Quayside Condominium


Quayside Condominium @ Seri Tanjung Pinang is a waterfront resort condominium project located in Tanjung Tokong, Penang. The project comprising 7 blocks - 5 high-rise and 2 low-rise condominium. The condominium unit comes with built-up area ranging from 1,137 sq.ft. to 2,481 sq.ft. There are few types of designed layout with choices of 1, 2 and 3-bedrooms.

Facilities at Quayside Condominium include swimming pool, landscape garden, waterpark facilities, clubhouse, basketball court, volleyball court and outdoor spa.

Property Info | Photo | Floorplan | Map | Sale & Rent

Property Project : Quayside Condominium
Location : Seri Tanjung Pinang, Tanjung Tokong, Penang (Property for sale & rent in Tanjung Tokong)
Property Type : Condominium (Condominium for sale & rent)
Tenure : Freehold
No. of Blocks : 7
Built-up Area : from 1,137 sq.ft.
Developer : E&O Property Development Berhad

139 comments

December 29, 2009 at 3:24 PMjulien

800k for 1,100 sq feet???huh

 
December 29, 2009 at 5:37 PMjeremy tan

a slight mistake i notice: typeA1 is suppose to be 1317sf.
type A2 is 1137sf

it is going for RM700/sf on average . Yes the most expensive psf condo in Penang.
It is going for the same price as St Mary residences in KL when it was first launched. Now St Mary residences is going for RM1000/sf.

So, i wouldn't be surprise if this project is selling for RM750 for their subsequent blocks.

It has a 4.5 acre water park. To imagine how big it is. Take Fettes residences for example, the entire project is build on a land size of 3.3 acres. So the water park for this project is bigger than the build up area of Fettes residences.

It has a 7.1 acre greenery park.

A clubhouse of 14,000 sf

Next to the Marina and shopping malls

Gurney drive look a like Promenade

Comes with everything including kitchen and electrical appliances. Everything except for furniture and lighting.

Nevertheless, it is quite daring and over confident for E&O for setting such a high premium for a project which is build on reclaim land.

They will be launching in January in countries like Singapore, China, Indonesia,Phuket, Hong Kong, Korea etc

I visited their sales office recently and their uptake is about 35% already for the first block which they will be launching soon.

They offer a 10:90 scheme, where you put a down payment of 10% and you don't have to pay anything until the project is completed.

 
December 29, 2009 at 7:34 PMtheBrezza

BTW, tentatively RM0.35 psf maintenance fee. Compare to RM0.50 they used to ask for, this is consider a bargain.

One car park for those unit below 2000 sf types. >RM30k per extra car park.

Very professional & ethical sale team.

 
December 29, 2009 at 10:52 PMAndrew

Did they say they have some new technology that does not require them to wait for reclaim land to settle and stabilise?

 
December 30, 2009 at 8:08 AMjeremy tan

i believe it is the same sand replacement method they used for all their reclamations so far. However, according to them the piling is ready and construction can begin at any moment. They are just waiting for the E&O people to give the green light.

Maintenance is at RM0.35 psf. I am not too sure whether it is sustainable or not. They might increase it in the future. Base on experiences, it will cost more than RM0.35 psf to maintain a 4.5 acre water park and a 7.1 acre garden.

Nevertheless, it is a unique and an exclusive project reserve for the rich.

I believe facilities wise it is the most comprehensive in Penang.

If you are interested in buying a unit, it would be wise to buy an extra car park.

Very professional & ethical sales team indeed.

 
January 6, 2010 at 12:10 PMlim

Hi Jeremy

indeed a different class of accomodation for this development.

as for the prices... do you think it will drop as from psf price is the highest compare to gurney drive area.

thanks

 
January 6, 2010 at 3:59 PMPEngineering

the price is crazy and it will drop if demand is less....they thought penang people get their $$ from the sky ah....moreover, that area is the Tsunami zone.....so the price will crash if there is another tsunami hitting the area....nobody can predict the future. just my opinion

 
January 6, 2010 at 5:02 PMJeff

From what i see, this project is targeting mainly on the foreigners. There are no short of rich guys in penang, however with this price range, there are easily better choices elsewhere, eg. landed or super-condo along gurney drive. Their newly-launched St Marry project was proven a success in KL, seeling hot despite during gloomy market situation, this has perhaps boost their motivation to repeat the same success in Penang. I have been to the soft-launch and also took a stroll at the area, very attractive indeed in view of the environement and future development, however the price really made me think more than twice. Honestly i do feel a bit "sour" but by all meant I do not wish to think abt another Tsunami again...

 
January 6, 2010 at 6:10 PMHsiens

E&O already proven the quality of built in Penang years back with Semi-D, Terres, Banglow and etc. No doubt on the quality but more doubt on our wallet. :D And for tsunami... what is the possibility we will see it in our life the next one? Check it out on google :D

 
January 7, 2010 at 11:23 AMjeremy tan

All of you are correct. It is expensive, tsunami area and there are plenty of other options.

At the end of the day, the uptake of such units will be more than 80% because of the 10:90 loan packages that they provide.

SPSetia 5:95 loan package. Even better.

So uptake for such projects with this kind of loan packages would be good.

And they are mainly targeting foreigners. Their property roadshow starts on the 16th of january to 6 different foreign countries including China.

Apparently tsunami will not hit the same spot twice in a life time. I am not too sure how true that is.

Location wise, it is prime property.

Price wise, it is very expensive.

 
January 7, 2010 at 1:58 PMcondomana

Yes, it is expensive. And I (in fact most penagites) said the same thing when they first launched their terrace houses.

However, due to their international & local marketing effort, they have convinced enough buyers to take up all the units for the landed properties (investors, speculators & owner-occupiers).

And one intersting "side effect" was that property price in penang (especially within same locality) also went up once people are convinced of the new price benchmark.

So here comes quayside, once again, expensive & tsunami risk. if history repeats itself (which i think it would), you would see people getting convinced of the pricing, and start to buy in sooner or later.

For me, i would buy anything that's priced below RM450psf in the surrounding area, as once the new price benchmark is set, things will be going at at least RM550psf. (and RM550psf these days do not sound expensive anymore).

 
January 7, 2010 at 3:31 PMsam

I have been saying this many moons back, Tg Tokong is going to be the next big thing in Penang Island. Grap a piece of it if you can or you can just watch.

