The Tamarind

December 2nd, 2014 Leave a comment 中文版

The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It is also well connected by strategic access roads to many amenities including schools, medical centres and shopping malls.

This development comprises two 33-storey towers of service apartments.

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Property Project : The Tamarind
Location : Seri Tanjung Pinang, Penang
Property Type : Executive Apartments
Tenure : Freehold
Total Units: 1,104 (To be confirmed)
Built-up Area: 1,042 sq.ft. onwards
Indicative Price: RM 600,000 onwards
Developer : E&O Property Development

Marketing Agents
  • 016-440 5426 (Jane Khor)
  • 016-403 4388 (SK Ch’ng)

Contributed by reader (Update 18/07/15)

Categories: Tanjung Tokong Tags:
  1. MrLim
    March 30th, 2017 at 07:04 | #1

    Looking for Type C at only Tower A (With 2 Carparks) with 800k anyone willing to let go? Can PM me

  2. Don
    March 30th, 2017 at 20:16 | #2

    How big is type c

  3. Timmy
    March 30th, 2017 at 21:09 | #3

    Type C 1047 sft

    3 room 2 bath

  4. Tim
    March 31st, 2017 at 08:35 | #4

    Good price 800k for 1047sqft

  5. KWAP
    March 31st, 2017 at 09:17 | #5

    A good news finally come to STP and E&O
    Still think of a good choice for my Tamarind

  6. UncleLim
    March 31st, 2017 at 13:21 | #6

    @KWAP

    I heard a few purchasers officially wrote to E&O to cancel their purchase due to the big electrical substation beside Tamarind, the case still pending E&O management consideration.

  7. Don
    March 31st, 2017 at 16:08 | #7

    Wouldnt blame them. I see no reason to hold on to the tower b units.

  8. Phang
    March 31st, 2017 at 19:13 | #8

    What about for Tower A owners? Though it doesn’t really affect them as their units are further away and also no view of that power station.
    It will be good idea especially those Tower B purchasers to get clarification from E&O.

  9. Cindy
    March 31st, 2017 at 20:20 | #9

    Do you seriously think the management will allow you to cancel? If they allow 1 purchaser to do that, I bet all the affected tower B purchasers will also ask to cancel. Then who can they sell to? Ask these questions and you will guess the outcome of their management decision. Even those Penang World City buyers also cant help it with the substation next to them.

  10. Phang
    April 1st, 2017 at 20:32 | #10

    I agree with you. Nothing much you can do with TNB or E&O. I have mentioned before and no need to say it again.

  11. filterfren
    April 5th, 2017 at 00:10 | #11

    Tamarind is still an excellent buy. Within walking distance to The promenade, Tesco and other ameneties, Gurney Drive is closeby and Georgetown city centre is a short drive away. The location is the main pulling factor here.You can’t ask for anything more. Cheers!

  12. LRT
    April 5th, 2017 at 07:07 | #12

    @filterfren

    I agree with you, this is a great location “Within walking distance to The promenade, Tesco and other ameneties, Gurney Drive is closeby and Georgetown city centre is a short drive away. The location is the main pulling factor here”. But, get CANCER 15 years later living in front of the giant TNB substation? I think there are definitely better choices than this.

  13. Shahrul
    April 5th, 2017 at 10:16 | #13

    @filterfren

    You are certainly right. YOu will also never find a huge substation right beside your condo anywhere in penang ! good buy !

  14. Don
    April 5th, 2017 at 13:59 | #14

    Agreed location is superb. But that is for tower a. Tower b residents will still be mad mad.

  15. Don
    April 5th, 2017 at 14:01 | #15

    Be it resale or for rental. Any prospect tenant would avoid such facing.

  16. Bug
    April 5th, 2017 at 14:20 | #16

    @Don Tower b facing inside should be just fine

  17. Lam
    April 5th, 2017 at 16:14 | #17

    Tower A facing Jazz hotel / residences is slightly better than tower B facing TNB station saja.

  18. Bug
    April 6th, 2017 at 06:56 | #18

    @Lam It’s much more better, especially Stack 15 tower A, able to get a partially seaview towards Quayside condo there.

  19. gina
    April 6th, 2017 at 07:08 | #19

    @Bug

    I think this Tamarind is not a good deal at all, price so high and yet still come with all sorts of deficiencies (blocked view lah, big exhaust fan lah, giant substation lah etc).

  20. Bug
    April 6th, 2017 at 08:58 | #20

    @gina There is no prefect deal for buying a property. Location itself will do the talking when the time comes. Let’s see the future value after 5 years. I can see min value of The Tamarind would be more than 1 mil which cable to sell to foreigner. Those who bought 700-800k are definitely making money after 5 years. Years back people told me Bayswater RM250k was very pricey luckily I choose to believe my ‘common sense’ guess what now? I am enjoying RM2500 rental monthly higher than MONEY GAME lo without any risks. People offered me RM800k I refused. STP and Tanjung Bungah are the most sought after address in Penang for foreigners. 1 mil for them are just peanut. Hoping government not changing the rule that min purchase for condo in island to 2 mil.

  21. Timmy
    April 6th, 2017 at 09:06 | #21

    Bug :
    @Lam It’s much more better, especially Stack 15 tower A, able to get a partially seaview towards Quayside condo there.

    Expect stack15, those Stack 13 /11/ 9/ 7/5 do not have any advantage

  22. Freshwater Bay
    April 6th, 2017 at 10:16 | #22

    @Bug
    Your comment really laugh! Tamarind 1 mil?! Please go and search Mudah and see how many Quayside and Straits quay unit for sale from 800k to 1.2m. Which expat wants to buy your tiny high density non direct seaview Tamarind? So much choice now in this buyers market in Penang!

  23. Bug
    April 6th, 2017 at 12:00 | #23

    @Freshwater Bay
    Omg, 800k for quayside? USD? I am serious if you can get me this price I cash buy from you 5 units! Please get your facts right okay? You really make me rolling on flooor laughing (RoFL) I got a unit at Andaman tower 1F, 1187 sqft renting at RM4500 per month, going to increase to RM4800 end of this year. Agent offered me 1.6mil for sale I refused! I give you my words if 5 years later The Tamarind unable to go up 1mil, I sell all properties for charity la… Don’t try to challenge me dude… come on show me facts and figures please. Dude, I am renting Palm Court for my Bangla already RM1200 per month is way better than a new condo costs your about 500-600k in Sungai Ara eg, One Imperial RM1000 rental?!?!?!? No matter how bad The Tamarind is Rental there is no problem at all. See the location difference? 50k low cost flat get higher rental than a 500k Luxury condo. Please get yourself a Palm Court la, the way you comment sounds so cheapsake I guess you should be qualified for this low cost category.

