One can visualize the master plan through this link:
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=103465&NoForm=Form3

The main concern is not the mosque as I guess the mosque won’t be close to FV. However, the main concern will be the proposed 7 storey biz complex and 16 storey office block which most likely will be build in front of tower 1 and tower 3. I guess tat is part of reason why extra 10k jump between 7th floor and 8th floor.

I think there is already one mosque (or big surau) next to tabung haji, i don’t think there will be anymore within one residence.

@nice
was trying to visualize until headache.

what is the diffrent btw mosque and big surau ? they still sing loudly every morning ?

@koi

You can get the mosque info from here:
http://www.epbt.gov.my/osc/Borang_info.cfm?ID=205616&NoForm=Form4

@nice

The master plan is submitted on 26-Aug-2011 and RUMAH BERIBADAT 2-TINGKAT (1 UNIT) & BIARA 3-TINGKAT (1 UNIT) is in it..
So i guess the mosque is pretty confirmed…

it just beside Taman Sri Bayan; no matter how, as long as you are talk building, the echo sound will not run away;

You no need to belive me; i just tell what I have been experinced before even it was far away for my case.

This gonna be a big concerns to the buyer…. surrounding that area do have the luxurious landed house like SP setia’s project…. just wondering why the mosque will proposed to build over that area? this is insane…. if this gonna be true, for sure will affected the properties price!

I remembered the complete One Residence full layout that shown by Ideal during the FV open booking day did not have the mosque. The One Residence project including landed property house, FV, schools, shop lots, complex office, etc, etc which is build in the total land area of 100 acres did not show any mosque will be built in this 100 acres project. So, I believe the mosque is not in this One Residence project scope. Can anyone go to Ideal Office to have a face to face check with their Project Manager ? The best chooice is to go to MPPP to check the actual approved layout for the entire One Residence project. Hope someone in this forum can take up this important task for the benefits of all buyers ( us ). Many thanks.

J) 1 BLOK RUMAH PANGSA KOS RENDAH 16-TINGKAT (534 UNIT) & KEDAI DI TINGKAT LANTAI BAWAH (21 UNIT)

Where do you think this low cost house will be build, 534 units seems like it is a big low cost apartment there?

So many on-going projects developer, surely not easy to handle, do you guys think it’s stable??

Hi all,
I checked with Ideal and they told me this 16-storey low cost house is located at the opposite far end of FV. The entrance to FV will not go through this low cost house. Hope the info I got is correct. Has anyone go to Ideal office to check with their project manager ?

Koi, thanks for the sharing. did you manage to check with the sales official regarding the mosque location? which block you have booked? my friend also interested to get one but i think tower 1 and tower 3 should be fully book.

Even though will not pass through this low cost flat, but it will make the area full of banglas. 534units and mosques is near there too… Value will not appreciate much based on this few points…

It do not matter how oposite, how far end; all are under the same 100 arces development area; all of these only can reach by 2 road; is just jam jam jam, mess up at all!! unless everyday you take helicopter in/out

@HTBLV
You are right. Penangites are rich, can afford helicopter. No worry. Should ask them build one helicopter landing place there as we need it.

I call to sales office today and the sales person denied about the mosque as the reason given is there is already have a pre-existing mosque beside SP setia.

I can’t tolerate with the answer given without the final fact finding. May be I should print out the MPPP pelan cadangan & ask directly to their GM, Nancy. I will do it soon because it like putting a bomb beside your house.

@FireDragon

do you think Nancy will ask your question? don be silly. they will keep on saying no Mosque….once she answer yes, the impact will be big to the projects, and she alone cannot take up this. Bottomline, Ideal will not response to any question you ask.

if you need the asnwer, you probably should go to MPPP.

or probably, check with vendor/contractor

dunno :
@FireDragon
do you think Nancy will ask your question? don be silly. they will keep on saying no Mosque….once she answer yes, the impact will be big to the projects, and she alone cannot take up this. Bottomline, Ideal will not response to any question you ask.
if you need the asnwer, you probably should go to MPPP.

they’re famous for being irresponsible lah

Hi all im housing loan officer from affinbank.You can contact me for loan application and enquiries.Thank you.

@Housing Loan Officer

Please provide email address or contact#.

Housing Loan Officer :
Hi all im housing loan officer from affinbank.You can contact me for loan application and enquiries.Thank you.

stupid officer how to contact u without number?