 
January 8, 2010 at 1:01 PMlim

sam, i think so also, as land in penang is very limited.

sooner or later the price will go up.

buy if you still can afford.


my 2cents comment onli

 
January 8, 2010 at 1:38 PMJeff

Yeah..its kinda "get one now before its gone" or "wait-and-see" mindset now. At this point of time i stick to the later, i am waiting for the upcoming ivory project in tanjung tokong or Bayan mutiara projects..

 
January 12, 2010 at 11:51 AMlim

if most of the units is owned by foreigner than the occupancy rate should be low despite it has high desity at this development.

so not to worry abt the over crowded at here i think.

perhaps shld more concern abt the high psf price
&
location

 
January 22, 2010 at 10:11 AMSmart

Actually, I got the info from E&O that Quayside is about 20% sold in the 1st Block. And out of the 20% sold, 80% are foreigners buying for short-term investment. Having said that, I guess Quayside will be a success in a very long-term period because its has the holding power to hold and sell as it goes along.

 
February 9, 2010 at 11:49 AMjeremy tan

I was there for the launching last Sunday. It seems that most of the units facing the Sea has already been taken up. Officially, 35%-40% of the units in the 1st Block are sold.

They might be launching the 2nd block very soon in April when they tour China for a month.

 
February 15, 2010 at 10:33 PMCitysleeker

Tuesday, February 9, 2010

E&O secures 50% sale from initial launch in Penang project

GEORGE TOWN: EASTERN & ORIENTAL BHD (E&O) has sold 50% of the units it put up for sale from the first block of the RM1.8 billion Quayside seafront luxury condominiums that was officially launched last Sunday.

The company had a soft launch of the first block, which comprises 298 units priced between RM765,000 for a one-bedroom unit to RM4.3 million for a penthouse unit, a month ago. Some 30% of the units were secured by interested buyers before last Sunday's official launch.

E&O had only expected to reach the 50% sales mark two months from the official launch of the first block. The RM1.8 billion development consists of seven blocks of condominiums, five of which are high-rise with 26 storeys and 298 units per block while two are low-rise with seven-storey blocks of 51 units each.

"We are well within our target and we expect interest and sales momentum to be stronger over the next two weeks, straddling the Chinese New Year holidays," said E&O executive director Eric Chan.

The project, which spans 21 acres (8.4ha) of prime seafront land is located within the Seri Tanjung Pinang development and positioned as an elite waterfront community like Australia's Sovereign Islands and Sentosa Cove in Singapore.

They offer a 270-degree view of the Andaman Sea, Gurney Drive and Batu Ferringhi beaches, with 60% of the units facing the sea and the rest hill and gardens.

The gated community featuring resort-style living offers buyers seven different design types and sizes, including the penthouse unit with a built-up area of 7,159 sq ft which comes with a private swimming pool.

The first block will be completed by 2013, while the entire Quayside project is expected to be completed within seven to 10 years.

By The EDGE Malaysia

 
February 19, 2010 at 2:11 PMOzi

HSBC is offering fantastic rate for this project,
call me for more info...thanks...

Ozi Ong----> 012-402 0277

 
February 23, 2010 at 5:09 PMCL

omg!!! looks like we, the existing owners of the landed property have to endure the dusty environment for so many more years to come! alas....Quayside is definitely not the cup of tea for the local ppl and take up rate is slow. Hopefully the place would not turn into mini China as they are so aggressive in marketing the product to this 'Tai Luk' ppl.

 
February 23, 2010 at 10:18 PMjeremy tan

take up rate for the first block is already more than 75% at this moment . It was launched early this month in february. It is not even the end of february yet. So, how is the uptake rate slow? : )

Buyers are mainly those same buyers who bought the terrace and semi-D houses 5 years ago. They are opening block E (2nd block) to the people from China in April. These people have the holding power, they don't need the money.

It is certainly the cup of tea for locals if they can afford. For those who can't afford it, how can they taste that cup of tea? l0lz.

Just my 2 cents : )

 
February 23, 2010 at 10:27 PMKK

jeremy, quayside was previewed in sep 2009 and launched in feb 2010. take up rate is only 50/60%. do check your fact before posting.

 
February 24, 2010 at 9:20 AMjeremy tan

i checked with the E&O office this morning, my bad, the uptake rate now is 60-65%. A few singaporeans came in during the CNY break to buy in bulks.

1+1 studio units are all taken up. So they went for the studio units.

For a project that cost RM720/psf to have an uptake rate of 60% and above is still quite fast.

 
February 27, 2010 at 12:23 AMcanvasTALK

Heard that the launching price of the second block (Block E) will be about 25% higher than the first block.

 
March 2, 2010 at 1:13 AMsarah

Just went to their showroom yesterday. All smaller units facing the sea is fully sold. There are still some studio (1137 sf) and 1+1 (1300 sf) units facing Gurney Drive/Plaza and Tg Tokong hills but it's going very fast. The take up rate shld be about 70 to 80% now. Very impress with the whole Quayside project, their workmanship and the facilities offered. It's a private resort area.

 
March 11, 2010 at 3:25 PMCitysleeker

Latest update - Prices for the initial block have been revised upwards by reducing (in some cases removing) the discounts offered. Paving the way for the launch of the 2nd block at higher prices.

 
March 11, 2010 at 5:14 PMlee

Good news for all the smart investors who have purchased earlier. Penang will be the next Hongkong and Singapore where the property price is unreachable for the working class. What will happen in the next 5 years?

 
March 11, 2010 at 5:21 PMCitysleeker

The prime areas will be restricted to those with money. Average working class will just have to move further away.... maybe to Balik Pulau... or Butterworth where prices are still within their reach.

 
March 15, 2010 at 12:47 PMs_Boy

found this website

http://www.quaysideresort.com/enquiries.html

 
March 24, 2010 at 12:31 AMjack

I heard that there will be another increase of 20% for the second block launch!

 
March 24, 2010 at 12:36 AMjeremy tan

yes thats right jack. The sales was better than expected. They are launching their second block soon in April.

 
April 1, 2010 at 12:15 AMjack

Anybody knows how much is the increase psf for the second block launched?

 
April 1, 2010 at 10:07 AMPenang

20% is average. Some sea facing unit as high as 25%.

 
April 1, 2010 at 12:05 PMjack

I am new in the properties market. Can anybody share your view about the great increase?

