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Straits Garden Condominium

July 4th, 2012 Leave a comment

Straits Garden Condominium, the second block of Straits Garden comprises condominium unit with size ranging from 1,302 sq.ft. – 1,345 sq.ft. Ultimate privacy with 4 units per floor and semi-detached concept. It comes with infinity pool, wellness corner, indoor & outdoor gym and skyview corner.

First block of Straits Garden comprises fully-furnished commercial suites.

Property Project : Straits Garden Condominium
Location : Jelutong, Penang
Property Type : Condominium/Apartment
Total Units: 183 (Block B – Condo)
Developer : Tambun Indah

Categories: Jelutong Tags:
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  1. Ah Dog
    July 4th, 2012 at 13:05 | #1

    What is the price?

  2. Ah Dog
    July 4th, 2012 at 13:06 | #2

    In fact, still can’t believe the said RM550psf…

  3. Paranormal
    July 4th, 2012 at 13:12 | #3

    The units will face Indah Water treatment plant? Can hear the noise of the pump? When the water being pump, will the bad smell goes to this Condo? Will it very noisy too from both busy road (Coastal highway and Jln Jelutong)?

  4. YS Ang
    July 4th, 2012 at 13:54 | #4

    now start for registration and choose unit but down payment RM5000
    RM528 psf

  5. cl
    July 4th, 2012 at 14:15 | #5

    No cheap. Around 680k then with 528 psf.

  6. any
    July 4th, 2012 at 14:44 | #6

    wah so expensive, have to put under stake holder somemore, sure plan havent approve

  7. Niko
    July 4th, 2012 at 17:25 | #7

    Anyone who plans to book a unit should tatoo on his/her forehead…

    “I AM A STRAITS GARDEN IDIOT”

  8. Paranormal
    July 4th, 2012 at 22:40 | #8

    The building design look like the nearby low cost flat….they are many LMC at that area, this one look alike.

  9. Paranormal
    July 4th, 2012 at 22:42 | #9

    @Niko
    Why you say idiot? May be the price after completed become RM700psf? Then you may tatoo:- ‘I AM AN IDIOT MISSED STRAITS GARDEN’

  10. John Chor
    July 4th, 2012 at 22:47 | #10

    We need more developer like this, can help to goreng the price up and up again, then only can see Penang property more vibrant, the price appreciate now is too slow, compare to Singapore and Hong Kong. Looking forwads to see the new Penang condo launch with cheapest price from RM600psf onwards.

  11. John Chor
    July 4th, 2012 at 22:48 | #11

    Even Teluk Kumbar Condo now only at RM330psf, too cheap for those expatriate and foreign buyers.

  12. Crystal Ball
    July 5th, 2012 at 09:46 | #12

    @John Chor
    Yes, John Chor you are so brilliant. By the way, are you a penangite?

  13. Janelle
    July 5th, 2012 at 10:27 | #13

    ya i also feel that John Chor is too brilliant. goreng till like siao lang liao sumore 1 goreng.. then the poor 1 have to slp at jalan d…

  14. John Chor
    July 5th, 2012 at 10:55 | #14

    The poor one has government to build affortable house for them. They deserved it.

  15. tata
    July 5th, 2012 at 12:56 | #15

    goreng until char hoey tah!

  16. Samantha
    July 5th, 2012 at 13:55 | #16

    I dont understand you folks. If the price is crazy, then just dont buy it. Let them goreng. Let the market forces takes its own course.

    Is like i’m selling pisang goreng for RM10 dollars and you ppl complain complain complain. Just walk away, okie? You can stand next to my stall complaining for days/months/years but what if i still insist to sell my pisang goreng for RM10 even though no customer. I still survive and now sit back and looking at you funny ppl complaining and it actually entertained my day. If that is your intention, then be it.

    Pls, for whoever sake, just walk away if this is not you preferred and if you are seriously looking for something that can fit your preference and budget.

  17. John Chor
    July 5th, 2012 at 13:57 | #17

    @Crystal Ball
    I am a penangite. And as usual, don’t want to see the house price increase so much, but, if we still expect the price still keep stagnant, so, what is the implication to our economy? Singapore and Hong Kong for eg. their property price increase at the rate of 5x compare to Penang (& Klang Valley), so, our property price still have plenty of room to appreciate while giving a lot of opportunity for foreigners to buy.

  18. John Chor
    July 5th, 2012 at 14:03 | #18

    @Samantha
    Yes, if you sell at RM10 today, still has customer like ang mo kao (foreigners) or the richers to buy, still making money. Next year you will sell at RM12, which is normal as only 20% increase due to inflation, ppl still buy as living cost is increasing.

  19. John Chor
    July 5th, 2012 at 14:07 | #19

    For those low incomes, it is our administration’s job to build more affortable house and LMC, like 7500 LMC units at Batu Kawan at RM75k (~650sf); Setia Vista at Relau at RM42k (~500sf), and etc. The only worst thing i an see is to Goreng LMC like those at Jelutong from RM75k to RM165k (you know where i mean la), and Halaman Kenanga by PDC also got goreng till over RM100k. This is what we mean goreng that resulted in very bad impact to those lower income populations. For other property that in middle to high class, what’s a big deal of ‘goreng’?

  20. John Chor
    July 5th, 2012 at 14:14 | #20

    E.g. PDC Flats at Lebuh Macallum was RM50k in 1980th; now is at about RM70k, so, it is still the same and no factors of ‘goreng’. As they are belong to the lower income folks. We want to see the trend like this, LMC for ‘budget’ income ppl. While we can’t see any other propety still keep stagnant in price to indicates our economy stagnant. A 1000sf Condo at Gurney Drive cost RM250k in year 1999, now at RM650k, this is normal; Do you still think it should at ~RM300k range? If yes then we’re in trouble.

  21. Ah Dog
    July 5th, 2012 at 14:44 | #21

    Haha, i can’t keep on saying a luxury condominium with RM2mil is expensive for me while my income is at RM3000 per month. So, i go for LMC at 100k or middle class appartment with 250k. THE MOST IMPORTANT THING, don’t speculate LMC and affortable home for the poor, PLEASE. Give chance to those poors to own a house with affortable price. Like What Singapore government is doing very well on this for the lower income to own house.

  22. Ah Dog
    July 5th, 2012 at 14:47 | #22

    As long as there are enough LMC at ~RM50,000 range, and affortable house below RM300,000, then overall property market will be healthy, even the price for condo with 1000sf climb up till RM1mil.

  23. tata
    July 5th, 2012 at 15:14 | #23

    you all must be dreaming! even LMC can reach 2xxk today, who cares? people still buying like crazy.

    – Waiting for approval/get LMC house from state government takes more than 2-3 years = only can get LMC house

    or

    – buy ANY property in penang takes 2-3 years = profit

    or

    – some LMC selling at 1xx – 2xx k and in 2-3 years = profit

    as a conclusion, the state government cant even help, they just wan to switch all the low-middle income group to batu kawan. BUT THEY CAN SELL RECLAIM LAND TO IVORY FOR LUXURY PROJECT. THE STATE GOVERNMENT CANNOT EVEN USE THE RECLAIM LAND TO BUILD AFFORDABLE HOUSES than saying “No land” in Penang?

  24. Samantha
    July 5th, 2012 at 15:39 | #24

    @tata
    how to sustain the LMC project if the gov build LMC on reclaim land?
    In fact, reclaim land usually fronting sea….so how practical or how many more areas in the island that allows you to do that?

    Please think properly lar….

    They can have mixed development to include LMC but not all LMC concentrate and build on reclaim land.

  25. Pen
    July 5th, 2012 at 15:40 | #25

    @Ah Dog
    Wrong mentality. Why do we have to push down the house price to suit for average citizen current income range. 1000sf condo with 1mil price tag is also healthy if our average earning is RM10k. I am wondering how the banyak nonsense gamen can help us to get there.

    The problem is not with the property price, its our salary/income.

  26. YS Ang
    July 5th, 2012 at 15:41 | #26

    please back to topic and discuss about Straits Garden project
    don’t bring any politician to here
    if wan politician go others forum

  27. tata
    July 5th, 2012 at 15:45 | #27

    Samantha :
    @tata
    how to sustain the LMC project if the gov build LMC on reclaim land?
    In fact, reclaim land usually fronting sea….so how practical or how many more areas in the island that allows you to do that?
    Please think properly lar….
    They can have mixed development to include LMC but not all LMC concentrate and build on reclaim land.

    you mean low-middle income people do not deserve seafront projects?

