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Elit Heights @ Bayan City

March 20th, 2010 Leave a comment

Elit Heights, a mixed development located within Bayan Baru township in Penang. This freehold development comprises 600 designer suites spread across 3 tower blocks. The units measure approximately 1,300 sq ft – 1,900 sq ft in size.

This development is close to various amenities such as Sunshine Square, Mayang Mall, Kompleks Pasar Bayan Baru, the local mosque, Giant hypermarket and the Pantai Mutiara Hospital. It is within a few minutes’ drive to the Penang International Airport and Penang bridge.

Elit 1

Elit 2

Elit 3

Project Name : Elit Heights
Location :
 Bayan Baru, Penang
Property Type : Mixed Development
Built-up Area : 1,300 sq.ft. onwards
Total Units: 600 (Residential)
Land Tenure : Freehold
Developer : Seal Properties Sdn. Bhd.

 

Contributed by Pen – 13/03/2013

 

Contributed by Reader – Nov/2013

Categories: Bayan Baru Tags:
RELATED PROPERTIES FOR SALE/RENT AT
  1. Abu
    March 20th, 2014 at 16:14 | #1

    Mari Mari Mari!!!!

  2. Desmond
    March 24th, 2014 at 00:17 | #2

    Hi,

    I’m owner of E2-22 floor, corner unit.
    1736 sqft. Looking for serious tenant or buyer.

    Email me at ooils75@yahoo.com.sg if interested

    Thanks

  3. JT
    March 24th, 2014 at 02:17 | #3

    @Desmond
    Rm580k best offer. How?

  4. SP
    March 24th, 2014 at 09:37 | #4

    JT :
    @Desmond
    Rm580k best offer. How?

    RM334.10/sf this is 3-4 years ago price.

  5. MH
    March 24th, 2014 at 10:39 | #5

    Elit is the best condo around sungai ara/bayan lepas. prime location. grab one fast before the price further increase. you’ll never regret.

  6. SQ
    March 24th, 2014 at 10:44 | #6

    @MH

    Well, you are not wrong. But the problem is, there’s simply no real demand for so many units, unless the price is sold at below “current inflated value”, then it might make sense.

  7. June
    March 24th, 2014 at 11:37 | #7

    For Sale

    Elite 3 1572 sqf
    2 car park
    corner unit
    facing 2nd bridge
    asking 740k (RM 471 psf)

    June Ng
    017-411 5099

  8. Logic
    March 24th, 2014 at 12:45 | #8

    Best condo? Personal references vary from one to another. I find it too noisy for own stay, plus would likely have to pay much higher maintenance and assessment fees due to commercial title. Location is quite convenient though.

  9. ush-ush
    March 24th, 2014 at 13:46 | #9

    location good…..one need to checkout how much is the cukai taksiran whether it is so costly as one world / one sky (about rm2k-3k yearly)

    also double check whether can change the TNB/water from commercial rate to residential rate…

    however, 700k+ pricing (for average big units) is a bit hard to ‘swallow’ by average joe……6++k is the limits already…… owner be prepared to hold a period of time……like those Sg Ara Reflection owner…

  10. PGpropertyLover
    PGpropertyLover
    March 26th, 2014 at 23:51 | #10

    No doubt the location is good. But the density is too high (> 700 units) and I cannot accept most of layouts, not worth to pay 700K+ for a unit which looks like a “long house”. Sorry, I can’t fall in love with Elit.

  11. Durian
    March 29th, 2014 at 17:16 | #11

    Elit is heavily guarded by gangster contractor…. Seem like security is working for gangster contractor but not residents….. lol…

  12. June
    March 31st, 2014 at 11:43 | #12

    The TNB/ water all converted to residential rate by management already.
    Service charge RM 0.15 + 10%

  13. Ooi
    March 31st, 2014 at 22:22 | #13

    Direct Owner : E2-2× floor for sale
    1465sqft Type A
    2 carparks
    unfurnished
    *No agent pls

    Do call/text me via whatsapp or SMS if you’re interested.
    Tan
    016-4893785

  14. E3
    April 3rd, 2014 at 15:28 | #14

    I think this place is good in terms of location.
    Anyhow, the residents will save from travelling to airport or weekend shopping because Giant and Sunshine is nearby. So, this is the reason i continue to check on this place.

    The reason why people are holding now is probably want to let the gangster contractor go away and then start renovating. Anyway, i wonder if the E3 has a better sqf selling price than E2 or E1 because of the direction facing the sea and both Penang bridges.

  15. E3
    April 3rd, 2014 at 15:33 | #15

    Ooi, what’s the selling price? @Ooi

  16. E4
    April 3rd, 2014 at 15:47 | #16

    Well, may sell very well when Promenade complete. Cause comparing, this is way better. Now ppl are thinking hard as 700K++ is really something you need to pull out from your pocket.

  17. Ooi
    April 3rd, 2014 at 16:46 | #17

    Hi E3, do call me if you are interested. Thank u.

  18. Lee
    April 3rd, 2014 at 17:23 | #18

    This is commercial title or Residential title?

  19. Farlim
    April 3rd, 2014 at 18:21 | #19

    Wait the gangster contractor to leave? You have to wait minimum 2 years…. good luck to the buyers…

  20. Jaz
    April 4th, 2014 at 11:49 | #20

    Direct Owner, E2 & E3 units for sale and rent.

    Pls call 012-4753950 for details.

    Thanks

  21. Elite
    April 8th, 2014 at 20:43 | #21

    @Farlim
    mati if somebody buy the Elite Height

  22. Elite
    April 8th, 2014 at 20:44 | #22

    mati if somebody buy the Elite Height

  23. Goh
    April 8th, 2014 at 21:00 | #23

    @Lee
    Heard the title already convert to residential.

  24. JASSICA
    April 9th, 2014 at 15:09 | #24
  25. tt
    April 9th, 2014 at 15:38 | #25

    @Goh

    Any big “Keluar” sign at the main entrance of the unit?

