1-World 2 (1-Sky)


1-World 2 (1-Sky) is situated at Bayan Lepas, Penang, comprising two 26-storey blocks with a total 250 apartment suites. The suites come with a wide choice of layout ranging from 1,380 to 1,650 sq.ft.

At 1-World 2, all suites are oriented in the North South direction and is designed to create a sense of lightness and space. Each apartment suites features a spacious balcony designed enhanced by the sweeping views of the sea and mountains or a breathtaking skyline.

Property Project : 1-World 2
Location : Bayan Lepas, Penang (Property for sale & rent in Bayan Lepas)
Property Type : Apartment (Apartment for sale & rent)
Tenure : Leasehold
Built-up Area : 1,380 - 1,650 sq.ft.
Total Units : 250
Developer : Ideal Capital Intelligence Sdn Bhd

Facilities
Layout
Block A - Type A Floor Plan (1,600 sq.ft.)
Block A - Type B Floor Plan (1,450 sq.ft.)
Block A - Type C Floor Plan (1,650 sq.ft.)
Location Map

176 comments

August 10, 2009 at 9:22 PMSpooi

When it is luched and what the raneg of the price? Any show room available now?

 
August 10, 2009 at 10:27 PMspaceship99

any1 know the price?

 
August 11, 2009 at 11:13 AMSmile

2 types show unit is available now which is 1425 sqft & 1380 sqft. 5 units per floor. There has another block just beside it which not yet start selling. 1425 sqft ~RM400k onwards, 1380 sqft ~RM380k onwards. Both also come with furnish & air-cond. 2 corner units which facing west will come with 4 air cond+kitchen cabinet, the other 3 are only come with 2 air cond+kitchen cabinet. RM40k will be deducted if you don't want furnish. Layout is very nice...spacious. The package almost same like 1-World.

 
August 11, 2009 at 11:25 AMSmile

Ya... 14th floor and 24th floor which they will label as 13A & 23A will deduct ~RM22k. Units is facing either EQ Hotel or Suntech/1-World. Pls bare in mind that this is lease hold & commercial land. Shop lots at ground floor and total 5 or 6 levels of car park. only RM3k for booking. 2nd car park at RM18k. 10% for down payment where you can only pay 5% for them and another 5% can be paid by 18 equal monthly installment.

 
August 11, 2009 at 11:54 AMDavid

i went pre-launch last saturday, exclusive preview by invitation. RM379k included semi-funished package worth RM40k. price is attractive, 5 unit perfloor and location strategy. yes show room available now, if u want to view it call their sale executive AW 0194723158

 
August 11, 2009 at 4:30 PMCL

The layout is nice with Alfresco dining concept. The balcony is spacious and able to accommodate at least 3 tables. Imagine, how useful is this during CNY and house party. The unit layout and orientation offers good privacy. Price is from RM339,000 for non furnished package but come with FREE 2 units 1.5hp air-con and built in kitchen cabinet.

 
August 11, 2009 at 9:21 PMhtfoong

looks like a 'fanstatic' property again? Just to help here...Please refer to the I-Regency and CEO. Look at its result. I-Regency has been delayed for so long, and just completed this year.. Even today, CEO (beside Vistana Hotel), has been delayed and still under construction since 2006. If CEO could not be completed for so many years, do you think this 1-World can be completed on time? think twice..

--A very sad buyer of CEO.

 
August 11, 2009 at 9:41 PMKK

balcony can accomodate at least 3 tables? for during CNY & house party? 40k reno? 2 free air-cond?

CL, are you trying to distract the attention of others that this is a COMMERCIAL TITLE property AND the "FANTASTIC" TRACK RECORD of idealhomes?

dear all, think twice.

 
August 11, 2009 at 10:00 PMBG

Well, I-Regency and CEO are some bad experiences. Not sure about CEO, but I-Regency S&P also delay. For 1-world, S&P have been signed, right? So no issue. If developer delay, they need to the interest subsidy until VP. If they delay more than 3 years from S&P date, then developer need to pay compensation. So, the most important thing is to ensure the S&P signed asap. From 1-World example, should be no issue for 1-World 2.

Commercial and leasehold title are concern more to me. One must accept this conditions before purchase.

For me, I like the layout and design. Prefer the 2nd block which to be sold by developer directly, instead of the 1 sell through HB.

 
August 11, 2009 at 11:00 PMHpbeh

Haha! BG u r wise people. U study company past record with real story and not just heard from somebody talk nonsense.

When we buy Unit trust we will see this sentense "Past Performances of the Funds are no indication of their future performances"

For interested Buyer, Study yourself...

 
August 12, 2009 at 12:08 AMTT

Dear all buyers,

Thera are hundreds of abandoned project in Malaysia. Please do not have a mindset that if the developer delayed the project you get compensated.

The developer are smart. When they start a new project they use a subsidiary company, if the project failed they can just close shop without any compensation for buyers. That y many buyers get stuck in abandoned project.

If not mistaken, buyers are not protected on commercial land properties. The developer can delayed as long as they want. Can anyone confirm on this?

Below are a lists of abandoned project history in Penang.

1. Asia Heights, Bandar Baru Air Itam, Penang
2. Bayan Bay, Penang
3. Desa Aman, Penang
4. Eternal Heights, Bandar Baru Air Itam
5. Fettes Villa, Mount Erskine, Penang
6. Green Garden , Paya Terubong, Penang
7. Menara Kuda Lari , Jalan Lumba Kuda, Penang
8. Merbau Kudung, Sungai Dua, Penang
9. Mutiara Perdana (Phase II) , Bayan Lepas, Penang (low-cost flats)
10. Pangsapuri Widuri, Butterworth, Penang
11. Projek Penang Jaya, Bayan Baru, Penang
12. Queensbay Megamall, Penang
13. Taman Cemerlang Bandar Baru Air Itam, Penang
14. Taman Jentayu Penang
15. Taman Kasawari Penang
16. Taman Koperasi Guru, Tanah Liat, Bukit Mertajam Penang
17. Taman Kristal Block C Penang
18. Taman Pekatra Indah, Simpang Empat Penang
19. Taman Puteri Gunung Penang
20. Taman Sejahtera, Teluk Air Tawar Penang
21. Taman Sri Bayu Penang
22. Taman Sri Semarak Penang
23. Taman Widuri Penang
24. Taman Widuri Sungai Bakap Penang
25. Wisma Telaga, Butterworth, Penang

Source: National House Buyers Association
Website: http://www.hba.org.my/help/abandoned/ap_list_AB.htm

 
August 12, 2009 at 10:27 AMBG

If this is the case, better don't touch new projects. Go for subsale and pay the premium to the 1st hand owner or investors/ speculators.

