Another millionaire project, only for multi-milionaire, I think the price on any type of property will from RM1m onwards.

we can forget it already.

May be like japan, bank can start come our loan package that we can loan and pay for 2 generation …. pay until death.

@P5

Not only pay until you death. It’s pay until your sons or your grand sons death dude.

i think Ivory is very optimistic for all the projects to be completed in 8 years…

Ivory is local company, it will use cheap technology to reclaim the land, so u will know wat is the quality u will pay for

Wah… so terror…. project have yet to start u already know what technology to use…
memang hebat…

CK :
Wah… so terror…. project have yet to start u already know what technology to use…
memang hebat…

Comon sence la, how deep financial this ivory have? U think it can fight with ijm or e&o deep pocket to invest on the latest reclaim technology? Ivory is just a local developer with not doing so well even local, look at penang time square a failure, another penang world city failure in making

I don’t think all the units will be >=1mil. Following Ivory’s usual way of doing things, they will squeeze the builtup, and fit as many as possible of units into the single block of concrete. This will please their existing supporters, and promote brisk sell while maximising profit (tg park, PTS, the peak etc). Smaller built-up will enable them to sell at lowe price. Furthermore this is a leasehold project, so far there isn’t any leasehold condo manage to sell >500psf during launch (highest maritime square, 450psf) , lets see what benchmark Ivory gonna set.

It’s just very simple, if you can afford it you buy it regardless the price is
300k or 2mil. Why worry ? They can even price it 10mil. who care ? If we
can’t afford, just buy somewhere else. Penang is still in M’sia. Not to say
Penang is in a different country under S’pore. It is still under a backward
country compare to others but trying to be on par with the modern world.

A country with the majority salaries that hardly enough to support one
ownself and yet Penangites think it’s great or “class” to stay here.

Is this a lease hold land? So how about the already completed D’Residence? lease hold too? or 99+99 years? A big ‘kidding’ if it is lease hold.

If under RM1m, then it must be studio with ~500sf, with 1 bedroom, it is still not a choice for own living family, but for investor only.

It’s freehold.

Buyer, you have a problem with your source of info, this is a leasehold. If freehold, then 240psf is dirt cheap, imagine Asia green got the qb land at > 400 psf

I am referring to “D’Residence”.

I don’t think Penang World City project under Ivory will be going very far. As their Penang Times Square projects was already half death half live. So I not putting high expectation on it.

All should refrain from discussing this project as this will help to advertise
and promote the project only.

@Buyer

I suggest you to go elsewhere other than Malaysia, we’re here to talk about projects but not talk about your own country, if you can AFFORD elsewhere, you wouldn’t be here anyway.

This project is amazing, another big project, far away bigger than times square project.

I personally doubt the capability of Ivory as a lot of people heard about their financial status.

But with Dijaya, let’s put a little of hope and this project to be completed by year 2020

@condomana
Are you working for the company ? The same thing apply to you as if
can “Afford” you won’t be runing around and busy talking nonsense.
( You have doubt about the capability of Ivory,most people know Ivory
is in financial trouble )

What amazing ? It’s just a picture. Just hope your job is still intact.

Working for company? I’m talking about our country, and yet I do not criticise about general living right here as much as you do. If you prefer property elsewhere or you love elsewhere , you’re of course free to go. Penangites feels so great staying in Penang, KL in KL, Kedah in Kedah, Kelantan in Kelantan, and YES, they feel like home as much as they do, they enjoy what we have, a beautiful beach, Great Food, friendly and lovely neighbourhood, up-to-par and satisfied community.

And stop complaining like a Singaporean, if you’re a Penangite, I feel ashamed for you

The above-posted post was posted by me.

@condomana
You are saying something else,don’t change the subject.This project
will be a total failure but you can hang the drawing in your bedroom
and fantasize it everyday.

I do hope Penang doesn’t have any “failure project” despite on which developer they are.

What I’m going against your statement is

“Penang is still in M’sia. Not to say
Penang is in a different country under S’pore. It is still under a backward
country compare to others but trying to be on par with the modern world.
A country with the majority salaries that hardly enough to support one
ownself and yet Penangites think it’s great or “class” to stay here.”

This project doesn’t bother me anyway, the price is not out, the unit and whatever, we have no info yet. So who cares?

This is from other site.You don’t get it,do you ? In short M’sia would
like to have everything a first world countries have including going into
outerspace. But the standard of living is very low.Is M’sia ready for this
status ? Has to borrow to keep in pace other countries and relies solely
on borrowed technology.

So do you think the majority of Penangites can really afford it ? Your
earning power will determine your purchasing ability.

