Elit Heights

Elit Heights @ Bayan City is a new project located in Bayan Baru, Penang. Strategically located with easy access to Bayan Lepas Industrial Area, Penang Bridge and Penang International Airport.

Elit Heights @ Bayan City consists of 3 apartment blocks with a total of 600 resort-style designer suites. Each unit come with built-up area ranging from 1,300 to 1,900 sq.ft.

Project Name : Elit Heights @ Bayan City
Location : Bayan Baru, Penang
Property Type : Apartment
Tenure : Freehold
No. of Blocks : 3
No. of Storeys : 22
Built-up Area : 1,300 - 1,900 sq.ft.
Total Units : 600
Developer : SEAL Properties Sdn Bhd

637 comments«Oldest  ‹Older  1 – 200 of 637  Newer›  Newest»

March 18, 2010 at 8:38 AMUnknown

what kind of land title is it? Residential or Commercial title?

March 18, 2010 at 9:26 AMAnonymous

Hear say is Commercial title.

March 18, 2010 at 11:01 AMcraftmodel

how bout the pricing?? where is the sales office?

March 18, 2010 at 1:09 PMAnonymous

What is the different between Commercial and Residential title ?

March 18, 2010 at 3:28 PMching

launch adi?

March 18, 2010 at 3:29 PMtanprop

Its commercial title, which means utilities will be more expensive. Selling at ~300psf, could be reasonable from the title perspective. The sales office is at queensbay, Bay Avenue shop lots, you should not miss it when you are driving your way toward queensbay, from bridge direction

March 18, 2010 at 4:37 PMcraftmodel

ok.. probably shud drop by at the sales office and see what package they offering..

March 18, 2010 at 5:54 PMcutie

Wah !!! shall go to PISA fair this weekend din know they be there or not??? may be go to have alook....what is the minimum pricing ??

March 18, 2010 at 7:57 PMTickityTock

Hear the locality is very good!

March 18, 2010 at 8:16 PMgoblin

hey, vely reasonal price at rm300 per sq feet can disregard commercial thing lah!

March 18, 2010 at 9:19 PMKK

seriously i do not mind about commercial title. the utilities are not signaficant. but the big mosque nearby and opposite hospital are definitely the main setback!

March 18, 2010 at 10:06 PMkelly

Means minimum RM390K per unit..

March 18, 2010 at 11:32 PMAnonymous

Near mosq, that's mean wake u up 5 times a day !

March 18, 2010 at 11:39 PMAnonymous

Heard Bayan Baru is famous in flood especially when raining season, is the area flood too ?

March 21, 2010 at 6:05 PMUnknown

Friend, even it flood also won't flood till your apartment la.. this is apartment... not landed... But that area, I dun think will flood. Everytime I saw flood is opposite Sunshine square that housing area..

March 22, 2010 at 12:18 AMLeprechaungal

any info on the floor plan n pricing?heard completion date is in 2013

March 22, 2010 at 1:07 PMbosuka

Isit confirm Freehold? When I at the property fair, the sales exec informed me is LEASEHOLD, tats y i walk away!

March 22, 2010 at 4:14 PMcutie

I understand from fair is Freehold land, the pricing is RM300 per square feet and expected completion is 2013 i think...they didnt show any floor plan they said will let me know by Q3

March 23, 2010 at 9:35 AMtan

I'm interested....ANymore info?? Who is the developer?? I miss the fair la..

March 23, 2010 at 10:08 PMhobbit

tan..developer is seal properties and office is in bayan indah, queensbay. tel no: 6415828...

March 23, 2010 at 11:27 PMUnknown

i am also interested... anybody can get the unit before it is release?

March 24, 2010 at 5:12 PMMW

developer steady anot? will run away with deposit?

March 25, 2010 at 12:40 PMUnknown

As what i know from fair, they dint receieved any booking fees yet.. At the moment, they jz have registration.. I got ask them to let me had a booking 1st but the Assistant Manager said will let me know whether can book or not when their Preview.. I would like hv a unit, the location is very nice..

March 25, 2010 at 1:46 PMtanprop

Location is ok, also an added-benefit if the shopping mall does picked up well later. Developer wise, Seal is quite experienced with some proven records in KL, eg. salayang mall, not really first-tier but should not be a disaster. The only concern is the commercial title, personally i would really mind to pay higher utilities bill in this case. If looking for rental return, potential tenants may think of the same way.

March 25, 2010 at 10:46 PMAnonymous

Used to be an Ikea plan

March 26, 2010 at 11:25 PMUnknown

commercial title same like 1 World & 1 World 2. except there is a mosque nearby. Friday, get to see tripple parking of cars along the road. Very vibrants location ya... brochure did state it as Freehold but not sure, some say leasehold.

March 26, 2010 at 11:26 PMUnknown

hearsay, no carpark will be given. have to buy cos product is Designer Suite = Commercial Use = No car park provided = office.

March 27, 2010 at 8:08 AMcjb

if no car park meaning the cost will increase treamendously. sure 1 car park will cost more than 18k. another thing, abt privacy...look at BJ Court Kondo, when the apt/condo attach to shopping mall the area will hv no privacy, noise level very high, ppl parking their cars/motorbike like nobody business...
i like this property especially the location. but not with shopping mall under the condo..

March 27, 2010 at 10:39 AMAnonymous

People always concern about commercial title, I don't really understand what is the disadvantages of it in compare with residential title ?

March 29, 2010 at 12:24 AMPenang Lang

Cannot redraw from EPF. This will affect sub-sale price.

March 30, 2010 at 3:29 PMUnknown

i went to their sales office at bay avenue there, the sales executive said Free 1 car park the land title is freehold. the shopping mall is at different phase i dont think be noisy but is strategic location, convenience to any where, good to invest!!!!!!

April 3, 2010 at 4:34 PMUnknown

Anyone could give comments and comparison of Elit Height with the D'Piazza condo?

Elit Height has 600 units in 3 blocks whereas the D'Piazza has 780 units as well. Both are high density.
The subsale of D'Pizza already ask for 390K for the 1300sqft, which is already same price like Elit Height.

For those experience in condo investment, please give your opinion. TQ

April 6, 2010 at 10:48 AMkiroz7

May I know how different is Commercial Title versus Residential Title in terms of assessment fees?

April 10, 2010 at 12:55 PMMW

Commercial Title = cannot withdraw from EPF??

