Penang Property Talk

Are the suites for commercial use only?

wonder how’s the price?

Is it for residential stay or all for offices? Price seems high and with commercial title. hmmm.

what is the “kiosk” mean?

Can we buy for own stay since it’s commercial title? Heard that Jusco perda is moving away. Is this still worth buy?

I think it must be for residential stay, if not, so many offices here will be destined for failure.

ds, You sure Jusco Perda is moving away?

heard only lah, moving to Alma.

BD,
residential stay, but with commercial title? what a stupid plan, more expensive water and electric bills.

This project so quiet, no buyers meh. hahaaha. I’m kinda interested with the smallest unit. below 200K. where to find now?

@ds
I guess it is.

@ong
RM288psf for smallest unit… more expensive than B’worth area if for residential stay. Although each floor only 10 units, but overall I feel too crowded. Jusco there already got quite a number of good tenants/franchises, I wonder who else will do business in this big adjacent mall. Developer may be too ambitious.

don`t forget our economy will be drop soon, it is quite take risk !

Anyone knows how is the response till now ? How many % sold ?

@BD

Gentleman what is the attraction for this project?

@Steven
Jusco already confirm buying the land in Alma, next to Caltex and Mosque from DNP Land Bhd, Expected the building to complete in 2014

kyoto, so jusco will be definitely moving away?

Paid a visit there.
Is residential houses with commercial title… so far around 20% sold.

The land oppsite of this project purchased by sunway group. Is published in newspaper but the purpose is yet to be confirmed.

For own stay is ok… but for investment, consideration will mainly depends on sunway group development…

wonder how many are sold? what the response

@TK
Is the Sunway project on the land you mentioned called Sunway Wellesley which is located at BM? I received newsletter from Sunway about this commercial project

For those people who have already bought this project, congratulation because u be paying ur electrical and water bill alot more expensive. Surplus, this is an unknown developer with no track records at all. Not really a good choice for investment for stay u need bare the pain of bills

I agreed. Sale person at Gurney Plaza, also look not proffesional. I worry worry, BM have so many abondance building. Who know, this …… good luck.

is this project same like Penang Time Square? developer should propose a mixed development for commercial and residential or service apartment.

Just receive a flyer mention that they will having opening on this coming sunday (11/3/2012) got any idea?

flyer not mention in detail the proposed development

Their sales office has been set up at the site. It looks grand.

yes we can visit sales office this coming sunday. Uncle Ho, don wearing ah pek pants, slipper and t-shirt coz sales persons not even interested to talk even though he’s just standing in front you.

i jz been there yesterday after see u guys comment here. to me i feel not bad coz there is a few promotion n start pay installment after 3 years.

Agreed with DC.
Went there before and some reviews here. Hope can help!
According to the sales person’s information, the project is under commercial title/SOHO concept.They walk luxury style with 36 facilities and shop lots.Their design and layout plan really impressed me.But one thing I dislike is the sales gallery a bit noisy cuz still under construction and the people there talk Loudly. Add on the manager is very aggressive, end up I escaped on last minutes. Definitely will go on Sunday opening, hope can get more offers!

Anyone bought this already? pls share

3 blocks comprise 528 units is congested & too crowded, sale of Tower A quite good, the units facing swimming pool almost sold out. Price ranging from 260-280psf is a bit expensive at BM, i prefer to buy landed property.

This is commercial title and owners would have to pay electricity bill, water bill, quit rent and assessment based on commercial rate, which is much higer than residential rate. Hopefully, the project will not become another Utama building. Good luck to buyers.

Heard that electricity bill will be cheaper than normal residential rate, as developer will have some kind of deal with TNB. Is it true?

how much is the montly maintainance?

electricity rate will be 31 cents per unit, no first 100 unit or 200 unit…directly multiply with 31 cents….
maintenance fee is 12 cents psf plus 800+ per years for facilities plus sinking fund.

Will it be changed if TNB increase the tariff or forever 31sen?
If the rate is 31 sen then how long it will maintain ?

if i can remember correctly, 31 cents is still cheaper than normal commerial rate which around 38 or 39cents. how they get 31 cents for this project? as per the sales person said they got purchase what what unit to supply whole bm city, that’s why they can get this 31 cents rate. the interesting part is when he told me that if u paid RM100, then u can consume RM100…look like a prepaid electricity bill for me..

