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Olive Tree Residences

November 25th, 2011 Leave a comment

Olive Tree Residences, part of the upcoming mixed development by Harta Intan. Located on a 3 arce site next to “The One” project in Bayan Baru, Penang. This 23-storey condominium comprises 91 residential units. This project was formally known as Mahsuri Condominium.

Property Project : Olive Tree Residences
Location : Bayan Baru, Penang
Property Type : Condominium
Units: 91
Land Tenure: Freehold
Indicative Price: RM 900,000 onwards
Developer : Harta Intan Group

Contributed by Reader – Nov/2013

Categories: Bayan Baru Tags:
  1. eric
    November 25th, 2011 at 09:44 | #1

    Ken, the developer website is www.higroup.com.my. You can add to above

  2. Ken (Admin)
    Ken (Admin)
    November 25th, 2011 at 10:01 | #2

    Thanks eric. :) I have updated the developer website.

  3. condomana
    November 25th, 2011 at 10:02 | #3

    Any more information? Launching date? size? price psqft?

  4. Ken (Admin)
    Ken (Admin)
    November 25th, 2011 at 10:09 | #4

    Launching next year. Price and size not sure yet (anyone has insider info?). Perhaps you can register with them first.

  5. condomana
    November 25th, 2011 at 10:21 | #5

    91 units only, surely reserved for exclusive customers, mana got chance to buy?

  6. WK
    November 25th, 2011 at 10:53 | #6

    Wah, sound good and hopefully can get one :)

  7. KS_rev
    November 25th, 2011 at 17:00 | #7

    Nearby The One site still got place to ‘squeeze’ in the Olive Tree shoplot and condo??

  8. WK
    November 25th, 2011 at 17:04 | #8

    Don’t know and anyone can share the exact contruction location.

  9. BBa
    November 25th, 2011 at 17:26 | #9

    Bayan Baru is getting more and more busy nowadays with all these new development. After D’piazza, there will be one world, one world II, the arena, Elite height, olive tree, and also the upcoming integrated development from Hunza. I am wondering how the traffic gonna cope with all these? For those travelling from the bridge (be it from Bayan Lepas hwy or Jalan sultan azlan shah), you will have to first overcome the big and congested round-about, then the nightmare at the 2 traffic lights at Jalan Tun Dr Awang. In the future we have the SPICe coming up, imagine if really having major events, the place would be jammed pack like mad, unless you take a helicopter.

    Penang Island is in urgent need to have a more robust public transportation system, such as LRT or monorial, or else i don’t think any major developments can move ahead.

  10. Ken (Admin)
    Ken (Admin)
    November 25th, 2011 at 17:42 | #10

    I was told it is next to The One. Actually 3 arce land very small only. Looking at their design, may be possible. If anyone hear something different, please let me know :)

  11. Common Sense
    November 26th, 2011 at 21:06 | #11

    Expect the price to be around RM400 sqft following the current trend

  12. WK
    November 26th, 2011 at 22:25 | #12

    Should be but anyone know the build up? :)

  13. Eric
    November 26th, 2011 at 23:31 | #13

    I got info from one contractor that work on this project the size is 1400sqft but the price is unknown

  14. WK
    November 27th, 2011 at 22:56 | #14

    Eric, thanks for the info.

    Same as BSG Raffles Tower. If both are 1400 sqft and RM400 per sqft, maybe I will consider Olive Tree instead of Raffles Tower at Bukit Gambir.

  15. SK king
    December 1st, 2011 at 11:26 | #15

    anyone know when the registration or soft launch will be??
    and what is the expected price per unit??

  16. eric
    December 1st, 2011 at 12:56 | #16

    @SK king
    Heard starting launch on early next year. 2 type 1400sqft (hill view) and 1600sqft (seaview). Estimated price is RM400 psf

  17. eric
    December 1st, 2011 at 13:00 | #17

    SK King,
    opps… sorry. i misunderstood. My reply above is based on Raffles Tower. Please ignore.

