The Golden Triangle Condominium

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

482 comments«Oldest ‹Older 201 – 400 of 482 Newer› Newest»

October 28, 2010 at 12:03 AMThinker: Anyone has bank loan approval so far?
Anyone has BLR-2.3?
Kindly share the info. TQ.
October 28, 2010 at 10:47 AMAnonymous: Yup, I got it, you may check with the HLB bank officer - Judy. Her hp number is 0124824160

Thanks
Steven
October 28, 2010 at 11:13 AMUnknown: hi Mark, may i know how much is your loan (90%) amount? >300K? with MRTA?
October 28, 2010 at 1:16 PMAnonymous: Yup, 90% borrowing with loan closed to RM300K with MRTA enabled. U can call Judy for check-up, she is a fine and helpful lady.
October 31, 2010 at 6:18 PMNC: CIMB very good rate
November 1, 2010 at 10:14 AM20P: Is CIMB bank offering loan for unit's selling price below 300K? What is the rate that they are offering? BTW, is CIMB the panel bank for this project? Last time was not in the panel bank list.
November 1, 2010 at 8:37 PMIvan Lim: i got -2.3 as well from HLB... i didnt know CIMB is the panel as well... can someone verify? I would prefer CIMB since they have moe branches and easier to pay loan, HLB where to pay by the way?
November 4, 2010 at 12:09 AMRafael: The sales person from TGT call me just now and inform that there are units available and all types of floor plan available. This should be my visit to GIM office last Saturday. Those who are interested to buy can go directly to the office and enquire. I think selling RM265/sqft.
November 4, 2010 at 8:33 AMIvan Lim: selling 265/sqft now, what is the different with all the people who line up to book on the first day it was launched?
November 5, 2010 at 10:09 PMHot Summer: i thought they will increase the selling price for these released units but they are not?
November 6, 2010 at 7:01 AMtan: I guess a lot people pulled out.
November 7, 2010 at 7:16 PMHot Summer: Will contact TGT for further info, i think the project have a potential on price appreciation after 3 years, since we don need to pay 1 cents during the construction period.
November 8, 2010 at 5:01 PMAnonymous: Anyone knows if they will have tiled corridor?
November 8, 2010 at 8:50 PMmaverick: yeah.. forgot to check about floor tiles.
wat kind of tiles provided for interior? any idea? tx.
November 10, 2010 at 5:21 PMLeeEng: i heard soft launch is rm256psft, and heard some is saying rm236psft.. actually that is how much per sft during soft launch??
November 10, 2010 at 9:51 PMIvan Lim: I-tower is 238 psf... G-tower is 256 psf... now which tower you buy also will be 265psf... another M-tower not yet lauch...
November 14, 2010 at 9:06 PMHot Summer: I-tower all sold out. Now only G-tower available.
November 14, 2010 at 9:08 PMHot Summer: Anyone know how the surau at Jalan Paya Terubong going to be? Move or what?
November 15, 2010 at 6:49 PMLeeEng: Hi, Is any buyer want to swap the unit? My unit is 1270sft (type D2), i am looking for type C2 and B2. Kindly contact me in jackeng1983@yahoo.com
November 17, 2010 at 12:30 AMpenang: What Tan said is correct. A lot of drop off from first block. As usual, developer would not release the units for fear that subsequent tower cannot sell! Same goes with Elit Bayan, 2nd block not doing well. Sources informed only 50% take-up, true? Anyone can confirm this?
November 17, 2010 at 9:52 PMUnknown: Anyone here with unit selling price a bit more than RM350k successfully persuaded developer to lower down to below RM350k?
November 20, 2010 at 6:15 PMUnknown: If compare Elite, TGT and The One, I think Elite is superior, with Jusco moving in, the overall project seems to be 'class' a bit. The rest no hope... Agree with boLanliap, beside Gurney Plaza (& Qbay), no other commercial space in Penang is maintaining well, eventhough Time Square which is yet to complete fully, you can start to see the 'Prangin Mall Komtar' or pasar malam standard. It is not a surprise kopitiam, mamak stall, ice kacang stall open there.

OK, now look at TGT, i would expect to see mamak stall with football live show, kopitiam, kedai tyre, Internet Cafe, banks, mini market and etc open up their shop there. Yes, no doubt, very convenient, but you will need to share the same space, same 'entrace' and join the crowd (residents from Relau Flats & Apartment "Metropolitan"). For me, it's just simply not an ideal living space, if it is apartment or flat standard, well, fair enough.
November 26, 2010 at 4:10 PMloon: What is the best BLR rate you get? -2.3% or higher?

Appreciate your sharing. so far heard is -2.25% only. Kindly share the info. Thanks.
November 29, 2010 at 3:28 PMLeeEng: loon, i also get blr-2.25. You are the TGT buyer?
which bank that you applied?
November 29, 2010 at 4:12 PMloon: Hi Jack,

What bank u get? Ya, my unit is from I-block. I apply for AmBank loan. approved, but not yet accept and sign.
November 29, 2010 at 4:28 PMLeeEng: ya. me too.. from AM bank. What is your loan amount? Banker told me above 300k only can get -2.25 if below 300k will only get -2.2, not sure is true or not? Now i think only Ambank can do the TGT loan? HLB quota already full, right?