What do you think Msia is not ready for this? Msia is growing as well as Penang in property development sector. Almost all projects stated SOLD within hours/days. How do you define such demand and purchasing power?

Sorry I have no time for this.Why asking the state Govt. to build more
LMC in island ? Why the needs to build such LMC when all should be
eyeing normal condos for that matter ?

Yes, Malaysia (I should say Kuala Lumpur, Penang and Johor) property project (I should say High End Property) are selling hot and sold within hours, but only for those richer and retirees with plenty of cash and don’t know where to park, and rich foreigner. Everyone of this folks hold few properties, or can be 10 or 20 properties, so, the demand is still there as this folks is growing, but how it can grow? Up to certain extend, the trend will eventually burst and property bubble will surface up and burst too, just time will tell and do you think M’sia can escape from this? It does happend in USA, UK, HK, Dubai, etc. but don’t tell me it can’t happen in M’sia, we’re clearly seeing this potential to have bubbles.

If you have no time for this, then you won’t be replying this anymore right? We do not expect your existing too. You’re just a plain unpatriotic person which cannot afford property from other country and yet making noises.

It’s normal, everywhere needs LMC, not just in Malaysia, but in Singapore they need gov flats (Singaporean need gov flats more than MALAYSIAN does). It’s common, it’s just a requirement, it’s just basic.

Wondering you knew about this too?

The 3 main state of Malaysia as per said is yet to become international city, but we’re building such giant projects and the supply is shooting like mushroom grow after rain. How the market can absorb this? I think only KL can still do well to absorb but how about Penang & Johor?

A real shame to those moderate income people demand for LMC and ‘affortable’ houses, they are the main and major market but not even given any focus by developer and government.

Penang Property will never bubble, not even close to bubble as there are too many rich folks in Penang which they have the holding power to hold their property. There’s no sign of bubble yet, it’s just your personal prediction.

I do not think Penang’s property will be impacted as much come what may. Historical data have proven it’s resilient in sheltering economy impact. Will the selling price go down soon, I am placing my bet it would not.

Why Kutuk the goverment for building LMC? I bet there are many grateful Penangites who will be happy to own one.

A minimum wage of Rm 1,500.00 ,take so long and still cannot be
implemented. Have to rely on foreign workers for cheap labours and
what does these indicates ? Very high standard and just to help out our
neighbours and Banglas ?

minimum wage 1,500.00 you have to refer to the federal government

Minimum wage of RM1500 will scare all the investors from set up factory over here, and move to Vietnam and other places like south americas, or, they will prefer banglas, nepal, indonesian and vietnamist.

Let’s see how many giant project like City World and Sri Tanjung Pinang 2 to be built, and see how many vacant units there. I think M’sia rich man are having common hobby, Super Condo and luxury villas or Semi-D ‘property collector’, even leave if vacant, it is still ok. While moderate income like to collect share, buy all the cheap-cheap share that never increase in price and keep it like ‘collecting stamp’. Very interesting hobby ar.

In Penang, what to do? They don’t lose anything “collecting” super condos, bungalow, villas and so. They’ll just leave it, buy it or leave it. They do not rely on those to make a living.

That’s why Penang Boleh

Haha, this is a good one, Penang Boleh, so true. Penang lang buy property for collection, rich or business or high managerial like CEO or MD people don’t want to say, they own a lot untill don’t know how to count, but each Penangites own more than one property after work for more than 5 years in general, i mean typical factory engineer, teacher, profesional or even a hawker or taxi drivers can own few LMC to rent out ~RM400 to RM500 per month. So, Penang Boleh, if Penang tak boleh, i think no one can be Boleh.

So to say without the banglas, nepal, indonesian and vietnamist we can’t
survive. Factories move away etc.When someone pointed out (borrowed
technology ) ,now do all understood ? A country that is not self sufficient
in almost everything and you are saying the malaysians are well to do.

Wtf u all quarrel for, ivory whether got financial to build this projext still a big question marks la

How sad it is for the island of penang being ruined with mega concrete towers built by unscruulous developers ( paid their way into corrupt pockets to gain planning permission to blast away our hills)!
This is in the main to feed the greedy apetites of foreigners who are the only ones who can afford the 1mill+ properties. Please dont think that this kind of over reliance upon property to make a dirty fast quick buck is immune from whats coming quickly from the west-A total collapse of property markets as they have been known-After all westerners are not now in the position to retire as they used to with a fat pension to looksy looksy at penang condos to retire to, so count them out of the market for the next 10 yrs as thats how long it will be before they have anything like the buying power they had 3 yrs ago.
Also historical “downturns” are not relevant if you trying to predict if/how penang could ride out the forthcoming one as the recession/depression in the west aint been seen in most of our lifetimes before. Americans and europeans are simply outa pocked for the next decade and sooner or later the domino impact is gonna hit asia-afterall no point asia manufacturing goods that europe and u.s. traditionally bought cos now they aint got no money-no job either and no house neither.

