The Spring


The Spring condominium located along the Jelutong Expressway that gives a panoramic view of the Penang Bridge. The concept of the project is modern contemporary and emphasizing on its Tropical Garden features.

The Spring Condominium comprises 396 condominium units in total. The built up area ranging from 925 to 1,281 sq.ft.

Property Project : The Spring Condominium
Location : Georgetown, Penang
Property Type : Condominium
Tenure : Leasehold
Total Units : 396
Built-up Area : approx. 925 - 1,281 sq.ft.
Developer : IJM Properties Sdn Bhd

2,398 comments«Oldest  ‹Older  2201 – 2398 of 2398  Newer›  Newest»

September 20, 2009 at 2:02 AMFisol

Did you get a 3-D rendering done on AutoCAD Kitchen Designer? For that price you throw, should come with a detailed 3-D layout on computer screen and also on paper.. This should be agreed by both parties upon the quotation.

 
September 20, 2009 at 4:48 AMsecretJEWELRY

hi bad,

do you have more detail about this "cooking zone"? like website and etc? so that we, can aware of this company.

i appreciate your voice out on this issue. anyway, my kitchen is done by cucina and i spend 11.7k. service is good and material but i feel a bit expensive.

 
September 20, 2009 at 9:30 AMbad

Chee Yong,
Yes, the space should be just the thickness of one melamine board. I complaint to him the 4inches+ gap is not making sense and he still insist it is fine, it is okay and all the bullshit until i insist to fix the 4 inches to the usual gap thickness by putting up other designer name. So it is not for opening the door, it is his mistake that he refuse to admit and try to con me to believe the size is "okay". Furthermore, when his worker came and fix the issue, the worker himself said, 4 inches+ is too much... ai... after all this, it screwed up all my move in schedule. Btw, you wont believe it, and i dont believe how naive i was, the 2D drawing is so simple that even my computer drawing to my carpenter is much more detail. The drawing from Cooking Zone is in 2D and WITHOUT any measurements!


Fisol, no 3D drawing, yeah i was very surprise too when i first get his quotation because the other quotation i get was in 3D. But he is very gentle speaking and i thought i was on the right move... proven wrong now. But even 3D diagram wont fix my issue because it is not the layout that is wrong, it is the promised material mechanism and also the finishing of the installation.

secretJEWELRY,
i dont think he has a website now since he is still new, the shop name is cooking zone. Just be careful when you deal with him as his quotation alot grey area not like other pro designer. Yup, i heard about cucina but dint get their quotation previously.

 
October 10, 2009 at 2:07 PMeasy

Dear Wa, Paul, Ooi, Yung, Dark knight, Cereal Killa, PEngineering, Victor, Steve,

Hi guys,
At least my valuation is for resanoble 240K, and everyone was up against me....


Read posting on Sept 24,by Khorlin... is offering to buy at 200K only! Maybe bulk buyers got it for 195K.
Are you guys sleeping ? or is Khorlin any of your cousin?

GWSC, quick get hold of Khorlin.. for second unit. :)
Khorlin, feel free, Deepavali sale at 189K

Take it easy...

 
October 12, 2009 at 2:30 PMkhorlin

You will be surprise what offer i am getting..:)

all i can say is there are many others unlike you

 
October 13, 2009 at 11:30 PMWei

Easyman,

Once u sober up from ur orgasm of make-believe in terms of Spring's subsale unit pricing, feel free to come back in & offer a better price.

Maybe then people will start taking u seriously & offer some discount to resuscitate ur comeback fr fantasy to reality

 
October 14, 2009 at 10:30 PMCereal Killa

Dear Easy Man,

Talk is cheap when you brazenly claim subsales are done at such a low price. Can you prove it? I dont think so.

Any genuinely interested purchasers can just go around asking mortgage officers around Penang asking how much the recent Spring subsales are done... Or even ask property agents if anyone is willing to sell below developer price..?

In a nutshell, the market WILL know what the price is. And they will be smarter than you think.

 
October 15, 2009 at 12:23 PMPEngineering

Hahaha!!! dont blame easyman... i think he has visited the wrong project, perhaps ocean view. i think he can get 200K :-)

 
October 15, 2009 at 5:21 PMOoi

Nope. "Easy Man" visited Mutiara Heights. Saw him there. He looks confused.

 
November 3, 2009 at 10:23 PMPaulz

heard that Spring now are rent to a lot of foreigner workers like bangladesh due to the home investors can not sell out their units,if it is true, this is really bad news :(

 
November 3, 2009 at 11:16 PMCereal Killa

Yup u are right. My Type A unit is rented at RM2K per month to a Bangladeshi expat who drives a new Camry. Should have asked for RM3K..

 
November 4, 2009 at 10:59 PMeasy man

Expat with new CAMRY paying 2K? that's nuthin' man, we Malaysians live in LOW & MEDIUM Cost flats drive BEE EMS and MERCES! go look around.
Just Wonderin' why would someone pay 2K when alot of units for rm1200 is not taken up.....
Cereal should buy up all the unsold units in spring.... and rent out..

 
November 5, 2009 at 12:32 AMCereal Killa

well, easy man, cant blame you if you are not efficient enough. not everyone is a savvy investor.

dont give up.. am sure one fine day one low cost dweller with a mercedes will pay some attention to u..

 
November 5, 2009 at 1:27 PMOL

Easy Man,

i think your reply statement to cereal Killa should use it for yourself. " Why should someone sell the spring to u at 230k when they can sell it at RM290k "? . Does this statement strong enough to prove that you dont know what you are talking about....you really ' blur-blur la '

 
November 5, 2009 at 4:45 PMgood day

hey friend,rent out a unit at 2k to bangladeshi?becareful and make sure they are not doing robber or illegal business...and the camry is he owned?...summore new car...ai..what happen today malaysia...

 
November 7, 2009 at 12:46 AMchee yong

DO you guys still think it worth the value? I was totally regretted with the quality of the building since the day i collected my keys.

Below was something just happened. I had no idea how it happened. But it was a totally screwed up.

Water Re-visit

Wondering will this happened in the unit too? The lower quality piping will suddenly busrt and flooded your unit.

 
November 8, 2009 at 9:54 AMDanny

Hi Chee Yong,

Can you explain what is happening? Is it water piping leakage?

Danny

 
November 14, 2009 at 8:15 PMFisol

Workmanship always been the most important thing..
This is unexpected, but here it goes...

Flush Leak Pt.1

Click Flush Leak Pt.1... !!

 
November 15, 2009 at 12:47 AMFisol

Flush Leak Pt.2

Click -> Flush Leak Pt.2...!!

 
November 16, 2009 at 1:51 AMYung

OMG,

Fisol, that's a very thoroughly descriptive effort in pointing out ur unit's toilet flush system & its terrible seepage beneath ur bath floor tiles...ewww, imagine pusing that discharge button after u've finished ur "business"

Anyway, some helpful info:

Spring foreman(General/overall works): Gary 019-474-1097

Plumbing contractor: Jiang Chun plumbing (occupying 1st 2 shoplots of shophouses beside Spring) - behind Shell, directly opp Chinese Temple

 
November 16, 2009 at 5:17 PMFisol

The case was reported to IJM mgmt office early Nov and today people came in to fix the thing. IJM staff has been very professional in handling issues. Thank you for that.

I will request a defect rectification letter from IJM mgmt office on what actions taken to rectify the issue. In the future if the same problem reoccurs, the IJM mgmt will be responsible to resolve recurrence problems.

;)

 
November 17, 2009 at 1:24 AMPenang Fan

IJM charges more for their properties because they can boast quality end products. No one will pay premium dollars for condos with shoddy workmanship. Unlike the infamous "CA Goh"developer who sells cheap eg. The Cove and the Central Park projects. You buy because it is cheaper by the footage and shouldn't expect much of a quality. You get what you pay for as they said. If there are more incidents like this from IJM. Their power to command more for their condos diminishes. Speculators will less lightly to buy if there are no takers for their resales! In the end. Both buyers and IJM herself suffers. All by it's own doing.

 
November 23, 2009 at 9:59 AMChia

any different between cash purchase and loan purchase? because as i know both are same for owner because owner also get 'cash' from bank...

 
November 25, 2009 at 10:03 AMNicholas

Hi Neighbor,

I'm a Type A owner, can anyone share your Idea Kitchen Design.

