Design looks like Singapore HDB. Wondering what is the soft launch price and if there any additional road to this condominium. Am excited to buy a unit there.

Heard will soft launch in July. Better register with Ideal now. Usually they only inform buyer via SMS.

I believed the entire area (SPI + One residence) will be a very nice residential area once fully completed.

I think they will open additional road to this condo else need to drive to Sungai ara there..

There will be a new entrance going into one residence along Jalan Tun Dr. Awang. That road will go through one residence and connects to SP setia’s traffic light.

How about the noise level? the location is so near to the airport and may be very noisy during airplane lift & landing.

If got extra road then should be OK to buy for own stay. the price quite reasonable also.

experienced one time. only minimum noise

Price reasonable?? Seem to be RM450k onwards based on information from internet? What is the maintenance fee looks like? 0.20 cents psf? When it is expected to obtain it’s TOP status? year 2014 or year 2015?

They told me it is around RM450k onwards, but the price is not confirm. I feel that it is going to be higher during launching. Forgot to ask about maintenance.

Did not ask about OC. But based on standard 3 years delivery for strata development and added some buffer to get Sales permit and OC, I think it will only be ready by early 2015.

Just got information from Ideal. RM330 psf. Not a cheap price for local people to purchase it.

RM330psf still reasonable, now in penang island very hard to find RM330 psf condo d..

open for register or booking?

Open for registration only. Will launch in July (according to developer)

RM330 per sqft x 1450sf = RM478.5k already… how come it said start from 450k?

The developer told me around RM450k and above. The price may go up during launching and depending on market. Once I got the launching price, then I’ll update here

May I know how to register with ideal?

You can call +604-645 6888

I’ve registered with Ideal for this as well. Looks promising if the price holds (tho unlikely). We’ll see in July.

admin :experienced one time. only minimum noise

I don’t think we can get the actual feel on ground. Just worried that the noise will become significant when go higher. Any comment? Any nearby condo so we have a real access.

Ideal Regency remain net seller now with no buyer. FV will be same fate in future?

dun put your money on risky developer like this. you may ended up waiting for 4 or 5 years to get your OC and key.

look at their profile and record:
Ideal Regency –
The One apartment near PDC/D’piazza
C.E.O

tell me, which one is completed on time ?

Anyway, they are quite success for the Sathu Residence at Sg. Ara. Don’t you think that?

1 thing i like them is, they know what customer/market taste. their product idea os good. but do u want to risk you money or get problem later after staying ? if u buy for flip, probably still ok, the worst just wait for longer OC. Not encourage for stay…what if after the one finish, the developer change company name again..then you have headache to handle strata title stuff. this developer wellknown for using different name..why? you should know. just like why you use a different in web..to avoid ppl come to look for u later.

This developer is well known 100% gangster developer and always delay their projects… Ideal Regency, The CEO. Local ppl won’t buy their property, this developer really have very bad reputation, gangster developer.. bring gangster for you when you want renovation. Don’t risk your $$ into this developer..else you will suffer in future… from Ideal Regency Victim

Hi khoo, can you please elaborate on the issues that you faced at I regency?

Can you call me 2 days before fiera Vista is launch …at 0174587403
I am very interested appreciate if that can be done

Please go to the office in kystal point to register!!! Ithink this project is launching soon by this month.I think property fair is coming soon in G Hotel and gurney plaza, you can also go there to register.

For god sake the property fair have been on news for weeks. Pls tell us something we don’t know。stupid

i think we should call them ‘gangster contractor’…and they are everywhere, not only ideal regency project. D’pizza also got. they are almost there one year..after that no more ‘kangtao’ they will move out. D’pizza case until the owner called police…
once every project obtains OC, they will talk to the developer to allow them to station there…and insist the owners buy something from them…

@Puto
yes, is true, it is hard to find condo at 330 per sqf in Penang island, in fact, this price is much lower than other projects in the nearby location

Unfortunately the layout not nice.

Is Ideal’s reputation so bad? I’m not so fancy about the location but look at RI Meridien next to SPI about rm400/sqft, with this price FV is considered ‘cheaper’… not sure if this will another CEO.

Developer with poor reputation, better watch up or avoid it. Look at the CEO or I-Regency, check out these 2 properties, especially common property there.

@BB
what the hell is wrong i-regency? looks completely ok to me?

Both CEO & I-regency has delayed their OC.

Hopefully this condo is not built next to the road that is used for pasar malam on every saturday. It’s noisy, jam and dirty. Besides, a new surau has just been built opposite.

Sounds like this project is not so encouraging….btw,
1. Who knows the exact date of launching?
2. Will the airplane noise been heard at the site?

Not just that, you can find very funny video in youtube on the way the sales manager is treating customers when they questioned on the delay of allowed tenancy. OC was obtained, but CEO’s buyers cannot start business as yet for quite some time.

@penangkia

OMG, please give me some motivation to buy this project, for own stay, else i will go for landed house at mainland seberang, Central Way G&G is my choice. I am still in dilemma between Fiera Vista and Central Way!

When is the lauch date? I think it may delays as current world economic very uncertain, people are cautious to get into property investment…

Hi guys, the below comments are not insulting this developer, however, thru fact.

The main reason developer always like to delay the on-going project (especially OC date) is becoz they like to switch the money from new project (let say, B) to the on-going(let say A). The “B” will affected and money delayed or not payout to contractors. Thus, contractors will slow down the construction “B” and affect OC. Also, they like “Chao Ka”(hokkien) to delay payment to Authorithy boards(TNB, IWB, PBA, Bomba, etc). So, how can you expect to get OC on time? Ohya…. One good about them is they get your money from bank very instant…

Last, when “C” project launch, money will transfer to Project “B” so that “B” can continue…. See how the formula work? Overall, they have less capital. If they have, in fact, they’ll not be so bad reputation in housing field.

Ask those purchasers on old Ideal projects, you’ll accept my inputs.

Btw, Ideal’s landed property in One Residence is doing well, am I right? But anyway, their One World construction pace is very slow, but just catch up recently and can see significant progress.

I am really doubt, and hear a lot comment saying buying condo in Penang is gonna to be high risk for investment, for both rent or re-sell, unless buy for own stay. But buying landed property you will never go wrong. This condo has nothing special, I will open up my eye to see how this project going to launch and sell….still got ppl queuing long long over few night?

One rice make hundreds kind of ppl, got poor got rich. For sure rich wont buy ideals projects so this projects will b demand for thosr not so rich but wish to invest.

Economic Crisis,
Yes, One residence is landed project. Ideal in past are all constructing condo/apt. What I’m saying here is landed has good payment by purchaser’s bank loan. Also, the DM for constructing condo/apt versus landed are not much different, but selling price are very large gap. So, landed still a good way to make money by developer.

is there any bigger plan from ideal on this side? as i heard they own bigger land than what is here….

without questioning the developer capability….. wonder how is the location here?

can anyone advice?

