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The Stone

August 29th, 2015 Leave a comment 中文版

the-stone

The Stone, an affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from the ongoing EcoTerrace scheme by EcoWorld.

This development is easily accessible via Jalan Paya Terubong, consists of the following components:

  • Block A: 19-storey building (188 units)
  • Block B: 28-storey building (812 units)
  • Shop lots (4 units)

READ MORE ABOUT AFFORDABLE HOUSING:

For registration details, you may refer to http://erumah.penang.gov.my/

Project Name: The Stone
Location :
Paya Terubong, Penang
Property Type : Affordable housing
Built-up Area: 1,000 sq. ft.
Indicative Price : RM298,000 onwards
Developer : PLB Land

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: Paya Terubong Tags: ,
  1. AL
    November 11th, 2015 at 23:40 | #1

    This area is too congested already. I hope the Penang government will be careful when approving projects in Paya Terubong.

    Take the mudslides, lanslides, flashfloods seriously.

  2. ET
    January 20th, 2016 at 22:25 | #2

    Strongly agree! Why need to build so much high rise condo in this area? Everyday jam like hell already! Focus on only building house but never solve the road problem!

  3. KS
    January 20th, 2016 at 22:52 | #3

    pls build more highrise apartments… we need more affordable housing

  4. Kelvin
    January 25th, 2016 at 09:06 | #4

    I stay at this area, the only one way street at both of the road side is the bottleneck(near the small town), really killing everyone who use it.. jam like hell.. what else the number of population and car keeps increase..

  5. Canny chang
    August 2nd, 2016 at 02:18 | #5

    Where can apply?how to apply?

  6. LH
    August 16th, 2016 at 07:18 | #6

    Infra structure is the main concern here. Having more housing is good but people will shun away because of road congestion. Hence the property will not be attractive. The developer and the government should iron out that problem before starting on the project.

  7. Han Keat Lim
    August 26th, 2016 at 13:07 | #7

    For the people like me who already paid the 10% down payment of the old Majestic Heights, I’ve other better choice, but to buy it. I just hope they will eventually build it.

  8. ravensaw
    December 1st, 2016 at 11:19 | #8

    pm me interest at ravensawbl@hotmail.com

  9. ravensaw
    December 1st, 2016 at 11:25 | #9

    interested, pm me at ravensawbl@hotmail.com

  10. Chang huey tze
    December 6th, 2016 at 19:33 | #10

    When open day can buy ???

  11. jones chin
    January 18th, 2017 at 15:08 | #11

    please pm me if you’re interested

  12. ChanYue
    January 22nd, 2017 at 19:39 | #12

    @jones chin
    Hi,
    I’m interested this project.
    Can I get further information for this project?

    Thanks.

  13. Rocket
    February 6th, 2017 at 12:06 | #13

    @jones chin
    Hi, Im interested, would like to discuss more on the details.

    Thank you

  14. Bosch
    February 6th, 2017 at 12:08 | #14

    This project literally sold like hot cakes during the 1 week cny road show in Queensbay! Over 300 units sold in one week! thats a 100million in sales!

  15. BB
    February 6th, 2017 at 12:54 | #15

    Booked and sold are definitely two different things.

  16. Jason
    February 6th, 2017 at 14:06 | #16

    @Bosch
    As long as SNP not signed yet, it’s not considered sold. Go and check after 1 month. You will surprise to see still have many units due to redraw (due to sign up eagerly without thinking too much), reject by loan……..

  17. Penang Kia
    February 6th, 2017 at 14:06 | #17

    Fully sold, such cheap project where to find.

  18. Kingsmen
    February 6th, 2017 at 14:53 | #18

    Cheap project but terrible place for stay….super high density

  19. LP
    February 6th, 2017 at 15:35 | #19

    @BB

    I was there looking at the crowd. Most of them look like serious buyers. Honestly, it was really selling like hot cakes. But I don’t there was 300 units sold. The developer only open (my guess) about 100+ units for sale, mid floor down. They will open mid floor up later.

  20. Ari
    February 6th, 2017 at 16:20 | #20

    How much monthly maintenance fee?

  21. Leongt
    February 6th, 2017 at 20:18 | #21

    @Ari
    15 cents psf

  22. Ari
    February 6th, 2017 at 21:45 | #22

    Leongt,thank u for replying me.I saw orange stickers put up from level 21 to the top,do you know what it means?

  23. Ari
    February 6th, 2017 at 22:51 | #23

    I was offered two choice: The Stone or Sandiland Foreshore. Now am in dilemma cz the first is freehold status but far from city while the later leasehold but in city line,Georgetown. Advise me what to do?