Thanks & Cheers..........

 
November 25, 2009 at 2:57 PMLoo Soon Huat

Why only 1 car park ?. What happen to the other one ?

 
November 25, 2009 at 10:30 PMJess

What is the market price for type B (947 sq ft) below 12 floor?

 
December 6, 2009 at 10:27 PMmaxbw

I heard that there are many investers started to loose money because they could not sell their units after getting their OC.

So will the price of Spring drop very soon?

What is the market value for unit facing seaview?

 
December 7, 2009 at 3:46 PMmaxbw

Some people advise that temporary do not buy "The Spring" because the price will drop very soon due to supply over demand.

In additional there are several issues about the quality of the units like serious water leaking.

Let's wait & see.

 
December 7, 2009 at 7:16 PMGI Joe

yes, that is indeed true, it will drop below RM280k for entry level unit. I have been visiting there since OC, until now it only 20% of occupancy and mostly are tenant.

The fools who rushed to queqe up overnite to buy, now they have to serve repayment for banks for the empty unit.

 
December 11, 2009 at 3:16 PMmaxbw

I read several posts about bad workmanship and unprofessional of Cooking Zone. So far anyone else victimized from this company.
Actually some of my friends are looking for kitchen specialist including Cooking Zone. May be I must have them not to even consider Cooking Zone .

 
December 13, 2009 at 9:37 AMChia

this year dragon boat change vanue to the spring already... for those facing bridge can see dragon boat in their house...

 
December 16, 2009 at 1:59 PMDavid Lee

I am hearing a lot of comment on price drop few months back on this blog. Have anyone look at the house price from newly launch project, high or low? if yes, you will knew that the spring actually not really high in price. In face >30% already occupied and >20% under renovation, believe will have 50% people staying during comming CNY

 
December 22, 2009 at 2:02 PMmaxbw

What is the original price for 1281sf?
RM430K is unbeliveable since this is just a leasthold (99 years)

 
December 27, 2009 at 4:21 PMpenang

original price for 1281sf is RM300k onwards.

 
February 1, 2010 at 1:12 AMLoo Soon Huat

Anyone selling type F for 150K ?

 
February 1, 2010 at 2:03 AMFisol

u mean Usd 150k? Yes many sellers are waiting to sell at tht price..

 
February 3, 2010 at 12:37 AMCK

Lim,

For that price u can go check out Ocean View. There should be many units up for grabs there too. The only thing they lack is another parking space.

Apart from paying a paltry RM800 rental, u can also enjoy their interesting haphazard roadside parking formation every nite..

 
February 5, 2010 at 9:31 AMsiew peng

A MOTORCYCLE LOST AT THE SPRING CONDOMINIUM


I am one of the owners of the “The Spring Condominium”. I lost my motorcycle inside the compound of the condominium (at the motorcycle parking space). My motorcycle was lost between 16/12/2009, 6.30p.m to 17/12/2009, 8.30a.m.

Immediately, the same day, I made a complaint to the management and requesting to view the CCTV. I was disappointed that the IJM management staff could not operate / replay the CCTV.

I was being told that they have to send someone from KL office to operate it. To my much disappointment, I was being informed by the management that the CCTV hard disk had scratch and not in operation. I went to the IJM Penang Office to complain and all of the managers were on holiday.

I had written a complaint letter to the General Manager of the Jelutong Development Sdn. Bhd. I seek IJM to settle the issue with me within ten (10) days.

At first, the management told me that they might be able do something for me as a goodwill. After a few weeks of waiting, on 4/2/2010, I called the management staff to find how the situation. He told me that the management and committee had met and decided not to compensate because they said that they had not done anything wrong.

I believe that the maintenance fee that I have been paying monthly cover the operation of the CCTV and other facilities. Should all these facilities are not in working condition ? Are we therefore not liable to pay such maintenance fee?

If the management feels that they have done everything right then how about the CCTV in not working order ???

 
February 5, 2010 at 9:38 AMGI Joe

siew peng, no one to blame but to urself for choosing that place to stay. do u know how many foreigners (low class one) stay at ur place? check it out if you havent met them as ur neighbours.

think about this way, when you lost your car in somewhere Malaysia, do you sue Gov for this ? As you also a tax payer paying for your security right ? haha

 
February 5, 2010 at 10:56 AMethan

siew peng, maybe it is a insider job!IJM is big reputable company,yet they cant get reliable pple to manage the security.Every month we r feeding them tens of thousand on maintainence fees,another smart way to earn $$

 
February 5, 2010 at 4:24 PMGreen Tech Inspirer

Hi Siew Ping,
I will support you in whatever manner you intend to take this matter. Its pretty stupid to say the CCTV hard disk is spoilt and throwing the ball back to us. I had an incident where, i was charged interest for paying the maintenance fee late and now with all this faulty thingy, why should we pay them? The reason of buying apartment for an expensive price is to have SECURITY and IJM FAILED MISERABLY !!!

GO full force.. I'm sure lots of residents will be supporting you.

 
February 10, 2010 at 12:54 AMYung

Hey "BuySell",

Your posting sounds like an advert for mandarin oranges/beer price war btw our 2 local famous hypermkts!

Others posting on this blogspot:

I'd advised you to carefully research the distinct differences in rentable rates for your unique unit types (A,B,C, etc), layout, features, view quality..then benchmark against prevailing mkt rental rates of apts in Pg.

Although every unit in Spring is sea-facing, not every unit has similar seaview quality, panorama, volume of breeze, floorplan layout, carpark positioning, etc..

Let these winning/less-winning features eventually decide what rental rates u can command, against how much prospective tenants can/could/should offer. Leasing is not an activity to be classified under "one size/type fits all" pricing scheme, and each Spring unit should be appreciated based on its unique winning features & subtleness.

It's true that there's currently a property glut out there, so essentially it's a buyer's/tenant's mkt. But I'd advise against shortchanging & downgrading ur unit value out of desperation, or simply just to match the whims, fancy & perception of those who think they know where "real mkt rates" should stand

As much as there are many desperate investors out there being somewhat "burned", I don't think there's any far lesser subsale buyers/tenants waiting to jump in immediately on artifically depressed bargains.

2 projects sitting along a same road & sharing the same sea doesn't mean their values are somewhat similar. Distinct winning features should be well-positioned to command a higher premium, while more ordinary units can be creatively customized to further enhance value.

Keep in mind that in terms of "centralness" of location which boasts one of the best traffic dispersal road networks in Pg & closest seafronting proximity, The Spring truly holds its own trademark luster which a lot of aspiring others can only watch & lust in envy.

 
February 10, 2010 at 1:11 AMbuysell

Hey "Yung",

If you can help me pay interest to the bank monthly, I will not do this. You just sit here typing and giving comment, who is the one serving interest to the bank?

If I stay firm, when I need the money, who can give me? When I have no money, which bank can stop charging me interest for a month.

This is a realistic world. I have no choice.

 
February 10, 2010 at 1:19 AMprope

I see a lot of posting here, just wonder how many transaction is being done actually?

What is the reasonable market value for The Spring? Am I putting too high or too low?

 
February 22, 2010 at 7:21 PMZulkifli

To owner.... do you know that the pump for the water feature in front of guard house has been stollen, can you imagine the thing is in front of the guard house.... what are they doing......

i think they will used our sinking fund pay for the new one......

 
February 22, 2010 at 7:29 PMwinson_chc

recently there is a bunch of malay people who always playing WAU bside the spring condo,and last time i have made the complain to the management thaT those ppl will simply climb thru the gate n get the wau if dropped at insdie the condo..today i saw this happened again..i really suspect the safety of this condominium

 
February 24, 2010 at 12:23 AMLoo Soon Huat

When can we setup a committee ?

The "people" don't even have to climb the fence. They can just squeeze thru the fence as the hole between the fences are large enough.

We also need to do something about the hole between fences especially at the "THE SPRING" logo in front.

 
February 24, 2010 at 1:36 AMprope

Why so many bad news about The Spring?

Is it because of people jealous about IJM?
Or IJM did a bad job in this project?

The Spring used to be the hottest condominium in the town before, people queue up midnight just to get this property.

The 1st property in Penang that people would queue and buy.

