is ongoing as usual.
Hi Joe, your statement is contradict with Ideal's clarification letter. Are u sure u are publishing a valid statement?
pheww.... initially my friend and I were queuing to buy 2 units but somehow the sales never notify us. luckily we did not managed to buy it....
What is the latest status for this developer issue,already settle or still need for trial ?
Phase 2 APDL approved. Construction on going. Banker arrange for loan agreement. Called dev office recently, was told that their lawyer cannot locate any court order nor receive any black & white asking them to cease the project work. So i suppose things are fine. Anyone hear anything contrary?
To Mr Tan,
如果您可以用语言的强弱来践踏一个人的自尊。
那别人也会以您的谈吐来衡量您的修养。
anyone knows what is the back-to-back distance? i saw the row behind the showhouse seems to be very near to the front row.
i wish to inquary about 3 story semi-d or 3 story terrace of tree residence..do you intend to build it?i more interested in 3 story and i want to know the price 3 story n 2 story of tree residence..please inform me as soon as possible..thank u
Hi khan,
Tree Residency only launch by end of this year and the pricing not finalize yet.
Piece of advice, this developer is very VERY corrupt..
Their recent 'Sure Strategy Management' which manage their condo, just got kicked out due to dev pakat with their mgt to scam/cheat resident's $$$
http://img833.imageshack.us/i/imgvq.jpg/
Look at the ridicilous figure
With Merica showhouse coming up, let’s compare again. I mean basically the 3 new similar project among the Merica, SP setia Pearl (completed) island and One Residence (phase 3 soon) terrace. I prefer 2 storey terrace and safer environment but reputation of developer keep me one step back (not out yet).
Which one make more sense to invest and have better value and stay in longer term? Let’s weigh theirs pros and cons. Anyone?
SP Setia Pearl Island 3 storey - Average land area: 1400sf, Buildup area: 2400sf. Developer ok, Location ok, 3 storey staircase to climb. OC obtained.
One resident 2 storey - Average land area: 1650sf, Build up 2360sf. Developer reputation not so sure. Location ok, 2 storey with almost the same buildup area compare to SP, Garded gated monthly payment.
Merica 3 storey - Average land area 1400: Buildup 2700sf. Developer ok, Location close to cemetery, Largest builduup compare to above two, Expensive, 3 storey staircase to climb.
Summary:
Developer: SP and Sunway Merica developer are more wellknown compare to Ideal. Ideal reputation is not as good as SP and Sunway. But seems more people like 2 storey then 3 storey in the area. Ideal sold 95% for Face 1,2,3. Ideal should be able to complete the project due to good sales from the project. Just wait for completion and strata out and let the Residence Committee to take over then will be fine. Over 500 owners agains 1 developer. If anything happen for sure many willing to step up again the developer.
Service: Ideal is gated and garded have to pay monthly service. If you can pay thats good for some extra security. and for sure you won't get kindergarden or car dealer open up business next to your investment.
Quality: not so sure of all 3 developer workmanship. Anyway is all build by Bangladesh workers. For safety buy SP you get what you see...
Location: SP and Ideal location is better then Merica. Merica too close to cemetery and the enterance kinda small and hiding behind the single storey at the main road.
Size: Merican is largest among the three but more expensive. One residence has larger useable area, looks larger and less stair case. One residence 2 storey setting has almost the same buildup area compare to SP and Merica (2360,2400,2700). If you can climb and young..go for the 3 storey.. but for long term 2 storey is much more easy to manage and maintain. At lease you don't have to setup Scraf folding to do maintenance work in the future if water lickage/painting/wall crack/windows lickage problems. But all the can be solve by paying contractor to fix.
If thinking of buying go ahead make your decision fast. I was waitting property price from 600k jump to 800k. Miss out 600k mark and have to pay 800k now. If you buy for your own stay landed has higher return compare to other properties like Condominium and super condo.
Thanks!
Let’s say developer is not an issue....Just wonder if worth pay for the maintenance fees.
While in Pg still seeing many not prefer strata landed but in KL this is almost a must to sell new project and appreciate faster. Not sure if this is something Pg people may eventually adopt.
Lets look at this way. All strata owner staying in flat, apartment, condo and etc already adopt paying monthly maintenance from RM50 to RM200 or more. So, those own a new 650k+ property should have no problem to pay for an extra security and maintenance work on the pool and gardening.
In KL Hatamas/Damansara landed owner setup committee to manage and hire security guard at road entrance for the extra security.
Penang island getting less land for large guarded & gated project. If the project is too small then it will be too expensive to apply gated concept. Example: Sierra Vista at bukit jambul by IJM 32 units owner have to pay about RM500 each monthly.
Thanks for good sharing.
No way I want to pay RM500/mth....~RM200 ok la since paying condo also about that. plus I can park my car in front of my house. Better use the extra for children education.
Anyway just being informed yesterday TheStar Metro full page Phase3 advertisement, RM768K for 1540sqft.....by land size cheaper than Setia Greens & Merica.
today everywhere is flooding in penang island. the road from sg ara to tabung haji also flood like hell. that road used to be flooded since long time ago.
is this project affected? the show house how?
Hi beehui,
Are you sure that one road leading to teluk kumbar and bayan lepas town was flooded?
After knowing this I need to reconsider buying there. I have in mind Tanjong Tokong, Batu Maung or Bayan Lepas as alternative.
Anyone can comment on the flood at Sungai Ara?
Phase 3, Tree Residence open for register.
I could see a newly tarred section linking 1R to the (airport to BJ) road. Is there supposed to be a new road link from 1R? If it is, it is going to be really good, no need to depend on the sungai ara road that much anymore
Really there is new road? Which side? What i see is the construction area been fenced up.
Anyway Phase3 showhouse not ready yet....any idea when can see?
If you travel from Airport to BJ, you'll be able to see a section of the road on your left just before you reach the 1R project. I am not sure when Ideal is going to complete the road. The project is moving really fast, wonder when they are going to finish it.
Phase 3 show house? No idea.
Thanks Lim!
Will check again.
At least I dont have to pass thru the cemetery area and cramp with older housing areas.
Hope they will complete as seeing is believeing (better than listen to sales talk only la). Will decide when they have showhouse ready.
i saw the tar road section too and was guessing that it was the promised 'to be open' road for 1R.
Hi. I would like to know that what is the price for Sathu Terence Residence in the market now?
