Billy Lee :
Difficult for sub sales now…..if can afford…better hold and just rent out…..or else be ready to earn just a little or maybe break even… worse….. lose money…..so sad….

Please keep yourself sad as long as possible as the price wont be coming down.. Please crying as well if possible

@Billy Lee,

Why say so?

@Ref_Owner
Genuine buyer. Can email me more details, also plan to view your unit.

Can I check with all buyers here, what was the interest rate u manage to get from bank for Reflections?

I got only 4.15. Any better rate?

@CPLow
4.15 is good. Which bank and type of loan? Need to borrow how much to get this rate?

@Doreen
Tiger bank. Conventional. 70% only.

I have a 3bedroom unit for sale (just collect key)
1260sqft midfloor, come with 1 car park lot.
interested can email me at offspring_ck@hotmail.com

I went to reflection. The facilities is very good and design is elegance. But some how each floor corridor is very dark. Design on the corridor is exactly like 1 world… looks like normal flat… The plus point is.. the security guard very good, checking each person that going in, and the city view is good.

@onered86
That will happen if it is high rise condo with units on both sides and not enough open void on the each side of building. Those vertical void is not enough sunlight for middle and lower floor units. That’s why I prefer high floor units for this type of high rise building, or at least choose corner units, or unit just beside corner units.

The corridor is not that dark actually, sufficient brightness for me.., make it cozy along..
SPsetia really investing alot of $$ to renovate the interior building & the Lobby as it will be a benchmark for the rest of their upcoming project. Two tumbs up for Reflections..

Anyone started renovation already? Any good contractor 2 recommend? Planning to do the following:

– kitchen cabinet
– tv cabinet
– built in wardrobe
– plaster ceiling with downlights
– fresh coat of paint

Any estimation?

Tks in advance

I hv 1 low zone unit facing tri-angle/direct above the swimming pool.
One car park. Urgent sale. 590k nett
1260sf
Basic developer unit

Seems a lot of ppl going to sell their unit, all bought reflection for investment purpose….?

CPLow :
Anyone started renovation already? Any good contractor 2 recommend? Planning to do the following:
– kitchen cabinet
– tv cabinet
– built in wardrobe
– plaster ceiling with downlights
– fresh coat of paint
Any estimation?
Tks in advance

ya…i need 1 too..anyone have the picture of the showroom?the sales person told me the showroom is close so cannot get an idea of how to reno.Kindly pls pm me.10s

CRZ-guy :
I hv 1 low zone unit facing tri-angle/direct above the swimming pool.
One car park. Urgent sale. 590k nett
1260sf
Basic developer unit

Please Provide contact @NiceView

@NiceView
Email me if interested; pokokangsana [@] gmail [.] com

Midfloor 1 carpark
Facing SP Setia Residence
Owner unit, no broker please
d.nilus@yahoo.com

So far any gangster contractor in this condo?

@coffeebean
There are no gangster contractor for all SP Setia project as far as i know.

@Reflec

Are you sure that there’re no gangster contractor?
By the way, I’m one of the owners of Reflection as well.

@jin
if you troubled by gangster contractor there then may be can just tell some details so that other owners can counter check.

@Neslo

I noticed that recently there is an indian guy requsting several contractors to pay him money for bringing in raw materials to the building. This only happens recently and u can also see their banner up on the outisde wall of the building. He even wears a SP Setia T shirt!. U can find him there mostly on weekdays.
Those that started thier renovation earlier are lucky as this guy only started to be around early this month. Ive tried to talk to SP Setia Customer care manager, Eric but he seems not to be doing a very good job to sort this out.

@jin

Pay with premium price still got gc? SPS police only for landed?

I hate gangster contractors. Real blood suckers.. SPS please act or your brand will be tarnished badly.

What can we do about these gc? They practically “own” the land!

Heng :
I hate gangster contractors. Real blood suckers.. SPS please act or your brand will be tarnished badly.

Complaint to the HQ better, this GC is team up with local SP group. Both share 60/40

This is too bad!!
Branded developer with more than half-a-million condo also allow GC. Disappointed.

yeah, this is really a bad reputation for SP Setia, especially since this is their 1st condo in Penang. It seems that their Customer Relations manager does dot have the capability to handle this
gangster issue

Central Park get rid of the gangster contractor problem by lodging mass police report. Looks like no different buying SP Setia projects and Goh Choon Aun’s project, regarding the GC problem.

Ive completed my renovation without any issue. Some fools really like to create story here.

Ive completed my renovation without any issue. Some peoples really like to create story here.

there is not GC showhouse in Reflections. There is no GC so far force the owners must get renovation through them. Only heard got gangster asks contractors to pay some money by bringing raw material into condo. Some owners complaint to SPS and those gangsters back off. Maybe got some owner “chicken out” then continue let their contractors to pay. Most people didnt encounter anything and their units already completed renovation. That is what happens.
So, dont be chicken out. Chinese like to be chicken out so they always get bullied by gangster compare to other races.

Hi, I’m interested to buy your unit but with price negotiable around 630K-640K if possible, please provide me the details. Thanks.

Hi, I’m interested to buy your unit of Reflections Condominium, please provide me the details. Thanks.
@Ref_Owner

@Ref_Owner

Hi, I’m interested to buy your unit but with price negotiable around 630K-640K if possible, please provide me the details or send me the email. Thanks.

Email: simple _33@hotmail.com

@Ref_Owner

Sorry for the corrections.
Hi, I’m interested to buy your unit but with price negotiable around 630K-640K if possible, please provide me the details or send me the email. Thanks.

Email: simple_33@hotmail.com

Hi all owner, I’m a serious buyer to own a house for the stay, please provide me the details if you want to sell your unit via email, prefer direct owner, no agent please. Thanks.

Email: simple_33@hotmail.com

Simple :
Hi, I’m interested to buy your unit but with price negotiable around 630K-640K if possible, please provide me the details. Thanks.

Sorry for the corrections. I couldn’t afford 630K for a unit there, my budget is less than 630K. Thanks.

Hi all owner, I’m a serious buyer to own a house for the stay, please provide me the details if you want to sell your unit via email, prefer direct owner, no agent please. Thanks.

simple_33@hotmail.com

I find the road towards this condo very dark and quite eerie at night. Plus there are many foreigners staying nearby. Not sure if this will change later. Not sure if i should buy. Any comments?