 
February 26, 2010 at 11:02 AMkww

Regarding the recent fire at the rubbish dump, only days ago. How bad that affect Spring's resident ? No complaints at all ??? rather strange ....... wonder the state Gov (or IJM) going to do anything about it.

 
February 26, 2010 at 11:42 PMST

I went to visit Spring with property agent today with the intention to take a look and consider buying. After the visit, i decided not to. The unit didn't look like 1281 sq ft and it was warm. I think it would still be warm even if i put on air-conditioner.

 
March 5, 2010 at 11:43 AMwinson_chc

@prope (jealous)? u can come n juz buy a condo with ur own money n let see whether u will comeplain or not if u saw this happen n happen again...low class ppl n all those foreigners mat rempit juz climb over the fence or squeeze into the fence hole n get in to get their stuff...do u think it is acceptable?

 
March 5, 2010 at 7:18 PMTim

Agree. I owned and stayed in an apartment in Relau 1997. It was RM110K-140K, a medium cost apartment at that point of time. A lot of owners bought for investment purpose. But, it was in the wrong period of time (Asia financial crisis). Then they rented out to anybody. My unit was surrounded by foriegners. I was so mad. And the Management did not do anything. I sold out 15% below cost 5 years later.

 
March 6, 2010 at 1:12 AMCK

They're skinny enough to squeeze thru the fencing hollow pillars? Thought it was a breeze only for dogs & cats. Wow. Can someone catch this on camera phone & upload on Youtube? Mgmt office needs to view this..

Anyway I took a rough measurement of Bayswater's hollow spaced pillars (near their street-facing logo)..seems like they're not much narrower than Spring's..how come no kiddies wanna squeeze thru theirs ya?

Or they'll rather go lepak at Tesco or Pelita mamak instead?

 
March 11, 2010 at 8:08 AMkiddo

I am frustrated too, seeing the kids trespassing The Spring's compound to collect their kite. Even worse is when they were playing layang2 on the junction leading to our home. What if some of us accidentally run on them with our car? Erm... or should I say what if they are being run over by our car while they were chasing their kite. I even have a kite hanging on my balcony. There is a very wide area near the new built jetty for fishermen. Why don't they just play there? Not to say thay I am selfish, but i do see them hanging their drinks and helmets on The Spring logo. That is quite sad coz I am very proud with that logo. After all, it's the first place I had ever bought and most importantly, I am staying here.

Why Bayswater don't have this issue??? Because of location of course! no low cost apartments there and not enough open space to let the breeze take off their kite.

Any news of action how authorities are going combat the smoke? I heard from my friend in Symphony Park saying he had bad times with the smoke too. Just how long this smoke problem will last?

 
March 11, 2010 at 1:18 PMwinson_chc

@kiddo:agree,almost no low cost apartment overthr but there are a lot around the spring and bside the seaview they made a street which is heaven for those people..i shud not say they are brainless but actually they r,imagine n see playing kite at the cross road and how if we accidentally bang on them?i will try to look how the situation goes and if possible,i will post this thing all to youtube n let the whole world and also the management ppl to have a look...we bought the house,we paid the management fees,and we deserve to have the good security n managment system....

 
March 12, 2010 at 11:43 PMchow

@kiddo: agree with you too... In future I scare our house price wont increase.... haiz.... I am not move in yet estimate will move after 2~3 months... I heard my friend say that a guy from management named Sarif, my friend say this guys quite nice.. try talk to him see got any solution for this..

 
March 13, 2010 at 2:10 AMThe Spring

Hi,
http://thespringijm.blogspot.com/

 
March 14, 2010 at 11:45 AMAnBeau

Hi,
Wana decorate ur wall with PAINT CLOCK?? Feel free to visit
http://picasaweb.google.com/anbeau88
thanks!

 
March 19, 2010 at 4:24 PMCK

Nicholes,

U must be joking on the Type-C prices. Pls get ur figures right.

Confusing statements like this fuels more negative sentiments & discomfort towards speculative property bubble.

 
March 19, 2010 at 6:35 PMWa

Dear CK,

What's wrong with Type C ?. Pls kindly elaborate...

 
March 22, 2010 at 12:35 PMTim

I saw 3 units (1,162 sqft) at RM388K under auction by MNP when I visited PISA this weekend. How is the living environment in the Spring?

 
March 22, 2010 at 12:55 PMMr.Business

The auction is private auction put up by unit owners. Not cheap pun.

 
March 22, 2010 at 6:33 PMTim

You got the point. I have to drop this idea after some considerations.
At 5% return. the rental should be RM388x5%/12 = RM1,620/mth. I think it is not easy to get this rate.
Yet, I need to pay the maint fee.

 
March 22, 2010 at 11:58 PMPlatinum

Very rare, newly completed project oredi put into auction. If this is not so called over-supply, don't know what other term can be used.

This is even before completion of Summer Place, which conservatively at least another 300 so called speculator units available upon completion. Is it a tell tale sign?

Looks like genuine homebuyers may see some light at the end of the tunnel if the situation persist.

 
March 23, 2010 at 12:53 AMMr.Business

Please read the post.

Already tell you that the auction is private auction put up by unit owners....

 
March 23, 2010 at 1:26 AMPenang Info

Mr.Business, seems like you are too worried when someone posting comments that not favour to you.

Cheers!

 
March 23, 2010 at 1:59 AMAnonymous

An auction is an auction, is an auction. I don't want to gloat on anyone's pain but let's not have more victims. We are brothers and sisters.

IJM shame on you. You shd hv yr office on top of the sewage plant and your directors live at the dump site. What brand are we talking about?.

 
March 24, 2010 at 12:03 AMeasy man

Dono lah boss, F type high floor going for 380k (nego) but still no buyers,! who want to buy in auction for 388k? Spring very funnylah .
BUbble burst ??????

 
March 24, 2010 at 12:06 AMPlatinum

I think the game now in propert market is all about endurance. Whether the buyer is financially strong enough and have the more holding power or the buyer have the time at their side to play the endurance game.

 
March 26, 2010 at 11:30 PMTian Fu

see some piling work beside lot 28, anyone know what is that about? another new apartment or condo?

 
March 26, 2010 at 11:38 PMPKC

Maritime Square

 
March 30, 2010 at 9:53 AMLouis

pls let me know if the price can be negotiable. my budget is only RM230K for this unit. pls sell fast as Summer Place will be done very soon. i heard my friend bought spring condo only RM240K...

 
March 31, 2010 at 1:14 PMTang

I strongly agreed with louis ......rent your unit fast or else will definitely face BIG problem when Summer Place is out ..not joke bcoz within tis 2 year many condo will have OC in Penang Island

 
March 31, 2010 at 6:08 PMTim

Are you sure? RM240K is too low to believe.

 
March 31, 2010 at 6:45 PMdvdgrc

how sure are u tat u bought at 240k....can describe?

 
March 31, 2010 at 10:18 PMFerti

Cannot be lar, what I know and heard is they fetched around 270k - 290k so far, that really get transacted.
Dont simply pull down like that lar.

 
March 31, 2010 at 11:50 PMbryan

Hi all,
i just bought last month, smallest unit @ 258k. Real transaction. to proof ,you can check with IJM office.
Originally, i plan for summer place, but since spring given me cheaper price, i took it.

 
April 1, 2010 at 12:19 AMeasy man

ya la, went to property fair , very few people la... alot of propeties for auction. interest also going up . NOW LOCAL BUYERS GOT MORE CHOICE LA after restriction on foreigners.... SUMMER also nearing completion.

 
April 1, 2010 at 12:49 PMbuysell

you can get the spring for 240k at www.tankuku.com

 
April 1, 2010 at 5:06 PMYung

U ppl are darn funny lah..if u can't consider subsales at 270k+ or rental rates >1k, what's the point of even drawing comparison wth Summer Place? Even if Summer comes up soon, what makes u all think u can afford its price tag?

Here are the facts: Ocean View rent going for 800+pm, 1cp, 1 narrow access road so far. Although Spring & OV are within walking distance, just look at the congestion surrounding OV. With Maritime place & mosque coming up, what makes u think ppl won't pay a bit more premium to enjoy more exclusitivity at The Spring? Esp with that new hawker place at Sg Pinang doing so well & within walking distance to Spring..

When it comes to choosing a proper place to stay, the subsale & tenancy mkt will find its own equilibrium. It may take some time & painful lesson, but reality will soon prevail over some baseless transaction claims & convenient numbers game.

