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Pine Residence

January 31st, 2012 Leave a comment

Pine Residence, a two tower 29-storey condominium located within the establish township of comprises 222 apartment units and penthouses. It comes with a choice of 6 layout designs and only 4 unites on each floor.

Gross built-up areas:

Block A

  • Typical units – 1,600 sq.ft.
  • Penthouse – 3,300 sq.ft.

Block B

  • Typical units – 1,400 sq.ft.
  • Penthouse – 3,000 sq.ft.

Property Project : Pine Residence
Location : Paya Terubong, Penang
Property Type : Apartment/Condominium
Built-up Area : 1,400 sq.ft. onwards
Total Units : 222
Developer : Geo Valley Sdn. Bhd.

 

 

Categories: Paya Terubong Tags:
  1. anon
    February 7th, 2012 at 17:51 | #1

    hi, any details on this project? Price, layout? I am quite interested for stay.

  2. higher
    February 8th, 2012 at 22:11 | #2

    better becareful with project from Geo Valley, eat people developer

  3. Na Keat
    February 8th, 2012 at 22:59 | #3

    Right or not? Geo Valley is building a lot of big, expensive, luxury, and high end properties…like 1 Tanjong, multimillion dollar house.

  4. anon
    February 22nd, 2012 at 00:42 | #4

    Thanks for the updates on the info Ken…
    i noticed “one carpark per unit” ??? i am a quite dissapointed.

  5. Ken (Admin)
    Ken (Admin)
    February 22nd, 2012 at 11:21 | #5

    @anon , you are welcome :)

    Actually they should not have highlighted it in the brochure :)

  6. Pending Acceptance
    February 22nd, 2012 at 11:35 | #6

    higher, may i know why did you call them eat people developer?

  7. ksgoh
    ksgoh
    February 22nd, 2012 at 18:43 | #7

    anyone knows the price? should be leasehold, right?

  8. anon
    March 1st, 2012 at 21:59 | #8

    rubber factory gone…i bet they are going to put this at higher price now. :(

  9. kntxx
    March 2nd, 2012 at 11:05 | #9

    Launching this Sat , 3/Mar 2012.
    “The gross area for Block B opens for booking is from 1,508 sq ft – 1,533 sq ft, price from RM509,500.

    Early Bird Promotion Home Package:

    Booking fee is only 2% of purchase price, 8% cash rebate
    FREE legal fee for S&P
    FREE 1 covered car park
    0% interest during construction (until Vacant Possession)”

    What you guys think.. good for investment/rental ?

  10. cl
    March 4th, 2012 at 10:48 | #10

    So far hows response for the launch? Any sharing.

  11. jacklew
    March 4th, 2012 at 23:11 | #11

    Heard that Mar 3rd, is only opened for those registered earlier. Went to their office on Sat, response not bad. Quick a number of units booked by those early birds. The developer quoted that the new road from the site towards INTI college was approved by JKR. I think good for own stay rather than investment, due to its traffic problem at farlim.

  12. jacklew
    March 4th, 2012 at 23:21 | #12

    the comparable project for pine residence is view court by farlim group. 5 minutes walking distance.

    View court
    RM423k – 1259 sq.ft (RM336 per sq.ft)
    2 car parks
    LEASEHOLD
    limited facilities
    maintenance fee: 18 cents per sq.ft
    low density

    Pine Residence
    RM509k – 1503 (RM338 per sq.ft)- price for 2 car parks after discount of 8%.
    FREEHOLD
    maintenance fee: 16.5 cents per sq.ft
    plenty of facilities
    medium density

  13. anon
    March 8th, 2012 at 22:28 | #13

    do you think this is a good choice? for stay or investment?

  14. winnie
    March 16th, 2012 at 20:12 | #14

    Is the developer reputable? Can anyone advice is this project better or belleview (four season parks)? thanks

  15. jacklew
    March 20th, 2012 at 23:46 | #15

    good for own stay rather than investment. four season parks is high density considering the projects along the main road. furthermore, the vehicle noise from the main road could be disturbing.

  16. cl
    March 21st, 2012 at 08:45 | #16

    any units still available ? or the promotion package atill available? Pls share if any. Thanks.

  17. jacklew
    March 22nd, 2012 at 12:18 | #17

    not so sure but can check with the sales person. Victor:016-4351284.

  18. frances
    March 25th, 2012 at 23:26 | #18

    the promotion is still available….just bought a unit during the property fair in Strait Quay this weekend….the response is good….not many units left….u still can check with the sale office at geo valley biz center

  19. jacklew
    March 26th, 2012 at 14:56 | #19

    as i know of, 12 units sold during the mapex property fair in strait quay. If wanna buy, avoid 16 & 17 floor. near pump room.

  20. frances
    March 29th, 2012 at 23:06 | #20

    if im not mistaken, i saw the list on Sunday, 17th floor is sold out….17 is better than 16 according to the sale guy….17th floor is water pump and it will only run when the pressure is low, it is not running all the while…..

  21. jacklew
    April 2nd, 2012 at 17:17 | #21

    not much units available now.

  22. frances
    April 4th, 2012 at 22:43 | #22

    by the way, any owner here? :)

  23. jacklew
    April 6th, 2012 at 09:59 | #23

    yes. i’m.

  24. Mr.Lim
    April 6th, 2012 at 10:09 | #24

    i prefer shineville park than pine residence, location+price+sq ft!

  25. jacklew
    April 9th, 2012 at 16:06 | #25

    shineville is better choice in term of value for money. i visited the site but worrying about the noise of vehicle from the surrounding road. and the project is on a grave yard land. i’, not condemning shineville, just my 2 cents. be happy for your own buying !!!

  26. frances
    April 11th, 2012 at 16:41 | #26

    @Mr.Lim
    Mr Lim, I know you have bought a unit at shineville park (facing air itam)….and also posted plenty of good comments at that site…..i think u r trying to bring up the resale value at shineville in future….personally i think both the properties are comparable…each has the pros and cons….im not saying shineville park is not good, pine residence is also value for money….quiet, low density, easy access to main roads etc. without denying, shineville has a better view and cheaper, but it is sold out….price wise, don think other will get a cheaper price as what we got earlier….thus, shineville park won’t be cheap…in fact the pine residence is cheaper and better for new buyer

  27. J&J
    April 11th, 2012 at 17:11 | #27

    Pine Residence is not build on flat land, facing low cost units and by the
    side and heavy traffic during morning and after working hours. I intended
    to book a unit but was discouraged after visiting the site.

