The Golden Triangle Condominium is located in Relau, Penang comprises two 26-storey residential towers with a total of 672 units. Each condominium unit comes with built-up area ranging from 1,165 to 1,315 sq.ft.
Facilities at The Golden Triangle Condominium include swimming pool, community hall, basketball court, gymnasium, barbecue area, children playground.
Property Project : The Golden Triangle Condominium
Location : Relau, Penang
Property Type : Condominium
Tenure : Freehold
No. of Blocks : 2
No. of Storeys : 26
Built-up Area : 1,165 - 1,315 sq.ft.
Total Units : 672
Developer : G.I.M Smart Venture Sdn Bhd
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482 comments«Oldest ‹Older 1 – 200 of 482 Newer› Newest»
- June 27, 2010 at 1:59 PMUnknown
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«Oldest ‹Older 1 – 200 of 482 Newer› Newest»Already launch???
What is the price?
what happen to Bumi lots ?
Both TGT & Elit are having same concept with shoplots located at the bottom of the condo. Shoplots are all on commercial title, how can you have a piece land which has house 2 type of land title in TGT. If this is possible, I just wonder why Elit can't covert the condo into residential title to attract more customers push up the price even further... Puzzle me.
How much is per-square/feet?
price pls???
The name of the project was nice..... But the price is too high as the name. With this type of pricing, still lotsa of choices in Penang.
Really no confidence with the developer. Just look at the way how they manage the booking on last weekend, its totally out of control. Just imagine, just to manage a booking also like go to the war, how to build such a big project?
On top of this, does anyone who booked the unit get any proper/ details doc? Are GIM selling cakes or an apartment?
Sorry, this is just my personal comparison/ point of view. I do not know with others. what do you think?
:)
Why say expensive? I think this is the cheapest project in current years? Is there any project <300K / <RM280psf, as the option?
Not sure about the detials, but the location is the main concern. Although very near PISA, but cannot reach without a big routing. The road will be extended to total 4 lanes later, but it will not enough to solve the traffice problem. The T-junction is a meet point between Balik Pulau, Paya Terubong, Relau, Sg Ara and Bayan Baru. There are some other smaller roads, but not too convenient. Worst is the Y-junction in front of PISA.
But in Penang, if there is no big bad things happen, I think the investors still can make a good money from this project.
BG. All Seasons Park by belleview is around rm280 per sq when they launching in year (2009) end. (it is because of location?)
filthy cheap. no wonder sold out
All seasons park in Air item? Not apple to apple comparison ler. Anyway, TGT 2nd block still cheapper by RM20+ per sf, rite?
How about the TGT car park? Free 1 or 2? how much for additional car park?
Elite height aksed for 20K per car park.....
Hopefully there will be more projects like this, so the property price can stable a bit. However, for investors, this is not what they want to see....
Lucky rich people and poor poor people.
Agreed with BG "hope there will be more projects like this" i mean at this range of price. Not everyone can afford to buy a new house at 350k to 400k.
i book a unit total RM364,000! RM256psft...
i m at 23rd floor 1315 psft....
OMG.
Unbelievable. Just cannot believe that some ppl willing to queue to buy a condo. Cannot imagine.
Just compare the price psf for Zan Pavillon and D'Piazza at the same area..........
Anyway, there is a reason why the project hits RM240--RM280 psf for soft launch project like GIM. Believe it or not, there will be few more projects coming up at that area which is not under commercial land title and the price psf will lower. Just imagine, RM280 psf to buy a property with a new developer which do not have reference, worth it?
Another concern is how strong is the company to take up the project? Why the project so rush to launch? Why the company impose no booking fees? Is that simply just a marketing strategy?
Btw, this project was "Booked Out" NOT "Sold Out"..... How many of them who booked really turn up as a buyer still too early to judge.....
The above barely my personal point of view. No hard feeling ya.....
:)
From~~Platinum Rectangle
As I know, under the "Housing Developement Act", developer actually cannot collect any booking fee from purchaser at all time. Develper is only entitle to collect 10% of the selling price upon the signing of SPA and the further payments only can be collected in accordance with the terms of the SPA. :)
Is someone do the "Title Search" in the land office (komtar)to confirm TGT is under Commercial Title? (FYI, RM30.00/search.)
Is there any other projects coming soon in this range of price? I am looking for a house within my budget for own stay. Thanks for sharing. :)
Platinum, do you think future new property in Penang will have rate lower than RM240/sqf? How low will it be? RM200/sqf? RM220/sqf?
Could you show us some other better choice that you mentioned?
if the location is not too far from developed area, still can consider. for me, best is bayan lepas/bayan laru/relau, coz i work at FIZ..
Ya Mr. Bussiness, I know most of the developers are collecting booking fees from the buyers to reserve the unit. However, for those developers who obeying the law also not doing smtg weird right? Because they are supposed to follow the law. And i feel that this law (no booking fee is allowed) is actually protecting the buyer.
reference:
http://www.hba.org.my/HBA/Speeches/hda_protect.htm
Hi all, anyone know why GIM 1st project-Oasis till now the construction not yet started after 1 yr? for any reason? a new developer without any completed project, + selling cakes style, feel abit shaky~~
eunice, in fact this is one of the way investor, or some genuine buyers manage to get a beter deal through developer. Take the "elephant tusk" developer as example, they are taking pre-booking for T SQ, The pik, The reziden, ILend resort, and so on, by the time they officially launched the projects, the price already inceased by 2 digits of percent. Due to this, buyers, even may aware that this wasn't the right practice to do, still willing to give the pre-booking fees and signed an unofficial S&P which will not sending for stamp. Risk is always there, but as long as there is enough perks and there is willingness from both parties, this practice can not be stopped.
About the Oasis project, i went to Relau there and saw their terrace house already complete and now they still in process for semi-D. How come ma said that still not yet to construction? Have you really went there before?
i support eunice point, free booking fee is able to let the no rich people have chance to buy, if really need the booking fee, than that will let the rich people to gerong the market only. But honoursly penang still have many "kia sui" ppl.
sky : I think the one you saw is Sentral greens (http://www.apartment-penang.com/2008/09/sentral-greens.html), not Oasis... Oasis is deeper in front of relau vista...