  28. wbk
    wbk
    July 5th, 2012 at 17:12 | #28

    @tata

    Use common sense abit lar…. hehe…

  29. tata
    July 5th, 2012 at 17:31 | #29

    @wbk

    what do you mean by common sense? then u talk some sense lor

  30. JOSE
    July 5th, 2012 at 17:54 | #30

    Let’s talk straight on Straits Garden Condo (SGC).

    SGC CONDOS ARE FREAKING OVER PRICED!

    SG SUITES ARE EVEN WORSE, THEY ARE NOT CONDOS, THEY ARE TINY COMMERCIAL TITLE SUITES!

  31. KTM Here
    July 5th, 2012 at 18:09 | #31

    sure can make money one, no matter how much. If over price, mean will take longer time to have return. Just buy laa …..

  32. Judge Bao
    July 5th, 2012 at 21:27 | #32

    bubble bubble

    雪蘭莪‧八打靈再也5日訊)房地產投資者俱樂部主席鄭水興指出,二手房地產市場將於未來兩個月內陷入困境,而且若政府在9月即將宣佈的財政預算案未有帶來好消息,二手房市可能會在明年農曆新年期間崩潰。

    他說,由於歐洲的經濟市場不明朗,再加嚴格的房貸條件,銀行的估價也過於保守及苛刻,造成二手房交易陷入困境。

    他週四召開記者會,促請政府務必關注二手房即將面臨的嚴竣問題。

    “7月至8月的情況更會加劇,我國準備迎接齋戒月及開齋節,華裔則有中元節;投資者也等待政府於9月的財政預算案捎來好消息,再加上政府或許會隨時宣佈大選,以致投資者在這段期間靜觀其變,這些因素都造成二手房地產市場陷入淡季。”

  33. wbk
    wbk
    July 5th, 2012 at 22:14 | #33

    tata :
    @wbk
    what do you mean by common sense? then u talk some sense lor

    The question that you asked lar… Hehe..

  34. Samantha
    July 5th, 2012 at 23:12 | #34

    tata :

    Samantha :
    @tata
    how to sustain the LMC project if the gov build LMC on reclaim land?
    In fact, reclaim land usually fronting sea….so how practical or how many more areas in the island that allows you to do that?
    Please think properly lar….
    They can have mixed development to include LMC but not all LMC concentrate and build on reclaim land.

    you mean low-middle income people do not deserve seafront projects?

    they deserve everything. it just that the developers or government will have MIXED development that will include limited LMC units in their project. Government must regulate this.

    Please look at wider and think logically. If you are the developers, will you choose to build LMC in seafronting project? With the government regulation, they at least are forced to build LMC in certain %. But this is rarely happen and if it happens, it will be gone before launching.

    So, the problem is speculating that i think we need to tackle. 1st time owners are always given priority. LMC housing should be locked for 10 years or more and not allow to be sold to other ppl except your spouses or close families. This is just some rough idea. not sure how practical.

    Then, selling land to big property developer, we do not know what is in return that the state goverment benefit. If they are smart, they should sell it as lease hold and ask for certain land parcel to be developed for LMC. It may be a dream wish, but at least it benefits the low-income population.

  35. Ah Dog
    July 6th, 2012 at 00:17 | #35

    @tata
    Haha, Macallum area got a lot of LMC, they all enjoy the seafont view with nice breeze, like what Summer Place condo or the light linear has.

  36. Ah Dog
    July 6th, 2012 at 00:22 | #36

    @Samantha
    Yeah! Very stringent law need to be set on LMC and the coming so called affortable houses for low/middle income, ONLY FOR FIRST TIME BUYER! and need to lock for no resell in 10 years, and can’t rent out (need to do more audit to fine those rent out house), and etc. The government need to do more on the housing for low/middle income.

  37. Ah Dog
    July 6th, 2012 at 00:25 | #37

    @Judge Bao
    Please la, see a lot this kind of news even in 2 years ago, while you keep on showing this kind of repeated news, the house price is still increasing. So, wait long long la, now you see a condo 1000sf with RM500k, after next year, you will see the exactly same unit (but old a bit) sell at RM650k in year 2014.

  38. Mr Tan
    July 6th, 2012 at 10:20 | #38

    @Samantha

    Samantha, like ah Dog said, macallum apartments are having seaview too and reclaim land, so what’s the problem? the government should instead selling the land away for developers, but reclaim the land themselves and build LMC houses or landed houses.

    Thats as if the government wants to help the Rakyat

  39. wbk
    wbk
    July 6th, 2012 at 10:52 | #39

    @Mr Tan

    As long as it makes economic sense… we don’t want gamen that make policies that does not make sense…

    Make sense? hehe…

  40. Samantha
    July 6th, 2012 at 10:58 | #40

    @Mr Tan
    Mr. Tan, agree with you on the maccallum apartments. That is totally right. Think of it, where else in Penang island can reclaim the land and build JUST LMC? Then another point, you also would not like to cluster all LMC in just ONE location. You can see PDC start building LMC flats around recently. I noticed a flat by PDC right at the T-junction at the lip-sin area if you are coming down from the Equatorial hotel hill road.

    What government must do is REGULATE the industry. They are policy makers. They should not DIRECTLY interfere in reclaiming land and then build hse and then sell it. Makes no sense. They can partner with private developers by tender but request them to provide certain % into the LMC development. That is a WIN-WIN solution.

  41. tata
    July 6th, 2012 at 11:40 | #41

    @Samantha

    Samantha, the state government complains about scarce of land in Penang but they can just sell the piece of bayan mutiara land to developer to make way for luxury projects without building any LMC apartments. Is this something you called Regulate the industry?

    Government from foreign countries PURCHASES land from land owner to develop LMC apartment and affordable house for their people but not selling away the piece of reclaimation land for NO-solution

    Where else in Penang can just reclaim the land just to build LMC? just like Maccalum (yes they did) and there’s no reason for the government NOT to do the same for the Bayan Mutiara Land

  42. wbk
    wbk
    July 6th, 2012 at 13:53 | #42

    @tata

    Walau…. you want gamen to give up Bayan Mutiara prime land to build low cost? you tot gamen print money one ah? Even really rich also not wasting money like that lar… will become begger next life one lor… that’s called not making sense lar… hehe…

    Since you said foreign countries PURCHASES prime seafront land to build low cost… doubt it until you prove it lor… hehe…

  43. Chuah
    July 6th, 2012 at 14:09 | #43

    @wbk
    Ya lo. Reclaim already spent a lot. Some more build LMC with low return? Just wonder who willing to do this kind of business. As far as i know, none in Penang yet.

  44. tata
    July 6th, 2012 at 14:14 | #44

    this is not about business, this is about helping the rakyat

    if government wants to help the rakyat means there will be no profit involved

    wbk,
    gamen can spend money to reclaim to build macallum, why cannot build bayan mutiara?
    what are the difference? because bayan mutiara more expensive?

  45. wbk
    wbk
    July 6th, 2012 at 14:49 | #45

    @tata

    Helping Rakyay ada cara lain nya… you know RM5billion can build how many things or not? Monorel, highway, parks, cleaning river, etc. etc… lar… you really want to use all these to exchange with your few blocks of low cost meh? hehe…

    But hor, you bla bla bla but still yet to give me which countries do that ler… hehe…

  46. apalalu
    July 6th, 2012 at 15:16 | #46

    hi tata
    if all LMC build in beside the sea, i cannot imagine how will Penang image look like.
    haha

  47. tata
    July 6th, 2012 at 15:17 | #47

    @wbk

    dude, the land cost is only 280 per sq ft = 8xxmil

    ada 5billion? the state government untung 5mil ah?

    with 41ha, you can move all the batu kawan houses to bayan mutiara,

    instead of moving people to mainland

  48. tata
    July 6th, 2012 at 15:18 | #48

    apalalu,

    if you cannot jaga the people in Penang (all no house), ur image will already ruined

    macallum stands for more than 10 years, does that affect the image?

