The Tamarind
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.
Project Name: 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
Estimated Completion : 2019
Location Map:
Contributed by reader (Update 18/07/15)
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STP2 coming soon. This place is going to boom. All those that invested will easily make rm250k and above.
Block B still yet to launch already push buyers to sign S&P. Why the rush when you don’t even tell when you gonna launch the remaining block?
@sammy
Not to say dead but is a bit quiet
But I rather be quiet compare to like low cheap class market
I would use the world not mature enough And give them a couple of years and I think straight quay will be more happening
@sammy
They say at least after 3 months
That all the trick for developer to earn money
@James
Food so so but pricey, how to become happening? btw, not many people like to visit quiet shopping mall. People die die want to go to super jam packed places like QBM or GP.
@Lee
If I am a buyer, I want to be the last one to sign.
After 3 months means post GST. Additional 6% on top of the 10% they plan on giving. Those that bought block A confirm 16% in the bag!
@Bingo
Since they reluctant to show price chart, who knows who is getting better deal?
@sammy
My friends are all waiting for the units to be released. So if u don’t want please make space for my friends.
@Warren
Don’t worry. I am sure your friends can get a unit or two of the oh so popular Tamarind.
@TL
valid concern. if u plan to flip upon oc. 1m is too high for local and density may not be what foreigner want and they will look for new project from e n o.
@sammy
Agree with you that Straits Quay is a big failure, from commercial point of view. Foot traffic is extremely low during weekdays, and so-so during weekends.
My uncle just bought 2 units at Tamarind, cash. He has about 2 mil cash on hand to invest in Penang properties to hedge against inflation. A few friends of mine grabbed a couple of units each. 2 families I know of whose wives are penangites and husbands mat sallehs bought 1 unit each. They all know about the lack of commercial success of straits quay, but somehow upon hearing of Tamarind, they opened up their wallets confidently.
Ya, agree. After all buyer sign the snp we all can join at facebook and discuss
I am not trying to sell Tamarind. Many people said Tamarind is in a way “cheap” and a good buy, which I strongly disagree. How can 1000+sf condos averaging RM800k be cheap? But reality said otherwise, judging from what I have observed. People really have money, and they are all too willing to splurge on properties in this location. They have loads of cash. What to do??
How many buyer already arrange for signing S&P ?
No doubt it is a good location to stay but bear in mind that a lot to of flippers plan to sell or rent it or worse still turn it into homestay.. Imagine you have new neighbors every 2 or 3 days. Those want to make big bucks better get the best ‘ view’ unit as it is easier to get buyer. History shown from Andaman- cheaper unit/ no view unit not easy to sell!
Dear flippers, atleast plan for tahan min 5-10 year here, sure can see the different on this area
I have not sign SNP because awaiting my loan approval…
Anyway I received email say can sign from 6th march onwards only. So fast can sign already? They do work so fast. But anyone knows when stamping?
@buyer
This is not Ivory. Base on their track record, they will always ask you to sign S&P without dates printed. Then they will sit on it a few years before putting a date on the S&P and send for stamping. That is to make sure they sell enough units before start counting the 36-month delivery dateline.
Whereas for Tamarind, piling has actually started. Based on the initial response, they should be very confident in selling block B. Don’t forget, they have the infra to market Tamarind overseas, together with Quayside. So, I won’t be surprised if they start to hike the price for Block B a little bit to breach the 1 million for foreign purchase. So when they do roadshow overseas, they have the E-class (quayside) as well as the C-class (Tamarind) to offer.
Do survey here who are plan buy extra carpark ? And who r u plan not buy extra carpark ? Tq
I think buy for flip is also risk cause no view how can rent out, if buy 700k then I don’t think rent can cover the installment some more so many unit.
If buy sea view lagi Susah to rent cause the buying price is too high unless u want to sell after appreciated
I bought for my own stay and not flip
GST is not apply on this project cause this tamarind is under commercial land but residential title
So the good things is the future buyer will not paying 6% tax.
Commercial title or residential title is making a big difference after GST cause this project is cost 1 million , 6% is 60k already
flipper> if tahan for 5-10 years, then is not call flipper already. lolz
@searching
Correct and agree
I asked marketing person and was told this is under commercial title. Were you told differently?
@tamarind
Can any one clarify especially those already sign S&p
this is free hold and commercial title, so please expect higher price cukai taksiran. If other residential title condo are paying few hundred (per year) , then probably u are paying 1.5-2.5k for commercial title condo. For example One World, One Sky, Elit Heights.
by the way, electric, water, IWK, other utilities are charging residential rate
May i know who know the ceiling height for tamarind ?
If they are not stamping your S&P before April 1, you will still be taxed 6%.
