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SummerSkye Residences

July 7th, 2015 Leave a comment

SummerSkye-Residences

SummerSkye Residences, a mixed development at Ideal Vision Park by Ideal Homes in Bayan Lepas, Penang. Strategically located near learning institutions including the proposed new schools: Chung San Primary School and Heng Ee Primary and Secondary Schools as well as the Straits International School. It is only a mere minutes drive to Penang International Airport.

This development comprises:

  • 2 block of 19-storey condominium (507 units)
  • Shop offices (78 units)

More details to be available upon project launch.

Property Project : SummerSkye Residences
Property Type: Mixed development
Location :
 Ideal Vision Park, Bayan Lepas, Penang
Land Tenure : Freehold
Built-up Area:  1,100 sq.ft. & 1,200 sq.ft. (condo)
Total Units: 507 (condo), 78 (shop offices)
Indicative Price: RM598,000 onwards
Developer : Ideal Property

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.)

Location Map:

Categories: Bayan Lepas Tags:
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  1. RP D
    buyer1
    July 7th, 2015 at 07:06 | #1

    Price? sqft?
    So many property in Penang, good or not?
    Good to maintain property price…?

  2. sapu sapu
    July 7th, 2015 at 09:13 | #2

    Lai lai sapu

  3. nichole
    July 7th, 2015 at 09:28 | #3

    how much per sqf? when will launch?

  4. nichole
    July 7th, 2015 at 09:29 | #4

    how many sqf? how much per sqf? when will launch?

  5. Ah Chai
    July 7th, 2015 at 10:18 | #5

    Lai Lai Lai sapu, Is condo again.

  6. lap cheong
    July 7th, 2015 at 11:40 | #6

    that area fully crowed by ideal property.

    @sapu sapu

    you sure bo? market so bad, you are waiting eat lap cheong liao

  7. andy
    July 8th, 2015 at 10:26 | #7

    when launching? wht is the sqft? price?? there are so many condos waiting for buyers and the demand already go down looking at current economical situation… better invest in mainland since more company is setting up there.

  8. dev
    July 8th, 2015 at 13:44 | #8

    Many properties launched, but price is uncontrolled.
    Not everyone affordable to buy.
    Need to control purchase price.

  9. YH
    July 8th, 2015 at 21:07 | #9

    surprisingly the price from 800k onwards.

  10. small unit
    July 8th, 2015 at 23:15 | #10

    haha 800k rebate 200k? still got investor dare to invest? many subsale only around 500k, for stay affordable house below 400k only.

  11. Penang
    July 15th, 2015 at 23:36 | #11

    Indicative price from 570k but ready unit from Elit Bayan & Golden Triangle is also asking around this price or even cheaper!

  12. Mayjor Wong
    August 7th, 2015 at 23:02 | #12

    I’m interested for this project. Kindly provide more details for the above mentioned projects. Thanks.

  13. Penang worker
    September 22nd, 2015 at 16:03 | #13

    hmmm.. not worth to invest with this price.
    Penang so many properties now.
    Subsale even cheaper

  14. eddie
    October 10th, 2015 at 10:38 | #14

    Hi, im interested for this project. please pm me more details, thanks

  15. angie
    November 12th, 2015 at 23:41 | #15

    detail pls

  16. ricky lee
    November 14th, 2015 at 18:29 | #16

    please send more detalls

  17. logic
    November 15th, 2015 at 22:55 | #17

    @Penang worker
    Go ahead then…nobody asking you to buy

  18. Yao
    November 16th, 2015 at 11:44 | #18

    @logic
    lol…ideaL staff? could be the manger or the boss who commented this. No need to hide la, Cheap price happens for reasons la. oversupply d la. i warn you guys who ever thinks the price in that area still can boost you wait 10 years la. better get rid of whatever properties you have in that lousy area before u cant sell off in future. Especially highrise condo.

  19. hong
    November 19th, 2015 at 05:38 | #19

    everyday can see planes up & down, enjoy thunter sound surround system. hahaha

  20. VINCE
    November 19th, 2015 at 13:42 | #20

    only 1,100 & 1,200sf available, rental subsidy of 20K, free 2 car parks, 0 documentation cost

  21. June goh
    November 24th, 2015 at 16:03 | #21

    Hi, anyone interested in a unit, kindly call 0124278545 ya

  22. panda
    panda
    December 8th, 2015 at 19:08 | #22

    Hi….i have booked a unit in summerskye last week. May i know anyone else booked a unit as well? I am excited. Hehe.

  23. skye
    December 11th, 2015 at 03:42 | #23

    @panda

    Hello Panda, I have booked one as well. 1,200ft
    what about you?

  24. panda
    panda
    December 11th, 2015 at 08:56 | #24

    @skye
    Mine is 1100 sqf. Tower 1b.

  25. 1stTimeBuyer
    December 11th, 2015 at 11:22 | #25

    @panda
    I booked 1 unit as well. 1100sqf

    Actually is the price consider expensive for this project?

  26. panda
    panda
    December 12th, 2015 at 10:34 | #26

    @1stTimeBuyer,
    For me, the price is acceptable and affordable.
    I am buying for my own stay.

  27. Iambroke
    December 22nd, 2015 at 02:30 | #27

    Fyi, get to know All project from Ideal Property, upon completion there will be gangster contractor force you to take up their renovation service or else need to pay so-call “sampah fee”. They charge ridiculous price. Many owner of Ideal Property is facing this issue, and the developer didn’t help to solve this issue, worst still allowing them to set up a booth in the building. So think twice before make the choice to buy their project.

  28. John
    December 22nd, 2015 at 18:36 | #28

    @Iambroke

    Most of the Penang projects have “sampah” fee. It is unfair to single out Ideal.

    I own a unit at Fiera Vista and the sampah fee was reasonable i.e. RM300. The renovation fee was also reasonable so I had them do it. I am very happy with their work and professionalism.

  29. Iambroke
    December 23rd, 2015 at 19:33 | #29

    @John
    I believe a lot of owners from Ideal Property are facing this gangster issue. Just to share info with all those new buyers. If the buys are happy with the “sampah fee” and their services then just go ahead with your choice.

  30. Fanny
    January 1st, 2016 at 17:15 | #30

    This “gangsta” contractors are in most of the condo projects in Penang. Let’s not single out any particular developer. It is a very childish behavior!

  31. Man Ji Lucky
    January 12th, 2016 at 00:03 | #31

    @Iambroke

    I talked with Ideal sale marketing manager and she said for the coming luxury condo include Summer Skye, for sure will no have gangster contactors any more. Ideal management are aware of this gangster contactors and no good to have them and will spoilt Ideal reputation while there are many upcoming ideal projects to launch after approve by penang housing state government.

    If you got any info about Ideal’s gangster contactors you can write a letter to penang e-perumahan to complaint the developer.

  32. Man Ji Lucky
    January 12th, 2016 at 00:10 | #32

    The summer skye condo price will hit RM1 million next 3 years for 1200 sqft.
    Good location with schools, air port, retailing shop lots and future sky train (LRT) from Komtar to Airport.
    More foreigners are consider to buy property in Penang.

  33. Clover
    January 12th, 2016 at 09:01 | #33

    @Man Ji Lucky

    Prepare to fail if price at RM1mil for 1200sqft.

  34. Man Ji Lucky
    January 12th, 2016 at 22:47 | #34

    @Clover

    My UK friend, John talked to me before the penang property RM1 mil is cheap (around ~ £158k). Their annual salary for an senior staff is around £100k (Education Sector in UK).
    It’s really cheap for them to invest penang property.

    I am more interested selling property to foreigner as Malaysia currency is weaken now and next few years more.