 
April 1, 2010 at 6:04 PMPam

Ozi wrote good rates from HSBC for Quayside? Watch out. That bank uses very tricky methods. We got offered 90% loan, couldn't believe how good the terms were, double and triple... checked. Only after 2 months (and after they think you have no more way out) they come out shocking surprises... 60% only, "sorry sir, take it or leave it, you don't qualify for more... you must have misunderstood something".... Mafia - like!!!And remember, if it is too good to be true, it is in fact not true!

 
April 1, 2010 at 11:41 PMCitysleeker

The 2nd block has touched RM 950psf !!!!

 
April 2, 2010 at 9:01 PMcondomana

hahaha, good luck E&O, i think you are a little bit over confident. for those who are really prepared to pay RM950 psf, i think it'll be years before you see any "real" upside.

 
April 2, 2010 at 9:12 PMcondomana

lee, penang will not be the next hong kong or singapore as we do not have high paying legal & investment banking jobs here. what we have here are factory jobs (even MNCs are complaining wages not competitive now) and tau sar pia jobs.
however, i know foreigners like to retire here, and precisely for the fact that it's bloody cheap to stay here. so when it's not so cheap, retire here for wat? you think this is florida ah?

 
April 2, 2010 at 9:22 PMcondomana

hsiens, what quality you are talking about? havent you noticed the paint has started to peel off on the semi-ds? you go inside, timber flooring also starting to come off. but anyway, that's not the main issue lah. quality is only an excuse to justify for your purchasing decision. no one knows the future. all i know is, the motto for property purchasing is "location, location, location". i seldom hear "quality, quality, quality".

 
April 11, 2010 at 10:15 PMMr.Business
This comment has been removed by a blog administrator. 
April 12, 2010 at 6:15 PMcondomana

Hi Mr. Business,

your comment was deleted before i got the chance to see it. was it related to what i said, or it's just something else?

feel free to comment again if it's related, coz i'd really like to hear feedbacks regarding this super-expensive-for-nothing quayside condo. cheers!

 
June 14, 2010 at 3:45 PMFer

how many percent sold?

 
June 14, 2010 at 3:53 PMFer

i mean the phase how many percent sold?

 
June 16, 2010 at 8:28 PMjeremy tan

1st block is at least 75%-80% sold. 2nd block launched in May is about 15% sold.

 
June 25, 2010 at 2:28 PMHenry

Mostly foreign buyer in this project.

 
July 12, 2010 at 1:53 AMBeeBooKing

I am looking for this project as well.
Currently what price for this project now?

 
September 5, 2010 at 11:18 AMCitysleeker

The 2nd block is >40% sold now and highest price achieved so far is ~RM 1,100psf!!!!!

 
September 6, 2010 at 3:51 PMliz

This area is nothing just a piece of reclaim land and hit by tsunami before. Selling RM1,100sq.ft is extremely high and not like a KLCC CBD area. Developer is sucking customer pocket.Squatters also around that area.sob sob sob!

 
September 17, 2010 at 3:28 PMgong

wow...the most expensive condo in Penang island. Huat ar!

 
September 19, 2010 at 11:41 PMcondomana

Dear liz,

Whether reclaim or not, tsunami or not, it doesn't matter, coz even a non-reclaim & non-tsunami prime area in Penang also won't fetch RM 1100/sqft.

E&O is definitely sucking customer's pocket. Try to get one of the sales people to do a pitch, and ask him/her why is it so expensive. The answer you'd get is :-

(1) The standard is completely above the rest, try to probe further, you cannot get any good explainations
(2) You can just pay 10% deposit, and no further payment until completion (an encouragement to speculate)

Is E&O able to sell? The answer is yes, as they do road shows in S'pore & Hong Kong, this kind of money is kacang to them.

 
September 29, 2010 at 5:50 PMShawn

Quayside Condominium is one of the most expensive piece of property in Penang.

For those would be first time property owners, such property development would not make their quest to own properties in Penang island any easier. Nevertheless, it is a relief to Penangites to have the Penang bridge providing easy access between island and mainland. It is common that people to commute between cities and its outskirts daily for work. Some may not consider Penang island as a metropolitan area. The fact that the vibrant electonic and semiconductor industry in Penang island is a magnet to non-residence professionals seeking employment here, the price of landed property is bound to appreciate over time. Land is scarce too after 53 or so years of economic growth and demographic change.

Is there already a property bubble in Penang? I don't have an answer. But I am sure that the mother of all financial crisis in this world did not have significant impact on the price of landed property in Penang island between year 2007 and 2009.

To those real estate owners and investors in Penang, don't cross to the dark side :P.

 
October 11, 2010 at 7:57 PMgrace

Price: RM 1 200 000 Bedrooms 2
Type: Apartments Size: 1305 sq.ft.
Title type: Freehold Tenure: -
Estate agency no: 31130
Facilities: -

PARTLY FURNISHED, E&O NEW CONDO,KITCHEN CABINET, 2 ROOM

SELLING PRICE AT RM1,200,000
PRICE IS NEGOTIABLE

INTERESTED BUYER KINDLY CONTACT
KELVIN 016.4577766
JASON 0124688566

 
November 4, 2010 at 6:02 PMkarling

1800SF, MOVE IN CONDITION!

S: 1.8MIL

KARLING 0124926919

 
November 4, 2010 at 10:58 PMjeremy tan

Hi Karling,
As far as i know, there are only 4 types of sizes.

There is no 1800 sft units.

 
December 19, 2010 at 6:09 PMbin

Jeremy, r u one of the buyer?

 
December 24, 2010 at 3:51 AMlove

>>>>>>>>FOR SALE<<<<<<<<

1800SF
Renovated interior with modern ID

call for viewing 0124332229

 
December 28, 2010 at 1:10 PMPauline

FOR RENT

FULLY RENO, FULLY FURNISH
3 ROOMS.

5.5K

Interested pls call PAULINE 019-4486277 (agent)

 
February 22, 2011 at 3:55 PMLim_soong

How's the respond ? Anyone go to showunits ?

Heard that got new offer.

Please share ....worth to buy or not

 
February 22, 2011 at 4:44 PMPenang Property Showroom

If you can get the sea facing units its worth a buy.....

 
March 15, 2011 at 11:28 AMOops,I did IT again?

Oh, we bought 1 unit there .
But , isit really tsunami area ?

 
April 14, 2011 at 12:25 AMLIM

Dear I Did It Again,
I have recently purchased a one bedroom unit at Quayside. With regards to the issue of Tsunami as far as I know was a reflective wave travelled down to Penang from Phuket.

