Tropicana 128 macalister already sell up to RM1000psf..Why not PTS condo also? I think base on market trend..PTS condo next year january will get at least RM720psf minimum..Meaning..Phase 1 1050sqf price minimum RM740k above and follow by phase 2 minimum price for 950sqf is RM700k above also.

Please note that there is a “condomana” imposter here….:)..You have to use your own judgement to decide which is the real McCoy…:)…And by the way, my word to the imposter, thanks for the compliments….;)

@condomana
What do you think? Is that truth? I hear many still hold the unit from let go especially for phase 1…Until next year january only let go with better price..seen PTS condo price increase very soon around 730k??

Due to McDonarld Coming??

@u

McD burger high in transfat.

@JJ,

I have no idea about this McD thing although I wont be surprised. Just look at Gurney/TTokong, you have 3 McDs within a short perimeter of 3 km. All doing good business. I am sure there is market for another McD in PTS. If they can make it a drive-thru even better…:) Although personally I would keep my children away from it as they serve mostly junk….:)

@condomana
At least PTS have some value or else like nothing.. Anyhow i still looking good for the PTS condo..

@JJ,

The bigger issues coming for PTS condos will be the uncertainty facing PTS mall. If the mall fails, all the condos will go down with it.

@condomana
I understand what you are trying to say. Any how PTS will be still a good place to stay due to good location. Even PTS shopping mall fail also…the value will be still that. Maybe just not that much..Anyhow in georgetown area…still have very much potential..As long as phase 3,4 and 5 is success..then that is still a way for PTS to pick up quite fast..

Simple to say..if shopping mall fail..very less shop..meaning PTS condo value will still follow the market price..

If success then the price sure will wipe up and up..which is good for invester and speculators. For those who buy for own stay..should not have any issue.. Because those stay at PTS condo is prefer their location is convenient actually to them..

Probably we can see the result in 3 to 4 years time to come…Keep monitoring..

@JJ
I agree that PTS is only half way and plenty to grow in next 3 to 4 years time. But major issue for PTS is the shopping mall at phase1 and 2..who is going to fill up all the empty slot?
PTS condo actually doing very well in market actually. But shopping center is the long long project issue to solve. No shop lots open at downstair let PTS catergorize as “Fail” to all the invester actually.

In short to say..PTS condo is not very good to invest to make fast money for investment..All the project by ivory is slow pace project..Those who can hold for longer time for PTS unit probably will see their higher return after PTS project all phase was completed. But those who just want to make quick money for “The Wave”..Forget it..it is not a good choice to invest..

For those who want to stay at PTS birch plaza..birch regency..The Wave..Please grab the unit as fast as possible in this 2 to 3 month..Ivory going to revise the phase 3 price with 1 M and above for balance unit on hand…And phase 1 subsale birch plaza and birch regency going to up to RM750k minimum in subsale market starting december.. Don’t miss out the opportunity..

@lee
how u know ?wat point?

@kabutol
Currently quite many birch plaza and birch regency owner hold their unit and wait till end of this year dec or next year jan only sell due to possible can get a much better price..I get it from real estate agent and also from ivory developer office..They say will revise the price of phase 3 which ever balance unit on hand very soon..Internal news

no any issue also can up the price for old property??

Jusco, jusco, and jusco, these are the 3 magic buzz words. If phase III not aboe to pull in jusco, it will just be average joe, no turn around from current situation. If success, things will be different

@kabutol
Yes..At first i also wonder and shock when hear about this..This is due to “The Wave” phase 3 going revise the price and to start kick off the contruction build already by this december. 1 of my agent friend say that most of the owner..they are waiting december or next year january to release and revise their unit with better price..3 bedroom will go for 750k minimum for partially furnish..and 720k minimum for 2 bedroom..

@lee
Yes. Since new project “The Wave” is just beside of phase 1 and 2..So the price of phase 1 and 2 will have slightly increase due to all this condo is located very near to each other.

@lee
The price of condo at phase 1 and 2 will have slightly increase due to phase 3 the wave already start the job. No surprice to the old building around will increase due to all is located quite near to each other..Birch plaza&birch regency will have increase around 10% by end of december or earlier of 2014..

I just bought a unit at phase 1 last 2 month…with the price RM660k partially furnished condition.

@KK Tan
Good price..still below 700psf..After phase 3 start to build on Nov or dec…Then no more 6XXk already..All is above 720k..

@welson
If the price is below 700k now still good to buy for future investment..If next year onwards..it is too much over 700k..

@lee
I think all the property in times square which covered phase 1 and 2 will have escalating of price after budget 2014 announce..around 5 to 10%…Thats why we can see every1 is holding back their unit to wait for the better sale by this november onward especially phase lll was going to start the job…

Property in Times Square is already dead !!!!.

Property in Times Square is already dead !!!!.

They still hope by leasing their sales office to McD by end of this year can revive the whole place. This place does not have enough residential to sustain F&B business.

@tlt
Time square is too much of resident..Have you went up before? Phase 2 was more localize..phase 1 is more leasing out to foreigner..but still quite many local ppl staying that..

@ST
Property of times square is dead for investor and speculator…but good for own stay actually. Condo in town will never dead..Only the investor which ever can not earn the money or gain some quick money will feel is dead. If for those who want for own stay will feel good on that. To be honest..Ivory project is not good for investment..

