The main purpose of Batu Kawan is “affordability”, means cheap housing. It will be a big failure for the state if this “PURPOSE” is forgotten.

Interest under contruction 400k property for 3 years around 25k, 1 year installment around 25k, hold 3 years = 75k, total cost around 100k exclude maintenance fee and other cost, after 5 year those investor failed in math sure sell 500k only, actually he earn nothing but he told ppl he earn 100k, hope no such noob investor or rugi, so after 5 years must sell 600k for earn 100k, can sell 600k after 5 years?

@Buyer

not to be sarcastic or anything ? but you sound so sarcastic to villageman.
You sound like sales agent rather than buyer.

@Buyer

not to be sarcastic or anything ? But, you sound so sarcastic to villageman.
You also sound like sales agent or from developer rather than buyer.

@cay
Thank you for your advice

I had stayed in Tambun before on and off that’s why I knew abit about this place..

One thing really bothered me was the flies last time..I do not know how it is for now..Because after my BM house ready we whole family already moved back to BM..Time flied, it’s been nearly 10 years back…Now I own another one condo in BM too..OC pass end of the year

So now it’s more on investment purpose..Since now the timing is slow down, need more time to observe but I don’t rule out and totally say NO to Vertu..

Yes, worse come to worst is to take longer period to grow but if it’s like that, many mainlanders will prefer BM or BW area, seem more steadily growing..Because near to SP and Kulim, many Kedah Chinese will move in slowly..Now you can see many from Alor Star, SP, Kulim are living in BM and BW, just that you won’t tell since they speak the same accent of Hokkien

I think there’s a demand for a medium or high end condo like Vertu in mainland. This type of condo provides better security. Those in island is too expensive. There are only a handful of condos on mainland and it’s all taken up. I was looking for a secured place to live once I was posted to BM and wanted to live near work but just couldn’t find one. If there’s a demand, the property will do well.

@Cat
Cat,are you from island and your job posting to BM was many years ago?according to my knowledge,there are more than 50 condo projects in mainland….Which BM & BW already take up 40-45 projects…South seberang prai takes up the rest….so in the next three years,you can see many more completing of construction…you have many to choose

Vertu is attractive if all the amenities and facilities are done construction and it is surely a new shining star in Seberang Prai…Aspen city…IKEA ,design village and etc…so investment purpose still worth considering…own stay wise is provided all amenities and facilities are done..

Hi,wat is t availablity units in type C ? Is there any special rebates ?

i hav signed the SPA last week! heard the lawyer mentioned it should be stamped by sep. any group or fb page that can join to know latest updates? tq

Any unit available for block A? If have price list or unit list to view is good too.

@ggg
ggg, you can check for the earlier comment and there is a group chat to join for the buyers.

Signed SPA today, but wasn’t happy with the number of missing details on the SPA. It does not have things like License No., Description of the said property, car park bay. Aspen also can’t tell how much we need to pay for the central park maintenance. Worse, the date of the signed agreement is not per today’s date, Aspen is going to date the SPA per Aug… per what they said. How can we trust what they said, what if they decided to date it 2017 instead. We end up have no argument, as we ‘signed’ it. Maybe I am paranoid, but this does not seems right…

@LCW
it have a risk there…….
anyhow they should tell you what is the date going to be chop…..
if not delaying the SNP date mean they can delay their project anytime and you will not get any compensate……for 10% per annum as stated in the SnP.

Selling point is IKEA? Seriously guys and ladies? I do not understand at all because I can drive to IKEA and buy stuff and do not have to buy a property there to go to IKEA. Why would anyone need to walk there? The selling point is NOT IKEA for damm sure… It’s the entire package lar… KDU, Hospital, International School, Hull, Factories, etc etc… Do you know there is a stadium there? It’s not in the good shape but if the state government is serious about turning Batu Kawan around, then re-renovate the stadium to host various activities like concerts, national games, convention etc etc.. that will make Vertu more desirable due to it’s proximity – not for people who go to Batu Kawan lar… for people who will be working in Batu Kawan.. or e.g. renting, studying, working or perhaps having sickness or etc etc..

which to know more bout this project,thanks

Have u all concern about the density? U can get condo at surrounding BM area, like Alma – Mahkota Impian, just opposite Jusco and beside Tesco. Even you want to drive to Batu Kawan also not so far. I feel not worth with this price, high density, somemore is a wetland. U also can see many “lalat” there. I highly not recommend even for investment. In future, one of the owner reduce the price to sale/rent then will impact the whole project price. 1200units, think twice. Here is not island.

@BB
Yup. totally agree v u. 1200 unit !! siao liao.
But Mahkota impian is under commercial title. not so worth also.

Commercial title now is very common. Is depend to u to choose more happening area or not.

Just went to Aspen Group last week. Level 20 above selling above 450+ . Price already increase. Still worth to invest. I saw Design Village project complete soon and the whole plan in Batu Kawan will going be very happening in future. What you guy think?

Any offer package now ?

@LCW

This is common practice with most developers as they are businessmen and have to meet sales targets before certain details are finalised. It is simply not feasible for a developer to wait until each and every detail is finalised before asking the purchasers to sign. There has to be a minimum number of sales before they can start building. If you choose to sign up with a developer then you need to place your faith in that developer so long as other crucial details have been fixed. No point complaining after you have signed. If you have doubts then dont buy. simple as that

I have some concern about this area. Yes. Now Batu Kawan is the next blooming area, with Ikea and Design Village coming in. But, is it too close with the heavy industry area? If you visit around Batu Kawan, there is one taman (forget the name, at left hand side, the way to Pulau Aman) is full of foreign worker. There is so many examples that residence close with Industry area end up will be full of foreign worker, Nagasari Prai Industry, near to Auto City Industry area, Bukit Minyak. I just concern how about Batu Kawan? In future, more and more big companies will build their factory, for those big capacity factories sure will have foreign worker.

i am coming. Thanks for Aspen group to build such kinda mega project in Batu Kawan and help in developing this area. I strongly believe Batu kawan will become golden area in coming years and bring prosperous to many genius buyer. Batu kawan is my stepping stone journey. Thanks Aspen group. you took an amper step forward to start mega project at this area. Gracias!

a very kiasu developer, always change booking condition and package….bad reputation

The same people from “I Worry” management. What can you expect? Pi Mai Pi Mai Tangtu

http://www.theedgeproperty.com.my/content/966431/first-landed-residences-aspen-vision-city-launch-next-year

“The project was soft-launched in February this year and is already 60% booked. The project has a gross development value (GDV) of RM620 million. It has 1,282 units with built-ups ranging from 1,030 sq ft to 1,290 sq ft. Prices start from about RM450,000.”

Project is 60% sold . Still got units available

the lowest prices are now at 500K,
Facing IKEA all sold out already.
Should have booked earlier.

batu kawan is a wise investment

1030 with 500K? Luckily I din buy.