April 11, 2010 at 12:01 AMCK

I m interested .....anyone can get the unit before it is release ? Can pay deposit & booking now ?

April 11, 2010 at 12:50 AMkiroz7

MW: Can't.
CK: For the time being, can register only, as a lot of things are not finalized yet.

April 12, 2010 at 9:12 PMCK

Elit Heights is a Condominium or an Apartment ? What is the maintenance fees ?

April 15, 2010 at 2:30 PMszern

I m interested .....how to book before it release?
how much the selling price?

April 19, 2010 at 3:05 PMUnknown

maintenance fee rm0.18/sqft, around rm230+ for smallest 1300sqft unit...

May 13, 2010 at 6:21 PMUnknown

1. This is commercial title thus you're not allow to withdraw from EPF. I have confirmed this with the developer.

2. With approx RM300/sf for the unit

3. With approx 0.18 to 0.20/sf maintenance fee

Do you think is worth to buy for own stay ?

May 19, 2010 at 10:30 AMLouis

what i got to know from recent property fair this is LEASEHOLD... pls confirmed .....i have the brochure for this project too....

May 23, 2010 at 12:27 AMUnknown

it's freehold, just it is commercial land title.....confirmed

May 24, 2010 at 5:26 PMUnknown

RM300/psft seem like too expensive for this high dense project. Summore commercial title.

June 3, 2010 at 9:56 AMGoSSiP

Heard that soft launch is on 19th & 20th at Quaeen's Bay mall office.

June 8, 2010 at 9:11 AMpenang guy

D'Piazza still a lot of units vacant ... too expensive to invest for this property... if RM260 psf still ok........

June 8, 2010 at 10:31 PMTenshishin

Too Expensive and somemore commercial title.... somemore if sunshine there flood do u think u can come out or go home?? Sure will jam like hell....

Somemore Pantai and moq is opposite, ambulance silence the whole night and 5am u need to wakeup already 4 praying haha

June 9, 2010 at 7:56 AMJin

It's way too near to the big mosque......unless u don't mind waking up very early each day

June 10, 2010 at 12:44 PMUnknown

Nice design and reasonable price at 280/sf but relatively NKOTB developer. Suitable for typical FIZ executives.

June 12, 2010 at 3:04 PMteddy

The maintenance fee will be 0.15/sf confirmed by the sales office. They will launch on 19th & 20th this month and for those that book on these 2 days will get discount price RM290/sf. 50units of early birds will get Rm280/sf special price.

June 12, 2010 at 7:16 PMUnknown

should be ok to get 1 unit. The square feet increas price still 300 per sq ft.


June 12, 2010 at 9:39 PMUnknown

290sqf ?? will this a good place to stay? definately a no no, just imagine everyday u need to drive up 5 or 6 level or worst merry go around to reach your car park? after few weeks u will wish you can fly as I have friends experience this at time square condo. Condo above the mall.

Hows the rental at Dplaza condo ? who will want to rent a unit which the utilities are higher compare to other residental area? same case will happend as this elite.

mosque mosque.... u will wish you were deaf when you live next to it, same case will happend as this elite.

flood flood..... u need to book a rescue boat when you are ready to move it, that area r flood prompt when flash rain.

June 13, 2010 at 3:58 PMu2

300 per sq ft is too expensive

June 13, 2010 at 9:55 PMUnknown

due to commercial title.... a few drawbacks as below:

1. cannot withdraw EPF to purchase
2. water, electric, IWK all 20% higher than residential rate (sales person said can change to residential rate later)
3. cukai tanah & taksiran 3-6% higher than residential rate (cannot change to residential rate)

you make the call...

June 14, 2010 at 6:29 PMcutie

hey, every area got mosque too, is depend on which type la...i understand from my friend who stay near by Giant area there were NO FLOOD after Giant build up, the drainage system been improved. The flood area is where traffic light in front of Sunshine square the landed proprty there..i think RM300 per sq ft shd b ok...because sub sales for condo near by already up to RM320 psf to RM340 psf..should invest 1 unit there, 19 & 20 June offer at RM290psf should call sales person for further details...

June 15, 2010 at 2:07 PMDaedalus

is it 10:90 built then sell ?

June 15, 2010 at 4:35 PMUnknown

1300sqft*RM300/sqft = RM390K (min) for the Elite unit. Please do judgement it is worth it! Aft completion will ppl purchase more than RM450K from u if were to sell. Worth it??? Justify!

June 15, 2010 at 11:48 PMAlan Chiang

Commercial Title? Will it effect the market value also?

Multistorey carpark... Will it be like Time Square car park? I heard you can knock you car easily if you not careful with the pillars.

Everyday pay more RM5 for the petrol because press oil hard to level 5.. haha

June 16, 2010 at 10:11 AMUnknown

I went to sales office last weekend. The sales person told me that the carpark is 4 level. And will be RM290 for those who had register b4. They just lauch Elit 1 presently. My fren who purchased another project which is also commercial title said that can change commercial title to residential title just need to do many process.. He said worh it.. Can save many..

June 16, 2010 at 3:25 PMtanprop

I think this is worth to buy, priced at 290psf, full condo facilties, convenience location and commercial lots right below and future shopping complex, even for commercial title also sound reasonable. For mosque, should not be much open, i use to stay at a condo next to the mosque, as long as you are keeping the door up-shut, very little noise impact.

June 17, 2010 at 11:45 PMbryan

the project seem interesting given the accessiblity to most of places like market, hypermarket, shopping mall, FIZ & penang bridge.

Drawback will be too near to mosque..bare in mind, this is not surau (1 speaker), mosque has 4 speakers attached. the best condo to match with this project is the one behind CIMB bank (used to be southern bank), those who interested, probably can go to that condo to check out how loud is the sound from mosque.

Drawback #2, hospital, you need to mentally prepared for the frequent ambulance annoying sirens during nite. you can avoid even close your door and window, the siren sound just can reach u.

Drawback #3 (hehe, this is chinese believe/ feng shui), near to police station is bad. "SHA" qi will be a lot.

June 19, 2010 at 3:01 PMPen

Elit 1 had sold >80% within 3 hours of launch. hundreds of heads were there at the launch. Who had stayed till end the sales today, mind to share on the sales status? Thanks.

June 19, 2010 at 3:23 PMCN YEONG

Selling price for early bird is 295 per sf. First 50 people can buy at 285 per sf.

