Penang Property Talk

Is the location good for this project? Could someone answer me? TQ

@Siew The whole area crowded, many projects launched there (i.e. Imperial Grande, Senzo Residence), a few projects just obtained OC recently, Imperial Residence, Ideal’s low cost apartment. Good location in Penang Island like town area, STP 2, Sg Nibong, Queensbay usually priced more than 700k (double than this).

show room available? completion date?

Now whole Sg Ara and Relau Super Jam …
Need to improve the traffic in this area….

SiewLaiLai :Is the location good for this project? Could someone answer me? TQ

location wise is ok..but quite congested especially peak hour. In future will be more traffic and parking problems

This is a Fabulous condo in Sg Ara. It sit a bit higher and It was further away from GSD and Ideal Project. Fairview was a very good view at whole Bayan Lepas. No obstacle view. Sure no blocking for future development

How n where to contact the developers? Could someone pls let me know? TQ

freehold?

how to contact developers ?

@SiewLaiLai @JOCELYN

Google VST Group’s website and call their contact number

there have 1 main road only, very jam

need to apply

location wise no prb, just that a lot indon maids & “foreign” operators/workers all stay nearby.. peak hours got big buses to pick them up..

@SK Ch’ng
jam is normal la, whole Sg Ara also jam mia, 6am come out won’t jam

I got a call from agent, the launching is on 26 Aug 2017, they ask me to prepare a cheque prior to to attend the launching at Boon Siew. Is this normal as they collect money before any official booking? Btw, is the APDL approved?

Why this thread not active? good location? seems like no interest in this project?
i checked the site, nothing but a marketing board, entrance is narrow and jagged
sure is boon siew project? reputable developer doesn’t do cheap stuff

YL :
APDL approved or not, it’s normal to collect money first
but i think u should wait, cuz many ppl’s experiences are
if project no good response, will further cut price
it’s affordable housing, guess what u never know what’s the REAL price

Why this thread not active? good location? seems like no interest in this project?
i checked the site, nothing but a marketing board, entrance is narrow and jagged
sure is boon siew project? reputable developer doesn’t do cheap stuff

YL :

APDL approved or not, it’s normal to collect money first
but i think u should wait, cuz many ppl’s experiences are
if project no good response, will further cut price
it’s affordable housing, guess what u never know what’s the REAL price

It is ridiculous to collect 5k for booking fee in advance before attending the official booking. Property price will be stagnant and even going down due to the supply is more than demand now. is the developer over estimate or over confident the current market?

It is ridiculous to collect 5k for booking fee in advance before attending the official booking. Property price will be stagnant and even going down due to the supply is more than demand now. is the developer over estimate or over confident to the current market?

Guys take note that there are policy changes for affordable housing lately. Max controlled price now is only 300000 so i dont see how the developer can sell for 388 as advertised unless theyre going to force buyers to take some reno package etc. Do find out before putting your money down. If you are going to buy to live there then propects of appreciation shjould not be a concern as over 15 years the property will appreciate. If you are looking at short term gains pls stay away from this project . price is not going to appreciate much with thousands of units in that area.

This project not under affordable housing category right?
Can’t find and not in perumahan penang affordable list.
Not under affordable category i think.

Marketing agent John Lee, Yvonne Tan & Shirley pls help to clarify?

If under affordable housing, then pls advice why not in state gov rumah mampu milik list? when add in state gov list…?

@Neymar, how can you gain from the affordable house in short term?? It was prohibited from selling or rent for 5 years after receive the key from developer. Furthermore, the price was restricted to increase dont know how many % after 5 or 10 years. If open public units, if sell within 5 years still subject to Real Property Gain Tax and with this high density project, investors will forget about it~

why this it’s being sold as affordable category when even PN1 form from state government to apply affordable home is set at max RM300K category C3, C2->RM200K-C1->150K.

Compared to icondo and imperial grande by ideal,it quite ok. Anybody go to their event?

today grand launch already , seem like that is quite good sales base on the BSG fb posts..anyone was going?

@Jacky
I went to the gallery. Sorry to say I end up leaving bcuz of the cold response. Also bcuz my parents persuaded me not to buy. Really can feel the downturn of Penang property market. Long gone the good old time.

@Kuam.Min.82
Can share pron and con? Your point of view?
Thks.

