Wednesday 1 June 2011

Ideal CEO not ideal?

Ideal homes, a property developer base in Penang, should have good reputation I think. They built i-avenue & krystal point commercial hub, which are part of Bayan Baru landmark. You think you should be safe when buying property from them. They are currently buiding the glamorous Penang Cyber City "The One" at a very startegic location in Bayan Baru. However there is no guarantee in this world. This is true for purchaser of CEO, a commercial building so-called smart office suite, also by Ideal homes.

     CEO in Feb 2010. Looks like OC soon, but....
Purchaser of The CEO started to sign S&P back in 2006. Now 5 years gone, still not fully completed. At the same time, Ideal homes is now busy working on The One. Why? I don't know. Is it the problem of developer, contractor or local authority? They can't finish project A but start selling project B!!! Make more money? Purchasers are looking for compensation, but the developer seems not willing to do so, which results in a youtube video of war between purchasers & developer being broadcasted recently.

    Nice logo

The One: MSC status building with future-proof technology, business class fine dining restaurants, hi-tech homes and outdoor shopping promenade... Will it be affected??

    The One: what a location

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