 
April 2, 2010 at 12:01 AMCereal Killa

Its amazing how some desperate buyers can go to the extent to try supress the price of Spring by claiming there are subsales done at 240K... This shows that this condo still generates a lot of interest and many are still trying their luck to get it cheap...

 
April 2, 2010 at 9:00 PMNW

Mine is 220 to 250k, looking for a Lower level or Non-seaview is okay

 
April 3, 2010 at 5:17 AMTim

There is a unit 925 sqft at RM265K.
Check it out at www.fullhouse.com.my posted couple of days ago.
Asking for 30% downpayment.

 
April 3, 2010 at 8:23 PMTim

Vincent,

I am neither an owner of Spring nor an agent. I just came across the posting in fullhouse.

BTW, I just saw another unit posted in fullhouse at RM280K (nego). Good luck.

 
April 4, 2010 at 12:22 AMchow

hi bryan,

Bumi lot only RM258k? Last time i went ot ask need RM320k

 
April 5, 2010 at 11:09 AMJoely2k

Yeah Cereal, agree with you, many potential buyers are still waiting everyday, now it seems like its obvious the price is really dropping based on Tim's findings on fullhouse.com.my, so I think now is the battle between "buyers needs/necessity" vs "sellers holding power", see who can fight longer at the end.

 
April 5, 2010 at 5:40 PMkiddo

Trying to install Streamyx Uni Package. The one with 4Mbps. I was told by TM Point staff to register with 2Mbps first. They said maybe TSpring port don't support 4Mbps. Btw, anybody here using the 4Mbps package already? It'll be really sweet if it's possible coz the difference in the charges between 2M and 4M is only RM5. It'll be crazy not to upgrade to 4M :)

 
April 9, 2010 at 10:12 AMP

The Spring for 180k-210k? you can go to www.banbantan.com.my or www.tankuku.com to find.

 
April 9, 2010 at 10:36 AMcalvin

oohhh...no such website..i tried...sure you spelled it correctly? Very interested to see the two websites.

 
April 10, 2010 at 12:54 PMTang

Really...........my uncle just buy 925sf with RM21+ only
Now the market is belong to Wise Buyer who can wait & wait & can press the selling price ....Sorry i am belong to potential buyer group
If u can sell highier , is good new for u ;Buyer can nego and buy lower , is good for them ....No arguement

 
April 12, 2010 at 5:42 PMchow

I also very like the spring design and the environment inside there. Just I not 'happy' with the seller who 'fried' until price so high make me unable to buy it. For me, I think the spring is ideal place to stay.

 
April 12, 2010 at 6:05 PMJoely2k

Btw, what is the original price for all the units? mind shared? for example like the 956sf

 
April 13, 2010 at 11:25 PMKing

I suddenly found this....http://thespringijm.blogspot.com/

 
April 14, 2010 at 10:28 PMeasy man

TQ King,
Very interesting topic there........
Dark secrets?

 
April 15, 2010 at 12:56 AMCereal Killa

whats the matter easy man? still unable to get your spring unit since 2008? try ocean view.. should be within your budget.

 
April 16, 2010 at 1:03 PMeasy man

TQ Cereal,
But I have opted for SUMMER , gonna be ready and will enjoy my stay .... All those agents can keep their SPRING unit for themselves . . .Best wishes to u 2.

 
April 16, 2010 at 1:26 PMPEngineering

Dear Easy Man,

I think Summer also not suitable for you....Maybe can wait for Maritime Sq...

 
April 18, 2010 at 5:04 PMKevin

i pass by the Spring once every few days at night... the car park super empty...

so now everyone treating the Spring as some sort of shares or stocks? keep on passing hand ownership only?

 
April 19, 2010 at 12:04 AMCK

Exactly, Kevin..

How nice would it be to just pay about RM500 extra to get 2 carparks, nice spacious exclusive area between & surrounding the 2 Spring blocks?

Why compare wth OceanView, by paying abt RM800, one gets a measly c/p, then end up double parking outside while getting overnite sound + lighting effects from 24hr shops across the road

Have u been inside Miami Green or Alila condo before? These places will redefine what exclusitivity means. Fortunately, Spring is just along Jelutong waterfront, near to everyone & everywhere. No need to burn so much fuel going Tg Bungah/Ferringhi to enjoy being exclusive.

When those 500+ units of SummerPlace comes up, then a savvy investor or smart homebuyer would be thankful that Spring is nicely perched on a quiet vicinity away, while still remaining in striking distance from future Maritime Sq property appreciation

 
April 21, 2010 at 5:30 PMKing

Hi All resident of The Spring, my bro want to buy a unit there, any pro and cons of The Spring? How is the Environment?

 
April 22, 2010 at 5:01 PMTan

Rm260k nego? i think u sudah shot koh ?
if cannot afford the spring...pls looking for other apartment like ocean view ..example....

 
April 25, 2010 at 11:49 PMchow

Who will go to attend Annual meeting on this Wednesday? What will discuss there?

 
April 27, 2010 at 11:30 AMchow

y all post gone?

 
May 16, 2010 at 11:53 PMchow

Hi All,

I am potential buyer of The Spring, after a few week investigation, I found that the price of unit which facing jetty is slightly higher that unit facing penang bridge, why?? I tot penang bridge should have nicer view right.

Thanks

 
May 17, 2010 at 6:23 AMtan

Facing Penang Birdge = Facing Dumping site (smoke & smell).

Heard that the Dumping site might be relocated...

 
May 17, 2010 at 1:15 PMchow

oh... hopefully it fast fast relocate else it will affect the view and environment of The Spring. I am so like the landscape and layout of The Spring, it have an unique design..

 
May 17, 2010 at 9:13 PMtan

You may explore Summer Place. It is further away from the dumping site. Also, it is equipped with swimming pool.

 
May 18, 2010 at 4:03 PMCereal Killa

there is smoke from time to time but no smell. if got smell, mutiara heights and ocean view would have cursed long time ago. after all, we pass the expressway every now and then, so pls be the judge yourself.

yup, summerplace is another option but much more expensive, hence the swimming pool. Both also leasehold just to note.

 
May 24, 2010 at 2:01 AMdepalace

the stupid IJM developer (architect) are doing the stupid design on the spring.

dun want to point out the other issue but just point out this f*ck*ng air-cond placement. according to management, we have to place the air-cond compressor at the balcony which i feel is the most STUPID design. The reason, while u on the air-cond, u can enjoy your HOT COND at the balcony as the hot air are out from there. So, you have 2 choice, on the air-cond, u can't stand at balcony or off the air-cond, enjoy the fuck*ng dumpsite air there.

for me, i will allocate and move to other suitable location. i m prepare for this war against with them. the unit is my hard earn money, i will do what i like and what is right.

p/s: still a lot of issue haven't point out (as i am not stay there always, but i will find out in a very short time if my time are free)

 
May 25, 2010 at 11:16 AMfisol

The Spring Condominium
Joint Management Committee (JMC)
Facebook group page :

http://www.facebook.com/group.php?gid=195080963416


Residents are welcome to participate

 
June 14, 2010 at 3:28 PMlim

Fxxk u all lah !!..... last time i bought around RM258k + lawer fee + bank interest + etc = around RM280k .... now u all ask below RM280k ....pls go and Fxxk Offf..........:(

 
June 18, 2010 at 12:12 PMCereal Killa

relax lah lim... all those ppl asking below RM270K are just desperate and trying their luck la.

recent transactions averaged RM310K for <1000 sq feet units. Spring occupancy has reached 75% lately and increasing fast. Renovations everywhere.

Just verify with the management office loh..

 
June 18, 2010 at 2:36 PMAnonymous

Investor normally looking for Freehold title, 99 years lease hold will not get 2nd value in near future.
Invest in Lease hold is for self staying, or rent it out for sustaningable "monthly" income. Appreciationg for 2nd value is not there. Because not worth so spend all the transaction fees for properties last for 99 years (max can pass to 2nd generation).
Believe or not, Penang will be the next "Singapore" and the freehold will be very limited in future.

 
June 18, 2010 at 3:04 PMtan

OC had been obtained for ~1 year.