  26. SanKiKi
    April 9th, 2014 at 15:49 | #26

    @Goh

    Wah, title converted to residential? So they buy cheap land under commercial title, build the apartments under commercial title at commercial plot ratio to maximise the number of units, then convert back to residentail title? Looks like the developer is the BIG WINNER!!! Hmm…I wonder if there is any “buy-off” at the “title conversion” office….:)

  27. SanKiKi
    April 9th, 2014 at 15:51 | #27

    Why would the land office allow the conversion at this stage? Should they not convert it to residential title first and build it based on residential plot ratio?? This is obviously favouring the developer BIG TIME!!

  28. tt
    April 9th, 2014 at 16:45 | #28

    MPPP should allow OWOS to convert also…. THIS IS SO NOT FAIR!!!!!!

  29. Coconut
    April 10th, 2014 at 14:57 | #29

    If this Elite is Commercial title, then you cannot chase out this so called “Gangster”, cause anybody can use the unit to do Business, they are doing the renovation business.
    Also, in future, I have feeling it will be Pantai Hospital’s hostel as Patients can officially go in and out as this is commercial building…. am I correct ah??

  30. TwoWorld
    April 10th, 2014 at 15:21 | #30

    @Coconut
    Good business idea. Help Penang increase revenue thru medical tourism.

  31. TwoWorld
    April 10th, 2014 at 15:28 | #31

    @Goh
    Don’t trigger fire by spreading Elit converted to residential…

  32. Coconut
    April 10th, 2014 at 15:50 | #32

    this is my perception of “Commercial” lah… haha.. that’s why the cukai taksiran is high… one must utilize the unit to generate revenue to pay for it……@TwoWorld

  33. Papaya
    April 10th, 2014 at 16:40 | #33

    Pantai hospital got foreigner patients meh? Thought mostly local malay patients?

  34. Coconut
    April 11th, 2014 at 07:45 | #34

    @Papaya
    I am looking at Penang will march into Medical Tourism, so Pantai Hospital might benefits from there and its nearest condos as hostel. Not forget local patients from Mainland might need places to stay as well…

  35. Papaya
    April 11th, 2014 at 09:36 | #35

    Don’t think so, there is already over capacity in the hospitals downtown, which have been expanded recently (lohguanlye, Gleneagles, Adventist & Island WIP). Business is not going to spill over to Bayan Lepas hospitals for the foreseeable future. As for locals, they don’t normally require apartment stays.

    However, this type of SOHOs could be very suitable for “masaj” services, hidden from public view. People who work in FTZ are lucky. Just drop by during lunch time for a quicky!…:)

  36. Goh
    April 11th, 2014 at 09:49 | #36

    @TwoWorld
    This is truth. U can go check. Most elite owners aware of the conversion

  37. Coconut
    April 11th, 2014 at 11:06 | #37

    @Goh
    So, 1 World and 1 Sky residents will jump liao…… war time….

  38. Goh
    April 11th, 2014 at 13:13 | #38

    @Coconut
    For 1 World & 1 Sky, heard the MPPP will reestimate the annual value

  39. Durian
    April 12th, 2014 at 11:16 | #39

    @Goh

    If Elit can convert to residential, 1 world and 1 sky will demand it too…. How MPPP gonna zone the purpose of the land properly….

  40. lol
    April 14th, 2014 at 08:29 | #40

    Just electricity and water tariffs are residential. It is still commercial title.

  41. Kent
    April 14th, 2014 at 09:27 | #41

    will only be able to know the actual assessment fees when you receive the letter from MPPP asking you to pay…

  42. CZ
    CZ
    April 14th, 2014 at 14:54 | #42

    Any garden unit (level 7) for sale ?

  43. Hemsley
    April 14th, 2014 at 16:39 | #43

    @lol

    No wonder. I was surprise that day that a commercial title can be converted to residential just like that. Really confusing.

  44. lim
    April 17th, 2014 at 06:14 | #44

    There are many other better hospitals in town which are more preferable by those rich Indon.

    That is why every one of them have expanded in the last 3 years.

    But, we do not see any expansion in the hospital here. (except repainting)

    Bayan Baru has over supply of condo. Go to invest in Georgetown, Gurney and Tg Tokong.

  45. MJ
    April 18th, 2014 at 09:29 | #45

    I serious buyer who looking for 1011sf unit, please contact me +6017 7577 640 / akingko@gmail.com

  46. MJ
    April 18th, 2014 at 09:30 | #46

    I have serious buyer who looking for 1011sf unit, please contact me +6017 7577 640 / akingko@gmail.com

  47. ush-ush
    April 18th, 2014 at 10:18 | #47

    guys, come on, don’t think MPPP is so easy to let u do this, change that….let me give u a few example:

    many yrs ago, IJM promise The Spring condo buyer (at Jelutong) they can change 99yrs leasehold title to freehold……it never happen, today The Spring is still a leasehold condo.

    now, u see one world / one sky not able to reduce cukai taksiran, only manage to change water & TNB rate to residential rate (coz water & TNB is not control by MPPP)

    and then, u expect SEAL (developer of Elit) to change the cukai taksiran to residential title??……. come on lah, u guys got to be realistic n prepare for the worse case lah if still intend to invest to this property

  48. Jen Tan
    April 18th, 2014 at 16:44 | #48

    Any owner of block c facing swimming pool at high floor with around 1500sq feet for sales?
    Mail me the details with best offer price to homart2u@hotmail.com

  49. doddie
    doddie
    April 18th, 2014 at 16:58 | #49

    Looking for Elite 3 – 1572 sqft, preferable facing 2nd bridge

    My offer price: RM520k

    contact me at : archbrain@gmail.com

  50. Coconut
    April 21st, 2014 at 16:22 | #50

    @doddie
    I like your offering price @ around RM330/SF.

    This is what local people can effort. Some more the seller also can earn already as their initial purchase price is at ~RM300/SF only. Some more with free S&P and loan and DBIS……

    Penang property need to reflect more “healthy” price…. just my opinion..

  51. TT
    April 24th, 2014 at 13:32 | #51

    I’m the owner, looking for tenant to move in.

    High floor, facing Hill.

  52. ooi
    April 24th, 2014 at 14:14 | #52

    @doddie funny!

  53. TT
    April 25th, 2014 at 16:17 | #53

    T_T
    during that time, I bought alr….. RM 440 psq….

  54. Wong
    May 8th, 2014 at 13:59 | #54

    I am serious buyer looking for 1465 sq ft. 2 car park. middle floor and above. 650k

  55. Wong
    May 8th, 2014 at 13:59 | #55

    I am serious buyer looking for 1465 sq ft. 2 car park. middle floor and above. 650k .

