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Tropicana 218 Macalister

July 16th, 2013 Leave a comment 中文版

tropicana-218-macalister-main

Tropicana 218 Macalister, strategically located on 2.09 acres of freehold land along Macalister Road, Penang. Overall design and layout embraces contemporary lifestyle living, in a town setting. The development comprises 208 hotel rooms (Courtyard by Marriott) together with 211 units of commercial suites and 88 units of serviced apartments. Penang’s world renowned hawker stalls and Komtar building is within walking distance.

Special Features:

  • Strategically located right at the centre of Georgetown business district
  • International brand hotel houses one of Georgetown’s historical building
  • View of Penang Bridge and sea
  • 24-hour security
  • Dedicated facilities and amenities for hotel or commercial suites and serviced apartments
  • Infinity pool and Jacuzzi

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)
Property Project : Tropicana 218 Macalister
Location : Macalister Road, Georgetown, Penang
Property Type : Hotel, commercial suites and serviced apartment
Land Tenure : Freehold
Total Units: 208 (hotel rooms), 211 (commercial suites), 88 (serviced apartments)
Built-up Area : 374 sq.ft. – 1,304 sq.ft.
Developer : Tropicana Corporation Bhd.
Location Map:

TOWER M

 

TOWER T

Categories: Georgetown Tags:
  1. cm
    cm
    July 16th, 2013 at 22:14 | #1

    I am the first one ….. Take a sit …. (*o*)P

  2. cm
    cm
    July 16th, 2013 at 22:15 | #2

    Got any layout Plan? Package?

  3. Cardevect
    July 16th, 2013 at 22:16 | #3

    WOOOT!!! Sure RM1,000 psf or more ^_^

  4. mike
    July 16th, 2013 at 22:20 | #4

    yes !!… pls build more multi Million property
    pg ppl are rich

  5. Bryant
    July 16th, 2013 at 22:34 | #5

    Smallest 374sqft, RM500k? What do you think if really is RM500k? Rental can break even installment?

  6. Bryant
    July 16th, 2013 at 22:46 | #6

    Registered in the Tropicana website. See if they’ll invite me for the launch..

  7. islander_ori
    July 16th, 2013 at 23:10 | #7

    Tropicana starts to bring studio concept from KL areas to Penang.

  8. Kenny
    July 16th, 2013 at 23:18 | #8

    The price must be high…due to georgetown location ~~

  9. kabutol
    July 16th, 2013 at 23:56 | #9

    how u know will 500k?

  10. AL
    July 17th, 2013 at 01:29 | #10

    Tropicana=Dijaya?

  11. TC
    July 17th, 2013 at 04:34 | #11

    Wah lan eh, completion is 4 years from signing S&P. Correct or not their website????

  12. John Wu
    July 17th, 2013 at 06:47 | #12

    Studio is everywhere in the Penang,they are not the first.

  13. Lady Gogo
    July 17th, 2013 at 07:22 | #13

    @AL
    Yes Tropicana is Dijaya or D&I Enterprise.. I think this concept is more to SOHO

  14. ST Khor
    July 17th, 2013 at 09:18 | #14

    Where is the “exact” site of this project? The nearest vacant land to Komtar would be opposite of Ghee Hiang outlet. Could this be the site or further up where this vacant land have been board-up for long-long time?

  15. condomana
    July 17th, 2013 at 10:30 | #15

    Ah Huat Pai Ka Fe…………..Huat Ah!!!!!

  16. david
    July 17th, 2013 at 10:40 | #16

    Is all about the return yield. If the Guarantee return is 7% after the managements fees then is good for invest.

  17. david
    July 17th, 2013 at 10:44 | #17

    Just notice the construction site. It’s doesn’t look like “walking distance” to komtar

  18. 100
    July 17th, 2013 at 10:52 | #18

    This not heritage area? Why can built a high building here.

  19. Lady Gogo
    July 17th, 2013 at 12:17 | #19

    100 :This not heritage area? Why can built a high building here.

    Not heritage area but on site there is one existing heritage building. I think developer need to repair and maintain the heritage building.

  20. Zod
    Zod
    July 17th, 2013 at 15:56 | #20

    May I know when is this project launching?

  21. Monkeyman
    July 17th, 2013 at 20:16 | #21

    Another Time Square project.. good luck.. uncle Tan, here is not KL lah..

  22. Buyer_007
    Buyer_007
    July 17th, 2013 at 20:44 | #22

    The housing price will be dropped one day, stay tuned buddy…

  23. lim
    July 18th, 2013 at 06:18 | #23

    Right time to launch luxurious project?

    Factory biz are shrinking over the last 1 yrs+.

    Since last month, in Penang, I heard quite a number of news,

    “A” company laid off – ~20 people affected
    “V” company closed – ~40 people affected
    “S” company closed – to move to China
    “D” company laid off

    More to come.

    A

  24. tomyam
    July 18th, 2013 at 07:05 | #24

    if the project can come with ready move in style and have a management team help to rent to tourist then is ok, i saw newspaper said the occupy rate for hotel in recent years is getting near to 100% in peak season, even normal days, i can see more and more tourist here.
    But if for own stay… hmm…

  25. islander_ori
    July 18th, 2013 at 08:10 | #25

    @lim
    Luxurious project is not target for normal factory worker.

  26. david
    July 18th, 2013 at 09:46 | #26

    Service apartment is mean for investment only and getting the yield every months. The managment only grant maybe 10 to 12 days free stay a year for the owner.

  27. Bryant
    July 18th, 2013 at 10:18 | #27

    As how we normally receive news where such development guarantees 7% p.a return in the first two years upon O.C and sometimes this is renewable.
    Also the units should come furnished and buyer/investor need to top-up for the furnishing.
    But always be careful of all the terms and conditions.
    Normally upon knowing all the details, the first two years 7% p.a return actually resulted in less then 1% p.a return only after paying all the installment, management fee, maintainance fee in advance and etc. Only after 5yrs you’ll see consistent 7% return (if contract can be renew).
    If you could sell it off after 5yrs:
    1) at the same price of purchase – then partial of the 7% return will be materialized in the sales.
    2) If price appreciates 10% or 20%, then it is even better.
    This is my personal analysis over the new condo (Elemen) at Genting Highland which offers such package.

  28. grace
    July 18th, 2013 at 16:26 | #28

    Too many projects launching at same times, developer is rushing to sell the project before budget 2014 announcement. May be the DIBS will be remove or property tax will be increase. Wait and see.

  29. yeahright
    yeahright
    July 21st, 2013 at 10:49 | #29

    grace :
    Too many projects launching at same times, developer is rushing to sell the project before budget 2014 announcement. May be the DIBS will be remove or property tax will be increase. Wait and see.

