Vertiq Condominium


Vertiq Condominium is an IJM Land project located at Metro East, Gelugor, Penang. Vertiq consists of 2 blocks a total of 318 condominium units, with each unit having a built-up area ranging from 1,044 sq.ft. to 2,303 sq.ft.

Facilities at Vertiq include basket ball court, swimming pool, mini water park, jacuzzi, indoor and outdoor gym, sky garden, sky lounge, jogging track, community hall, home automation system.

Property Project : Vertiq
Location : Metro East, Gelugor, Penang
Property Type : Condominium
Tenure : Freehold
No. of Blocks : 2
No. of Storey : 35
No. of Units : 318
Built-up Area : 1,044 - 2,303 sq.ft.
Developer : IJM Land

225 comments«Oldest  ‹Older  1 – 200 of 225  Newer›  Newest»

February 1, 2012 at 10:54 AMCEJ

Does anyone know the launching prices?

 
February 1, 2012 at 11:21 AMHo

Looks interesting, but don't know whether they target foreigners or locals?

If for foreigners, they will make 2 bedrooms, facing the sea and sell at RM700 psf with furniture.

If target for Penangites, they should make 3 rooms, not facing the sea and sell at RM400 psf when launching.

 
February 1, 2012 at 4:28 PMRoman

RM400 sqft for IJM project? You must be kidding. I bet the price would be around RM580-600 per sq.ft.

 
February 1, 2012 at 5:25 PMHo

Indeed Roman, I am betting at RM500 psf.

Anyway, my point is if they want to sell to local Penangites of the mear motals they can sell the units not facing the sea at RM400.

I am looking at the picture of the new tower and it looks like a one bedroom apartment for 1044 sf.

Anyway, wait and see...

 
February 1, 2012 at 5:43 PMcondomana

http://www.bloomberg.com/news/2012-01-31/hong-kong-homes-face-25-drop-as-loans-fall-in-year-of-dragon-mortgages.html


Hong Kong Homes Face 25% Drop as Loans Fall in Year of Dragon:

Mortgages that need to be insured by the government because of risk experienced the steepest plunge in six years in 2011, a sign the biggest home price decline since the global credit crisis is accelerating. Property prices that have slid 6 percent since June may fall as much as 25 percent by 2013, estimates Andrew Lawrence of Barclays Capital, who predicted the initial slide in April.

Asian real estate markets from Singapore to Beijing to Mumbai are stalling or have started declining as governments seek to curb the type of housing bubble that brought down the U.S. economy.............

 
February 1, 2012 at 11:17 PMproperty guy

condomana, no need to scare people lah, what is your intention? thank you

 
February 2, 2012 at 1:00 AMjdanielblog

Great job to condomana. Thanks for your courage of telling the truth which a lot of unrealistic people who try to share unreasonable info for an intention purpose do not like. Hope to she more sharing from you.

 
February 2, 2012 at 6:44 AMalan

Not sure the new Bank Negara rulling (effective from 1-Jan-12)will affect the property market...

Let's wait and see.

 
February 2, 2012 at 9:33 AMcondomana

Hi property guy,

Oh, not trying to scare anyone lah, just trying to show that governments elsewhere are "proactively working" to cut down speculation, and what has our government done?...:)...and by the way, it's just a piece of business news from Bloomberg. Is Bloomberg trying to scare people? What's their intention?...:)

 
February 2, 2012 at 12:41 PMDD

http://www.propertywire.com/news/asia/singapore-property-tax-foreigners-201112165889.html

Singapore has introduced 10% additional stamp duty for foreigners buying spore property, and barred developers from absorbing loan interest during construction period. I doubt Malaysian gov will do anything. GLCs like Sime Darby, PNB have been buying up major developers.

 
February 2, 2012 at 1:56 PMBrandon Koh

Just back from IJM office. It will be launched at RM550/psft. Makes Pearl Regency look cheap

 
February 2, 2012 at 2:41 PMcondomana

Hi DD,

Not only the GLCs, MLIs (minister related individual) are using other people's money to speculate in luxury condos too...;)

 
February 2, 2012 at 11:34 PMActive Investor

How much per unit?

Keep me update if ready to buy. I would like to book one unit.

 
February 5, 2012 at 10:28 AMfreestyler - michelle

Can we go to register for a unit now at the IJM office there?
Interested buyer too~

 
February 7, 2012 at 11:10 AMKenny

What do you guys think, at $550/sqft any more appreciation possible?
Can't make up my mind if I should get one.. any advise from the sifus out there?

Kenny

 
February 7, 2012 at 3:12 PMcondomana

Hi Kenny,

I am not a sifu, but feel that RM550/sqft is reasonable in today's market for a new condo in a decent location. Any new project in that area would probably cost you RM500-RM700/sqft. Platino is hovering around RM450/sqft, you should seriously look at that, unless you really don't like that project (by IJM too and it's only a stone's throw away from Vertiq). If you go up north to Tanjung Tokong/Pulau Tikus, new condos are selling for Rm1000 /sqft...:)

 
February 7, 2012 at 8:43 PMKenny

Hi Condomana,

Thanks for your input. At $550/sqft, maybe the appreciation will not be much upon completion. I am planning for investment.
Fiera Vista is selling at $380/sqft. Maybe appreciation possibility higher?

 
February 9, 2012 at 2:49 PMcondomana

Hi Kenny,

Rather than hear/say, pls find the link below to the latest report by our land office (up to end of June 2011) for properties changed hands costing > 1 mil Ringgit. After reading, we might be able to discuss our observations..:)

http://napic.jpph.gov.my/portal/content/Publication_PDF/jutajld22.pdf

 
February 9, 2012 at 4:29 PMKenny

Hi Condomana,

Thanks for the link.. very interesting numbers indeed.. any findings you have you would like to share?
I am still new in the properties market thing... :)

 
February 10, 2012 at 9:50 AMcondomana

Hi Kenny,

Since you are interested in Vertiq, the first thing you might want to find out is how much is a buyer willing to fork out for it.

Now, to link Vertiq to the million-ringgit-property report, Platino would first come to my mind, as there were many units asking for RM1 million and above, and it's located just next to Vertiq.

So let's go to the report now and search for Platino units that changed hands up til june 2011.

Since it's about Platino, let's talk about it in Platino blog then. See you there Kenny.

 
February 13, 2012 at 5:24 PMHo

Look, Pearl Regency which is next to Vertiq also selling at RM550/psf which includes furnishing and has a much lower density compared to Vertiq. Pearl Regency have better view compared to Vertiq. However, Vertiq provides 2 cp.

The units at Pearl Regency are larger hence the unit is more expensive.

I still don't think RM550/psf is worth it. Maybe they got some rebate during launching.

 
February 20, 2012 at 10:59 PMActive Investor

Already launched?

 
February 21, 2012 at 11:51 AMAlan Chiang

You guys are crazy , rm550 per sq feet??

 
February 22, 2012 at 2:05 PMAnglo Wax

Why Vertiq when you can get bayswater, maritime, summerplace at cheaper RM/ft2?

Anyone share his opinion?

 
February 22, 2012 at 4:18 PMcondomana

Hi Anglo Wax,

Why? Because in Penang, once a new project gets the OC, owners would start to resell the units at a 25% mark-up to original developer price. At least that has been the trend in the past few years (moving forward dunno lah). Sommo IJM offers interest free during construction lah, 10:90 scheme lah, rebates lah (to make it very easy and "safe" for speculators to speculate)...:D

Eehh...I think it's not appropriate to compare Vertiq to summerplace as summerplace is located near a cancer-causing landfill site lah.

 
February 23, 2012 at 12:22 AMproperty guy

It is a different concept, you should visit the sales office to find out. Per sqft price also more expensive than Platino :)

 
February 23, 2012 at 9:57 AMEvalulu

Ya, moreover the whole area here will be recognized as high-end properties neighbourhood already because of Bayswater, Platino, Pearl Regency, and now Vertiq all together.

I heard that they will further reclaim the land opposite e-Gate in THE LIGHT project to build their commercial in Phase 2? if your holding power of the unit is there and maintain your unit well, you can also rent it out to the office workers at a very high rental rate. Just my 2 cents.

 
February 26, 2012 at 10:47 PMpgites

condomana.. u dari mana? u scared of landfill 3km away.. u not scared of the huge power plant with big chimney smoking every nite 2km away?? oh maybe u like the extra power radiating frm it ah?? ok la... I know ur taste now heh heh

 
February 26, 2012 at 11:15 PMproperty guy

You guy talk so much, why nobody mention about the launching date? Ya all reealy don't know or don't want other people to know? :)

 
February 27, 2012 at 9:07 AMEvalulu

Hi Property Guy, the launching date is no secret, IJM Land's facebook already announced that it is on this coming Saturday.

 
February 27, 2012 at 9:33 PMproperty guy

I know :) So how many people going there to line up? When start to line up? Hehe

 
February 27, 2012 at 10:39 PMtyh

Property guy.. For goodness sake pls just call up IJM if you want to know whether anyone has queue up and etc.. If you need 20 cents to use public phone to call IJM up let me know. I can sponsor.

 
February 27, 2012 at 11:18 PMproperty guy

Trying to check the market from here :):). Nobody working in IJM now, it is not about the money. Anyone who sees any line up start, do inform everyone here, okay?

 
February 28, 2012 at 1:02 AMHo

Soft launch 3-March. RM10k booking fee. 0% progressive interest. Free 4 units of air-con. Hot water available for shower. Early bird RM10k discount. RM10 discount psf.

Roughly RM550k psf, the reason I think is because it is facing the sea hence the price. If you don't mind the sea view, can get the Boon Siew project (Raffles...) at Bukit Gambier at the same unit price of RM550k+- but at 1400sf.

