Arena Residence


The Arena is a new property project development located at Bayan Baru, Penang comprising Arena Residence and Arena Curve (retail shop).

The Arena Residence comes with four layout types with built-up area ranging from 1,250 to 1,450 sq.ft. There are six units in each floor. Every unit has 4-bedrooms and 2-bathrooms. The facilities at The Arena Residence include swimming pool, gym, BBQ Area and landscapes garden.

Property Project : Arena Residence
Location : Bayan Baru, Penang (Property for sale & rent in Bayan Baru)
Property Type : Condominium (Condominium for sale & rent)
Built-up Area : 1,250 - 1,450
Developer : Golden Virtue Capital Sdn Bhd








116 comments

March 18, 2011 at 9:01 PMJack

Overall this project is better than Elid.

 
March 18, 2011 at 9:24 PMMashimaro

how much per sqft ?

 
March 18, 2011 at 9:31 PMdonhue

there are 2 blocks.. 1 is commercial title, another is residential.. the one with the residential title was selling from RM 360 per sqft..

 
March 19, 2011 at 4:55 PMlaw

the one wit residential title is only 6 units per floor...

 
March 19, 2011 at 10:22 PMproperty guy

too late guys..all sold out. need to wait for bumi or developer released. 460K for 1.3 sq ft, now should be higher liao

 
March 20, 2011 at 7:11 AMTim

My guess, most of the buyers are speculators. If they need for own stay, they will go to subsale market.

At the same time, good response in new launch means,

1. subsale market buyer pool to dry out?
2. more people get into the speculative property market?

 
March 20, 2011 at 2:15 PMproperty guy

This is better than other apt around sunshine. Superb location. Prepare to buy bumi release or sub sale. :)

 
March 22, 2011 at 11:23 PMCrono

nice...

 
March 23, 2011 at 1:03 AMAlbert

Anyone have any idea, the initial launching price for this project

 
March 23, 2011 at 6:04 PMLee

Early bird package :
RM360psf, discount RM30k for 1250sqf & RM35k for 1450sqf. And free 1 cp.
That mean 420k (min) for 1250sqf & 487k (min) for 1450sqf.

 
March 24, 2011 at 12:45 AMIn-Style

8 blks of condo around that area. What will be the market response in that location in the next 3-4 yrs?

 
March 24, 2011 at 1:29 AMdavid

Good luck..
1) ~650 units from Elite Height - OC Q4 2013
2) ~700 units from D'piazza - available Q1 2011
3) ~650 units from Golden Triangle - OC Q4 2013
4) ~400 units from Arena Condo - OC Q3 2014
5) ~450 units from Idaman Iris - OC Q4 2013

total ~2850 units available for sale in just FIZ area. Do you think we will have 2.8k new family/fresh blood from FIZ factories within these 3 years? Looking at the hiring rate in FIZ companies, you and I are very sure on the answer.

(above have not count in couple new projects like Zan, riverside, Reflection)

 
March 24, 2011 at 9:55 AMCH

In my opinion, i see it as major biogeographic shift towards this new Bayan Baru area.

Local 20s are buying for own stay and setting up a family here.
30s are is considering Bayan Baru area for size upgrade as previously the floor space in Relau, Sungai Ara and etc is very limited to accomodate their new family members and better lifestyle.
Then only left 40s and above is the investor segment.

In overall, i am quite positive with the devolopment in these areas back by fundamental support of own stay segment cum the retail/hotel setup in this area.

 
March 24, 2011 at 10:35 AMMr.Business

in my opinion,
local 20s ? just out for work 2 to 3years? how many will afford to buy for own stay giving the price hitting over RM300k a unit. too luxury and far for them to achieve that. unless you are talking about rich background local 20s (which will be countable).
30s? everyone know the bayan lepas economic area are supported by FIZ factories. In that age range, salary range will 5k to 8k. will they will to pay more for upgrade? Furthermore, the property prices is rocket high, whoever has house/apartment to stay will hardly willing to upgrade with such huge premium. Unless we are talking about biz ppl which 30s ages who their income are count in 10k to 20k range.
40s? yes, definitely they are the group with extra money and dunno where to put. they will buy and keep the properties. rough guess they formed up 25% of all buyers.
the rest - they buy just hope to gain money with weak financal foundation.