Heard is open for selling next week.

The per/sqft is still relatively competitive within the SG ara region. if you compare with reflection launch price RM330 per/sqft during 2009, Meridien starting RM398 per sqft.

As what I been brief by the sales they are opening new road, interchange between to main road will ease the congestion and new landscape (artificial lake) in front of the condo this will make the surronding better.

Bad – expect minor noise pollution as it is ~3+KM from runway.

I”m planning to book once it’s open considering the location is near FIZ. Rental or investment expect to be handsome

don’t count on the rental… you cant get expat to rent at that area, and the local FTZ working class will not rent a 500K condo there (they have a lot of choices around Bayan Baru, and prefer to buy one)..
for investment, what do you expect for the outlook of future condo price by developer with bad reputation? and be ready to tie down your cash for the next 5 years (or more?)
For own stay, it is OK if you can take the noise by the airplane take off/landing.

@LT

I agree that their reputation is not that good. Anyway, they have shown a success example for their landed like OneResidence which I think should be able to complete on time.

About the noise, I’m currently staying at Batu Maung which is much more nearer to the airport. Personally do not feel any noise distrubtion at all.

Perhaps, I’m may plan to book one during opening.

When is opening for booking anyway. Any idea?

@ JY is already open for sales…

Great to know that there are no noise pollution:)

@LT I don’t see any problem with this developer although there are hiccups for their project. I guess no one is perfect even for the current developer.

@JY
sorry the soft launch is 9/9
open for booking
you can view the show room at 1World

i called Ideal this afternoon and the sales person told me that can only register,
@ST, you booked it at the show units or their office? mind to share?

@CT
Understand is open for booking and RM10k to reserve.

I’m dropping by Ideal office by tomorrow to understand further.

wonder which plot is a good buy?

Got show house can see already?

sell also never send invitation card or inform!!!

Nwdays buy property must know the developer, heard that all the good units already booked by ppl and left only facing sun units and facing road units. Good Luck to you all

Very good buy 500K for a condo of 480 over units at the far end of penang. sub sale can goreng till 700k or even 800k. (this is what the Ideal expected)

all good facing units were mostly reserved by the employees of Ideal, left those bad facing units and yet sell for 500k++. (thisis a reality of current bubble build up situation)

9/9 go there Ideal office will be wasting your time and parking fee. (want to bet with me ?)

saw this comment in other blog…also I think the ~600K 1600sqf condo price is already very high, considering may get the nearby SP Setia terrace house of 20×60 is ~700K now…

“Dirty marketing strategy..by only launching 2 blocks out of the total 5 blocks, IDEAL is trying to create illusion that the project is selling like hotcake. Same strategy as Elit Height & Golden Triangle, yet now there are still units available from developer and the price is cheaper. The economy outlook is not good and market sentiment is downhill. Beware that IDEAL is not a cash-rich reputable developer. They may delay the launch of the remaining ~300 units and this can be another long delay project like I-Regency. Better spare your cash for some reputable developer like the nearby The Wave condominium at SP Setia.”

Mortgage tightening to hit high-end properties

http://www.theedgemalaysia.com/in-the-financial-daily/192453-mortgage-tightening-to-hit-high-end-properties.html

@MY Home

MY Home :all good facing units were mostly reserved by the employees of Ideal, left those bad facing units and yet sell for 500k++. (thisis a reality of current bubble build up situation)

Not really reserved for ideal employees. Not all the employees is affordable for the 500k – 600k condo. Some of my friends have booked a good unit just because co-incidentally they are going up to their office last week at the right timing. I don’t think they have good relationship with anyone in Ideal. People calling people and quickly all the good units being sold out. I also follow my friend goto Ideal to “Ke Po” after receiving my friend’s call. Still got some good unit available during that time. Because of budget problem, I don’t booked any unit of them.

@LT

SP setia terrace 60 x 70 for 700k? Peng Yu, please be updated lar. The best selling price now is 800k. Some asking price even higher but that is their business. No comment. But definately don’t have 700k now a day.

@WK

Don’t worry. I don’t think they will enforce the new rules if the market is slow down.

I guess Government will not implement based on net income, otherwise, many of actual buyer will not afford to buy most of the property in PG especially the fresh graduate. Property price is keep increasing every year.

I don’t think I have confident to put 500K debt for this bad reputation developer anymore after the C.E.O late completion issue.

Another point to note if you really want to take risk to buy, u must avoid sales-girl called Nancy, a very bad + lansi attitude sale-girl who think buying 500k is simple as buying 7-11 coke. It will be your bad day if she serve you.

@Seaan Lim Why must every fresh grad buy house when they can stay with parent house for few years and get financial stable first. Buy only when need neceesary la fren. Don’t b kiasu end up consumers are at losing end like situation now.

@Not so Ideal
May be she should change her name from Nancy to Lancy. haha…

@Seaan Lim

“The most severe impact will likely be on the high-end property segment and the mass or medium-priced market will likely see a smaller impact, particularly if first-time home buyers are excluded.”

Excluded the first-time home buyers but I’m NOT

@ WK, I am fully agreed.
@ Kent, this is not a ‘KiaSu’, the what-if system will impart to our overall loan gearing.

It is a good move by the gov, ppl nowdays taking too much loan eventhough they can’t even pay the loan, if half malaysian declare bankrupt just like tht, then our country economy will downturn. It is for the sake of the country, think of the future.

@KK agreed ppl keep borrowing like no tomorrow.

@BatuKia
is at One Residence.

Just visited the showroom

@KK Worst case is ppl now borrowing money for property speculation, not for real stay purpose. So the bank system must really tighthen the loan tap immediately.

@Not so Ideal Then it is my bad day also, I also had bad experience with the ideal office salesgal Nancy. I agree with you she is terrible lcly and very impatient old bitch. I wonder she got any link to the ideal GM lady, cos both equally terrible when deal with customer.

@ST Did you buy any unit ?

@Mei Mei
I think the Nancy that you were refering to is the GM lady.

@Everyone

Gov tighten up the loan is to avoid their race being kicked out from the city area as the property price keep higher & higher. Please wake up.

Yes, Nancy is a teribble old woman…lansi and ugly

@Mei Mei
i will make the booking on 9/9..

Is there any one queueing 3 days in advance out there or overnight in front of One Residence before the launch date just like Elite Heights project?

@KK

I don’t expect it will happened. No special discount or free car park for the earlier bird like what Elite do.

Just receive sms from ideal homes
Special Preview of Fiera Vista Show Suite.
Date :9-11 Sept.
Time :10.00am to 6.00pm
Venue :The One site (behind pisa)
Price from :RM478460
B/U Area :1450 – 1650 sqft

how is the response?

Tower 1 90% sold out at 1pm today

The wave SP Setia is better or Fiera Vista by Ideal or Meridien by RekaIndah is better, don’t know how to choose??

