Don't worry, soon Sunway and SP Setia will come out with some fancy large project and make the place "In demand and will turn it into next Batu Ferringhi"

This post has been edited by all blacks: Apr 6 2013, 10:54 PM

Since been living there for most of my life... I feel everything was going on smooth till 2008 where few huge developers from KL started to target Png.. So they introduced all this G&G concept with strata title which is quite unusual in Png.. Juz look at places like batu maung, Sungai ara, 5 years ago nt may ppl wanted to live there but now theres quite a number of new housing areas... The condo's back in Png was cheap, for those working in KL and wish to buy in hometown wouldn't be an issue at all but now almost all hitting 500K.. It's all caused by this new luxury fancy condo's which are introduced by this huge developers..

Ppl will come n tell that its nt bcoz of tat but Sg investors, but let me tell u that they have been investing in Png since long time ago and I wouldn't say they're the main ppl who caused the price to shoot up.. Png condo's are having mk situation right now and it might b worse bcoz ppl back in png dont have the same holding/earning power compared to those working in kl... n also the rental yield is extremely bad.. Most of the investors or expats target those condo's in batu ferringhi area but how bout those in town area, those near Jelutong, Green lane, Pantai Jerjak and Bayan Lepas area?

This post has been edited by all blacks: Apr 6 2013, 11:05 PM

If the property u r holding more than 500K mark, I just can't c how this announcement can have any sort of impacts..