  18. aaron
    March 2nd, 2012 at 20:13 | #18

    1650 and 1850 sf, two types only. total land is 5 acre plus land, including 10 shoplots.
    the other block is 3 or 4 star hotel.

  19. YK
    March 2nd, 2012 at 21:40 | #19

    @aaron
    Hi aaron, when is the launching date & pricing for this project?

  20. aaron
    March 2nd, 2012 at 23:32 | #20

    mid year and around RM450 psf

  21. YK
    March 3rd, 2012 at 00:03 | #21

    Hi aaron, please keep me update because interested on this project with low density. I did called in before but the sale person unable to provide me any info :(

  22. Mrs Ong
    March 21st, 2012 at 11:17 | #22

    please email me on this project — soplucky@yahoo.com thanks.

  23. Mrs Ong
    March 21st, 2012 at 16:03 | #23

    @YK, i’ve just called the sales office, they are open for registration. and there are like 300+ pl registered.

  24. YK
    March 29th, 2012 at 13:19 | #24

    Where is the actual location? Is it a piece of land that beside Hotel Seri Malaysia?

  25. YK
    March 29th, 2012 at 13:21 | #25

    Anyone aware of a piece of land beside Hotel Seri Malaysia already fenced up. What is that project?

  26. YK
    April 23rd, 2012 at 22:59 | #26

    Exact side shld be that piece of land beside Hotel Seri Malaysia. On that area, only left Hunza project to develope.

  27. wbk
    wbk
    April 24th, 2012 at 19:55 | #27

    Yet to submit plan to MPPP. Not so soon launch?

  28. lvghao
    April 30th, 2012 at 16:07 | #28

    Jus called Harta Intan, RM 500 psf..launching prob in June..

  29. Pen
    April 30th, 2012 at 19:18 | #29

    Where is the exact location?

  30. ycsoo1717
    ycsoo1717
    May 2nd, 2012 at 00:14 | #30

    @Pen, the location is just besides Hotel Sri Malaysia, Bayan Baru.

  31. Jamie
    May 2nd, 2012 at 13:25 | #31

    Any1 have any idea how many sq will this condo be?

  32. aaron
    May 2nd, 2012 at 14:42 | #32

    1680 and 1880 sf . two types only

  33. Pen
    May 12th, 2012 at 16:21 | #33

    @ycsoo1717
    Nope, I just found out that Olive Tree will be in the small land next to Arena, not next to Sri Malaysia.

  34. YK
    May 12th, 2012 at 17:57 | #34

    @Pen
    IC, I just get to know the land next to Sri Malaysia Hotel is D’Cascadium from Lion Group. If RM500 per sqft x 1680 sqft = RM840K. Wah, too expensive and out of budget :(

  35. Pen
    May 12th, 2012 at 19:57 | #35

    Since Arena is a hybrid property, a combination of residential n commercial titles. What will be the title for Olice Tree? Commercial or residential?

  36. Pen
    May 12th, 2012 at 20:00 | #36

    @YK
    I got the feeling that the developer will reduce the build up to smaller size. Like between 1000-1400sqft which are the widely popular sizes. $800k price tag condo will be hard to sell in BB areas as of now.

  37. aaron
    May 12th, 2012 at 20:19 | #37

    it is commercial title, understand from developer. heard it is around RM450 psf, then RM750k per unit with semi furnished, then sound more reasonable?

  38. YK
    May 13th, 2012 at 02:34 | #38

    @aaron
    Yes, sound more reasonable and better if RM750K with semi furnished on 1680 sqft condo. How about loan interest subsidy? If include, then can consider on this project.

  39. aaron
    May 13th, 2012 at 21:09 | #39

    no interest subsidy

  40. david
    May 15th, 2012 at 10:36 | #40

    Does anyone have the latest info D’Cascadium from Lion Group?

  41. Pen
    May 25th, 2012 at 21:42 | #41

    @YK
    Reasonable at the price of $750k? I think you must be from the office of developer. haha.

