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Primo Heights @ Summerton, Bayan Indah

March 21st, 2011 Leave a comment

Placed to perfection near the sea and surrounded by the best life has to offer, Summerton is a sanctuary of vibrancy and indulgence. Comprising of both luxury suites and commercial unites, this prime development is set to breathe an air of exclusivity so refreshingly different from any other developments in town.

  • Strategic location with excellent logistic advantage
  • Prominent visibility
  • Basement car park with ample Lots
  • Near to Penang Bridge and the Free Industrial zone
  • Close to Penang International Airport
  • Within the Queensbay Mall and Eastin Hotel enclave
Block 2: Primo Summer

 

Location : Queensbay, Bayan Indah, Penang
Property Type : Luxury Condominium
Land Tenure : Leasehold
DeveloperGSD Land (M) Sdn. Bhd.
Contact No.: +604-6460 932
Indicative Price : RM700,000 onwards

Developer’s update – 28/04/2012

Categories: Bayan Baru, Bayan Indah, Queensbay Tags:
RELATED PROPERTIES FOR SALE/RENT AT
  1. pgtelescope
    March 21st, 2011 at 15:01 | #1

    I think it should be a good property to invest.

  2. Ken
    March 21st, 2011 at 16:43 | #2

    May be. But not sure about the developer. That piece of land has been vacant since many years back.

  3. moon
    March 21st, 2011 at 17:44 | #3

    is same developer as golden triangle, should be safe…..

  4. moon
    March 21st, 2011 at 17:47 | #4

    hope will have the early bird discount as golden triangle…

    heard come with 2 car parks, $400/sq ft, lease hold, commercial title. How come here put free hold?

  5. pgtelescope
    March 21st, 2011 at 17:49 | #5

    I understood they are ok.

  6. pgtelescope
    March 21st, 2011 at 18:25 | #6

    Agree with u, Moon. I hv checked it is leasehold.

  7. Ken (Admin)
    Site Owner
    March 21st, 2011 at 19:06 | #7

    Sorry folks, my bad. I have missed that. It is updated now. :)

  8. moon
    March 23rd, 2011 at 11:49 | #8

    anyone know one or 2 car parks given? I asked they said 2 but another forum said only one.

  9. moon
    March 23rd, 2011 at 11:51 | #9

    althought not cheap but still cheaper compare to baystar, now market selling at $450/sq ft.

  10. Site Owner
    March 23rd, 2011 at 12:03 | #10

    I asked and they said two. I think it should be two. It doesn’t make sense to have only 1 car park for a luxury condo.

  11. Proguru
    March 26th, 2011 at 17:59 | #11

    Min 1700 sq. 700k++ for a leasehold??? Baystar launching was only 370/sq, some more convenient, freehold, low density…
    what do u think ???

  12. Ken (Admin)
    Site Owner
    March 26th, 2011 at 22:12 | #12

    We just have to be realistic. Baystar launching was like 3-4 years ago. Cannot compare lar.

  13. ling mui
    March 27th, 2011 at 15:00 | #13

    @Proguru

    Personal opinion, this is expensive for medium income like me if buy for own staying purpose….
    If for investment, would those foreigners who would like to buy a property as 2nd home prefer those areas in another part of the island?

  14. Ken (Admin)
    Site Owner
    March 28th, 2011 at 11:20 | #14

    I have similar opinion as ling mui. Generally luxury condo in FTZ areas are less favorable to foreigners. Usually they prefer gurney or batu ferringhi. Also, most people with family would prefer to stay outside of busy town.

  15. Jack
    March 28th, 2011 at 19:55 | #15

    I think 700k ++ for 1700sqft on leasehold land is kinda expensive….

  16. In Style
    April 18th, 2011 at 20:17 | #16

    dont understand why do they register under different company’s name in each and every of their projects

  17. miku
    April 22nd, 2011 at 14:14 | #17

    is that a fair or launching today ?

  18. pgtelescope
    April 23rd, 2011 at 11:23 | #18

    property fair from 22/04/2011 to 24/02/2011

  19. pgtelescope
    April 23rd, 2011 at 11:24 | #19

    typo error, 22/04 – 24/04/2011, sorry

  20. In Style
    April 26th, 2011 at 13:32 | #20

    Yes it is expensive for a leasehold

  21. Ken (Admin)
    PPTalk Admin
    April 26th, 2011 at 14:24 | #21

    @In Style
    But the problem is, it will never get cheaper :(

  22. eric
    April 26th, 2011 at 21:06 | #22

    rm400 psf. each unit at least RM700K++. In front block by gold coast. Can consider buy gold coast

  23. In Style
    April 30th, 2011 at 17:02 | #23

    yes price never get cheaper but the launching price is too much for a leasehold property

  24. eric
    June 22nd, 2011 at 11:24 | #24

    Receive the invitation letter. Summerton will be launched on next saturday and sunday (1st and 2nd July) with first come first serve basis. RM10K deposit placement

  25. darronteoh
    June 22nd, 2011 at 16:30 | #25

    Hi eric,

    do you know what they offer for the early bird buyer ???

  26. eric
    June 22nd, 2011 at 20:39 | #26

    hi darronteoh, sorry. i dun know the offer for early bird buyer.

  27. T
    June 22nd, 2011 at 21:26 | #27

    too bad it was block by gold cost and leasehold. . . .