By the way, it is clearer if you can list down the related developers rather than the affected projects.

 
August 12, 2009 at 11:06 AMMr.Business

That is why reputable developer is very important, and need to consider their past record.

 
August 12, 2009 at 11:16 AMcentral

listing the developer will not help as most new projects are undertaken by a newly registered $2 company.in the event that the project is abandoned,theres little or no legal recourse as the company is only worth $2.one cant even go after the directors in a personal capacity as the contract is signed between the company and buyer

i think the sell on completion concept should be inplemented to protect genuine buyers ,of course the flip side will be paying more on completion

 
August 13, 2009 at 9:05 AMJack

A subsale by a first hand owner, investor/speculator may be lower than the original price if the housing market is down. There are too many condominium developements in Penang and Malaysia. Many investors cannot rent or sell their units at a profit. I think in a few years many condo units will be sold or auctioned off at a lower price than the investor originally paid.

 
August 13, 2009 at 9:25 AMMr.Business

Hi Jack,
Please tell us investors of which project "cannot rent or sell their units at a profit". I am curious to know.

 
August 13, 2009 at 9:30 PMSpooi

Hi BG,

What is S&P?? How to know 1-world and 1-world2 had signed the S&P??
Please advice thank you.

 
August 13, 2009 at 10:22 PMBG

If sell after built, the price will be very expensive. And only big developer can do it. Imagine if all condo built by IJM only, with > RM300/sf for lease hold title.

Subsale lower than initial price...... first time I come across this in Penang island. You should pray that this never happen because if this happen, it means Penang is losing jobs and people migrate out from Penang. I think you will not buy any property event it is 20~30% cheaper.

S&P or SPA - Sales & Purchase Agreement, sign between vendor and purchaser. 1 world 2 not yet sign qua as it is just start selling. For 1 world, just check with 1 world buyer to be sure.

Just my 2 cents. No right or wrong.

 
August 14, 2009 at 4:10 PMCL

Dear KK, we are impressed with it because we have experience living in condo and does not have space to celebrate during festive season. We have big family BTW, some 30 ppl back to celebrate the festival. Our siblings bought 4 units anyway. Again depend on individual needs. My view is that commercial suite = service condo. At the end of the day, it is how we want to use the place i.e. office or home is up to us. Similarly, ppl are renting terrace house and converting to business outlet.

 
August 15, 2009 at 2:05 AMHpbeh

1 World buyer oredi signed S&P.

 
August 19, 2009 at 6:35 PMMichael

I have just visited the show unit, the layout, ID design, balcony ... very impressive.

 
August 19, 2009 at 8:38 PMjin

The layout is pretty good with the big balconies and only 5 units per floor, but i don't like the commercial title that comes with this property :(

 
August 20, 2009 at 3:14 PMRonnie

Wat about the fact that it's only a lease 77yr hold title??

 
August 20, 2009 at 8:54 PMTan

still have many units available for sale? Are these units come with 2 CAR PARKS?

 
August 20, 2009 at 8:55 PMjin

I did ask about the 77yrs left leasehold title. The sales personel there says it can be extended but i doubt that it's possible.

 
August 20, 2009 at 10:38 PMRonnie

haha.. sales talk.. they'll say bout anything to close the deal. After signing S&P, it's a diff story d.

Anyways, the main weakness is clearly the commercial title leading to commercial utility bills & only a 77yrs lease hold (22yrs less than normal lease!!!)

The advantage is it's reasonable pricing with good layout...

Tempting but not for me :P

 
August 21, 2009 at 9:22 AMMr.Business
This comment has been removed by the author. 
August 21, 2009 at 9:34 AMgreatwhite

Really? That's farking unscrupulous!!!

 
August 21, 2009 at 10:52 AMnic

the pricing is cheap. but there is certainly a reason y the developer price it cheap with big layout. i think everyone shud know the reason. :)

rememebr: good thing not cheap, cheap thing not good.

 
August 21, 2009 at 10:06 PMTL8iMCMF1JPve55_M5TIBCSr7MQZTsmxjw--

i book one unit, one month ago during VIP launch. Does anyone sign S&P already?

 
August 24, 2009 at 12:20 AManthony lau

Hi CL,

Could you pls explain more on the concept of dual usage of either home or office for this property, my concern is the affected privacy of the residential occupants if the units are used for commercial/ office purpose. Pls clarify how Ideal going to manage the situation, thks.

 
August 24, 2009 at 11:24 AMSerina

Many projects in KL has successfully convert from leasehold to leasehold ext and freehold. Check with Kementerian Perumahan, Damansara branch or sometimes they have booth in Property Fair.

 
August 24, 2009 at 5:13 PMMr.Business

Execution and track record for a developer is very important. Please do not overlook them.

 
August 28, 2009 at 7:11 PMJosh Ong

No worth if there is only 77 years lease hold...

 
August 30, 2009 at 9:48 AMVoice

Nic, I do agree with you... Good things are not cheap, and Cheap things are not good. More so for this developer.

Ideal, Krystal, and Rich Focus are from the same family, with the same business model and strategy... Cutting Corner.

Please talk to the purchasers from their previous projects (not those who have just recently book their projects as these are newly conned by them), and check their property price in the secondary sub-sale market. No buyer for in the secondary market because you know why !!!

You you still don't know why, then take a drive to their previous project. A good one will be the Krystal Country Home on the way to Teluk Kumbar. Take drive there on every road that you possibly can drive in, even though it may seem narrow, because those are the "main road" leading to people's houses. Look at their
- Gate
- Car porch
- How creative those people park their car
- How will they get out from their car
- How they close their gate
- How they get into their house

I'm sure you'll be IMPRESSED by how these developers (Krystal, Rich Focus, Ideal) cutting corners to con their previous purchasers.