@tlt
McD is not hope to coming but is confirm willl coming in as the deal already make..lol

Currently all the speculator or investor already run away from PTS to PWC..Even the shoplot was a failure to them also..

As for buyer..is only for own stay..Quite many of them buy for own stay instead of invest right now..No point to invest in PTS anymore..If you looking for own stay yea…cheersss..if you looking for speculate..please…stay away…

@OMG
Agree to u..No more investor will interest to this PTS anymore..But for own stay it is a really good choice…since it is a town condo…Where to get this kind of town condo..at this location..which is so convenient throughout anywhere..

@wenny

I used to go there quite often for the Taiwanese food. Saw less than 20% occupancy. Now that they have moved too, no reason to go there anymore. Btw, the Taiwanese restaurant just moved out recently.

Fantastic location of PTS but with poor management from Ivory i would like to say..If phase 3,4 and 5 they fail then..confirm PTS fail..If success then that is a hope for PTS already. Possible to trun around if success..

@tlt
Occupancy of condo actually is quite good for PTS condo..But for shoplot is really terrible..

Condo occupancy actually they pick up quite well honestly to say..I was phase 1 and 2 owner..

@CY

ic. count on McD to revive the whole project?

@tlt
Off course not…But it will be a good starting point at least a small hope for Ivory to survive PTS project since phase 3,4 and 5 going to start soon..Hope they can do some changes or else..will be same..”Dead”..

@Jun

Condo occupancy picking up? Didn’t notice. Maybe too slow.

@CY

Still have hope is good. Can learn from BJ complex.

@Jun
If you are just stand and stare from outside of condo..then sure you might not feel that..Go inside the condo then you will definitely have a good look on that..Especially phase 2..quite many local resident right now..

@Chan

A property for investor or own stay is still the same. For own stay you
still pay for the market price. Are you paying cheaper because for own
stay ? This condo in town is dead.

This property I heard a lot of complaints. Even Sunshine supermarket
was given free rental for 2 years also cannot survived !!! This evaluation
will be more than enough for anyone to decide.

@tlt
If you are just stand and stare from outside of condo..then sure you might not feel that..Go inside the condo then you will definitely have a good look on that..Especially phase 2..quite many local resident right now..

@ST
Town condo is dead or you are going to dead..Come here open and close mouth all dead..If want dead please go away from here. Thanks!

@Chan

You can’t accept it. I don’t own a unit, it’s you are going to be dead.
Sunshine supermarket is already dead at that location, anymore
JUSTIFICATION ????

@Jun

Maybe all of the them sleep early. I don’t know. I can only say that not many lights turned on at night. The resident parking is not resident friendly. The shop lots are half dead.

PTS is a failure but is not dead. McD will not save PTS. More traffic jam will only happen die to drive through. Personally PTS has a good chance to revive again. Takes time! Lots of time!To me, dead places are places like shineville park at farlim which built on dead ground. Its worst investing there than PTS. PTS still got hope no matter what because its at the city center! Location matters no matter what.

People say when you start praying you might got hope, not because PTS
is at the city center you got hope !!!!. Is it consider dead only when an
earthquake bring it down ?

I don’t think you have any property just in S’pore by the way you commented
the way you look at a location.

Come on guys, just think as if the commercial development never ever existed, the residential development alone at this location still have a fair share of appreciation opportunity and worth to invest. They are not selling at >-1000psf as nearby projects did, I got mine The Wave at only 600psf which is very reasonable, i don’t worry at all.

Just treat this commercial development as a bonus, sucessful or not it does not change the fact that this whole project is at a superb location. Mcdonald, Cinema, entertainment city will definitely help to bring in crowdand thats for sure.

@tlt
Those phase 2 we can see the light very well from outside even you stand at the parking area of PTS and head up have a look from that u can know how many was that or not that. As for phase 1..Most of the light you won’t see it as the glass of window is in black colour..and most of the unit window have curtain..Thus you will only have see all in dark if the owner not open the curtain..Thanks! But seriously..occupy rate of PTS condo is very high actually was around 80%..But the shop lot..no doubt to say is a failure..

@tlt
One more things i notice that you are right…resident car park is not friendly at all..narrow track need to round and round to upstairs..The wave phase 3 was going to be the same concept..This is the issue for the condo..The rest still fine for me..

@ST
If you want continue argue..no point..want dead please go else where..But not here. Thx..Foolxxxh

@HUAT
What you are saying is absolutely correct..Thumb up for you with great point. SVP for me is definitely a place for poor investment..unless you are buying for own stay. For PTS no matter how the location is the superb one and no argue that plenty of improvement needed inorder to make it a real successful land mark. Any how the condo still very much and good for investment. The condo will just follow the market..price..If shopping mall phase 3 is doing well and jusco opening..and cinema is that..All of this will be extra bonus for the condo and it will be very good in value in future this is for sure..No harm also if the shopping is fail..as it will still remain the same..If success then it is extra bonus and which ever all the normal condo don’t have..

PTS condo will get appreciation with average of increasing price around 6 to 8% minimum. You can see phase 1..going to approach 700k minimum soon by this year dec..And phase 2 was at 660k minimum after this..