Wave SP Setia selling how much?

FV selling like hot cake. Seem like this is the future market trend.

SP Wave – I’m asking around and look like no one can confirm for the price psf.

Definitely expensive than FV which is only 330 psf. But don’t know whether it is competitive is compare to MR.

@FireDragon

my 2 cents advice. hope will help you decide. Both project has good and bad.

FV = med density
= price/per sqft around 340
= new road opening between sg ara and airport interchange
= near airport.
= surrounding is Terrance house
= Monthly maintenance ~RM170-180

MR = low density
= price/per sqft around 397
= Wave by SP Setia coming soon (500+unit) the uphill road will share with existing SP Setia residence and MR…expect some congestion during rush hour
= Beside/Back of MR is low cost apartment.
= Monthly maintenance fees >RM200++

@SM

SM i miss my chance today as i’m out town…i call Ideal they say 2 block is open..How about another blocks. Any info how many left?

@ST
Only Block 1 and Block 5 is opened for booking. Block 3 and 7, no news yet. As for today, block 1 is fully booked, only 1 or 2 units left which is unit 05. Unit 01, 02, 03, 04, 05 will entitled to RM15k discount because there’s no view. Level 3A, 4 and 5 of unit 01, 02, 03 and 04 will entitled 4 free car park because of no view. Those units are still available as for today. Block 5 only about 50% booked as for today too.

Mostly left in block 5 is 1650 sf. Block 3 and 7 heard that price going up till RM380 psf. Kena goreng by penang ppl again. Good luck to all….

Worth to buy this project? I’m still deciding either GO or NO GO. Any advise?

It is worth to buy of you have the extra cash in your hand for investment. The area is good and the design is not bad too. If you do not have excessive money, then do not bet on this project cause this project will take a long time to be completed.

Rainy day but overwhelming response.

Just back from FV show room. 1450 unit fully sold off 1650 not much left.

To those still considering should take up decision ASAP

I managed to secure a unit with 1500 sqf on Saturday evening. I felt that this property has a better location as compared to Meridien Residence or the The Wave. Buying a new property is better than buying a sub sale property.

@@ndrew

Today I when to the show room and all the 1500 sqft already sold out
U managed to get which floor for 1500 sqft one?

Initially by lookng at the brochure, I don’t like the FV layout floorplan for all type of design.

After visit their show room then only I realize both 1450 & 1655 sqf unit’s layout is not ugly at all. In fact, both design are able to suit my requirement to have bigger space of living hall compare to bedroom.

I start to love their design after my visiting. Without taking too much of consideratin while seeing the unit taken rate is keep rising, finally just book a units on spot. No regret at all when I fetch my wife to pay a second visit to the show room in the next day. Feel happy with my decisive decision making.

Some may say economy bad or bla bla bla…… for me, every things should be over after this project accomplished in year 2015 or lately 2016.

@FireDragon

I book a unit 1450…guess is a descent place to stay

Good interior design for the show suits, and the layout looks as spacious like landed house. Only draw back is the rooms other than the master bedroom are small. Just enough to put in a bed and and cupboard. Overall is good design.

My unit is above Level 5. WK why do you fancy 1500sqf unit? @WK

Dear future owners of Fiera Vista,
Please feel free to visit Fiera Vista Facebook page that I have created => https://www.facebook.com/?ref=home#!/pages/Fiera-Vista-Condo-Pg/283305981695758?sk=wall

Please also remember to like this facebook page. Sharing is caring.
https://www.facebook.com/?ref=home#!/pages/Fiera-Vista-Condo-Pg/283305981695758?sk=wall
Cheers, Andrew

@ST

Congrate. Finally u to make it happen. In fact, 1655 have a wider living hall which is totally look like a bungalow unit. No more lower floor unit left so I’m just go for 1450 sqf type as well.

@Ken Done Ken.

OMG one more Gangster project again? My neighbours and friend is the victims.. they told me not to buy this project bcoz they always use gangster to bully.. force you to use their service.. when i told them im interested on this project. they convince me not to buy.. do you guys have such experience? please share..

I booked one unit (1450) facing the pool just late yesterday evening. Love the layout.

Mikey, which tower did you book?

@ThinkTwice

Nowaday this is happening for high rise everywhere in penang. My previous The Spring Condo from IJM also facing the same problem. As such famous developer like IJM also allow this to happened. What else those small developer like ideal.

If you are so KIA SI, then you better think DOUBLE twice before you own a property in PG. Perhaps, I may recommend you go for E&O projects which is so far no complain heard before.

@FireDragon
If you already prefer IJM project why still downgrade yourself for this type of poor reputation developer. You must be the IDEAL salesperson doing hard sale at here, this IDEAL developer is so poor that it doesn’t make sense to compare it with E&O and IJM.
Don’t mislead other lah salesman.

@Truth
Previously I’m one of IJM supporter too but now I also bought Fiera Vista unit… Why? IJM sell all those good units only to bulk buyers investor, at least, I dont see this happen on Ideal property, so I feel fair for us as the buyer

Tower 5, facing the pool @BW

@Candy

Fully agreed.

@Truth

Do some homework lar please. First 3 days lauching already almost sold out. IDEAL do not need to waste money to pay me for promoting their property at here anymore.

This is the first time I buy a property from Ideal even though I may hear about their bad reputation before for the late delivery of CEO. Anyway, I feel their sincerity of selling their property to those genuine buyers rather than bulk selling to those investor like IJM.

E&O, Mahsing, SP as so far still in good reputation. Nothing to comment.

You may carry on to put a lot a lot of bad comment about IDEAL at here as what you guys did in the OneResidence. Please go ahead.

The fact is : Their property gain confidence from the market and sell like a hot cake. hahaha………

@Mikey

1500sqf then must be the unit no.10? Good choice. Congrate.

@FireDragon
Unit 10 belong to 1450sqf at Tower1, 1500sqf at Tower 5…

I went there, but I walked out empty hand, I didnt buy because of few points creating my doubt. You all will tell me if I don’t buy now, future all condo launch will be 600k, 700k, but I will asking myself is this a real demand for it in term of affordablity of wages earning penang people ?

1)500k loan = need to commit rm1600 per months for 30 years ? quality of life will go down
2)sub sales 600k = will there be any taker ? this is factory zone, not tourist zone.
3)how many mnc workers can afford 600k condo for subsale ? will they rather buy other property at somewhere else ?
4)Ideal is notorious for delaying a project, will my money stuck there ?
5)look around that area, Elite, golden triangle, meriden, reflection, pavillion there will be added up to 2000++ units condo flooding the market when it completed ?

@ST
oh, you managed to book? block 5? Mine is 1450 Block 1

@Doubt,

Would like to add some opinion to the point of yours –

Buying property is really a personal choice, as long as your decision suit you. Not buying when in doubt is a not a bad move really. The call is yours especially when we are spoil for choices with new launching aplenty.