  49. apalalu
    July 6th, 2012 at 15:22 | #49

    tata,
    of cause we need to jaga people, but at the same time we cannot prevent development.
    We need to accept the fact. This world is not fair…

  50. tata
    July 6th, 2012 at 15:23 | #50

    apalalu,

    ya, and all the government saying to help people to get house is all crap?

    means the state is lying?

  51. apalalu
    July 6th, 2012 at 15:26 | #51

    tata,
    If you think state is lying to you, please vote them out.
    We are democratic country.

  52. wbk
    wbk
    July 6th, 2012 at 15:27 | #52

    @tata

    you talk talk talk talk in the end still want the piece of seafront prime land for non-productive purpose lar… sounded very familiar… hehe…

    if you are a candidate for the GE13, I sure won’t vote for your lor… really below expectation lar with the way you minimize the economic effect…. really go backward lor like that… hehe…

  53. People
    July 6th, 2012 at 16:08 | #53

    tata :
    this is not about business, this is about helping the rakyat
    if government wants to help the rakyat means there will be no profit involved
    wbk,
    gamen can spend money to reclaim to build macallum, why cannot build bayan mutiara?
    what are the difference? because bayan mutiara more expensive?

    If not mistaken, all those LMCs were built by IJM, land reclaimed by IJM, Jelutong Express build by IJM, in return, IJM get reclaim rights on “The Light”……

    FYI, LMC cost without land & infrastructure is RM90k to RM120k per unit, now selling RM70k, u think the government print money meh. That’s why they sell the Bayan Mutiara land to Ivory, get the money to build LMC ma…..

    If not sell the land, penang property prices will go up, as the state government only primary income is from assessment, lease collected from factories and contributions on new development, so in return, developer have to pay more, housing cost higher, and still lack of affordable housing.

  54. Chuah
    July 6th, 2012 at 16:08 | #54

    @wbk
    Totally agreed with you. His/Her mindset is going backward.

  55. Samantha
    July 6th, 2012 at 16:11 | #55

    @tata
    Government cannot change overnite and provide you a piece of land fronting seafront for LMC. As other have said, this is not practical economically and it will put a huge burden to the state financial.

    There are many ways to help rakyat. For housing, there is already a program in place, it may or may not cover all but thats a 1st step moving forward. I am not expert in economy, but i see that the government is pulling in FDI to provide more jobs and better paying jobs. Is that not called ‘jaga’ the rakyat by providing job oppurtunities?

  56. tata
    July 6th, 2012 at 16:12 | #56

    wbk, we’re just thinking logically, im telling you facts

    and im not answering to all your non-facts, what candidate or whatever minimize the economic effect.

    if macallum is not developed, you called it a prime land too right?

    so why cant the state do the same instead of selling it away’?

  57. tata
    July 6th, 2012 at 16:16 | #57

    There’s always “Allocation fund for LMC houses = Probably 2-3B”

    Instead of selling away the land , they should consider putting effort on it.

    42ha is like 100 acre, 100x 78 = 7,800 houses = RM585,000,000 if each selling at 75k! without all the renovation package and the car park

    if you are talking about what government print money or whatever is bull crap

    all of us knows 2 main problems in Penang

    1) not enough house
    2) traffic jam

    why does the government focusing on giving all those idiotic ceramah and did all those rubbish stuffs which is not beneficial to the rakyat instead of building LMC?

  58. People
    July 6th, 2012 at 16:18 | #58

    tata :
    wbk, we’re just thinking logically, im telling you facts
    and im not answering to all your non-facts, what candidate or whatever minimize the economic effect.
    if macallum is not developed, you called it a prime land too right?
    so why cant the state do the same instead of selling it away’?

    Because when they build this LMCs, apartment was only selling Rm150k to Rm200k, LMC cost RM50k, now apartment 400k to 600k, LMC 70k, u see the different?

    And is a package for building the express way.

  59. People
    July 6th, 2012 at 16:22 | #59

    1. most of the land needed to be reclaimed, at RM100 psf, 100 acre @ say 70%, to reclaim alone need 300 mil.
    2. Can sell RM585 mil, one unit loss, say RM30k @ 7800 units = 234 mil

    So total loss = RM234mil + RM300 mil = RM534mil

    Where got money?

  60. People
    July 6th, 2012 at 16:23 | #60

    Sorry to add in, u think everyone love to live in LMC, to me, creates more high income jobs is more important…..

  61. wbk
    wbk
    July 6th, 2012 at 16:27 | #61

    tata :wbk, we’re just thinking logically, im telling you facts
    and im not answering to all your non-facts, what candidate or whatever minimize the economic effect.
    if macallum is not developed, you called it a prime land too right?
    so why cant the state do the same instead of selling it away’?

    Wah… like that you also said logic ah? Macallum is Gerakan time one is it? Wah… like that must proud it out loud lar… What is the huge economic effect the Macallum give ler?

    But hor…. dun fall prey to Gerakan punya rubbish lar…. their thinking not logic one…like children… worst is still think Rakyat are anak-anak kecil also… hehe…

  62. wbk
    wbk
    July 6th, 2012 at 16:30 | #62

    tata :There’s always “Allocation fund for LMC houses = Probably 2-3B”
    Instead of selling away the land , they should consider putting effort on it.
    42ha is like 100 acre, 100x 78 = 7,800 houses = RM585,000,000 if each selling at 75k! without all the renovation package and the car park
    if you are talking about what government print money or whatever is bull crap
    all of us knows 2 main problems in Penang
    1) not enough house2) traffic jam
    why does the government focusing on giving all those idiotic ceramah and did all those rubbish stuffs which is not beneficial to the rakyat instead of building LMC?

    How much do you think we need to fork out to build that 7800 units of low cost leh? but no economic benefit one wor…

  63. lina
    July 6th, 2012 at 16:43 | #63

    @People

    Agree 100%

  64. tata
    July 6th, 2012 at 16:52 | #64

    WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.

    Macallum gives 1000 units and provides 1000 household house

  65. wbk
    wbk
    July 6th, 2012 at 17:02 | #65

    tata :WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
    Macallum gives 1000 units and provides 1000 household house

    Walau… need to spend so much duit rakyat for non-productive low cost flat?.. our neighbour might be laughing at us lar with policy makers that are shiok sendiri like that… hehe…

    Still dun know why you like low cost flat so much… strange… hmmmm

  66. People
    July 6th, 2012 at 17:06 | #66

    tata :
    WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
    Macallum gives 1000 units and provides 1000 household house

    QS from where? If RM35k, include infra & lift? 1 lift = RM300k if 30 floor every floor 20 units, need 4 lifts.

    If got 35k, introduce the QS & contractor to me, thanks.

  67. People
    July 6th, 2012 at 17:07 | #67

    wbk :

    tata :WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
    Macallum gives 1000 units and provides 1000 household house

    Walau… need to spend so much duit rakyat for non-productive low cost flat?.. our neighbour might be laughing at us lar with policy makers that are shiok sendiri like that… hehe…
    Still dun know why you like low cost flat so much… strange… hmmmm

    Can flip from 75k to 150k?

  68. Mr Lim
    July 6th, 2012 at 17:11 | #68

    wbk :

    tata :WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
    Macallum gives 1000 units and provides 1000 household house

    Walau… need to spend so much duit rakyat for non-productive low cost flat?.. our neighbour might be laughing at us lar with policy makers that are shiok sendiri like that… hehe…
    Still dun know why you like low cost flat so much… strange… hmmmm

    think theoretically ok? hve u ever been to any YB service centre in Penang? try to linger for 2 hours and see what are the rakyat’s problem

    queuing up for numbers just to see the YB for what?
    90% to fill in PN1 form to ask for house

    if you ever do that, visit all YB’s service centre, listen to people’s problem, then only you talk about policy maker.

    Learn to understand what people wants

  69. Mr Lim
    July 6th, 2012 at 17:12 | #69

    People :

    tata :
    WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
    Macallum gives 1000 units and provides 1000 household house

    QS from where? If RM35k, include infra & lift? 1 lift = RM300k if 30 floor every floor 20 units, need 4 lifts.
    If got 35k, introduce the QS & contractor to me, thanks.

    i mentioned the cost of UNIT is 35K

  70. MVP
    July 6th, 2012 at 17:19 | #70

    @tata
    Banned all property forum so forumer cannot goreng.
    Sure can help rakyat.