  28. jacklew
    April 11th, 2012 at 22:17 | #28

    i went to the low cost flat before booking my unit, the low cost flat, “mi tong san”, is well maintained. each owner needs a special “lift key” to access their respective floor, outsider would not have a chance to access the floor w/o the lift key. I have a fren (Q.S) working in lonepine, she told me the foundation work under lonepine is extremely good, the boss very particular in building the base. they build more than what is required by the law. Thus, building safety is guaranteed. Traffic problem, yes. i agreed, especially farlim and paya terubong. but i’m already use to it :-) in future, i believe the new road will reduce the issue. just my 2 cents. i believe those buying are the true owner and most of them should be from air itam, farlim and payaterubong areas. just like me. happy buying.

  29. tata
    April 13th, 2012 at 17:12 | #29

    This one is the only big square feet new condo in ayer itam beside shinville park, i think its a value buy for local ayer itam as most apartment in ayer itam is small (around 700sqft) and a lot of local want to upgrade their living standard but yet still want to stay in ayer itam.

  30. ip
    April 13th, 2012 at 17:56 | #30

    i have the same feeling with J&J. After survey the surrounding env.. half million condo surround with most of the low and medium cost apparment.
    of couse for those buyers with own stay stil consider if they used to the traffic and env. but i’m doubt with the appreciation value as location and surrounding not the attractive ..

    it’s not so perfect to me

  31. winnie
    April 14th, 2012 at 12:41 | #31

    @jacklew
    thx. Just bought a unit.

  32. ycktech
    ycktech
    April 14th, 2012 at 20:15 | #32

    Hi,
    Today I just go visit the site, It seem like they going to build it at the edge of a rock cliff.
    Anyone notice that, is it safe to be building there and below the cliff is some aparment type.
    Any one can give some feedback. I am planning to buy but after see the site I nam lack of confidence.

  33. jacklew
    April 15th, 2012 at 16:11 | #33

    @ winnie. No pro. i’m currently staying at air itam area. facing main road. The vehicle noise and dust are very annoying, especially when you want to have a good sleep at night. Thus, i prefer to select pine residence over four seasons. Four seasons is good in design and convenience due to its commercial lots at ground floors, but i’m worrying abt the vehicle noise. My kids are keen with the new condo with swimmng pool facilities. I’m ok if the project did not appreciate in value when oc obtained, as this is for own stay, just hope the price will not go south :-)

  34. AC
    May 4th, 2012 at 08:42 | #34

    All Seasons Park condos has it all. It is just a walking distance to the wet market and shopping at All Seasons Place. The best part is the commerical lots are being managed by Belleview Property Management and all 120 shop lots are tenanted. It’s like a supermarket which is managed and controlled by the Management. Belleview is also built the 1st Avenue Shopping Complex and they have the networking of finding those nice tenants which is proven as they have published up all the confirmed tenants. As for the traffic noise, I do not think it is the major as All Seasons Park condos are allevated up from 9th floor ownwards. The 7 & 8 floors are the facility deck. Thus, the noise will be largely reduced. We are staying in a city, noise is inherent everywhere. Anyway, it depends on what you want as follows:
    1) If you want the larger unit with the affordable pice – then Shineville but graveyard land.
    2) If you want conveniency and shopping – then All Seasons Park but noise.
    3) If you want greenery – then Pine Valley but cliff land.

    So, you decide yourself. There is no right or wrong answer.

  35. goo
    goo
    June 22nd, 2012 at 11:39 | #35

    Hi all, need advice for my 1st property investment, i am looking at this because it has deferred payment scheme , good for me not much cash. Heard its 500+k n above now. Any advice appreciated. Thanks

  36. ks
    June 22nd, 2012 at 13:09 | #36

    @goo
    if u r looking for a condo for own stay and large built up at reasonable price, pine residence will be a good choice. However, there are several drawbacks, such as bad location, low price appreciation in that location…. I would advise u to take up other property such as garden ville which sells @ 400psf…… or u may ask the fierra vista if there are any left over units… setia triangle would be good too, but high maintenance and low rise.

  37. goo
    goo
    June 22nd, 2012 at 16:23 | #37

    @ks
    Hi ks, thanks you for replying. The places you mentioned, do they have deferred payment scheme? I go check them out too.

  38. ycktech
    ycktech
    June 23rd, 2012 at 13:58 | #38

    what are the price now at queensbay mall properties fair?

  39. ks
    June 23rd, 2012 at 23:04 | #39

    yup… fierra vista, seti tri-angle and garden ville and pine residence do provide 3 years during construction interest absorption and free legal fee and stamp duty..

  40. goo
    goo
    June 24th, 2012 at 10:12 | #40

    @ks
    Thanks ks for advice. I still went ahead with pine , spacious for upgraders grew up in that area. Hope there be demand by buyers, but i donot see much hope for rental yield. Anyways my 1st property.

  41. Lutheran
    June 29th, 2012 at 12:36 | #41

    KS, too inside already and the road is dark. Besides, it is too far away and I still prefer in the central of the island. Not too far to go North and South. Besides, there are upcoming nice hang out place – All Seasons Place to be opened in coming August. The central of the island has upgrading with those nice commercial units and outlets too.

  42. jacklew
    July 6th, 2012 at 08:34 | #42

    I would say the person who buy Pine Residence will be those staying around the area. Just like me. Get used to it. Actually, the area is not that bad, market, banks, supermarket, dobi, petrol station, old town, pasar malam, macdonald, pizza hut, all can be found in the farlim area. That’s kind of convenience. And, this would be the first biggest condo in term of space in the area. Dont forget, the new road to wards bukit jambul would be kind of advantage once completed.

  43. jacklew
    July 6th, 2012 at 08:41 | #43

    @goo, i suggest don’t buy Pine Residence if not for your own stay, the price wont appreciate so much compare to other properties….and forget about rent it out as the rental is gonna be low.

  44. Kent
    July 17th, 2012 at 11:13 | #44

    Just closed a deal during last week Star property fair.

  45. SunHill
    July 17th, 2012 at 11:59 | #45

    @Kent

    Any special deal you obtain during the property fair?

