The Golden Triangle (Commercial)

The Golden Triangle is located in Relau, Penang, a mix development project by G.I.M Smart Venture Sdn Bhd consisting commercial and residential units. Phase I comprises 2 & 3-storey shop office.

Property Project : The Golden Triangle
Location : Relau, Penang
Property Type : Shop Office
Tenure : Freehold
Developer : G.I.M Smart Venture Sdn Bhd


June 26, 2010 at 3:15 PMsummerblue

how much the selling price..nice...where the show house?

June 26, 2010 at 4:14 PMJin

Their office is at D'Piazza mall. Soft launch is this morning. Donnu about the sale, but there're really lots of people.

June 26, 2010 at 5:13 PMeunice

Q 12 hours to book a unit.

June 26, 2010 at 5:26 PMNgoh


June 26, 2010 at 5:55 PMPen

I-tower ~100% grabbed with $238psf today. And they launched G-tower on the same day with $256psf, what an opportunist developer, overpriced given at that location. I gave up my reserved number. I rather go buy D'Piazza at ~$270psf now, and ready to stay in.

June 26, 2010 at 7:18 PMIvan Lim

actually is 265psf for the G-Tower... D Piazza need a lot of renovation to stay... thinking back.. D Piazza got 2 car park for the same price as the G-Tower with only 1 car park...

June 26, 2010 at 7:53 PMwolf

is resident tittle or commercial?

June 26, 2010 at 8:11 PMJin

wow...last week, launch elite heights...sell like hot cakes, this week launch golden triangle, sell even hotter!....

June 26, 2010 at 9:14 PMgozilla

Huh??? hotcaked? no.... penang poor ppl is getting poorer.banker and developer getting richer....price n interest getting higher.... ori price 280k after loan 560k wif 90/80%....

June 26, 2010 at 9:20 PMSteven

what is so big deal about selling like hotcake when ONE NO NEED TO PAY A SINGLE CENT TO BOOK A UNIT??????


June 26, 2010 at 9:31 PMsummerblue

still have stock o not?????????hahaha..

June 26, 2010 at 9:55 PMTan

I was there this morning, long Q, nopoint to invest @ fload and small triangle area, congested, foreign workers surrounding, coffee shop...not a good place to stay. If want to buy this better go for BayCity..must more better, new town.

June 26, 2010 at 10:03 PMhope

BayCity? Is it new housing project?

June 26, 2010 at 10:11 PMpenang kia

Too already jam, next time???

June 26, 2010 at 10:23 PMTan

Bayan City (my typo) just launching last week. project will be behind Giant Bayan Baru...

The price is from RM380++ & above for condo, free hold, all 1200SF and above...

You can visit their office @ bayan Bay (new office shoplot, next few door from Apex coffee..

June 26, 2010 at 10:55 PMeunice

Pen, any unit at D'Pizza sell at RM270psf? If yes pls do let me know. Thank you.

June 26, 2010 at 11:57 PMPen

Eunice: check out or this website's D.P section. Most are selling ~360-370k for 1300sf with 2 carparks. The carpark ori price is $12k, I expect it proportionally raised to ~$15k. $360k-$15k=$345k (for the unit alone). $345k/1300 = Do the math....


June 27, 2010 at 12:11 AMPen

Ivan Lim: I was there at 3pm, they were selling from $256psf (from the bottom floor) for G-tower. If they really raised further till $265psf in later afternoon I may not be awared. If that was the case, this developer is really too much.

I have to agree, Elit Height is a better choice when the price of TGT became >=$256psf at Relau, even D.P. has become cheaper with more strategic locality.

If they priced all towers at $238psf, I may get 1 unit. If >=$256, No No No.

June 27, 2010 at 12:48 AMIvan Lim

Pen : Yes. They denied saying 256sqf... they price it at 265 for all G-tower... no need to pay to book is really benefitting the developer and not the buyer... even those with no intention to buy even no unit that they like they will just book a unit just for the sake of waiting for the whole day...

Somemore, those with higher number get to go in and do the booking while those with lower number still waiting outside... i caught a few doing that and do a complaint... but they didnt take the complaint and just stand there doing nothing... luckily the manager was outside so then he go in and take it seriously and reject those who went in with higher number... the sales girl even worse... she knows that but she don't care, she tried to cover for them somemore... that girl really too much... didnt follow the manager intruction...if i know the girl name i sure publich here 1... she is in charge of the I-tower sitting at the round table by the window...

June 27, 2010 at 1:29 AMNgoh

if those who want to let go their booking unit later on, are they return it to the developer (and developer call those in waiting list), or they can directly release to someone that willing to pay some 'premium' to them?