I think it is a bit early to talk about it as we should wait till almost complete 1st.
But why not do some maths.
3rd Phase (to be launched)
Indicative price RM768k (cheapest unit) for land size 22*70=1540sqft
Price per sqft=RM498.70
Sathu
Std land size 22*75 = 1650sqft
IF we take current Phase 3 rate , 1650*RM498.70= RM822k (assumption only!)
(Sathu investors may give some discount...hopefully.)
*Assumption the density of units in each phase and others criteria not taking into consideration.
*Both sit on flat land
Let’s compare a little further.....
SP Setia Island subsales per sqft ~RM520 per sqft
New Sunway Merica Price per sqft ~RM543 per sqft (very little freebies)
Setia Greens ~RM690 per sqft (some freebies)
Southbay Gated & Guarded subsales ~RM606 per sqft
heard show room will be ready around CNY.
hi all, attached here with the buyer guidelines for the strata title property. the item 5 stated that the schedule G is for the landed property and schedule H is for highrise.
http://www.tambunindah.com/html/buyers_guidelines.aspx
http://www.ibbm.org.my/pdf/KRCCP005%20CCP%20P2%20Chap%2006%20amend%20030807%20pg29%20to%2034.pdf
Hi all, i have encounter some problem for the S&P that we had sign. so need to open for discussion.
recently i have met a friend who is a building management consultant that had told me some of the issue regarding the schedule H S&P that we have been sign. The problem common happen in KL, and the house owners eagerly to solve it with the developer. Actually the developer shall use the schedule G instead of schedule H.
Some says that for houses in GG development, it employs strata title ie Schedule H, which does not come with the land.
And some developments in GG development employs individual title ie schedule G that actually comes with the land.
mean that for our case, the land is not belong to us. we only owning the house but not the land. but if we sign the schedule G, the land will be belong to us.
so after 5 yrs when we want to obtain the strata title, the land surveyor will be headache to subdivision the land area.
there maybe have 3 condition can be happen.
1. the house land belong to us , but the backyard and car porch not belong to us.
2. the house belong to us, the land totally not.
3.for the corner unit, the house belong to owner, but the extra corner land area that owner already paid but not belong to him.
4. the swimming pool and all the facilities belong to developer but not the management.
we still have chance to talk to the developer for the issue.
attached here with the schedule H and G for your study..
http://thinkproperty.com.my/realestate/Forums/Planning-approvals/ReGated-and-Guarded-Strata/Indivual-title.html
http://www.shearndelamore.com/images/pdf/newsletters2008/2008_sep_re_news1.pdf
http://leongdeikun.blogspot.com/2010/11/schedule-g-h-for-spa.html
http://www.hometrik.com/index.php?option=com_content&task=view&id=198&Itemid=58&lang=en
the strata title refers to the parcel (which in schedule H says building or land. in which case of landed property like Sathu should include land).
per the layout of the parcel that was signed, it include not only the building but the land area as well as such the house and the land pictured belongs to the buyer as it makes no sense and is a complete joke if a corner unit owner own the building but not the additional land he paid for.
Don't think it had to be that complicated as describe unless we deem our current title and land laws a mockery to purchaser.
those learned should comment on the matter as it does raise the need for further clarification.
I am not expert in all this legals stuff but as per my understanding even staff from the legal firm they engaged also buy into this project.
Hope this is a a good sign that we are not being short change legally.
My understanding in the case of "strata title" is that there is not subdivision of land. The land and all the common properties (service road, backyard, swimming pool, corridor lift, etc...) are subdivided by what is known as "share unit".
In this case, the corner unit (with bigger built-up and land area) will have bigger "share unit" than intermediate unit.
It is impossible to subdivide the land for each unit, because it's like shareholders in a company, where nobody can subdivide assets in the company.
Hope my understanding is correct.
How the response for Tree Residency (Phase III)?
I have no time to see personally the latest update, but heard selling fast already ....can book with RM35k (a very big deposit require)!
Pass through the place on Thaipusam. Showunit of Tree Residency is undergoing renovation i think. So CNY will have the show unit ready. Place my Booking for 1 unit @ Tree Resindency. Alot of buyer and pretty much snapped up all units when i was at the sales office couple of weeks back.
This morning I went to showroom. Look nice and almost sold out.
I went to the original unit showroom and found that I really liked it. I liked the extra width and space of the unit... and I guess I didn't mind that it was 2 storeys instead of 3.
I had actually compared the units at SP Setia and also Sunway Merica. True enough, Sunway Merica had the best built-up for price (it's about 788k for 2715 sqft (20x70)). But location wise, it's beside a cemetary.
Based on built-up, Tree Residence is probably the most expensive, but somehow I feel in love with it.
In the end, I booked Tree Residence eventhough I had two worries in my mind:
1) Hopefully Ideal will be able to deliver in the end despite all those news/rumours about how corrupt and troubled their company is.
2) Hopefully the place will not be too 'dead' when it is completed due to oversupply and too many speculators.
Guess all I can do now is to just hope for the best.
3) hopefully no flood at the place when heavy rain
Looked at the ShowHouse Unit. Very nice and all space is used with no akward pillars or blocking angles. Units that was left was the bigger size 24x70. Hope that there will be no hiccups since nearly 70% taken up with only left the SEMI-D and 24x70 units.
BeeHui,
Has that area or its surrounding been flooded before?
I'm still able to cancel my booking within 2 weeks and definitely will not take the chance of it flooding.
Hi All,
Any ideas buying One Residence is better than Setia Pearl Island ?? Im considering to buy in that area. pls give ur valued comments. Thanks
Louis
you should see both projects and evaluate their respectives pros and cons.
share your thoughts after evaluating. :)
Louis, it is very perceptive really. Depending on what you are looking for, each individual will hv different views and opinions. For myself, I like that 1R is nearer to the main road, nice & wide layout, is double-storey and has clubhouse facilities. However, some may like SPI as it is an individual title, on higher ground and is 3 storeys. Another factor is how soon u need the hse; if quite urgently then consider SPI as it's completed, otherwise wait 2-3 years for 1R (and most likely 5 years and more to hv 50% occupancy). Like what Jason has said, it's best that u view both urself ;)
Louis, I too contemplated whether to go with 3R as have to wait as when SPI is readily available in abundance. Any time you call an agent, they will coming running with tonnes of unit to show you. I am getting for myself to stay and i could wait since i have waited for so long to get the right one. Size wise is just fits nicely and double storey is sufficient space of usage.
speculator disposing house. 750k-680k = 70k gain from ~70k deposit. 100% gain. Thats the reason why more and more speculators hop on the gambling bandwagon.