  46. Kent
    July 17th, 2012 at 13:11 | #46

    @SunHill
    I should say no surprise as all the discounts given were consistent with what was given during it’s lauching time in March. Any “special” deal that you had heard of?

  47. jacklew
    July 17th, 2012 at 14:06 | #47

    @Kent, Building A (1600++) or B (1500++)??

  48. jacklew
    July 18th, 2012 at 21:54 | #48

    @jacklew
    Type 1400++ sf.

  49. jacklew
    July 22nd, 2012 at 16:04 | #49

    went to pine residence office yesterday, surprisingly that block B (1400sq.ft) almost sold out with less than 10 units available now. For block A (1600sq.ft), more than 85% are sold out too…..

  50. Ben
    July 22nd, 2012 at 19:04 | #50

    I went to the office yesterday too…. Still not so sure it worth to invest or not in this project…. Can advise?

  51. jacklew
    July 26th, 2012 at 12:49 | #51

    @Ben, for investment, it is not a good choice. For own stay, not a bad choice :-)

  52. ycktech
    ycktech
    August 13th, 2012 at 16:52 | #52

    Still nothing happen on this project yet?
    No signing S&P ?
    No News?

  53. Goldfish
    August 15th, 2012 at 08:06 | #53

    S&P will be signed next week.developer just called yesterday.anyone using other lawyer for their housing loan rather than developer appointed lawyer?

  54. jacklew
    August 15th, 2012 at 10:09 | #54

    yup, received call yesterday from developer. Will sign the S & P next week. will be using same lawyer unless their charges is expensive. i’m taking rhb loan package.

  55. Goldfish
    August 15th, 2012 at 21:31 | #55

    I think they are offering a quite competitive package without denying….I still looking for alternative lawyer for the loan agreement as usually developer panel lawyer firm will charge higher as they definitely will get the business. At least they are getting biz on the s&p agreement. They can simply chop us on loan agreement side.

  56. jacklew
    August 16th, 2012 at 10:45 | #56

    the lawyer fee offered by rhb on the loan agreement not that bad, quite competitive…..they quote me RM6.5k…..include disbursement fee….will check the fee with alternate lawyer then.

  57. frances
    August 16th, 2012 at 21:56 | #57

    Just for sharing, I got a quote from other lawyer, loan legal fees is RM5600 and the snp stamp duty is RM1000. But lone pine sale person quote RM7000 on loan legal fees and around RM550 for snp stamp duty. I think lone pine sale person must earn a good extra commission on this. Yours price is not bad. By the way, do we need to pay additional snp professional fees on additional car park? Since now they have not finalized the car park price. Wondering wat take them so long.

  58. jacklew
    August 17th, 2012 at 09:17 | #58

    i’m going to their sales office tomorrow to find out more details on the additional car park and s&p….let’s see how it goes then..

  59. frances
    August 17th, 2012 at 19:49 | #59

    I’m out this weekend, can u update me after u visit the sale office?thanks

  60. jacklew
    August 19th, 2012 at 11:26 | #60

    signing s & p will be delayed as there are some amendments on the spec…….additional car park also not finalised yet,,,,

  61. jon
    August 21st, 2012 at 20:30 | #61

    any new progress … dont think this is good location
    beside poor rental yield .. not good fr investment

  62. Future PR
    August 23rd, 2012 at 15:56 | #62

    anywhere in Pg Island is worth buying as the prices can only goes up not down…during bad time yes it will go down a bit but after a few years it will go up again higher and higher….

  63. Future PR
    August 23rd, 2012 at 16:04 | #63

    beside this condo there will be pine sanctuary with 3 storey shoplots and residentials…once completed it will be a mix commercial and residential hub by same developer under lonepine group…prices will go up definitely once completed but may be the % is not as high as other properties in the north east district but it is a worth buy (value for money) considering the sq ft and facilities + lower maintenance RM0.17/sq ft …

  64. Ken
    August 23rd, 2012 at 23:33 | #64

    @jon
    Because of u then Penang property price going up crazy….if u look for investment, please buy those multi millions landed property in Penang.if u don’t afford but just buying condo to invest, then u are nothing than all other people. Don’t call yourself an investor….lol…u are just a speculator….

  65. goo
    goo
    August 29th, 2012 at 17:20 | #65

    hi to those who bought, i too hoping to get cheaper loan legal fees and S&P. And is RHB offering a good package? or based on individual needs… according to my salesman, i want to confirm block A 2 carparks, blk B 1 carpark?

  66. jacklew
    August 30th, 2012 at 10:39 | #66

    rhb’s package not bad. for lawyer fee, you need to bargain with them to get a better rate. I booked block B (12 floor) with an additional car park.

  67. Future PR
    August 30th, 2012 at 18:25 | #67

    Yes …….I just booked one unit block A with 2 car park , block B only comes with one car park. Loan agreement is better to get back the same lawyer who is handling our S&P as the process is faster and can bargain for lower fees. I was advised by the bankers if you engage other lawyer, your file has to be transferred to other lawyer and there would be some delays later on…

  68. goo
    goo
    August 31st, 2012 at 00:03 | #68

    thanks jack and future, can bargain? hehe i try. i was quoted by developers the total fees $8K plus…. abit high.

  69. jacklew
    September 1st, 2012 at 16:25 | #69

    @goo, RM8k is way too expensive….

  70. Future PR
    September 3rd, 2012 at 11:14 | #70

    the legal fee for loan agreement depends on the loan amount ….it is not fixed

  71. Future PR
    September 3rd, 2012 at 11:21 | #71

    heard that the price is going to increase for about 10% for Block A & B by the developer….

  72. jacklew
    September 3rd, 2012 at 21:40 | #72

    that’s developer’s trick to push out the balance few units….. :-)

  73. Future PR
    September 4th, 2012 at 13:56 | #73

    if the price do increase then it is good for those who has bought it earlier in terms of the value of property…

  74. jacklew
    September 4th, 2012 at 18:37 | #74

    don’t be fooled by the developer, if the price is up 10%, then it is slightly overpriced (for new buyer) in view of its location.

  75. ycktech
    ycktech
    September 6th, 2012 at 09:51 | #75

    Have anyone signed the S&P yet cause as I know shuld have signed on August.

  76. Future PR
    September 6th, 2012 at 12:20 | #76

    Block A or B?