  24. Tan
    February 7th, 2017 at 08:48 | #24

    Ari :
    I was offered two choice: The Stone or Sandiland Foreshore. Now am in dilemma cz the first is freehold status but far from city while the later leasehold but in city line,Georgetown. Advise me what to do?

    Where is your working place ? Where is your daily activity location? Ask these 2 simple question to yourself.

    For me, I will choose Sandilands

  25. Ari
    February 7th, 2017 at 09:24 | #25

    Appreciate ur view,thank u Tan. My workplace is around Jelutong.I saw many sell off and move out from my current residence,leasehold status one reason.The Stone is freehold,1000sft with 2 free car park lots,free 5K SnP n other document fees,LRT built just opposite to the gate,maintenance fee RM150 pm.But,the project itself 1000 units to occupy,some rent out to foreigner workers as seen in Majestic Heights.Even more will be another 7658 units builts next to The Stone,will not help its value.PLB service is not good.While Sandiland Foreshore,as I see about good as its neighbour,The Sandilands but leasehold status a push factor.With given points here what should I do?

  26. LamKT
    February 7th, 2017 at 09:58 | #26

    Ari :Appreciate ur view,thank u Tan. My workplace is around Jelutong.I saw many sell off and move out from my current residence,leasehold status one reason.The Stone is freehold,1000sft with 2 free car park lots,free 5K SnP n other document fees,LRT built just opposite to the gate,maintenance fee RM150 pm.But,the project itself 1000 units to occupy,some rent out to foreigner workers as seen in Majestic Heights.Even more will be another 7658 units builts next to The Stone,will not help its value.PLB service is not good.While Sandiland Foreshore,as I see about good as its neighbour,The Sandilands but leasehold status a push factor.With given points here what should I do?

    You should give these points first priority:
    1) Jelutong, very close to Sandilands. You know how bad the traffic jam nowadays.
    2) Leasehold, but IF the lease period start from 99 years, u still have very long period.
    3) Sandilands, very close to Karpal Singh Drive, you should know how “booming” that area is.
    4) LRT, first phase is the KOMTAR-Airport line, Sandilands is at this first LRT line location, there is a LRT station nearby. On the other hand, Paya Terubong Monorail (not LRT) is 2nd phase, we will never know how soon this LRT being build, summore Paya Terubong Monorail is 2nd phase later (10 years? 20 years? never?).
    5) Neighbourhood quality, go compare Karpal Singh Drive and Paya Terubong neighbourhood quality. Do you know why even ECOWORLD’s ECO Terrace luxury condo also very struggle to sell in Paya Terubong area ?? Again LOCATION & neighbourhood quality that’s matter.

  27. Penangite
    February 7th, 2017 at 10:15 | #27

    Constructive feedback from LamKT

  28. Ari
    February 7th, 2017 at 10:30 | #28

    LamKT,your experience giving me a surprise. Really value your point of view.I have thought about these pros&cons about The Stone since my last visit to PLB exhibition in Queensbay.I read lots of “hot selling like cake”screams from The Stone viewers also saw they holding a buck of cash waving toward the sellers,I have to double-check my consideration to avoid deep regret I might going to make in near future.Yes,neighbourhood discouraged me going there not merely a visit but staying but Sandilands Foreshore also next to Macallum folk you know no different from Paya Terubong folk too.My current apartment in Jelutong left 80 years leasehold,the sub-market price is stagnant even LRT will be built in front of the apartment,will not push up the price.Hard to make right decision since I am a novice in property game.

  29. Moslem4U
    February 7th, 2017 at 13:01 | #29

    Ari :
    LamKT,your experience giving me a surprise. Really value your point of view.I have thought about these pros&cons about The Stone since my last visit to PLB exhibition in Queensbay.I read lots of “hot selling like cake”screams from The Stone viewers also saw they holding a buck of cash waving toward the sellers,I have to double-check my consideration to avoid deep regret I might going to make in near future.Yes,neighbourhood discouraged me going there not merely a visit but staying but Sandilands Foreshore also next to Macallum folk you know no different from Paya Terubong folk too.My current apartment in Jelutong left 80 years leasehold,the sub-market price is stagnant even LRT will be built in front of the apartment,will not push up the price.Hard to make right decision since I am a novice in property game.