  35. Man Ji Lucky
    January 12th, 2016 at 23:30 | #35

    Based on Penang property study from 2009 to 2014, average increase for island is around 197%.

    But due to uncertainty of world wide economy, prediction the penang island property price average increase will be less than 100% for 5 years. But for sure it will possible increase 50% for the coming 3 years.

    It’s still no regret to buy 1 Summer Skye Residence for investment.

    Don’t miss the opportunity as penang housing price will increase further.

  36. Low Yat
    January 13th, 2016 at 08:51 | #36

    Man Ji, what is your real name in Ideal sales office ? you are doing hard sales to con. lousy job worst than the Ideal gangster contractor.

  37. what_when
    January 13th, 2016 at 11:16 | #37

    Man Ji Lucky :@Clover
    My UK friend, John talked to me before the penang property RM1 mil is cheap (around ~ £158k). Their annual salary for an senior staff is around £100k (Education Sector in UK).It’s really cheap for them to invest penang property.
    I am more interested selling property to foreigner as Malaysia currency is weaken now and next few years more.

    Do your homework please, yes foreigner will invest in Malaysia / penang. But definitely not in south-west district to buy this SummerSkye. Their preferred choice will be north-east district, or QB area.

  38. Man Ji Lucky
    January 14th, 2016 at 00:41 | #38

    @Low Yat
    The ideal upcoming new property at QB area – Queens Waterfront Residences.

    It’s also an attractive property to invest. Don’t miss this opportunity.

  39. Man Ji Lucky
    January 14th, 2016 at 00:49 | #39

    @what_when
    The north-east district property price double compare with south-west district.

    Now Foreigners are smart and they knew north-east district property price will hit saturated, it’s no worth to spend too much money there. They will put money to invest south-west district where got room to increase. The south-west district near airport and has better transportation linking.

  40. pop
    January 14th, 2016 at 11:05 | #40

    @Man Ji Lucky

    You tried too hard…

  41. Man Ji Lucky
    January 14th, 2016 at 22:21 | #41

    @pop
    “Nothing is impossible unless you think it is.” (Paramahansa Yogananda)

  42. Confirm
    January 14th, 2016 at 23:10 | #42

    Man Ji Lucky :
    @pop
    “Nothing is impossible unless you think it is.” (Paramahansa Yogananda)

    Trying to hard sell all the Ideal projects? Please get a life and accept the fact that property market has soften. Even the neighboring project “Fiera Vista” is now cheaper than Summerskye Residence. Fiera Vista is now selling at only RM620K for a 1,450sqft built-up versus Summerskye which is selling at RM600K for a 1,100sqft built-up. Would a buyer go for RM427/sqft or RM545/sqft? It doesn’t take a rocket scientist to figure out which properties to purchase.

  43. Confirm
    January 14th, 2016 at 23:38 | #43

    Man Ji Lucky :
    @Iambroke
    I talked with Ideal sale marketing manager and she said for the coming luxury condo include Summer Skye, for sure will no have gangster contactors any more. Ideal management are aware of this gangster contactors and no good to have them and will spoilt Ideal reputation while there are many upcoming ideal projects to launch after approve by penang housing state government.
    If you got any info about Ideal’s gangster contactors you can write a letter to penang e-perumahan to complaint the developer.

    So you are saying Fiera Vista is not a luxury condo? And of course every developers including Ideal are aware of GC setting up booth and monopolizing renovation. You think they are dumb? They are allowing these blood sucker leeches to suck all the first time buyers hard earn money so that they can get a cut from it too.

    Also stop wasting your time complaining to Jagdeep Singh, this GC issue has been long overdue. If he would have look into this issue in a serious manner, then we wouldn’t have GC roaming around every new projects completed by now. This GC issue has been brought up a few times in the news headline back in year 2014 and Jagdeep Singh “promised” to settle this GC issue back then but as always he is a politician at its best. No Action Talk Only lar!

  44. Man Ji Lucky
    January 15th, 2016 at 23:37 | #44

    @Confirm
    Yup, you are right. The investors have their own points to evaluate the property value they needed.

    For sure, by calculated RM545/sqft, “Fiera Vista” has high cost (1450×545 = RM790.25K than Summer Skye condo (RM599.5k). But location and convenient view, Summer Skye condo is far more better than “Fiera Vista”. This is why ideal selling at RM545/sqft, it’s Summer Skye condo value.

  45. Man Ji Lucky
    January 16th, 2016 at 00:05 | #45

    @Confirm
    Agreed with you.

    We can’t compared Ideal developer with SP Setia and Mah Sing Developer. Definitely Ideal developer is not 5 star developer as it no able to compete with other world wide developers which have business oversea.

    People power and voting and can make Jagdeep Singh no just talk and have to take action one day soon. If he no able to rectify this GC issue, nobody will support and voting him in next election.

    Below is the contacts for penang state government officers.

    https://www.penang.gov.my/images/InfoPantas/DIREKTORI.pdf

  46. DO
    January 21st, 2016 at 17:33 | #46

    @Iambroke

    I own a unit in One Imperial, also a victim of this gangster contractor charges the over price renovation costs plus sampah fee. Ideal property totally ignore the complaint, the management company appointed by them allowed the gangster contractor to set up table at common area, allowed them to blocked the in coming of outside contractors includes delivery of furniture if the owner not paying sampah fee..

  47. Man Ji Lucky
    January 21st, 2016 at 22:57 | #47

    @DO
    Feeling sad to hear from you on the gangster contractor issue.

    How about do you feedback to any Ideal Property Sale Manager on this issue?

    When is the Joint Management Community for One Imperial forming?

    Need to find a way to stop this gangster contractor issue.

  48. kayabun
    January 22nd, 2016 at 07:40 | #48

    Gangster contractor is an easy issue to solve today, only pea-brains like you guys are still struggling with it.

  49. Man Ji Lucky
    January 22nd, 2016 at 22:47 | #49

    @kayabun
    You got any better suggestion to solve this GC issue?

    All folks would to hear from your good suggestion other than comment like C2Pig.

  50. ryu
    January 28th, 2016 at 19:53 | #50

    @Man Ji
    For condo with shop offices, the price cannot shoot up fast, look at Golden triangle, we know the story already;nonetheless, 1 floor got 13 units how to consider as “luxury”?

    If you want luxury condo, look at Raffel Tower @ Gelugor, now people start selling 1400 sq ft with 840k (average price about 600 per sq ft). 5 years later, i can guarantee you, the price wont exceed 750k, The Peak @ Tanjung Tokong s a very good example.

  51. old man
    February 7th, 2016 at 19:50 | #51

    @ryu
    Golden triangle is difference and it’s located at very congested area, if you work for bayan lepas factory, you have to use sg.ara road from relau. Golden triangle really has luxury amenities surrounding and easily to access shop lots, the selling price will shot up and it’s depend on how much profits your earning target. For golden triangle example, when first launch bought at RM280 per sq feet and now up to RM550 per sq feet. If you bought at 1500 sq feet, the you will earn 1500 * (550-280) = RM405k. The biggest sq feet you bought, you will earning more.

  52. old man
    February 7th, 2016 at 20:00 | #52

    For summer skye condo, ideal property doing good on well planned shot lots, amenities and services. It’s luxury condo also. Some more the location is excellent, easily access to airport, factories, schools, wet markets, shopping malls and groceries malls. If you bought at RM RM530 per sq feet, after 5 years shot up RM850 per sq feet, you will earn if you buy 1200 sq feet, 1200 * (850-530) = RM385k. Summer Skye condo price will hit 1 mil after 5 years.

  53. Ryu
    February 7th, 2016 at 20:24 | #53

    @old man, the price @ golden triangle now 430 per square feet, I don’t see those purchasers earn a lot through this project, those people bought Setia project already earn few hundred thousands compared to this.