  56. ELIT 2
    May 10th, 2014 at 16:41 | #56

    Hi Wong, how to reach u? Coz u didnt leave ur contact.

  57. Steven
    May 10th, 2014 at 22:50 | #57

    I am a serious buyer. Looking for 1011. 1 car park. 520k.

  58. chapcheng
    May 10th, 2014 at 22:56 | #58

    @Steven

    Congrats! You now have the luxury of time to slowly shop for 1 unit as the market (especially Elite Heights) starts to trend downwards in price. With a bit of patience and hardwork, you will be pleasantly rewarded!

  59. william lee
    May 15th, 2014 at 12:07 | #59

    much interested, email me any new about project and more detail thanks.

  60. aroi-kap
    May 16th, 2014 at 16:33 | #60

    is this ELIT condo and shoplot OC already? yesterday passby the shoplots seems very empty & quiet, no ppl start renovation at all….market so badly?

  61. Concern buyer
    May 16th, 2014 at 16:37 | #61

    aroi-kap :
    is this ELIT condo and shoplot OC already? yesterday passby the shoplots seems very empty & quiet, no ppl start renovation at all….market so badly?

    All Elit Height buyer are investor/flipper. Unfortunately no subsale market. No one to sell to. No one renting also. Bad timing. Bad market. Price falling almost everyday.

  62. Concern buyer 2
    May 16th, 2014 at 16:44 | #62

    Lucky i din buy elit last time. My collegue who own elit also facing difficulty to sell. Again got price no buyers. Got buyer also go buy skycube and imperial residence.

  63. Concern buyer
    May 16th, 2014 at 16:55 | #63

    @Concern buyer 2
    Why you copy my nickname? LOL

  64. Concern buyer 2
    May 16th, 2014 at 17:09 | #64

    @Concern buyer

    Why got copy your nickname, bro? In such a cautious market, there will be more and more buyers who is getting more and more concerned.

    But they are right to be concern. Because they can sense it’s coming soon.

  65. Concern buyer 2
    May 16th, 2014 at 17:10 | #65

    *where

  66. Concern buyer
    May 16th, 2014 at 17:16 | #66

    Concern buyer 2 :
    *where

    LOL. You win liao!!!

  67. Concern buyer 3
    May 17th, 2014 at 14:47 | #67

    Concern buyer 2 :
    Lucky i din buy elit last time. My collegue who own elit also facing difficulty to sell. Again got price no buyers. Got buyer also go buy skycube and imperial residence.

    Pity to elite buyers.

  68. mO
    May 19th, 2014 at 00:24 | #68

    @Concern buyer 3 should pity those not buying…those buying early are still making average 200k ( exclude rpgt )…..

  69. jimmy
    May 19th, 2014 at 00:54 | #69

    don’t buy elite cause comersial title everthing follow commersial rate

  70. lol
    May 19th, 2014 at 01:18 | #70

    wah those bought early can earn 200k? ok la in this condition, since no buyer, i willing to let u earn 50k, now 1000sf 500k, -150k = 350k, any 1 to let go? I dont mind commercial title

  71. Hokkien Char
    May 19th, 2014 at 07:55 | #71

    Lousy condo..

  72. SP
    May 19th, 2014 at 09:54 | #72

    Concern buyer 3 :

    Concern buyer 2 :
    Lucky i din buy elit last time. My collegue who own elit also facing difficulty to sell. Again got price no buyers. Got buyer also go buy skycube and imperial residence.

    Pity to elite buyers.

    In term location Elite Height is much better than Relau. Nothing to pity. If I have a unit there, I will rent to Indonesia Chinese who come for medication in Penang island. It will making a good return after that. I think as for now sub-sale for property is slowing down but it’s doesn’t mean price will drop. Buyer is having challenge to get 90% bank loan and I believe most of the owner have a strong holding power. Owner will dump their fund into loan to save up the interest. We will see property transaction significantly drop and <500K property could be selling like hot cake.

  73. huatchai
    May 19th, 2014 at 10:51 | #73

    Let us all say a BIG Thank You to those investors who are still holding empty units and not lowering prices, for keeping property price afloat!!

  74. super
    May 19th, 2014 at 11:15 | #74

    @huatchai

    Help yourself with some sour grapes..

  75. lim
    May 19th, 2014 at 21:04 | #75

    The hospitals that attract Indon rich people are located in Geaorgetown.

    Not here.

  76. takmalu
    May 19th, 2014 at 21:11 | #76

    lim :The hospitals that attract Indon rich people are located in Geaorgetown.
    Not here.

    I think elit flipper want to tipu future buyer… huhuhu

  77. eeyer
    May 19th, 2014 at 21:43 | #77

    @lim

    @takmalu

    psycho talk to themselves? eeyer…. lol..

  78. E1
    May 20th, 2014 at 11:34 | #78

    i sold my unit at 730k. 1445sqf/2 carparks/13 floor. my PG friend told me good deal.
    my another KL friend told me this elit will shoot up base on the good location.

  79. Concern buyer
    May 20th, 2014 at 11:41 | #79

    E1 :
    i sold my unit at 730k. 1445sqf/2 carparks/13 floor. my PG friend told me good deal.
    my another KL friend told me this elit will shoot up base on the good location.

    I’m sure you’re one of the flipper who stuck with a unit of Elit. LOL.

  80. D2
    May 20th, 2014 at 13:00 | #80

    @Concern buyer

    Pls don’t laugh. I sold mine last week at 850k/2 carparks/15 floor last week. Collected deposit already. My friend of another KL friend told me elit will shoot up base on the good location.

  81. Concern buyer
    May 20th, 2014 at 13:20 | #81

    D2 :
    @Concern buyer
    Pls don’t laugh. I sold mine last week at 850k/2 carparks/15 floor last week. Collected deposit already. My friend of another KL friend told me elit will shoot up base on the good location.

    I actually sold mine at 988k/1 carparks/20 floor 2 days ago. My friend of Iskandar Johor told me elit will shot up based on good location. But I cannot wait. So I sell first. I post here so that other buyer can sell higher than the current price or play the hold game.

