Penang Property Talk

I think they have not finalise that layout and built up yet also…

rm900k take 50 years to repay back with monthly rm3k, totally no life

If can’t afford don’t bark here… There will be hundreds of potetential buyer with the means to procure. You are definately not one of them….

So confirm built opposite Vistaria Condo?

House loan has taken up 2/3 of most ppl income while developer laughing the way to the bank

Yes, it is; Basically sandwich between hill slope & Vistaria (blocking) and opposite Rain Tree Garden 2nd phase.

Heard this project not going to launch so soon. Most probably wait till good market price in penang only launch. I bet it’ll go beyond RM900K, maybe RM988K onward as now all 3ST easily hit ~RM1mil. Loan 900K for 35years, installment RM4K/month…. Youngster with 80′s if no rich family backup, forget about buying landed house in Penang. Assume fresh engineer with RM3K salary, selling price like 300X than his/her salary. But, I think this ratio still better than Singapore/HK, they easily 500-1000X I guess. Any comment?

@WWW,
You have your point there, the salary scheme for does not really improves much for the past decades especially entry level. It does not even reflects the on-going inflation. I would says the gap will keep on growing. I think Penang is now going at a pace, maybe playing catch up.. but not going to be so soon on par with Singapore or HK.. It will in the near future I guess…

But going by the rate of new launching, I do not think Penang is slowing down anytime soon. Now even Suiwah is joining the billion dollar club… I wonder if all these new launching can really be absorbed fully… But I am loving it, more choices….

Wondering if this is a good location to buy for own stay at 900k+ … Loan will be pretty steep. The surrounding areas seem to ask for ~750k but with smaller built-up. Will you buy?

I think it will be premature to make any urge decision at all since we do not have an idea of what’s it’s going to look like, whether there’s any unique concept? What facilities, maybe the pockets of greens area provided? Garden, children playground etc….

Location wise, my opinion is, it’s a very nice area…. plenty full of green pockets around. Nothing beats the smell of fresh morning air from a hillside resident.
Provided there’s road map for preservation.

J,
For own stay or invest, always look for environment which you think suit you/family. Price just base on your budget. I did get advice from someone who say:” Young guy. You buy new property not base on you afford to pay the installment now or not. You should look further to after 2-3years installment budget. Your salary will increase while the property price also increase together. If you delay buy after 2-3years, price still higher than now and you still can’t afford to buy. Maybe forever.”.

CK, KEN, thanks for your advice. Yes, I like the surrounding green and it is G&G. I prefer to have guards and standardized outlook (which will actually make the whole environment looks nicer)

However, I am not local and still hesitating to buy a landed property at 900k+ since my family is pretty small now, only 2 young ones. Serving say 5k per month for the coming years is quite a big commitment. Then, SPI is cheaper by ~100k unless there is early bird discounts from developer.

Salary may or may not go up depending on the global economy. Further down the road have to think about children education. A moderate size condo (also not that cheap today … easily 450k onwards) would probably better suit my needs at least for the coming few years. While schooling shouldn’t be a problem around this area for primary, secondary would be pretty bad. In this sense, maybe I should just look for something in town? I guess I am thinking ahead too far, :p

Let’s wait and see the developer’s plan. Couldn’t get much details so far … the staffs are lip tight.

Is this project on track?

According to Palmex staff, their boss does not rush for the project to complete … I am not sure if this is a tactic to increase price later. With no date promise, there is no ‘on track’ or not, . Based on the current trend, it seems the earliest launch will be year end. Having said that, the other project nearby Changkat Sg Ara on hill slope seems to resume some work recently. May be with “competition”, it will be slightly faster?

Information wise, they do not want to comment anything except for pricing and build-up start from 900k and 3000 respectively.

Will no expect price will be cheap… setia green build up 3000 will cost almost 1m. Location for stramex will be better than SG and somemore is gated.

I think this is a very smart strategy game being cooked up by Palmex. Sunway have acquired 80acre of land nearby. This place will BooM big time should Sunway did indeed proceed with new launching on the area.

Palmex is waiting to ride the wave, with Sunway’s project as neighbor, I do not think the price will be anything below 950K for 3K sq/ft built up. Delaying the project now to launch at a later date is very clever as Palmex are only waiting to strike when the iron is hot. Clever indeed!!! At least that’s my guess.

You guys have already guessed it. Now let’s sit back and watch.
And if the benchmark of current landed property is anything to go by, even while I honestly think the property price in Penang have gone a little insane in these 2-3 years, fast fast buy don’t think twice!!!

@CK
sunway 80acre land project is locate at desaria area ??

Kenny, it’s supposed to be behind Regency Heights.

Behind RH? Extending from the current dead end road at RainTree Garden (1st phase)?

should be opposite Vistaria. the area has been fenced up ~2months ago..

I was referring to the Sunway 80acre land CK mentioned …. wondering where

i heard that is someway beside setia green ( close to siara 81).. it is true ?

Still not launch yet and no any picture or floorplan..

read the news, sunway project will build bunglow / semi-D at location behind to rain-tree, regency hright, sunrise garden. Price expected high at around rm550-700 psf. If this come thru, stramex might be valid to go.

Not sure about the price per sq/ft. But read some where it’s called Sunway Hill Residence.
Tentatively, the construction to start from 2012 through 2017.

It’s already November now, so it should launch very soon if the project is to go.

I called their office, the sale girl told me that will launch on early 2012. The floor plan everything will be ready in another 2 months. the land size is 20X80 and built up area are from 2,991 sq. ft to 3,272 sq.ft

size will be 22 x 75 land size. my friend recently bought on 22 x 75 in desaria 3 storey cost him 1050k blank house

hi Willow,
thanks for your input.
Any idea what is the price range and when will it be launched for Stramex?
I am interested as am looking for a landed at Sg. ara area.

thanks
hssf

22×75 cost 1mil in Desaria? Where? Sounds expensive coz a few semi-D here was sold for around 1.2mil just a couple of months ago.

hi guys,
any idea when will stramex be launched?

thanks
hssf

Ping the office staffs multiple times, and it seems really no one knows when it is going to launch. Some rumors nearby residents are opposing …

any news for launching ??

I think there’s some objection from the Desaria resident nearby… Do inform if there is any news