  24. Phang
    April 6th, 2017 at 12:24 | #24

    Tower A stack 17 corner towards far end will be the best I think with seaview. No TNB in sight though you pay a high price. Stack 15 possible seaview if on higher floor.

  25. Hoseh
    April 6th, 2017 at 12:46 | #25

    @Bug I agree your statement the rental at STP really no problem at all. Residential I can’t comment, I bought vantage shop after bidding is RM1.09mil currently I am renting 7k monthly. 2+2 years.great return

  26. songhee
    April 6th, 2017 at 12:50 | #26

    @Hoseh

    Which floor is your vantage unit on?

  27. Freshwater Bay
    April 6th, 2017 at 16:53 | #27

    @Bug
    Wow your IQ is so low that you donno how to use Mudah.my is it? Come child I help you. Type in Straits Quay Waterside Suites, then click “sort by lowest price first”, then do the same for Quayside, really don’t have 830k-850k and a few 1.1m listings? If don’t have then I really pity u, because then u are not only low IQ, but also have eye problem! So SO SO much CHOICE ! When Tamarind 1000 units complete u SLOOOOWLY sell OK? Haha!

  28. Lol
    April 11th, 2017 at 07:41 | #28

    I have invested quite a bit into this location. Best is to do your own research. A lot of people will tell you a lot of things but in the end you have to think the pros and cons. I started with brezza (rm320 psft) , fettes (rm400 psft), then Quayside (rm700sft), then by the sea beachfront (rm1200psft), then Marinox (rm500psft), then tamarind (rm700psft) and I Santorini (rm500psft). So far I am happy with all my purchase. This location is near everything and with the future gurney wharf and island taking shape i have positioned myself to gain from these future developments.

  29. daren
    April 11th, 2017 at 09:37 | #29

    Bull shit !! Buy super condolah, orang kaya! Tipu pandai.
    If Tsunami come to visit one day, all the prices for this area properties will drop like hell, lelong also no buyers to buy then u will eat your own banana. Hahaha!!!

  30. I0I
    April 11th, 2017 at 10:28 | #30

    @Lol

    I fully agree with you.

  31. raymond
    April 11th, 2017 at 10:46 | #31

    @Lol

    From your list of investments, not all are fantastic buys. Some are very good, some are so so. But average out, you’re ok. You could have done better.

  32. BY
    April 11th, 2017 at 22:59 | #32

    @Lol

    Good buys!

  33. Lol
    April 12th, 2017 at 07:03 | #33

    @raymond
    So far I am happy with all of them. They are giving me good appreciations and good yields. Even by the sea at rm1200psft, I am doing homestay there and I get rm6k on low Seasons and rm15k on peak seasons. Easily rm100k a year return in rental. Marinox appreciated as well.

  34. raymond
    April 12th, 2017 at 07:20 | #34

    @Lol

    I have a friend whose unit at by the sea yields him only ~30% of what you get, plus he is complaining about how the furniture is getting worn out fast, so replacement cost is a significant cost. For Marinox, “price appreciation” is very “abstract” as there is price, but no market. With your wealth, I am very sure you have the holding power, can always say “if not the right price, I won’t sell”. I have friends who have held on to certain properties for 15-20 years, can’t sell, can’t rent out due to certain poor attributes, but still declare “appreciated”, “happy with the investment”and all the rubbish. C’mon, let’s be real. The key point should be, “could he have done better”?

  35. kekpo
    April 12th, 2017 at 14:00 | #35

    YES! Agreed!
    No wonderlah! A lot of properties in Penang waiting for sell but no demand due to oversupplied especially now market slow down. Paying the loan interest is a big burden unless u buy cashlah.
    Homestay is illegal, actually state goverment should enforce it. If neighbour complain then zero income. Hehehe!!!!

  36. May
    April 12th, 2017 at 19:56 | #36

    Bug :
    @gina There is no prefect deal for buying a property. Location itself will do the talking when the time comes. Let’s see the future value after 5 years. I can see min value of The Tamarind would be more than 1 mil which cable to sell to foreigner. Those who bought 700-800k are definitely making money after 5 years. Years back people told me Bayswater RM250k was very pricey luckily I choose to believe my ‘common sense’ guess what now? I am enjoying RM2500 rental monthly higher than MONEY GAME lo without any risks. People offered me RM800k I refused. STP and Tanjung Bungah are the most sought after address in Penang for foreigners. 1 mil for them are just peanut. Hoping government not changing the rule that min purchase for condo in island to 2 mil.

    5 years interest more than RM300k. You need to sell at 1.1 mil to breakeven.

  37. Lol
    April 12th, 2017 at 20:59 | #37

    @raymond
    If I am not wrong the reason why your friend is getting only 30% of what I am getting is because 35% of his earnings goes to the agent as commission. On the other hand, only 5% goes to my maid, I do the online marketing myself and it is quite simple. My furniture are still as good as new after almost 2 years. During the Middle East season, a night can easily go for rm1000. There are agents that have like 25 units under them and they make easily rm10-20k a month as commissions alone. Marinox I bought at rm500psft on top of that I received late delivery compensation of rm70k from the developer. I am sure I got a good deal. I think location is very important, if your friend bought at an expat area then it would be easier to sell later on. I invest only in Tg Bungah, Tg tokong, gurney, pulau tikus and town area. I will never go south or batu kawan for that matter.

  38. Tang
    April 12th, 2017 at 22:51 | #38

    Bro, I am renting out my unit…@May

  39. Freshwater Bay
    April 12th, 2017 at 23:14 | #39

    Wah so much HOT AIR here who turn on the heater?! If rental really so red hot at Quayside wonder why recently quite a few units on the bank auction market? The latest one is 990k for 1132 sqft! Recently Gurney the beach supercondo also got auction! Miami Green got auction 1615 sqft for 810k! lol so cash rich go and buy a few more lah! Or is it all paper value only? For BNB, what makes your unit special from the 1000 other units available? The will only be more competion and just like uber, a race to the bottom! By the sea really so easy and the security is really so bad that diferent people can come and go from this homestay? 6k per month so high turnover? How much kopi o money for the guard?? hahahahah

  40. ranee
    April 13th, 2017 at 00:04 | #40

    @Lol
    You did mentioned you had invested i-Santorini which is belonged to affordable housing development. From your previous statement definitely you were not eligible for it.
    Or else the state executive councillor Mr Jagdeep Singh Deo had claimed for failing his duty.