Anyone could advice the procedure to get the final master plan from MPPP? What’s the process? I would like to figure out the location of proposed mosque. Thanks

@FireDragon

Please share with us with your finding once you clarify with Nancy. Thanks

Hi all my email add is nirmala_831@yahoo.com or nirmaladevi@affinbank.com.my or my hp num is 016-4023110.Thank you

Hi Kim and Fire Dragon,
Thanks for your willingness to go to MPPP to check the One Residence Plan. This is important as the MPPP Plan will give us (buyer) full information without worry any lie and hidding information from Ideal. My understanding is you just need to go to MPPP office and request the approval plan for One Residence project, and you may need to pay some fees probably just RM10-20 only. If you can ask MPPP make photocopy on the plan, then it is so much better. Please get the approval plan Register No from MPPP for the entire One Residence project plan and do share with us. Again, many thanks.

it is just beside the 2 shop lots of Taman Sri Bayan; I think is from different developer where co-develop the 100 acres;

I hope what I saw is wrong, the foundation already build… is quick big flat area (at least 5 feets higher than original ground)… Just go and check your own (see by your own eye)…

But, what to worry? It is everywhere… as long as landed with lower sea level, you are safe of this (although might have water flowing issue); not like those high ground at opposite road, or the talk building in here which will not run away…

Hi all, i am new here. I wonder why level 16 is cheaper than other unit (1450 sqft) which is less than RM500K.

That’s because it’s top floor.
Top floor usually has water leaking problem or hotter~

Hi, any update abt the mosque? Thanks.

Every sector of this project is ok,

Location is good, pricing is OK, layout is not bad.

The only thing i’m afraid of is the developer, have been hearing rumors everywhere about the bad things of the developer which makes me lose interest, and they don’t have any nice track records as I heard “regency and ceo” screwed up badly, anyone care to share?

@condomana good location, good price/persqft/ good layout/ descent location (near airport).

That’s my 2 cents advice.

The wave is 450 psf. FV 340 psf definitely a good price.

@ST

ST :
@condomana good location, good price/persqft/ good layout/ descent location (near airport).
That’s my 2 cents advice.

that doesn’t answer my concern, my main concern is the developer……………

@condomana
What concern you have? I think it is a good piece of property if you got the $$$. I do not have enought $$$ to bet on this property else i sure book one unit.

They talk nicely when you purchased their property but they turn their face when you cancelled. Is this gangster’s atitude?

“We dont want to know why you cancelled but you have to fill in the cancellation form with REASON”, a statement from IDEAL sales personnel. Do you think this statement is logic? Dont want to know but need to state the reason in the cancellation form????

@victim
Feel bad for you, this is definitely gangster attitude. There is no management from the developer to their sales person and it is useless to complaint either as you can see the youtube post of Nancy the manager which is very rude too and nothing is done.

Just can feel sorry for you victim.

@victim
Are you canceling because of the newly mosque planned?

I think more will cancel once they find out the newly planned mosque location…

Please plan ahead if you want to cancel as they neey ONE MONTH to process refund!

KK :
@condomana
What concern you have? I think it is a good piece of property if you got the $$$. I do not have enought $$$ to bet on this property else i sure book one unit.

@KK

Still, you didn’t answer my concern.

Anyone could answer my concern? I don’t feel comfortable with the developer..

anyone has any idea where is the exact location of the mosque?

Y pay more for ideal n the Nancy dog

@condomana

Everyone have their own choice… Well, you can take a look on OneWorld and OneWorld2 progress. It seem to be in good progress. Of course we do heard some bad reputation for this developer, and late delivery of project… and so on. Just my two cents, Nowadays Penang Properties is like hot cake. I believe for those have land in Penang Island, they should be able to delivery the project. This matter is really subjective. So its your own choice whether to go ahead or not.

Yes, hot cake is one thing, delivering the project is one thing, as you can see, handling one project isn’t easy, their past and previous projects(they did it quite fast at first) and what happens next? 4~5 years to get the completion. That’s the main thing i’m talking about. Delivering the project. The progress can be fast, but can they deliver? So far they have not have any “Good track records”

@condomana
Have you booked any unit?

Their track record are not so good for previous project but for One residences, it is very good. It completed on time and this project is on tht piece of land too. If you keep on worry this worry that, ppl who booked already earn $$$ because of the property price appreciation. If you got the $$$ just go ahead, sure earn 100% earn can guarantee… Nothing you need to concern, the only concern is you do not have $$$. Even it 4~5 years it is sure earn project, so it is 100% more worth than the interest you get from the bank. So, ppl still booked without need to think. Do you understand how to play the game condomana…

Do you understand to play the game? Maybe you can enligthen us how to play game? I do not think condomana need your assistant on this area. Oh my, i am excited to learn to play game :p

@CK
why you say so CK, you knw condomana. You two one gang.

@FV

May I know One Residence had already obtained their OC? if not, then it’s still under on-going project category mate.

If think possitive, late delivery may advantage to Investor expecially during this economy crisis period.

Appreciation direct proportional to Time. If the time drag longer without paying extra interest, why not?

Get the key after economy recover may able to sell at higher price. The only concern is the developer whether they are able to pass through this world wide recession.

For own stay, then definitely is a bad news for them.

Anyone of you when we can start to apply the bank loan?

@ppl188

delivering late or early is not the matter, the matter is, the developer able to deliver or not??

@condomana,
To be fair, Ideal is famous for late delivery but they did complete the projects. The previous residential projects at Krystal Point were bad in the accessing road design (under another developer name, before change to Ideal). I-Regency & CEO were completed, although long delayed.

All, It’s not a mosque. It’s a Church.

@FireDragon

Where did you get the news?