Ivory = I Worry

But with the partnership with Dijaya Corp, the odds are not the same….. With the track record of Tropicana projects, I’m being positive toward this upcoming Bayan Mutiara project. I will be betting on it when they launch.

@Elly
Finally, someone talks about something other than money. Penang is a heritage city now, shouldn’t they be putting all these funds into improving it as such? Foreigners come to our little city because they love it’s rustic charm, the kampongs, the people, the simple laidback life. Penang is not KL or Singapore, and it should not be turned into one. We need our hills, our waters, and for goodness’ sake, it’s not like our roads can support such high density living.

E&O reclamation sink more than 2 inches, causing our autogates unable to function.

Does the market price sink as well?

Anymore news on Penang World City?

Ivory starts negotiations on payment terms

Ivory Properties Group Bhd only started to engage in negotiations with the Penang state government on the payment terms for the Bayan Mutiara project after the company secured the open competitive tender on July 25, 2011, its chairman and group chief executive officer Datuk Low Eng Hock Low said.

In clarifying the word “negotiations” which appeared in a circular pertaining to the company’s EGM held in Penang yesterday, Low said:

“The reference to the word negotiations’ was only conducted with the state government after the highest tender price was accepted.

“This includes incorporating due dates for the various submissions, traffic impact assessment and term of payment which had been reduced from eight years previously to five years,” he explained in a company statement after the company AGM and EGM in Penang.

At the EGM, Ivory’s shareholders approved its plan to purchase and develop the 41.02ha site in Bayan Mutiara from the Penang Development Corp and Chief Minister of Penang (Incorporation).

They also gave their nod for the 45:55 joint venture with Dijaya Corp Bhd to develop the land into a mixed-use residential and commercial project to be called Penang World City.

The joint venture company, Tropicana Ivory Sdn Bhd, will undertake the development of Penang World City which will have an estimated GDV of RM10bil.

Low said Tropicana Ivory will be launching the first phase of Penang World City in the third quarter of this year. According to him, the project will be developed over six phases.

“About 80% of the development will be residential units which will comprise mainly condominiums of various sizes and the tentative price range will be between RM550 and RM700 per sq ft.

“With regard plans for the commercial precinct, we are talking to a few parties and are considering among other things an entertainment centre with facilities for water leisure activities,” he told StarBiz.

Low said under the terms spelt out in the tender document, the two compulsory items for the project were a Grade A office building and a hospital.

In Penang, Ivory executive director Murly Manokharan said the company had submitted the master plan for the entire project to the Penang Development Corp and the plan was pending approval.

He said about RM22mil or 2% had been paid as ernest deposit for the land which had a total price tag of RM1.07bil. The balance amount of RM80mil, which would be paid on or before April 10, would be generated via internal funds and bank borrowings.

The Bayan Mutiara project covers 102.56 acres, of which 67.56 acres comprise existing land while the balance 35 acres would need to be reclaimed over the next three years.

Murly said the first phase to be build on 10 acres would comprised high-rise condominiums that would have an expected GDV of around RM600mil to RM700mil.

“Under our agreement with our joint venture partner, Dijaya, Ivory has been appointed as the turnkey builder for Penang World City and thus we will be entitled to 48% on the project’s gross revenue with the amount due to the company estimated at RM5bil,” Murly noted.

Meanwhile, on Ivory’s plans for 2012, Low said the company was targeting to launch projects worth a GDV of RM1.4bil this year.

They are The Latitude in Mount Erskine, Penang Times Square phase three and phase four, City Mall and City Residence in Tanjung Tokong.

The company is targeting to rake in sales of some RM800mil this year.

“Last year, we only booked RM121.8mil of sales for completed and on-going projects besides having unbilled sales of RM227mil to be realised over these two years.

“We are expecting a higher sales this year since we have more projects to offer this time and not forgetting the much anticipated Penang World City development in Bayan Mutiara,” he added. – By Angie Ng and David Tan (The Star)

@Central unit

Well, The project will not solely finance by Ivory. Based on recent news, Berjaya Company will finance the project as well..

@bubulaw
hey guys..not interested in vertiq?

@Vertiq_Fever
IJM developer in penang good or not??