@ezalor
As you mentioned, the gangster contractor asked the renovation contractor to buy raw materials from them and I noticed the renovation price quote is much more expensive compare to the renovation of another subsale house (definitely no GC). May be some SP Setia buyers already get used to overpriced thing (or lazy to survey price and go to monitor your renovation) and OK with it. Then it is own choice to believe.

jinnie :
@ezalor
As you mentioned, the gangster contractor asked the renovation contractor to buy raw materials from them and I noticed the renovation price quote is much more expensive compare to the renovation of another subsale house (definitely no GC). May be some SP Setia buyers already get used to overpriced thing (or lazy to survey price and go to monitor your renovation) and OK with it. Then it is own choice to believe.

You are so wrong, as there is no restriction on using any appointed contractor or what so ever, the only thing is some rascal is asking for $$$ for raw material which has been disputed. There is no gc on this premises.

I am helping my cousin sell his tenanted unit in Reflections. If interested email me.
Selling Price : 600K
Car Park : 1
Zone : Lower Zone
Facing : Setia Triangle

Tenanted for 2 years effective 1st September 2013. 3K per month. Partially furnished. She is an expat doing Geological Research in Penang for a private contractor for 3 years.
No agents please. Only genuine buyers.

ck.lawrence@yahoo.com.my

Hi all owner, I’m a serious buyer to own a house for the stay, please provide me the details if you want to sell your unit via email, prefer direct owner, no agent please. Thanks.
kirubagari_85@hotmail.com

@buyer123
buy from CK Lawrence lah. He just posted for sell with only RM600K less than 20 hours ago. Don’t you read, or you are helping to goreng the price?

@CK Lawrence

Just curious, if your cousin bought this condo 3 years back, he/she can easily use the rental to cover the loan plus RM1k side income. why want to sell with such kang tao?

@coffeebean

He didnt buy during launch. He got a released Bumi unit which was slightly higher already. He is offloading now to secure a loan for above 1 mil for a shoplot in Kulim. According to him the yield is better for shoplot. Thats all.

@CK Lawrence
wow, shoplot worth above 1mil in Kulim! must get more than RM5k rental monthly.. where is the shoplot? I also want to buy it rather than this 600K condo.

@Mad Not sure of the project and details. The developer is his friend and he has booked a corner unit. That’s all I know.

@Dorreen,

Please email me at huining.teoh@gmail.com. Thanks.

Anyone has completed the Reno? Can help to share the contractor’s name?

@Reflection_Condo Can owners ignore the rascal that restricts buying of raw materials? Usually gc operates this way. Will he cause problems to outside contractors?

Contractor :
@Reflection_Condo Can owners ignore the rascal that restricts buying of raw materials? Usually gc operates this way. Will he cause problems to outside contractors?

So far our contractor didnt facing the issue as mentioned.

@Reflection_Condo
Mind to share ur contractor’s name and contact? TQ.

I’m looking owner that want sell unit 10 floor above 2 car parks or more.pls email me hoelily619@gmail.com
no broker or agent..

was around the vicinity just now … saw 3 policemen ronda-ing around the area and inside the condo too…
asked the contractor, and so far he mentioned that he is not facing any problems…

@Cww

You may call Mr.Tan, 012-4855008

I m buyer,owner who wanna sell out their unit above 12 floor. Pls email me kyliechew@hotmail.com

Reflection_Condo :

Contractor :
@Reflection_Condo Can owners ignore the rascal that restricts buying of raw materials? Usually gc operates this way. Will he cause problems to outside contractors?

So far our contractor didnt facing the issue as mentioned.
</blockquote

ya so far so issue…the GC only put banner outside reflection, beside guard house……at least they r not allow to setup table near lift stopping other contractor to go in…consider not bad alr compare to other project nearby………nothing is perfect……

anyway this GC issue come out in the guang ming newspaper again today……

ww.guangming.com.my/node/176233

@Reflection_Condo
Thanks. He provides ID also?

anyone want to let go north east unit with 2 car park above?
email me hoelily619@gmail.com

Hey. I am an interested buyer to purchase a unit above 14 floor intermediate unit facing SP setia houses for 630k. Please contact immediately jess_denya@yahoo.com. Really interested to buy as soon as possible.

Serious buyer looking for 1260sq, 2 car park.
Please contact me if u have unit available. No agent please.

hwang2409@yahoo.com

which facing is the best for Reflection condo for 1260sq – North East or South West ?

I would like to sell my unit with 635K

Midfloor with 2 carpark
1260 sq
Facing Batu Maung

Any interested buyer please contact me yk_tan2000@hotmail.com, no agent please

@Penny
@YK
can you both do “matching” by your own? By the way, Lawrence CK is selling cheaper with 600k only.

@CK
North East facing grave yard. South West facing sunset. Up to your preference.

@heehee Sell already wor. Buyer paid 1% and signing SNP on Tuesday.

@CK. i think both side got pro n cons. i bit lost direction in term of north / south but one side is facing sp triangle but if u got high floor that will have nicer view with airport n nicer beach view. not sure if the unit will be hotter or not due to sunset. for the other side facing sp landed hse. my unit is this side but corner so i still can see the airport n second bridge view but not the nicer beach. and i guess at least intermediate beside my unit can see second bridge as well. for the graveyard is quite far and for me i dont really notice it. not sure because i already set my expexation the worst on graveyard visibilty when bought last time.

I have a unit at the Reflections to rent out or to sell. Details as follows:

Built up are (sqft) – 1512
Level: 7th Floor
No. of Bedroom & Bathroom
Bedrooms – 4
Bathrooms – 3
Unfurnished
Carpark Lots – 2
Price: RM 900,000.

Interested please email me at mahesanpa@gmail.com.

owner want let go pls email me nickson215@yahoo.com
no broker or agent
Prefer unit 1260 sq.ft with 2 car park.

I plan buy 1 extra car park,anyone owner want to let go car park?
Pls email me hoelily619@gmail.com.Tq!

1260 sq feet, Low Level
Facing SP Setia houses
No broker or agent please
d.nilus@yahoo.com
016 424 22 11

Owner Selling …
1260 sq feet, Low level
Facing SP Setia Houses
1 carpark
No broker or agent please
d.nilus@yahoo.com
016 424 22 11
680k negotiable

@Lynn
bank valuation only RM560k you are selling RM680k, good luck to you !!!

@WW
sometimes the house owners more greedy than developer, demand more than RM150k profit on subsales.

Both of you ww and ufo must be new in here.. Cant be help.