1. Rules number ONE – Do not listen to anyone when buying a property ( especially relative )

2. Rules number ONE again. Location + Concept = Potential

3. Developer background = peace of mind.

On your point #1 on the loan part, I think that very subjective. It might and might not be the case depending on individual situation.

Point #2 – Not sure about sub-sale of 600K, but I am certain the price is not going any cheaper. Historically, the property price in Penang seems to be insulated from down-turn and I think the price will hold, provided our rice bowl generator of MNC is still here and FDI maintain its momentum by choosing our sweet little island here. I think the out look for now is positive based on the new in-flow of FDI in Batu Kawan.

Point #3, If own stay no comment. To sub-sale to MNC worker, possibility. Sub-sale to expatriate, it will be like hitting the lottery. You will need to wait longer

On your point #4 aka Ideal is notorious for delaying project. I will agree on the reputation part but not all. Do let me share my lousy story with you. 2 years back, I missed the investment boat on White Lily because of the same sentiment you had on reputation. A damn relative managed to convince me on the reputation of the developer and the link-up with Penas.

I felt like a Gong-Kia now. Hell yeah I am cursing my relative now. Seeing the progress now, it’s beautiful. The moral of the story = property buying is really a calculated risk. In Ideal case, those who had jumped in on their gravy train (eg: One Res ): is reaping the rewards now. I bet the buyers for One Res have an evil grin now…. jokes apart, there’s no right and wrong. Ideal have their fair share of failure and some on-going success also provided they don’t choke half way.

Having said this, the risk will always be there. Penas was once the giant heavy weight developer of Penang. They hiccup, remember?

Good luck if you are still hunting…..

@Doubt

You are a rational thinker. Your doubt is valid as what I’ve think about the same question before. Anyway, after think twice, i’m still decide to take the risk. FV have some advantage compare to the rest as below :

1.) Definitely cheaper than Merridean, Reflection & The Wave (in the future).
2.) Surrounding by landed property which is a fully residencial area.
3.) Not a commercial title if compare to Elite.
4.) Not as high density as compare to Golden Triangle & closer to Relau low cost flat.
5.) Better location compare to Pavillion which is located at the jam traffic light junction.
6.) Downstair do not have commercial shop lots which may attract those foreigner worker to stay around and creating problem.
7.) Traffic shouldn’t as congested as compare to the area compacted with high rise + shop lots at ground floor like elite, d’piazza, 1 world, Arena…..etcs. The new proposed new path may ease the problem at least but I admit that it’s still not a guaranteed.
8.) It’s not a bulk selling at least may reduce the speculator.

The only risk I take :

1.) Developer may delaying the project as they have this kind of bad reputation before. But this risk may hedged with the zero interest until fully completion offer. May be you may tied up your capital for more longer time but without serving the interest.

2.) Quality of the project is unknown. I don’t know who is the contractor for this project. It’s my mistake forgeting to ask.

I think those future buyer may know how to compare & choose a comfortable living environment. The price of appreciation may not as high as in the past record but the taken up ratio should be better than the rest in this area. I’m not impinge the other projects is not good but just my opinion on how I make my decision. Just my 2 cents only, ok….

@CK
CK u r right! dont listen to anyone especially relative! I like this!
Last time I plan to get Summer Place but my father keep say near low cost la bla bla… now u see the price increase so high.
Recently I plan to get a unit from Setia Green, my father say there traffic jam la, very expensive la, not worth that value of money la. Make me hold on and finally i make up my mind go to Setia office all nice units being sapu. I miss the chance again…

Thats y I really agreen with ur statement :

1. Rules number ONE – Do not listen to anyone when buying a property ( especially relative )

@Miruku & @CK

Quick question, Do not listen to anyone but how about your wife?

Hahahhaa…………. just kidding. I may agree with your statement too.

Dunno when will launch another 2 blocks?

I wouldn’t say not listen to relatives (actually I was also victims of family objection that I missed some deals that I regretted till today but I can’t blame them as they have good intention) but rather listen to experienced & knowledgeable guys (which can be a relative too right?) in properties investments. Knowledge and foresight are critical for our decision making in property. What is ULU place now may change in next 5 /10year time.

eg..do u ask your History teacher with Add Maths questions if u hv doubt?

Actually, my point of view is,

A lot oppinion from friends and relative is good/informative, so that u get more info about the project/developer, and wont missout out some hidden facts. BUT, the final call is on you, U MAKE THE DECISION, you already got all those pros n cons from everyone and you have to make the decision yourself, based on how you gauge the risk.

Do not blame other people (frens/relative) if you are not stand firm and trust in your own choice lah…

(sorry no offence ya….)

I think this project is very nice – location, price, concept. Just a bit worry about the developer. Expect the price to shoot up when other blocks are launched.

The basketball court is so near to the pool. Swimmers must be busy collecting the ball from the pool

@BD

I’m worry with all the comment above however, taking all the consideration with descent environment, location (not congested like meridien & upcoming wave) and the surrounding i determine the buy one for own stay since the pros are more the cons (only developer reputation).

Hope this will help make up your mind when the phase 2 launch

Many months ago when I first knew about this project, I like it very very much. Near but not too near to FIZ, away from congested area, close to 2nd bridge. For me I don’t need to think too much til suffer headache, cos I can’t afford it

@Doubt I like your cool head analysis at least you are affraid of bubble property burst. wherther it burst at 600sft, 700sft, 800sft no body can tell exactly but to be sure is we are getting near to it. unlucky one will go bankrupt when you go into wrong timing.

@Tripple-H

If buy for own stay. Never regret. For investment, have to make sure you have the holding power when the market burst. The market forsure will rebound again after the downturn as the number of people keep rising.

Anyway, I’m still believe in “THE LEGEND OF PROPERTY PENANG”. It will never get burst.

Hi all, this is the first time I’m buying a condo in Penang and I choose FV. Hope that my decision is correct after hearing the bad reputation of this developer. My understanding is in the past, some project done by this developer ( example, CEO ) has be delayed but not abandon/stop completely, right. I have seen the I-Regency condo built by this developer and I love it because it is so nice.

Interesting if the new entrance that going into one residence along Jalan Tun Dr. Awang where will SPI traffic light, that mean tone of ppl from Balik Pulau / Teluk Kumbar will this as alternative road to bypass Bayan Lepas old shop lots… then equal to traffic jam again??