When is the Riverside launch?any price?
sky_wei23: but the free booking is already being mis-used by some people where I see got some whole family go book 2-3 units (while they only need 1), end of the day many units is being release back to the developer, and developer sell at higher price (no more early bird discount). Who is suffer? Obviously the buyer who get it later.
They should impose booking with a fee (and penalty if you release the booking later), at least those people will think carefully before placing the booking. And not simply hamtam first...
This really screws up the whole scenario...
FYI, this developer is joint venture with Ideal developer for this project. this explains why you see Ideal staff are in the GIM office. and also the land is belong to tunas muda. tunas muda provide the land to Ideal and Ideal further join venture with GIM to develop the land.
As for OASIS project, the land is belong to some land owners and all the units are sold to land owners themselves as well. Since the economy downturn, they on-hold that forever upon getting land owner agreement.
overall, Ideal developer name + a new & small developer (GIM) = ???
you judge on your own loh....
huh..another joint venture project from these famous cunning developer (idial) and st#pid developer (Kopirasi).The known risk from these developers is for sure will delay your SnP stamping after received your 10% downpayment and resulted dragging the project completion.
but with this reasonable price, may be its still can be acceptable.
Loon:- What I mentioned the lower psf price is refer to the same area. Not the whole Penang. BTW, do u get RM240 psf for TGT? Off course you can find some lower psf price within relau/ Sg ara area even now or within this year..... Where? Do your homework please.
:)
To all~~ Can anyone name me one of the established developer who didnt collect booking fees? Prove me wrong please. Thanks.
Does anyone can tell me with a shop lots at the lower floor of the apartment at same piece of land can be other title other than commercial land? If so, how do the developer "devide" the land under diff title?
:)
Platinum Rectangle
Hi Mr Businessssssss, So do you want to refer to the house price or the psf price? Btw, I m not here to compare this condo! Dont get me wrong! This is just a sharing point of view. If u feel that the price is reasonable for you, congrats n u get the right choice.
:)
Loon,
Congrats and Good Luck.....
:)
Platinum, thanks, we all just sharing our point of view. :)
hi all, i snap some Oasis Relau picture...
http://www.glowfoto.com/static_image/30-032849L/4498/jpg/06/2010/img5/glowfoto
http://www.glowfoto.com/static_image/30-035728L/2799/jpg/06/2010/img6/glowfoto
http://www.glowfoto.com/static_image/30-053622L/2167/jpg/06/2010/img4/glowfoto
http://www.glowfoto.com/static_image/30-033723L/8088/jpg/06/2010/img5/glowfoto
yes,Oasis construction not yet started..the landed house built is belongs to "DnP"developer. not GIM. Oasis project is the one located along the 1 way street.
Platinum, be humble with words like "prove me wrong pls".
Hendy, Thousand apologize...I m so sorry on my word.....Well, u r so humble to comment about others????
Thanks anyway, I will look into it seriously....
:)
OMG... what has happened here? Lets continue to update news related to GIM or TGT project...
I think GIM group will collect the booking fee very soon before sign s&p.
hi, when i book, GIM said will collect RM2k booking fee in 2 weeks time, and signing S&P around year end.
dump question: Is it from the date we sign S&P, GIM must complete COndo in 3 years time? What if GIM not complete in time, what will happen? thx for answer.
Mr.Business,
Could u kindly interpret what was all the Mandarin story about ?
This is for the kind souls out there whom don't have a clue ?
Thank you.
hi mr business,
you seem to buy a lot properties here and there...you said you bought pearl regency (>500k), reflection (>400k), now TGT again (>300k)..buy >1million within a year..wondering are you just bluffing.
I have booked 1 unit, type D1 >RM380K
For me it is definitely worth..think again where u can get a place with the price in penang, some more with condo facilities. although the land of the place is claim cheap, but condo still condo and the location is good, in my opinion, queensbay, PISA, school bukit jambul, airport, ....so near....the traffic is only a concern but since they are going to widen the road, what else need to worry?
flower,
if you are buyer, need to worry 2 things,
1: GIM able to get 2 title as the promise?
2: GIM able to complete the project? while Oasis Residence had launch quit some time but still no really start construction.
bryan: you will never know, i believe that is do-able... because i know pll who actually make it that far... even if now you only have 50-100K, but in 3-5 years, you will make it provided you apply the correct strategy... that is the beauty of property investment :)
Just coming back from GIM office and this is the info I got from the sales lady:
1. booking fee be collected within 3 months from now, SNP will be sign on end of the year
2. the land have mix title for commercial and residential
3. Oasis project - they haven't launch it yet, but all the terrace house had been booked, semi-D and detached still available, they'll start the construction before end of this year
would appreciate anyone can post more info if got any
nothing to worry...worry always stop people to take the risk..when stop to take the risk..a lot of golden chances will fly away. "Cincai", the 2 concern you highlights is not a concern for me as
a. As mention before, the land is mix title, commercial and residential. If still confuse and uncertain on this, you may double confirm it when you signing S&P or paying the booking fee. They cant and unable to cheap us for this
b. Able or not able...hahah..if we use this as a reason, then not need to buy a new develop property, just buy a second hand house..Some more, this is their first few project..As my opinion, they will make it be the best of the best. The situation just like when IJM start their business in Penang.
The M Tower will be launch end of the year, I believe the psf price will be more than G & I Tower.
Heard that current mosque will be take away, and will build a new one just beside this project. some more bigger than current one.
Don't now any impact to investment?
NC,
how true is your statement about the new mosque in that area?
This scenario for sure will occured if not enough car park provide to the buyer there. However, there is uncertainty also as the area will be developed, and the road might be control by illegal parking regulation. however, if mosque is build on the area, for sure it will impact the pricing...hopefully this is not inside the project on the area, else...i think will be a disaster? any confirmation on this?