    U can invest in landed property in mainland

  30. Moslem4U
    February 7th, 2017 at 13:03 | #30

    LamKT :

    Ari :Appreciate ur view,thank u Tan. My workplace is around Jelutong.I saw many sell off and move out from my current residence,leasehold status one reason.The Stone is freehold,1000sft with 2 free car park lots,free 5K SnP n other document fees,LRT built just opposite to the gate,maintenance fee RM150 pm.But,the project itself 1000 units to occupy,some rent out to foreigner workers as seen in Majestic Heights.Even more will be another 7658 units builts next to The Stone,will not help its value.PLB service is not good.While Sandiland Foreshore,as I see about good as its neighbour,The Sandilands but leasehold status a push factor.With given points here what should I do?

    You should give these points first priority:
    1) Jelutong, very close to Sandilands. You know how bad the traffic jam nowadays.
    2) Leasehold, but IF the lease period start from 99 years, u still have very long period.
    3) Sandilands, very close to Karpal Singh Drive, you should know how “booming” that area is.
    4) LRT, first phase is the KOMTAR-Airport line, Sandilands is at this first LRT line location, there is a LRT station nearby. On the other hand, Paya Terubong Monorail (not LRT) is 2nd phase, we will never know how soon this LRT being build, summore Paya Terubong Monorail is 2nd phase later (10 years? 20 years? never?).
    5) Neighbourhood quality, go compare Karpal Singh Drive and Paya Terubong neighbourhood quality. Do you know why even ECOWORLD’s ECO Terrace luxury condo also very struggle to sell in Paya Terubong area ?? Again LOCATION & neighbourhood quality that’s matter.

    I dont agree with you, leasehold is the main problem, there are uncertainties for leashold property and the problems will kick in when the house left about 50 years. Of course, u will say that after 50 years, we all sudah mati, dont care too much, if like this, we can just rent a house for life. I guess, some ppl just wish to leave something for the children and grand children

  31. Ari
    February 7th, 2017 at 15:47 | #31

    Moslem4u,yes leasehold a major problem but it’s premier location near UNESCO area hard for me to reject the offer.I have weigh rental alternative way to earn in case the unit fail to sell off.I was told if wanna the status upgrade to freehold will have to pay premium fee in turn the unit will sell at nearly a million ringgit like IJM condos in Karpal Singh area..i appreciate ur input.

  32. Tan
    February 7th, 2017 at 22:13 | #32

    Ijm condo at Karpal Singh area all are leasehold and non of they successful converted to freehold.

    It is super hard to convert, last time my fren bought The Spring and IJM told them can convert, now almosy 10 years already, no news…

    Forget abt the leasehold thing, ur choice is easy to decide.

    Do u think 50 years later the Freehold condo still can stay? Ur child / grand children still want to stay in it? If landed different story, that piece of land that matters

  33. gooner
    February 7th, 2017 at 23:46 | #33

    @Moslem4U
    Let’s imagine the WORST case scenario for owning a leasehold property:
    1. Imagine the lease ends after 99 years, and the government wants to develop the land and does not want to renew the lease. What happens?
    2. The government is obliged to pay a compensation to the owners base on market price.
    3. Yes you may lose the property, but you will be paid the market price- which would be much different 99 years later.
    4. So compared to renting 99 years where u pay 99 years of rent and get nothing in return, by owning the property, you will receive a sum of money (or your children/grandchildren if your dead) which can be used to buy another property.

    And that’s the worst case scenario. So do not worry, you will still have something of value no matter what at the end of the lease.

  34. Bosch
    February 8th, 2017 at 10:27 | #34

    I fully agree with gooner on the leasehold issue. It is not that simple for the govt to displace thousands of families just to reacquire the land. There will be huge repercussions if they do so. Next term election sure habis. So in my view the myth about leasehold land is busted. If the govt finally does acquire the properties (in the very very unlikely event) there will still be something of value for the owners. As for some comments about the conversion of leasehold to freehold for The Spring, it could be too early for the government to do anything yet as the properties there are only into their 10th year of ownership. There will be ways to apply collectively for conversion of the lease or renewal as ive mentioned before , the govt cannot just displace thousands of families without a remedy.

  35. buyer88
    February 8th, 2017 at 10:58 | #35

    is that lease hold land belongs to the Govt or private entities?
    you buy into the leasehold properties knowing that situation at that “cheaper” prices.

    if can so easily convert…then why buy into a ‘Freehold” properties prices?

  36. Moslem4U
    February 8th, 2017 at 12:57 | #36

    gooner :
    @Moslem4U
    Let’s imagine the WORST case scenario for owning a leasehold property:
    1. Imagine the lease ends after 99 years, and the government wants to develop the land and does not want to renew the lease. What happens?
    2. The government is obliged to pay a compensation to the owners base on market price.
    3. Yes you may lose the property, but you will be paid the market price- which would be much different 99 years later.
    4. So compared to renting 99 years where u pay 99 years of rent and get nothing in return, by owning the property, you will receive a sum of money (or your children/grandchildren if your dead) which can be used to buy another property.
    And that’s the worst case scenario. So do not worry, you will still have something of value no matter what at the end of the lease.