    If ideal project can reach 1m in 5 years time, no people can stay in Penang island already, all people become a million dollar man. With the launch of affordable houses and poor exchange rate, economy already bad. No points talk much

  54. Ideal for Life
    February 7th, 2016 at 23:29 | #54

    @old man
    I can sure that golden triangle…after 10 years still this project won’t exceed RM700k.. Poor location.. Now already convert to Bangla town.. Operator town.. Ideal is a lousy & hau siau developer..

  55. racqiel
    February 8th, 2016 at 00:05 | #55

    old man :
    For summer skye condo, ideal property doing good on well planned shot lots, amenities and services. It’s luxury condo also. Some more the location is excellent, easily access to airport, factories, schools, wet markets, shopping malls and groceries malls. If you bought at RM RM530 per sq feet, after 5 years shot up RM850 per sq feet, you will earn if you buy 1200 sq feet, 1200 * (850-530) = RM385k. Summer Skye condo price will hit 1 mil after 5 years.

    haha, 850psf in 5 years time in sg ara area? definately wont happen there.

    even tg tokong or tg bungah area I also skeptical it will hit 850psf in these coming 5 yrs.

  56. Ideal for Life
    February 8th, 2016 at 09:22 | #56

    Gong Xi Fa Chai for all the sungai ara..relau..bala pai investor.. Good luck.. Those who buy solaria residence also will cry till dead.. Feel like get cheated. Sure no appreciation in subsale. Now all the condo 1000sqf in this
    area only worth RM450k to RM550k.. Good luck.. Really ONG for developer.. Great strategic..

  57. crazydude
    crazydude
    February 10th, 2016 at 14:22 | #57

    Gong Xi Fa Cai to all Summerskye buyer. =) Ideal For Life: Which project is a good investment?

  58. saintlaurent
    February 23rd, 2016 at 09:05 | #58

    Hi, interested on smaller unit. What is the package now? is the facilities area bigger than one imperial? Please advise

  59. ForeverRed88
    March 5th, 2016 at 23:22 | #59

    To those who purchase Summersky, what is your buying point? I can see at this moment around 85%already sold out ….

  60. Because
    March 11th, 2016 at 17:32 | #60

    buying point? maybe because of other launched new projects (Quin, Sandilands, Tamarind, QuayWest, Tropicana Residence………) are more than 700psf,

    Affordable home is really high dense. (Unit / acre land)

  61. Oldman
    March 12th, 2016 at 08:50 | #61

    @panda you got loan approved? S&P signed?

  62. Mang
    March 12th, 2016 at 19:48 | #62

    Tower1 and 2- 1100 sqf almost fully booked…:-(

  63. John
    March 12th, 2016 at 23:19 | #63

    Opps…Full booked!

  64. Ideal for Life
    March 14th, 2016 at 08:55 | #64

    SOLD OUT.

  65. 1stTimeBuyer
    March 14th, 2016 at 09:27 | #65

    Yalah, susah nak beli dari developer, nampaknya telah sold out.

  66. Olang
    March 14th, 2016 at 10:40 | #66

    I heard 1100sqf *sold* out.

  67. Edi
    March 14th, 2016 at 10:55 | #67

    Interest to 1200 sqf, please pm me hopefully it doesn’t sold out yet.

  68. Amy
    March 14th, 2016 at 14:10 | #68

    Edi :
    Interest to 1200 sqf, please pm me hopefully it doesn’t sold out yet.

    Hi Edi, I have one 1200sf unit to let go, please let me know if you are interested.

  69. OWNER
    March 14th, 2016 at 14:51 | #69

    HEY ANY SUMMER SKYE OWNER?

  70. Newbie
    March 15th, 2016 at 10:49 | #70

    u all buy for own stay or for investment? feel free to share with everyone your view on this property(Pros & Cons). I m still new on this

  71. Kaw
    March 16th, 2016 at 16:51 | #71

    Ideal for Life :
    SOLD OUT.

    Must be selling cheap.

  72. Newbie
    March 18th, 2016 at 11:33 | #72

    any one signing S&P?

  73. jack
    March 18th, 2016 at 15:46 | #73

    I think SUMMER SKYE is good for investment..the main road will be upgrade to 6 lane road in future until sg ara 4 junction. Solaria will be up next to the clover with commercial lot as well. What do u all think about THE CLOVER? Luxury condo with full residential title…

  74. Newbie
    March 18th, 2016 at 16:04 | #74

    @jack
    I prefer The Clovers because of the private lift, just the location not nice compare to Summer Skye.

  75. blackbone
    March 18th, 2016 at 16:10 | #75

    for me…I think location preference is depend on the owner..some of them don’t want to be too close to the main road coz of vehicle noise..but some like it coz it is seem lively. I don’t know about pricing but I think I should be the same rite…

  76. ForeverRed88
    March 21st, 2016 at 07:53 | #76

    @Newbie
    What about you

  77. Newbie
    March 21st, 2016 at 11:57 | #77

    I feel that Summer Skye:
    Pros Reason: 1) walking distance to the proposed LRT station(Airport Station)
    2) side by side to the international school (SIS will be operate on Apr’16)
    3) land around Summer Skye are fully develop, so more predictable on furture
    activity
    4) multiple access direct to the Summer Skye (Jalan Tun Dr Awang, Jalan Sungai
    Tiram or Jalan Sultan Azlan Shah)
    Cons Reason : 1) noise from the plane
    2) noise form Jalan Tun Dr Awang (minor if your unit at higher floor.)

    Pls correct me if I am wrong. Welcome to share your view.

  78. Tree
    March 21st, 2016 at 13:08 | #78

    @Newbie

    You can consider Solaria Residence bumi unit release. The building will be GBI certified.

  79. Newbie
    March 21st, 2016 at 13:36 | #79

    haha y ask me buy that property? any reason?

    @Tree

  80. ForeverRed88
    March 21st, 2016 at 16:45 | #80

    @Newbie
    Spot on. Have you sign S&P?

  81. Newbie
    March 21st, 2016 at 16:57 | #81

    will signing on this coming friday

  82. Newbie
    March 22nd, 2016 at 10:59 | #82

    @ForeverRed88
    HI U SIGN S&P DY?

  83. ForeverRed88
    March 22nd, 2016 at 12:43 | #83

    @Newbie
    Just got my offer letter from bank. Do share your experience when signing S&P.

  84. Newbie
    March 22nd, 2016 at 15:25 | #84
  85. Newbie
    March 22nd, 2016 at 15:26 | #85

    hear that 1100sf sold out dy. still got anyone going to sign the S&P?

  86. Mike
    March 22nd, 2016 at 16:17 | #86

    @Newbie

    How much psf?

  87. Newbie
    March 22nd, 2016 at 16:27 | #87

    mine is lower floor 530psf

  88. Dino
    March 22nd, 2016 at 18:45 | #88

    @Newbie
    your assessment pretty comprehensive!

  89. ForeverRed88
    March 22nd, 2016 at 19:13 | #89

    A little confuse here as Feira Vista is much more cheaper by square feet comparison to Summerskye as of this moment. I don’t get it. Can anyone enlight me what is the logic behind this scenario?

  90. GL
    March 22nd, 2016 at 20:17 | #90

    Heard beside SIS there will be 15 floor offices been built just beside SIS international school, is that firm? Anyone have the news?

  91. jack
    March 23rd, 2016 at 08:56 | #91

    how much is assessment fee?

  92. Newbie
    March 23rd, 2016 at 08:56 | #92

    I think commercial office building will benefit to the shop lot under summer skye. hopefully is quality restaurant.