Hi all, is me again. Understand that the developer will bear the bank interest during the construction period until VP is given to the buyer. The developer target to complete this project within 3 years period. What happen if the project is delay beyond 3 years and the VP is also delay over 3 years, will the developer continue to pay for the buyer for the bank interest not matter how long the project is be delayed ? Meaning, the developer will still continue to pay for bank interest as long as the VP has not given to the buyer, right ? Appreciate whoever has experience on this can share the info as I’m new on this and very worry for buying this FV project. Thanks

In fact, nowaday, simply pick a project will make u earn money, the price will increase just because more and more ppl goreng them like stock market. I dun really agree with those supporting RULE #1 from CK . If you go back to 2007 and before, you really need to pick a project correctly (not simply based on you six sense). all those like summer place, setia green, or whatever ..ever project launch after 2007/08 are having bubble effect (price keep higher & higher after phase by phase launch, and after OC).

good luck to those new “investor”, make sure you have enough knowledge (not simply thru blog, but sensitive to developer background, the government move on the area you plan to buy, and think about a few years dwn the road how is the area wll be). and lastly, you MUST have holding power, else you will playing fire and will burn yourself 1 day..

@em

Yes, seem like your concern is valid. Thanks for lighting me up.

Anyway, in front of golden triangle will enhance the road into 6 lane. Will this help? Not neccessary all those Teluk kumbar traffic must use this new access road. The traffic may equally flow into the existing accessment road infront CHONG ZHENG primary school or straight away passby Golden Triangle to reach BJ.

For those MNC employee, they may take a turn into the Airport roundabout & goto FTZ by using Jalan Tengah.

Sound reasonable? What do you think?

@orange

Answer to your question is YES. The only worried is the developer bankrupcy and FV will become an elephant projects. This is a calculated risk you must take. Those sub-sale buyer sometime may blame the seller to have high profit but they never take into consideration for the risk that has been taken.

This is a realistic world. High risk high return. If you worrying too much. You will never own a property in Penang island. You may go for those branded developer like IJM, SP, Mahsing….etcs. but their selling price is skying high. It’s also a risk. Someone willing buying from you after you factor in your profit margin + the existing sky high price?

As long as you like the layout, location & the property fall under your affordability price for your own stay, you should go ahead with green light on.

@FireDragon
Most ppl buy house with 90% loan, i think alot of ppl holding power will not be strong. If the penang property will not burst by itself, then another factor will depend on the FTZ factory doing, if VSS coming, there goes the burst chain reaction as many ppl are not afford for the monthly repayment. Intel usually will be the signal if they slowdown, the rest will sure impacted. Is intel business good or going down ?

@Firedragon,
Good question on the wife part. If you are a new couple intending to purchase a new place together, it will be beautiful for join discussion and hunting together. Yes it will be wonderful in starting a family and a new chapter. The memories will be priceless if you know how to treasure it. If for investment, NO. Don’t listen to your wife also. Hahaha….

@Penang,
Without a doubt, you will need to do your homework besides hear say and obtaining factual data. This will involve the people close to you, from gossip and property agent etc. Besides knowledge and foresight, you will need your lucky star to shine on you. Yes, most of the time it’s the people that cares for you that’s the KILLER of your decision. Believe me….

@KS_rev
No offence taken. I am cool. :D. We are here to agree and disagree. You are SPOT ON that only U yourself will make the final decision. And no, I am not blaming my relative lah…. I am CURSING them left and right with a pinch of salt. It’s not the end of the world, I went on to other prime area. White Lily is not the only new development coming up then :). Just that I really loved Minden Height area. If you do drop by, smell the air around you, look at the pockets of greens around you. Birds chirping, quality neighborhood, the childrens around you, it’s superb.

@dunno,
Six sense is one of the greatest give to mankind ever besides your lucky stars. Not all project can goreng without the fundamental. In property term, I will relate this to location and the surrounding neighboorhood. It will be a gift if we can predict 10 years down the road. I am working on my crystal ball now. And yes, holding power. That’s a big word.

@Miruku,
Worry not, you will have ample choices at the going rate of Penang new launching. It’s like Duracell,… keep going ang going and going.. :). If you Setia Greens, keep an eye on the 2nd phase and also Sunway and BSG new launching. But be prepared for some arm twisting from BSG sales tactic.

@Miruku,
I meant to say ” If you like Setia Greens”….

penang full of rich ppl, the sub-sale price will increase to RM700k – RM800k for FV. Buy Buy Buy, do not consider so much sure make money… 2nd phase launching soon stay tune…

Meanwhile do you all read tht, Property prices on Penang more resilient, says expert…. Expert oso say like tht dunno what you all want to consider…. are you all more expert than the expert…

You are totally right @FV, penang property will only go up up up to the moon… Close eye buy also can earn… Penang is the gold mines in malaysia, can you all tell me gold price will it go down… think for yourself then… This property is 100% earn…

CK, totally agree on your statement….
Never ever listen to someone else when you are buying a property….
Do your own analysis and if you screw up, you only have yourself to blame…last time when I bought Melody Homes by Belleview in Farlim area, do you guys know how many criticism that I’ve got from my family and friends? I bought it for 174k, now I think the last unit was selling for 290k already and this is before the project received the OC yet, still 80% of the construction. The reason behind this investment was the project is near to my mom’s house. Also, with the All season project beside me, I’m hoping that it would lift the price of my apartment even higher (fingers cross)…

And yes, I was lucky that bought 1 unit of FV block 1 (1650sq feet). Due to the fact that the developer would absorb the interest, SPA, loan agreement charges…it’s just an icing on the cake…kinda surprise though that I was the 1st one who reaches their office during your launch day. I was expecting to fight my way in from getting “himpit” by bangla HAHAHAHAHA…

@CK
Setia Green 2nd phase all is semi-D out of my budget. I also like Sunway product, I have went to see Sunway Merica I was so impressed with their stuffs but too near to grave yard so finally give up becoz my wife ‘scare’ haha.. Any new project from Sunway at Sungai Ara?

HaeHuat…
This is my opinion…don’t get offended…
I’m not a religious type of guy, I’m more of a free thinker type…
Actually there are 2 way of thinking of the graveyard land…Ppl usually avoid having property near graveyard due to, u know what…the spirit thing…But if you come to think of it, here’s my take…if the feng shui of the land was not prosperous, ppl wouldn’t have bury their ancestors there in the first place…It is still an on-going debate whether that land is suitable for staying. You see the new project at Farlim Shineville Park, it is exactly on top of the grave and still ppl are buying it…I have a friend from China, he told me that the apartment that he is staying now, previously was an execution site for death penalty :S…so you’ll be the judge because it’s a never ending debate…:D

@HaeHuat,

Sunway have acquired (to the best of my knowledge) a big chunk of land in Sungai Ara. Planning to build and integrated mixed development there. 80acre. I have called to check a few time but the staff is refusing to reveal anything yet. My hunch is telling me, it will be good news as there would probably be more affordable range if based on economy factor.

This is just my guess, do not expect a cheaper price psf. I think they will downgrade the land built-up therefore it will look cheaper on paper. Something like Mandarin Quarter terraces… I think it’s only 60×20? Probably there’s option for double storey too I bet.