If it is the latter case, then I understand why today soooooooo many people grabbing it ^_^ [This scenario happens to some condo before signing the SnP with the 'premium' involved worth 3-6k, good way to find easy $$ huh...]

June 27, 2010 at 1:41 AMbryan

doubt the profession of this so called listed Company, their staff not even can speak english well.

Agree with someone above, booking without a single cent, of course will sell like hotcake. People after go back will probably cancel the booking later.

to me, this location is so so unless the T-junction become cross junction where it connects to PIZA directly. Personally I doublt on the capability of this developer, i went to their OASIS project site ( a project sold out since last year) , guess what, i see nothing except compound is covered, no land clearing, no construction, no people, no truck.

June 27, 2010 at 9:05 AMIvy Chai

i see most the staff comes from ideal properties, not sure this is a subsidiary of them?

June 27, 2010 at 9:28 AMPen

Agreed on the staffs quality, bad logistic arrangement, no detail of property info of G-tower before release, under staffed & many "don't know" staffs may be just temperorily/last minute hired. You asked them 10 questions, they said don't about 9. The standard answer is, I don't know, you hv to ask ppl inside, when u go for the ppl inside, they said say we are busy, do ask the ppl outside. I ended up walked away. Hahaha.

Contrastly different from Seal (Elit Height developer).

June 27, 2010 at 9:32 AMtan


Check today (27-June) Kwong Wah newspaper. There are 1,300 sqft of DPiazaa at RM330K and RM345K. (Not sure the level and number of carpark)

June 27, 2010 at 9:38 AMPen

Well well well, if some of the TGT buyers are reading the posts now, they will probably start cancelling the booking starting tomorrow. Penang has too many kiasu buyers, this will lead us to property bubble very soon.

We really must do comparison before buying. Many of the DP owners were surely laughing there when they saw the response on sales of TGT yesterday. Off cource DP has several bad points too, especially the quality & layout design.

June 27, 2010 at 10:58 AMLee

GIM is also coming to Penang to grab the property "cake" before the bubble burst?(perhaps the burst wont happen soon yet).

What i saw was the GIM is not well prepared at all for this so called "Preview" of the condo units. Releasing G tower at last minute due to the "overwhelming response" even though thay said it will only be released for booking at the end of year! Then one staff told me both I n G tower will be built simultaneously.Making decision so fast!

I wonder if today they will even release the third building for booking as well?

June 27, 2010 at 12:16 PMwolf

.fully booked....but i do not think all is serious buyer, i heard one guy shout his wife go inside "cincai" pick family book few unit, due to not booking fee needed....really "SP", book for "song".....

June 27, 2010 at 5:09 PMPen

Both TGT & Elit are having concept with shoplots located at the bottom of the condo. Shoplots are all on commercial title, how can you have a piece land which has house 2 type of land title in TGT. If this is possible, I just wonder why Elit can't covert the condo into residential title to attract more customers & put up the price even further... Puzzle me.

June 27, 2010 at 6:20 PMpenang kia

Can someone pls confirm to me whether this is residential or commercial title? What i seeing here, TGT is also category into commercial land title. Else, developer shuldn't build the shoplot together with the condo....

June 27, 2010 at 6:51 PMNgoh

this is the first Penang property that I see with commercial title at shoplot below + residential title at condo above..... do we have such thing before???

June 27, 2010 at 6:55 PMPen

Hi Mr Business of Cari Forum, are you able to gather some more info about this topic? Its very interesting.

June 27, 2010 at 6:56 PMdavid

Hi All,
this is a very fish..ish developer,:-

1) stuff are from Ideal Developer (a bad record developer)
2) this developer used to name as Oasis Outyard Sdn Bhd. Now change to GIM venture Sdn Bhd. Hmm.. something fihs..ish here. btw, GIM group? never hear before, no website like SEAL (Elite height developer)..wondering how big is this so called company groups...

3) Oasis project sold out a year ago by this developer but now not even start. scary..

4) someone are right, the condo is comersial title. They are trying to hide from buyers.

June 27, 2010 at 7:28 PMIvan Lim

This sounds interesting... all of us as buyer should get together and boycott those developer who is trying to cheat us...

June 27, 2010 at 8:37 PMK

The developer keeps stressing that the condo is residential title, during the property fair 3 month ago and during preview on last weekend. No one should be worried. Cheer up.... Just check the S&P before signing it.