  41. I0l
    April 13th, 2017 at 00:32 | #41

    @ranee

    I Santorini open for public units selling at RM430K, RM448K and RM460K.

  42. Lol
    April 13th, 2017 at 05:42 | #42

    @Freshwater Bay
    It is beachfront, the only beachfront located between hard rock and park royal for homestay. Security is good. They register the guests and take down their passport details. Rm6k is low season but high season is rm15k. A year averaging rm100k sales and above.

  43. toyo
    April 13th, 2017 at 07:14 | #43

    @Lol

    You said ” I invest only in Tg Bungah, Tg tokong, gurney, pulau tikus and town area”, did you invest in Alila-2? Pls tell me you did, and tell me you’re very happy with your investment, and happy to see the father and son having nasi kandar in their orange suits.

  44. SK
    April 14th, 2017 at 12:37 | #44

    @Tang

    You need to renovate before you can rent it out. Those are cash.

  45. filterfren
    April 17th, 2017 at 08:55 | #45

    I will eleviate the concerns many have over this TNB remitting radiation.

    The truth is that anything that makes, sends or uses electricity gives off extremely low frequency (ELF) radiation. There’s absolutely No Proof that it causes cancer. If you live close to a power station and you’re worrried, get a gizmo called a gaussmeter. You can use it to measure the ELF fields near you. So this is all a ‘ limited concern’ – nothing to be worried of.

    There are so many actual causes of cancer in a world we live in today. Cheers!

  46. Michael
    April 19th, 2017 at 18:31 | #46

    Anyone managed to cancel their unit at tower B?

  47. Jasper Tan
    April 20th, 2017 at 15:23 | #47

    No point cancel my unit which not facing towards the tnb station,cancel with huge penalty at the end no profit gain and waste of money & effort.

    Rather hold for few years and sell in future

  48. Cindy
    April 21st, 2017 at 17:13 | #48

    How about those facing the tnb – anyone managed to cancel without penalty?

  49. Phang
    April 21st, 2017 at 22:25 | #49

    Frankly speaking, no company will take back its sold unit especially during such difficult times. Even if you have a buyer now I’m not sure whether sub-sale is possible during construction.

  50. filterfren
    April 23rd, 2017 at 01:58 | #50

    Even if they cancel a purchase, they will tell the affected buyer to be discreet about it.

  51. Malcolm
    April 24th, 2017 at 11:24 | #51

    Do you seriously think E&O will take back sold unit from your hands especially those bad facing? Anyone with a logical mind will know the answer. We live in a real world. Sometimes you win sometimes you lose. So for those who have bought facing tnb, the bright side is you got it slightly cheaper than Block A buyers but whether there is any health hazard, you will need to take the risk.

  52. filterfren
    April 24th, 2017 at 23:47 | #52

    The mere sight itself, of this gigantic transformer is an eye-sore, be it from a high or low floor of the residential units.

  53. Vince Ng
    April 25th, 2017 at 11:40 | #53

    For those high floor units facing pool view no worries,if 1200sqf+ even better as limited units,for those facing tnb i believe no special unit right? all 1047sqf……….. low floor jialat

  54. roland
    April 25th, 2017 at 13:40 | #54

    @filterfren

    Actually, not only the sight of substation, no matter from which angle I look at Tower B, there seems to be a problem. For stack 1,3,5,7, it is bloody hot with afternoon sun shining directly at it. For stack 9,11,11A,15,17,18,19, all will be affected by noise from the soon-to-be-built highway right in front.

  55. Dave
    April 25th, 2017 at 16:05 | #55

    Block b has the splendid view of gurney.

  56. Suzy Lee
    April 25th, 2017 at 18:22 | #56

    I will never take the risk of harming my family’s health for view. So what if you have Gurney view but it could be hazardous to stay. Choose another unit that has normal view but can sleep soundly at night instead of worrying if got ill effect.

  57. Longest
    April 26th, 2017 at 13:50 | #57

    My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks.

  58. Lam
    April 26th, 2017 at 17:18 | #58

    Longest :My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks.

    really 1888 as it gets energized by the super big TNB station. Your unit is low floor facing TNB substation, good luck in selling it.

  59. Phang
    April 26th, 2017 at 23:02 | #59

    Are you selling?

  60. Longest
    April 27th, 2017 at 01:10 | #60

    @Phang Yes sir, RM790k, help me ask around if anyone interested tq

  61. kapdf
    April 27th, 2017 at 07:20 | #61

    @Longest

    Yours is a very good unit, I offer you 980k. Can?

  62. Longest
    April 27th, 2017 at 13:04 | #62

    @kapdf R u serious? I am serious I can bear all the SPA documentation fee and stamp duty… how to reach u ?

  63. kapdf
    April 27th, 2017 at 13:27 | #63

    @Longest
    Sorry. Typo. I mean 780k. It will be good if this price include all SPA doc fee and stamp duty. Can?

  64. kapdf
    April 27th, 2017 at 15:31 | #64

    @Longest

    Oh no sorry. Something wrong with my keyboard. I meant 580k, SPA doc and stamp duty I bear.

  65. Baby lim
    April 27th, 2017 at 22:26 | #65

    Ur so funny. U can only get the deal in balik Pulau with this price wtf@kapdf

  66. Kepo
    April 28th, 2017 at 10:40 | #66

    @kapdf
    you can buy i-santorini (460k) and still have some balance (120k) for renovation :)

  67. Jarvis
    April 28th, 2017 at 10:43 | #67

    @kapdf

    You’re quite the joker . Who the hell is going to take a 200k loss just like that?

  68. ==
    April 28th, 2017 at 12:49 | #68

    kapdf :
    @Longest
    Oh no sorry. Something wrong with my keyboard. I meant 580k, SPA doc and stamp duty I bear.

    I let go 380k only, interested?

  69. kapdf
    April 28th, 2017 at 13:35 | #69

    @Jarvis

    You mean a life in Msia is worth less than 200k??

  70. kapdf
    April 28th, 2017 at 13:38 | #70

    @Jarvis, we’re talking about cancer here.