  93. Newbie
    March 23rd, 2016 at 09:01 | #93

    @jack
    u mean service charge? 180+ 10% sinking fees

  94. Newbie
    March 25th, 2016 at 14:12 | #94

    any comment on the gangster contractor issue in penang?

  95. WF
    March 25th, 2016 at 14:46 | #95

    On GC, why the Sathu, Dua and Tree residency not affected?

    I checked the residents friends, the management office, and outside contractors no such case. can use freely. no force for sands, grill,

    but the condo surrounding got GC.

    why on condos….why not all not subject to GC

  96. cl
    March 26th, 2016 at 21:07 | #96

    Have booked 1 units for summer Skye
    Is it good property investment ?

  97. AA
    March 26th, 2016 at 21:51 | #97

    @cl
    I can say at this moment tis property consider as overpriced. Go to check for the subsale price for fiera vista, reflection n meridian residence maybe you can get bigger sqft with tis price

  98. Dino
    March 26th, 2016 at 21:59 | #98

    @ForeverRed88
    Hi,
    cant compare directly, as FV is now sub-sale, and the available unit is very limited now. With limited units, the open for sale unit on the web (such as Mudah posting) even though is cheaper, but you cant get the best unit / corner / layout that you want. For those unit that met your desired layout, then the price will be slightly higher.

    As for Summerskye, this is new project, you can still choose various unit layout according to your needs, with higher price. Since this is newly launch (last year), cant expect the price to be lower that FV launched price (4 years ago). that’s my point of view :-)

  99. Buffon
    March 27th, 2016 at 00:16 | #99

    Overpriced

  100. cl
    March 28th, 2016 at 03:40 | #100

    @AA
    Thanks for the information
    Indeed Summer Skye is lesser sf with higher price
    Summer Skye and Fierra Vista are nearby , the opposite of each other
    Meridian and Reflection are far away a bit

  101. Newbie
    March 28th, 2016 at 11:16 | #101

    firstly I want to say that comparing feira vista to summer skye in totally unfair, because feira vista launch 4 years ago. That time the property market price is not so competative yet compare to 2016. because of the market become more n more competative so the price increase year by year. until today, the price for a condo price RM500-600 psf is very resasonable (this is fact, can compare with others condo launching on 2015 n 2016). back to the price of feira vista, today feira vista is around 450 – 500psf, this price already give the investor gain alot. property market have slow now because of the implementation of GST, so the price just will have slightly increase. lastly a simple question are u willing to buy a house (feira wista) with Rm 600psf now? or u want to buy a house (summerskye) with Rm 600psf now? no offence, i just prove that, why feira vista price is lower that summerskye.
    in addition, feira vista selling price is low right now, because some investor want to avoid giving more RPGT to IRB

    price of feira vista (info from propowall.my)
    RM468psf Feb16
    RM470psf Jan16
    RM468psf Dec15
    RM473psf Nov15
    RM479psf Oct15

    RPGT charges
    disposal within 3 years 30%
    disposal within 4th years 20%
    disposal within 5th years 15%
    disposal after 5 years 0%

  102. Roy
    March 28th, 2016 at 12:51 | #102

    there will be more coming up at that particular area..Ideal got their new project “paramount solaris” and WHH Land will also coming up near by..mean while Asia Green will complete their luxury condo The Clover early next year.

    Just want to know what is the different between Feira vista vs Summerskye vs the clover…any idea? I think this is the main player for now…

  103. ForeverRed88
    March 28th, 2016 at 18:06 | #103

    @Dino
    Thanks for the feedback.

  104. AA
    March 28th, 2016 at 21:54 | #104

    @Newbie
    Conclusion summerskye won’t sell higher price than fiera vista in near future. If you buy for own stay should be OK but if you buy for investment sorry to say that this is not a good investment at this moment.

  105. Newbie
    March 29th, 2016 at 08:11 | #105

    @AA

    ya, wont have rapid increasing in price, sure the price for FV will more higher than SummerSkye. I buy for own stay, not invest. haha

  106. cl
    March 29th, 2016 at 21:45 | #106

    Hi why Summer Skye cannot rapid increase price ? But FV can?
    SS is condo, have the facilities , below have many shop lots , nearby international school, near airport …….

  107. cl
    March 29th, 2016 at 21:48 | #107

    Thinking of buying but from comments seem SS is expensive and hardly capital gains ….

  108. Think
    March 29th, 2016 at 21:58 | #108

    Don’t buy if you have doubts.

  109. ForeverRed88
    March 29th, 2016 at 22:11 | #109

    @Roy
    From my personal point of view, I would say Summerskye as it is strategically located at the intersection of Jalan Tun Awang and Jalan Sultan Azlan Shah. For me, assessibility is very important for a property to grow and sustain. I would not concurs that Summerskye is the real deal as lots of factor are to determine the outcome of this property performance. Last but not least one must take maintenance fee collection into consideration as well.Collection vs Expenditure=? The better it’s manage the higher return it will be.

  110. Newbie
    March 30th, 2016 at 08:17 | #110

    cl :
    Hi why Summer Skye cannot rapid increase price ? But FV can?
    SS is condo, have the facilities , below have many shop lots , nearby international school, near airport …….

    HI cl, actually Feira vista’s price also increase slowly.info rom propowall
    RM468psf Feb16
    RM470psf Jan16
    RM468psf Dec15
    RM473psf Nov15
    RM479psf Oct15

  111. Newbie
    March 30th, 2016 at 08:18 | #111

    and even drop on feb16

  112. blackbone
    March 30th, 2016 at 11:51 | #112

    More condo will coming up at this area in future…

  113. Newbie
    March 30th, 2016 at 12:06 | #113

    @blackbone

    you are right, that’s y the price wont have rapid increasing. if u want invest in really high return go for gurney n tanjung bungah. but I believe in future everywhere in penang is the same (correct me if I m wrong)

  114. AA
    March 30th, 2016 at 13:39 | #114

    @cl
    go to check for Orchard ville tis is also one of the overpriced project n will complete by tis or next year. i think the seller for 1080sqft will sell their unit around or more than 700k once complete. Do you think will have ppl want to buy 700k at this location? reasonable price for this location is around 500k to 600k for condo. if more than tis i will choose better location such as tanjung tokong area.

  115. AA
    March 30th, 2016 at 14:26 | #115

    @cl
    go to check for Orchard ville tis is also one of the overpriced project n will complete by tis or next year. i think the seller for 1080sqft will sell their unit around or more than 700k once complete. Do you think will have ppl want to buy 700k at this location? reasonable price for this location is around 500k to 600k for condo. if more than tis i will choose better location such as tanjung tokong area.

  116. Newbie
    March 31st, 2016 at 12:25 | #116

    @ForeverRed88

    @AA

    @blackbone
    hey guys, how u all think about the price of Summerskye compare to others new development property around bayan lepas? (the clovers, Setia triangle, Forestville and others)

  117. AA
    March 31st, 2016 at 16:17 | #117

    @Newbie
    i think tis one is the most cheaper private condo in tis area.
    Forest Ville, 450per sqft, 450k onwards, freehold, built-up area 1000sqft n 1050sqft(corner), facing airport/swimming pool/morning sun +10k, every floor higher +700, rental subsidy 18k, 2car park, fully residential n no shop lot, total 991unit (block A n B)

  118. ForeverRed88
    March 31st, 2016 at 16:40 | #118

    @Newbie
    It is very difficult to compare prices. Bottom line is that if you feel it’s worthy than it should be. I personnaly hand-pick Summerskye as my home stay as well as long term investment. (Do refer to my previous comment)

  119. Newbie
    March 31st, 2016 at 16:49 | #119

    AA :
    @Newbie
    i think tis one is the most cheaper private condo in tis area.
    Forest Ville, 450per sqft, 450k onwards, freehold, built-up area 1000sqft n 1050sqft(corner), facing airport/swimming pool/morning sun +10k, every floor higher +700, rental subsidy 18k, 2car park, fully residential n no shop lot, total 991unit (block A n B)

    Forest ville consider affortable house ?

