After Bayswater Condominium, IJM recently launched another luxury condominium in Penang island- Platino Condominium. Most of the units were grabed within hours after the launch.
If you can remember, when Bayswater condominium was launched years ago, the price of a unit was around RM200-RM300k but I heard that Bayswater is selling at RM450k currently.
I still think that Platino condominium is overpriced, however, in property market, it is same as stock market, there are crazy sellers and there are crazy buyers! Anyway, based on current property market, I am confident that Platino Condominium price will appreciate in short term before it becomes static later.
For a working adult like you and me, I think RM700k certainly is out of reach. Anyway, if you are interested in the project, here are the details,
Land Area:3.48 acre
No. of Units:229 (Tower A - 117 units, Tower B - 112 units)
Built-up Area:1850sf (171.8 sq.m) - 2850sf (264.7 sq.m) - typical3850sf (357.6 sq.m) - 5300sf (492.3 sq.m) - duplex & penthouse (1 penthouse and 2 duplexes per Tower)
No. of Carpark:Penthouse/duplex (3)
Proposed Price:From RM550,000 to RM2,000,000
Facilities
Swimming pool, wading pool, Jacuzzi, Sauna, Gym, Tennis court, Pavilion, Landscape garden, Water fall / water features, Security, Function room.
All units with minimum 2 carparks lots (basement carpark)
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