 
September 3, 2009 at 2:39 PMCL

Hi Anthony, the component is commercial suite i.e. if one were to operate as an office, beauty saloon, others have no right to complain because it is commercial space. But i have doubt that ppl would want to use it as office cos all their visitor will have difficulty in getting into the building as the lobby will be guarded and need Touch Card to get in. If you are staying in an apartment and found that your neighbor is using his unit as an office, you have every right to complain and get the authority to take action.

 
September 3, 2009 at 2:54 PMMr.Business

If you ask sales person there, they will answer you:
"Do not worry. People buy the units to stay."

 
September 9, 2009 at 1:13 PMlow

Still any units left???

 
September 12, 2009 at 12:03 PMjin

Low, there're still many units left for block B. Not sure about block A though. They are at the property fair in G hotel this weekend.

 
September 13, 2009 at 8:01 AMTan

i went to propety in G Hotel. Block A all sold out, but units still available for Block B.

 
September 16, 2009 at 9:02 AMMr.Business

The reason we need to choose a good developer.

解决与发展商纠纷 槟70余业主求助包青天
二零零九年九月十五日 晚上七时五十一分

(槟城15日讯)70余名业主代表,要求槟城“包青天”首长林冠英出面,插手解决业主与发展商纠纷问题!

来自武吉占姆购物广场、槟城美嘉购物广场、新光大、Sunny Ville和E-Park公寓约70名代表,针对业主与发展商的纠纷表达不满,于周一在新光大底楼,高举印有变身为“包青天”的林冠英肖像及“望首长林冠英铁面无私”字眼的横幅,展开和平请愿。

陈桄汉:3500人受影响

据和平请愿发言人陈桄汉指出,上述受影响单位有超过3500人,所涉及课题包括了分层地契、公共产业、商场与公寓停车场及维修储备金等问题。他们在和平请愿后,即前往28楼向首长提呈备忘录,并由首长政治秘书黄伟益代为接领。

70名代表参与和平请愿活动者,包括武吉占姆购物广场共管机构主席曾健兴、E Park管理层副主席万本义、槟城美嘉购物广场产业管理经理林珉亥、槟城美嘉广场业主商店联合公会署理主席黄慧来、Sunny Ville管委会主席梁永泉及委员梁健义和李凯律师等人。

发展商:交法庭裁决

另一方面,发展商发言人针对这些业主提出的课题受访时回应,公寓和商业单位额外停车场事项是属于发展商的权限,而分层地契部分还在处理当中,至于维修储备金的部分,他表示早已耗尽。

对方强调,请愿者的投诉均是不正确的指责,也是蔑视法庭的做法。他认为,既然这事件已交由法庭处理,就应该由法庭裁决,而他们会尊重并据法庭的裁决行事。

槟将成立分层地契局处理

槟州首长政治秘书黄伟益指出,早前已经多次接获上述个别单位,针对有关发展商的问题作出投诉,然而类似集体作出投诉还是第一次发生。

他说,根据2005年新法令,州内分层地契的问题是交由中央政府处理,但自3年前成立的中央分层地契局执行方面未见效果,因此,从去年开始中央政府已把有关问题交回给地方政府处理。

“目前,槟州政府将成立分层地契局来处理层出不穷的建筑地契问题。”

http://www.kwongwah.com.my/news/2009/09/15/148.html

 
September 24, 2009 at 3:33 PMLowe

Any reason why Block A is sold out and Block B is not as Block B is lower density compare to Block A.

 
September 26, 2009 at 11:26 PMXCUBE

This definately not a good developer
- the dev using dirty trick, signing s&P without date and delay stamping the date 6 months later
- Their just completed project I-Regency, their condo management office appoint their own gangster contractor and force the resident to buy bricks/cement/sand from them.
- Also heard force to use their GC to do grill and force to pay garbage disposal fees even if u dispose yourself !.

Dont believe? call their office and ask

 
September 27, 2009 at 2:17 AMsv

Commercial title property leads to commercial utility bills. But the sales person said, when applying for individual TNB/PBA just mention it's a residential unit. How true is this will need buyers to find out.

 
October 9, 2009 at 5:38 PMPaulz

yup, i just book 1world2, in penang hard to find honestly developer, before sell and after OC obtain is another story, don`t know why government not take serious about this.
"rocket", kindly do something for next election...

 
October 9, 2009 at 9:41 PMZhg0IaB8qfkPfpacSuECIJYFmIkyQ16Q

Hallo..i am KL, one of the buyer, did anyone received offer letter from developer?

 
October 14, 2009 at 11:54 AMwong

For those who sign the S&P. The years of tenure written in S&P are 77yrs or 99yrs?
If it is 99Yrs, but it can't be converted to 99yrs what is the compensation plan by the developer??

 
October 14, 2009 at 2:07 PMJoe

You guys should seriously visit ideal office and get the clarification about your future gangster contractor.
Ideals appoint their own gangster to setup booth at Ideal Regency now...
And their contractor pakat with mgt office and like king of the place.. Dont take my word for it... Ask them

 
October 23, 2009 at 4:54 PMCL

Hello Flippers! Everyone knows that Penangites does not favour FLIPPERS and would not pay undercounter to get units. So, pls return units to developer if you are not serious in buying. At least do good deed by letting go of your unit to serious buyer who are looking for affordable homes. Rich ppl who bought low cost homes and flipped to poor ppl at a higher price is actually a BIG SINNER la... In today's mkt, ppl does not favour them anymore. Look at The Spring investors/owners, some have paid flipper 20 - 30k to get unit. Investors who pay flippers now got burn!

 
October 23, 2009 at 5:17 PMk

agree with CL...some investors so tham sim...want to make easy money and in doing so make profit out of other people's misery...Hokkien say chek ark....bad karma

 
October 23, 2009 at 6:43 PMCL

For those flippers, pls take note that it is very easy for developer to sell their units to the public because they have choice for customer to select. One would find that it is difficult to sell the unit because customers do not have choice = either take it or leave it. Most would leave it and try to look for better deal!