@tww
Location is the most important for investment..PTS will never die..It will be going develop even charm and wonderful when all the phase is completed.

I have 2 unit at phase 1..I buy for own stay due to this perfect location…easy convenient to me. Another unit i rent out for foreigner…Commercial downstair shopping center is not an issue for me..Depend how your guys looking on it.

@jun

Well, many bought PTS with the hope of seeing the success at the commercial, same for the Wave. I am still skeptic about your 80% occupancy rate. Will see how McD and Cinema can save PTS. My main concern is still about too few residential area around. Business won’t survive.

@CY

PTS is surrounded by old shop lots, and is not within the Unesco Heritage zone, which will hardly able to reinvent. Not sure which part of it makes you say it is a good location.

@tlt
Thanks for sharing. I agree what you say..initially most of buyer or investor buy the condo with the hope ivory can bring in the success for the commerical area. Maybe you can try to have a lot on the phase 2..quite many of them is local owner..

Can you be more detail regarding on too few residential area around? Base on phase 1,2 and 3 condo..

Phase 1 have around 380 unit
Phase2 have around 330 unit
Phase 3 have around 310 unit.

Total up it was around 1000 unit of condo in only PTS area which is not include the suit and office around and all the pre war shoplot around..And one more is the 5 star hotel which also a part of PTS development..The 5 star hotel will have more tourist to bring in to times square area to add in the business opportunity in this area.

@tlt
Wht i am trying to say is simple…Center of the City..And anyhow it won’t completely die..But it will take time to grow up..

We will still able to see the price of PTS condo still increasing from time to time due to surrounding new project was launching from RM1000sqf latest one was from tropicana macalister 218..So PTS condo was still in reasonable price and good to buy actually for those who keen to stay in town..I never promote anything..Just share my thought. Thanks.

@jun

Current phase 1 and 2 and all the shop lots around is proven not enough to sustain the commercial. Not going to work when phase 3 complete, with even more empty commercial space.

I don’t own a unit in PTS but I agree with u. This is a good location for stay.

@tlt
Phase 1 and 2 shoplot is been sold out to investor and buyer which is not under Ivory management proper care. So the style is more or less similar to prangim mall style..

But phase 3..all the shop lot will not be sold to anyone. And the phase 3 shopping center is under purely own by Ivory management..Which shoplot going to fill up at phase 3 already finalise by ivory. And this is why also..the date of phase 3 kick off date was delay to end of this year which was initially planning on May to be started the job. Jusco actually already sign the deal with Ivory to slot in at phase 3..

Now still early to judge either PTS is confirm fail or how..Still have many development to go untill the end only we can give the correct justification..What i can actually say is now Phase 1 and 2 were only just 35% of entire PTS..The balance 65% which included the hotel also..we can justify in 3 to 4 years to come after completion. But for sure is Ivory will never let PTS to go down..

Better start praying you might got hope, not because PTS is at the city
center you got hope !!!!.

@Jess
Thats right, Ivory will never let PTS down! Why, it is because their reputation is on the line. They screw up at first. No doubt. But future is still unknown. A few more years will show when everything is fully up and running. The location at city center will never go wrong. Location matters alot. Mostly i’ll say residential near or in the city will be ok. Because city center is the center of a state! With commercial lots for opportunity to do business means opportunity to recover. So thats why i feel that PTS will be ok. No matter the building is already there.

Shineville park on the other hand is purely residential which is excellent for own stay. But its the worst investment ever Because of its previous inhabitants. The location is bad with jam and noise pollution although it is not city center. No commercial as well. With that price tag currently requested by greedy subsale investor, i doubt anyone will be interested. In fact, PTS will be a better choice! PTS has potential and opportunity. SVP is a dead place!

Just a simple comparison, 750k for SVP – 1600sqft (below dead land) or 750k for the wave – 1200sqft (below/nearby commercial lots cum shopping mall) at city center? As a penangites, surely better avoid dead land and go for shopping center although both jam! But as a foreigner, just mention the key word “city center” you will get the business and close the deal. If you say farlim – ex kubor, aiyo.. Foreigner terus turn the head away. I mean nowadays property prices are sky high! At times subsale investment depends on foreigner too. You know well what attracts them. Key words – LOCATION!

@Jess

Easier said than done.

@HUAT

Why you pick SVP to compare with PTS repeatedly?

@jun

Unless Capitalland or Belleview bought over the whole PTS mall.

@tlt
Even the belleview also in trouble with their ASP in project farlim..Hw to bought PTS? What a joke.. ASP is hang on with many unit left..

@tlt
I believe some noise maker here owns SVP.

@tlt

He thought he is smart. Everything he said he thought was right. Have
limited knowledge and yet trying to preach. Just like S’pore where land
is limited if you bring along your RM 750k,you will not be able to buy a
HDB flat of 99 yrs. leasehold cemetery land.

A 699 sq. ft. flat will cost you SGD 390k and 1130 sq.ft is around SGD 450k-
688k. So are Singaporeans stupid and “Ah Huat” more clever ?

@walao

Harassment like this is won’t work on me. Worry about your sales and bonus?

@JJ

Belleview has experience in mall management. They can bring in good tenant mix. But the problem is the catchment area for PTS commercial is too small.

