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Stramax Residences

August 5th, 2011 Leave a comment

Stramex

Stramax Residences is a Gated and Guarded residential development  located along Jalan Kenari within the  established township of Sungai Ara, Penang. This development comprises 85 units of 3-storey terrace, 22 units of  3-storey townhouse.

Property Project : Stramax Residences
Location : Sungai Ara, Penang
Property Type : 3-storey terrace & townhouse
Tenure : Freehold
Total Units : 85 (3-storey Terrace), 22 (3-storey Townhouse)
Developer : Palmex Industries
Contact No: 04-646 9022 / 04-646 9023
Indicative Price: RM 1,500,000 onwards

Location Map:

 

Categories: Sungai Ara Tags:
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  1. Ken (Admin)
    Ken
    August 5th, 2011 at 13:16 | #1

    I think this is opposite Vistaria Condo. Anyone has more info?

  2. CK
    August 5th, 2011 at 16:39 | #2

    I think they have not finalise that layout and built up yet also…

  3. T
    August 5th, 2011 at 16:58 | #3

    rm900k take 50 years to repay back with monthly rm3k, totally no life

  4. CK
    August 5th, 2011 at 19:14 | #4

    If can’t afford don’t bark here… There will be hundreds of potetential buyer with the means to procure. You are definately not one of them….

  5. Miruku
    August 5th, 2011 at 22:00 | #5

    So confirm built opposite Vistaria Condo?

  6. T
    August 5th, 2011 at 22:08 | #6

    House loan has taken up 2/3 of most ppl income while developer laughing the way to the bank

  7. em
    August 19th, 2011 at 13:52 | #7

    Yes, it is; Basically sandwich between hill slope & Vistaria (blocking) and opposite Rain Tree Garden 2nd phase.

  8. WWW
    August 23rd, 2011 at 11:59 | #8

    Heard this project not going to launch so soon. Most probably wait till good market price in penang only launch. I bet it’ll go beyond RM900K, maybe RM988K onward as now all 3ST easily hit ~RM1mil. Loan 900K for 35years, installment RM4K/month…. Youngster with 80’s if no rich family backup, forget about buying landed house in Penang. Assume fresh engineer with RM3K salary, selling price like 300X than his/her salary. But, I think this ratio still better than Singapore/HK, they easily 500-1000X I guess. Any comment?

  9. CK
    August 23rd, 2011 at 21:01 | #9

    @WWW,
    You have your point there, the salary scheme for does not really improves much for the past decades especially entry level. It does not even reflects the on-going inflation. I would says the gap will keep on growing. I think Penang is now going at a pace, maybe playing catch up.. but not going to be so soon on par with Singapore or HK.. It will in the near future I guess…

    But going by the rate of new launching, I do not think Penang is slowing down anytime soon. Now even Suiwah is joining the billion dollar club… I wonder if all these new launching can really be absorbed fully… But I am loving it, more choices….

  10. J
    August 24th, 2011 at 00:19 | #10

    Wondering if this is a good location to buy for own stay at 900k+ … Loan will be pretty steep. The surrounding areas seem to ask for ~750k but with smaller built-up. Will you buy?

  11. CK
    August 24th, 2011 at 01:17 | #11

    I think it will be premature to make any urge decision at all since we do not have an idea of what’s it’s going to look like, whether there’s any unique concept? What facilities, maybe the pockets of greens area provided? Garden, children playground etc….

    Location wise, my opinion is, it’s a very nice area…. plenty full of green pockets around. Nothing beats the smell of fresh morning air from a hillside resident.
    Provided there’s road map for preservation.

  12. KEN
    August 24th, 2011 at 09:45 | #12

    J,
    For own stay or invest, always look for environment which you think suit you/family. Price just base on your budget. I did get advice from someone who say:” Young guy. You buy new property not base on you afford to pay the installment now or not. You should look further to after 2-3years installment budget. Your salary will increase while the property price also increase together. If you delay buy after 2-3years, price still higher than now and you still can’t afford to buy. Maybe forever.”.