Economic Crisis :Yes, Malaysia (I should say Kuala Lumpur, Penang and Johor) property project (I should say High End Property) are selling hot and sold within hours, but only for those richer and retirees with plenty of cash and don’t know where to park, and rich foreigner. Everyone of this folks hold few properties, or can be 10 or 20 properties, so, the demand is still there as this folks is growing, but how it can grow? Up to certain extend, the trend will eventually burst and property bubble will surface up and burst too, just time will tell and do you think M’sia can escape from this? It does happend in USA, UK, HK, Dubai, etc. but don’t tell me it can’t happen in M’sia, we’re clearly seeing this potential to have bubbles.

mmmmm…. J.B. not really……. only properties for middle working class people are being sold at a good rate in JB… but in Penang & Klang Valley even high ends are being sold like hot cake……

With Dijaya’s tropicana portfolio and back by Berjaya financially, confident level is quite positive. Island Resort the JV project between Dijaya and Ivory also demonstrates a great appreciation potential.

I had registered my name with Ivory, but the employees there are clueless against the developement plans here, no new news at all.

Hi all, want to ask your opinion, if this Tropicana Ivory price it at RM600-700/sf for their 1st phase, what would you thing for its response?
Other good project like The View RM500/sf, Putra Marine RM540/sf only.
My Opinion is to buy this nice project now and later it may rise again.
Pls help to give some input.

how much cement required for this project? sufficient foreign workers taking into consideration Indonesia is starting to boom and if salary back hme is reasonable, U think they are going to stay here and build nice hme for us? no skill labour, project will be delayed and delay means higher running cost. just these few reasons will tell U wether property prices be coming down or going up!

@bhloy
Yes, you are saying house price will hike again, and good to buy The View and Gold Coast now.

This project, once start launching next year, will at least RM700psf onwards. There will be so called affortable home, below RM300k, and the size on each unit will be around 400sf with one room or two room….i guess, we are moving towards the trend like in Hong Kong or Shanghai/Beijing, small unit like 250sf till 400sf cost more than millions. However, we Malaysia still far to reach such trend, our 400sf still cost below RM300k and affortable.

Do you think the will make project like The View / Gold Coast / Putra Marine, Place price hike with launch of this Penang World City?

10+ years of constuction noise, dusk and traffic mess. Won’t help the subsales or residents health of Gold Coast and Putra Marine and Putra Place and Summerton during this period.

@In laws
Agree, the price for Villa Emas is suck now, although don’t see drop in price, but already stagnant. Still remember an owner of Villa Emas very ‘lan Si’ wanna sell RM410k for my friends, very lousy reno without furnish, when negotiate, he still want to ask his ‘wife’; “if my wife siok with your price, then sell to you, if not siok, then sorry, we just keep it”. My friend offer RM380k, don’t want let go But now, Villa Emas can sell over RM400k? After blocking by Smmerton, or worst still:- ‘Crack’ by Summerton, then…..That area will be very duskty with so many projects under construction, including the land beside QB.

I have a different thought, if Dijaya/Ivory manages to build a mixed developements like E&O Sri Pinang, bring in Carrefour or Tesco, high class shopping malls, recreation parks, international schools, medical center, F&B outlets & entertainment outlets successfully, I will think all the existing properties like VE, PP, PM, GC & Summerton will be benefited.

No doubt we are experiencing slow down in property price increase, as this was due to the new government efforts to cool down the overheated property price. I see this as good efforts n trend to let the current supplies to have more time to be consumed n digested by the new demands.

In short, I have a very positive outlook for the properties located in these whole stretch of QBM/PWC. I see the potential, but it’s depending on the execution of this newly joint ventured company too.

Please invest now, or else u wil miss the boat. I am serious

it will crash lar.. just wait

@thor
It will not crash, we are still under ‘develop country’, not like USA, UK, and those developed countries in Europe that qualify to ‘crash’ in economically…we are consider still cheap in everything, cheap labor, cheap houses, cheap water, cheap petrol (even when compare to our neighbour Singapore, and not so far like China, Japan & Korea) Conclusion, we are still attractive for some foreign investment like manufacturing, directly from US, Japan, Taiwan or China, when consider in natural disaster that hit Bangkok (flood) and Japan (earthquake), M’sia is safer and “still cheaper”.

@thor
Ya, we may crash and just wait till year 2050 when our house price is RM2mil for 2 rooms flat with 500sf.

Guest2 :
E&O reclamation sink more than 2 inches, causing our autogates unable to function.

where is ur property? i go check

hello
any news on when will be launced what will be launched and what is the price per sq feet? am interested, have registered with the developer, even postponing my CNY 2013 flight ticket in the view that ivory always launch new projects during CNY? correct me if i’m wrong…

Paranormal :
This project, once start launching next year, will at least RM700psf onwards. There will be so called affortable home, below RM300k, and the size on each unit will be around 400sf with one room or two room….i guess, we are moving towards the trend like in Hong Kong or Shanghai/Beijing, small unit like 250sf till 400sf cost more than millions. However, we Malaysia still far to reach such trend, our 400sf still cost below RM300k and affortable.

agree with you… one or two room in small size

Ivory = I Worry !