Is there any unit left for non-bumi unit? I am interested to book one.
Don'y worry. There are people just booked w/o any intention to purchase (because no booking fee). They will let go when they are asked to sign SnP. Worst still, based on the macro economy data (US housing & car sales dropped to record low, Unemployment rate went up and Stock market lost 15%), we may be heading to recession or very slow recovery.
Bryan, do you think they will simply remove current one without re-build new one? I don't think so.
please think carefully.
D'piazza price not affected, but did you know still many unit pending for sales(investor)? please check yourself.
I do not want to comment too much about this, hopefully don't shoot me, thanks.
NC,
you got the point here, rule of thumb - will add more but cannot reduce. Know it make sense to me why Tower-I is selling much cheaper then Tower-G (RM238 vs RM256 per sq. ft.). Very high chance the surau/masjid will be relocated to the north of tower-I.
to me that area is deserved to have a masjid as masjid at sungai ara are too far for relau ppl while masjid near sunshine are not easily access by relau ppl.
FYI, there will be a piece of land between I-tower and sekolah kebangsaan relau, currently is a farm. the last news i get is, they will only relocate the pusat kesihatan over there. Surau/masjid may be another option as well..
funny, someone don't know how to estimate the size of TGT project area. with the TGT + new road, there will be still an empty land between it and sekolah.
Don't under estimate someone when you don't know much.
we went to GIm office last week too. the ady said Golden traingle will launch at the end of this year.
Why need to pay Rm2k now but only launch by end of the year?
-so far the sale lady just 'saying' only, no black n whiete prove her answer.
-we realized the staff on Preview day told the different info to buyers..Some told I Tower is actually facing Paya Terubong road...but i saw brocure, G-Tower should be the one facing road to Paya Terubong..and M tower is the one facing to Sg Ara..Somebody pls correct me if I am wrong..???thanks a lot
ya simple piece of info that show on the diagram. but yet the staff told the different thing when my friend went on Sunday.they are not new birds, n they are not deaf (sunday lesser crowd then saturday) .i would rather assume they gave wrong info then they changed their plan again.. if u realized, their original plan is actually 2 L shape. no point to complain n so on..just hope that they can give black n white to prove what they are saying by the time they ask for booking fee later.
Hi Mr.Business,
Could you enlighten the exact location of the TGT?
The catalog map show difference location compared to the map attached on the penang apartment.
Is it somewhere nearby the Relau Traffic Light there? or infront of PISA?
Mr Business, emm...you blog too much. Are you a genuine owner?? or...
Invest the porperty sure have the risk inside expecially the new project. If we wonder our invest is wrong, we still have time (few months)to reject it. Rm2k booking fee is not much...:)
Actually i also successful book 1 unit at I-Tower facing pool.
hey yunno, the recent preview of the Tower I was to my surprised many people were queing for the booking. i even came across some aunties commented that no booking fees needed so they just registered and reserved their desire unit. well, they even get to eat free meal and at the end they can always drop off the booking after no payment is made. This type of trick the developer made is the similiar trick where a local developer did that once 10 years ago. the crowd was overwhelming.
btw, the sales staff are no well trained and unable to provide more details. Who is GIM? never heard about them. A fren told me that they are a developer from mainland and did only pocket developments. Having doubts on their credibility.
Invest the porperty sure have the risk inside expecially the new project. If we wonder our invest is wrong, we still have time (few months)to reject it. Rm2k booking fee is not much...:)
Actually i also successful book 1 unit at I-Tower facing pool.
hi,good morning!
Hi!good morning.
back from GIM office.latest news to share.
we will receive letter soon.to pay booking fee &/ ign S&P within 3 months time. end of the year will start construction. (This surprised me becoz last week they said end of the year launch but now they mentioned that preview already consider as launched)
anyway,they will have mgmnt meeting tomorrow on the details included maintenance fee/2nd car park $,etc etc. this is the 1st mgmnt meeting since preview day.
went GIM office today.got a latest new. we will receive letter within 3 months to pay booking fee,sign S& P. start construction by end of this year..
Anyone has the type D1 layout plan?
Anyone know what is the land lot number for this TGT project?
Really can sign the S&P within 3 months? They already obtained their planning approval? Why I couldn't get this project in the government web-site? :(
http://www.epbt.gov.my/osc/Carian_Projek.cfm
Hope that this condo don't become like Birch Plaza...
always a risk for those condo with shoplot.I asked abt hows the car park design, but they said dont know yet. hopefully car park not like timesquare needa turn n turn.
Mr Business,
Seems like u like this project very much..... All your comment was one-sided... All +ve view abt TGT.....Did u really cant find even a single -ve view about this project? Well, I did not need your answer here, just answer to yourself..... No hard feeling ya....
Btw, I really appreciated what you shared here... Thanks to share your homework....
:)
Anyway, diff ppl got diff point of view. Nobody was right and nobody was wrong...... Some ppl can like it very much where some might not.... For those like it, do not need to force or try to influence those who are not... So as those who not like it, can also share their point of view. This doesnt mean that all must agree with them.....U can choose to believe yourself......
All in all, buying properties (for those own stay), as long as u r comfortable, why care abt wht other ppl think.... For those investor, will u just give up your investment just by few -ve comment? Will this -ve comment impact u? If so, u better dont invest....
Well, lets see how the project going to be..... God Bless.....
Platinum Rectangle
Is there any news from GIM on handling traffic, expand road, fix the choke point ?
Platinum Rectangle,
After your Thousand apologize to Henry la, sorry on your word la, look into it seriously la..bla..bla..
Now again, You come back to attack ppl (like previously you did) and want to escape with "No hard feeling ya.."
Do you book a unit at TGT? or not success book a unit? I guess you're not, because you give so many -ve comment on here and encourage people to give -ve comment as well.
i picked on you coz dun like the way you speak. i think, some of your comment might have valid point, but the way you express your opinion, have some problem.