  82. aroi-kap
    May 20th, 2014 at 14:16 | #82

    wah lucky loh u all sell so high price….no chance at all if u meet a kiamsiap buyer like me..I just bulk purchase 2 units 1100sft (buy with 400k) and 1 units 1445sft (buy with 500k) last week, with condition cash-buy~!

    all units are high floor with 2 carparks.

    I dunno how much the original seller earn or lose…..but what I care is how much I think those units worth….

  83. Concern buyer
    May 20th, 2014 at 14:36 | #83

    @aroi-kap
    Lu si Penang Lang… manyak kiamsiap… if I see you, I will runaway liao…

  84. sd
    May 20th, 2014 at 14:39 | #84

    @aroi-kap

    I advise you to stop making fool of yourself, monkey.

  85. aroi-kap
    May 20th, 2014 at 17:50 | #85

    alar…every one also dream to sell high n higher….why I cannot buy low n lower?

    why so sensitive? I bet some of you in here are those owner stuck with units cannot sell with your desirable price…..jz keep hold loh, n hold n hold…..

    mind you, commercial title high cukai taksiran is confirm now (rm2k+), LGE won’t give a shxt no matter how hard u scream or protest on the TV/newspaper…

    If I were you, I better furnish the unit n rent out fast, or sell lower price, rather than keep siok sendiri… n let the bank laughing to you every month :)

  86. JT
    May 22nd, 2014 at 01:17 | #86

    @Concern buyer
    I think you sold your unit in your dream. Just open mudah or iproperty, and you can see tons selling below 750k.

  87. CEO
    May 22nd, 2014 at 08:27 | #87

    Elite will have tough time in selling.. Over supply in that area

  88. buyer88
    May 22nd, 2014 at 09:54 | #88

    @JT

    oops…i think “concern buyer” is using sarcaism in reply to “D2” (just a post earlier then his)

  89. Concern buyer
    May 22nd, 2014 at 10:05 | #89

    buyer88 :
    @JT
    oops…i think “concern buyer” is using sarcaism in reply to “D2″ (just a post earlier then his)

    Some people cannot detect sarcasm… haha

  90. louis
    May 22nd, 2014 at 12:50 | #90

    HaHa E1=D2=concern buyer maybe same ppl lah. This condo definitely facing sub sales problem , ppl rather go for new project to have LOW entry cost to own a unit . Bought from sub sales , entry cost 10% DP + S&P & Loan + Legal Documentation fee + Broker fee ….OMG

  91. lim
    May 25th, 2014 at 16:01 | #91

    Can this place attract crowd from the adjacent places, ie BM, SP, Butterworth, Greenlane, Georgetown, Gurney, Paya Terubong?

    If not, stay away from this project.

  92. E1
    May 27th, 2014 at 13:54 | #92

    i am just telling the truth. God will know. :)

  93. penang
    June 5th, 2014 at 20:52 | #93

    Market is bad…similar location one world two (1-sky) which is leasehold 1450sqft is now selling at rm530k…

    http://www.mudah.my/One+World+2-27747847.htm

  94. E2PG
    E2PG
    June 6th, 2014 at 16:47 | #94

    one world is leasehold, Elite is freehold, don’t compare

  95. E1
    June 6th, 2014 at 22:52 | #95

    i would consider to buy one world two 1450 RM530k.

    see this published by same agent, 13xx sqf, but 680k.
    http://www.mudah.my/One+World+CONER-27747547.htm

  96. BW
    June 8th, 2014 at 12:47 | #96

    Genuine buyer here for 1445 sqft, budget RM550k. Owner want to sell, please email me bryant1975.ng@gmail.com. TQ

  97. buyer88
    June 8th, 2014 at 13:03 | #97

    BW :Genuine buyer here for 1445 sqft, budget RM550k. Owner want to sell, please email me bryant1975.ng@gmail.com. TQ

    if you did not manage to get any response from here…and if you really want…just drive around ELIT in day time….there are > 10 can be seen banners with tel. hanged on the balconies…not sure on the numbers not hanged on the balconies. (inside the buildings)

  98. sungai ara
    June 8th, 2014 at 13:59 | #98

    BW :Genuine buyer here for 1445 sqft, budget RM550k. Owner want to sell, please email me bryant1975.ng@gmail.com. TQ

    I offer 551k, sell to me first, pls email to leebc84@hotmail.com, thx.

  99. Reality
    June 8th, 2014 at 20:22 | #99

    Knight Frank Global House Price Index released today, The Malaysian house
    prices rose eight per cent in the first quarter of 2014 compared to the same
    quarter last year.

  100. Mau beli
    June 9th, 2014 at 09:00 | #100

    Reality :
    Knight Frank Global House Price Index released today, The Malaysian house
    prices rose eight per cent in the first quarter of 2014 compared to the same
    quarter last year.

    Those that able to sell rose 8 percent. Unfortunately, majority seller unable to sell their house now. So house price increase is useless.

  101. joe
    June 9th, 2014 at 09:32 | #101

    E2PG :
    one world is leasehold, Elite is freehold, don’t compare

    one world n elit are all commercial title (means u pay 2-3k for annual assestment fee), yea they are same, i mean same trouble…lol

  102. billy jean
    June 9th, 2014 at 11:49 | #102

    Mau beli :

    Reality :
    Knight Frank Global House Price Index released today, The Malaysian house
    prices rose eight per cent in the first quarter of 2014 compared to the same
    quarter last year.

    Those that able to sell rose 8 percent. Unfortunately, majority seller unable to sell their house now. So house price increase is useless.

    doesn’t matter. the most important is transacted price still appreciating. wait until there is official decrease in transacted house price then only you talk. else you still cannot afford to own one.

  103. kacang
    June 9th, 2014 at 13:32 | #103

    @Mau beli

    Really? Is it so difficult to sell? Don’t scare me leh! This is a symptom of a major correction leh! You just need something to trigger it, and that trigger can either occur naturally or man-made.

  104. Louis
    June 12th, 2014 at 12:06 | #104

    Very bad time for elite owner if u plan to sell above 700K ………RM 550K – RM 600K will be reasonable & affordable purchase price from ppl who need urgently a home to stay .
    They need pocket out at least RM 100K to completely own your unit + min renovation .