 
February 28, 2012 at 10:36 AMcondomana

Hmm...now come to think of it, it's actually good for developers to build more, more, and more in the beginning of a slow market, until there is a serious over supply...:) The more the supply, the better choice for consumers right?..;)..However, I just hope that those people thinking of buying are wise enough to clearly see the situation, and not burn themselves, but instead let the developers burn themselves...:)

 
February 28, 2012 at 10:16 PMprojectupdate

See people start q at IJM office for saturday lunch.....i'm so suprise...today only tuesday, 4 days q in advance.....crazylah......

 
February 29, 2012 at 12:48 PMsubscrib3

Manyak olang queue up liao lor.. lmao..

 
February 29, 2012 at 4:04 PMjack1981

I saw over 100 people lining up at IJM office!

Good investment? Why not buy bayswater or pearl regency?

 
February 29, 2012 at 5:48 PMcondomana

Hi jack1981,

In spite of countless reports on internet love scam, black magic US dollars, scratch-and-win scam etc in the media, you still having people (and lots of them judging by the reported amount of money Msians lose to these scammers every year) falling for it again, again, and again. So to your question of "Good investment? Why not buy bayswater or pearl regency?", I guess the answer is just there are some things in this world that you can't explain with logic....:))..cheers!!

 
February 29, 2012 at 9:01 PMIan Low

All 150 seats in queue are taken. Some of them doesn't mind to sit beside the toilet...

Probably it's IJM's marketing strategy.

I heard someone is paying RM250 per day(24hrs) to a runner who is willing to queue for him, since 28-Feb-12.

Any comments?

 
February 29, 2012 at 10:23 PMmr prop

No, there was no 100 people, no 100% seats taken. Please don't create false panic here :)

 
February 29, 2012 at 10:33 PMKenny

When I called they say queuing already stopped . No more giving out numbers . If the numbers kept increasing then they are secretly giving out numbers !
I feel IJM could have done better than let people que there . ..

 
February 29, 2012 at 11:54 PMtyh

i drove passed IJM about 9pm today and there were approximately 25-30 people either sitting on chairs or standing up. IJM likes to create a scene whereby it is the buyers who are desperate to get the units and not them looking for buyers. It happened for The Light projects too.

 
March 1, 2012 at 12:16 AMmr prop

Numbers given on the same day (Saturday), not before. So how can they have the numbers now? If they have the numbers now, why don't they go home and sleep and come back on Saturday? :)

 
March 1, 2012 at 9:54 AMcondomana

Hmmm.... I am trying to guess who are the people here trying to hype things up? IJM sales? Speculators who bought bulk from IJM? Insiders who managed to get their hands on some units?....:)

I think the same thing happened to "The Spring", "Summer Place"...etc. Gullible Penangites joined in the queuing frenzy when their herd instinct told them if there is a queue, it must be good...:)

 
March 1, 2012 at 10:33 AMPrestige

On Tue I saw Banglas spreading out mats & relaxing themselves just outside the que lobby. I guess they're the paid lucky ones who got a que number, regardless of their nationality. It's a matter of time before they start taking a bath from pails, shave or pray from the sidewalk. In front of the so-called corporate menara IJM! Is this the level that IJM doesn't mind reducing its 'profit-at-all-cost' image to?

 
March 1, 2012 at 12:15 PMtyh

Let me share with you my true experience on this IJM queuing system. They will have the seats numbered but that does not represent anything. What Mr Prop said is true. Having queue up 3-4 days earlier doesn't mean anything as IJM wont be giving up the numbers until the day itself. Some of you must be wondering why not i go earlier on that day itself and squeeze through the queue and be the few people at the front to get the numbers? Now Im going to tell you the tricks. Do you still recall any list given by IJM where you wrote down your name on it? On that day itself they will call your name based on the sequence appeared on the list and give you the number. This is my true experience last year when I bought a unit from IJM.

 
March 1, 2012 at 2:36 PMcondomana

hi tyh,

Which project did you buy, if you don't mind sharing.

 
March 1, 2012 at 7:13 PMpetestop

Just wonder when this musical chair going to stop.

Can speculate forever ?

 
March 1, 2012 at 10:35 PMtyh

Condomana. One of The Light project.

 
March 2, 2012 at 11:01 AMcondomana

Hi petestop,

Surely cannot go on forever lah. Boom and bust is a natural economic cycle. Gov regulation is suppose to "tone down" the impact if done adequately and timely.

Hi tyh,

Thks for sharing. If you buy it for own stay, I hope you will enjoy staying there immensely after having to queue so long to buy it. If you buy it for investment, I hope you will get better returns than other projects, to compensate for the insult of having to queue up like queuing up for food at soup kitchens for the homeless!..:))

 
March 2, 2012 at 12:03 PMpetestop

The property market now is like stock market, many newbies coming in because afraid of losing out, or want to catch the "action" (although the action been going on for past 2 years, and many savvy investor already offloading).

Like a stock market crash, it is normally the retail investors that got burnt the most.

A correction is way overdue.

 
March 2, 2012 at 3:48 PMEvalulu

I think this queue-ing scene is quite common in every property launch in Penang.

A few months back I lined up for the Sungai Ara Project, forgot what name already. Me and my mom took turn to queue over night for 2 days, but when it's my turn only left last 2 top floor units which we don't want coz sick of leaking problems (we're currently living in top floor apartment too). Although RM100 for 1 night might be small money compared to the total house price, but somehow my mind also not balanced lor.. haha..

Then those in front one they hired foreigners to line up, get RM100 per night and on the day itself suddenly you will see many chinese turn up and the foreigners are gone. What to do? If we complain to the developer also what they can do? Chase away the foreigners meh, later those rich people who hired them will say the developer racism lar, no human rights lar and such...

Or maybe the property developers do like Air-Asia? Do online booking during property launching lor, save our time, save our dignity and everybody have fair chance. But I'm not sure how to pay booking fees la, haha. Just joking.

 
March 2, 2012 at 3:53 PMcondomana

Hi petestop,

I would agree with you a correction is overdue, judging by the number of property advertisements in newspaper offering discounts, rebates, 1% downpayment & 9% discount etc...:)).

That shows developers are now fighting for buyers (indicating a slower market) and willing to lower price (indicating their cost is actually not as high as they claimed).

While the developers are fighting with each other, in the secondary market, sellers' prices are less demanding, and you are starting to see prices that would pleasantly surprise you (as a buyer). That should further affect developers confidence and the market overall.

However, the correction could play out in a few different scenarios:-
(1)Hard landing, crash and burn with 100 deaths?
(2)Hard landing but no casualties?
(3)Soft landing with a little bump?
(4)Fly flat for a long time and gradually land?
(5)Fly flat directly from Penang to New York (yes I know, there is no direct flight to NY)?
(6)Fly flat for a distance and while the pilot thinks it's safe and starts to ascend, the jet engine broke down and the plane crashed!

Only time can tell, but let's hope for the mildest scenario. And for the folks going for the soup kitchen this weekend, good luck & enjoy yourselves!

 
March 2, 2012 at 3:57 PMjeremy tan

Hi Condomana and petestop,

I don't think the musical chairs would stop if the government keeps on printing money and keeping interest rates at all time low.

Metaphorically speaking, they are printing money faster than we can build houses.

Besides, all the GLCs aka developers have already inked an agreement with the government and banks to enable them to finance and market their projects attractively e.g. DIBS packages

In stock market terms, Khazanah, EPF and PNB are already holding very big stakes in IJM, SP Setia etc. There is no way they are going to let them fail.

Think of it as a syndicate between the government, the developer and the banks.

 
March 3, 2012 at 3:41 PMden

Sell like hot cake. left only 1668sf and abv.

 
March 3, 2012 at 8:18 PMmr prop

If you have not had the chance to join in the fun, here's what you have missed.

http://www.mypicx.com/uploadimg/1812443201_03032012_1.jpg

One thing for sure - the musical chair is far from over!

 
March 4, 2012 at 6:45 AMtan

Government has vested interest in most of the developers directly or indirectly.

So, banks will continue to support/to ensure buyers are available.

But, Government has no interest with speculators/buyers. That's why subsale market is stagnant now.

 
March 4, 2012 at 12:28 PMfl09_Ever

Why none of them refer back data 10 or 20 years ago? Have the property ever down before? I don't think so. We are not USA nor hong Kong, my cow sense tell me, price will still go up but slowly. Developers are building back the 200k to 400k range condos in the island but with smaller sq ft so is the same. Material price never drop, how can the house price drop? Even all of us hoping our income increase, so how can the house price drop?

 
March 4, 2012 at 7:18 PMjack1981

I did not manage to get a decent unit. Am I missing a chance?

 
March 4, 2012 at 9:47 PMproperty guy

Not sure if you are missing the chance. There is a good reason why hundreds of people went to line up that day. Price will increase again next week I heard

 
March 4, 2012 at 10:30 PMMr.Tan

Haha! My mother manage to buy 1 high floor unit, we q since 4 days ago hire bangala with the help from ijm staff.

 
March 5, 2012 at 1:31 AMproperty guy

fl09_Ever - you can look back to any posts 2-3 years back also, Many peoples say the same thing about property burst in Penang, they could be the ones buying today

 
March 5, 2012 at 10:08 AMcondomana

Hi fl09_Ever,

Yes, if you look back 20 years, you would find dips in property price (2012-20=1992), specifically during 1997 asian financial crisis. But if you look back 2-3 years as what's suggested by property guy, then no, only up no down..:)


Hi property guy,

Yes, there must be a reason why so many people attended the launching. Let's try to find out the reason from Mr.Tan's mum (she queued 4 days, as alleged by the son).