Dude, is fully furnish with branded equipments! It’s GBI certified and with Eco concept. Even their waste solutions is suction system like Singapore condo. The first in penang or maybe in Malaysia I think @K14

My advise do proper research, don’t compare Bk and aspen with other area of mainland. Non comparable. Understand the entire team behind the master plan. IKEA, Ikano, Columbia Asia, OCBC bank, AG group, Teka, DP Architect and many more very established and good Brand’s is working together. Name one development in penang has all this kind of snergy and partnership? None! Something to ponder…

@K15

Some early birds bought it as low as 398K when it first launch early of this year. Unfortunately you did not buy it that time.

APDL is obtained guys!

Heard some rumor that IKEA project going to delay and possible will be cancel. Last week pass by the site, the big IKEA sign board already been taken down and replace by new sign board, left only very small Ikano word on it. This worry me a lot that value of property will be impacted if IKEA is not coming.

@Ttw
Please show proof where you hear it

@ASPEN
I have no proof and I hope it is just rumor, but what about the IKEA sign board that had been taken down? I think the rumor might started from there…..

@Ttw dont bullshit! the Ikea sign is still there ans they have added new signage as well

Thank you very much for the info.
Any one can verify please? ….IKEA is the heart of that area…..

@Ttw

Don’t worry, IKEA still ON. Sign board taken down to update permit details due to a slight alteration. Who ever is considering buying a property in mainland, just buy batu kawan, and just forget about all other shit like BM or Juru etc. Batu Kawan will be king, fully supported by the state!

@Aspen
1031sft for rm500k is overpriced. Waste suction like Singapore? You mean centralized vacuum system? I have been using that for the past 16 years at my house already, it is old technology and it is nothing fancy about it. GBI doesn’t mean anything, I bought the Marinox and it is suppose to be GBI certified and I don’t see anything amazing about the end product. They can promise you many things but trust me it is worth the wait to see the end product before buying. At the price of rm500k for 1031sft I am sure su sale it is going to be around the same price after 3 years. Not easy to sell.

@LOL Well then don’t buy lo! Go back to your tamarind page!

@Ttw You’re fcck liar!

@FckLOL
Hi Aspen, don’t need to work over time on this page to defend this project la. Anyway, it is just my opinion. The price you paying for rm500k can buy island projects such as I Santorini by ideal rm460k only. Location wise better and don’t have to pay toll to travel.

I am sure there will be many su sales going for almost the same price as its launching price after the completion of this project. So might as well wait and choose your unit from the su sale market for rm500k. Ask yourself a simple question, any jobs there? Why would someone want to rent there? don’t expect rental to be easy to cover your loan installments and people wouldn’t stay there now because there is no reason for them to stay there provided they are keeping their mistresses there la. This is not investment grade property.

@Lol(f@#kface),

You may not have a desirable face, but you can’t judge a person by the face really. What you said makes sense.

@ckc
Thanks for the info, actually i already get one unit. I believe this is a good long term investment.

@Ttw

I love Ikea, I used to love it 100%, but now I only love it 70%, because some of their stuff breaks easily, not so durable, but overall I still love Ikea.

(1) From an investment point of view, 500k for a condo in Batu Kawan is overpriced definitely, like what the f@#kface said. 350k for a 1000sf condo in Batu Kawan is reasonable. Don’t expect to get good rental if you’re thinking that kind of investment.

(2) For own stay + investment point of view, if you’re paying 500k, should definitely explore island condo, prices are coming down generally, 500k+ would buy you a very decent sized condo on the island.

(3) Purely for own stay because working in that area and want to save travelling time, boh pian lor, just buy whatever you want lor.

You are not wrong to say that long term wise, you won’t loose money, but just imagine, for that long term, if you had bought the right property on island, the return would probably be double or triple easily.

Aspen finalizing SPA now.
Going for Stamping soon.
original 48 months have now been extended another 6 months for reno and appliances installation .
so its 48+6=54 months before completion.( June 2021)
The Washer, Fridge all proposed on Teka brand.

@ckc
Thanks for your great analysis and summary. I might make a not too wise investment, hopefully once it develop into a mature township the property value will getting better.

Booking fees 10%( No rebate) Around RM 50,000-60,000
SPA-free
Loan Agreement – Pay around RM6500 – 7000
Memorandum of Transfer(MOT) – Pay around RM9000-10000 after completion of property.

TAKE NOTE.

Batu Kawan has got the potential, the buyers looked at these potential to purchase Vertu, once EcoWorld flex their muscle and AVC (especially Ikea) completed, it will be viewed totally different

Any idea when is Ikea ground breaking ceremony? Last heard is Dec 2016 and now is Jan 2017. Want to assure Ikea is coming else Vertu will not attractive for investment.

Why need so many ground breaking ceremony?

https://www.penangpropertytalk.com/2015/09/ikea-in-the-making/

Batu Kawan is a enormous piece of land. It can accommodates ~10,000 affordable homes, 5,000 new condos and so on. It is a sure workable project as so many ammenities are coming into this area. But where it is a great success or just another new township, it all depends on many factors.

But if you are purchasing this new condo in this area with the price same as the condo price you are getting on the island, the risk is very high.

K16 :
Why need so many ground breaking ceremony?
https://www.penangpropertytalk.com/2015/09/ikea-in-the-making/

The link that you mentioned is groundbreaking of Aspen Vision City not Ikea. Ikea supposes to have one official ground breaking in last Dec 2016 but this is postponed to later unknown date ):

https://www.penangpropertytalk.com/2017/01/ikea-penang-is-really-coming/

Vacancy for penang IKEA store manager is open for apply

@Lol

There’s a KDU there and a Hospital there… You bought Marinox… there got what? What job is there? Still can rent?

@Buyer@VertuResort
is there a ground breaking ceremony for Vervea/Vertu Resort separately other than above AVC ground breaking?

@James
We know what is coming in BK. But what is coming in Island? will it be also high risk if we do not know what will be there in future?

Just get someone foul mouthing Aspen Vertu Resort in front of me, saying Utropolis or even EcoBloom is better and finish building faster hanaha. The unit I am aiming is way more than 500k, really need to make decision soon as during new year I saw quite a number of people make booking during fair.

This is the extreme worth invest/buy projects, simply just because it is mixed development + Ikea + great future planning and fully supported by state. Just buy and wait, You will see the blooming after 5 years.

Can someone confirm Ikea is really coming? Saw from the site but do not see the construction yet.

From the news, Ikea Penang will operate by next year Q2/Q3 but still not see official hiring. Even from Internet the hiring news is flying but from official Ikea site (https://ww8.ikea.com/ext/job/search/external/my/en/home) is without hiring at Penang. Is there any official site from Ikea they will really come?

PDV aldy a failure project, i heard some of the retailers there said it’s hardly to see ppl going there to shop during weekdays, weekend business also not that good. Only opening and Dec 2016 were great. After Jan2017, the place has turned to be a dead mall. I think for this reason, IKEA hold back and may be not coming to Batu Kawan aldy.

IKEA not coming already. They have pulled out because not feasible for the time being, maybe in the future once the town is developed.

@T1@VertuResort
Ikea ground breaking around coming April, Heard developer said.

Ray :
IKEA not coming already. They have pulled out because not feasible for the time being, maybe in the future once the town is developed.

Who told you Ikea is not coming?