  77. jacklew
    September 6th, 2012 at 14:32 | #77

    not yet. The developer yet to finalize the terms, especially on additional car park.

  78. Future PR
    September 7th, 2012 at 09:17 | #78

    anyone knows when start construction for block A & B…and completion date? I was told block A will only be completed end of 2016….

  79. jacklew
    September 7th, 2012 at 11:14 | #79

    3 years upon signing of s & p. If you sign the s & p this year (Block B), completion date is end of 2015. For block A, you may want to check with the developer…. but then, both block A & B will be built together….so, expect it to be end of 2015.

  80. Future PR
    September 7th, 2012 at 14:13 | #80

    @jacklew
    Thanks for the info…. so in next 3 or 4 yrs we will be neighbors…

  81. jacklew
    September 8th, 2012 at 14:57 | #81

    yes, u are right. i booked 12 floor, my sister in law booked another unit, same floor too. :-)

  82. winnie
    September 8th, 2012 at 17:43 | #82

    Why u comment like this ? Have u eaten by this develop before ?

  83. jacklew
    September 11th, 2012 at 09:17 | #83

    i mean most developer are tricky, not only lone pine, they will try to push out the balance units by creating a “few good” atmosphere, i.e, the price is gonna to increase by xx %. Anyway, it is good for existing buyer who bought it during the launching time… :-)

  84. Future PR
    September 14th, 2012 at 14:01 | #84

    Anyone has signed the S&P for block A & B? When are we suppose to sign for block A?

  85. frances
    September 21st, 2012 at 17:22 | #85

    lawyer firm jz called to sign snp this weekend….anyone has signed with additional carpark included? i afraid after we sign the snp, they claim there is no more additional unit for sale….can anyone share sth?

  86. frances
    September 22nd, 2012 at 15:46 | #86

    just for sharing what happened today…..i asked the sale person about the additional car park. the 2nd car park will not be included in the snp today. I asked if that is the case, what happen if I sign snp today and end up developer does not want to sell me 2nd car park. The sale person said their management is still working on this issue as many buyer also facing the same issue and refused to sign snp without additional car park listed in the agreement. the sale person saying worst case there will not be any 2nd car park even the initial deal before deposit is given stated we want to buy 2nd car park. I was frustrated when i heard that. this is ridiculous! i felt that I am being cheated. I believe there are many buyers facing the same issue with this developer and the sale person told me many are refused to sign snp now due to the 2nd car park issue is not resolved. i really piece off with them. any future PR is facing the same issue here? please share your thought

  87. Kk
    September 23rd, 2012 at 14:34 | #87

    I have paid for deposit on block B last month, took HL bank loan. Blr minus 2.45 for 3rd years onward.. havent sign s n p, any1 got good lawyer fees package offered by HL? how much?

  88. Future PR
    September 25th, 2012 at 14:46 | #88

    Block B 2nd car park are based on a first come first serve basis…..and the management is in the process of allocating…Block A residents have 2 car park each……that’s wht I heard from the developer

  89. jacklew
    September 26th, 2012 at 12:16 | #89

    received call from lawyer to sign S & P….if there is no guarantee 2nd car park for block B, i will probably cancel the booking (i’m among the earliest to book the unit)…..my family got THREE cars !!!!! I will visit GEO Valley this Saturday morning, anyone wanna go together??

  90. frances
    September 26th, 2012 at 13:19 | #90

    same to me, the lawyer called me yesterday, saying it is not guarantee to buy the 2nd car park for block B according to the developer (i am also among the earliest to pay the deposit > more than 6 months ago). i will also cancel my booking and waste the penalty fees worst case…really disappointed….if im around this saturday, i will join those that are going to their office….really unfair!! if all units from Block A come with 2 car parks, im doubt PR will have so many car park lots….regardless of additional car park as claimed by developer, minimum PR must have 222 (1 each for block A&B) +111 (additional 1 each for Block A)=333 car park lots…wondering if they have enough space for more car parks….might be their strategy to cheat buyer….im insists to sign SNP only if the 2nd car park is stated clearly in the SNP…once we sign SNP, thatz it….cannot argue anymore….

  91. lin
    September 26th, 2012 at 14:10 | #91

    Guys, i signed the snp last week, i never been infomed that there is no gurantee for 2nd car park, the lawyer just informed that the carpark agreement to be sign separate. In a rush, i signed. Now stuck half way.

  92. jacklew
    September 26th, 2012 at 14:16 | #92

    @ frances, i’m absolutely agreed with you. The saleman told me that if within 4 months the developer is unable to have the S & P ready for signature (after buyer pay the deposit), we, as buyer has the right to cancel without any penalty. After all, we will knows this Saturday….

  93. Future PR
    September 26th, 2012 at 14:17 | #93

    Block A occupy 222 car park lots, Block B 111 car park lots….so 333 car park lots all together…so if any extra car park would be limited….as I know there are 4 levels of car park, 3 underground and 1 on the ground floor…let just say 1 level 100 car park lots then 400-333 only extra 67 car park lots not counting visitors car park lots yet….so definitely not enough…..

  94. EL
    EL
    September 26th, 2012 at 18:50 | #94

    @jacklew @frances I have been facing the same problem here. This is quite disappointing. I wouldn’t be signing the s&p as well until the parking issue is finalize. If I am free I would drop by.

  95. jacklew
    September 27th, 2012 at 09:53 | #95

    I will be there around 10.30am. Hope to see you guys then :-)

  96. jacklew
    September 27th, 2012 at 11:00 | #96

    my sister in law, same floor as me, will cancel too if additional car park is not guarantee.

  97. frances
    September 27th, 2012 at 16:46 | #97

    bad news…..developer said they have submitted the car park plan to local authority for approval, if plan is not approved, then we will not be able to buy 2nd car park..finally they claimed today we might not get the 2nd car park..damn it…if that is the case, why they still offer buyer to buy additional car park at the first place…i don’t know should i trust them anymore, why until today the plan is not approved? if we still waiting, end result will it be the same? somemore they have been holding our deposit for more than half a year…

  98. EL
    EL
    September 27th, 2012 at 22:35 | #98

    hmmm…. did they mention when will they know the status for the plan to be approved?? or not??

  99. RZ
    September 28th, 2012 at 09:35 | #99

    with the surrounding all low-mid cost appartment, this will be bad to park car outside. i will ask for refund even with penalty. Short term pain better than long term pain lor.