  105. Loh
    June 12th, 2014 at 15:53 | #105

    If anyone would like to buy Elit Height, please contact me at 012 4007093.
    Thanks.

  106. Steve
    June 16th, 2014 at 11:45 | #106

    Hi All,
    Unit 1A-9-11, corner, 1445sqf, garden view with 2+2 carpark.
    Original would like to rent at 1200.
    For furnish/reno, rental can nego.
    whatsapp or call me at 0164117317 if interested.

  107. Jen
    June 29th, 2014 at 14:55 | #107

    Hi All,
    If anyone is interested in penthouse unit 28th floor please email me jlohjeannie@gmail.com around 2.5k sqft, 2 carparks.

  108. Michael HONG
    July 3rd, 2014 at 11:00 | #108

    For Sales
    Elit Height 2
    High Floor
    Type: D1
    x2 car park lots
    Area: 1736sf
    Balcony face to PISA, Seri Malaysia Hotel, Equatorial Hotel….
    If keen, Please Call/Whatsapp Michael (Owner) +65 98554726

  109. Danial Neoh
    July 4th, 2014 at 01:19 | #109

    Serious buyer, prefer deal with direct owner, looking for

    Elit Height 2
    High Floor
    Type: D1
    2 car parks
    Area: 1736sqf

    My email is yhneoh@gmail.com. Appreciate if could drop me your best offer without needing to “massage” further. ^^

  110. jason
    July 4th, 2014 at 21:00 | #110

    Tell you what ? both 1 sky and elite is comercial title and cant be convert to residential,imposible..I am working in MPPP.Only TNB and PBA can be converted to residential price.If u ask me I will prefer to buy 1 sky rather than ELITE.1 SKY the layout is nice, very low den,and the maintenance fees is more cheaper compare to Elite,For me lease hold or free hold does not matter much, the thing botther me with ELITE is that ,both are expensive cukai and maintenance ..

  111. Wondering
    July 6th, 2014 at 11:09 | #111

    Hi All,
    anyone knows how to calculate the assessment tax? if purchase the unit at Elite with size ~1500. how much will it be turned out?

  112. penang
    July 6th, 2014 at 11:56 | #112

    Wondering :
    Hi All,
    anyone knows how to calculate the assessment tax? if purchase the unit at Elite with size ~1500. how much will it be turned out?

    About 2400…

  113. Reng
    July 6th, 2014 at 14:16 | #113

    @penang
    thanks. pretty high, so avg abt rm200 per mth. so plus maintenance fee,, will cost abt rm420. may not worth it as need to pay for life time.

  114. Hello
    July 10th, 2014 at 14:11 | #114

    Pent house 2600sf. Assessment 2250/year.
    Maintenance 0.15/sf.
    If compared to other apartment with maintenance 0.20/sf,
    saving from the maintanance can cover the additional assessment fee.

  115. jason
    July 10th, 2014 at 18:43 | #115

    As what I know the assessment is calculation based on your unit rental value…As what I know for 1400 Sqt the fee will be around 2400 yearly but we cant do anything about it .. even you appeal you will have to do it individually in court and someore with federal goverment ,,,better not… but if the maintanence is at lower side then still ok ,bcoz you can cover the addtional assessment.

  116. Hello
    July 10th, 2014 at 21:49 | #116

    I think assessment for 1400sf should be cheaper because a 2600sf unit the assessment fee is rm2250 per annum

  117. 4UNME
    July 11th, 2014 at 16:43 | #117

    Hi,

    Did anyone know what is the correct defination for FREEHOLD and LEASEHOLD

  118. Hello
    July 11th, 2014 at 17:29 | #118

    Freehold – you own the land, the property tends to apprciate over time
    Leasehold – ownership is accorded by the government for terms of 30, 60 or 90 years, and the property price will increase initially but may erode when the time draws nearer to the expiry date, it will then be more difficult to obtain loan from the financial institutions.

  119. jason
    July 11th, 2014 at 19:50 | #119

    Free hold- you are the only owner forever
    Lease hold-you own the house/land for certain period such as 99, 999 ect
    what will happen after that particular period…
    Either they will renew for another 99 , 999 years or pay you the market price to so some other thing… As time close to the leasing period your house will be facing a depreciation value.However the value will goes up again once the lease was renew.

    According to malaysian law, goverment got the right to take your properties if they wish to do something for the public regardless its lease hold or free hold..The only thing thing is that will free hold,,, you can do the bargain ( reasonable),,, for leasehold, once the lease period is over ,,, you cant bargain,, you have to take up what they offer you ,,,

    My conclusion here…. you buy a property for 400k( FREE HOLD) … after 20 years goverment wants to do something for the public and you fixed the price for 1500000,,,Do you thing they will agree to pay each owner ?If you are the only owner for that building maybe YES,,,otherwise think.?????

  120. Samtec
    July 11th, 2014 at 20:09 | #120

    My licensed property agents gave me a different picture.Yes,fundamentally Hello n Jason are right.But in Malaysia,any flat or condo after 60 years,is considered to be old and dangerous building and,fit to be demolished.Would you buy a flat/condo of more than 60 years old?.Besides,after buying a unit of flat/condo,how many years you can enjoy staying in it?They opine that freehold or leasehold does not make any difference at all in long run.You may not agree to this.But we all agree that the location and quality of the management of it will definitely make a lot of difference as long as the prospective rerurn/value is concerned.

  121. jason
    July 11th, 2014 at 22:08 | #121

    I totally agree with yu …FREE HOLD or LEASE HOLD does not matter,,,,location and quality will assure our place got value

  122. Truth
    July 12th, 2014 at 01:42 | #122

    @jason

    Only those who think like you will buy a leasehold property. Many will refrain
    from buying such property.

  123. penang
    July 12th, 2014 at 08:28 | #123

    Just comparing to same location~ elit height & 1 sky, I will buy for 1 sky as 1 sky is much more better than elit if you have visited both property…living quality in term of privacy, density, location is much more important than lease/ free hold….at least for high rise…you can stay at for two generation…

  124. Ur rite
    July 12th, 2014 at 10:52 | #124

    It took me 1+ year to dispose my lease hold property. First it is not easy to obtain loan, 2nd the buyer could not get the loan margin that they want, 3rd the state consent took around 3 months. Mine could be abnormal case, but I won’t buy a 2nd leasehold property. It was very painful when you are in the hurry to let go the property. During that period, I could not rent it out because of a. I did not expect it to take so long. b. I did not know how much longer it would take. It ended up with I paid extra interest of 6% for about a year.