  42. YK
    May 25th, 2012 at 23:54 | #42

    @Pen

    U really don’t know the market value now. Did you know that leasehold D’Cascadium selling how much? If I’m one of the Harta Intan’s staff. I still need to ask around and search for info?

  43. Pen
    May 26th, 2012 at 08:54 | #43

    @YK
    Honestly, I really don’t know how both OTR and DC can sell when they launch. You may have to enlighten me. As fas as I know TGT is still selling below $350psf, Arena bumi lot release will be sold under $370psf, D’Piazza is selling under $370psf now. So what are their selling points at OTR n DC to allow them to fetch >$450psf?

  44. YK
    May 26th, 2012 at 09:51 | #44

    @Pen

    This is what we are facing it now. Nowadays developer market their project with projected future price.

  45. Pen
    May 26th, 2012 at 13:29 | #45

    I think both developers of OTR and DC will start dropping their launch price now after seeing the messages here, or to provide more facilities as attraction in their projects to launch, haha.

  46. LS
    May 27th, 2012 at 07:11 | #46

    Pen :@YK Honestly, I really don’t know how both OTR and DC can sell when they launch. You may have to enlighten me. As fas as I know TGT is still selling below $350psf, Arena bumi lot release will be sold under $370psf, D’Piazza is selling under $370psf now. So what are their selling points at OTR n DC to allow them to fetch >$450psf?

    May be the selling points is the free bus interchange by Arena… and the RM450psf have factor in the extra thing state government request to build. If not, kena like Arena developer have to chunk out from pocket or cut corner from building lah…

  47. Connie
    June 3rd, 2012 at 20:47 | #47

    @david

    hi David, what info do you need?

  48. Beilia
    Beilia
    June 14th, 2012 at 12:45 | #48

    anyone knows when is this launching ?

  49. Pen
    July 1st, 2012 at 17:22 | #49

    @LS
    If I have an elderly at home, I would prefer they can reach a bus depot or a bus stop easily. After I had lived in Singapore for a while, I can see how mobile are the elderlies there. They travel to malls, gathering, tai chi, friends house & market so freely with buses & MRT. The Malaysians’ elderlies are more pathetic as they will have to stay at home most of the time, and wait for their kids are back from work before they can leave house for a stretch.

    I personally like the bus depot concept. If they can add another monorail depot here it will be perfect!

  50. LS
    July 1st, 2012 at 18:32 | #50

    @Pen
    M’sia not like Singapore. There are a lot of snatch thieve cases and cheating plots especially targeting erlderlies in public places like bus depot. I will prefer they drive if can, if not, then better stay at places near to market or mall, like Lip Sin, Batu Lanchang, etc. Cannot just simply apply your concept here, it is very dangerous out there.

  51. Pen
    July 1st, 2012 at 19:49 | #51

    @LS
    Haha, I also disagree with you. If you afraid of snatch thieves, just don’t carry a hand bag, and don’t carry extra money. I bet Lip Sin & Batu Lanchang have snatch thieves as well, staying there is as risky.

    Cheating plot? Any markets & malls will have it, it’s not limited to bus depots. If they are not able to differential the plot, you better take additional steps to secure their saving.

    In short, I can’t lock my parents in the house because of the reason its not safe. But, I will take the preventive measures to ensure I won’t have total lost.

  52. wbk
    wbk
    July 6th, 2012 at 09:06 | #52

    @Pen

    wah…. willing to let your elders take the risk by letting them to walk to the bus depot and take the bus themselves?

    Arena really lucky lar to have such a die hard supporter… hehe…

  53. Tree
    July 6th, 2012 at 09:33 | #53

    This project located beside Arena? So small land, able to build condo + hotel + commercial shop lots??

  54. Pen
    July 6th, 2012 at 09:38 | #54

    @wbk
    Ya, you can do the direct opposite n buy 3 padlocks to make sure they are locked in the chamber till u come home everyday, your choice. Add a few more to make u feel safe!