 
October 31, 2009 at 5:54 PMInflexion

hi all, i am looking a unit condo. nice and clear good maintainace, anyone can contact me ASAP.
near to sea view, big swimming pool, gym, sauna, hall, ..............

 
November 5, 2009 at 12:15 AMDanny

I'm an interested buyer. However I heard from the developer that we can't use our EPF to contribute to the loan as they are missing some documents. It's my understanding even for commercial property we can use our EPF to contribute to it (I have friends doing that). Am I missing something here? Or is the developer not showing us the full story?

 
November 6, 2009 at 11:54 PMPaulz

the build up area:
http://locationmap.org/1world2

 
November 10, 2009 at 1:12 PMDanny

I've just been to the EPF office and they've confirmed that you can't withdraw your EPF for buying or paying your loan as it's not mentioned that's it's for residential use. So what ever the developer says or don't say advisable for you to personallyconfim at the EPF office.

 
January 7, 2010 at 10:13 AMKB.How

DO anyone signed the S&P and get the stamping as well?

 
January 10, 2010 at 8:14 PMzen1

yes,i already sign s&p last week

 
January 16, 2010 at 10:13 PMaleong

l already signed s&p three months ago.
stamping not sure, will ask for it ASAP.

 
January 18, 2010 at 10:34 PMtry

Is there any units left? where is the show house? when is it open for viewing?

 
March 23, 2010 at 10:08 PMBezbuy

Why has it been so quiet with no comments for 2months already? I am considering to buy a unit in Block A with 1650sq ft. I am trying to get more information on this property, developer....pros and cons, and updated info especially from purchasers... words of advise etc. Anyone? Thanks

 
March 23, 2010 at 11:25 PMBoon Keong

I wanted to buy blockB when i saw the show house... like the concept with the big balcony... but its leasehold with only 70+ years left... not confirm will extend back to 99 years... electricity and water bill also more expensive 30%...sigh...

 
March 24, 2010 at 12:00 AMBezbuy

The sales agent told me 99years lease will be in the S&P. Can any purchasers confirm?

I am not overly concerned about the utilities even if it's true. The property is very cheap to start...about RM230-RM250/sq ft so it's cheap compared to many others out there. So, let's say you pay extra RM100/mth = RM1200/yr. After 20years, it's still only RM24k more (that's after 20years!!). And considering you're getting a spacious property at a very central and strategic location, it's worth it IMO. To get a similar property type around the Bayan Baru/Bukit Jambul area would be a lot more expensive than this - maybe RM100k more right from the start. Just my thoughts

 
March 24, 2010 at 8:22 PMBoon Keong

yea... can somebody confirm on the 99 years lease? because i have been told that it will be 99 years from 1 salesman but another told me that it will be 70+ years only and the 99 years not confirm...

 
March 25, 2010 at 1:51 PMBL
This comment has been removed by the author. 
March 25, 2010 at 1:59 PMBL

As I know the staircase is not guarded by security personnel. Does anyone have additional info on security levels provided, particulary on the staircase issue?

 
March 25, 2010 at 5:40 PMBezbuy

I saw a copy of the S&P, it says 70years left for now, but developer will apply to have it extended to 99years after completion of development. This is in the S&P itself although, I don't think it's a guaranteed case.

 
March 26, 2010 at 11:32 PMWatcher

They recently soft-launch their Terrace+. Also mentioned 99 years lease which they will extend. Expect that they will extend since their 1-Square, 1 World, 1World 2 and now Terrace+ all confirmed lease tenure to be extended. Imagine how many ppl will take legal action on them if they don't deliver. Well, this is one of the very few prime land left in Bayan Baru....

 
March 27, 2010 at 12:01 AMBezbuy

I agree with you Watcher. If they dare to put into writing in S&P, then they have an obligation to deliver. Otherwise, they are in for lots of legal trouble from the buyers. The buyers in this prime land are mostly middle and upper income players, and these folks are quite aware of their legal rights.

 
March 28, 2010 at 11:33 AMLock Nei

Bezbuy, i a buyer, the think is, if you like it and for you own stay, it's a good buy. you not goin to live 70 years from now, right? for investment, renting will be good. If you think of a buy/sell of 30%-50% return ofter OC, or the next 3-5years, i don't think so... the thing i like is the layout and the location... and it for my own stay...

 
April 3, 2010 at 12:21 PMkk

Watcher, hv u read d agreement or hv ur lawyer explain the legal jargons 2 u? can u really charge them if lease not extended? i heard they submit application only, pls confirm.

 
April 5, 2010 at 5:49 PMtommy

one thing we are not worry about the lease but the commitment of this project as you can see its quite a big project and i wonder whether they can
handle it at one time and for the time being the progress is very slow and its only just 2 weeks ago they started to go overtime on the other one project and i doubt whether they can finish their
project on time.

 
April 7, 2010 at 9:03 PMBezbuy

Tommy - the S&P states that developer has 36months to complete the project. So, unless the developer goes bankrupt, I think buyers are somewhat protected.

 
April 9, 2010 at 5:57 PMtommy

Bezbuy,
you are right and the bankrupt issue is what
I am concerned as for your info looking at the overall project its quite a big one and I am afraid they cant deliver it and I doubts they can
finish it on time and also lets say even though the shophouse can be completed but do you think they can
start their business with all the project that is on going as all the project are just side by side?

 
April 10, 2010 at 12:11 AMpenangspy

question is can they complete? looks like all half done and they launch new phase....

 
April 10, 2010 at 1:16 AMBezbuy

2 things to consider...
1) that the developer is paying for the loan interest until the building is complete and VC obtained. So, it's in their interest to complete the project soonest possible.
2) sales on the 1W2 is amlmost sold out..so, again, they have interest to complete th project soonest possible

Anyway, in my opinion, I think the risk of the company delaying is quite low as long as the company exists.

As far as the risk of the company going broke....well, from what I heard, they have pretty much sold out the 1-Residence while 1W1/1W2 sales are strong. So, their financial position should be quite solid at least in the next 2-3years.