  71. wbk
    wbk
    July 6th, 2012 at 17:20 | #71

    @Mr Lim

    Ya ya ya… i focus on Bayan Muatiria low cost issue now… later will talk to you on other rakyat issue… ok bro? hehe…

  72. People
    July 6th, 2012 at 17:22 | #72

    Mr Lim :

    People :

    tata :
    WBK, according to QS, the costing to build 1 unit of LMC is not more than 35k per unit.
    Macallum gives 1000 units and provides 1000 household house

    QS from where? If RM35k, include infra & lift? 1 lift = RM300k if 30 floor every floor 20 units, need 4 lifts.
    If got 35k, introduce the QS & contractor to me, thanks.

    i mentioned the cost of UNIT is 35K

    Then introduce the contractor to me, i want to build also, RM35k cost, can sell RM75k…..

  73. Fishy
    July 6th, 2012 at 18:21 | #73

    Still can find lots of property in Penang Island under 100K, go mudah, click for sale, set the max value to 100K
    http://www.mudah.my/li?fs=1&ca=3_s&th=1&q=&cg=2020&w=103&st=s&ps=0&pe=1&ros=&roe=&ss=&se=&title=&otherInfo=

  74. joeyoung
    joeyoung
    July 6th, 2012 at 18:56 | #74

    @Fishy
    They wanted sub 100k facing seaside meh. Where to find.

    Also please comment, is present the State Goverment getting adequate funding from Federal unlike seedless durian goverment time?

  75. Ah Dog
    July 6th, 2012 at 19:18 | #75

    After seeing many comments about Bayan Mutiara should have LMC, btw, this shouldn’t be done. PWC at Bayan Mutiara, The Light, Southbay, etc…shouldn’t incoporate LMC. This will bring down the image and the value of the ‘high class township’ developement. But, the area that near to garbage landfill should build more high rise and high dense LMC, copy the idea from Hong Kong, and accomodate more low incomes. Great location as near to high way.

  76. tata
    July 7th, 2012 at 09:28 | #76

    the state sacrificed 41ha of land make way for luxury projects instead of building on their own.

    the state allows the developer to get away without building any LMC houses on that piece of land.

    so where is the so called transparency?

  77. wbk
    wbk
    July 7th, 2012 at 12:44 | #77

    @tata

    sell the land, take the money, build monorel, build toll free highway, cleaning and greening the state, build more parks, build more recreational gardens, revive the heritage, grow the economy, so much possibility yet so little time… hehe…

    sure much better than building few blocks of low cost at the prime land lor… you really tot everyone like you meh…love to stay at low cost flat like that? hehe

    really difficult to understand what kind of mentality is that lor.. hehe

  78. tata
    July 9th, 2012 at 11:10 | #78

    wbk :
    @tata
    sell the land, take the money, build monorel, build toll free highway, cleaning and greening the state, build more parks, build more recreational gardens, revive the heritage, grow the economy, so much possibility yet so little time… hehe…
    sure much better than building few blocks of low cost at the prime land lor… you really tot everyone like you meh…love to stay at low cost flat like that? hehe
    really difficult to understand what kind of mentality is that lor.. hehe

    If people do not want to stay at low cost/low medium cost flat? Why do people apply for that?

    If you observe like i abovementioned, try to visit any YB service center which is more than 50 people applying for houses each time I visit, if you haven’t been to any of them then you are not fit to say “You really tot everyone like you meh, love to stay at low cost flat like that?”

    this is an ugly truth, 2 main needs in Penang ,
    1st) lacking of affordable houses
    2nd)traffic is the problem (without denying KL and other places is worse, but this is a problem which the state has to solve)

    not everyone in Penang is as “rich” as you, can afford atleast condo, probably bungalow and well, thats you.

    have you ever seen 2 families squeeze in a low cost flat which 5-6 childrens sharing a room?

    so you have to experience that to understand what kind of mentality is that

  79. wbk
    wbk
    July 9th, 2012 at 11:50 | #79

    @tata

    Wah… how come you can be so “predictable” one? hehe…

    But hor… I feel blessed and work hard to earn my own house one lar… no crony here and there one lor…

    Please ask urself why until now still so many families need to squeeze in low cost flat lor… still got 8 years to reach 2020 wor… i think the 2020 is really smog screen lar… talk only one lar… if not where got poor people???

    I think no matter wat you still want Bayan Muatiara turned into low cost one lar… to bring down the economic effect of the queensbay area one lor… remember also lar… the Gold Coast, D’residence, Putra Place, Putra Marine, Baystar etc. people still against you one lar… hehe…

  80. ZAKARIYYA
    July 9th, 2012 at 13:28 | #80

    this is an ugly truth, 2 main needs in Penang,
    1st) lacking of affordable houses
    2nd) traffic is the problem (without denying KL and other places is worse, but this is a problem which the state has to solve)
    I agreed with you.

    CSL vs. LGE Debate about affordable home for less affordable rakyat; I think it is very important to reduce social-economic gap among rakyat.

    @tata

    @tata

  81. tata
    July 9th, 2012 at 14:58 | #81

    @wbk

    you forgot villa emas is there too? villa emas is also LMC right?

    @ZAKARIYYA

    Yeah i heard lim guan eng build 3,000 houses in penang from 2008 to 2010

  82. wbk
    wbk
    July 9th, 2012 at 15:27 | #82

    @ZAKARIYYA

    Memang betui … should learn abit from South Korea and Singapore lor… only the best mind should be allowed to run the country maa… hehe…

  83. wbk
    wbk
    July 9th, 2012 at 15:30 | #83

    @tata

    okayyyyy… villa emas and summerton folks sure also hantam them kuat-kuat one lar if someone propose to build low cost there…. hehe…

  84. tata
    July 9th, 2012 at 16:07 | #84

    wbk, what i meant is, villa emas itself is a low-medium cost apartment.

  85. wbk
    wbk
    July 9th, 2012 at 16:29 | #85

    OMG… Villa Emas is LMC built by gamen? You joking or wat? Asking price from RM320k wor… got big swimming pool somemore….which part of it look like LMC? hehe…

  86. Ah Dog
    July 9th, 2012 at 18:18 | #86

    @wbk
    Villa emas is not LMC, but middle class apartment, and now, also at ~RM350k for 1cp unit and ~RM380k for 2cp. It is not cheap as the price is at ~RM410 psf. The price stop increase for more than a year, and may going down if ‘terrible’ thing happen to it once Summerton is built (view blocked, cracks due to impact from Summerton, etc.)

  87. Ah Dog
    July 9th, 2012 at 18:20 | #87

    @wbk
    No way to build any LMC at Bayan Mutiara and QB. Yes, they will fcuk you kuat kuat without lotion, if any LMC proposed there.

  88. Ah Dog
    July 9th, 2012 at 18:22 | #88

    @ZAKARIYYA
    Reduce gap? How to reduce? Like giant country China also not able to do that. Rich become richer, while poor become poorer, and for the lazy population, there is no way for them to become rich, so, just ask and wait for government for help. This is not a Robinhood generation.

  89. Ah Dog
    July 9th, 2012 at 18:25 | #89

    In my opinion, more high dense LMC should be built at the Penang Waterfront, next to The Spring Condo area, they should turn the existing garbage landfill into green park, for those LMC residense.

  90. ZAKARIYYA
    July 9th, 2012 at 18:48 | #90

    @Ah Dog
    Mesti ada jalan keluar maa,

    like WBK said,

    @wbk

    We need real and sincere leader, not corrupted leaders.
    The leaders should think and solve the problems, not the business-developers.

  91. wbk
    wbk
    July 9th, 2012 at 19:24 | #91

    @ZAKARIYYA

    Oh… so simple one ah? Sincere and not corrupted, and must be not business developers somemore ah? hehe…

    Many many years ago Umno all consist of cikgu-cikgu… now consists of contractors, developers, businessman etc. that supply this and that to gamen… make huge profit along the way… can find no corrupt one meh? susah laa rakyat demikian… hehe…

    I also sincere, sure no corrupt and not developer also… i also can be gamen like that lar… hehe…

    I rather judge leaders by their results lor… not their background or sincerity like that lar.. those things sometime faked one lor… hehe…

  92. ZAKARIYYA
    July 9th, 2012 at 22:36 | #92

    @wbk
    Yes, sincere leaders, not corrupted. Can list further the good leadership criteria, Jujur,Amanah,Bersih Hati, dan baaaanyak lagi. In Muslim philosophy, the most important criteria is BERIMAN.