After confirm with E&O developer The Tamarind project will not hv 6%GST !!
2.9m floor to ceiling, as shown in the showflat. Quayside is 3.4m floor to ceiling @high
@AO
Pretty low for a luxurious condo.
md,
becoz this is not a high end condo.
Anyone know that the Jazz Is hotel or condominium? at ground floor hv shop lot ?
2.9m clear height is already quite confortable, it is as high as One World. If you view The Tamarind showflat, you’ll observe and also be glad about the fact that all the bedroom and bathroom door frames are also very high and it makes a lot of difference when you perceive the sense of space.
Can’t compare with Quayside and Andaman, their ceiling height is super high.
Ceiling height 17% lower, price 40% lower. OK lah. I’d rather take money than that extra head room.
@AO
This is medium cost apartment standard. Typically you get 10.5ft for condo.
Jazz signboard show :
Blok Hotel 22 tingkat 292 bilik dan komesial suite 32 tingkat 146 unit berserta 1 block Podium 8 tingkat yang mengandungi :
(i) Ruang Komersial ruang lobi hotel dan ruang lobi komersial suite di aras 1 & 2
(ii) Ruang tempat letak kereta di paras 2A – 7B
(iii) Ruang Komersial, Ruang teres dan kolam renang di paras 8
Not only ceiling height but the width and design of corridors is totally different.
@jamie
really? is it true?
@GST
I am confuse now, is it the tamarind is commercial title but e&o apply for residential use so no GST apply
Then compare with other commercial title in Penang like one world and elit the buyer have to pay GST after Apr 1
Can some one enlighten me please
@Him
One World & Elit after Apr 1 have to pay GST for what? Monthly maintenance fee?
I have signed my S and P already. No such thing as extra 6% GST after April. However, if you are not interested, according to them, a lot of people are waiting for units to be released.
Hi, anyone got any idea ,which floor from tamarind will be same floor with jazz’s swimming pool?thanks.
azz signboard show :
Blok Hotel 22 tingkat 292 bilik dan komesial suite 32 tingkat 146 unit berserta 1 block Podium 8 tingkat yang mengandungi :
(i) Ruang Komersial ruang lobi hotel dan ruang lobi komersial suite di aras 1 & 2
(ii) Ruang tempat letak kereta di paras 2A – 7B
(iii) Ruang Komersial, Ruang teres dan kolam renang di paras 8
@Morus
if i am not wrong it has to be above the 10th floor
I heard jazz hotel’s swimming pool is on 29th floor, 30 floor is rooftop restaurant. You need to be about that level to see these, but bear in mind the jazz’s hotel ceiling height is unknown (for now), so you can’t estimate the height.
I am not sure about Jazz residence’s swimming pool, probably at floor 9 (above the carpark)
May i know anyone here already sign the snp ? Temporary i didnt receive any call frm E&O to arrange sign snp.
I signed the S&P today, it’s 4+1. I bought an additional car park for RM38K. I was told that there is a long waiting queue for my sea view unit if I were to give it up. I had also visited the show unit. I can confirmed that the ceiling height is comfortable and acceptable even though it is only 2.9M. The title is commercial because it is under service apartment suites. They are applying for residential rates for the utilities and assessment.
@Bob
what is mean this { it’s 4+1 } ??
I was told by the lawyer that it is a 4-year completion project. I have to assume that we will be compensated only after the fourth year.
They have not obtained the APDL so I had signed only a few purchasing documents. I was in formed that there is no need for me to sign the full 4 copies of S&P later.
Without APDL, you are theoretical signing on a piece of paper, nothing more. Developer will not date the snp and stamp it until APDL is obtained. You can sign today tmrw next month and it doesn’t really matter. Developer just play to their advantage to keep your booking fee or even the 10% deposit for Snp first. The 4 years will clock only from the date the snp is stamped and dated. Stamping date can be this qtr, next qtr or 2016.
@Bob
can u choose your carpark location? or is it by ballot later on ?
@Bob
No APDL already start piling? Can meh?
@Bob
assessment also residential rates ??
Ha..apply for residential rate for utilities…..Means the assessment and quit rent is commercial? and also Kena the 6% GST for future transaction…..man, belum untung kena 6% already. Seller take up or buyer swallow it in future transaction…
Too many people asking too many stupid questions. It is residential rates for utilities such as water and electricity but commercial assessment rates.
Saw one FB group create for this project
where is it located… hot project…. still have space ah in stp… jazz u/c, marinox u/c.. then where is tamarind…
@jayden
I was not allowed to choose. They had already chosen both the car parks for me before signing.
@confused
Yes, they can start piling with the approval from MPPP.
APDL is controlled by federal. Without APDL, it is illegal for E&O to bank in the down payment.