Well, guys.. Bryan, Malek, Platinum, you all guessing whether Mr.Business is genuine buyer???
I knew him from cari forum few years ago and apartment penang forum 1 year ago. You can check his posts in other projects, the projects which Mr.Business "dislike", all his posts will be -ve comments, the projects which Mr.Business "like", all his posts will be +ve comments. He is quite free to kept posting and posting. Check yourself if not believe.
The answer is No. He 100% not genuine buyer, even an investor. You will surprised why he invest so many projects he "like", but he is "real invest" or just "paper invest". Who is Mr.Business? Please guess yourself.
+ve had listed out by others, so I just add 2 points that might be -ve.
1. your area will surrounding with foreign workers, the Golden Triangle complex will be their new target.
2. the sale girl not promise the road will expand, only proposal, final decision still with government. The answer only know after 3 years.
Good morning!
hey, hear say the developer is from mainland and only did pocket developments. sale staff were not well trained, no confident in their projects in penang. any tom dick and harry can also register and book their desire unit, cannnot imagine how many genuine buyers during ther official launch. Located at jalan relau, no way. Many foreigners are residing at the area and the worse ,the junction is real congested.
The koperasi and the developer told me that the T-junction definitely will be expanded. The land opposite Public Bank is belong to Koperasi (except medan selera). You may check with the koperasi what is the development plan for that piece of land and whether they will expand the road there.
Mr Business of Cari Forum
What i know from GIM is road will expand, but i think only at way to sungai ara and go in to relau. Opposite form public bank is not sure yet! I have been leave Relau few years edi, actually what ur state at above -ve command is not a problem! I argee relau have foreigner stay but if really want to compare Relau chinese people more than them, if you go Tmn Bendera there look how many economic rice open at there you would know edi...haha. Traffic jam everywhere also have, do you think penang got one place will not have traffic jam, unless government can really implement the LRT like KL or Sigapore.
Dear Loon,
Thanks for your comment. Please do not over estimate yourself and under estimate others.....
Anyway, u r wrong. I did booked 2 units there for investment. If you r interested with a reasonable price, I can let go anytime..
I came in to drop a comment, but u take it as I come beck to attack people? Or do think everyone must leave a +ve comment?
You dont like the way I speak? So as me. I also dont agree and DONT like the way u talk! The way I express my opinion have some problem, U r so PERFECT and dont have problems? Who you think you are you for Dont like ppl this and dont like ppl that..... If you really dont like it, just ignore it. I didnt force to read my comment and didnt force you to agree with me. Did I?
Let me have a wild guess, from your comment here, I believe u r just a small kid. Is this you first house? You r too excited and takes no -ve comments.....
Lastly, I do not wish to create a war here! Loon, if u really dont like it, email me. My email add platinumrectangle@gmail.com
Personaly feel that is not fair to others if we both keep attacking each other here!
yes i truly agreed with you statement but this type of traffic jammed is horrible especially coming from jalan dato hashim ismail supposely is a prime area and it seemed the other ways.
platinum, neither me want to create war here, if you think you just perfectly fine, so just continue the way you are now.
Dear platinum, you said you did book 2 unit from this project, but why at here you show that you are not confidence at you own decision? Please think twice before doing any investment.
I believe the beauty of this kind of property forum is for information sharing, discussion whatever itis. Regardless of expert buyer/investor or totally new bird. Dont you all agree it's good that we can find many info which we didnt know /even notice (+ve/-ve)..
I personally think it's very rude if ppl treat this forum as a place for them to show off how rich or capable they are,pin point ppl when ppl said wrong info. ..
hey guys, we are here to share our opinions not to have any arguments. i am sure we are matured enough to make our own decisions.
ya worldpeace, this is what I mean actually..we appreciate whatever information/updated news sharing here. Lets put our eyes on GIM~~
Yes kay.Thanks for your understanding.
There is only 2 point i worry - Mosque & Flood!
They will remove the current one, after 3 years how big will they rebuild its?
last time Relau had very worst flood over there, don't know they got a plan to this problem or not such as broaden the aqueduct.
hi, i share the TGT map, have TGT boundary:
http://wikimapia.org/#lat=5.3303356&lon=100.2764118&z=18&l=0&m=b
from the map, between the Farm & TGT, still have some space, but not sure how accurate/correct the person that draw the TGT boundary.
on the left, have Masjid Tunas Muda, how about that one, will remove or remain?
Hi Sky Wei23,
Yes, I booked 2 units. But doesnt mean that I want both...
:)
I will choose one for rent, with full furnish.... If invest in this point of view, regardless of the -ve comment, believe it still can make money....
:)
Something should not really review, but had reviewed here.
:)
Wanna add something follow by "Eunice" post at 7th July. I also cant find anything in http://www.epbt.gov.my/osc/Carian_Projek.cfm regarding the project.
This site contain every planning submitted to the government. if it cant be found, something fishy is going on. You can try to search any other project to test the accuracy.
if you happen to passby the site and see the land LOT number at the "PAPAN CADANGAN", it's even better and accurate to search from the gov website.
just my curiosity, no harm trying, hehe^^
Recently I went to GIM's office and found out the developer's obligation is to construct/build a mosque opposite the tower "lapangan kosong".
My friends wanted to invest their shoplots and decided to drop the deal when they came across there will a mosque.
Just curious. Isn't that a requirement for all projects to build low cost apartments/flat? Could not see this in the layout of G.T. Anyone know?
mosque opposite 'lapangan kosong' ?is that means opposite I tower? ?
Hi kay,you were right!
low cost apartment like melody homes?
eh..Isn't opposite I tower (cross the Jalan Paya Terubong) is Bayan Residences? and got some new shoplot.. Wonder how can still build Mosque there.
Aiyoh...is it confirm oledi? it is not i dont like mosque, but sometime the speaker is open too loud...and......
Whatever, if this is really true..so i think this need to be consider again when we place our deposit or downpayment coming soon
Try the following link:
http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=158448&S=S
Kebenaran Merancang application has been submitted.