    So our job as a responsible and good rakyat is to vote for good leader lah……

    Affordable home for less affordable rakyat is a real rakyat problems. Rakyat issues is the leaders responsibility. (not fair to blame developers lar…not their job maa)

    corrupted leaders very easy to find….those YBs who talk and talk and talk about rakyat but their living lifestyle soooo luxury incompatible with their academic qualification and profession is corrupted until proven otherwise….Do you agree with me?

    Good leader is leader for all.

  93. ZAKARIYYA
    July 9th, 2012 at 22:53 | #93

    @wbk
    “I rather judge leaders by their results lor… not their background or sincerity like that lar.. those things sometime faked one lor… hehe…”

    How to judge their results if you never give them a chance?

  94. wbk
    wbk
    July 10th, 2012 at 08:59 | #94

    @ZAKARIYYA

    Agree. Corruption sure will destroy the country one lar… hehe…

  95. tata
    July 10th, 2012 at 10:32 | #95

    this is a forum where we talk about property not corruption,

    why the state sells the bayan mutiara land away instead of making use of it?

    1) if you said the state has no money( as claimed, state not money printer) why not the state propose the land to be used by state government to allow all the developers to build their LMC there instead of including in their project? the land can be sub-division-ed and pay premium to the state to gain profit

    2) what did the state do with the money after the land is sold? giving away free Wi-Fi and free rapid ride, is that all?

  96. wbk
    wbk
    July 10th, 2012 at 10:51 | #96

    @tata

    Adui… doesn’t make sense to use primed land to build low cost lor… You ask E&O to build low cost next to Straights Quay lar… hehe…

  97. tata
    July 10th, 2012 at 10:53 | #97

    wbk :
    @tata
    Adui… doesn’t make sense to use primed land to build low cost lor… You ask E&O to build low cost next to Straights Quay lar… hehe…

    If state build LMC at prime land, what is the perspective of the Penangite and All State and Country around the world thinks about Penang state government?

    It’s going to be like the First in Malaysia that the state builds LMC on a prime land

  98. wbk
    wbk
    July 10th, 2012 at 10:55 | #98

    tata :

    wbk :@tata Adui… doesn’t make sense to use primed land to build low cost lor… You ask E&O to build low cost next to Straights Quay lar… hehe…

    If state build LMC at prime land, what is the perspective of the Penangite and All State and Country around the world thinks about Penang state government?
    It’s going to be like the First in Malaysia that the state builds LMC on a prime land

    Walau… want to be the first some more… malaysia got many first for the wrong reason one lar… hehe…

  99. tata
    July 10th, 2012 at 10:58 | #99

    wbk :

    tata :

    wbk :@tata Adui… doesn’t make sense to use primed land to build low cost lor… You ask E&O to build low cost next to Straights Quay lar… hehe…

    If state build LMC at prime land, what is the perspective of the Penangite and All State and Country around the world thinks about Penang state government?
    It’s going to be like the First in Malaysia that the state builds LMC on a prime land

    Walau… want to be the first some more… malaysia got many first for the wrong reason one lar… hehe…

    what are the reasons not to build LMC on a prime land?

  100. apalalu
    July 10th, 2012 at 12:01 | #100

    tata, please go ask Petronas to build LMC next to KLCC…

  101. ZAKARIYYA
    July 10th, 2012 at 12:42 | #101

    @tata
    “this is a forum where we talk about property not corruption”

    STRICTLY, this is a forum where we talk about Straits Garden Condominium, not the build LMC on a prime land! Is there any objections?

  102. Ah Dog
    July 10th, 2012 at 12:59 | #102

    haha, side topic ma! agree that LMC shouldn’t build on prime land. Btw, there is LMC block build beside this SG, those qualify to buy one LMC, can seriously consider this. If got 3 rooms, then will be a good LMC. Btw, surely will have a lot ppl buy for rental yield, since studio/condo so expensive for good rental yield, so, LMC can be a good option for investment. So, what is the action of government to control this? FOR SURE, MORE THAN 50% OF LMC WILL GO FOR RENTAL.

  103. Ah Dog
    July 10th, 2012 at 13:01 | #103

    @wbk
    Btw, E&O is building LMC at straight quay, go and check at KOMTAR 3rd floor.

  104. Ah Dog
    July 10th, 2012 at 13:02 | #104

    LMC will be very hot for investment in rental, so, the administration should watch out closely.

  105. wbk
    wbk
    July 11th, 2012 at 20:40 | #105

    Ah Dog :@wbk Btw, E&O is building LMC at straight quay, go and check at KOMTAR 3rd floor.

    No kidding? Mind sharing left or right side of Straights Quay?

  106. wbk
    wbk
    July 11th, 2012 at 20:41 | #106

    @tata

    Does not make sense…

    Make sense? hehe…

  107. Ah Dog
    July 11th, 2012 at 20:55 | #107

    @wbk
    No joke here, if you’re interested, go and check it out at Komtar 3rd floor, there is one LMC at that area, but not yet distributed.

  108. Ah Dog
    July 11th, 2012 at 20:56 | #108

    In fact, that area already got LMC, you should see that blocks of LMC when you turn into Straight Quay.

  109. Ah Dog
    July 11th, 2012 at 21:00 | #109

    Beside the one at Straight Quay, there are few ‘high end’ LMC at Penang Island currently up for grab; Centrio Avenue at Bukit Gambier (second phase not yet distribute), Straight Garden LMC, and….etc.

  110. U2
    July 11th, 2012 at 21:58 | #110

    @Ah Dog
    Is this LMC open for public to buy?

  111. Ah Dog
    July 11th, 2012 at 22:02 | #111

    @U2
    nope, only for those income below RM3000 and no house yet, need to submit form (RM1 for the form), for registration, once approve, then fill up the pink form for your project preference, then, wait long long, some wait more than 10 years also can’t get one. Unless, you ……(cari kang tao la, or, bawah berunding, you know what’s the meaning la)

  112. U2
    July 11th, 2012 at 22:19 | #112

    @Ah Dog
    I got it. Thx for yr clarification

  113. penangkia
    July 14th, 2012 at 00:54 | #113

    Just went to gurney plaza property fair. The SG condo demand not good. The unit-7 fully sold because of facing seaview + Indah water while the rest not highly demanded. Sky high expensive price 728k onward at this kind of location. Crazy liao…………… I think this is the last call for developer to sell off their on hand project before the election and before the market crash deeply again. Good luck for those buyer.

  114. Ah Dog
    July 14th, 2012 at 09:25 | #114

    You can say the market crash deeply, but if it doesn’t happen, or after election, there are more stable administration setting up, the M’sia economic profile will be good and another round of property price shoot up will happen again. Those 1000sf condo already at RM400k, it is not going to going down in price, but will slowly growth. Those will crash, are those over million ringgit residential condos.

  115. Ah Dog
    July 14th, 2012 at 09:27 | #115

    just in case, the economic become worst either impact from Euro Crisis or our election, the impact will be in very short term, ~2 years only, after that, the bounce back will be even strong.

  116. Penangkia
    July 15th, 2012 at 00:36 | #116

    Hope that as what u told will be happened.

  117. Teresa
    July 24th, 2012 at 08:46 | #117

    How long will be complete develop?

  118. AMLah
    July 24th, 2012 at 13:49 | #118

    Just bought 2 units of condo @ straits garden for my sons. Very attrative promotion packages, DIBS…..

  119. BBC
    July 24th, 2012 at 13:58 | #119

    R u crazy, 2 units ???

  120. Jonas
    July 24th, 2012 at 14:18 | #120

    hahahaha AMLah, such expensive projects u also can buy down hand?

  121. AMlah
    July 24th, 2012 at 14:54 | #121

    I think the price is ok for me, after rebate DIBS, just 400++ sqf, furthermore i like the low density concept just 4 units per floor.

  122. AMLah
    July 24th, 2012 at 14:57 | #122

    I heard my friend worked in Ivory, the bayan mutiara selling price around RM650 psf, IJM’s Vertiq RM580 psf onwards, Sandiland 500++ psf(i hate high density).