Dijaya is big player now then Ivory.

When will this open for sales?

Haha.. I definitely will sign up 1 unit for this project.. I don’t care how bad is the developer, the financial status and etc.. For me.. Location, Location, Location… Anyway, Ivory is not that bad.. No risk no return.. property bubble, I hope it come too.. but it never since year 2008.. im waiting for it.. xD

All this talk and there are ppl who would still want to go to mainland to buy houses that are already so very expensive….. ha ha ha …..

Hi dude, any news on this project. When she will soft launch?

FYI, taking about Ivory ‘s financial strength,Ivory has defaulted on tiger bank loan before, have to restructure loans several times because this developer ‘ too big ‘ to fail with too many projects on hand.

FYI, talking about Ivory ‘s financial strength,Ivory has defaulted on tiger bank loan before, have to restructure loans several times because this developer ‘ too big ‘ to fail with too many projects on hand.

I also worry – Ivory

any news for this project? heard going to launch soon…..

I had registered with them a year ago, still no communication about the launch. Anyone has the news?

@Goreng

Penang Times Square is having a hard time. You still have confidence in
them ? They are not in strong financial position.

They are in progress to build a gallery office at the site now, look like the soft launch will be soon…

I heard the launching will be in CNY…..

hopefully don’t block my E-park view

So d residence is inside the penang world city right? I don’t plan to invest in penang world city, as I think the risk for me is higher. But I’m thinking to invest on Putraplace. Penang world city will be considered high end, and I’m guessing a lot of workers/people will want to rent in Putraplace once the project is complete. Of course this is all assuming world city will be doing great, high occupancy and all.

Why is Penang Time Square having hard time? I never been there so cannot comment much. Just pass thru. But are they doing bad because Ivory was the developer or there is no x factor location wise? I notice when I drive thru Jln Dato Keramat, I don’t feel like stopping at Time Square, so might be the x factor.

I’m familiar with the area around Putraplace, and Putramarine. I think it is a great location as close to many ammenities. Even Putraplace qutie pricey now at >400psf (leasehold), the upside potential is high, once Penang Time Square is complete. I think for people with higher risk profile, go grab world city, and with lower risk profile like me, consider putraplace or villa emas, and hope the rental yield will go up in few years.

sorry typo in 3rd paragraph above.

“..the upside potential is high, once world city is complete.”

Truth :
@Goreng
Penang Times Square is having a hard time. You still have confidence in
them ? They are not in strong financial position.

First time i heard a Sport Toto owner owned company have financial problem. Is it that he just made RM1bil from facebook shares? 10years ago i also heard time square KL doing bad due to many customers do not want to invest their biz there but what happen today. Ask yourself

@WTH

Now you heard it. I can presumably say that you do not have any contact
with contractor or company within this line. Just pointing out what I had
heard.

@Truth
Well. Every property investment is a gamble. Don’t forget Dijaya is having 51%-49% share over Ivory. Dijaya is the Berjaya’s brother company. I don’t see how they will fail this project.

@Goreng
It’s the creditability and trustworthiness to be more precise.

“Each depending on each other so as to say”.

Truth :
@WTH
Now you heard it. I can presumably say that you do not have any contact
with contractor or company within this line. Just pointing out what I had
heard.

10years ago you only saw all cheap cheap shops selling china made products in time square kl. I only trust what i saw not heard. Actually, i want to Indirect to tell you that do not trust what you had heard. Proof with the balance sheet here if they really have finances problem.

@WTH

I am not here to prove. Who will be in trouble if have and shown it here ?
Just add a little bit more, the former Project Manager happen to know me.

Yup Ivory has its fair share of problems as I heard from their actg side, their current PG Times Square is a total failure their original idea was to attract all those branded boutique, however they failed miserably cause they the layout of the shops were not suited problem with size and ceiling layout, so without any pull factor the Times Square project drain them significantly.

Btw KL Times Square is by Berjaya Group n has no connection with PG Times Square.

@WTH

@Truth
If the PM know, he is already the shareholder of the company. May be he just know part of it but not an overview. But talk about Ivory, it could be due to too many leveraging projects on hand and on going. If partner with Dijaya Corp, they will inject more fund and grab more shares from Ivory to finish the project as long as the sales are good.

@HC Ong
Who is the owner of Penang Times Square, just interested to know. Thank first.

Goreng :@Truth Well. Every property investment is a gamble. Don’t forget Dijaya is having 51%-49% share over Ivory. Dijaya is the Berjaya’s brother company. I don’t see how they will fail this project.