Actually some banks value even lower for that area. Depends on which bank you ask also. Many now aiming township area such as bayan baru area due to new commercial centres and new chinese schools coming up.

Valuation should be from professional valuation agent and not bank.

Well… bank has the final say don’t they? Just sharing..

Ya but quite odd for bank not to refer to actual valuation. Valuation of reflection should be more than RM600k.

Speculators are now shivering. Demands for subsale have drop significantly, and only those in great areas ( tanjung tokong etc) need not worry. Bayan Lepas engineer level speculators are shaking now, haha.

When people ask me where and what should I buy now. My advice is condo @ tanjung tokong ($1m+) or Landed property at sungai ara or Batu maung ($1m)

Cww :Ya but quite odd for bank not to refer to actual valuation. Valuation of reflection should be more than RM600k.

Few factors that banks will not refer to the valuation:-
1. The capability of the borrower should not loan more than the limit. Therefore, bank will discount on the value.
2. Most of the valuation variance among the valuer will be +/- 10%. (you can try to ask around and see).
3. BNM is tightening the household debt now. (You can test the bank by quoting you want to borrow money). –>All these are actual facts.

Therefore, the subsale market will be soft unless a lot of them are cash buyers…haha…

@Hai
Agree if we are referring to loan but house valuation will be the same.
Of course everyone would prefer to stay near the seaside but if you are working at the south part of the island, you will think twice thinking about the traffic.

I m irect buyer interested to buy -2car park pls call 0124779103

@Cww
I was working in factory…and stay in Gurney park condo..No issue.

tanjung tokong good area, but not on the reclaim land or leasehold in penang. no one knows when ll tsunami or big earth quake ll coming again. technology was good but its nothing when some earth elements hit u chances on reclaim land ll getting higher chances to collapse.1 more time tsunami again i guess all sri tanjung pinang (s,quay)onwer ll panic.
same as 8 gurney building not stable , even it drop prices to 2millions, very few ppls ll move in to stay in there.u never know when ll it collapse.

I am direct owner of Original Corner unit 1512sq ft
4 CARPARK
High Floor nice view…. airport with flight landing a nd take of view. Beautiful sea and hilly green. and also SETIA bungalow view
facing airport, sea and show village…..
asking rm930k nego

Interested buyer pls email# ladywan7@gmail.com or dianatan22@yahoo.com

Hi guys !

Does anyone want for renovation ? I got a company can intro. The price you can compare with others too!

Do not hesitate to contact me. Just email me, chester_0317@hotmail.com

Thanks guys!

Hi,
Agent brought me to the site to see some units which for sell. At first, i was impressed by the tight security check/design at the guard house but I saw a Indian guy setup up table, chairs in front/outside of the main lobby door & sit there.

Last Wednesday afternoon.

Is that GC? any real, genuine owners who live there can confirm?
I don’t think he is security guard as he don’t wear any uniform as others.

They are there selling sand, bricks, stone and trash cleaning service, is not compulsory.

@future
You are right!

URGENT SALE – RM 630K Nett
1260 sq, 5th Floor
Facing SP Setia Bungalow Houses
1 carpark
NO broker or agent please
630k nett
Contact 016 424 22 11
or
Email d.nilus@yahoo.com

@Lynn

Wow Lynn, your price drop 50k within a few weeks time. Really very tough subsale market now.

@pgkia
you may see more & more cheap subsale end of 2013, many greedy owners still set very high price to earn more profit, when new buyer approach bank loan, mostly rejected because overpriced property & not qualified buyers. Many condo in Penang buyers bought for investment, soon they will know what is meaning of ‘economy recession’.

already factor into the renovation price by your contractor.

Reflections2 :
They are there selling sand, bricks, stone and trash cleaning service, is not compulsory.

@pgkia
1260 sqft with 1 car asking RM680k not realistic at all. Even RM630k also hard to get buyer, unless set to RM600k.

@ezalor
Fully agree. And with a rental yield of less than 2%, who would want to be the subsale for investment. Unless the buyer is desperate for their own stay.

Im looking for Corner unit with 4rooms.
Any owner wanna sell, please prom me.
(DIRECT OWNER PLS)

Thank you!

Frankie
frankielim188@gmail.com

@Frankie Lim
How much you are willing to pay? Those seller still have some holding power left. Why not wait next year when they are left with no option but to sell cheaper? No tenant, no buyer for one year, i guess a lot of those engineerkia cannot tahan 1 year

@May Kuan
Agreed. Especially those engineers who have no holding power.

Looking for a unit with 1512sqft with budget less than 750K.
Anyone wish to sell, pls contact me at eva.jort@gmail.com

Thanks

@evaong
You must be joking. Just contact any agent in iproperty, and many are willing to sell you their 1512sqft unit at 750k. I was offered 700k, but i insisted they lower down to 650k. Anyway, money is on our( buyer) side, so i dont mind waiting.

JT :@evaong You must be joking. Just contact any agent in iproperty, and many are willing to sell you their 1512sqft unit at 750k. I was offered 700k, but i insisted they lower down to 650k. Anyway, money is on our( buyer) side, so i dont mind waiting.

750K there are many other projects good units and better location compared this piece of junk. This buyer must be fake to create a fake demand, good work sunny boy but better luck next time. wait till next year it will come down 600k

@shanker
Sungai ara condo..having a real hard time to get buyer…due to the location and stay near FTZ. If the condo alocate at town area example like Georgetown,tanjong tokong..pulau tikus and gurney drive..We will never have this kind of issue because demand to stay at town area is high rather than sungai ara..All the condo at sungai ara sure have hard time to sell..

@WK Chan

Any affordable new project in tanjong tokong, pulau tikus and gurney drive which is good for investment?

@JT

Is it? i just visited few units at Reflection. All wanna sell between 790-850K for the bigger unit with 2 cp.
So, thought wanna ask is anyone wish to sell their 1512 sqft unit for less than 750K.
Lucikly u highlight to me. Then i should wait & look for even lower price than 750K, am i right?

@evaong
There are two senario here. First, alot of agent mark up the price so that they can get the difference. Another is naive engineer investor who tought they could simply jack up the price and waiting for some “water fish” to falls into their bait. Usually this type of engineer you can see in mudah website. Haha

@JT

i just visited the iproperty & mudah website. Many ppl want to sell their reflection units now, really long list. Those who bought only meant for sub-sales??