Assuming,

a. Initial Property price is RM230K.
b. RM30K initial own payment at 5% interest = RM1.5K/yr. (EPF & ASN >5% return)
b. Bank loan of RM200K at BLR-2% = 4.05%. Then, the interest paid in 1st year is ~RM8K
c. Maint fee, Indah water, MPPP...etc = RM200/mth or RM2.4K/yr.

With that, the total property cost after 1 year is RM230K + RM1.5K + RM8K + RM2.4K = RM242K.

Selling at <RM270K (return of ~10%) could be too low to most of the investors.

The total property cost after 2 year will be higher RM230K + 2(RM1.5K + RM8K + RM2.4K) = RM254K.

However, there is some some room if the selling price is targeted at RM310K.

 
June 22, 2010 at 3:11 PMJasonwong2010

I remember a few bloggers arrogantly said the Rubbish site will be removed soon.
They claimed they have talked to JXXX Ooi and talking about building a garden in this Rubbish site some time a go, at that time, not even getting OC yet.

I opinioned that a politician is always good to give false hope and promise and i was getting bashed in this forum for many days.
So, what now? The rubbish smell is still there, the bloggers Bamboo, Cillerkille, etc kept undignified quietness. What happens? Care to share? What did you guys with the politician's promise

 
June 23, 2010 at 10:11 PMCereal Killa

Jason,

Lets not confuse arrogrance with efforts to push for change. Yes, its true that we initiated a meeting with our Jelutong MP who gave us plans on the dumpsite. However, he has cited that there MAY be hindrances like lack of land for alternate landfill, costs involved, etc. Whatever progress after that is up to the State Govt.

So pls get yur mindset right that we are not trying to promise a change. Unlike most bloggers back then who just sit and condemn all day, we are just a group of concerned residents who are taking the initiative to bring change to the Jelutong Expressway.

Yes we agree that its dissapointing that nothing materialised after that. At least we have tried..I have shared this with the fellow Spring residents via the resident blog long time ago and we have moved on.

I can see that you are still emotionally and mentally affected by the fact that the landfill is still there and still claiming there is "rubbish smell".If you are a resident, then work closely with the JMC to figure out ways to further deal with this issue.

It has been 8 months since we have moved in and life here is pretty nice, albeit a few teething issues here and there. We have adapted and moved on. So should you.

 
June 30, 2010 at 5:54 PMTan

wat Lan eh....so many agents goreng .....then now wan to tolak /sell ? haiz.... see the property market ... because hav those kind of agents agents...goreng until....those ppl really need to buy for family stay one.. become cannot afford ....... fuck the world ...haiz..

 
June 30, 2010 at 6:48 PMameer

Dear Tan,

I dont think it is wrong for property agents to market those units,it is a legal business.That what property agents do,market properties.

 
June 30, 2010 at 9:03 PMCereal Killa

Tan,

Its normal for property to appreciate. What the agents quote now are reasonable reflections of the current market rate. The speculative period is over for the Spring.

Its good that you think the Spring is still a good place to build a family home. Just try nego with some agents and I am sure u will get a good deal.

Cheers!

 
July 1, 2010 at 5:46 PMTim

The burning odor is real bad (especially when the wind blows toward you). Can smell it from the swimming pool of the Serina Bay (further away from the dump site).

 
July 17, 2010 at 4:18 PMCL

market bubble lio... pls check out D'pizza also. Sub-sale price quoted keeps dropping! When Summer Place handover, another huge supply poured into the market....good luck investors and genuine owner buying to stay - get ready to pick and choose..

 
July 18, 2010 at 7:27 AMtan

Comparing the situation in 2008 vs 2010,

New launch supply : 2008 = High; 2010 = High
Subsale supply : 2008 = Low; 2010 = High
BLR = 2008 : Medium; 2010 = Medium (BLR is about back to the rate before 2008)
Interest paid by investors : 2008 = Negligible; 2010 : High (Started paying interest because they are no longer protected under 10/90 or 5/95 plan)

Are the conditions ripe for a crash? Nobody knows...

 
July 21, 2010 at 5:51 AMMr.Business

日落洞两组屋公寓居民叫苦 排污槽堵塞污水四溢
二零一零年七月二十一日 凌晨十二时二十二分

(槟城20日讯)污水无法排出,日落洞槟榔阁(Pinang Court)组屋及The Spring公寓居民饱受“夜来香”折磨数月!

对此,黄泉安指责槟州英达丽水公司一名华裔高层人员“白拿薪水”,睁眼开空头支票,要求能源、绿化工艺及水务部长拿督陈华贵撤换该名官员。

他说,该名官员早前承诺解决日落洞英达丽水公司污水处理厂内排污槽堵塞,以及上述住宅排污槽堵塞倒流的问题,但至今毫无下文,让该区居民饱受异味折磨。

“去年开斋节前夕,日落洞甘榜丁雅发生污水溢出问题,今年3月双溪槟榔及哈芝哈欣依曼路一带又发生排污管爆裂的问题,影响槟榔阁及The Spring公寓居民。”

他表示,今年5月已联络相关发展商与英达丽水公司一名华裔高层人员一同前往视察,而英达丽水的高层人员也答应会在 1星期内解决当地排污系统。

“当时,我们发现其中一个污水槽堵塞,而该官员也承认这是造成上述住宅区污水无法顺利排出的原因,他在答应我时眼神非常坚定,但没想到至今毫无下文。”

他提及,本身也要求这名高层人员提呈一份有关解决方案的报告予陈华贵,但这名高层并没在所承诺的日期内交上报告。黄泉安说,污水问题已影响当地居民生活,而这名高层更是另一种“白拿薪水”的公务员,希望陈华贵另派人选担任该高层的职位。

另,针对黄泉安的控诉,记者当场电联上述英达丽水高层时,对方表示本身必须遵守公务员守则,不愿置评。

 
July 27, 2010 at 12:04 PMTan

wah.....seem now aday banyak agent agent ....wanna SELL SELL SELL ....... untung banyak koh ? :0

 
July 28, 2010 at 10:32 AMyh

u wil find summer place gonna hav the same situation also... agents r having too many units dy...after 3 years dy the occupancy rate is about 50% only....now every where also can c spring selling units....lets c summer place destiny....zzz

 
July 28, 2010 at 6:21 PMCereal Killa

yh,

spring got oc in june 2009. if u actually learn how to count, its only 13 months and not 3 years.
also, occupancy has reached 80% as per latest IJM records.

 
August 1, 2010 at 9:55 AMtan

80% occupancy rate?

 
August 2, 2010 at 9:19 PMChuah

The price at The Spring so expensive, really ridiculous....is it worth the value?

 
August 20, 2010 at 1:47 PMgeegle

I guess the problem with Spring now is that most of the buyers are "investors". Now they have problem to sell their unit out.
I'm very doubt is the occupancy rate is 80%.

According to some brokers saying that the Penang property is extremely overpriced and most likely there will a burst very soon.

It will hit severely on condo/apart sector.

 
August 21, 2010 at 11:35 AMTim

Hang in tough...

 
September 3, 2010 at 3:31 PMCheok

The Spring white wall so fast slowly become yellow???

 
September 3, 2010 at 4:35 PMCereal Killa

which part became yellow?

 
September 9, 2010 at 1:48 PMGreen Tech Inspirer

Guys,
Is it possible if we all owners collect money and built swimming pool ? If each owner pays RM1k, we will have RM330k.I'm guessing, it should be enough. And since the visitor parking is not making sense for us as owners, we can use that place. Its big enough.

Experts, please comment.

 
September 9, 2010 at 2:02 PMTim

Having a swimming pool will definitely improve The Spring competitiveness (especially when the Summer Place gets into the current market). But, most likely, those investors are stuck with their units may not agree to this idea. They may not want to incur additional cost (currently, they are paying for interest, bank instalment and maint fee) while they do not see any light at the end of the tunnel.

 
September 9, 2010 at 11:01 PMGreen Tech Inspirer

Tim, Thanks for the comments. Well, lets get more updates as im guessing less owners are looking into this forum now. While i'm impressed with Summer Place swimming pool, i definitely hope all owner would gives a thumb up for betterment of The Spring.