  100. Cs
    September 28th, 2012 at 15:57 | #100

    i was told by developer on the car park issue since few months ago. They promised will get the plan approved but until today nothing happens. worst thing is, I have signed loan offer letter from bank. If i cancel my booking and no SNP is signed, will I get any penalty from the bank? can anyone advice me? i will opt to cancel booking if really no additional car park available….my worry is on the loan offer letter

  101. EL
    EL
    September 29th, 2012 at 11:52 | #101

    just went to the sales office. However, the sales person was not in. We were inform about the car park plan sending for approval as well. However the approval date is still unknown. Anyway I have make clear to them that I will only sign the S&P upon the confirmation of the carpark.

  102. jacklew
    October 1st, 2012 at 00:17 | #102

    visited the office Saturday morning, the sales person not in. The other staff told me the same thing, additional car park submitted for approval, no confirm date. I told them i will only sign the s & p with a confirmed 2nd car park. The staff told me something like impossible. It is base on first come first serve and we as buyer can’t drag for the signing. ON Monday morning, i will call up and inform them to cancel my booking and get back my deposit.

  103. Future PR
    October 1st, 2012 at 10:13 | #103

    I was told earlier if cancel booking, developer are charging RM500 for administrative cost….and if cancel loan from bank, bank will charge about RM2,000/- for cancellation….

  104. frances
    October 1st, 2012 at 11:23 | #104

    i also plan to cancel booking if they still cannot provide a firm date. Anyway we can insists not to pay for the penanlty RM500 since they have dragged us for so long? how many of us plan to cancel? may be we set a day and “visit” the developer to fight for our right. We need a bigger voice.
    on the bank loan site, if we are not signing SNP, the bank loan offer letter does not make any sense also. There is no property for the bank to release loan also. I check with my friend working in bank, bank penalty will be imposed if we are jumping from 1 bank to another and still buying the property. In this case, we do not have a property, should not imposed any fine. Tonight go back have to read through the agreement again. If anyone has consulted their bank agent, appreciate if you can share.

  105. ycktech
    ycktech
    October 1st, 2012 at 11:59 | #105

    Wah suddenly so big issue. I tot they say before, additional car park is priory to Block B 1st how come now become Block A confirm 2 carpark. Last week lawyer firm just call on signing SnP then I ask them related to 2nd Car Park, they say they duno. Like that Jialat already.

    @frances If got ppl going on Sat please imform here, I wan to follow see how is the situation. If not so gud I also might want to cancel.

  106. jacklew
    October 1st, 2012 at 14:49 | #106

    before signing the loan offer letter, the banker told me as long as you haven’t sign the loan agreement, then no penalty for cancellation. For S & P, the sales person said just write in to cancel and they will refund full deposit. I think there are more than happy if we cancel, because according to them, the price already increased 10%. Then the developer can sell our unit at a higher price…

  107. jacklew
    October 1st, 2012 at 14:51 | #107

    with approximately RM 500k, i think there are other choice out there, especially next year….

  108. KK
    October 5th, 2012 at 19:42 | #108

    i m taking B too, the loan has been approved. Awaiting to sign the S n P. After listen to every Blok B s’ owner, should i on hold 1st? if yes, how long can i drag before sign the S n P?

  109. goo
    goo
    October 6th, 2012 at 23:39 | #109

    Sorry want to ask, is the carpark problem only for those buying extra lots? Thank you.

  110. frances
    October 7th, 2012 at 11:19 | #110

    yes, the car park problem is only applicable for those that is buying extra…..
    i am wondering how long to wait until they get approval…..need to check with lawyer i believe….
    any has cancelled and get full refund?

  111. goo
    goo
    October 7th, 2012 at 12:05 | #111

    Thanks frances. How much u paying for legal & disbursement fees?

  112. ycktech
    ycktech
    October 8th, 2012 at 08:44 | #112

    @goo u buying with 1 car park only is it?
    Anyone getting extra car park now or still not sign SnP and waiting for the extra car park to come out?

  113. Future PR
    October 8th, 2012 at 09:13 | #113

    Obviously some will get the car park and some will not as I believe the car parks are not enough to cater for all block B residence…..but again not all buyers wants to buy extra car park….if those cannot get extra car park why not try to switch to block A with 2 car parks at almost the same price….if there is any units left….

  114. frances
    October 8th, 2012 at 13:17 | #114

    goo: i hv not paid for any fees yet….i refuse to sign until they have a firm answer on this issue
    there is a reason why Lone Pine provides 2 car parks for Blk A only, no free lunch mah….block A view is blocked by Puncak…another important point is, there is a Surau built exactly next to Block A. hard to sell, that is why they give 2 free car parks…..i think this is their strategy, sell Block B first by telling block B buyer can buy 2nd car park, when Block B is almost finish selling, then only launch Black A telling new buyer their units are selling like hot cake. Then they also aware Puncak is blocked by Block A, so giving 2 free car parks to attract people. When people start buying Block A with higher price compared to B, now the irresponsible Lone Pine developer plays trick with Block B buyer. Telling us all the nonsense and giving excuses no 2nd car park available for us, trying to force the early batch Block B buyers to cancel our booking. Eventually, Block B with better view can be opened for sale again with higher price. At the sample time, this money sucker developer earn our deposit interest for more than half year and able to sell Black A and B at a higher price and to maximize their sale.

  115. goo
    goo
    October 8th, 2012 at 23:14 | #115

    Ye i not getting extra carparks. Blk A all 4 units will see mountain?

  116. Future PR
    October 9th, 2012 at 12:07 | #116

    @goo
    Block A ……2 units will see mountain view and 2 units will see some residential views and depends on which floor you are in…….if you are going for view that is not a good choice for you to buy but for location of nearby amenities, eateries, shopping centres and covenient stores…. yes…the space is attractive with 1600++ square feet with 3 rooms + 1 study room, 3 toilets…with that kind of price it is hard to get it anywhere else in the Island except in Sg. Ara Zan Pavillion which is also RM600K ++ with about 2000 square feet space…..you also notice there is no balcony at the living hall….only one balcony in room 3…so talking about seeing view is out…..moreover the mountain view also comes with some cemetery view if you are high enough to see them from a distance….ha ha

    There is no perfect condo but just on what is important to you and what you need…pros and cons you have to decide……

  117. ycktech
    ycktech
    October 10th, 2012 at 15:23 | #117

    @frances How long can we hold and not sign SnP. I scared later the auto cancel then everything gone.