 
March 24, 2011 at 1:33 PMCH

That's right! You got my point here.

I am the "victim" of this 20s group who work in an MNC for 5+ years prior managed to accquire a property here in Penang. We youngster do prefer new property rather than old one and best still if the location is near to the workplace plus comes along with the basic infrastructure such as, wet market, malay/chinese school, TNB, PPB, post office, Sunshine, Giant, eateries, mosque, retail and etc.

Taking this into consideration, i don't think we have much choices of location here.

Well, for 30s. Take my colleagues as example. They're acquiring. Very often it becomes a canteen/rest time topic in between them.

However, this is only my personal opinion. Please take it lightly.
Thanks!

 
March 25, 2011 at 1:28 PMproperty guy

Those who think it's not worth getting apt in bayan baru area. You can continue to wait loh :) anyway, u want to buy now also no more liao loh. Thank u for your concern though. Or was it rather spreading fear to people so that the property here will crash so that you can acquire? It's very normal for sour grapes to say things like that. But when subsale comes, they will be the first to want to buy because missing it last time. Hoho!

 
March 26, 2011 at 4:31 PMIn-Style

anyhow, will get a good response for those who would like to buy for own stay purposes. For investing will be lack of strong point as there will be more demand than supply in the next 3 yrs time. This is a blog - its free to discuss :)

 
March 26, 2011 at 6:17 PMVincent

response of sub-sales depends on quality finishing & other pulling factors like successful commercial/retails. all will drain down to competition among the surrounding projects - elit, d'piazza or arena.

 
March 29, 2011 at 9:30 PMlim

Anyone knows about the maintainance fee?

 
March 31, 2011 at 1:27 PMlaw

the maintainance fee is around RM190...

 
March 31, 2011 at 3:07 PMlim

RM190 is still reasonable for such a low density condo. I like the design & location, bu t too bad that it's already sold out.

 
April 5, 2011 at 8:57 AMproperty guy

near pisa, near sunshine, near the upcoming hotel, this is definately a good place to buy. waiting for bumi lot release. or anyone intend to release their unit? i want one too. its now 468K i heard, what a big miss since the early bird promo.

 
April 11, 2011 at 9:22 PMOng

What is the BEST bank rate at this moment? Which bank is recommended? Please help

 
April 18, 2011 at 3:32 PMfredphua

heard from friends there is an email to help consolidated information for those who interested in buy & sell Arena Residence. You may try on it arena.penang@gmail.com

 
April 19, 2011 at 9:34 AMproperty guy

fredphua, its not possible to buy and sell. if you have already got a unit, and decide to let go, need to return back to developer at a cost of max RM500 penalty on processing fee. Developer will handle the re-selling. anyone with success with that arena.penang gmail person, please verify :)

 
April 26, 2011 at 4:04 PMpenang

perhaps someone can check on the plan status and update here. Golden Triangle blog has very good updates and the info explains why there is no activities on site since project soft launched last year.

 
April 30, 2011 at 4:40 PMUnderfine

where was the launching date?why not heard have this info or advertise for this?

 
May 7, 2011 at 2:25 PMSouth

Not sure but its sold out. Wait for bumi lot. This is a good piece of property here.

 
May 19, 2011 at 5:31 PMMoreThanHappy

how true is this, 420K for 1250 sf feet ?? i do not think so, pls do not speculate lar... how can it be so cheap

 
May 21, 2011 at 10:58 AMproperty guy

438K, who say 420?

 
May 31, 2011 at 11:12 PMJack

i think is time to apply loan now, is any attractive bank loan package?? Can be share over here.

 
June 11, 2011 at 10:37 AMLee

what's the bank offer now ?

 
June 14, 2011 at 4:21 PMJack

BLR-2.5% for first year
BLR-2.4% thereafter

 
June 14, 2011 at 6:27 PMLee

Thanks Jack !
Actually i already sign the offer with BLR-2.3%. Can i reject the offer then re-apply again ? Hope to hear your advise...

 
June 15, 2011 at 11:38 AMstevenTeoh

lee: which bank offer u ?

 
June 17, 2011 at 5:55 PMLee

Hi, Jack :
I get the offer from AmBank...