  55. wbk
    wbk
    July 6th, 2012 at 09:48 | #55

    @Pen

    Hehe… go so extreme meh… wat we expect a sensible and educated child to do is to be responsible… Put them at risk or lock them up are both irresponsible lar… hehe…

    Up to you if you think it is OK lar… parent is yours… hehe…

  56. wbk2
    July 6th, 2012 at 09:50 | #56

    i want to buy, how to sign up

  57. Pen
    July 6th, 2012 at 10:18 | #57

    @wbk
    Allowing parents/elders to take bus to where they want to be is = put them at risk? I just don’t get the logic. Since when Penang is classified as war zone? Should we buy bulletproof vest, apply for guns, hire 4 bodyguard before walking out tonight?

    Yes, me parents are mine, full stop.

  58. wbk
    wbk
    July 6th, 2012 at 11:01 | #58

    @Pen

    No need to jump into conclusion so fast lor… wait till you get the bus interchange @ your Arena first lar. Safety is just one of the concern lar for the elders. Nowadays even shopping mall carpark also can get robbed one lar if not careful… Not to mention the noise ah, smog ah, etc lar.. hehe…

  59. Pen
    July 6th, 2012 at 11:41 | #59

    @wbk
    These, I agreed. Just read the news about the robbers at shopping malls.

  60. condomana
    July 6th, 2012 at 11:51 | #60

    LS :
    @Pen
    M’sia not like Singapore. There are a lot of snatch thieve cases and cheating plots especially targeting erlderlies in public places like bus depot. I will prefer they drive if can, if not, then better stay at places near to market or mall, like Lip Sin, Batu Lanchang, etc. Cannot just simply apply your concept here, it is very dangerous out there.

    what do you mean by Msia not like singapore? singapore no snatch thieve case? no cheating plots? do you read newspaper?

  61. GooGooJiao
    July 6th, 2012 at 12:13 | #61

    @condomana
    You just need to walk into singapore, i believe just that you can feel the different between singapore and malaysia. Yes snatch thieve case and cheating plots happen but please compare the percentage. Please go and ask worldwide ppl, malaysia izzit = singapore ? Dumbass !!

  62. ZAKARIYYA
    July 7th, 2012 at 18:42 | #62

    Relatively small project, very low density and relatively isolated residential from the rest of condominium projects in Bayan Baru. Better, more privacy. Worth buy for own stay.

  63. PG
    July 7th, 2012 at 19:31 | #63

    @ZAKARIYYA
    Ooh! No wonder that comment was left in Arena tread lah. The OT salesman started to work, they must have forgotten the bus depot is just less than 100m away from OT. And Bangla n Indon can manage to walk more than 100m to find toilets too.

    I bet they will start releasing more info on OT soon, launch date is near, sales team is at work.

  64. ZAKARIYYA
    July 8th, 2012 at 23:17 | #64

    @PG

    I like your suspicious mind. I am also interested to meet Zakariyya from OT Company!

  65. YK
    July 20th, 2012 at 22:52 | #65

    Today I passed by n saw their banner hanging there now. Pretty soon will be launched. Any got latest news to share?

  66. PG
    July 20th, 2012 at 23:28 | #66

    @YK
    Ask @ZAKARIYYA the sales

  67. YK
    July 21st, 2012 at 02:35 | #67

    @PG

    Haha…. and I don’t think he/she is :)

  68. Pen
    Pen
    July 21st, 2012 at 13:27 | #68

    I wonder how are they going to price this project. It will be interesting to compare with the Arena.

  69. ZAKARIYYA
    July 21st, 2012 at 14:00 | #69

    @PG

    There is nothing personal here, better concentrate on your portfolio rather than prejudice to Mr. ZAKARIYYA.

    Sound like OTR is really a ‘threat’ to your Arena, place of pride inspired by the ancient Roman amphitheater!

    How about your unit in Zan Pavilion? Sound like many surrounding nearby projects with better location are really threatening to Zan Pavilion sub sale market!

  70. U
    July 21st, 2012 at 14:58 | #70

    Compared to new project selling minimal at rm500k for 1100sqft like setia pinnacle … Add extra 100k for 2000sqft for zan… I think ppl may think twice also … Just an opinion … Comment ?