Seems the govt move to impose ruling to curb speculator is a good move with imposing higher downpayment on the 3rd property onwards
With raising building material cost and labor, inflation and provided limited land in the island, then is normal the asking price shall according to current market rate. Bear in mind Sathu is 22x75' compare to Tree Residency 22x70' which was already selling at RM758k on wards.
And is the banker who provided the finance package of 10% deposit against the conventional progressive payment. Thus, this has nothing wrong with the deposit you mean. When the buyer paid $70k cash as deposit to developer, the land has nothing except the 3 show houses. Buyer (or specuator you mean) beared all the risk behind if project fails.
He is now selling the house after Sathu and Dua project in the completion and Tree Residency launched which gave an overall view of what the future township would look like. So 750/680 = ~10% profit that is what he is asking for. Is actually less because of Gov 5% property tax. So, if you envy the gain, did you look at the risk where the first buyer has gone through?
Well done Trek....
Please don’t envy others success or so called profiteering. They took risks amid uncertainties in the bad market and not so reputable developer. Nonetheless the point here about selling price is about the market force which translate into market price.
SP Pearl Island cannot be direct comparison as it is not real G&G concept and sitting on hill slope so to speak. Closest is South Bay but asking ~$1mil (same land size but 3 storeys), then there is new BSG Permai Gargen Terrace (1440sqft) G&G asking ~$1.3+Mil. So do u think $0.75mil is high? Even now u need to hope for someone to disqualify loan to get the 22*70 Tree Res unit and I m sure they try to mark up RM30k.
The truth is IDEAL is not as branded as SP Setia, MS, or BSG. Otherwise I can bet that Tree Res shall be price from $900k onwards.
In property believe in location, timing and last nut not least calculator too.
we can clearly see speculators own most of the homes.. just like SPI. Well that should ring warning bells for investors and home buyers.
then again, at 750k it would be better for genuine home owners to buy sathu then tree which is already at 768k and yet to be built.
We will see the same crisis which happen same as Setia Pearl Island ...soon . Once too many speculators involved , we have to pray to god everyday to ensure the supply is well absorb by the strong demand. This is Sg Ara not Seri Tanjung Pinang . Beware of artificial high demand created by certain irresponsible jokers. Who know you can get through auction or urgent sales at lower price after OC . Some of my friend got the Setia Pearl island XXXX below cost .
When is Sathu Terrace expected to be completed and when will the OC estimated to be obtained?
I am a genuine buyer for own stay, considering between Tree Residence and Sathu Terrace subsale.
Hmm, I agree with Ted. I think there are too many speculators in this project and SPI. So, it is good for genuine buyers. Haha.
I think if one is planning for own stay, there shouldn't be a worry to take up this project, right?
averagejoe if u are looking to stay then u are in good position to consider. especially with speculators letting go sathu now which u can choose vs tree. 750k no doubt good deal for sathu compare to putting 768k for tree.
Just checked back the initial blogs, when the phase 1 was 1st launched there were many doomsayer.
Attacking the location, developer and etc. yet even the higher dense Phase 3 also almost sold out within the launching period. Unlike those so called high quality developers, I don’t even see any banner (except the billboards near roundabout) hanging around to promote....yet it is SAPU. Now no more Phase 4.
It’s fun getting into these constructive forum.
Let’s see who have the last laugh
Hi Fence, it looks like you are one step behind the competition. Normally in Penang, the property that are really attractive do not need that much publicity, because in Pg, the news spread really fast. You should be worried if they advertise over and over again because it shows that the property are not selling well, even though it is from high quality developers
Anyone has the spec for Sathu Residence? The layout and material used. Would like to compare with Tree Residency before make decision. Thanks.
Please send to me
takocm@gmail.com
loo u can get it from the sales office or ask from the speculator sellers (since they want to make profit they sure would help you make up your mind.)
Does anybody know the master plan for the development site? Will there be commercial lots, condos?
not sure how to on Semi-D three residence vs Juniper of SP setia. any thoughts???
I think it is about what is your priority.
Whether you prefer better security and lifestyle OR prefer individual unit with branded developer?
With today crime rate and the proximity to some low cost flat, if I got choice (but unfortunately I don’t have) I would definitely go for Tree. Thieves are not stupid as they know if u can stay Semi-D u r richer and also easier to penetrate your house with additional side to enter.
Then again it is individual preference.
I am thinking of starting the discussion of subsale market price.
Let say we take the standard unit 22*75 type.
Similar G&G project with same land size is at $1.05M (chepest), means $636/sqft
Then nearby new Setia Green (non gated somemore) $900k for 1300sqft, means $692/sqft....surprising still got buyers!
If let say we take $50k off for one floor lesser and another 5% lower due to not near to sea (actually better due to less Tsunami risk). Another 5% due to non reputable developer. We should talk about market value $900k...isn’t it. Don’t forget that One Res have very good spacious and modern layout advantage too.
Anyone to try to debate it?
do u guys know when bumi lot release for sathu residence?
Hi KM
Can you pls send me the floor plan?
email: markwoo82@gmail.com
Thanks
Hi KM
I'm interesting the floor plan, please email me markwoo82@gmail.com
thank you.
so far only buyers. No Sellers?
From my survey, most of the buyer for Sathu + Dua is genuine buyers.
Speculators a bit scare off due to many issues by developers in the beginning.
So they expect to be paid off handsomely for their risks. Those who want to sell ask for high price given the high market demand for G&G as proven in Southbay.
The problem now is there would be no Bumi lot to be released as the intermediate all fully bought...so difficult to gauge the developer secondary price. Will be market force.
Hi Penang,
How come will be no bumi lot release? Bumi lot all also sold to Bumi already? Or they want keep it ?
Thanks
I was told the even Bumi standard intermediate unit are taken up hence left those corners for balance of Bumi units. I think they are quite a number of upper/rich class Bumi buyers/investors here.
U can also confirm with developer directly.
So u mean now intermediate unit already bought by bumi already just remain corner unit? I called developer, the salesgirl told me bumi lots not going to release only..
correct. So bumi corner units have to wait till completion.
Need advice from the investor. How much should we sell? Being approached by few buyers but undecided what is the number to sell.