    U got no experience in leashold house, my house was gave by ancestor and the size was 5000sqf. However, it was a private leashold, the land owner took the land and just compensate with a unit of flat. Because that house had a number only. 1 to 1 replace regardless the size. A 5,000sqf estate house being replaced with a 700sqf flat? No for me.

  37. Moslem4U
    February 8th, 2017 at 12:59 | #37

    Bosch :
    I fully agree with gooner on the leasehold issue. It is not that simple for the govt to displace thousands of families just to reacquire the land. There will be huge repercussions if they do so. Next term election sure habis. So in my view the myth about leasehold land is busted. If the govt finally does acquire the properties (in the very very unlikely event) there will still be something of value for the owners. As for some comments about the conversion of leasehold to freehold for The Spring, it could be too early for the government to do anything yet as the properties there are only into their 10th year of ownership. There will be ways to apply collectively for conversion of the lease or renewal as ive mentioned before , the govt cannot just displace thousands of families without a remedy.

    Leasehold is leasehold. that wasn’t ur land until they convert it. If leasehold = freehold, why freehold a few million and leasehold just below a million.

    A single storey bayan baru leasehold is around 700K only but a single storey in same area and free house costs above 1 million. Why?

  38. Moslem4U
    February 8th, 2017 at 13:01 | #38

    Tan :
    Ijm condo at Karpal Singh area all are leasehold and non of they successful converted to freehold.
    It is super hard to convert, last time my fren bought The Spring and IJM told them can convert, now almosy 10 years already, no news…
    Forget abt the leasehold thing, ur choice is easy to decide.
    Do u think 50 years later the Freehold condo still can stay? Ur child / grand children still want to stay in it? If landed different story, that piece of land that matters

    Not only Spring, Ideal One World/One Sky, said want to convert also cannot. The terrace houses opposite Sunshine Square, all said want to convert by local government, no news at all. Not left 80 years++ only.

  39. Tan
    February 8th, 2017 at 13:35 | #39

    Moslem4U :

    Tan :Ijm condo at Karpal Singh area all are leasehold and non of they successful converted to freehold.It is super hard to convert, last time my fren bought The Spring and IJM told them can convert, now almosy 10 years already, no news…Forget abt the leasehold thing, ur choice is easy to decide.Do u think 50 years later the Freehold condo still can stay? Ur child / grand children still want to stay in it? If landed different story, that piece of land that matters

    Not only Spring, Ideal One World/One Sky, said want to convert also cannot. The terrace houses opposite Sunshine Square, all said want to convert by local government, no news at all. Not left 80 years++ only.

    Correct, that’s why I said those who buying into leasehold property and having a HOPE it can be converted to freehold status, please forget it.

    My point is, if your property is landed, then freehold / leasehold does matter, very very important.
    However, if your property is condo/apartment, it doesn’t matter.

  40. LP
    February 8th, 2017 at 14:05 | #40

    @Moslem4U

    The “private leasehold” property you inherited is totally different from the “gov leasehold” that we are talking about here. For private leasehold, the original ownership is a private entity, and the terms of the lease is often written “crooked” to benefit the original land owner. Meaning the contract can be written in such a way that you will be compensated a peanut upon lease expiry date.

    Whereas for gov leasehold, terms and conditions are standardised, requiring the state to compensate at market value. Again, money is small matter when it comes to gov, the big issue is taking away homes for thousands of residents. That never happened before in Msia.

    @Buyer88

    To answer your question of “if can so easily convert…then why buy into a ‘Freehold” properties prices?”, my observation is that property prices are MAINLY determined by location, not lease/freehold. That’s true for Hong Kong, Spore and all the main cities in the world. For Penang, I really don’t see a significant diff between the 2 categories, the demand and therefore pricing are still mainly driven by location.

  41. Dan
    February 8th, 2017 at 15:18 | #41

    @LP
    I agree with you, but some people still don’t understand. I remember I heard a Professor talk about freehold in Malaysia that is not really freehold. It’s actually have some hidden clause, Even it’s freehold if government want to redevelop that area they still can do it due to there is a Law that say Government will have the final say

  42. buyer88
    February 8th, 2017 at 15:21 | #42

    LP :

    @Buyer88
    To answer your question of “if can so easily convert…then why buy into a ‘Freehold” properties prices?”, my observation is that property prices are MAINLY determined by location, not lease/freehold. That’s true for Hong Kong, Spore and all the main cities in the world. For Penang, I really don’t see a significant diff between the 2 categories, the demand and therefore pricing are still mainly driven by location.

    you are now comparing apple to apple…..what if the 2 properties are at the same location with almost the same facilities and floor area…. 1 is Freehold and the other is leasehold. will the freehold command more value?