Oh, you bought which type? i bought G-tower, D2 type.
December 3, 2010 at 6:30 PMpenang: Just wonder when they are going to kick-start project? It is like almost 9 months already the product is in the market and shows no sign of work on site... Another project to be completed only in 5 years time? like I-Regency?
December 3, 2010 at 7:43 PMdavid: This is typical trend of Ideal properties clan.
December 3, 2010 at 7:50 PMIvan Lim: I heard that the water n electricity bill is under commercial rate... Even tho condo is under residential.. How true is this?
December 4, 2010 at 12:30 AM生活点滴 - 伟: Already confirm the water & electricity bill is under residential title. Beside i get the offer from Affin bank is BLR-2.3, now only affin can offer this rate.
December 13, 2010 at 6:55 PMUnknown: Why public bank does not accept this project?
December 13, 2010 at 9:02 PMUnknown: Because of land title uncertainty i heard.
December 14, 2010 at 11:34 AMjlor: do anyone have GIM office contact number?
December 14, 2010 at 10:31 PMUnknown: the sales girl was so certain that it is residential title, as it comes with type A geran.
December 16, 2010 at 11:26 PMKS_rev: will they widen the congested T-junction?

Idaman Cempaka & Idaman Iris nearby is completing soon, plus Zan Pavillion also coming soon....a total of 1500+ units there......wow must be jam until ki-siao =.=
December 18, 2010 at 4:24 PMUnknown: It's end of the year now, SnP signing started? Any more units available?
December 19, 2010 at 1:11 AMUnknown: read the blog, since July were saying signing SnP in 3 mths time which is OCT. till now SnP signed?
Third tower will be launched during Chinese New Yr next year
December 19, 2010 at 6:13 PM生活点滴 - 伟: Next year will have 50% offer stamping so that's why delay the singing SNP.
December 20, 2010 at 8:17 PMUnknown: Any idea on this developer's profile? anyone can help me pls?
December 30, 2010 at 11:48 PMpenang: the company don't not have track record in managing development of this size - all budak budak talk and paint big big sunny pictures. Many banks stay away from this project. Also as per David comment - Ideal Clan
January 7, 2011 at 12:42 PMSK: Is there any concern for Block G unit facing Bukit Jambul complex?
January 12, 2011 at 12:59 PMSwee Yean: Does any know when developer will calling to sign SnP?
January 12, 2011 at 1:29 PMUnknown: according to the developer, it would be within these few weeks in Jan as some buyers request them to sign S & P in Jan'11 in order to entitle to 50% deduction on stamp duty for 1st house owner
January 19, 2011 at 1:14 PMSwee Yean: Hi TGT Condo Buyer, What is your opinion on the impact over the redevelopment of PISA announce recently? Will the traffic flow around that area getting worst? Will the price of the condo goes up or goes down?
January 19, 2011 at 1:27 PMPalymra: The redevelopment of PISA is a very good news to TGT. Developers/MPPP will take care of the traffic flow. The Jalan Mahsuri junction beside PISA will be connected to the T-junction where TGT is located; construction to be completed in 1/2 year.
January 19, 2011 at 1:41 PMSwee Yean: Thanks Property Boom. Since the redevelopment of PISA bring in more value or benefit to TGT, I foresee the launching of Tower M will sale like hot cake.
January 19, 2011 at 2:00 PMPalymra: Depend on pricing.
January 20, 2011 at 5:33 AMBryan: I just booked a D2 type, G tower yesterday. RM265psf, 2nd car park 20K.

M tower will be sell at RM288psf, but free 2 car park. If there will be early bird rebate during M tower launching after CNY, probably the price is still cheaper than current G tower.

By the way, the sales told me that yesterday was the last day for G tower sales. No booking allowed there after. Don't know how true is it. This force me to make quick decision to place the booking.

Anyway, not expecting huge appreciation for this project in near future like D'Piazza (~50% appricaition), but 5 years later, I expect to see many people will look differently on this project, especially after the road widen to 6 lanes.

I don't expect the commercial lots will do well, but I do expect the residential lots itself will do well by itself.
January 20, 2011 at 8:34 AMSwee Yean: Base on the info from Bryan, the units from M Tower is having better deal than G Tower.
January 20, 2011 at 4:12 PMBryan: Swee Yean, I am not too sure about this. I just commented based on the final selling price. Need to take notes of below:

1. I calculate based on the smallest unit of M tower (smaller than my D2). Not sure is there any bigger unit. From the fllor plan, all unit looked alike.
2. Every 1 level increament of 2K for M tower.
3. Depend on whether there will be any early birds package and how much rebate.
January 21, 2011 at 10:19 PMHard facts: Hi Property Boom,

Where did you get the news that Jalan Mahsuri beside PISA will be connected to the T-junction of TGT? How is it going to be connected? Cut through river beside apartment opposite PISA?
January 21, 2011 at 11:40 PMBryan: From google map, the road must be built on the river if it is true. However, I saw some construction work in progress at the PISA T-junction yesterday.