Hi Mr.Tan,

Congrats to your mum for getting a high floor unit, after a 4-day queue. I am sure she is looking forward to enjoying the stay there with the convenience of Tesco and eehh....seaview?? And property guy would love to know why your mum is willing to queue for 4 days to buy a unit. Would you share?...:)

 
March 5, 2012 at 2:38 PMproperty guy

Condomana, you didn't buy ahh? Why do you think its not a good buy? or good buy? views?

 
March 5, 2012 at 8:52 PMjeremy tan

i think condomana is waiting for the correction to buy into it.

However, i don't think the correction will be anytime soon if the government doesn't raise interest rates.

At current interest rates, a speculator can afford to hold until the price is right.

The government have to keep the interest rates low to stimulate the economy since this year is election year.

If the economy gets better they might increase interest rates to curb the rise of inflation

However, the amount of money that they have printed have already guaranteed a spot for inflation for the next 5 years.

If the economy gets worse they are forced to keep interest rates low to support the economy.

As you can see, we are going deeper and deeper into debt.

Perhaps at such prices, if one cannot afford to buy a property or get credit from the banks to acquire one. The best thing to do is to rent.

The rental market is still quite pathetically low and it has been like since forever. However, this might change in the next few years.

If you plan to acquire a property it is best to buy one before the general election. If DAP wins Penang again expect property prices to go up further.

 
March 5, 2012 at 9:27 PMRafael

Hi Jeremy Tan,

I don't agree with you remarks "If DAP wins Penang again expect property prices to go up further."

Seriously because of opposition wins the property hike. How about KL and Selangor also the same chronology?

This is what you should understand. If the price in KL and Selangor increase by logic Penang property should follow.
If the price in KL and Selangor decrease by logic Penang property should follow.

 
March 5, 2012 at 10:03 PMtwyeow88

i don't think price will drop or govt measures needed. in fact my thought is govt is pushing prices further by introducing our properties to foreigners. b'cos to be a rich nation/high income nation, property prices contribute partly as well

1. population growth at 2.4%. On the back of 1.6m, we are talking additional 38.4k people. 3 persons into 1 house, means 13,000 units are needed each year. that's 100 new project of 130 units. do we see a lot of vacant units after completion?? high end maybe

2. bank negara is keeping interest stable instead of increasing

3. m'sia govt has been actively promoting our properties overseas eg. Malaysia Properties Inc. set up with office in s'pore

4. m'sia is the only country in the world that offer 90% financing to foreigners

5. household savings in the country is high. there is a lot of liquidity in the market.

6. land is limited on the island plus development cost is rising

 
March 5, 2012 at 10:37 PMjeremy tan

Hi Rafeal,

It is a known fact that political stability and policies does influence the outcome of the economy.

If KL and Selangor drops doesn't mean Penang would drop as well.

Penang is after all an island. If Penang drops doesn't mean Selangor and KL will drop as well.

It all bores to aggregate demand and aggregate supply.

If DAP wins, i am going to buy another 2 more properties. Penang is under LGE's leadership for the past 4 years and economically wise it is doing very well.

Statistically speaking we have the highest FDIs consecutively for the past 2 years in Malaysia.

We have MNCs investing billions into our silicon valley in penang. Eventually, we will have one of the biggest solar panel manufacturing hub as well by 2013

The current government have plans to turn Batu Kawan into a 2nd Bayan Lepas

This is not just logic, this is speaking from facts.

Cheers

 
March 5, 2012 at 11:15 PMMr.Tan

My mum said ijm condo never drop in prices, before than she bought summer place , maritime square , the light c1 , and now vertiq. It is useless if money put in bank, better invest for future. I personally more like landed heritage house, small size between 900 to 1200 sqfeet, easy to resell.

 
March 5, 2012 at 11:58 PMRafael

Hi Jeremy Tan,
I like you passion.

In the future if you are desperate to sell your unit below market price provided at a price that I can buy (my target price) please feel free to find me. :-)

Regardless how you define "Statistically speaking we have the highest FDIs consecutively for the past 2 years in Malaysia." which I also work in MNC in Bayan Lepas for the pass 4 years the money does not go into my own pocket back. At least my income tax relief does help me at some point. I see more traffic jams in Penang during peak hours which is a fact but I don't see an action to improve until lately plan to expand a lane from Jelutong to Bayan Lepas FTZ via coastal highway.

Not sure how aware of you about environment on your statement "We have MNCs investing billions into our silicon valley in penang. Eventually, we will have one of the biggest solar panel manufacturing hub as well by 2013." More radiation we are expecting in Penang BRAVO and yet no protest. Kulim High Tech First Solar has demonstrate this but somehow people in Penang minds are clouded that Lynas is the only radiation industry.

This is the one statement I can agree with you "The current government have plans to turn Batu Kawan into a 2nd Bayan Lepas." since the 2nd Penang bridge is situated at Batu Kawan and near to Penang science park so logically there are job opportunity hence property are also developed there.

 
March 6, 2012 at 8:12 AMjeremy tan

hi Rafael,

I don't think i will be selling any of my units below market price since i am a cash buyer so far. No intentions to show off or anything. Just wanted to clarify.

Whether the money goes into your pocket or not, is of your own self-interest. Perhaps if you start saving and investing you will see some growth?

You have been working for 4 years in Bayan Lepas?So, i am assuming that you should be around your late 20's.

There will be radiations in everything you use. Including the handphones you hold. Are you aware of that as well? The line is drawn with Lynas for the amount of 'accumulative' radiation it produces.

Extracting the rare earth material and exporting it as a commodity has bigger implications compared with all those MNCs that are located in Bayan Lepas. Where are we going to store all the waste and by products of this process? Lynas will be creating only 300 jobs. How is that going to have a spill over effect into the economy and besides the government is giving them tax relief for the next 12 years for polluting the environment heavily....

I am aware of the environmental issues surrounding us. If you really want to support this environmental cause, stop being a hypocrite, stop working for a company that pollutes the environment

Besides, if you really want to talk about environmental issues in depth this is not the right place to talk about it. We are discussing whether properties would head north or south based on the facts given to us.

I would advise you to buy a property soon or perhaps consider rental in the near future.

Cheers.

 
March 6, 2012 at 10:05 AMTIMAS

Penang property = Penang millionaire club.

Many ppl here declare they are cash buyer for a "million" property....sit at home blogging also can be million, Penang feng sui really good

 
March 6, 2012 at 10:42 AMtwyeow88

"buy and wait"; "don't wait and buy"

short term price down, if any, will be offset by population growth coupled with limited land supply. btw, prices in Ipoh has also doubled in the last 7 yrs.

 
March 6, 2012 at 11:05 AMcondomana

Hi property guy,

Yes, I did not buy. Reason? Well, I personally wouldn't desire to live there as (1) I am afraid IJM might build the condo building to resemble a big chimney, so as to blend in to the existing surrounding (2) You could get much better seaview from other condos, with a beach right at the doorstep, at a cheaper /sqft price (3) terrible traffic noise (4) IJM is not selling it any cheaper to compensate for all those short-comings...:))..So what's the point?

Oh..., but you mean what about a speculative buy?...as in buy now and sell higher later to some suckers?...That did cross my mind. But I had to talk to some expert friends to make that decision. So, I called Mr Geh. He gave negative response, citing oversupply in that area, and poor response to Platino sub-sale market. Just to be sure he is not buying behind my back, I talked to his sister. She confirmed the negative outlook.

Next, I called my auntie. She has been a staunch IJM fan since Sri Pangkor, and she owns Sri Pangkor, Bayswater and Platino too. But she is staying away this time, after the worst performing Platino.

Just as I finished the conversation with my aunt, my dear lawyer called; a close friend, whom I owe what I have today to, for listening to his advice of "going all out" half a decade ago. But this time his tone is different.

 
March 6, 2012 at 11:19 AMcondomana

Hi twyeow88,

I find your statement "b'cos to be a rich nation/high income nation, property prices contribute partly as well" intriguing.

You own a Porsche because you are rich.....OR...to be rich, you need to own a Porsche.

My dream is to be rich, and own a proton re-badge VW Touareg....;)

 
March 6, 2012 at 11:26 AMEvalulu

Hi Mr Tan

You said IJM Staff helped you to hire bangala? May I know what name ar? Or all staff also got offer eh? How do you approach them saying you want to hire? Coz when I try ask on last tuesday, the sales exec who attended me said he couldn't help me and I got to ask the bangala myself? @.@

 
March 6, 2012 at 2:42 PMtwyeow88

condomana,

you are quite close but not exactly. "to be rich, you need to own not a porsche but properties/biz/misc assets". generally properties take up substantially a person assets/wealth, thus high property prices means more wealth to an individual and collectively to a nation. s'pore and Hk are good examples.

 
March 6, 2012 at 2:50 PMtwyeow88

I don't quite understand. For own stay with liveable space, why would people pay around 600k/700k to buy condo? another 50k can buy a single/double storey terrace house in Lip sin, pantai jerejak, etc. and simple repair/renovation cost only 30k.

i thought traditionally, penang people like landed properties. Is it because security and lifestyle are more important now? and gated and guarded terrace home is way too expensive?

 
March 6, 2012 at 5:16 PMcondomana

Hi twyeow88,

What I meant was, the wealth of a nation is not the result of property price, but rather property price is a by-product of a nation's wealth. As in, being rich is not the result of owning a Porsche, but owning a Porsche is a by-product of being rich...:)

The wealth of a nation is the result of GDP of that nation. 2011 GDP per capita for Hong Kong is USD49,000, for Spore is USD59,000, for Malaysia is USD15,000. You may think there should be a linear correlation between GDP and property price, but that is not the case when you put in the factor of accumulated wealth over the years(not to mention the open monetary policy in those countries that enables dirty money to be washed through property related tools).

You can put housing price on steroids over-night by reducing policy rate to 0% and introducing unconditional credits, but you can't boost GDP over-night without the long process of skills transformation.