Dijaya is the Berjaya’s brother company????

Based on the previous experience, more than 90% will be “booked with stickers” even before the soft launch for Ivory projects. If they don’t do that, people will have perception that the World City is a not that hot and will stay side way.

Today passed by the construction side, saw many contractors rushing for the show house. I think it is behind schedule…

Now you can see the real picture, they are rushing for the completion of the
show house.

Anyone knows the launching date?what is the cheapest unit to be sold?any info to share?

460sqf rm288

rm288k

my current LMC 700 sqf I already consider dam small already. 460sqft? huhuh…no matter how luxurious also I wont stay in this kind of house.

@islander
If you are serious about investing, please do more reading.

http://www.btimes.com.my/Current_News/BTIMES/articles/monvy/Article/index_html

RM750 per sf. Cheaper is RM350K for studio

Sorry,confused..u mean..460 sqf, 750 psf=350k? rm288k is?

I thought studio is not popular in Penang? Quite daring this Ivory. Price so high some more.

any updates?cheapest is 288k or 350k for 460 sqft?460sqft is seriously small!

Today news in The Star, price is started from RM550 psf, if size 460sd, cheapest will be RM253K …. expected to have a long 3 days and 3 night queue

RM550 psft? is it freehold? if yes, this is cheap with current market price.

460sq ft is similar to Singapore Shoe Box! Do we really have to live in such condition now? Already pressure cooker at work n come back to dwell in such a small box, such go insane very soon…..

launch already?

Just passed by the sales office location beside Pulau Jerejak Jetty yesterday.
The building is almost completed and touch up work is on going.
Saw they hang the red cloth at the building entrance, seems like going to open very soon…..

I think they really try to catch the CNY crowd from outstation. With or without real buyers, the sales chart will be filled up and left units on the lowest and highest floors. Typical Ivory. Their Latitude advertisement keep mentioning 70% sold but when they showed you the sale chart, only less than 10 units left.

Until now, anyone know this project is free or leasehold title?

free hold

the pre sales start tomorrow 11am . by invitation only

Just in time for the CNY balik kampung crowd. Since there will be 10 blocks of condo to choose from, must be headache to choose the best unit. Showroom ready for viewing?

200 over units sold/pre-booked before even soft launch : )

Where can book bro? I register also no news

registered but did not receive any invitation. hmm…

@neo

You have to wait for the soft launch bro. They are taking orders for their VVIP people first.

there are some hardcore speculators /developers sales staff here trying to create false demand & excitement wt unjustified ridiculous over-inflated prices … these are real parasites, blood sucking leeches … ..penang people are not that stupid

Yepp, but it does shows potential in
that area. Dam, all launches very expensive now.
It’s like up up up

I m not the existing customer, can I book by tomorrow?

Just called them, whoever that register before with them will received mail invitation within this few days. Preview or launching during CNY and this is the favourite period for Ivory

Should drop by Penang Timesquare to collect info from Ivory later, maybe can reserve a unit or two there.

Yes! this project is the Ang Pao for year 2013..probably can cash out before 2014 CNY..Gong Xi Fatt Chai to all!

Is this q-system?

Not really only for VVIP. As long as you have the money, they will serve you. The q is not that long.

VVIP also no used ! the reject all ! seem that they are not ready to sell the house yet .

@d’residence

I did not encounter the same problem as yours.

long Q today ! selling fast

what are they launching and what are the prices? mind share?

how many types available?

Many types. Start from 455sqft, selling at 650psf. Larger unit probably cheaper psf.

as usual, cheap unit always gone…. will remain expensive one.

any promotion? Just pay deposit first right?

Block A Sold out already……this morning have to fight to get units. So pathetic. So many people turned up.

how many blocks are there in total?

i think a few blocks. A-E

A and B should be sold out by tomorrow.

So they will open C and D soon.

Crazy day.

who got the block a and b ?

anyone manage to book zero money down?

Heard got size 1300 above units only….went there n
it’s crazy. They said never underestimate ppl
wealth by looking at what they wear
It’s comes with dibs, launched together in kl

Anyone can share out more details? Design wise?

I went there n they show the layout only.
U can’t get more info until ur no has been called
and by that time, u dun have much time to ask
I took the layout pics but dunno how to post it

Since there are so many blocks, what’s the rush. Later block, better view/location.

so which block is the one facing the swimming pool or park?

I think all blocks. Later block gets seaview too.

what is going to built on the empty land next to Block A & B??