I was shocked to know that Sunway Cassia which were surrounded by low cost flats with 1300sqft land sold at 900k also being snapped up.
Hi Fence,
What is the highest offer you get so far? Is your unit the standard 22x75?
yes. so far below $900k. If u bring in people who know well on KL DESA Park City, chances they can tell u >$1mil upon completion.
Most definitely >800K for sure.
Seeing and comparing the other alternative like SPI and Sunway would probably set the market price. ~900k still reasonable
This will be another acid test on the popularity of the G&G lifestyle concept in Penang and more specifically to the factory executives/managers who form the majority of buyers there. $900k and $1mil is a psychological number to be breakthrough. SB has done it and there is no reason it cannot be repeated here. Many “old” Pg based developers still unsure as they thought Penang Kia not willing to pay maintenance fees. Let's see who is right?
Hi,
I don't fully get it.
I though a house can only be resale when there is VP/OC? Why there is ad for sale already?
It is to lock in upfront before open market price.
Wau...i just realize in the website got people (through agent) sell RM980k for standard unit.
My God, I cancelled my booking for Phase 1 after getting from this blog about the reputation of this Developer.
Aiyo... price has gone up so much from the initial 640k.
This is unbelievable :(
This blog is an important platform for all the property buyer/ investors/ bankers etc to share and debate their views and info too. Hence it is up to us to decide which the right info is and do our own analysis.
If u follows this forum closely, there were many countless times over the past 2 or 3 years that people were complaining about the high prices in Penang and bubbles. At certain time I was nearly conned by these doomsayer too. They forgot that Penang is unique and dynamism of people and economy are truly resilient.
Believe me, that their latest Ferra Vista Condo will again be bombarded by critics. Well it is good to see and hear all the good and bad.
But believe in facts, calculator, real market pulse and not the sentiments.
Hi Fence,
Which website says ppl actually sold at RM980k? apartmen.com or others?
Probably not sold at RM980k but more to asking for as high as RM980k
Hi Li Ching,
This is the weblink:
http://www.fullhouse.com.my/public/pub_proad.asp?proad_id=161761&ad_id=7&city=579&pro_cat=r&state=pg&pro_type=&price_range=&sort=&ad_type=s&min_price=&max_price=&skeyword=&withpic=&noimgsort=&sale_cat=
This is the asking price .. not sure if it has been transacted.
Hi Daphne & All,
I have rethink....... I am not ready to sell my unit.
After seeing the E&O backyard garden. Also after benchmark the Desa Park City extremely nice and successful G&G. http://www.starproperty.my/PropertyScene/TheStarOnlineHighlightBox/11585/0/0
Mine is facing the SP Setia hill with the common backyard garden.....i can just step out from my house and play with my children at the landscaped backyard.
I am heavy heart to sell now...not even RM1mil. I afraid I cant buy back similar house then or it may cost me too high then.
The 980k unit seems likely a corner unit.
If most of buyers are home owners who dont plan to sell, the few speculators would be delighted at the $$$ gains.
I checked the agents those are std unit. Corner unit surely >1mil.
There is one without the backyard garden type where the land at back longer.
1R is perhaps of the few handful G&G with DST (mostly 3ST) and unique backyard landscape garden & nice swimming pool. The ratio of the project per house is also reasonable and hence the maintenance fees is reasonable too.
I am not bad mouthing but for SouthBay, the front for car park is way too short and leave too big area at the back. But to be fair the 3 storey is bery useful for big family.
Even in SPI forum there are positive comments on 1R benefit the overall area demands. so check it out.
Anyone getting loan offer for 3R? What is the BLR rate that you guys get?
Hi Loo,
So far, I think all the panel banks are offering BLR-2.4. The difference are for the first year, but it should not be relevant for us since the developer will absorb that.
Btw, the Ideal agent told me that we will need to get the loan from the Panel Branch (Yes, not only the Bank but the exact Bank branch). Otherwise we will need to pay the interest ourselves then only claim from Ideal which will be a hassle (and of course the claim is only applicable if the bank itself is a panel bank).
The panel bank branches, so I've been told, are:
1) Hong Leong (Pulau Tikus)
2) AmBank (Liang Court, Northam there)
3) Public (Butterworth)
4) Affin (so far no takers)
I have not signed my S&P as I had some trouble with AmBank. Apparently the bank has trouble believing my current salary at my age. I'm <30.
I find it absurd, and will probably apply from Hong Leong instead.
Cheah,
There is unit for aution at 900K under Sri Shan Bid. Check Sin Chew newspaper yesterday.
How come it is so expensive nowadays? I heard SP Setia selling around 700-800K, and this costs RM900K?
Hi,
Please compare apple to apple la.
the concept, lifestyle, land size, build type.
Another question is that whether have you seen both house (original unit) before comment it?
You can throw the question to Southbay first and study why it is now hitting $1.1M (same land size with Sathu.
Anyone know when the OC will be obtained for Sathu Terraces? Early of next year or longer?
Heard end of this year. developers have plenty of time from its S&P. There are now rich and do not have to rush like those old days.
The later it obtain the higher the price will go up. Many are awaiting its Bumi units releases.
Guys, lets face it, there are more choices if wanne buy at such price. 900K for a terrace in such area? think twice or think 100 times.
Can someone get another DST 22*75 landed G&G project <900k in this area (other than One Res)?
I thought the above people just mentioned on apple to apple comparison?
New project vs new project?
Concept/lifestyle.
Have u seen the SP Setia and Sunway launching price?
New latest SP setia 988k for 1200sqft land size.
Good luck....
For those interested buyer, do take a NOTE here:-
One residence is having strata title. Strata title means that you do not own the land. The developer may deposit the master title to bank to get loan/funding for their future projects. The worst is what if the developer file bankrupcy as what has happened to Pernas at N-park? SPI & Soutbay should be less worried since they are strong foundamental developer. Watchup for One Resisdence. Ideal have bad reputation before. Think twice. With good developer, you will usually get your strata title within 3 years.What happen to N-park is that Pernas bankrupt before the strata title being issued to the individual owner.
Take serious consideration.!
By that , bryan you are telling people not to buy any condo too, since all condo are strata title.
A bad reputation developer had more to prove hence better chance it would be a great success. Those who bought One Residence knows the risk.
That is the reason One Residence buyer is getting much more for their money compare to competing SPI or Sunway.
Believe the price will go up further once strata is transferred.