 
March 6, 2012 at 7:44 PMjeremy tan

Condomana,

I do agree with you on using GDP as a measure of a country's wealth. Another measure they use would be the purchasing power parity. As we all know that the RM is nothing compared to the mighty dollar (even though it is shit now it is still stronger than us) or the euros or the aussie dollar.

Hence, by looking at the number of FDI recorded for the past 2 years, we are again (Penang) the highest in the whole of Malaysia. Foreign money coming in by Power Purchasing Power with a factor of 3 onwards.

What the GDP fails to indicate is the distribution of wealth among the nation.

Hence, you can tell on average how much per capita a Malaysian earns but it doesn't tell you the gap between the poor,the middle income, the rich and the richest.

In Malaysia this gap is very wide. At the rate that inflation is going, eventually there will be no middle income. The rich will get richer, the middle income will fall back into the poor category and needless to say the richest will see their portfolio increase from 11%-30% annually.

It is a tragic thing, but it is inevitable.

Lately Forbes came out with an issue of the top 20 richest country in the world.

China is not even in the top 10. However, we all know that the richest country in the world is China based on the foreign currency reserves.

The reason why they are not included is because the gap between the poor and rich is so wide that GDP per capita they do not qualify to be part of the top 10 richest country in the world.

Singapore came in 3rd because per capita they had the highest.

What we can learn from our neighbour Singapore is that the wealth of the nation is properly distributed among its citizen.

I am afraid to say that, with the amount of money they have printed " Bank of England, Federal Reserve, Bank of Japan, EU banks" the only way to protect yourself it to own an asset.

 
March 6, 2012 at 9:49 PMtwyeow88

i am not quite sure what GDP is. my understanding is a measurement of a year's produce/output. i would still think that wealth is related to reserve/assets (net) than income of a nation/individual. a person/country may produce a lot but if they don't spend wisely, then there is nothing much left in the reserve.

 
March 6, 2012 at 11:06 PMRafael

Hi Jeremy Tan,
Part 1.

I don't think i will be selling any of my units below market price since i am a cash buyer so far. No intentions to show off or anything. Just wanted to clarify. - No hard feeling just to give you hint what is my intentions. :-)

Whether the money goes into your pocket or not, is of your own self-interest. Perhaps if you start saving and investing you will see some growth?
- I have my own way and property investment is not the ultimate goal I have. If you say the rakyat get back benefits example people who work in Penang > 5 years purchase 1st home entitle to waiver on something2 should correspond to Penang FDI growth. Just my opinion. Btw do you know the free shuttle from Seberang Jaya to Pg FTZ will be discontinue next month?

You have been working for 4 years in Bayan Lepas?So, i am assuming that you should be around your late 20's. - I have work 6 years plus in Penang. The 4 years I meant since opposition took over Penang till now.

There will be radiations in everything you use. Including the handphones you hold. Are you aware of that as well? The line is drawn with Lynas for the amount of 'accumulative' radiation it produces. - You don't need to teach me. I work in RF industry so at some point I am also harm.

Extracting the rare earth material and exporting it as a commodity has bigger implications compared with all those MNCs that are located in Bayan Lepas. Where are we going to store all the waste and by products of this process? Lynas will be creating only 300 jobs. How is that going to have a spill over effect into the economy and besides the government is giving them tax relief for the next 12 years for polluting the environment heavily....
- Do you know what is the potential of rare earth vs solar panel ROI? Do you know what is solar panel life span? Do you know how to dispose the solar panel filter once reach the life span? Do you know what is the potential harm in a long run disposing the solar panel filter? Yes I agree about the Lynas potential toxic waste harm but have you seen the proposal from Lynas on the contamination of this waste? 12 years tax free is nothing compared to the ROI in 12 years. No risk no gain same like you invest in Penang property.

 
March 6, 2012 at 11:07 PMRafael

Hi Jeremy Tan,
Part 2.

I am aware of the environmental issues surrounding us. If you really want to support this environmental cause, stop being a hypocrite, stop working for a company that pollutes the environment - Einstein aka Jeremy Tan I don't work for a solar panel manufacturing company so I am not the hypocrite here. Anywhere you work there is always pollution from noise, air, odour, etc.


Besides, if you really want to talk about environmental issues in depth this is not the right place to talk about it. We are discussing whether properties would head north or south based on the facts given to us. - Yes agree this is a property blog but somehow you mix up with some remarks which has nothing to support with property growth in Penang.

I would advise you to buy a property soon or perhaps consider rental in the near future. - I own a RM1M property in Penang and paying monthly. The reason I don't invest in property after 2009 is because I am not like you having plenty of cash probably few million ringgit and the rental yield is bad which cannot even cover my loan + maintenance fee if there is. Give you an example SB residence now selling RM1M and I can see each day the number of for sale signs increase now roughly 15% from total residents. Buyers are not moving that fast compared to sellers. Please check out the Spring. How many units are occupied? 3 year plus after OC if not mistaken. 2005 when I started work and 2012 for a fresh graduate basic pay is still the same in general. In 2017 if the fresh graduate still earn the same like 2005 then where is the stability assuming property prices increase 15% to 20%. The only property they can own is below RM250,000 at max within 2 years working.

No offence but we live in a democracy country and you believe in what you believe and I believe in what I believe.

Btw nice debating with you.

Cheers.

 
March 7, 2012 at 12:54 AMMr.Tan

hi Evalulu,

Any staff of ijm can help u to hire the bangala, as i know from summerplace , maritimesquare and now the vertiq.

If he / she dont want to help u ...
Just go straight to the malay security and said u want to hire bangala to buy property, they charged RM 250 perday, that everybody know this tactic long ago.

Actually the security person profit little from that, should be RM 150 perday. RM100 is introduction fee.

 
March 7, 2012 at 1:01 AMMr.Tan

I expect this condo future price will better the platino because it is not so big and low maintance fee. should perform better. If ijm successful open a short cut / underground road from jelutong highway, then sure the value will up again. I think this is the
last ijm project in egate area, hope my mum invest the right property :)

 
March 7, 2012 at 7:58 AMRafael

Firstly, in my part 2 reply i didn't claim that you were working in a solar manufacturing hub. I simply said do not be a hypocrite and work in bayan lepas. It could be any company that contributes to the pollution that you claim that they are emitting. - Like I told you that you work in any place there is always pollution. Noise pollution does not mean from vehicle or Penang 2nd bridge construction. It can be from office place aswell.

Secondly, i am buying for the asset appreciation. Since assets has already appreciated since 2008,2009,2010 and 2011 and is still appreciating as we speak because of all the money the world has printed e.g. Federal Reserve, Bank of England, Bank of Japan, EU banks etc - Since you are buying cash and this is your tactic then you should believe what you believe. - You might want to check on commodities price and property prices on HK, SG, China (example Shanghai).

People would eventually have to resort to rental. Hence, rental will do some catching up soon since the middle income people wouldn't be able to afford to buy a new condo or a house. They would consider renting. - People can always go to other states to work. Kulim/Ipoh/Johor to work for example. To give you an example a terrace house in bayan lepas rental in 2000 was RM1000/mth until today at most increase RM1100/mth vs property price increase. Therefore you theory needs a lot of catching up. Still depends on location however this is what I see at the moment.

I believe everything i have talk about so far has something to do with properties. Environmental issues and your own self interest on the other hand is a different topic all together.
If we have a stable political party such as DAP with policies that encourages economic growth, property prices would increase. - This is what you believe which has nothing to do with my believe.

About me being Einsten, i have to agree with you,if you are comparing me and you, it is pretty obvious that i am the Einsten. I talk facts. - Not sure which facts that your are referring to (some are true)? I also have facts so does that mean you are still the obvious Einstein. The right spelling Einsten is actually Einstein. Hahaha ......... now we know who is Einstein here. :-)

By 2013, if you don't get a substantial pay increment, you should seriously consider quitting your job. You are obviously in the wrong profession or your boss doesn't appreciate you as an employee. - Yes you are right I don't intend to be an employee my whole life.

Let's talk about Lynas since you brought it up again

No risk no gain? I agree with you on that but i do not risk people's health and the environment when i enter the market or buy a property. It is not the same. You seriously need to get your facts right. - where is your facts on this solar panel hub on environment safety? do you think if something bad happens to this solar panel hub manufacturing it would not impact the property prices within 10km radius?

 
March 7, 2012 at 10:33 AMcondomana

Wah...you guys still not done ah?...good stamina ah!

Hi Rafael,

Maybe a little bit of environmental lesson for me, what is so bad about solar factories ah?

 
March 7, 2012 at 11:35 AMpetestop

Ya, would like to know the potential pollutants from Solar panel manufacturing as well.

As I understood it, Solar panel is mostly Silicon crystals, aka sand.

 
March 7, 2012 at 11:42 AMpetestop

The point is that many are buying such properties at a future price after the major increase in 2010-2011.

Take the case of Platino for example, those who wish to dispose of it, will have to tan ku ku.

Right not it is not wise to invest, expecting price will appreciate that much further. Invest if the property has good fundamentals like good occupancy rate, good rentals.

Purely speculative investment will get many ppl burnt, unfortunately many newbies are in this category, bcoz they can't wait anymore and it may even be their first purchase.

For my money, I would shop around for sub-sale units with good fundamentals to get positive or minimal negative cashflow, while waiting for the next up-cycle.

 
March 7, 2012 at 1:16 PMjeremy tan

i deleted the post because i think it is not worth wasting my time explaining to you.

I just have to put an end to your confusion.