June 19, 2010 at 3:37 PMUnknown

wow.....295 & 285? the sales person was telling me 290 & 280 last Sunday when I visited their office.....goosh....again another project that selling like hot cakes!!

June 19, 2010 at 5:57 PMAJ

before buying, please consider about the squatters 1st. hope not end up like kampung buah pala since the land not yet fully clear.

June 19, 2010 at 11:43 PMPen

It was selling at $280psf (E.B.) & $290psf (Discount), back to $300 after tomorrow.

June 19, 2010 at 11:45 PMPen

The land belonged to the Tunas Kooperasi, they have a standard way to compensate the squatters. Usually, there is not much of an issue.

June 20, 2010 at 12:33 AMAJ

hi pen,

how you know there is no issue for the squatters? i still see some house there still havent move. It is safe when you see the land have been clear.

June 20, 2010 at 12:37 PMbryan

hi all,
i doubt the data of 80% sold out. This KL developer, know all the tricky way to attract and push up their sale like SP Setia. Let use our 6 sense to judge whether the place can fetch with this price or not.
- Cormecial title
- Mosque coverage area
- Hospital and polis station just next to it.

Good luck to those that get cheated.

June 20, 2010 at 1:07 PMPen

AJ: Tunas Kooperasi had removed hundred of squatters before in sg Ara areas, I had never heard of any act of violent.

Bryan: I agree, this KL developer may be good in packaging their products. But, looking at the proximity to the wet market, Giant, Sunshine, banks, airport, new shopping mall, F&B shops, 2nd bridge & Bayan Lepas FIZ, these are all the +ve. Yes, the -ve are the mosque, as for the hospital it’s just a fengshui thing, if u believe there is yes, don’t believe there is none.

Remember the data, D'Piazaa & Sunway Tunas, they both have the same concerns but they are fetched good response. D'Piazza known for bad design, but the subsales market can still sustain at ~270-290psf.

Well, buying any property will have risks, whether it’s a acceptable risk or not. IMHO, this project has pros & cons, but pros > cons, just think, how many pieces of land are left in this area which has the same or more advantages.

June 21, 2010 at 12:34 AMAnonymous

Does anyone know the ceiling height ?

June 21, 2010 at 10:34 AMsokohaw

Only left 2 standard units(~1400sqf type) and penthouse when I visited at 8.30pm yesterday. How true it is? I'm not sure......
Anyway, this project surely has it's attraction due to the location. For own stay, I 100% support but for investment.....I don't think it's a good idea. D'Piazza + The One + Elit = more competitors. Furthermore, can we sell at RM500k & above after completion? For me, I prefer to look for Sunway Tunas terrace house to invest now

June 21, 2010 at 12:57 PMCN YEONG

The property price in Penang raising like crazy. You never know what will happen after 3 years. 3 years ago can you imagine people are willing to spend 400K ++ just to purchase a condo units?

June 23, 2010 at 11:23 AMPaulz

commercial title means that you have to pay your electrical and water bill like the shopping lot does, it is more higher than normal housing bill.

June 23, 2010 at 11:30 AMPaulz

penang housing price was goreng by the foreigners and developers, they build super-condo and sell at rocket price then let us feel that normal condo also worth to buy in higher price, what a pity penangites we are, http://www.penangite.org

richers more rich... they earn double or triple of a unit they build :(
only penangite really to buy property like a hungry wolf, apa pun sapu...
but property time going to be sunset....too many and less demand

June 23, 2010 at 1:11 PMJack See

I totally agreed with Paulz... as the matter of fact.... am the pity one.... can't save enough to buy.... sometime, I really doubts, what ours government can do for us as MALAYSIAN????

June 23, 2010 at 2:38 PMUnknown

No body cares. Previously, i also lamented why the apartments in Penang Island are so expensive.
Why Why why. Why government did not intervene, all these things. But, remember, you have not bought one, so you complain. But, other people who bought earlier will hope for skyrocket price increase. There are 2 sides.

If you really want to buy one. Buy now if you can afford.

If you care to check,basically, the price adjustment can be every 3 months, higher.
The property agent will tell you that the market price already so & so. The reason is simple, demand from young engineers/professionals who got married and could not wait for 3 years.

Well, i accepted that fact. I bought D Piazza from developer. I have gone through the craze of property price increase when i am trying to buy one from secondary market. Some time, after 3 days of deliberating, it is sold! Or the next opportunity, the owner asked for RM50K more!
A precedent is set, property agent earning commission will "advise" the seller.

Now, i am at other side, hoping the price will go up higher. Do you think people who bought their property for RM420K in Elite Heights will let go lower or higher? Definitely, higher.
It is going to be crazy I tell you. Either you buy one or let go the wish to buy one. Spare yourself the agony and frustration.

Property launch price will be higher than every precedent set. So, brave for RM400K and above for this kind of apartment in this area.

Indeed, sad. I have bought a double storey house outside Penang for RM130K only in 2005. The cost of construction does not cost that much, it is the huge demand by young engineers/professionals that fire up the price.

June 23, 2010 at 4:40 PMDeborah

Tryully agree with u, YES. Penang properties prices have skyrocket like crazy. I truly sympatize with the new fresh graduates. They will have to work truly hard to be able to buy a property in Penang.
As a working person, I can only afford condominuium. I cannot afford a landed property as it is way beyond my reach.
I can say, it is everybody that pushed the prices up. Starting from developers/agents/expratriates/owners.Takes all hands to clap to make it a big bang.

June 24, 2010 at 8:49 AMKevin

buy within your means...for fresh grad...they don't have to buy elit or dpiazza or any high end condos...there are still many condos available within the affordable range for new fresh grad workers... ;)
it's like complaining poor fresh grad cannot buy Camry or BMW... if cannot buy...go buy kancil la...or maybe use motorbike first...

June 25, 2010 at 12:02 AMPen

Hi Anyone knows when is Elit 2, 3 & the shoplots are launching?

June 25, 2010 at 9:38 PMpenang kia

This is super good location condo. I would like to buy one. Anyone know when Elit2 will launch?

June 25, 2010 at 11:38 PMCK

Anyone know when is the completion date for the Elit 1 ? What is the price for Elit 2 ?