GNC :
@T1@VertuResort
Ikea ground breaking around coming April, Heard developer said.

This is postponed many round. Last time heard ground breaking in Dec 2016, then Feb 2017 then now Apr 2017 ??

MJ :
PDV aldy a failure project, i heard some of the retailers there said it’s hardly to see ppl going there to shop during weekdays, weekend business also not that good. Only opening and Dec 2016 were great. After Jan2017, the place has turned to be a dead mall. I think for this reason, IKEA hold back and may be not coming to Batu Kawan aldy.

During year end or CNY is the peak. After this peak period, we will need to see another 6 months to confirm. Now is too early to tell and Ikea will not based on this as indication to build the business here.

KDU college construction update: 2nd floor of the building is being built.

Ikea won’t blindly blindly do investment. Ikea won’t simply throw their money in the muddy land. Every investment sure have to study all the necessary planning , marketing, and so on. Some more the purchasing power in Penang is very weak as compared to KL also this place was not well developed. A lot of uncertainty in the future

I think IKEA is not a stupid company. The current sales/marketing analysis has fully shown them it is not the RIGHT time for them to dump such a big investment into a desert (Batu Kawan). It is just NOT the right time and NOT at the moment. Even though if there is a ground breaking, IKEA have the right delay the project until further notice. Maybe IKEA will be coming to the desert in 2027.. :)))))))

Not sure if this is considered official…http://www.recruit.net/job/design-manager_selangor_jobs/0A48E289F3C9B88A

http://www.ikea.com/webapp/wcs/stores/servlet/IrwJobSearch – The same job but based in Damansara

Aiyo, already published here some time ago. Still want to argue about IKEA coming or not? meh

Read this la:
https://www.penangpropertytalk.com/2017/01/ikea-penang-is-really-coming/

BMlang :
Aiyo, already published here some time ago. Still want to argue about IKEA coming or not? meh
Read this la:
https://www.penangpropertytalk.com/2017/01/ikea-penang-is-really-coming/

This is just within our talk. How about any official statement from Ikea when they will start build and when expected to start operate?

MJ, Ray and PGiC are shooting blind. Read this where it published on 03Sep2014:-

http://www.themalaymailonline.com/money/article/ikea-anchors-rm8b-penang-integrated-shopping-haven-to-be-built-in-2015

In Aspen Group FB page, on 14Jan2017, the same person from IKEA Christian Rojkjaer said this:-

Major land works is already ongoing, design done and construction is being constructed.
We in the IKEA team promise to open the store as fast as we can get it constructed!

Heard this heard that from tepi jalan, but no proof of Ikea not coming? not even provide a link of website talking about this? How about an official statement from Ikea they will postpone? If really have so many insider news and supreme market analysis, please share which companies will be doing great then we all can goreng it shares la.

But there is already news telling it is coming.

Is it people easier to accept rumors than seeing the truth?

Confirm IKEA NOT coming. Please read the link from this websites which directly comes from ikano group newsroom. Pity those investors

https://www.ikanogroup.com/newsroom/blog/2016/9/15/ikea-malaysia-third-store

Seagate is a example lah 2 year ago announce expansion at batu kawan, not sure their factory already start to build or not but now they going to wind up and exit penang. Tis to tell that anything also can happen lah at this uncertain situation.

Every investment sure got risk. We trust IKEA will come, and will get good return, then invest for future.. if u so worry, just sit and wait…
But pls don’t give fake news and rumours. Ppl don’t dare to invest, pls don’t expect all project will fail..

@penang_lang
my english is bad… read the article several times also don’t understand which part it said IKEA NOT coming.

AVC is joint venture between IKANO and Aspen. IKANO owns IKEA in SE Asia, and AVC is their first property developing project in Malaysia. So… IKANO wants to throw a stone to his own feet by pulling out IKEA store in AVC? I really don’t under. Please share your intelligent thought.

That article is write IKEA lays foundation for Johor branch. At the end of article have mention bangkok branch and penang branch will start on year 2017. No worry, IKEA will come….

no need to argue lah just wait and see lah.

Normally ones will keep quiet if it is bad news. Ones only announce good news. So need to wait and see.

penang_lang :
Confirm IKEA NOT coming. Please read the link from this websites which directly comes from ikano group newsroom. Pity those investors
https://www.ikanogroup.com/newsroom/blog/2016/9/15/ikea-malaysia-third-store

From the website you provided, it does not say it would stop the Ikea Penang but saying it would start construction early 2017 only…Where did you read the news from?
See below I quoted from the article, last paragraph..

The Tebrau store – owned and operated by Ikano in Southeast Asia – is an integral part of our overall expansion plan. We are currently building a second IKEA store in Bangkok, Thailand, and construction is set to start in early 2017 on another store in Malaysia’s northern state of Penang. 

@penang_lang
Go to the site at BK to see using your eyes. Ikea store is in progressing building.

Many ppl really really worry if IKEA is not coming.
After they came, can goreng goreng already, until burnt.

http://www.epbt.gov.my/osc/Borang_info.cfm?ID=382478&NoForm=Form2

ikea is coming la

I still do not see IKEA any where in Penang.. so once it appear, only says it there, ok? Then probably we can consider Vertu a good investment.. until then is overprice and better buy affordable house from Ideal. The high quality of ideal is proven..

no matter how, ikea is comfirmed. currently the ground is still waiting for pvd processes to complete. then only can start the build up.

I would say nothing is impossible. Even if it does comes, it can switch too. It is all up to you to see it.

you all were right, but for investment/own stay, both are good at this location. many of us still like the convenient of access to penang 2nd bridge and plus highway. this is the most valuable things which had already done. No one will know how will the project going on in future, if everyone know then everyone rich already. If those really over concern till dont dare to buy, then just wait for everything built up and well managed then only buy the subsale or even 2nd hand house. When we talking about potential, it is money you going to grab or loss, if you talking about safe, then money is leaving behind you. In the market, we need those potential and affordable buyer to make it hapenning. And last but not least, government do planning, developer propose and producing the product, peoples are buying the project. the sucessful of this project rely on those buyer, but not ikea as well as theme park or big mall or golf course.

@great thing

I agree with your analysis. In short, we must do our research before investing, not only depending on one or two future not guaranteed happening. I am referring to AEON Perda as an example. After AEON Perda moved out, the place becomes dead town. Well, this is my own opinion only.

@Player
Maybe I am “Bomb after horse”…If you took Bandar Perda as example, I can only tell you as very local BM kia, even when Aeon Mall was first opening there, we already don’t pin high hope at that area..Because you just look around that area, mostly filled up by Government sectors and hostels for government officials..

Anyway, like “great thing” mentioned, if one could predict how it’s gonna be in near future, he/she could already be making millions..We are all just ordinary people…We make decision based on our own findings and “belief”..

But as Penangite, I hope BK turns out to be another mature town, so that we could have more places for hanging out and shopping…Else, every weekend, Aeon Mall BM or Sunway Carnival always are full….Dinner time you could hardly find a car park at Icon city too…

@edisongan

I do hope BK can turn out to be a mature town. But each time I passed by the area, I feel disappointed. I feel it will take very long time to be a mature town. The second link still under utilized. Maybe the government should revise the second link toll price to make it more competitive. Also do something on the BK stadium. Both are existing structures that can be improved immediately while awaiting new things to come. What do you think?