 
April 11, 2010 at 9:37 PMtommy

I dont know how many of them loaning 90% or more
but from what I know we have to pay 35& after piling work including s&p and for this those loan less than 70& will pay first and this is quite a big sum of money and we cant enjoy the interest free until oc and for penangspy said is true they
havent finnish any project but they launch a new one and this is quite risky

 
April 11, 2010 at 10:59 PMBezbuy

Yes, I agree with the risk of them having too many major projects going on at the same time. Hopefully they will not close shop.

We can only hope that they will complete this project on time, and then buyers can surely reap the benefit from this property which sits on a very strategic location. To me, comparing the 3 projects around the same area...1-world, Elit and D'piazza , I think 1-World is the best because both D'piazza and Elit are too high density and also too close to the mosque/hospital(no offense intended to our Muslim friends since I like to wake up late)

 
May 10, 2010 at 10:00 PMHpbeh

Good News for Ideal to get new project launch, at least they can get enough Cash Flow to finish our 1 World 1 & 2. Why woried too much, as IJM also launh so much project and yet they finish the project. Dont tell me IJM company background is stronger then Ideal, the main reason is they practise in this way to get enough Cash Flow.. if a developer just lauch a single project, then people will doubt how strong for this developer? Try to look around, many of the developer also practise like that. example: Ivory & Tambun Indah.

 
May 17, 2010 at 8:27 PMProperty

1-World/1-World 2 Owners

I would like to check with you :
1) Is this property under Commercial Title as stated in your SnP ?
2) Is any one manage/successfuly to withdraw $ from your EPF a/c for this property ?

 
May 17, 2010 at 10:09 PMHpbeh

Yup this is under commercial title in S&P. Heard that cant get EPF to buy it.

 
May 25, 2010 at 9:39 AMSam

I heard this news... when the bank said they are bearing the interest during the installment free period/construction, they actually negotiated with the bank to get the 0 interest loan, a case when the developer couldn't finish it within the period.. they will then have to pay for the interest. (this developer has a record of slow completion). Could this be a big risk while they are running so many projects at one time?

Someone please confirm my point?

 
June 5, 2010 at 12:00 AMHpbeh

Petrol price increase soon, everything will affected... building material & BLR also increased. Developer will force to finish contruction early.

 
July 12, 2010 at 11:39 PMCaptain

What is the project status now? sold out? Any expert know why this project is not hot like Elit and Golden Trianlge.

 
July 15, 2010 at 10:39 PMpenang

captain - leasehold is the main factor. Sales take-up almost 80%. Developer usually does not spend much on marketing after they hit the target. Balance units will usually be taken up construction work is at more advanced stage. Price still very reasonable at between 225 to 245 psf. Location is definitely better than Elit & TGT but reputation of the developer has a lot of ??????

 
July 16, 2010 at 12:49 AMBezbuy

Yea, I agree that leasehold is probably the main reason. If you're buying it for own stay, this is probably one of the best location around Bayan Baru area right now. Personally, I think the location is better than Elite, D'Piazza or TGT.

I believe Block A is completely sold out. Block B should still have some remaining units. Check with the sales office.

 
July 16, 2010 at 1:12 AMMr.Business

Service suite means under commercial title, this also translate into higher utility rates.

Electricity tariff for domestic
21.8 sen/kwh for first 200kwh
33.4 sen/kwh for next 200kwh

Electricity tariff for commercial
37.0 sen/kwh for all kwh

Utility bill too high, you will be difficult to find tenant in the future.

Mr Business of Cari Forum

 
July 17, 2010 at 12:39 AMCaptain

Thanks for the input. But strongly belif the location is "Everthing". Merina bay and IJM Sri Pangkor (leasehold) is one of the good example. Hopefully IDEAL can complete the project on time.

 
July 17, 2010 at 3:49 PMpenang

Mr Business, all the same with Elit Heigth. Tariff, indah water, assessment, quit rent. Expect 1 World leasehold selling at 230 - 245 psf. Elit Height freehold selling at 290 ++. 1 World not so crowded, Elit Height??? well let one judge for themselves. In term of tenant cost when renting - no diff, they still pay same rate .

 
July 26, 2010 at 12:06 PMCaptain

The 1W2 progress is very very slow, when will be the 1st piling? SnP sign at Jan 2010, 7 mth gone, still nothing happen for 1w2. a bit of worried this project. IDEAL Location, IDEAL Home, IDEAL Schedules, IDEAL developer, NO IDEAL.....

 
July 26, 2010 at 12:34 PMMr.Business

Hi Captain,
When is the SnP stamping date?
The signing date of SnP is not important. The important date is stamping date because time to complete project is 3 years from stamping date.


Mr Business of Cari Forum

 
July 27, 2010 at 2:24 PMptsw43

can anyone confirm that we can withdraw the EPF money for loan payment? Anyone has got this experience with commercial unit?

 
July 27, 2010 at 2:31 PMCaptain

Business,

My SnP stamping at Jan 2010, 6 mth gone, without single piling, 1world stamping date is June 2009, only reach 8th floor now. with this kind of progress, sure will NOT complete on time.

 
August 27, 2010 at 10:48 PMBenji

How's the progress of construction for block B?

I've just booked a unit Type E

 
August 29, 2010 at 1:57 AMDavid Ho

Benji,
i also bought Type E at block B. Last 3 weeks just received the cc letter from developer that they had requested bank to release the 1st 10%. that's means they had finished the ground work and pilling...
hope that can complete on time.... cheers.......

 
August 29, 2010 at 11:14 PMBenji

Hi David,

That's good news..and we might be neighbours in future :)

 
September 25, 2010 at 12:45 AMKK

to those who want to get one unit but could not get it from developer,

1) tell the sales staff you do not mind to pay extra to get one unit
2) the sales staff will ask for cash between 5K to 10K
3) you will get one unit at lower price compare to list price

list price 350K

under table 5K
offer price 300k

your saving 45K

tada......... win win

 
September 26, 2010 at 12:15 AMcheong

Hi all,
Stupid question here. My concern is after the lease 77 years hold tittle was expired and what is the actual story will happen for us. How Government take it back from us? Compensates back to us with the market price? or??

 
September 26, 2010 at 12:40 AMcheong

I just booked 1 unit today at PISA, now wondering it is worth or not? less comment here, WHY?