  71. Kepo
    April 28th, 2017 at 14:02 | #71

    @kapdf
    toilet 50k only, interested?

  72. Phang
    May 1st, 2017 at 13:28 | #72

    On Saturday saw pilling work on going at sub-station site. Surprised no major complaints from tower B residences to the relevant authorities so far. Such a pity but for those who got it cheap, I think it should be OK.

  73. kapchai
    May 1st, 2017 at 17:58 | #73

    @Phang

    Got it cheap?? No one got anything cheap at Tamarind. It’s a big rip-off. E&O needs to rip people off to sustain itself otherwise not enough cash.

  74. Longest
    May 1st, 2017 at 23:54 | #74

    My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks. Interested pm ya

  75. Phang
    May 2nd, 2017 at 21:11 | #75

    @kapchai
    Agree. This project is not cheap alright but it depends on how you see it. Just to compare.
    I-Santorini comes with bare unit plus some renovation may exceeds 500k and its leasehold under affordable category. Tamarind is built by a reputable developer with good workmanship and quality products. Nowadays things are not cheap anyway. Just my comparison. Probably the TNB issue may have some unhappy purchaser.

  76. filterfren
    May 2nd, 2017 at 21:14 | #76

    What is your cost price?

  77. kapchai
    May 3rd, 2017 at 07:25 | #77

    @Phang

    If you are a short term flipper, Tamarind gives you the full freedom of flipping, of course, can flip or not in a slow market will be another question. Whereas for Santorini, there would be some restrictions for a few years I believe before you can buy/sell in a free market.

    E&O, reputable for workmanship & quality? I think it is over-rated. The so-called workmanship and quality for Tamarind will surely not be enough to make up for the shortcomings caused by TNB substation, noisy highway in front and the big smelly noisy exhaust fans at Jazz hotel.

  78. Vince Ng
    May 4th, 2017 at 17:02 | #78

    For those who bought facing pool view and high floor owner,can arrange pre-oc sale agreement,
    only keen for 1200sqf and 1047sqf above 20th floor.
    quote your price out and contact,or drop to my email vincengzkk8@hotmail.com

    No email spam ,thank you.

  79. mrs.yong
    May 17th, 2017 at 10:03 | #79
  80. yh
    May 24th, 2017 at 23:54 | #80

    Tamarind definitely will not a good buy for investment.
    1) Rental Return estimately only RM1500-2200
    2) Selling Price 900k-1mil?. Jazz Residence selling at below 1.1mil also facing a hard time to sell.
    3) Tamarind i classified its as Medium High Range property, with such high density, I as an investor or buyer, it totally will out of my consideration list.

    Seri Tanjung Pinang Property no longer a good investment if you looking to buy one now. People bought at STP because of its title, but if E&O can build a over 1xxx unit now, it could have another high density affordable housing or low medium cost on the reclaimed land or future STP2 reclaim land.

    From what I knew, it will be approximately 12,000 unit of house including affordable house on the STP2 reclaim land.

    Gurney / Seri Tanjung Pinang will slowly lost it title and quality of living, and people have more choices when choosing property on this area. Property Price will face a very huge challenge and depreciation.

  81. Phang
    May 28th, 2017 at 22:34 | #81

    This project suits more who bought for own stay than rental based on current market situation. Times have changed and nothing is permanent. Affordable homes below 500k are most popular now and those above 1 million are beyond reach except from foreigners. I won’t be surprise E&O STP2 would include those cheaper units. Despite all this, heard Tamarind price have increased a lot.

  82. filterfren
    June 2nd, 2017 at 00:05 | #82

    Can anyone tell me how many storey the buildings are for Tower A and B?

  83. Lam
    June 2nd, 2017 at 12:33 | #83

    total 33 storeys.

    now already build until 25-27 storeys.

  84. Phang
    June 2nd, 2017 at 22:06 | #84

    By year end it could reach the roof top I guess at the current rate with high tech equipment they are using for this project.

  85. filterfren
    June 2nd, 2017 at 23:27 | #85

    Thanks, Lam.

  86. filterfren
    June 2nd, 2017 at 23:31 | #86

    @Phang
    Rooftop completion is projected for completion for on or before 08 Sept 2017.

  87. filterfren
    June 4th, 2017 at 11:46 | #87

    Typo………….. should read as 28 Sep 2017.

  88. Chloe
    June 15th, 2017 at 18:43 | #88

    @Phang
    is it possible and safe to sub-sale through a lawyer by signing a SPA by both parties?

  89. Phang
    June 16th, 2017 at 10:58 | #89

    Developers normally would not encourage any sub-sale during construction period until their project is completed. The risk is still there.

  90. SK Ch’ng
    July 6th, 2017 at 01:11 | #90

    Dear any investor / buyer who wish to buy the tamarind , u may whatsapp / call me @
    SK Ch’ng , thanks alot

    still have available unit for sale

  91. Beng
    July 13th, 2017 at 15:33 | #91

    Wow
    Going to reach level 30
    So fast

  92. filterfren
    July 26th, 2017 at 02:37 | #92

    Too excited to move in FAST. My patience is running out. Hopefully can get the keys by Dec 2018….. need to ID the house. The wait is too long…. cannot tahan.

  93. Sim
    July 27th, 2017 at 10:38 | #93

    Me too
    After all the infrastructure build up, that is a very good area to stay.
    I can just walking to Tesco

  94. Dylan
    July 27th, 2017 at 23:44 | #94

    @Sim Yes, Tesco walking distance. I bought mine in middle 2015 at 710k with 2 carparks stack 15 lower floor. I still think it is a not bad buy. Honestly like the address. Isn’t it better than sungai ara, relau condo? Also priced around 550-650 Psf and congested area. Wonder what is the current price now hopefully I made the right choice.

  95. Sim
    July 28th, 2017 at 00:41 | #95

    Definitely a good buy, remember the price is include the quality floor, air cond , heater and kichen partly furnished.
    I bought high floor with a little bit sea view, close to RM 900k, but i plan to stay so doesn’t matter.

  96. Dylan
    July 28th, 2017 at 00:56 | #96

    Most importantly, E&O emphasises on Quality of its products.

  97. filterfren
    July 28th, 2017 at 04:00 | #97

    I personally feel E&O has taken ALL purchaser’s of Block A and B for a ride! They have collected an extra at least 100k from each buyer for this project. The total amounts to a cool 110 Million Ringgit! Not 1 million, not 10 million but 110 million extra bucks has been sucked dry from all purchasers. And when you service the loan with interest payments added, you loose even more.