@All

It’s a 3 storey shop lot kind of Church. The third floor is a prayer resting room. Initially proposed as light industrial shop lot but get rejected from Gov due to residencial area. Lately bought over & customated as Church. TNB main power plant will just allocated beside of this building.

@FireDragon

This confirm the b) 1 UNIT BIARA 3-TINGKAT, which is the 3 storey church..
But how about a) 1 UNIT RUMAH BERIBADAT 2-TINGKAT ?

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.

lim :
@FireDragon
This confirm the b) 1 UNIT BIARA 3-TINGKAT, which is the 3 storey church..
But how about a) 1 UNIT RUMAH BERIBADAT 2-TINGKAT ?
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. this will be indian temple, 1 malaysia all together

Dear All FV buyer,

Some correction:

a) 1 UNIT RUMAH BERIBADAT 2-TINGKAT – It is the Church as I mentioned before.
b) 1 UNIT BIARA 3-TINGKAT DI ATAS SEBAHAGIAN LOT 8009 & 8013, MUKIM 12, DAERAH BARAT DAYA – It is a place for Nuns to stay.

Confirm No indian temple.

I will definitely NOT going to make a purchase with this developer……… delay delay delay end up paying interest for nothing

developer will be absorbing the interest till OC, so even if the developer delay, buyers will not pay interest

Condomana, If you don’t wish to get this project, you can always go for other project as long as you are capable to.

We have to understand the story behind the developer. It’s true that in their previous project, there were delays. I was told that Ideal was started by this old guy (the father) who did a crappy job in all the projects. However, recently, his son (younger generation) took over and everything changed from there. You can see now that One Residence is going strong, so is One World project. That’s why they also changed the company name to reflect the change in leadership. If we always say “last time this” and “last time that” without understanding fully what has transpired, we will be fixated in the past. Last time Singapore was kampung and padi field and muddy banks, today they have surpassed Malaysia in terms of development.

sincere :
We have to understand the story behind the developer. It’s true that in their previous project, there were delays. I was told that Ideal was started by this old guy (the father) who did a crappy job in all the projects. However, recently, his son (younger generation) took over and everything changed from there. You can see now that One Residence is going strong, so is One World project. That’s why they also changed the company name to reflect the change in leadership. If we always say “last time this” and “last time that” without understanding fully what has transpired, we will be fixated in the past. Last time Singapore was kampung and padi field and muddy banks, today they have surpassed Malaysia in terms of development.

Hi Sincere
Your story does make sense expect for one thing
All developer GM does not go around calling people ‘Dog’ do they? Fish rot from the head first.
And the incident happened from recent project.
I personally cancelled 2 bookings made previously with 2 other developer, they handled the situation professionally. No sour face, just hoping that i will reconsider and wanted to know what is the reason.

Becksum7, sorry to hear that. didn’t know that. anyway, it’s my 1st time dealing with them, so far OK, but i haven’t canclled any booking with them yet.

I have to say, One Residence is not even their completed project and take a look at their website, they didn’t even put effort in completing their projects as well as their poorly maintained website which makes you feel “tidak apa” at all. Perhaps Sincere is too sincere to them as a buyer which made them proud, hopefully they can deliver this project in 3 years but not 5 years. Like their CEO and i-Regency project. I can even see that they did not put effort in labeling their project name,

Such as, One Residence, One World,Sathu Residence, Dua Residency, Tree Residency.

The label is like, ran out of ideas of labeling, it’s very off standard i have to say

condomana :
I have to say, One Residence is not even their completed project and take a look at their website, they didn’t even put effort in completing their projects as well as their poorly maintained website which makes you feel “tidak apa” at all. Perhaps Sincere is too sincere to them as a buyer which made them proud, hopefully they can deliver this project in 3 years but not 5 years. Like their CEO and i-Regency project. I can even see that they did not put effort in labeling their project name,

I was advised by bankers before that they really have bad reputation last time, even they are having HARD-TIME selling off their current house which was developed by this company(so-called father’s company) without the strata title issued. I’m interested in this project, but after I heard comments from bankers, I cancelled my booking
Such as, One Residence, One World,Sathu Residence, Dua Residency, Tree Residency.
The label is like, ran out of ideas of labeling, it’s very off standard i have to say

@condomana

Wow, all talk about bad thing on developer, but some support this developer too, as no choice, want to buy their property, so need to ‘think’ & ‘look’ positively. Good, there is always a change, change for good, but can change to become even bad or worst. Anyway, buy property in Penang Island no need to look at developer la, worst come to worst, just wait for extra 1 or 2 years, not a big deal, and you can see the appreciation even higher once completed.

You can ‘not to trust this developer’, but you can’t ignore their so many projects line up, and how many buyers are there? Go and throw one stone, can easily hit one of their buyers for One World, The One, Satu, Dua, Tree Residence, One Mansion, Fiera Vista, i-regency, C.E.O, and etc. So strong line up, so good track record (as they don’t have any abandon project).

Who knows, they will come out another project call Empat Residence (4, all see).