 
June 17, 2011 at 6:05 PMLee

Hi, Jack :
Actually i bought TGT and the offer from AmBank is BLR-2.3%. Since the offer for now is better, not sure any changes for me to reject and re-apply ?

 
June 18, 2011 at 11:26 AMJack

Hi,Lee
The loan you applied is for TGT or Arena residence? I am not banker, just a buyer of Arena residence.
I believe the rate also depend of the amount that you are borrowing.

 
July 14, 2011 at 11:36 AMLyn

Hi Jack,
You applied loan for the Arena alrdy? Which bank u took?

 
July 14, 2011 at 11:18 PMJack

Hi,Lyn

not yet, the developer said have to wait for the banker call.. you are the arena buyer?

 
July 16, 2011 at 12:19 AMpenang

strange, checked and not many bankers participating in this project.

 
July 18, 2011 at 10:36 PMLyn

Hi Jack,
Yea, am the buyer. The banker called me for loan application last few days. You want their contact to check out?
Hi Penang,
They have 3 panel banks: HSBC, Public bank & Affin bank.

 
July 20, 2011 at 6:08 PMJewel Click

where is the sales office?

 
July 20, 2011 at 10:48 PMLyn

Hi Jewel,
D'piazza shoplot there. Just in front of "Bao Xiang" bak kut teh there!

 
July 22, 2011 at 7:35 PMJack

hi, lyn

You booked the Arena residential or commercial? As i know commercial can apply loan first, its faster than residential since commercial is 1st phase.

Mine is residential.

Thanks
Jack

 
July 24, 2011 at 9:35 PMJewel Click

thanks, Lyn.. is this project still available? trying to look out but not at the star property fair today

 
August 1, 2011 at 5:13 PMproperty guy

its sold out during unofficial launch, now should be >500K already.

 
August 4, 2011 at 8:09 AMAnonymous

hi property guy, 500K... for what unit size..

 
August 5, 2011 at 6:12 AMOng

When will the project start and is the S&P signed?

 
August 7, 2011 at 7:57 PMproperty guy

1.3k

 
August 11, 2011 at 8:00 PMpenang

have anyone asked when project can start and complete? which other bank is providing loan apart from PBB. Check with other banks, they informed that got land issue and development unable to start so soon...

 
September 23, 2011 at 6:55 PMLouis

Anyone intend to sell or let go their unit. I'm interested to buy a unit....

 
October 19, 2011 at 12:24 AMRacheal

a serious buyer here, i'm looking for a place to settle down myself. anyone is letting off their units?

 
October 22, 2011 at 9:17 PMRacheal

hi, please email me at rachealgoh87@hotmail.com for any let-go-unit. :)
Thanks

 
November 14, 2011 at 4:51 PMszern

how much is the pricing now?

 
November 17, 2011 at 5:40 PMproperty guy

call up developer and ask?

 
December 5, 2011 at 12:11 AMLittle women

hi,
anyone know what is the issue for the land?
I heard the bank said is due to advertising title, but dunno wat is the details and dunno when it can be solved.

 
December 8, 2011 at 4:31 PMszern

how much is the selling price for this unit?

 
December 20, 2011 at 2:00 PMsofa

Today I walked in developer office the staff told me still pending land approval as government request them to build the bus interchange and footbridge link to PISA stadium. The project estimate to complete at 2015

 
February 4, 2012 at 11:24 PMYeoh

Almost 1 year but still pending APDL approval? Another delayed project :(

 
February 7, 2012 at 11:02 PMproperty guy

Delay longer is okay as long as developer bears the interest. It is better for investment right?

 
February 7, 2012 at 11:23 PMYeoh

After checked goverment website, this project had been rejected (refer below link) :(

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=253667&S=S

 
February 8, 2012 at 11:15 AMUnknown

I have call & check with the developer, they told me the status "BATAL" showed at the gov website is their 1st BP submission. The latest BP will included the community services which have requested by the council. Also have been informed PM has been approved recently.
Some more there is an increasing of the price if there have any available unit (unit declined by bank and return to developer).