These heavy weight developer they are not stupid. Sunway Merica for example, why do you think they are giving you bigger land area at cheaper price with better specification? Your guess is as good as mine. It’s the graveyard proximity.

The thing is, we have no idea whether the new Sunway project is still on track.

@YY
First of all, congratulations on your windfall.
Had invested on the secondary market there too, but so far the appreciation is a bit lousy. With Giant hyper mart coming soon, I bet it will improve further.

@CK
ya I also heard before but do you know where is exact location for that 80acre land?
May be I will consider Ideal Sathu or Dua Villas bumi lot. But not sure release or not? I have call to Ideal check with them a few times, some sales girl told me not yet release, if release also they wont absorb SnP and loan legal fees then nothing diff buy from subsale or developer, some salesgirl told me already been release but all took by internal ppl so we not able to get. Now I also confuse dunno they already release or not..

@HaeHuat,

Drove past the area many times but have no idea on the location. Maybe I will need to motor-cross to reach the location as I think it will be nearer to the hill side.

It’s possible such a nice property will be sapu clean internally. I actually like the external design very much but not the location. Good luck

Hi all, is me koi.
After you have booked FV, when will the S&P be signed ? I heard the developer has not determine which bank for the buyer yet. The buyer can only borrow loan from the bank that selected by Ideal, right ? When will Ideal give their selected bank list to the buyer ? Can anyone share ? Thanks

I heard that you only have to pay Rm 10k as downpayment until completion
and now buyer don’t know which bank to get a loan. I think
I’ll have to look for other project to buy.

@Penang

Please don’t talk nonsence & pretend ignorant. Which project in Penang with price >400K just need a RM10K as downpayment until completion? If yes, I’m surely book for 5 rather than just one at now.

Kindly please go ahead to look goverment low cost flat and let the opportunity to other genuine buyer. That one I’m pretty sure you still able to save back 2.5k as the selling price is just 75k with downpayment 7.5k only. Anyway, it’s not free interest.

FV definitely is not your choice.

@koi

They already have a list of bank which cannot release due to the advertisement license not yet obtain. This is their common practise as what they did since OneResidence launching.
Pretty sure PUBLIC Bank (the most conservative bank) and AMBank is confirm as their panel. This being told by my banker friend rather than from Ideal.

The S&P will only sign by next year February.

CK,
I am expecting all season could be the next e-gate (10 fingers cross….hahahaha!)
ppl still have concern over the property in then teik and partly due to the traffic…i can tell u, batu lanchang going into farlim now, damn smooth after they made a minor change to the traffic light…but from farlim going out to batu lanchang…same story lor, jam.

Penang,
10k is for the downpayment/booking fees only. S&P will be sign in Dec or early next year, that is when u need to pay for the 10%, the rest ideal takes care of it until VP….now all the banks are waiting for the final word from bank negara…they are monitoring these 3 months on the supply/demand of the property market and i think partly it was to control speculators…now all the banks can’t give u the final package. from i what heard, as of now, the package is BLR-2.45%. it could be more, it could be less….we’ll just have to wait and see in dec…

Tripple-H :@FireDragon Most ppl buy house with 90% loan, i think alot of ppl holding power will not be strong. If the penang property will not burst by itself, then another factor will depend on the FTZ factory doing, if VSS coming, there goes the burst chain reaction as many ppl are not afford for the monthly repayment. Intel usually will be the signal if they slowdown, the rest will sure impacted. Is intel business good or going down ?

As long as penang is majority owned by CHINESE population, the holding power will never be a problem. Couldn’t deny that there might be a minority of playing fire people get burn.

Yes, there is a slowdown & hiring freeze among MNC company nowaday. This is the reason why someone is always wish the S&P could be delayed as much as possible. If they can drag the completion until 2015/2016 then it should advantage for those buyer who bought for investment. During that time high possibility the downturn has been overed & pretty sure the property price may jump into next higher level.

Anyway, this may pity for those buy for stay owner who need to wait for longer time.

Just to share my 2 cent of opinion.
I believe Penang will be better and better under the present government leadership.
When the air port expansion is completed in 2012 and 2nd link on 2013, the location of FV will raise to the next high living standard area. This will boots up the property value of FV. So, it should be a good location for investment. Agreed ?

I just wish Penang could go Independence away on it’s own from Malaysia just like Singapore….!!!!!

YY :
I just wish Penang could go Independence away on it’s own from Malaysia just like Singapore….!!!!!

then we need lim kuan yew not big canon lim guan eng to lead penang

totally agree with you @koi, that’s what going to happen exactly. FV price will appreciate. So next two tower price should be RM500 psf instead of RM380 psf. We the 1st batch buyer 100% making profit. I m glad to book 1 units, i smile when i sleep at night thinking of it.

@Central unit

Who is Lim Kuan Yew? Do you means Lim Chong Yew? Anyway doesn’t matter who lead penang as long as not those monkey like “Bo Hood” & “Hao Nam” from Gerakan anymore.

Opps…… we should bring in politic into this forum. Unfair to the others. Let stop here.

-n-

@FireDragon
Lee Kuan Yew is Singapore prime minister, you can see the result of Singapore today… Lim Guan Eng is good but with limited power, can’t do anything… So next year GE, we penang lang know what to do liao right…

Sorry. Typo. “We shouldn’t bring in politic into this property forum …………………. ”

If want to talk about politic, please goto search some in cari.com. & don’t bombatic at here.

Latest news from Ideal. This project got > 7 banker participate. Confirm one is Public, Ambank, UOB, HSBC, HLB, OCBC, RHB. The rest still in nego. More choice and competitive rate compare to previous Ideal project.

I’m thinking of 2 reason why more banker participate for Ideal project.
1.) Banker gain confidence from this developer.
2.) Banker business not good. No prawn, fish also taken. Simply sapu.

hahahaa………………… :

i think (2) from FireDragon will the reason.. Maybank is not in the list. today, the property market is still very “ONG” and happening, a lot new investors (guess hawkers or anyone will jump in), so bank will sure sign in to gain profit as long as buyers will sign their S&P and loan agreement before the downturn (which pretty close from now, guess is 1 year from now). this is the reason why Maybank is still under consideration as we know this developer like to delay the S&P sign. Bank will not care about what happen to developer or buyer after loan agreeement signed, as it is buyer to worry about downturn to worry about property complete or not by developer, to worry the selling price.

@FireDragon
It seem that you are promoting your sale here.What kind of project is this ?
1)Pay 10k as payment/deposit and sign S&P in Dec.”OR” early next year.
2)Common practice as what they did to One Residence.

Advertisement license not approved yet but start collecting deposit. Very
good confidence.
This is also a total lost project. (As you commented in other
project ). For those who intend to buy, consider carefully as their time
of completion is also a longer period, BUT must have confidence because
it’s a common practice.