    RM 4000 millions worth of properties on display but only managed to sell RM 115 millions during the 1st 3 days at The Star Stylish Living Property Fair 2013 , that’s just a mere 0.028% ! Wow , the property market is super duper slow now !

  30. pgkia
    July 22nd, 2013 at 09:52 | #30

    @yeahright
    is 2.875%

  31. To
    July 22nd, 2013 at 10:07 | #31

    Obviously, penang people not that rich to that extend…

  32. yeahright
    yeahright
    July 22nd, 2013 at 10:59 | #32

    pgkia :
    @yeahright
    is 2.875%

    yup .

  33. Tropicana
    July 23rd, 2013 at 13:42 | #33

    Anyone knows when will launch?

  34. samgjy
    samgjy
    July 23rd, 2013 at 15:48 | #34

    what is the starting price?

  35. condomana
    July 26th, 2013 at 11:10 | #35

    I’d bet it will be around RM800/sqft….:)….By the time you get to see the booking chart, half of the units would have already been booked by their “associates” at super early discount (probably ~RM650/sqft). But don’t fret, you still enjoy a 10% rebate for being a normal early bird before official launch (so there’s still upside). By the official launching, 80% of the units would have been booked, with those purchasers already sitting happily on paper profit of 10-30% of purchase price, and needless to say the margin for the developer is far more than that….:)…And then…….what comes after that…….well…..who cares?…:D

  36. kabutol
    August 13th, 2013 at 17:45 | #36

    do u all know when will launch this project?

  37. funny
    August 13th, 2013 at 18:41 | #37

    This project haven`t launch yet, only open for registration, the price is above 1k per sq ft, Block B larger sq ft will launch above 700k. The A block will be smaller size,studio type wil be launch next year.

  38. Observer
    August 13th, 2013 at 22:26 | #38

    To :
    Obviously, penang people not that rich to that extend…

    ya, nowadays all new projects are for foreigners, investors and speculators only.
    Most Penang folks who really in need for a house to stay are still belong to low and medium income groups which totally can’t afford for any new launching projects, they will have to queue up at Komtar 3rd floor to get the form from perumahan to submit for the government’s so called low-cost to low-medium cost apartments which is taking ages to get one.

  39. funny
    August 17th, 2013 at 13:54 | #39

    Overall property market for 1st quarter remain flattish, only newly launch property doing well and secondary market price drop included penang secondary residential property, due market in cautious mode.

  40. Irrevelant
    August 17th, 2013 at 14:28 | #40

    Why only newly launch property doing well and secondary market price drop ?
    What is there to be cautious about secondary market but not the newly launch ?

  41. CC
    August 17th, 2013 at 14:37 | #41

    Joker…Penang subsale residential property price drop? It is up actually. The property market might crash that was in 2015 according from economist. But for sure not in this 2 years. Penang property price still in uptrend. But subsale for sure will be slow after.

  42. J
    August 17th, 2013 at 20:25 | #42

    Property sales dropped 18% comparing 1st half this year vs 1st half last year.

    Check Kwong Wah news dated 15-Aug.

  43. new
    August 19th, 2013 at 12:04 | #43

    Penang secondary property old building residential property not many ppl want to buy, the old building we always know that not maintain properly, hv leakage problem and maintance fees not pay by owner, penang ppl afford to buy expensive property but no money to pay mthly maintenance, same thing hapoen to my apartment, the owner name is display on notice board. Afford to buy new project bcos of many offered by developer, DISB, early bird package. If i hv 10% deposit for sure i will invest on new project eventhough the smaller sq ft.

  44. condomana
    August 19th, 2013 at 12:48 | #44

    @J,

    Property sales drop 18%, is that number of transactions or total value in RM?

    @new,

    Would you share which apartment you’re staying?

  45. J
    August 19th, 2013 at 19:24 | #45

    By qty over 6 month period.

    7,000+ units dropped to 5,000+ units.

    Believe most of the sales from new launch.

    Sub sales market is slow.

  46. do not ask
    August 30th, 2013 at 02:57 | #46

    drop 18%?
    100 ppls holding 300houses, between this quarter they sell to whos needed for own stay.means after the quarter 100ppls have no more houses for sell.thats why ppls “assume” it drops not much transcation??
    today i ate 100 apples doesn’t means tomorrow i ll still have 100 apples to bites.this is not what we call drop.its just nothing left in the bucket.

  47. coco
    September 4th, 2013 at 13:58 | #47

    Anyone purchased this unit, received sms tower one sold out 100% , today open for booking Tower two. I heared lauching price rm1200 above per sq ft smaller size service apartment about 680sq ft, so the price is 800k plus plus

  48. Felicia
    September 4th, 2013 at 23:45 | #48

    @coco
    Launch already??

  49. Pen-Condo
    September 5th, 2013 at 00:14 | #49

    People are buying lifestyle and not just a roof over their heads

  50. coco
    September 5th, 2013 at 10:13 | #50

    Yes, open for booking if u interest bring cheque or cash 10k, overpricing., this developert want to cari makan ini penang island.@Felicia

  51. Pen-Condo
    September 5th, 2013 at 11:45 | #51

    Launch lor, lower level all sold

  52. 218Mac
    218Mac
    September 5th, 2013 at 14:14 | #52

    Lower level all SOLD !!!!!
    Higher levels going extremely fast

  53. Pen-Condo
    September 5th, 2013 at 14:41 | #53

    Which block they launch??
    How many units??
    The block nearer to Loh Guan Lye hospital or the other side they launch??
    Price per sq ft?!

  54. 218Mac
    218Mac
    September 5th, 2013 at 14:52 | #54

    Heard launch ONLY 1 block and almost SOLD OUT!!!
    Don’t know which block??
    Which block with hotel rooms must be another block

  55. Pen-Condo
    September 5th, 2013 at 19:49 | #55

    Aiyoyo, got money also cannot get choice unit, lower levels Neo Suites all gone!! Wonder who bought?? Probably staff and associated

  56. Felicia
    September 5th, 2013 at 23:32 | #56

    Received email on preview starting tomorrow at both Penang & PJ

  57. Pen-Condo
    September 6th, 2013 at 21:12 | #57

    Went to Sales Office at Tropicana Mall this morning, was shock that front liner said 218 Macalister launching next month!!

  58. 218Mac
    218Mac
    September 6th, 2013 at 23:50 | #58

    Tower 2 soft launch, almost all sold…

  59. Pen-Condo
    September 7th, 2013 at 12:01 | #59

    What is the situation now, soft launch or only open to elite group??

  60. Owner
    September 7th, 2013 at 16:21 | #60

    Why buy this Condo instead of PTS (Time square)? Seen both are rather similar concept…Seen PTS have rather more potential compare to this project. Some say PTS condo is much more better for own stay compare to 218 Macalister..Any comment?