"Like I told you that you work in any place there is always pollution. Noise pollution does not mean from vehicle or Penang 2nd bridge construction. It can be from office place as well."
My reply - You still don't understand, i am calling you a hypocrite because you claim that the manufacturing hub in bayan lepas contributes a lot of pollutants into the environment and people are making a big fuss over Lynas. So, my reply to you was to stop being a hypocrite yourself claiming this and that and still work for a company that contributes to pollution. Btw, you started the environmental topic. Do you still remember? It is ok i just refresh your memory.

"Since you are buying cash and this is your tactic then you should believe what you believe. You might want to check on commodities price and property prices on HK, SG, China (example Shanghai). "
My reply- You are giving me lessons on commodities? I so happen to own commodities as in the physical form of it and not the papers and contracts you buy on the Tokyo Commodities Exchange or Nasdaq. For your info, commodities owners let it be plantation owners or oil rig owners. They have to put their profits somewhere and here is where the spill over effect starts. We invest in properties. Get it?


"People can always go to other states to work. Kulim/Ipoh/Johor to work for example. To give you an example a terrace house in bayan lepas rental in 2000 was RM1000/mth until today at most increase RM1100/mth vs property price increase. Therefore you theory needs a lot of catching up. Still depends on location however this is what I see at the moment."

My reply- Indeed, they can work anywhere and that is why they chose Penang because we have job opportunities here and economic stability. Provided you want to be a government servant you can work anywhere in Malaysia it doesn't make a big difference.My theory on rental? It is not my theory and it is a fact that i got from an online property survey and recently a media commentary by the president of real estate agents. Yes the stuff that i am talking about has references to it. It just doesn't come out from my mouth. And when i say the world are printing a shit load of money, i am talking about documented figures. So, yes unlike you i don't talk shit.

"This is what you believe which has nothing to do with my believe."
My reply- Yes i believe i have been talking about properties all along. Not too sure whether you still follow. Perhaps you believe in money and profits only, hence your support for Lynas.

"Not sure which facts that your are referring to (some are true)? I also have facts so does that mean you are still the obvious Einstein. The right spelling Einsten is actually Einstein. Hahaha ......... now we know who is Einstein here. :-)"

My reply- Grow up. You are in your late 20's and you have a lot to learn. Before you start correcting me on my spelling perhaps you should start looking into yours first. I can start pointing out the mistakes in your sentences as well. Why bother? waste of time.

"Yes you are right I don't intend to be an employee my whole life."

My reply- i am afraid you will be an employee, unless you save enough and start investing. I am not saying this because i am belittling you, provided you have enough capital and most importantly the brains to execute it, you are not going to go far. You can always settle with a Nasi Kandar stall if you don't mind or a Char Koay Teow stall for that matter (not being racist, i have included Chinese food in this comment as well)

 
March 7, 2012 at 1:58 PMtwyeow88

penang for capital is good. rental tan ku ku. almost every year change tenant, and vacant period of 2 to 3 mths in between. have to replace furniture, pay agent. after everything, rental yield is only 2 to 3%, not enough to pay interest. expat, very few only. sometimes, i think buy landed and rent out to locals better. no furniture provided and they stay for years.

in fact i was going to say KL is better in terms of investment for rental and capital. klang valley is now call "Greater KL", sounds like "Greater London". and has a population of 7.2m now. by 2020, population will be close to 10m. In fact Tim Murphy was saying that by 2030, Greater KL is going to be bigger than Greater London. 10th economy plan-mrt, islamic financial, high speed train, all in KL. oil & gas hub (RAPID) in johor. seems like nothing in penang except local demand.

 
March 7, 2012 at 3:42 PMUnknown

Dear twyeow88 may i know where are living currently ? KL or Penang.
I am from penang but working in KL.

Thanks

 
March 7, 2012 at 4:31 PMpetestop

Shop around and you will be able to find Penang properties with rental yield above 8%.

If you haven't, then you haven't tried hard enough.

Sure KL property very hot, but you wanna drive 5 hours to fix a leak in one of condos there ?

Still, I'm a bit of a handyman myself, so maintaining rental properties is sap-sap-soi for me.

On the other hand, you can always plonk lots of money into properties like Platino and tan ku ku.

Meanwhile, with my 8% yield, and my 10% equity in the property, I'm reaping upwards 10x the yield (actual returns will be less due to overheads), but still better than waiting for property price to go up another 10~25% in years before able to see any cashflow (only see on paper, until you able to dispose of it).

Likewise with rental properties, you can really *afford* to tan ku ku, since someone else is paying for your property and your equity in it is minimal, yet you control the whole property.

Anyway, I'm just waiting for another recession to come.

 
March 7, 2012 at 5:35 PMjeremy tan

Hi Rafael,
Let's talk about Lynas since you brought it up again

"where is your facts on this solar panel hub on environment safety? do you think if something bad happens to this solar panel hub manufacturing it would not impact the property prices within 10km radius?"

My reply- Listen carefully. Don't want to repeat myself again.

So u r talking long term? Do u know WHY other rare earth rich countries, like USA, does not give new license for rare earth extraction in situ?

Do u know that one of the reason for that is bcoz the current technologies used for rare earth extraction would ALWAYS lead to excessive environmental pollution (both radioactive & non-radioactive)?

95% of the world rare earth requirement is provided by China, whose rare earth content is ONLY 36% of the estimated world volume. USA has more. Ditto Oz. Yet, due to loose control & ignorance, China has managed to become the largest producer of rare earth. Until recently, the tightening of the safety rules means why suddenly China has reduced the export of rare earth to other countries. Consequently the rare earth commodity prices rocket upward.

Perhaps in 20-30 yrs time, new technological advancement for rare earth extraction would be friendlier to the destruction of the environment. By then, old tech fuss like Lynas Genbeng would price itself out of the economical loop with tons of accumulative radioactive waste to look after.

So "We need to find alternative source of income NOW. We shall benefit fully from lynas after the end of the 12 years tax break" - dream on.


Many people FORGET about the accumulative & cumulative effect of the radioactive dosage. Both effects are harmful to human.

Thorium is forever present in the mineral ore from Mt Weld, though in very minute quantity. The extraction process of the required rare earth elements increases the concentration of the thorium. This also directly increases the radiation level, though in an incremental dosage. Eventually the dosage reaches lethal level due to the large volume of the waste accumulated. Bukit Merah cleaning process now faces a storage problem of how to safe-keep the dangerous level of radiation due to the accumulated volume of radioactive waste.

Do you know that the new solar panels are recyclable? They consist mainly of crystalline silicon.
Why are you comparing crystalline silicon with Thorium enrichment?
The RF industry probably contributes more radiation than the solar industry whenever a consumer uses it.
You obviously do not know what a solar panel contains.....and what a nuclear bomb contains for that matter or a nuclear reactor....i rest my case.

 
March 7, 2012 at 6:09 PMRafael

Hi Jeremy Tan,

Like I say you believe what you believe and I believe what I believe. We can continue debate and both of us will have our differences and yet nobody win or lose because at the end of the day you still have your property, ETF, plenty of cash and I still have my own staff. Thanks for the Lynas info and feel free to read the below info on solar panel. -> This is what you called knowledge sharing rather than argue and see who wants to win. I rest my case.

Yes you are right I have a lot learning to do that is why I read this property blog to get more info and to cut short my learning curve.

Hi condomana and petestop I owe you info on the solar panel potential hazards. Please read on this.
1)http://www.enviro-friendly.com/solar-hazards.shtml
2)http://en.wikipedia.org/wiki/Photovoltaics
3)http://www.energyjustice.net/solutions/solar

 
March 7, 2012 at 6:14 PMRafael

Hi petestop. I like how you think about property in Penang and looks like we are on the same channel.

Looking forward to discuss with you more on property ideas in Penang market.

Kindly PM me at rafael91Ltd@gmail.com

Cheers.

 
March 7, 2012 at 7:12 PMMr.Tan

Congratulation to vertiq buyer....price now revised up RM70k for the remaining unit, confirmed by IJM

 
March 7, 2012 at 7:41 PMTim

Could not clear all the stock, yet price goes up.

The only explanation is manipulation + speculation. Not reflecting the real market demand-supply law.

 
March 7, 2012 at 7:43 PMTim

To test the real market value, you just top up 70K of your purchased unit as post in to mudah.

Can get buyer meh?

No such easy money - Earn 70K just less that 1 week.

 
March 7, 2012 at 8:15 PMKenny

Hi Mr Tan,

Up 70K is for how many sqft ? Heard no more DIBS for new buyers.. not sure true or not..

 
March 7, 2012 at 8:27 PMjeremy tan

Hi Rafael,

Your links on solar panels. Do you even read through it properly?

First link: Reference back to 1974? Revised in 1994. I don't blame you for being ignorant and naive. Before you try googling for information learn how to filter it first. Secondly, you should google Thorium and perhaps you will realize that if you want to compare crystalline silicon to Thorium you would have an idea on what you are talking about.

Second link: Talks about solar panels and most importantly how it contributes to the supply of clean and green energy.

Third link: I can't even load the bloody link. Pardon me for my language. So i can't comment on it but i would believe that it would be a source of obsolete information as well.

My advise: Get the latest updates on solar panels online and Thorium as well.

Yes, this is what i call sharing knowledge.

There are only 2 ways of learning. Either you read a lot or you learn from people who does. If you really want to but short your learning curve, perhaps you should learn how to listen instead of claiming that you believe in what you believe and i believe in what i believe.
Reason? It is not about what you and I believe, it is about facts that are documented and certified by organizations.

Cheers.

P.S: Do rest your case. Once shy, Twice Foolish.