@What’s the rush

The 2 blocks open to booking are the innermost of all, I don’t think you
have any sea-view at all. 3k for every additional floor to the highest at
22 flr. You have sea-view blocks not open for booking yet. At least 1300
sq. ft. @ 700/= p/sq.ft.

How many units per floor? Ivory called and told me that block c & d
are launching tomorrow. I understand that there will be about 20 blocks
in the whole development, not sure if its true

how many type of size? how come some ppl say 450sqft, some ppl say minimum 1300sqft?

Block a and b comprises of units of what sqft?how abt block c and d?anyone has photos of layout to share?is there a balcony?

beware this project is built on reclaimed land … sinking land , severe cracks can be seen on the buidings in those areas ..

what time the office open tomorrow? thanks

@ks_rev

Only 1300 sq.ft. will have the sea view,@700/sf.ft. Not open for booking right
now. Some bought 450 sq.ft. for 350k with 1 car park.

Anyone know what is going to be built on the empty land next to Block A & B? Hospital? Mosque?

Neo :
Heard got size 1300 above units only….went there n
it’s crazy. They said never underestimate ppl
wealth by looking at what they wear
It’s comes with dibs, launched together in kl

Penang people not really concerned about external looks…… they look simple…but bank account..phuh…super dee duper….

Preview at Bayan Muatiara next week.

Penang WorldCity Phase 1A Freehold Condo.Sneak preview on 5-6 Feb@Penang World City Sales Gallery,Bayan Mutiara,11am-6pm.Call 04 659 6888/TROPICANA IVORY

is 700/sq ft the cheapest for the units with 1300 and above?

@Neo
Neo could you email to me at petreksw@yahoo.com
Thanks bro

Block C & D open for booking today , the q no. reaching 200++ today , good units all sold out . just back from the place.

where the dales gallery? birch house times square, or new sales gallery at bayan mutiara site there?

@steven
What is the price? MYR700/sqt?
1300sqf?

455sqf start from RM650 psf, 5 blocks? wow, this is even smaller size and higher density than N-Park! I think good idea to keep few units of N-Park 700sqf now selling RM400psf, if later PWC goreng to RM800psf-RM1000psf then N-Park will be at least RM600psf…

there will be more then 3k unit on that area …. and for block a and b most of the houses are taken by KL people in quantity purchase ..

d’residence :
there will be more then 3k unit on that area …. and for block a and b most of the houses are taken by KL people in quantity purchase ..

How do you know? Aren’t you the one who said all booking rejected yesterday.

hi guys i was there just now, they are not releasing any units from C & D.

leftover from A & B selling for > 650 pst

Teoh :

d’residence :
there will be more then 3k unit on that area …. and for block a and b most of the houses are taken by KL people in quantity purchase ..

How do you know? Aren’t you the one who said all booking rejected yesterday.

becoz dijaya in KL is the 1 running the show.. sorry for those in Penang queuing for nothing . if you really want the house go down to KL .

dijaya in KL said they going to release C D at 2pm .. seem that they not keeping their word .

Anyone know the entry perks for this? do they give any sort of rebates? any furniture and fitting thrown in?

D’residence you based in KL? where is Dijaya doing the launch in KL?

@d’residence
D’residence you based in KL? where is Dijaya doing the launch in KL?

today only sell 1300 sqft above, long queue…. the sales person at outside dont tell any details, so i jz walk off since i m poor can afford their pricey larger unit..hahahahaha!

In KL, there were also not many units available this morning, smallest units are above rm750psf net..they was only a small crowd 20-30pax here

How’s the sales this morning ? Who say
penangite cannot get the house. It’s in birch house.

I managed to get a studio unit this morning.

I tell you the crowd when crazy.

A few buyers lost their patience and started yelling.

Scenario:
Buyer: Do you think you are running a circus and we are your animals

Ivory staff: I apologize for the long wait but we are doing our best to attend to you as soon as possible

Buyer: I have waited since this morning and you guys are treating us like animal

Ivory: No sir. You are not an animal. I am the animal. I am sorry, can you please take a sit and wait.

Buyer: How can you do this to all of us

Ivory: What’s your number?

Buyer: 24

Ivory: Please take a seat sir soon it will be your turn

Buyer: That is what you have been saying for the past 5 hours.

Ivory: It is number 23 now and your turn is next. Do you still want to wait?

Buyer: I am going to wait and go in and see what you guys are doing inside, treating us like animals outside.

Ivory: The reason why i am placed here is for you all to scold me. I sure kena tembak. So you all please understand.

etc

Super Drama.

Block A and B all sold out.

Block C and D 1000sft and below all sold out.

Now left the bigger size units only.