  43. buyer88
    February 8th, 2017 at 15:23 | #43

    Dan :
    @LP
    I agree with you, but some people still don’t understand. I remember I heard a Professor talk about freehold in Malaysia that is not really freehold. It’s actually have some hidden clause, Even it’s freehold if government want to redevelop that area they still can do it due to there is a Law that say Government will have the final say

    yes, the govt should have the final say…but who will get more compensation?

  44. Bosch
    February 8th, 2017 at 15:28 | #44

    @Moslem4U

    The difference in price is determined by the general perception of the public when it comes to leasehold property because of their own perception as to what might happen. It is only because of the typical mindset that the property “is not mine” and can revert to the state anytime. Of course if anyone has the means to buy freehold property then they are free to do so but the question you might want to ask yourself is will everyone be able to buy a property at a location of their choice with freehold tenure? i do not dispute that prices may vary between leasehold and freehold but the nature of holding alone does not determine the price. other factors have to be weighed in as well like location etc etc. It is NOT THE DEFINITIVE factor to ascertain value. Finally the point here is there is still something of value for the owner should the govt acquire the land at the end of the lease which is in the very very unlikely event. When acquired it will be valued accordingly at the prevailing market value.

  45. Bosch
    February 8th, 2017 at 15:32 | #45

    @LP

    Agreed. I share your view too. Unfortunately many seem to be barking up the wrong tree

  46. Dan
    February 8th, 2017 at 15:36 | #46

    @buyer88
    They will get market price compensation regardless of lease or freehold. Leasehold or not is not important, it’s the location, amenities nearby and neighborhood.

  47. Bosch
    February 8th, 2017 at 15:38 | #47

    @Dan

    You are refering to the Land Acquisition Act . This act allows the govt to acquire private land for “public utilities” like PBA and TNB. However, even if the government wants to do so adequate compensation must be paid as well as taking public opinion into consideration, It really isnt as straighforward as everyone thinks. The government cannot act high handed in such cases as there will be serious consequences. In cases of completed projects where thousands of families live it is impossible for the govt to uproot families in the name of acquisition.

  48. Dan
    February 8th, 2017 at 15:40 | #48

    @Bosch
    Yea Land Act 1960. Now I recalled. They will be compensate accordingly regardless of lease or freehold.

  49. buyer88
    February 8th, 2017 at 15:41 | #49

    Dan :
    @buyer88
    They will get market price compensation regardless of lease or freehold. Leasehold or not is not important, it’s the location, amenities nearby and neighborhood.

    yes, will get market compensation.. will definitely at a different rate….
    it is individual preference for now….
    30 yrs down the road, when the next buyer wanted to buy…the banker will have another preference lor.

  50. Bosch
    February 8th, 2017 at 15:45 | #50

    End of the day even if you cannot convert the tenure from freehold to leasehold then just apply for renewal of lease lah. This is allowed under the law. By the way I just bought a unit of the Spring as well knowing fully well its leasehold. ;-p

  51. Penang Kia
    February 8th, 2017 at 15:56 | #51

    Aiyoyo, leasehold property vs freehold property, if same house, same area, same size leasehold property price confirm is cheaper than freehold. Then you all buy leasehold then still want same benefit as freehold property.

    Leasehold confirm is less beneficial than freehold in term of valuation in the future if anyone want to acquire the land for redevelopment.

    Now day ppl all like to dream, want good horse and still want horse no eat grass.

    No need debate till so profesional this act that law. Own self think logic also know. Always like to dream now day people.

  52. LP
    February 8th, 2017 at 16:25 | #52

    @buyer88

    To answer you question on “…what if the 2 properties are at the same location with almost the same facilities and floor area…. 1 is Freehold and the other is leasehold. will the freehold command more value?”, let me share with you, my experience in the field of property over 30 years showed that it is not uncommon for 2 properties within the same project with same size getting transacted at the same time but having a price difference of 20%. In other words, it is almost meaningless to compare it that way. You can’t, it doesn’t work that way.

  53. LP
    February 8th, 2017 at 16:29 | #53

    @Bosch

    Are with you that “The difference in price is determined by the general perception of the public when it comes to leasehold property because of their own perception as to what might happen.” Perception is important, and perception will converge with reality in the end.