  28. eric
    June 22nd, 2011 at 23:12 | #28

    yeah. Leasehold without seaview and RM400 psf with minimum size 1700sq, feel too expensive. I would rather consider upcoming “The Curve” condo with exquisite outlook design, freehold with residential title, seaview, 1100sqft and probably <RM400 psf.

  29. KP
    June 24th, 2011 at 13:43 | #29

    Eric, where is “”The Curve”?? Any website to forward ?

  30. bm
    June 24th, 2011 at 13:52 | #30

    @KP
    No website yet. It’s open for registration (no need to pay anything) at office at MBF tower level5. Basically now the developer waiting the approval of MPPP approval plan before they official launch. I suggest you go to above to find out more from developer.

  31. CC
    June 24th, 2011 at 14:39 | #31

    Where is that “The Curve” condo built?

  32. bm
    June 24th, 2011 at 14:44 | #32

    @CC
    On the right side next to the “The View” condo

  33. Jess
    June 28th, 2011 at 17:21 | #33

    hi KP good to know that. any idea hows the pricing and do you have the contact number?

  34. darronteoh
    June 29th, 2011 at 13:12 | #34

    Hi all,
    the summerton is selling at 388psf which facing gold coast
    and 368 which facing another side.
    the 1st 50 buyers entitle discount RM23 psf.

  35. PPP
    July 25th, 2011 at 01:01 | #35

    I see that the demand is very bad in Queensbay booth. I dont think its worth investing given all the downside mention above. Btw, if the developer is reputable, why do they need to register another company just to built summerton? They anticipate kena sue? @darronteoh

  36. Andy
    July 25th, 2011 at 11:42 | #36

    Anyone knows whether it is a commercial or residential title?

    @pgtelescope

  37. jeff
    July 25th, 2011 at 11:47 | #37

    Commercial title. Already launched 2 weeks ago right,whats the response? Location is excellent, walking distance to bay avenues and queensbay. In future there are more exicting upcoming projects in that area by Ivory and Cp land, prospect is there. I believe their mistake is having too large a built up, if they have a smaller `1000sf units, i think can fetch >450psf and people still queue for them.

  38. Steve
    July 25th, 2011 at 13:42 | #38

    Actually they have 850sqf, 1031sqf and 1500sqf but these was all sold out before launch. My personal opinion the location is best and the future development by ivory on the 40ha land with commercial , medical hub and residential should have very good potential on price appreciation.

  39. jeff
    July 25th, 2011 at 15:43 | #39

    Steve, serious? I thought the smallest built-up also ~1600sf?

  40. Steve
    July 25th, 2011 at 16:53 | #40

    Yes but with very limited unit ! I bought a thousand sqf unit .

  41. jeff
    July 25th, 2011 at 21:45 | #41

    how much you bought in psf? How many car park?

  42. Steve
    July 25th, 2011 at 22:18 | #42

    it is close to 400K included the floor premium(high floor) and view premium with one car park

  43. bm
    July 26th, 2011 at 12:52 | #43

    I think all these size (850, 1031) fully grap internally before the soft launch. Too bad.

  44. Kopi-O
    July 27th, 2011 at 03:05 | #44

    If you plan to stay, then think again. Do you want to stay with bangla, nepalese, burmese , or other foreigner? If you dont mind, then go ahead. Surely some will rent out their unit to these foreign worker, they do not mind the price, as they can cramp 15-20 people into the unit. Look at BJ Court and Vista Mas( behind summerton). Dont tell me because this is more “high end”. :)

  45. jeff
    July 27th, 2011 at 13:17 | #45

    The foreign workers have all the cheaper options such as BJ court/vista mas as you mention, perhaps also villas emas and putra place. Summerton is about the same class as gold coast which I don’t think you can find any of such practice there. There were also a similiar remark onto SummerPlace before Oc, now the place already being quite occupied, sub-sales is still hot (referring to agent friend, one of the project with the most transactions recently), and I also don’t see any foreign workers staying there. Get real, nobody would want to rent out a brand new, well located property to foreign workers unless they have really no choice, i don;t think summerton will get to this stage though.

  46. BB
    July 27th, 2011 at 23:55 | #46

    Maybe Kopi-O will rent one unit at RM3500.00 for his bangla kopikia. Pls go n take up some property investment course before making all those blanket statements here!

  47. pgtelescope
    July 28th, 2011 at 14:58 | #47

    A good location to invest. I bought 1 unit at medium floor.

  48. math
    July 28th, 2011 at 17:12 | #48

    Does anyone know how many years still the lease remain?

  49. BB
    July 31st, 2011 at 00:39 | #49

    Villa Emas has at least 85 years.

  50. DEN
    August 7th, 2011 at 03:33 | #50

    today i when to booked a unit which 1840 sf. the 2nd car park is very expensive,35k..
    Izit is a good investment on this property which commercial title (ele,water all expensive ) and with shop lots ( not so luxury condo ) ?

  51. T
    August 7th, 2011 at 11:01 | #51

    Den, how much you bought for 1840?

  52. BB
    August 12th, 2011 at 01:28 | #52

    35k for a car park is way too much. The developer must be renting the car park then. Is the car park Front to back or side by side if you buy extra? Would it ended up like DPiazza?

