Areca @ Penang

November 6th, 2015 Leave a comment 中文版

areca-penang

Areca @ Penang, an upcoming mixed development by Titijaya Group in Batu Maung, Penang. It is strategically located next to Penang second bridge. This is the Group first’s acquisition and development outside of Klang Valley, with an estimated GDV of RM2.6 billion.

The 20.3 arce parcel of land will be developed in multiple phases, and is expected to be completed by 2023. This development consists of the following components:

Residential

  • 25-storey condominium (299 units)
  • 33-storey condominium (575 units)
  • 37-storey condominium (503 units)
  • 37-storey condominium (359 units)

Commercial

  • 3 blocks of 36-storey serviced suites
  • 1 block of 27-storey serviced suites
  • 1 block of 5-storey shop offices
  • Multiple level of shop offices (92 units)

More details to be available upon project launch.

Project Name : Acera @ Penang
Location : Batu Maung, Penang
Property Type : Mixed development
Built-up Area: 750 sq.ft. – 1,100 sq. ft.
Developer : Titijaya Group

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(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

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Categories: Batu Maung Tags:
  1. mahsing
    March 23rd, 2015 at 10:15 | #1

    confirmed leasehold

  2. Baisu
    March 23rd, 2015 at 11:15 | #2

    Interesting location. 800 or 1200 PSF? :)

  3. JS
    March 23rd, 2015 at 13:17 | #3

    so how much psf?

  4. Ly
    March 23rd, 2015 at 13:17 | #4

    Price range?

  5. leex
    March 23rd, 2015 at 13:21 | #5

    at industry zone, mau cari makan susah! good for those working near there, freehold or leasehold?

  6. jamie
    March 23rd, 2015 at 13:38 | #6

    Very much depending on the success of Southbay mall. The sea view is good though.

  7. david
    March 23rd, 2015 at 14:04 | #7

    Price below 500k will be good

  8. danny
    March 23rd, 2015 at 14:39 | #8

    good…good…build a lot, flood the market with new homes, see how long speculators can tahan.

  9. Dean_Hari
    March 23rd, 2015 at 16:50 | #9

    Leasehold, min built up 500sft

  10. david
    March 23rd, 2015 at 17:05 | #10

    Leasehold, 500sqft?…I’m out

  11. Josh
    March 23rd, 2015 at 18:42 | #11

    Why leasehold??

  12. Jeju99
    March 23rd, 2015 at 21:25 | #12

    how you know it is leasehold?

  13. GOH
    March 23rd, 2015 at 22:55 | #13

    Yes, confirmed it’s leasehold.
    Read on news paper.

  14. suck
    March 24th, 2015 at 00:32 | #14

    leasehold .. cannot buy

  15. spitfire
    March 24th, 2015 at 00:51 | #15

    The state would be making an announcement regarding leasehold soon. The announcement would make leasehold as good as freehold. The aim is to flood the market with homes, regardless freehold or leasehold, so that the speculators would be cornered, especially those with no holding power with properties in sub-prime locations. Speculators beware, you’d better off load your properties fast before things get worse.

  16. leex
    March 24th, 2015 at 12:41 | #16

    haiz…leasehold, later developer will say can change to freehold by purchasers, but see 1 World, kena liao lor, residents fight until press conference put can not change…developer really like to lie whatever to sell their project.

  17. jeff
    March 24th, 2015 at 13:42 | #17

    leex :haiz…leasehold, later developer will say can change to freehold by purchasers, but see 1 World, kena liao lor, residents fight until press conference put can not change…developer really like to lie whatever to sell their project.

    halo fren, resident fight is becoz commercial title issue, MPPP charge them very expensive cukai taksiran. Not becoz leasehold convert freehold issue lah.

    when you buy leasehold, don’t think about convert to freehold. when you buy condo with commercial title, please be prepared the cukai taksiran will be expensive.

    The main point is, when making property purchase, set your expectation right, don’t dream this dream that and fall into developer’s sweet trap.

  18. saul
    March 24th, 2015 at 14:45 | #18

    So far leasehold projects give good capital gain, look at 1-world and summerton. As long as location is strategic and price is right, i don’t think it matters.

  19. Lousy
    March 24th, 2015 at 15:30 | #19

    Sub-sales for leasehold projects such as 1-World and Summerton are not easy
    to sell. Leasehold projects are just as good as dead.

  20. jeff
    March 24th, 2015 at 15:50 | #20

    Lousy :Sub-sales for leasehold projects such as 1-World and Summerton are not easyto sell. Leasehold projects are just as good as dead.

    so what about freehold projects in shitty location? that is dead dead dead too..

  21. saul
    March 24th, 2015 at 16:10 | #21

    @Lousy

    For 1-world, most of the subsales already transacted upon OC, you are actually looking at second subsales now. Asking price for Summerton $1.2M, not affordable for most.

    The occupancy rate is very high compared to many freehold projects.

  22. Lousy
    March 24th, 2015 at 16:18 | #22

    @jeff

    Which place with freehold projects is considered in shitty location?

  23. ds
    March 24th, 2015 at 16:55 | #23

    @Lousy

    Kelantan?

  24. spitfire
    March 24th, 2015 at 17:11 | #24

    The state will be announcing an auto lease renewal mechanism soon. It applies to all state leasehold land state-wide. Stay-tuned.

