So many ongoing projects in that area, many are not even occupied.
Why keep on building?

@penangkia
To be honestly, it’s really over supply. I won’t buy anymore unit in this area anymore.

I think every property in Penang is sold with future price. Our developers all got the ‘vision’ to see that in future Penang would be very very populated 😀

@jack
Not populated but with vision of high income nation.
Another 10 years that’s no more land to build in Penang island prime location. If stated government unable to create more high skill professional high paid job then property market will in doom due to no demand. Supply vs demand always a decisive to see how property market to grow in next 10 years.
As of southern region of penang, i can see majority of upcoming new project near Queensbay are all premium & majority in 1M above in near future.

This project description seems like a twin brother to amarene.
in fact the illustration above shows 4 tower in which 2 of them is amarene.

you may want to check out how is it going with amarene…

@CNY
Not really. How about if developer build a smaller unit like 500sqf? Based on current market trend, most of developer will won’t increase price however the unit propose will be smaller & maller. For example like 500sqf buy selling rm600k. That’s to provide easy access to buyer into market. If they build a bigger unit like 1500sqf & sell like 1.6M. It’s difficult to get buyer hard sales.

Most of new project launching this year into market.

Maritime signature 400k+
The meg 500k
The crown 470k+

@EK Tan
The house you live in does not have to be as big as 1500sf, and not as pathetically small as 500sf. 900sf for a small family or couple is just nice.

Also, there is no need to pay RM1000+psf (as mentioned by you, RM600k for 500sf or RM1.6M for 1500sf) for an apartment, as you can easily get RM700+psf from resale market which are also brand new units. RM600psf for 900sf is only RM650k+/-.

@Maggy
I think what he tried to mention is about Queensbay premium location freehold title project. Actually i agree also future will be 1M in that area as most of land bought in higher price transaction. If you go Bayan lepas or relau as you said no problem to get a unit with 600k or 500k about 1000sqf. Amarene is a good project & now follow by this. And price up about 100k due to post pandemic cost increase. I believed all depend on location premium location then you have to pay premium price. Equally same as island & mainland. If you go mainland then you can get easily a Semi D or terrace but here only a normal apartment/condo.

@Man
I do not think what EK Tan tried to mention is Queensbay location as
(1) Maritime Signature is located at Karpal Singh Drive
(2) The Meg is at Tanjung Tokong
(3) The Crown is at Tanjung Tokong.

None of them is at Queensbay area at all.

@Maggy
Anyway, those are service apartment for aibnb friendly.
In Relau & Bayan lepas we can easily to get a unit with lower price per sqf compare to other prime area since supply more than demand. As you mentioned, 900sqf for rm600psf which i don’t think people will buy in subsale since oversupply. Even Fiera vista also fetch lower value in transaction.

I think oversupply problem is not only in Relau & Bayan Lepas, it’s everywhere. Just because a developer price it’s property more expensive than others doesn’t mean the demand is more than supply at all. It is not uncommon for a developer to sell expensive initially to increase profit, but then give a discount of 20-30% after OC later due to unsold inventory.

Don’t be tricked by the developer’s “sticker” game, meaning putting a “sold” sticker on unsold units in a sales chart just to give a false impression of good demand, and only to give big discount afterwards when they cannot sell those units, claiming that those units are still available because buyer cannot get bank loan.

@dilon
I agree that oversupply is everywhere now but Relau Sungai ara & Bayan lepas are top among Penang region. 20%/30% discount after OC it does happen also specially for mount residence/straits residence happen too and COD still plenty to sell specially develop exchange development cost to contractor by giving some unit to sell. But if another viewing, some project after OC increase by 10% or more in price due to good funishing & high demand/good scoring.

Anyone know about take up rate for this project?
This project layout is good but the price really too high in this area.
Is good if to buy for own stay.

Any commercial unit for sale?

Does anyone know if this project is open for booking?