  53. DG
    August 17th, 2011 at 22:20 | #53

    it might end up with alot investor and no people staying..
    how about the shoplot downthere, how will it affect the project.. if open up “ah heng kopitiam” then sien liow,there goes the luxury

  54. Seaan Lim
    August 23rd, 2011 at 22:22 | #54

    I have booked the unit, 1840sqft today with RM10k deposit. The current package is RM15/sqft and RM20k interest rebate. Pay another RM10k upon signing S&P. All the rebate and total RM20k (u have paid) will deduct from 10% of purchase price.

  55. DEN
    August 24th, 2011 at 14:10 | #55

    Hi Seaan, RM15/sqft?? i booked a unit at 8floor, 1840sqft with RM 683000 , is wan addition car park cost RM 35000.

  56. Seaan Lim
    August 24th, 2011 at 14:24 | #56

    Den, I mean rebate RM15/sqft as for now. Previously was RM23/sqft.

  57. DEN
    August 24th, 2011 at 14:48 | #57

    Seaan,sorry for my misunderstanding..u booked for which floor? facing villa emas or main road.. THK

  58. Seaan Lim
    August 24th, 2011 at 17:13 | #58

    12th, facing villa emas. To me, no point purchase the gold coast unit. There will be reclaim land project in near future. By the way, do you know the maintenance fee?

  59. BB
    August 25th, 2011 at 01:21 | #59

    I agree with Seaan Lim, Villa Emas has one of the biggest landscape n swimming pool w waterfall in Penang relative to it’s condo build up land area. Lush of greens w coconut trees at their garden n facing Villa Emas give you these ‘free luxury’. Facing Gold Coast means facing noisy road with Mat Rempit racing motorbikes at night occasionally according to my friend staying in one of the condo in front of Summerton.

  60. BB
    August 25th, 2011 at 01:24 | #60

    I bought for my own stay and 2 of my close friends with family confirmed to buy for own-stay as well.

  61. Seaan Lim
    August 25th, 2011 at 23:31 | #61

    BB, which floor you have booked?

  62. BB
    August 26th, 2011 at 01:13 | #62

    11-th.

  63. CS
    August 26th, 2011 at 18:00 | #63

    facing villa mas site are facing the swimming pool as well? Anyone know about this developer?

  64. KS_rev
    August 26th, 2011 at 20:36 | #64

    but for sure facing villa emas means facing west direction….hot hot hot !

  65. Seaan Lim
    August 26th, 2011 at 22:09 | #65

    @CS, yes. You can view the swimming pool and biggest landscape (great view) in that area.

  66. Seaan Lim
    August 26th, 2011 at 22:10 | #66

    @KS_rev, if i am not mistaken it face NW instead of W.

  67. CS
    August 28th, 2011 at 22:24 | #67

    Thanks Seaan, are you one of the buyer? hows the response for this project so far? Just wondering who can give me some idea on this developer? what project they have completed in the past?

  68. Seaan Lim
    August 30th, 2011 at 10:31 | #68

    Hi CS, I have booked 1 unit facing Villa Emas. Current only 1 block open for bookings with RM388 & RM368/sqft. The other block will be selling >RM400/sqft later. If I am not mistaken unit face Gold Coast left 2 units at lower floor and number of units left facing Villa Emas. Developer on going/current project are Oasis Residences in Relau, The Golden Triangle and d’Square Residence.

  69. Seaan Lim
    September 1st, 2011 at 15:26 | #69

    About the developer, GIM Smart Venture (The Golden Triangle) and Midas Ceria (Summerton) are the subsidiary company and managed by GSD Land Sdn. Bhd. GSD Land past project mainly focus in mainland Lunas, Kulim and BM. The current on going project is Oasis Residences. GSD Land has subcon the construction build project to Paramount which has track record for Elite (Seal), The One (Idea), etc.

  70. js
    September 2nd, 2011 at 16:58 | #70

    Just booked one unit 1840sq facing Villa Emas today. To me it is worth to take up a unit here. The surrounding area shall be developed by Ivory soon. Heard that Ivory will turn this place into a modern city like Dubai & Hong Kong. If that is the case, then the price of the houses here seem to be increased in the near future.
    Heard that the 2nd phase which shall be launched within this year with RM430/sq. And I believe this will take place in view of the Putra Place now already RM420/sq.

  71. Seaan Lim
    September 2nd, 2011 at 17:09 | #71

    JS, which floor you have booked? Yes, I believe the surrounding area will going to bloom in coming year.

  72. js
    September 2nd, 2011 at 17:31 | #72

    9th Floor. I believe some of my friends shall invest here too.

  73. Goppal
    September 2nd, 2011 at 21:15 | #73

    is there a change in the design… is this the new design…

  74. js
    September 2nd, 2011 at 23:16 | #74

    The size for each unit has changed. You have to get it from the developer for the final design.

  75. BB
    September 8th, 2011 at 00:17 | #75

    Can the size be changed simply after we have paid the RM10k booking fee? I don’t think the developer can simply re-size after we agreed on the price and the bu area unless this is going to be their last project. How about those already get bank loan approved, shall re-apply for bank loan again as price will change accordingly to size since selling price is based on psf?? I have no concern if the layout changed for the better but not the bu, number of rooms etc.

  76. js
    September 8th, 2011 at 07:50 | #76

    No re-size is made after they have launched this project. What I meant is the above size and layout under this forum are no longer exist. For your info, S&P can only be signed by end of the year. Therefore loan application is not applicable at this moment.