 
February 8, 2012 at 8:30 PMproperty guy

SnP is still on track, and the price has gone up by 10% :) Which mean 1250sq ft for >500K. This is difinitely good news for buyers

 
February 21, 2012 at 3:47 PMsofa

any update now? heard that the project delay to mid of year

 
February 24, 2012 at 7:18 AMproperty guy

What update do you want? Have you tried calling the developer? Sometimes I do not understand why people are asking questions that they can get directly from the developer

 
March 4, 2012 at 12:25 PMGooogle

the project must goes on..

 
March 4, 2012 at 12:26 PMGooogle

need property guy to keep sharing.. else why are you keep give comment.. are you the agent ????

 
March 4, 2012 at 12:43 PMYeoh

2nd submission just re-submit on 14-Feb. Is it been approved or not, answer is NOT SURE. Refer below link in detail.

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=336330&S=S

 
March 9, 2012 at 11:25 PMproperty guy

Yeoh, why you so concern? You got a unit there ah?

 
March 11, 2012 at 9:47 AMGooogle

property guy.. pls share most latest info...

 
March 11, 2012 at 12:40 PMYeoh

Hi Property Guy,

Anything wrong that I sharing the info here? Or you only interested on those good news on this project?

 
March 14, 2012 at 4:22 PMproperty guy

Latest info, please call : 6431133

 
March 14, 2012 at 11:44 PMkeneng

Application is approved.

http://www.epbt.gov.my/osc/Borang_info.cfm?ID=257126&NoForm=Form4

 
March 15, 2012 at 9:47 AMproperty guy

Of course it is approved. Sorry to those who are hoping for it to be cancelled :)

 
March 18, 2012 at 9:47 AMGooogle

property guy.. I see you are in many forum here.. what is your intention.. to stir the property market causing those young ppl not able to buy house.?

 
March 18, 2012 at 4:39 PMsofa

agree with google.
We just want to use this forum to share the real update but not for your marketing or agent purpose.
If we can get the response from developer what's the point discuss here.

 
March 19, 2012 at 5:15 PMproperty guy

Information as approval can be obtained from developer. We need to question the intention of the person who say this project is cancelled. Trying to create panic?

 
March 21, 2012 at 10:46 AMLeeEng

I saw this "2. BUS INTERCHANGE 2 TINGKAT DAN OVERHEAD LINK WAY' TERMASUK KEMUDAHAN LAIN DI ATAS LOT 12999 & LOT 13514".. May i know what does this mean? Will have the bus interchange? I heard developer's office girl said they will build a OVERHEAD LINK WAY from Arena residence to PISA. Is that true?

 
March 21, 2012 at 1:47 PMsofa

yes, there's bus interchange and overhead link way to pisa

 
March 22, 2012 at 2:47 PMLeeEng

sofa, you booked a unit in arena?

 
March 22, 2012 at 3:38 PMsofa

yes, arena suite

 
April 3, 2012 at 1:34 PMMichelle

Serious buyer, i'm looking for residential title with 1,250sqf. If someone would like to release their unit, please email : hiddenbell@yahoo.com

 
April 4, 2012 at 9:13 PMproperty guy

whats your offer?

 
April 9, 2012 at 11:18 AMMichelle

hi property guy, could you please email your phone no. i might call you, as i not often read the comments in apartment-penang website. Many thanks.

 
April 10, 2012 at 10:06 AMMichelle

Property guy, do you have unit on hand ?

 
April 12, 2012 at 12:14 AMYap

Thats still couple unit left from developers .. The office just located at D'pizza (beside Home cafe)

 
April 12, 2012 at 12:52 PMproperty guy

There's no more unit available. Except bumi lots. Current price is 520K for 1300sqft (400/sqft)

 
April 13, 2012 at 9:19 AMMichelle

Hi guys, Last week i have check with developer, the bumi lot also sold out already. Anyway, Thank you very much for your information.

 
April 14, 2012 at 5:41 PMproperty guy

Impossible, you can not release bumi lot until 70-80% completion, but its good to know current price is 520k

 
April 15, 2012 at 9:03 PMsofa

520k is for residential title? How about commercial title 1250sq

 
April 16, 2012 at 11:07 AMproperty guy

Call up developer, they have full pricing

 
April 18, 2012 at 12:58 PMGooogle

Hi property guy.. please stop stir the water here...

 
April 18, 2012 at 5:45 PMproperty guy

Stir what water? I was informing peoples with information that I know. 400 per sqft is market price. further info, pleas call developer

 
April 18, 2012 at 6:23 PMpgkia88

Property Guy, stop the nonsence. 400psft if you want, I sell to you?