 
September 27, 2010 at 7:08 PMCaptain

Cheong,
Mind to tell what is your booking price for your unit?
Please refer Elit project, now the pricing is RM450k and above. if the the 1World2 really can complete on time, I sure the price will be there as well.

 
October 2, 2010 at 2:23 PMcheong

Hi Captain,
Is 361K for 23rd floor Block A Type B No.6.
And can i know which bank got the best offer for the housing loan?

 
October 2, 2010 at 3:45 PMcheong

Hi Captain,
Yes, the Elite2 price is 450k and above. Its nice to hear it if the market price can be increase to that level.

 
October 8, 2010 at 4:49 PMCaptain

For me 1World2 have better location and layout compare to ELIT?
But, why the ELIT can sell so well? ELIT2 is launching tomolo, now already got >100ppl Q.
Some one can tell me why this will happen?

 
December 7, 2010 at 11:06 AMNgoh

Captain,

The main reason people are more favour to Elit is the condo title. Elit is freehold, 1-world2 is leasehold summore 77 years (at least some ppl can accept 99 yrs, 77 yrs is a big no no for a lot ppl). Developer mention can extend to 99 yrs but that is SAY ONLY sales talk. So the people that can afford 300-400k condo will slightly stretch their budget to go for Elit, at least peace of mind on the title years.

Commercial tarif is both same for Elit & 1 world. If you are too particular about the tariff thingy, go for D'Piazza (residential tariff + freehold) and accept it's disadvantages :-)

 
December 9, 2010 at 7:00 PMCaptain

Ngoh,

I think you miss out one more important thing: Bad reputation of the developer.
They prove that once again!!!
S&P sign since last Jan. Until today still without single piling yet..
Really disappointed with Ideal Capital Intelligence Sdn Bhd.

 
December 17, 2010 at 3:26 PMdanny

Those who signed the S & P, please make sure it's already stamped as the delay counts 36 months after stamping date. CEO buyers complained being cheated by the developer as it took around 6 months to do the stamping. But still, already delayed more than a year. You guys are too early to feel happy about making profits, please go to have a look at CEO, more than 4 years and almost 5 years, still can't complete. You all should unite all the buyers let's say at least 50 people to see the developer at once, then the developer will ONLY LISTEN to your questions or doubts!

 
December 26, 2010 at 9:16 AMJoe

Not only CEO buyers, they recent project IRegency also same thing, drag SnP
and they place their corrupted Sure Strategy to mgt the condo and wipe out all the resident fund and cabut.
Beware of this developer..

 
December 27, 2010 at 11:53 PMLock Nei

hi Captain,

i been to the site... i show there lot of steel bars place vertically on the site... i think they pilling is done as 1w2 might have a different pilling method then 1w1... anyone interested to find out more of the 1w2 piling? i plan to go have a more detail look and find out why both site have different pilling...

 
January 14, 2011 at 11:58 PMpenang

Ngoh, Captain - Elit Bayan another extension of Ideal Group. Still the same, another 4-5 years to complete la... Elit start selling last year, collect $$$ Q4 2010. Now also no progress... turtle and tortise la...

 
January 16, 2011 at 3:17 PMLock Nei

Elit below to Seal lar... a Kedah Company... Ideal in GIM, doing Golden Triangle. IF you go to sgn Ara, the One residence and Dua villa are more then half way. Show house is nearly complete for tree residence. 1W1 is at 18 floor now. If i not mistake, 1W2 finish pipe-ling, or they do a different pipe-ling. Good news is PISA is not more. Will change to sPICE. contraction by SP Setia... will be the only conventional and exhibition hall in Penang... till the another one at the Light P2. So, Bayan Baru is the place to be now...

 
January 19, 2011 at 6:30 PMCaptain

Hi 1W Condo Buyer, What is your opinion on the impact over the redevelopment of PISA announce recently? Will the price of the condo goes up, will expedite the progress?

 
January 23, 2011 at 7:08 PMpenang

ex-staff shared that Ideal big boss seen going to Seal office attending meeting. So Elit =SEal = Ideal. Well looking at how they change plan to increase density to 800+ units now will tell that it is the same strategy used by Ideal - always change plan to maximise profit. Look at The One - supposed to have MSC Office Tower, Hotel, Service Suite. Now, Rifle Range 2!

 
January 23, 2011 at 8:22 PMsad

no lah. maybe the meeting is about you buy 50% of my project and i buy 50% of your project, and then create an artificial demand for that project. Speculate it and both profit from it lah. so simple mah, the strategy, even a normal person like me can think off, why not for those big tauke.

 
January 24, 2011 at 10:29 AMLock Nei

The redevelopment is a good thing, not only for Bayan Baru but for the State. I more confident it will be a success during and after of the contraction as it will be under SP Setia management for the next 30years. Meaning SP will bring in revenue, generate traffic and making the whole place more life like. Or course it will be more expensive... haha... it all business...
For the speculation, everyone can speculate... it all but Bu$ine$$...

 
March 10, 2011 at 6:19 PMJohn

HI IW2 owners...I'm ONE of you and went to Ideal office to get update IW2 progress. The piling for IW2 was different due to soil condition issue that delayed the progress. Pilling process has been completed now. According to Ideal staff, the completion date estimated at Jan 2013, another 2 years to go! The title is confirmed to be comercial, meaning the utility , quit rent & maintence will be higher. And btw, we CAN'T go to TNB/PBA and state its residential title when the IW2 land under comercial. If you wish to see more progres...u can visit the site below but unfortunately there is not photo (yet) on IW2 progress. Can anyone confirm the rumours that we must use IW2 contractor for renovation.

http://www.idealhomes.cc/html/projects/The%20one%20progress/theone_progressphotos.html

 
March 20, 2011 at 5:17 PMandy

i heard still have a lot of unsold units. what is the current selling price? if still same with the price when bought in 2009, then there is no appreciation within this 2 years when others condos price shoot up rapidly.

 
March 23, 2011 at 2:09 PMLoh

the price increased 5% since last year, you may check with the sale office..
for utilities, i thought that by showing evidence of residence use, then they can convert to residential rate, and this happened before....if cannot, then ELIT will have the same problem, but ELIT also selling like hot cake....

