Ferringhi Residence is located at Batu Ferringhi Penang, a new residential property development by Mah Sing Group. Comprising three precinct, each precinct has their own separated gated and guarded community.
Ferringhi Residence consists of low-rise condo villas and high-rise resort condominiums with resort clubhouse facilities for the residents.
The built-up area for low-rise condo villas ranging from 1,200 sq.ft. to 1,600 sq.ft. and high rise resort condo built-up area from 850 sq.ft. to 1,800 sq.ft.
Property Project : Ferringhi Residence
Location : Batu Ferringhi, Penang
Property Type : Condominium
Tenure : Freehold
Developer : Uptrend Housing Development Sdn Bhd
46 comments
Looks like a really good location to look into...
China property market is slowing down in Mar based on the statistic released few days ago.
Any impact to Penang?
I don't think there will be any impact on Penang, it doesn't matter anyway, property investors and buyers are mainly not from China
As large amount of RMB is very difficult to be transfered out, only places like HK which accept RMB as transactions will be affected. Also, in Singapore, China Chinese are biggest overseas property buyer now. But Malaysia, still not their target yet. Anyway.. interesting enough, Malaysia is way bottom at latest House Price per GDP per cap compared to other Asian countries.
http://www.globalpropertyguide.com/Asia/Malaysia/price-gdp-per-cap
what is the price for semi-D? Anyone can advise ?
This project is not good news for Batu Ferringhi. More lush green jungle and hillside will be destroyed to accommodate the low and high rise condominiums. More traffic, more pollution. There is still only one narrow and winding road in and out of Batu Ferringhi. Who will be buying? Speculators and foreigners? Even money for the later is getting tight with the current global economic downturn. I doubt there will be many average salaried locals purchasing as current projects are priced way out of their budget, even if dual salary taken into consideration. Its about time the average Penang rakyat stood up and let their voices be heard. We don't want all this won-ton destruction of our Island for the sake of development. We want quality, affordable housing within a natural green environment not just for our sake but for the sake of our children.
A resident of Batu Ferringhi
Ferringhi Residence (FR) price is shockingly HIGH! see their website!
is their target all foreigner / westerners/ chinaman.
Low-rise Condo Villas
• Indicative Built-up (sf) : 1,200 / 1,400 / 1,600
• Indicative Price : RM808,800.00
High-rise Resort Condominiums
• Indicative Built-up (sf) : 850 / 1,000 / 1,400 / 1,800
• Indicative price : RM628,800.00
From RM674psf for condovilla and high rise condo is RM738 psf upwards.
I prefer moonlight bay for condovilla and Island resort for high rise.
Both price around 500-600 and much better location than this, even though Mah Sing quality is great.
There is no seaview for FR condovilla. High rise condo may enjoy seaview but will see a lot of ugly things first before looking towards the sea(i drive there bypass the holiday inn hotel then arrive it is a local slump area before reaching their site) seeing the ocean.
Hi Value buyers,
I strongly recommending you look for Ferringhi Villas (opposite Bayview Beach hotel), worth for money bungalow villa, much cheaper and greenery with fresh air. Sea front view. Price RM1 mil to 4 mil
now.
Never get other bungalow villa like this at Island anymore.
Pernas project abandonded for 5-6 years, OC obtained in 2007, strata tile in process, Very good environmment and worth for money.
In 2010, $750k, in 2012 $1.2 mil
Penas not Pernas, spelling mistake
condo villa launched today. cost starts from 980k onwards. show unit looks promising but only 1 car park is allocated.
quite & peaceful environment.
for those enjoy greenery & far from vehicle noise
what is the package now ?
.
I thought I heard it was from 600psf before rebate? So it is after rebate?
How come developers like to offer 0% interest for 3 years ah? What is the purpose for that?
To give the wrong perception that it is free from interest rates when it is already factored into the property price. They are encouraging speculators to buy. Nevertheless, usually speculators would shy away from projects touching RM1 million and not many are eligible for 90% loan to enjoy the 0% interest for 3 years.
if only they provide >1 car park. i did ask them but they mention more car parks will be available later for sale but this is not a guarantee thing.
