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800sf CONDOMINIUM for just RM299,000 – Better be quick

Posted in Property Penang

Sorry KL folks. Such deal are available only in Penang. This was announced as Penang state’s first privately-initiated affordable housing project. Not much details were available except that the project is in Mount Erskine in Tanjung Tokong. However, with a price of just RM299,000, I can safely say that the number of registrants would far outnumber the total units available. Per sf basis, it is at RM373. For a condo, within Penang island and in Tanjung Tokong, I seriously think there is no such deals available even today. Oh yeah, I believe these condos should be under the moratorium whereby buyers cannot sell their unit for 10 years. This was announced by the state exco for housing, Jagdeep Singh Deo a few months ago. Read here.

wpid-img-20140528-wa0004.jpgNot to be forgotten, there’s also another 390 units of low-medium cost apartments of 650sf priced at just RM72,500 each. Actually if you are family members and you happen to be able to get a unit side by side, thats just RM145,000 for a total of 1,300 sf! The GDV for this whole project is estimated at RM400 million and is expected to comment in the third quarter of this year. I have never heard of this developer, Aspen Group but MBSB is giving them a financial facility of RM95.5 million. Thus I think it should be pretty stable and safe.

Project name is called Tri-Pinnacle. Since Pinnacle is used to describe this project, you can be sure it is somewhere near highest point of an area where it is built. Tri may simply means there are three towers or blocks. I have never been to the site but normally names may give away their position. These houses are only opened to registered approved buyers by the State’s Affordable Housing Department. If you are interested, you may visit Aspen Group’s website here: www.aspen.com.my

written on 28 May 2014

Next suggested article: Affordable Penang Properties – where are they?

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28 Comments

  1. nancy ong
    nancy ong

    send me registrstion forms. .

    May 29, 2014
    |Reply
      • Jesse Tan
        Jesse Tan

        That is a very good reply. I love it

        May 29, 2014
    • Jaddie Leong
      Jaddie Leong

      Looking for apartment budget below Rm 500 in Penang

      May 29, 2014
      |Reply
  2. lim chin leong
    lim chin leong

    How to apply to low medium cost house or that 225k for 800sf condo? Tq

    May 29, 2014
    |Reply
  3. Evelyn
    Evelyn

    I would like to know how to apply this house Tri-Pinnacle. Thank you!

    May 29, 2014
    |Reply
    • Pls visit aspen group website. Aspen.com.my

      May 29, 2014
      |Reply
  4. moklc
    moklc

    Where to get De application form for De condo in tjg tokong?

    May 29, 2014
    |Reply
    • asali
      asali

      Pls visit aspen group website. Aspen.com.my

      May 29, 2014
      |Reply
      • Thanks asali. Appreciated.

        May 29, 2014
  5. ming
    ming

    What is the project name?

    May 29, 2014
    |Reply
    • abc
      abc

      Tri-Pinnacle. It is already stated in the blog and it will be good to read before ask.

      May 30, 2014
      |Reply
  6. Angie
    Angie

    i did call the Aspen Group up, they will take ur name and contact and when there is official launching then they will contact you to submit your details to the government for approval or whether you will get it…..it actually RM 300k for 800 sqft is for middle cost and 650k is for low cost range, it situated right at Jalan Halia opposite ‘The Peak’ at Mt Erskine there and they will follow the guide on erumah.com.my 🙂 hope this help.

    May 29, 2014
    |Reply
    • Thks angie. Appreciated.

      May 29, 2014
      |Reply
    • KT
      KT

      Low cost = 650k…. not bad… haha

      May 30, 2014
      |Reply
  7. Jamie Chua
    Jamie Chua

    I did check out the website as it was also in the newspaper but there is no information about this project at all.

    May 29, 2014
    |Reply
    • It is there. Tri pinnacle. Thks.

      May 29, 2014
      |Reply
      • Chin Lee
        Chin Lee

        May i know still available?

        May 29, 2014
  8. Stephen
    Stephen

    Hi, anyone knows what is the low-medium cost apartment of 650sf project name? Is there any terms and condition to purchase the apartment besides the 10 years no selling lockdown? Thanks

    May 29, 2014
    |Reply
  9. ming
    ming

    What is the low-medium cost apartment’s name?

    May 29, 2014
    |Reply
  10. ming
    ming

    What is the low-medium cost apartment’s name?

    May 29, 2014
    |Reply
  11. cheah li lian
    cheah li lian

    How to apply for the low cost apartment?

    May 29, 2014
    |Reply
  12. LIM KIM HAI
    LIM KIM HAI

    Kindly please send me a refister form.

    May 29, 2014
    |Reply
  13. uma sivakumar
    uma sivakumar

    Where do we get the form?
    Location…tq

    May 30, 2014
    |Reply
  14. Joyce
    Joyce

    how to apply? where to get form?

    May 31, 2014
    |Reply
  15. Matt Lai
    Matt Lai

    May I have the contact number

    June 2, 2014
    |Reply
  16. muhen
    muhen

    How to apply to low medium cost house or that 225k for 800sf condo? Tq

    June 5, 2014
    |Reply

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