 
September 9, 2010 at 11:15 PMThe Spring

The Spring owners and residents are welcome to participate in the joint management body at :

http://www.facebook.com/group.php?gid=195080963416

The Spring JMC

 
September 10, 2010 at 12:37 AMCereal Killa

dear green tech inspirer,

getting the collective agreement from all the owners for the pool is wishful thinking. building of the pool would cause the maintainence fee to rise as well. however if you could really get everyone to agree, ask them if they want to collectively turn the spring to freehold or not... :)

 
September 19, 2010 at 1:18 PMalan

Kong,

Assuming the invesors bought at RM250K and RM10K/yr for interest/maint fee/etc, by now, the cost is 250K + 15K = 265K (and the cost is catching up every year)

While the current asking price has been settled down at RM300K-RM330K.

The investors still hope to sell at current asking price.

It may be possible that you can get one as per your budget because it is no fun to pay RM10K every year.

 
September 20, 2010 at 7:22 PMtan

If the current situation continues for another 1-2 year, the cost will go up to RM270K-290K (no much margin left). I guess the investors will start selling at lower price.

 
September 23, 2010 at 11:34 PMGogo

funny, why you people go and buy this condominium at the first place and now only blame this and blame that, meeting this and meeting that, fight this and fight that...etc... The rubbish dump site is already there at the first place! So, when you buy the condo, you have to live with the problem.

I went to the water front 1-2 months ago. It's quite dirty and smelly. Occupancy rate seems quite low. I woudn't spend RM300K to buy this lease hold condo, with so many problems.

 
September 24, 2010 at 6:37 AMTim

You have missed a good buy. I saw a unit 1,200sft (I guess it should be 1,162sft) posted in Penang Property at asking price RM360K about 2 weeks ago. But, it was sold out.

 
September 24, 2010 at 10:02 AMCereal Killa

Hi Gogo,

Who is fighting and who is blaming? 80% occupancy rate till today. (Again for those who dont know how to count can always refer to the management office)

Life here has been good for the past year. I jog everyday by the waterfront. Smelly and dirty? Maybe you are referring to your body odour :)

Nobody is forcing you to buy. Its good that we dont have ppl like you living within our community. I am sure u can find "better" new condos with 300K in PG nowadays. Good luck

 
September 24, 2010 at 11:24 AMthink

In fact, it's true, there is a kind of smell at the waterfront.

 
October 15, 2010 at 4:32 PMAnonymous

Hi
may i know full furnish for rent will be how much and is it avail?

 
October 23, 2010 at 12:59 AMProperty Boom

更新: October 22, 2010 21:54

警破高級公寓煉毒場
捕2嫌犯起海洛英冰毒
(檳城22日訊)環境清幽的高級公寓單位變成煉毒場,武吉阿曼警方北上突襲,當場逮捕兩名印裔嫌犯,並起獲大量海洛英、冰毒及一支槍械。

武吉阿曼警察總部肅毒組警員今午2時許,拉隊到檳島雙溪檳榔區某高級公寓2樓某單位展開突擊行動。

據悉,警方接獲可靠情報后,暗中觀察多時,待今日時機成熟即上門取締,結果在有關單位內發現大量毒品,種類包括海洛英和冰毒。

搜獲手槍

消息指出,警方初步調查后,發現屋內的毒品多是正在提煉中,也搜獲一支裝有子彈的巴雷塔手槍。

檳州總警長拿督阿育耶谷副總監接受記者電訪時,證實上述案件,但沒透露詳情。

據知,上述高級公寓約一年前才取得住用准證,平均每個單位價值約30萬令吉。該區環境清幽,保安森嚴,相信毒販看中這一點,租用該單位后深居簡出,以為躲在屋內煉毒就能瞞天過海,豈料仍逃不過警方法眼。

事發后,大批媒體聞訊趕到,但不獲進入公寓範圍內,記者只好在外苦守,有者更爬上公寓圍欄上拍照。

約下午4時45分,相信警方完成調查工作后,才將兩名印裔嫌犯扣押下樓,準備帶返警局。嫌犯年齡分別是30余歲和40余歲。

警員也陸續搬出數個塑膠大箱子和行李箱,相信皆裝滿所起獲的海洛英和冰毒。

至截稿為止,警方仍未針對上述毒品案發表詳情。

http://www.chinapress.com.my/content_new.asp?dt=2010-10-23&sec=malaysia&art=1023mb58.txt

 
October 23, 2010 at 1:15 AMProperty Boom

公寓炼毒厂瓦解 2印度籍炼毒师傅被捕
二零一零年十月二十三日 凌晨一时七分

(槟城22日讯)武吉阿曼与槟州警方肃毒组伪装公寓访客,联手瓦解豪华公寓海洛因炼毒厂,扣捕两名受炼毒集团聘请的印度籍“炼毒师傅”,并起获市值百万令吉的海洛因与一把短枪。

警方于周五上午11时许,在日落洞一栋豪华公寓二楼一单位展开这项行动。来自武吉阿曼肃毒组与槟州肃毒组警员,早在公寓外监视这间炼毒中心至少一周,并确定出入嫌犯人数,同时追查嫌犯是否持有枪械;此外,警方也观察及收集单位内部设计与居住环境,拟定行动计划,以务求人赃并获。

警方在屋内制伏两名青年印裔嫌犯,两人都是印度国籍,因此警方不排除该炼毒集团,从外国输入“炼毒师傅”协助,以提炼高素质的海洛因。据知,执行任务的警员,为避免引起毒贩怀疑,以外来访客进入公寓,分成数组人马低调抵达该单位大门。

警方为防止毒贩开枪反击,警员都预先穿上防弹衣持枪戒备,再破门而入。据知,警方在主人房内搜出一批以公斤计算海洛因,并在现场隐秘处搜出一把自动短枪。落网嫌犯惊见警方入屋,未及反抗已被警员制服,并马上带会警局盘问。

至下午2时许,警方再度扣押他们返回现场助查。警方进行调查工作时,引起居民好奇围观,一度误传公寓发生驳火。

近期租下单位

毒贩近期以至少2500令吉至3000令吉租下一个单位,把主人房设置成小型毒品提炼厂,长时间紧关房门提炼毒品,以供应北马毒品市场。

警方连续7日7夜轮班监视公寓毒贩,以确定毒品流向与黑市接手人。该批毒贩行事隐秘,相信没打算长期在该公寓单位炼毒,并以游击方式,在槟岛各公寓单位进行炼毒工作,因此屋内的家具都一切从简购买,连客厅露台也只用两条薄布红被单悬挂。

起获枪械及大量毒品

槟州总警长拿督威拉阿育耶谷副总监证实肃毒行动起获一把枪械及大量毒品,不过由于调查工作仍在进行中,所以警方会在适当时候,召开记者招待会宣布案情。他指出,遭逮捕的2名印裔男子初步证实是炼毒中心的负责人,至于主脑人物有待调查。警方将于周六把他们押往槟城推事庭申请延长扣留,同时援引1952年危险毒品法令第39(b)条文调查。

豪华公寓一名保安人员指出,警方是于上午11时向保安亭表明展开取缔行动后,即进入公寓搜查。

据悉,警方全副武装进入公寓,在不费枪弹下成功把嫌犯制伏后,即先进行搜查工作;较后警方于下午3时20分传召鉴证组前来进性搜证工作。据了解,贩毒集团在该豪华公寓炼毒已有两个多月,而单位是屋主自己出租,所以保安亭没有租户的资料。

此外,当地一些居民也表示,遭警方取缔的单位鲜少开门,单位晚上都没亮灯,所以一般相信炼毒工作是在居民出外工作时,才进行炼毒。

警暗中调查已半年

消息指出,遭警方破获的炼毒中心,与日前关税局突击直落巴巷沿海公路果园炼毒厂或有关。

据悉,除了警方至今未能证实这间炼毒中心的幕后首脑。据了解,武吉阿曼警方在槟城暗中调查已有半年,主要是监督槟州内高级公寓的炼毒厂线索;警方也发现,贩毒集团所提炼的毒品,都通过马来西亚的航空设备运毒。

被捕男子受聘炼毒

据知,被逮捕的印裔男子来自印度国家,他们是受贩毒集团高薪聘请到我国炼毒。两名炼毒师傅被捕时,身穿背心及短裤,在两个月前才被安排到高级公寓。警方将通过移民厅调查他们入境记录及背景。

http://www.kwongwah.com.my/news/2010/10/23/28.html

 
October 23, 2010 at 3:26 PMDanny

which unit

 
November 2, 2010 at 1:44 PMProperty Boom

A new garbage transfer station will be built at Jelutong landfill, replacing Batu Maung garbage transfer station.

