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 Prestige 3 Balik Pulau- worst investment, pity flippers investors

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TSeddyooi
post Feb 25 2023, 10:30 AM, updated 3y ago

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price stagnant and droppped... place suppose to be like mont kiara or gurney drive but remained a unpopular place


why penang lang? why?? why dont want move there? what is wrong with balik pulau?




Prestige 3 (also known as Prestige III) is a freehold landed housing estate (with some low-cost flats) located in Balik Pulau, Penang Island. It consists of P3 Residence and Pangsapuri Idaman Prestij. The built-up available at this project is 972 sf to 2,200 sf for houses and 911 sf for flats. It was developed by PLB Land Sdn Bhd.

PLB Land Sdn Bhd is a mid-sized real estate organization held privately, and it has undertaken around 12 real estate projects in Malaysia. Other similar projects by the same developer are 98 Nibong Residence, Avalon Place, Majestic Heights 2, P3 Residence, Pangsapuri Sri Saujana, Prestige V, Taman Gelugor Indah, The Dew, The Skyline and The Stone.
novblaze
post Feb 25 2023, 10:31 AM

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because not prestigious enough
Ron2828
post Feb 25 2023, 10:33 AM

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Balik pulau = mainland penang standard
LazadaGot
post Feb 25 2023, 10:33 AM

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eddyooi mari lagi
koja6049
post Feb 25 2023, 10:33 AM

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lol TS is dreaming. Balik Pulau is like gurney drive, you must be joking. Gurney drive is like expat area, balik pulau is ulu kampung. I'd rather buy at teluk kumbar or batu kawan first before exploring balik pulau biggrin.gif
sonypshomer
post Feb 25 2023, 10:34 AM

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Balik Pulau ultra malay area, no need to go there to find durian either, relau farm also got musang king and ochee.
Drian
post Feb 25 2023, 10:36 AM

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LOL eddy ooi with propaganda after propaganda

ekoh
post Feb 25 2023, 10:36 AM

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Not convenient at all, enough said.
Unless you working there
TSeddyooi
post Feb 25 2023, 10:36 AM

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QUOTE(koja6049 @ Feb 25 2023, 10:33 AM)
lol TS is dreaming. Balik Pulau is like gurney drive, you must be joking. Gurney drive is like expat area, balik pulau is ulu kampung. I'd rather buy at teluk kumbar or batu kawan first before exploring balik pulau biggrin.gif
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no me joking, the owners there say that maa.....hahaha

but the place even become worse


somemore got flat next to house
kaiserreich
post Feb 25 2023, 10:39 AM

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QUOTE(eddyooi @ Feb 25 2023, 10:36 AM)
no me joking, the owners there say that maa.....hahaha

but the place even become worse
somemore got flat next to house
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Recently many area in pg, siap built nice condo then share access road with LMC/flat. Good luck to them.
koja6049
post Feb 25 2023, 10:42 AM

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QUOTE(eddyooi @ Feb 25 2023, 10:36 AM)
no me joking, the owners there say that maa.....hahaha

but the place even become worse
somemore got flat next to house
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if you really want "prestige", try look at pulau andaman project. Reclaimed land just opposite of straits quay. Going for 2.5 million.

Actually last time on the opposite shore was desa tanjung, only going for 800k. At that time i thought nobody will want reclaim land properties especially after the tsunami. Boy was I wrong, now alot of units going for 4 million. I regretted didn't invest in those sad.gif
TSeddyooi
post Feb 25 2023, 10:43 AM

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QUOTE(kaiserreich @ Feb 25 2023, 10:39 AM)
Recently many area in pg, siap built nice condo then share access road with LMC/flat. Good luck to them.
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this is what happen to setia pearl houses and meridien condo... price drop kaw kaw and jem during peak
loserguy
post Feb 25 2023, 10:46 AM

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I went there a few months back for durian, ok lar. There is a new (?) supermarket there now. A few shops, 2 Mr DIYs. Not as ulu as back then.
Chobits
post Feb 25 2023, 10:48 AM