In term of price, is lowest at this area some more developer is bsg.
Hope anyone can share good or bad for this project?
Is not affordable housing under state government right?

It under goverment and also open for public. The price different is about 30k.

The price from 430k onward.

“why this it’s being sold as affordable category when even PN1 form from state government to apply affordable home is set at max RM300K category? ”

Looks like developer don’t give a damn to the affordable pricing set by PG gov.

@Jacky

I didnt interpret the fb photos as a success. It was not a full house. I could only see a handful of people seated where the presentation was and even that seats were not full. This area is overly saturated with condos

@Lam
I think recently already revise affordable housing category A – F, E for 300K income eligible is 10K and F for 400K income eligible is 12K.
Maybe PG state gov PN1 outdated.
Hope other can clarify…?

So how is the sale for this project? % sold?
Anyone can share?

This project response no good?
No more discussion? So far sale no good?

Any update for this property?

heard the unit dy sold 200units ++ since launching date . i think pricing and developer are the main attractive points for this project. all of us know this area ady full of condos and selling price hits around 550k ++ for a new 1000sf condo

i talk to my young friend, if u want a affordable hse pls
consider this project. if compare to other.
first FV just beside setia condo
Second FV got new design- sky garden at middle floor.
so FV not look like usual affordable hse.
third FV is sales by well know developer. dun scare it will be abandoned.
But the disadvantage is have to sign 48 months s&p.
im old already can’t wait so long…

@Koay Loh Kae
This project confirm is state gov affordable housing? I cant find this project in erumah website?
Why beside setia condo consider good?

@jacky
200units++ sold mean ~30% sold?
Consider good sale nowadays?

@Lol

I doubt they actually sold so many. Discount by 50% what the sales staff tell you. That area is so congested and people spoilt for choice. Possible that only 200 have paid booking fees only

@Lol
not really good if compare with other branded projects n developers. i also feel that they r not really push for the project as not much updates in their fb , official website down .. however , i believe still can go ahead for some young n first time buyer whose not really can afford for 550k++ condo

@jackycwj
Agreed with you.
But price consider cheaper in this area.
Dont know why no more update in developer fb….maybe consider not good sale for them?
Developer release to agent maybe agent not doing good job to hard sell? Haha.

@HAPPY
Bsg staff told 50% discount?
Possible?

‘Happy’ means discount the 200 units sold. Which is only maybe 100 units sold… Get it?

Correct CKS

I have call to BSG and asked It should be discount of 5% instead of 50%. Construction will be start on this yr end. This developer worth to go ?

They got the APDL or not?

@EM

Please read HAPPY’s comment again carefully. No one mentioned 50% discount on the price lah

Bro CKS & HAPPY.
Lol…..thks.

Bro & Sis,
Compare with Imperial Grande, IG better in term of location but price higher a bit.
Nowadays ideal quality not bad.
What u think?

Hear say IG hv abt 1000 unit, FV hv 750 unit. Then, 30 over shoplot for IG and 10 unit shoplot for FV.

IG layout, design and showroom look nice, not sure about FV?

Floods last 2 days may causing property hard to sale at this area?

@BT

this project is on the same tract of land from the same hill, sitting adjacent to setia green/pinnacle
https://www.facebook.com/chantpenang/videos/vb.280376711984000/1568552473166411/?type=3&theater
you look at hillside houses in paya terubong and tanjong tokong, all suffered same act of god
sometimes parents said nope means nope

the real question is whether this is affordable house as claimed by developer when you are paying min 388K for it. The statement govermnet revised the price to 300K from 400K 1-2 years ago because poeple feel even the affordable also is not “so affordable”. The real question buyers have to ask why you have register and apply as affordable home when the price is already reach 388K.

the developer sell as it ” force upgrade”, buyers can’t sell within 5 years upon completion and buyers can’t rent it as well for 5 first years because it’s categorised afforable in reality buyers are paying above the afforable limit 300K, this something have be careful unless some buyer are very sure not going move to another house upon completion plus 5 years period.

if the price already reach close 440K for some units it’s better consider some secondary market property close to 500K which have better size and facilities in neaarby area.
developers should built affordable home with 2 carpark and reasonable size at 300K because government increase plot ratio so that they can build like aprtment like ” komtar” for affordable home catergory and i believe profit is still the even if the home at 300K. if they can build low cost ( 42K ) and low medium cost at 72K why not 300K with 2 car park and size 900sqft.