    Price for the location had aready been factored in, but no consideration was given on the extreme high density portion and commercial status part of the deal.

    The problem with Malaysian buyers is that it has always been a ‘herd’ mentality. On top of that, developers take full advantage of the possibility of increase in price in stages, by opening up the so-called ‘registration process’. From this initail response from the herd mentality public, they end up playing their cards well, at the expense of potential buyers. If there was no support for the initail registration process from the public, then they the developer would have been forced to price it right and that would have benefited all buyers.

  98. ==
    July 28th, 2017 at 08:49 | #98

    filterfren :
    I personally feel E&O has taken ALL purchaser’s of Block A and B for a ride! They have collected an extra at least 100k from each buyer for this project. The total amounts to a cool 110 Million Ringgit! Not 1 million, not 10 million but 110 million extra bucks has been sucked dry from all purchasers. And when you service the loan with interest payments added, you loose even more.
    Price for the location had aready been factored in, but no consideration was given on the extreme high density portion and commercial status part of the deal.
    The problem with Malaysian buyers is that it has always been a ‘herd’ mentality. On top of that, developers take full advantage of the possibility of increase in price in stages, by opening up the so-called ‘registration process’. From this initail response from the herd mentality public, they end up playing their cards well, at the expense of potential buyers. If there was no support for the initail registration process from the public, then they the developer would have been forced to price it right and that would have benefited all buyers.

    buyer always feed developer and bank, so we should cancel it and dont buy, let property price drop drop drop, but can we do that together?

  99. ranee
    July 28th, 2017 at 08:58 | #99

    Finally, at least someone from the Tamarind purchaser speaks the truth.

  100. ajen
    July 28th, 2017 at 13:39 | #100

    i took 700k loan, got to pay 4k a month for the next 25 years.

  101. Lam
    July 28th, 2017 at 14:34 | #101

    ajen :i took 700k loan, got to pay 4k a month for the next 25 years.

    SO what are you going to tell ? Is it worth ? not worth ?

  102. Phang
    July 28th, 2017 at 21:22 | #102

    To all the purchasers of this project, the past is history. Nothing much we can do now. What lies ahead till its completion expected to be end of next year, really hope its the right decision we have all committed. Despite of some negative comments before in this forum, I still believe the price would appreciate come year 2019.

    Met a friend recently who told me the selling price for Tamarind Type C is above one million for units at higher floor. I can’t believe it and can someone confirm here.

  103. ==
    July 29th, 2017 at 16:11 | #103

    ajen :
    i took 700k loan, got to pay 4k a month for the next 25 years.

    25 years cost 1.2 mil, feed bank 500k interest, congra

  104. Vince Ng
    July 31st, 2017 at 21:17 | #104

    From the negative comments up there,In a conclusion,don’t buy it now,wait until land getting lesser in penang,and let developer rob us with higher profit?

    if you can afford,buy it and keep it as an asset,if you can’t.. well ,wait for your grandchild to earn more to feed you then?

  105. Tiang
    July 31st, 2017 at 22:23 | #105

    @Vince Ng

    Agreed.

  106. Timmy
    July 31st, 2017 at 22:50 | #106

    @Phang
    Are those 1 mil type C units pool view / sea view facing and high floor un-sold units ?

    Those facing Jazz hotel or Tnb power station wont hit 1 mil selling price.

  107. Chicken_smell
    July 31st, 2017 at 23:11 | #107

    if you look at the demographics, Msians are now at the peak. The population will be going down in next batch of house owners who are currently 10 years younger than this generation

    so, if supply and demand arises, there will be more empty properties . Mainly due to lifestyle/taste/location etc

    Certain will choose good location houses , buy , demolish and rebuilt
    Certain will choose good condos with well maintained facilities
    The rest will wither and be blown by the wind

  108. filterfren
    August 1st, 2017 at 03:12 | #108

    There will be zero appreciation for the next 6 to 7 years. Reason being that all possible appreciation has been eaten and taken away by E&O as their massive profit by pricing the selling price of the units at a higher range. No one in the right frame of mind will want to fork out a cool million bucks for a pigeon-hole, despite its location.

  109. obak
    August 1st, 2017 at 10:18 | #109

    @filterfren

    I am suggesting that for future Tamarind sub-sale price based on your personal thought. If you are

    Pessimistic = 0% appreciation (like filterfren said) for 6-7 years
    Optimistic = 10-20% appreciation (like I said) for next 5 years
    Neutral = break even (after deduction of misc fee) for 3-5 years

  110. Phang
    August 1st, 2017 at 12:49 | #110

    Good locations are hard to come by now with the scarcity of land especially at this northern part of Penang by the sea. My view is that E&O are targeting those foreign buyers and Chinese nationals are one of them. We are in the midst of recession and next year is going to be tough. Whatever it is, buying for own stay is still a good option if the price is right.

    @Timmy
    Most likely pool view and sea view not so sure. Those should be unsold units and there are not many left. Tower A maybe much sought after unlike those facing TNB station.

  111. rambo
    August 1st, 2017 at 13:08 | #111

    There will be about 100 households of evicted residents from the slum of Batu Feringghi moving into the low cost flats next to Tamarind very soon. Good luck!

  112. Tat Sing
    August 1st, 2017 at 13:15 | #112

    Currently up to how many floors already?

  113. Lam
    August 7th, 2017 at 16:40 | #113

    Tat Sing :Currently up to how many floors already?

    reaching 30 I believe……my unit at 2X floor already asking for progressive payment.

  114. Huppo
    August 15th, 2017 at 15:15 | #114

    I can’t speak for all but only for myself:
    I bought a unit here eventhough I could get a cheaper one elsewhere but the address and the location was what I am after. I was adamant about getting one around Tanjong Tokong as I wanted access to makan places and the city, and of course the sea.
    Secondly, E&O. I can rest assure the condo will be painted plus the lifts, pool and landscape will be taken care of. After all, they have a reputation to uphold. For the extra price that I paid, it’s moved-in condition. Love the huge balcony. The toilets are nice. Hate the parquet.
    Tesco is just across the road so that’s a huge plus point. But what I am more interested is the new island that is being built. Once built, it’s going to be a major attraction. I can imagine myself jogging, e-scootering across the bridges to the island daily. I equate it to Sentosa island in Singapore somewhat. When Sentosa progressed, all properties prices on the mainland shot up drastically. The same goes to Clarke Quay. Now we see a trend around Shangrila hotel in Bangkok by the riverside. I hear they planned to build a train station near the Tamarind.