Sathu, Dua, Tiga, Empat all not good name. Better just simply call it 001, 002,003…and the different layout can just give it name it with a type of fruit, like 003 strawberry, 002 Banana, 003 Orange, etc etc…hahaha…..

You like the name or not, doesn’t matter. But, this developer is one of the top player of property development in Penang.

One World will be their next trade mark, a solid track record, but the progress is still a bit slow, hope they’re improving.

@House Father
Yes their next trade mark ,”a solid track record for slow progress”.

@Ah Dog
Actually they have abandon projects. Just that using different names. For those who are long enough in penang property market will know they are all from Richfocus corporation.

Taman Krystal Park was one of the most recent abandon project under the name of Cantum Kaya.

http://www.kpkt.gov.my/kpkt/fileupload/terbengkalai2011/jun11/29_Projek_Still_Abandon_15_JUN_2011.pdf

http://resources.alibaba.com/topic/801070366/REAL_ESTATE_SCAMMER_CANTUM_KAYA_AND_RIICH_FOCUS_CORPORATION.htm

The correct url

http://www.kpkt.gov.my/kpkt/fileupload/terbengkalai2011/
jun11/29_Projek_Still_Abandon_15_JUN_2011.pdf

Also, try google for Taman Krystal Park

See this…

http://cforum.cari.com.my/viewthread.php?tid=777759

Also, recently some buyers of CEO just came to realised that the facilities in CEO is not free for purchaser. You need to join membership in order to use their swimming pool .

In order words, the swimming pool, gym and clubhouse is NOT part of the common property for the purchaser.

Those who gave praises for Ideal obviously have not been doing homework. Still sleeping?

There’s another solid record also, this developer is blacklisted for ” Gagal Menjelaskan Kompaun” as recent as 2011… a regular on the list.

They couldn’t care less on their own reputation. Do you think they will give a dang on what praises is coming from you? Business is business. You pay, they build, and it’s delayed again, and maybe bye bye for good….

CK :Those who gave praises for Ideal obviously have not been doing homework. Still sleeping?
There’s another solid record also, this developer is blacklisted for ” Gagal Menjelaskan Kompaun” as recent as 2011… a regular on the list.
They couldn’t care less on their own reputation. Do you think they will give a dang on what praises is coming from you? Business is business. You pay, they build, and it’s delayed again, and maybe bye bye for good….

Just take comment from Internet with a pinch of salt.
Who knows how many Ideal staff are self gloating their company using different account.
Must be sign of slow sales and desperation.
Even with 100% impeccable record. Calling customer ‘Dog’ is unforgivable. Period.
Heck, even Saddam Hussein and Ghadaffi update their Facebook daily. Doesnt mean they are still in one piece.

Wow, so many negative comments on The Ideal Story, yeah, real experience from friends also telling the same thing. But, what is the point? People just don’t care, and still buying. So, say again, no need to look at or study any other developer when you buy house in Penang Island, as so many buyers buy their properties, there will no other developer worst than this??

Property price is direct propotional to time. The longer time being… the highest price is it.

I buy this project by purposely to put a wish that they will delay the delivery until 5 year or more.

5 year down the road, all the surroundng project like Golden Triangle, Arena, One world, Meridean, Elite … etcs has been completed and digusted by the market. Less competitor when FV is ready to sell.

No interest pay until OC. Why not wait longer? More longer time… more advantage… more appreciation. I just consider to park my money for longer time to gain higher appreciation.

The only thing to afraid off is the developer could be bankrupcy. As long as FV not abandon, profit is a sure.

The legend of Penang Island………. No matter how bad the economy, you will always see most of the project selling like hot cake.

WHY? The only answer is the property price in penang island just like one way ticket train. Got up but no down.

Don’t believe, see by your own eyes 3 years down the road from now …………….

Be reminded -> I say PENANG ISLAND only ya. Don’t code my word for the penang mainland.

@ppl188
It is not fun if the project delay for years eventhough the developer is paying the interest for you. Delay are usually due to funding issue. It is not guarantee that the developer will continue to pay for the interest.

When the project not started still ok. But if the project already completed 70% and the project on hold, and developer need to bear the intereset of the 70% paid amount. Do you really think they will continues to pay for another few years?

At the point when the developer know it is running a lost to complete the project, it is better to abandon the project from business perspectives.

Imagine if the project on hold for 3 years after 70% completed. Very likely the developer would just abandon the project. Because if they continue to complete it after 3 years of delay, the total cost of paying the 3 years interest + the 3 years delay penalty @10% of purchase is a huge amount of money. it will make the project become not profitable. That’s a good reason for them to just abandon the project.

To be fair, for Fiera Vista, it is still Ok if there are still many projects in pipeline under the same company. You only need to worry if this is their last project

i cannot trust this developer, they have plenty of projects but none completed, you have to understand the machinery needed for construction, man power and site arrangement. this is not a joke, i bet this project will be completed on year 2020

Haha, have your ever seen ‘ban chan kuih’ (pan cake) making process? There are a lot of the pana (projects) but have limited cover (fund), so, when making ban chan kuih, the cover need to move from one pan to another pan, all pans never able to be covered at one time. So, this developer is making ban chan kuih style, cover here and cover there, so every ban chan kuih cooked very slowly, you just hope you are not putting money in the last ban chan kuih where the cover never come.

