Any advice on setia v residence? 4113sqf 4.2mil, overpriced?

For own stay, but worry that the view got blocked by new reclamation project. Takut they suddenly change of their reclamation plan.

Anyone bought in straits residence?

Thanks for replying! Hm… It will be for own stay. As I’ve seen the project nearing its completion, most of the units have already been taken up. So far my best bet is a 1200+ square feet unit on a low floor. Price wise is around rm750k. Just worried about future developments like Penang World City at the shoreline, but so far no reclamation works done yet. And as I’ve looked through the comments in this discussion panel, I realised that many are saying that resale value for these types of apartments are dropping due to oversupply. So just wondering if its a wise choice to choose this project, developed by Asia Green or wait for future developments by more reputable developers. Though the price by then would definitely be higher than this one.

Thanks for the pointers! That’s one thing, plus I did some digging around and found that Bayan Mutiara Area will be super populated in the future. With Zen 9 coming soon as well as Mutiara Biopolis, not sure how everyone will be able to squeeze in this tiny area populated by high rises. Not forgetting Queens residences near QB.

Also the other negative things about Quay West is it’s population density. It’s 1200+ units in just 7 acres of land. Not sure how I feel about being sardines in a can. Plus it is being built on commercial land. Assessment is gonna cost a bomb.

Yes Alesi, the Light is ridiculously expensive. The ones online are like 1 million plus. And yes again, Quay West is under the service apartment category. The only plus point is the location I guess… Still a distance away from the airport, unlike Queens and less traffic (at the moment lol). And the price it’s offered at now. Heard property going to increase again in 2022 due to increasing price of building materials so… Still in a dilemma over it.

But honestly speaking for this area, near QB, is this kind of price cheap/ considered average? 750k for 1200+sf meaning average approx rm600psf.

Unfortunately Alesi, the unit I have in consideration is pool view facing, not seaview facing. But with morning sun. In Queens its like rm800+psf even for units facing QB mall, no need to mention about those units seaview facing 😅 Way out of budget haha.

Units in Quay West seaview facing is higher in square foot size, therefore making it more expensive. Also a mere dream for a first house buyer like me 🤣 Plus, full seaview is not 100% guaranteed as there are, like you said future reclamation works to be done on the shoreline.

I did consider Tropicana Bay previously, but thought twice in buying second handed property as I understand that legal fees will be higher? 🤔 Plus I did hear that the gov is giving some benefits to first time home buyers buying off property directly from the developer (for this year at least)

May I ask for your kind opinion on high density condos? Like versus low density condos, as I’ve seen a lot of Fb ads promoting “low density” as one of their selling points. The density per acre has got me a bit worried that I’m thinking of considering future developments in that area instead 😅 Which may backfire if prices are skyrocketing high.

Would also like to know about the work quality of this developer aka Asia Green Group. Would like to consult professionals like yourself because I can sense that you have a lot of experience in this field ☺️

Not really. I live on the island and commute to Batu Kawan for work. It just takes 35 to 40 mins one way. Smooth traffic most of the way.

P.s. the current developer promotion they are throwing in free aircond and heater as well. I heard the earlier batch even had free cabinet.

Oh my god there are people paying rm600 maintenance fees?? If it’s a super luxury condo then I understand, but if it’s just middle class condo that’s way wayyyy too expensive 😱

No wonder I still see units being sold as new in Olive tree and The Loft.. But rm600 is crazy high. Plus that’s in a month. 1 year it’s rm7200! The higher assessment fees for commercial property doesn’t sound that bad now 😅

That’s good to hear. 700 per project does seem just nice. How high is the maintenance, if you don’t mind me asking. What condo is that btw?

Ps: Forgive my late replies… I have a daily limit of 3 replies per day haha

Nice! Rm200 is cheap! So you mean to say that your house’s maintenance fees has been the same for 11 years? That’s so good.

Alesi, may I consult you as to which area to focus on in Penang if we want to get a.. say.. middle range property.. For stay as well as investment… So that when it’s time to sell, you don’t incur a loss instead. Been reading a lot in this forum and I see people complaining that there are those that are selling properties below market.

But then again, as what diehard has said.. if prices in Penang island keep going up.. who exactly can afford them in future? Everyone would need to be millionaires by then 😅😅

The Meg @ andaman island
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IJM 3 Residence Karpal Singh Drive can buy?

https://www.sinarharian.com.my/article/1828...it-Kukus-dibuka
Jalan Bukit Kukus got help on traffic at there?

Hi all,

I was planning to get a property for own stay recently. However, it is pretty hard to find a property that fulfilling all criteria/ need we want (which is usual).
There were a few factors that quite of hard for me to decide, hope anyone could give some advise.

My target range were about 600-700k.
Option 1: Projects with good location (to me), but probably with new developer e.i sandilands, the sun, celesta, montage etc. However, it is the developer were not so "branded" or common like IJM, setia, ecoworld, ideal.

Option 2: Projects with better developer (IJM, Setia, Ecoworld), it is either with very weird location (e.i eco terraces, sky vista) or it is way overprice (e.i waterside). But we can observed those also come with better workmanship and finishing, also management.

Option 3: Projects with "reasonable price" or average developer (Ideal), which with very acceptable PSF (e.i golden triangle, one imperial etc), but also crowded location and density.

I were toward option 1, but developer quality and management also kind of concern me, caused been observed sandilands price were not moving or project like the clovers, arteS.

I hope any experiences or experts could some POV or advise.

Any comments on Muze @picc . I like the location and near access to LCE highway

very nice and luxury.. but too bad is commercial title.

Top up a bit, consider

The rise collection 2, 800sqft

Dont be so harsh, a lot developers unable to cleared their stocks one lar
Especially those engage agents to sell one

See Batu Muang projects