  54. LP
    February 8th, 2017 at 16:34 | #54

    @Bosch

    I meant “agree with you that…”

  55. Bosch
    February 8th, 2017 at 16:36 | #55

    @LP

    I defnitely dont subscribe to the view that leasehold property is subject to acquisition by the govt and therefore Im afraid to buy leasehold property. The fact that there are many leasehold property owners out there is proof that not all believe that they will lose their property at the end of the lease. Perception does affect the price but is not the definitive factor. Hope this clears the air

  56. Ari
    February 8th, 2017 at 17:13 | #56

    I would like to thank u all for being interested in the topic I am writing relate to leasehold land issue.

    I think this article will help you:

    “Pay some premium and it’s done, owners of leasehold properties told”

    Penang Chief Minister Lim Guan Eng.

    The state government has no objection to renewing the leasehold land status of residential owners, including the 465 households in Bukit Gelugor.

    Chief Minister Lim Guan Eng said houseowners only need to pay the difference in terms of premiums to extend the lease.
    “There is no problem for houseowners who wish to extend their lease for another 99 years.

    “They can just submit their application to the land office. For the record, we have actually renewed some of the leases,” he said.
    Lim, however, said the conversion of leasehold to freehold status was a different story.

    “Under the National Land Code and the Federal Constitution, we have to get permission from the National Land Council before we can award freehold status to leasehold land owners.
    “The National Land Council, however, did not agree to the state government’s application to give freehold status to owners of residential properties.

    “Nevertheless, we are still trying. The problem is that the National Land Council meets only once a year.
    “We will still try our luck during the meeting to be held either this month or the beginning of next month,” he told a press conference at his office in Komtar yesterday.

    Lim was responding to the 465 households in Bukit Gelugor who wanted the state government to help them renew their leasehold land status which will expire in 2052.

    Penang Bukit Gelugor Residents Association vice-president M. Ganesh had said they were uncertain about the state policy on the matter.

    Lim said they had explained the situation to the Bukit Gelugor houseowners many times, including once before the last general election.

    He also said the state government adopted a people-centric policy, under which houseowners with expired leasehold land status in new villages, traditional villages and estates get to enjoy 90% discount in premiums for their lease renewal.

    Simply,I just want to know if you are in my shoe which one will you decide to buy The Stone (freehold land) or Sandiland Foreshore (leasehold’s)? Just for my study.

  57. Ari
    February 8th, 2017 at 17:22 | #57

    What is wrong with my post? I tried to put up twice time but get “awaiting moderation”..

  58. lalazai
    February 8th, 2017 at 17:58 | #58

    all wrong, compensation for freehold musr follow market price, for leasehold dint follow market price, for leashold gov can just replace u low cost flat unit even market price 1mil, thats happen at pg island house before, thats y cant get loan from bank if leasehold property less than 30 years.

  59. kenn
    February 8th, 2017 at 18:02 | #59

    Hi lalazai,

    Which penang island house is that?

  60. darren yew
    February 20th, 2017 at 08:58 | #60

    @ari

    Where do you get sandiland info? I’m interested also.

  61. Bosch
    February 22nd, 2017 at 11:20 | #61

    @lalazai

    “this happened in penang island house before” – My dear friend can you pls name and provide proof of such thing?

    Please dont talk nonsense if you have nothing better to say

  62. Kingsmen
    February 22nd, 2017 at 14:41 | #62

    I agree what lalazai say….after 30years lease hold price sure dropping slowly…lets say the house only left 50years, would u buy it with a higher price and higher interest??

  63. Jacqueline
    February 27th, 2017 at 22:19 | #63

    @Kelvin
    yes, I lived in farlim. Everyday need to passby d shortcut to relau, the jam is a pain, especially during weekends and evening after work.

  64. choo
    April 15th, 2017 at 23:58 | #64

    https://www.imoney.my/articles/freehold-vs-leasehold-which-is-a-better-buy

  65. lim
    May 18th, 2017 at 20:32 | #65

    Is there any buyer here, which is also the purchaser of previous abandoned project on the same plot of land (phase 2B/ 3A), being called up by the developer to arrange for S&P signing?

    Do the developer mentioned on how (or at what stages) the payment paid to the abandoned phase 2B/ 3A, will be deducted if taking up the offer for a unit at The Stone? As my understanding, all payments paid for the earlier abandoned Phase 2B/ 3A project will be deducted from the selling price of the new unit (the stone). And any further details, will only be notified when signing the S&P.

