Penang Property Talk

Wow, so fast already reach RM550k+ market, hopefully can reach RM7xx after O/C obtained or probably few years. I feel it’s very reasonable man, 4 season already selling at RM4xx per sq ft, after O/C maybe 4 season investor sell RM550 per sq ft, try to imagine, 1,650 sq ft x 550 = is already 900k !

To those sour grapes that cannot even get a unit, please consider again, even central park has already reached 8xxk. Do you know nowadays people prefer staying in Condo compared to Landed already?There are a lot of 5xxk – 7xxk landed, but yes, in teluk kumbar or balik pulau, do you want to stay there?

Buyer :@The_truth Mr.Teoh has never mentioned 2 million.

Yes, I know. Mr.Teoh mention 750k is already sky high. I just help him to push up the value in one short to make everyone happy.

Just want to let the Mr.Teoh know the price is not shouted by him. It is much depend on market demand & supply when the time coming.

Mr.Lim :To those sour grapes that cannot even get a unit, please consider again, even central park has already reached 8xxk. Do you know nowadays people prefer staying in Condo compared to Landed already?There are a lot of 5xxk – 7xxk landed, but yes, in teluk kumbar or balik pulau, do you want to stay there?

Wow……. dare to compare Condo vs Landed. Let ask u simple question, If let say the landed beside your current condo selling at the same price which one will you choose?

You r the one Sour Grape but not the others. Pity boy!

The_truth, I hope you understand. Old DST houses in green lane is also priced at around 7xxk-8xxk while condo in central park is selling at 8xxk. How can you explain?

Mr.Lim :The_truth, I hope you understand. Old DST houses in green lane is also priced at around 7xxk-8xxk while condo in central park is selling at 8xxk. How can you explain?

Hmm… interesting topic to discuss. Let share my opinion:-
1.) First come to first, do u able to find a DST (let say standard size 1400sf) in greenlane area which is 200k. That’s why they rather buy for new condo with lower reno cost.

3.) Central park is selling at 8xxK. That’s so called asking price. Please survey around how many transaction being done and how hot is it.

Try to ask your property agent, if a DST in greenlane (well maintain condition) same asking selling price with Central Park, which one will be sold first?

If want to have an even more fair comparison, please compare those “New” Condo & “New” Landed which is located in the same area. Let the market transaction answer your question.

Look like u r newby. Take sometime to learn more.

Some text missing, here is the complete version:-

Hmm… interesting topic to discuss. Let share my opinion:-
1.) First come to first, do u able to find a DST (let say standard size 1400sf) in greenlane area which is <800k? Timber flooring even sell at 850k onward. Concrete flooring some may ask for 950k or 1mil above depend on the building condition. Please do some homework.

2.) DST in greenland is old building (some even timber flooring) which need min 200k reno. That’s why they rather buy for new condo with lower reno cost.

3.) Central park is selling at 8xxK. That’s so called asking price. Please survey around how many transaction being done and how hot is it.

Try to ask your property agent, if a DST in greenlane (well maintain condition) same asking selling price with Central Park, which one will be sold first?

If want to have an even more fair comparison, please compare those “New” Condo & “New” Landed which is located in the same area. Let the market transaction answer your question.

Look like u r newby. Take sometime to learn more.

The_truth,

1) If you have done your homework, you can try to look around in iProperty and you are still managed to find a lot of DST / SST @ 8xxk written negotiable, you can try to go around and give them a ring for better negotiation.

2) I gave my comment above, mentioned about Old landed property in greenlane

3) Try to look around for property agent, even my friend bought the cheapest at 820k for 26xx sq ft (seems like you haven’t done your survey yet, it’s ok)

4) I’m talking about the demand, not everyone will choose landed when they have option
a) New condominium 8xxk
b) Old landed 8xxk

If you do think that you want to compare New and New, I think the developer of this project did a crazy decision for selling 3-storey terrace 3k sq ft at 890k

Some condo price in certain locations are more expensive than semi-d
and even bungalows.

Haha.. Mrtruth comparing old semid with new condo+facilities. Mr, if you really think 750k can get a good unit semi d in greenlane area pla give me a
ring. I still have 3mil cash which i want to invest. You are dumb enough to give such comment, i had hunted for months before i bought shineville. Yes i found few units 800k+- but do you know the conditions? Lol.. Need to spend alot to touch up lol.. But thats about 5months plus ago.. Now i cant guaranteed you still able to get that price. Maybe got but not good location or without proper roof.. Lol jz kd.. So mrtruth please talk with data. Go and get me some semi d if you really found. I dont mind pay you commision 10k to 20k. I willing to pay rm2mil for 2x semi d. Thanks

Mr Lim & Mr Teoh,
I agreed with both of u. I m a housing agent, so that i know well the property market, 8xxk only can get terrace which is timber flooring in Greenlane, for concrete unit is now 900k++. This project is the cheapest in the current market i ever seen in Penang. This is the truth, but mr.truth couldnt accept it. maybe he is jealous or he cant afford to get one. haha.
All Season Park Autumn Tower is now asking for 400sf++, I m confident this condo able to sell @ at least 700k in the future.

Mr Lim, Mr Teoh & Wilson,

I agreed with u all.
Recently Project :
Straits Garden @ Jelutong
400sf, Rm268,000
600sf, Rm399,000
maintenance fee = $0.25/sf
So how about the price For sub-sale at Shineville park??

Straits Garden @ Jelutong is near to the sewage treatment plant.