BK will be great change within 5 years…

Hahaha…batu kawan will turn to mature town within 5 years?? Dont make me laugh at u pls…go and look around the area pls…

Actually the main problem is location, not strategy at all, go where also too far, second bridge too long, not convenient, surround simpat ampat, tambun nearby those lalat place zzz

Bo bian lah…Step by step loh…5 years not really possible lah..Maybe a decade later and see again..How to expect a forest park to be developed into mature town within 5 years..Be fair to BK also..Maybe a decade later will be more justifiable, agree?

Tambun / Simpang Ampat is experiencing massive changes now also..I saw those old run-down shop houses along the way to Simpang Ampat after old 文明小学 got demolished already for new development..Give me another 10 years and see loh..

As for 2nd link..hmm…honestly to say, it’s a failure.. be it you guys like to hear or not..majority of population are from BW, BM, Seberang and Prai…So, 2nd link built up linking to Seberang Prai Selatan already abit less considerate for majority of residents though still benefiting people from Tambun, BK, Jawi, Sungai Bakap & Nibong Tebal…but the population of these small towns are not justified and substantial enough….I personally prefer the undersea tunnel from Gurney to Butterworth over 2nd link…So again, it’s bomb after horse..hahaha..

Don’t even mention 10 years ago, people also don’t believe condo can work and sell in BM just 5 years ago…but now most of the new projects in BM are condo and it’s going to build another 30-40 blocks of condo..disregard if they sell good or bad, but this is development due to scarcity of suitable land for housing construction..

@edisongan

I 100% agree with you.

@kingsmen
No body said will change to mature town..don’t simply laungh somebody opinion. Are u so expert in invertment?
I just said will got lots of changes in five years…sure BK is investment for future..

Don’t understand why so long essay and keep telling history…
To AVC or any other development at BK, either grab it or let it, only time will tell…
Peoples always like that, keep booming and worry this worry that, is you life too easy?
High booking fee, complain booking fee ; No APDL, worry APDL; Agriculture land, worry land sink ;Ikea coming or not coming? ; bla bla black sheep… never ending… Wait to see 2020…

Location is not strategy at this moment, you are correct. That’s why we need government and good developer to develop it together with well planned infrastructure and future plan. Some of those guys with negative opinion, this is normal. Nothing to worry about what other think. Just judge by yourself, and buy it if you like and let it if you don’t. Personally I like the location, I like to live at well planned city, then I buy it, is so simple. I believe the government and developer as well as the buyers can make it happening. Even you not buy the property at BK, you are still hoping Penang can have their first ikea, everybody would like to go new shopping center.

some people thinking this way:
when the area no highway, they worry no highway, when there is a highway, they worry no bridge, when there is a 2nd link bridge, they worry no job, when there is plenty of jobs, they worry no house, when there is a new housing project, they worry ground sinking, when the ground was threaten with good technology, they worry no ikea, when the ikea going to build, they worry about no earthwork ceremony, when ikea start to build, they will worry when the completion date, when many buildings completed, they worry no people, when many people are there, they worry about congestion. this is normal human thinking, so we accepted.

Many people worry about lalat.. it is more serious than aedes. BK has a lot of lalat. That’s y people don’t go or invest due to lalat.. pls take note

@penang_lang
lalat will fly to other place after the place developed. may be BM or Juru residence more concern.

Even let say everything is there, highway, 2nd bridge, jobs, houses, no sinking issues and IKEA with lots of people… one day IKEA decide to close shop… then all properties becomes ghost town… so don’t be too happy even IKEA is there. More importantly, how big is IKEA PG going to be? Bigger and better than KL/ Johor? The BK Design Village already prove that it is not as impressive compare with Johor. Will PG Ikea looks something like Tesco Extra instead of the real Tesco?

@penang_lang
Welcome Back. Your sense of humor made my day. Thank you.
Tell us more about your quirky BK analysis.

penang_lang got some legit points there but since AVC was co-owned by Ikano, the possibility of them shutting down Ikea is very very minimal, and with Ikea with their big blue sign standing over AVC, things can only go up, unlike Design Village, Ikea will continuously draws crowd to AVC, if Vittoria was successful, we are talking about a premium location in penang

My analysis? Oh Well well well.. where do I begin? At first, there was nothing.. out of no where, massive constructions of the 2nd bridge started and by the time it completed, Penang people already forgotten about it’s name and only remember 2nd bridge. Same as Vertu, by the time it completed, people only remember IKEA… End of story.

penang_lang :
My analysis? Oh Well well well.. where do I begin? At first, there was nothing.. out of no where, massive constructions of the 2nd bridge started and by the time it completed, Penang people already forgotten about it’s name and only remember 2nd bridge. Same as Vertu, by the time it completed, people only remember IKEA… End of story.

your analysis no point at all, throw in rubbish bin and forget about you.

Vittoria Financial Center will be build next to Vertu Resort, convinient for banking etc

What you want to say? @penang_lang

to make the whole project a successful one, we need crowds for the commercial properties and Ikea should be able to do that over a long long period, to make Vittoria a successful one, we need to draw in big players in financial sector that sees the great potential of a smart city with cloud infrastructure that is future-proof. And if both commercial and financial sector blooming, Vertu will be great. Furthermore, we have KDU and a private hospital as neighbor. What not to like? It just need some time to that to happen.

People do not realized there is nothing yet.. blank paper at the moment. Yet talk about KDU, Hospital, IKEA etc… once is there only say la. Otherwise, it’s all talk n no action. By the way, it is planned to be smart city using IBM or something like that. C how they deliver. Everything else is just empty words until people see action. Like Penang Design Village.. how did it go? Better than shopping mall like Queensbay? Look at the number of people n actual transaction, we know if people look si look si or actually buy. Gurney Plaza is one good exp having high purchase power.

vertu should nt launch now, buy 400k pay bank interest and hold 5 years, that time buyer sell 500k tgen tell ppl earn 100k, actually he earn nothing, paid bank interest and installment already over 100k, principal only deduct around 20k for first 5 years, sorry to say that just remind dont blind invest, not now.

