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Vertu Resort Condominium

January 6th, 2016 Leave a comment

Vertu Resort, the very first resort inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City.

* Show units open for viewing from 29 April 2016 onward *

The project will comprise units that will be priced between RM350 and RM380 per sq.ft. and is slated for completion by 2019.

  • Block A: 20-storey condominium (239 units)
  • Block B: 27-storey condominium (253 units)
  • Block C: 27-storey condominium (207 units)
  • Block D: 32-storey condominium (247 units)
  • Block E: 36-storey condominium (336 units)

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Property Project : Vertu Resort @ Aspen Vision City
Location : Batu Kawan, Penang
Property Type : Condominium
Total Units: 1,282
Built-up Area: 1,030 sq.ft. onward
Indicative Price: RM350 – RM380 psf.
Developer : Aspen Group

Location Map:

Categories: Batu Kawan Tags: , , ,
  1. HPBatuKawan
    December 27th, 2017 at 12:01 | #1

    why want argue here argue there? this condominium overpriced la.
    go buy EcoHorizon will be definitely worth the value la.. sumore landed, it wont go wrong bro and sis.

  2. VertuResort
    December 31st, 2017 at 11:16 | #2

    HPBatuKawan :
    why want argue here argue there? this condominium overpriced la.
    go buy EcoHorizon will be definitely worth the value la.. sumore landed, it wont go wrong bro and sis.

    Bro, how to compare ? LH vs FH, which location near to Ikea.. If you compare condo vs landed, then have to compare the price as well.

  3. AlexO
    January 15th, 2018 at 03:26 | #3

    Wow,

    Honestly this is one of the most brutal exchanges among all the properties listed on this site. Not sure why? Is it really that bad/big difference in opinion?

    I haven’t got the chance to visit the showroom yet but I was told by a person visited the showroom it is like >70% sold. The Utropolis studio I was told sold out. Is it because of the lower price?

    Like a lot of you, I have hopes on Batu Kawan hence would like to get something there. Vertu Resort is among my top 3 choices as it is freehold, close but not too close to the main attraction (ask anyone in Damansara and they will tell you the curse of being too close) and within my budget (RM5k per mth salaryman) And yes, I know there is a new condo coming up like right next to IKEA.

    Should I go visit the showroom for more info or I shouldn’t be bothered? Based on what I read it is really a 50-50 split between pro and against. All inputs welcomed and thanks in advance.

  4. joe
    January 15th, 2018 at 07:11 | #4

    @AlexO

    If you work in or around batu kawan, then you should just buy something there for convenience and save toll (since your income is still quite low). Dont expect much capital appreciation because most people who choose to live there have similar profile to you (work in mainland with low income). Later when your income increase, you should look at island. That’s where you will get good capital appreciation and rental income (if you choose the right location on the island). But for now, like they always say, beggars can’t be choosers. Looks like you don’t have a choice.

  5. Owner
    January 15th, 2018 at 11:01 | #5

    @joe
    Mainland rental same as island, but mainland property cheaper than island, which more worth and can cover installment? No need argue go mudah search urself, Mainland income also same as island, no need argue go jobstreet search urself

  6. Kepo
    January 15th, 2018 at 11:30 | #6

    @Owner
    can you let me know mainland which area/project the rental is same with island Seri Tanjung Pinang (STP)?

  7. AlexO
    January 15th, 2018 at 11:31 | #7

    @joe

    Agree and thanks. Having said that, is there any other cheaper and equal alternative? I don’t mind to travel a bit inside mainland.

  8. Owner
    January 15th, 2018 at 12:58 | #8

    @Kepo
    Quayside over 1 mil rental 3.2k, 2.5 e&o terrace over 1 mil rental 3.5k, my 3 sty house 500k at bm 4000sf 8 rooms rent out 3.2k, which more worth?

  9. tiffany
    January 15th, 2018 at 15:42 | #9

    Haha, ok, partition more rooms to rent out to banglas, that’s possible. But that’s a safety hazard, anytime authority can come and shut it down if there’s complain. In that case, low cost flats would give you even better returns. 60k per unit can rent out 500-600 per month.

  10. Banglas
    January 15th, 2018 at 17:12 | #10

    @tiffany
    Aiks, your statement hurts my feeling. Banglas are not all staying in low cost flats. You might never know if we banglas might stay in integrated smart city condominium like Vertu in the future. We also have our banglas dream ok?

  11. Owner
    January 15th, 2018 at 23:54 | #11

    @tiffany
    Haha pity islander like never see big house before, my house over 4000sf gt 8 rooms no need do partition, ur island condo 1000sf 3 rooms? Then my 4000sf should have 12 rooms? Pity islander live like bird in small cage, my tenant is profesional gt high salary just bought new harrier 250k can gt high rental, ur bangla tenant bought bicycle park at roadside and always late for rental?

  12. tiffany
    January 16th, 2018 at 06:58 | #12

    @Owner

    Oh, you mean the original design comes with 8 rooms? That’s quite unusual. Which project is that? Just curious.