If this is true, the potential future value for TGT is very hugh. And, it actually make another golden triangle opposit PISA.... :p
January 22, 2011 at 1:00 AMPalymra: That is what koperasi staff told me.
January 22, 2011 at 5:54 AMbryan: Hey Property Boom, your news is outdated. No more connection to T junction. the final is just widen T junction at relau. Please note that. Please verified with the Government.
January 22, 2011 at 10:32 AMPalymra: Currently there is construction opposite Jalan Mahsuri T-junction beside PISA. Staff from koperasi told me it is to connect the road to Relau T-junction. You may go to the construction site and ask worker there.
January 22, 2011 at 4:10 PMSwee Yean: The widing of the juntion toward TGT project or area will being benefit, however one worry I foreseen on this project will be the start date. Recently I read an article from local newspaper, the steel price had goes up 10 - 15% and the demand will hike with government recently announcement of meaga project like the MRT in The Great KL. Any comment?
January 22, 2011 at 9:04 PMBryan: If the contractor is confirmed Paramount, I think should be ok because they have thier own warehouse and keep sufficient material for the projects on hand.

Anyway, the MRT and The Great KL will not cause the steel price hike up. This should be caused by the developement in China and India.
January 22, 2011 at 10:00 PMBryan: Today get more info regarding M Tower.

1. 288psf.
2. 1165sf & 1260sf
3. Increase 2K per floor.
4. Early birds - fress 2 front & back car park.

With this, M Tower overall more expensive than G Tower.
January 22, 2011 at 10:20 PMsteven: went to GIM today, to complement what bryan has told, there will be another 2k and 6k adder for POOL and services for M tower. so the cheapest for M tower is rm345k++
January 28, 2011 at 11:17 AMUnknown: bought time GIM tell end of year 2010 will sign SnP
when end of year tell that Jan only sign due to lot ppl request...
now end of jan they tell that after CNY only sign SnP...
i can foresee that after CNY they will keeping delay the SnP by saying wait for finish sell last block only sign SnP
January 29, 2011 at 5:02 PMrichard: Any advantage for devaloper to sign SnP lately. Thank.
January 29, 2011 at 5:15 PMThor: of course, there are plenty of benefit and advantage to developer for delaying the S&P signing.. the loser is always the end buyers
January 29, 2011 at 10:27 PMSwee Yean: In my opinion the developer delaying signing of SnP could be due to the approval from MPPP. If you go the attach link the status of the application show as' Ulusan belum diterima'. Without the approval how can a developer sign the SnP where it will activating the clock for deliver the project in three years. Make sense? 'http://www.epbt.gov.my/osc/Borang_info.cfm?ID=90383&NoForm=Form2
January 30, 2011 at 1:33 AMUnknown: I agree with Swee Yean. I think GIM keeps on delay the S & P might be due to the A13 Planning Approval is not approved yet. Besides the A13, the B1 Building Plan is submitted on 26 Oct 2010 and till now already 95 days and still in process stage. if you look at Bayan City Elite height, the B1 Building Plan is submitted on 24 May 2010 and approved on 2 Nov 2010 and total it took 161 days. Considering GIM is going to take 160 days, it will take till April 2011 to get approval. If this is the case, the purchaser RM5K deposit will be hold till April 2011 only sign S & P

GIM B1 Building Plan
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=156176&NoForm=Form4

Bayan City B1 Building Plan
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=128858&NoForm=Form4
January 30, 2011 at 4:15 AMBryan: Whatever the reason is, there is no reason for the developer to sign the S&P before sold off most of the M tower, which to be launched after CNY. Therefore, I am actually no hurry in looking for bank loan at this moment, and waiting for better package than BLR-2.3%.
If more ppl withdraw better as thay can sell at 288psf together with M Tower.
For the first batch buyers, be prepare that the project will took about 5 yrs from the time you q-up for booking until OC obtained. This is normal. Even D'Piazza took ~3.5 yrs, which is the fastest per my knowledge.
January 30, 2011 at 7:31 PMSwee Yean: Bryan,
I doubt you can get better than BLR - 2.3% as that this the package fixed by developer. Personally I cannot understand why the developer do that.
February 4, 2011 at 2:06 PMHappy: We should be able to get BLR-2.3%.
February 4, 2011 at 11:52 PMSwee Yean: FYI: I had tried few banks and all the banker refuse to give BLR - 2.3%. Appreciate if you can share the banker offer BLR - 2.3% to me (syeoh1@hotmail.com)
February 7, 2011 at 10:06 PMFelicia: i went to office today. they said this coming march planning to sigh s&p.
February 9, 2011 at 10:40 PMIOX: when the M tower launching?
February 11, 2011 at 2:15 PMSwee Yean: From today newspaper, M Tower will lauching on Feb 12 & 13. First 80 will get two car park.
February 11, 2011 at 3:28 PMrichard: Is there the only offer they give. Thank.
February 11, 2011 at 5:08 PMDaniel: this is crazy, almost 30 ppl start to queue in front of the office already
February 11, 2011 at 9:31 PMPalymra: Estimated 50 buyers are there at 9pm :)
February 11, 2011 at 9:41 PMrichard: Wow really so high demand!
February 11, 2011 at 9:56 PMhem: queue for a nite, n get an extra carpark worth RM13K as part of d earlybirds' offer. not bad 4 a nite's "work", not bad...
February 11, 2011 at 10:14 PMrichard: Only extra car park given, no other offer else like discount on square feet!
February 11, 2011 at 10:27 PMAnonymous: could be developer hire people to queue up to create a 'hot' demand ... !
February 11, 2011 at 10:39 PMsan: Wake up...