Bishan in singapore is an old ex-cemetery land. Now it is a matured estate where thousands lived there. Woodleigh is the same but now it is progressing. Can see condo n landed coming up. Shoebox are quite popular in sgp. Basically the best investment of rental return with low initial quantum for condo. These are all norms in sgp. Singapore is a country. Many foreigners with good income renting and they dont mind if its cheap if the land is outskirt.

But in penang, these are all yet to be accepted. As a state, we are doing quite good. MNCs are plentifull. But the wages are a question. Housing interest are doubled of sgp housing. Low entry is an important factor to own a hse. With so many land still available as compare to sgp, people or first time or subsale buyers are spoilt with choices! 750K are able to get a 3 room flat in woodlands but 30yrs old. Thats sgd300k which is reachable among many sporeans and pr with average SGD4k income. But with average salary of RM4k, RM750k is tough.That is where low entry will ease the ownership at first. Not subsale of a Terrible location and plot of land like SVP.

If want to compare, compare property in penang only. If want to compare property in sgp, then might as well include comparison from hk, taiwan, japan.. Even philipines or indonesia. You know about singapore property doesn’t make you king unless you are a global player. But yet, this about penang property. Deadland is a minority choice.

@HUAT

I have different interpretation about the city center. For Komtar area, I think it is only a administrative center, with limited economy activities. Most cities are having new and old side of the town, and I think Georgetown is and old town with low population. To make it happening again, unless demolish most of the old building there.

And to me, Pulau Tikus and Tanjong Tokong is more happening with higher upper class population. And Farlim is having higher middle class population. And the mix of population is growing from Weld quay to Jelutong, Queensbay and South bay in future. And Bayan Baru/ Bayan Lepas are highly populated with FIZ working class people.

So, the “city center” (Komtar area) is really hardly attracting higher population, in fact, it is loosing it’s population. So, I am not sure if this “city center” is still consider a good location. I see many cars just pass by the “city center” only, and make the traffic very bad.

@HUAT

Why don’t you share the SVP’s respective Pros and Cons in SVP forum? It is more appropriate.

@tlt
Are you very new to this forum or you have been missing out the thread which was removed from SVP forum? Those key player from that forum is now here in this forum condemning PTS.
They will do anything to keep their investment alive when its already dead long time ago. Good try reviving the dead And make people BELIEVE of what they do not know. I will make sure the history of the land of SVP be known to everyone I know!!Nothing wrong with telling people about the TRUTH! PTS is a good project. Just mis-queue on the first run. It will be better!
I hope I answer your question.

By the way, majority of the key player/ defender of their investment from
SVP are really rude and they cannot accept the truth! Macam gangster type with access to internet. Forum already bad experience.. Do not buy from these SVP suckers. Buy 400k, sell 800K. One of the key contributor to escalating prices in penang property.

SVP is suitable for those looking for bigger space for own condo-staying with a reasonable price-tag while do not mind the location. I am not discriminating against Air Itam area, but it is a clear fact that this is not a posh area with bad traffic, poor neighborhood, cemetery-surroundings, and certainly poor rental demand.

City center, Georgetown in this case is totally different, you guys are not comparing apple to apple. It is well-connected to all areas such as north to gurney-tg tokong, west to air itam, east to heritage&new new promenade, and south to bayan lepas. It is the governance center and all public offices and amenities are made available including transportation. In the future, if there is going to be monorail/tram or whatever, it is almost certain that there will be one nearly PTS if not directly in front of it like we see in the old Masterplan. It is only a short distance walk to the heritage zone, while at the same time you get to enjoy the modern shopping amenities such as pragin/1st avenue/komtar/pts all within the same radius. When come to food, you will be spoilt of choice as you have good mix of hawkers and fine-dinings just within foot-step, asian/fusion/western you name them. If your kids are going to high school, you will know how strategic it is to stay in this area, as compared to area like bayan lepas.

@Believe
No need ask or talk so much.. I cannot out-smart you because you are too shallow to even understand basic investment principles. Your rotten investment in SVP is buried for good!
But if you say sorry now and apologize to everyone you have bad mouthed maybe some silly buyer will buy from you at discounted price though. But kena wait very long time!

@Wonder
PTS still very much potential..Depend on ivory how to manage for phase 3,4 and 5..More to go i can say..SVP is fix at that location…no more change in next 3 to 4 year already. However PTS still have chance to reorganise and develop to become more and more in next 3 to 4 years to see..Lets keep an eye on this..I don’t think ivory will let this PTS landmark to go down like this..

@tww
PTS is definitely a good choice for those who keen to stay at city or town area..Still in market price..More development to come as you can see on top from your condo..Nice city view also..

PTS had potential but Ivory are a poor developer, the inside of PTS is awful. Yes i know the prices was cheap at the begining but Ivory used the cheapest fixtures and finishings you could find. Generally the whole surrounding is rundown and until most of it is renovated or bulldozed, why would anyone want to live there when there are so many other great places to live

@Believe
I am not going to say anything bad. If you are sharing your opinion..yes welcome…If you are just want to come in this forum and saying no point thing and argue..just for your satisfaction..Please get out from here..Sorry if i have say anything which make you feel not comfortable..

@steve
For those who born in penang island and stay at town…will still keep to stay in town..I agree PTS shopping center is bad..But for me condo is still quite nice..

