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City Residence @ Penang worth it?
TSaibo210
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Feb 18 2019, 02:08 PM, updated 6y ago
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Getting Started
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hi, since our finance minister annouce the first home buyer duty exemption..i am planning to buy myself a home,my budget is around 800k-1m.
i was looking at City Residence opposite island plaza, there is a seller offering me 900k for 1250sf tower A middle floor....what do u guys think...is it worth it? or is there anything bad i should know about this property? feel free to give me a better recommendation also...
btw, there is mall below the condo but looks kinda empty...are they planning to do anything there?
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ahpooki
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Feb 18 2019, 02:21 PM
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Getting Started
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bayan baru area more chic.. still very affordable...
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Fortezan
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Feb 18 2019, 04:08 PM
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QUOTE(aibo210 @ Feb 18 2019, 02:08 PM) hi, since our finance minister annouce the first home buyer duty exemption..i am planning to buy myself a home,my budget is around 800k-1m. i was looking at City Residence opposite island plaza, there is a seller offering me 900k for 1250sf tower A middle floor....what do u guys think...is it worth it? or is there anything bad i should know about this property? feel free to give me a better recommendation also... btw, there is mall below the condo but looks kinda empty...are they planning to do anything there? Overpriced in my opinion, this developer is still selling the units after so many years which probably tells you how soft their sales are. If you prefer Tanjung Tokong area, there are many projects along Mount Erskine (The Peak, Mont Residence...etc) which probably gives you better value, or even The Tamarind near Straits Quay
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seikoho1
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Feb 18 2019, 04:19 PM
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Getting Started
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QUOTE(aibo210 @ Feb 18 2019, 02:08 PM) hi, since our finance minister annouce the first home buyer duty exemption..i am planning to buy myself a home,my budget is around 800k-1m. i was looking at City Residence opposite island plaza, there is a seller offering me 900k for 1250sf tower A middle floor....what do u guys think...is it worth it? or is there anything bad i should know about this property? feel free to give me a better recommendation also... btw, there is mall below the condo but looks kinda empty...are they planning to do anything there? dude only direct purchase from developer under rehda programme is entitled for the stamp duty waiver. pls be informed
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Harry_Bobinski
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Feb 18 2019, 04:23 PM
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QUOTE(seikoho1 @ Feb 18 2019, 04:19 PM) dude only direct purchase from developer under rehda programme is entitled for the stamp duty waiver. pls be informed I highly believe that this developer will be registering under Rehda program, considering that they still have a huge amount of unsold units. In any case, some developers do give out free rebates, no stamp duty/legal fee without the HOC. Do check if this developer is already doing so.
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TSaibo210
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Feb 18 2019, 04:40 PM
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Getting Started
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QUOTE(Fortezan @ Feb 18 2019, 04:08 PM) Overpriced in my opinion, this developer is still selling the units after so many years which probably tells you how soft their sales are. If you prefer Tanjung Tokong area, there are many projects along Mount Erskine (The Peak, Mont Residence...etc) which probably gives you better value, or even The Tamarind near Straits Quay went to see tamarind yesterday....below 1m one only left low floor smaller size house with horrible view
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TSaibo210
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Feb 18 2019, 04:41 PM
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Getting Started
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QUOTE(seikoho1 @ Feb 18 2019, 04:19 PM) dude only direct purchase from developer under rehda programme is entitled for the stamp duty waiver. pls be informed yea forget to mention i will be buying from developer..they will match close to this price
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nexona88
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Feb 18 2019, 04:50 PM
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QUOTE(ahpooki @ Feb 18 2019, 02:21 PM) bayan baru area more chic.. still very affordable... how much selling price?
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Neoyo
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Feb 18 2019, 07:34 PM
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Already vp... Still haven't sold off?
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Fortezan
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Feb 19 2019, 09:55 AM
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QUOTE(aibo210 @ Feb 18 2019, 04:40 PM) went to see tamarind yesterday....below 1m one only left low floor smaller size house with horrible view I assume you are referring to developer units as I can see quite a few sea view units selling below 1m in Mudah. Tamarind was launched quite some time ago so obviously all the good units are already taken. Actually, there are quite a lot of good deals in the subsale market now so you might want to ask yourself if buying from developer just to save on the stamp duty is really worth it
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TSaibo210
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Feb 19 2019, 04:38 PM
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Getting Started
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QUOTE(Fortezan @ Feb 19 2019, 09:55 AM) I assume you are referring to developer units as I can see quite a few sea view units selling below 1m in Mudah. Tamarind was launched quite some time ago so obviously all the good units are already taken. Actually, there are quite a lot of good deals in the subsale market now so you might want to ask yourself if buying from developer just to save on the stamp duty is really worth it yea i agree...i saw most of the subsale have better deal than developers even after include agent fee etc...i might end up buying from them instead...
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nexona88
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Feb 19 2019, 06:05 PM
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QUOTE(Neoyo @ Feb 18 2019, 07:34 PM) Already vp... Still haven't sold off? soft market nowadays... so it's not surprising
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jayko
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Feb 19 2019, 06:32 PM
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what if i tell you, the stamp duty waiver is collect back after you sell it?
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apalexar
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Feb 19 2019, 09:25 PM
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Exemptions only when at least 10% discounted price listed on spa instead of rebates http://mapex.com.my/hoc2019/
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ahpooki
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Feb 20 2019, 10:53 AM
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Getting Started
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QUOTE(nexona88 @ Feb 18 2019, 04:50 PM) about 500k i believe...
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nexona88
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Feb 20 2019, 11:32 AM
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Huh.. 500k is not bad pricing...
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RaymondLam
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Jun 7 2019, 01:18 PM
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Getting Started
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Any buyer here?
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Leo_Dave
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Jul 11 2020, 03:28 PM
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New Member
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Hi, I am one of the Tropicana Privilege Card Member, if anyone interested to buy Tropicana property, I can share my referral too. Do PM me directly at em_shyam@hotmail.com , so I will be able to attend your message promptly.
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