To investor to sell : Check the current subsale market before you make any decision.

To investor to rent : Who do you think you can rent your unit to?

You can forget about renting to higher tier foreigners.

But, there are a lot of Indon, Bangala, Vietnamese, Nepalese...etc around.
February 12, 2011 at 2:10 AMUnknown: I must agree with you WK... some people within the 1st 80 who gets the 2nd parking lot are starting to `auction' their seats for 4-figures :) that's what i call easy money. If you missed buying the `plastic seat' for 4-figures, you'll have to fork out an additional 13k for the 2nd parking lot (for those not the 1st 80 potential buyers)
February 12, 2011 at 11:13 AMDaniel: dissapointed.....before the booking start, the 4 eye project manager promise there will be no bulk buyer and prebook unit, but when i step in to the office, most of the nice unit (unit 10) had been "prebook" by developer....really waste my money to appoint bungla to queue overnight.
February 12, 2011 at 12:53 PMJr_w: this golden triangle will become the "Indon & Bangla" Triangle .... same fate as the bukit jambul Complex

and there is now oversupply of condos with many many empty units, with the owners struggling to find tenants

property bubble 'burst' may be on the horizon .... !
February 12, 2011 at 12:54 PMFelicia: i agree with u thiam chon. i'm num 35 but whn i step in onli 2 unit 10 left floor 24,25 and unit 1 onli left 3 or 4 which at floor 24,25 17. and tat onli 34 ppl n front of me but unit booked more then 50 units....SHIT
February 12, 2011 at 1:51 PMhem: hahaha... i oso kena "balun" tis morning, lost interest, den cabut...
February 12, 2011 at 11:51 PMFelicia: the extra car park is base on first come first serve ... they will onli gv u ur free carpark after ur loan approve but not base on the number u guys queye yesterday
February 13, 2011 at 1:31 AMNg: Panel Bank AmBank Ms Ng Woan Tze - 019-4004286. Pls contact for further info on AmBank-TGT Package.
February 13, 2011 at 2:46 PMUnknown: Never buy condos build on top of shoplots ....

better be safe than sorry
February 13, 2011 at 5:57 PMhobbit: hi summer, can you pls elaborate more on your advise of never to buy condos build on top of shoplots?? tq
February 13, 2011 at 9:17 PMSwee Yean: Hi Summer, Appreciate you can share with us your point on why not to buy Condo build on top of commercial property. Many thanks in advance.
FYI: Personally I think the design of Condo by market demand as well as the trend.
February 13, 2011 at 10:22 PMPen: So? Whole M tower were sold?
February 13, 2011 at 10:51 PM(e+ho)ng: @Feli: That's weird, my relative with queue# 44 managed to book a unit 10.
February 15, 2011 at 10:55 AMUnknown: M Tower sold out in two days except penthouse and duplex, I think the price RM288psf is very attractive. Anyone can tell any upcoming condo project in Penang Island this year with price tag <RM300psf? Thumbs up for the TGT launching day arrangement, very systematic with no chaos.
February 15, 2011 at 11:09 AMUnknown: (e+ho)ng: no weird, the 12A, 12B floor unit 10 was still available up for grab for those queue below #50. I think people still mind on 13th/14th floor and afternoon sun (which is no so good in feng shui too). Pool view of M-tower is not preference this time, as it is facing afternoon sun, and yet need to pay extra RM2k compared to garden view.
February 15, 2011 at 11:35 AMAJ: i think dun be so happy if you have bought the units. Block G and Block i still havent approve by MPPP. Dont know they have apply for block M since so fast they collect deposit from owner!!! that why you can see that SnP delay for so long for block G and block i.

i am not sure how is the financial for this company (GIM) as i saw that their landed property build (oasis residence in relau beside sp setia projects) are terrible slow!!! take more than half year just to clear their land!! you can go there and have a look.
February 16, 2011 at 1:13 AMM0123: Feli: could you explain why pool view feng sui is bad? or just park view better then pool view only?
February 16, 2011 at 8:47 AMAJ: hi Feli,

In the beginning i would like to purcahse this condo. after seeing so long queue (desperate owner wait since 1 day ahead ) + no unit#10 (corner unit)+no free car park that I want, I already give up.

This is the cheapest among other Condo that i have seen. But if you have $$, better buy Meriden residence with very nice layout and low density!! beside the developer are also reliable since they are the subcon for IJM.

this is just my thought!!!
February 16, 2011 at 1:46 PMPalymra: The so called 50% sold of Meridien Residence is made by insiders. The response on 1st day launching is very bad, I estimated not more than 5 units are booked on that day.
February 16, 2011 at 3:00 PMUnknown: Up to now, TGT is the best deal with RM288 psf, with not so bad location and facility, that's why all sold out in 2 days (not to mention duplex/penthouse).
Meridien is high end condo, although not very large in sf, but the design with semi-D concept, open corridor and magnificent view can be the best option for living, the price ~RM500k for intermediate floor/unit also reasonable in current market, but in term of location, it is not so good. I was getting excited when visit their office/showhouse during CNY, and then i went to the actual site to look at it's environment, it's just ~opposite SP Setia clubhouse, but it is also very near to appartments/high dense flats, with that, i gave up.
Beside Meridien, Pavillon is another comparable option to look for, the location is quite OK, although Pavillon is located in Teluk Kumbar, but it is very 'outside' and near to the airport.
Anyway, i don't have $$, so i go for TGT.
February 17, 2011 at 8:43 AMdonhue: AJ: I don't think it's correct to say that all those who queued up are desperate owners. For me, by queueing up for 13 hours, I'm able to save 13k. This translates to earning 1k for each hour of effort. Returns are much more compared to those who queue up for days just to get the latest gadgets (i.e. iPhone)..