 
March 23, 2011 at 2:16 PMLoh

another thing is that if you look at the latest project, Awana, Rm360/sqft, compared to 1-W-2, from 242RM/sqft, (now is 252rm/sqft, almost different by 120RM/sqft..means easily for 100kRM for 1000sqft....if every year total bill need to top up 2kRM, can last you for 50 years....and yet, a condo for 50 year-old, perhaps need to rebuild....so far, what is the age of oldest condo is Penang hah?

 
April 12, 2011 at 12:47 AMlee

1W2 owner...

can some1 pls kindly let me know-
what will happen when the lease period had expired and the period cannot be extended ...? we will get any compensation from some1 ...?

 
April 12, 2011 at 12:53 AMlee

upon completion (if 2013)- the lease period only remainig 70 years.... if sell out - the buyer only can get 30 years loan...
still wondering the price will up ?

how nice.. if the lease period can been extended upon completion to 99 yeras...

was misunderstanding wit the terms for leasehold (that is not 99 years for this project).....

 
September 21, 2011 at 6:37 PMsh

progression looks good. price is reasonable too. juz got a unit for own stay

 
September 25, 2011 at 8:44 PMLovely bear

sh, still hav units left? How much u bought?

 
February 2, 2012 at 1:10 PMUnknown

Estimated completion date is end of 2012.

 
February 2, 2012 at 6:17 PMdoraemon

now in feb is progressing 15th floor of 26..

 
February 13, 2012 at 2:11 PM中坚份子

Emailed TNB and KWSP to check on the rate and conversion and also using EPF for this apartment. TNB replied as long as in S&P stated Residence then able to convert from Commercial rate. KWSP replied the same as long as it is residential then can apply for using EPF.

 
February 20, 2012 at 4:48 PMdoraemon

meaning we are able to convert our electric from commercial to residential rate?

 
March 18, 2012 at 12:12 PMrose

I saw the progress for 1W2 is going very well.The only concern is about the title ' COMERCIAL LOT " ans LEASE HOLD". Basically you will have to worry i u bought a landed property with lease hold...but for condo no worries.Want to know why ?

The land consumption for 40 terrace house is about 1 acre.After 99 years the land owner need to pay the market rate for 20 terrace house where they can afford.

But for condo..they will never do that.. you know why? they will have to pay the market rate for all the apartment? do you think they will do that for only about 2 acre for about 500 unit... never ... so no worries guys...

I am not the buyer, but I got experience working with developer.
So if anyone is selling after completion.. pls mail me as I am interested.About the TND and EPF.. I dont know much.. Let me check and come back to you all.

 
April 18, 2012 at 3:18 PMTying

Any owner can advise me on how much you bought the unit?
start from how much per sqft until how much per sqft?? I need to know the price range to do some study, thank you so much for your attention.

 
May 11, 2012 at 5:44 PM中坚份子

For EPF Withdrawal, I managed to withdraw and got the money with me already. For The TNB, I checked with TNB, TNB answers is we can request to change to Residence as long as the loan is housing loan and the SPA not stated shop lot. But whether able to get it, I am not sure.

 
June 7, 2012 at 11:18 AM中坚份子

Hi KokTiong,

It should be around RM325-350 psqft depending on the facing side and level

 
September 12, 2012 at 2:38 PMMujibur Rahman

Now Rm400 per sq. No more RM350 per sg

http://www.iproperty.com.my/propertylisting/1662688/bayan_baru_Condominium_ForSale

 
December 12, 2012 at 12:06 PMmopy2

Hi to all those who owned 1-World 2:
i Just sold out my unit, block B with 1425sf, corner unit with the price of RM590K nett.

 
December 24, 2012 at 10:54 PMLucky Man

The out look of the 1World2 is great, but it is not link to 1World1 and the shop lot which is not convininece to us during the raining day. If there is a roof top or bridge link between 1World2 to 1World1 and then link to the shop lot that will be a great idea. Fyi, there are more and more shop lots are opening soon.

 
December 24, 2012 at 11:02 PMmopy2

Hi!today I go 1world2, it almost complete..Seem like after CNY will fully completed. To me, the outlook of 1world2 is more nicest than 1world1. More unique look!!

 
January 3, 2013 at 10:09 AMUnknown

1-world 2 already VP on 22nd December 2012.

 
January 3, 2013 at 1:12 PMUnknown

But I didn't receive any notification letter from the developer about the VP.

Do anyone here got the letter already?

 
January 3, 2013 at 3:31 PMJunyan

i got the letter too, yesterday. but doesn't seems like it is already VP.

 
January 3, 2013 at 4:08 PMmopy2

I jz check with the ideal. Middle of jan they will sent out a letter to ask all the 1 world 2 owner to draw their carpark lot!! Nw start to do the hand over with bank d. After CNY if fast, then we might get the key and also together with OC!!

 
January 3, 2013 at 4:10 PMmopy2

Hi,
The letter is jz to inform us they oledi get VP. Pass over will be after CNY. Then that time we need to pay the maintenance fee and quit rent etc.. then only take the key.

 
January 3, 2013 at 6:51 PMJunyan

i create a group in google, please welcome all the owner to join this group.

1-would-2-penang

 
January 3, 2013 at 6:56 PMJunyan

Please check the below link to join the group:

https://groups.google.com/forum/?fromgroups#!forum/1-would-2-penang

 
January 3, 2013 at 9:42 PMBezbuy

Punyan - I tried checking that link and there is no post yet, and it says I don't have rights to post. Are u controlling access? I think it's a good idea to share views among the owners.

 
January 3, 2013 at 9:43 PMBezbuy

Sorry...I meant Junyan :-)

 
January 4, 2013 at 9:07 AMJanice

I had received the letter too.

 
January 4, 2013 at 10:02 AMJunyan

Hi all, should be able to, the setting is to allow everyone post comment. Anyone please try?

 
January 6, 2013 at 2:58 PMUnknown

this developer always like to cut corners....now event he VP letter is sent without the fact that the apartment is not fully could be given VP status...
VP status means we got to pay the deposits...

 
January 7, 2013 at 8:35 AMsh

yep. agree. dirty trick. the building is not completed yet. based on what did they issue VP?