June 27, 2010 at 8:40 PMstanvy

We do have mix commercial and residential in penang here - good example is Ivory Plaza by Ivory Group, and another one which has a separate building but at the same piece of land, which is i-regency

June 27, 2010 at 11:15 PMJohn

a booking without a booking fee needed ? surely there will be some term and condition when signing s&p. And confirm this is the commercial lot as it build on top of the shoplot. anything build seperated from the shoplot will be called mix development, other than that, same building, sit on same structure, will not run away from commercial title. I still wonder how they can sell at this low price ?

Price of Dplazza surely impacted by the sale of TGT.

June 28, 2010 at 1:44 AMma

Hi all, i personnally really seriously think that something wrong with this GIM developer.

1) many 'hidden' thing.nobody ask abt the maintanance fee, 2nd car park fee ...(nobody care because this is FOC booking) Infact This is a very SERIOUS thing for a buyer to consider!!the so call GIM staff told buyer thats 'should be' a fixed rate of RM180 maitanance fee/month for all type, but in the afternoon abt 6pm they said 'should be' RM0.20/sqft for maintenance..what???

2) why need a "preview" with no booking fee? THis will impact serious buyer.I can see 1 family registested for few units, but actually do you think they wanto buy so many? this is just their strategy to pick an 'ideal' unit, becoz they can later decide to drop off the rest. Serious buyer will get impact by this nonsence & not able to get the right unit. then later serious buyer also drop off their unit because cant get the correct unit.

3)Think abt this -what & how the developer will do with the drop off unit later? Will they open those drop off unit when they really launched?with what price/package then? early bird price or what?
Wasting OUR time and their time..

4) have u think that this preview actual intention?? they want to Test market ,n SEE buyer response. no standardization. Previously told that 26/27 June price is RM 238/sq ft. but suddenly 'launched' G tower n someone announced RM256/sqft.but due to high demand,when ppl got in tht lady said nono,its Rm265/sqft..So Many ppl outside heard the wrong thing??or the speaker said the wrong thing??

June 28, 2010 at 2:19 AMma

1 word-> Luang lai!!! (buyer n developer)

anyhow I successful booked the unit i wanted after the war.just dont like the way developer treat us as a buyer-serious buyer.

really a war.after few hours Q,when u finally got into the office.heart attack when see every unit been sticked with red colour every second.yes its every second! dont even have time to blink ur eyes. becoz noneed to pay, a husband n wife each person booked 1 unit.if u think somemore,nothing left.

y GIM want to do double work? A Preview before soft launch? their stuff told me becoz they not yet get the license tat they cant accept our booking$. in this case, y dont wait till got the license oni prelaunch? becoz of no confident of their project??

June 28, 2010 at 8:59 AMandy

It's because the developer just want to testing the market. Seems like the respond is very good, I think they will increase the price later.

June 28, 2010 at 9:40 AMIvan Lim

ya...26/27 June should be early bird price... I can see that more than 50% will drop off when they are to sign the SNP... then it will benefit the developer by releasing back to the market with higher price?

June 28, 2010 at 10:27 AMma

Can somebody share with us if you have idea what happen to Oasis project that has been sold but not yet started construction?

n hows the backgroud of Ideal developer ,y their staff 'hired' by GIM on that day? I thought developer supposed to be competitor ...??

your adv will be very much appreciated n helps.

June 28, 2010 at 7:37 PMsky_wei23

everything have to wait until you get to sign the snp...otherwise we are just guessing. As for Ivan lim said that will 50% ppl drop their booking, i dun think so! Most ppl buy for invest and they never easily to let go the chance to earn money if you stay at relau before you will seem many ppl are still rental at there.

June 28, 2010 at 7:44 PMjackynkc

i agree with sky_wei23 what he saying.if really 50% drop i thing also have alot people want it.

June 28, 2010 at 8:58 PMpenang

we may see bubble soon condo. too many incoming supply. obviously developer hungry for sales and not confidence on take up rate.

June 28, 2010 at 9:32 PMIvan Lim

in Penang, how much psf is the standard for condo?

June 28, 2010 at 9:39 PMsky_wei23

I think standard Rm300/psf...
Southbay project condo they gerong until Rm400++/psf. E-gate also got one project Rm500++/psf. If compare on TGT the price already reasonable.

June 28, 2010 at 11:00 PMIvan Lim

i cannot imagine buying a condo at RM500+psf... how can i check on the development around TGT? Is it koperasi that is going to expand the road around there to solve the traffic problem?

October 4, 2011 at 5:04 PMElson

grab butterworth project then if feel penang island are overpriced.... u have choice... ^^

November 24, 2011 at 3:40 PMElson

hoho, any news about this project?