Hi Firewall,the project you found is not belongs to GIM project. Its for Seal Property Sdn Bhd ,should be for Elit Height. Not golden triangle. I still cant find TGT
Checked with MAYBANK this afternoon. It's one of the panel bank for TGT. Surprising the in-charge lady was not so encouraging customers to invest in this project. She highlighted to me that GIM claim will pay the interest during construction...BUT if they can't make it later due to BLR shoot up or GIM underestimate their cash flow --> then BANK will go after buyer and not developer!!! Besides, 0% during constrution, BUT from complete construction to get the OC might dragged long like the project in Paya Terubong or never get the OC --> buyer bonded by the 200k-300k loan without any return even apartment completed bcoz of no OC obtained (might due to quality issue or other issue to get the OC). If buyer refused to pay installment after the completion (no OC obtained), bank can sue buyer to bankruptcy as long as the loan >30k....these are risk that we buyers (er...not really buyer, "booker"? :p) didn't aware of...
Elite Height submitted their proposal to gov on FEB 2010, not yet approved until today already 100++ days. But for TGT, still can't find their proposal in the EPBT. SnP by end of this year?? not a chance!!
To understand the relativity of the number of days past submission of the application papers, you might want to search for other projects which has successfully completed. Don't jump the gun, analyze the information carefully.
i was told that one of the directors/shareholders has a heavy debt & has been served with bankruptcy.
CAN SOMEONE CLARIFY THIS???
Well...any one interested on housing loan can drop by any bank and/or braach and ask. The comment given was her personal opinion, no offence to customer or developer. She just highlight thing that we (newbee in buying property) might didn't aware of, like senario might happen if things didn't going smooth. Promise by developer is promise but anyhow bank always go after buyer and not developer on installment if the project hang etc...
I book a unit there for 1315 sqft, now doing homework to decide whether continue ON for booking fee later or switch to subsale for my 1st house (still on going visit sub-sale units). Plz kindly share any info you guys found out about TGT or GIM. Thanks!
KK... i saw you posting the same thing on TGT and Elite height...both of them diff developer...
Ivan, different company name BUT the persons behind are the same.. Chuah CB & Alex Ooi
The director, CB Chuah.... No comment on this person..... I know him for a long time.....
Just beware........
:)
Isn't Alex Ooi the Managing Diector from Ideal Property which built CEO and I-Regency?
then...if same with I-Regency...so should be ok..
but why this project is alerted by Platinum?
the price and location all not problem, now have 2 problem only...
a. Mosque
b. The owner or the developer..
dont know how to move on
KK,
your comment in TGT and Elit Heights is the same la, i went through Seal a/c, they are listed co and they are cash rich co. and i can't alex ooi is the director in seal.
are you getting the right info??
somebody created a blogspot for TGT:
http://thegoldentrianglepenang.blogspot.com/
No matter who is the Director, but the company cash flow is important. What company name under this TGT project? Is anyone aware? I m not refering to the mother group GIM, but the individual stand alone company for the particular project?
Any building material supplier here to confirm the financial status of GIM? Any building material supplier dare to provide good terms for the building material supply for this project? If not, is the financial status strong enuf for this project? Can anyone confirm on this? What is the market reputation of this company?
What is the finance agreement between GIM with the panel bank? Any banker have the info? kindly share.
Thanks.
:)
Hope the answer for the above question (if someone answer) useful enuf for everyone as a reference/ factor for the investment consideration. Thanks.
:)
will the government approve the project to a developer company who without a strong cash flow?
Chuah CB is the opposite of 'Midas Touch' i.e. 'Shit Touch'
seems like this CB Chuah really has a very bad reputation... i couldn't find info of this guy in the internet, anybody mind to share?
When is M-Tower launching?
I heard the MD was a seweage Plant contractor, then went on to do two pocket development at Lunas & Kulim. Poor workmanship, but they sell cheaplah! No actions on complaints of defects. Don't know he can deliver this big one or not. But one good thing I heard his boss very cash rich!
did anybody get any latest info from GIM office?
I managed to book one during the launch, I was thingking with this kind of pricing, at that location, cannot lose money onela, but if what Adelin said was right, then I worry, So they haven't done any "good workmanship" project in Island? Luckily no money down yet.
guys, ur are right. Cash rich not = to good workmanship because developer will usually maximise to earn more profit. They dont give back to buyer via quality. So remember, cash does not = good quality. Businessman always take care of their pocket only and leave buyers in a lurch if something went wrong.
this is why developer is a very important when u plan to invest in property. big company always think of long term business, so they rather build their reputation and quality projects to sustain longer in future.
While this kind of "Za Bang Lang" (rubbish) developer is trying to earn quick lump sum profit and cabut. Good example is D'piazza.
Hi,
Above comment is not from me. My profile is open to all while his is not. His email address should be vincent_tancc@yahoo.com. Be careful with what this Vincent Tan is saying :)
Mr.Business of Cari Forum
Hey Penang,
You meant CB Chuah? Or CE Chuah? I thought CE Chuah is the MD Phuah's Advisor, How does CB Chuah comes in? I know both of them 1 ex-banker, 1 lawyer, if you think CB is "shitty" wait till you see CE.
I saw people are seeking some sort of "secondary market" for The Golden Triangle at cari.com, Good demand! I still think this is a good investment.
Some more, the developer offer "Interest Subsidies" during construction period, very low risk.
But can someone tell me what is the story about CB Chuah, Alex Ooi, MD Phuah & CE Chuah ? Who is behind, who is front and who is advisor? Confusing!
Hey you guys, you all wrong, The real boss behind GIM is Mr. Khor Chong Hai, His group of company is Global Inter Mart; the biggest Freight Forwarding Company for China goods in Penang. He is low-profile but extremely cash rich guy.
Phuah is just a front man for him, who is just a sewerage contractor.
There are a lot of low cost flats that are occupied by foreigners. Can the mall ends up like Bkt Jambul Kompleks?