The Tsunami that hit Aceh in year 2008 went up straight to Phuket and just like pouring a basket of water against the wall the water will flow back in reverse direction but with a lesser force so we could see that Phuket was much more devastated than Penang at that time.

Also according to the history Tsunami that hit Aceh in year 2008 occurred once in a thousand year. But with the current changing in world climate anything can happen and it is hard to predict. It is upto individual to take certain precaution as much as possible. So, after buying a property of your choice we must be always stay opstimistic and pray for natural disaster not to happen in any part of the world.

 
May 5, 2011 at 11:49 AMs_Boy

When is the Tesco Open ?
Will be happening place.

 
May 16, 2011 at 6:25 PMLIM

Hi, s_Boy, if not mistaken, the new Tesco will be opened around middle of June this year. The sign board of Tesco already put up, they are finalising the retail tenants. Just wait and hope... for new happening place...

 
May 21, 2011 at 11:01 PMcondomana

Oh man, Tesco a happening place? You guys are really deprived!! Is Penang that pathetic? Or is it just you guys?

 
August 23, 2011 at 12:52 AMameko

They going to launch another 3 blocks this yr end.

 
September 8, 2011 at 4:47 PMnathan

Yes, they are launching it gradually

 
October 10, 2011 at 5:42 PMKenta Goh

Do you all think quayside worth for invest?

Price is 878,000 1 bed room 1,137 sq.

Do you all think people will buy expensive luxury condo?

 
October 10, 2011 at 8:46 PMmax

Wednesday, September 7, 2011 - 23:08

Beijing House Prices Fell 12.4% Last Week: Official Press
BEIJING (MNI) - Average house prices in Beijing fell 12.4% last
week over the week before, the overseas edition of the People's Daily
reported Thursday, citing government data.

The newspaper cited data from the Beijing Municipal Commission of
Housing and Urban-Rural Development saying that average price of
residential housing fell to CNY20,776 per square meter last week, from
CNY23,730 per square meter the week before.

 
October 10, 2011 at 8:50 PMmax

Tuesday, September 13, 2011
Singapore Residential Property Prices to fall 8-10% in 2012

But an expert today gave a different opinion and answer. "Singapore residential property prices are expected to fall 8 to 10 per cent in 2012" said UOB Kay Hian. Huge supply of properties coming in the next 2-3 years, bad economic environment waiting for the world and Singapore combined with the government property cooling measures seems to be stronger than the zero interest rate environment promised by FED (Singapore interest rates usually follow US rates)[

 
October 10, 2011 at 8:56 PMmax

HK Property Prices Set to Fall 30% - CNBC
video.cnbc.com/gallery/?video=30000461871
9 Sep 2011
Andrew Lawrence, Director, Property Research, Asia Equities at Barclays Capital

 
October 11, 2011 at 4:24 PMKenta Goh

Max.
So you mean Malaysia property price also will fall?

 
October 12, 2011 at 12:18 PMTan H.H.

@Kenta - people are buying 800sf+ Straits Quay Service Residence at the price of RM850k above, so do u think investing at Quayside Condo is also not a bad deal?

 
October 12, 2011 at 3:22 PMElson

penang property price will not fall like our Petrol or inflation, only UP never down, lol

 
October 12, 2011 at 5:47 PMcondomana

Elson,

That statement is not true, and it is a very dangerous assumption..:)

 
October 13, 2011 at 3:56 PMRaymond Yap

Checked out the sales office today. Non sea-view studio in Blk E & D is minimum RM1 mil onwards. All sea-view studios in these 2 blocks are sold out.

They will launch Blk F in November, estimated selling price for sea-view studio is RM1200/sqf...


I am puzzled... no comment.

 
October 13, 2011 at 6:21 PMalan

These big developers will never drop the price becos they have millions/billions of dollars to hold for very long time.

Speculators still buy from developers directly becos they think that they still have 2-3 years to cushion the downturn(if any).

But, those small speculators...may not have so much of $.

So, we may potentially see price drop in subsale market.

Last year, most of the people have a common language - price sure will go up.

Now, most of the people - let's wait and see. If this consensus does not change for 6 mths...what will happen to the subsale market?

 
October 14, 2011 at 7:19 AMtan

The home loan application/approval dropped for consecutive 2 months (Aug and Sep) in M'sia.
You can check it out this new in newspaper and internet just a click.

Bank may offer better deal in near future.

 
October 14, 2011 at 7:57 AMTIMAS

Property price in Penang will not drop at the moment, either is a big jump or sustain only.

 
October 14, 2011 at 9:10 AMElson

personally, i also hope price will drop, but it seem very hard... it might slow down the price increase "crazyly" only...

 
October 14, 2011 at 9:29 AMPenang Fan

Hey, Finally found you hiding here. TIMAS you little liar and chicken, you still owe me 100K Rm meant for the old folks home, remember!

 
October 14, 2011 at 12:51 PMcondomana

Elson,

Too bad Penang people prefer to have their money stuck in low yielding properties, then put the cash into better use.

Those you had participated in the equity market with their cash in the last few weeks would have made a killing, getting far superior returns than buying "not-so-cheap" properties in this sleepy small town with sluggish rental returns....:)

 
October 14, 2011 at 1:34 PMRaymond Yap

Average selling price of sea-view unit in Straits Quay is RM900/sqf... (down from last year peak of RM1.1K/sqf).

I think RM1.2K/sqf. for the new launch is a suicide... unless there's another property boom within next 2 years.

 
October 15, 2011 at 12:15 AMjeremy tan

By the Sea by SDB at Batu Ferringhi is going for RM1000-1200/sft. Launching in KL mid November and in Penang by January next year.

Price between RM1.2 million-RM1.8 million.

If you ask me to choose between Quayside and By the Sea. I would certainly buy Quayside, given its location and facilities that comes along with it.