@ss
assessment is commercial rate because it is a service apartment suite.
@Bob
what floor u get for your 2 carparks? did they give u side-by-side ?
@Bob
Did you need to inform them that you getting the additional car park before going down to sign? Are your car parks side-by-side?
I am still thinking whether to get additional carpark.
@Bob
So you know the exact location of your carpark?
I miss the boat, my budget @ 750k but developer just left few unit at top floor facing tanjung tokong, @9xxK. I still wait other unit to come up, pls update me if hv any, tq
cimb & Hong leong offer me rate 4.4
May i know 4.4 is good rate ? or anyone get better rate ?
@jayden
G2, they are not side by side though. Both are near the main lift.
@buyer
Yes, you must inform them when you make an appointment to sign the S&P. The RM38K can be included in the purchase price. You need to pay only the 10% i.e. RM3,800.
@buyer
Yes, I had requested them to show me the car park plan before signing.
@Bob
u r know the total carpark lot at tamarind ?
@Bob
Want sign the snp is waiting developer to call us or can direct call developer to arrange to sign ? If for ur opinion i didnt buy extra carpark ok ? Just plan for renting out my unit.
@carpark
There are four floors.
@Snp
You should call to make an appointment for signing the S&P. If you decide not to get the extra car park, there is no rush because the primary car park had already been allocated. If you go for the second car park, it is advisable to do it soon so that they can pick for you a better location. I would strongly recommend that you buy an extra car park simply because it helps to attract potential tenants and/or buyers.
how to join this group @James
@Bob
I managed to get both car parks at the ground floor.
There is no 6% GST after April because it falls under residential Schedule H.
Kim, you so fortunate to get ground floor. Maybe you bought corner unit?
@buyer
i bought 31st floor but smallest size unit.
@kim
Yours is seaview unit?
@Kim
now no more sea view, right ?
@Bod
May i know that for buy extra cover carpark @38K at level ground floor ??
i will sign snp on sunday, my unit lower floor face jazz, carpark at level 3. i decide buy extra 1 no cover carpark@28K at ground floor.
@Black Sugar
now just left few unit, face tanjung tokong, @9xxk
which bank loan offer you all take?
the panel bank got CIMB,RHB,MBB,HLB,HSBC,PBB……all same rate 4.4% (effective lending rate).
which bank gives u best flexibility & convenience?
@jayden
My loan CIMB, 90%,4.4%, 34year, fully flexi
@kk
I get 4.35% from CIMB
@kk
Do you know the sizes for those 9xxk units facing tanjung tokong? Which floor?
@GaryC
How to get 4.35% frm CIMB
My loan 638K, 4.4% frm CIMB
Hong Leong bank also offer 4.35%
@May
u can direct check with developer, i think top floor unit no.6, sale 9xxK
Signed S &P this morning, 2 ground floor car park too
@May
1047sf, u can direct check with developer, i think top floor unit no.6, sale 9xxK
@kiki
@ how much loan amount canget 4.35%
@kiki
how much ur loan amount for 4.35% ?
I was offered 4.4% from a few banks.
anymore units available? 900K+ for 1047sf is too expensive. any discount package?
Loan 70% due to not 1st & 2nd house.
Panel bank hong Leong Eddie did for me, in 3 days everything was done.
The car park is seperated right?
anyone plan buy extra carpark , noncover (28k) or hv cover (38K) ? I just plan buy non cover (28k), can save 10k, and it will at Ground floor.
i will drop by eno to cancel my unit tomorrow noon. those interested can enquire at eno office. good luck.
@eh
What’s your unit number and floor?
29 facing jazz
@eh
Unit?
@eh
may i know the price ?
developer sure will not open this unit to public, maybe will set different price and open to new buyer
The price different for the Type C 1047sf
12a,12,10,8,6,2a,3,5,7,9,11,11a,15
The price go down from left to right.
I guess if your unit is higher price will get the lower floor car park
But for type A and B might be different story cause provide 2 car and I believe is side by side
This Projet the Corridor lay out will be like resort hotel style
I think you are not allow to put grill out side of your main door, they will maintain like a hotel style
They are good and bad
The most importance is the security to make sure the safety of the house
Talking about financing for the tamarind, I applied with hlb, cimb and rhb. My loan is rm750k. The offer from 4.4% to 4.35% depending on the loan amount. After serious comparison, I signed up with rhb due to no processing fees, no monthly charges, lower lock in period and the service is superb. The manager really did a good job by explaining and gave a good advise and ideas about investment which gave me a clearer picture. As for me rate is important but the package is more important for me and even some banks offers 4.4% or 4.45% which I think not much of the different as I will dispose off my property once completion. The developer will claim the second 10% by before end of the year and the next payment will be depending on the level of my unit. I will not go for Maybank as their spread rate is the highest no doubt the BR Is the lowest.