Just to put it into perspective, RM 1k per hour is equivalent to earning RM 170k per month..

I was also interested in Meridien initially, but after their price increased by RM 100k within a year (when asked during property fair, I was told that estimated price would start from RM 380k, but it's now RM 480k), I decided that it wasn't worth it..

My 2 cents..
February 17, 2011 at 7:40 PMUnknown: Appreciate if you can share the banker offer BLR -2.3% to me (babig@yahoo.com)
February 17, 2011 at 11:48 PMFelicia: j
February 20, 2011 at 7:15 PMSwee Yean: Per my understanding.

As far as TGT buyer policy is concern, no one are allow to transfer the unit he/she had booked. If the buyer decided to let goes the unit will goes back to developer and you require buy from developer.
February 20, 2011 at 9:06 PMchow: Hi Property Boom,

U said 50% sold made by insider mean they put sticker on the chart and say it is sold out but actually not sold yet right?
February 21, 2011 at 10:33 PMM0123: Anyone can confirm the shop lots (commercial lots) were sold out? or still keep from developer?
February 24, 2011 at 6:20 PMUnknown: PIP Property Fair is just around the corner. Very exciting new project coming up, excellent floor layout plan i.e. Semi-D and Bungalow Type. Size from 1,450 to 1,650 ( 4 bedrooms), Freehold, RESIDENTIAL TITLE. Check it out next month guy!
February 24, 2011 at 11:16 PMCrono: This is the background of GIM or GSV...

http://www.theedgeproperty.com/news-a-views/4282-cityacountry-gim-makes-its-presence-felt-in-penang.html
February 25, 2011 at 2:26 PMUnknown: As per my understanding,

Property fair is just around the corner by next month. Just wondering why all this people can't wait for just a month. As our Another friend CL mentioned that new project FREEHOLD with RESIDENTIAL TITLE coming up soon! Huh! Sick with Property !!!!
February 25, 2011 at 2:45 PM_: i believe the next project they are going to launch is Riverside Residences.
February 26, 2011 at 1:53 PMCrono: I wonder if this project is good to invest?
March 6, 2011 at 2:46 PMTIMAS: GIM official website down for more than a month! What happen to the company?
March 15, 2011 at 8:26 AMloon: http://www.gim.com.my/
http://www.goldentriangle.com.my/

few months ago, i called ask them why website is blank (not even have contact number, email, etc), they said in progress to bring in new content, so temporarily down, and said soon will will up, but no exact date.

i think during M-tower launch, they bring it up a while(gim.com.my), with same content, no new update at all. But now make it down again. Dunno what GIM is thinking?!!

goldentriangle.com.my is never up before. Just an empty host name.

Hi GIM!! You should know your website is a source of information for buyer and buyer want to SEE a proper website, to feel better. What stopping you from doing that?! Look at sib.com.my, already have site update for Elite Height! Please, do something on the website.
March 15, 2011 at 11:09 AMUnknown: loon, maybe u can try this http://www.gim.com.my/page/about-us.aspx
March 16, 2011 at 9:25 AMloon: teohboonweng, thanks for the hint.

Now know that:

Browsing http://www.gim.com.my will show "Under construction".

Browsing http://www.gim.com.my/default.aspx will goto the gim website.
March 16, 2011 at 12:06 PMSwee Yean: Hi All,

Anyone know when TGT will go for ground breaking and start the construction as well as calling for signing SnP?
March 19, 2011 at 10:42 PMdonhue: checked with them during the Property Fair.. they said will be sometime end of March or early April..

for those who are still looking for units, they have some for I-tower, released due to loan not approved.. price is now from RM 298 per sqft..
March 21, 2011 at 1:40 PMIvan Lim: good to hear that the price has gone up... :)
Saw that the place has been cleared but dono when only piling will start...
March 22, 2011 at 12:40 AMbranson: After reading lot of comments, one thing to worry is about the director issue with the Bank Negara. Will the construction be affected if under Bank Negara investigation? If so, will it fair to the purchaser?
March 23, 2011 at 8:25 AMKoay: This project is still under MPPP approval loop. Developer is not able to start the ground works if no approval from MPPP.
March 25, 2011 at 10:45 PMIvan Lim: even the arena have show unit... TGT still no show unit?
March 25, 2011 at 11:47 PMdonhue: according to them, they will build a show unit at D'Piazza around middle of this year..
April 10, 2011 at 10:33 AMIvan Lim: SnP signing postpone again?
April 10, 2011 at 10:21 PMdonhue: hi..

has anyone here signed the loan offer letter yet? anyone's had a clause regarding the entry cost (loan agreement & stamp duty) have to be borne by us or the developer?
April 11, 2011 at 11:06 AMUnknown: they want to make it anniversary, count from queue date till now...
April 19, 2011 at 10:09 AMIvan Lim: I search at
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=90383&NoForm=Form2

Seems like everything has not been submitted yet by GIM/GSV? it says "lewat, ulusan belum diterima"... is it pending at developer site and not govn site anymore?
April 19, 2011 at 11:03 AMAJ: I think all buyers let developer earn interest from the 5K deposit that they have invested since almost 1 year.