    What I dislike:
    The low-cost housing in front. The somewhat sleepy mall. I hear the marina will be gone.

    Other condos which I was interested in:
    Surin, very nice seaview, good price except for the floating mosque in front
    10 island, great view, good price, shoddy workmanship.

    I’m certain the price will rise. How much will be heavily depended on the economy and the demand.

  115. Phang
    August 16th, 2017 at 20:03 | #115

    Well spoken. Agree with your comments.

  116. James
    August 17th, 2017 at 11:22 | #116

    We have the same thinking and idea
    Fairly comment and no bias

  117. Siew
    August 17th, 2017 at 12:51 | #117

    @Huppo

    You said something that dont make sense …”Secondly, E&O. I can rest assure the condo will be painted plus the lifts, pool and landscape will be taken care of”.

    The ongoing maintenance of the place has nothing to do with E&O, as it will be up to the owners/JMB/MC, no matter who the developer is. So whether E&O or not, no diff, not to say that E&O is any big deal. In fact, it’s workmanship has always been just average, but the price is always way above average. Hahaha.

  118. Siew
    August 17th, 2017 at 12:57 | #118

    @Huppo

    You didn’t mention about the 6-storey TNB mega station next to Tamarind? Don’t know or forgot or not affected becasue your are in Tower A?

  119. Png
    August 17th, 2017 at 15:32 | #119

    @Huppo

    Agree with your comment.

  120. Lam
    August 17th, 2017 at 16:47 | #120

    Siew :@Huppo
    You said something that dont make sense …”Secondly, E&O. I can rest assure the condo will be painted plus the lifts, pool and landscape will be taken care of”.
    The ongoing maintenance of the place has nothing to do with E&O, as it will be up to the owners/JMB/MC, no matter who the developer is. So whether E&O or not, no diff, not to say that E&O is any big deal. In fact, it’s workmanship has always been just average, but the price is always way above average. Hahaha.

    Tamarind is using Kerjaya Prospek as main contractor, and it is one of the top contractor in Malaysia, building many famous flagship projects. Don’t compare their workmanship with those 阿狗阿猫 contractors used by local Penang developers.

    Totally different level.

  121. Nova
    August 17th, 2017 at 19:16 | #121

    buy the peak at mount erskine la… i have 1 client unit for sale only RM490k, reno unit. interested call me at 0I6878208I

  122. Timmy
    August 17th, 2017 at 21:30 | #122

    Nova :
    buy the peak at mount erskine la… i have 1 client unit for sale only RM490k, reno unit. interested call me at 0I6878208I

    Wahh price drop! On 2015 my friend bought the peak subsale at 550k… now only worth 490k?

    I better wait it drop till 400k, LOL

  123. Lay man
    August 17th, 2017 at 23:34 | #123

    Dont lie la
    The peak only 350k,
    Or may be you can wait till 300k
    And wait long long

  124. filterfren
    August 18th, 2017 at 05:29 | #124

    Why is ‘The Peak’ price crashing down so badly?
    Price of 450k will be a steal.

  125. filterfren
    August 18th, 2017 at 05:31 | #125

    Any news if the TNB construction has started?

  126. Phang
    August 18th, 2017 at 20:45 | #126

    E&O upon obtaining CCC and after delivered its vacant possession to all purchasers will still be managing Tamarind for at least a year until the owners themselves formed their JMB to take over those responsibilities. Developer still have their say during this period.
    I have confidence in their quality & workmanship, that’s for sure.

  127. filterfren
    August 31st, 2017 at 22:27 | #127

    Anyone can confirm the current status of project?

  128. filterfren
    August 31st, 2017 at 22:28 | #128

    Also has construction started on the TNB?

  129. Phang
    September 1st, 2017 at 23:18 | #129

    My understanding is that this project currently being built according to plan and should be completed by end of next year unless something which we are not aware of. The success rate of Tamarind is overwhelming as what been reported by the Star recently.

  130. jason ng
    September 5th, 2017 at 17:53 | #130

    Can Tamarind be use for Airbnb?

  131. tan
    September 6th, 2017 at 15:24 | #131

    @jason ng
    Yes. Tamarind is developed under commercial title.

  132. Lam
    September 6th, 2017 at 16:25 | #132

    It’s up to JMB / MC decision to approve or ban BnB, so it all up to the owners voting.

  133. jason ng
    September 6th, 2017 at 19:21 | #133

    Hi Tan and Lam,
    got Property agent told me Tamarind is commercial Title but under HDA (Housing Development ACT) so it is not allow for AirBnB…is it true?

  134. Baby lim
    September 8th, 2017 at 20:01 | #134

    Yes can use it as Air Bnb as it built under commercial title

  135. Lee
    September 10th, 2017 at 12:10 | #135

    Cannot use as air bnb because during purchase got sign a notice stating cannot use as service apartment (house rules).

  136. ana
    September 10th, 2017 at 16:31 | #136

    sure, I did not notice, let me check. If that is true, I want to sell my unit

  137. Phang
    September 18th, 2017 at 21:55 | #137

    I was told S&P agreement stated clearly that business operations is strictly prohibited which includes home stay for this project. Those owners in doubt here can refer to the guidelines provided.

  138. ranee
    September 19th, 2017 at 10:39 | #138

    Pity owners lost the benefit of being commercial title.

  139. Jason
    September 19th, 2017 at 13:17 | #139

    Commercial title under schedule HDA is allowed for AirBnb Usage,just check with my lawyer.

  140. greg
    September 19th, 2017 at 14:27 | #140

    Better not use it for AirBnB lah. Nowadays, many youngsters can afford the RM300 a night, they use it for drug parties.

  141. Phang
    September 19th, 2017 at 16:30 | #141

    It is easy to find out whether home stay is allowed here but whatever, the future residence of Tamarind will have the final say for sure after the formation of JMB.

  142. filterfren
    September 23rd, 2017 at 20:10 | #142

    It’s official! Downtrend in property market has started across the board. The not-so-good locations, especially landed houses, bear the heaviest brunt. As for Tamarind, price would either be stagnant or only fall slightly lower due to it’s strategic location. Looks like, this time, this downturn would last several years. A turnaround in the property market would depend on the results of the upcoming elections.