Yes Liew I agreed. Rhb approved my loan within 2 days and my friend only 1 day. The manager Ryan from rhb under E&o panel banker did the loan from me. He did a good job. I just signed my spa over the weekend.
I signed with cimb because I have account with them.. 5 days approval.
@Teik
Cimb 2 days approval.
Anyone can help create the tamarind facebook ! TQ
Price seems ok but service apartment not condo. That means no car park, higher maintainence and not protected by housing act. Also utilities are commercial rate. Buyers beware
@chan LIN HENG
I also hope that every buyer beware, consider slow slow and hope that developer no laku, so that We can consider slow slow consider our unit, no need just use 5-10 min only consider and choose our unit. Apartment or condo just name, like npark 300k also called npark condominium. Quayside 2mil also didn’t put name condo. Although we use very short time to decide but all the buyer already do all home work and consider everything before choose tamarind project
@chan LIN HENG
It falls under schedule H, that means it is under the housing development act. It has house rules and it is not a service apartment. Since when did you guys have the idea it is a service apartment? It is a residential project with a commercial title land.
Obviously,you dont know much about the project because if you did you would know that it has at least 1 car park for the smallest unit and 2 car parks for the bigger units. Utilities are residential. Please don’t simply spread false rumors….
@chan LIN HENG
@chan LIN HENG
Blk b still not open yet, u still hv opportunity to get a unit here. No need remind tamarind buyers beware here. All Blk A buyer already standby sign snp
@Lol
LOL, are u kidding me. You make urself like a fool when u say that. The Tamarind is an executive apartment which is also meant service apartment. Anything sits on a commercial land is called serviced apartment but nowaday developer will used alot of creative names to attract young buyer. Perhaps u are one of the buyer who is still believe that this is a condominium.
I have also been told that it is under schedule h, which to my understanding the condo cannot be used for daily rental. Can someone confirm that the schedule h prohibits the condo from being used as a service apartment?
@Soulsearcher
It is under schedule H. We confirm that with their lawyers when we signed the S and P. Fool or not fool, it is for those that knows about this project to decide.
“Manners maketh man” you should learn some.
@Soulsearcher
schedule H is for service apartment. can turn it into homestay to earn higher return.
10 years ago 800k you can get terrace in straight quay
5 years ago 800k you can get quayside condo in straight quay
Now 800k you only can get the tamarind executive apartment in straight quay
I already miss 2 times opportunity for the project in straight quay
I definitely will not miss this boat anymore
Let the market decide
There are always top 3 criteria to choose a property
1. Location
2. Location
3. Location
You can have a thousand reason to buy or not to buy the property
But please share your idea with open positive mind
@Lol
Hi All, schedule H is a clause which is meant for residential and is protected by HDA but then the land purpose is meant for commercial. So this is definitely a service apartment And its not what u had tot earlier. Please google if u still think that your nearly a million dollar unit is still a condominium. This executive apartment is suppose to be built either for office usage or it can be soho, sofo, sovo or whatever name u want it to be. In fact, i am here trying to explained to those who have no knowledge about it. If this is really meant for residential why not they meant name it after a condominium and why are the assesment rate are in commercial rate?? There must be a reason right, jus google it and you will get your answer…
@Soulsearcher
There is no need to google because I asked the lawyers from them and she said it is under schedule H and they have residential house rules. It is only the assessment to be paid in commercial rates. The rest all residential.
However, like all residential projects whether the owners follows them or not is a separate matter altogether. Just like Brezza and quayside a lot of owners are doing home stays. At the end of the day it is about enforcements.
@Soulsearcher
Sovo, soho, soft etc they are not under schedule H
So, stop confusing people if your knowledge isn’t up to standard.
You are a joker, how can u compare brezza with the tamarind. Seriously u know nothing bout property dont act as one. Please do more homework instead of jus depending on others for the info. Your info can be very misleading, by the way i am a legal advisor.
@Lol
Yes agree
Give me 5
May be we think in another way
Why the owner want to use a nearly 1 million property to do a home stay
Or
Why customer want to rent a home stay where jazz hotel is just beside the corner
At the end of the day, how strict the rules is enforce is the most importance
The main article on this page clearly stated this project as service apartments .
Read the last sentence , “This development comprises two 33-storey towers of service apartments.”
The main article on this page clearly stated this project as service apartments .
Read the last sentence la , This development comprises two 33-storey towers of service apartments .
@yeahright
The last sentence is written by the admin of this blog page way before it has even launched or any info provided. So if their lawyers says it is residential with residential house rules. That should be the final say from them.
@yeahright
I think it is best for all of you to call the developer office up and ask them before speculating. I did the same and according to the developer it is under schedule H and will have house rules.