:)
Well the problem again and again....some people just talks. Please backup with statistics and data.
How many projects were abandoned or failed to get Strata in Penang? What are the % vs the total project with Strata?
What is the occurrence in last 10 years or after the housing law changes to protect buyer? ...just try to use one hand to count!
(To be fair, can we still compare those grandmothers’ era projects where any crooks also can be developers or as long as u got the contacts)
Then second problem, where is calculator? How much you pay per sqft to SP & Sunway? As a typical “ta kong cai” do you wan to pay extra $200-300k for branded stuff? Of course they give u better peace of mind. Then is it, this so called bad reputation developer risk is so high that you willing to give others your blood sweat $$$ to those branded developer? For me if I have choice I better use it for my children education fund. But if u can afford why not, go for branded la.
Do you know their multilayer corporate structure and as listed company rule of games, dividend, advertising, branding, CSR....so where u think these “costs” go to?
Let’s ask ourselves if this project is not by IDEAL but by SP or Sunway, how much u think they sell? Somemore does any other project have Double Storey with G&G? u will get 3ST. let see their phase 1 & 2 ACTUAL unit and then comment again won’t be too late.
Of course Ideal have project that were delay before but now they got tons of $$$$ from buyers already. Furthermore this is integrated township project and not one time off unlike previous cases. Do u think they can screw up the quality in the Phase 1&2 which to be completed in few months time? This would affect their Condo and Valencia launches too......make sense? Buyer are not stupid, they have choice. This is a good reminder for Ideal staff who read this forum to pass the message (which I believed he is smarter than us) to do a much better job if not risk boycott by future buyers.
Another bad habit I am seeing is that potentially some buyer/investor/sales from competing projects try to bad mouth this after it had become so hot since the success of all launches. Anyway I am 100% NOT staff for ideal....just need to air my views.
Hey Jason,
what i heard from you is: you should pay premium price , and in return, you get back a higher risk. This sound like weird.
of course when the house quality is proven, strate title transferred, IDEAL become an good reputation developer, then it will be make more sense to pay such premium price for the house.
Good example is Southbay residence. everyone know mahsing is a reputation and listed company.
I felt “Si Pek Song”.
Envy is the flavor of the month (if not the year) as the Sathu and Dua Villa are nearing completion.
Too bad no more Phase4 or even any other DST with G&G strata in Pg Island.
Good for the buyers in 1R. Your investment going to be fruitful and get so much of attention that people try to hit (without substance) it but got hit back instead. It is called “Newton 3rd law”!
bryan
u are really confuse.
buyer bought at a discount due to known risk (bad reputation blah blah blah).
As such once its completed, quality is good, strata is transfered , it would be sold at a premium. Rightfully so dont u think. I mean if its good and risk free once strata is transferred u think people still sell at a discount?
Unlike southbay which is already at a premium thanks to branding and reliable developer so if got issue, the only thing that happen is for the price to drop.
Reports show not many over 1M houses are selling too.
Good news for you 1R is still less than 1M. Don't envy.
:)
show house is nice....how much is it? had it been taken up?
should b from RM800K onwards and had been taken up.
Check The Star Classified today.
There is an ads for a unit for sale.
Good time for genuine stay buyer to take advantage on impatient seller @ $800k undervalue. Too bad bank wont lend me anymore. Look forward to increase real buy for stay to create the strong 1Res community!
Hi Voice and Fence,
Not sure if you can get the contact no and/or email contact for me to contact the seller (Sathu for sale) as I'm not in the country.
Thanks....
Sorry i dont have it. I think it is agent advertisement.
Hi all,
What is the chances of One Residence Unit being affected by heavy rain and flood as this area is prone for flooding.
I heard some of the one residence units are in the low region, anybody aware of that and which section of the project is low?
With the deforestation of the Pearl Hill for property development, do you think we have a higher chance of more water washing down the hill and flood the one residence units?
Well with the housing development, the drainage systems are also improved (including widening, straigtening drains etc). Developers have to follow government guidelines.
On this project, the phase 1 (Sathu) is actually higher ground from the behind project (Tunas) by 3ft. hence the risks of flooding is neglible. You can check out more details with their office.
Hi Fence,
You think buying @ 800k is undervalue?? How much do you think it worths?
Daphnegirlie, did you managed to get the contact in The Star who advertise a unit for sale?
Let’s use land as basis as this is the most important parameter no.1 in property.
Build up is about similar ~2400sqft. Nearby areas.
A typical SPI terrace with 1400sqft ~RM800k (among lowest if still have in market). Take note Kobay nearby is RM888k.
Per sqft is RM571
So for 22*75=1650
Market price = 1650*571 = RM942k
G&G Premium
For G&G need to add lowest premium ~15% (as in South Bay case, BUT in KL it is about 30% to 70%)
Current Market Price projection= RM942k + 15%
= RM1.083M
Hi Voice
Yes, I saw the ad online.
Fence and Voice,
Yours is a Type A or B and what row? To be able to sell for >1M, the Type and Row number will play an important part too. BTW, can I get both of your email?
Hi Daphne,
I m not selling. it is a family home i have been waiting for my enjoyment and safe stay.
Have u check out that offer? Good to take up? Or some issue with that particular house? I mean i am wondering why they sell cheap.
Hmmmm... I'm not selling as well.
I've the first row which gives extra parking lots for my family and visitors.
If Fence analysis is correct, I'm glad that I managed to catch the train... better late than never :P
Each row has its uniqueness.
However the 1st row has its advantages in term of parking plus the landscaped backyard garden (only shared by 1st and 2nd row) which you can just step out from your ground floor room. You can go to E&O to see the nice green backyard they have.
There are only a handful of G&G with FACILITIES in Penang Island, mostly just have guard+simple garden.
Once you sell you can’t get back or at least it could be >$1million+ for typical terrace.
By the way there is a new benchmark in Pg for G&G by BSG called Permai gardens in Tanjung bungah, which is selling like hot cake at RM1.38M for 3ST with 1430 land size. It is about over 30% premiums on top of the non-gated build also by BSG in that area. I got shocked there are buyers for such price!
All talk for own song only. 1R sell at 1.08 mil? hahahaha......... dun be foolish
Too low?
This is just an analysis based on current market.
So, what is your number? And how u get it?
Show the analysis and calculations....i mean an apple to apple type.