  13. Obak
    January 16th, 2018 at 22:47 | #13

    @Owner
    You can have 40k sq ft mansion with 50 rooms in 1 ha of land at a cheaper price than the BM house you had mentioned in a remote place. But when you compare PG house with your BM 4000sq ft house rented to a high income tenant. So what? You are comparing apple to orange. Just because you are lucky to have tenant now, does not mean you will have tenant for this rental price through out your loan tenure. If you are buying with cash, the yield will not be continuos for the next 30 years or so. This is a paper gain unless you cash in on the higher profit while possible. Else, you only have a property that does not yield any interest. FD have at least 3% gain

  14. Name1
    January 17th, 2018 at 17:31 | #14

    It seems the project will only be completed by year 2021? 5 years construction?

  15. penang_lang
    February 19th, 2018 at 12:05 | #15

    Up to now, there is no IKEA in sight!! What happen to this project? Abandon? Ha ha ha…

  16. penang_lang
    February 19th, 2018 at 12:18 | #16

    @AlexO
    It’s better to consider Sungai Ara area.. so many unsold units there and some more it’s on Island. The area is super jam… but you know why? It just to show that that area is really popular and price will continue to go up. Compare with BK, nothing there, no jam and no one wants to live there.

  17. Okay
    February 21st, 2018 at 20:55 | #17

    Anyone can comment on their guaranteed rental or buy back options?

  18. 300k
    February 21st, 2018 at 22:54 | #18

    @Obak
    Lol omg still ply FD only 3%? laugh die me haha, property and rental will keep increase thats y rich ppl become more rich, u still put money in FD feed bank omg

  19. Stamp
    February 25th, 2018 at 10:53 | #19

    @penang_lang
    I think you eyes got stamp.
    Some stamp on both of your eyes la, do you know the “setem”? now less people use. but you still got stamp at your eyes.

    When u free sit helikopter go batu kawan see, the structure is up and u say its abandon. aiyoo oh ma god. dont siasui penang people la… pleasee i felt so sorry for you.

  20. Macha
    March 26th, 2018 at 13:55 | #20

    https://www.thestar.com.my/news/nation/2018/03/26/the-stench-of-overdevelopment-woeful-time-for-folks-at-township-due-to-foul-smell-from-animal-farms/

    How close is Vertu to the reported pig farm?

  21. penang_lang
    July 21st, 2018 at 14:41 | #21

    @Stamp

    Please la… up to now, still nothing there per last visit. Still all constructions and FW. You can see for your self or use Google Map. All brown in color. Yes, I know they say open next year Mar2019. So we wait and see la… until then nothing is certain. Even Southbay Plaza did not fly after open. Do you know that any new mall open in Pg Island no longer success? Even more so in Mainland. That’s because there are no people in Pg. Johor on the other hand is better. Singaporean Or China will come…

  22. alexo13
    August 6th, 2018 at 01:03 | #22

    Long time didn’t update here.

    After few months I still haven’t decide which unit to purchase because of personal and other matters. Listened to all your advice here and went to a few places to view.

    1) For sub-sale units, I really shake heads on some of the newer units. There are irresponsible people turning units into AirBNB units while it is not allowed especially in inner Sg Ara and downtown area. On top of that, some of the units while listed as xxx sq ft, the actual space is like 20% lesser. How do we measure that?

    2) For new units, the density is so crazy that somehow EcoBloom / Vertu Resort don’t look so bad. I visited a couple of projects under BSG and more than 16 units each floor is the minimum. Maybe I am looking at affordable housing but still this is too high dense for our liking

    3) As my household got two working adults and work far apart, we even look at places where one of us would sacrifice for the longer distance. Still, either they are too expensive (Ferringhi Residences 2, M Vista), too small (EcoBloom) or not value of money (our opinion, maybe we are wrong)

    All in all, we still feel Vertu Resort is still the best choice seeing that IKEA is definitely opening soon and there are a lot more factories now. We don’t feel that we can afford the new condo by Aspen. Our concern now is that the price keep increasing for the project and Aspen is not offering new discounts / cashbacks etc while the take up rate is still less than 90%. We should have went for it when it first released.

    Willing to listen to your recommendations again here.

  23. Tin Kosong
    August 14th, 2018 at 00:00 | #23

    @alexo13
    1) AirBNB is like normal case for newer apartment. Some unit layout may seems like smaller than actual.
    2) I am not really sure how the density is measure up.
    Aspen is good in marketing strategy although this project take up rate not reach 70 % if not mistaken. Can check thru they annual report in singapore exchange .

  24. penang_lang
    September 14th, 2018 at 11:52 | #24

    @alexo13
    Vertu Resort price will drop after completed in the next few years. This is because no one will stay there… so if you can, please wait a little longer. If not, sg ara is the best area for you to buy as well. good luck

  25. TK Tan
    October 18th, 2018 at 16:39 | #25

    @AlexO
    Hi, have you bought a unit there?

  26. TK Tan
    October 18th, 2018 at 16:54 | #26

    @Tin Kosong
    Hi Tin Kosong,

    Read the Q2 2018 Financial report here:
    http://aspen.listedcompany.com/newsroom/20180807_190325_1F3_3N48L06LS1ZNOQCF.1.pdf

    Where did mention the take up rate has not up to 70%? Please advise.

  27. BKN
    October 21st, 2018 at 13:38 | #27

    @TK Tan,
    here, on page 16 :
    As at 30 June 2018, Vervéa, the commercial property project and Vertu Resort, the residential project within AVC has recorded sales of 88.74% and 68.94% of total units respectively.

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