@KrisK
You must be just walked out from MCO.
The project already start selling not just booking.
1100sqf to 1200sqf with starting from 660k to 730k.
Basically the concept almost similar like The amarene but the quality & design & material used probably much better than Amarene since many complain from buyers.

Wanted to know, is there any rebate for Lucerne project by buying developer unit ?? And is there any feedback or group for this project ?? I’m interested to know more as buying for own stay

Project does not seem to be moving and looks like stop at the moment. Too many condos around and will only add to more congestions. Moreover kinda high density and with such high floors.

Speaking from Ideal project experience, poor management from their related property manager, water leakage from many floors, high maintenance fee due to recurring faulty pumps and motor, crack building etc, etc. After warranty period over, residents will bear all these cost. Good luck to those who still insist to buy from them !

@Diana
You mean Amarene? I hear many complaints from Amarene. Crack/water leakage/bent wall/low class lobby entry.
However, Queens waterfront is extremely well. The material used & finishing really great.

@Lost
Yes. Just go and see and judge for yourself.
Cracked floor and water leakage/seepage will become major problems later on after warranty period despite whatever promises on repairs and rectifications. There are other issues as well and best see for yourself. Now with the increase cost of constructions and building materials, “buyers beware” of the end products that will be delivered.

@Bee E
I believed different contractor used.
However Amarene seen poor finishing.
If they able to duplicate the same material & quality of finishing from Queens waterfront to Amarene then it’s wonderful.
Hopefully Lucerne will get something different as price is highest among these area.

@Lost
Hi Lost

To be fair just ask around from those surrounding projects by Ideal if you want to know better on their developer related property management responses on defects and after warranty defects period. Anyway, you can always hope and hopefully don’t regret after high hopes.

@Bee E
I believe you suffer from all Ideal city project.
All project i can say finishing really doubt like what you said.
Amarene really terrible finishing not really good. Even the lobby entrance door hahahaha. Summersky….. Solaria square management oh dear..
The only project Ideal success will be Queens waterfront.
Qlassic scoring highest at 86. And Q2 probably more impressive maybe because of high price & material used.
However the price is shocking. More expensive than Tanjong Tokong. Faint….

Hi all, i am one of the amarene resident. I bought amarene because of the location near to workplace despite i saw many bad review on Ideal condo, another reason is I see summerskype has no bad review. But TBH, i feel regret now, as what mention by other owner from imperial grande / one imperial etc, the management (Po**tive Upa**) assigned by Ideal is not doing their job as management! It has been few months i move in to this condo, i am tired to deal with irresponsive ideal office and management, they like to play taichi and even rude in talking, i feel so disappointed of paying all the fee but unable to get the equivalent of service. You should witness by yourself, security guards on duty sleeping with leg on table during daytime near to lobby lift entrance, and this occur not only one time, security guards smoking inside resident lifts, RATS running around facility floor, even the lobby is so dirty and smelly, i really paiseh to show my new bought condo to my friend who visiting me. Please think twice if you want to buy ideal condo, make sure the management assigned is not (Po**tive Upa**). You will need to fight with management very hard only can get your defect rectify, or else, you will need to issue formal complaint letter to Ideal office. I witnessed the contractor top up water in my bathroom while i re-do my water ponding test, i catched them on the spot, they were shocked at first, but immediately talked very rude to me and tried to give lame reasons of why topping up water for my water pond test. Since January until now, i am so busy to deal with management for all those issue that they suppose to know how to solve, their ignorance make me regret of buying amarene. Please think wisely, no matter how attractive is the facilities and no matter how good is the workmanship, 3 years management by Po**tive Upa** will definitely spoil of your condo and the consequence is, you will be asked to pay more monthly maintenance fee for nothing. You should actually come to amarene and witness by yourself, see the rats here and there, smelly, and how they defined “gated and guarded”, how they jeopardize resident’s safety, see Management by Po**tive Upa** is so reluctant to settle even a small issue.