......Apart from Pulau Burung, there was an older landfill in Jelutong and a transfer station in Batu Maung – both on the island. The initial plan was to rehabilitate the Jelutong landfill into a park but that was proving too costly.

The Jelutong landfill now serves as a dumping ground for construction materials.

Chow said a garbage transfer station would be built there soon to replace the one in Batu Maung.

“The Penang Development Corporation will take back the Batu Maung garbage transfer station for development next year,” he added.

http://thestar.com.my/news/story.asp?file=/2010/11/2/nation/7282105&sec=nation

 
November 7, 2010 at 3:29 PMsan

The subsale asking price remains unchanged since OC about 1.5 year ago (mid of 2009).

The buyer already saved 1.5 yrs x RM 300K (selling price) x 5% (interest) = RM22.5K if you buy now.

 
November 10, 2010 at 5:08 AMpropertyfather

penang condo/apartment is gonna be excess supply soon, this will be a deadly thing happen to the buyer especially for condo with 500 units, the situation will proly happen in this 3-5 years, good luck

 
November 11, 2010 at 8:53 PMCereal Killa

hi propertyfather,

i bet u said the same to bayswater condo 4 years ago..

good luck to you and yur foresight too...

 
November 12, 2010 at 6:20 AMmax

The current economic volatility is unprecedented. The past data in 2006 is not applicable in 2010. There have been a lot of changes since then, ie. BLR, Demand-Supply situation, Inflation, Household Debt up to 77% of GDP, higher property entry price...etc.

The Sprng asking price has already settled down since >1 year ago. The asking rental (posted in this blog) is also in the range of RM1,000-RM1,200 (unfurinished).

It is only good for own stay, not for investment. To add on, Summer Place is more attractive even the price is higher.

 
November 13, 2010 at 12:39 AMCereal Killa

Its interesting to note that by plagiarising some economic data, everybody now is an economic expert. It is true that past data do not hold true presently. So what makes one deduce the future base on present data? I am just saying if everyone's that smart, wouldn't they have anticipated the recent property price hike donkey years ago?

Agree on the tapering off on the Spring's price, but only for the larger units. Just call up any property agent now and tell them u want to sell an A-Type.. u will know what i mean.

Dunno abt investment at this juncture, but own stay is fine thus far :)

 
November 13, 2010 at 11:13 PMCereal Killa

wow.. rental of RM1000 for empty unit = foreign worker's haunt...
best logic i have heard all week.

 
November 14, 2010 at 8:58 AMtan

Foreinger (Indian) operated drug factory in The Spring.

 
November 14, 2010 at 9:03 AMtan

Whatever commented by max, you also heard from those old uncle and old autie from the wet market and read from the newspaper. No need to be an economic expert to understand the comments.

 
November 14, 2010 at 1:16 PMCereal Killa

Tan,

Your ignorance of the actual facts is amusing. The Spring unit was rented out to a local who had two Indonesians processing drugs there.The guns bust in Nautilus Bay was by a local tenant too. And the money laundering case in Silverton condo several years back involves a foreigner too. Moral of the story, it doesn't matter what type of dwelling you are. If ppl want to commit crime, RM1.5mil condos are not spared either.

As for economic knowledge, I cant blame if you and max have the same level as the uncle or auntie in the market. These days ppl just take figures and give out smart-ass comments. Make them look wise like Bank Negara spokesman.

Just be humble and move on lah.

 
November 17, 2010 at 10:40 PMtan

Heroin worth RM1m seized from condo

New Straits Times, Oct 24, 2010

GEORGE TOWN: Penang police uncovered another drug processing laboratory on Friday morning.
In their latest bust, they seized RM1 million worth of heroin from an upscale condominium off Jelutong Expressway in Sungai Pinang here.

Two local men, aged 40 and 41, who were believed to be in the midst of processing the heroin, were detained in the 11.45am raid.

He said the raiding party also seized a Beretta pistol loaded with a magazine filled with 13 9mm bullets.

"Altogether, we estimate the seizure to amount to RM168,800, excluding the RM1 million heroin," Tun Hisan said at the state police contingent headquarters here yesterday.

 
November 18, 2010 at 12:42 AMCereal Killa

tan,

Tell us something new pls. Just because u just read the news doesn't mean everyone hasn't.

 
November 26, 2010 at 11:42 PMKevin

tan,
dunno what's the purpose for you to post that news...it could have happened anywhere else...and it did happen anywhere else before... so? ???

 
December 8, 2010 at 9:38 AMteoh

There is going to be aproperty slump for property above RM200 k. So be careful as UK and US slump might spill over to asean countries due to unforeseen reasons on governmental policies.

 
January 11, 2011 at 2:52 PMTan

y there are so many unit unit 4 sale & rent..
izit samethg wrong??

 
February 13, 2011 at 10:08 PMtan

峇都茅转运站关闭加剧处理量 日落洞垃圾场压力大
二零一一年二月十三日 晚上六时五十七分

(槟城13日讯)峇都茅垃圾转运站将在今年关闭,槟岛市政局将租借日落洞垃圾场作为临时转运站,为期6年。

为了让路槟第二大桥建筑工程,峇都茅垃圾转运站最迟在今年就必须关闭。由于槟岛土地有限,找不到其他地方作为垃圾转运站,因此州政府原则上同意借用日落洞垃圾场6年,作为替代转运站的地点。届时槟岛所有固体废料都会运来日落洞垃圾场,以让驳船把垃圾拖到威南布隆岛。

黄泉安:日理逾2千吨

日落洞区国会议员黄泉安接受《光华日报》访问时,这么表示。他说,槟岛每天都会制造600-800吨固体废料,而目前日落洞垃圾场每天需要处理1500吨的建筑废料,如果固体废料迁移至日落洞垃圾场,每天就必须超过2000吨的垃圾。

他指出,处理如此庞大垃圾量并不容易,需要根据国际标准,因此州政府需要以一份完整的计划书。不过,他说,负责峇都茅垃圾转运站处理工作的EURASIA EXPRESS公司,目前还未向州政府提交计划书。

他透露,该公司的服务记录不佳,曾发生托运垃圾时驳船翻覆,导致海域被污染。因此,他说州政府希望在最短的时间内收到计划书,然后召集垃圾场附近一带的居民进行汇报,要求居民进行监督工作,确保承包公司根据程序处理废料。

 
March 27, 2011 at 1:39 PMtan

The rental return of 1.2K/mth at the cost of ~350K. It is surprisingly low.

In KL, you can get 5% rental return anywhere.

 
May 27, 2011 at 11:35 AMThe Spring

On behalf of The Spring Condominium Joint Management Committee (The Spring JMC) we would like to express our gratitude and many thanks to IJM/JDSB for taking action ownership and full responsibilities on common area defects under defect liability period(DLP). Today, The Spring Condominium residents are seeing many good things happening around us over the past one year since The Spring JMC was established.

Thank you.

On behalf of
The Spring Condominium
Joint Management Committee (JMC)

 
July 17, 2011 at 11:43 AMTF

My friend ask me why I like my The Spring home.

free sun rise view
free sea view
free fire works view (From Esplane, New Gurney and Prai)
free city and jetty view
free view of 接九王爷 ceremony at seaside
No rats from rocks at seaside (rat got disease)
good management (responsible, response to resident feedback, bring alots of goodness)

 
October 24, 2011 at 9:06 AMElson

i dont think still got price around RM300k for the spring... btw, good luck....

 
April 4, 2012 at 4:10 PMrobby

Robin S
The Management Committee is doing a good job but it has increased the management fees and their lawyer has issued hundreds of demand letters like a gangster contractor.
Whilst we have to pay what can we do. From the way it is acting like tough landlords we must keep the committee in check by voting for a change of the management masterminds every two years afterall the government holds elections. They seem to be gangster connected demanding money like ah longs. And putting their lawyers on to you if you fail to answer their questions. I would like to interview their chairman.and ask him to train his manager the aloff Mr Teh to be more polite to residents.

 
August 8, 2012 at 1:46 PMjack1981

Robby,
It is a mutual understanding and yet the most important that every unit owner should pay their maintenance fee on time in order to upkeep the spring. The committee members are doing what they should do. Know your rights, convince the other residents to back you up. You have the right to vote them out in AGM but in the meantime, everyone should pay his own share.