If all the foreigers hang out at that area, then......
i think for foreigners to hang out, one main factor is the public transport, BJ got many buses stop by there, convenience for them to gather. Ofcoz some is walking, bicyle or motorbike, but is few only.
see what happened to around komtar, where the most buses at there..
No matter how good of the person behind, the front man who run the show still those ShXt......
Just like a very good and expensive toilet bowl with lotsa of shit on it.. No matter how good is the toilet bowl, if full of shit and never flush it away, it will still a big piece of shit...........
:)
also hope that no gangster contractor after the project done
so after so long of comment, can any one tell me is tat worth to invest in this property ?
Hi Albert,
GIM said will cover the interest during construction but according to banker, if developer didnt keep their word, bank will come after BUYER and NOT developer, jz bear in mind on that...I was as steady as you when heard about the sudsidies until checked with bank.
Checked with GIM office last weekend. Very disappointing. The typical answer you will get for every single question is : "Not Sure, don't know yet, will post later on, will inform you all when confirmed, bla bla bla..." and the reception lady show very bad attitude, more like perli when answering question...
Only 2 questions that I get more certain answer (but again NOT CONFIRMED one).
1st: She said S&P can only done earliest is end of this year. Block M will only launch after that.
2nd: Carpark will be like Pragin Mall type, which you have to round and round to go to residential carpark as lower floors are shoplots. 2nd carpark is NOT available until OC get, which mean you CAN NOT secured your 2nd carpark until OC and it has to be paid by CASH, with market value that time (at least 3 years down the road). She said the market price now is ~RM20k, 3 years later don't know dy...
After heard these, feel like wanted to give up my unit... In future it's very hard to survive with only 1 carpark per unit. And the way they do makes them can tarik harga afterwards coz you have no choice but to get 2nd carpark at very expensive price later on, esp TGT is very hi-dens apartment and nearby got no open space to park you 2nd car...
If any of you found other news please share... wish to gather more info on this projects before make my final call...Thanks!
This is a typical problem happens again and again and again....
In the property development industry, marketing staff is salesman, they are paid to bullshit u to close the sale. Back to techinicality, u need to refer the question to the technical sound ppl like engineers or architects or surveyors. U can ask until the cow goes home, but at the end of the day, u will find yourself get confused & disappointed & barking at the wrong tree.
So if I were u, I will exhaust all my resources or network to get the technical info (construction drawings, master layout, etc), from the project's architect or engineers or lawyers or friends work with the developer. I believe they are in the real position to clear off all ur doubt.
Don't jump to the conclusion too fast without studying the detail.
Again, this is my humble 2 cents worth. Cheers!
Adelin - Your finding is only the surface. What LIE BENEATH is already posted earlier i.e. CB Chuah, CE Chuah and Alex Ooi are the what lie beneath. Fr reliable bankers source......BTW, there is always a risk in every investment. If good sales, developer will deliver. Poor sales = close shop lor...or poor quality because cut cut cut cost.
Watch out. A lot of foreigners are just a stone throw away. They do not even need to take bus to be there.
Carol - I think your information of Carpark are not true,
1. They took out 2 shoplots as per Pisa property fair layout and convert a circular ramp into a straight ramp for residential use only.
2. For the second car park, they said will wait until M block launched then all three block purchasers can draw the lot, his rational is to be fair for all purchasers, as M block buyers might pay premium but only get to buy remaining car park.
I think this is logical.
true or not, argue also not point....whatever and however, i feel the project is worth for invest. I would like to take the risk to invest, either as a residential for my own or invest...
It is no way to get a condo with such price in penang nowadyas..
Platinum,
Sometimes have a good and wealthy boss behind does make a difference. One of their earlier project, the shXt contractor can't get the retention wall properly erected, the whole thing collapsed half way, luckily the nice and rich Mr. Khor willing to fork out money to rebuild it.
They redo the retention wall because they need O.C., The shXt contractor totally ignored the defects complaints by buyers from Sutera Indah and Sejahtera Jaya.
i am wondering if Mr business is from developer or what..??
If the mosque is just beside the project, what does your think...any comment???
Dump and run away? Hahaha....
anybody receive letter from GIM..no news...??
in Penang. our house will either nearby to a mosque, a church or a temple~~
But near mosque is not so good...
Mosque is sure build edi...will beside the project...
I saw GIM and Golden Triangle on the Edge, for such a reputable financial journal to interview them, I think my investment will be O.K..
I met the Mr. Lim twice, once in PISA and another time is few days before their launch. His explainations seems to be quite credible, like the traffic problem, Car Park matter. I remember they said they already have "tapak" reserved for the Surau, Klinik and Dewan Masyarakat.
I heard the Mr. Lim is from K.L., used to work with big MNC, Can talk well, but useless, because all decisions are by Mr. Phuah the shXt contractor like Platinum & knight said.
If you are at their office before their launching, Lim & his staff is telling us only staff and bankers can prebook everyone else has to queue on the launching day, but I was told that the shXt contractor allow his contractors & friends to go back door. So all good unit been taken up by "speculator", pitty those who queue all night long.
I agreed with Mr. Business that it must be a good project if its staff and associates like it too. And I glad I am get a reasonably good unit.
But I disagreed with your statement that backdoor is o.k.; do you mean if you have lots of money (net worth) then you can bribe (network) to get unjustice things done.
If like their staff said, only staff and bankers who will be busy on the launching day can book ahead, I think that is fair. But if anyone who has access to backdoor can get special treatment, then where is the integrity and professionalism of the company? Treating customers fairly is a social/public responsibility of any organizations be it private, public or government.
Penang housing is increasing each year..
Make a wise decision for the Golden Triangle Project as i believe no place else where can provide such condo property with such pricing.
why Mr. Business remove all his comments?
Anybody know why they only want to sign the SnP end of the year?
if Sign S&P on that date mean they will start to complete by after three years from the that mean DEC 2013 will completed loh......
Normally, developer subsidy the interest during construction period, means bank will still bill you and you claim with developer later.