However..Ivory first decision to sell their shoplot at phase 1 and 2 was the failure already at the beginning..Because it causing PTS look down now..But still have chance to get back since phase 3,4 and 5 still on the way. Very much interested to know what is their plan to make this PTS back on track..

@JJ
I have confident penang times square will back on track very soon..after phase 3,4 and 5..Sure will picking up very fast..

@OO
I’m sorry if I brought the misunderstanding into this forum. But I can’t help it when I saw hypocrite from SVP (refer comment above #23,24,39,42,45) coming into PTS and condemn this place. Its easy to detect such hypocrite because they are very sensitive towards words like “SVP, Cemetery, emotional, rotten investment and etc) because these words are somehow attached to them forever. I really pity this investors. But not their hypocrisy and intention to bring others down together with him. Its like i jump i’ll drag u along but if u jump i see. Let that man alone BELIEVE over his leap of no faith to rotten decay buried deep down the very earth investment.

The day will come when PTS will be awesome. Maybe need to renovate the entire mall to have a higher ceiling concept for the shoplots or even having new management. No matter what, city center location will be ok! Because i’ll be honest, if PTS location is at air itam i’d say maybe more difficult to recover. But Now PTS location is the best!

PTS has huge potential! Be it for residential or commercial. The location itself is already a huge potential. Once the monorail hooked up PTS as one of the network in penang, I am sure things will be different! With all phases completed, PTS will be a place that bring everyone together. Shopping, dining, entertainment, banking and etc are all under single place. 5mins walk will bring you to hawker, nearby shoplots, gama (if you walk fast enough). Bus station at komtar not too far away too. So convenient yet affordable! Unit sizes are reasonable too. Go everywhere also convenient because its the city center. What else you can ask for? Well maybe a better managed mall and perhaps a better road where possible. It will be perfect for own stay and investment!

@HUAT
Agree…PTS still very much potential..Location is the superb one..No doubt. We can keep an eye to see the progress later on..December phase 3,4 and 5 going to kick off already the job.

In singapore, wheather it is new launched condo or subsale condo, a solid 20% dpymt and approx 3% stamp duty is payable. Now there is Additional Buyer stamp duty at 5 to 10%.
If this rules implements in malaysia, you’ll see subsale picking up on par with new launch.

In penang, new launched condo mostly comes we rebates where dpymt could be as low as 1%, free legal fees and etc. what it means is huge savings and easy low entry. Many will be able to afford. For subsale, a solid 10% dpymt and other misc like legal fees, stamp duty and etc. That requires higher lum sump payment for subsale.

1) new home buyer prefer new launch. Why? Low entry. Free this and that. Get to choose units and if buy during property fair got free car park. Ohya DIBS given too at times.

2) Those who cannot wait, then subsale is their preference. That is where your agent or yourself needs to be a good salesman. When the young and innocent couple knew the history of the land, the surrounding, the jam, the LMC right beside the ever famous SVP, I am sure they will think twice, maybe no need to think. At RM750k, they have plenty of choice. They could even settle for a shoebox at light collection. Its big enough for two person.So much choice! I recall a post in property guru for a DST at relau at RM760k. Can get landed!!! So why SVP? Can’t think of anything except big, but then DST also big!

Nowadays many young gen couples prefer a place call home with lifestyle! Not dead style!
Even small families prefer a home near to school and places they work where majority is in city center or bayan lepas. Relau area will be popular. City center also ok. Public buses all goes to komtar. Perfect for those murid murid who uses bus awam. PTS is strategically located on a convenient spot in penang! To some extend, even the shoplots dont work out, the residential units are still ok! If state gov are capable to build the monorail, lagi bagus!

@HUAT
I very agree to what you have say..750k we can have many choice to choose from..SVP i don’t think have buyer wish to buy at that price..Currently sub sale market was in range of 650k to 700k..Ppl have more choice to choose with this kind of price.. PTS is one of the best also i can stay for those who want to stay at town area. After the wave already completed plus the hotel then overall will completely different already..

@Jess
Location is most important..1st is consider the project…2nd was the location..Prime location mean prime location. It will never change..

@Jess
I am really looking forward on phase 3 shopping center…want to know what is their planning to do..And another thing is the hotel..Which company of hotel going to be that..It is a very important in order to make PTS really success in next 4 year to come..

@HUAT
If we are buying condo..prefer to have more relaxing area…Most important is location..Gurney drive..PTS georgetown area..Tanjong tokong..pulau tikus. All those place is great to stay and enjoy entertainment surrounding..Hunza of gurney paragon looks making quite successful for this project..although shopping center for me..just so so..Hope Ivory will learn from them..and make PTS to be come successful..in next 3 year to come as PTS seen is rather a bigger project compare to paragon..Plenty to develop for PTS..Hope PTS will bring up the status and image of new Georgetown..

@Henry
Fully support PTS to make it happening and success..although now still in half way..

