Hello to all sifus and seniors, I’m new to this community and I would like to ask for your experienced opinions/thoughts about Quay West residence in Bayan Lepas, Penang. As the project is nearing completion, as a first house buyer, I would like to ask for more opinions of this property before buying it. Thank you

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 ☺️

Hihi, yes, I reside on the island and currently am working in Bayan Lepas. Initially did consider cause of the cheap prices of property there but the thought of daily traveling put me off 😅 Now targeting Qb area because that area is right smack in the middle where it’s nearer to travel to Bayan Lepas area and Georgetown. Actually I’m just considering this project because it’s the one that’s ‘almost completed’ where I don’t have to wait for a completely new project from the ground up. Also waiver of fees for purchasing this year is a plus. Can forget about Queens because of the price, plus it’s a bit near to the airport in my opinion. Just weighing the pros and cons of QW at the moment haha. That’s why seeking for advice.

Hi Kintaro, do you mean the one by Aspen? Is that the one in SP? I did consider the ones with HOC but I did see from some discussions in lowyat that developers somehow ‘hike’ up the prices to make up for the discount? Not sure how true is that though 😅 QW comes with MOT discount of 30k.

Wow! That’s comparatively cheap! But then again, traveling daily to the island will be hassle 😔 Especially during peak hours 😭

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

Oh I see… Not sure how it is from island to mainland during peak hours.. but usually the main jam is from mainland to island right? As there are more people living in mainland commuting to the island than vice versa. I rmb I the few times I got caught in the jam.. Not really an experience I would like to have daily 😅😅

Wow that’s so nice! The Quay West project I’m considering doesn’t even come with anything… they don’t even have air conditioning piping 🙄

Prices of condos on the island is equivalent to those landed property on the mainland 😔

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 😅😅

Hi Mushigen Thanks for the feedback! I assume you’re staying in a condo located in Penang as well? Afternoon/early evening sun here can kill a population I swear 🤣🤣 Therefore facing the morning sun is a must to me lol. Are you living around Bayan Lepas area?