  143. Phang
    September 23rd, 2017 at 22:47 | #143

    Those who bought for own stay won’t have to worry much. Speculators are still having a hard time. Next two years will be crucial. Properties in good locations are still in demand.

  144. STP rocks
    September 23rd, 2017 at 23:14 | #144

    International school building nearby…..another good catalysts.

  145. Phang
    September 30th, 2017 at 21:17 | #145

    I’m quite sure the price of Tamarind won’t fall as actually it has increased to a million bucks for type c. Check it out if you don’t agree.

  146. Baby lim
    September 30th, 2017 at 23:50 | #146

    U are a typical joker loll@Phang

  147. Phang
    October 1st, 2017 at 22:06 | #147

    Have you call up to check. Initially I don’t believe but my friend phone up to clarify. Let us know the answer after your call.

  148. BBB
    October 1st, 2017 at 23:03 | #148

    Phang :
    Have you call up to check. Initially I don’t believe but my friend phone up to clarify. Let us know the answer after your call.

    Those over million price tag could be those type C pool view facing units. those jazz hotel or tnb facing units, i doubt their price hit 1 mill so soon

  149. Png
    October 2nd, 2017 at 09:19 | #149

    Just to share. My sales guy told me E&O no longer offer 5% or 5+2% rebate for The Tamarind.

  150. Phang
    October 2nd, 2017 at 11:26 | #150

    Whatever it is, the price have appreciated definitely. Exciting news as very soon the construction would reach the top floor but at the same time request for progressive payment also coming up fast.

  151. gongtuatai
    October 2nd, 2017 at 18:02 | #151

    @Phang

    Nooo……cannot say whatever it is one, must know the reason for the price increase. Is it REAL “market” induced price increase, or ARTIFICIAL “developer” induced price increase? There were many brainless people who got their fingers burnt because they bought into an artificial bullish market a few years ago.

  152. ==
    October 2nd, 2017 at 18:52 | #152

    If gt water fish= price increase or syiok sendiri, can sell back to developer or bank with profit 100k only even price already increase 200k? Must waiting water fish or earning nothing

  153. Png
    October 3rd, 2017 at 09:43 | #153

    Regardless of any project, I never heard selling back to developer or bank. If got, let me know. Thanks.

  154. filterfren
    October 3rd, 2017 at 10:11 | #154

    Progressive payment billings are coming up very fast, super crazy, very aggressively. For sure, keys would be handed over by Dec 2018, which is just slightly over a year away. Looking forward to moving in fast.

  155. buyer
    October 3rd, 2017 at 14:54 | #155

    my progress interest already 35% billing. Since already build over my unit level.

    how about others?

  156. rina
    October 3rd, 2017 at 19:22 | #156

    For me, they have not billed me anything yet after the initial 10% because I write in a letter to cancel my purchase and asked for the return of the 10%. E&O seems reluctant to let me cancel, and offering me more discount for another unit.

  157. Png
    October 3rd, 2017 at 19:32 | #157

    @rina

    Have you signed the S&P?

  158. filterfren
    October 4th, 2017 at 10:20 | #158

    Dont worry, Rina. You will get back your 70k+ eventually. After all, E&O has made humangous amount of profit from selling nearly all of their pigeon-hole units. Some buyer will come along and purchase the unit you want to cancel. For 1 unit, E&O cannot afford to put their reputation at stake. They may try their level best to persuade you, though. Don’t give in! I’m confident you will get your money back.

  159. Phang
    October 5th, 2017 at 18:49 | #159

    This project will bring in profits. Though properties in Penang are still sluggish, there will always be people looking for good locations to buy unless you bought it at a high price. I heard there are those who paid below 700k for type c units. Probably those are early birds. Anyone here managed to get at that price I wonder.

  160. Tee
    October 5th, 2017 at 19:35 | #160

    Phang :
    This project will bring in profits. Though properties in Penang are still sluggish, there will always be people looking for good locations to buy unless you bought it at a high price. I heard there are those who paid below 700k for type c units. Probably those are early birds. Anyone here managed to get at that price I wonder.

    Those tower A facing jazz hotel , low floor units.

  161. BY
    October 5th, 2017 at 20:36 | #161

    @Tee
    With one free car park, right?

  162. Phang
    October 5th, 2017 at 21:22 | #162

    I think so but I met one buyer who told me he got level 17 tower A. Lucky guy and you’re right only one car park. Still I consider a good buy. You can’t ask for more.

  163. filterfren
    October 5th, 2017 at 23:57 | #163

    I wouldn’t pay a single COIN for an extra car-park. It’s daylight robbery.

  164. fins
    October 6th, 2017 at 07:08 | #164

    Below 700k I don’t know, I have only met a few waterfish who paid almost 900k for 1000+sf. If they bought it for investment, it will be negative cash for a long time.

  165. buyer
    October 6th, 2017 at 09:52 | #165

    900k+ for 1000sft are those are pool view facing units, for own stay will be great with the nice pool + seaview. If they bought for rental play then good luck to them.

  166. BY
    October 6th, 2017 at 11:05 | #166

    @Phang

    You mean 17th floor with less than 700K after discount? I don’t think so because E&O has price list for every floor and every unit.

  167. filterfren
    October 6th, 2017 at 21:04 | #167

    @buyer
    Own stay not so great either, as poolview can be noisy on lower floors and sea-view is only partial. Some of these waterfish overpaid by a whopping 260k or so for the same 1047 sf units.

  168. BBB
    October 7th, 2017 at 09:30 | #168

    filterfren :
    @buyer
    Own stay not so great either, as poolview can be noisy on lower floors and sea-view is only partial. Some of these waterfish overpaid by a whopping 260k or so for the same 1047 sf units.

    260k differ for same floor different view facing?

  169. Lol
    October 7th, 2017 at 12:02 | #169

    I bought block A level 32 type C for rm714k

  170. CG
    October 7th, 2017 at 15:38 | #170

    @Lol

    With one free car park?

  171. Phang
    October 7th, 2017 at 18:46 | #171

    I believe only corner units can have a wider sea-view that is tower A unit 17 & unit 20. Tower B will be unit 18 & 19. but those units are over a million dollars. I understand some other type C units may have partial sea-view which will be an advantage. Not sure which are the lucky units.
    Agree, buying additional car park for over 30k is expensive.
    Level 32 for Rm714k is considered reasonable.

  172. Png
    October 8th, 2017 at 05:58 | #172

    @Lol

    Your level 32 RM714K is after 5+2% rebate, right? Meaning S&P price is higher, right?