So I advise all the smart people here who provides all the wrong info to clarify it with the developer instead of thinking what you know is the right info.
Block A left 20 units only. The sales speaks for itself. Those who didn’t buy will have a thousand reasons for this and that.
@E&o
hotels rent out individual rooms daily , but service apartments rent out the whole unit of apartment with many rooms in it daily . Similar to Sri Sayang Apartment I think . See the difference ? Some tourists like to stay in a hotel room but some prefer an apartment .
No privacy , your neighbours would be different people each day , if rented by young tourists who likes to sings and play guitars at night even worst.
@Location
Landed properties fall under schedule G, but flats , condo and apartments fall under shcedule H, so service apartments fall under schedule H since they are a type of apartment to begin with.
What house rules ? Who set the rules ?
@Lol
I don’t think it’s difficult for the admin of this page to confirm first with E&O so that whatever info they have provided on this page would be accurate …. I would think the admin would at least make the effort to do just that before spreading any info here .
@Soulsearcher
You must be one lawyer Buruk or a con. I just verified with their lawyers it is under schedule H and under residential house rules.
It is not an office or soho or sovo or however you want to categorize it.
@Soulsearcher
I like what you’re saying, pls keeping it going, give us more info!
Huh, my intention is good here. Letz see what your lawyer has to say about the 6% of gst tax When april come. Thats is also the reason why e & o is pushing all the buyer to sign the SPA by before april in order to (help) the owner to avoid the 6% tax. Clearly and surely u guys are being mislead by ur lawyer. The house rules is definitely under HDA but then the land is under commercial and it can also be used as a Soho (Small Office House Office).Hey, we are having a healthy discussion here on the difference of a serviced apartment from the normal conventional residential condominium. Surely but sadly to said that this kinda of mentality do still exist, still could not accept what is really happening. Lolx..
I already sign the snp, snp is under schedule H. For those who want know the total carpark lot (Blk A + Blk B), i just can get & see the total lot no at ground floor level up to no.692, and level 3 up to no.521. So that u can calculate & estimate total carpark lot at tamarind
i just a estimation for total carpark lot
Ground floor – 700 lot
1st floor – 520 lot
2nd floor – 520 lot
3rd floor – 520 lot
total = 2260 lot for Blk A & Blk B
Property land with commercial title is hard to sell in future beside assessment is expensive.
Of cause most developers will say they will try to convert to residence title later on……
Just go to Elite Height @Bayan City blog site you will see many owners complaining.
@Soulsearcher
Again, GST 6% will not be included because it is a residential development. I asked them already. I even asked the banks whether they will be charging, they said it is a residential project so no. Since both sides are not charging 6% for GST I am not sure where you got your info from.
Tamarind is not under soho because I own a soho and it is not under schedule H. You need to study law again buddy.
Utilities residential but assessment is under commercial. That’s it.
@Ranee
It is under schedule H. Only the land is commercial. Everything else residential. This project is 95% sold in less than 2 weeks. It’s all about location.
@Ranee & Soulsearcher
I like what you guys are saying. Pls keep it coming, the buyers need to know the truth.
I have signed my SnP. The lawyer told me very clearly that service apartment is not allowed and everything follows residential except for assessment which is commercial.
Bought additional car park. Both car parks are on 2nd floor. My unit is facing Jazz.
So far did anyone get the highest floor car park ie 4th floor? Or are the extra car parks on the 4th floor?
@buyer
Ground floor car park for me.
@Soulsearcher
There is no 6% GST because it is under residential schedule H. Reason why E&O wants to sign before April because they can save on the stamp duty that they have to pay. The stamp duty is affected by GST but it is included in their package and purchase price already. Besides, the S & P I signed doesn’t state that I have to pay anything more than the purchase price stated on the S&P.
I spoke to my banker, they said the banks won’t charge GST for disbursement of loan in the future because it is under residential.
The lawyers are provided by the developer. Included as part of the package as well.
I think the higher floor you bought (more pricey), the lower floor your carpark at. Your 2 carpark at same floor, will not at different floor.
I bought >20th floor, and both my carparks at ground floor
your extra carpark (indoor) will follow your 1st carpark level. Unless you buy outdoor carpark it will be at outdoor gnd floor.
Tamarind,
May I know your unit facing where? Seems like many of you got ground floor. So nice.
Mine is facing Jazz so not sure which floor my car park. Thinking whether to buy covered or uncovered car park.
Just signed my S&P too. Confirmed with the developer that this is not a service apartment and they will have residential house rules. No GST as well after April but prices will increase for sure for block B. My car park is on the 1 st floor. So, don’t worry guys, those that bought already confirm will have appreciation by the time block B releases. Congrats.