  77. Nd
    September 15th, 2011 at 20:06 | #77

    How about the legal fees? Loan doc and legal fees pay by developer?

  78. BB
    September 16th, 2011 at 16:34 | #78

    GSD Land is setting up promotion booth at Queensbay mall, ground floor near South entrance. Pls kindly find out more information and post some of your sharing here. Thanks.

  79. Sue
    September 18th, 2011 at 13:40 | #79

    I booked 7th floor facing Villa Emas with 5% discount for bumi lot. Trust good investment for future

  80. Seaan Lim
    September 18th, 2011 at 14:54 | #80

    You are right, Sue. Asia Green, Ivory, E&O will have their project later in Bayan Mutiara, current QB open space car park and reclaim land project in front QB. Hope it will appreciate after 3 years.

  81. Housing Loan Officer
    September 18th, 2011 at 21:27 | #81

    Hi all im banker frm affinbank.pls contact me for loan application.thankyou.

  82. kz
    September 18th, 2011 at 21:58 | #82

    saw this property sale booth @ QBM how is the respond?

  83. Seaan Lim
    September 18th, 2011 at 22:15 | #83

    @ Housing Loan Officer, please do email your contact number at pslimtjn@yahoo.com.
    @ kz, take up rate >75% as for yesterday which I referred to the display layout chart shown there.

  84. kz
    September 19th, 2011 at 23:10 | #84

    Tq for your respond. And mr ah long (banker)
    Pls text me your offer for the loan at cbkhow@kehzen.com

  85. BB
    September 21st, 2011 at 04:55 | #85

    @Housing Loan Officer, since Summerton is under commercial title, does LTV 70% still apply to 3rd home buyer?

  86. BB
    September 21st, 2011 at 04:58 | #86

    Some early speculation that the phase-2 will be selling above 400/sf facing Villa Emas and 420/sf facing Gold Coast. If this is true, then it is really good news to those who already bought for investment.

  87. Seaan Lim
    September 23rd, 2011 at 23:04 | #87

    BB, actually the price is higher for phase 2, above 438/sf facing Villa Emas and 458/sf facing Gold Coast.

  88. Housing Loan Officer
    September 23rd, 2011 at 23:19 | #88

    Hi kz for rate it is not out yet rate is still under discussion among all the banks,once rate is out i will update you.Thank you

  89. Housing Loan Officer
    September 23rd, 2011 at 23:26 | #89

    Hi BB ,for your question does LTV 70% still apply to 3rd home buyer? This is still a question mark the final outcome regarding this is not out yet i will update you accordingly.Thank you

  90. Seaan Lim
    September 23rd, 2011 at 23:32 | #90

    @Housing Loan Officer, may be you can share with us your contact here. Thanks

  91. Seaan Lim
    September 23rd, 2011 at 23:33 | #91

    @Hosuing Loan Officer, based on your past experience this will serve as residential or commercial loan?

  92. Tembaga
    September 26th, 2011 at 16:48 | #92

    Seaan, is the proce for phase 2 confirmed at >RM438/sqft or mearly speculation?

  93. Tembaga
    September 26th, 2011 at 16:51 | #93

    Tembaga :Seaan, is the price for phase 2 confirmed at >RM438/sqft or mearly speculation?

  94. Seaan Lim
    September 26th, 2011 at 18:07 | #94

    @Tembaga, this is what i have told from the Sales Manager during the QB property exhibition. No suprise to have >RM438/sqft because currently subsales condo market price is >RM430/sqft in Bayan Indah
    .

  95. Housing Loan Officer
    September 30th, 2011 at 01:04 | #95

    my email add:nirmala_831@yahoo.com / nirmaladevi@affinbank.com.my

  96. DEN
    October 3rd, 2011 at 15:55 | #96

    Anyone know hv others forum discuss about this property? because this forum not much info and opinion .. thk

  97. Tembaga
    October 7th, 2011 at 08:46 | #97

    Me too. I’m also looking for more opinion/discussion before signing S&P. Surprisingly Penang-apartmemt is not covering this project.

  98. KS_rev
    October 7th, 2011 at 10:22 | #98

    penang apartment blog is like half-dead since few months ago…..i get more info from here then…..

  99. Ken
    October 8th, 2011 at 23:24 | #99

    hi, is there anymore phase1 unit for sales from developer ?

  100. Tembaga
    October 10th, 2011 at 09:04 | #100

    Yes, there are still many units left that faces Villa Mas. The one that faces Gold coast not sure. 2 to 3 weeks ago, there is still one left. Level 5 no 6. Best is to give the developer a call..

  101. Seaan Lim
    October 18th, 2011 at 14:14 | #101

    Hi, I would like to cancel my bookings for 12th floor unit (1840sqft) face Villa Emas. If you interested, please do let me know (pslimtjn@yahoo.com) before I proceed to developer office next week. Thanks

  102. DEN
    October 18th, 2011 at 15:01 | #102

    Hi Sean, wad happened to u?

  103. Tembaga
    October 19th, 2011 at 16:16 | #103

    Any new development/changes in this project?

  104. Seaan Lim
    October 19th, 2011 at 19:54 | #104

    @Dean, no need to worry. This area still a good buy. Just a personal matter.