Hi,
Does anyone know how about the electric, it's count by commercial rate?
What is the status now? after register, seem like no news at all. when will place the booking fee and loan application??
Bank Negara announce the 80% loan soon. mean we will hard to get the loan approval
80% loan only for second and above properties
latest update from GIM during their roadshow gurney plaza... within 2 months will collect booking fees somewhere around RM5K... SnP probably will sign early next year...
It is time to crack our head to think thru... proceed or pull out....
If anyone decides to pull out, let me know your unit info. If I decide to take up, I will offer $1k. Let's go win-win. Thanks penangx@gmail.com
i think GIM not allow to do that because there are queuing list to wait previous booking ppl pull out.
They said M block will release end of this year... how much psf still don't know... the unwanted unit will release but different price edy...
Read from newspaper this morning. It is expected Bank Negara will limit the housing loan to 80% in next month.
The current trend that SnP date will blank during signing SnP and will only update when they send for SnP stamping. This mean the 3 years will from SnP stamping.
Not only 80% loan but also Govt may reintroduce RPGT back to 30% to curb speculation. So, if purchase for investment better think twice. Another hearsay is that boss has case with Bank Negara and now fund frozen = financial problem, how true is this? Anyone can confirm?
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.
This is just my 2 cents. You can ban ban tan.
but i and my friend who book earlier, which is inform will call us to pay the booking fee, but till now still no news
Just a heads up. Ivory future development similar to this project location at the heart of Tanjung Tokong City, at Jalan Tanjung Tokong, one of the most important primary accesses of the island. "City Mall Tanjung Tokong"
This is for sure to be the main attraction for tourist and foreigners.
Might want to consider this as well.
Hi, fyi, received below letter at my house letter box..GIM changed name to GSV? why? any comment?
Dear Sir/Madam,
CONFIRMATION OF BOOKING GOLDEN TRIANGLE(RESIDENTIAL)
1. We thank you for purchase of the above property.
2. As part of our branding exercise, we wish to inform you that GIM Smart Venture Development Sdn Bhd(885541-A) has changed named to GSV Development Sdn. Bhd.
3. For better service to the purchasers of GOlden Triangle, we have set up new office (next to GIM Group office) exclusively for Golden Triangle purchasers. For future calls and correspondence, please contact the number and address shown as follow:-
GSV Development Sdn Bhd.
70-1-4, D'Piazza Mall, Jalan Mahsuri, Bayan Baru, 11900 Pulau Pinang.
Tel NO: 04-640 1333
Fax No: 04-640 1330
Email: info@goldentriangle.com.my
4. Kindly call at our office on 7th October 2010 (9am to 7.30pm) to confirm your chosen lot, please bring along with the following:-
a) Photocopy of your IC and IC of your joint purchaser(if applicable)
b) Booking Form
c) RM5000 made payable "Syarikat Ng & Anuar" panel solicitors as stakeholder.
5. We hereby give you seven(7) days from the date of this letter to confirm your chosen lot by paying RM5000 above and execute relevant documents. Failing which, your booking shall automatically be cancelled without further notice and we shall be at liberty to sell the lot to any third party without further reference to you.
6. Please do not hesitate to contact our Sales & Marketing personnel at 04-640 1333 for more information or if you have any enquiries.
Thank You.
Your faithfully
The Golden Triangle
Sales & Marketing Department.
Development managed by
Paramount Projects Sdn. Bhd.
I received an SMS from the GIM office asking to collect documents to facilitate loan application. Anyone received that notification?
i received sms as well. Got received letter in my house letter box also.
The letter told to pay RM 5K to book the unit, and also said that GIM had changed name to GVS! GVS newly setup a office beside current GIM office. anyone know why? thx!
I still couldn't find anything and approval from the epbt website. But they are asking buyer to pay 5K already. Anyone knows the land lot number of the construction site?
Yes. Receive both sms and letter. You can go any time by making appointment to pay RM5K downpayment. You can pay using your credit card. Loan mortage officers will be there as well. 3 panel banks that is Hong Leong, Ambank and Affin.
For 2nd carpark purchase, single type carpark is RM20k (not necessary will get side by side) while back to back type carpark is RM13k.Feel too expensive for the single type carpark.
TW, you are right. Can't find GVS in the epbt website. Can find GIM but there is no golden triangle record. think need to go to their office to ask them
Why suddenly name change to GVS ? !!
smell a rat ...something fishy going on ??
GIM changed to GVS... so isn't it weird when a project is supposely doing so well with all those FULLY BOOKED version suddenly changed name? I have posted comment earlier that hearsay one of the boss being investigated by Bank Negara for money laundering... so the Q is not true or false and financing wise, strong or not. I guessed u guys realised Phuah is no also MIA now!
Even your not interested and want to let go your unit also no use because you are not allow to pass or change name to other person. And they also have many people on the waiting list. Beside, now the banker also offer BLR-2.2.
Yes. You are not to transfer name to other even someone from your family. This is fair to those in the waiting list and avoid those from speculate.
Please read coming Budget introduces 30 percent Real Property Gains Tax. From 5% increase to 30% Gains Tax. Please read before pay booking...................
2011年財政預算案
房產泡沫蠢蠢欲動
5年內賣屋或需繳盈利稅30%
http://www.chinapress.com.my/content_new.asp?sec=business&dt=2010-10-07
Csn somebody please confirm whether the name can be transferred or not? I am an interested buyer.
I don't think 30% property gain tax will deter speculation but only lesser gain to investors. In other word is sharing profit with goverment. After all, still a high yield investment.
Here are the explanation from the developer sale persons:
1. The GSV is a subsidaries of GIM to handle this project.
2. The GIM is not part of or related to Ideal developer.
3. The S & P to be signed by year end. Completion of project 3 yrs from signing S & P.
4. The project is very popular until they think it is no need to build a show house to show to the buyers before signing S & P.