5 years tied up is start from stamping date of S&P,
which 1 year after the expected completion.

for my point of view,
can list down the affordable project that within 300k ? the sales package, overall unit density & full details ? For us to make better comparison

Ive check with my friend
this project consider early bird, why ?
Since the gov site cant find the name of project,perhaps pending license & etc ?
from my past experience,this is consider 1st price from developer right ?
since no harm done to book an unit for ownstay ,why not go ahead for young gene?
ive compare a few projects in that area… psf wise i think this is lowest lo

pls dont shoot me ya,just sharing nia

my boy just buy one with 3 car parks eh ,but need wait state gov approve lo
any neighbour at level 30 boh?

on last Friday historic super heavy rain, there is landslide at Sg Ara Setia Green landed area. Mud + soil + rainwater all flushed from the hillside to the residence area. Even the NTV7 news report it.

Guess where is this Fairview Residence located at? It is exactly on the landslide slope.
Those who booked, good luck in future….

@Jason
So far how many units booked? Or how many units left?

Lam :
on last Friday historic super heavy rain, there is landslide at Sg Ara Setia Green landed area. Mud + soil + rainwater all flushed from the hillside to the residence area. Even the NTV7 news report it.
Guess where is this Fairview Residence located at? It is exactly on the landslide slope.
Those who booked, good luck in future….

If you are not sure, don’t simply mislead others by stating “exactly”. The landslide slope is on the right of setia green sign board. While, this property is on the left of setia pinnacle.

Lam Pah :

Lam :
on last Friday historic super heavy rain, there is landslide at Sg Ara Setia Green landed area. Mud + soil + rainwater all flushed from the hillside to the residence area. Even the NTV7 news report it.
Guess where is this Fairview Residence located at? It is exactly on the landslide slope.
Those who booked, good luck in future….

If you are not sure, don’t simply mislead others by stating “exactly”. The landslide slope is on the right of setia green sign board. While, this property is on the left of setia pinnacle.

Left or right, still building on the hill slope. Good luck for more forest cutting

Setia Pinnacle completed cant do anything but FV yet to build + 3-4years to complete, maybe vst&bsg take this into consideration to improve or prevention?
Buyer need to feedback or high light this to bsg?

*sigh*….That’s the problem. It’s only a matter of time something tragic happens. Because of money (and VST & BSG already have tonnes of it), people are willing to risk other’s lives.

@T

If u haven’t book this project, just look elsewhere, there are tons of new housing projects out there. Why want to risk your life for the next 30 years for landslide tragedy during heavy rainfall ?

This project is also bad given the location lah. Overly congested already. Might take an hour every morning just to get out of sungai ara jam. Forget it

@KH
You are right, but FV cheaper psf compare other properties at this area…

@Run road
if state governement din take any action to control new project and housing development , within ten years , anywhere also jam and no diff …

Hi, 4 November 2017 heavy flooded at Penang. Does this area, sg Ara flooded too?

PLEASE NEVER BUY IT! Do you still remember of the landslide incident (that killed more than 10 people) happened recently in Granito @ Lembah Permai? (https://www.penangpropertytalk.com/2015/01/granito/). Pls go and check who is the developer of this project. You will SURELY REGRET after buying it.

disappointed.. deposit cheque i claimed back, sorry

bad project for investors. over supply in the area

Another BSG project build at slope of a hill

Alison Lin, why you disappointed?

do anyone already claim back their deposit? i actually booked it during their launching..and they also already took the money d..but until now they never get back to me what is my status whether pg gov approve me or not..anyone facing the same issue here? but i see other developer only took 1 month can help to get their affordable house approved..but not this one..

@MX
Same with you, booked unit during launching day and now still waiting update from bsg whether state government approve me as affordable housing for FV (I am eligible for other affordable housing but give up). I did call state government housing department and feedback is FV not in list which not not entitle for affordable housing or maybe not yet approve…..
I plan to cancel and get refund if finally this project not under state government affordable housing.
During launching bsg staff did mention showroom estimate ready year end but recently call bsg again and feedback is estimate ready next year but not sure when….at least we can view the showroom (like what ideal did) upfront as reference….
Anyway, at this moment i plan to wait another few mth to decide next.
What’s your plan?