 
January 7, 2013 at 11:12 PMMujibur Rahman

I have just checked with developer, we no need to pay interest for JAN 2013 because supposedly they need to give us notice 21 days before ask us to pay. We only pay interest on feb only.

 
January 31, 2013 at 11:06 PMemily

Anyone received letter from Ideal on car park balloting? I not yet receive.

 
February 1, 2013 at 5:13 PM1world2

I did not receive letter either. I just confirmed with ideal that the carpark balloting will be on this Saturday, Sunday, and next Monday. You need to call Ideal at 04-6456888 to confirm if your unit is on Sat, Sun, or Mon.

 
February 2, 2013 at 12:51 AMShih Wei

can anyone confirm with me that Block A unit 7 has the same layout as Block A unit 3A? I've just looked at the S&P agreement and the floor plan for unit 7 looks alot like unit 5 and 6.....

 
February 2, 2013 at 11:40 AM1world2

Block A unit 3A and unit 7 - both are 1650sf but their layout are different. Block A unit 7 layout is a bit similar with unit 2/3/4/5, only 3 rooms 2 bathrooms. Block A unit 1 (1600sf) and unit 3A (1650sf) have 3+1 rooms and 3 bathrooms.

 
February 2, 2013 at 7:23 PMShih Wei

hmm....that would make unit 7 a type B but with 1650 sq ft then

 
February 2, 2013 at 7:30 PMShih Wei

still abit confused, why unit 7 would have the same number of power points as unit 3a?

 
February 2, 2013 at 10:36 PM1world2

Sorry if I've confused you. Block A unit 7 is NOT type B. Type B is 1450sf and unit 7 is 1650sf. 4 different layouts at Block A - Unit 1, Unit 2/3/5/6, Unit 3A, and Unit 7. To avoid confusion, you should call ideal office to confirm.

 
February 4, 2013 at 8:03 PMShih Wei

already confirmed with the developer, they've changed the balcony so it is not facing suntech, and its 3 bigger rooms

 
February 7, 2013 at 9:53 PMraymond

中坚份子, mind to tell which bank you got your loan? My EPF application has been rejected...

 
February 7, 2013 at 10:57 PMmopy2

as i know that the KWSP are not allowed to withdraw EPF for 1 world 2 cuz this condo is under Commercial Title..

 
February 11, 2013 at 12:50 AMShih Wei

try PBB for loan, much more lenient than citibank BLR-2.3

 
February 19, 2013 at 5:38 PMJunyan

https://groups.google.com/forum/#!forum/1-would-2-penang

Someone had started the google group discussion in case some of the owner are not aware. you can join the above link or search 1-world 2 in google group.

 
February 27, 2013 at 4:41 PMmopy2

did anyone know that whether ideal already receive VP letter? Since there no any news from Ideal, so the pymt for the interest i still on hold. My frenz told me that if the VP not yet done then the interest should still bare by Ideal....

 
March 14, 2013 at 2:35 PM中坚份子

Raymond I got loan from Affin Bank cause we can't choose our bank. I got my EPF approved last year Apr

 
April 17, 2013 at 8:26 PMJunyan

5 and 6 are identical, why 6 not 6 and 5?

 
May 29, 2013 at 5:02 PMsh

any subsales done lately?

 
August 25, 2013 at 2:09 PMSiang Wei Ong

Just bought a unit 1650 18 floor above
Rm690k

 
October 6, 2013 at 2:51 PMAnonymous

Hi, does any one here know which bank do residential loans for 1 world.So far i only apply for CIMB, PBB and HLB which do residential loans. Banks such as Standard Charted, OCBC only do for commercial title for 1 world. Help~~

 
December 14, 2013 at 1:50 PMpenang

Be prepared to pay very high Assessment Bill for this property and Soho....owners are being billed RM2500 - 2800 p.a. as compared to residential titled property which is usually a few hundred RM only....

 
December 22, 2013 at 9:16 AMUnknown

Hii penang, how about 1 world resident? how the assessment bill based on? square feet?

 
March 5, 2014 at 3:09 PMUnknown

Dear all,

We have a residence facebook created.
Please join.

https://www.facebook.com/groups/115724781971306/

Thank you.

 
June 13, 2014 at 9:46 AMUnknown

MOU Signing between PDC, Temasek and EDIS. Located in Batu Kawan and in Bayan Baru respectively, PITP and BPO Prime have been identified by the Penang State Government as priority projects for Penang’s development. The PITP and BPO Prime with a size 206.8 acres will be completed over the next 5 to 10 years. BPO Prime will be part of the effort by the state government to fulfil Penang’s destiny as one of the 31 BPO hubs of the future.

 
June 13, 2014 at 9:47 AMUnknown

Good News for all condo at Bayan Baru!!!

 
September 1, 2014 at 10:51 AMAnthony

1 sky
Original
1450sft
715k.
Pls contact Anthony Liong (Agent) 012433370 , or email me at intradayman@gmail.com

 
September 21, 2014 at 12:30 PMAnonymous

Hi , Im Lucas lim ,from I&T properties , I can help u up to marketing your property . I m professional in bayan lepas area. Kindly email ( jiayong3312@hotmail.my ) or whatsapp 016-5519916 details on your Condominium. I will looking Potential buyer for u. Thanks , Regards Lucas

 
September 26, 2014 at 9:40 AMUnknown

One Sky One World公寓 年租值下调30多巴仙

 
October 5, 2014 at 7:09 PMUnknown

1450 sqft
Hill view
Rare in market
Block A
2 side by side car park at low floor
Fully Reno
Asking for 828K nego

Call 0164226599 / 0164480183

 
October 28, 2014 at 12:19 AMAnonymous

Hi Dear buyers & Owners,

I have few units on hand from low floor to high floor. If u are interested can contact for further information.
Welcome owner to provide sale / rent listing

Kindly call / whatsapp / Sms
016-442 9837 Ms Tan

 
October 28, 2014 at 12:52 PMhydran lee

Unit 7
-1650sf
-2 car park side by side
-Seaview
-Limited in market
-Block A
-Middle Floor
-Nice Layout

Asking for RM860k

Interested pls contact:
0164193083