  120. blackbone
    March 31st, 2016 at 17:41 | #120

    I think Forest Ville is affordable home that release to public…valued rm400k for affordable. Please correct me if i’m wrong ok :)…if true then it will be cramp coz too many units and the main access road will be share by many.

    The Clovers is fully residential luxury condo which have the largest leisure park. Furthermore this condo have private lift. This is an added value. Some people don’t like to stay above shop lot then this one is suitable for them. The disadvantage is this luxury condo located in the middle between Desa Bayan Flat (West) , new coming development by WHH Land (East) and Paramount Solarist (North). But I think that won’t effect much when this area is fully developed.

    Summerskye is located at a very good place..next to main road..have commercial lots..near to school..i think it will be a good investment but it still depend on what we really want rite..whether private and not so havoc place like the clovers or urban life style with commercial lots like summerskye

  121. Newbie
    April 1st, 2016 at 09:01 | #121

    @blackbone
    totally agree with u

  122. AA
    April 2nd, 2016 at 15:38 | #122

    @Newbie
    Forest ville is a fully residential condo project without shop lot and one foresta is affordable house. You can go to ideal to check. I can say forest ville worth to invest because the pricing still can gain a lot once complete.

  123. AA
    April 2nd, 2016 at 15:40 | #123

    @blackbone
    SS is residential or commercial title?

  124. Roy
    April 2nd, 2016 at 16:43 | #124

    Tree Sparina is under residential tittle..others may be under comercial.

    From my point of view..sg ara area is still under develope and ideal property try to make it become new township with the launching of ideal vision park. This area have value for investment especially after Penang Transport Masterplan fully carry out in future. If they can build one nice shopping mall in this area will be nicer coz resident no need to flooded Queen Bay mall during weekend or shopping season

    Whether it is Setia Triangle, ForestVille, The Clovers or SummerSkye..they hv their own pros and cons.

  125. AA
    April 2nd, 2016 at 17:16 | #125

    @Roy
    too bad if under commercial title. Higher assessment (cukai) fee, 6% GST charged when selling and also maintenance fee, commercial rate for electrical n water, the unit also maybe can use for commercial purpose due to is under commercial title. Good luck to you all guys if SS is under commercial title.

  126. Can
    April 2nd, 2016 at 19:49 | #126

    Electrical and water are under residential rate. Assessment is 10% more only. GST ???

  127. Roy
    April 2nd, 2016 at 20:33 | #127

    Electrical and water fee may be can get residential rate but absolutely not for “cukai pintu” and “cukai tanah”..and the different is very very far.

  128. cl
    April 2nd, 2016 at 23:03 | #128

    It’s residential title for condo , not commercial title
    Agent confirm that

  129. AA
    April 2nd, 2016 at 23:36 | #129

    @cl
    Please read tis http://www.thestar.com.my/metro/community/2016/03/04/water-bill-dilemma-residents-of-condominiums-built-on-commercial-land-face-higher-rates/

  130. AA
    April 2nd, 2016 at 23:42 | #130

    @cl
    Agent cannot 100% trust go to check first. Tis is my advise to you.

  131. Come
    April 3rd, 2016 at 08:31 | #131

    Hi Guys, any comment on the airport noise?this is my most worry for SS or even other nearby condo. Not sure any comment for those already live nearby?

  132. AA
    April 3rd, 2016 at 10:53 | #132

    Not only the airport noise the main road noise also need to worry.

  133. Roy
    April 3rd, 2016 at 18:01 | #133

    AA :
    @cl
    Agent cannot 100% trust go to check first. Tis is my advise to you.

    Agreed with this statement..better check with the authority.

    If too close with the airport and main road..of course u will have to deal with the noise. This is why i said depend on us when choosing our living place. Forrest Ville is a good choice if u want greenary and not so noissy..the Clovers also quite nice coz not located beside the main road.

  134. cl
    April 3rd, 2016 at 20:07 | #134

    Ok, will double check on the title

    I am actually staying at nearby airport ,the landed house infront of airport (near Heng Ee school)
    For the airport noise, for me no need to worry as it is quite a distance frm airport
    The plane landed in another way which is quite a distance frm the housing area
    For SS, I think also the same , quite a bit distance from airport to SS
    Maybe if stay too long then the noise also not noise anymore ,lol
    Honestly it is not really noisy la

  135. cl
    April 3rd, 2016 at 20:12 | #135

    SS got few units that not face main road actually such as tower 1A, 1B and 1C
    These units face smaller road, and based on my experience these small roads don’t have huge traffic , as nothing there for now
    In future not sure la
    Now this area is still very quiet and a bit ‘terpencil’….at night and daylight also quite quiet , I mean the smaller road
    So choose the right units if want to avoid traffic noise

  136. cl
    April 3rd, 2016 at 20:35 | #136

    My own reasons for buying :
    -…near LRT station
    This station will be infront / opposite SS meaning SS will be among the nearest to that station. This will increase convenient and people flow

    -…near airport
    In north Malaysia this is currently among main airport so property near there will up in value
    And that Penang airport might expand in future and take in more passenger

    -…near international school
    Will increase demand for rental or property up in value

    -…lots of commercial shop downstairs
    For me, I prefer the area to be lively (some prefer quiet) and easy to get food and others
    This SS is currently only commercial shops nearest to airport and if it open it will attract lots of people from school and airport which is good

    -…easy access on 2 main roads
    If Jln tun dr awang jam then can use sg tiram road or the Jln sultan Azlan shah

    -…surrounding nearby SS already have plan
    Such as school and others so no need worry suddenly come out a projects that blocks your view or others

    Fierra vista yes is infront of SS and large sf also but it is not exactly near the main road and inside and not shop

    Hope can get other views on my reasons as well, thanks !

  137. cl
    April 3rd, 2016 at 20:41 | #137

    Others reasons :
    -Near both Penang bridge
    -near queensbay
    -near industrial area
    -the area future will develop with market and other things

  138. come
    April 3rd, 2016 at 21:13 | #138

    Thanks cl
    Infact i have just booked 1unit yesterday
    Not left many units.
    Some other reason for me is it near sunshine or giant,banks and even hospital if any emergence. Also, even is main road, it is not a heavy flow main road. I work at bayan lepas, so i can avoid many jams every day.

  139. cl
    April 3rd, 2016 at 21:45 | #139

    @come

    Yeah, forget near pantai hospital also

    By the way u book which tower? I am tower 1D

  140. Newbie
    April 4th, 2016 at 09:14 | #140

    @cl
    hi cl, we will be neighbor soon, me n my family also buy 1 on tower 1d… we prefer that direction n view.. by the way do u sign s&p dy?