@BT @MX
Same with you too, I also place my deposit during the launching, and called developer and state government few months ago. Fairview not in the affordable list. The agent told me that the developer already submitted their application to state gov for approval to become affordable units, and now pending at State gov side. But these already taking few months already. Just wondering, because they can announce this is affordable units, shouldn’t they already get approval from gov first?
I just check with agents last week, showroom only available around Feb/Mar 2018. Which postpone for 2-3 months.
And most curious is, if this unit under affordable, and how they can sell it more than RM400k? the unit is unfurnished and empty.
As for now, there are no news or update anymore from the developer after the launch, when they plan to start build, and yet another block have not launch yet.

Anyway, if I able to find another units, will cancel my booking. Any other unit can recommend?

@JW
I think showroom not ready in 2/3mths time as the site nothing change…
Actually im not realize another block not open for sale, i just know another block corner unit facing west all floor not for sale and the units size smaller…
YW, you can try imperial grande and Senzvilles?

Any latest news regarding this project?

Mm still considering on this project. Apart from it, anyone can recommend other project around same price in Island? Much appreciated.

@Jina consider imperial grande? layout better than this, and 1000 sqf…

Any latest news for this project?

For Public Unit (none under affordable scheme)
Launching price start from Rm 429 per sqft after discount.
Able to apply for full loan.
Low booking fee

Hi.. is it still entitled for early bird rebate 5% if booking now?

@Johnny. Yes it is. Qualified buyer will get 5% rebate. Either for Public unit or under 1st house affordable scheme.
You can select any floor and unit but the price are different with the view.
For Under Affordable Home Pricing
Hill view 408k
City view 418k
Pool view 428k
Corner lot Extra 10k
for 3 carpark unit Extra 20k ( 28th to 34th Floor )

For Public Unit
Each unit pay Extra 30k & Must be Penang Voter.

Completion: End of Year 2022.

Ideal Property sucks!!!!

PM for more details

Ng :
Ideal Property sucks!!!!

@Ng

https://www.penangpropertytalk.com/2014/02/tri-pinnacle/
Bomba can’t go in fire-fighting because there’s no better roads for building built along hills..
good luck folks

Hi guys, this is my first property to purchase, recently i just paid for the booking fees and this is for own stay, any advice? I hear some bad news with this location about flooding and landslide? is it a safe condo for a long stay?

@Choo Kah Wei
how much is the booking fee? are you buy under public unit or affordable?

@Jack
Jack, qualified buyer under public unit also entitled 5% rebate?

Project started?

27/6/2018, the project even not started. But still collecting depo 5K until now? How came affordable can choose units and seling price more than 380K?

@OKB

900sf ceiling price is 400k mah

Bro i heard is 970sqf

if i can choose one more time , i decide not to invest this stupid project . i booked the unit one year ago , which is early sept , and now already july 2018 , the developer never never contact and update me anythings related to the project.when i ask agent , agent keep simply giving promise which is never true , from after merdeka > before christmas > after new year > before or after cny > before raya bla bla bla..really kns

Hi Jackie..i am also one of the buyer here..

Just receive call from BSG last week..they already start process in signing S&P..due to mine is for affordable house..it will take 1-2month..

Glad the project already started..visit the project site.

Hi, anyone knows that when can sign the S&P?

@jackie

same happened here, stupid developer so free, every week organize yoga/zumba, but never pay attention and focus on this project. Sucks!

The delay in S&P signing is due to landslide issues and Boon Siew the developer is working hard on this. Good luck and pray hard for those who had booked this place.

@Ng
it’s Boon Siew’s project, not Ideal la.

Good news, we already signed the S&P on last Saturday, I think we are the 1st one to sign the S&P.

just curious, since penang has announced the property in penang will be reduced 6% – 10%, is the property price remain the same or further reduced? because booking is based on the material with GST.

i believe no developers lower down their price lol , i went to malls all same

just signed the 1 year anniversary s&p today,thankgod for goodsake

How is the status of site now??

Hi all yup the snp can sign now …

Just signed S&P last week,finally…. appreciate the help of agent jon,tq

You’re welcome Madam Ooi

finaly received letter for signing S&P

@xyy

Did you receive letter for signing S&P from developer or lawyer?