So far, i only see Two ban chan kuih from this developer, and many people complaint no delicious. These two are called i-Regency and C.E.O. [luckily can use The One World ‘cover’ these two pans, else, not sure these 2 ban chan kuih can be cooked or not]; haha, The One World flavour ban chan kuih is being cooked slowly, not sure delicious or not.

D-Pizza already cooked very long time, although not very good look, but habis dimakan, delicious, but see, the opposite ‘ban chan kuih’ still not cooked yet, anyone can tell, how many years there already?

Haha, the ban chen kuih cover leak kut? So can’t cook.

I noticed that you’re running everywhere,it seems that you’ve no place to go.
Don’t try to make fun on people because you ain’t smart. If you have the $$,
you will be the first one to face such a situation long time ago or even
to the extend of commiting suicide. ( See No Open).

Haha, you must be the buyer. I am sorry, you will have your hot and delicious ban chan kuih soon. Enjoy.

@J&J
Please don’t mention about ‘commiting suicide’, you will make the place dirty, like i-ragancy….

Haha Ah Dog
That is funny. You got it spot on with ban chien kueh.

just wondering did anyone of you (buyer) receive call / mail from ideal for the when we can start to apply loan?

Loan not now. You will only sign loan once they call you to sign S&P. So that will be a few months away.

Better dont buy this condo, not worth for investment or stay. the developer got really bad bad records. I & my friend before get other condo, we want to get this but after heard and found all the bad records, so we bought other instead of this condo. for those already bought its ok, just hope this condo wont get same fate/review. for those not yet buy, please consider again.
you can found everywhere complaints about this developer. SINCERE guy, i dont know you are the salesman or developer agent, but the story you made is not the fact. which you said the father did all the craps and his son did better now. they get new name for the company is because they want confuse up all the buyer, so their bad records cannot be traced.

Mr.Teoh , I agreed on what you have said, they did not complete their previous project properly, heard a lot of bad comments about this developer. (C.E.O) cannot use facilities, have to pay this and that. I-regency late completion, one world slow progress and so on. These are the bad signs where a developer is not stable either in their cash-flow or their system. I understand “buyers” are attracted to buy this project after several persuasion from the developer/friends/family, and you guys do hope to defend you guys and no one actually talks bad about this project too. I sincerely understand, but this is just a forum where we share pros and cons based on our knowings.

Finally, i get my refund for cancellation.

Just wonder anyone have the actual size of the show unit. When i compare with other property (1,475 sqf) with show unit (1,450 sqf), the show unit look much much more bigger than 1,475 sqf. How can??? Is it their sales technique to attract ppl to buy this project and the actual size is smaller. You will not be able to complain later as they will demolish the show unit.

@victim

please share why would you like to cancel?

@condomana

vicim read your post d ma immediately go cancel lo…
now you can go grab his cancelled unit d…be quick!

@condomana

victimm read your post d ma immediately go cancel lo…
now you can go grab his cancelled unit d…be quick!

This type of project what is there to grab ?

when it will launch the 2 others tower… weird why 1st 2 tower one so laku, they dun wan continue with the others tower…

I receive the SMS for many many times, asking to take a look on their show house. So laku? so laku no need to send so many SMS/invitation, wondering still left many units on the 2 towers. I think if the 1st & 2nd tower not laku, they still will said sold out, then increase the price for the subsequent tower, and all first batch buyer will seems “virtually” gain on their ‘investment’.

their 1st launch i heard they said it is more than 90% sold out… why still send sms to you? i had register why they do not send sms to me… still plan waiting for the others 2 tower…

Where got project no bumi lots wan? I asked them 2 weeks ago they said sold out, and i start questioning them about bumi lots and they said no bumi lots. Be prepared to get delayed when they couldn’t get their bumiputera clearance!

@victim
you can count the quantity of 2’x2′ floor tiles to double check the dimension of the showroom. For the 1450sqf, the 2 bedrooms (not master bedroom) are quite small and i found the dimension correct. However, i did not counter check other area. Do let us know is there foul play in case you checked it.

@victim

Which unit you drop? When do you cancel the unit? I just call in just now & plan to take over the unit you drop but the ideal gal told me that they have not received any cancellation.

Kindly please spell out the unit & block which you has dropped. I will counter check again with them. I’m 1st home buyer & wish to get one of this project badly….. thank you so much.

haha Newbie, if i were you, i’d start looking for other projects than this one, unless you want your house to be completed 5~6 years later.

And of course they will not going to tell you that someone dropped a unit as they have to protect their “reputation” they dropped years ago.

If they have atleast 1 good record , I’ll say give it a shot, but NONE.

lets see if they have Bumi lot during 2nd phase launching, they can declare unit that launch during 2nd phase as Bumi Lot. Biz tactic as well as 2nd phase price per sqft should be higher, they can then release Bumi lot and gain more? just my 5 cents

Go go cancel it who dun’t wan take the risk then I got more n more choices to grab better n better unit

Their bad record so far is about project delay but I never hear any complain about quality concern.