  61. Pen-Condo
    September 7th, 2013 at 16:46 | #61

    Location, timing & branding

  62. Pen-Condo
    September 7th, 2013 at 18:20 | #62

    @Owner
    PTS pricing??

  63. Owner
    September 7th, 2013 at 19:10 | #63

    The Wave@PTS currently left unit pricing 1M…Early lauch 1260sqf at RM630k..minimum. Investment potential is high..

  64. simon
    September 7th, 2013 at 20:17 | #64

    bought one yesterday at 1.1m high floor

  65. KS
    September 7th, 2013 at 20:50 | #65

    another fool is born ….. ha ha ha lol

  66. Tension
    September 7th, 2013 at 21:52 | #66

    @KS
    Can you share your opinion with point and supporting data? Instead of writing non sense comment..Or else everyone here will feel you is the foolish instead..

  67. fxxk u
    September 7th, 2013 at 21:59 | #67

    @KS
    Don’t come here give the shit and just left without clean..Such a foolxxh ppl..

  68. Pen-Condo
    September 8th, 2013 at 01:17 | #68

    @simon
    What size? Work out to RM ???? / SF?
    How many car park?
    What is the maintenance charge in RM0.?? /SF
    What is the sinking fund in RM0.0? /SF

    Please share the advantages of this versus 218 Macalister.
    Thanks

  69. Pen-Condo
    September 8th, 2013 at 01:20 | #69

    @simon
    218 Macalister – 1299 SF units are selling at above RM1.5 million before incentives
    Smaller units are all above RM800k as those below RM800k were all SOLD in 1 day!!

  70. simon
    September 8th, 2013 at 07:43 | #70

    993sft – around 1.2m before incentives. Small unit still available. Car park not fix yet, maintainance 35-40centpsf. Personally I think this project is overpriced and maybe I am a fool. But I believe this area will fetch good rental rate, since KDU and The One is nearby. I also like because not many other condo around. Should get sea view, since the only high rise blocking is PSCI building and Mayfair.

  71. YS
    September 8th, 2013 at 08:25 | #71

    @simon
    993sqf for 1.2M is really overpriced..Currently even PTS phase1 &2 was only 1100sqf or 950sqf for around 650k to 700k.

  72. Rich Man
    September 8th, 2013 at 09:28 | #72

    Beware of our worst enemy… GREED. It can hypnotize you, and even kill you in worst case. So, know our enemy, and we are quite save.

  73. Chocolate
    September 8th, 2013 at 09:29 | #73

    1299 sf for 1.5m??? Wow..how good to become developer nowadays. The price is definitely overprice in Pg market! But i know all the units will still SOLD out eventually. This is only a mentality game.

    Good luck i would say to buyer.

  74. simon
    September 8th, 2013 at 10:30 | #74

    @YS
    Hi YS, yes, I am aware of that. Even closest comparison , Noble villa just beside this project is selling like 720k, 1000sft, renting for 2.2k~2.8k, very old building. Current price is totally crazy and overpriced, I still can’t digest it…haha….But I got this feeling, that Tropicana, is the developer that could bring changes and upgrade to a certain location. Sometime, we just have to buy into potential.

  75. HUAT
    September 8th, 2013 at 10:45 | #75

    @simon
    The reason for your purchased is Tropicana and the location. Potential is there.
    I’d say the price is still acceptable. Surely many think otherwise.
    PTS was a failure in the eyes to many investors and you all know the reason. Ivory was condemned for their incapability to make it like a success and etc..

    With 218 launched at such “overpriced” as many felt, suddenly PTS is a good buy and worth money for investment. You see such a mentality? One day a new condo or mix development might be built nearby (if there is still vacant possible land). Unlikely prices will be cheaper but when will this happen, no one knows. That one day will be the day when PTS is old news and 218 is a good buy and worth the investment.

    So do not worry about digesting. So long you are able to manage the financial needs, you are fine. Time will show you the results. Good luck.
    (Personally I did not purchased, because I prefer landed or seaview condo)
    Nonetheless it’s a totally different comparison which cannot be compared at all.

  76. simon
    September 8th, 2013 at 11:28 | #76

    Just my own opinion..PTS, has a good location..sometime…maybe fengshui problem? haha…can’t explain it, just dont feel good about this place..

  77. Mark Jefferson
    September 8th, 2013 at 11:34 | #77

    I bought By The Sea back in December 2011, 1274sft for RM1.45 mill. Sea view and Beachfront. Semi-furnished.

    At that time everyone told me that was stupid. I told them i know its expensive but i look at the rental returns for beachfront properties around that proximity of this project. I believe i can easily rent it out for RM7000 a month upon completion.

    That is how i justify investing in a potential project.

    There is always something you see that others don’t.

    Now, Tropicana is launching this project for the same per square feet price of RM1200/sft.

    I now feel that makes my buy at by the sea worth it.

  78. Pen-Condo
    September 8th, 2013 at 12:15 | #78

    @simon
    Small unit still available, the 683 SF

    218 Macalister only has 3 sizes for this tower 2 launch namely 683, 997 & 1299SF,
    But lower floors from 13 till 21 floors ALL SOLD, left 22 floor and above up till 32 floor, was told all East view all sold, left few unit of West view. Looking at the overall Penang Island, it appear West direction is much better in term of view, can see Tanjung Tokong, etc.

    Agreed with many the at RM1200 PSF look pricy, with combination of 208 hotel rooms, 211 Neo suite which is a SOHO and 88 residences, such combination might proof critics wrong. A new concept of business cum leisure??!!

  79. max
    September 8th, 2013 at 13:41 | #79

    Why this condo?

    You can buy Damai Villa, Logan Road, 3,300 sqft, Full reno/furnish at RM1.45 million. It has been in sub sale market 1 yr ago.

    Noble Villa with selling at RM720K also has been stuck on sub sale market since 2 yr ago.

  80. Chocolate
    September 8th, 2013 at 13:48 | #80

    Max, some buyers just dont have the initial payment for the subsale property. They only able to grab the new launch property with ZEC package, free this free that so they can minimize the amount to fork out for the first payment. And new always better than old one. But i agree with u, 218 is offering the ridiculous price and buyer just accept saja.

  81. Rich Man
    September 8th, 2013 at 14:13 | #81

    When GREED comes to play… logic not applicable. That’s how it BURSTS.

  82. iki
    September 8th, 2013 at 14:21 | #82

    hope jw marriot really here

  83. Pen-Condo
    September 8th, 2013 at 14:32 | #83

    @iki
    JW Marriott here, price will be easily above RM1200 psf

  84. Pen-Condo
    September 8th, 2013 at 14:35 | #84

    @Chocolate
    Agreed, purchasers only need to pay neglible amount to get a unit. The rest DIBS, 4 years later only take delivery. Why not??