  141. Newbie
    April 4th, 2016 at 09:17 | #141

    -…surrounding nearby SS already have plan
    Such as school and others so no need worry suddenly come out a projects that blocks your view or others

    got 1 15floors office tower infront SS, mine is lower floor so maybe block by this building =(

  142. Newbie
    April 4th, 2016 at 09:25 | #142

    Newbie :
    -…surrounding nearby SS already have plan
    Such as school and others so no need worry suddenly come out a projects that blocks your view or others
    got 1 15floors office tower infront SS, mine is lower floor so maybe block by this building =(

    but for myself I think is ok, because is higher floor than 15 floor, u will see ppl head(top floor of the 15 floor office tower). this I think not good for feng shui la… my opinion only

  143. Newbie
    April 4th, 2016 at 09:27 | #143

    Newbie :

    Newbie :
    -…surrounding nearby SS already have plan
    Such as school and others so no need worry suddenly come out a projects that blocks your view or others
    got 1 15floors office tower infront SS, mine is lower floor so maybe block by this building =(

    but for myself I think is ok, because is higher floor than 15 floor, u will see ppl head(top floor of the 15 floor office tower). this I think not good for feng shui la… my opinion only

    typing error, because if higher floor than 15 floor, u will see ppl head(top floor of the 15 floor office tower). this I think not good for feng shui la… my opinion only

  144. Mr Fai
    April 4th, 2016 at 10:56 | #144

    I’m actually consider about this SS project, but I got few points that I’m still concern about…

    1) Down stair have shoplot is good, but if the shoplot manage by individual owners then I worry it will turn to be another GT at relau… Unless it will manage by management or some body, then it will turn to be advantage…

    2) It’s 1100sqft & 1200sqft, I worry in the future when the time I planning to sale, I will facing a lot of competitors because many affordable house or surrounding projects are around this built up range…

    3) Price is similar with Fiera Vista, but FV have bigger built up… but but but FV subsales have to pay a lot of cash for upfront payments… Which to me is quite tough, like water flood nearby my nose…

    Any experts or agents can give me advise or solve my concern please?

  145. Newbie
    April 4th, 2016 at 14:41 | #145

    @Mr Fai
    hi, mr Fai your concern are really possible, but dun forget in future there will be a office tower in front SS, there will more advantage for the shoplots to open more “quality” restaurant at there. I sure the management will control that.. anyway this just my personal thinking. regarding the affordable house, SS will more luxury compare to them, because many facilities provide. n more convenience, n more important the affordable house cant simply sale to others. so affordable house not a competitor concern for SS. lastly FV, the FV price is low because they launched 3 or 4 years ago.(can refer back to my previous comment regarding the price of FV). if u really want buy, u can compare SS with Clovers, this is more comparable. The Clovers will be slightly more expensive because they provide private lift and bigger size compare to SS. but in term of psf I think dun have much different.

  146. Jack
    April 4th, 2016 at 14:54 | #146

    If i’m not mistaken affordable house can only be sell to others after 5 years. This regulation made clear by the Penang Sate Government. Of course affordable house have advantage in term of pricing but not in term of facilities.

    I’m agree with Newbie..i think SS only can compare with the clovers. Both of this condo have their own advantages.

  147. Newbie
    April 4th, 2016 at 15:08 | #147

    @Jack
    most important is most of the affordable house is leasehold.

  148. Jack
    April 4th, 2016 at 17:07 | #148

    Newbie :@Jack most important is most of the affordable house is leasehold.

    Really? Foresta affordable house also under leasehold? Then is quite troublesome coz leasehold is less attractive to buyers vs times.

  149. AA
    April 4th, 2016 at 19:36 | #149

    @Jack
    Foresta is freehold.

    According to the National Land Code, 1965 (Act 56 of 1965), Section 40 asserts that all State land belongs to the State authority.

    When a plot of land is disposed by the authority to an individual indefinitely it becomes freehold. This is seen when developers purchase land to build freehold bungalows, private housing and condominiums.

    Leasehold on the other hand, is when State land is released to an individual for a definite number of years not exceeding 999. Once the term expires, the land ownership reverts to the State authority. In order to extend the leasehold, the current owner must apply for a renewal before the expiry date. A significant sum of money is usually expected – one that is close to the original sum paid for albeit with minor discounts.

    As freehold land is owned by the developer, the property that is built on it facilitates the transfer of the land to the buyer of the property if it is of a bungalow/terraced house type. In the case of a condominium, the buyer owns a stake in the condo by way of the apartment but the land is still owned by the land purchaser.

  150. AA
    April 4th, 2016 at 19:39 | #150

    Leasehold

    Leasehold tenures usually last 30, 60, 99 or in some cases, 999 years. There are obviously restrictions to a leasehold land as things like land cultivation may be effectively barred by environmental and town planers. Also, what is detailed in the lease conditions will limit the type of activity that can be performed on the land.

    The owner of the land has a duty to care for the land as defined by the land legislation and may be responsible for developing some property and maintaining it. Thus, the security of the tenure may be jeopardized should the State deem the tenant unfit to govern the land. Forfeiture for non-performance can be exacted.

    During the period of ownership, only the State or an equivalent can grant approval for a transfer of lease. Leaseholds are always subjected to a much higher level of control and are less secure than freeholds.

    However, when the lease goes through multiple rounds of renewals, it will eventually reach a level of security similar to a freehold.

    Freehold

    Development on freehold land is only limited by environmental and town planning controllers.

    The owner is expected to follow common law and where relevant, laws laid down by the Environment Protection Acts or equivalent in the governing of the land.

    Should the owner wish to transfer ownership, there are much fewer and less stringent limitations. Furthermore, the owner has the unlimited right to subdivide and allocate the land, although it is still subjected to town planning controls. The owner also has some means to use the land for public works.

    As there is a high level of security here, meaning that the State cannot claim the land from the owner if no development is takes place, the owner is not beholden to stick to a specific time table.

    Freeholds are indisputably the title that allows the most control and offers the highest level of security.

  151. BB
    April 4th, 2016 at 19:43 | #151

    @AA

    How abt Residential Title vs Commercial Title?

  152. cl
    April 4th, 2016 at 20:52 | #152

    SS condo is on residential title
    So the quit rent and assessment will follow residential rate for the SS condo
    The shop lots downstairs will on commercial title
    1 building , 2 titles

  153. cl
    April 4th, 2016 at 20:59 | #153

    About the shop lots I get to know that the developer for now plan to rent it out instead of sold it.
    This will allow them to control what brands/shop to open in all the shop lots downstairs.
    If this plan is true and really carried out, it will greatly benefit all SS condo owners.
    Can expect more better restaurants and others quality shops downstairs and indirectly will increase condo value.
    There is logic point on developer plan being…got school, got new office building, got airport, got others residential people nearby so sure there will be high demand on the shops at SS and they can collect rental….who don’t want, lol
    Now at that area, there can say no shop at all, need drive far away to giant or sunshine area only have shops….every time cari makan also susah, need drive out….this is my experience la stay at sg tiram house here…
    So I think the shops will be a hit ..

  154. cl
    April 4th, 2016 at 21:03 | #154

    @Newbie
    Not yet sign s&p, but soon
    Now for SS I only have many good reasons to buy , try to find bad reasons but don’t have yet

  155. cl
    April 4th, 2016 at 21:06 | #155

    The 15 floors office tower
    Example if we buy level 12, will it be affected ?
    Because I confused the level 12 + 3 floor (shop lots) so the actual level is 15 level or 12 level?
    Anyone can explain ?

  156. Newbie
    April 5th, 2016 at 07:55 | #156

    @cl
    by the model build by ideal, we can see that the 15 floor tower will block until 12 or 12 floor of SS. that means 12 floor n above will not a problem , but for me I dun like see ppls head(the highest floor of office tower) cause I feel that feng shui not good. depend on yourself la.every ppl will got different mindset.

  157. Newbie
    April 5th, 2016 at 07:55 | #157

    *11 or 12 floor

  158. Newbie
    April 5th, 2016 at 08:12 | #158

    @cl
    U sure ideal plan to rent out instead of sell off… if yes,that is a pretty good news for us … wakaka

  159. Newbie
    April 5th, 2016 at 08:13 | #159

    Newbie :
    @cl
    U sure ideal plan to rent out instead of sell off… if yes,that is a pretty good news for us … wakaka

    I mean the shoplots .