Here is my view and I am not an investor, a lot of properties investor nowadays are all group buyer. Mean they have better holding power since many people sharing the burden. So if you are hoping after a period that they will drop the price, it is quite unlikely. Of course, for those single investor, they will be looking for quick sales to earn some money. If you are lucky, then probably you will catch a gold fish. But then again, if there is a gold fish, then it is likely there is another group of investor looking to catch this gold fish as well.

My advice is, if the price is right for you and you are looking for place to stay, go ahead and buy. And before you buy, always check with the bank on this property value. Then you got an idea how much this property worth.

@elnino
Since when the investor can suddenly become the gold fish? Its usually those investor who think the buyer as their fish. Also, this greedy investor wont share for cheap purchases such as Reflection. They will only share for higher price purchase. So our point is not valid. Just scroll up above, some even reduce their price by 50k within a few weeks time. This only show you that the so called investor which is mostly engineers are shivering in their pants right now. The longer they hold, the more they loses out, due to loan interest and management fees. And furthermore, Reflection can be regarded as high density apartment, and there are tons of seller.

@JT
Sungai ara condo..will be struggle for subsale..Not easy..Condo is alot right now..currently market price for 1069sqf for this condo was in range of RM590k to 630k depend on hw many car park and condition. This condo confirm have hard time in subsale market..

observed last since month subsale market affected badly, the new property pick up bcos of DIBS, debate, discount and also due bulky purchased by speculator club. Speculator businessman are very active nowday organizing seminar to attract more ppls to join this group, very high fees pay for seminar course and later part involved membership fees and very high profit or rental return rate are promise by this group.

@lai
Invest city/Town condo better rather than this area sungai ara…relau…Very hard to sell in subsale market..less demand still…Too many choice already also..

@evaong
Agree..Full of page with many unit in market..Many unit can choose from..Can i say in conclusion is this condo most buyer is purely investment and looking to earn so fast money? They are making this condo look cheap..

1000 sqf launch price = 320k, now asking 520k = bloody internal staffs
1250 sqf launch price = 400k, now asking 650k = ridiculous engineers
1500 sqf launch price = 500k, now asking 900k = day dream pao sellers
what is the selling price now ? > 200k++ on top of the price, why want to let the people gain the profit when you can place order in new property and wait for next 3 years ? let them felt the pinch on their butt

1000 sqf launch price = 320k, now asking 520k = bloody internal staffs
1250 sqf launch price = 400k, now asking 650k = ridiculous engineers
1500 sqf launch price = 500k, now asking 900k = day dream pao sellers

what is the selling price now ? > 200k++ on top of the price, why want to let the people gain the profit when you can place order in new property and wait for next 3 years ? let them felt the pinch on their butt

@CK B
Thats right..Reflection is not worth to buy anymore..full of speculator and joker…SVP still the best as the location is farlim more..on middle class ppl stay…more convenient

@CK B
You sum it all. Thats why when they offered me rm700k for a 1500sqft unit, i refuse and demanded they reduce to rm650k. It seems that this jokers are still holding on and dreaming. Lets see after 1 year if they still have the holding power. I heard a few factories is cutting jobs, see how it goes then , since i am in no hurry of buying a second home. I forsee a lot of unit will either sell cheaply or at auction comes next year, if no water fish bite their bait.

south bay selling 1.6mil for seeing sea view, i still see, reflection is a good condo~
650-750k considered cheap which i believe….

Eco World just bought a big piece of land near second bridge. The whole south west property value will be shooting up once the development kicks off next year.

Good news for Reflections and Southbay buyers.

Mike :
Eco World just bought a big piece of land near second bridge. The whole south west property value will be shooting up once the development kicks off next year.

Island??? I think they bought the land in mainland not island.

Those speculator or buyer already purchased property are very excited when get to know big developer launching property near their areas, waiting and evey night just dreaming, prayer for property to up, want more money, profit from subsale market.
But what happing now, new buyer not interested on subsales market eventhough OC obtain, they willing to wait which meant not in rush to buy, for examlple not many ppls interest to buy subsales market such as refection, one world, golden triangle, new buyer more interested on tropica bay, if sg ara better buy clover, if relau bettet by icon. If speculator tarik harga, news buyer too have multiple choice nowday. Of course new buyer not dreaming for property drop half price.

@ST

590k for low floor 1000sf with only 1 car park for Reflections, very good price indeed. Willing buyer willing seller.. no complain.

@jo

With name like Eco World purchases land nearby your area, you should be exited. If you missed the boat long long time ago, now is the time, not too late.

For sure coming budget announcement will hit badly property market and curb speculation activities. Let increase what ever tax, hope the speculator buffaloes will feel the pinch. H

Chocolate :

Mike :Eco World just bought a big piece of land near second bridge. The whole south west property value will be shooting up once the development kicks off next year.

Island??? I think they bought the land in mainland not island.

Eco World has 5.26ha in Air Itam, Penang Island; 24.28ha in Seberang Prai, Penang
http://www.thestar.com.my/Business/Business-News/2013/09/13/Eco-World-plans-RM30bil-projects.aspx

I am Reflections owner. I can tell you quite a lot of owners are genuine buyers for own stay. Some people might questions then at night why not many units got light yet? OK, 1st, if just OC few months ago. 2nd, quite a lot of buyers are not local, they buy the units as their weekend house and holiday house, their units already fully renovated but they seldom stay here. What a waste? Well, people got plenty of money they can do anything they want, they buy here buy there the propery like for car collections, it is not against the law. For me, I havent move in or do any renovation yet because I am too busy with my work, and I am not rush to move in. So, dont assume all newly OC condo units are own by goreng kaki. If 10% owners are investors, after OC they wanna sell their units that is normal, and of course you see a lot of newly OC got advertisement in mudah or iproperty compare to old condo, because the agent keep refreshing their ads so it always appeared on the first page. That’s why they every day they refresh the ads, though ads today is same as yesterday. No any agent want their ads always on the bottom of other ads.

@jo

Do you think by increasing RPGT will scare off the speculators? I think only if government limit the loan then will be able to cool off speculation in the short term, but then the price will still go up due to short supply.