  85. Pen-Condo
    September 8th, 2013 at 14:43 | #85

    @Rich Man

    To Singaporean, Hong Ki & Mainland Chineses, cheap!!! To us, is like KLCC pricing!!

  86. Rich Man
    September 8th, 2013 at 14:58 | #86

    Pen-Condo :
    @Rich Man
    To Singaporean, Hong Ki & Mainland Chineses, cheap!!! To us, is like KLCC pricing!!

    To me is damp cheap too…

    Foreigners are not stupid, they follow the wind as well. When it bursts, they run and you stay.

  87. YS
    September 8th, 2013 at 15:09 | #87

    @simon
    Different people, different view. Hopefully Tropicana 128 macalister will be come landmark of Georgetown later on. And hope PTS will improve the situation during the completion of phase3,4 and 5(Hotel). Hope both project will give another new image of Georgetown. New View, New Sign ,New landmark and Reputation of Georgetown.

  88. YS
    September 8th, 2013 at 15:16 | #88

    @HUAT
    In short to say, PTS condo success or failure…and value of condo is depend on the performance of PTS shoplot and shopping center downstair. If shopping mall success..meaning PTS condo also success..If Downstair shopping center skrew up mean condo value also ….so so..so..

  89. YS
    September 8th, 2013 at 15:19 | #89

    In short to say, PTS condo success or failure…and value of condo is depend on the performance of PTS shoplot and shopping center downstair. If shopping mall success..meaning PTS condo also success..If Downstair shopping center skrew up mean condo value also ….so so..so..

  90. condomana
    September 8th, 2013 at 16:25 | #90

    @Mark Jefferson,

    You are right. This project should “MAKE YOU FEEL LIKE” ByTheSea is reasonably priced. However, since ByTheSea is not completed yet, and you have yet to rent it out for RM7000, you still have to wait for another few years to verify your feeling…..:)

  91. Pen-Condo
    September 8th, 2013 at 17:27 | #91

    @Rich Man
    No buyer, how to run?!

  92. Rich Man
    September 8th, 2013 at 18:56 | #92

    Pen-Condo :
    @Rich Man
    No buyer, how to run?!

    Yes, they dumb them. Remember KLCC price drop in year 2008?

  93. Pen-Condo
    September 8th, 2013 at 22:59 | #93

    @Rich Man
    Eventhough price drop but it recover very fast especially the smaller sizes. But then depends on what types of buyers
    1) Own use – up or down immaterial
    2) Investor for rental returns – don’t really bother should returns able to cover maintenance fees plus repayment
    3) Speculator – This is the scarry group, should greater than 50% consists of this group, then worrisome

  94. iki
    September 11th, 2013 at 22:23 | #94

    Anyone went to check the sales chart recently?

  95. Pen-Condo
    September 11th, 2013 at 22:41 | #95

    @iki

    No sales chart display. When you want to make booking, sales staff will show you their chart with many units crossed “X”

  96. iki
    September 11th, 2013 at 22:58 | #96

    wow…all sapu habis..

  97. Pen-Condo
    September 11th, 2013 at 23:19 | #97

    @iki

    Don’t know who sapu all the 71 units Neo Suite, the 88 units of Residence which are above Neo Suite price higher are almost all gone. Well, there is still opportunity to buy Neo Suite in Tower 1, 218 Macalister only make units at Tower 2 available before official launch I guess

  98. Pen-Condo
    September 13th, 2013 at 20:17 | #98

    Brochure is ready

  99. Pen-Condo
    September 15th, 2013 at 07:52 | #99

    Tower 2, 71 units Neo Suite completely SOLD, 88 units Residence left not many units, all 683 units taken, 993, 997 & 12xx units still available but not many

  100. Fab
    September 15th, 2013 at 10:40 | #100

    don’t worry. There will be loan rejected units as well.

    Scott residence by Red Rock Hotel next to this is only going for RM550/sft onwards.

    Why pay double when you can get it for a half the price next door, right?

  101. Pen-Condo
    September 15th, 2013 at 11:30 | #101

    @Fab
    Is a different market, Scott units are 2035 SF, only 62 units, maintenance will be high in the long run in view of low density.

  102. Pen-Condo
    September 15th, 2013 at 11:50 | #102

    In a way the Scott Residence at 220 Macalister is good for 218 Macalister as it block the view to Log Guan Lye Specialist Hospital.

  103. Dansen
    September 15th, 2013 at 13:03 | #103

    We can see the different between PTS & 218 tropicana macalister in next 4 years time..!!! Shine the Georgetown City!!

  104. Pen-Condo
    September 15th, 2013 at 13:38 | #104

    Many ongoing development & future development will definitely change the skyline

  105. Dansen
    September 15th, 2013 at 13:57 | #105

    @Pen-Condo
    Can you share me…which project is more suitable for buyer who are looking for own stay in stead of invest? PTS(phase 1,2,3) & Tropicanca macalister? What is the advantage & disadvantage for both project? I was looking to buy a unit either new launch project or subsale also..at Georgetown area…Thanks!

  106. Pen-Condo
    September 15th, 2013 at 20:27 | #106

    @Dansen

    PTS is situated in an excellent location with the right mix development BUT unfortunately the retail lots are SOLD as per information gathered, where control of tenant is not within developer’s jurisdiction, retail lot owners can do what they like with no uniformity. This is what happened to Times Square in Kuala Lumpur.

  107. Dansen
    September 15th, 2013 at 23:13 | #107

    @Pen-Condo
    I understand that phase 1 &2 is not own by developer..Anyhow ivory will take up phase 3 shop lot..and the holding power will be under ivory. I feel that should be better..How about tropicana 218 macalister? Look little bit expensive compare to PTS also..

  108. Rich Man
    September 16th, 2013 at 08:33 | #108

    How can you compare 218 and PTS? The land size is different. 128 should be compared with FIMA at Burma Road, LOL.

  109. Rich Man
    September 16th, 2013 at 08:40 | #109

    People just don know what they are buying… This is nuts.

  110. Joker
    September 16th, 2013 at 13:37 | #110

    @Rich Man
    Thats why we are earning rich man money…Foolish ppl..People develop and you give us the money..Welcome to tropicana 218 macalister Joker group..Another foolish guy dump the money to this project..

  111. Pen-Condo
    September 16th, 2013 at 15:41 | #111

    Wow, Penang eventually will be FULL of FOOLS according to RICH MAN & JOKER, many condominiums in Penang now are priced above RM1000 PSF!! Still people are buying into them,

  112. hello
    September 16th, 2013 at 16:23 | #112

    @Pen-Condo
    The project currently in the city area..new launch project al above RM1000psf..For me i rather buy in subsale with choosing better location and buy..More choice and variety..RM1000psf is really over..value…

  113. Pen-Condo
    September 16th, 2013 at 16:26 | #113

    @hello
    Understand SP Setia V-Residence Block B is selling from RM1300!!!
    Penang Island has become a place for the rich??!!