  125. DogIsGod
    July 12th, 2014 at 19:11 | #125

    Free hold- your wife, you are the only owner and stuck forever
    Lease hold- your sugar baby, you own for certain period such as 99 days

    what will happen after that particular period…
    Either she will renew for another 99 days or you can get a new one with new lease.

    Unfortunately, both will depreciate in value over time. Best is not to keep for too long!

  126. david
    July 12th, 2014 at 21:16 | #126

    That’s too earlier to make conclusion as leasehold doen’t make any difference compare Freehold as we didn’t face or heard any about the take over by government after laps (Kampung Baru also the same, will renew after/during election :) ). But for the real scenario is after the period, government only compensate base on basic need for a family and not base on market price. Market price only offer/available for FREEHOLD assets. Leasehold is a big NO NO NO, as I don’t want left behind all the shit to next generation to face on.think about this, if the lease and freehold make no difference, why 1) Bank very relunctance to approve the loan on Leasehold, 2) Why depreciate when term approach, 2) Why u need to fort out huge amount of money to buy the term when it reach. Kampung baru also need 60 to 100k to get 60 or 90 years term for now. Imagine 99 years later need 1mil? 2mil to get 60years term

  127. han
    July 12th, 2014 at 23:24 | #127

    @DogIsGod
    In term of idiotness, anyone can beat this one?

  128. investor
    July 13th, 2014 at 00:48 | #128

    Investing rule of thumb in condos. Rule no 1 ..LOCATION. rule no 2 ..rental yield/ capital appreciation. Rule no 3 quality of property(good maintenance, management, surrounding space and age). Follow and your $$$ will multiply. Thats all. Seriously, if u meet the 3 rule of thumbs,there is no point considering whether lease or free hold because the 3 rules supersede it.

  129. Strawberry
    July 13th, 2014 at 01:12 | #129

    @investor

    Do you think Elit Heights have all these ?

  130. Ur rite
    July 13th, 2014 at 17:24 | #130

    Lease is sort of rent.
    Leasehold – you buy a house on a rented land.
    You need to sign a new land rental agreement when it is expired.
    The house is still belong to you anyway.
    When I purchased my leasehold property, I shared the same view that
    there is no differences between freehold and leasehold until someone from
    the financial institution explained it to me.
    The differences become obvious when it is nearer to the expiry date. If you want
    to buy a leasehold property, make sure it is nowhere near its expiry date. Otherwise you
    can hardly find a buyer with the equivalent price of a similar freehold property.

  131. 4UNME
    July 13th, 2014 at 22:54 | #131

    Me also looking for a house to buy in Bayan Baru.. As what I know there are only 2 condo available and also new ELITE and 1 sky…both got pro and con afer do some checking

    ELITE
    FREE HOLD
    LAYOUT NOT SO NICE
    HIGH DEN
    ASSESMENT DONT KNOW YET

    1 SKY
    LEASE HOLD
    VERY NICE LAYOUT
    VERY MUCH LOW DENS
    ASSESMENT HIGH

    Which one to choose? so confuse? If tenure,, then ELITE,, but terms of peaceful living 1 sky,,,,,confuse,, confuse,,,

  132. fiona
    July 14th, 2014 at 00:29 | #132

    @4UNME

    What is your budget?

  133. think.again
    July 14th, 2014 at 17:05 | #133

    @david u r not entirely right. You don‘t gave to fork out money when term expiry. Gov will never make u homeless.they will renew with just nominal sum or free for another 60 yrs99yrs etc. Gov will only collect the renewal term amount after u sell your property. By then u have another 99yrs lease and u can sell equivalent to freehold price.

  134. JBond
    July 14th, 2014 at 20:57 | #134

    @think.again
    it is provided the whole building is still safe to stay when the lease term is expire may be 70 years later. Else government will juts demolish the building and you get nothing.

  135. think.again
    July 15th, 2014 at 00:28 | #135

    @JBond what about freehold property ? do you think gov will not demolish the 70yr old freehold property if not safe any more ? If gov don‘t demolish then u will have to demolish at your own cost?

  136. david
    July 15th, 2014 at 09:52 | #136

    @think.again
    Ur not entirely right as well. What if gov really want take back the land? The land already belong to Gov, so they only need to compensate the house value. Don’t think about “FREE”, Kampung Baru renew for 60years also not free but with certain discount. Question, what is the development value for kampung baru? what is the development value for Pg Island? If I were Gov, sry guys, u better find a new home to move. I will take bck the land……Example: Singapore HDB.
    Ur putting your generation in risk for sure this is 101% for 99years later….imagine shortage of land, boom of population. And now u taking about renew with FREE????? with 10% u already can thanks god laio.
    Leasehold only suit for investment purpose with short & midterm (5 to 20years) for rental return and cheaper entry cost. Is big NO NO NO for own as a home till next generation.

  137. JBond
    July 15th, 2014 at 12:39 | #137

    @think.again
    The value of Penang properties compare to other state is the LAND price. You still are co-owner of the land for freehold properties after 100years, which the land price may be already 10x increase. You get nothing for lease-hold properties. You can easily get similar condo build in Taiping for probably just 200k, because land is cheap there.

  138. June
    July 21st, 2014 at 12:04 | #138

    Looking for Elit block c, unit 08. (E3-08)
    Anyone willing to let go please let me know, tq.

    017-4115099

  139. Jaz
    July 31st, 2014 at 21:12 | #139

    Elit Condo For Rent, Fully Furnishing, 4 Air-conditional and car park.

    Please call 012-4753950 for details.

  140. Pen
    Pen
    August 4th, 2014 at 22:12 | #140

    Elit 1, 1710sf corner, 4+1 rooms. Fully renovated, newly furnished. No broker. Whatsapp Tan at 0124641333.

  141. Mike Chan
    August 6th, 2014 at 17:51 | #141

    Serious buyer, no agent pls. Please email me hoay_0809@hotmail.com or sms 016-4348445

  142. univar
    August 6th, 2014 at 21:54 | #142

    Outrages RM3,000 cukai pintu!