Whattt!!!! Pay 10K now then only sign S&P in Dec or next year Feb? then 3-5 months later only send for stamping? No wander 2016 only get VP; for invest or stay is not good at all; time = $; invest 50-60K for nothing until 2016? Not smart at all

Some more this area is flooding… tracffic jam… how to get sub sales?? By 2016, sub sales want to look for 800K? 1Million? threy are much more others there by 2016…

Just fail… no word…

I’m wondering, is Summerton good? Opposite putra place…

@FireDragon
Is the location good? fengsui good? traffic good ? Environment and view good? You are promoting ideal illusion project, make ppl dream of your idea. After all this location is at far end of penang with nothing at there, not convenient and yet the traffic is connecting to the busiest FIZ route that jam everyday. Hope this project is not like C.E.O illusion, layout size shrinking and continuously delay with OC approval problem. You dream enough lah, don’t invite other to dream together with you. Be prepare and dream for 5 year from now.

Is the bank interest bare by developer until completion?

Sharing & promoting is 2 different things. No doubt, I like this project with giving a lot of pros but I also keep emphasis about the risk of this project for the developer past reputation. It’s not consider promoting anymore.

I personally can accept for delaying delivery but definitely can’t accept the actual layout size shrinking as mentioned by @BAD. I will do some fact finding about this comment. Will posted here about the finding soon.

Welcome more input about this project regardless pros & cons. I’m not yet signing the S&P, at least still got time for me to evaluate to go or not to go.

If you must lie, do it intelligently.Talking rubbish to suit own needs.Do you
remember this line dated Sept 13th. 2011 ?
“This is the first time I buy a property from Ideal even though I may hear
about their bad reputation before for the late delivery of CEO.”

Now you said,”at least still got time for me to evaluate to go or not to go”
We are not stupid but you are. Another gangster project.

@FireDragon

@FireDragon
If you must lie,lie intelligently. Do you remember this line you said dated on
Sept.13th. ?”This is the first time I buy a property from Ideal even though I
may hear about their bad reputation before for the late delivery of CEO”

Now you said “I’m not yet signing the S&P, at least still got time for me to
evaluate to go or not to go”.

We ain’t stupid but you are. Trying very hard to promote another gangster
project here. Talking Nonsense.Hey,go join BN but you won’t get far either.

@Penang
What’s wrong with that? If I’ve decided to buy the property and only paid the booking fee, I’d also say that I already bought it. Everyone knows that no one sign S&P for FV now, so until now there are no buyers, but a lot of “bookers”??

@BD
Nothing wrong. It’s for the people to judge.Can see that he is very busy
giving comments here and there.Sometime become “Feng Shui” master.

@Raja
yes share by the salesperson…looking to get one?

BD :
@Penang
What’s wrong with that? If I’ve decided to buy the property and only paid the booking fee, I’d also say that I already bought it. Everyone knows that no one sign S&P for FV now, so until now there are no buyers, but a lot of “bookers”??

BD is Firedragon, Firedragon is BD? Wtf need to use 2 identity to Bullshit!!!

Wow…. since when I become feng shui master? Sound interesting. FireDragon will never change nick name in forum for Tembak or kena Tembak. Hahaha….. If afraid of kena tembak, I hv already change nick name in Shineville park forum.

@penang. Sound like you are interesting to bombarb me more than the FV project just because I have put bad comment in Shineville park before. Doesn’t matter. The truth is I’m the first time “booker” from this gangster developer. I know about their bad reputation of delay. But these is the only first time I hear about the shrink size in layout. Give me sometimes to do fact finding. And ofcourse, it’s not for you! It’s for the goodness of the rest of FV buyer for their awareness.

Just a kindly reminder again, don’t bring in something politic like BN, DAP, Lee Kuan Yew, Lim Guan Eng, or your father or your mother name at here. I think most of this forum fans will agree with me.

Please go ahead to criticism more about this project with solid data. I would like to know more than whatever I don’t. Thank you in advance ya.

@FireDragon Call urself as firechicken better la, r not qualify to comment when u just parking ur filthy 10k as booking wher u can chicken out anytime. Act like smart Ass to comment as of u already signed the snp. U comment r totAlly rubbish and wats more u can ask ppl dont talk lim kuan yew or lim guan eng here. Chicken feet

I think we need to respect other ppl’s view or opinion, different opinion makes our world in balance.

Oh~ (*o*) After reading thru all the comments, seem the fire is burning from Shineville Park forum till Fiera Vista forum because of bad comments given in Shineville Park.

No wonder this forum look like more personal attack than given constructive suggestions and recommendation for us as buyer that I’m looking forward… =(

Beware this person with many identities trying to deceive others for personal
benefits. Will say and curse anything to achieve own agenda.

Too naive and inconsiderate and bad childhood upbringing to produce such a
big liar. Talking rubbish.

Hi all, please be claim down on this exchange information forum. doesn’t matter the comman is bad or good, all of us MUST have one same common objective>> that is to protect us as The Buyer. To maximise buyer benefits and minimise buyer risk, all of us shall work together as One Team and sharing important info. I believe the developer is also having ” his internal people ” to join on this forum and hear the common from buyers. The developer’s internal people can also spread good new/information about FV and try to confuse us. So, it is very important for those who has ACTUAL EVIDENCE to share his/her True here so that we ( Buyer ) can understand the Real situation. Let us go back and focus on our common objective on FV development. Thanks

@koi
100% agree with u~

Just went there this morning, tower1 fully book. Tower 5 still have at least 40%. I think the layout are not bad after visiting the showroom. Below is the in formation that I get

For those who need this info
maintainace fee: RM180 (not sure correct or not since the maintainace may change after AGM is form)
free legal fees for bank loan and S&P (estimate can save up to 20-30K)
interest: Free until VP obtain
1650 sqft free 2car park while 1450 free 1 car park. Extra car park =20K.
10K for booking and S&P expected to be sign by early year 2012
Chepaest units that available start from >540K

So far i think the project are good except the land is a bit lower compare to one residence/setia pearl island. Just a bit dissapointed that i do not afford to own 1.Just curious, why penang people always so rich until buying the condo like buying vegetable in market?

just my 2 cent!!

@AJ
“why penang people always so rich until buying the condo like buying vegetable in market?”
Don’t hate the player…hate the game…

@notty
Sorry, when the buying stop then the speculation stop. The root cause is the people not the game.

sign S&P at 2012? guess completion will be around 2015, hope the downturn not yet hitting Penang in between these years. If yes, you know, the developer financial is not so strong..high chance of material cut cost or abandon…

good luck to you guys

Penang :I heard that you only have to pay Rm 10k as downpayment until completionand now buyer don’t know which bank to get a loan. I thinkI’ll have to look for other project to buy.
@Penang

This is the only nonsense rubbish you post before. The rest is just a personal attack or politic talk. Have you put any pros or cons comment about FV to let buyer to consider? Who is liar, who is rubbish….. let ppl to judge lor.