5. They don't mind buyer cancel booking as there is a long waiting list.
6. Price comparison:
- GT : 278k - 320K for 1165-1260 sq ft
- Elite 1: 420k for 1350sqft
- Elite 2: 460K - 480K for 1450 sqft.
Location: both less than 0.5km away.
But price 30% more expensive and Elite is commercial title.
7. GIM has more condo and landed projects coming in the Relau. They can not afford to spoil their name.
8. More than 50-60% buyers have paid their 5k booking to date.
Let's judge for ourselves.....
Today go office, quite a number of ppl already pay RM5K, mostly use credit card. Ofcoz some is observer only, me not yet paid.
my opinion:
1) The budget 2011 news to increase property selling profit tax to 30%, maybe will make those want to invest to release their unit. But the benefit is Golden Triangle will encourage those real owner for own stay. Because the waiting list still very long..
2) For 5K booking fee, If you decided not to sign the S&P at around Dec2010(as they said), you still can take back 4.5K. This condition is listed on the booking form. So, still can observe before sign S&P.
3) If not pay the 5K, your unit will be release to the waiting list. The early bird benefit will be gone also.
I think i will go pay 5K 2molo, coz is not finalize to S&P signing yet, still OK for me. If i decided not to proceed later, at worse is lost RM500 only.
just my 2cent. judge for yourselves too..
Hi all,
I had paid 5K. The booking letter have Lot 252, then try search epbt with "252" again and found Golden Triangle Project in epbt website!! See the link -->
http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=184895&S=S
Request date is 12-Jul-2010. Current status is "Proces"
No. Rujukan Projek : MPPP/OSC/PM(992)/10(LB) : Permohonan Pindaan & Tambahan Kepada Kelulusan Kebenaran Merancang No. Jpb/Km/2929/A [Jpb/Pm/2907(Lb)] Yang Bertarikh 8.10.2003 Daripada Cadangan Mendirikan :-
i) 2 Blok 19 Tingkat Pangsapuri Kos Sederhana Jenis B1 (672 Unit) Termasuk 1 Tingkat Kemudahan Dan 4 Tingkat Podium (Tempat Letak Kereta & Perdagangan) Kepada:-
ii) 2 Blok 26 Tingkat Pangsapuri Kos Sederhana Jenis B1 (672 Unit) Termasuk 5 Tingkat Podium Yang Mengandungi 176 Unit Kedai/Pejabat, 22 Unit Kiosk, Kemudahan Dan Tempat Letak Kereta Di Atas Lot Pt 252 (Lot 1082), Sebahagian Lot Asal Pt.2568, Mk 10, D.B.D., Jalan Dato Ismail Hashim/Jalan Paya Terubong, Sungai Ara, Pulau Pinang oleh Koperasi Tunas Muda Sungai Ara Berhad di Majlis Perbandaran Pulau Pinang
Untuk Tetuan : Koperasi Tunas Muda Sungai Ara Berhad
No. Lot : Lot Pt 252 (Lot 1082), Sebahagian Lot Asal Pt.2568
Mukim : Mk 10
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My finding:
Some info that matched Golden Triangle:
1) 672 Unit (exact match!)
2) 26 Tingkat Pangsapuri Kos Sederhana
3) 2 Blok ( i think is block I & Block G)
4) 5 Tingkat Podium (for shoplot & carpark, resident start from level 6)
5) 176 Unit Kedai/Pejabat (can someone check in total got how many unit of shop?)
6) Lot Pt 252 (same from the booking agreement)
7) Mukim 10 (same from the booking agreement)
8) Koperasi Tunas Muda Sungai Ara Berhad (GIM/GSV joint venture with Tunas Muda. Tunas Muda own the land)
Seem like is for TGT, can someone please help verify is it for Golden Triangle? Thanks!
Hi,
The budget 2011 news to increase property selling profit tax to 30%? This may sound stupid but I just need clarification.
If lets say I buy a property in year 2011 and decide to sell in year 2015, will this budget 2011 takes effect on 2015 or selling the property in 2015 will takes effect on budget 2015?
Thanks.
It depends on which year you sell... 2015 property gain tax might be 50%.. who knows
as i know, as know as you sell it after 5 years, the tax is excluded.
the contruction company for this project is Paramount... any comment on this contruction company?
When the current Surau will demolish, and build a new one? I am eager to see the road going to expand.
Hi Ivan Lim,
To my knowledge, Paramount is an old time contractor with good track record.
if the Paramount here is the Paramount i know, they are solid contractors and developers too. Closely related to See hoy Chan. Projects include Fiabci award winner Sri Merbok @ sungai Petani, Kemuning Utama at KL etc..
boLanliap,
I am impressed to see your comments on Elit Heights. I have stayed in KL for 2 years too. What are your opinions in this project?
can anyone knows name transfer is allowed for those who have made the booking ? Anyone has successfully done it ? What is the penalty here ?
K,
my view is very simple. just tell me which project with commercial space which is doing well in Penang?? and enlightened me with their maintenance standard? For me only Gurney plaza is up to a proper standard...the rest.. :-(
Developer knew that if they built only commercial lots..sure loose money, so they have to package it with residential.
If i were to invest condo unit with commercial, i will buy D'Pizza(lol). why? you may ask. now this pizza condo selling at 340-380k and OC obtain(no risk of incompletion). you can check the quality b4 you buy and got plenty units to choose from. you can also rent the unit out for immediate return.
if the argument for Elit and GT holds water..Pizza condo should do well too, since Pizza condo are so near to these 2 projects, especially to Elit?? why take the risk with unproven developer?
If the developer is Sunrise, country height, tan&tan, IGB or SP setia...i may consider..
btw..im no pizza owner..hahaha
I think there are a lot of ppl still buying Elit and TGT is because they need to pay for the installment after 3 years. Of course, with the hope that the price increase after 3 years upon completion.
bolanliap,
you 've got the point. anyhow, those buy golden triangle no matter for own stay or invest, the price may have potential to increase after 3 yrs, who knows? but dpiazza price is already been top up ~100 k and selling now. no room to increase already.