Last property fair saw that a lots of people pull out from I tower causing lots of available units and the developer still keep on increasing the price to RM298sqft.
April 19, 2011 at 11:24 AMSwee Yean: Hi Buyer,

When I check at below link and found out that TGT application carry status = Tangguh.
Does anyone have any idea what is means by "Tangguh"?

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=213660&S=S
April 19, 2011 at 1:02 PMdonhue: Hrm.. since everyone also looking into the epbt website, I decided to go have a look as well..

Looking at those under Lot 1082, these are what I managed to dig out:

16-Apr-2010
Building plans submitted (2 blocks of 19 & 21 storey, 672 B1 units, 1 storey of facilities, 4 storeys of car parks & commercial).
Current Status: L-Lulus
Tarikh Keputusan J/K OSC: 23-Nov-2010 (anyone any idea what this date is for?)
Main URL: http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=166384&S=S
Detail URL: http://www.epbt.gov.my/osc/Borang_info.cfm?ID=120364&NoForm=Form4

12-Jul-2010
Amendment requested to change from original proposal to new proposal (2 blocks of 26 storey, 672 B1 units, 5 storey podium with 176 commercial units, 22 kiosk units, facilities & car park).
Current Status: P-Proses
Main URL: http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=184895&S=S
Detail URL: http://www.epbt.gov.my/osc/Borang_info.cfm?ID=90383&NoForm=Form2

13-Sep-2010
Pelan Kerja Tanah (request to perform land clearing?) submitted.
Current Status: B-Batal
Tarikh Keputusan J/K OSC: 25-Feb-2011
Main URL: http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=201995&S=S
Detail URL: http://www.epbt.gov.my/osc/Borang_info.cfm?ID=61105&NoForm=Form3

26-Oct-2010
Building plans submitted for 12-Jul-2010 amendment.
Current Status: K-Tangguh
Tarikh Keputusan J/K OSC: 18-Apr-2011 (means it was just updated to "Tangguh" yesterday?)
Main URL: http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=213660&S=S
Detail URL: http://www.epbt.gov.my/osc/Borang_info.cfm?ID=156176&NoForm=Form4

10-Mar-2011

Current Status: P-Proses
Main URL: http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=248691&S=S
Detail URL: http://www.epbt.gov.my/osc/Borang_info.cfm?ID=82305&NoForm=Form3

Not too sure what we can finalize from the forms above.. Anyone with experience submitting these forms can explain? =P
May 1, 2011 at 4:09 PMSwee Yean: Hi TGT Buyer,

Anyone of you receive or hear any news about signing of SNP?
May 1, 2011 at 11:39 PMdonhue: i called them up last week.. they're saying that SnP will be signed between the months of May to July, depending on tower.. Tower M's SnP signing will be in July..
May 2, 2011 at 3:19 PMsteven: this is very bad as they have been deferred day after days... faint...
May 2, 2011 at 5:39 PMVincent: it has been >10 months and yet s&p not signed? what is the ultimate motive behind for the delay? unable to get authorities approval or other more significant issues?
May 7, 2011 at 2:45 PMHappy: It is bad if you purchase to stay if it is delay. For investor perspective, it is better if the project is delayed(not cancelled).
May 9, 2011 at 12:08 PMSwee Yean: Hi Happy,

Base on what theory the delaying will benefit the investor? Appreciate you can enlighten me your statement 'it is better if the project is delayed (not cancelled).
Many thanks in advance.
May 11, 2011 at 12:10 AMss: Saw the mosq demolished oledi. The are is fenced nicely.
May 11, 2011 at 8:14 AMSwee Yean: At last, the project is moving forward.
May 11, 2011 at 11:22 AMss: Seems progressing... saw a few machines working inside.
The fences are huge with nice and colorful picture on it, quite impresive. Hope the end product will be quality too.
May 11, 2011 at 11:08 PMsteven: seems like they cannot start piling b4 the signing of SnP.
May 12, 2011 at 1:09 AMss: Would rather not to sign snp if they cannot clear all the govn paper/design works.
Afraid they will run when half way stuck.

The paper works delay is developer problem or Lim 's people not working efficiently? What?
May 15, 2011 at 12:43 AMIvan Lim: GIM company no longer exist? their office in dpiazza not there anymore, change to gsd... only got the golden triangle company...
May 15, 2011 at 9:07 AMdonhue: ss, was there a mosque there? I noticed that the surau is still there..
May 15, 2011 at 12:38 PMss: Sorry, wrong and wrong info. I saw kind of building brought down, tot it was mosq (surau).
May 15, 2011 at 12:41 PMss: what is gsd?
May 15, 2011 at 12:49 PMss: Heard the extra carpark is now 28K. 40% up from initial 20k.
Regarding TGT building model, i saw the south wall of block G is plain with nothing. Windows on this wall will make whole building looks more classy, better design and higher value.
May 15, 2011 at 2:41 PMdonhue: GSD is their new company name.. GSV Development.. it was mentioned in earlier comments in this forum..