Service apartment is exempt supply, of course no GST. But……
“The sales of service apartments is an exempt supply. Service apartments sold for residential purpose is not subject to GST. The GST treatment on secondary sale of the service apartment would depend on the design, usage or intended usage of the apartment, whether for
commercial purpose or for residential purpose. Service apartments used for commercial residential premises, rented out with central management, multiple occupancy, short term stay offering with services offered such as cleaning, laundry, telephone, utilities are subject to GST. However, the provision of long term accommodation which is provided to under a lease or rental agreement will be exempt.”
Also signed by SNP already.
Lawyer said no service apartment allowed. Told me very clearly.
Carpark on 1st floor. Bought extra covered car park. Boh pian… Nowadays better to have 2 car parks because Penang lang all drive. Not like in singapore can take public transport so easily. My unit Jazz facing above mid floor.
Got Facebook for tamarind buyers?
Service apartment is exempt supply, of course no GST. Since it is under commercial title and you pay higher assessment, you are allowed by law to do business with you unit.
my unit high floor facing Jazz, you can ask them which level is your 1st carpark located. If you have high floor carpark and don’t like it, just add another outdoor carpark at gnd floor lah.
Actually all of you are correct. Let me explain. Tamarind is a service apartment but since it is under schedule H and under housing law, majority of owners can enforce it for solely residential purposes stay and no home stay or short term stay by rental via AGM. Once management and committee passes this law then eceryone jave ro follow the house rules. Simple
So no worries. Not an issue at all.
Please drop your email if you guys want to join the Fb for the tamarind
Or you all can email me monkeygoaround@gmail.com
actually if someone wanted to turn his unit into homestay, the management really can’t do much. you might see a bit more action in the swimming pool or the gym only. no worries.
@hs
Like I said, if majority doesnt allow through 1st AGM. Then it is the rule everyone must follow.
Then again you are right. A lot of residential condo like brezza, quayside etc still have owners doing homestay. So it is all about whether the management take action or not
Gurney Park managed to get rid of the service apartment operators by taking one or 2 main operators to court. Of course the operator lost and they left. The management also tightened the access of entrances. So it boils down to enforcement. If majority owners don’t allow this to happen, it can be done.
@hosay
You are absolutely right
did anyone get 3rd floor carpark ? how E&O allocate the carpark ? anyone know ?
Is gurney park under commercial land similar to tamarind ? That’s the main difference that need to be looked into before buying it.
What does commercial land means , surely it must mean something different than an apartment sitting on residential land , so what impact, laws and regulations it will have to the property when it is under commercial land like that ? Why no one ask their lawyers about that before signing S&P ?
The unit is under residential title but the land is under commercial title.
Since the land is commercial so homestay operator can operate there la and no restriction can be imposed on the land itself from the coming and going of the renters daily .
Homestay means the renter only stay inside the unit and not conducting any kind of business in it , so it fit under residential tittle , is it not ?
Mine on 1st floor. Extra car park too. They allocate base on your unit so your neighbour’s carpark will be next to you. Extra car park will put on same floor but on first come first basis.
I saw someone posted above that he got 3rd floor. For his extra carpark, he decided to get uncovered carpark on ground floor. But bear in mind your car will be under hot sun/ rain.
Honestly speakin, this project will boom once STP2 materializes no matter what you nay sayers say. That is very soon in July. This is the Mount Kiara of Penang. So grab one and ride the wave
my unit is type C on 27 floor i got my car park and extra car park at ground floor too
tamarind facilities come with signature pool ,wading pool and Beach Pool it is listed on the S&P i singed today
Property is sold together with :
1. wall mounted split air-con unit to living & all bedrooms
2. kitchen cabinet with hob & hood
3. hot water storage to all bathroms
how about the mirror & shower screen at bathroom ??
The Tamarind is a service apartment according to city council. Can we ensure that utilities are charged at residential rates by insisting on having it spelt out in the s&p? Since if the developer is so confidently assuring all buyers verbally, they should not have any objections in having it in black and white.
For those who signed the S&P, did E&O spell out that the utilities are using residential rate?
@lil
Dont worry. Once you receive your S and P. The front page at the top will state schedule H. You should also know when you got your loan the banker would have told you it is residential. If it is a soho it would not be under schedule H and the banks for sure will charge GST but according to them they wont. Hope that clarifies your doubt.
Is gurney park under commercial land similar to tamarind ? That’s the main difference that need to be looked into before buying it.
What does commercial land means , surely it must mean something different than an apartment sitting on residential land , so what impact, laws and regulations it will have to the property when it is under commercial land like that ? Why no one ask their lawyers about that before signing S&P ?