  123. LS
    July 24th, 2012 at 15:20 | #123

    Very near to the sewage treatment plant.

  124. enguin
    enguin
    July 24th, 2012 at 15:51 | #124

    AMLah :I heard my friend worked in Ivory, the bayan mutiara selling price around RM650 psf, IJM’s Vertiq RM580 psf onwards, Sandiland 500++ psf(i hate high density).

    So what is the package somemore?car park?

  125. Investor too
    Investor too
    July 24th, 2012 at 15:55 | #125

    AMLah :Just bought 2 units of condo @ straits garden for my sons. Very attrative promotion packages, DIBS…..

    Why not buy a bungalow with that amount of money and have your family stay together?

  126. Zakarria
    July 24th, 2012 at 16:43 | #126

    Investor too :

    AMLah :Just bought 2 units of condo @ straits garden for my sons. Very attrative promotion packages, DIBS…..

    Why not buy a bungalow with that amount of money and have your family stay together?

    may be his sons from different wives, last time also someone bought the SG studio for vacation stay with his 2nd wife. haha.

  127. People
    July 24th, 2012 at 16:57 | #127

    @Investor too

    RM1.3 mil can buy bungalow in Penang? Where?

  128. Jonas
    July 24th, 2012 at 17:18 | #128

    People :
    @Investor too
    RM1.3 mil can buy bungalow in Penang? Where?

    Balik Pulau lar, 1.3mil u can get a very good condo at Tanjung Tokong area already.

    1.3mil can try to get a landed at tanjung tokong also! like simfonia

  129. Zakarria
    July 24th, 2012 at 17:34 | #129

    Jonas :

    People :
    @Investor too
    RM1.3 mil can buy bungalow in Penang? Where?

    Balik Pulau lar, 1.3mil u can get a very good condo at Tanjung Tokong area already.
    1.3mil can try to get a landed at tanjung tokong also! like simfonia

    It is typical china man problem. Sons from different wives cannot stay under same roof. So have to buy 2 condo instead of 1 bungalow.

  130. People
    July 24th, 2012 at 17:35 | #130

    @Jonas

    2700 sq feet condo in Tanjung Bungah? he has 2 sons, u think sons grow up, want to stay with parents?

    Simfonia, leasedhold, 6 bedrooms, 4 bathrooms, build up 2,800 sqf. Asking price RM1.3 mil.

    The main thing is he only have to pay less than RM100k now to book 2 units, worry 3 years later.

    If buy Simfonia now, can he utilise now? If his planing is 3 years later, buy @ RM1.6 mil? Then who pay him the different?

    Its all down to the purchaser purpose. Buy to stay, Invest , for Now or for future, or use to hedge inflation only.

  131. Zakarria
    July 24th, 2012 at 18:26 | #131

    @People
    haiyah, what is so big different stay at the same condo area compare to stay inside the same bungalow? need to pay maintenance fee from own pocket pula.

    why cannot buy Simfonia now? landed property price cannot appreciate meh? If he cannot afford to get loan to buy1.3 mils Simfonia now, can bank provide loan to him to buy 2 units SG condo also 1.3 mils now? I don’t understand why he cannot utilize Simfonia now, his 2 sons haven’t born yet???

  132. People
    July 25th, 2012 at 08:54 | #132

    @Zakarria

    The different is 2 separate house.

    Every family need privacy, even want to live together, the most is same area/building. Never force your sons live together after married.

    Problem between in laws…….

    Why cannot buy Simfonia? Then you should ask Amlah, not me.

    Just my opinion, and i personally cannot afford to buy > RM500k property. So just come here to look look see see and talk talk.

  133. In laws
    July 25th, 2012 at 09:24 | #133

    Normally the wifie is the one that would not like to live with in laws, parent bought house for their sons so that their sons can live on their own not that common la. Malaysian still very conservative one.

  134. People
    July 25th, 2012 at 09:51 | #134

    @In laws

    Now parent worry that their children cannot afford to buy house on their own, so finance them a bit, is common in Malaysia for this case.

    But buying 2 units & forcing them to stay in the same building a bit….

  135. ZAKARIYYA
    July 25th, 2012 at 10:43 | #135

    Surprising! I have junior-senior Zakarria!! You are welcome!.

  136. People
    July 25th, 2012 at 12:10 | #136

    @ZAKARIYYA

    Different culture ma.

    And if everyone live in same roof, then need bungalow like Dr. Mohamed Khir Bin Toyo’s

  137. ZAKARIYYA
    July 25th, 2012 at 14:43 | #137

    People :
    @ZAKARIYYA
    Different culture ma.
    And if everyone live in same roof, then need bungalow like Dr. Mohamed Khir Bin Toyo’s

    @People

    I think you have misquoted ZAKARIYYA with Zakarria.

    I am not Zakarria. My focus and flow of thinking evidence by my written statements here is totally different with him. I hope you will not confuse who are ZAKARIYYA and Zakarria.

  138. People
    July 25th, 2012 at 15:04 | #138

    @ZAKARIYYA

    oops, my sincere apology.

  139. Zakarria
    July 25th, 2012 at 17:56 | #139

    @People
    Like that ah, Sandiland at Sg Pinang seems to be better. More luxury and better location for same price range.

    Please differential between ZAKARiYYA & Zakar-ria. There is no senior-junior but totally different.

  140. nd4spd2
    July 25th, 2012 at 18:05 | #140

    @ZAKARIYYA
    you can buy a lot u got 5% discount LOL….

  141. SKT
    July 25th, 2012 at 20:42 | #141

    Zakarria :@People Like that ah, Sandiland at Sg Pinang seems to be better. More luxury and better location for same price range.
    Please differential between ZAKARiYYA & Zakar-ria. There is no senior-junior but totally different.

    Both also same can enjoy 5% discount, no different

  142. Zakarria
    July 25th, 2012 at 20:58 | #142

    nd4spd2 :
    @ZAKARIYYA
    you can buy a lot u got 5% discount LOL….

    RM528psf discount 5% still more expensive than people buy Sandiland RM485psf. Rather choose Sandiland which looks more luxury and better location.

  143. Elmo
    July 25th, 2012 at 23:09 | #143

    Zakarria :

    nd4spd2 :
    @ZAKARIYYA
    you can buy a lot u got 5% discount LOL….

    RM528psf discount 5% still more expensive than people buy Sandiland RM485psf. Rather choose Sandiland which looks more luxury and better location.

    Totally Agreed. Sandilands is a better investment.

  144. Paranormal
    July 25th, 2012 at 23:13 | #144

    @Elmo
    Both Sandilands and SG are good for own living. I believe most buyers are for own living.

  145. ZAKARIYYA
    July 26th, 2012 at 08:59 | #145

    Mr Zakarria,

    Selamat datang dan selamat berpuasa.

  146. ZAKARIYYA
    July 26th, 2012 at 09:10 | #146

    To all readers,

    I have 2 questions, a big problem for me, need your sincere advice!

    I have signed the SnP (not for this condo) once received letter offer Islamic loan from the bank. However, the developer and their lawyer rejected the Islamic loan since the Islamic loan is not their panels. Now, I received a letter from the lawyer asked for another 10% progressive payment.

    As a Muslim, any conventional loan with interest is STRONGLY PROHIBITED OR HARAM (DOSA BESAR) in Islam. It is a big sin to practice it. I think it is my right to choose the loan, not the developer nor the lawyer.

    Who actually decided and make a rule the type of loan to be taken by the buyers?
    The developer or lawyer?

    How to solve the problem?