  114. hello
    September 16th, 2013 at 16:40 | #114

    @hello
    Any comment? Or your mgs already deleted?

  115. hello
    September 16th, 2013 at 16:42 | #115

    @Pen-Condo
    That one is for really rich ppl..in penang to buy..What do you think? Our penang condo price will wick up how many percent after 2014 budget been anounce? 15% or 20%?

  116. Joker
    September 16th, 2013 at 16:48 | #116

    @Pen-Condo

    All the foolish rich ppl money been earn by smart..developer..Penang property will wick up high and high after budget 2014..end of the year we can see the sign of increase already. I hear PTS @ Birch plaza phase 1 going to RM750k minimum by this december..Good luck to all the buyer..And the problematic gurney park condo going up to 780k minimum..Crazy..rich ppl..

    @hello

  117. Pen-Condo
    September 16th, 2013 at 17:03 | #117

    I wonder where these purchasers come from?? Buying these properties like piece of cake!!!

  118. hello
    September 16th, 2013 at 17:25 | #118

    All is about fake investor..Internal sale person already took up and relesea to you if you are interested. So they will call it as sold out the unit already..SP V residence is for absolute rich ppl to buy.. And developer will earn absolute rich and stupid rich ppl money..buta buta earn. Tropicana 218 also is the same issue..all sapu the lower floor habis..RM1000psf..Really is over and over…Even PTS@ The Wave also is just about RM700psf..For own stay i will rather going to subsale market find the reasonable price unit and buy insteadof just let the crazy developer go and call up the price and the buyer just throw their money into developer pocket..

  119. Pen-Condo
    September 16th, 2013 at 19:11 | #119

    @hello

    Any recommendation? Of between RM 500 PSF condominium with well managed facilities, security.

  120. hello
    September 16th, 2013 at 19:28 | #120

    Miami Green…RM500psf to RM600psf at tanjung bunga

    @Pen-Condo

  121. Felicia
    September 16th, 2013 at 22:07 | #121

    @hello
    Different location. Batu Ferringhi traffic is carzy

  122. Felicia
    September 16th, 2013 at 22:18 | #122

    @hello
    In fact Miami Green is not a bad condo at RM500-600 PSF, maintenance too at RM0.18 is very reasonable.

    By the way, when newly launch, what was the selling price, RM 300 PSF>>

  123. Fab
    September 16th, 2013 at 22:46 | #123

    @hello
    I agree with you hello. I went for the i-property expo last weekend.

    The charts are all full but all of a sudden the sales person told me that there are 2 units that the original buyer decided not to proceed with and the sales person is holding their deposits.

    So she told me if i am interested i have to give her a reply by the next day.

    Sounds fishy to me.

    Certainly overpriced. Good location though.

  124. Jun
    September 16th, 2013 at 22:51 | #124

    Miami Green condo is a good condo for own stay..Nice seaview as well..

    @Felicia

  125. Felicia
    September 16th, 2013 at 22:53 | #125

    @Jun
    No doubt is excellent, but the distant to CBD can be annoying

  126. hello
    September 16th, 2013 at 22:56 | #126

    @Fab
    If want to say good location…Penang time square is the best location..Anyhow ivory need to improve their management to tie in more attractive company branded in to phase 3 to improve time square condition.. Shopping center is the major issue..for PTS. As for condo..still in reasonable price and good for own stay actually..

  127. Fab
    September 16th, 2013 at 23:02 | #127

    @hello
    there are many existing condos in Penang that are going for good prices.

    It is just that many people just prefer to buy new launches. Since developer is giving 7% rebate on their 10% deposits and 3% discount as well.

    So if they can get their loans approved, all they have to come up with would be the 3% of the total amount. DIBS until completion. SPA and legal fees paid for.

    Should avoid such projects because the sub sales will see a lot of speculators throwing it for a quick profit

  128. condomana
    September 16th, 2013 at 23:03 | #128

    @Pen-Condo

    Yes. It shouldn’t be that difficult to find something that costs ~RM500/sf with good “PROVEN” mgmt and facilities..:)..Whereas 218 is still an unknown. Something might be worth noting is the quality of facility management & security actually lie in the hands of the management corporation which consists of unit owners. The quality of MC is not directly related to the selling price of property. More often then not, a mixed development like 218 would face issues of conflict of interests between parcel owners whose main usage of the units are residential vs commercial.

  129. Pen-Condo
    September 16th, 2013 at 23:03 | #129

    @Fab

    Meaning all SOLD even before official launch!!! Which 2 available? The Neo Suite or the Residence. Is the similar situation as Penang World City TBR, as people will just booked but later realised wrong decision, fortunately developer allow full refund.

    Was told Neo Suite is commercial while the Residence is residential. 218 is adopting a different concept. I saw the plan of bigger size unit, with 2 entrances

  130. Pen-Condo
    September 16th, 2013 at 23:12 | #130

    @Fab
    In a project where speculator can flip and make profit is consider not bad, translate to market acceptance

  131. Pen-Condo
    September 16th, 2013 at 23:19 | #131

    @condomana
    Agreed, still plenty of condo at between RM500 to 600 PSF can be found. But then the entry level is different, whereas for new launches, purchasers enter almost at the same RM/SF. As such, ability to hold is crucial should market reverse.

    For 218. There will be 208 units of hotel rooms, manage by Develiper’s own company will be added advantage for the rest

  132. condomana
    September 16th, 2013 at 23:57 | #132

    @Pen-Condo

    Not only could there be vast difference in interest between the various sub MCs (hotel, suites, service apts etc), there could even be vast difference within each sub mc. Maintenance and sustainability issues arise when various MCs can’t work with each other.

  133. Felicia
    September 17th, 2013 at 00:21 | #133

    @condomana
    Maintenance fee and sinking fund is based on share unit, as such there should be no issue.
    208 hotel 41%
    211 Neo Suite 41.6%
    88 Residence 17.4%
    ——
    507 Total 100%

    Not a single party having majority of 2/3 which is needed for AGM quorum, each party needed another to make it work. Fortunately there are professional that can be engages to help with the elected committee virtually running the show.

    Proper & well manage condo will definitely command good market value.
    ====

  134. condomana
    September 17th, 2013 at 00:40 | #134

    @Pen-Condo

    By the way, there are a few litigation cases in penang between MCs and developers over asset entitlements for this type of mix development after the developer sold the block of hotel rooms to a third party. It is usually very costly for MCs to get involved in such litigation, but not doing so would expose the MC to legal actions later from parcel owners when something goes wrong. The housing ministry has fine-tuned the strata title act over the years to close loop-holes and minimize friction, but we are still far from perfect.