@psyy

Is there short supply? I thought what we have is only empty houses..:)

@condomana

No short supply when will see many unsold units few months after launch, even at location such as Queensbay.

chia lat liao loh!!…So many small time speculators cannot find buyers for their properties. Aiyar nevermind loh, tighten up your belt, and channel all your money to servicing your loans loh. When you go to shopping mall, see only ah, cannot buy!! Remember you have mortgage payments coming up!?!….:D

@ezalor
10% are speculator? You must be joking. Go walk around Reflection carpark during at night. Its as empty as The Light Linear. So your theory doesnt hold up. Anyway, buyer please hold onto your money, those engineer cannot afford to pay maintainance and bank interest monthly will have no option but to sell you at a less exorbitant price. Dont let them manipulate you into thinking that thisis a hot property. You can always buy Meridien, Arena and etc for the same price. There is simply too much too choose. It is buyers market now.

@JT
Empty house doesnt mean speculator or vice versa. You cant expect everyone move in just in few mths of oc. If u dont like why commend here. U dont have to promote meridian and arena unless u r their speculator.

@ryan
People dont understand, got a lot people are rich who buying penang property like collecting cars. They buy and just leave it there, once a while only come here to stay. I met one from Singapore, one from KL, another one from Bukit Mertajam. Their houses are fully renovated, but they seldom stay in Reflections. Same thing happen to those Gurney Drive property, at night you see all dark one, but they belonged to somebody, and they dont intend to rent out, because it is their holiday or weekend houses.

@ryan,

Agree with you, it normally takes one year for any residential project to get occupied. If you still see plenty of empty units after one year, it pretty much tells you either there’s over supply in that area, or the place is not pleasant to stay (eg. light linear, the view etc).

@ezalor,

True, you have rich people holding multiple properties. During the property bull run in the last few years, even the “not-so-rich” have picked up such habit. The rich can still jet set around while holding on all these properties, but the not-so-rich will have to make do with economy rice while waiting for buyers to take over their mortgage debts….:) Make sure you have sufficient loose change in your pockets. as the days of economy rice might last for quite a while….:D

@ezalor

I agree with you. There are really a lot of rich guys just collect properties for fun. These guys have no problem with holding it for years after fully renovating it. The reason they rent to somebody is just to let someone to take care of the properties instead of letting it empty.

@JT

Don’t look down to engineers. Any engineer at 30+ age who got their vss package from mnc company like inter, dell, flextronics or any mnc easily has around 150k RM cash. You tell me, how strong is their holding power if they have 150k RM cash on top of their 5-7k salary?

@IS buyer
Assuming VSS package at 1-1.25 month/year, and a service of 15 years will your so called 5-7k, how do you come up with rm150k? LOL! And rm150k cash is considered strong holding power as a speculator? OMG!

To be clear I did not invest in Reflections. My own views here.

Most are collecting because it is cheap, as many do not have any clue of what to do with their money other than keep in bank earning below inflation deposit rates. Even if recession or economic downturn, rent it out cheaper, so instead of rental cover 100% or more of mortgage payment, just drop the price and maybe cover 60-70%. It’s ok, in the end over next few years the capital appreciation will be more than the cumulative monthly top up. So in terms of holding power, I think Penang people generally should be able to hold. Sure, there may be some who cannot, but once their units clear, the next group of owners can hold for much longer.

Yes subsales market is slower, so it’s a buyer’s market. But honestly how many new 1200+ sqft condos being launched today will be at RM400-450k in Sg Ara? Typically if you ask banks, most double income household in Penang today are targeting RM500k type of condos. So either you choose something smaller below 1000 sqft so you can buy below RM450k, but if you want some space the budget will need to be stretched to RM500k+. SP Setia property should be priced at a premium, hence the above asking prices.

@condomana
You hardly to judge whether a condo is empty or not empty based one the light at night or car numbers in parking lot. Example, the Gurney Drive luxury condos like Paragon, or MayFair near Citibank, HillCrest at Bukit Jambul….a lot. You can say it is empty because no cars or no light at night, but they still belonged to somebody, and do you believe majority of those units “empty” because they cannot rent out, cannot sell, or people just buy and keep for long term investment? Those people buy and keep and not willing to rent out, do you think they dont have holding power?

@Tongkol

For an area like Relau, you’d have to really struggle hard to look for rental that covers 60% mortgage. In fact, you should be popping champagne already if can you even find someone decent to rent your place. And as we speak, a friend just rented out his unit for RM1000/month to an employer who would be housing his “foreign” workers there. Just a heads up for those owner occupiers, so that you won’t get caught off guard when you see these foreigners acting kinky in the pool….:)

@ezalor,

“You hardly to judge whether a condo is empty or not empty based one the light at night or car numbers in parking lot……”

“…..You can say it is empty because no cars or no light at night, but they still belonged to somebody”

So you’re saying, can you OR can you not conclude that the units are empty based on lights and car parks?…:)

@JT

Assume salary is 6k,
6000*(1.5*15(service year) + 3(notice period) + 1 (contractual bonus)) = 159k

Nothing against you. I don’t like speculator too. Please don’t under estimate or even mock the earning capability of any working field. I feel offended because i am an engineer, i just got my vss package and i just bought myself a condo.

@condomana
We cannot conclude that a condo with less light or less car is car park is empty because they belonged to speculators that got hard time to sell out their house, or to rent out their units. Those LMC apartments got a lot of lights and cars , because owned by “not rich people” which they need to save every cent they can. If they not staying there, then they need quick quick find a tenant(even foreign workers) to rent out so every month can earn some money. But it doesnt applied to expensive condo owners, they can just buy and keep.

@ezalor

“We cannot conclude that a condo with less light or less car is car park is empty because they belonged to speculators that got hard time to sell out their house, or to rent out their units”. Regardless I agree to this statement or not, I don’t think I have in anyway implied that, have I not?

You are right, if someone is tight on cash flow, they would do anything, including renting to foreign workers. A friend of mine just did that to his Reflection unit, RM1000/month, 2-year contract, 10 good looking Myanmar gigolos. Keep your lonely wifes/girlfriends away from them !…:D

ezalor :
@ryan
People dont understand, got a lot people are rich who buying penang property like collecting cars. They buy and just leave it there, once a while only come here to stay. I met one from Singapore, one from KL, another one from Bukit Mertajam. Their houses are fully renovated, but they seldom stay in Reflections. Same thing happen to those Gurney Drive property, at night you see all dark one, but they belonged to somebody, and they dont intend to rent out, because it is their holiday or weekend houses.