  105. Mandy
    October 23rd, 2011 at 12:06 | #105

    I’m interest in 1566 sqft. any one want to let go, pls drop me an email walnut428@yahoo.com

  106. vinz
    October 23rd, 2011 at 22:59 | #106

    2006 sqft only sell 750k, anyone r interest,pls email me, vinzching@yahoo.com

  107. vinz
    October 23rd, 2011 at 23:00 | #107

    Site Owner :
    I have similar opinion as ling mui. Generally luxury condo in FTZ areas are less favorable to foreigners. Usually they prefer gurney or batu ferringhi. Also, most people with family would prefer to stay outside of busy town.

    2006 sqft only sell 750k, anyone r interest,pls email me, vinzching@yahoo.com

  108. cajun
    November 8th, 2011 at 18:30 | #108

    Hi, are we able to transfer ownership before signing the spa? If yes, I am interested in buying a gold coast facing unit. Pls contact me at penangx@gmail.com, or corner units with 2006sqft facing villa Emas.

  109. Housing Loan Officer
    November 15th, 2011 at 12:14 | #109

    Hi all im housing loan officer from affinbank,for summerton all of you can start to apply loan .For loan application can call me at 016-4023110 or email me nirmaladevi@affinbank.com.my or nirmala_831@yahoo.com

  110. DEN
    November 15th, 2011 at 14:37 | #110

    This project not popular in market..I didt find much comments or forum abt this project.. Boring

  111. J&J
    November 15th, 2011 at 15:03 | #111

    Leasehold title and commercial lots below,not an ideal place to stay.
    Luxury in term of pricing only.

  112. DEN
    November 15th, 2011 at 15:08 | #112

    J&J @ For me leasehold is ok but the commercial title is issue to me..I gv deposite d, a bit regret..

  113. Tembaga
    November 16th, 2011 at 08:24 | #113

    @DEN, do take a look at the latest Bayan Mutiara project by Ivory/Dijaya. You will think that summerton is a good buy. Current raw land price is at RM200/sqft. The developed property will definately sold > RM500/sqft. Look at Putra place, now selling at RM420/sqft. Imagine what will be the price per sqft 3 years from now when summerton is completed. If you are looking for long term, summerton is still a good buy.

  114. Den
    November 16th, 2011 at 10:21 | #114

    @tembaga , thk for ur sharing. The giant projects in Bayan Mutiara doesn’t gv me confident as well due to the developers.
    Is it the local developers have much financial for this projects. Even Tg Pinang doesn’t have high demand which locate in rich area. I worry is supply more than demand! thk

  115. cajun
    November 16th, 2011 at 19:26 | #115

    Dijaya Corp is the financial support behind this project. All the Tropicana projects have not failed so far. I have the confident in the Penang World City project as well as the Summerton project.

  116. Housing Loan Officer
    November 17th, 2011 at 14:34 | #116

    Hi all im nirmala housing loan officer from affinbank,for summerton project can start to apply loan.For loan application can call me 016 4023110 or email me nirmala_831@yahoo.com or nirmaladevi@affinbank.com.my

  117. Den
    November 19th, 2011 at 02:03 | #117

    Dun ever cal to Housing Loan Officer, Nirmala. She not professional in wad she do.
    I had called her for whole day, not even return my cal. not responsiblea at all.

  118. Den
    November 22nd, 2011 at 13:36 | #118

    the loan up to 90%, longest financing tenure up to 45yrs.

  119. Tan C M
    November 22nd, 2011 at 17:18 | #119

    Seaview units offer breathtaking sight if high enough to surpass Gold Coast’s blockage, but come with occasional noisy traffic along Persiaran Bayan Indah.

  120. DEN
    November 30th, 2011 at 14:31 | #120

    I still no confident with this project because my mind have a few questions
    1) Is it the developer reliable ? ( G.I.M ‘s website still Under Construction for so long ) .
    2) Mostly property attach with shoplots , the price appreciation will not high.

    Thank

  121. TK
    December 8th, 2011 at 00:39 | #121

    I would like to buy this project for investment, however after review above all comments. Now only 50% confident with this project. May I know this project is good for invest? Anybody could share your opinion? thanks

  122. Housing Loan Officer
    December 8th, 2011 at 22:49 | #122

    Hi Den,im very sorry. im hospitalized at tht point of time.anything please email me at nirmala_831@yahoo.com i will reply back.Thank you

  123. DEN
    December 14th, 2011 at 16:39 | #123

    Hi, I would like to cancel my bookings for 9th floor unit 1840sqft face Villa Emas. If you interested, please do let me know dennis_kyh@hotmail.com. Thank

  124. Pen
    December 16th, 2011 at 21:41 | #124

    Den, price rebate of Primo Height had decreased. In another word, price has increased. Do consider to keep it. Left over units are 6 or less now.

  125. DEN
    December 17th, 2011 at 11:19 | #125

    Pen , i know tat ,but after i serious consider tat commercial title mostly will not got high appreciation. Some more next yrs might be market inflation and euro debt crisis until today dont hv solution. In US – Cities With Dangerously Falling Home Prices – Yahoo! Real Estate.

  126. Pen
    December 17th, 2011 at 14:06 | #126

    @Den, well, was 2009 Lehmann brother bankruptcy a crisis? Did you see Penang house price dip? Location is everything, 10 years ago, lots of ppl rejected leasehold property. See it yourself with the appreciation rate of putra place. Now ppl still refuse commercial title, but tons of KL properties are on commercial title and selling well.