 
October 24, 2011 at 7:54 AMlim

Property sales slip on economy worries, polls talk
KUALA LUMPUR, Oct 24 — Property sales have fallen off their 2010 peak while investors and home buyers move to the sidelines as worries of a global economic slowdown, government cooling measures and uncertainty due to the upcoming general election start to bite.
The slowdown is most severe in the luxury high-end segment which has seen prices drop by as much as 25 per cent due to oversupply and unattractive rental yields, prompting more developers to start paying attention to the more affordable mid-market segment which is expected to be less affected by a softening of demand.
OSK Research said in a report last week that Sunway, one of the nation’s biggest developers, expects the property market to soften over the next six months while Paramount Property Development managing director Datuk Ricque Liew told The Malaysian Insider that there has been a “marked change” in terms of sales from last year to this year especially in the high-end segment.
Property analysts contacted by The Malaysian Insider meanwhile expect sales to slow from a high of 21 per cent growth last year to between zero and five per cent growth next year or even contract if the economy takes a turn for the worse.
Patrick Chay, founder of PropertyTalk & Lifestyle Malaysia, a social media platform for property investors with 448 members, said the mood among members has turned conservative with gloomy economic news and the looming general election, which must be held by the first half of 2013, weighing on decisions on whether to buy.
Paramount’s Liew said developments in the high-end segment in areas like KLCC and Mont Kiara were the most affected by rulings such as the 70 per cent cap on loan-to-value mortgages for third properties and the inability to attract tenants for rental yield as some properties sit empty for as long as 15 months or more.

 
October 24, 2011 at 11:53 AMRaymond Yap

Too many vacant units in Straits Quay, and rental has come down significantly...

Now they are adding more studio units in Quay Side.

For own use or as 2nd home is fine, if you have the cash. For rental return and further capital appreciation... I doubt.

 
November 14, 2011 at 9:28 PMHappy Buyer

Tower 1F just launched, with the entry price for the sea facing unit at M$1200 psf and comes with a 10% early bird discount and more discount for bulk purchase

The sale opened today and many units were sold.

 
November 14, 2011 at 10:07 PMsad

Hi Happy Buyer,

Don't do that. You made this property look cheap. E&O and there hardcore fans won't do that. They have class. Are you from E&O sales and marketing?

Just wondering who can I talk to , i am interested in bulk purchase.

 
November 15, 2011 at 8:45 AMAC

Hi Sad, just pay a visit and they will serve you tea, etc with high respect and detailed explanations if you are the genuine bulk purchase buyer. So, you need
not to wonder more, action now by walking in their sales office and you will be
spoon-fed with correct details rather than getting it from this column.

 
November 15, 2011 at 9:31 AMsad

Wow! fantastically, awesome projects. Shout out to all investors and speculators. They openly declare RM1200psf meant for bulk buyers. Very ethical and established developer.

Please do the right thing....marketing dept. Although, not many people might be able to buy in bulk. But people still have brain to think. Opening up to bulk buyer will lead to speculation. the consequences or effect might not happen now but future. you are also being label as a speculators projects like some developers in Penang (XJM...hehehehe), you will also cause some unhappy potential single unit purchaser.

Foreigners (I guess this is your target group) will shy away unless they are only renting this place.

Now i am wondering and have doubt on their brandname. To be frank i am not a bulk purchaser but already a registered customer who is interested in this project. But i did not even received any call from them.

Please show some differentiation not only in your product but also in the way you market it.

Doubt, doubt, doubt, and it surprise me if they actually do that.

Well. good luck to the rest. i will uncheck it from my hunting list.

Cheers

 
November 15, 2011 at 6:38 PMlim

4-Nov-2011
AMD announced yesterday intentions to lay-off 10 per cent of its global workforce, along with the termination of existing contractual agreements, in an effort to make $200 million of operational savings in 2012.

3-Nov-2011
SAN FRANCISCO—NOR flash memory vendor Spansion Inc. will cut 750 jobs, or about 20 percent of its workforce, in connection with cost-cutting measures announced last week, the company said in a regulatory filing.

 
November 17, 2011 at 1:05 PMCitysleeker

SDB has launched a new condo at Batu Ferringhi (next to Hard Rock) for RM 1,300psf!!!

Welcome to the new pricing....

 
November 17, 2011 at 4:47 PMcondomana

SDB is very smart, buy a piece of cheap land far far away from city with a dirty river running right through it (i believe SDB paid only RM 120/sqft for the land), and polish the land up by "cleaning" the dirty river water before it flows into the project, and then sell the units at RM 1300/sqft...:)

Can SDB sell the units? I believe it is possible because (1) there's only about 130 units
(2) SDB's rich relatives would have bought 20% of it by now (3) sell another 20% to dumb ass foreigners who buy with eyes closed.

With such margins, SDB would have broken even by selling 40% of the units..:)

Just hope and pray that someone is going to maintain the "machine" that is suppose to clean up the rat urine contaminated river water, trust me, Malaysians are not that good at MAINTENANCE"..:))

 
November 30, 2011 at 10:03 AMcondomana

http://www.bloomberg.com/news/2011-11-29/shanghaied-home-buyers-turn-protesters-as-shattered-dreams-vex-government.html

Shanghaied Home Buyers Take to Street

........ he joined more than 100 homeowners rallying in front of the development’s sales office. His transformation from newlywed to street protester came after China Vanke Co. (000002) slashed prices for future buyers at the Qinglinjing complex, erasing about 20 percent of the value of his three-bedroom unit overnight......... “Developers’ profits are outrageous. The price they set when the housing market kept going up was far more than the real value.”

Deng’s anger underscores the dilemma facing China’s government as it tries to cool the property market. If policies such as increased down payment requirements don’t go far enough, it risks a housing bubble; if it pushes too hard, it may provoke the ire of a new generation of middle class “fang nu,” or housing slaves, in a reference to the lifetime’s work needed to pay off debts.

 
January 13, 2012 at 8:40 PMRC

Compared to golden triangle and other prime areas(eg. Solaris Dutamas)in KL, i think Straits Quay and Quayside price is reasonable.

 
January 19, 2012 at 12:53 PMLim_soong

yes RC
agreed compare the seaview & location

Anyone have the latest price & package ?

 
April 11, 2012 at 9:27 PMCherri

would feel very scared if there's earthquake in sumatra...like today, acheh...

2004 this area was hit badly by tsunami...plus the whole seri tanjung pinang is the product of the reclamation project... really concern that the ground structure is not stabile...

even today, after the earthquake in sumatra there.... the TESCO in Seri tanjung Pinang already evacuate all the shoppers and close shops..

i very kiasi 1... one small studio apartment so expensive, summore have to worry about the land structure or tsunami...

 
April 12, 2012 at 12:18 AMPenang Fan

Many buyers do not expect another Tsunami for another 100 years but with the Global warming earth quakes and Tsunami can occur more often. I wouldn't live there as I will be worried sick whenever there is an earth quake. Better buy properties on higher ground and non reclaimed by the sea.