U r always persuade ppl to look for other project. Grape sour feeling because of you cannot get a good unit or you are not efford to buy? Opps….., I think not for both. U must be try to promote your ShineViller park

Buy back your Shineville park with ex-graveyard

@FireDragon
For your info, all buyers that booked Shineville Park are financially strong.Why ?
They paid the booking fees and have less than 7 days to pay up their
downpayment.

They don’t need time to accumulate cash till next year or so to pay the up
rest. If I choose to buy this condo, I can pay now,sign the S&P and no need to
wait till next year. Why wait till next year to pay ?

@Penang
Agree. this is Ideal weakness. Not understand why they don’t want to launch it when only SnP is ready to sign.

why Ideal only correct 10K from buyer now and the balance of 50k has to wait until SnP sign in late December 2011 or early 2012 ? What benefit they will get ? Are they still waiting for any legal documentation to be approved or bank loan issue ? Can any one share the correct info. thanks

@koi
They are waiting for advertisement license according to their manager. My only question is why they don’t want to wait until get everything get prepare then only launch it?

@koi
This project Borang B1 (Pelan Bangunan) submission is still in process and not yet get approval from MPPP. How IDEAL allow to sign S&P and collect the (10%-10k) from buyers le? Late Dec’2011 or early 2012 is only their estimation. It is possible drag longer like Golden Triangle condo by GSD.

http://www.epbt.gov.my/osc/Borang_info.cfm?ID=217300&NoForm=Form4

Let’s see –

RM10,000 x 470 = 4.7mil
If half the take up rate will sum up to 2.4mil
This will come in handy to pay off some small scale contractor for their on going project. The question is, is Ideal in need of this fund at the moment to ensure the execution of their project? Finding out some details before bluntly placing your booking will be a good idea.

Many ” I think this is a good buy”, “I think it will appreciate”, “I think Ideal wouldn’t fail me” and the worst is ” I think the signing of the S&P will be on XXX date” is enough to freak many potential buyer away.

Taking booking months away from actual launch (S&P) is one of the strategy to ensure the project is on track. This trick will help Ideal to gauge the actual demand for subsequence launching and also the potential revenue already on hand to kick off the project.

It is your damn right to know what’s going on buy not “thinking” too much. No hard feeling to buyer here, this is what “I think”. Cheers 😀

take money upfront before S&P a few months from S&P, there are only benefit developer but nothing else.:-

1) Once paid, buyer consider locked up with the unit. even economy crisis happen after a few months or soon, wont impact developer. BUyer need to pay the unit they booked.
2) Extra money on hand for developer to play with, they can use for paying other projects, or invest in other place (because no money needed so far for Fiere Vista, no land clearing, no contruction , nothing).
3) it will help to estimate how the sales go..and fine tune the projects definition (number of units, unit size….) if market is not accepting well for it. whoever paid will just have to accept whatever changes made to the project.

1 thing i observed,
Scenario A – if the coming near term economy or property industry is a good sign, developer will wiling to wait till legal documentation and S&P ready so they can sell the property project with a higher price at that time.
Scenario B – But if they foresee the industry is going bad in near term, developer will quickly launch/sell their property project before missing the boat. Even without a legal advertisement or S&P ready.

@dunno & @CK

Thanks for sharing.

Initially I have the same thinking as you guys before. But when I try to evaluate in details, seem like all mentioned couldn’t reflect the actual scenario.

First, FV allow people to pull out in full refund as long as before S&P. Secondly, all the booking cheque is open for San & Associate legal firm. Lawyer is the state holder until S&P. San & Associate is a famous & trusted socilitator which I don’t think they will pakat & let go the cash flow to Ideal illegally. (Just assume. May be they have other loop hole.)

Nowaday the taken up rate is almost 80% with most of the good units is being fully booked. With the withdraw flexibility provided by developer, this project may end up with No buyer at all by the end of S&P. Why they take so big risk as they are not a big company? They are not affraid all buyer pull out? Is this their strategy to gain confidence from the market which they have lost so far?

For the Scenario B from @dunno. I’m fully agreed. Some of them will quickly launch their project but some of the developer may even on hold for their project. There are a few projects has already on-hold in the market which is supposedly launched in the mid-year.

Just my personal thinking.

Hi guys,

Seem like 2/3-storey mosque/prayer house will be built on here… Wow!! 3 storeys…

CADANGAN MENDIRIKAN: FASA M a) 1 UNIT RUMAH BERIBADAT 2-TINGKAT b) 1 UNIT BIARA 3-TINGKAT DI ATAS SEBAHAGIAN LOT 8009 & 8013, MUKIM 12, DAERAH BARAT DAYA, JALAN DATO ISMAIL HASHIM / JALAN TUN DR. AWANG, BAYAN LEPAS, PULAU PINANG.

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=274115&S=S

Can someone please check with Ideal? Where will be the mosque located? Thanks.

Those units above level 3 and facing esst, 100% sure you will not open window when u sleep; good luck.

Hi all,
I called up Ideal this morning to check the mosque status. They told me no mosque is be built in their final layout plant. They told me the final layout plant has been approved by MPPP. Can anyone in this forum team go to MPPP to check the final approval layout and the approval number just to make sure Ideal did not lie.
Sorry I couldn’t go as I do not have experience on this, but this info is very important to us as buyer.
Also does anyone know what is the minimum sea level for FV condo ?
I just want to make sure FV is build in the high sea level and will not have potential flooding issue later. Appreciate someone who has good knowledge & expereince on this to do some through checking and share with us. Thanks

Anyone can advice how to check the layout plan? Can we check it online?
As you can see in the link above, the application is sent Jun 2011 and is in process currently. Unless that Ideal sent another proposal which is later that Jun…

Status Permohonan : P – PROSES
Agensi : Majlis Perbandaran Pulau Pinang – P.Pinang
Kategori Projek : A – Projek Biasa
Jenis Pemajuan : A – Perumahan
No. Fail Rujukan Permohonan : MPPP/OSC/PB(3802)/11(LB)
Tajuk Permohonan : CADANGAN MENDIRIKAN: FASA M a) 1 UNIT RUMAH BERIBADAT 2-TINGKAT b) 1 UNIT BIARA 3-TINGKAT DI ATAS SEBAHAGIAN LOT 8009 & 8013, MUKIM 12, DAERAH BARAT DAYA, JALAN DATO ISMAIL HASHIM / JALAN TUN DR. AWANG, BAYAN LEPAS, PULAU PINANG.
Untuk Tetuan (Pemohon) : IDEAL PROPERTY DEVELOPMENT SDN. BHD.
Jenis Permohonan : B1 – Pelan Bangunan
Tarikh Terima Permohonan : 14-Jun-2011

Hi Concern,
Thanks for the sharing.
From where do you got the above information ?