Just noticed that they have updated their website to show photos of the project site as of April 2011..

http://www.goldentriangle.com.my/page/news-events.aspx

No news about their show unit though..
May 15, 2011 at 6:06 PMss: Thanks! Full view picture of the site shows one building is flat. can be the surau and the other building left standing is clinic?
anyway, can see the colorful fencing in the pic too.
May 15, 2011 at 6:30 PMss: The top page is kind of slow. The logo is The Golden Triangle Sungai Ara, not Relau that i tot until now.
May 15, 2011 at 6:34 PMss: Inside their new website, it says they speeding up the building of show house of B1 type
May 15, 2011 at 6:39 PMss: The new artist impression in new website of the building is nice. But If you look carefully, it just the south wall of block G is plain. Maybe they should improve by putting on windows.
May 27, 2011 at 10:43 PMhem: yippee... lulus on 24-May-11. Check out - http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=184895&S=S
May 29, 2011 at 12:52 AMsteven: this is good news. as seems like tgt is a good investment with now priced at rm318/sqft and remaining units for 1165sqft sell at rm400k onwards.price of additional carpak is 28k.and s&p signing ll starts with tower I on june,and tower G on mid july.piling should be able to begin right after july.
May 29, 2011 at 1:38 PMJewel Click: Consumer is not stupid.. Tanjong Tokong is selling around RM420 per sf, and TGT is selling ar RM400 SF ?
May 29, 2011 at 2:53 PMsteven: In-style, fyi tgt is selling 318/sqft, not 400/sqft.
May 29, 2011 at 3:17 PMJewel Click: The status of this developer worries me, hence i did not invest on this project. Heard summerton at RM400 per sf - commercial title - leasehold. As for this project, everyone is questioning on SNP.
May 29, 2011 at 3:32 PMVincent: why ppl so concern abt tgt price/sf, be it 400 or 300, it's still on paper. moreover, it's at foundation piling stage and s&p not being sign. still, need 2-3 yrs for completion & oc. by then, 300? 400? or even 200 nobody know now due to competition from other projects nearby, nos. of supply & the timing of completion. cheers up everybody..
May 29, 2011 at 6:48 PMsteven: ppl alwiz concern about price/sqft to know whether they already have paper gain/loss based on latest market driving. that served as good reference which ought to be taken into considerations. for this project, everyone is asking the snp signing date previously due to the pending status of construction landing zones.once snp is laid, required info should be stated explicitly within the documents.in the meantime, i have few frens who have already seek for subsale for tgt from my fren who bot them earlier and offered more than 50k than previous price to be transacted.
June 1, 2011 at 9:35 PMdonhue: They've updated their website with a picture of their latest progress.. Can compare the amount of land clearing done in one month..

http://www.goldentriangle.com.my/page/news-events.aspx
June 2, 2011 at 12:45 PMIvan Lim: I just can't wait for the show unit to be completed...
June 4, 2011 at 12:47 AMsteven: anyone received the call for snp signing details to be shared?thanks
June 7, 2011 at 1:22 PMbobo: heard that snp signing for I-tower will be started end of this month, not sure is true not..
current price for I-tower hit up to >RM310/sf, still worth to buy ...?
June 8, 2011 at 10:44 PMsteven: bobo. 310/sf is with two car parks? how many units left?
June 9, 2011 at 10:37 AMkiwi: anyone aware that the electricity and water bill will be charged under commercial rate even the sales person insist this project is residential title??
June 9, 2011 at 9:07 PMIvan Lim: Is that true? i thought it was a residential title and it should be residential rate and not commercial...
June 9, 2011 at 9:48 PMss: I think it is 318/ft now with 1 cpark.
10% up each year, 3 years down the road when it is completed, should be >400/ft.
June 9, 2011 at 11:23 PMsteven: kiwi, fyi the utility is charged under residential.
June 10, 2011 at 12:08 AMBryan: Not sure there will be 10% up until OC. At 400/ft, hardly get any subsale buyer for that location. Unless the road link up the T-junction with PISA T-junction came true.

Is the road widening to 6 lanes still in progress?

With current progress, the earliest OC should be end of 2014. What a delay!
June 17, 2011 at 4:19 PMIvan Lim: i just went to the office to get some updates...

1) I tower to start signing SnP on the 23rd June 2011.

2) G tower estimate by august to sign SnP, not confirmed yet...

3) Now doing the drainage at site and once done will start piling, they mentioned by mid of June to start piling but now still have not start. Weird thing is that who is doing the piling, the construction company still unknown and yet want to start piling by mid June which is now...

4) SnP stamping estimated by end of august.

Let's see how this project will proceed as mentioned date or delay again.
June 17, 2011 at 11:15 PMsteven: hi ivan, how can the piling get started with current state still dont know who is the construction company? if this is true, then is very bad.
June 18, 2011 at 3:28 AMBryan: Project delay is very comment. Even projects in our company also always delay. That's why when i get a unit there, I don't even want to look at their completion date. Add on 1~2 yrs sounds more logical.