  160. Ranee
    April 5th, 2016 at 08:55 | #160

    @cl
    Bad reason is SS psf of rm545 is high compared to sub sale in that area or Sg Ara / Relau.
    Eg FV of rm470+ psf.

  161. Newbie
    April 5th, 2016 at 10:02 | #161

    Newbie :
    firstly I want to say that comparing feira vista to summer skye in totally unfair, because feira vista launch 4 years ago. That time the property market price is not so competative yet compare to 2016. because of the market become more n more competative so the price increase year by year. until today, the price for a condo price RM500-600 psf is very resasonable (this is fact, can compare with others condo launching on 2015 n 2016). back to the price of feira vista, today feira vista is around 450 – 500psf, this price already give the investor gain alot. property market have slow now because of the implementation of GST, so the price just will have slightly increase. lastly a simple question are u willing to buy a house (feira wista) with Rm 600psf now? or u want to buy a house (summerskye) with Rm 600psf now? no offence, i just prove that, why feira vista price is lower that summerskye.
    in addition, feira vista selling price is low right now, because some investor want to avoid giving more RPGT to IRB
    price of feira vista (info from propowall.my)
    RM468psf Feb16
    RM470psf Jan16
    RM468psf Dec15
    RM473psf Nov15
    RM479psf Oct15
    RPGT charges
    disposal within 3 years 30%
    disposal within 4th years 20%
    disposal within 5th years 15%
    disposal after 5 years 0%

    @Ranee
    I hope this solve your concern

  162. Jack
    April 5th, 2016 at 11:37 | #162

    The new coming ideal project “Paramount solarist” will have 2 condo towers, hotel with 300 rooms and 7 stories of shopping complex. Jalan tun dr awing also will be widen up to 6 lanes in future.

    I think a lot of others project will come in and this place will be new town like Bayan Baru. This will benefit all resident around this area.

  163. Newbie
    April 5th, 2016 at 11:50 | #163

    @Jack
    u ar right

  164. Newbie
    April 5th, 2016 at 11:56 | #164

    @Ranee
    firstly I want to say that comparing feira vista to summer skye in totally unfair, because feira vista launch 4 years ago. That time the property market price is not so competative yet compare to 2016. because of the market become more n more competative so the price increase year by year. until today, the price for a condo price RM500-600 psf is very resasonable (this is fact, can compare with others condo launching on 2015 n 2016). back to the price of feira vista, today feira vista is around 450 – 500psf, this price already give the investor gain alot. property market have slow now because of the implementation of GST, so the price just will have slightly increase. lastly a simple question are u willing to buy a house (feira wista) with Rm 600psf now? or u want to buy a house (summerskye) with Rm 600psf now? no offence, i just prove that, why feira vista price is lower that summerskye.
    in addition, feira vista selling price is low right now, because some investor want to avoid giving more RPGT to IRB
    price of feira vista (info from propowall.my)
    RM468psf Feb16
    RM470psf Jan16
    RM468psf Dec15
    RM473psf Nov15
    RM479psf Oct15
    RPGT charges
    disposal within 3 years 30%
    disposal within 4th years 20%
    disposal within 5th years 15%
    disposal after 5 years 0%

  165. AA
    April 5th, 2016 at 13:59 | #165

    @BB
    1. You pay different utility charges
    Because of their land status, serviced apartments are charged commercial rates for utilities, which are much higher than residential rates. Deposits collected by utility companies are also higher. Some developers do try to work around this by negotiating with utility companies for lower rates. They may or may not be successful, so it pays to confirm this with the developer.

    2. You pay different tax rates
    Quit rent and assessment rates for serviced apartments are also calculated at commercial rates, much higher than condos. Some developers try to get lower rates by finding some loopholes in zoning laws to reclassify the apartments. But again, they may or may not succeed in doing so, so do check and make sure.

    3. You will be living in different environments
    Condos are designed for privacy, and security controls the flow of unknown persons into the property.

    Most serviced apartments are attached to a shopping mall or retail shops. You have no control over the type of businesses there and the flow of non-residents in the area. But if you like the idea of convenience, where you live upstairs and can just hop into the lift to go downstairs for dinner or a movie, this is a great plus point.

    But there are also some serviced apartments that are not attached to any malls or shops. This could be because the developer had converted the land status from “residential” to “commercial”. Why would they do this? Well, maybe the next point might shed some light.

    4. You will have different population densities
    Residential developments are built based on units or population per land size. However, commercial developments are based on plot ratio, which is the total built-up area per land size. This affects the number of neighbours you will have.
    For example, say a developer gets permission to build a condominium based on a population of 1000 people per acre. Assuming 5 people live in a 1,000 square foot unit, a developer can only build a maximum of 200 units per acre of land.

    One the other hand, let’s say a developer gets permission to build serviced apartments based on a plot ratio of 1:10. Now, for the same one acre of land (measuring about 44,000 square feet), the developer is allowed to build up to 440,000 square feet. That means developers can now easily build 400 units of 1,000 square foot apartments! Or even more, if they build smaller units.

    5. You MAY be governed by different laws
    The Housing Development Act (HDA) places strict standards on developers of residential properties to protect home buyers. Although serviced apartments are built on commercial land, they have been classified as residential properties, so buyers are protected by the HDA as well.

    BUT…the HDA may NOT cover developers of certain types of “residential” properties built on commercial land, such as SOFOs, SOVOs, or Flexi/Designer Suites.

    These may be marketed as residential cum office space, but they may be legally classified as office/commercial properties, which do not come under the HDA. Do check these properties’ status to be sure what type of property you are actually buying.

    6. There is no standard S&P for commercial properties
    Under the HDA, developers and buyers sign a standard S&P agreement. The agreement’s terms are set by law and non-negotiable. This applies to both condos and serviced apartments. However, there is no standard S&P agreement for the other types of properties mentioned above, if they are classified as office/commercial properties.

    The only legally-binding conditions on such commercial property developers are found in the S&P agreement. So if you do decide to go ahead and buy such a property, read the agreements carefully to make sure they are fair.

    7. You MAY be regulated by different Ministries
    If buyers of condos or serviced apartments under HDA have problems with the developer, they can go to the Ministry of Housing and Local Government for help. However, the Ministry may not be able to help buyers of properties that do not come under the HDA. If problems crop up with developers of office/commercial units mentioned above, the recourse is usually to go through lawyers or the courts.

  166. BB
    April 5th, 2016 at 14:24 | #166

    @AA

    Thanks for detailed explanation.

  167. Newbie
    April 5th, 2016 at 14:28 | #167

    @AA
    residential title win

  168. AA
    April 5th, 2016 at 14:31 | #168

    @BB
    Q40. Are residential apartments packaged with other services such as 24 hours security, swimming pool, landscape and other common facilities can be classified as service apartments? Are these services subject to GST?
    A40. Residential apartment does not become service apartment by providing services as classified above. However, when management fees charged for maintenance of the services are subject to GST. Security services provided is a taxable supply and the security company will have to charge GST on the security services provided to the management company. If the management company is a GST registered person the GST paid to the security company is claimable as input tax.

    Q41. Service apartments are occasionally rented out as residential apartments to individuals or companies. Is the rent received subject to GST?
    A41. Service apartments operated by a GST registered company which collect rent on short/long stay is subject to GST. GST will be charged on the value offered by the hotel for long stay. If the apartment is sold to an individual for residential purpose, it is not subject to GST. The GST treatment on service apartments will depend on the usage of the apartments whether for commercial or residential purposes. If it is for commercial, it is subject to GST and if it is for residential, it is not subject to GST.