  13. J
    August 24th, 2011 at 22:56 | #13

    CK, KEN, thanks for your advice. Yes, I like the surrounding green and it is G&G. I prefer to have guards and standardized outlook (which will actually make the whole environment looks nicer)

    However, I am not local and still hesitating to buy a landed property at 900k+ since my family is pretty small now, only 2 young ones. Serving say 5k per month for the coming years is quite a big commitment. Then, SPI is cheaper by ~100k unless there is early bird discounts from developer.

    Salary may or may not go up depending on the global economy. Further down the road have to think about children education. A moderate size condo (also not that cheap today … easily 450k onwards) would probably better suit my needs at least for the coming few years. While schooling shouldn’t be a problem around this area for primary, secondary would be pretty bad. In this sense, maybe I should just look for something in town? I guess I am thinking ahead too far, :p

    Let’s wait and see the developer’s plan. Couldn’t get much details so far … the staffs are lip tight.

  14. CK
    CK
    September 23rd, 2011 at 22:00 | #14

    Is this project on track?

  15. J
    September 26th, 2011 at 23:07 | #15

    According to Palmex staff, their boss does not rush for the project to complete … I am not sure if this is a tactic to increase price later. With no date promise, there is no ‘on track’ or not, :). Based on the current trend, it seems the earliest launch will be year end. Having said that, the other project nearby Changkat Sg Ara on hill slope seems to resume some work recently. May be with “competition”, it will be slightly faster?

    Information wise, they do not want to comment anything except for pricing and build-up start from 900k and 3000 respectively.

  16. Kenny
    September 26th, 2011 at 23:17 | #16

    Will no expect price will be cheap… setia green build up 3000 will cost almost 1m. Location for stramex will be better than SG and somemore is gated.

  17. CK
    CK
    September 27th, 2011 at 02:03 | #17

    I think this is a very smart strategy game being cooked up by Palmex. Sunway have acquired 80acre of land nearby. This place will BooM big time should Sunway did indeed proceed with new launching on the area.

    Palmex is waiting to ride the wave, with Sunway’s project as neighbor, I do not think the price will be anything below 950K for 3K sq/ft built up. Delaying the project now to launch at a later date is very clever as Palmex are only waiting to strike when the iron is hot. Clever indeed!!! At least that’s my guess.

    You guys have already guessed it. Now let’s sit back and watch.
    And if the benchmark of current landed property is anything to go by, even while I honestly think the property price in Penang have gone a little insane in these 2-3 years, fast fast buy don’t think twice!!!

  18. Kenny
    September 27th, 2011 at 10:53 | #18

    @CK
    sunway 80acre land project is locate at desaria area ??

  19. CK
    CK
    September 27th, 2011 at 22:42 | #19

    Kenny, it’s supposed to be behind Regency Heights.

  20. J
    September 29th, 2011 at 00:14 | #20

    Behind RH? Extending from the current dead end road at RainTree Garden (1st phase)?

  21. CT
    September 29th, 2011 at 00:45 | #21

    should be opposite Vistaria. the area has been fenced up ~2months ago..

  22. J
    September 30th, 2011 at 22:21 | #22

    I was referring to the Sunway 80acre land CK mentioned …. wondering where

  23. Kenny
    October 6th, 2011 at 20:58 | #23

    i heard that is someway beside setia green ( close to siara 81).. it is true ?

  24. BatuKia
    October 24th, 2011 at 17:10 | #24

    Still not launch yet and no any picture or floorplan..

  25. Desaria
    November 8th, 2011 at 12:58 | #25

    read the news, sunway project will build bunglow / semi-D at location behind to rain-tree, regency hright, sunrise garden. Price expected high at around rm550-700 psf. If this come thru, stramex might be valid to go.