From My point of view… buy the property that is value in terms of Good Pricing and Good Location. See Acurate already paid booking immediately to look the unit… there is lot things to be awared of eg… the layout plan, which facing, views, higher ground, size of the bedrooms, and many more… even if the house got many beams or not..(landed) actually is all based on your experience… I can’t explain all here to you coz too many already. Must be really careful of choosing the right unit. Remember never the crowd affect your time of choosing a unit… sometimes it’s just a agent or developer strategy… At this moment, I myself also got bought a unit at Simpang Ampat la, newly launched project by ASAS DUNIA, my recommendation for you all… I personally think it is worth for investment or Even better for own stay la. 38’x60′ Cluster house selling at RM460k++ build up is 30’x40′ DAMN big man!!! Nowadays, trust me no other developer they are willing to give you 30′ ft wide for a cluster house. Based on my survey, semi D around that area is going at least 500k++ but definitely not 30 ft lo I bet… just a kind reference. Just launch few days ago and this is phase 1… more to come I guess… btw I am not asas dunia sales staff ya… I am Datuk Jerry Chan lol…just kiding

Michaellim :
From My point of view… buy the property that is value in terms of Good Pricing and Good Location. See Acurate already paid booking immediately to look the unit… there is lot things to be awared of eg… the layout plan, which facing, views, higher ground, size of the bedrooms, and many more… even if the house got many beams or not..(landed) actually is all based on your experience… I can’t explain all here to you coz too many already. Must be really careful of choosing the right unit. Remember never the crowd affect your time of choosing a unit… sometimes it’s just a agent or developer strategy… At this moment, I myself also got bought a unit at Simpang Ampat la, newly launched project by ASAS DUNIA, my recommendation for you all… I personally think it is worth for investment or Even better for own stay la. 38’x60′ Cluster house selling at RM460k++ build up is 30’x40′ DAMN big man!!! Nowadays, trust me no other developer they are willing to give you 30′ ft wide for a cluster house. Based on my survey, semi D around that area is going at least 500k++ but definitely not 30 ft lo I bet… just a kind reference. Just launch few days ago and this is phase 1… more to come I guess… btw I am not asas dunia sales staff ya… I am Datuk Jerry Chan lol…just kiding

Dude, most people purchase property don’t simply go for BIG only…but location also plays a very important part…If merely looking at its size, you can go Nibong Tebal to buy much bigger one..

In fact, a 4 members family, I would still like to suggest to purchase at 1200sqf +- is good enough. Then the other factors will be convenience of location.e.g. wet market, hawker centre, school, hospital, business & entertainment centre (business & pleasure purposes) and etc..

As for the developer you mentioned Asas Dunia, how good is it I believe we are pretty aware of this developer..hehehe..

What you are mentioning here is a new project called Hijauan Hills which is just behind the new Jit Sin school.
However it is actually along the Valdor main road between Mountain View Golf Resort & Tasek Industrial area.
Size is real Big for it’s design but it’s a cluster Semi-D concept whereby all 4 units are joined at the back area. Airflow at the back of the house however is lacking & will be stuffy.

Location is far & very few facilities around this area as there is no connecting road to Pearl Garden yet. Tasek is mainly Industrial so the nearest facilities are at Sg Bakap.
Price factor, yes it is very cheap if compared to Hijauan Valdor also the same developer.

@mountain fish
Actually Tasek is light industrial area, heavy industrial area is bukit minyak

Michaellim :
From My point of view… buy the property that is value in terms of Good Pricing and Good Location. See Acurate already paid booking immediately to look the unit… there is lot things to be awared of eg… the layout plan, which facing, views, higher ground, size of the bedrooms, and many more… even if the house got many beams or not..(landed) actually is all based on your experience… I can’t explain all here to you coz too many already. Must be really careful of choosing the right unit. Remember never the crowd affect your time of choosing a unit… sometimes it’s just a agent or developer strategy… At this moment, I myself also got bought a unit at Simpang Ampat la, newly launched project by ASAS DUNIA, my recommendation for you all… I personally think it is worth for investment or Even better for own stay la. 38’x60′ Cluster house selling at RM460k++ build up is 30’x40′ DAMN big man!!! Nowadays, trust me no other developer they are willing to give you 30′ ft wide for a cluster house. Based on my survey, semi D around that area is going at least 500k++ but definitely not 30 ft lo I bet… just a kind reference. Just launch few days ago and this is phase 1… more to come I guess… btw I am not asas dunia sales staff ya… I am Datuk Jerry Chan lol…just kiding

Welcome to land of lot flies, bad smell and burglary (you are paying the guards for AD to save guard their sales gallery and the image of the project but not really protect the residents, complain many times also not use). Also, quality of the house. improved but still consider bad quality.

@K16
actually fly area is simpang ampat not Batu Kawan. I think you better check it then voice out. Don’t simply talk without clarify or check it by yourself at the site.

@great thing
Sorry I did not read carefully on your word, oversight. AG vs AD

@great thing
See who and what I had replied.
Did I say Bt Kawan?
Don’t simply reply without clarify or check it by yourself at what you read.

Is Vertu Resort still available unit for sales? How much?

Surrounding look aggressively to grow this area. Eg. Eco Sun, Eco Horizon, Metropolis, KDU, Ikea etc. I see positively there it will happen in the future but probably give another 2-5 years time. My strong believe, once Ikea ready there by 2018, then this area will be very good.

Just wonder why at N/S highway without put in Design Villa sign board to attract people going?

@BK

You cannot use feelings one. We must use facts to understand the project and situation.

Is Ikea coming? – dunno, cause no official announcement by Ikano

Has Aspen completed any project? – none, so do not know anything about the quality and also if got gangster or not. Like Ideal Property, we know the answer already

Is Design Village a success? – Obviously not

Is KDU coming? – not sure as again, no proper announcement other than their own project

Is Hospital coming? – What’s is the name again? Never heard of it

Is PG Bridge 2 doing good as 1st? Not at all

What else is missing here? Everything

So wait.. wait and wait…

KDU college construction update: 3rd floor building up

Just to update, please don’t reply to my thread, TQ
Ikea, some of lorries working on the land this morning.
KDU college, now building up to 3rd floors.
Design Village, Been there last Sunday, A lot of peoples, most of outlet flooding by people.
Fly observation, No fly at design village ( i bought a cup of coffee and seat at outdoor around 4-6pm). No fly at AVC developer office (no fly during my visit time, around 2-4pm). No fly near to Ikea land (I purposely drove my car to the main road and wating for about 5 minutes with door opened, no fly are observed).

I think AVC without fly issue.

Talk a lot about Ikea comes or not, if you ask Aspen and sure answer is Yes. Perhaps someone can ask other developers like Eco and Paramount for any insider news?

@BK

There’s nothing to worry about, Ikea is a done deal, it is definitely on. Developers will make a lot a lot of money from this Batu Kawan, given the price they are selling their new properties there. But as usual, resale market in mainland will be bad, as EcoWorld & Aspen still have plenty plenty of land to build new houses. So, don’t think just because you have Ikea here, speculators can make money. Those really making money are the developers, not the waterfish buyer/speculators. But if you buy for own stay, it’s ok.

penang_lang :
@BK
You cannot use feelings one. We must use facts to understand the project and situation.
Is Ikea coming? – dunno, cause no official announcement by Ikano
Has Aspen completed any project? – none, so do not know anything about the quality and also if got gangster or not. Like Ideal Property, we know the answer already
Is Design Village a success? – Obviously not
Is KDU coming? – not sure as again, no proper announcement other than their own project
Is Hospital coming? – What’s is the name again? Never heard of it
Is PG Bridge 2 doing good as 1st? Not at all
What else is missing here? Everything
So wait.. wait and wait…

ANSWERS:

Is Ikea coming? – Announcement – http://www.thestar.com.my/business/business-news/2016/03/15/ikea-confirms-penang-outlet-will-open-in-2018/

Has Aspen completed any project? – New developer

Is Design Village a success? – Yes. Packed with people

Is KDU coming? – Official announcement: http://www.kdupg.edu.my/news-events/kdu-penang-uc-unveils-plans-10-acre-campus-batu-kawan

Is Hospital coming? – Clearly, you are a frog under coconut shell. Columbia Hospital has more than 12 hospitals in Malaysia. Oh ya, you are from Penang. Of course, you dont know Columbia. But Columbia is popular in KL. Announcement link: http://www.columbiaasia.com/malaysia/news/columbia-asia-hospital-invest-rm185-million-batu-kawan-hospital

Is PG Bridge 2 doing good as 1st? – Traffic jam doesn’t mean doing good. At least both bridges are not jam during evening. Which is good.