 
April 12, 2012 at 1:01 PMcondomana

Last night, those who own E&O properties were all praying very very hard under god's mercy. 8.9 richter scale was no joke. The word "of the coast of Acheh" sent shivers down their spine. An after shock of 8.6 richter scale 2 hours later practically sent all those security guards home to pack up.

But god was merciful last night. He ordered a horizontal displacement instead of vertical. This must be an omen to warn E&O of their evil doings of selling ugly looking condos at RM1000/sqft....:)

 
April 13, 2012 at 12:49 AMjeremy tan

for starters, what we experienced was a result of an earthquake 6539 miles away, the correct term for it would be tremors aka jolts of earthquakes. If we were to experience a real earthquake, no buildings will be spared because all properties in Penang does not adhere to the seismic code of American, British, Indonesia etc. The only up coming project that i know that adheres to all these codes is by the Sea by SDB.

So why worry so much about an earthquake, when you know that everyone is going down in flames with you. Yes everyone, no one will be exempted.

I am talking about a real earthquake and not the tremors that we have been experiencing.

I will be more worried about a tsunami but if you are staying in a condo, you are pretty much protected.

 
April 13, 2012 at 11:29 AMcondomana

Hi jeremy,

Yes, Penang people (especially those staying in STP) were worried about Tsunami but not earthquake..:) A vertical shift of this scale 6000 miles away would have created a sizable tsunami (probably enough to cause serious damages to those landed STP houses and E&O condo construction site). But it was a horizontal slip that night. Therefore no tsunami.

Hmm..you must have been busy praying that night and not following the news.

 
April 13, 2012 at 12:05 PMtwyeow88

we experienced tsunami at strait quay b4. do you think Penang bridge side is as expose as strait quay? coz i m still thinking of penang world city project by ivory.

 
April 13, 2012 at 9:01 PMCherri

erm jeremy, we're talking about earthquake in sumatra n tsunami in penang; no 1 is saying earthquake in penang.

hahaha...so u're not scared if earthquake cos everyone else is dying with u?? so tht's the attitude of all STP purchasers??! shall i call that positive thinking??

if tsunami, those in STP will MOST PROLLY be the 1st ones being washed off or the whole sampah land will crack n separated frm the penang island...
n for condo of STP, yeah, may be safer...watching everything kena sapu under ur feet...

 
April 13, 2012 at 9:41 PMPenang Fan

If I live in any landed STQ properties Double/Triple storey I will be worried sick every time there's an earthquake or even tremor(tremor could mean a big quake somewhere further and can be a big one that wakes another Tzunami). Living on edge as I see it. Even the high rise condo can be swiped away if the Tzunamin is a big one. Tall building are build to stand but with horizontal weight like splashing of a Tzunami there is no chance. Look here any property facing the open sea(North of Penang) can be victim. East coast Penang is safer with mainland opposite protecting it. I don't need these added stress. I anticipate some panic selling soon.

 
April 13, 2012 at 9:56 PMjeremy tan

Hi Cherri and Penang Fan (from Platino),

For starters, tsunami doesn't split land into halves. Earthquake does. If that happens all the properties in Penang will go down in flames.

Secondly, according to the meteorological department, tsunami doesn't hit the same spot twice. It might hit Penang but the chances of it hitting the same place again would be close to NIL.

They have a data of all the tsunamis that happened in the past since the 18th century and it has shown that none has hit the same spot twice. It might hit spots that has not been hit before.

Hence, the chances of STP being hit is close to NIL since it has been hit before.

Panic selling? Maybe if the owners are not aware of the facts about tsunamis.

High rise buildings being swept away by tsunami and the building can't withstand horizontal weight like splashing?

Number one: For us to experience a tsunami of that magnitude we probably have to go through a massive earthquake. Yes an earthquake and not just tremors. Secondly, we do not fall into the earthquake zone. Thirdly, the tsunami that hit japan average from 4-6 meters high. Condos will be protected above this heights.

Even if we were to be hit by a tsunami it will be less than 1 meter high and probably travel less than 1km inland.

Hope that clarifies all your speculative doubts.

There is no need to panic sell yet : )

 
April 14, 2012 at 12:45 AMcondomana

Panic selling I am not sure lah, but if I were to look for a property now, those landed in STP do look risky (specially those terraces & Bungalows at the edge), and if one does a risk to price comparison, STP landed houses might be pushed down to the bottom of the list....:)

 
April 14, 2012 at 11:26 AMsokohaw

Will or won't hit 2nd time, nobody dare to guaranty. But why take d risk to leave there while we still have many choices in pg? Bottom line, those who know what had happened in 2004 in that area will always pray hard whenever they hear "earthquake" near northern Sumatera, don't they? Worth it? After paying so much for the property?

 
April 14, 2012 at 12:38 PMKevin

wow... jeremy Tan...i think you shouldn't blindly conclude that Tsunami will not hit the same spot twice... past data do not represent the future data...

:)

 
April 14, 2012 at 2:31 PMYunos

No one can predict what nature can and will do and the devastation it will cause, if it happens once it will happen again, if there is one, theres two and if theres two, there will definately be more and no man on this planet will beable to stop it.

 
April 14, 2012 at 3:35 PMtwyeow88

probably those near main road are still ok, at least not so expose. let's see got panic selling, grab one with deep discount.

 
April 14, 2012 at 11:19 PMCK

Wah, you sure or not... After so many negative feedback you still hoping to get one with deep discount...

BTW, wait long long ya....;p

 
April 15, 2012 at 12:06 AMjeremy tan

I am just saying based on 2 centurties of data : ) at the end of the day, it is up to mother nature.

Nevertheless,basic rule is to buy into panic and sell into hysteria.

I wouldn't be worried about phase 1 of STP since they are going to have phase 2 in front of phase 1.

Phase 1 will appreciate further. If there is panic selling I would personally buy another 1.

 
April 15, 2012 at 12:07 AMCherri

jeremy,


-i din say split into halves, i mean just the sampah reclamation ground separated from the island, and i said IF.

-BTW, no need big magnitude of tsunami... just some sea mud or sampah into the car porch will alr cause panic sell, AND decrease of price of the whole STP properties.

 
April 15, 2012 at 12:27 AMtwyeow88

be greedy when others are fearful, be fearful when others are greedy.

富贵险中求。

 
April 15, 2012 at 3:34 PMIshihara

Brace for the big one - New Straits Times


KUALA LUMPUR: MALAYSIANS should brace themselves for the possibility of a major
earthquake closer to the nation’s shores as scientists predict the occurrence of
a massive one in the region of Padang, Sumatra, at “any time”.