Since the S&P delay, not sure if we can get a new bank loan interest rate. Anyone got any idea?
June 24, 2011 at 1:32 PMIvan Lim: So has the I-tower purchaser sign the SnP already?
Any I-tower purchaser? Please share...
June 27, 2011 at 2:29 PMhope: As i know, the I-tower purchaser with apply Ambank loan start to sign snp this week. follwing with Affin, OCBC, Rhb....and the last one is Hongleong.
July 1, 2011 at 2:02 PMdonhue: Just an update..

Their website now shows June progress..

http://www.goldentriangle.com.my/page/news-events.aspx#01542378-643b-48bd-8fc5-06a5cafc2ace
July 7, 2011 at 2:09 PMdonhue: anyone knows if the S&P signing has already started?
July 11, 2011 at 7:46 AM20P: I tower purchaser started the SNP signing since last week.
July 16, 2011 at 12:16 AMpenang: sign SPA??? anyone ask when can stamp? Now? next month or end of the year? maybe 2012? any confirmation... looks like 2 year approaching since their roadshow at PISA.
July 16, 2011 at 1:21 PMsteven: Penang,

tower I signing all will get done by this week. and seems like the site clearing and groundwork is progressing well. went to the office and stil left 3 units which sell at 404k for tower M.
July 18, 2011 at 1:36 PMloon: had sign the S&P.

uploaded an image of TGT construction board:

https://picasaweb.google.com/112955638809944058575/TGT#5630560784588227314
July 28, 2011 at 6:30 PMIvan Lim: hows the SnP signing? any update?
July 28, 2011 at 7:07 PMAnonymous: Sign S&P liao.....
July 29, 2011 at 11:46 AMAnonymous: i will sign by Aug 6
July 31, 2011 at 6:14 PMsteven: i will sign by late august.. haha..
July 31, 2011 at 11:18 PMAnonymous: How long is the grace period ?

Anyone know when M Tower SP ready to sign ? Thks
August 2, 2011 at 1:36 PMdonhue: I also booked a unit of M Tower.. I just got called yesterday.. Apparently, they didn't receive my offer letter from the bank, so they couldn't process my S&P.. Thus, they said will try to have me sign the S&P next month..
August 5, 2011 at 12:28 PMAnonymous: I received news that I-Tower buyers already sign S&P but i bought I-Tower and i have not received any news / letter or anything from developer. Call and they told me Bank Offer Letter just received, and will process S&P soon. I called up bank and they told me Offer Letter already submitted months ago. What the heck??!! Buyers needs to be careful and follow-up on these issue as the management doesn't seems to be organize.
August 9, 2011 at 11:40 AMkk: I booked a unit in M tower, and i receive a letter from GIM yesterday asking me to go n sign S&P on 20 Aug 2011.
August 10, 2011 at 11:03 PMBryan: Signed the S&P yesterday. Was informed the location of the additional car park purchased, and this is not the same location with the free car park come together with the unit. Wonder why they want to do so.
August 11, 2011 at 4:07 PMsteven: also, i have been told that the corridor/aisle would not have any tiles. but just purely cements.
August 12, 2011 at 4:52 PMM0123: currently i stay at Desa Golf condo... corridor is with tiles 1X1... when i bought is just about 200K last few year... but Golden triangle is ~350K and above...how come can it just cements only!!! look like flat/apartment house... some of the apartment also with tiles on corridor... or they want to reduce cost??!!
August 12, 2011 at 10:04 PMsteven: yeah, it doesnt make sense to me either. every buyer let's reflect this to the developer so that they are aware of it when you guys are going to sign snp.
August 16, 2011 at 5:12 PMSK: Hi rightstock,

Did you sign the SnP with the bad allocation of car park?
August 17, 2011 at 12:14 AMss: called and asked, answer corridor is ceramic tiles
August 17, 2011 at 12:21 AMss: Is it too late? Why the cpark arrangement is not good. Why it is like this? If we know why, then maybe we can solve this issue?
August 17, 2011 at 1:48 PMsteven: hi SS, could you confirm on the corridor whether it is really with ceramic tiles?
as i get acknowledged from 2-3 different staffs at there, it will be just cements. thanks.
August 18, 2011 at 10:34 AMSK: Can we take any legal action against developer for unreasonable car park allocation? The developer will only force the buyer to accept this mistake that done by them.

Perhaps, we can bring this issue to state government.. Because i really feel unfair to the buyer...
August 18, 2011 at 3:37 PMsteven: Yeap, can try. LIM let's work out for a petition where others shall follow.
August 18, 2011 at 8:46 PMSK: How many ppl have this issue? Please voice out here.
August 19, 2011 at 8:20 AMSK: Thanks Rightstock... I have done....
August 19, 2011 at 2:08 PMSK: Hi Rightstock.. I'm neither early bird nor free car park..

For sure, this car park allocation have a big impact to me because i purchase it is for own stay not investment. As a consumer, I think we have our right to fight for it. Anyhow, I will try....
August 19, 2011 at 2:57 PMdonhue: On the poll comments, someone commented that the area in SnP is short by 33sqf.. Anyone noticed this when they signed theirs?
August 19, 2011 at 3:13 PMSK: Yes.. i noticed it.. but we have nothing to do with it.
August 19, 2011 at 5:09 PMSK: Cheaper car park does not mean need to walk longer... When the time M tower launch the B2B car park is about RM13K. How much is consider cheap?

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