Nothing missing here except your general knowledge
So wait.. wait and wait… and you will miss the chances to invest. LOL!!!!

penang_lang :
People do not realized there is nothing yet.. blank paper at the moment. Yet talk about KDU, Hospital, IKEA etc… once is there only say la. Otherwise, it’s all talk n no action. By the way, it is planned to be smart city using IBM or something like that. C how they deliver. Everything else is just empty words until people see action. Like Penang Design Village.. how did it go? Better than shopping mall like Queensbay? Look at the number of people n actual transaction, we know if people look si look si or actually buy. Gurney Plaza is one good exp having high purchase power.

If everything is there, that one not consider investment anymore,

Long long time ago, when Bayan baru got nothing, when Island glades got nothing and now the price?

Please la. We are talking about investment. You need to foresee the future in order to gain from investment. If not, just buy from Penang Island like Gurney or Queensbay where u have everything

MJ :
I think IKEA is not a stupid company. The current sales/marketing analysis has fully shown them it is not the RIGHT time for them to dump such a big investment into a desert (Batu Kawan). It is just NOT the right time and NOT at the moment. Even though if there is a ground breaking, IKEA have the right delay the project until further notice. Maybe IKEA will be coming to the desert in 2027.. :)))))))

Dude,

IKEA in Malaysia is operates by IKANO. IKANO is a partner of this project with Aspen and PDC. Please get your facts right before saying BS

Hi,

May I know if Vertu buyers signed SnP with an additional physical copy of agreement that gives the right to developers to change the outer layout without getting buyers’ consent?

Hi all,

Guess the IKEA discussion is now coming to an end. The flags of IKEA is officially here

Moslem4U – please no personal attack. What frog you shout about? I simply state my understanding

Answers looking for:-

Is Ikea coming? – Announcement – http://www.thestar.com.my/business/business-news/2016/03/15/ikea-confirms-penang-outlet-will-open-in-2018/
This is just news like everyday. If you go to http://www.ikea.com/my/en/, go to Find your local store, there is no mention of Batu Kawan. Please know your facts

Has Aspen completed any project? – New developer
There is a risk as new developer. Heard the owner is very young as well

Is Design Village a success? – Yes. Packed with people
Where got? What day and time pack?

Is KDU coming? – Official announcement: http://www.kdupg.edu.my/news-events/kdu-penang-uc-unveils-plans-10-acre-campus-batu-kawan
Ok, this you win

Is Hospital coming? – Clearly, you are a frog under coconut shell. Columbia Hospital has more than 12 hospitals in Malaysia. Oh ya, you are from Penang. Of course, you dont know Columbia. But Columbia is popular in KL. Announcement link: http://www.columbiaasia.com/malaysia/news/columbia-asia-hospital-invest-rm185-million-batu-kawan-hospital
Ok – Hospital coming but still not sure of the brand…

Is PG Bridge 2 doing good as 1st? – Traffic jam doesn’t mean doing good. At least both bridges are not jam during evening. Which is good.
Who talk about traffic jam?

Nothing missing here except your general knowledge
So wait.. wait and wait… and you will miss the chances to invest. LOL!!!!
You need to wait for proper building and infra constructed first before go in. Else is a high risk and end result not as expected.

Actually i dont think that design village is a success mall…just own opinion…u can try to visit there by weekday and just seat there from morning to night for calculate the visitor

@Kingsmen
yes, right, currently still not clowded during weedend, and few peoples during weekday. Currently still no cormercial, residence build up in that area. Still need few years time to make it happen. Now focusing on residence projects, to increase popularity in that area. Hopefully KDU, Ikea, outlets, shop lot, factories can help.

Design Villa still can further improve. As of now is lack of promotion and not many people know about this outlet. Secondly, not many food outlet there. Normally people go for shop but also for meal.

@Moslem4U

Yes, not everything must be there but at least something solid be there la. Remember Queensbay? For those who never go through 1997 will never know. Have gone through 2 cycles of crisis in my life and therefore, understand the risk clearly.

1997, Bayan Bay MegalWorld Mall (Currently call Queensbay) stop work due to Asia financial crisis – project got halted and abandon. Lots of people commit suicide because of unable to pay home loan which is a double digit interest %. That time, you young people do not know that it is BLR + instead of today, BLR -. Queensbay only finally completed at 2006 (almost 10 years wait).

Then another financial crisis hits on 2007, US Subprime and Euro crisis. Iceland increase rates to 17%!! Queensbay not doing well and had to sell to Capital Mall on 2010.

2011 is the best time to buy property and sell before 2016. Then late 2015, things start to go downhill again. 2016 recorded the lowest property transacted in Penang while also record the highest supply of residential of all other years. 2017 is exactly 10 years later or 20 years later of financial crisis. Brexit and Trump happened. Both only wants to take care of their own country.

So the question is, will project as big as BK be abandon project? New developer, no track record… has nothing to proof and show. By the way, Aspen Group failed it’s attempt to list last year.. see this news… http://www.thesundaily.my/news/1929564

Good luck to greedy investor like yourself!! Please get use to the concept of abandon project. Perhaps it’s new to your generation.

@BK
Agree, and need some performance or event during weekend to attract peoples

@penang_lang
Thanks for your suggestion, however we are positive thinking and the risk we took is definately small due to cons more than pros, and all the good progress at BK are the best proven, please go and see yourself.

Don’t talk about economic crisis, when you not capable to pay, you will still suicide if you buy other project.

Don’t talk about 100% non-risk investment, never had this.

If some one so worry..just don’t buy…simple..remember, this is investment.. even invest in share, who can guarantee can win. If can guarantee, tell me..I buy immediately

@penang_lang

I like your grandmother story spanning over almost 20 years. For those buyers who survived through the “hardship”, I can say that today they are really enjoying the fruits. Of course, BK is a different ball game, more suitable for owner occupiers. For investors, there are other properties that would give you better returns, not BK. But honestly, I think those developers in BK are pricing their products too far ahead, pity those genuine occupiers who have to fork out this type of money for this type of houses. That’s not right.

Yes, with all the promised development and commercials coming aside, i think Vertu with 1200plus density on a limited land plot surely is overpriced at 500K minimum current price(Jan 2017).
The vertical density is very high, and the plot is not so big after all. So imagine paying half a million to share with 1200 families.
Its not degrading anyone, but the price is too high for this type of density. High price for a middle/low-cost density project.
Aspen is trying make quick money, very quickly indeed.