  173. Unicorn
    October 12th, 2017 at 21:07 | #173

    Correct

    @Phang

  174. Phang
    October 15th, 2017 at 20:00 | #174

    @BY

    Yes, I know there are some purchasers who bought at middle floor below 700k after discount though with only one car park. Still a good buy, probably the timing was right. Sometimes there are couple who only need one car park as only one person drive. I still feel the actual price you pay is important based on current market situation.

  175. BY
    October 15th, 2017 at 21:02 | #175

    @Phang
    Where to park for those have 2nd or 3rd car?

  176. ranee
    October 16th, 2017 at 01:16 | #176

    Even my condo came with 2 cp, I still bought additional one.
    Can’t imagine if I only got one cp.
    You may need it in future unless you bought it not for own stay.

  177. BY
    October 16th, 2017 at 09:28 | #177

    @ranee

    I agree with you. 1cp is definitely not enough.

  178. Phang
    October 16th, 2017 at 21:33 | #178

    Totally agree with you all. Nowadays even with 2 car park is insufficient but my case is different. I don’t need 2. Of course if your family plus children stays together then 3 car park maybe just nice. My previous condo I let one of the committee to park as I don’t need the extra lot. The future we don’t know and can’t predict, should the need arise then will have to find other options.

  179. BY
    October 16th, 2017 at 22:12 | #179

    @Phang

    Agree it depends on case by case.

  180. Asking
    October 17th, 2017 at 08:22 | #180

    How much will tamarind units rent out for?

  181. filterfren
    October 18th, 2017 at 04:36 | #181

    Daily 200. Monthly between 2200 to 2800.

    Anyone knows if TNB has started construction?

  182. James
    October 19th, 2017 at 15:32 | #182

    @filterfren
    You so great, building not even complete but you know the rental rate already

  183. BY
    October 19th, 2017 at 16:44 | #183

    @filterfren

    Reasonable estimation.

  184. BB
    October 19th, 2017 at 17:00 | #184

    filterfren :Daily 200. Monthly between 2200 to 2800.
    Anyone knows if TNB has started construction?

    This is giving negative cash flow for most of the owners, good luck.

  185. guitarist
    October 20th, 2017 at 07:40 | #185

    @BB

    That’s true, negative cash flow. But that applies to almost all properties nowadays, because prices are simply too high compared to rental rates.

  186. BY
    October 20th, 2017 at 09:48 | #186

    @guitarist

    100% agree with you.

  187. Tang
    October 20th, 2017 at 11:32 | #187

    Saw the actual unit photo for type A and type C in closed group. Awesome, same as what seen at showroom previously.

    E&O, still at it best. thumbs up !

  188. guitarist
    October 20th, 2017 at 13:47 | #188

    @BY

    Whenever someone tells me they want to buy for investment nowadays, my advice to them would be, unless you’re prepared and can afford to hold it for at least 10 years, otherwise you’re just looking for trouble.

  189. Fengshui
    October 20th, 2017 at 14:02 | #189

    Tang :
    Saw the actual unit photo for type A and type C in closed group. Awesome, same as what seen at showroom previously.
    E&O, still at it best. thumbs up !

    how to join closed group? would like to look at the pics too..

  190. Asking
    October 20th, 2017 at 16:11 | #190

    guitarist :
    @BB
    That’s true, negative cash flow. But that applies to almost all properties nowadays, because prices are simply too high compared to rental rates.

    Wait, GAP will close overtime

  191. guitarist
    October 20th, 2017 at 17:31 | #191

    @Asking

    Yes, that’s why I said have to hold for at least 10 years.

  192. Asking
    October 20th, 2017 at 23:32 | #192

    guitarist :
    @Asking
    Yes, that’s why I said have to hold for at least 10 years.

    Or wait till rental demand goes up

  193. ==
    October 21st, 2017 at 07:11 | #193

    Lol hold 10 years? Interest for first 10 years atound 300k, hold more = pay more interest to bank, u earn nothing if u dint calculate nicely

  194. ==
    October 21st, 2017 at 07:17 | #194

    Wait rental demand goes up? Rental only will keep cheaper due to over supply, last time the light rental around 3k, nowadays around 1.5k, y? Go mudah search u will know

  195. Phan
    October 21st, 2017 at 15:14 | #195

    Temporary negative cash flow is still better than sitting doing nothing and let it be forever negative.

  196. CheapSkate
    October 21st, 2017 at 18:02 | #196

    If you buy for renting out ,i suggest buy low cost 700k tamarind = 4 low cost flat =each flat rent out min RM500 , u earn easily rm 2k per month , correct me if im wrong .

  197. Stocks
    October 21st, 2017 at 19:17 | #197

    Phan :
    Temporary negative cash flow is still better than sitting doing nothing and let it be forever negative.

    Blue chip stocks are better but property has leverage and tangible.

  198. Phan
    October 21st, 2017 at 19:20 | #198

    First, low cost flat is not meant for rent out. If one still insist to invest it for rent out, then who will be your potential candidate? Middle income group or high income group? High chance low income group or so call poor people, who can’t afford even owning a low cost flat, will be your candidate. If they are poor, do you think easy to get the rental from them? And you are talking about 4 units. My goodness. Experienced this before and very tired of chasing rental. Full stop.

  199. Stocks
    October 21st, 2017 at 19:52 | #199

    Phan :
    First, low cost flat is not meant for rent out. If one still insist to invest it for rent out, then who will be your potential candidate? Middle income group or high income group? High chance low income group or so call poor people, who can’t afford even owning a low cost flat, will be your candidate. If they are poor, do you think easy to get the rental from them? And you are talking about 4 units. My goodness. Experienced this before and very tired of chasing rental. Full stop.

    What if the tenants don’t pay up

  200. Phan
    October 21st, 2017 at 20:31 | #200

    @Stocks

    If tenants don’t pay up, halau them out. You are lucky if they follow your instruction immediately. Most cases, you will loose a few months rental from them. And I agree with you, blue chip stocks sometimes are better. Or maybe just keep your money in the bank. Or diversify your investment. It all depends on one’s appetite and analysis. No right, no wrong.

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To advertise your property in this page under "Classified Ads":
 1. Submit your property at PenangPropertySale.com, it's FREE!
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 2. Remember to select "The Tamarind" as the [Related Project]
 (Please do not advertise your property in the comment)
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