    In short, you should be aware of all these before you commit yourself to such mix development (besides the high price), don’t get involved in the heat of the moment, unless your only purpose is for the short term. Then again, even for one night stands, you have to make sure you’re protected…;)

  135. Pen-Condo
    September 17th, 2013 at 08:35 | #135

    condomana :
    @Pen-Condo
    By the way, there are a few litigation cases in penang between MCs and developers over asset entitlements for this type of mix development after the developer sold the block of hotel rooms to a third party. It is usually very costly for MCs to get involved in such litigation, but not doing so would expose the MC to legal actions later from parcel owners when something goes wrong. The housing ministry has fine-tuned the strata title act over the years to close loop-holes and minimize friction, but we are still far from perfect.
    In short, you should be aware of all these before you commit yourself to such mix development (besides the high price), don’t get involved in the heat of the moment, unless your only purpose is for the short term. Then again, even for one night stands, you have to make sure you’re protected…;)

    Anyone here represent Developer?? Please enlighten us.

  136. condomana
    September 17th, 2013 at 10:34 | #136

    @Pen-Condo,

    Haha, very “good” question. Very soon, you would have someone explaining here how this 218 is structured in such a way that there will be minimum risk for any legal entanglements…;)

    @Felicia

    My take is, you have not personally actively involved in any MC/JMC. When disputes arise, things get far more complicated then 2/3 quorum, especially when you’re up against a corporate entity that owns 41% of total shared units…:) Litigation bills typically cost about RM20k a month, and it could drag on for years.

  137. Pen-Condo
    September 17th, 2013 at 16:03 | #137

    @condomana
    I presumed the Tropicana’s staff do own several units there, they too are concerned of the well running of the condo by management corporation.

  138. max
    September 18th, 2013 at 05:48 | #138

    Take a small shopping mall in Lip Sin as an example, the tussle between the developer and committee took years to settle. (involving police, MPPP and politician)

  139. lol
    September 18th, 2013 at 07:57 | #139

    Most of the staff s bought at much cheaper prices and reselling it for a 30 percent premium now just by transferring deposits. Sad but true!

  140. Pen-Condo
    September 18th, 2013 at 09:10 | #140

    @lol

    Any Tropicana staff here, please said something!!!!

  141. Dandy
    September 18th, 2013 at 21:01 | #141

    I heard the same as well.

    This kind of practices are actually quite common nowadays.

    For example, BSG property practices this as well. Own members gets it for RM500.sft. The soft launch they will be selling for RM630-650/sft

  142. Pen-Condo
    September 19th, 2013 at 19:34 | #142

    @Dandy

    One of the method to reward staff, similar to many corporate giving ESOS at below market value.

  143. Dandy
    September 19th, 2013 at 23:00 | #143

    The thing is, non-staff but friends will get such prices as well. As for the staff, they flip it over to future potential buyers at a premium to make a quick buck.

    It is a case now a days.

  144. lee
    September 19th, 2013 at 23:13 | #144

    @Dandy
    What a joke!!! Lousy project…

  145. Felicia
    September 19th, 2013 at 23:13 | #145

    @Dandy
    Developer using units to offset payment with contractors – more common

  146. Pen-Condo
    September 19th, 2013 at 23:41 | #146

    @lee
    Sounded like Mr Cold Water, please support statement with facts & justifications.

    Please also list what & where are
    1) Excellet projects; 5 stars, 4 stars
    2) Average projects; 3 stars
    2) Lousy projects; 2 stars, 1 star, no star

  147. 123 Property
    September 20th, 2013 at 08:58 | #147

    Wow RM1100 psf…

    Setia V Residences Tower B at Gurney Drive which was just open for booking yesterday…

    RM1100-RM1300psf…Which is a better location…

  148. condomana
    September 20th, 2013 at 11:18 | #148

    @Pen-Condo

    Interesting that you brought up ESOS. You are right, ESOS is widely being used by listed corporations to motivate employees. Information for ESOS allocation has to be made public, as well as share ownership of directors and related parties. If the same principal goes for properties, that means the developers would have to be upfront with walk-in customers about related party “bookings”. Related parties could be staff, contractors, contracted lawyers and bankers etc….:)

  149. Felicia
    September 20th, 2013 at 15:54 | #149

    @123 Property

    Bigger sizes an as such bigger outlay

  150. Felicia
    September 20th, 2013 at 16:23 | #150

    @123 Property
    Which is better, 218 Macalister or SP V-Residence??
    218 Macalister starts from 683 SF
    V-Residence starts from 26xxSF

  151. Pen-Condo
    September 20th, 2013 at 20:08 | #151

    @condomana

    Not all developers do that but some did, I attended SP Setia ballot, they announced just before the ballot that the chart shown on board are units being booked by staff.

    On the other hand, should you be a developer, what would you do when you have your staff welfare to take care, your long-term business partners to maintain & to nurture further. Their support is needed, by giving them 5, 10 or 15 % seem acceptable? There is a cost factor to be considered by developer, certain margin will have to be made to sustain operations; I presumed operating cost can be high especially certain developers has so many Datuk Datuk, top management with high salary & perks. No one will sell at a loss.

  152. Felicia
    September 25th, 2013 at 21:43 | #152

    Any update on launch, it appear to be a very quiet note??

  153. gfive
    gfive
    September 26th, 2013 at 13:57 | #153

    I think they are in the misdt of getting the Advertising Permit. That is the reason why

    they have not officially launch the project yet.

  154. 123 Property
    September 29th, 2013 at 15:37 | #154

    @Felicia

    Setia V residences 1300sf to 1800sf for tower B…

    Similar pricing…

    Always when you buy a property…Location Location and Location

    This is what all investors look at…

    Gurney will always be Gurney and you will not go wrong…

    Guess that is why SVR Tower B sold 90% during their soft launch

  155. Pen-Condo
    September 29th, 2013 at 18:03 | #155

    123 Property :
    @Felicia
    Setia V residences 1300sf to 1800sf for tower B…
    Similar pricing…
    Always when you buy a property…Location Location and Location
    This is what all investors look at…
    Gurney will always be Gurney and you will not go wrong…
    Guess that is why SVR Tower B sold 90% during their soft launch

    There is a different between this 2 projects
    1) Pricing PSF is slightly lower at 218 after discount
    2) The sizes are smaller at 218
    3) As such, capital outlay is different, which translate to affordability
    4) 1 is located at Gurney Drive whereas 1 is located near makan stalls, however still walking distant to Gurney Drive but has hotel within.