Hi all, i am thinking to sell my unit in Amarene, definitely cheaper than Lurcene, please contact me if interested.

@kelvin
Best developer of management will be IJM/Setia/Eco World/E&O.
If you deal with those developer then definitely you won’t come to Ideal. I can say all project are not well manage by Ideal except Queens waterfront.

@kelvin
Do not expect Po@#tive Up*#ya to solve the defects while under warranty period as happened at many Ideal projects. They will never and I repeat never take your complains seriously until warranty period ends. They will raise maintenance fee during AGM (sound familiar) and residents will eventually bear all the repair cost later on after warranty period. Just accept Ideal as affordable homes developer who cut corners with sub standard contractors. Really regretted buying from this developer !

May I know anyone here with lawyer background can provide your opinion, like how to sue the developer and management company? Which government department or agency can we deal with?

Amarene is a great project witj spacious layout & low density.
I visited friend house in here recently & facilities were impressive. However some crack line & defect able to observed in corridor & house unit. And lobby was good but with steel door & claimed to be part of design. Overall just looking good & some partial area to be improved.

@Award Project

If Ideal Projects are so great like Amarene, go buy one and experience the treatment from the Ideal related property management and the soon to be discovered defects. Seeing is different compared to the experience of owning one of Ideal condo. Cracks and defects are just what you saw and wait till you discover more issues later. Just speaking from experience having bought Ideal condo with full regrets, just ask those from Solaria and others.

@Goreng Kuat
I see. Thanks for sharing. Probably a painful buyer here with another poor experience. It looks like poor service given by developer after VP done for Amarene /Solaria & Ideal City.
How about Waterfront project by Ideal? Was it same service & issue provided too? The project seen impressive which quite different from ideal city. Looking forward someone share their thoughts.

@Goreng Kuat
You sell me your unit RM500k since so much poor quality & poor management. I will take risk & buy your unit & settle them. Come. Give me your email address. I will contact you.

@Hamilan
Great ! I was looking for buyer urgently. I have choices for you one at Forestville and another one at One Foresta. RM500K, no problem. Sold my Solaria already recently. Please let me have your email. Can arrange visit anytime too.

@Hamilan

I am willing to sell my unit as is where is (log stock and barrel) at that price 500K if you are interested at Amarene. Please give me your email. Will contact you.

@Hamilan I bought an Amarene unit at 650k, now done renovation and defects done rectified, i would like to sell it at 750k, are you interested?

Many complains Ideal quality is bad, my friends bought Setia Skyville also facing many issues, rainwater washed into the unit via the corridor, need to use carpet mat to block the water at main door. Lifts also affected after rainwater overflowed into the lift lobby at ground floor. If you want to experience that, just pay RM700k to RM800k and you will know.

Please share me your email. Thanks.
Will PM you privately. I don’t want all agent related come to me.
If you willing to let go around 500k then i’m interested.

@Joey Sim

@Goreng Kuat
Not interested in affordable house.
Only Amarene.

@Hamilan
Fantastic !, how to share email privately? Better be quick, genuine buyers only and hope not with budget pending loan approval. Few already contacted me. Cash buyer only.

@Joey Sim
Are you sure? This project is one of the worst finishing. Nobody want.

Hamilan :
@Goreng Kuat
Not interested in affordable house.
Only Amarene.

@Hamilan
Good luck

@Ryu
Any action taken from setiaskyville developer for the rainwater issue?

@Xoxo
That’s why Setia until today still many unit left. No solution. It’s design even corridor also left open & no balcony & just a tiny grill steel for you to hold. Risky.
For Ideal, you will expect some poor concept & finishing for all project except their Queens waterfront project. However, RIP also due to skyrocket high price.

Better stay in affordable house. Huhu

@setia cry
U bought a unit for setiaskyville?

@Xoxo
Yes. I like the concept environment overall.
That’s pro & cons anyhow.

ideal property famous with bad quality…why want to spend so much money 600k buying this piece of crap?