Yes,I guess u r right by ur above views.Everyone is a speculator or potential speculator,it doesn’t if u do not like this bigotry view.For rental returns,Penang IS NOT a good place in this regard as the ROI is too measly poor,but the attraction being the appreciation of the property and the factors leading to this phenomenon r already well known.What I have noticed here is that most of the buyers who are above 40-50s,most likely are cash rich fellas!With family well settled,career or business r on the right track,easy availability of bank loans/facility,well connected,hefty sum of EPF awaiting etc.In fact I know so many of them…. n many of them r outside Penang Island,with a sole hobby of where-to-throw-money-in-for-good-future-return in mind, and of course many of them already have multiple properties with positive balance/returns.Lastly,most of them belong to those low profile,decent ,refined and cautious type.
Yes, u can not judge the occupancy by just looking at the lights swithched on/off at night!

@Samtec,

You are wrong. Lights on and car parks at night are a good indication of occupancy rate…:)

Dont worry of the empty units. There are someone like me, buying property for weekend/holiday house or collection 😉 but speculators will suffer if without holding power, coz people tend to buy new launch, cheaper. anyway i dont have any unit at Reflection and i anti-speculators

@condomana
Accurate for occupancy rate, but not accurate to judge whether the owners in deep shit or not (cannot sell, cannot rent out, bleeding every month). Because, people just can buy and keep, and come in to stay once a while only.
The View, OC since 2007, and based on the light at night, I dont think got even 40% people staying in there.

@IS buyer
May I ask what’s driving the VSS for your company? Generally is there net job creation in FTZ?

Also read about BPO development in Bayan Baru, so new jobs created thre.

Come on, guys. Be it high or low occupancy rate, the owners is making big money. I have seen too much debate on the occupancy rate and don’t you feel it is pointless? To me, south sg. Ara is a new world to be explored and developed. This place is booming and better to call it a home, compared to the Golden Triangle, OI, SR, GV in Relau. And Reflection is just awesome, especially when you visit that area at night. It could become a landmark/ icon until the next awesome building came up. No worry for low occupancy for the first 3 years. D’Piazza is ~ 3 years from OC date, still not many light at night. But don’t try to think that you can get any smallest unit below 500K because of this.

@condomana

Renting SPI and 1R landed only 2K/month (still negotiate-able) and can carry more than 25 ppl, some more got many place to park their bicycle. The employer renting Reflection must be no good in math.

@Tongkol

VSS and WFM is an “annual event” in FIZ. If this is not happen during economy crisis, it is actually not a bad thing. My fren just get the package after 7-8 years of service, getting ~10 months salary, 1 month stay at home, 2nd month got new job. Not that bad ya.

BPO development? Is it some sort like the IT phone support service which India has dominated before? Doesn’t sound like high value added/high paid jobs.

Tongkol :
@IS buyer
May I ask what’s driving the VSS for your company? Generally is there net job creation in FTZ?
Also read about BPO development in Bayan Baru, so new jobs created thre.

I wonder why some of you still argue abt how one person can buy a property with a salary 6k.

In my opinion, there are 4 categories of 100% buyers.

1. Foreign investor (HK, SG, Korean… etc), 20%
– Believe me or not, to them, our property price here, is cheap to them. And like some folks here said, they buy for vacation stay only or leave them vacant. Their holding power and cash flow, is way higher than you can imagine.

2. Local businessmen as investor, 30%
– This group of people, they have been practised property investment for many years. These are the people who always invest with cash and min loan. They are also the reason why so many units were sold out before launch.

3. Bulk buyer, 30%
– This group consists of a few people, background coming from enterprise company engineer, executives… etc. One person, of course will have lower holding power. But what if a few of high income people together? They will have longer holding power and everyone share the burden. Of course, you can argue when there is a VSS, some will get into trouble. But this is the reason they form this group, to support each other. They also one of the reason why new units sold out so fast.

4. Individual investor (worker type), 10%
– Ok, there are still some individual investor who is working in MMC company. And they are likely impact by economy bubble and has less holding power. But looking at the list of selling, how many of them do you think fall into this category?

5. Genuine Buyer looking for a unit to stay, 10%
– I fall into this category. You have lower chance to buy new property. Because new property always gone before you can react. The leftover, are those low floor, bad facing, bad number units, or problem unit.

What I am trying to say, don’t argue whether there are many buyers to buy property now. The definition of buyer should always consist of people from the 4 category above. It does not matter it is a new property or subsale, there will always buyer from those 4 categories come out for hunting. A bulk buyer does not necessary selling their property to genuine buyer only, they can sell it to another bulk buyer as well. As long someone still see the potential of property value going up, they will react to earn that profit.

@IS buyer
Nothing against 1st time buyer too. But can you tell me which company is still offering 1.5months/year as VSS package? Also, for a 15 years service, that person would have been at minimum 37 years old. So of course he does have some holding power. What i am seeing as a trend now is engineers who is late 20s to early 30s buying like there is no tomorrow, a few have snap up 5-6 properties of different location too, all with DIBS packages. These type of engineers even with 8k salary could not sustain long if the subsale market is bad. So why feed them when subsale buyer can just hold onto their money and let the bank do the work…which is auction.

@elnino
Foreign investor as much as 20% buying in sungai ara? That must be something new here or you are high on weed.

@Hemsley
Read before you even comment. The debate here is whether the subsale buyer should feed the greedy speculator which have low holding power ( in this case only).

@elnino

Ok. Let me calculate what you just said. 20%+30%+30%+10%+10%=100%. Oh man we’re in deep shit!! Only 10% are genuine owner occupiers. We must have over built a lot!!!!!

@Hemsley

Dunno leh. Maybe that 10 gigolos is only phase 1 loh. There’s another 10 coming in phase 2 maybe!…:D

D’piazza? I thought already almost filled up with students? 12 of them in 1 apartment!…:D

@JT

Take it or leave it. This is the reality. No one think we should feed the greedy speculator (including developer), but don’t try to pull things like low occupancy rate as an evident that this property do not worth the money. If buyer need a completed new home urgently, what other option available? If don’t want to buy from greedy speculator, buy from greedy developer lo. Tree Sparina only ~500K, and wait for 3-5 years. If really don’t like sg. ara, why spent time in this forum? Just get a unit of D’Piazza at 500K for 1100sf, or 650K for 1300sf. But the launching price is also only 200K and 240K respectively for DP. Should we call them greedy speculator as well?

Reflection launching price 3xxK only, monthly commitment <1.5K per month. I doubt will be any holding power issue here. Owners of OI, GV should be worry more.