Just hope that they are going to launch more project after FV then it might be saver.

The price psf & location & zero interest package is so attractive for me. The next attractive psf price should be Sierra Residence. Anyway, don’t tell me this project has lower risk than FV. At least Ideal have some completed project before.

It’s just my 2 cents and decided not to pull out from the game. Just waiting for their call to proceed with bank loan and S&P.

@CT

This is the biz tactic implemented by most of the developer nowaday. Who wish to buta buta give 5% to those bumi? Mark up the price & selling with 5% discount will equal back to the original price. Simple math.

@Newbie

Listen back to your heart feeling. If you dare to take risk & prefer the location. Then just go ahead. If vise versus, then please chicken out.

Time is money… if you think too much & too long…. u definately will regret later. @victims just talk cock here only. No one will cancel the unit until last minutest before SNP to avoid any regret. Everyone is still waiting for the 2nd phase & see the price & demand.

All FV buyer, am I spell out all your heart word? Please give me 5 !

Hahahaha, Project delay is good? Did i get myself into the wrong boat and see the wrong shark?

If you buy a project, what you afraid most? PROJECT DELAY !

No no…What me afraid the most is developer cabut lari…Haha

Cabut Lari ah? Another one is delay project(famous)

@MVP

Agree.. Not afraid of delay…. but really afraid of developer cabut & lari.

Is up to u to believe abt my cancellation, is none of my business anymore as i hav get back my money.

when i collect the cheque from office, the sticker for the unit that i cancelled still there. May be they already got replacement liao.

This project is too many unit and very hard to manage well.
Good luck to you all.

I think the main point here is whether all the units have been taken up ?
To say many units are hard to manage then I think this company is engage
in the wrong business.

@victim
which unit no that u cancel? If it is a good unit I will consider to buy one more unit.hehe….

Are you sure you will consider buy 1 more? When is the piling date of the project? When is the SPA Stamping date of the project? When is the completion date?

If this project made it to O/C, then you will have to Pay EXTRA for facilities like in “C.E.O”

@Ah Cat

Don’t need to pay EXTRA for facilities is for sure. No SPA stamping date means no piling date & no completion date yet.

It’s a risk project as I can say now for a risk taker buyer only. Away from it if you are not a risk taker.

Try to ask yourself, any project in Penang is fully free of risk? May be you will spell some super branch developer like Setia, IJM, Mahsing, E&O & etcs…….. then you have to pay more premium for their properties. That’s always a choice. You may choose to pay more for lower risk or pay less for higher risk.

Doesn’t matter when they start when they complete when they stamp. The concern only the project must be completed.If they delay even better bcoz I am buying future Penang property as today price. Dun compare orange & apple. One is commercial and one is residential.

@SP

FULLY AGREE ! GIVE ME 5 ! This is what I think as well………… Let them man man lai also never mind. We lock the current price for future property.

@FireDragon

Risk is there but don’t think it is as high as you threaten @Ah Cat. Ah cat just meow meow at here because it can’t get any unit & sour grape felling.

If i remember correctly, the piling date should be next year March?

Ah meow and ah kao macam sama bangsa? always ka ka chiao chiao

Frankly, this is a good project. As a small time property investor my take on this project is as follows:
1) price is right and build up is also good (not too small like 1000-1100sf and not too big like 1800-2000sf)- too small will put people off especially those that are upgrading their home, too big and nobody buy coz price will be too high
2) next to airport and batu maung – with the 2nd link coming up, there will be excellent connectivity from 2nd link to airport. As we all know, Batu Maung is the next upcoming area. Hence this connectivity will bring FV easily to 2nd link and coastal road.
3) 4 exits/entry point compared to Reflection or any other condo – Tun Dr Awang, Coastal Road (future), Jln Sultan Azlan Shah and SP Setia side
4) Near airport and FTZ area, many young families and upgraders who will buy due to the size and pricing
4) Surrounded by beautiful houses (One Residence & SP) and not low cost flats or cemetary (like Reflection, some can see the cemetary or need to pass cemetary), plus planned Commercial block (i hope this will happen)
5) Completion planned for 2015 is excellent…the longer the better, as the price we lock is today’s price.
I have been seeing some people advertising to let go Reflection- 1200sf for RM540K to RM560K. Regency Heights 1258sf already going between 530K-550K (real transaction price). So think how much a resort condo1450sf or 1650 sf with 3 acre landscaping/recreational park in an area surrounded by high end terrace, semiD and bungalow will cost in 2015/2016. Even though delay, they will still deliver at the end and that’s all it matters. If you look at the report on property transaction, those properties priced at RM500K-RM600K are still selling like hot cakes.
However, for those who buy own stay, then this project might be a problem as there might be potential delay, from the track record of the developer.
One set back though – from a location wise, it is still considered pretty far and in a less desirable location compared to Tjg Tokong/Bungah, so no foreign investors to buy only target local market
Of course this is only my humble opinion, others may feel or think differently.