  169. Newbie
    April 5th, 2016 at 14:53 | #169

    @AA
    hi, where u fing those information? can share out the link? haha thankx a lot

  170. Newbie
    April 5th, 2016 at 14:55 | #170

    Still got anyone signing SNP dy? excited to be your neighbor hehe

  171. BB
    April 5th, 2016 at 18:46 | #171

    @Newbie

    Everyone knows freehold+residential title won. But sometimes we buy unit with freehold+commercial title for residential use or leasehold+residential title because of the strategic of the location of the unit.

  172. Come
    April 5th, 2016 at 23:20 | #172

    @cl
    I chose tower D as well, bcos this is the block with least unit…haha
    Wanna ask you guys, any idea which bank offers better package and rate? the best i got to know is about 4.4%…

  173. Fanny
    April 6th, 2016 at 00:37 | #173

    Here are the sub-sales for Fiera Vista that I had found in Mudah:

    1,400sf @ RM595,000 (425psf)
    1,400sf @ RM600,000 (429psf)
    1,450sf @ RM620,000 (428psf)
    1,650sf @ RM740,000 (448psf)

    I am waiting for the sub-sales pricing for Vision Park Phase 1 (Tree Sparina). I think it will be in the 450psf ranges.

    SummerSkye Residences (Vision Park Phase 2) is selling at 520+psf, buyers beware!

  174. JohnP
    April 6th, 2016 at 00:43 | #174

    @Fanny

    I cancelled my booking today and I got my RM5,000 cheque back.

    Please be informed that the last day to cancel is next Fri 15-Apr-2016.

  175. shrek
    April 6th, 2016 at 08:43 | #175

    @Fanny
    You expect Tree Sparina’s sub-sale to be within 450/sf now in 2016? Their starting price was 500/sf back in 2013 whereas Fiera Vista’s starting price was 330/sf back in 2011. Go figure…

  176. Newbie
    April 6th, 2016 at 08:52 | #176

    @BB
    thank for your explaination.

    @Fanny
    this is because They launch on different time n market so will have different price.. every property will have their own value I can say.. if u now buy FV now in this price, because it’s only worth that price. tree sparina n FV launch almost same time(1 years different) so u can see the price between 1 year in the same place will slightly different(425psf FV and 450psf tree sparina from info u provide) now u buy FV 3 years later already 4 years old for the property, but SS just born after 3 years, which 1 more worthy? this all is by my NEWBIE personal view(common sence) maybe investor will have different perspective. share out!

  177. tan
    April 6th, 2016 at 10:33 | #177

    @Come
    UOB currently is offering 4.45%

  178. Jcc
    April 6th, 2016 at 17:17 | #178

    @Newbie

    Hi Newbie , i already sign my s&p
    im tower 2

  179. Newbie
    April 7th, 2016 at 07:41 | #179

    @Jcc
    nice to meet u, mine 1 is tower 1D

  180. Jcc
    April 7th, 2016 at 12:18 | #180

    https://www.penangpropertytalk.com/2016/04/proposed-lrt-stations-bayan-lepas-line/

    the lrt station seem like a bit far from summer skye :(

  181. Newbie
    April 7th, 2016 at 15:26 | #181

    Wow. Fiera vista and SummerSkye are the residence area nearest to the station. haha congrat to all FV and SS owner. Excited!! https://www.penangpropertytalk.com/2016/04/proposed-lrt-stations-bayan-lepas-line/comment-page-1/#comment-405893

  182. Newbie
    April 7th, 2016 at 17:11 | #182

    @Jcc
    some place more futher than their house.. sure they will build near to the airport… if too near to SS den will very crowded. dun worry SS sure will advantage on this mega transport plan

  183. Dino
    April 8th, 2016 at 11:08 | #183

    Fanny :
    Here are the sub-sales for Fiera Vista that I had found in Mudah:
    1,400sf @ RM595,000 (425psf)
    1,400sf @ RM600,000 (429psf)
    1,450sf @ RM620,000 (428psf)
    1,650sf @ RM740,000 (448psf)
    I am waiting for the sub-sales pricing for Vision Park Phase 1 (Tree Sparina). I think it will be in the 450psf ranges.
    SummerSkye Residences (Vision Park Phase 2) is selling at 520+psf, buyers beware!

    Hi Fanny,

    This lowest prices are refering to the layout / unit that majority buyers do not prefer, you can try to call and arrange for viewing if anyone dont trust me :-)

  184. Newbie
    April 11th, 2016 at 11:24 | #184

    regarding the title of the condo:

    In the SnP din stated whether is residential or commercial title. u just see the 1st page, if it is schedule H or G that property is residential title. SS is under schedule H. Schedule G is for landed property.

    Regarding Commercial lots under SS:

    Currently management(IDEAL) plan to rent instead of sold off the shop lots. so the brands of the shop will under control of the management. (Hopefully become another Summerton).

  185. cl
    April 11th, 2016 at 19:21 | #185

    Anyone any idea about MRTA or MLTA?
    Which is the better?
    Buy from bank better or from insurance agent better?
    Compulsory to buy ?
    Which more lower premium ?
    What benefit of having this insurance ?

  186. t
    April 11th, 2016 at 20:48 | #186

    may i know which bank loan you guys took? i am think of pbb @ 4.45%

  187. cl
    April 11th, 2016 at 21:48 | #187

    @t

    Go check ambank is 4.40% (BR4% + fixed 0.4%)
    Based rate (BR) follow market
    Fixed 0.4% fixed throughout the tenure and ambank is the lowest
    Do correct me anyone if I am wrong …

  188. Ranee
    April 11th, 2016 at 22:56 | #188

    @cl

    Yes, ambank is 4.40%, but the formula is BR 3.8%+ fixed 0.6%.
    This is for my case as at Jan 2016.

  189. cl
    April 11th, 2016 at 23:15 | #189

    @Ranee

    Thanks ranee for your info

    So in my case more favourable…..lower fixed rate than yours (0.6% vs 0.4%)

  190. cl
    April 11th, 2016 at 23:16 | #190

    Maintenance fee is at rm198 per month …is it reasonable ?

  191. HY
    April 11th, 2016 at 23:18 | #191

    I took Ambank 4.4% (BR+0.4)

  192. cl
    April 11th, 2016 at 23:18 | #192

    All SS owners will get interest subsidy 20k , every 3 months get 2k for 10months
    Another small little good points of SS

  193. cl
    April 11th, 2016 at 23:19 | #193

    @HY

    Took MRTA also with am bank ?

  194. HY
    April 11th, 2016 at 23:19 | #194

    @Newbie
    So, SS is under Residential title?

  195. HY
    April 11th, 2016 at 23:20 | #195

    @cl
    Yes. MRTA 15 years.

  196. Newbie
    April 12th, 2016 at 08:08 | #196

    @HY
    yes, schedule H is under residential title…

  197. Newbie
    April 12th, 2016 at 08:13 | #197

    @t

    @cl
    bank loan from HLB, forget the rate liao, go back check for u, the insurance is come with loan, I think not compulsory… u may check with your banker… if u buy from others insurance agent will be more expensive n the process quite complicated, y not u just buy from the bank, the benefit is almost the same, n even better. (sorry I not the insurance agent so dun know the thing)

  198. goo
    April 12th, 2016 at 12:48 | #198

    Heard some project no need to pay bank interest until the condo is finished constructed. For ss, does it have this benefit?

  199. cl
    April 12th, 2016 at 13:38 | #199

    @goo
    for SS will get 20k
    3months pay once, each time 2k
    Up to 10 months
    This is the interest subsidy

  200. cl
    April 12th, 2016 at 13:43 | #200

    Pan island link 1
    new highway will link to Penang airport
    This will benefit SS again because later have this highway can easy access to gurney / air itam

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