  118. goo
    goo
    October 11th, 2012 at 08:14 | #118

    @future pr, got it. Thanks

  119. frances
    October 12th, 2012 at 08:51 | #119

    @yktech I am having the same concern with you….im not sure how long we can hold….is there anyone already cancel the booking and get refunded? or anyone has checked with the developer on current status?

  120. jacklew
    October 12th, 2012 at 09:53 | #120

    i sent cancellation letter last week. Yesterday, developer called to counter offer block A at old price with 2 car park (they said now the price already UP). I told them i’m no longer interested. This morning, they called up to inform that the refund cheque is ready for collection. Full refund. I will collect my cheque from them this evening. Lose RM 150 as interest if i put the money in bank…..

  121. jacklew
    October 13th, 2012 at 18:00 | #121

    Received my deposit yesterday. Block B 12th floor unit 2 & 3 are available now.

  122. david
    October 13th, 2012 at 20:11 | #122

    Hi Jack..mind to share ur buying price for these 2 unit?

  123. jacklew
    October 15th, 2012 at 20:10 | #123

    RM487k + RM 20k for 2nd car park.

  124. tgb
    October 16th, 2012 at 14:14 | #124

    Called the sales office this morning asking about the carpark issue & SnP for block A.
    The person told me that the initial carpark plan is ~420 units. They are resubmitting to get additional 30-40 units. For the S&P, they are preparing for block A and will start 2 weeks later.

  125. ycktech
    ycktech
    October 17th, 2012 at 09:25 | #125

    Anyone know the carpark issue when it will settle? I dun think there is any updates on the car park issue yet. Signing SnP already still not yet settle car park issue. My friend told me that extra must sign with house SnP, Is it true or can be a seperate SnP only for Car Park?

  126. kent
    October 21st, 2012 at 22:51 | #126

    If i want to cancel the booking and get back my deposit. any charges. Kent

  127. kent
    October 21st, 2012 at 22:54 | #127

    HI. If i want to cancel the booking and get back my deposit. any charges. thks Kent

    @jacklew

  128. jacklew
    October 22nd, 2012 at 10:18 | #128

    @kent, i got my deposit back at NO CHARGES !

  129. EL
    EL
    October 24th, 2012 at 20:32 | #129

    Just canceled my booking, no charges too.
    I am so disappointed wt this developer!

  130. ycktech
    ycktech
    October 25th, 2012 at 07:59 | #130

    @@EL, @jacklew
    How about the bank side if sign offer letter already, is there will be any charges there?

  131. jacklew
    October 25th, 2012 at 09:36 | #131

    @ycktech, before i signed the offer letter, i did check with the banker for penalty of cancelling the booking. they told me no penalty as long as you haven’t sign the loan agreement.

  132. Ken
    October 26th, 2012 at 09:09 | #132

    I also plan to cancel my booking. Do we need to write any letter or just walk in to inform them?pls advice. Really disappointed with lone pine group….I cannot imagine how is pine residence quality if the sale at the beginning has caused so many problems to buyer

  133. Mr Disapointed
    October 28th, 2012 at 06:35 | #133

    @jacklew, any new coming up properties recommended? I decide to give up this and finding a new one with the price not higher than this if possible =)

  134. EL
    EL
    October 28th, 2012 at 14:34 | #134

    @ken .. In my case, I wrote in a letter for cancellation. Of which later they call us up to collect the cheque.

  135. jacklew
    October 29th, 2012 at 09:02 | #135

    @Ken, you need to write in and pls confirm with the sales person if there is any penalty charges before you pass the letter to him/her.

  136. jacklew
    October 29th, 2012 at 09:04 | #136

    @Mr Disappointed, you are looking for own stay or investment?

  137. Mr Disapointed
    October 29th, 2012 at 21:35 | #137

    @jacklew own stay for few years then sell it maybe after few years, not really sure, hehehex. as long as its worth the price, currently looking at boulevard condo, but the price is hiking OMG

  138. jacklew
    October 30th, 2012 at 09:33 | #138

    boulevard is not worth for the asking price now. Too high :-) suggest to hold back until after CNY 2013….

  139. frances
    October 30th, 2012 at 23:44 | #139

    very disappointed with this developer and this project….just email to cancel booking today…the lawyer and the developer keep pushing to sign snp, else they will automatically cancel by 31/10 with RM500 penalty. both of them “pakat” to force us out….damn it….i will never buy any property from Lone Pine Group or Geo Valley….how long it take to get back the cheque? they call us to collect at their office or how?

    by the way, if any of you have any good project for own stay and within the same area, do let me know…thanks

  140. Mr Disapointed
    November 1st, 2012 at 03:51 | #140

    @jacklew, how much consider high? 450k above? or 400k above?
    @frances same, aiksss !!!

  141. jacklew
    November 1st, 2012 at 10:06 | #141

    @Mrdisappointed, personally, i would say the reasonable price for me is RM 300-330 per sq.ft

  142. jacklew
    November 1st, 2012 at 10:11 | #142

    I would not spend more than RM 400k for a 1k sq.ft unit consider its location.

  143. Ken
    November 4th, 2012 at 11:55 | #143

    Hi guy, I have cancelled my unit at PR, after 1 week I still yet to receive the refund. Will they call up to collect the cheque or we personaly need to chase them? I called the sale person on Saturday, he did not pick up my call. Sigh….

  144. jacklew
    November 4th, 2012 at 13:41 | #144

    I received mine within 3 days. They will call u when the check is ready. Or else, u can call them to follow up.

  145. winnie
    November 6th, 2012 at 19:51 | #145

    MR ycktech I agree with your friend saying that car park additional have to put in SNP.
    I also one of owner of Block B for first batch buyer.Actually they can settle the car park.They dont want cos
    First,they want earn more money from car park.
    Second,they tried to made first batch buyer(especially Block B)to give up & new buyer with new prize then they earn more $$$$$$.

  146. jacklew
    November 7th, 2012 at 15:17 | #146

    @Winnie, have you signed the S & P??

  147. winnie
    November 18th, 2012 at 09:45 | #147

    Hi Jacklew, i hv signed S&P last month…..