Hahaha, another project by the ideal properties? another company from rich focus? i had enough of this developer as i still couldn’t get the title transfered after so many years of completion. it’s a company which is going to face bankruptcy soon. good luck ya people

@brandy
I think we will not face title transfer issue for FV since the land is owned by Koperasi Muda Sungai Ara. The transfer will be done by koperasi instead right?

@Ah Cat

SP wanna buy another unit to use as cat house and dog house kua ^^

No issue?? Are you sure it involves only 1 Party? if Koperasi is capable, they wouldn’t need to Joint venture also

@Ah Cat
What I understand is Koperasi provide the land while Ideal will be the developer. You mean Koperasi had issue with land transfer before?

What is the relationship between Ideal property and Rich focus (who abandoned Tmn Krystal Park project in Bkt Tengah)?

Pilling work started few weeks ago.
Quite number of pillars at the site now. Construction work should be in the progress now.

The marathon construction is started, complete in 10 years?

Not sure how long they will take to complete this project.
Btw, their terrace house progress was fast.

@BD

Same Company lo

“it’s a company which is going to face bankruptcy soon” why still so many ppl going grab the unit? Is it the ppl stupid or no eye or no educated n so on? Ppl should buy E&O project cost 1200/sqft which is NOT going to face bankruptcy forever.

@SP
What i can say is we don’t know? But government now have implement a good rule to protect us buyer where 3% deposit is needed and we can cancel S&P if the project is abandon and developer can be fined starting next year hopefully…

I have book a unit on FV. After seeing so many bad comment, I start to regret Is it really that bad?

Why worry and regret? This forum is full of kaka chiau chiau ppls, once you have decided on which property you like just go for it. This forum is meant for fun discussion.

all i can say is do not be swayed by people posting comments in this forum. If you have done your homework and you think it’s a good buy, then go with your guts. You don’t even know who these people posting comments in this forum are. Go with advise from people who you know are credible, family and friends who really care about you…but definitely not from strangers who post their 2 cents worth in an internet forum!

If this project is so good, then you won’t be hearing those “bad and negative” comments on the developer, such as incompletion, delay, abandon, etc

Went to their office still many units left after so many months of the 2 block open for sale, look like this projext will not sell well and many ppl will even risk to lose thier 10% lost of deposit when thr snp need to b signed. I sure many ppl will pull out after see the response not good, 600k for a condo at tis area is very bubble la

I agree, if you are looking forward for investment, just throw a piece of stone, you can get any subsale for condo at this size with the brand GIM or Ideal (if they managed to complete)

I am really not understand what ppl want. Selling like hot cake and hav to q up overnight only consider that kind of project can buy. Whatever still many units left dun buy?
BTW, many units left is a very general statement. What is the qty units left out of the total of units? 600K is bubble? Then the ppl got less than 600K will be value for money? And how abt Andaman Seri Tanjong cost 1200psft is it bubble or value for money.
Can the expert advise which projects in Penang not “just throw a piece of stone”? Is it low cost flat 50K per unit? Which is cannot get for sub-sale? Do you hav any data how many ppl buy there for sub-sale and how many buy for own stay? If dun hav, how u know? Based on experience?guess?expertise?survey?

Ah Cat :I agree, if you are looking forward for investment, just throw a piece of stone, you can get any subsale for condo at this size with the brand GIM or Ideal (if they managed to complete)

Can’t deny that there are some sub-sale condo same selling price with FV nowaday. If you calculate the interest 3 – 4 years down the road compare to FV which is free of interest; who can get better profit margin by the end of day?

@FireDragon you are anticipating to sell 600k FV at 700k~ 800k later after it completed ? the problem is how many factory workers really afford at that time ? 10 years ago fresh grad is 2.4k, after 10 years later, fresh grad still 2.4k. so to FV buyers, dream on to find subsale 3 or 5 years later.

@Central unit
If you look at the mass economy you might not think this way. There are segmentation of population.

why not look at broader market instead of targeting fresh grad…they are some many vertical industry in Penang not only Manufacturing.

I do invest on couple of property and i get fair bit of good return from my investment. Ranging from 400K-600K condo..

You will need to consider the area worth and also what is the target growth rate at that area and also demand before determine the price worth.

Aiyoh, we do not force you to buy or force you not to buy this property also.

We’re just giving our 2 cents opinion only.

If you want to move on with your “dreams” , it’s up to you lah

@lim

If you read through the forum, every property also have bad comment from kaka ciao ciao people. Then ma forever no need to buy already?

Anyone of you received call from banker? Which bank offer BEST rate?

Just one bank so far offer -2.40% from HLB.

Bank also afraid to finance this project from this developer, thus only 1 Bank??

@Ah Cat
Yawei, how come bank so scare? So Ah Cat, which project bank not afraid to finance? Can share?

@MVP
Aiyoh, no need share wan mah, just walk along the road, from jalan simpang to jalan tengah, ask any bankers about “Ideal Properties” then they’ll come out with long story. Im not banker, I tak tahu lo

Bank scare?