@Hemsley
I see – so it’s a good process then. I remember reading about how competitive Penang really is still for foreign companies to invest in… so just wanted to get a gauge of the health of the FTZ.

The BPO thing is up and running in One Precinct… they seem to be regional centres for large MNCs, so that’s a good sign. The MNCs do their homework properly. Agree it’s not the most highly value added, but the cost is lower than hiring people in Hong Kong/Singapore. Wages are definitely not low by local standards.

Good analysis done, can we share this to HBA or Housing minister.Penang property oversuppy based on your data.@elnino

@JT
Actually “non local people” not necessary foreigners. They might be from KL, Kedah, Perak…any people from Malaysia got money can buy a house in Penang island, and the rich people also got many categories too…some rich to buy Paragon to keep, some rich to buy The Light to keep, some rich to buy Sg Ara new condos like Meridien or Reflections to keep. Some aim for quantity (many units but moderate price type), some aim for quality (one or 2 units but very expensive type) Like my neighbours in Reflections that I met, one from KL, one working at Singapore, one from Bukit Mertajam…they just buy and keep, renovated but not intend to rent out, once a while only come here for weekend or holiday. This is what happening now in Penang properties, that’s why you see a lot of units are empty. They are empty not all because the owners unable to sell out or rent out, they are empty because non Penang Island local people buy and keep.

@condomana

Then I wonder why DP do not turn into a hostel for foreign worker?

I can understand if people buy landed property and keep, because minimum maintenance and the land is valuable… but buying condo unit to keep??? are they going to pay the ~RM300 monthly maintenance fee? You go to some older projects of Pernas (N-Park, Sunnyville just to name a few) and you can see the management notice board there a lot of foreigner buyers buy and keep, but not paying maintenance fee.. ended up very bad maintenance and run into deficit. So can expect the same to Reflection…

@Hemsley

I have no idea, I only know about students coz my niece is studying at some college in Bukit Jambul, and D’piazza is kind of like the defacto hostel. I have visited her once, looked around Dpiazza, and was appalled to see the state of condition for the common facilities. I am not sure if the developer left it that way, or it’s just maintenance problem. Once PRIMA starts coming in, Dpiazza flippers are going to struggle at this price level. Of course, they can always maintain the price and keep holding it..:)

@Tongkol

If you want to gauge the health of FIZ, probably you need to monitor closely on the world economy, especially US because their factories normally give higher pay. No new factory setting up except we can see B Braun is expending. This actually worry me a bit, but as long as the world economy doing good, FIZ can sustain.

based on discussion here ppls just syok syok buying property in Penang Island for vacation stay or making profit purpose. Better implement ONLY 10% loan aporove for 3rd buyer. This will help to reduce household debt from increasing, save malaysia from bankrupcy.

@condomana

Then why should we worry that Reflection will turn into foreigners hostel? Doesn’t make sense, right?

@Hemsley

Har? I’m not worried, I don’t live there. I’m just telling that a friend just rented out his unit for RM1000/month (why rental so low by the way??) to accomodate 10 myanmar gigolos. He’d rather rent out cheap than leave it vacant for months (that’s what he told me).

@jo

BNM is taking gradual steps to address that. They have to, after the latest debacle with the rating agency. That’s a pretty good clue of what’s going to unfold in the coming years. Household debt is not directly related to Msia going bankrupt, but it surely reflects the risk in our financial system.

All the old, new, cheap, expensive property surrounding FTZ areas for sure will became foreigner
place to live. Once owner cannot serve monthly payment n maintenence, will rent it out to agents so, better you need get ready to share all facilities with them. Good luck.

This oversupplied property create many more problem in our society, not only caused penang property not affordable for local ppls, some owner are rent out thier unit dont even know illegal,
activies are taking place there, i know one guy have 6 units near gurney drive area, renting out the unit during weekend for prostitution business. i had been this place a few time saw chiness oldman with young girls here but still no action taken at this condo. Still cannot understand why some ppls not agreed with statement Penang property oversupplied and overpricing.

@over over

This is very serious. Can you tell me exactly where this condo is? Which floor? Got unit number even better. Further investigation is urgently required…:)

@over over

Are there many abandon projects? Why should we agree with statement Penang property oversupplied when no abandon project? Project abandoned when nobody buy right?

@over over

Since stone age, the house already oversupplied and overpriced.

@condomana

When you come here to make baseless complaint, we suspect you want to invest here. 600k too high for you is it? What is your target price?

@Yong
Because they say low occupancy rate.

@ezalor,

I did not say that specifically for Reflection ok, just speaking generally.

@Yong

Hahaha…..no lah, just have some time to spare, so thought I’d come in and kacau a little bit. You guys reminds me of my childhood. I am not sure if you are old enough to have seen that, we used to have these touts selling tickets for good seats illegally at premium price at the cinemas, especially when block-busters are being screened.

No matter how early you go for the queue, you will never get to buy the good seats coz these scalpers are profit sharing with the guy at the counters, they get the “pre-launch” selection, you then have to pay the scalpers a premium if you want good seats….:)

But after some years, you don’t see them anymore coz the gov finally outlawed that when they realized how detrimental ticket scalping is to consumers…..:)

@condomana
I wont blindly say Reflections is 100% good. I just comment based on my my observation. Last time I also tot Penang property buyers are mostly engineers, why? Because those engineers belong to the group considered educated, computer and english literacy, that’s why a lot of the members in the internet forum here are engineers, actively posting one also engineer. When they said “my friend”, then mostly his friend also engineer, so most of the sources they got also from engineers. That’s why we always keep seeing people at here mentioned FIZ, FIZ, FIZ…then projecting when FIZ got business problem, then engineer will jobless, engineers will desperate, engineers will rent out their units to foreign workers…engineers will doom. It is like those buying property in Penang are engineers. Those goreng property one are also engineers. Engineers, FIZ, engineers, FIZ, engineers, FIZ, foreign workers…FIZ, it is like the whole Penang property sector is count on FIZ and engineers. Aiyo…misconception. Even those people like to say FIZ business bad, engineers doom one, they never tot foreign workers is the one first to doom if FIZ business is bad. And they yet keep saying when FIZ bad, engineers doom, foreign worker suddenly become prosperous and dont want any more to stay in cheap LMC but instead start willing to pay high rent to move into high end condo to enjoy life.

