Why price reduce?
My previous unit buying with around RM 1100/sqft???

Depend on type one. RM1k/sqft is apply to big unit >2k sqft. Smaller unit will have more expensive price.

So they said price correction is really truth…

Price after discount is rm1200psft

Better get a unit at Strait quay. Price doesnt’ increase much since.

Are they sharing the same facility with Quayside?

Yes they are sharing the same facilities. Straits quay doesn’t have the same facilities as Quayside.

This is just one of the Quayside towers with a different name. They seem to be selling at a much lower price than indicated before, I am sure before they were closer to 1,500 per sq foot

yes indeed. middle level was at 1600/sq ft.

The extreme high level was even close to 2k/sqft. That was in 2013 when i went to the showflat.

The rest of the existing quayside was then about $1000/sqft. I feedback to sales staff that though the layout of the floor plan of the new block is much better, but it cant justify the premium extra. The sales manager insisted that all purchasers are smart buyer to pay such prices. I wonder whats the reaction of those who bought at 1600/sqft

I bought one of the earlier Quayside large size units for 800rm psqft, personally I think the layouts in the new towers are not as good, more balcony’s means less internal size. I think 1,000 to 1,200 is fair price

Market was slowing down and i manage to get the offer 30% price deduction on project in Bukit Mertajam, I am not sure the location as i’m not being Bukit Mertajam there before.
Now i just keep my money in foreign currency account better than invest in local property market.

@Stacy
can share which BM project give 30% deduction?

30% of for Orange Villa. SnP is RM550K, Peak is RM850K, Today is RM680K

I went to the office just yesterday their average psf is still around 1500. 1000psf is for the real large unit with big balcony. I like the concept of the development.

Market for 2014 was very good in Penang with an increase of 48% sales in the primary market as stated in the statistics by the Ministry of Housing and I Property Research. It’s only people who are saying it is not good.

When you buy a Ferrari or a Lamborghini do you go in and tell the sales person why so expensive?

When you walk into Chanel or Hermes do you even as the sales staff for discount and ask why a handbag cost RM50,000 or a belt buckle cost RM5,000

If a person do not buy or if an agent do not sell a property, it does not mean that the market is not good.

People are still buying, just that we do not know about it.

Looking at a bigger picture, our property price is still relatively cheap within our region.

is it a good idea to buy a 1-bedroom unit here for investment? What’s the typical rental for a 877 sqft unit that woukd be facing the garden. According to the developer, 18 East Andaman is premium compared to previous units.

Btw, is it true that sea facing units are sought after more than the garden facing ones?

is there any units available for sale in block G Andaman 18? Thanks

Currently living in Andaman, I strongly advice, not to buy or rent seafront unit in Andaman Towers. Because of the reclaiming work for the new island project Seri Tanjung Pinang Phase 2 it is very noisy. Not possible, to open the windows or sitting on the balcony. Developers are allowed to work 24 hours , 7 days per week.
The residents are very unhappy with the situation. Avoid Andaman!