    I read from a few blogs, many commercial title suite are given residential utility tariff in KL. The developer and management can write in to appeal.

    With the arrival of Penang World City (@Byn Indah) and new Hunza project (@ BJ), I don’t think these developers are stupid.

    But the choice is yours…

  127. Tembaga
    December 19th, 2011 at 09:59 | #127

    Commercial title is free from government ruling of 70% bank loan cap for 3rd house. Thus, this type of house will attract more investors. Those residential title will be affected by the ruling. Unless government change the rule else commercial title is still good for investment. Besides, the launching price per sq ft is > 10% cheaper than Putra Place current price. So even the price dippped by 10%, the house price will be still Ok after completion in 2014. By then thing will change. The price will definitely increase with other launches especially Bayab Mutiara. So if you have holding power, don’t let go.

  128. penang kia
    December 19th, 2011 at 20:38 | #128

    Location, location and location… regardless of freehold, leasehold, residential, or commercial title. The key factor is still… location!

  129. Tembaga
    December 23rd, 2011 at 14:59 | #129

    Anyone cancelling or did not sign the S&P? Today is the last day of signing S&P. Just want to check how many people opt to cancel the booking.

  130. Pen
    December 23rd, 2011 at 20:28 | #130

    I didn’t see any additional units being “released” yet.

  131. Pen
    December 27th, 2011 at 13:10 | #131

    Can someone elabrorate a little bit more on why Summerton by GSD is commented as such a bad project vs others? And the selling was set so reasonable at $340psf. The layouts were almost perfectly designed if vs the Sierra Residences.

  132. Pen
    January 6th, 2012 at 20:39 | #132

    Anyone know other than RHB and Ambank, does the developer add any new bank panels?

  133. spongebob
    January 13th, 2012 at 22:12 | #133

    It’s not uncommon to see bad comments in many other blogs or projects too, with various motives of course. Many of them still selling well especially good location, and make sense to buy.

  134. Pen
    January 13th, 2012 at 23:27 | #134

    @spongebob

    Well said, that’s why I’m still holding onto my booked unit.

  135. penang kia
    January 14th, 2012 at 23:27 | #135

    both are leasehold, the address @480psf in BJ while summerton <400psf in QB hotspot. The potential is… obvious!

  136. Sue
    January 26th, 2012 at 09:23 | #136

    Anyone has signed the S&P. I am still KIV onto my booked unit due to leasehold title and commercial rate for water and electricity. 50/50 to release or to proceed…..

  137. Tembaga
    January 30th, 2012 at 16:59 | #137

    @Sue, Are you aware that S&P is only for the condo? The S&P for the car park will be later. What it means is that the buyer do not have opportunity to chose the car park location and I heard will be “assigned” by the developer…. what if after sigining S&P, you are assigned with lousy car park location?

  138. Sue
    February 1st, 2012 at 10:37 | #138

    @ Tembaga I am not aware, btw thanks for the info. I requested a copy to review however they could not share with me since the person incharge was not around. Until today I did not collect the S&P yet.

  139. penang kia
    February 1st, 2012 at 14:21 | #139

    No hurry. Property market is slowing down. Developer shouldn’t forces s&p sign for the good of both sides. Else you know what will happen with existing bookings.

  140. frogprince
    March 3rd, 2012 at 09:15 | #140

    I don’t think the slow down is significant. Look at Southbay Plaza. Very good take up rate. In fact there is a change of hand on one of the sea view unit @900psf even before sign S&P! This is commercial as well. Look at The Address, and currently ppl are queuing up for Vertiq. All these ppl are buying to hedge inflation and rising cost in 2015 or 2016.
    As for S&P, if the developer does not put a time limit, they are at the losing side as they cannot capture as confirmed sales and may affect the development of the project. So it is normal the S&P has to be signed 2-3 weeks after booking unless the project has not been approved like in the case of Arena near Pisa.
    As for car park, nowadays developer will assign to avoid uncontrol situation. Even on high end condo.

  141. own stay
    March 3rd, 2012 at 14:19 | #141

    What’s the point if spa signed but without time limit for stamping? Be fair to buyers too.

  142. frogprince
    March 3rd, 2012 at 20:55 | #142

    Right, which is why I did not buy :)
    The businessman care about profit but buyers can choose not to buy if one feels not fair.
    But then, as a sharing: if I am not mistaken, the S&P will state the latest it has to be stamped. I did ask for The Wave project at Times Square which is 18 months. That makes it 3 years plus 18 months max.

  143. tembaga
    March 7th, 2012 at 19:28 | #143

    Well. I really think the market has slowed down. The developer is suppose to launch the north tower end of last year. Seems that they are just opening for registration. Thus, I guess the S&P stamping for the south tower will definitely be delayed.

  144. own stay
    March 7th, 2012 at 20:22 | #144

    Developer can’t even assure side by side car park allocation, for additional car park purchase which cost 25k. What’s the logic behind?

  145. Pen
    March 7th, 2012 at 21:41 | #145

    As fas as I know the additional car park cost $35k!

  146. tembaga
    March 7th, 2012 at 23:53 | #146

    The resale value of the property is also partly determined by carpark location.

  147. own stay
    March 8th, 2012 at 20:26 | #147

    Sorry for typo… yes 35k!

