Pick from TheStar By CHRISTINA CHIN
PENANG: IJM Properties Sdn Bhd on Wednesday launched the Platino luxury condos here.
“Since the soft launch in September, we have already sold about 35% of the 228 units. The response is extremely encouraging so we expect to have an additional 30% snapped up by the end of the year.
“The balance units are reserved for Bumiputra purchasers,” said IJM Properties Sdn Bhd managing director Teh Kean Ming.
Piling work on the RM191mil development has started and the project is scheduled for completion by mid-2010.
“Platino is a luxury condominium which is within the reach of local purchasers. Luxury need not be exorbitant. Platino offers owners the luxury of space because the concept was to build ‘bungalows in the sky’.
“The really unique thing about this project is the ‘four-season’ garden, which was landscaped with a variety of plants reflecting the four seasons,” he said.
The units of the 1.4 hectare Platino project, located next to the Penang Bridge in the south-west district, range between 1,819sq ft to 6,400sq ft. Prices start from RM718,000. The most expensive units are priced at RM2,627,000. Located on a 12-hectare site, Platino is part of the Metro-East mixed-development scheme. It is about 60% completed and includes Tesco, e- GATE and Bayswater.
Thought: Which category of these people that has the money to buy such a high-end condo in Penang? This price of sale is hardly to be afforded by average white collar group in Penang. Any idea or feedback on this matter?
3 comments:
tesing
those who bought bayswater (beside platino) would have earn >150k in 3 yrs
when i bought my house few months ago, there is still 1 unit of bayswater left at 320k,
after that they launch platino, starting at 655k, and suddenly bayswater shoot up TO RM455k, according the star
property gain is safer than stock and impressive as well, provided we have extra $
so, i'm still in stock market
Ya, this is true as the property market is having lower fluctuation as compare to stock market. However, the liquidity of property always not as efficient as stock.
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