  25. Lousy
    March 24th, 2015 at 19:09 | #25

    ds :
    @Lousy
    Kelantan?

    We are talking about Penang area not Kelantan.

  26. Lousy
    March 24th, 2015 at 19:12 | #26

    @spitfire

    Why not you say state leasehold land will be automatically converted to
    freehold ? What is this renewal mechanism ?

  27. penang
    March 24th, 2015 at 19:47 | #27

    Anyone can give me sales galery contact number?

  28. Goppal
    March 25th, 2015 at 00:21 | #28

    alamak this is developer is from Selangor… their projects near my house in Subang Jaya… most of their project and units sell to bulk-buyers for secondary properties… then sell to people to rent out to college student taylors inti and sunway and more…. this kinda developer i dont respect… greedy bastards…. klang vallet is full of such developer… this titijaya is now trying their luck in Penang…. i almost bought their properties 2 times… thank god i saved myself… one was ‘first subang’ soho in SS15 and then the other is ‘Subang Soho’… thank god i changed my mind… later i went to their property to visit my friends… super lousy condition…. lol….

  29. mahsing
    March 25th, 2015 at 08:47 | #29

    This project not open for sales yet.

  30. Pg Lang
    March 25th, 2015 at 10:43 | #30

    wow didnt know people still have out-dated thinking regarding Leasehold properties. 1 SKY, 1 World, Summerton, etc all out-performed other properties in their area in terms of sub-sale demand and capital appreciation. 1 SKY and 1 World now mostly are on 3rd sub-sale hence less supply already. Almost all condo projects in KL are Leasehold and Commercial titled. Penang is just doing catching up with the trend. This is speaking from personal experience as past owner of leaseholds properties in Penang.

    People who think otherwise must be kidding themselves.

    The main point to buy a property regardless of leasehold or not is location, location and location. Full stop.

  31. ren
    March 25th, 2015 at 11:31 | #31

    @Goppal

    the price in subang already doubled.. i think you regret for not buying then.

  32. Lousy
    March 25th, 2015 at 11:36 | #32

    Nothing good or reason to justify so the only way out is to say ” out-dated
    thinking “.

    Do you guys think like ” out-dated thinking ” using the left side of the brain
    only ?

  33. Josh
    March 25th, 2015 at 17:41 | #33

    I think era crazy buy already over, the developer need to show the unit value > price 😉

  34. Goppal
    March 26th, 2015 at 01:12 | #34

    @ren
    i dont regret at all…. i bought other property by ijm both in P.J and Penang… price appreciated much better… and im not a person who simply buy property due to greed for money like most of you all….

  35. Agent
    March 27th, 2015 at 09:14 | #35

    Lousy :
    Sub-sales for leasehold projects such as 1-World and Summerton are not easy
    to sell. Leasehold projects are just as good as dead.

    Hey Lousy, sub-sale for 1-World already long time ago sold…left only few units from owners either letting go now or 3rd hand…for condo high demands usually start during OC time…after some time demand will go elsewhere either due to very little choice left or new projects getting OC like Elite Height…so please don’t post uneducated opinion…thank you

  36. Lousy
    March 27th, 2015 at 09:55 | #36

    Hahaha……..long time ago ? Just admit it.

  37. Go4mainland
    November 6th, 2015 at 15:24 | #37

    Leasehold vs Freehold is forever a topic in Penang.

    Whenever we cannot afford landed freehold property, den we changed to leasehold property.

    The truth is freehold landed property is ahead of leasehold property if the location is the same for sure. freehold 1 storey terrace in bayan baru can go exceed 1 million while leasehold stays around 600k. Thats the proof.

    For condo or apartment, location comes first regarding leasehold or freehold. This is because the choices are a lot in the market regarding leasehold and freehold. My 2cents

  38. Lim
    November 7th, 2015 at 19:56 | #38

    What I will say is too much housing project at that area. Now supply are too much compare to demand.

  39. jack
    November 9th, 2015 at 14:44 | #39

    leasehold or freehold..this keep thinking if you want. Now days it is very hard to get a freehold property especially in prime area. Of course freehold will have some advantage but it will sell at higher price as well. Reclaim land like Seri Tanjung Pinang (tanjong tokong), Persiaran Karpal Singh (sungai Pinang), Jeti Pantai Jerejak and some other place normally facing the sea are leasehold area..and this are prime location…so keep thinking who want to think about it. Don’t be too late to make your decision

  40. D
    January 1st, 2016 at 21:43 | #40

    Condo leasehold ok lar… 100yrs old condo u want stay mer… even 50yrs condo also mi liao..

  41. Roy
    March 24th, 2016 at 10:34 | #41

    What do u all think if compare this place which surely will be high end condo with leasehold title vs freehold luxury condo at sg ara by asia green (the clover), ideal vision park, fierra Residence etc?

  42. andy
    February 20th, 2017 at 10:50 | #42

    Admin got any update on this project?

  43. BYG
    April 9th, 2017 at 07:35 | #43

    There are few pilling machines working on the site just after the exist from Batu Kawan to Batu Muang. Not sure if under this project

  44. lim
    January 12th, 2018 at 18:23 | #44

    pls email detail. thanks

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