  148. penang kia
    April 5th, 2012 at 21:05 | #148

    The site clearing is started. Is SPA stamped?

  149. Pgtelescope
    April 19th, 2012 at 22:48 | #149

    @pen

    Mbb, pbb, affin are oso their panel, if not mistaken, bsn oso can process loan. I got my loan approved by mbb.

  150. Pen
    April 24th, 2012 at 23:38 | #150

    Pgtelescope :
    @pen
    Mbb, pbb, affin are oso their panel, if not mistaken, bsn oso can process loan. I got my loan approved by mbb.

    Hi Pgtelescope, what is your interest rate given from MBB? And other banks? Have you signed the SPA?

  151. Pen
    April 28th, 2012 at 13:29 | #151

    I had finally signed my SPA, fingers crossed this will be a successful project!

  152. Sue
    April 30th, 2012 at 15:34 | #152

    After further consideration due to commercial rate , leasehold title and additional RM35 K for 2nd car park, I withdraw this project. Looking forward for other attractive projects.

  153. Pen
    May 1st, 2012 at 11:14 | #153

    @Sue

    It’s about the location. ‘Products’ came with different specs to fulfill different demands. Anyhow it’s a personal choice.

  154. cl
    May 4th, 2012 at 10:23 | #154

    Seeing the the construction work is progressive ongoing with land clearing and piling prepartion work start.

  155. Pen
    May 4th, 2012 at 11:56 | #155

    @cl

    Good to know that, if you are going there again, can share some photos? Are you 1 of the owner too? Thanks.

  156. cl
    May 4th, 2012 at 13:16 | #156

    Just passby and saw it. I think you can go to GSD Land web site to view the progress.
    http://www.gsdland.com.my/

  157. Pen
    May 5th, 2012 at 09:25 | #157

    @cl
    Great, just realized that they did post dated progress photos on their web, nice. Thanks CL.

  158. Pgtelescope
    May 5th, 2012 at 22:59 | #158

    @pen
    Sorry, just back in town.
    Mbb offered at blr – 2.3, I already signed the spa

  159. Pen
    May 7th, 2012 at 00:26 | #159

    @Pgtelescope
    Thanks, future neighbor.

  160. kz
    June 3rd, 2012 at 17:48 | #160

    any new progress here?

  161. Pen
    June 18th, 2012 at 00:10 | #161

    @kz
    Check this out.
    http://www.gsdland.com.my/page/gallery/site-progress/summerton-bayan-indah.aspx

  162. sweet home
    sweet home
    June 26th, 2012 at 19:25 | #162

    Gold coast is now selling at RM 500 psf. Dunno what project should i go for? Summerton is a new project and sell in lower price, but i need to stay in immediately, how to choose?

  163. Pen
    June 26th, 2012 at 20:38 | #163

    @sweet home
    Putra place is at ~$450psf. Depending on the floor height n facing. Nice place too.

  164. sweet home
    sweet home
    June 26th, 2012 at 21:35 | #164

    I went to GSD sales office, phase 1 already sold out and phase 2 only left few corner units.
    And the price already gone up to RM 468 psf. Congrates to those who buy the phase 1 and those early bird, already earn RM100k ++…. I am still considering whether want to log in a unit or not…. The design of summerton and its facilities is very attractive…. Very regret not buy earlier

  165. Pen
    June 26th, 2012 at 21:49 | #165

    @sweet home
    Are you from the sales office?

  166. sweet home
    sweet home
    June 26th, 2012 at 21:55 | #166

    @Pen
    Why ask this? Am i look likes a sales person from them? hahahh…

  167. Pen
    June 26th, 2012 at 22:02 | #167

    @sweet home
    Hahaha, you sounded like from GSD office. Gave so many good comments on the project but still yet to buy. It will be more convincing if you had booked 1 already.

  168. sweet home
    sweet home
    June 26th, 2012 at 22:18 | #168

    Actually i already noticed this project since last year, and i like their design which come with shoplot, but no take action since earlier of lauching. Now the price already gone up, and is doubt whether want to book one as i have no any advantage in sub sales later. Do you grab one?

  169. SP
    June 27th, 2012 at 10:44 | #169

    @sweet home
    I received sms from GSD on 20 Jun ask to visit Space Property Fair in QB Mall on 21-24 June and enjoy rebate up to 50K. But I didn’t go at the end. Any idea what project is rebate up to 50K?

  170. Pen
    June 30th, 2012 at 22:41 | #170

    @sweet home
    I am pretty sure you are from sales office, n I am the buyer. Both of us want to see the success of this project. But, I won’t hard sell it the way you did.

    But I am still glad to see the construction progress of this project so far, with the new announcement from PWC (Ivory announced the plan of PWC’s phase 1, 2, 3 & 4), with that I’m sure I had selected the right property to buy.

  171. sweet home
    sweet home
    July 24th, 2012 at 13:36 | #171

    @Pen
    This project is leasehold 84 years, the sales person said they will extend to 99 years, is this believable? Another thing is, this is 13 unit per floor, is it too much or high density?

  172. Mike
    August 19th, 2012 at 21:15 | #172

    Price ha been appreciated this month….the resalesmprice for QB area of condo are selling at least RM500 sf now….dun wait bro!