  143. JJ
    August 6th, 2014 at 22:31 | #143

    OMG, so this is commercial title too? That’s too bad

  144. JJ
    August 6th, 2014 at 22:35 | #144

    The gov shouldn’t let dev use Condo for this, should be SOHO or commercial unit. So misleading.

  145. cukaman
    August 7th, 2014 at 00:20 | #145

    I think relevant gov agency need to come out to explain their calculation of the tax to the people of elit heights. Cukai pintu rm3,000per year is just too much for residents. I heard 1sky and 1world Kena tax rm2000plus per year. Maybe we can join with them to seek gov understanding of this issue. Will promenade, Arena and olivetree also will have this issue later or even higher tax? Hope all can join hands…

  146. BB
    August 7th, 2014 at 00:38 | #146

    Is water and electricity commercial rate or residential rate? If it is residential rate then it is a bit weird when tax is commercial rate..confuse la like that. There is a condo in relau which is commercial title, golden triangle OC soon…can ask them to join also.

  147. PPT
    August 7th, 2014 at 02:21 | #147

    @4UNME
    Check out Reflection, Meridien or Tri-Angle. All these are just 3-5 minutes drives away from the property you mention. They are freehold, residential title , quality Amenities and most important the price still considered affordable.

  148. GT
    August 7th, 2014 at 07:57 | #148

    @BB
    Golden triangle condo is under residential title which mean everything (electricity, water, assessment….) is under residential rate

  149. Curious
    August 7th, 2014 at 09:45 | #149

    univar :
    Outrages RM3,000 cukai pintu!

    So fast have to cukai pintu?

  150. Think twice
    August 7th, 2014 at 12:39 | #150

    @Curious
    Pls makesure don’t simply buy…makesure is residential.. Elite height is issue already..problem..not worth..

  151. PPT
    August 7th, 2014 at 13:54 | #151

    Check out Reflection, Meridien or Tri-Angle. All these are just 3-5 minutes drives away from the property you mention. They are freehold, residential title , quality Amenities and most important the price still considered affordable.

  152. joe
    August 7th, 2014 at 14:12 | #152

    after 1-World, then 1-Sky, now this Elit Heights to join the “high assestment fee” party….omg!

  153. PPT
    August 7th, 2014 at 14:15 | #153

    State goverment should be tough and not bow down to demand to lower the price, else it will be come a trend to buy commercial unit and protest for lower rates.

  154. Ros
    August 9th, 2014 at 11:55 | #154

    @PPT
    Affordable??? You must be kidding..All the property u mention are in range of RM600k to 700k… Don’t keep repeating the comment here.. Nothing related to u if u not interested on Elite height..

  155. elit-tgt
    August 17th, 2014 at 10:31 | #155

    @GT Is the shops below golden triangle condo under residential title? Then the utilities and assessment tax also follow residential?if the shops also residential tax Then it is not fair to Elit heights. How come double standards.?

  156. icom
    August 17th, 2014 at 13:31 | #156

    I think golden triangle condo is under commercial title. The cukai pintu shouLD be commercial rate. But I think the rates should be cheaper because of lower valuation. Actually the different percentage multiplication for residential and commercial is only 3 to 4 percent. It is the yearly valuation that makes the big difference.

  157. condobuyer
    August 17th, 2014 at 13:45 | #157

    For me , I can still accept the rates because I want the location. I am considering either elit, 1sky, arena or promenade and most likely shortlist elit and 1sky. I decided to skip 1world because no swimming pool.

  158. chong
    August 17th, 2014 at 14:23 | #158

    @condobuyer

    Have you seen the pool at dpiazza? Mostly used by banglas. All the apartments in bayan baru will end up the same situation. are you sure you want to share the same pool with them? they will give you STD you know.

  159. Bangalasia
    August 17th, 2014 at 15:14 | #159

    @chong
    Bangla in farlim SVP alot la..Elite not sure..

  160. Strawberry
    August 17th, 2014 at 15:43 | #160

    @Bangalasia

    SVP no Bangla and Bangalasia , don’t bullshit.

  161. condobuyer
    August 17th, 2014 at 17:16 | #161

    Where is SVP? Anyway I agree with strawberry u r a bullshit-ter. My brother stays at dpiaaza and I did not see any banglasia. I am not considering this condo because I want bigger size and higher floor.

  162. chong
    August 17th, 2014 at 18:39 | #162

    @condobuyer

    I didn’t say banglasia, I said banglas.

    What is banglasia by the way? An intercoursial product of a bangla and a malaysian?

    You don’t know where SVP is? Banglasia bs lah, there’s no bangla there yet, mostly “lost souls” that couldn’t find their home anymore!

  163. Casey
    August 17th, 2014 at 21:33 | #163

    @Chong..

    LOL…one don’t get STD from swimming in the pool lah…

  164. chong
    August 17th, 2014 at 22:42 | #164

    @Casey

    It depends on the chlorine level. You have to make sure that the chlorine is at suitable level, otherwise very risky. Your innocent children might get infected.

  165. Bangalasia
    August 18th, 2014 at 00:07 | #165

    @chong
    No matter how.. This property is commercial… and close to FTZ…many foreigner.. Disadvantage… Many choice rather than…elite…

  166. Casey
    August 19th, 2014 at 11:21 | #166

    :)

  167. Casey
    August 19th, 2014 at 19:28 | #167

    Time is money, especially when you are talking to a lawyer or buying a commercial.
    Frank Dane quotes . SO MUST ACT QUICKLY BEFORE IS TOO LATE…..:)

  168. fiona
    August 19th, 2014 at 20:06 | #168

    Agree with Casey, time is money. Every minute you sit on the property that cannot be sold will cost you money. Might as well sell it cheap.

  169. Ed
    August 19th, 2014 at 20:47 | #169

    @Bangalasia
    I just sold my mid flr unit 1485 c/w 2cp at 695k. I m not dragging longer.

  170. Ranee
    August 19th, 2014 at 21:43 | #170

    Mudah advertised high floor 1423 c/w 2cp only 650k nego.

  171. lol
    August 19th, 2014 at 22:51 | #171

    Serious leakage problems….the ceiling has plenty of wet patches

  172. chez
    August 19th, 2014 at 23:33 | #172

    I didn’t notice any wet patches this morning when I viewed the unit. But luckily I did not make any offer, the owner wanted RM640k for his 1423sf unit. I didn’t like the place anyway.

