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

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:

written on 28 May 2014

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

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  • nancy ong on May 29, 2014

    send me registrstion forms. .

    • chialih on May 29, 2014

      I have no relation to aspen group. However you may go to their website.

      • Jesse Tan on May 29, 2014

        That is a very good reply. I love it

    • Jaddie Leong on May 29, 2014

      Looking for apartment budget below Rm 500 in Penang

  • lim chin leong on May 29, 2014

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

  • Evelyn on May 29, 2014

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

    • chialih on May 29, 2014

      Pls visit aspen group website.

  • moklc on May 29, 2014

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

    • asali on May 29, 2014

      Pls visit aspen group website.

      • chialih on May 29, 2014

        Thanks asali. Appreciated.

  • ming on May 29, 2014

    What is the project name?

    • abc on May 30, 2014

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

  • Angie on May 29, 2014

    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… 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 🙂 hope this help.

    • chialih on May 29, 2014

      Thks angie. Appreciated.

    • KT on May 30, 2014

      Low cost = 650k…. not bad… haha

  • Jamie Chua on May 29, 2014

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

    • chialih on May 29, 2014

      It is there. Tri pinnacle. Thks.

      • Chin Lee on May 29, 2014

        May i know still available?

  • Stephen on May 29, 2014

    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

  • ming on May 29, 2014

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

  • ming on May 29, 2014

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

  • cheah li lian on May 29, 2014

    How to apply for the low cost apartment?

  • LIM KIM HAI on May 29, 2014

    Kindly please send me a refister form.

  • uma sivakumar on May 30, 2014

    Where do we get the form?

  • Joyce on May 31, 2014

    how to apply? where to get form?

  • Matt Lai on June 2, 2014

    May I have the contact number

  • muhen on June 5, 2014

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

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