The unit is under residential title but the land is under commercial title so since the land is commercial , homestay operator can operate there la. and no restriction can be imposed on the land itself from the coming and going of the renters daily .
Homestay means the renter only stay inside the unit and not conducting any kind of business in it , so it fit under residential tittle , is it not ?
May i know that already create the tamarind facebook ? temporary still cant find at facebook.
Those who have signed the s&p thinking that the apartment was not a service apartment thus screaming privacy really have made a grave and costly mistake …
The Tamarind is a service apartment and schedule H cannot be used to stop owners from turning the apartment into homestays. It is what it is and no one can change that . Homestay operators can and able to operate in a service apartment and no one can stop them.
So for those who screaming and dreaming privacy , there will be no privacy since all the facilities will be accessible to all the difference renters on a daily basis there .
Before you commit yourself to a very expensive move , better know what you get yourself into first la or else to back away is going to cost you lots of money and effort.
@yeahright
You dont have to worry about the buyers. Most of them existing buyers with 2-3 units around that area. Jazz service apartment also sold out. It is all about location. Besides many did mention of majority doesnt allow it, schedule H is a standard S&P contract. Just form a joint managememt body durong the Annual General Meeting and vote for it to pass it as part of the house rules.
So, it doesnt really bother the buyers because they know this is by E and O. They also know block B will be more expensive and they also know 10 years down the road this is going to boom because of STP2. Besides the packahe they provide for Tamarind is good. Not expensive. Removations with kitchen, air cons and toilet done up plus quality floorings cost around rm50k already. S and P legal also cost around rm10k already. So if my unit is rm700k 2 car parks. I minus off rm60k I am paying rm640k for an empty unit. For that location rm700k for the package is cheap. Walking distance to tesco. In the future an international school nearby.
besides this project will take 4 years. Freehold. Good buy.
@jack
Jazz is a hotel and not a service apartment, get your fact right la, don’t spread wrong info here .
Before this many kept saying the tamarind was not a service apartment not realizing how wrong they were, that meant many ppl got confused already , not good la buying something mistakenly like that no matter how good the location is no matter how many properties they already got since money doesn’t grow from tree so every cent counts and every costly mistake can only mean the money is burn if want to back away .
Since the Tamarind is a service apartment hence the law allows it to become a homestay, even if majority of the owners doesn’t allow it , what can the majority do ? The majority must follow the law and not interpret the law according to their whims and wishes .
The majority cannot simply come up with house rules that go against the law . Bear in mind that owners who want to turn their units into homestays can sue those who try to stop them because the law is on their side .
Those who want to have privacy better avoid buying a service apartment no matter how good the location is , plain and simple . You can’t turn a service apartment into any regular apartment no matter how hard you try to gang up on the homestay operators since they will have the upperhand . If you only own 1 unit there it will be hard for you to compete with the homestay operator who handle many units and have better promotional advantage.
If you want to turn it into ownstay, there will be no privacy , and there will be lots of disturbances from potentially noisy tourists, so good location alone but lack peace of mind cannot be said a good investment !
obviously all who buy this are investors, it will be another mid range condo with no owner occupier in the area.
Why worry whether it is investor or home owner. It is a free market, anyone can buy whatever they think is worth buying. Funny that so many people cares so much about what people buy when they themselves not buying.
it’s because sour grape mentality, maybe he/she miss the boat to buy…hahaha
residential or commercial, homestay or schedule H, do your own due diligence before commit, nowadays too many so called expert/guru/professional bullshits out there.
I am planning to get a unit for investment in this area and am torn between Quayside or Tamarind. Quayside RM1.1mil 1137sqft vs Tamarind RM1.1mil 1372sqft. Quayside has world-class water park, luxury condo and lower density, Tamarind – mid-range condo, high dense. But Quayside only one bedroom – which makes it hard to rent out to a family. Any advice?
Best comment so far…well done, by the way I think it’s about time for tamarinders to creat a personal FB page so that we can discuss more constructive topics over there.
Agreed. I want to join.
we already hv facebook “The Tamarind By E&O”
sour grapes or blessing in disguise, nobody knows. price already goes up a lot, all news pointing to a price correction, it is happening now as we speak.
@investor
Price appreciate or correct also u want to say. just like Winston said people buy you also want to care. Free market bro. So what if it goes up or down. It is 95% sold anyway. No one cares. Funny fella.
despite slumpy market nowadays… this project 1st tower already 95% clean sheet in 2 weeks! the statistics say it all
there are still a lot ppl with strong financial power waiting to whack this projects.
no joke, if you happen to see the buy buy buy scene, 30-60k cheque issued in just minutes. All the buyers well prepared.
@samwise
Whenever someone tells me “don’t buy/price correction coming”, I will ask them this simple question. “Have you liquidated ALL your properties in your portfolio?” His answer will tell you how much he truly believe in his own statement.