The giant temblor is expected to wipe out the entire Padang province and
underscores the urgent need to ensure buildings in this country are structurally
strong enough to withstand the tremors.
“It can occur at any time now or in years to come. We are worried because Padang
is closer to us. The recent Aceh earthquake was quite far away, about 800km from
Penang. But if it occurs in Padang, it’s only about 300km from Kuala Lumpur,”
Malaysian Meteorological
Department senior director Dr Mohd Rosaidi Che Abas told the New Sunday Times.

“If it has the same magnitude of 8.5, the tremors will be strongly felt here.”
He said increased seismic activity in the region caused by recent major
earthquakes, including Wednesday’s 8.6-magnitude earthquake which hit Aceh and
the aftershocks, were adding to the stress along sections of the subduction
zone, especially the Padang fault line, which sits where the Indo-Australian
plate meets the Eurasian plate.

Rosaidi said seismologists were now worried about the Padang fault line as it
was “already due” and last Wednesday’s earthquake could increase the pressure
along it and speed up the occurrence of an earthquake.
“We worry that there may be a segment where the energy has not been released yet
and the recent earthquakes may put additional pressure on it. Once it has
accumulated enough energy, it will be released as a bigger earthquake.”

Scientists believe that the build-up of stress in the area, which has been going
on for more than 200 years, can cause a major earthquake and a tsunami which
could wipe out the whole of Padang.

On Friday, Reuters quoted the director of the Earth Observatory of Singapore
Kerry Sieh as saying that Wednesday’s earthquake was a “once-in-2,000-years
event” and it increased the risks of a killer quake in the region.
Sieh said that although Wednesday’s quake caused only a few casualties and
triggered small waves, the main problem was that it would have increased stress
on the plate boundaries near Aceh, increasing risks of another major earthquake
in the same area as the 2004 disaster.

 
April 15, 2012 at 9:27 PMcondomana

wow, now only I realize how lucky was I to be still alive after wednesday's earthquake.

 
April 15, 2012 at 10:36 PMKevin

well... everytime there's earthquake somewhere around at Indonesia...those living in high rise residential area will feel it...especially those living in higher floors...

and yet... we still see ppl continue to buy condos and apartments...

oh well... i guess it's OK to get panic and run down many floors once a while every few years...

 
April 15, 2012 at 11:09 PMjeremy tan

The story provided is not complete.

1 of the Missing parcel from NST's report by Isharara:

"However, Rosaidi said although strong tremors would be felt in the Klang Valley if the epicentre of the quake was near Padang, there would be no danger of buildings collapsing."

We are not the epicenter but we experience tremors and aftershocks.

Like what i have mentioned, if we do experience a real earthquake , none of us will be spared since our buildings are not built according to the seismic code.

It doesn't matter where your property is located, you can say goodbye to it if it happens.

Maybe that explains why people still buy properties in Malaysia, we don't fall into the earthquake zone.

Also according to the NST article:
"If the earthquake occurred at a depth of less than 100km, it could also trigger a tsunami, but because the country was shielded by Sumatra, the impact would be minimal."

Like what i have mentioned, the tsunami would be less than 1 meter in height and travels less than 1 km inland.

Provided you are expecting the world to end, if not, business will be business as usual in Malaysia.

 
April 16, 2012 at 12:32 AMtwyeow88

i experienced once in Lima when earthquake strike Peru in 2007, in Pisco, a town 100km+ away. run down 13-14th floor with wall cracking, falling objects and trembling. felt the building sway. it's really scary. though it wasn't in the epicenter but close enough, it was as good as earthquake.

i agree to stay on low rise

 
April 16, 2012 at 12:54 AMIshihara

Shelter from tremors < Sunday Star >

Is there a need for quake-proof buildings now that Malaysians are no longer
immune to earthquakes?

Tremors were felt all over Peninsular Malaysia, from Perlis to Johor on
Wednesday after a 8.6 magnitude earthquake hit the northern eastern part of
Sumatra in the late afternoon.

People in several shopping malls in Penang and the main government hospital in
Kuantan were evacuated following the tremors.

Over the years, Dr Norhisham Bakhary, a researcher from the Engineering
Seismology and Engineering Earthquake Research Group (E-Seer) of the faculty of
civil engineering, Universiti Teknologi Malaysia, has been warning about the
impending danger of earthquakes to Malaysia.

“We are not immune to earthquakes now,” he opines.

He says that for the time being, our buildings are able to withstand the extra
load induced by the current earthquake load.

“But if the load keeps on increasing, I don't know what will happen.”

Dr Norhisham says that currently, only KLCC and Penang Bridge are earthquake
proof. He adds that the second Penang Bridge which is being constructed will
also be earthquake proof.

He believes that we are not in imminent danger now but says we should not be
complacent in thinking that Malaysia is free from the damage that earthquakes
cause to our neighbours Indonesia and the Philippines.

Dr Norhisham points out that the 1985 earthquake devastated Mexico City although
the epicentre was more than 350km away.

“We are not very far from one of the world's most active earthquake zones.''
Sumatran effect

Earthquakes are the agent of brittle rock failure.
Dr Norhisham explains that sites with deep soft soil or loosely compacted soil
will have stronger ground motion compared to sites with stiff soil, soft rock or
hard rock.

Citing the example of the 1989 Loma Prieta Earthquake in California, Dr
Norhisham points out that the shaking in the San Francicso Marina district was
three to four times stronger than the area closer to the epicentre of the
earthquake.

Meteorological Department senior director Dr Roshaidi Che Abas says that any
earthquake of at least 6.0 magnitude in the two zones mentioned would have an
effect on Peninsular Malaysia. The biggest earthquakes recorded in the Sumatran
fault and the Sumatran Subduction zone had magnitudes of 7.6 and 9.1
respectively.

Dr Roshaidi, who is also the department's geophysics and tsunami division
director, says the latest Aceh earthquake occurred about 800km away from Penang
and Klang Valley. It caused several buildings to have cracks on the walls,
although these are not structural cracks.

“It would be worrying if the earthquake occurred closer and the magnitude was
greater.”

“We never heard about buildings moving before. We have to be ready for any
eventuality,” says Dr Norhisham.
He explains that in the construction of our buildings, the effects of an
earthquake are not taken into consideration.
Our buildings, he adds, are only designed for a top or “normal” load and not for
a lateral or side-to-side load which is caused by earthquakes.