June 26, 2010 at 12:20 AMPen

Elit 1, 2 & 3 will be completed in ~Q3 2013. Elit 2 or 3 will be priced >=$300psf. When they will be launched? I am waiting for informers too.

June 26, 2010 at 8:30 AMpenang kia

RM300psf almost the cheapest in town, especially the location is nice. It's very convenient to reach to any place.

June 26, 2010 at 9:05 PMgozilla

hahaha... all has been cheated by agent or sales guy hahaha.... ori prices of the land 6x cheaper.
penang buyer y so hurry buy or book like hotcaked????

June 26, 2010 at 10:07 PMpenang kia

don jealous to those already buy. Or you can buy any cheaper condo with this best location?

June 27, 2010 at 12:35 AMPen

Well, market is about supply n demand, time will prove whether the buyers are right or wrong. Not any of us to judge at this moment. But the past data will surely help, we can do some homework ourselves, just stop teasing others who bought the condo with own assumption & gut feel views.

I would use this forum to exchange news & info.

June 27, 2010 at 8:16 AMpenang kia

yes agree with Pen

June 28, 2010 at 9:05 PMpenang

A Little Red Ridding Hood' project = LLL ratings project

June 28, 2010 at 9:09 PMpenang

CK, why asked abt completion when you should be asking on plan approvals? Try this Q on the developer and see their reaction.

June 29, 2010 at 6:44 PMPen

Yesterday was so-called a buyer-day for Elit 1. The developer gathered all the preferred bankers and tried to assign them to individual purchaser with certain quota.

I was assigned with ION Bank, wow, this was totally new to me, I almost don't hv the option to pick my own preferred bank, loan interest was fixed by the developers across all banks (slight higher than market) & we don't get to decide our bank based on the offer letter, lots of hidden terms & conditions.

Purchaser's interest is being sacrificed here.

June 29, 2010 at 9:55 PMUnknown

good, term and condition coming in already before signing S&P, serve u all kiasu people right.

June 29, 2010 at 10:07 PMPen

I am not quite sure that you understand what I was trying to mean. But, anyway, I was happy that I was able to be "kiasu", compare those who can't.

June 29, 2010 at 11:33 PMDaedalus

I've decided to ignore their dictation on loan quota. This is ridiculous to ask buyers to lend from specific bank and to lend more than purchase price and bear the interest just because they want more fund during construction, moreover they were not honest about it.

Personally I don't expect them to refund me the extra release as soon as they get withdrawal from bank. Any more hidden terms and cost in future?

Buyers can collaborate to make the project successful because we all know that this developer is not a cash rich company in prior but the action to take advantage of buyers like this is crappy.. what a buyers' day!

June 29, 2010 at 11:45 PMPen

Daedalus: I was trying to catch btw yr lines and get what u mean. You meant when they allowed us to actually borrow more $ is to their advantage? But they are paying the progressive payment interest, right? After my calculation, the actual max loan amount is ~95% of the purchased price, which is to our advantage right? Pls educate me, thanks.

June 30, 2010 at 10:22 AMDaedalus

to our advantage if we can get the lumpsum from bank immediately (buying 2nd hand property), but this is not the case. Developer now will get release from bank and they can take their own sweet time to refund extra amount to buyers. Extra loan doesn't come free, you'll still have to serve its interest after 3 years.

We should have options to choose, not everyone needs that for renovation or so and so.

June 30, 2010 at 11:08 AMAnonymous

Why need to borrow more than buying price?
Can Daedalus elaborate?

Thank you.

Mr Business of Cari Forum

June 30, 2010 at 2:58 PMDaedalus

Mr Business:

the buyers that booked on launching day got RM10-20/sf discount, so the developer requested those buyers to take loan at RM300/sf instead of RM280-290/sf price

June 30, 2010 at 3:13 PMAnonymous

Hi Daedalus,
Is it so that the buyer won't need to pay downpayment?

Mr Business of Cari Forum

June 30, 2010 at 7:40 PMpenang kia

Yes, as i know all buyer have to pay less during snp. Developer will pay for the interest. If buyer dont want to pay more during they start need to pay instalment, they can choose to pay what they need to pay now 3 yrs later. This is actually benefit to buyer.

July 1, 2010 at 8:12 AMUnknown

Anyone knows about the specifications of the units? like materials for floorings and ceiling height and things like that?

July 1, 2010 at 6:25 PMPen

I don't think its revealed yet, shall be before the SnP signing.

July 2, 2010 at 12:58 AMDaedalus

20x20 ceramic tiles for living room, bedrooms
16x16 (if not mistaken) for smaller areas i.e. bathroom, balcony, kitchen

skim coat ceiling

subject to change

July 2, 2010 at 10:07 PMCK

What is the loan interest given by bank now? What is the different of the loan interest between the bank which allocated by developer & apply personally ? Are there the same ?

July 2, 2010 at 10:19 PMCK

What is the colour of the ceramic tiles ? The construction already started ? What is the price & lauch date for Elit 2 ?

July 3, 2010 at 1:29 AMAnonymous

Is Bayan City the project referred in this news report?

交通堵塞影响贩商生计 峇央峇鲁居民反对外资霸市将进驻
二零一零年七月三日 凌晨十二时三十六分






蔡亲武:当地小商小贩居多 霸市进驻影响生意




July 3, 2010 at 11:02 AMUnknown

sounds likely, a piece of land which belongs to Koperasi Tunas Muda, hotel, mall, 3 block of commercial suite (Elit 1-3)....

However if another hypermarket coming to the mall is not something good, too much hypermarket in the same place already.

Unless they bring in something new, like IKEA. Then sure a big impact, and big hike on the condo price nearby ^_^

July 4, 2010 at 9:14 PMpenang kia

Msg from SEAL, Elit2 registration will open for all next week. I sure will go this time. Dont miss it.....

July 5, 2010 at 12:32 AMbryan

do u mean open for booking or open for registration?

July 5, 2010 at 12:43 AMpenang guy

still a lot of condo..r on the way coming up.....
do u thing have buyer to invest..or buy for living after completion...ha...good luck to those r book......................

July 5, 2010 at 12:47 AMAnonymous

Hi penang guy,
my English is bad but yours is worse:)
I need to read your comment few times to guess what you mean...

Mr Business of Cari Forum

July 5, 2010 at 7:56 AMbryan

Penang guy,
i guess you are just giving no point here. Please me 1 single project that is coming up soon...can you name it?