It is an open debate and not just “tembak’ here and there wasting time.
i do wish property price to be heading up. Would you pay more than a million for a double storey (having said that it has a good size for DST) in Sungai Ara. Yes i would, but not now, maybe in 4 years time. I would say Southbay is a better choice with the same size of land (or bigger), and much bigger built up as well, nearer to the 2nd bridge. Therefore, this apple does not cost that much. There is over supply of terrace house in S.Ara, with sunway merica around the corner. Well, this is good for the younger generation who wants to own landed property, but again not this price.
I start to believe we have serious brain drain issue as reported by world body recently.
This is not coffee shop talk and I think mostly are quite educated people in this forum.
We are not writing essay for SPM, hence we need something more substance and intellectual basis.
This is just an analysis. Anyone can come up their analysis (not just pluck from the sky) and promote fact based community in order for Penang to be ahead of other states. You can even compare KL G&G pricing and not just limit to small island here.
Again another unhealthy thing here is that competition (instead of try to make better against each other) makes people envy and shoot down this project. They feel threaten when this project better than theirs investment/house.
Fence,
Is obvious that you are too protective because of obvious reason, take it easy especially when you are inviting for opinions in this blog. Brain drain and coffee shop talk are not the issues here.
The issue is that you are not accepting my fact based opinion, and my comparison esp if anyone does not goes along with your statement.
Is funny when u set the price by calculating the land size for god sake, this is terrace!! Put the location aside, what counts here is the total built up size, and adequate car park space. SPI are just pushing around 800k still, and you are dreaming ppl paying for 200k extra for slight bigger car park space maybe, with comparable built up.
Anyway, u might get lucky to sell your house above a million, but to those without wits, as this price could easily get a much better terrace else where.
There is no secret that i have the interest in this project.
I would welcome any other analysis to debate it openly in gentleman way.
TIPS: Another tips is to compare the nearby condo build up price since the facilites are similar. BUT with advantage of at least 2 cars park in front of your house and conveniently move in out ....which carry some premium. U just ask the KL folks if unsure.
this is for maths again....good luck!
Fence and Voice,
Laughing... Nay, I am not getting your email to persuade you to sell your unit to me. It's more of getting advice relating to the buying options I am presented and their quoted selling price for Row 1 and Row 3.
Both the Row 1 and Row 3 has its good and not so good points. Everyone of us have our own way of measuring worthiness based on our observations, considerations and analysis. No one is right or wrong and really, value and how much the house worth is really in the eyes of the beholder.
Back to pricing, non of them are selling > than 1M and I won't be sharing or discussing the details. I have to agree with Choo Heng on certain aspects. Whoever can sell @ 1M or more in present times (NOW) would be considered a very very lucky star owner indeed :-)
Actually I'm quite envy with Fence. It's so good that you can get this property at a very reasonable price and now the price is like climbing high fly in the sky. I would say this is not by luck but base on your accurate analysis and wise choice of home buy. I wish I've bought one at the very beginning to enjoy a safe and good lifestyle stay in the near future. Good for you Fence.
Please kindly let me know if anyone would like to sell their unit. I wish I can still get a second-hand unit now for price below RM1mil if possible. Hope I'm not dreaming :)
The other side of the coin.
疑價格定得太高 業主拍賣會屋子賣不出
北馬 2011-05-28 18:20
■民眾出席“業主拍賣會”，以投標看中的產業。
（檳城28日訊）相信是房價底價定得太高，以致週六首次在檳城主辦的“業主拍賣會”中的18間各種類房屋都無人問津，反而3塊總額達400萬令吉的土地成功脫售，土地比房屋行情看俏。
為避免房產炒家在產業拍賣會上炒高房價，Srishanbid在檳城落實一個全新拍賣概念，即直接為業者拍賣房屋或地段，至於有意購買的民眾則可依據業主所定的價格叫價，價高者得。
3塊地皮脫售
然而，相信是業主把房屋的價格定得太高，在當天拍賣的22項房屋和地段中，一些在檳島的豪宅（底價105萬令吉）比一塊位於威南的土地（底價60萬令吉）還貴出一倍，以致18間房屋都無人問津，至於4塊地段中，有3塊總額為400萬令吉的土地則成功脫售。
拍賣官沙姆干週六向記者說，從當天的行情來看，業主的確把房價定得過高，他會把有關情況反映給業主，希望他們可調整屋價。
他表示，有關公司會在7月3日在愛心大廈再主辦一次拍賣會，預料週六拍賣的房屋也會在當天再進行拍賣，希望屆時產業價格是在標準的水平。
沙姆干說，“業主拍賣會”是一個全新的拍賣概念，此策略不只能夠避免房產炒家侵入拍賣會，同時，也能確保售賣者和購買者從中獲益。
7月3日再拍賣
另外，世界不動產聯盟（網絡和市場）副主席倪傳鵬說，儘管當天的產業無法出售，但這不代表拍賣會不成功，只可以顯示屋價的價格定得太高。
“目前出現2種情況，一是屋主不懂為產業定價；二則是民眾負擔不起過高的房價，當天的情況顯示過高的房價讓民眾沒有能力購買。”
他說，儘管當天沒有房屋成功出售，不過，當天的拍賣會算得上是成功的，因當天成功脫售總額達400萬令吉的3塊地段
I have enough experience and regret by hearing people says property price too high since the day I join workforce. I missed out few good deals and incur “opportunity cost”. To be exact about RM200K extra for my first landed property within few years. I could have save that money.
I hardly hear people (except agent and developers) say it is cheap in Penang prime area. Then I ask deeper the opinions always negative, eg. Wait for it to come down. Tell you what if you lose your job what if etc....plenty cold water pours on it. Can’t blame others as I was stupid in investment and too afraid due to lack of knowledge too.
Then I decided to believe in analysis rather than American talk show type of debate. (Maybe That’s why American screw up their property market)
Then, I spotted this unique concept G&G in KL. Very successful. I also compare the other cities prices in this type of projects and I knew it was undervalue whereby developer just test market.
Furthermore It is good for my family safety and security even when I away on travel. Also I can spend more time at home and its facilities rather than pay other membership.
But very few in Pg at that time. I missed SB due to economy crisis risk and also too high price for me.
Then I waited and bum into Ideal.....and its pricing fit my budget. The rest people say is history.....
Nonetheless luck did play some role too...
Anyone out there still believe we as general public can get good deal during auction?