@K14
Yes, Aspen need money, and we need good product.
And of course, more units lower maintenance fee, it is good.
And for facilities, the swimming pool with lenght of 250m is extremely big, 1200 units is more than enough to enjoy in the pool.

KDU college construction update: 5th floor started

Saw this project for the first time at Sunway Carnival mall last week & got a 2 pages brochure (A) there.
Went over to their sales galery at BK & got a book brochure (B).

What surprises me is Block E units layout is completely different.
A brochure has 9 units per floor with smallest unit 740 sqft.
B brochure has 10 units per floor with smallest unit 1030 sqft

The SA at sales galery didn’t mentiom 740 sqft when I ask for the smallest unit. A brochure indicate the unit is the 3rd unit on the south-west section but SA said it was the 1st unit on the south-east section.

How can a developer providing conflicting & uncertain information?

Besides the pricing, how the building maintenance & security is my major concern.

@ZX
This is the beauty of AG. They don’t even know what they are trying to build. Maybe one day they are telling people that only 4 blocks will be built to make it 100% sold scenario.

@ZX, K16

If don’t want to buy, don’t buy lah, no one forcing you. Kap siao so much for what?

This is pariah keling COO project, why pay money for this veroo

@Mpoint-Is-Next
what is kap siao mean?

Did PPT write –> “STRICTLY FOR BUYERS TO COMMENT ONLY?”, or “STRICTLY POSITIVE COMMENTS ARE ALLOWED?”

How you know I am not buyer but commentator only?
Can’t a buyer feel dissatisfied to the developer/project?
How many units you purchased there professor?

Not happy to read, don’t read lah, no one forcing you.

K16 :
@Mpoint-Is-Next
what is kap siao mean?
Did PPT write –> “STRICTLY FOR BUYERS TO COMMENT ONLY?”, or “STRICTLY POSITIVE COMMENTS ARE ALLOWED?”
How you know I am not buyer but commentator only?
Can’t a buyer feel dissatisfied to the developer/project?
How many units you purchased there professor?
Not happy to read, don’t read lah, no one forcing you.

Hahah..you are not Penangite? I burst into laughing when saw your message what Kap Siao means…Hahahha..Kapsiao is a rude way to describe people who talk too much, basically referring to the nonsense..Popularly and commonly used in Penang Hokkien..So you owe me a cup of coffee, dude..Hahhaha

Actually the layout has been revised few months ago. You collected 2 different version of their layout. Please ask the sales for the latest one. No need to argue or complaint here, NO USE ONE.

@edisongan
Hahah… you are a Penangite! Hahah…

So?

@K16
So you should continue to kap siao see Mpoint-is-Next can tahan or not.Hahha…Funny dialogue..

@edisongan
Don’t know what you feel funny about. Maybe, time to take your medicine. Yes, laughing is good medicine.

@K16
Guess you get the wrong target to shoot…Don’t be ungrateful and arrogant..You were the one who asked what that meant and I explained to you and you felt offended?

Grow up dude, don’t talk like everyone means hostile to you..read carefully.Adios Amigo

@Hmm
When S&P was signed i forgotten wherether the consent letter attached together, but as far i can remember no letter of consent. I also quite dissapointed with the developer too.. I believe all the affected purchaser can join together in seeking legal advice. Add my email: enochcks@126.com

@ZX
This is so true, i was so shocked when i was told they changed from original plan..

K16 :
@edisongan
Ma lan hai, you arrogant not me! This is lousy project, lousy keling developer, how can the quality better than EcoWorld. We have projects in many overseas places, you penang people all small kampung people, don’t talk big like you very big shot!

hahhaha, edisongan really ithcy now kena slapped for been ‘kapster’ or ‘kei po chi’ or eat his own foot for kap siao.

@edisongan
Did I target anyone? No. Someone may just take it personally. I am shooting the air, and unfortunately someone just got hit unintentionally, I am sorry.
Am I ungrateful and arrogant? I don’t know. I don’t know anyone here. This is cyber world, the ID can be fake and pretend being anybody here. But something for sure, I don’t write and talk vulgar. So, someone is using same ID to set you and me up.
Did I feel offended? I’ll say someone takes it too personally again.
Did I talk like everyone hostile to me? Again, this is cyber world, tomorrow I can log in as edisongan and screw up everyone.

So, Don’t be serious. Especially in the forum, everyone can write anything here. Cheer up.

Najis :

K16 :
@edisongan
Ma lan hai, you arrogant not me! This is lousy project, lousy keling developer, how can the quality better than EcoWorld. We have projects in many overseas places, you penang people all small kampung people, don’t talk big like you very big shot!

hahhaha, edisongan really ithcy now kena slapped for been ‘kapster’ or ‘kei po chi’ or eat his own foot for kap siao.

Hahaha…Yayaya…bobian…Itchy backside..Being KPO to explain..Good lesson to learn but sometimes I view Kapsiao as good description because Penangites are really good at Kapsiao-ing.Hahahha…

Anyway, no worries for me..I won’t take it to heart one..but I still found the dialogue cute and funny…Like I told you Mai Kap Siao lah..then you suddenly pop up, what is mai kap siao? Edible? Drinkable? Hahaha…

@CCM
Looks like you bought a Block E unit.
so, the final plan block E has 740sqft unit? It is located on the south-west or south east?

@ZX
Nope i took Block C, but affected by the height of financial hub, initial plan was 5 storey and now 10 storey. Will take this matter very serious..

@CCM

Then just let go your unit. No need to consider since it is so serious.

@CCM
Yes， this is very bad, should take some action or gather more people to complain together. Could ask and form a group in fb.

CCM :
@ZX
Nope i took Block C, but affected by the height of financial hub, initial plan was 5 storey and now 10 storey. Will take this matter very serious..

Two words… withdraw ASAP

Project Apartment
Plot size 200,000 Sf
Shared by 1200 units plus.(166sf per unit common area)
Booking and peak sales in 2016
Completion in 2021
5 years wait.
So those who are desperate to buy property to stay wont be buying this to stay 5 years later.
So most of buyers are investors, who have less plans of staying.
So if 80% are buying to sell later, then in 2021 when completed, we can have 900-1000 units for sub-sale when completed.
with such high supply, even if development does hit BatuKawan as hoped, it will be a buyers market rather than sellers market.
500K in 2016 plus 5 years of loan interest paid, How much profit and price appreciation can be expected in this situation?

What are your opinions/experience on this scenario?
High supply, 5 years wait time, mostly investors rather than occupants.

@K14
My god….

@K14

For starters, mainland has never been a good place for flipping. Whether it is landed or strata, new supply is always there. During good times, developers make a lot of money with new projects, but not those in sub-sale flip market as they always find it difficult to flip. During bad times, of course both primary and secondary markets suffer. So you are half right in the sense that sub-sale won’t do well when the project is completed, but wrong in the sense it won’t be because it’s dense, but more to the nature of mainland market.

Aspen Vision City Development Update:
https://www.youtube.com/watch?v=GYzVkkENnj4&feature=youtu.be

@cvyi

The density surely will affect the sub-sale marketability of this project.
The common mainland nature is 1 thing, but having so many units for sub-sale will reduce the asking price, or even the perception of buyer market of this project.

