Olive Tree Residences
Olive Tree Residences, part of the upcoming mixed development by Harta Intan. Located on a 3 arce site next to “The One” project in Bayan Baru, Penang. This 23-storey condominium comprises 91 residential units. This project was formally known as Mahsuri Condominium.
Property Project : Olive Tree Residences
Location : Bayan Baru, Penang
Property Type : Condominium
Units: 91
Land Tenure: Freehold
Developer : Harta Intan Group
Contact No.: 04-228 2163
Categories: Bayan Baru
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Ken, the developer website is www.higroup.com.my. You can add to above
Thanks eric.
I have updated the developer website.
Any more information? Launching date? size? price psqft?
Launching next year. Price and size not sure yet (anyone has insider info?). Perhaps you can register with them first.
91 units only, surely reserved for exclusive customers, mana got chance to buy?
Wah, sound good and hopefully can get one
Nearby The One site still got place to ‘squeeze’ in the Olive Tree shoplot and condo??
Don’t know and anyone can share the exact contruction location.
Bayan Baru is getting more and more busy nowadays with all these new development. After D’piazza, there will be one world, one world II, the arena, Elite height, olive tree, and also the upcoming integrated development from Hunza. I am wondering how the traffic gonna cope with all these? For those travelling from the bridge (be it from Bayan Lepas hwy or Jalan sultan azlan shah), you will have to first overcome the big and congested round-about, then the nightmare at the 2 traffic lights at Jalan Tun Dr Awang. In the future we have the SPICe coming up, imagine if really having major events, the place would be jammed pack like mad, unless you take a helicopter.
Penang Island is in urgent need to have a more robust public transportation system, such as LRT or monorial, or else i don’t think any major developments can move ahead.
I was told it is next to The One. Actually 3 arce land very small only. Looking at their design, may be possible. If anyone hear something different, please let me know
Expect the price to be around RM400 sqft following the current trend
Should be but anyone know the build up?
I got info from one contractor that work on this project the size is 1400sqft but the price is unknown
Eric, thanks for the info.
Same as BSG Raffles Tower. If both are 1400 sqft and RM400 per sqft, maybe I will consider Olive Tree instead of Raffles Tower at Bukit Gambir.
anyone know when the registration or soft launch will be??
and what is the expected price per unit??
@SK king
Heard starting launch on early next year. 2 type 1400sqft (hill view) and 1600sqft (seaview). Estimated price is RM400 psf
SK King,
opps… sorry. i misunderstood. My reply above is based on Raffles Tower. Please ignore.
1650 and 1850 sf, two types only. total land is 5 acre plus land, including 10 shoplots.
the other block is 3 or 4 star hotel.
@aaron
Hi aaron, when is the launching date & pricing for this project?
mid year and around RM450 psf
Hi aaron, please keep me update because interested on this project with low density. I did called in before but the sale person unable to provide me any info
please email me on this project — soplucky@yahoo.com thanks.
@YK, i’ve just called the sales office, they are open for registration. and there are like 300+ pl registered.
Where is the actual location? Is it a piece of land that beside Hotel Seri Malaysia?
Anyone aware of a piece of land beside Hotel Seri Malaysia already fenced up. What is that project?
Exact side shld be that piece of land beside Hotel Seri Malaysia. On that area, only left Hunza project to develope.
Yet to submit plan to MPPP. Not so soon launch?
Jus called Harta Intan, RM 500 psf..launching prob in June..
Where is the exact location?
@Pen, the location is just besides Hotel Sri Malaysia, Bayan Baru.
Any1 have any idea how many sq will this condo be?
1680 and 1880 sf . two types only
@ycsoo1717
Nope, I just found out that Olive Tree will be in the small land next to Arena, not next to Sri Malaysia.
@Pen
IC, I just get to know the land next to Sri Malaysia Hotel is D’Cascadium from Lion Group. If RM500 per sqft x 1680 sqft = RM840K. Wah, too expensive and out of budget
Since Arena is a hybrid property, a combination of residential n commercial titles. What will be the title for Olice Tree? Commercial or residential?
@YK
I got the feeling that the developer will reduce the build up to smaller size. Like between 1000-1400sqft which are the widely popular sizes. $800k price tag condo will be hard to sell in BB areas as of now.
it is commercial title, understand from developer. heard it is around RM450 psf, then RM750k per unit with semi furnished, then sound more reasonable?
@aaron
Yes, sound more reasonable and better if RM750K with semi furnished on 1680 sqft condo. How about loan interest subsidy? If include, then can consider on this project.
no interest subsidy
Does anyone have the latest info D’Cascadium from Lion Group?