@The truth
I wish to buy SST/DST 1650sf, come with this facilities below: Two Lounge, jacuzzi, Lap pool, Wading pool, Recreational path, Gym, Sauna (Male), Sauna (Female), Landscape. garden, Playground, BBQ area, Badminton court, Squash court, Table tennis area, Tennis court, CCTV, 24hour security features, Car card access gated system, Four Lift, Four stairs, Two car Park, Meeting room, Over 30-storey Private Skyscrapper city view. Only pay for 800++k .Pls let know ASAP. Many my friend want to buy, i will pay for u 20% commission, so I waiting for your Good news ok! Thanks very much.

Even nowadays, it’s not that easy to get new launch property from RM3xx per sf onwards liao, market already crazy and now it’s all RM4xx per sf onwards.

Maybe Mr Truth wants to buy property after it’s up to RM5xx per sf, and we already made twice the bucks!

iv got bumi lot… anyone want to buy..i’ll sell once get oc..600k…

AZLAN, 600k too low man, 600k is only 363 per sq ft, now market already 4xx!! don’t spoil the market please!

Haha.. 600k after OC which mean 2 years later. If that time u asking for 700k cash i also will grt from you but i knew it wont happen.

Nowaday every where is launching new projects even subsales are overall RM400/sf++, will be reached RM500/sf++ overall in Penang after 2 years, this is the truth.

Just realized some of the comments have been deleted by Mod, Wilson you are a property agent? Mind to share the current market value in georgetown for apartment or condo?

in current market even very had to get 3xx/sf for condominium, condo in Georgetown like halaman krystal, sri york, summer place, the spring, jelutong & gelugor area like bayswater, symphony park, even LMC like Taman Kheng Tian and Harmony View are all asking at least RM400/sf++, i believe the subsales property price can be hit up to RM500sf by this year end or next beginning of year.

When Shineville Park is completed, this condo with residential concept without commercial, low density(299units only), big living space(1600-1650sf), unit comes with 2-3car park, fully facilities(even Badminton court & tennis court), cheap maintenance fee(around RM200 only), nice town view or kek lok si view, far from traffic noise, located at center of town, short distance to greenlane highway, air itam, farlim, georgetown, greenlane, pulau tikus, nearby commercial center like All Season Place, sunshine farlim, farlim wet market, farlim commercial area, econsave, nearby school like Chung Ling HS, Heng Ee HS, Penang Free School, Convent Greelane, Chung Wah HS. with these all potential benefits cant even sell RM450/sf in 2 years later compare to mostly all condos are selling RM400/sf++ nowsaday for the subsale market & RM450-1k/sf for all the new projects? any comments?

Wilson you have your point and i think you are right, i might consider to stay or maybe for investment, because in the future when my childrens grown up, there are many schools nearby which is i will be free from hassle. wilson, are you planning for your own stay too?

@Mr.Lim
either one, not sure yet, depends my financial status. Maybe sell it off in future and buy landed, just maybe, but i quite like this project, I believe i cant get 1 after i sold it off in future.

ya me too, im afraid after sell it, cannot buy back with such price and build up anymore, which floor is your unit?

Level 22, townview, how about yours?

I took level 30, air itam view

We r neighbour mr.Lim…

Hi Mr.Lim and absolute.
i just found this site and realized i might be the one stay next door to any one of you
i bought level 30 too.. my brother bought level 10. both not for investment. Lucky i got one unit as market price are crazy now for condo.. maybe our penang area are too packed and not much land left lol…

Haha Stephen and Absolute, which side are you guys in? 1,2,3,4,5 or 6,7,8,9,10 side??

i got 4@level 30 as 6,8 n 9 already booked by one of u i think…hahahaha…i already late when go to booked my unit 2nd day of launching…i am newbie on properties…hope all sifu sifu here give some clues to improve my knowledge…thanks in advance..

Wow you buoght the one facing georgetown, more expensive 30k right? i took air itam view because high level liao, 2 facing almost the same wan la. haha planning to do renovation with that money, u plan for ur own stay?

Dono yet..coz now stay at sg.petani 7 years liao so now if move back to pg dono can “kuan si” or not..hahaha..but almost every week go back to penang since my kampung at “tua lo ao”..n i luv pg n my kampung so much…hehehehe

Heard that OHM is going to launch a new project in Tanjung Tokong area, I m quite interested to their projects, anyone got the info?

I registered for the tanjung tokong project 2 yrs back, wait until cannot wait and afraid the price will be pricy so i took up shineville. any news from it yet? i check from the office they say they gonna build terrace and condo, detail info not sure yet

heard that the built up of the tg tokong project will be 2000sf++, i think the price must not below 800k, quite interested, but dono cant afford or not. ==”

So quiet here. Wonder how is the progress of the condo. Autumn tower is so expensive compared to ours!

I heard the progress is up to 5th floor already, I saw some terrace houses built up to 3rd floor, very fast man!

Any update on this project? now subsale market reach what price already?

Current value is 680k according to our list.
But depends on the seller also.

Im interested to purchase, whom shall I contact? Thank you.

What list is it, Ash?

Saw from kwangwah classified last sunday got people advertise 660k 1,650sq ft…

It going for 1mil soon, pls hold your unit.

I target 680k after o/c obtained

Dont forget, it is built on a “special” land! Anyway, you can call for higher than RM680k, Nancy. The deal will be done if there is a buyer come to you and willing to buy it. A seller dare to sell at high price, a buyer willing to buy, then close the deal!

AC, what to worry ah? just a small portion in the middle is affected!

I will consider to let go 888k for sale intermediate unit for this project, msg me.

May someone who knows update us on the construction progress? It has reach what level now?

Our project estimated pricing list. We will keep monitor housing price and do comparison like other Developers as well.