 
March 7, 2012 at 9:13 PMPG kia

Up 70k on paper then giving discount 70k behind? :-D

 
March 7, 2012 at 10:18 PMRafael

Hi Jeremy Tan,

First link: Reference back to 1974? Revised in 1994. I don't blame you for being ignorant and naive. Before you try googling for information learn how to filter it first. Secondly, you should google Thorium and perhaps you will realize that if you want to compare crystalline silicon to Thorium you would have an idea on what you are talking about. - You might not need to jump to conclusion since this is an article. Probably you can feedback to get the latest article research updated 2012 to the author at dsimanek@lhup.edu. Since you admit that you don't work in solar panel industry how do you really know the materials used for producing solar panel example Bosch, First Solar and etc? I am not talking about the technology implementation but the materials used.

Second link: Talks about solar panels and most importantly how it contributes to the supply of clean and green energy. - Agree but please read down till the title Disadvantages. Not sure you read all or you just read the positive side.

Third link: I can't even load the bloody link. Pardon me for my language. So i can't comment on it but i would believe that it would be a source of obsolete information as well. - http://energy.ca.gov/reports/500-04-053.PDF
This is a research carry out in 2004. I highly recommend you read section 3-1 explains how the silicon and thin-film solar cells are produced. Section 4 explains the risk to workers in short term and long term. Enjoy reading.

My advise: Get the latest updates on solar panels online and Thorium as well. - please provide me the links. Thanks. - Yes let's read more to gain knowledge.

Yes, this is what i call sharing knowledge.

There are only 2 ways of learning. Either you read a lot or you learn from people who does. If you really want to but short your learning curve, perhaps you should learn how to listen instead of claiming that you believe in what you believe and i believe in what i believe.
Reason? It is not about what you and I believe, it is about facts that are documented and certified by organizations. - Yes agree.

Cheers.

P.S: I rest my case. Three smart, Four Tried to out smart but fail.

 
March 7, 2012 at 10:46 PMjeremy tan

Rafael

!,2,3 and 4. You didn't answer the questions over and over again. You diverted it as usual.

Outdated 1974 info you provided. Why should i look it up since you claim you are providing us with the info in the first place? You provided the info without filtering it....still want to argue for the sake of? Instead you change the topic and ask me to send them an e-mail regarding the obsolete website that you recommended? This is hilarious.

I thought we have achieved an understanding that everything has disadvantages and it is between the pros and cons that we are discussing about.

Thorium VS Silicon crystalline. Stay focus please.

You are over emphasizing the risks that solar panels inherent and you claim the big hoo-hah about lynas was just a fuss? Stop being a hypocrite. You have no idea what you are talking about it. Lets start in numerical order. Highest amount of toxic waste and radiation: Lynas > RF > Solar.

Btw, Solar energy is under clean energy and they get incentives for promoting it.....

Thank God that this is a blog.

I am done educating you. Reply as you please. I am not wasting anymore of my time. The U.S market is opening soon.

Cheers.

 
March 7, 2012 at 11:31 PMtwyeow88

Unknown,

I am from penang like you. but I am neither in penang nor KL now. penang or kl properties are equally good because population is growing (2.4% national wide but maybe kl and penang higher). but doesn't mean that prices will continue to go up in near future unless there is something going on. and this "something" is now happening in KL. btw, there are many BEST things now in kl as i mentioned earlier, and obviously we want to participate in growth area. make or lose money eventually is different story. take a look at the Greater kl property/infrastructure map (by Ho Chin Soon) and you will understand better. it's very well presented and foreigners are impressed.

Petestop,

don't worry about 5 hrs away from KL coz you can always buy service residence with rental guarantee and they will manage for you, or appoint professional mgmt company to do it. we can't possibly do everything by ourself. sometimes we just have to focus on what is more important and let go others.

btw, i am interested to find 8% yield in penang. Can you share with me?

 
March 8, 2012 at 7:43 AMRafael

Hi Jeremy Tan,

Agree this is a blog for Vertiq condo.

Please PM me thru my email rafael91Ltd@gmail.com at what else you are not clear.

I am also done debating with you. Reply as you please thru my email. I am not wasting anymore of my time. The HKSE, SGX and KLSE market is opening soon.

 
March 8, 2012 at 9:11 AMEvalulu

Does that mean IJM staff take introduction fee as well? I wonder how much does the IJM Land staff and the security guard earn for each launching? If RM100 introduction fee, 100 people go line up = RM100x100 = RM10,000 for one night eh?

If can earn so much then maybe it's a good idea to open a company to do just that business =.=

 
March 8, 2012 at 10:21 AMcondomana

Hi Rafael,

By the time I'm done reading all the links you attached, I still couldn't find anything that's as harmful as Lynas industrial waste. A few precautions were highlighted for factory workers, but I guess the same goes to most of any other industries whereby specialty materials and solvents are used in the manufacturing process, nothing as lethal as Lynas.

 
March 8, 2012 at 10:32 AMcondomana

Hi twyeow88,

Since you touched on KL, maybe there's something that happened in KL recently that everyone should know.

Anyone noticed the slew of property advertisements in the newspaper offering rebates, cash back, Free S&P, 0% interest etc, especially for KL project? Well, that was in response to the recent poor response(and very poor as in no sales) to property launches in KL. There was PANIC amongst developers. Advertising budgets were approved immediately to salvage the situation.

Thought you guys should know this.

 
March 8, 2012 at 11:47 AMtwyeow88

condomana,

I agree with you. sales has slowed down. but a lot of projects are priced very high especially in KLCC, bukit bintang, KL sentral. RM1000 to 2000psf (but still 3 to 4 times cheaper compared to cities with MRT) in anticipation of MRT and interchange to be built. some have more than 30% sold to foreigners. they give rebates 5%, 10% but when more than 60-70% sold, they raise the price. and some bring the remaining 30% units to HK, S'pore, china. i think the big guys have made a lot last couple of years and good landbank is hard to come by. so, they have the financial muscle to give rebate or rather not to sell if the price is not right. and they may gradually raise the price over the years when it draws nearer to MRT completion.

what i am trying to say is local demand has probably exhausted in the country. with selling point that never exist in the past, they are bringing projects to overseas.

 
March 8, 2012 at 1:17 PMproperty guy

Yes, kindly move other discussions elsewhere. Things like Lynas, solar, etc, and "KLSE, Dow Jones market opening soon" - has nothing to do with this property, we don't really care which market you are investing in =)

 
March 8, 2012 at 1:58 PMtwyeow88

property guy,

ok, back to this project. what is their selling point? most people buy for investment hoping to flip or buy for own stay?

700k+ can buy old double storey terrace and put in some repair cost. or Platino also quite nice, color matching quite trendy and looks high class. 800k+ can get more than 2000sq ft.

 
March 8, 2012 at 2:06 PMcondomana

Hi property guy,

Maybe there's nothing interesting about Vertiq to talk about? that's why people started talking about other things, and the response was good...right?

 
March 8, 2012 at 3:29 PMRaymond Yap

I believe the success of Vertiq is due to its pricing. At RM550/sqf. which means the price of smallest unit is RM574K.

These are another group of dire-hard IJM fans who probably missed the Light Linear due to bulk purchase, and at the same time this same group of people cannot afford the RM1million price tag of Light Point / Collections. Probably Vertiq is their 'final' chance.

I guess for other more experienced speculators... they prefer wait-and-see. Got money sure got kang tau one, why so impatience? There wont be running out of properties in Penang, just make sure we don't run out of money.

 
March 8, 2012 at 6:01 PMcondomana

Hi twyeow88,

You have mentioned a few times about the comparison between landed and condos.

My observation is that there is a gradual preference change for the younger generation.

With a budget of less than RM 1 mil, what can you get? A terrace house with no view in Air Itam/Greenlane + reno?, and then have those blue collar workers and retired old people as neighbours?...:)) No lah, they want hip condos adjacent to "happening places", with a hip address, and preferably with seaview!...:)...aaahhh. So what if the space is smaller! Even old people nowadays prefer small apartments with a nice view. But their only complain is maintenance fees lah.

 
March 8, 2012 at 10:36 PMtwyeow88

Condomana,

Thanks for the explanation. coz before 2006, all condos never appreciate in price. landed is the only way to go. now i know condo can be an investment going forward.

 
March 9, 2012 at 8:28 AMproperty guy

Does this make Vertiq look cheaper?

http://www.mudah.my/Platino+Luxury+Condo+with+Rental+Return+RM+750k-14181020.htm

 
March 9, 2012 at 9:53 AMtwyeow88

http://www.iproperty.com.my/propertylisting/834145/Persiaran_Tunku_Kudin_Condominium_ForSale

this one is cheaper. RM467psf. and ready to move in/rent out. central park is even cheaper. 800k for 2500sq ft. delima palace in island glades also.

 
March 9, 2012 at 5:58 PMproperty guy

huh. But different location?

 
March 9, 2012 at 11:49 PMMr.Tan

IJM will up all remain unit by 60k to 70k , but balance unit only 1500 sqfeet. Actually for me, this project is quite ok to invest because u pay nothing until completion in 2015, that means 3 years to relax, earn some extra downpayment and 2 carpark, some unit 3 carpark, then 10k rebate for earlier bird discount and 10k for first 150 buyer, it is worth to make invest, heard that ijm will release bumi unit next 2 years with 100k increase! that means until oc u simply can sold at net profit 160k. Penang property sure 100% wont drop...look at history past 30 years ago, u will know, this is the beginner only, heard news after election, penang property will shoot high again. believe or not :)

 
March 9, 2012 at 11:53 PMMr.Tan

1 more ...Vertiq location is very good, and remember when u invest in penang, choose the sea view condo, the price will shoot faster. look at summer place...leasehold almost double price ...! 320k, now 520k within 3/4 years. Even nautilus bay house seaview also 1.5m also leasehold.

 
March 10, 2012 at 12:33 AMMr S

nautilus bay house seaview for the pricing of RM1.5m? Are you sure? Have you confirmed with VALUER? sweat of most ppl who just name their own prices...