I heard that 1000 sq feet and above will give 2 car parks, 10,000 rebate and 800 for club house fund and 12 sen maintenance fee per sq feet. But I forgot to ask what the price to refund when we withdraw from this purchase.

12 cents/ sq ft meintenance / mth + a RM 800 yearly clubhouse fund? How can that be?

is this SOHO (small office home office) concept?

Yes, is the SOHO concept

Do Admin know how much we can get back when we decide to withdraw the order?

OK@Ken (Admin)

Anybody know when the block B open for sale?

Block B launch on 8/4

Anybody know how is the responses received so far for the Tower A?

Block A facing swimming pool 98% sold, facing jusco one sold many also but still left. Last few day I just bought 1 unit type E facing swimming pool. Very happy got it becoz of hse owner change bigger unit so only I can taken…

the developer will see of your comment for the electrical bill issue, i think they will do some thing.

wah, this project really a good concept de@@

for me, this project very suitable.. the electrical rate is 0.31/kw… so cheaper than residential title!!
Is a luxury condo, i hope all the buyer are the kind of educated, but i see many on this forum people only talking bout the stupid issue!!
if we plan stay on condo/apartment, mean we already knw bout the maintenance fee is a must for us.. if no then better go stay at landed property.. (but now many landed property also need to pay the security fees@@)

heard a lot of cash buyer there….

Penang Guys, agreed with u…i love this project too.. hope is wise choice la

Ayesha, thx……….

You got book any unit?

PENANG GUYS :
for me, this project very suitable.. the electrical rate is 0.31/kw… so cheaper than residential title!!
Is a luxury condo, i hope all the buyer are the kind of educated, but i see many on this forum people only talking bout the stupid issue!!
if we plan stay on condo/apartment, mean we already knw bout the maintenance fee is a must for us.. if no then better go stay at landed property.. (but now many landed property also need to pay the security fees@@)

based on the above, this said project is not a condo nor apartment. It is “service suite”, owner can simply set up their office or shop just beside your unit. If the you buy it for own occupation. Just my 2 cents point of view. Cheers ^^

saw,

do you think that the big bos will purchase a unit just for open a office at the tower??

then allow their staff to enjoy the facilities during working hours??

Penang Guys, I booked type E facing swimming pool one & u?

Saw, to go the suite, u need a access card for go into the unit. where got so free always go down to bring the customer to the office….

In case you did not ask, the residential/suites does not come with facilities. You have to join club member to enjoy the facilities

Ayesha,

I book type G facing jusco~

@PENANG GUYS

Type G just beside the lift, will scare noisy or not?

Wondering how is the response of the 40 shop office sales response like ??

Wondering how is the response on the 40 units of shop there ? % of sales ? Is it worth buying ? wondering the rental per foot in that location anyone know how much per foot rental in Jusco ?

Ayesha,

I know, lift is near to my house easy for me~~

Today went to see the site, block A almost sold out, block B sold about 15%…

Val, do u book any unit?

I went there yesterday too. the shop lot left 9 units.

what time are u there yesterday ? Aroung 1 pm I thought the shop still 10 units ?? I bought 1 unit too.. do u think it is a good buy for the shop coz I think 40 units is too less to be making a big attraction mall…

It is only convenient for the people who stays there.. what do you think… ?

just receive banker phone call say loan approved~~
1st -2.5

how much is the shop? how big?

@Val

Val, I’m there about 1pm too, sorry wrong calculation!! yaya , still 10 units for the shops left. 40 units but come with 2 level, means 2 x 40 = 80 shops there. Base on the sales person said there are mostly focus on F&B, if more on franchise then more easy to success.

@PENANG GUYS

Congratulations to u! u r the real owner right now Mine one still waiting for the approval. May I know are u taking MRTA or OLDTA? and how many years of the protection??

@PENANG GUYS

which bank offer 2.5 so good ? PB only offer 2.25 ??

This is a great project….I’m thinking to book a unit there….Wish me luck..hahaha

I also got phone called from banker said my loan approved. PBB 1st -2.5 | 2nd, 3rd -2.45 | 4th -2.4

what is the min selling price for block B ?

@PV
I think the min is over 250 K for Block B, you could check it out for yourself… but i think average is over 300K

Update Pricing for Block B:-
Pool View Type A, B, C, D – RM285 p/sf
Sea View Type E, F – RM315 p/sf
Jusco View Type A – RM285 ; Type G, C, D = RM275 p/sf

Hi Ayesha, wonderin if you are one of the sales person of BMcity, since you know so details… ,
Have you compared the price / foot near that area, if it is reasonable or way abover average ?