  71. PG
    July 21st, 2012 at 15:59 | #71

    @ZAKARIYYA
    Wow, the OTR sales is on fire now…. How much the OTR sales price? $450psf now? Do you have the layout? Do start blowing the pros of OTR over the nearby projects like Elit, D’Piazza, Arena, Promenade, One-World lah. See how far you can go?

  72. Analyst
    July 21st, 2012 at 17:36 | #72

    We hv Elit,Dpiazza,arena,one world,Promenade and now OTR…within the vicinity
    do all of you think there is real demand?what are the chances of demand for sub sale and rental for the majority who have bought for investment?

  73. Crystal Ball
    July 22nd, 2012 at 11:21 | #73

    OTR should priced lower than Arena lah…Arena have to forge out money to do social responsibility to build the 2-storeys bus interchange, OTR just sit there enjoy the facilities. How can? sure have to sell lower price lah, anyone can estimate the cost for bus interchange and convert to equivalent price per sqf?.. if not should support Arena lor…

  74. spongebob
    spongebob
    July 22nd, 2012 at 11:59 | #74

    Like it or not, I smell that they going to price it very high. So just forget about it.

  75. ZAKARIYYA
    July 23rd, 2012 at 12:39 | #75

    Nobody bought the OTR units since it is not launch yet.

    All the opinions here mostly are predictive view and predictive value depends on few factors. If people gave bad predictive view based on few factors that are really bad then the view is acceptable. But if people gave bad impression purposely to downgrade it because it is a rival to theirs then this attitude is not acceptable.

  76. own stay
    July 23rd, 2012 at 19:25 | #76

    @ZAKARIYYA
    So you are the sales man! How much the selling price?

  77. YK
    July 23rd, 2012 at 23:45 | #77

    Selling point for this project should be low density and freehold. Heard that roughly RM500 per sqft, is it true?

  78. nd4spd
    July 24th, 2012 at 03:09 | #78

    @YK
    Yeap, should be around that figure.

  79. Ben
    July 24th, 2012 at 07:01 | #79

    Any available unit?

  80. ZAKARIYYA
    July 24th, 2012 at 07:59 | #80

    Most of the commentators here show maturity and healthy discussion.

    Unfortunately, there are few people who use 2 or 3 pseudo names to discredit others. I really hope that they are not suffering from split personality disorders.

    @YK

    @nd4spd
    Thank you for the info

  81. Pen1
    July 24th, 2012 at 08:58 | #81

    OTR is worse than Arena, it is located right in front of the future BIG cross junction connecting to the 6 lanes Golden Triangle-Relau access road….so smoke & noise from massive traffic + bus interchange nearby..you can see the road work already in progress.

  82. wbk
    wbk
    July 24th, 2012 at 09:27 | #82

    Low dense normally high maintenance fees also… hehe… If fees real high will be a turn off liao lar… hehe..

  83. david tan
    August 9th, 2012 at 13:26 | #83

    i saw the signboard at the site already..

  84. wbk2
    August 15th, 2012 at 00:06 | #84

    wbk :
    Low dense normally high maintenance fees also… hehe… If fees real high will be a turn off liao lar… hehe..

    wbk, pls go back to fiera vista.. unless u have sometihng positive to say here

  85. JY
    August 22nd, 2012 at 22:03 | #85

    Anyone get the selling price from the developer? I tried to call in but no one pick up the phone.

  86. jackie
    September 1st, 2012 at 16:55 | #86

    has they started selling? why i see the land clearing at that area?

  87. anon
    September 5th, 2012 at 16:56 | #87

    any info on the launch? seems like very quiet.

  88. SWL
    September 5th, 2012 at 17:28 | #88

    Launching date will be around early of next year, selling price above 500 per sqft

  89. jackie
    September 11th, 2012 at 22:08 | #89

    but already in the progress of land clearing lo…

  90. Beilia
    Beilia
    October 11th, 2012 at 15:44 | #90

    anyone have any news on the launching date ?