  148. winnie
    November 18th, 2012 at 09:46 | #148

    Hi Jacklew, i hv signed S&P last month…..

    @jacklew

  149. CKS
    November 19th, 2012 at 10:17 | #149

    Hi all buyer and friends,
    I had visit the construction site yesterday and I found out the construction sign board show that the Pine Residence is only “medium cost apartment” why Goe Valley said its a condo?
    Before I found out this I was plan to pay my down payment to them, but now I need to re consider again…
    Can any buyer had already sign the S&P please share with me what is the title on this project, its “Medium cost apartment” or Condo???

    How come “medium cost apartment” sell at 600K++?? One of the Geo Valley project staff told me this is PENANG standard….

  150. Future PR
    November 19th, 2012 at 16:49 | #150

    @CKS
    from my understanding …condominium is the whole block and the unit inside the condo is called apartment….an apartment costing RM600K with 1600 sq ft which gives RM375 per sq ft is considered a mid range cost….isn’t that considered medium cost? You cannot categorize it as low cost, low medium cost or even luxury condo so ….it is a medium cost apartments…

  151. Ken
    November 19th, 2012 at 20:39 | #151

    @jacklew
    I have been waited for 3 weeks for my refund….it is really frustrating! the reason given by Lone Pine sale person is the money is in FD, they cannot withdraw money and return to me. Have to wait until month end only they can provide me the cheque. This is ridiculous. They are not supposed to earn any of the interest with my money. It is developer fault that forcing first batch BLOCK B buyer to cancel our deposit. Why don’t the developer pay us the interest? After I cancelled 3 weeks ago, they still refuse to return my deposit. This developer is really irresponsible and $$$$$ face. Advice other not to buy any property from Geo Valley or Lone Pine Group. they are good in cheating…..

  152. jacklew
    November 20th, 2012 at 16:33 | #152

    @Ken, regret to know your incident. i thought the cheque we give it to them is addressing to the lawyer firm?? The developer shall not collect the money until the S & P is signed by both parties. This is ridiculous for them to say the money is in FD….

  153. Kk
    December 8th, 2012 at 14:26 | #153

    those who had signed the s n p, good news to share. heard that there is an increase of price for this project. about 10 percent. pls confirm

  154. Happy Buyer
    December 18th, 2012 at 14:01 | #154

    I have a unit in blk A level 12 with view of Kek Lok Si interested to let go. Anyone interested?

  155. Happy Buyer
    December 18th, 2012 at 14:02 | #155

    was thinking of letting go at RM660k..

  156. buyer
    December 19th, 2012 at 11:00 | #156

    @Happy Buyer
    how to contact u?

  157. Happy Buyer
    December 26th, 2012 at 10:45 | #157

    @buyer
    pls drop me an email at paul_lim77@hotmail.com with your contact number and I will call you ASAP.

  158. Kenneth
    January 21st, 2013 at 13:11 | #158

    i got 1 unit for sale ,if interested contact me
    016-5216618

  159. Kenneth
    January 21st, 2013 at 13:33 | #159

    my unit high floor,2 car park,morning sun,corner unit……
    if interested contact me Kenneth 016-5216618 asap
    Thank you

  160. ZXuan
    ZXuan
    January 22nd, 2013 at 17:53 | #160

    any owner from block B get update for confirm 2nd car park from Geo Valley ?
    Keen to know the outcome since this issue was drag from last year.

  161. goo
    goo
    March 15th, 2013 at 19:00 | #161

    hi all, infront of the condo, there is an apartment which is 20+ stories , does it block the view of the units facing this apartment? according to the map, it faces the guardhouse of pine residences. anyone knows?

  162. Jason
    August 21st, 2013 at 13:42 | #162

    Anyone need any info about loan can drop me an email at jason.hor@myukg.com

  163. Violet
    December 8th, 2013 at 20:55 | #163

    Still have unit from developer ? Price ? Type ?

  164. ZXuan
    ZXuan
    April 3rd, 2014 at 14:36 | #164

    This room silent for quite sometimes, any owner to share some info ?

  165. stephy
    April 4th, 2014 at 11:18 | #165

    Kenneth :my unit high floor,2 car park,morning sun,corner unit……if interested contact me Kenneth 016-5216618 asapThank you

    @Jason

    How much?

  166. mk
    April 11th, 2015 at 17:49 | #166

    How much is the selling price now?

  167. Why L
    Why L
    April 15th, 2015 at 15:19 | #167

    Receive a letter from bank.
    knew already complete the parking lot.
    so that went to the office to check out my parking lot.
    Not all the unit parking lot is side by side. Please check out by yourself.
    “Feel like get cheated !” T.T

  168. Down&sad
    October 3rd, 2015 at 17:40 | #168

    I’m the owner. After viewing the show unit I’m feel like I’m paying condor price but getting low medium house!
    All the time i think Pine residence with this price and sf is consider cheap, BUT after viewing the show unit it actually much more expensive then those so call branded developer.
    please go view the show unit then u will understand my feeling.

  169. Down&sad
    October 3rd, 2015 at 17:42 | #169

    Go to view the show room @ZXuan

  170. Why L
    Why L
    October 23rd, 2015 at 17:59 | #170

    Down,

    After you view the show unit, is it the quality is not good ?
    i more interesting to know between the 2 block Pine residence unit,what is another block which is located on the left hand side of block B ?

  171. Bayan baru
    November 16th, 2015 at 21:07 | #171

    You may go to julita apartment n look at the structure of this building. I feel it might colapse 1day. Horrible developer!!!!!!!!!!!

  172. Syl
    March 13th, 2016 at 19:34 | #172

    Development is going on nicely for this project. I’m thinking of getting a unit for own stay, block A or Block B no preference I’m ok with both.

    I have viewed the show unit on the construction site, and its a relatively standard showroom, not too shabby, not overly grand, but certainly its not as what Down&Sad described and I quote “Low medium house”.

    I really don’t understand all the fuss here regarding this project.

  173. No
    March 13th, 2016 at 19:57 | #173

    @Syl
    Front block by others or hill view, back view with hill plus cemeteries. In fact no nice view at all.

  174. Syl
    March 15th, 2016 at 13:48 | #174

    Hi NO,

    What do you expect in Paya terubong or farlim area? Seaview? Of course buyers will have to understand the limits of its views before buying (either facing puncak terubong with every eyes on every level peeping through your shiny windows, or enjoy the breeze while facing the cemetery).