July 5, 2010 at 8:08 AMpenang kia

I guess this will similar to Elit1. They will open for registering first then only to booking.
Pls refer to their website below:


July 6, 2010 at 10:21 PMPen

Anyone knows what will be the price for Elit 2 & Elit Avenue?

July 8, 2010 at 10:45 PMPen

E.H. was launched 1 wk ahead of TGT, and both projects were fully sold out in 2 days but where are all the E.H. buyers? No comments here? Compared to TGT blog, this blog is really quiet. TGT had drawn way too much attention.

July 10, 2010 at 3:23 AMPen

Elit Heights/Bayan City plan submitted for approval. But TGT not yet.


July 10, 2010 at 10:42 AMpenang kia

I was at the soft launch few weeks ago but not able to get that this. Hope to get Elit2. What i notice from first 50 buyer, they are mostly from high level profession, such as doctor, lawyer, engineer, businessman... Maybe they too busy on their job and didnt put any comment here

July 10, 2010 at 2:44 PMKK

i was told that one of the directors/shareholders has a heavy debt & has been served with bankruptcy.


July 10, 2010 at 6:48 PMIvan Lim

elit 2 open for registration at 330psf... cheapest unit is at around 460K... layout totally diff from elit 1...

July 12, 2010 at 2:04 PMUnknown

If not mistaken, i was told that the price is not more than RM325/sft.

July 12, 2010 at 3:04 PMUnknown

KK, am Elit 1 buyer, after your comments i went through their a/c and annual reports, Seal is a plc and they are cash rich company....

July 12, 2010 at 3:17 PMpenang kia

i was told by the developer, the size of Elit2 are almost same as Elit1, only Type C layout are different. For Elit2, smallest layout are 1465sqf, and it was sold at not more than RM325 per sqf.

July 14, 2010 at 10:33 AMDaedalus


July 15, 2010 at 9:17 AMdavid

Hi guys,
i would like to gather your opinion/vote on which direction is giving the best for Elit height project.

a) Balcony Facing North
-pro: can not see hospital and ambulance
-con: the view is blocked by Dpiazza, suntech and the one office tower/condo (future).potentially louder praying sound from mosque.
b) Balcony Facing South
-pro: good view, can see plane landing and departing from airport, no blocking. lower priaying sound from mosque.
-con: facing hospital & can see ambulance.

let me know what you think

July 15, 2010 at 9:46 AMUnknown


Personally I prefer the balcony facing South direction, better view no blocking. Unless you are really picky about the hospital & ambulance thing, then buy facing North and 19 floor above (because D'Piazza is 19 floor total including carpark bays), then sure no block, but of course you will heard louder song 5x daily :-)

July 16, 2010 at 9:20 AMjeffrey

I was told by my friend stay nearby and friend working at suntech, they hardly heard the sound from that mosque...

July 16, 2010 at 3:58 PMGoSSiP

EH1 is the farthest from the Mosque and unobstructed by D'piazza. you can actually see the One and Pisa and even Bukit Jambul. In fact D'piazza is actually behind Hotel Seri Malaysia and opposite Elite 2.

July 16, 2010 at 4:04 PMGoSSiP

what a year with so many hikes in BLR ++, petrol++, Sugar++, Gas++... everything++! Is the Govenrment going to do anything about it? luckily seal bear interest till VP!

July 16, 2010 at 5:09 PMjeffrey

From EH1, you actually can have kind of city view plus green mountain view. City view include The one, new Pisa renovation, coming soon golden triangle, sun tech.

July 18, 2010 at 6:08 PMPen

EH future's price is depending on the mall future achor tenant & quality management. The different views of unit are all secondary factors..

July 19, 2010 at 12:16 PMpenang

for those looking for good buy, check out Uban Residence. 1845 going at 595k, o.c. obtained. Plenty of good buy there.

July 19, 2010 at 4:06 PMsokohaw

Amazing! RM325/sqft without seeing anything still got people looking for Elit2 Elit3 Elit4.......??? Why nobody interested to buy D'Piazza condo which is <RM300/sqft and already built? Something is very wrong in Penang property market. Over here, plenty of 1300sgft units at D'Piazza asking for RM330k-350k nobody wants. Over there, a poster of EH & Golden Triangle can attract people to Q up early in the morning.....

July 20, 2010 at 9:15 AMjeffrey

Hi sokohaw,
Actually i almost want to buy D'Piazza from sub sale, even thought the finishing and outlook really like a flat... no choice ... the location is good...
until elit1 come...
but i still think D'Piazza still a good property to own...!
The island now has less than 1% of land to develop (based on latest official statistic)...

July 20, 2010 at 10:58 AMSummer

D-piazza now actually is good buy. Elit need wait 3 year. Now if you rent outside let say RM1000.00/ month x 3 years is RM36,000.00. You need also spent for interest during construction around +-8k. At the end you need at least go for RM350 sqft for subsale = RM500k. At that time D-piazza easirly can sale RM420k = +-RM300 sqft. Don forget 1 world 1 and 2 is finish earlier that Elit.

July 20, 2010 at 11:15 PMPen

Elit has zero interest plan for up to 3 yrs. OK lah..

July 21, 2010 at 10:54 PMUnknown

I bought an unit during the launching. At the moment, I am considering which bank to go for. There are 6 banks to go for. Still dunno which to go for. May be someone can throw in some lights.

July 21, 2010 at 11:05 PMPen

All banks are having the same interest rate, no particular bank stands out. But we still have to understand their fine printings/terms n condition about the special charges on early settlement, additional deposit, withdrawal of access payment, refinancing etc. If everything is the same, go for the reputable banks. My 2 cents.

July 21, 2010 at 11:20 PMUnknown

Hi Pen, thanks for the info. When I was at the sales office, it was in a rush. I only know that the S&P to be signed once the building plan is approved. Now a few questions on my mind,

1. Whether legally it is ok for us to obtain loan prior to the formal S&P?
2. I did not have a chance to see their JV agreement with Tunas.
3. Is the development under the housing development act whereby we are protected?

I started to feel a bit insecure after seeing some bad comments in this website. It seems we are solely rely on the developer. If anything goes wrong, we will be burnt.

May be my worry is too much. It is just my personal view.

July 22, 2010 at 9:37 AMPen

1) Yes, u can get a pre-approval loan with your booking slip.
2) Not sure that JV agreement is meant to share to all. Let me know if you are allowed to read it.
3) I was told commercial property is not under the protection of housing development act, can anyone else help to answer this?