@HUAT
No one will stay at dead place..Working already very tire..And we don’t want to stay at their kind of dead place..lol

@OO
Gurney and town area probably is the best place…Gurney drive area..tanjung bunga was the most relaxing area in penang…

Nowadays, those new launch projects easily fetch a whopping RM500psf at minimum on average. Prime area easily RM1000psf. Proof can be seen easily. Tropicana 218 as example. The loft. Even Quaywest residence. Some say the price for phase 1 of PTS should be RM750psf now. I’d say it will be even higher.
I never doubt the fact that everything has ups and down. Because the economy stability will affect the progress of a state or a country. But eventually, PTS shall be an icon of georgetown! Together with so much heritage and other unique features of our lovely penang, PTS will be popular. A drive down from dato keramat towards the town, stand tall the residential high rise condominiums of PTS right at the heart of Georgetown.
Ivory may have not perform as expected, but they learned their lesson and the best decision made was to purchased these plot of land many years back. A revamp of the mall is a potential way to revive the place. Difficult, but not impossible. At the end of the day, I trust, by 2020 (7yrs from now), Penang Times Square will be perfect!
Time will prove PTS worthiness!

PTS location is a prime location…

@HUAT
Agree.. PTS phase 1 price will be at RM700psf by this december already..bcos “The Wave” already start the job..

@HUAT

After the underground tunnel from Gurney to Jetty completed, less people will drive through Georgetown already. Now I have to pass through it because no choice. In fact, event now from Tun Lim Express to Pulau Tikus also only pass through Komtar, not PTS. Even though I pass through PTS, still not stop by. PTS really need something extra-ordinary to attract the crowd. I think if they lease it cheap to someone like IKEA, maybe got hope.

How I wish Ikea can drop by PTS for northern side sector. Though I think IKEA might prefer mainland as they’ll be able to build the whole place in accordance to their specs. PTS layout is fix. Unless they revamp it to be more attractive. I hope Ivory is reading this thread. They must know that we have faith in PTS success! So they can even strive harder.

Not yet sold out? Why?

@HUAT

IKEA is just an example. I meant PTS need something big like IKEA to reborn.

@Hemsley
PTS definitely got potential…just need some big company in….and make it a really happening place..For me…PTS mix development project is bigger than Gurney Paragon…

I saw even during night time also..Ivory still working on PTS also..Looks like they start to kick off the job very soon..after The peak project finish…

@Tung
PTS still have many of potential…More phase to go 3,4 and 5..Anything is possible..Penang Lang..will push ivory to develop well of PTS..It will be a land mark for Georgetown..PTS have no way to fail..as it is locate at center of town..No one will let this Iconic landmark to be fail..

@Jess
Thats right..Ivory already working on PTS beside phase 2 birch regency..And after finish the peak..Then they will mainly focus to develop PTS already..It take at least 3 to 4 years from now to complete the whole project..OC obtained and hotel somemore..Whole project really complete will be around..2018…And 2020 we can see the real complete PTS..

@Hello
Really looking forward for PTS to success..and hope Ivory will enhance and learn what they have fail for commercial side previously…And give us a totally new PTS..Awaiting..

Where is the potential when you can’t even sell off.

@Urgent
Most of the buyer at PTS is still confident that Ivory still manage to turn around PTS by learning their fail lesson previously. PTS is not fully completed yet and manage phase and mix development still on going. Still have chance and potential for PTS since more to go for PTS and location was superb at the city.

Commercial property at phase 1 and 2 was the failure but that is still have chance to do correction..since so many phase still on going. Most of the local buyer was confident with their investment on the condo..Majority from phase 2 was own stay by localize and phase 1 also..And 1 more things is..PTS condo..still i can say in range of market value…compare to new launch project in city town area example 218 tropicana was in RM1000psf..So plenty much to grow in condo market price..Honestly say..i still can see the potential of PTS and ivory will never let it down for sure..Although is bitter now..but later who know it might be sweet later on. Now phase 1 and 2 was only 45% of entire PTS..so 55% we can still monitor..No harm to invest on that also..especially condo..If PTS success then just take it as extra bonus..If fail..no harm..just look it as normal condo..and the location is quite convenient anyway..

@Jess
Ivory just obtain and win in getting another new project with 8billion GDV at KL pudu area with taking over to reconstruct the left off project for so many year at Plaza rakyat.

@Hello
New project really needed for ivory..to develop and bring the company a step forward on KL market..

Heard that still have many units left. Suspect many held by insiders to release later.

@Mike
Maybe they will release with high price later on.. Confirm

Currently no sale, increase price will boost sale ?

@New Theory

So many in the forum said the location is one of the best, still don’t understand why no sale.

Drop by sales office yourself and take a look the availability chart for The Wave, you can see its full of stickers.

I don’t doubt that developer purposely hold some of the units to sell at higher price later on, but his is not within our control, apparently they also face some risk of doing that.

This property phase 3 the wave confirm 1.2M at least for 1250sqf during completion..3 to 4 years from now..No doubt to say that also currently all the insider from developer hold the unit to sell before OC obtain..

@JJ
You can see the trend of town condo right now..Even the Tropicana 218 also sell starting from RM1000psf..And phase 1 PTS condo also will go up to RM700psf by next year january already. Town/City house keep escalating the price..

@OO
3 years ago ” the wave” was launching starting from RM600psf..No doubt the price still in affordable and reasonable range..

@Tung
2011–>2013–>2015–>2017
RM600sqf–>RM800sqf–>RM1000sqf–>RM1200sqf???