    Each project has its pro & con

  156. Felicia
    October 2nd, 2013 at 21:56 | #156

    iproperty.com magazine has write up on 218 Macalister

  157. condomana
    October 3rd, 2013 at 00:47 | #157

    @Pen-Condo

    Setia V would surely beat Mac 218 if you compare. No doubt.

    @Felicia

    The write up says ….”Due to its location and quality of life, Penang attracts foreign direct investment mainly from Singapore and Hong Kong, but is also a destination of choice for Malaysia My Second Home (MM2H) beneficiaries. Hence, property prices tend to appreciate over a relatively short period of time.” So…sounds like they are pitching property purchase by foreigners are pushing up prices. Do you agree?

    Some people keep saying only 2% of all transactions are foreign purchase, so it is not pushing up prices. So should the state put in some control to moderate pricing to protect the hard working middle class, people who don’t speculate on properties?…:)

  158. lol
    October 3rd, 2013 at 07:19 | #158

    @condomana
    the truth about “price elasticity” has everything to do with cheap credit.

    So, i am very sure it is the banks and of course the developers taking advantage of the cheap credit.

    Nothing to do with the foreigners.

    E&O has been setting the benchmark for prices in Penang for many years now. SDB came along to set a new benchmark for Batu Ferringhi. YTL is about to set a new benchmark in town area. Hunza and SP Setia are pushing prices up along Gurney Drive.

    Most of the buyers are locals.

    Not to worry because cheap credit doesn’t come cheap anymore.

  159. Pen-Condo
    October 3rd, 2013 at 13:10 | #159

    condomana :
    @Pen-Condo
    Setia V would surely beat Mac 218 if you compare. No doubt.
    @Felicia
    The write up says ….”Due to its location and quality of life, Penang attracts foreign direct investment mainly from Singapore and Hong Kong, but is also a destination of choice for Malaysia My Second Home (MM2H) beneficiaries. Hence, property prices tend to appreciate over a relatively short period of time.” So…sounds like they are pitching property purchase by foreigners are pushing up prices. Do you agree?
    Some people keep saying only 2% of all transactions are foreign purchase, so it is not pushing up prices. So should the state put in some control to moderate pricing to protect the hard working middle class, people who don’t speculate on properties?…:)

    Foreigners are only allow to buy properties at RM1 million and above in Penang, while other states is RM500k. Government is contemplating to revise all to RM 1 million or maybe at RM800k.
    Units at 218 Macalisters are below RM1 million for smaller units, cannot be purchased by Foreigners?? Right??

    Anyway, whether purchasers go for 218 or V-residence, is each decision and could be for different purpose. Difficult to judge the complex factors of buyers requirement.

  160. condomana
    October 3rd, 2013 at 14:21 | #160

    @Pen-Condo

    I am merely quoting what’s mentioned in the write up on iProperty….:)

    Looks like when they try to hard sell their properties, they will say upside potential high because foreigners interested in Penang. When they try to justify why authority shouldn’t restrict foreign buying to moderate price increase, they will say foreign purchase is negligible..:) Oo Ee Kong, Boh Lu Kong!..And at the end of the day, as long as they can still show you booking chart full of stickers, who remembers who said what!!?..:D

  161. Pen-Condo
    October 3rd, 2013 at 15:35 | #161

    Well, there are just too many rich people around, probably rich man collection. At times we see people just snap up few units. Just take a look at them, having few luxury cars.

    At times, I wonder of real demand. In many condo, we can see the occupancy rate is that that high

  162. Felicia
    October 17th, 2013 at 09:28 | #162

    When will be the official launching?

  163. condomana
    October 17th, 2013 at 09:45 | #163

    @Felicia

    Does it matter when?…:D

  164. Felicia
    October 23rd, 2013 at 12:42 | #164

    condomana :
    @Felicia
    Does it matter when?…:D

    Yes, it mean APDL has been obtained

  165. sokohaw
    October 23rd, 2013 at 17:08 | #165

    I booked 1 unit of typeB4 not long ago, plan to use it for own stay few years later. However, after deep consideration, I feel that the price is a bit “over” if comparing to other projects nearby, even after 4 years later…….that area worth 1.1k/sqft? Any comments?
    Really can’t believe that 1 sqft of condo = 2x more expensive than 1 sqft of semi-D now.

  166. Felicia
    October 24th, 2013 at 00:32 | #166

    sokohaw :
    I booked 1 unit of typeB4 not long ago, plan to use it for own stay few years later. However, after deep consideration, I feel that the price is a bit “over” if comparing to other projects nearby, even after 4 years later…….that area worth 1.1k/sqft? Any comments?
    Really can’t believe that 1 sqft of condo = 2x more expensive than 1 sqft of semi-D now.

    Type B4 is 977SF facing Macalister Road, right? Is this Neo suite or Service Residence?

    There is a difference between Neo Suite & Service Residence, the former is commercial title and later is residential title; commercial rate & residential rate for utilities.

    For Neo Suite, some might use them for commercial purpose, ie. office. I am not sure of the complication, 8 units per floor, 1 for residential and the rest become office, look a little funny eh?

    For own stay I personally think should not be an issue especially of its excellent location, right in the CBD area. In addition, in view of security issue in Malaysia, gated & guarded landed properties is the trend and these don’t come cheap anymore. Alternative is condo living.

    I presume at this entry level, everyone enter at the same level. However, should you go for the secondary market properties, your entry level is much higher than existing owner and should market fall, you will feel uneasy psychologically. Assuming market price falls below your purchase price, you will feel very uncomfortable whereas the 1st owner or subsequet owner who bought prior to market uptrend in 2010, their cost is still below market price, they still can dispose with margin.

  167. Felicia
    October 31st, 2013 at 15:27 | #167

    218 Macalister looks very quiet??

  168. lee
    October 31st, 2013 at 16:18 | #168

    Very expensive this project, me still receive sms from them, many units left unsold.

    Felicia :
    218 Macalister looks very quiet??

  169. soo
    October 31st, 2013 at 16:21 | #169

    Property developer Happy days its over.

    lee :
    Very expensive this project, me still receive sms from them, many units left unsold.

    Felicia :
    218 Macalister looks very quiet??

  170. Felicia
    October 31st, 2013 at 16:45 | #170

    Wonder what goodies are they planning

  171. YK
    November 3rd, 2013 at 08:40 | #171

    is this a good price for this area – $1200 psf

  172. Pen-Condo
    November 11th, 2013 at 19:01 | #172

    YK :
    is this a good price for this area – $1200 psf

    Heard 20 units left for 1st block at the recently concluded property fair in KL

  173. sokohaw
    November 13th, 2013 at 16:40 | #173

    20 units left means >85% sold for 1st tower, consider good sale for high end project.
    Heard that JW Marriot will be coming, not sure how true is it.