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balik pulau really far, and the road there so winding, macam pergi genting but no cold air to greet u there.
pandah
post Feb 25 2023, 10:50 AM

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Berapa?
TSeddyooi
post Feb 25 2023, 10:51 AM

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QUOTE(pandah @ Feb 25 2023, 10:50 AM)
Berapa?
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terrace rm500k..... the cheapest landed in entire penang island
koja6049
post Feb 25 2023, 10:52 AM

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QUOTE(Chobits @ Feb 25 2023, 10:48 AM)
balik pulau really far, and the road there so winding, macam pergi genting but no cold air to greet u there.
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no more winding la, got a new highway straight and smooth. But agree that it is still so damn far away biggrin.gif
commonsense
post Feb 25 2023, 10:52 AM

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QUOTE(eddyooi @ Feb 25 2023, 10:30 AM)
price stagnant and droppped... place suppose to be like mont kiara or gurney drive but remained a unpopular place
why penang lang? why?? why dont want move there? what is wrong with balik pulau?
Prestige 3 (also known as Prestige III) is a freehold landed housing estate (with some low-cost flats) located in Balik Pulau, Penang Island. It consists of P3 Residence and Pangsapuri Idaman Prestij. The built-up available at this project is 972 sf to 2,200 sf for houses and 911 sf for flats. It was developed by PLB Land Sdn Bhd.

PLB Land Sdn Bhd is a mid-sized real estate organization held privately, and it has undertaken around 12 real estate projects in Malaysia. Other similar projects by the same developer are 98 Nibong Residence, Avalon Place, Majestic Heights 2, P3 Residence, Pangsapuri Sri Saujana, Prestige V, Taman Gelugor Indah, The Dew, The Skyline and The Stone.
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go and learn property investment 101 first.
Chobits
post Feb 25 2023, 10:54 AM

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QUOTE(koja6049 @ Feb 25 2023, 10:52 AM)
no more winding la, got a new highway straight and smooth. But agree that it is still so damn far away  biggrin.gif
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that teluk kumbar one still counted as winding abit but not as bad as the middle one. that one really something.
up there apa pon takde and far, but still expensive land. penang gila weh
TSeddyooi
post Feb 25 2023, 10:57 AM

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QUOTE(Chobits @ Feb 25 2023, 10:54 AM)
that teluk kumbar one still counted as winding abit but not as bad as the middle one. that one really something.
up there apa pon takde and far, but still expensive land. penang gila weh
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some older houses, bungalow all lefft more than 15 years no buyer....
koja6049
post Feb 25 2023, 10:57 AM

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QUOTE(Chobits @ Feb 25 2023, 10:54 AM)
that teluk kumbar one still counted as winding abit but not as bad as the middle one. that one really something.
up there apa pon takde and far, but still expensive land. penang gila weh
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we penang lang always say got price but no market haha. But since the highway is built balik pulau become more accessible already. Right now I hope they can also solve the winding road of teluk bahang smile.gif
Chobits
post Feb 25 2023, 11:01 AM

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QUOTE(koja6049 @ Feb 25 2023, 10:57 AM)
we penang lang always say got price but no market haha. But since the highway is built balik pulau become more accessible already. Right now I hope they can also solve the winding road of teluk bahang  smile.gif
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balik pulau not gonna be popular anytime soon. kan going to build the 3 fake island dekat teluk kumbar.

koja6049
post Feb 25 2023, 11:04 AM

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QUOTE(Chobits @ Feb 25 2023, 11:01 AM)
balik pulau not gonna be popular anytime soon. kan going to build the 3 fake island dekat teluk kumbar.
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ya, because teluk kumbar near airport, near semicon factories, near batu kawan. My sis recently bought a condo there for 400k

balik pulau lack an edge la. You have eco tourism like audi dream farm etc., but to develop into a proper township need something else for its economic center.
Mr.Robert
post Feb 25 2023, 11:06 AM

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Hi neighbour
berzerk
post Feb 25 2023, 11:07 AM