http://www.investpenang.gov.my/portal/home/1-latest-news/2137-penang-eyes-becoming-outsourcing-hub-to-offer-more-space-for-investors.html

recession coming up, last man stand

At the end of day, if you like it and it suit your purpose, you have to decide what price you willing to pay. I’m Reflection owner and engineer myself. Last 3 years when i decide to buy at ~500k, most ppl telling me it expensive and wait as there will be bubble. But you decide what best for you. If I follow what others tell me, with that 500k I can only buy d’piazza now.. I’m not saying D’piazza is bad but I prefer reflection for my own stay. If you have money and want to wait, just wait.
Btw, engineer is not that stupid. We do lots of workaround and judging with facts at work, so we do it with our life too. Not everyone need to wait for vss to get that 100k for cushioning so no need to question if the vss enough for holding power. There are always other way.
@condomana, on your friend rent out his unit to 10 myanmar ppl for 1000 pm, I think kind of weird.. 10 ppl in one hse will sure damage his house. If he just need 1000 per month, he can rent it to 3-4 normal engineer. I know my friends willing/happy to pay RM250- 400 for a room with full facilities. The only possible thing, unless those myanmar ppl is construction worker for either reflection or somewhere nearby and your friend might get special discount on his renovation package by having that deal. Not to mention on the employer side which I wonder why they willing paying a condo for their worker. Can just rent cheaper apartment nearby or get the landed SPI that facing reflection.
And regarding the empty in carpark, I think it too soon to judge. Myself, 90% kiasu also haven’t finish renovating, how to stay?

yalor, where got people buy condo units and hold? pay maintenance fee also die lah.. lol

RM300 per mth

@mara,

RM500k (I suppose you bought 1500+sqft) for a decently built condo anywhere on the island (except balik pulau) for own stay is very reasonable by today’s standard. You did the right thing by not listening to others, although you could have bought something better with RM500k 3 years ago (with good rental return if you choose to rent out and much cap. appr. upside). But since you prefer to stay near your workplace and you were not thinking about rental, you hit the bull’s eye. Congratulations on your new home!…:)

You are right, engineers are surely not stupid. In fact, they are the smartest breed. That’s why banks like to lend to MNC engineers, as they belong to the least risky group to default. They’d rather have maggi noddles for 3 meals, drive a 20-year-old lau ea chia, work the extra hours for OT, than default on their loans!

That underscores the importance that we should stay focus on capitalizing on this pool of engineering resources, make sure their work is relevant, make sure housing price doesn’t go way off their affordability level due to speculation (especially dangerous with foreign money sloshing). Quality of life in the state of Penang would only deteriorate when smart people can’t buy nice homes…:)

@KSgoh
RM300 per month. 10 years will cost RM36000. Do you think the market value of this property will be drop or same or increase after 10 years from purchase price in Penang Island? If you thinking will drop or same, then keep your money in bank forever gain for 30% return in 10 years.

@condomana

Ya. Those asking ppl to hold on the purchase and wait until those engineer lack of holding power, when that day come, the whole Bayan Baru/ Bayan Lepas will be affected. Those live here and not working in FIZ, also heavily earning the money from engineers or business with the company from FIZ. I think you will not buy Reflection anymore when that day come.

@SP
Condo is different with landed, most of the price you pay for is for the building construction/facilities which depreciate over time (getting old) and need monthly maintenance fee. Landed properties most of the purchase price your pay is for the land which appreciate over time and no need maintenance fee. Not say you cannot buy condo, leave it vacant or weekend home and hold long long time, but just a bit funny..haha..

@KSgoh

The price already appreciated nicely with 200k capital gain. Looking forward to double the gain in 10 years time. Monthly maintenance fees will reduce my return slightly over 10 years. That is my investment target. What is your investment target for your landed?

@KSgoh
If that person not require or don’t like at all the facilities of the condo such as swimming pool and so on. What for that person go consider it? He/she can buy those condo/apartment without swimming pool or facilities. Thus, the maintenance fee will be lower. If he/she is rich without budget constrain even better, straight go buy landed bungalow. This is a simple theory everyone have same thought in Penang Island.
Maybe you will see funny in today. But who know what will happen after 10 years or 20 years?

@Yong
@SP
I see after 10 years or 20 years, the sweet spot for ROI of condo still selling upon OC which command higher price than new launch projects (no risk of abandon project, what u see is what u get, and brand new facilities), and use the gain to buy more new projects until the market collapse. Buy and hold? vacation house? Better save the maintenance fee and spend for holiday in a nice hotel. hahaha..

Dont reduce house price yet. Petrol just increse price. Barang naik so house also naik…

Buy n hold… if ppl got money n let long run n appreciate.. also one investment idea. U got money buy a piece of land with grass also good possible appreciation…. u speculate also fast money. U buy unit trust also posdible appreciation. U buy stock also possible fast money. Buy loteri if strike wah very good fast money.

@KSgoh

You may be right. The sweet spot might be upon OC. Some say big infrastructure project like the MRT line can boost the house price as well. Everyone has their theory.

As strange1my said, any form of investments has its target ROI. If you think condo investment is not as lucrative as others, you are free to decide. I still believe I have make the right investment in Reflections. My investment strategy may change over time when new opportunity emerges. Nobody knows.

@Yong
Got buyer then strategy change to fast fast sell? No buyer then hold long long?

For those questioning why would anyone buy a condo that pay high maintenance fee.

If one month maintenance fee is RM300, 3 years is RM10,800. Assume the buyer bought it at launch price RM450k, and now after OC obtained, he can sell at RM600k. He ald making profit. If he wait for 3 years, he only wasted RM10k. But his unit price could rise to RM700-800k in 3 years… or maybe more. In 3 years, he could have earn around RM200k. Minus loan interest, whatever fee you can think of… he will at least earn RM100k in 3 years.

So you tell me, is maintenance fee a factor here?

@elnino
Now is the best time to sell, even cut price also have to let go fast. 1 more year later Fiera Vista and Meridian Residence will be OC and Reflection will be old and cannot compete. Then follow by The Clovers and Orchard Ville. Some more economy outlook is not good for near future. If really crisis happen then really have to hold long long time liao..

uptown guy :
@Yong
Got buyer then strategy change to fast fast sell? No buyer then hold long long?

Don’t understand what you tried to imply here. I am doing basic reno to rent it out now. Should be easily rent out for RM1500 with its proximity to airport.

@uptown guy
Yaya… but my comment is not sorely based on reflection. Is actually to reflect what really happen in Penang Property.