    Felicia,
    My unit is a serviced apartment(facing Mayfair). Thanks for your comments. I think they haven’t got approval yet as no official launching so far, and my 10k booking fee is still with their solicitor I guess.

  174. SiaoLang
    November 13th, 2013 at 17:41 | #174

    @sokohaw

    Is it legal to collect booking fees before SnP? Even if it’s through the lawyer.

  175. sokohaw
    November 13th, 2013 at 18:01 | #175

    @SiaoLang
    That’s how all developers do so far, I think it’s ok as long as the project has been approved.

  176. Felicia
    November 14th, 2013 at 17:13 | #176

    sokohaw :
    20 units left means >85% sold for 1st tower, consider good sale for high end project.
    Heard that JW Marriot will be coming, not sure how true is it.
    Felicia,
    My unit is a serviced apartment(facing Mayfair). Thanks for your comments. I think they haven’t got approval yet as no official launching so far, and my 10k booking fee is still with their solicitor I guess.

    RM10k payable to lawyer has been cleared. Anyway, is booking fee and should we decide not to proceed, they have to refund booking fee in FULL

  177. coco
    November 14th, 2013 at 18:02 | #177

    I will cancel my booking . Decided not to go for it.

  178. Pen-Condo
    November 14th, 2013 at 21:18 | #178

    coco :
    I will cancel my booking . Decided not to go for it.

    Haha,
    More cancel better … For the price to reduce for the benefits of those who hang on.

  179. Felicia
    November 14th, 2013 at 22:58 | #179

    Pen-Condo :

    coco :
    I will cancel my booking . Decided not to go for it.

    Haha,
    More cancel better … For the price to reduce for the benefits of those who hang on.

    I wish, make it affordable???

  180. Felicia
    November 15th, 2013 at 22:34 | #180

    What and How is the market reactions to the recent government measures is curbing speculation by announcing upwards revision in RPGT, abolish DIBS in 2014?

  181. SiaoLang
    November 15th, 2013 at 23:27 | #181

    @Felicia

    I think it is still too early to tell.

  182. sokohaw
    November 21st, 2013 at 15:59 | #182

    Just informed by Tropicana Sales team, confirmed Tropicana & Marriot will develop 200rooms hotel at 218 Macalister known as “Courtyard by Marriot”, completion ~2018. Hopefully it’ll come true, Georgetown really need more big names to upgrade it’s fame.

  183. Pen-Condo
    November 21st, 2013 at 21:14 | #183

    Today news reported – Courtyard Marriott is the confirmed hotel at 218 Macalister, RM300 million, 200 rooms hotel.

  184. Felicia
    November 22nd, 2013 at 22:52 | #184

    sokohaw :
    Just informed by Tropicana Sales team, confirmed Tropicana & Marriot will develop 200rooms hotel at 218 Macalister known as “Courtyard by Marriot”, completion ~2018. Hopefully it’ll come true, Georgetown really need more big names to upgrade it’s fame.

    Now the price tag at above RM1,100 PSF looks reasonable?

  185. sokohaw
    November 26th, 2013 at 18:02 | #185

    @Felicia
    Now reaching RM900 PSF, still need few more big names such as Hermes, Gucci, Prada, LV etc to fill up the boutique shops and attract beautiful ladies to decorate the whole area………then RM1100 PSF considered reasonable : )

  186. Felicia
    November 28th, 2013 at 00:00 | #186

    sokohaw :
    @Felicia
    Now reaching RM900 PSF, still need few more big names such as Hermes, Gucci, Prada, LV etc to fill up the boutique shops and attract beautiful ladies to decorate the whole area………then RM1100 PSF considered reasonable : )

    No need big names, Penang declares independence and the price will go above RM 2000 PSF ….Possible??

  187. Pen-Condo
    December 8th, 2013 at 14:42 | #187

    Prices kept going up despite government measures to curb speculation!!!

  188. hook
    December 8th, 2013 at 16:36 | #188

    @Pen-Condo
    What is the price per sqf on the georgetown condo right now?

  189. Felicia
    December 27th, 2013 at 23:05 | #189

    Very quiet after Nov 21 news??

  190. cullymi
    December 28th, 2013 at 00:19 | #190

    aahh…..now I know why tropicana needs to charge buyers so expensive for this property, because it needs the money to subsidize the management fees that it has to pay to Marriot to run the hotel. Whether the hotel can make money or not, successful or not, that’s secondary. Tropicana can always sack Marriot and replace it with a low grade hotel manager (maybe swiss garden) later on…..:)

  191. J & J
    December 28th, 2013 at 01:23 | #191

    @cullymi

    You eat ‘cullymi’ too much, advisable to eat ‘hokkien mee’ sometimes.

  192. sokohaw
    December 31st, 2013 at 16:00 | #192

    Everything is uncertain until we see it. It’s sort of “gambling” when comes to buying a property. As usual, before and after normally got big difference but it depends a lot on the developers….either reputable or Phua Chu Kang type : )
    Anyway, S & P not yet sign and DIBS will definitely invalid now. Not sure what kind of offer will be provided by Tropicana? Rebates? Free furnitures or Free mgmt fee for few years??? Lets wait & see.

  193. CC
    January 12th, 2014 at 21:36 | #193

    Supply exceeded demand in Penang properties. with government intervention in imposing several measures; RPGT, no DIBS, prudent lending by banks, LTV consideration… prices has to be adjusted for this 218 Macalister. Any news??

  194. CC
    January 23rd, 2014 at 23:31 | #194

    Heard launching soon for units above hotel, some time in March

  195. gfive
    gfive
    January 25th, 2014 at 12:44 | #195

    Hi cc, I was told that they are going to launch it during the second day of cny.
    I received a call fr the lawyer yterday to sign the s&p.

  196. CC
    January 27th, 2014 at 16:03 | #196

    gfive :
    Hi cc, I was told that they are going to launch it during the second day of cny.
    I received a call fr the lawyer yterday to sign the s&p.

    What is the latest price RM PSF??
    What are the incentives?

  197. Pen-Condo
    January 28th, 2014 at 08:23 | #197

    Be there on 2 Feb to buy if interested. Received information that there will be talk by Ho Chin Soon, Lion dance, etc

  198. CC
    February 24th, 2014 at 14:56 | #198

    What is the progress of take up rate

  199. Cicak
    February 24th, 2014 at 15:02 | #199

    There are already people advertising in Mudah everyday!!

    You go and ask Tropicana lah, how come not sold out meh, they will tell you this time…..”oh, new ruling, the buyer is only limited to buy 4 units only, but he booked 8 units last time, so got 4 units left loh”…..:)

  200. CC
    March 3rd, 2014 at 21:24 | #200

    @Cicak

    haha

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