Platino

Platino is a luxury condominium developed by IJM Land, a subsidiary of IJM Corporation. IJM Land, which is formerly known as RB Land, is the result of a merger between two highly reputable players in the Malaysian property market namely IJM Properties and RB Land. Platino is currently still under construction, and expected to be completed by mid 2010. Platino consists of two towers of 25-storey condominium with a total of 228 units. There are 13 types of layouts to choose from with built-up areas ranging from 1,076 to 6,405 sf. This luxury condo comes with resort-style facilities sits on a 3.46 acres plot of freehold land. It is part of the MetroEast-Udini's mixed development scheme. This new project is located between Lebuh Tunku Kudin 1 and Jalan Faraday (Persiaran Tunku Kudin), exactly next to IJM's recently developed Bayswater. Platino is accessible via Jelutong Expressway, Jalan Sultan Azlan Shah and Jalan Masjid Negeri. Platino is close to amenities such as cafe and restaurants @ E-Gate, shopping malls (Tesco Hypermarket and Queensbay Mall), sports centers (Penang International Squash Center and Bukit Dumbar Badminton Training Center), schools and institutions (SMK Gelugor, SMK Hamid Khan, Excelpolitan International College and Maktab Perguruan Persekutuan Pulau Pinang), and Penang Bridge.

Property Details

Name: Platino

Address: Lebuh Tunku Kudin 1, Gelugor, Penang

Developer: IJM Land (a subsidiary of IJM Corporation)

Completion Date: Mid 2010

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 25

No. of Units: 228

Maintenance Fee: RM0.25 psf

Launch Price: From RM718,000

Subsale Price:

Rental:

Layouts

Type A and A1 (Standard)

2,659 sf, 46 units

3 + 1 bedrooms, 1 study / guest room, 1 pavilion

4 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen, 1 yard

Type B and B1 (Standard)

2,476 sf, 42 units

3 + 1 bedrooms, 1 study / guest room

4 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen, 1 yard

Type C (Standard)

2,314 sf, 23 units

3 + 1 bedrooms

4 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen, 1 yard

Type D (Standard)

2,099 sf, 23 units

3 + 1 bedrooms

4 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen / yard

Type E (Standard)

2,056 sf, 46 units

3 + 1 bedrooms

4 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen / yard

Type F (Standard)

1,819 sf, 42 units

3 + 1 bedrooms

4 bathrooms, 1 dry kitchen, 1 wet kitchen / yard

Type G (Penthouse)

6,405 sf, 1 unit

3 + 1 bedrooms, 1 guest room

5 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen / yard

1 family hall, pool (lower penthouse), lanai, roof terrace

Type H and H1 (Duplex)

4,209 sf, 2 units

3 + 1 bedrooms

4 bathrooms, 1 dry kitchen, 1 wet kitchen / yard

1 family hall, pool, pond, deck

Type I (Penthouse)

6,405 sf, 1 unit

3 + 1 bedrooms, 1 guest room

5 bathrooms, 1 powder room, 1 dry kitchen, 1 wet kitchen / yard

1 family hall, pool (lower penthouse), lanai, roof terrace

Type J (Studio)

1,076 sf, 2 units

1 + 1 bedrooms

1 bathroom, 1 kitchen / pantry

Facilities

Swimming pool

Children's wading pool

Reflective pond

Water court with waterfall

Pond with waterfall

Viewing deck

Pool deck

Sauna

Gymnasium

Children's playground

Tennis court

Landscaped garden

Multi-storey car park

Games / reading room

Multipurpose hall

Community hall

Market Trends

Analysis

When one travels along the Jelutong Expressway from the Penang Bridge, it is almost impossible not to notice Platino, which is located exactly next to / behind the Bayswater. This new development which sits on a mixed development called MetroEast-Udini is developed by a well-known property developer, IJM Land. More often than not, property buyers are intimidated to purchase properties especially if those properties are developed by unknown or less popular developers. Even with the recent economy slowdown, property buyers probably need not worry so much as the developer of Platino has had many proven track record of previous projects. IJM Land’s good reputation in local as well as foreign market has truly demonstrated its credibility. Platino is uniquely designed and developed into a low density high rise development with only five units per floor. The condo's low density status would further ensure privacy to its residents. However, as the units share a common corridor; this may be a discomfort to certain property owners. Platino is within walking distance to Tesco Hypermarket as well as cafe and restaurants @ E-Gate, which is obviously very convenient for residents to buy groceries, food or to meet up with friends and relatives. The close proximity of this luxury condo with Tesco Hypermarket, as well as F&B outlets at E-Gate, may also be a factor that could possibly cause noise pollution. Furthermore, residents should take note that ever since the opening of Tesco Hypermarket, which is diagonally opposite Platino, the whole area is often congested with cars. Most of the time, particularly on Friday nights, weekends and public holidays, there would be cars illegally parked along Lebuh Tunku Kudin 1. About 500 to 700m away from Platino, there is a huge Tenaga Nasional power plant. This power plant does not only emit black smoke but is also said to be a risk to people’s health. The emission from a power plant is believed to be able to cause brain cancer if one is exposed to it over a long period of time. Even though this luxury condo is not very near to the plant, one has to seriously consider the health hazards caused by the power station. Potential buyers should also take note that Jalan Faraday (Persiaran Tunku Kudin) is dark at night. The poorly-lit road could pose potential danger if it is not further upgraded upon the completion of this new project. Pricing wise, Platino is considered to be the most expensive condo as compared to other developments from the surrounding areas. Its price is well justified with the developer's reputation, the spaciousness of the units, resort-style facilities as well as its location. However, many still regard this development as too pricey as some buyers believe that they could actually buy similar units at a cheaper price, namely the Palm Palladium and Bayswater.