Vertu Resort vs One Foresta
Many have been asking whether is there any possibility of property price in mainland to be on par or better than in Penang Island? Vertu Resort at Batu Kawan is selling at the same price as One Foresta open market units at Sungai Ara.
So if you have a budget of RM400k, which one would you choose? Move-in condition Vertu Resort with IKEA furnishing and electrical appliances, or a bare condominium unit at Sungai Ara?
| Vertu Resort | One Foresta | |
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| Developer | Aspen Group | Ideal Property Group |
| Location | Batu Kawan | Sungai Ara |
| Standard unit size | 1,030 sq.ft. – 1,800 sq.ft. | 900 sq.ft. |
| Price psf. | RM386 onward | RM442 |
| No. of carpark | 2 | 2 |
| Selling Price | RM398,000 onward | RM398,000 |
| Development land size | 7.2 acres | 11 acres |
| Land tenure | Freehold | Freehold |
| Total units | 1,282 | 2,334 |
| Expected completion | 2019 | 2019 |
| Highest floor | 36 | 40 |
| 5 nearest schools |
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| 5 nearest malls |
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| Web popularity (Since 5/Jan/16) | 10,000 pageviews | 13,000 pageviews |
| Travelling to (off peak)
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| Key highlights (by developer) |
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(No feedback from developer) |
| More about Vertu Resort | More about One Foresta |
I will choose Tanjung Tokong project like Tri Pinnacle or I santorini cause the future and capital appreciation is better.
Is all about location guys.
Wah… Vertu win liao lo!
Neither, there are still many secondary properties which are better than these two
I will choose vertu if I am working in mainland.
One Foresto too high density. based one total units and land size, i will go to vertu.
Please do not fall under the price because the size of Vertu is much bigger than One Foresto. I would prefer IKEA than queensbay mall.
anyway, sub-sales could get cheaper landed in mainland. more option if working in mainland.
Vertu is not an affordable housing scheme like One Foresta rite..
Mainland always better than island.. Island nothing 1..just congested only..
vertu i choose!! new development area with big potential…and also proper road planning since its a big land. while sungai ara already congested with limited road accessibility. mrt/lrt in island still long way to go ..while batu kawan currently already started to built for future.
Ideal has gangster contractor vs Aspen ????
Aspen will have no gangster contractor over there as they already get them away with Reno ready @MVP
For me I still prefer Vertu as One Forsta still a affordable housing
Since it is compared to One Foresta Open Market units, I will go for One Foresta Open Market Unit as open market unit is legal to rent out. Rental definitely good compared to unit in mainland. Own stay also okay as nearby is more happening. Subsale value will be higher too.
Negative cash flow from low rental also consider good, don’t know what kind of logic is this
Island property have good value for subsale but not that good for renting..if u all willing to pay up extra money maybe 30-40% more then it is ok…as time pass by may be can get your ideal rental after 5-6 years.
the question is why can’t the spa be stamped now and why can’t the buyer apply for loan now?
Mainland rental worse than island. Moreover the place is at Batu Kawan, not BM or Butterworth. Worst negative cash flow.
10% down payment is required to book your unit.
The money will keep in a member card and wait till official launch (somewhere in Sep,16) then only stamp S&P.
No refund is allowed even loan not approve. You can use it to buy others Aspen project.
Wah loan rejected also no refund? Force ppl buy ur other project? Gt cheaper project to sell?or how those buyer gt loan? If gd project no need scare no buyer, y no refund and force ppl buy ur project? 10% downpayment have to keep half year? 40k ×1k units = 40 000k ×4% ÷1/2=800k FD interest, pro developer earn 800k interest from buyer first
Buyers can always check with the bankers whether their loan can be approved before they pay their deposit. The non-refundable deposit helps to ensure genuine buyers and not speculators enjoy the preview price. Buyers are always welcome to wait for official launch to put down their deposit and sign the SnP immediately, but the price may be different and the choice of units may be more limited. As long as Aspen is transparent with the process and the buyer makes an informed decision, it should be fair to the buyer.
Generally in Penang on new property purchase procedure as follow:
1a) At pre launch, pay 5~10k booking fees (depend on property price) to developer’s solicitor to secure your chosen unit.
1b)At launching time, pay same amt as above direct to developer office.
2) Go apply bank loan within 2 to 3 weeks time with property project name and quoted purchase price including unit number.
3) Upon approval on loan, awaiting developer to arrange for SnP/loan agreement signing. Purchaser need to pay balance of 10% of purchase price minus the booking fees minus rebate published by developer if any.
4)At circumstances if the bank loan being rejected by at least two banks, purchaser able to claim for the refund of full amount on booking fees from the developer or his solicitor.
If the procedure as stated above being practised by both parties then only it is treated as transparent and fair.
Do we need to get the government consent?
@Gvt Consent Consent for what?
@Sennh
I think it is Penang state request, need to get state govt consent first. Anyone can confirm this?
You mean to buy a unit at Vertu? No man, confirmed Vertu is not classified as affordable housing. No government approval required to buy a unit at Vertu.
Yes a consent is needed as Vertu is getting the land from PDC. The only rule applied after buying the property if not mistaken is that buyer need to pay 0.1% to govt when selling the property.
What I mean is we don’t need to go to Komtar and register or any such procedure. You can just go to Aspen and buy a unit without any government registration or approval of that manner.
@Sennh
Buying no issue. But I heard fron banker that state consent is needed before bank releases the money (first withdrawal). I am referring to non affordable project.
I know affordable unit has restriction but this is the first time I heard of Penang state gvt consent needed for non affordable projects in Penang, not limited to Vertu project.
Can someone confirm on this?