Dr Norhisham believes that the Indonesian earthquakes could trigger the inactive
fault lines running in Peninsular Malaysia.
His opinion is based on a report of seismic fault in Sierra Nevada, the United
States. In the report, the fault line that had been quiet for three million
years became active and capable of triggering strong quakes with magnitudes of
between 6-7. He also cites the example of a 6.3 magnitude earthquake that
occurred in South Australia last March, the strongest earthquake in Australia in
15 years.
“That place was previously very quiet and not considered to be active,” he says.

Dr Roshaidi says that Malaysia's West Coast from Perlis to Selangor is at risk
of being hit by tsunamis.

 
April 16, 2012 at 9:12 AMcondomana

I think to say we are totally isolated from earthquakes is probably not true, as msia has been experiencing mild tremors from time to time.

But the chances of an earthquake big enough & near enough to destroy tall buildings is probably very very low, surely lower than getting knocked down by a car when you cross a road in Penang, or die of a heart attack when playing badminton, and as low as dieing in a plane crash (I'm sure statistics can prove that)...:)..Before you get worried enough to stop crossing the road, play badminton or going on an airplane, you probably should just continue with life as usual. But when you do, you might want to consider professional help first before deciding to move house...:))

 
April 19, 2012 at 4:36 PMAC

The area is not cheap and some more prone to Tsunami especially around the Tanjong Seri Pinang area. The houses and condos there are very pricey and why should we risk ourself? So, if you guys are thinking of buyer a second house in Penang island, please consider some where far from the sea especially the Northern area. Else, you will be no where to go as the past week Tsunami alert. People are being warned not to go to the place near the sea. So, what to do if all your houses are concentrated at the Batu Feringghi and Tanjong Tokong/ bunga area? So, pls be smart and wise for your next home choice location. Go for the inner part (higher land) of the Penang island.

 
April 20, 2012 at 1:20 AMcondomana

Hi guys,

Check this out. I think this owner has been freaked out by this tsunami thingy.
----------------------------
Which only consisted of 8 storeys and total of 30 units, a low density Condominium located along T.Bungah, Tanjung Beach.

- Unit partly renovated
- Low floor
- Price is negotiable
- rare unit in market
Selling Price MYR 938,000
State Penang Island
Location Tanjung Bungah
Property Type Condo
Address
Tenure Freehold
Built-up Area 1888 sqft
Land Area -

 
April 20, 2012 at 7:01 AMfrogprince

A check on iproperty saw this unit at Tanjung Beach has been advert since March. So probably not a reaction of tsunami...

 
April 20, 2012 at 7:16 AMjeremy tan

i checked on iproperty as well.

I do think this tsunami story has been way overblown by those who hopes for a reduction in property prices around that area.

Look at the up coming new launches and you can tell that prices are going for RM600/sft onwards

UDA up coming 4 blocks of condo: RM550-600/sft onwards.

Jazz residence (fully sold before launching) : RM600-800/sft onwards

Landmark by Katana next to precinct 10 : RM800-1000/sft onwards.

Marina residences next to Jazz residences: RM600/sft onwards.

Nusmetro JV with UDA project: RM600/sft onwards

 
April 24, 2012 at 12:47 PMLIM

Dear friends, life live short, incidence can happen anywhere at anytime so why worry about earthquake and Tsunami? Live the fullness and enjoy the happiest moment in your life at anytime and anywhere. Be kind to each other, help each other and be a good human with kind hearted throughout your life. Cheers.

 
April 24, 2012 at 2:03 PMtwyeow88

sounds like a preacher, but good stuff man!!!

 
April 30, 2012 at 10:46 PMLIM

Hi twyeow 88, thanks for your compliment, i have no regards in this dispute, just my personal point of view.If you like it, i will post more theory from my personal life experience. From Uncle Lim.

 
September 12, 2012 at 1:09 PMRaymond Yap

Since this project was sold with 10%/90% scheme... I am hoping to buy a studio unit at cost price (or lower) in the sub-sale. My target is RM700/sqf for gurney view & RM800/sqf for sea view.

I might be dreaming, never the less, I am keeping my finger cross.

 
September 12, 2012 at 2:08 PMjeremy tan

Hi Ray,

Could i say the same for the Light project? it was 5% down payment 95% loan with DIBS?

Besides, i bought this Quayside with a 50% loan and i paid cash 50%. Apparently, not everyone is eligible for the 90% loan since they calculate your loan eligibility based on your gross income even though you are cash rich.

Just saying.

 
September 23, 2012 at 3:44 AMmark

Jeremy,

Marina residences and Nusmetro JV with UDA project actually is a same project now named Marinox Sky Villas

 
September 23, 2012 at 7:53 PMjeremy tan

Thanks for the clarification Mark.

Heard that block A is fully sold and now they are selling Block B.

 
December 11, 2012 at 11:29 AMrocco ho

How much is a mid to high level unit cost now?

 
January 13, 2013 at 3:34 PMPear M

Thanks for posting the photos Jeremy!
Looks like the water park is coming along very nicely. Does anyone else have any updates regarding completion, latest pricing, etc.....?

 
January 13, 2013 at 9:31 PMjeremy tan

You are welcome Pear : )

According to the people from the sales office they should be handing the keys over before the end of February. However, from the looks of it i doubt they can make it on time.

 
January 14, 2013 at 10:23 PMPear M

Hey Jeremy,
Thanks for your reply!
I wonder if you could answer my question regarding the pricing? In your opinion, what do you think the sub sale pricing could be? I've been reading other blogs and it seems that other developments have been sold/selling for similar or even higher prices when I feel E&O has done a good job on promoting the lifestyle concept of Quayside/Marina which is pretty exclusive.

I am an overseas Quayside investor so since I don't live in Malaysia, I do try to keep my self updated by reading Malaysian property blogs.

Cheers

 
January 14, 2013 at 10:38 PMjeremy tan

hi Pear.
You are welcome again Pear : )

If you bought it early when they first started selling it back in Jan 2010, it should be safe to say that there should be a 30-40% increment from the original price. Some would argue that it is worth more than that now. It really depends on the view and the blocks. Sea view units would usually fetch a higher price.

Hope that helps : )

 
January 15, 2013 at 12:29 AMPear M

Hey there Jeremy,
Appreciate your prompt and informative replies, you've been very helpful, thank you!!!

Cheers

 
July 26, 2014 at 11:28 PMJoe Pang

nice facilities

 
July 28, 2014 at 11:18 PMpenang island

Monthly maintenance cost number also nice : )