@Lim

you may receive letter from lawyer via registered mail

when block b launching ?? pls send to my email for details

Hi.. when the showroom will be available? we are signing the S&P before the showroom available… ;-(

@JW

i have a feeling that show room will be ready by next month, i have see their show room almost ready and renovated.

@xyy
Hi, they build their showroom at the construction site?

Dear all,
I apply Fairview under affordable through penang government. But until now I haven’t received any penang government letter that says I eligible to buy Fairview. But I already lawyer letter to sign S&P.
Anyone can advise me? Need to wait government approval? Or straight sign S&P?

Thank you

i heard from developer that can sign 1st before approval

What if after sign S&P, government not approve??

If dont get either u can take back the deposit or take non affordable unit which pay xtra 30k.

Showroom is ready. Will start open for public to view on next weekend onwards.

car park front back RM438,000 , side by side RM458,000 …where come the affordable ?
where the RM300,000 affordable housing? hope u see my comment.. @jagdeep singh deo
thanks!

Finally state government approve. But hesitating to sign the S&P as government just announced to drop housing price for 10%? heard that 2nd of nov is the budget day?

Guys, can I know what is the current price for tower B?
I heard from my friend saying hill view 408k and pool view 428k for tower B only?!
Is this affordable price or public price?
If public price, then is not fair for tower A early buyer d..

@ Johnny

For my understanding, the price for Tower A are as below:

1st time *Affordable Buyer*
Hill View : RM 408,000
City View : RM 418,000
Pool View : RM 428,000
*Each Corner Unit Add +RM10,000*
——————————–
Normal *Public Buyer*
Hill View : RM 438,000
City View : RM 448,000
Pool View : RM 458,000
*Each Corner Unit Add +RM10,000*

For tower B price , i think that you should refer to developer.

Is tower B launched?

If FV is under affortable scheme which is i believe max rm400k then why the price is more than rm400k?

Fairview is having issue with the entrance. Until now there is no concrete plan on the entrance. Latest update is BSG going to purchase a small piece of land beside Setia Pinnacle’s guard house. What I know that Setia is not giving up on that land and Setia Pinnacle owners most probably will take litigation action against BSG. I expect this project to be delayed. This does not bode well with Sierra81 and Pinnacle owners.

DO NOT BUY this project! You will surely regret …

@Sam Fong
May I now what’s wrong with this project? Why will be regret? But as I know, the unit almost sold out and limited unit only available.

@Sam Fong

y regret? i am looking at it seriously. Let us know the reason…

The residents stay nearby there notified got electricity station near somewhere there, is this new correct, any radiation?

Would like to seek advise, is this property worth to buy for own stay?
Seeing some comments about landslide / entrance on the condo got no fix plan. Will this issue be solved? Seems the site only have the gallery, not even seeing any constructions in progress. Any ideas?

@Anonymous, this project is near to the hill slope area, I got no idea what type of construction can prevent land slide. My family got two condos near that area, during the peak hours, the area is jam and would takes about half an hour to an hour from QB to reach my condo @ Relau.

Most of the affordable houses are meant for own stay, owners dislike AirBnb and affordable house are high density (750 units for 3 acres+ land should be quite okay). For your case, there were also some shoplots building which is good for your convenience. It is a normal practice for developer to clear the site and take their sweet time to carry out the piling works (maybe 1 year or so).

@ryu
Thanks Ryu for the info. Entrance to the condo is quite narrow if it is exactly the route of the showroom. Hopefully they will have better plan for that.

RM3k net income can consider to afford this project? with mthly loan payment RM1.8k and other cost (maintenance/utilities & etc.). Feeling risky. Any expert to advise?

@firsthome, I dont think so. If your loan is 400k, every month installment around 1.9k + 200 (maintenance free) = 2.1k. This house is empty unit without any renovation package. You may need to fork out extra 20k for interest and 30-50k for renovation (kitchen, air cons, metal grille door, water heater, furniture, lighting, plaster ceiling, curtain…)

My suggestion is you may ask your parents or brothers to share the house, joint name with 1 more person and with 6k combined income, it would be easier and the bank mostly will approve your loan. Don’t forget your car loan, education loan, renovation cost. Earn 5k net per month to pay the installment also quite stressful, not to mention you are earning around 3k net.

Does anyone already get approval from government under the affordable package?