Hi jeremy,
Thanks for the explanation.
Hi Alan,
So based on your breakdown, if someone (non-bumi) buys a unit that costs RM 1 mil, he or she will only have to pay RM20,000 (RM100,000(10% downpayment)-RM 50,000(5% rebate)-RM 30,000(3% rebate)).
And for that RM20,000, you can actually pay by credit card, so you can convert that spending to 6-month 0% interest with Ambank credit card, and that makes it RM3333.33 per month for the next 6 months. After that, you don't have to pay a single sen until the project is completed and ready for flipping....:)
And as for bumi, with the 5% discount, the developer would actually pay you upfront RM30,000 to sign on....:)
Hmmm....ain't this what got US into trouble?....:)
@condomana
Nice thinking...but your sums are slightly off ;-)
It was the subprime problem that unravelled the US, lending money to people who had very bad credit ratings is not going to work long term.
Look at Hong Kong if you want to compare islands. They did fall in prices but look at where they are now. Penang has still got a lot of catching up to do and I think once Penang is known more internationally and the transport infracture improves, it'll be the next Hong Kong and Singapore :)
QE3 is coming this Thursday. They are already extending low interest rates into 2015 indirectly paving the way for QE3 whether they officially announce it this Thursday or not
Gold and Silver has already broken above its uptrend line. Signs of more cheap money on the way. Bond yields are pointing towards QE3. Dow has been rising for the past 2 days ahead of the announcement.
@condomania
Remember you have to pay 30k booking fee first therefore you are actually entitled to 10k refund from developer.
But yes the rest of what you say is true :)
@jeremy tan
I am on the camp that believes QE3 will not be this month but next month instead. The fed won't want to go ahead just yet but we shall see tomorrow. Buying gold if they do though :p
@ Alan
QE3 confirmed!!!!
QE3 would be unlimited QE every month that involves $40 billion/month of Mortgage back securities until they are happy with the economy!!!
Previously they set a limit to the amount they are going to print but now they are saying that they will print until the cows comes home. Epic!
I expect cheap money to flood the markets like RIGHT NOW.
Equities, Commodities and Assets. Inflation is back.
Yes! Bought gold at 1735. Kept my shares luckily. Yes, any type of asset class is going to go up up up. Let the bull market commence! Woooo!
@ Alan
As for me i bought gold and silver the moment it went above its uptrend line.
Bought a lot of Airasia shares today. I am pretty sure it will go up tomorrow.
@jeremy tan
Nice work! I wanted to buy then but decided to wait until QE3. Technical charts are looking extremely bullish. US Dollar is going to drop massively. Gold has broken out and first target is 1800 then 1950, looks like an ABC pattern. As long as its not a fake move it's only way is up! Good work! :)
Hi Alan&Jeremy,
Finally,QE3 with 40 billion finacial bond buying monthly,apart from commodities,the property in penang will go up inevictabe,would you agree?
@ Chong
Given the circumstances, yes inflation is back and it will affect everything from equities to commodities to assets.
However that also means we are climbing a few more levels before we eventually run out of my means and the only way out is the same way in.
For the time being lets just enjoy the ride.
Buy assets to protect yourself.
Hi Jeremy,
This QE3 is not same as before,Fed is buying the bond unlimitedly untill the economy in US recovers,with the current unemployment rate above 8% in US,i predict it will take at least 3 years to see the improvement,that means 480 billion a year x 3 =1440billion for morgage bond buying plus low interest rate untill 2015,so,the equity and assest...up..up..up..right?lucky i did not sell my properties and stocks...god bless
Another thing i want to point out is,there is a big probability ECB will be the next to follow the footstep as what US does,do you guys agree? Bull is coming for the next decade,hope i am not wrong this time,happy speculate.
@chong
The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy -- print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods.