  173. laurent
    August 20th, 2014 at 17:59 | #173

    in property guru, if you search carefully, 600k nego for 1465sqft. I doubt anyone selling higher than that, coz my agent property friend told me actual sub-sale for Elit is cold, could say almost zero. Rental from 2k down to 1.2k, not sure 1.2k got any tenant?….any insight

  174. Jaz
    August 29th, 2014 at 11:45 | #174

    yes, the high Cukai Tanah make pp hold back.@laurent

  175. Jaz
    August 29th, 2014 at 11:53 | #175

    Elit Blk B, 10 Floor, 1465 sqf, Fully Furnished with 4 aircond.

    For Rent 2000k

  176. freshair
    September 1st, 2014 at 23:44 | #176

    Elite Block B, High Floor, 1486sqft, Furnished, 2 Car Parks, Very Nice Bridge View.
    Rental Nego. Email- freshair0004@yahoo.com

  177. Ah Chai
    September 4th, 2014 at 20:48 | #177

    Lai! Lai! Sapu sapu! Cheap! Cheap!

  178. Casey
    September 6th, 2014 at 12:58 | #178

    “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” ~Franklin D. Roosevelt“

  179. sam
    September 14th, 2014 at 22:37 | #179

    i got 1 unit with 1486sqft for rent/sell, interested, pls e-mail below, thanks.
    iphone1225@yahoo.com

  180. GSRealty
    September 17th, 2014 at 16:18 | #180

    1 unit for rental/sale urgently, owner need to release. Golden chance.
    1465sqft, flr >16level, 2 carpark.

    1. Rental = 1200
    2. Sale = 550k.
    3. PM: gsrealty@gmail.com

  181. f
    September 17th, 2014 at 16:47 | #181

    what is your phone no?

  182. Cindy
    September 17th, 2014 at 18:17 | #182

    I won’t trust any agent, buyer or seller that afraid to include their h/p number… 100% scam..

  183. Casey
    September 20th, 2014 at 16:56 | #183

    RM550 k !! So cheap!!

  184. Desi
    September 21st, 2014 at 16:44 | #184

    OMG! RM3,182 assessment!

    I regret buying this SOHO with commercial title. The PBA & TNB also charge commercial rates!

  185. Juni
    September 21st, 2014 at 16:50 | #185

    For owners, better unload fast! The psf price keeps dropping.

    In fact, there is a long queue trying to sell at RM450-RM500 psf.

    For buyers, just be patience, wait for year end clearance. It is buyers’ market for condos at Bayan Baru. I see psf dropping below RM400 in 2015.

  186. TK
    September 21st, 2014 at 16:56 | #186

    I concur! There would be a boat load of condominiums flushing the sub-sale markets in 2015 for the areas in Bayan Baru, Sungai Ara, Relau..etc. Many of them are slated for VP in Q1 Q2 2015

    There would be at least 2,000+ condos available for sub-sales in 2015.

  187. GH
    September 21st, 2014 at 20:08 | #187

    Very sad. All the engineers’ hard earned money in bayan lepas going into developers pockets, for the next 20 years coming.

  188. Casey
    September 21st, 2014 at 20:18 | #188

    I would like to clarify that the electricity and water tariffs of Elit Heights are residential.

    Please stop the untrue comments and seek clarification before your future comments and speculation speeches. Please be considerate.

  189. curious
    September 21st, 2014 at 21:48 | #189

    @Juni
    @TK
    @GH

    How about those up north? Are they crushing down as well? Normally pricey condo drop faster right?

  190. SP
    September 21st, 2014 at 22:30 | #190

    @Juni

    Why need to waiting until 2015? See below from GSRealty the unit want to sell about RM375psf only. The price even cheaper than some of the new project condo in mainland. hehe…..

    September 17th, 2014 at 16:18 | #182 Reply | Quote 1 unit for rental/sale urgently, owner need to release. Golden chance.
    1465sqft, flr >16level, 2 carpark.

    1. Rental = 1200
    2. Sale = 550k.
    3. PM: gsrealty@gmail.com

  191. JWalker
    September 22nd, 2014 at 02:50 | #191

    That was a fake ad to get business.

    I contacted them and they had sold the unit. They try to sell me other units at 470-490psf.

  192. Juni
    September 22nd, 2014 at 02:56 | #192

    curious :
    @Juni
    @TK
    @GH
    How about those up north? Are they crushing down as well? Normally pricey condo drop faster right?

    It’s Economic 101, supply vs demand.

    There are thousands of sub-sale units coming on sale soon in the Bayan Baru areas. The DIBs are over after VP. The speculators have to unload to avoid interests.

  193. tt
    September 22nd, 2014 at 10:19 | #193

    @JWalker
    This was agents’ tricks all the while to get clients……

  194. SP
    September 22nd, 2014 at 13:12 | #194

    @JWalker
    470-490psf make more sense la.

  195. Concern Buyer
    September 24th, 2014 at 15:57 | #195

    Im a serious buyer for elit height. Pls drop me an email (only direct owner).
    email: lokeharata@yahoo.com
    1000~1400sq ft

  196. durian
    September 24th, 2014 at 16:29 | #196

    @Concern Buyer

    You are very lucky, as you will be spoilt for choice and price!

  197. cl
    September 24th, 2014 at 16:38 | #197

    i believe the property price will be better by end of the year and before next year GST since propoerty price expected will be up after GST next April.

  198. tuang
    September 24th, 2014 at 17:57 | #198

    @cl

    You’d be lucky if everything is still intact by mid next year! Interest rates will be going up.

  199. Huhu
    September 24th, 2014 at 22:45 | #199

    cl :i believe the property price will be better by end of the year and before next year GST since propoerty price expected will be up after GST next April.

    For me, interest rate up…will be impacting on property sale (primary and secondary market).
    Sales sure drop…..–>less demand

    Developer will continue supply. If not, how to make money?

    GST—>All prices will up…..

  200. JN
    September 25th, 2014 at 17:54 | #200

    looking for fully furnished unit for rent @ RM 1500 ( block C small unit also fine) to Intel expat.

    Any owner interested can contact me @ 017-4115099

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