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.
Not 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: http://www.aspen.com.my
written on 28 May 2014
Next suggested article: Affordable Penang Properties – where are they?
0 Responses
send me registrstion forms. .
I have no relation to aspen group. However you may go to their website. http://Www.aspen.com.my
That is a very good reply. I love it
Looking for apartment budget below Rm 500 in Penang
How to apply to low medium cost house or that 225k for 800sf condo? Tq
http://Www.aspen.com.my
I would like to know how to apply this house Tri-Pinnacle. Thank you!
Pls visit aspen group website. Aspen.com.my
Where to get De application form for De condo in tjg tokong?
Pls visit aspen group website. Aspen.com.my
Thanks asali. Appreciated.
What is the project name?
Tri-Pinnacle. It is already stated in the blog and it will be good to read before ask.
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.
Thks angie. Appreciated.
Low cost = 650k…. not bad… haha
I did check out the website as it was also in the newspaper but there is no information about this project at all.
It is there. Tri pinnacle. Thks.
May i know still available?
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
What is the low-medium cost apartment’s name?
What is the low-medium cost apartment’s name?
How to apply for the low cost apartment?
Kindly please send me a refister form.
Where do we get the form?
Location…tq
how to apply? where to get form?
May I have the contact number
How to apply to low medium cost house or that 225k for 800sf condo? Tq