    I’m not an owner of this project, just stating what buyers should be prepared for before they purchase hastily.

    Some people are on a crusade to smear this project. I really don’t know why.

  175. No
    March 15th, 2016 at 15:02 | #175

    @Syl
    Front portion blocked by existing building and back by hilly terrain & cemetery, not right ?

  176. Syl
    March 15th, 2016 at 20:39 | #176

    @No

    Hello NO,

    Yes, but nothing to be complained about. If not interested, don’t buy.
    No need complain here.

    LOL.

  177. No
    March 16th, 2016 at 10:31 | #177

    Yes, l didn’t buy, does that stop me from stating my view for the ignorance buyers ?

  178. williamyl
    March 16th, 2016 at 17:40 | #178

    @No
    the fact your comment cant change the environment…….

  179. Syl
    March 18th, 2016 at 00:28 | #179

    @No
    I think buyers are matured enough to judge by their own. Reserve the critics to yourself, captain obvious.

  180. No
    March 18th, 2016 at 10:06 | #180

    @williamyl
    I can’t change the environment but I can the buyer preferences.

  181. No
    March 18th, 2016 at 13:59 | #181

    @williamyl
    I can’t change the environment but I can change buyers’ preference.

  182. Syl
    March 18th, 2016 at 23:18 | #182

    @No

    Why would you even want to do that? Might as well hold some cardboards and stand outside the developer’s office!

  183. No
    March 19th, 2016 at 14:01 | #183

    @Syl
    Holding some cardboards and standing in front of developer office, I will leave it to you! !!!!!!

  184. Syl
    March 19th, 2016 at 23:09 | #184

    @No

    This guy right here is a joke, the embodiment of everything wrong with society these days.
    Not an owner, but still trying to smear housing projects and “change buyer’s preference” from behind a screen.

    An angry little keyboard warrior, you are.

  185. No
    March 20th, 2016 at 15:45 | #185

    @Syl
    Many see it as informative and “saviour” in choosing their respective choice.
    You see it as a joke because you have the intention to mislead.

  186. Syl
    March 20th, 2016 at 23:04 | #186

    @No

    Oh good Lord… Whatever man.

    I wish you the very best of luck in your life.

  187. sophietay
    April 7th, 2016 at 11:33 | #187

    I am interested to buy a unit at Pine Residence for own stay with cheapest price. Please contact me. No agent please. sophietay@hotmail.com

  188. Syl
    May 6th, 2016 at 20:08 | #188

    Anyone created the Pine Residence owners group in Facebook or Whatsapp?

  189. Syl
    May 17th, 2016 at 17:38 | #189

    Steadily heading to completion! The building looking really good!

  190. @@
    June 15th, 2016 at 12:26 | #190

    @Syl
    Hi Syl

    This is free country everyone got right to talk and comment.
    Even “No” is not the buyer he or she can comment, this is his/her right.

    If the project really good I think you wont see any bad comment here. 80% in this topic is negative.

    You are the project owner? :)

  191. Syl
    June 16th, 2016 at 00:13 | #191
  192. ZX_ZY
    June 16th, 2016 at 22:35 | #192

    i think for those ppl who use to stay in paya terubong, if planning upgrade to better bigger house from small apartment, Pine Residnece is not a bad choice.
    at least can’t find any better then it

  193. williamyl
    June 17th, 2016 at 08:10 | #193

    @ZX_ZY
    totally agree……
    its like lotus in that area……

  194. ToroToroChan
    June 20th, 2016 at 17:09 | #194

    just passed by and saw this 2 towers… not bad… looks nice in fact… the going price for subsales is averaging at rm640k-720k… really good for paya terubong folks who are looking for an upgrade….

  195. HSLee
    July 24th, 2016 at 19:03 | #195

    Hello there.

    Anybody looking to sell? I’m looking for a unit for own family stay. We went to the developer office and they only left very limited units (only the last 5 or 6 units left I believe).

    Seems like very few people want to let go here as property websites and agents have very limited choices for me too.

    If anybody have a nice unit wanting to let go, please let me know.

    Thanks.
    HS Lee

  196. Yenyen
    August 24th, 2016 at 16:17 | #196

    I read through some of the earlier comments here. I’m one of the owner in this project. Visited the construction site just 2 days ago. Walked around outside the project and it’s looking very nice indeed. About 85% completion and I cnt wait to get take the keys. I’m really satisfied with my purchase, for me, my kids and my family own stay. To those who blew negative trumpets about this project, shame on you for spreading malicious lies. To those who have bought it, congrats for owning a good home.

  197. Mainland4u
    August 25th, 2016 at 09:05 | #197

    @@ :
    @Syl
    Hi Syl
    This is free country everyone got right to talk and comment.
    Even “No” is not the buyer he or she can comment, this is his/her right.
    If the project really good I think you wont see any bad comment here. 80% in this topic is negative.
    You are the project owner?

    So you are admitting that you are not a buyer but just to “comment” and flame this project?

  198. Alberttan
    August 28th, 2016 at 23:51 | #198

    This best project specifically for those looking to upgrade in air itam farlim Paya Terubong area. Minimum 1533 sqf up to 1673 sqf, equip with all standard condo utility. I’m owner of unit in block A. No regret with this purchase. Cheers!!!

  199. Richard
    August 30th, 2016 at 10:59 | #199

    I’m owner of one of unit. Very satisfied on this project. Now a day where can get this price and sqf in Penang? Somemore Sunway shopping mall will opening soon in Paya Terubong area. Those who let go will regret.

  200. Mi
    August 31st, 2016 at 16:24 | #200

    HSLee :
    Hello there.
    Anybody looking to sell? I’m looking for a unit for own family stay. We went to the developer office and they only left very limited units (only the last 5 or 6 units left I believe).
    Seems like very few people want to let go here as property websites and agents have very limited choices for me too.
    If anybody have a nice unit wanting to let go, please let me know.
    Thanks.
    HS Lee

    try searching around for mudah or propertyguru. choices are limited because not much let go here due to mostly buy for own stay (this not speculator area). i also hunting for 1 unit myself, but so far prices for this project is still rocksolid maintaining around 680k++ !! A few agent also tell me it’s hard to find bargain in this project and not much owners contact them to let go.

    Goodluck brother.!!!!

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