 
August 8, 2012 at 2:21 PMPhoon See Wai

no pay maintenance fee cant even go vote

 
September 28, 2012 at 7:36 PMHL

the spring is leasehold or freehold?

 
September 29, 2012 at 9:01 AMalan

Leasehold

 
November 22, 2013 at 12:14 AMbruce kok

view is fantastic. one of the best in penang. location is convenient.

 
August 2, 2015 at 5:31 PMShivaganga Infra

Shivaganga Infra is the name of luxury and happiness.The name for commitment to customer satisfaction was established in the year 2006 at Bangalore. It is consistently been making a name in the field of construction. The company is let by a team of experience and visionary professionals with sound knowledge of construction, Team SHIVAGANGA INFRA is professionally managed with high experienced of proven capabilities.Behind some of the most prestigious ventures of Bangalore stands one trusted name-SHIVAGANGA INFRA.

Locations : kanakapura Road, JP Nagar7th Phase, Bannerghatta Road, R R Nagar, Banashankari2nd stage.

For More Info : http://shivagangainfra.in/

 
August 4, 2015 at 12:53 PMMarcus Keoh

1200sf , seaview unit. to let 1800pm

call 016-459 6777

 
January 23, 2016 at 11:10 PMpatrick

hi there i got few unit for sale
Property Details: the spring
- leasehold
- fully furnish & fully renovation
- 1238 sq.ft.
- high floor
- seaview ,
- value buy
price : 698k nego

contact 016 441 6113 agent patrick lim

For more information,kindly to call / Whatsapp/ wechat/ Email for more details
or arrange an appointment for view
I will be happy to serve you.
We are very welcome call / SMS / email / whatsapp me for SALE or RENTING out your unit,we have ready BUYER and TENANT. Hope that we can help you
View to believe

For more inquiry or arrange for viewing , buy , rent , sell
Welcome other agent to co-broke too
Please Contact
016 441 6113 agent patrick lim

 
March 5, 2016 at 4:04 PMA Wonderful Life

Seriously looking for the spring condo for rent,anyone have,kindly email awktsp@gmail.com,many thanks!

 
March 15, 2016 at 10:16 PMAhWei~

👉 The Spring 👈 For Rent 👉 RM1600 👈
🔥 Hot unit 🔥
🈯 Locations : ⚠ Georgetown , Sungai pinang ⚠
🌴1150 Sqft 👍
🌴Fully Furnished and Renovated 👍
🌴3 Bedroom 💤
🌴2 Bathroom 🛀
🌴2 Covered Carpark 🚗
🌴Very nice and clean unit 👍
For more inquiry or arrange for viewing , buy , rent , sell
Welcome other agent to co-broke too
☎Please Contact☎
👉Sze Wei 👈
📱0164983158📞📞📞

 
May 20, 2016 at 3:34 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

 
May 20, 2016 at 3:58 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

 
July 11, 2016 at 12:47 PMah pang

- 925sqf
- High Floor
- Fully Renovated
- Fully Furnished
- 2 cars park
- Price nego
Hi, Call or Whatsapp me, if interested...Phang 0164704702 From Real Estate agent, Thanks

 
August 2, 2016 at 12:51 PMsummer lee

Any owner wish to rent their unit at The Spring? Email or wechat 012-5425 819 / summercfl84@hotmail.com (Property agent)

 
August 12, 2016 at 12:37 PMJames Quah

Dear Owner
shall you have unit for sale/ rent, kindly contact me...
What's App is available
email : pgproperty79@hotmail.com

James Quah
019-5089996

 
September 6, 2016 at 1:59 PMDanick Teoh

We are property negotiator in Penang Island,
If You intend to BUY / SELL / RENT your properties.

Kindly contact me or email @

Danick 014- 388 3815

penangcozy@gmail.com

to arrange viewing. Thank You

 
September 11, 2016 at 5:58 PMDarren

* sea view
* 2 car park
* selling rm550,000

Darren 0124771515

 
October 7, 2016 at 1:25 PMah pang

one unit for rent
- 936sqf
- Fully Renovated
- Fully Furnished
- 2 cars park lot
- Rent 1.7k

Hi, Call or Whatsapp me, 0164704702, if interested , thx. Phang From Real estate

 
October 10, 2016 at 12:11 PMRobert Low

THE SPRING - RM 1,600 Per Month
Fully furnished and renovated
Facing Jetty
2 fix covered carpark side by side

Robert 0125524555

 
October 20, 2016 at 3:06 PMah pang

one unit for sale RM500K
- Lower floor
- 1 car park lot
- Original
- 936sqf
- Price nett


Hi, If interested , please contact or whatsapp 0164704702 me, Daniel From Real Estate Agent ......

 
December 7, 2016 at 2:45 PMAnthony

Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.

Owners who are willing to let go or rent can contact me too. TQ

 
February 10, 2017 at 5:46 PMah pang

The Spring
- FFR
- Asking Price RM1650 For Rent
- Asking Price RM600k For Sale
- 2 Car Parks
[下午4:54, 2017年2月10日] +60 17-745 6412: 925sq.ft
3room 2bath
- 2 car park

Hi, Call or Whatsapp me, if interested...Phang 0164704702 From Real Estate agent, Thanks..........

 
March 22, 2017 at 1:54 PMJoanna Tan
This comment has been removed by the author. 
March 27, 2017 at 12:26 PMJoanna Tan
This comment has been removed by the author. 
March 28, 2017 at 10:47 AMKevin Lim

The Spring condo near summer place condo For sale:

- High floor
- 2 car park
- Fully reno and partially funi
- Biggest unit (1238sf)
- One of the cheapest unit

Only asking : RM 695k

For more information or To view the unit, kindly call Kevin 017 4987068

 
April 3, 2017 at 1:04 PMSimon Saw +60176052807

THE SPRING CONDO (FOR SALE)

- 925 sq.ft: Mid floor, basic renovation, sea view, RM580k nego.
- 925 sq.ft: Mid floor, basic renovation, sea view, RM590k nego.
- 925 sq.ft: Mid floor, ID renovation, sea view, RM630k nego.
- 947 sq.ft: Mid floor, original condition, sea view, RM620k nego.
- 947 sq.ft: Mid floor, ID renovation, sea view, RM738k nego.
- 1162 sq.ft: Mid floor, basic renovation, sea view, RM685k nego.
- 1162 sq.ft: High floor, basic renovation, sea view, RM690k nego.
- 1281 sq.ft: Mid floor, fully renovated, sea view, RM800k.

For more info & viewing arrangement, kindly contact Simon at 017-6052807 or email: bksaw.pgprop@gmail.com. Thank you.

 
April 6, 2017 at 1:36 PMJoanna Tan

The Spring

- RM 580K
- Leasehold (租赁地契)
- Middle floor (中楼)
- 936 sq ft (936 方尺)
- 3 bedrooms (3间睡房)
- 2 bathrooms (2间浴室)
- Original unit (原装单位)
- 2 car parks (2个停车位)


WELCOME LISTING
BUY...SELL ... RENT ...
WELCOME BUYER , OWNER & TENANT
PLEASE CONTACT: ALEX CHEAH 011-16551368

房地产业 (购买..出售..出租)
欢迎屋主..买家..卖家及租户
寄售您房地产业及询问您房地产的市价
请联系: 谢民珲 011-16551368

 
February 8, 2018 at 6:53 PMLow

Hello (By Low 012-4122855),


I have nice units for rental and for sale at The Spring. Do let me know if you are interested and I shall send some information and photos.

Thanks!

Low (012-4122855)

 
May 3, 2019 at 5:27 PMCindy Teh

The Spring for Sale

RM600k only!

925 sq ft

3R2B1CP

Mid floor seaview

Whatsapp Cindy 0124388943
Email cindyteh8@gmail.com
www.cindytehproperty.com
www.facebook.com/cindy0124388943

 
May 7, 2019 at 10:41 AMCindy Teh

The Spring for sale

RM600k only!

925 sq ft

3 rooms 2 bathrooms

Fully furnish

Middle floor

Full seaview

Whatsapp Cindy 0124388943

Email cindyteh8@gmail.com

www.cindytehproperty.com

www.facebook.com/cindy0124388943

Please click "LIKE" and share Cindy Property @facebook



 
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