@Joker
Now phase 1 most of the 3 bedroom unit very sell start from RM700k above..Especially those 3 bedroom unit which ever is facing gurney and komtar view..Mostly is RM700k above already..

@Joker
Now phase 1 most of the 3 bedroom unit already sell start from RM700k above..Especially those 3 bedroom unit which ever is facing gurney and komtar view..Mostly is RM700k above already..And 660k above for 2 bedroom unit..

Phase 3,4 and 5 play a major role to make sure PTS to reactivate and get PTS back on track. Ivory really need master planning to make it success..

Too many names here saying the same thing at almost the same time, be careful if you are thinking to invest in this property.

@Not Sure
If phase 3,4 and 5 fail meaning PTS is fail project. But if all the remaining phase is success and manage to tie in world class 5 star hotel then all is different story already..

@tekken
We really need to think carefully before doing any investment right now especially the Ivory project..Need to have strong holding power..

@Joker
Now even tropicana 218 macalister already launch at RM1000sqf already..No need wait till 2015

I don’t think PTS right now is good for investment..Most of the invester loss their confident to this project during phase 1 and 2 due to commercial property is very bad and shopping center is a true failure..Most of the investor going for Penang world city

@Roger
Location is already the winner…

I heard rumors that Birch Regencyphase 2 owners will not get any strata title because Ivory did not break down the land parcel to allow strata title to be awarded? Any idea?

I doubt Ivory can pull it off in 3 years. Location is not that great for foreign investors. Unless you like to be surrounded by old shops day in and day out, PTS is not a choice location for many.

Phase 1 going to RM700k above by this december..Good luck to all the buyer if still think and have doubt want to buy or not..^^

I hear now already up to RM700psf..No surprise also because tropicana 218 already RM1000psf.

Phase 1 and 2 still in RM700psf no surprise..

Got value, no demand!

Why phase 3 still no progress? Anyone can share the detail? When going to start the construction of phase 3?

@1 Millon Condo
End of november will start phase 3.

@Lim
Phase 3 times square shopping center will be started the job first..later on top of it will only the wave condo.Estimated will complete in 3 to 4 years time..

@JJ
Looking forward for the development at penang times square..The land already abandon for so long already since phase 2 completed. Would like to see how Ivory going to rebound the project back to its shine.

Need something sppecial

The wave phase 3 was selling at RM750psf already in the gurney property fair..Phase 1 and 2 will be selling at RM650psf at subsale at this coming january..

Where is the effort from Ivory to make this project back on track? Condo house was superb. But commercial is the failure…

Awaiting Phase 3..to come ^^ Even the smallest unit also ivory was selling it from RM750psf onwards..

wah…so expensive

What happened to the traffic? Suddenly slow down here in comments.

No progress from ivory on this project? Slow slow slow

The flippers are sweating now.

@jj
Phase 3 will be kick off by this month..Ivory office at birch house already move to Ivory tower..Birch house will start renovated soon also..continue McD move in january before CNY.

Look like GST got more impact than DIBS removing. I saw phase 1 unit was selling average close to RM700k onwards. But phase 3 the wave next month only going to start the job!

Phase average selling price already up to RM700k++…But phase 3 still not yet start. Hear is earlier of dec going to start the job..

Very expensive RM700k above.. now

@tp
The wave drag for so long next month only started the build..Luckily have DIBS for this project or else sure have major impact for buyer!!

What’s GST and DIBS?
Thanks

Birch house under renovated now!! Phase 3 will start next month!

Phase 1 seen have rather good value in subsale..Moving toward RM700k already.

Phase 2 seen have slow subsale..Still at RM600k above..

Can anyone share the design of carpark for phase 3? Are they follow the design like phase 1 and 2 with narrow track and need to turn so many round before reaching the car park lot?

I like the location of Penang Times Square and the house with nice environment too. But the Car park is a big concern for me. Can any one share on this?

@ton
Same go for The Wave!! For your info,many 3room unit at birch plaza selling RM700k above already..

@jj
Still consider cheap in market.. Most of the town new condo project was selling start from RM850psf..onwards.

Buyer :
@jj
Still consider cheap in market.. Most of the town new condo project was selling start from RM850psf..onwards.

Why not able to sell ?

where got people buy now? some buyers even thinking about foregoing the deposit that they have paid and pull back from purchase…:)

@SiaoLang
Location is still the major influence for this project..This project will retain its shine after all the phase completed. Nice location to stay actually and convenient to go anywhere also. I will rather go for this condo then sungai ara condo…

SiaoLang
Not all people have same thinking with u. Some time they just hv extra money and dont know what to do with it

Birch The Plaza furnished unit selling with market price all above 700k already..For you guys information

Birch Plaza above 700k already… repeat it 100X here won’t help your subsale…

The business here is dying,. The question is can you afford to bleed for another 10 years?

@wkl

I am not referring to those who have too much money and don’t know what to do with it. Just referring to those who are borrowing a lot and can’t sleep at night….:)

PWC start kick off already but “The wave” no progress.. ??? What a joke..

@yo
Phase 3 will start the project by this month..

Can i know ” The Wave” electric & water is under residential rate or commercial rate? If it is commercial rate, can we change to residential rate in future?