  91. Jeff Neoh
    November 1st, 2012 at 09:55 | #91

    Latest Good News,
    Olive Tree already start to sell by marketing agent, Henry Butcher Penang.
    Unit available and price list already obtained.
    Booking registration is free with promotion for early bird with free gift ( air-con. kitchen hood, kitchen cabinet )
    For further any enquiry, please contact Jeff (Henry Butcher agent) at lcneoh@hotmail.com

  92. Mdm
    November 1st, 2012 at 10:14 | #92

    Olive Tree vs Garden Ville officially starts now!!!

  93. Jeff Neoh
    November 1st, 2012 at 10:37 | #93

    Latest Good News,
    Olive Tree Residences already start to sell .
    Unit available and price list already obtained.
    Booking registration is free with promotion for early bird with free gift ( air-con. kitchen hood, kitchen cabinet )
    For further any enquiry, please contact Jeff (agent) at lcneoh@hotmail.com

  94. YM
    November 1st, 2012 at 11:24 | #94

    Jeff Neoh, what is your phone number?

  95. Eric
    November 1st, 2012 at 11:35 | #95

    @Jeff Neoh
    is yr office at D-piazza there?

  96. Jeff Neoh
    November 2nd, 2012 at 23:46 | #96

    My h/phone is 012-5310390.
    Just fill up the booking form ( go thru agent ) and no fee taken.
    For further information, please email lcneoh@hotmail.com.

  97. Jeff Neoh
    November 7th, 2012 at 16:04 | #97

    Now 3 storey shoplot in front of Olive Tree Residences is open for leasing.

    For further information, please email lcneoh@hotmail.com.

  98. penangjen
    November 27th, 2012 at 14:13 | #98

    Softlaunch d.

  99. pengemis
    December 1st, 2012 at 10:49 | #99

    quite suka the location, but quite tak suka with no dibs given… and small units all taken up…

  100. penang
    December 24th, 2012 at 22:28 | #100

    Advertised on news paper

  101. Bibi
    January 16th, 2013 at 15:03 | #101

    Any double storey terrace new project around this area? Please provide some insight. TQ

  102. Jason
    January 19th, 2013 at 22:39 | #102

    what is the launching price for smallest unit?

  103. islander_Ori
    March 23rd, 2013 at 12:42 | #103

    saw advertisement in newspaper… still have unit available?

  104. JackPg
    September 23rd, 2013 at 21:58 | #104

    Passed by the site, the hotel n condo are coming up nicely. Wonder any buyer here wants to give their input.

  105. JY
    October 19th, 2013 at 22:22 | #105

    Look nice the show units. But time being among the most expensive at Bayan Baru area. RM600 per sqft.

  106. Gino
    November 24th, 2013 at 13:45 | #106

    where is the show unit located ?

  107. JY
    November 24th, 2013 at 14:13 | #107

    Harta Intan office located at Longan Road.

  108. Evon
    May 13th, 2014 at 00:04 | #108

    Hi I am Evon from UP Properties. For those who wish to know more about this project, you are welcome to contact me at 0124729897 for more info. TQ

  109. JJ
    January 23rd, 2015 at 13:13 | #109

    Still have any unit available?

  110. Torerow
    August 10th, 2015 at 10:26 | #110

    I got a 1.800qft unit on 7th floor (less parties on that floor than the other floors). Anybody interested to buy or rent?

  111. AK
    August 28th, 2015 at 14:32 | #111

    @Torerow How can I contact you?

  112. HP
    October 7th, 2015 at 15:39 | #112

    Any available unit?

  113. JackPG
    October 7th, 2015 at 17:09 | #113

    Heard it is not fully sold out yet, still have some units left. Developer already got the OC.
    Call the office and check..

  114. fasqam
    November 15th, 2016 at 00:07 | #114

    how is this property for small family on rental at the moment ? any pros and cons … please help maybe I can do 1 year rental lease if all is okay. I work in bayan lepas so it’s convenient.

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