That's why buying property from reputable developer is important.

July 22, 2010 at 2:09 PMUnknown

We need someone to comment on the protection to us as the buyer from law point of view.

The JV agreement, if you look at their company announcement to KLSE last year, was available for public to view at their KL office. According to the announcement, the agreement is irrevocable.

So, Pen, is SEAL a reputable developer?

I am considering all these before I signing any loan agreement and perhaps the S&P.

July 22, 2010 at 2:31 PMPen

heard from seasoned purchasers of Elit 1.

SEAL was the developer & the current property manager of Selayang Mall. But property development is not their core buisness.

Like Bayan city here, they are going to build and manage it, sure its not the hit n run type of developer.

They used to build medium to large scale of commercial malls/shops, but 1st time for condo project.

July 22, 2010 at 2:32 PMPen

So far, I don't hear any bad comment about this developer yet. If there is, please enlighten us here!

July 22, 2010 at 4:53 PMDaedalus

anyone got loan approved? i have mine approved

but Public bank doesn't seem to accept loan for this project, wonder why?

July 22, 2010 at 5:49 PMUnknown

hi daedalus,

i approached pbb and they are telling me to wait.
it is my interest to find out why too.
by the way, which bank are u taking?

July 22, 2010 at 9:20 PMCK

Hi Daedalus,

Which bank r u taking? The bank tht u taking is it assigned by the developer? How much for the interest rate tht bank approved for you? Tht day developer hv promised the interest rate is BLR-2.15% but according to bank,now is BLR-1.90% only.

July 22, 2010 at 10:28 PMUnknown

I do not think that they are assigning the bank to us. As in fact the sales person gave me the contact for HLB and Am. Last week HLB called me up and pursueing me to take up the loan, it was at BLR-2.15%. I also called up Am, but their rate is now BLR-1.95%.

However, I still waiting for PBB.

July 22, 2010 at 11:53 PMpenang

Confirmed PBB not participating. Also this project is on commercial title = commercial product = not protected under the housing act. Does anybody know whether MBB and CIMB are participating? Can check out also and pls share

July 23, 2010 at 8:16 AMKoay

What about Eon Bank ? I heard it's also one of the Elite Height panel bank. Their rate is FDR+1.1% (FDR means FD fixed rate). I am thinking of apply loan thru this EON bank. No lock in period.

July 23, 2010 at 8:44 AMUnknown

hi penang, pbb told me to wait, but i dunno for what reason. as for the commercial title, if no protection undder the act, may be this is some disadvantage.

July 27, 2010 at 12:01 AMbryan

basically commercial title a.k.a serviced apartment. It is very common that some developers do not want to mention it as scare of affecting sale. Service apartment is very common in KL area. I believe everyone know that service apartment pro and cons, pro is near to happening area, business hub...like KLCC, mont kiara..cons is utilities fee and more expensive/sq ft.

however, these kind of apartments start booming in penang, not sure how penang kia accept it. look at the Time Square now, half die...i guess penang ppl will not like a home with high utilities bills and high m.fee.

July 27, 2010 at 11:32 PMDavid

Now only affin and AMbank accept loan for this project at BLR-1.9, the rest all bLR-1.5 due ti commercial title, this is bad! Anybody know if the ONE has same issue?

July 27, 2010 at 11:40 PMpenang

at 290 t0 320 psf, best bet is then Dpizza or The Spring at lower price psf and also based on residential status. bryan is right. high Indah Water at 36 per month compared to 6 for residential. high utilities like TNB. However if price is lower than residential unit then it is worth considering but this is not!

July 28, 2010 at 11:54 AMUnknown

I received a message from them just now, they requesting me to obtain the loan from affin and ambank only. anyone receiving the same?

July 28, 2010 at 12:31 PMAnonymous

If you want to invest, the correct timing to invest D'pizza or The Spring is during their soft launch. There are a lot of owners bought their D'piazza at around RM200K 3 years ago. Further appreciation will be little.

Or, you buy at price much lower than market price from motivated seller.

Mr Business of Cari Forum

July 28, 2010 at 12:38 PMAnonymous

One World and Elit Height will be the guinea pigs of mass-scaled service apartment in Penang. Let us see how market respond to them.

Mr Business of Cari Forum

July 28, 2010 at 3:53 PMUnknown

I received the same message from developer too... I started to lost confidendce in this project... earlier on there are 5 bank in their list.... left 2 now... and it seems like we have no negotiation power at all... all the while banker hope for our business, now because of left us no choice... we become desperate for their loan.... also... there are no specs mentioned in their broucher... so the finishing can be very subjective now.... im considering to give up this investment....

July 28, 2010 at 4:01 PMUnknown

I received email from Elite sales person... telling me there are still few units of Elit 1 available, garden view... (not penthouse} coz I register with them before... I think they do not realise I am the existing buyer... so I suspect there are people cancelling their booking too....

July 28, 2010 at 5:44 PMUnknown

hi sharon, i will maintain wait-and-see strategy as it still have time till the S&P is ready for signing.

i thought the garden view and penthouse was not sold all. may be i m wrong.

on the sms, so hl and eon also out? i am suprise...

July 29, 2010 at 12:01 AMDaedalus

PBB is confirmed out but the staff mentioned tat the developer is cash rich just that developer doesnt want to compromise to PBB's terms n conditions

July 29, 2010 at 12:10 AMDaedalus

the sms mentioned deadline postponed to 23rd August 2010 for car pairing, what is car pairing? and i thought by contract, the deadline to sign SnP is 31st August 2010?

July 29, 2010 at 8:17 AMpenang

bad sign if bank shy away especially those like Maybank and CIMB. Now those household banks like Hong Leong and PBB are also not participating. Not good at all. Seal maybe cash rich but what is their track record for development? some old projects in K.L. and other state? Not a development focus company afterall unlike Mahsing, E & O, S.P. Setia and other small timer company in Penang - although small, but their core buzz is still development and very focus.

July 29, 2010 at 10:43 AMUnknown

I just spoken to HLB, and confirmed they are not able to proceed any further for the moment.
The reason was not mentioned.

July 29, 2010 at 3:23 PMUnknown

I just got my loan approved from HLB... Not sure whether the deal with the developer as in developer will bear the interest during construction time will be the same... i will wait and see too....