@JJ
good luck JJ,,, wish we could meet up to celebrate your success since we are all are in a good neighbour hood…

A toast to all in the The most vibrant address in BM,

I heard BM City is selling like a hot cake ? Doctors from KPJ bought a few units — is it true?
I think BM City is good place.

@Val
no la, i’m not a sales person there, I’m just a small women…very paiseh la…because this is our second house, of cause i’m very careful. aim for investment for long time de, but in Pg Island, good location definitely i won’t able be afford. BM city price is high compare with others. but with 36 facilities attraction and the strategic location, irresistible to grab one.

thanks, Ayesha and Val.

I know it is quite attractive only pay ~10K can get one apartment, and wait till completion to make first bank payment.

for me, i will always avoid those condo with too many facilities, cos the cost and the way how it maintained will set your condo price in future. too many facilities will end up too many ppl misused it or will every week bring a lot of outsiders come in for free visit.

and not to forget, this kind of place usually investors will rent out to lost cost workers, a group of vietnam gals or bangla every weekend or night gathering at the facilities that will enough to make BM city become Bangla city, just like BJ court in penang.

@balloon

this is not very cheap flat or apartment, I dun think bangla affordable to pay for the rental lol… anyway, thanks for your input

@Ayesha
bangla not pay for the rental but employer who will pay. Then employer will fill in 15 and above people in 1 unit.

@rayan
Sure if Bill Gates the philantrophist is in BM he will provide his employees for RM 800 yearly club house and 300K apartment. Rather than 30K apartment near Megamall… Is Bill Gates investing “?

@balloon
Dear Mr Balloon,

May I know who is the investor that will pay for RM 800 yearly club house with 0.12 cents / foot maintaneance fee and over 300K apartment, above average / foot price in BM for their so call hardworkers ? Since when BJ apartments over 300Ks is fill of Bangla or Viet ?

Pls think before you simply say without supporting facts. I believe ony BJ mall is fill with Bangla and Viets, due to low cost sales and cheap sales there.
The BM city shops I believe they only allowed franchise shops there, with high end super cars… In refletion I wish Bangla and Viets could stay there also, coz by then Malaysia inflation will be sky high and > 20% of population are multimillionaire like our neighbor in Singapore. –> Pls let me know who is ‘brilliant investor’ will buy over 300K apartment with high facities with monthly maintenance of over 100 RM for the imigrant workers ? I dont even see this in the US….cos I would like to know him personaly…

@balloon you’re just sour grapes.

@Val proud of u

I booked type G jusco view , hopefully can see padi too… Why jusco will move to alma?? This project will use of top up system for the electrical bill. Not sure how is really works.. Anyone knw abt it??

http://bursadummy.blogspot.com/2011/08/jusco-may-join-alma-party-soon.html, check this out regarding jusco will move to alma

I booked type A 17 floor 1441sf 2 car park, poolview. Cause of LHDN audit, i must to drop de unit. Anybody interested?

@Ayo
Hi.
How much is the unit ah ? got special discount ah ?

Anybody has signed S&P and loan agreement? Pls advise is the agreement ok to sign?

@Ayesha
what do you mean ? everyone buy house must sign std s and p ma… ???

@Val
Means u alrd sign both S & P and loan agreement?

not yet tomolo will go and sign. I do not take loan so no need to sign loan agreement. Which loyar you go to ?

@Val

wow, u r one of the cash buyer there….
ic ic, Pls read careful the details n the terms before u sign. Anything wrong, pls let us know
i will use developer’sl lawyer…

Is Rm398,070 and disc 15k. Pls ask the detail before u sign. if not deposit 5k forfeited although they didnt mention. Like me…cause of LHDN audit, prove de LHDN letter, they also refuse to refund a single cent. But IJM , Ivory, Airmas… they’ll refund in full, just charge Rm200 as proses fees.

@Ayo

i also feel that so unreasonable for forfeited the booking fee if we cancelled booking due to some reason.

Ayo :Is Rm398,070 and disc 15k. Pls ask the detail before u sign. if not deposit 5k forfeited although they didnt mention. Like me…cause of LHDN audit, prove de LHDN letter, they also refuse to refund a single cent. But IJM , Ivory, Airmas… they’ll refund in full, just charge Rm200 as proses fees.

anybody likes to cancel the unit and lost 5K for fun??? IJM refunded without asking to prove de LHDN letter although loan is aprove too! Their official and laywer understood that this is special case, is not purchasers fault. So…… must the detail before pay deposit…..