The selling point was IKEA, and for now it seems Vertu is the nearest highrise residential to IKEA.
So that point isolates VErtu.
But 1000 units for sub-sale after completion is a serious setback.
People will consider other new projects nearby, but those who have VErtu as their preference, this market will be secluded.
Imagine of only 300 units were available?

@K14

Density has some effect, but the overall equation is much more important, example, number of lifts, common facilities, resident profile, maintenance etc, everything plays a part. Just imagine, if you have a 300-unit low-cost flats right next to IKEA, you think the price will shoot up? I doubt so. So it’s not a single factor consideration, all factors plays a role in the psychological process of buying.

@Hmm
@ZX
@CCM

Me too a buyer of Vertu Block E unit number 2. Recently been called up by lawyer to resign SPA , by then only realise the plan been changed and I have another smaller unit next to my unit, which means my unit will be sandwiched in between 2 units!!

Imagine I went to approach staff in sales gallery and to my surprise they told me that at first they are planning to sell the whole block E to a bulk buyer. However , the deal cannot be made due to the bulk buyer didnt pay on time. So, they submitted to council to change the plan and there comes our latest plan with 9 units per floor and 4 lifts.( I still remembered when I bought the unit, due to it’s the tallest and the highest density block, it was claimed to come with 5 lifts. Again, still the tallest and highest density, another lift gone.)

I was shocked to know that they have the intention to sell the whole block to bulk buyer although we already signed SPA previously. I asked the staff, what you all planned to do if the bulk buyer bought the whole block?TO my surprise, he answered me that they will reassign another unit in another block to me. WHAT ??????!!!!! I think as a buyer, none of us will expect the unit we bought at particular block will be REASSIGN to another unit. Well, too bad that ASPEN not able to sell the whole block to the bulk buyer, ENDED UP, have to change plan and CURRENTLY IT AFFECTS MY UNIT BADLY.

I just cannot accept that ASPEN sales person gave me 2 options:
1)Change to another unit in another block, pay extra- I just dont see the reason why am I need
to pay extra for the fault that others did?
2) Refund us the 10% that we bought, yet we have to bear the loan cancellation fees with bank
myself and the legal fees for loan-which in total around rm10k!!!!!

I had bought this unit in May 2016!!!
After a year your sales person told me that I have to bear rm10k lost and I cannot even own an unit !! It’s just ridiculous.

If any owners facing the same problem, do share your experience here. I just cannot bear with this kind of IRRESPONSIBLE DEVELOPER.

@penang_lang
Yup, In oversea now, will be back end of the year, this issue must be resolved in a rightful manners.
Thanks Penang Lang

@lk
Im so sorry to hear that! Lack of Business Ethical!!!!

@lk
I don’t know how much of loop hole they put in the SPA. Logically the initial SPA signed is bound to legal terms and if you don’t signed a new one & they can’t deliver, then they are legal wrong at the end of the term.

When was the change happen? If you haven’t sign try check http://www.hba.org.my/.

@lk
have you decided what action to take or already decided and sign the new SPA?
have you try checking with HBA?

Can the developer simply force a decision on the buyer if the buyer didn’t decide? Example, a letter has been send out. If no response withing a specific period, the buyer is consider to have taken up option 2 – refund.

@lk

Stand your ground. They cannot do anything. The S&P has been signed and your unit already described in the S&P. They cannot force you to rescind the agreement if you do not want to.

complain or raise the issue in forum or social media will not help your case at all.
Just go for the right channel. Yup, can gather more affected buyer together and see what can do or deal with developer. This is the only way to help.

any chinese school nearby? Primary & secondary?

Yes, Tong San Got Many Chinese Schools.

@britney spears

If the developer has not or refuse to stamp the old SPA signed, then Ik cannot do much already. Bad developer to my impression.

@lk

I suggest you take Option 2. Talk to the bank to waive the penalty. Typically, bank really impose the penalty only for those whom signed offer letter but decide to cancel to go for competitor or other bank’s offer letter. In this case, you are cancelling due to legal issue with developer, should be waiver by the bank.

@don

Don’t be like that lar, tong san tong san. If we all balik tong san, KLCI will dip 50% you know. House price in Penang go down 80%.

no new update ah?
bank loan 1st drawdown done already?

How was the construction a?
Wanted to buy one unik but my friend told me a hor.. too many unit laa… like bo tat aneh

vertu piling now, should be done before oct, nearby can see vervea, utropolis, hijau all coming up, while eco horizon and eco sun being promoted now, ikea starts piling soon, should be ready q1, 2019

@Jordan
many units to share the maintenance fee is advantage.
by the way, Ikea is start building now ;>)

why no news for so long?
Any updates?
The whatsapp group still functional ah? they didn’t add me after i send email also.

@penang_lang
Okay, half year has been past, the fact is, all your point was not true. You are the looser. Pity you.
Ikea was started their construction, and land work nearly completed, Vertu was going smoothly, Vervea construction were blooming, everything is on track.

@penang_lang
Your information or news is not true, IKEA is coming, construction on landwork nearly 100% now.

penang_lang :
@Moslem4U
Yes, not everything must be there but at least something solid be there la. Remember Queensbay? For those who never go through 1997 will never know. Have gone through 2 cycles of crisis in my life and therefore, understand the risk clearly.
1997, Bayan Bay MegalWorld Mall (Currently call Queensbay) stop work due to Asia financial crisis – project got halted and abandon. Lots of people commit suicide because of unable to pay home loan which is a double digit interest %. That time, you young people do not know that it is BLR + instead of today, BLR -. Queensbay only finally completed at 2006 (almost 10 years wait).
Then another financial crisis hits on 2007, US Subprime and Euro crisis. Iceland increase rates to 17%!! Queensbay not doing well and had to sell to Capital Mall on 2010.
2011 is the best time to buy property and sell before 2016. Then late 2015, things start to go downhill again. 2016 recorded the lowest property transacted in Penang while also record the highest supply of residential of all other years. 2017 is exactly 10 years later or 20 years later of financial crisis. Brexit and Trump happened. Both only wants to take care of their own country.
So the question is, will project as big as BK be abandon project? New developer, no track record… has nothing to proof and show. By the way, Aspen Group failed it’s attempt to list last year.. see this news… http://www.thesundaily.my/news/1929564
Good luck to greedy investor like yourself!! Please get use to the concept of abandon project. Perhaps it’s new to your generation.

Aspen not listed in Malaysia, BUT they were listed in Singapore.

nobody mention about the move-in condition and also equipped with the kitchen and home appliances by TEKA.
if deducted these, will it worth still? 500k price

got any whatapps group created for this project?

Mr Seng… IKEA still not open yet. Please get your facts correct. Right now BK is still looks like dessert… not much activity going on other than clearing lands. When open only say la…

Here is some survey about Vertu Resort. From this survey, after your submission and you will able to see the report on why buyers bought this property, which block they choose etc.

https://surveyears.digitalrevolution.my/dr/app/form?id=6