  26. CK
    November 14th, 2011 at 23:28 | #26

    Not sure about the price per sq/ft. But read some where it’s called Sunway Hill Residence.
    Tentatively, the construction to start from 2012 through 2017.

    It’s already November now, so it should launch very soon if the project is to go.

  27. BatuKia
    November 16th, 2011 at 09:54 | #27

    I called their office, the sale girl told me that will launch on early 2012. The floor plan everything will be ready in another 2 months. the land size is 20X80 and built up area are from 2,991 sq. ft to 3,272 sq.ft

  28. willow
    January 4th, 2012 at 09:21 | #28

    size will be 22 x 75 land size. my friend recently bought on 22 x 75 in desaria 3 storey cost him 1050k blank house

  29. hssf
    January 14th, 2012 at 13:25 | #29

    hi Willow,
    thanks for your input.
    Any idea what is the price range and when will it be launched for Stramex?
    I am interested as am looking for a landed at Sg. ara area.

    thanks
    hssf

  30. J
    January 15th, 2012 at 01:37 | #30

    22×75 cost 1mil in Desaria? Where? Sounds expensive coz a few semi-D here was sold for around 1.2mil just a couple of months ago.

  31. hssf
    January 29th, 2012 at 12:36 | #31

    hi guys,
    any idea when will stramex be launched?

    thanks
    hssf

  32. J
    March 5th, 2012 at 23:24 | #32

    Ping the office staffs multiple times, and it seems really no one knows when it is going to launch. Some rumors nearby residents are opposing …

  33. desaria
    April 23rd, 2012 at 23:29 | #33

    any news for launching ??

  34. CK
    April 23rd, 2012 at 23:58 | #34

    I think there’s some objection from the Desaria resident nearby… Do inform if there is any news

  35. CK
    July 15th, 2012 at 22:39 | #35

    T :
    House loan has taken up 2/3 of most ppl income while developer laughing the way to the bank

    tat is you only

  36. hh
    December 13th, 2012 at 22:36 | #36

    I heard palmex won the case.

  37. Indo
    December 14th, 2012 at 13:11 | #37

    hh :
    I heard palmex won the case.

    greedy state goverment only will help the wealthy developer

  38. J
    January 15th, 2013 at 01:04 | #38

    Gave up on this project after much consideration …. Location is nice, design and space suits my taste/needs, but predicted price (based on Palmex’s staff) is very high, at about 1.2mil

    Coupled with some concerns on the filled land (it was a small valley), price uncertainty and whether can get a unit, I opt for SP Setia region instead. Hope I don’t regret, :)

  39. 123 Property
    January 20th, 2013 at 12:51 | #39

    @J

    Good luck…hehe…heard from my friend that he is satisfy that he bought as Setia Pearl Island…

  40. Penang Homes
    March 5th, 2013 at 07:59 | #40

    Is this project open for registration?

  41. J
    March 5th, 2013 at 09:18 | #41

    The registration starts long ago. I was told about 500+ had registered 2 years ago. To me, the location is very good, but too bad, don’t know when it can be launched. You can try your luck.

  42. ncl
    ncl
    May 1st, 2013 at 17:56 | #42

    Any updates on this project? What is the latest indicative price?

  43. Matu Maung
    June 9th, 2013 at 17:21 | #43

    any news ? i really aim for this project for wn stay

  44. Q
    Q
    December 3rd, 2013 at 10:39 | #44

    any DIBS for this project, or discount?

  45. Q
    January 15th, 2014 at 00:30 | #45

    ADMIN, when launch?

  46. Q
    January 15th, 2014 at 00:36 | #46

    When launch. M interested to get one.

  47. c
    May 11th, 2014 at 23:01 | #47

    curios this project is on hold?

    any update to share?

  48. WF
    January 14th, 2015 at 13:51 | #48

    missed it during the recent fair.