@drama,
I wonder whether pricing is same in Penang…for studio, is it above 750psf net? Tqvm

think carefully this price… can buy many other good proeprty in penang. the way they arrange the unit favors the bigger units only, and the smaller units feel like anak tiri

@Drama

Can hardly believe, only could serve 23 persons for the period of 5 hours
and could claim A,B,C and D Block all sold out !!!. Moreover not everyone
of the 23 will placed their bookings.

@Believer
i heard some of them buy more than one unit. then heard got some got in thru back door (insider). then of course, the developer will reserve the better units and try to sell the less good units first… but of course in the end, the rich rules

@p

Supposing each of the 23 persons bought 2 units each, the figures do not
reflect the actual sales. Just trying to project a good sales which is not.

chaos there….waste my time and parking $$……every sales person say different thing……the 2 sales fella at outside counter mention today is open sale for 1300sqft and above only…… then now I saw some ppl manage to buy those units <1000sqft….

really kelam kabut…..issh!

interesting to know what is the actual selling price per sqft….but again….sure many many many version of pricing coming out…

@ks_rev

What to expect when they are desperate for sale ? Just spin and lie.

1st word. Darn.

1) Price increases > 10% or near overnight. Many &)(#@)(#&) noises from the ground here. I think they have hit near the peak.
2) Thought can get better units, turn out no better than yesterday and most are larger units.
3) A & B still have larger units still unsold. C & D even more.

dont like their tactic… clearly they are trying to force the people to buy larger units, can i guess when they sell the smaller units later, they will sell at higher per sqft to generate more profit… very sad…

Hi ks_rev, yes I had the same problems
and fed up. Just left and not knowing what’s
the actual price. It’s havoc n the salesgirls just
don’t entertain u. I can’t even have brochures.
I don’t even know what I m buying until
ur no has been called up ….don’t like how it’s done.
I m going to dijaya to have a look:)

I just book a studio unit at 770psf (360k for 455sqft).. So expensive…Should I keep it or cancel the booking? Any advice for me? Any idea how much the appreciation will be after 4 year??
Yes, y it will take 4 yr to complete as the stamping only happen end of this year.

Let me clarify for everyone.

Since i was one of the 23 people that went in.

After they make the announcement that all the smaller units were sold out, i guess majority of them still wanted to wait and go in since they waited so long already.

When i went in, there were still:
2 studio units 455sft
3 units 612 sft
5 units of 1000sft

The rest are big units.

There were about 4 groups in there still deciding on the units to buy.

I managed to speak to 3 people in there and they asked me whether it is worth buying or not.

I told them i am not sure but judging from the response it seems to be selling like hot cakes.

2 of them bought and 1 of them decided not to buy.

So it is true not all the 23 people that went in bought a unit.

But there were a few of them that bought up to 5 units.

We were given a list of 10 units available and by the time we choose our unit and paid for it the other 9 was already taken.

That explains why all the small units are already taken and they were selling the bigger units.

I heard all the small units from block C and D are already taken as well.

lowest floor studio unit for block A was already going for RM731/sft. Highest floor studio unit going for RM879/sft. All sold out as well.

This makes Quayside worth buying

So this is going to be the next gurney and sri tanjung pinang?… ppl will prefer this place…. so near to the two bridges…. hurray…. south east penang is booming….. great!!

Hey, no political talk here pls….

@Drama

A cunning and irresponsible way of conducting business to achieve their
objectives. Do you think you can trust them in whatever they said if they
are conducting it like “Monkey Business” ?

@jj,
Your price 770psf is after the 8% discount?
Btw, The last studio in Kl was highest floor at 422k list, less 8%=388k

Hi bros here, just wonder any special orearly bird discount given for booking on 1st and 2nd Feb. I heard all units came with 10% discount, not sure if this is true for VVIP.

I heard one of the customer said all units ( 1000 and below sqft ) in Block C and D were taken up soley by a group of investor. If I were the investor, why not doing it during lauching of Block A and B? Is this a kindf tactic used to sell out the bigger units ?

I was one of the 23 and decided not to buy. Ivory, dirty trick you have played and is really pissed me off!!

I am going to lodge a complaint to MOH. Ivory is accepting bookings without license.

booking is paid to solicitor as stackholder. Therefore officially no leaflet or any marketing information cna be given. But since Djaya wish to capture the sale prior the CNY, that’s could be the reason for sneak preview. So now we know snake or sneak, hehe.

Hi KL, my unit is after 8% discount for 770psf.

i booked one unit. After discount is RM650psf. Unit size E type 1320sf with 2 car park.

i been queueing since early morning 9am until 6pm only get my number to call in. All small unit 600, 850 and 1000sf have big potential big client to buy all for block C and D. A&B fully sold out. 1300sf almost finish during my turn… but luckily still manage to get one.