@AYO,

If everyone can booking something, then due to own reason(no matter how serious) then the shop agree for you to cancel it… i think this world is very wondeful~

if like that, then i will always shopping without consider my own status, (can use the item or not 1st) who care, just buy it 1st la… then latter just ask for cancel~~~~

why i want to comment about this issue?? because every time when i want to buying something, i will see a-lot “rich people” booking until the item finish… then i have no choice to buy it, later on make me must buy with more expensive price@@

CHILD@@

U r rite!!

@PENANGGUYS
To Ayo, Child and Penang Guy, Ayesha…

Wondering how many of the people who bought this for own stay or investment like rent out… ??
I am kinda worried too many rich BMlers buy them and leave them kosong… become ghost mall….
Any feedback ?

plan for stay~~

but if got nice offer sure will consider also :p

Basically I plan for investment or own stay.

Anybody realise tat the construction seem like stop in the progress…..

Really the contruction has stop ?? I did not know that, already sign S and P… anyone pls update ?
Is the C block open for sales ? I heard the B block the boss of the BMCity has reserved 2 type of the apartments on all the floors for the supercar members ? Wondering if the supercars members will stay there for holiday ?? I thought Super rich will stay in Penang only,, ?

how is the sales of Block B recently? y long time no ppl come to comment and discuss in this forum?

@Ayesha
I am wondering also why so quite… kinda worry the history same as in Dpiazza mall Bayan Baru near Pisa, where most of the shops in the mall are empty after 5years…May this happen in BM ?? Anyone has input. ?

@ Val, dun worry, The shops will be all open as developer promised buyer has 6% guarantee return for 3+2 years contract? Pls correct if I’m wrong.

@Ayesha

It is 2 + 3 optional, however do you know that previously heard Dpiazza promised 7% returned but did not realized that promise….and the buyer wana sue the developer ? Kinda worry… hope u have news on the block B sales…wana know how is the reponse.. coz now econ not so good….slow down..

@Val
Since u alrd bought it y not just be optimism? I believe the strategic location will be attract many investors come to invest on the mall. some more there are a lot of cash buyers, they sure would be scared than us. The sales consider good lo since it just launch during early of this year. if you said market slow down, then will affect not only BM city mall but is whole market. Cheers!

How is the booking respond for the Tower A and Tower B now?

hi, anyone signed the SNP? pls share if this project free SNP & legal fees for loan facility ?

i going to sign S&P tomorrow. this project is free legal fee for S&P but loan facility is bear by owner.

Have you sign the S&P Ayesha? Your hand must be tired. Didn’t see any construction activity going on. Anyone have any idea about the consequences of abandon project and the Risk. As i understand from the banker. Developer will bare the interest (DIBS) until VP. However, IF once the developer stop paying the interest and abandon the project, the house owner will need to start servicing the loan. In the event if the project got delay and the developer will continue to service the interest until VP.

not yet, but soon this afternoon.
Developer said will start the working on June. i also no idea actually, but i heard banker said this developer is quite strong and reliable, they not borrow loan for the construction so far..
anyone got any idea about this? For those alrd sign S&P pls input ur comment.. appreciate.

Base on what i heard the jusco will no moved but buying new land is true , their will open new mall but is not sure yet . jusco in bandar perda i think will not closed because Bank islam will not but be that stupid by moved to jusco n sign 3 year contart ….

About bm city i heard got pp confirm wanna buy the house but after on the day wanna sign contart .. he see contart say no 36 facilities just 7 facilities only . Just wanna too confirma are it true ?

YES. This is so true. I almost sign up the S&P and found that the facility just state 8 Facility. I went back to the developer and he give 101 excuse and further more the DIBS is not stated in the agreement as well. I will insist all 36 facility to be included in the S&P before signing off. They will provide additional letter to include the DIBS but with 3 clauses which has some loop holes to stop paying DIBS. Last but not least, the construction time frame is 3 years with additional 1 year extension. During sales, developer committed that it will be completed within 3 years.

Junco Perda will not close. The business is quite good and high occupacy rate. BM population is growing the demand for houses and shops is increasing. how many shop lot left in BM city mall? The developer is controlling the tenant type which is good. Do they offer build and sell concept? What bank is offering loan to this project?