 
April 18, 2012 at 9:33 PMproperty guy

Please ask the developer, that is what they said. I am waiting for their bumi release too.

 
May 4, 2012 at 4:01 PMGooogle

hi property guy... why you stop stir the water here but went to other forums to stir here and there...
how much do you want to buy ....

 
May 5, 2012 at 9:56 AMproperty guy

I want to buy their bumi release here. still waiting!

 
May 11, 2012 at 1:47 PMsofa

Got people offer 412500 for 1250 sq, is it worth for this price?
http://www.fullhouse.com.my/property-listing/arena-for-sale-897908

 
May 15, 2012 at 12:25 AMproperty guy

412K only? sure bor. you call n see

 
June 18, 2012 at 12:40 PMUnknown

Hi,
If anyone wish to let go his/her unit for some special reason, kindly let me know as I am serious in getting a unit there as long from 15th flr and above ( any size ) 0122108553 or e-mail : ong@hexagonchoice.com

 
July 19, 2012 at 11:11 AMUnknown

Anybody intend to let go their unit, pls drop a email to me at jameslim123456@gmail.com

 
July 26, 2012 at 3:33 PMMrs Cheah

I am serious buyer. Anyone wish to let go the unit, please sms me at 012-5539706. Tqvm~

 
September 9, 2012 at 10:18 PMgunners

Any units left from the developer or anyone wanted to sell? How much is the price now?
Please contact me at 0164780814 if any units to be sold

 
October 14, 2012 at 3:17 PMtan

Already put up the board.

 
December 14, 2013 at 7:41 PMRambo Ong

Hope Arena Management reconsider their car park design. Shouldn’t have front and back car park and this is very unfair for the people whom get it. Appreciated Arena Management able to benchmark one of project in Mount Eskine where they successful re-design and now non-longer have front and back car park.

Front and Back car park = 1 car park. This is very inconvenience to all the owner.

I sincerely hope Arena Management will do something to the owner whom get front and back car park. Please help

 
December 15, 2013 at 6:52 PMpenang

If commercial title must consider seriously before purchase. will be charged high Assessment Bill like 1World and 1World 2. Long term cost.....some RM2,400 - RM2,800 p.a. also uncertainty on rate of utility.

 
December 24, 2013 at 12:39 AMCH Koay

Agree with you Rambo Ong. Out of 151 car parks at level four, 50 car parks are design front and back (100 car parks). From this 50 car parks, 37 car parks facing the wall and need to reverse the second car in order to drive out the first car. Balance of 13 front and back car parks do not need to reverse their car. Some of 51 unit of SINGLE CAR PARK are reserve for Visitor (around 8 or 9 units), developer also keep some units for SALES! Not to mention reserved units by developer. Chances are slim for owners to get a good car park. 37 owners will be incovenience and 13 will be lucky for f/b design. Some owners might get single car parks for 2 units but I wonder how many? One unit of car park cost is more than 30K. All owners already drew their car park on 21 and 22 December for Tower 1 (residental title).

 
February 9, 2014 at 10:02 PMCH

Cannot sell until OC obtained, according to Golden Virtue Capital

 
March 21, 2014 at 4:37 PMLeeEng

Facebook page for arena, please search “arena residences” or https://www.facebook.com/pages/Arena-Residences-Penang/508314949288542

 
April 6, 2014 at 4:27 PMlee

anyone what to let go the residential title unit?

 
April 7, 2014 at 11:58 PMCH Koay

Golden Virtue Capital does not allow owners to sell until OC obtained. I guess need to wait until Dec 2015,

 
May 22, 2014 at 12:10 AMsoo lean kooi

least hold or free hold?

 
July 23, 2014 at 2:55 PMAnonymous

Freehold

 
September 12, 2014 at 1:04 PMAnonymous

Dear owners,

If you wish to let/sell your residential units, please send me an email at lhl5505@yahoo.com, then I will further contact with you.
Thanks.

 
September 27, 2014 at 3:33 PMUnknown

Hi owner, we are looking for 1450sqft residential title unit..if u willing to let go...kindly contact us. 0164226599 or 0164480183