  173. jackie
    September 15th, 2012 at 05:22 | #173

    84 years of leasehold…very unusual..
    GSD projects better watchout, very good in conceptual, but with blocked sea view and nearby to queensbay mall as one of the major seling point, 1 car parks only provided is clearly not enough.

  174. Ahmad Fairuz
    September 16th, 2012 at 22:23 | #174

    As long as it’s located at prime area, whether it’s lease hold or block view, it will be appreciated also. That is why people say, location, location and location.

  175. Mike
    September 26th, 2012 at 22:33 | #175

    Agreed with ahmad.

  176. Pgtelescope
    October 9th, 2012 at 23:43 | #176

    Agreed with Ahmad and Mike…..happy to hear appreciation……

  177. Pgtelescope
    October 9th, 2012 at 23:46 | #177

    I passed by the site last week and I saw their project progress are quite smooth.

  178. cl
    October 10th, 2012 at 08:51 | #178

    The work construction is progress good until night lately.

  179. Natasha
    November 6th, 2012 at 14:55 | #179

    Went to GSD Sales office today, 15xx sqft selling at 716k above and 18xx selling at 863k above. Got some rebate promotion up to 50k (15xx sqft discount RM25 per sqft, 18xx discount RM28 per sqft), 2 car parks. Lease hold. Still got many units for sale.
    For first hand buyer, do you mind to tell how much you bought?

  180. PG Guy
    November 6th, 2012 at 16:57 | #180

    Better to get landed property…. furthermore this is reclaimed land…. bit unstable…. beware…..

  181. Liza
    November 13th, 2012 at 13:11 | #181

    @Natasha
    Hi the 1ft hand buyer bought cheaper but no discount….car park also need to buy at 35k. Aft discount, the current price is about the same with 1ft hand buyer. Bro, dun wait until unit reached 1m only act. Act now before too late. Even none prime area like sg ara are selling rm400 sf now. Why wait? But again, choice is a your hand. Just last piece of advice, are u seeking Penang property price dropping? Simple question to make decision

  182. Pen
    Pen
    November 23rd, 2012 at 22:25 | #182

    Wow, they are asking for 2nd 10% now. Fast fast fast!

  183. kent
    December 9th, 2012 at 22:36 | #183

    Rite…observed 2nd floor is on going construct. My frien just bookek one.i think is good buy n good developer

  184. foreigner
    December 20th, 2012 at 13:20 | #184

    kent :
    Rite…observed 2nd floor is on going construct. My frien just bookek one.i think is good buy n good developer

    I dont think are good developed.please refer to garden ville project then u will know many negative comments about this developer and their staff.

  185. chin
    January 23rd, 2013 at 23:58 | #185

    obviously they had chnaged…try it out now

  186. Pen
    Pen
    January 24th, 2013 at 17:46 | #186

    @foreigner
    There is no perfect developer. Premium developers charge premium price, average developer charge average price.

    As long as I see for this project, it’s doing well, and going fast.

  187. Truth
    January 24th, 2013 at 17:57 | #187

    @chin

    There are many things to play but using money to play and TRY !!!!.

  188. Goreng
    February 3rd, 2013 at 10:51 | #188

    Play? Go and see how successful was PWC Phase 1A launch. Then, you will start to see the worth of this project.

  189. chin
    February 5th, 2013 at 21:30 | #189

    Folks, this is right project to invest…I am not from developer. The Penang World City price vs Summerton here…so huge!

  190. Pen
    Pen
    February 7th, 2013 at 21:33 | #190

    @chin
    How come I think you are from developer?

  191. chin
    February 7th, 2013 at 21:57 | #191

    @Pen
    Brother, just trust me one time to avoid regret many time in future.

  192. Lim
    February 16th, 2013 at 18:53 | #192

    Just bought one…believe it,s worth investing compare with pwc…close to QB and reasonable price except lease hold status. I observed one world also lease hold but price has increase to RM400 sf despite only 75yrs lease hold. Why want to pay so high just for free hold? I am just puzzle

  193. ks_rev
    February 16th, 2013 at 19:13 | #193

    how long is the leasehold period for Summerton, is it count from 99 yrs, or follow those Gold Coast/Putra Place’s lease period (which is now 80+ yrs)…

  194. sfc2174
    February 17th, 2013 at 22:05 | #194

    Compare with The Penang World City, the selling price for 1300sf 900K above, freehold, landscape area is big. Which one worth to buy?

  195. kin
    February 20th, 2013 at 22:33 | #195

    The summeerton 1840sfonly 860k..after discuss, RM800K. I go for summerton. Pls note the PWC block A-D are not facing sea and next to main road.

  196. ah kau
    February 21st, 2013 at 22:22 | #196

    Agreed with Kin..what is justification to buy PWC? We are paying too high premium here thinking it will go up further since this is 1st phase. Will it go up? Not so sure

  197. TCM
    February 21st, 2013 at 23:14 | #197

    Kin,
    I am interested to know what kind of debate resulting 1840sf unit price reduce from RM860K to RM800K, can you share?

  198. kin
    February 23rd, 2013 at 17:58 | #198

    CNY special rebate…it’s over now

    @TCM

  199. Goreng
    February 23rd, 2013 at 18:22 | #199

    What’s the price psf now?

  200. daniel
    February 24th, 2013 at 14:12 | #200

    bought a phase 2 1566sqft unit unit for won stay.

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