  147. valkjr
    July 26th, 2012 at 10:28 | #147

    ZAKARIYYA :
    To all readers,
    I have 2 questions, a big problem for me, need your sincere advice!
    I have signed the SnP (not for this condo) once received letter offer Islamic loan from the bank. However, the developer and their lawyer rejected the Islamic loan since the Islamic loan is not their panels. Now, I received a letter from the lawyer asked for another 10% progressive payment.
    As a Muslim, any conventional loan with interest is STRONGLY PROHIBITED OR HARAM (DOSA BESAR) in Islam. It is a big sin to practice it. I think it is my right to choose the loan, not the developer nor the lawyer.
    Who actually decided and make a rule the type of loan to be taken by the buyers?
    The developer or lawyer?
    How to solve the problem?

    are you using their panel S&P lawyer? Developer do not have any say in deciding which bank the customer sourcing the loan from, except that they mentioned it before you paid the booking.
    If it is the lawyer who said that, maybe because it was a hassle for them to process islamic loan compare to conventional loan, thus the rejection. Btw, dont tell me that Islamic Loan did not charged the borrower Interest for the loan as compare to conventional loan. Please do read between the lines in your islamic loan documents clauses. If Islamic loan really did not charged the borrower any interest and borrower only have to pay the principle through out the loan tenure, then all conventional loan can tapau and keep already loh….Anyway, do pls clarify on this part tho…really interested to know the “no-interest” charging part on Islamic Loan. 😛
    @ZAKARIYYA

  148. Elmo
    July 26th, 2012 at 10:28 | #148

    @ZAKARIYYA

    You can decide on your panel bank provided the bank you select approved your loan. Take note non-panel bank may not able to enjoy some benefits like interest free until completion. That is why panel bank is usually used. You have your rights to choose your bank but may not enjoy certain benefit.

    Once you signed your S&P. Progressive payment is normal based on the construction % completion. It is your lawyer duties to example to you before you signed the S&P.

  149. Ah Dog
    July 26th, 2012 at 10:54 | #149

    @ZAKARIYYA
    Every bank provide Islamic loan, so, choose the correct panel bank’s Islamic Loan.

  150. Ah Dog
    July 26th, 2012 at 10:58 | #150

    @valkjr
    haha, you’re right, where got loan didn’t charge ‘interest’. I normally don’t go for Islamic loan, due to their term & condition very complicated, and if you settle early, then need to pay ‘one lum sum compensation’ base on the final calculation of the ‘interest’ or the earning or fee that required. There is a term call xxxx (forgot the word, islamic term) to replace the word ‘interest’. Just like PTPTN (study loan) that kena charge ‘management fee’ of 3%, it is not ‘interest’, so, no DOSA :) haha, just LP & PL only, same.

  151. ZAKARIYYA
    July 26th, 2012 at 11:25 | #151

    @valkjr
    TQVM valkir

    Yes, I am using their panel S&P lawyer. The concept for Islamic Loan is different from conventional loan. In fact the monthly installment for Islamic loan is higher than conventional loan.

    @Elmo

    TQVM Elmo.

    Their panels bank CIMB already approved the Islamic loan. I received the letter offer from the bank but THEY (developer & lawyer) said that for this project must have conventional loan, not accepted the Islamic loan.

  152. ZAKARIYYA
    July 26th, 2012 at 11:28 | #152

    @Ah Dog
    Their panel banks CIMB already approved my Islamic loan. Where else to go?

  153. Elmo
    July 27th, 2012 at 13:53 | #153

    AMlah :
    I think the price is ok for me, after rebate DIBS, just 400++ sqf, furthermore i like the low density concept just 4 units per floor.

    Low density concept is for luxury condo. After 3 years, most of the structure will be wear and tear. Do you think the management fee is enough to cover all these? I have seen a lot and at the end, you have to fork out more. If Singapore as a developed country has this issue, what do you think for Malaysia?

  154. jack
    July 27th, 2012 at 14:09 | #154

    @ZAKARIYYA
    I prefer getting Islamic loan (IL) because it is very transparent compare to conventional term loan (CTL). In IL, it does not charge interest, but it simply tells you how much they want to earn from you after 30years. It is berdosa to charge interest. Regardless IL or CTL, bank still earn your money but in different name.

    Zakariyya, I never have any problem from developer when I get IL. It is not ethical for developer to reject your IL. If developer reject your islamic loan, then you must have them reply you in writing and after that file a complain to Minisry of Housing and Local Government. You can also get a Ahli Dewan Undangan Negeri to help you.

    Some but not all developer take advantage on us.

  155. valkjr
    July 27th, 2012 at 15:08 | #155

    jack :
    @ZAKARIYYA
    I prefer getting Islamic loan (IL) because it is very transparent compare to conventional term loan (CTL). In IL, it does not charge interest, but it simply tells you how much they want to earn from you after 30years. It is berdosa to charge interest. Regardless IL or CTL, bank still earn your money but in different name.
    Zakariyya, I never have any problem from developer when I get IL. It is not ethical for developer to reject your IL. If developer reject your islamic loan, then you must have them reply you in writing and after that file a complain to Minisry of Housing and Local Government. You can also get a Ahli Dewan Undangan Negeri to help you.
    Some but not all developer take advantage on us.

    @jack

    You mean the other way around rite? try asking your IL bankers on how the “interest” is calculated. I am sure they also not 100% sure on the answer…

  156. ZAKARIYYA
    July 27th, 2012 at 15:32 | #156

    @jack
    TQVM jack.

    I don’t understand why they rejected IL. My friends said the lawyer actually the one who refuse to accept the IL not the developer.

  157. cl
    August 2nd, 2012 at 14:44 | #157

    What is the latest offer for this project? Thanks.

  158. Penang Char Koey Teow
    August 8th, 2012 at 11:51 | #158

    walao ehh , price is so beautiful , RM700k a condo, why pay so much for this god damn house? can you explain?

  159. caller
    August 8th, 2012 at 14:53 | #159

    @ZAKARIYYA
    Because the are some court case, with IL involving owner and bank. Things can be complicated when settling your loan within locking period. So some lawyer doesnt want to get involve.

  160. ZAKARIYYA
    August 8th, 2012 at 16:45 | #160

    @caller
    As far as I know the Islamic Loan no locking period. I bought one unit condominium 2 years ago with Islamic Loan and sold it (sub sale) 3 months ago without any bank penalty since it has no locking period loan. This time the letter offer from the CIMB Islamic Loan also has no locking period. It is very clear for me that the ‘problem maker’ is the lawyer not the developer but the lawyer blamed the developer.

    Thank you very much @caller

  161. caller
    August 8th, 2012 at 17:13 | #161

    @ZAKARIYYA
    I m not sure also, i tried to take IL. The banker explain till my head explode..so i give up.

  162. ZAKARIYYA
    August 9th, 2012 at 08:16 | #162

    @caller
    Hong Leong Bank Islamic loan is very good. The banker showed me an example of a client who bought landed house in Island cost more than 2 million. The client is very rich. He took IL and settles it within a year without any penalty. He just needs to pay 1 year “interest” which is very minimal.
    (I am here not specifically tried to promote IL, just to share my experience)

  163. ZAKARIYYA
    August 9th, 2012 at 08:26 | #163

    We better back to the discussed topic here regarding SGC.
    What are the good things about this project?
    What are the negative factors?

  164. aizen
    August 9th, 2012 at 09:51 | #164

    @cl

    Received information from developer office

    Early Bird Package:

    1. RM40K Cash Rebate
    2. DIBS 0%Interest under contruction period
    3. Free 2 Car Park
    4. Free S&P and Loan legal fees
    5. Free Upgrading Package: 4 units air-cond/Storage Type Water Heater

  165. aizen
    August 9th, 2012 at 09:57 | #165

    Sandilands at Sg Pinang and this SGC area recently affected by flood or not?

  166. Sg Ara
    August 9th, 2012 at 10:27 | #166

    ZAKARIYYA :
    @caller
    Hong Leong Bank Islamic loan is very good. The banker showed me an example of a client who bought landed house in Island cost more than 2 million. The client is very rich. He took IL and settles it within a year without any penalty. He just needs to pay 1 year “interest” which is very minimal.
    (I am here not specifically tried to promote IL, just to share my experience)

    It is depend which perspective you refer to.

    Overall, there is no different in term of monthly instalment as compared to conventional loan. The good thing for Islamic Loan is the pre-lock profit. Up front, you are aware the profit margin of the bank.

    At first, you know your loan amount and the bank will charge the profit on top of the loan amount. Then, after getting the figure (loan + profit) and it will divided number of year in order to get your monthly instalment. In future, they will not increase your monthly isntallment or charge you addtional “interest”.

    You all feel confuse because of the calculation and documentation.

    In fact, the Islamic banking has to comply with Musyarakah, Mudharabah principle etc.

    From Islamic perspective, “Money” cannot be traded. So. the bank has to prepare few documents to you for signing purpose in order to comply Islamic rules and regulation.

