Hi, all.

Hope you're well.

May I ask which of the developers have:

- Better Facilities
-Better Design
-Better Building Materials
-Better Sound Proofing


Was considering either IJM project or IDEAL Project in Penang.

I was told leasehold property in Penang island is not as good of an investment as compared to freehold. Yet, some people said it doesn't matter in Penang island. What do you think? Why?

This post has been edited by EvePynG: Oct 25 2020, 03:01 PM

Not many can answer unless they have both.

True that.

However, does anyone here know how both of their reputations like?

I was told that Leasehold property in Penang island is not good for investment as compared to freehold? Any idea?

Penang property as a whole is not good for investment. Because Penang lang want good things, but kiam siap when want to pay.

Source: I am Penang lang

As for IJM or IDEAL, I can say IJM workmanship for my current home have some problems after OC (about 10 years ago), like water leakage, not straight walls/fencing, quality so-so. I'm not sure how IJM does nowadays, and I never seen an IDEAL property yet, so no comments.

Leasehold/Freehold, definitely Freehold if its not a lot more expensive.

This post has been edited by KCY3701: Oct 25 2020, 03:57 PM

Ideal reputation is bad in terms of integrity and build quality. I hv relative who bought ideal property in Penang, strata landed house. Lots of defects but worst is developer mortgage master land title with bank n never paid forcing the owners to fork out extra money to do this.

Thank you for sharing such a constructive opinion.
As for Leasehold, I was told the price for leasehold will not increase much so it wouldn't be as good for investment long-term wise? Any experience?

I know... But, Penang is still an island. So, I expect the price to rise higher in the future if it's for long-term investment?

Thank you for sharing. It sounds horrible. I am sorry to hear that. In this case, I wonder what is a better developer to invest for with better workmanship. That's what I worried the most plus I am looking for better soundproofing construction despite the fact that I am looking for a condo with facilities which mean it is walls, floor and ceiling sharing.

Leasehold also harder to sell. One is because of the mindset of people that the property will be gone in XX years, so that cannot be left to cucu-cicit. Another one, is because of extra paperwork needed to sell a leasehold property, I recall some forumers mentioned that need to get some permit to sell or something.

The answer is straightforward.

Choose Freehold because Chinese Penang Lang will aim for freehold if given choice. And will hiam when buying subsales (having a "mindset" that one day need pass back to government)

Choose IJM because Chinese Penang Lang has perception that it's branded and Ideal is 9th streets behind.

What's holding you back for consideration here is mainly price bcos IJM & freehold usually comes with premium of few hundreds thousands.

Oh I See. That totally makes sense now. Cause I don't know who at the age that can afford a house can live more than 99 years and have to worry about that part.

OMG about the paper work? Seriously? Does it mean that additional cost will be incurred as compared to selling frehold? paperwork normally means money isn't it.

Oh I See. That totally makes sense now. Cause I don't know who at the age that can afford a house can live more than 99 years and have to worry about that part.

OMG about the paper work? Seriously? Does it mean that additional cost will be incurred as compared to selling frehold? paperwork normally means money isn't it.

Hi, Thank you for simplifying that fact of consideration for me.

May I ask other than IJM , what other developers are better in Penang?

Again, my main consideration is still the soundproofing of the building material and unit.. anyone knows which developer does a better job in that?

Prolly the names of SP Setia, E&O, Ivory, Belleview are also good developers. The coastal is dominantly by IJM. Eco World worth exploring but they only have limited projects in Penang and mostly in mainland.

Sunway and Hunza would have upcoming integrated projects that covers leisure and amenities altogether.

For 2nd tier it would be those concentrating southern part like Ideal, SEAL, Airmas, Asia Green, Nusmestro etc.

In terms of sound proof, better to evaluate from completed project as there are no assurance or benchmark to that. But generally they're pretty much standardized, you just need to have a normal neighbor above your unit.

This post has been edited by propertyowner: Oct 26 2020, 11:01 AM

I am not sure what paper work is involved since I never bought/sold any leasehold properties before.
I recall reading something like need to get approval from Jabatan Tanah before selling the property (maybe?). It shouldn't be too complicated, but I still prefer not needing to do so.

leasehold property buy/sell requires state consent, and that 1 usually take few weeks / months. My experience I bought my subsale house (freehold but master title) last time, also require the state consent, that process to get state consent itself takes 1+ month.
Normally buy/sell process takes 3 months or less, but for my case it takes close to 5 mths. Just a reference.


So yes, leasehold harder to sell in future, check out Summer Place, The Spring, Gold Coast, Putra Place. See their transaction record. They are one of those nicest leasehold seafont projects in Penang island. If they perform badly, then no need to see other leasehold projects liao.......Personally I wont touch leasehold property unless it is super bargain.

Maybe you shortlist your interested project in here then all of us can give our opinion/view of those. Easier

IJM used to be good on the early days ie the Bayswater era...highly sought after and well built...
IDEAL it depends...some projects like one imperial are okay while others ie summer skye have some issues from hear say.....not much detail was given