Im a resident in PTS phase 2. PTS 2 is actually 100% sold out and own by some body and i can say it about 80% occupied. I guess if you don’t see light at night is normal because more of the resident here is using the black out curtain to get more privacy. Living here is super convenience to get every where. I think this is one of the worth buying condo in town.

@LV
I agree with u. Occupied rate for phase 1&2 was 80% above.. Nice condo in town i can say. Nice!!

Ivory office move to the entertainment City area in the rear. Times Square is nice to walk around however the empty shop lot kind of SAD to look at. Great location with very bad take up on the shop lot. Other than that, it’s a good place to stay. Now have to walk to GAMA. Just thought why not Ivory make GAMA a great offer and have them open in Times Square and sold the GAMA lot for another high rise condo.

@The Wave
Condo for me is very nice. But the question is how ivory going to make the shopping mall become better compare to now.. And why the wave still no progress?? Due to phase shopping center planning so delay???

This condo come with 2car park? ? Or just 1 carpark for each unit?

I can see most of the owner can sell their times square house at RM700k above…now. Maybe it is due to location

@PCLim

How did you know they can sell at RM700k?….:)

Just trying to back up. Hard time selling according to my friend.

Haven’t you guys seen the reply from an owner at shineville park? He couldn’t find a buyer for his property for three months already. Even though the impulsive owners regards their investment highly but the truth turns out to be painful. But the wave has a huge advantage due to city center location. So even though hard to sell, it will be easier compare to shineville park.

Even 10 months also normal for such a price but a few owners in Times
Square haven’t sold their units yet for more than 2 years. I had gone
through Shineville’s site and the point is the whole project of this condo
is not completed yet. Are you comparing Times Square which was completed
4 years back to SVP ?

@Merpati
As i know from agent, original unit latest sell transaction was RM640k for original unit..And i want to find a unit at phase 1 with budget around RM600k.Hopefully can get one.. Anyone can introduce? I choose this condo it is because of it located at center of town and it is easy for my parent. And they prefer to stay at town area.

location no good lah … surrounded by termite infested smelly n dirty houses !

from Owner experience, i sold mine for 600K Phase-2. it took me 3 months to find the right buyer. If you are in a hurry, anything below 600k will be a bargain. Don’t listen to rumor and anyone that’s not from Times Square. Paper money is not worthiness much in the future. If you can afford, your house will retain better value than having bunch of cash in FD.

@The Wave
I hear from agent currently now original unit at phase 1 was around RM640k. Not sure about that. Any phase 1 unit around RM600k with 3 bedroom for sell? Interested in phase 1. Max i can offer is RM620k but need to see the house condition and face which direction. Prefer komtar view. Please share if any. Thanks in advance.

@The Wave
I hear from agent say currently now original unit at phase 1 was around RM640k. Not sure about that. Any phase 1 unit around RM600k with 3 bedroom for sell? Interested in phase 1. Max i can offer is RM620k but need to see the house condition and face which direction. Prefer komtar view. Please share if any. Thanks in advance.

@PCLim
I have 1 unit phase 1 for sell..Original RM650k with 3bedroom..interested?? Let me know if u interested..original condition

@PCLim
1 unit 2bedroom original rare in market RM640k nett.Cheapest in market. Mail me if u interested cctan@yahoo.com
Few unit available RM700k above for fully furnished.

@PCLim
Now in market” phase 1″ 3 bedroom unit original hard to find..And original for 3bedroom selling around RM650k already. Phase”2″ you can have a look. Might have 2 bedroom for urgent sell..I have renovated and furnish unit at phase 1 with RM 730k..Interested?

Can any of the buyer of “The wave” share the status of this project when is the ivory going to kick off this project? Seen not progress until now. Already end of 2013. Any alternative plan?

Today went to Ivory office…”The Wave” left only 3 unit…selling at RM970k above..And get know from the officer say only “2018” will get the house..4 years from now..too long..for me..

I am looking for phase 1 birch plaza with budget around RM700k(Max)..with below requirement..

*Facing Komtar View
*Must have Balcony
*3 Bedroom

PM me if you have unit around RM700k. Thanks!

Birch house under renovation…rushing for Mcd to be in on CNY..

What a big fuss about McD?

McD will not attract outside/foreign crowd. There are many McD in Penang.

You need some new big guys (not in Penang) to come like IKEA.

@max
This times square condo already full of many foreigner…if you come up ..you will see it..Condo is very nice..Our main topic right here is the shopping mall downstair..When only ivory going to do improvement…and bring this up..

This condo will have one of the highest rental yield in penang compare to any other condo in island..due to it strategy location..

john :
This condo will have one of the highest rental yield in penang compare to any other condo in island..due to it strategy location..

Hard sell…

Tempted :

john :
This condo will have one of the highest rental yield in penang compare to any other condo in island..due to it strategy location..

Hard sell…

SVP doggy barking here?? Go back to your cage.. Shhoo sshhoozzz…

One of the agents told me still have many units left.. tough sell..

@Tempted
Our SVP park friend..feel bored bcos of nobdy argue with him??Then come here disturb?

Ong :
@Tempted
Our SVP park friend..feel bored bcos of nobdy argue with him??Then come here disturb?

You visited SVP so often, why bothered to have a few visitors at your Wave? Slow demand worried you is it?

@Tempted
SVP dog barking here and there..