  167. cl
    August 9th, 2012 at 11:19 | #167

    @aizen
    Thanks AiZen for the info.

  168. aizen
    August 9th, 2012 at 12:17 | #168

    @cl
    I heard that AIRMAS Group will build Service Residences & Commercial at Jln Jelutong in between Jln Mat Taib and Jln Tengku, just near SGC. The size range is 800-1000sf with estimated price 500psf.

  169. aizen
    August 9th, 2012 at 12:19 | #169

    @cl
    This early bird package will end this coming Sunday. Can visit their booth at QBM

  170. cindy85
    August 9th, 2012 at 13:17 | #170

    Does Tambun Indah has experience in building high rise buildings? Anyway, the company is famous in “running extremely fast” after project completion. Good luck!

  171. jack
    August 13th, 2012 at 11:24 | #171

    @valkjr
    You can ask account manager instead of the person who approach you whom just hunt for business. They will explain the difference between Islamic Loan and Conventional Term Loan.
    Btw, Is this project worth investing? What concern me is the track record of the developer. Are they reputable?

  172. enguin
    enguin
    August 13th, 2012 at 13:15 | #172

    @jack
    just went their road show yesterday..They said scotland villas opposite turf club penang is their project and other most at butterworth and simpang ampat(tambun).got their catalog in hand..

  173. WMjt
    August 21st, 2012 at 20:59 | #173

    how many units left for sale ? think got many left, notice not good response at their roadshow

  174. jackie
    September 1st, 2012 at 16:52 | #174

    so many rebate meaning the developers earn till siao liao lo.

  175. enigma
    September 17th, 2012 at 22:32 | #175

    Your neighbour are IWK waste water treatment plant and the rubbish dump.

    Enjoy your stay!

  176. Penanglang
    September 19th, 2012 at 20:33 | #176

    Today saw straits Garden advertised in The Star again, only 50% sold. Asking for more than RM5xx psft for a condo with limited recreation area in Jelutong is the real turn off for buyers. I think Tambun Indah should do more market survey before setting the price.

  177. The_truth
    September 19th, 2012 at 22:16 | #177

    Fully agree. The location is bad. Close to sewage. They willing to spend money for more advertisement but not willing to sell a bit lower price. Stupid strategy.

  178. hello
    September 19th, 2012 at 22:59 | #178

    enguin :
    @jack
    just went their road show yesterday..They said scotland villas opposite turf club penang is their project and other most at butterworth and simpang ampat(tambun).got their catalog in hand..

    Scotland villas belong to DNP Land not Tambun Indah. They only help partially for construction work.

  179. bustard
    September 20th, 2012 at 00:31 | #179

    I CANCELLED MY BOOKING. I URGE YOU TO DO IT FAST. YOU CAN GET CANCER BY LIVING NEXT TO THE SEWAGE DUMP. I HAVE TO PROTECT MY KIDS.

  180. sasa1
    September 20th, 2012 at 08:22 | #180

    Think twice before you make any decision…

  181. Penanglang
    September 20th, 2012 at 09:30 | #181

    @bustard

    What was you thinking when you placed your booking? Seriously.

  182. et
    September 23rd, 2012 at 11:51 | #182

    Penanglang :
    @bustard
    What was you thinking when you placed your booking? Seriously.

    He must be blind sided by all the FREEBIES throwed at him. At least he is making the right decision now. Well done, bro!

  183. ezalor
    September 23rd, 2012 at 11:56 | #183

    Until now still seeing nonstop newspaper adv selling this project, almost every day. Definitely tak laku.
    Other project, soft launch one or two days all fully booked liao lar.

  184. 1mils
    September 24th, 2012 at 14:49 | #184

    The reason i’m go for Sandilands

  185. Elmo
    September 24th, 2012 at 14:59 | #185

    1mils :
    The reason i’m go for Sandilands

    Totally agreed. That’s why I’ve chosen Sandilands too.

  186. observer
    September 26th, 2012 at 15:02 | #186

    waster water treatment plant on one side, & If you look closer, there is also a massive landfill (sampah-sarap) very close by. It catches fire very often & releases god knows what kind of fumes.

    SG is not a bad project, but at its current price… it won’t get much momentum from buyers since there are so many competing projects with almost the same price & much better surrounding.

  187. Q
    September 26th, 2012 at 16:45 | #187

    Samantha :I dont understand you folks. If the price is crazy, then just dont buy it. Let them goreng. Let the market forces takes its own course.
    Is like i’m selling pisang goreng for RM10 dollars and you ppl complain complain complain. Just walk away, okie? You can stand next to my stall complaining for days/months/years but what if i still insist to sell my pisang goreng for RM10 even though no customer. I still survive and now sit back and looking at you funny ppl complaining and it actually entertained my day. If that is your intention, then be it.
    Pls, for whoever sake, just walk away if this is not you preferred and if you are seriously looking for something that can fit your preference and budget.

    i wish my salary incerement also can increase like property price 😛

  188. Q
    September 26th, 2012 at 16:48 | #188

    Ah Dog :@ZAKARIYYA Reduce gap? How to reduce? Like giant country China also not able to do that. Rich become richer, while poor become poorer, and for the lazy population, there is no way for them to become rich, so, just ask and wait for government for help. This is not a Robinhood generation.

    they think penangites people printing money for leaving.

  189. mah
    September 26th, 2012 at 17:53 | #189

    @Q
    most people still believe property will appreciate in value & a bit ‘kiasu’ attitude to buy overprice house or condo, most important is still got many rich people in Penang, they prefer ‘goreng property’ not goreng pisang.

  190. No way
    October 4th, 2012 at 09:45 | #190

    I saw TI advertised their Straights Garden on yesterday newspaper again. I am not surprised the manager said the sales are very good with 50% sold 3 months after launch. Don’t forget many popular projects sold out during preview or soft launch. I think 50% would be their likely final sales result after all, this 50% already been there for a few months already.

  191. andrew
    October 16th, 2012 at 03:24 | #191

    price pls

  192. observer
    October 22nd, 2012 at 15:31 | #192

    Hello Andrew,

    Tambun Indah have set up a sales office right in front of the site at Cheoh Tau Kong.
    I heard the units are moving rather slowly. You may walk in during office hours for full info. The sales office is very visible with bright colours. You won’t miss it when u pass jalan jelutong.

  193. Yes way
    October 22nd, 2012 at 16:04 | #193

    50% booked – 30% bumi lots – 10% booked by staffs = 10%. Cham!!!

  194. observer
    October 22nd, 2012 at 17:02 | #194

    @ Yes way,

    They set up a NEW sales office because there are only 10% left?

  195. IamBroke
    October 22nd, 2012 at 17:27 | #195

    Work 3 jobs to buy a condo :(, how the young generation survive if they are not from the rich family???? How many percent of people fall in medium low income group RM5000 / per month in Penang.

  196. nice Dog
    October 22nd, 2012 at 22:34 | #196

    KUALA LUMPUR: Consumers will get greater protection against misleading or false advertisements in print and electronic media with the enforcement of the recent amendment to the Consumer Protection Act 1999 from Jan 1 next year.

    Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaacob said those found to have put up misleading or false ads in terms of quantity, quality, price, effectiveness and availability of products could be fined up to RM5,000 or jailed up to three years.

  197. Yes way
    October 23rd, 2012 at 08:45 | #197

    observer :
    @ Yes way,
    They set up a NEW sales office because there are only 10% left?

    I think I was guessing 10% actual sold after minus all those reserved for bumi and developer staff booking. NEW office can really help this overpriced mini condo?

  198. observer
    October 23rd, 2012 at 09:28 | #198

    @Yes Way,

    Thanks for making it clear. I thought u meant it was already 90% sold, leaving only 10% hence my surprise. Because I heard it was only 50% booked just over a week ago. So what u meant was only 10% was ACTUALLY booked. ok

  199. observer
    October 23rd, 2012 at 09:36 | #199

    & No, I don’t believe a new sales office can make much of a difference in clearing out this overpriced condo.

    The problem here is not whether the sales office is in Penang island or in Butterworth. The problem here is many buyers feel the PRICE is not right.

  200. ilie
    October 23rd, 2012 at 21:17 | #200

    Sadly, many bought this over-priced CRAP condo, no, more like medium cost flats with facilities!

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