July 29, 2010 at 3:54 PMUnknown

Sharon, I went to their sales gallery yesterday , the sales person told me limited units left for garden units and penthouse only.. and all the typical units been sold out.

July 29, 2010 at 4:04 PMUnknown

hi sharon, can u check with hlb, as i understand that at the moment, only two banks are doing the loan for this project. i m a bit suprise that hlb approved ur loan.

July 29, 2010 at 5:04 PMUnknown

Understanding from the developer, the carpark pairing criteria is to obtain loan within the time frame which is on or before 23/8.

July 29, 2010 at 9:55 PMUnknown

Hi, am one of the Elit 1 buyer and also banker too, I notice that throughout the blog, there were lots of personal assumptions. As my knowledge, the banks did not drop out nor rejected, the banks still rushing out to the market too. But unfortunately the HQ still processing the application. Due to the slow approval of the loan processing, that's why the developer suggesting us to other banks.

July 30, 2010 at 10:13 AMUnknown

I agree with you Marcus , I personally called the Management & manager of HLBB and EON, whom incharge of this project, they told me the same as you mentioned.

July 30, 2010 at 11:39 AMUnknown

hi shahir, hlb told me to wait, pbb is out for time being. even affin and am are in the picture but the interest rate seems less competitive, meaning not as -2.15% anymore.

marcus, may i know which bank u r from?

not being negative, i believe we are trying to gather more information.

July 30, 2010 at 2:04 PMUnknown

HLB confirmed approved my loan for Elite 1. The agent is helping me to appeal for better rate now. The approved rate was BLR-1.9%. I understand from the agent earlier that the agreement between seal and HLB not sign yet. Not sure about the current status

August 1, 2010 at 9:41 PMUnknown

Hi sharon which HLB Branch approved the loan for, can u refer to me. i wish to obtain the loan from that agent. what packages HLB offer, as u said the agent will appeal better rate and how low they can give????

August 2, 2010 at 2:58 PMUnknown

Hi Veronica, the approved rate was brl-1.9%. The appeal unsuccessful as HLB said this project lowest rate is blr-1.9%. I apply via KL as I work in KL now. But the agent said all the loan process at KL, so it doesnt matter. If u r keen to apply from my agent, I will talk to her.

August 3, 2010 at 10:33 PMUnknown

Hi Sharon, as i know now most of the bank is offer BLR-1.90%,only HLB in KL can do d loan??? how about penang branch ???

August 14, 2010 at 9:29 PMkiroz7

Have anyone signed SPA already? or known the specs for the units for EH1 and EH2?

August 16, 2010 at 1:31 PMUnknown

Me & a few friends are some of the few pioneer purchaser(s) for this project.

Just wonder what future planning do they have on this development? Can They deliver what they have promises ? Are all the sales representatives well train and if yes, Is the management aware of what they have been presented or they just do for the sake of selling.

It get me start to worry about the credibility of this developer. 1st they are new without any strong background, 2nd i havent seen any work progresss at site since its launched. 3rd the availabilty of the end financing, what happen and why are certain banks not financing?

Honestly, we like the overall concept of this project and we know there risk in any investment but We hope to see more sincerity and commitment from the developer as our $$ are hard earn cash.

August 16, 2010 at 2:53 PMUnknown

Hi OL, SEAL not yet submitted building plan to gov. You have to wait for another >5 months to get everything finalize. If you plan for own stay, better buy D'piazza now.

August 16, 2010 at 4:20 PMUnknown

I may not very expert in this field. As a property investors throughout all the years, these are some of my comments on Penang Developers :-

i) CA Goh - usually provide cheap and inferior product quality.
ii) Ivory - start selling without proper approval from authority and bad project planning. eg the peak and Penang Time Square
iii) PDC - project always delay. eg government stlye of working
iv)Ideal Properties - too many amendments on project development planning, bad reputation among bankers, progress work very slow . eg CEO

OL and L Heng, still too early to comment on Seal but if they were to follow the above developer practices. I can only pity those buyers who suppoted them.

IJM, i used to categorised them as one of the best developer in Penang. Now ,they also start to flop despite selling at higher price. Don't believe, read on recent comments at platino blog.

Today's developer are too much profit orientated. Just Too bad!!

August 16, 2010 at 4:40 PMxzqtiv

How about SP Setia, Sunway, Mah Sing, E&O? Can any one of these developers be categoried as good developer?

August 16, 2010 at 8:09 PMUnknown


Just my personal opinion to share with you.

SP Setia - they are very established developer in Malaysia, their developement concept not bad, their landed property although some phase already completed but not really very appealing. Their reflection should be good but in view of the escalating price , we have yet to access their real value.Big and established doesn't mean thay can deliver good value of property as it also come with very high management cost. The only set back is the Location!! that is why you can see many completed units are up for sale. You can easily find many sub sale in the market!! meaning the take up rate is low.

Sunway - Is another very pioneer developer in Penang, they dont have very good project to impress me. I would rate them as average category with not much complaint or not much talk about developer.

Mah Sing - Establish KL developer after CP and SP Setia. Recently they have acquired new piece of land in town called the icon. Very impressive n rather new concept but now i heard they face some problems on the approval from our local authority - another bad planning. The southbay project should be a good place to invest if price are reasonble. With so many upcoming new project in Penang plus many sub sale property flooding the market in the near future...They may encounter some obstacles to have a smooth launch on their southbay plaza.

E & O - Their high pricing property like the suites and quayside have some how rather affected the market pricing in penang. Suites with many foreign buyers is doing ok with project near completion but quayside still depend on foreign purchase to progress. So far the overall environment and concept quite good although they face some land settlement issue earlier.

If you look at our housing development act, it still lack of clauses to really protect house buyers. Maybe it is time for our Housing ministry to further review on it. for instance, their artist impression always mislead customers especially a layman which dont understand the actual terms. As far as the developer are concern, their priority is to protect themself first, they just have to cut cost to increase their profit but we buyers will have to suffer as a result of their mismanagement. example - D'piaza Condominium.

August 16, 2010 at 11:21 PMpenang

Seal very similar with Ideal. Only few banks financing Elit Bayan and so does The One by Ideal. Both commercial title. Why bankers not favouring? rumour that Ideal has interest in the project also....well buyers what do you expect?... how true... u will know when they delivered cos quality will be Ideal std. Just look at The One, they show nice picture years back and then change change change. Now the development component has no MSC, No Hotel, No Office but only Rifle Range product...fr a fren has been tricked into buying a unit costing more than 1 mil!