Anyway, I don’t believe in timing the market. Majority of us can’t do this. If we could, there won’t be so many people screaming for cheaper house prices from the government. Some of my relatives and friends have waited since the Lehman crisis time till now, and still no roof over their head. Have to stay with their parents. At that time, they could have gotten any mass condo at around $300-350k but they still wanted to wait for price to come down. Now they are forced to wait for their luck in getting affordable homes at $350k for smaller sf, and cannot even choose unit (ballot). They are still waiting to get called. Some even try to pay people to “help” get approve. They know if don’t get affordable homes now, they can’t afford private mass condos because they have been priced-out.
My motto is simple. When buying property, most important is you are happy with your purchase and it is something you can afford.
Do you all notice that Tamarind thread has more “concern” non-buyers hanging around? Why ah???
I am just happy to have bought into this development.
Do you all notice that Tamarind thread has more “concern” non-buyers hanging around? Why ah???
I am just happy to have bought into this development.
@hosay
I share the same sentiments bro
@samwise
price will correct itself when all investors try to flip after 4 years. most buyers here own 5-6 houses, they don’t buy tamarind to stay.
@investor
This Tamarind is like limited edition (affordable price tag + branded E&O) in this STP area to enjoy huge price / capital appreciation riding on the catalyst development of STP phase-2. This will be in long 5-10 years timeline (not for short term flip upon OC), and I bet the buyers will let go their other properties in some saturated places before letting go this Tamarind.
This STP is one of the 4 top development in PG island. Namely STP , The Light (by IJM), Penang World City (by Ivory+Tropicana), Southbay (by Mahsing).
However I only look-up on STP and The Light as their developer really has the capability to materialize the projects.
PWC and Southbay, I have no comments…..LOL
@joy
3k monthly interest charged on a 700k loan can easily force buyers to flip instead of waiting another 5-10 years for capital appreciation. you are expecting the price to appreciate more than 5% a year to break even. you will see some buyers here “willing to let go their units for a fees” soon…
5% appreciation per year ONLY? hahaha I am expecting more than that, we shall see in 4 years down the road.
Again, this Tamarind is for serious investor / foreigner. I see those foreigners buy without much thought, thanks to our RINGGIT depreciation.
For those investor-wannabe that don’t do their homework well, follow herd mentality, and no back-up gameplan, I would say good luck to them. Gone the good old days where we have DIBS, flip upon OC, blindly buy blindly earn. No more!
investor> u r right in some ways, it just take a few jokers with no holding power to throw their unit at a discount to start a snowball effect. but since RPGT is in place, buyers are more mentally prepared to hold which could avoid such situation.
joy> ppty investment is not a one way direction up. it just happen that there is no property bubble in malaysia before as properties are very lowly priced before and during the financial crisis in 2008. Though I dun see property prices coming down anytime soon, it will be certain that there will be lesser transactions and price increase will be more gradual and realistic.
Frankly, tamarind is not targeted at foreigner market now, more on local. Foreigner min purchase is 1 mil for condo. Also, foreigners are more willing to look at subsales market for investment unlike penang people who has a much higher preference for new development only. In today market, foreigner will look at the smaller quayside 1300sqft unit if their budget is close 1 mil.
Sadly, if most buyers for tamarind are investors, this may be a concern. Buyers for own stay are the real demand.
joy> in my opinion, if looking for capital appreciation riding on STP2, a landed ppty is more practical. Land appreciate over times, the building structure depreciate over times. Once STP2 is ready, the projects around STP1 will be considered old projects then.
Just ignore all these negative people. All tamarind buyers will know that their appreciation will be at least rm200-300K. I bought the tamarind and dont plan on selling it. Jist wait for STP2 to materialize. These people care so much about what people buy. Really sour grapes. Didnt buy but one thousand reasons to give. Really funny fellas.
No one stopping you from buying land if you want to.
haha tamarind is a good buy la. anyway now the trend in penang, whatever ppty also will go up, just a matter of how much only.
i agree with searching, capital appreciation landed is better but tamarind is more affordable and has a bigger market and more demand. Majority cant afforded landed in these prime area.
No point arguing. Those already signed snp – no turning back. Those decided not to pursue also have your reasons. It all depend on how long u can hold and your view of future mkt and foriegner’s willingness to buy tamarind over other project etc. we will know who is right after 4 years. Just go for what u think is the right then sit back and relax…
Welcome to join our facebook group “The Tamarind By E&O”
I already signed the snp, i didnt calculate after 4 years can earn how much ? Just hope that developer E&O can built The Tamarind “Sui Sui”, provide good finishing, provide all quality material, nice landscaping…