  66. josh88
    July 5th, 2017 at 14:54 | #66

    Hi, may I know have any The Stone buyer already signed S&P, thanks

  67. Robert
    July 6th, 2017 at 10:32 | #67

    @josh88

    I am one of the purchasers and I signed my s&p recently. I was made to understand that about 100 purchasers have signed their s&p as well

  68. Christopher
    July 6th, 2017 at 11:54 | #68

    @josh88
    Sign in May’17

  69. PLB
    July 6th, 2017 at 14:28 | #69

    I signed my spa last month. Very happy i have finally landed my first home :)

  70. Batman
    July 6th, 2017 at 14:31 | #70

    My relatives and myself bought 3 units between us and we have all executed our spa at the lawyers office

  71. josh88
    July 6th, 2017 at 16:07 | #71

    Thanks for your reply. I ask developer and agent, they say cant sign S&P because their license not yet approve, but i already signed bank offer. BTW, me is buy Block B.

  72. Col91
    July 13th, 2017 at 10:21 | #72

    Was confirmed a unit with PN-1 housing scheme, paid the deposit during their roadshow on the CNY and was told everything will be settled within 3 weeks. Now it’s half a year and my PN-1 still havent approved cause they havent got their licensed yet. Got my bank offer and put it on hold but were urged to sign S&P 1st. My question, is there even SOP with how you all work around?

  73. Mafia
    July 13th, 2017 at 14:13 | #73

    @Col91

    I signed up for my unit too as well. Its not uncommon for developers to urge purchasers to sign s&p first while the APDL is pending. I dont see any issue there because the APDL will be issued . Its just a matter of time. PLB is not a fly by knight developer so Im putting my trust in them. It is not in the interest of developer to delay the APDL anyway and any delay will be to my advantage as the price of the unit has been locked down. Of course if you are sceptical you dont have to sign but you will risk losing your unit to other purchasers who are willing to put down their money. I heard that some 100 purchasers have already signed their SPA. Your decision mate

  74. lim
    July 19th, 2017 at 11:02 | #74

    can i confirm who will be the one absorb all the legal fees? the constructor? any others fees need to bear by us?

  75. Col91
    July 19th, 2017 at 13:21 | #75

    @Mafia

    Thanks for sharing your experience. Indeed I’m still very fresh here, I got my other unit under different developer and everything went smoothly, (probably APDL was issued and it’s not under PN1 scheme). Guess I will just wait til every legal document is processed, better be safe than sorry.

  76. danny chong
    October 29th, 2017 at 22:28 | #76

    I am one of the purchaser of block 1,
    Does anyone know the ceiling height of the appartment

  77. Undecided
    November 1st, 2017 at 14:40 | #77

    Would like to know your thought about two projects I am undecided based on my lack of knowledge of the property added value in future.Which is better between The Stone or Sandiland Foreshore?

  78. danny chong
    November 5th, 2017 at 08:26 | #78

    by the way. is there any layout plan for electrical point for the stone blk 1`. Is there any heater point in bathroom or aircond. point and pipe for outdoor unit installed in the room and the hall

  79. josh88
    November 14th, 2017 at 11:52 | #79

    @danny chong
    10ft, but i’m purchaser of Blk B

  80. danny chong
    December 8th, 2017 at 08:25 | #80

    Thanks Josh.
    By the way have you signed the sales and purchase agreement

  81. danny chong
    December 8th, 2017 at 08:26 | #81

    Thanks Josh.
    Have you signed the sales and purchase agreement

  82. danny chong
    December 8th, 2017 at 08:27 | #82

    Anybody knows if the common corridors are cement rendering only or with tiles pavement.

  83. josh88
    December 14th, 2017 at 13:41 | #83

    @danny chong
    not yet, how about u

  84. Yew
    December 18th, 2017 at 00:12 | #84

    intrested the unit, sales please contact me in line(id:yew-1984)

  85. danny
    December 19th, 2017 at 23:10 | #85

    Probably sign in January

  86. josh88
    January 17th, 2018 at 14:03 | #86

    May I know anyone apply mydeposit, i hear some ppl say can, some say cannot

  87. danny chong
    January 18th, 2018 at 20:46 | #87

    @josh88
    dont unserstand

  88. josh88
    January 19th, 2018 at 13:26 | #88

    @danny chong
    https://sprn.kpkt.gov.my/info/mydeposit

  89. Danny
    January 22nd, 2018 at 04:55 | #89

    Thanks. No idea

  90. Danny
    February 3rd, 2018 at 06:51 | #90

    Hi. Anybody knows when the show unit be ready.