August 16, 2010 at 11:36 PMconcern

Hi PEngineering how about Belleview Group any comment for this developer?

August 17, 2010 at 7:44 PMUnknown

Hi, Just checking with u all. Did any one know Elit 1 available units left?

August 18, 2010 at 11:29 AMUnknown

Understanding from the developer, the signing of SPA is between end of Sept or Oct.

August 18, 2010 at 2:20 PMUnknown

Hi Sam, No need to ask developer, go to search at epbt, http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=158448&S=S you can find all the projects status. This link is for elite height. They have only submitted "Kebenaran Merancang form" and it is still pending for approval, not even submitted building plan yet. Do you think the building plan can be approved within 2 months ??

August 19, 2010 at 9:50 AMUnknown

PEngineering, ha ha.. I agreed with you and hopefully Seal will be one of the miracle.

August 22, 2010 at 6:49 PMpenang

When the plan is approved and is not as what they expect. Buyers will usually suffer cos developer usually cut corners to maintain the profit margin. Well, then who cares then cos all SOLD OUT. Buyers, one advice. Better ask to see the approved building plan before sign agreement. Also the specification. Even 1 World by the bad reputation Ideal at least have show unit to show the spec...

August 22, 2010 at 10:36 PMPen

Tomorrow is supposed to be the date for car park pairing. I had been trying to reach the developer, unsuccessful. Anyone has the news about it? Are we supposed to go there? There is no news from the developer at all, I am loosing confident on them over this kind of poor arrangement..

August 26, 2010 at 1:54 PMUnknown

Ya.... everything not in order only one brochure. When ask about legal fees which we are forced to use their lawyer also not ready. Will inform us upon signing SPA. When call the sales personnel who attended us, she is on vacation and spoken to the other Sales Personnel but she sounds more like GRO. We are purchasing property and not at the pub or bar.... we don't need all this sweet talk with the lemak voice. What we want to know is what is happening to the project. It is our hard earn money. Is this Developer sincere? Everytime i called, there will be different people who attend us. The day we called to register one person, visit the office the other person, called to follow-up another person and now another person again. Apparently the earlier staff have left company not even the project start. Anything wrong to the developer?? Anyone who know it please update us before we are being con.

August 26, 2010 at 9:24 PMUnknown

Yea... Doreen you are right. We have cancelled our booking as we have lost confidence with this project. My friend worked there before and she told me that the way they run their business are like not serious. The don't have proper staff to focus on the project and majority of their staff are related to the bosses even their panel lawyer. Their turnover are high. I suppose if an experience staff won't work there except the pasar malam staff like the one you have mentioned. I believe the company really got problem. Need to reconsider whether can they deliver.

August 26, 2010 at 10:51 PMpenang

if the developer is serious, they should have senior staff where buyer can refer to if junior staff leave the company. In this case, it looks like they have none and also it is only normal that key person with good reputation in property market will shy away fr joining a company if they smell something fishy. Well Penang is very small and news just spread.

August 26, 2010 at 11:58 PMPen

Hi Wayne, which unit u cancelled? I am interested. Can contact me? Penangx@gmail.com, thanks.

August 27, 2010 at 2:06 PMNaukIaw

Ya.... we are now like being a fools. The carpark pairing dateline ended but yet they are unable to provide any info on the carpark lots. Everything still pending approval. I believe their staff are not experience and how to get an experience staff when they themself got no commitment and confidence.We are worried.... Should we sign the SPA and after signing can they deliver to their promises. Can someone give us a good advice. First time buying house with so many terms & conditions.

August 29, 2010 at 2:04 PMUnknown

Hi Penang, i fully agreed with you. My fren who worked there before didn't last for 3 months.I believe an experience staff won't last long. Doreen, it is up to your decision. You still have time to consider but must be very careful. They are very tricky accoding to my fren advise.

August 30, 2010 at 10:37 AMhobbit

all things comes with risk! need to consider 360 deg. and not to rely solely on comments to make up yr mind. just sharing my experiences...

September 2, 2010 at 5:37 PMsokohaw

That's the "privilege" given to the developers by Penang buyers themselves. Buyers purchase property based on paper & "mini show house". Surely the developers can do what ever they want after that. Anyway, I think these days will not last long as more & more signs of over supply can be seen in many completed projects in Penang, in fact it's happening now........Better buy landed propertylah

September 4, 2010 at 9:45 AMPen

Car pairing done, what's next? I don't even know which car park space I will be given. And how about S & P date, was it fixed yet? Without S & P singing off, we don't even sure when they plan to complete the property for buyers.

September 15, 2010 at 1:13 PMjeffrey

one announcement made in the seal http://www.sib.com.my/www/index.php?option=com_content&view=article&id=114&Itemid=169

September 16, 2010 at 6:59 PMpenang

Pen - take note that Elit Bayan and Golden Triangle are both very similar in their SPA arrangement i.e. no SPA = buyer dont know when project is supposed to complete. Well, it looks like it may take another 3.5 years to complete if you are lucky = 3.5 years + 6 months already gone = 4 years....Well I-Regency took 5 years anyway ....

September 17, 2010 at 12:46 PMProperty talk

The very first thing when you walk into the sales office is to ask whether the S&P is ready to be signed. If not, don't bother about the project anymore until the S&P is ready. Of course you will encounter sales person where they show you the entire plan and model, they will tell you to put a booking fees and if you don't put a booking fast, the price will increase soon and there are many people interested in our project. They will show you how many units have been booked but booked doesn't mean buying. Then they will share a plan with you such as we will do car park pairing by xxxxxx, we will let you know the finishing of the units, etc etc.

My advice is whether for own stay or investment, make sure you book, you get a loan approve and you sign the S&P. Don’t let the waiting time cost you a bomb. S&P is not ready is because there are still legal documents and actions are taking place.

September 17, 2010 at 1:54 PMjeffrey

Have u guys noticed the "Jusco is coming to Bayan City !!!", what does this means? A promotion trick for Elit 2 and Elit avenue launching or is a true statement?

September 20, 2010 at 8:05 AMPen

Anyone knows about the selling price of Elit 2 & Elit Avenue?

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