Don’t you know it is already prefiltered few times?! Have you seen before the filtering system of DIAMOND WATER with all the tubes? The difference is Diamond water give u the best remaining while our auction system is the other way round.
Those remaining published are hardly a passable deal and more importantly the price gap from market is too little, as small as 10% down.
Hello banks and auctioneers, Pg people are not dumb anymore!
Dear FREETHINKER,
This auction alan posted is not the usual bank auction lah. This one the owners all not bankrupt one and nothing to do with bank one. This auction is for owners to sell their property on a bidding concept (with a reserve price of course). So whoever bids the highest price for a particular property would get to buy it. New concept in Penang, but very common in the US and Aussie.
But obviously, this concept doesn't work in Penang, coz Penang people always dreaming about selling their properties 15% above last transacted price!!..:D. I guess that's why there were no bidders for all the 18 properties on auction coz the owners set the reserve price too high! If you'd like to know about which 18 properties went on auction, just go to http://www.srishanbid.com/vol-14.html
One of the properties on auction which found no takers was a Platino unit Block A (18th Floor) with 2659sqft at RM 1.05 mil (works out to be RM 395/sqft). Platino so bad ah? RM395/sqft also nobody wants!..:D
Thanks for help on my poor Mandarin!
Local people here seems too smart for such bidding method. it need finetuning to work here.
Anyway I really get sicks seeing the so called AUCTION as advertised in newspaper. Pointless.
Unless we are seeing those prime location landed property put on publuc auction at much lower price, otherwise the property market still hold steady upwards trend.
d
Ideal GM called C.E.O property buyer "DOG" during discussion. C.E.O has been built since Jan 2006 but still not OC today.
== Ideal GM calling Customer "DOG" ==
http://www.youtube.com/watch?v=h7QFlGHxxXk&feature=player_embedded#at=82
Dear david,
I watched the youtube. But I didnt hear the lady calling anyone DOG leh. On the contrary, those buyers were very rude when talking to the Ideal lady. That's not the way to treat a lady.
We live in a civilized society. If you're not happy, ask your lawyer to sue lah. Why acting "boh ka si" (english - daddy never teach you manners)? This is the behavior of cowards! All gang up to bully a lady! 1Malaysia cowards! I see black and yellow also have.
Project delay ah? You will be compensated with 10% interest mah, that's much better then a typical pathetic 3% rental yield in Penang you know!!..:D
Haha.. interesting clip. lol. Condomana which clip did u watch? do u need the link or a bigger speaker?? She did call the customer dog, but agree with u man, more civilized approach should be done, i actually quite like the 2 indian gentleman, they have the ability to be a lawyer.
http://www.youtube.com/watch?v=KguQ9jGSWZA
It is good that someone putting this up to make developer realize they have to do the good job from now onwards. Buyers are very alert of their rights.
But this issue should be put on the THE C.E.O. forum rather than in One Residence.
I fear some people just try to bring down the success of the One Residence popularity by mixing other project problem in here to hoping potential buyer will buy their projects instead.
It is a different project and different basket. Those days when they start this project they were small.
Where 1R is an integrated township with other launches pending and they can’t afford to screw this JV with Kooperasi.
Whats the clip about? CEO is build by PDC, isn't it not?
江山易改，本性难移
Condomana,
You sounds like you have not much experience with those bad developers in Penang ?
Yes, contract might sound so nice ... 10% p.a. compensation (bravo!), but the truth is ... will you get it eventually ?
Let me list down the previous practice of bad developer on this "10% compensation" :-
1. Late delivery mah ? Come and sue us developers lah ! The most we just let you come and help us close shop only ! This is a limited company, we can just run away with all the liquid cash, close shop, then you come and spend more contractor's fee, liquidation fee & expenses to get your strata title loh ..
Few years back, we can use another name and come back to the property development market what ?
2. Ok Ok ! We are late in delivery, but we are very broke also, now either you accept our kitchen cabinet / air cond / renovation at 50% market price ( in fact they have jacked up 100% then discount 50% ) or else we close shop ... then both die together only ah ....
3. Yes, we are late, so what ? You can touch me meh ? If you "ah chi ah cho" too much, we don't repair your house defects, pour cement in your water paip or send gansters to your house to visit you, then only you know er !
Your want to talk about law ? WE ARE THE LAW !
Got it ?
The progress of one residence start to run slow because they haven't get start wrk permit from authority. they get penalty from authority. In the appeal stage.
@Fence Smart person will only HooHaa when everythings has been confirmed & finalized. You may wait until this project to obtain OC & strata title firt then only you show "Lan Shi" and it is still not too late. Ofcourse, I'm not meanings to put a cross for the project failure. Sometimes, property price couldn't be analized accurately and it's much depend on demand & supply.... good luck for your show off.
Given the fact that this developer does not have a good reputation like those KL big shots, you can ask why PBB (our blue chip share) still give the package for One R project? Have they missed out their homework or what? As public company they are answerable to Bursa and public. This is huge undertakings and if you understand finance and economics you will get it.
Then as buyers we all know their completion date is much later hence gives a good buffer in case of delay. Those rushing type not suitable to buy. That’s why we buy much lower price than those who pay the big shots developers. Simple logic right?
If you understand the trend of property, in longer term, the increase is even more, isn’t it? So why worry with some delay as long as within our expectation as buyers?
I purposely act like LANSHI because there are so many envy people around. I purposely burn their sensation. I expect more jealous people to shoot me in this blog further.
I have friend who bought in SPI and I also feel happy with them as long as this suit them. It has its advantages too. Why some people need to be so “narrow heart and mind”. Just want to see other to fail to make them better in comparison.
Or if u against (for whatever reason) the developer, go hentam them not on the buyers or this project. If u wan to dig history surely lots of shits will come up.
We 1R Buyers welcome proactive and constructive and fact based information to make this forum meaningful based on present scenarios. We just want to get a place called home.
"Yesterday is History, Today is a Gift, Thats why it's called the Present"
http://www.mudah.my/li?q=One+residence%2C+sungai+ara&fs=1&ca=3_s&th=1&cg=0&w=1
Pls find link to see the
One residence subsale price.
Seems this blog is LUCKILY not read by those regular property investors (rich auntie/uncle type). After they make their target profit they cabut. Otherwise they will price higher. It is good that they help to keep the price lower for time being.
This is good for real stay buyer to grab!
Just my 2cent.......good luck!
Fyi, new Sunway Merica Semi-D priced at RM2.2M onwards for 2400sqft lot. Unbelievably new high.