Very simple logic, if a developer has obtained all approvals from the
authorities,has the resources and a good track records, I don’t see
any problem for banks to finance the project and for genuine buyers
to get loans. Banks also need to have businesses.

Buyer, yakah? the developer has good track records(O/C Obtained)?

Please share the duration of time of completion and quality

I am not saying this developer has a good or bad track records. You need
a translator to advice you.

Buyer, I’m not saying YOU are saying it has good or bad track records, I’m asking YOU whether you got info??

you need a tutor, not translator

@Ah Cat
You go ask GOD la. Only GOD know to answer you.

@Ah Cat

After you walked from jalan simpang to jalan tengah, which project bank not afraid to finance?

HLB is smarter than the rest of banker. Take one step ahead.

As what I know, HLB is a conservative bank. As they dare to finance this project which means that this project is considered OK to buy. Ofcourse, it’s not risk free at all.

Also got call from Public Bank

May i know what’s the bank offer now ? BLR-x.xx% ?

banker start to approach you guys already?

Still thinking of financing? you guys might end up paying installments for abandon project like previously done by Penas group, look what happened and how many people declared bankrupt having shoplots in BJ and Prangin

yes … i have a feel that this will become problem.
May be the money from FV will use to roll to cover CEO, Dua, Tree Villas, OneWorld I, II.
One day will colapse, just we are not sure when only, and who will be the unlucky one.
Good luck.
Look at thier previosu sister company, RichFocus, how many people ‘die’?

Fully agree wihd Ah Dog, thet why, i never consider Ideal Properties one.

@Ah Kei
Wat wrong to RichFocus? Can you share more abt it?

@Ah Dog
Why you go to compare shoplot with resident property?

@Ah Lee
BLR-2.4%. All the banker will offer the same rate.

@Ah Dog
As everyone knew that BJC and Prangin were fully completed and OC obtained project. What the point you want to bring up here? The bankrupcy there totally not relation to project cannot completed. It is because of complex management there not managing well. Do you sure you are in the right topic?

Anyone know when will other blocks be open for sales? Are we going to sign S&P after other blocks are open?

this ah dog is ka ka chiao chiao every where… what is your intention?

@SP, any banker call you to offer for the loan already?

@CS
PBB n HLB. PBB give better offer than HLB but mandatory buy min property insurance.

yes, ah dog seems to be on every forum…summerton, summerville, the curve, etc, etc…..any latest development you will see ah dog there commenting how bad and how bad everything is. however, one banker did tell me that ideal owe a lot of money to banks.

Thx SP.
thinking to buy either FV or Sierra Residence but not sure when to launch the Sierra Residence. any comment for comparison for these 2 condo ? appreciate for your input…

The mortgage rate are the same and which bank is giving longest loan tenure? Please share. Thanks.

not ka ka cau cau, these are true facts that can be obtained in the market, ask around “lawyers and bankers” they know better. U can close your both ears and listen nothing from me, but you can try to hear it else where. p/s me and my friend are victims of rich focus

@Ah Dog
mind to share your story with Rich Focus? did they abandon the project and ran away with your money?

How abt the owners if I-regency? do they satisfy with the build quality?

I think this one is at least better the The Curve condominium which is by developer without any track record.

Hi WK only affinbank giving long financing tenure up to 45 years.if interested pls email me nirmala_831@yahoo.com im one of the loan processing officer.Thank you

@Housing Loan Officer
can advice the BLR – ?

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@Housing Loan Officer
Already dropped u personal email. Please check and update. Thanks.

@Ah Lee
I am also one of the registered buyer for Sierra Residence. Both are different range of property in term of price and style. FV is medium high n SR is medium only. I am not think fair to compare each other. But for sure it is a good property project to invest if you so lucky can get one unit of SR as their today estimation property price.

@LT
I think Ah Dog very very concern to share abt his own story. May be he only have one hobby which is sharing n talking other ppl story.

@Ah Cat
Up to today total got 4 banks offer. They are HLB, PBB, Affin n OCBC. Do you want any more bank to show the developer financially capability?

Anyone already got/signed loan approval from any banks? If YES, which bank? I’m still awaiting for letter of loan offer

@sincere
Well said, strategic location and surrounded by mid-high end residential. Sungai Ara is still a favor for residential area.

how much is the maintainance fee? 200?300?

@cartman
RM180 + 10% sinking fund.

Block 7 open for sale this week. Was at the show room. RM20K more expensive. Also penthouses all sold out. They have 1400sf, 1475sf and 1650 sf.

what the price psf for Block 7?

Just wondering, why exp then Pavillion resort and still selling like hot cake? Pavillion = 2 Car park, RM345/sqft..all unit facing sea view (hill, 2nd link, airport). lvl start from 6.

u mean zan pavillion? u must be joking. it is in relau and surrounded by all those low cost flat (and foreign workers). that’s y it is so cheap and yet nobody wants it. location, location, location…and of course surrounding area.