 
March 10, 2012 at 1:58 AMCK

Nautilus Bay sea view at 1.5mil??? Mmmmmmm

 
March 10, 2012 at 9:24 AMPen

Well, Tan is right, at least 3 sellers are listing their properties at 1.4-1.6mio range at Nautilay Bay.

http://www.mudah.my/Nautilus+bay+three+storey+house+seaview-14210075.htm

It's the buyer's market now, foresee the price will drop.

 
March 10, 2012 at 2:15 PMproperty guy

Huh? Platino 1800 sq ft is 850k. Does it then make Vertiq a little bit more expensive?

http://classified.apartment-penang.com/property/35985.html

 
March 10, 2012 at 4:00 PMmax

The asking price is double or the transaction price is double?

That makes a lot of difference.

 
March 10, 2012 at 7:17 PMskysboyz

Yes nice location got free power plant view as well. & everyday 5.30 pm got smoke show. now is 550k after that sure can hike up to 750-800k after completion for 1000 sq ft. Just buy it!

 
March 10, 2012 at 11:42 PMproperty guy

skyboy - too bad you missed it :)

 
March 11, 2012 at 5:54 AMlim

http://www.mudah.my/Nautilus+Bay+facing+mainroad+seaview+RM900k-13741012.htm

Nautilus seaview 900K only.

 
March 11, 2012 at 8:32 AMPenang Fan

Left side the electric plant with cancerous pollutant churning out from the big chimney every 5.30pm and on the right side there is a huge surau(inside Teachers Training College) just opposite Vertig. The Loud speakers are directed to Vertiq.

If you are not a Muslim you may not appreciate the call to prayer at 5.30am every morning blasting away. I wouldn't buy Vertig due to these 2 factors.

 
March 11, 2012 at 3:27 PMskysboyz

Property guy yes I missed the boat I also want to be as rich as previous Bayswater owner

 
March 13, 2012 at 10:19 AMUnknown

Property in Ipoh goes up ? Now semi-D cost RM220,000.

Property in Spain, Ireland, USA (Florida and the rest), Portugal crashed and still dowen. UK, France, Italy property stagnant. All waiting for inflation to re-align prices. It's a long-term strategy, very long term.

Penang prices make the island less attractive to mid-income foreigners. And the place is so small. Foreigners will look elsewhere, just as the rich foreigners go to Singapore.

KL prices are on the way down. I guess Penang is special ? just like the dot.com specialities in 2000.

The problem in Penang isn't price. It's the crap quality of the building, the immature attitude to maintenance, and the focus on the speculator rather then creating anything worthwhile for the island's future.

 
March 14, 2012 at 10:49 AMtwyeow88

Unknown,

You have your point. but property is mid to long term investment. and it depends on population (young working population) and development plan which both KL and Penang also have. in some countries, these may be lacking (low birth rate, ageing population where more than 1 quarter of the people going to retire) and could be a long term problem.

our nationwide population growth is 2.4% (penang. on the back of 1.6m, that's 38k a year. yes, there may be a mismatch of type of property people can afford but demand is there. even at RM550psf, it's still affordable compared to more than SGD1000psf of similar location in S'pore with salary on RM1 to SGD1 basis. the main reason why cannot afford is people are spending too much elsewhere eg. holiday, food, happy hour, shopping, etc. yes, prices may be down but it's difficult to time the market and you will miss the boat. btw, Ipoh was below RM100k. and even now cyberjaya (part of greater KL but 25km away)is close to RM1m for a terrace house.

 
March 15, 2012 at 2:03 PMUnknown

"it is difficult to time the market and you may miss the boat."

or sink with it.

Neither KL nor Penang are isolated from world economic events, and those of their own re: 1997.

A wider view, and less agenda, assists the informed investor.

Singapore isn't comparable with Malaysia. Comparing prices in Singapore with Malaysia seems to be the ill-informed let-out of the comments from developers. Just as a pop density of 18,513/m2 for Singapore can never equate on any scales to Malaysia's 223/m2.

 
March 15, 2012 at 3:02 PMtwyeow88

Unknown,

you don't seems to get the point but keep annoyed by world economy event this year, next year. stock seems to suit better if your time horizon are few mths, 1 to 2yrs. somemore can short sell (with CFD account) and make money if world economy is the concern. of course when prices are high, we got to be more careful which is why we are here exchanging our views. but that doesn't mean there is no good deal out there or you must stop totally. yes, stock trading, we look at short term event. but property, we look at population and development.

btw, are we talking of being happy or retire with 50k to 100k by successfully flipping a property? or are we talking of building a portfolio lifetime to help generating passive income?

 
March 15, 2012 at 4:09 PMUnknown

I get your simple point. Agreeing with it is a different matter.

 
March 16, 2012 at 8:55 AMcondomana

Hi twyeow88,

Can I seek your expert view on 2 matters?

(1) What do you think Spore's property price would be today, if foreigners are not allowed to buy property there?

(2) What do you think Penang's property price would be today, if foreigners are not allowed to buy property here?

Thank you in advance for your opinion..:)

 
March 16, 2012 at 9:47 AMtwyeow88

your questions are assumptions that will not happen at least not in the near future

1. s'pore has approx. 3.2m citizen and 1.8m foreigners (incl. PR). s'pore depends a lot on foreigners/foreign funds/foreign talents. more than 30% of properties in s'pore are owned by foreigners, particularly high end in orchard areas. the country will stop progressing if foreigners are not allowed to buy.

2. only 2% of properties in m'sia are owned by foreigners (i m assuming penang is the case). it may impact high end. but not much on others. btw, your assumption is on the contrary to what the m'sian govt is currently doing eg. M'sia Property Inc. to promote properties overseas.

 
March 16, 2012 at 11:08 AMCK

You have not answered Condomana question Mr Expert....

 
March 16, 2012 at 12:23 PMtwyeow88

CK,

Answered already ah! maybe not clear is it? the answer is prices will be "LOWER" without foreigners participating in s'pore mkt. or you want specific price per sq ft.? then you give me a district/project, i work out for you

penang prices today has nothing to do with foreigners.

 
March 16, 2012 at 2:09 PMcondomana

Hi twyeow88,

Thank you for your response. We will come back to Penang later on. Let's talk about Spore first.

(1) If I suggest that property price would have been half of what it is today in Spore without foreign ownership, would you say I am way off?

(2) Do you think it is good for Sporean overall that property ownership is opened to foreigners, resulting in high property price?

Thank you in advance for your opinion..:)

 
March 16, 2012 at 2:36 PMtwyeow88

condomana,

regarding your question 1, i would say maybe.

question 2, no, general public will not like the country's property prices to be high except property investors. BUT when you include other benefits (strong currency, job oppor.)that development bring along being a country that is open to foreigners (including home ownership), the thought maybe different.

do you want penang terrace house to be RM100k while your salary is only RM1k or house RM1m and salary RM10k?

 
March 16, 2012 at 6:15 PMjeremy tan

Hello to the both of you,

FDI is the way to go if you really want our economy to expand. There must be less protectionism if you want a proper free market to self regulate itself.

Don't be mistaken, even though prices of properties in Singapore is very high but GDP per capita wise it is the 3rd richest country in the world according to Forbes.

Inflation of asset is inevitable for the simple fact that the legal tender that we used is made from cotton aka paper money.

Without FDIs our Power Purchasing Parity will never be in par with other countries. It will make us look weak and cheap.

Growth will be stagnant and the economy will not be sustainable for the simple fact that Penang like Singapore has no oil or enough natural resources to sustain itself. Hence, we rely heavily on FDIs into our manufacturing sector to create jobs and growth for the state.

Just like China, they never really opened their doors until the 70's and since then they have been booming.

My point is, for Penang to be successful we need to open our doors to a certain percentage of foreign ownership.

 
March 20, 2012 at 9:30 PMRafael

Hi Jeremy Tan,

Since you did not send me an email please read this link.

http://thestar.com.my/metro/story.asp?file=/2012/3/20/north/10948764&sec=north

Anything please reply me at rafael91Ltd@gmail.com

Regards,
Rafael

 
March 21, 2012 at 12:18 AMcondomana

Hi jeremy & twyeow88,

It is true that when you have an open, COMPETITIVE & CLEAN economy, it attracts FDI, and in turn that increases GDP, which ultimately results in more money in the people's pockets.

Top property investors in Spore are the Chinese, Indos, and Msians while top FDI are the americans, japs & europeans. See the connection? or rather the disconnection!...:))..So to your question twyeow88, would I like RM1k salary to RM100k house, or RM10k salary to RM 1 mil house? I'd say we should aim for RM 5k salary to RM 250k house!..;). That's what you call QUALITY of life..:)

 
March 21, 2012 at 12:50 AMcondomana

Hi Rafael,

I would bet Mr Huan has never set foot on a wafer fabrication plant before. I am sure he knows nuts about the complicated manufacturing process.

With a moderate labour cost, plus a proven skilled local work force in kulim high tech park, I believe Malaysia is nicely positioned to take advantage of this solar boom. A lot of other countries are fighting to get this (unlike Lynas, a lot of other countries are fighting to get rid of it). Solar has the prospect of providing massive quality jobs and spin off supporting industries. This could be part of what it takes to escape the "middle income trap". Mr Huan, don't screw it up just because you need to suck up to your BN backers! ...cheers!

 
March 21, 2012 at 1:41 AMCK

Hahahaha..... I like :)

 
March 21, 2012 at 10:34 AMRafael

Hi Condomana,

Please check out this link
http://www.reuters.com/article/2012/03/13/us-china-trade-eu-idUSBRE82C0JU20120313

Regards,
Rafael

 
March 21, 2012 at 11:27 AMpetestop

RM5k salary really not much nowadays, RM10k just abt getting into comfortable zone, but hardly considered wealthy.