New link for the video:
http://www.youtube.com/watch?v=2NHfVaCG73Y
In the first place, it's very rude to walk away from the customer.
I'm also buyer of 1R and i'm not trying to attack 1R, i just hate bad customer service.
why is the video not published and talked about in CEO? This had been going on and on at 1R for more than a week but nothing at CEO.
Please post relevant materials of 1R at 1R forum. I dislike poor customer service too, but I would like to see poor customer service on 1R posted here instead.
Jason,
In such open ID forum anyone can claim to be in any positions (CM, minister, buyer etc). If anyone (competitors, next door investors, etc) feels envy they can also try to smear this project.
Hence it is doubtful why a "buyer" wants to smear his own project here.
Please don’t go against the real buyers interest and this project. Any problem with the developer please settles with them directly or on that project relevant project forum.
Bumi lot release d??
ahh...how come the TNB power station is build inside club house for 1R phase 1 and also phase 2. Like this, who will wanted to spend time in club house ??? Really don't understand.
I would say is better building the power station in club house rather than near your or my house. This is very common in apartment. Anyway we only spend few hours a week there and this just a small power distribution center (not big power station). It is really common in apartment.
Mudah.my selling price is RM800K now and when is the completion date?
Anyone already sign the S&P for Tree Residence? When should it be done? I haven't get contacted to sign S&P. Thanks.
i have signed the s&p.. but i heard that idea not yet obtain the advertisement permit and developer license... so the documents are not yet go for stamping.. :s
Hi,
wow..this project is nearly completed.
www.oneresidence.cc
A 2-storeys mosque/prayer house will be built on one residence??
CADANGAN MENDIRIKAN: FASA M a) 1 UNIT RUMAH BERIBADAT 2-TINGKAT b) 1 UNIT BIARA 3-TINGKAT DI ATAS SEBAHAGIAN LOT 8009 & 8013, MUKIM 12, DAERAH BARAT DAYA, JALAN DATO ISMAIL HASHIM / JALAN TUN DR. AWANG, BAYAN LEPAS, PULAU PINANG.
http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=274115&S=S
the mosque or surau has been in the master plan since the very beginning....
Where is the mosque located? Near to which phase?Could you please advice? Thanks.
So many Mosques are built in new development even though not many Muslims residence? The call for morning prayer sometime as early as 5.30am can be very annoying. They should turn the volume down in the morning. You don't need a loud speaker in the quiet early morning. Wish the Imams has some consideration. Can the state government do something? I heard that if you try talk to them they will make it even louder.
Whatever being shared here is of opinion and concern. Now the reality is that Sathu Terrace transacted for 850k and Dua Villa at 900k, both for std unit. In the end, those who believe and have confidence that this developer can deliver will now be very happy with their investment then! Merry Xmas to all!
Whatever shared here are of opinion and concern. Some may have bought and some give it a MISS. But now in reality, these properties are near completion and looks good. Sathu Terrace transacted at 850k and Dua Villas at 900k. Merry Xmas all owners!
just get the stamped s&p and legal documents for tree-residence... hope it can complete with 3 years period...
Completing soon. Visited the site looks good and snap some pictures to share with all.
Looks like there are more than 2 pools at the club house.
The internal tar road upgraded to stones road and gardening works and lighting cables all around the pool area. Nice to have 1 unit near the pool.
Looks great. Ideal place to stay. The last time I heard, the developer is going to build a connecting road to the road to the airport but until now can't really see any progress on that yet. Wonder when is that road going to be build?
http://www.sinchew.com.my/node/233902?tid=1
Worker die at phase 1 guard house.
If your children study in Pin Hwa and Chung Ling....They have to spend 1.5 hrs x 2 everyday on the road.
Be prepared to spare some $ to buy another condo in town.
Progression photo is not updated? any idea abt OC obtain?
If staying @ Sg Ara is also such a concern for schooling then how abut those Batu Maung, Teluk Kumbar? Anyway there is Phortay 2ndary school too. It shall rise in near future in term ranking and can get close to ChungLing.
School? I think there are quite a number of good primary school around Sungai Ara/Bayan Baru. I am sure this will be a plus point for developments in Sungai Ara.
But we just consider about schools as we move nearer to town the increase is quite ridiculuous. Tmn Sri Nibong is 25%~35% more expensive on average.
then if you move to Island Glades it is even higher and worst still get old house which are easily 30/40 years old.
Don’t forget we need to consider our working place too. Which I believed majority is FTZ buyers.
Yeah, school is just part of the considerations. With the current property scenarios in Penang, it is hard to get the best of all. I've stayed in KL before, so I've learned to appreciate the meaning of "travel" and traffic. Anybody know when the project is going to obtain OC?
I have some facts to share.
1. Look at the statistic. There are >1,500 Std 6 students of from a number of mega Chinese primary schools (Kwang Wah 300+, Chong Cheng 300+, Kong Ho 300+, Shih Chong 200+...few more from Bayan Lepas & Batu Maung). Phor Tay only can take 400 students.
2. Sg Ara is in Daerah Barat Daya. Phor Tay is in Daerah Timur Laut. Students stay in Sg Ara has lower priority compared to Sg Nibong, Bayan Lepas & Batu Maung.
3. Nowadays, there are a lot of school activities. For example, a lot of activities are 7.30am-9.00am (The students have to wake at 6.00am to spend ~1 hr on road to school). After the activities, the students have to stay back until 1.15pm for classes that will end by 6.30pm. By the time, they reach home, it is 8.00pm. So, the day starts from 6.00am and ends at 8.00pm...It is 14 hrs...taxing.
4. Schooling hrs is not flexible. There will be discipline action for coming late to school. But, working hrs in factory is flexible.
Amin, then don't stay there :) It is still a good place to stay for many. Schooling can be arranged if you have the $
Fully agreed.
Schooling can be arranged if you have $.
Just send the kids to Fairview International School in Bkt Jambul (10 mins drive)
Heard from the sales person that the OC will be obtained in the second quarter.
yea... completely right.. if have $$, then you may not need to buy this property at this rural place with bad access... you can afford bungalow in tanjung pinang and hire a driver to send you and your famility to school , work, mall and etc...
last time the developer also said that OC is going to be issued by march...but I don't think that is possible now. From outside it looks really good, any new/updated pictures for Dua Villas?
look like the photo is not updated since Nov, something not right.