@H J C
How about other non affordable projects in Penang. I heard buying no problem but state consent needed before bank first withrawal. Anyone can confirm on this?
@H J C
How about other non affordable projects in Penang. I heard buying no problem but state consent needed before bank first withrawal. Anyone can confirm on this?
hi kampongboi.. penang island is nothing? the funny things is why so many people from mainland keep coming to penang island.. cant swim and blame your ball heavy? I know many mainland workers admit they couldn’t afford penang house that’s why they have to buy mainland one.. come to work everyday and que at penang bridge just to go back to their mainland house.
you are very right man. living in penang island, bm area and prai nearby before..
penang island easily can get good rental and house prices keep appreciate.. because penang have a lot of job opportunities and they are paying much higher compare to mainland. I’m so shocked when I got to know some Taiwanese/local company manager at prai area only earning around rm4k!! lololol….
Have the developer obtain permit to sell? Else how they manage to do that? Even forfeiting the booking fee???
Mainland always very smelly. Don’t know why. Smell of chicken shit, belacan, duck shit, pig shit, swarms of flies everywhere, fighter jet planes fly here fly there my ear drums also breaking!
@KimSiew
Hello, I think got some shit stuck in your hair because of the upstairs leaking sewage in your Paya Terubong flat, that is why you smell shit all the time, please use Dettol and wash properly, okthanxbye
@BlahBlah
Haha….I love a person with sense of humor. Oh I forgot to mention about the trucks on the roads in mainland (all sorts, container trucks, transport trucks, ), nightmare!!
How about vertu vs forest ville?
Any idea about vertu vs forest ville?
i will always prefer to buy a home more than a house. between these 2 projects, i prefer vertu due to i like ther well planned infrastructure, i really like ikea, and the center park between vertu and ikea. i can jogging within this great atea. i like this kind of environment. i am not too concern on the price appreciation due to i get into my dream place. my opinion is buy whatever you prefer and most suite to you. it is individual interest, you like it, then it is affordable. if you dont like, no matter how cheap, it is just talk about money, but not life. just my 2 cents
Both projects are at same.cost but different build~up area, location and category (former is condo and latter is affordable house)
So, if for long term investment, former is better, you can rent or sell without restrictions but latter one does. But own stay, latter one due to maturity of township.
As for price appreciation or rental yield wise, it’s quite difficult to compare because luck plays a part too. My BM DST terrace now is worth RM510K compared to 10 yearS back RM210K…You can work out the ROI while my friend has 2 units deperately asking for sale at Batu Mau and Sungai Ara area but no takers too. If Georgetown area maybe much better…so even on island, also very location orientated…
Can affordable project let go easily or rent out easily, I’m still not suRe but it certainly is a concern…My best friend from Rina property just managed to rent out a FULLY furnished condo unit at Kg.Baru next to dimsum city at RM1800/month…The owner purchased at RM230K only 5 years back…so it’s good rental yield too since mainland (more precisely BW,Prai,BM areas) are going for high rise building trend now…so I believe BK is next too…so investment wise is fine, if can wait for ten years…but BK compared to Sungai Ara, latter one is more suitable for living due to maturity of town..
So it depends on what you want only…
You sure you not talking about late 90 or early 2000 while RM1 was still NTD 10？
Haahha…laugh me to death and I’m pretty Sure you are bluffing about salary as a manager at Prai is RM4K unless is super small scale company while they can simply give whatever title they like or working in production line with leading a very small unskilled team…
My father worked as sales manager in late 90 already RM3400 and my colleagues currently in our Seberang Jaya office are at RM4800 and RM6200 as Assistant Sales Manager & Sales manager respectively with only 4 members team…FYI, Both are from Island and working in Prai, so should they just resign and go back Island if Island is so marvelous and fabulous at pay…You just keep bluffing and bragging…
Job opportunity on Island and Seberang Prai are not same..Prai is more on light industry, logistic industry, algricultural & poultry industry while Island is more on commercial & financial except FIT at Bayan Lepas…
Every industry has got high flyers, it’s always 80-20 rules, your friend is not up to the level so he is so~called “manager” with Supervisor pay loh..but can he represent majority of managers here?Hahaha…Think first before you comment..atleast my classmates who are manager already drawing RM6K min and highest is RM8.5K…yes, you heard me so right, they’re mostly working in BM Bukit Minyak & Autocity prai area
We need to face the fact that Penang island is already “City” status while Seberang Prai is only “Township”
City is always more developed in term of infrastructures and environment. No doubt I like to go Penang island for holiday too especially Batu Ferringhi area, with nice sea view and friendly hotel staff.
Township like BW, Prai, BM, Simpang Ampat or BK still need time to develop more tourist spots to attract outsiders rather than only F&B industry (Most Kulim, SP people will like to come eating around here)..Infrastructures are getting better now but still not up to island standard yet.
haha actually mainland gt some gd project can earn rental easily 300+k property can get rental 2k+ can cover installment and gt extra few hundred to spend, compare to island 600+k property just gt rental 1k+ totally cant cover installment even bank interest, but alot blind investor dint see that haha
@orange
If your statement is true, then just buy 2 units of 300k+ each and every month can get 4k+ rental, then still got people want to work? Use common sense.
I believe what he meant was you purchased much earlier while it’s cheap then rent out. 5-10 years later your rental is more sustainable than your monthly installment which I quite agree..even cannot fully cover, owner just need to fork up few hundred to cover only…
lol thats y u need work forever, yes I gt few units, I can retire anytime just receive rental enough, thats y u r 1 of blind investor, like ur statement as u said if so ez study everybody can get full A in exam, everybody r lawyer and doctor, sure gt noob student same as sure gt noob investor lol