    How much price estimate to launch

  49. Desaria
    February 16th, 2015 at 23:39 | #49

    Launched…price at range 1.38mu to 1.48 mu range. Good value to buy?

  50. Kenny
    February 21st, 2015 at 15:18 | #50

    anyone visited G-hotel for the launch ? any info can share ?

  51. Desaria
    April 11th, 2015 at 22:16 | #51

    visited office , >50% sold. thinking to hv one… any comment for this project?

  52. Lol rvp
    April 12th, 2015 at 07:31 | #52

    Any rebate or dibs???

  53. Desaria
    April 12th, 2015 at 07:48 | #53

    No… just free legal fee

  54. willow2018
    April 12th, 2015 at 10:31 | #54

    > $840 per sq feet, that is really over priced for a landed terrace, if u plan for investment I will say (personal opinion), rich people will buy spend 1.4mil to buy a terrace? probably not, 1.4mil I have much choice for second hand desaria semi-D 3000sq feet, say I buy it for 1.6mil, spend 300k for touch up, I get a better ROI.

    Really, 1.5mil for a small terrace, if u plan to stay for whole life not selling it next maybe is ok, if u plan to sell off with price 1.6mil in future, then u have to think about if u have the buyers…

    Haha, then again, this is based on my poor man opinion.

    Regards,
    Willow

  55. Sampan
    April 12th, 2015 at 11:58 | #55

    tempted to buy one as investment for the next generation.

  56. Desaria
    April 12th, 2015 at 20:41 | #56

    Next to stramax land reserve for high rise condo. And also behind land belong to sunway which plan for high rise as well. will it carry impact to stramax ?? any opinion

  57. kenny
    April 24th, 2015 at 21:29 | #57

    good project ?

  58. ricching
    July 9th, 2015 at 13:02 | #58

    I think the land next to stramax still no development from Sunway, maybe they busy with the commercial project in paya terubong near the ECo world Terraces, previously heard it was stopped by Penang government to preserve forest above certain level

    I think is a good location overall and since will be completed ~2018.. could still be a good project for own stay for those looking for landed & guarded community in Sg Ara

    personally i have faith in IOI based on their previous projects like Regency heights

  59. Chee
    February 14th, 2016 at 14:42 | #59

    I went to their office and saw most if the units sold out already .you are right iOi is one of the best listed developer in Malaysia . Their furnishing n quality are very good

  60. Curious
    February 22nd, 2016 at 11:17 | #60

    Just saw their road show at QB mall Penang, and wen to see the show unit at the site (seems for viewing?) Very good quality and spacious design for typeA

  61. Chee
    February 22nd, 2016 at 21:02 | #61

    Me also like to buy but not able to afford. Yes type are are very spacious compare to b n c. C type got extra car park n entrance but the price also expensive .as what I know type b n c fully sold out already .

  62. Wow
    June 10th, 2016 at 11:41 | #62

    Anyone know whether BUMI Lots open already or not? If yes, how much? Can apply for Deferred Scheme? Thanks

  63. Chee
    June 15th, 2016 at 08:23 | #63

    According to Malaysian government bumi lot must be kept until obtain vp
    If there are no buyer then only it will be open to non bumi
    It will be better if u go to iOi office n inform them to let you know once the bumi lot is release
    Roughy upon completion of the project 2018

  64. Lego
    August 1st, 2016 at 10:32 | #64

    Any updates on this project? how is the sales so far?

  65. Anson
    February 3rd, 2017 at 12:33 | #65

    BUMI Lots open already or not? No…but developer always can play those trick like swap between unit that less demand.

    Now still have few unit leave starting at 1.4++ to 1.5mil ++

    Good luck.

  66. Desaria
    February 9th, 2017 at 21:01 | #66

    review the site plan, main road is narrow with only 32ft .. standard as G&G ?

  67. Lee
    April 20th, 2017 at 14:26 | #67

    anyone know when is the expected completion timeframe? early 2018 can be done?

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