  91. Christopher
    February 7th, 2018 at 16:24 | #91

    @Danny
    Saw a FB post today from NGP homes mention that show unit is open for viewing on this coming CNY 17/02(SUN) – 19/02(Mon)… Location will be Taman Terubong Indah

  92. Christopher
    February 8th, 2018 at 08:18 | #92

    Christopher :
    @Danny
    Saw a FB post today from NGP homes mention that show unit is open for viewing on this coming CNY 17/02(SUN) – 19/02(Mon)… Location will be Taman Terubong Indah

    Correction… Should be Sat-Mon

  93. yps88
    March 19th, 2018 at 13:42 | #93

    Is the building safe? Any concern on the hillside collapse in future?

  94. Ply
    June 2nd, 2018 at 14:05 | #94

    How’s the progress of this project?

  95. Cloud
    June 10th, 2018 at 11:18 | #95

    Any show unit for this project?

  96. MaY
    June 13th, 2018 at 17:18 | #96

    @Col91
    So did u signed and paid before PN1 approved?

  97. Glo
    June 15th, 2018 at 22:10 | #97

    @Cloud Show unit is open for viewing this weekend 16 (Sat) and 17 (Sun) at Taman Terubong Indah

  98. Col91
    July 24th, 2018 at 01:21 | #98

    @MaY

    Nope, I only paid for the booking fees & luckily I insisted on not signing the S&P. Ended up state gov rejected the PN1 application despite I re-appeal with the “confirm” method as instructed by them. I accept the decision of government disapproving the application, but I highly condemn the empty promises given by the authorised sales agent. Such unprofessional way of handling client and practicing “Chop 1st pay later” method here.

    Btw i just got back my deposit recently after 1 and a half year wasted and total unpleasant experience with them. To the developer, if you are reading it please reflect your decision of choosing your next outsource agent, they are tainting your reputation (only if you even care it at the first place.)

  99. Emmy
    July 24th, 2018 at 08:28 | #99

    @yps88
    Yes. I witnessed several incidents in front of my house.That why I changed my mind to buy other property not here. Feel sorry to blinded investors.

  100. Nini
    August 1st, 2018 at 10:50 | #100

    @Emmy
    may I know where did u witness the incidents? is it landslide??
    I plan to buy a unit in the apartment. This is my first house. still considering to buy or not. Thank u.

  101. Nini
    August 1st, 2018 at 10:53 | #101

    Anyone knows how is the progress of this apartment?? Is it reliable or worth? How much is the selling price now (Ogos 2018)?

  102. chong chee wei
    August 1st, 2018 at 13:26 | #102

    @Col91
    May I know what is PN1

  103. chong chee wei
    August 1st, 2018 at 13:28 | #103

    By the way anybody seen the site recently? How is the progress? Any photo please post

  104. CHeng woon Ling
    August 19th, 2018 at 07:04 | #104

    The agent of PLB help me to summit PN1 form on March after I paid the 3k booking fees, I keep on asking the status with the agent,agent told me wait,he will keep on tracking with government. Today I check eRumah, I found my request has been cancel due to not submit document for verification within 30days. I am so disaapointed, waiste the PN1. Is it the tactic of your agent when you started to sell the open unit which is higher price? The agent told me if can’t get government approval on PN1 just buy the open unit.

  105. Json Tan
    August 30th, 2018 at 11:29 | #105

    @chong chee wei
    PN1 means first home buyer, whoever not own any property or own a property below RM300k and below can entitled for PN1 to apply for affordable house.

  106. Json Tan
    August 30th, 2018 at 11:32 | #106

    @CHeng woon Ling

    Did your booking fee direct to the developer or to the agent? By right should be to the developer, if cancellation or loan failed to approve it should be fully refund in 3 to 4 months time. If cancellation, cancellation form needed to fill up.

  107. motress
    September 7th, 2018 at 12:44 | #107

    Would like to ask my bank loan still not ready and agent already urged to sign the SPA. Is is the correct way to proceed the SPA without bank loan approved ? As i refer some website indicate the 10% deposit will be forfeited if signed the SPA first but the bank loan is not approved after that.
    Am i correct ? Anyone here has been pushed by the agent to sign the SPA without loan approval ?

  108. chong chee wei
    October 1st, 2018 at 08:37 | #108

    Appreciate if the agents can pose some photos on the progress

  109. chong chee wei
    October 20th, 2018 at 06:05 | #109

    Hi. Is the landslide yesterday affecting the stone building time frame or going to stop.

  110. motress
    October 21st, 2018 at 14:35 | #110

    paya terubung seems like happened alot of landslide issue. Behind The Stone building hillside was constructed for highway, not sure future will have issue or not.

  111. lek lian
    November 4th, 2018 at 18:03 | #111

    Any whtapps group for The Stone Residences join?

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