In other words, build an economy of real estate, by real estate, and for real estate. The only problem is we've been there and done that. The last time it almost destroyed the U.S. economy. I guess almost isn't quite good enough for the Fed, so now it's determined to finish the job. These actions will destroy Americans' savings and hurt people on fixed incomes. To protect yourself, I recommend a strategy of foreign equities, commodities, and gold and silver.
The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by a crash
My personal opinion of this is that the Fed is trying to indeed flood cheap money into the economy via real estate and therefore consumers. They are buying themselves time to figure a way of solving this crisis and mitigating the damage from the fiscal cliff.
The euro economy and US economy are not in a good shape. Any sort of negative grow in either region may well exacerbate into a full blown global recession.
Will the Fed QE3 work? I do believe it will. It will definitely encourage spending and speculating. It will also give them the much needed growth and the time to formulate solutions to the problems. But as Jeremy has said, this will in time, cause another boom - bust scenario and the rinse, wash, repeat cycle.
In the meantime, use your good judgement to invest. Don't leave your money in a savings account. If you have a good business plan, go for it. Buy gold, buy equities, buy properties, and milk the cow while you still can.
Best of luck and fortune to all of you! :)
whats the update here?
60% sold, can see the construction.
www.ferringhi-residence.com.my/
Hai......................you will regret after buying it from MS developer, hear they gave 99% residents with all defects like leakage. My friend said No Leakage not MS property, anyone can confirm
Heard Uplands bought 2 blocks to house their boarding students.
A unit for Rent / Sales asking RM 2,800 / RM 1.48mil. Wechat or email to 012-5425819 / summercfl84@hotmail.com. Thanks
Rent / Sales asking RM 2,800 / RM 1.48mil. Wechat or email to 012-5425819 / summercfl84@hotmail.com. Thanks
Rent / Sales asking RM 2,800 / RM 1.48mil. Wechat or email to 012-5425819 / summercfl84@hotmail.com. Thanks
Unit for sales / rent~ RM 1.48mil , rent RM 2,800 per month with fully furnished. Wechat 012-5425819 / summercfl84@hotmail.com
URGENT SALE, Below market value!!
1656sf
Fully furnished / Fully renovated
3+1 rooms
RM1.1M only!!
Chris 0125958989
Few unit on hand !!!
For sale RM1.1Mil
For rent RM2500
Kindly contact Jaycus 0172262899
Ferringhi Residence, Batu Ferringhi, Penang
An exclusive village community, built to fulfill the finest aspirations of resort style living.
Amidst exquisitely landscaped and natural greenery with the luxury of ultra-modern
amenities.
- 1,752 sq ft, 3+1 bedrooms, 3+1 bathrooms
- 2 car parks
- renovated
- furnished
- gated and guarded
- with facilities
- welcome to co-broke
- For Sale at RM 1,410,000 negotiable
Fong Sien
Rich Hill Realty
H/P : (016) 492-7181
For more property listings, please logon to :
http://www.durianproperty.com.my/agent/fongsien
Ferringhi Residence 2 units for sale.
Size from 1208sf - 1565sf
Price starts from RM570/sqft
2 car park
2 to 4 Bedroom Resort Suites
For more information, please don't hesitate to call/whatsapp Ray 0165971446
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Owners who are willing to let go or rent can contact me too. TQ
*** RM 1.02 MIL ***
► Freehold （永久地契）
► Middle Floor （中楼）
► 1510 sq ft （1510 方尺）
► 3 Bedrooms （3间卧室）
► 3 Bathrooms （3间浴室）
► Fully Renovated （全面装修）
► Partially Furnished （部分家具）
► 2 Car Parks （2个停车位）
REAL ESTATE NEGOTIATOR ( BUY / SELL / RENT)
WELCOME OWNER / BUYER & TENANT
WE WILL PROVIDE YOU MOST PROFESSIONAL SERVICE AND LET YOU HAVE YOUR IDEAL HOME
PLEASE CONTACT: ALEX CHEAH 011-16551368
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