To me RM5k is poverty line, I would be running a deficit on this!

How one can increase his income, to me is matter of his perception and mindset. If he think he should be earning more, he will find ways to make up that figure. If already satisfied, then will remain stagnant.

Everybody born with a set of brains and the same 24hours in a day, how once uses it, that makes the difference in life.

 
March 21, 2012 at 11:52 AMtwyeow88

sounds like motivational talk. yes, you are right BUT you better learn how to live below RM5k also. and put away the excess to generate more money. otherwise, increase income followed by increase expenses, you are getting no where.

 
March 21, 2012 at 1:18 PMcondomana

Hi petestop & twyeow88,

Before and just in case you guys get into a heated debate about what's considered wealthy, the RM5K that I quoated was just a random number, just to make a point that if we (as a nation or state) can tweak our economic model so that the people's income can grow faster than property price, than everyone would enjoy a better quality of life...:).

Spore recognized property price is moving much faster than the people's income to the extend of endangering the people's quality of life and maybe to a certain extend the stability of their mortgage system, therefore a blanket 10% stamp duty has been imposed for foreign buying. Whether effective or not, too late or not, that was an admirable decisive action.

 
March 21, 2012 at 1:49 PMcondomana

Hi Rafael,

Thanks for the link.

Yes, as usual, the Americans are very smart in using their influence to bring down export tariff from China so that they can enjoy cheap rare earth produce and yet not having to contaminate their own soil. However, China also very smart. They won't let you have it so easy because they are paying a heavy environmental price to produce it.

Now here comes the super smart Lynas. Australia has plenty of raw rare earth, but they can't (or extremely expensive to) process it there as the aussies know about the shity by-products. So, they need to find a place to process it cheaply without export tariff so that they can export all-the-bloody-hell-they-want to US and put a grin on Obama's face while laughing all the way to the bank.

And finally here comes Malaysia Boleh!! Give tax holiday somemore ah my friend!!...:))

 
March 21, 2012 at 3:35 PMtwyeow88

we don't hv to tweak the economic model, in fact we can't also. but we are still able to enjoy better quality of life than our parents. in today's credit/financial world, the bank comes in to help us lock in the price and pay 80-90% on our behalf even though we can only afford 10-20%. to catch up the pace of increase, we buy a few more using the same principle.

 
March 22, 2012 at 10:52 AMpetestop

Nowadays, the world is that much smaller.

Nobody prevents you from earning foreign dollars, but spending it in MYR.

Thus if you think you can only earn RM5k a month, then you will get what you perceive is your worth.

But if you think you are worth USD5k a month, then you will reach that level of income.

Saving and scrimping won't get your there.

 
March 22, 2012 at 1:28 PMcondomana

Hi twyeow88,

If your income is increased from RM1k to RM5k, and house price is decreased from RM 1 mil to RM 250k, that means you can afford to buy 20x more houses than what you can afford now. You should be happy right?...:))

Hi petestop,

Actually the world has been small for quite some time. The Indo and filipino maids discovered that 30 years back. With the money they bring back, the can buy large track of land to build their bungalows...;)

 
March 22, 2012 at 2:11 PMtwyeow88

ya! definitely. maybe will do something like the indo/filipino do. get a 2nd home program and live in sea facing villas for 250k(with private pool) in thailand/indonesia when retire.

 
March 29, 2012 at 2:03 PMcondomana

Wah!!...Going IPO so soon??...:))..Think you guys should go get a real job, something that contributes to society..:)

 
March 29, 2012 at 5:05 PMjeremy tan

Condomana,

Yea, even Jazz residences has a couple of units that went IPO last week just before they sign the S&P next month.

UDA will be building another 4 blocks next to the brezza.

From what i heard it will be going for RM450-RM700/sft depending on the level, the view and the size etc.

It will be launching in September this year. Thought that you might be interested if you are still looking for a condo.

 
April 2, 2012 at 9:45 AMpinkybutton

any more units left?

 
April 2, 2012 at 10:00 AMproperty guy

only the expensive big ones. or bumi lot.

 
April 13, 2012 at 9:26 AMSwee Yean

Anyone know is the high rise building (particularly IJM Vertiq to be build) in Penang Island is solid and strong enough to take on the earthquake happen in Sumatra? E.g. Apr 11 incident.

 
April 14, 2012 at 5:40 PMproperty guy

No idea, any high rise collapsed before so far? How about other high rise?

 
April 24, 2012 at 12:03 AMcondomana

I was told a lot of those who queued up to buy the other day do not plan to proceed with signing the S&P after all.

 
April 24, 2012 at 2:02 PMproperty guy

not true. i put my name to the iJM sales to call me back if people reject. But they kept telling me none until today. So who didn't sign???

 
April 24, 2012 at 6:50 PMInvestor

Any units left? Prefer 1000-1100sqft

 
April 24, 2012 at 10:37 PMproperty guy

condomona - who told you many people didn't sign?

 
April 25, 2012 at 8:18 AMAC

Yes, it's true owing to the land. The main road tend to be higher than the land of the condo. So, it is like burial land in chinese believe. Not a good fengshui. My colleague drop it too and do not want to proceed for signing.

 
April 25, 2012 at 1:21 PMV_Class

So, conclusion vertiq good to buy or not?

 
April 25, 2012 at 1:26 PMV_Class

I heard ppl drop signing due to loan problem.not because sales not good.will be open for sale in May again.

 
April 25, 2012 at 1:46 PMV_Class

So who'S up to buy next month? New price. Mix small and big units.

 
April 25, 2012 at 3:58 PMcondomana

Hi property guy,

Don't be kan chiong. When the road is clear, they will call you. Then you can buy loh!...:)

 
April 25, 2012 at 4:40 PMV_Class

Property guy & Condomana..wan buy or not? vertiq next month. got small and big units.

 
April 26, 2012 at 1:34 PMproperty guy

see the price first, i think might be higher already

 
May 4, 2012 at 9:10 AMV_Class

Anyone bought vertiq this month? Open for sale already? Hows the construction progress?

 
June 14, 2012 at 4:54 PMtky86

Still have small unit availaible? im interested in this project.

 
June 15, 2012 at 12:23 AMUnknown

Sold out. I wanted to buy but could not get it. Anyway i found one better than this : )

 
June 19, 2012 at 8:46 AMV_Class

Better than this vertiq? Which condo eh?

 
July 17, 2012 at 11:38 PMMr.Tan

congratulation to all vertiq buyer, the cheapest bumi lot price set at 750k also sapu finished, 34 floor 10XX sf also up to 795k also no more.

 
July 20, 2012 at 10:02 AMV_Class

Mr. Tan, u mean all bumi lot sold already? tq

 
July 24, 2012 at 4:03 PMStanley

Be careful with the developer (IJM) juz in case they did not deliver like what happens to Platino Luxury Condo. Pls read the blog on this property. The same thing might happen too to this project if profit is what they care. They normally sell in bulk to push up the price of the remaining units.

 
July 24, 2012 at 5:29 PMDD

Is Platino that BAD? or has IJM rectify all the complaints? Can anyone who has been to Platino or live there comment? Thanks.

 
July 24, 2012 at 7:27 PMMr.Tan

yes, bumilot all finished, confirmed by ijm. left the large unit at 2000sq only, got offer ...but left not much unit, for own stay is ok...if investment need to hold longer.
Vertiq location is good, i think when completion, price will further up at least 30% for the smallest unit. I also heard ijm the light project prices will up next year.

 
July 25, 2012 at 10:13 PMmacibeng

just make dp for vertiq. which bank you all borrow?

 
July 26, 2012 at 7:49 AMKenny

Can we know what type and how much you got your unit for ?

 
July 27, 2012 at 1:21 PMmacibeng

hi kenny, i took the type f. 1.295mil

 
July 27, 2012 at 1:24 PMmacibeng

which bank offer better?

 
May 6, 2014 at 6:28 PMmacibeng

selling about 1k per sqft now?

 
July 30, 2014 at 3:58 PMAnonymous

still have unit left from developer?

 
August 3, 2014 at 10:43 PMAnonymous

only bumi lot unit left... I heard IJM will release bumi lot end of this year

 
January 28, 2015 at 12:09 AMAnonymous

2056sqft with3 carpark selling for 2 mil.

 
February 9, 2015 at 3:52 PMAnonymous

dear summer lee, those owner that want to let you to sell their unit will contact you directly. Please do not spam the forum. Please be considerate because when you post, all others will receive notification.

 
March 6, 2015 at 8:00 PMActive Investor

Anyone who wish to let go the property at loss, please let me know. I will help you to buy when property price collapse.

 
April 30, 2015 at 7:02 PMAnonymous

any owner who wants to let go below 800k for unit above 20th floor please contact 0123675218

 
May 5, 2015 at 5:02 PMooi kuan

Few to letting go. Interested party can call or mail me direct to 019-4768 861 / jonathanooi@yahoo.com.my. Thanks

 
May 10, 2015 at 2:52 AMJeslyn Lee

Please contact me if you want to sell or to let.Jeslyn 0124730417.Thank You

 
May 29, 2015 at 1:31 PMChoo Chye Guan

Type B for sales 780K, Wayne 016-4985547

 
May 29, 2015 at 1:32 PMChoo Chye Guan

Few units below market price for sales, PM wayne.0418property@gmail.com

 
June 3, 2015 at 12:20 PMAnonymous

Plan to sell my unit at RM890k (negotiable) . Top floor above 30. E design perfect unobstructed view of the pg bridge and the sea. Genuine buyers only. Interested can msg to 0134353682 or email kjerolyn@hotmail.com for KHOO

 
June 10, 2015 at 11:43 AMA Wonderful Life

Seriously looking for vertiq condo (direct owner only), anyone have? pls email awktsp@gmail.com, thanks!

 
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