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QUOTE(eddyooi @ Feb 25 2023, 10:30 AM)
housing estate (with some low-cost flats)
people build housing for accommodation but you bought it as an investment whistling.gif
kembayang
post Feb 25 2023, 11:08 AM

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How much is the terrace house there?
Size?
adamtayy
post Feb 25 2023, 11:09 AM

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QUOTE(eddyooi @ Feb 25 2023, 10:30 AM)
price stagnant and droppped... place suppose to be like mont kiara or gurney drive but remained a unpopular place
why penang lang? why?? why dont want move there? what is wrong with balik pulau?
Prestige 3 (also known as Prestige III) is a freehold landed housing estate (with some low-cost flats) located in Balik Pulau, Penang Island. It consists of P3 Residence and Pangsapuri Idaman Prestij. The built-up available at this project is 972 sf to 2,200 sf for houses and 911 sf for flats. It was developed by PLB Land Sdn Bhd.

PLB Land Sdn Bhd is a mid-sized real estate organization held privately, and it has undertaken around 12 real estate projects in Malaysia. Other similar projects by the same developer are 98 Nibong Residence, Avalon Place, Majestic Heights 2, P3 Residence, Pangsapuri Sri Saujana, Prestige V, Taman Gelugor Indah, The Dew, The Skyline and The Stone.
*
Why go so outskirt...

Got money, go straits quay lah..
Phoenix_KL
post Feb 25 2023, 11:12 AM

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it's up the hill.snaking long drive.
erykkun
post Feb 25 2023, 11:33 AM

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QUOTE(koja6049 @ Feb 25 2023, 10:33 AM)
lol TS is dreaming. Balik Pulau is like gurney drive, you must be joking. Gurney drive is like expat area, balik pulau is ulu kampung. I'd rather buy at teluk kumbar or batu kawan first before exploring balik pulau biggrin.gif
*
please no more development in teluk kumbar and balik pulau area
teckyuan
post Feb 25 2023, 11:43 AM

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balik pulau is another ulu place.
that place really carries the name well.
Similanjau
post Feb 25 2023, 11:49 AM

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TS datang lagi dengan tered propertynya
andyng38
post Feb 25 2023, 12:22 PM

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WTA....whats a good quiet spot on Penang island to buy a bungalow (single or double storey) approx area 4-6K sq ft near or next to a non-touristy beach? Access to fibre broadband would be nice. For residence, not speculation.
Knnbuccb
post Feb 25 2023, 01:34 PM

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QUOTE(Drian @ Feb 25 2023, 10:36 AM)
LOL eddy ooi with  propaganda after propaganda
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whats with him? i know he opened thread sayin he dont invest in property ...
ClericKilla
post Feb 25 2023, 01:38 PM

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QUOTE(koja6049 @ Feb 25 2023, 10:42 AM)
if you really want "prestige", try look at pulau andaman project. Reclaimed land just opposite of straits quay. Going for 2.5 million.

Actually last time on the opposite shore was desa tanjung, only going for 800k. At that time i thought nobody will want reclaim land properties especially after the tsunami. Boy was I wrong, now alot of units going for 4 million. I regretted didn't invest in those  sad.gif
*
Later is the same owner of those units driving up the prices.
SUSMr Mercedes
post Feb 25 2023, 01:40 PM

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Cipet, pg Island so many areas, why go buy at balik pulau? Last month I saw one transaction landed single storey go for 400k.

400k better you buy an older condo in bayan lepas or farlim.
ameliorate
post Feb 25 2023, 01:50 PM

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Balik pulau also consider far? Pg is an island, go 1 round come back to original location. Always complain no more land but got land say far pulak. Cannot brain.

Ayambetul
post Feb 25 2023, 01:51 PM

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Why eddy??? Why u buy that shithole place eddy???
JoeYoung
post Feb 25 2023, 02:01 PM

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Penang people will laughed if you say you stay in Prnang in Balik Pulau or Mainland.
RedBishop
post Feb 25 2023, 02:11 PM

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QUOTE(erykkun @ Feb 25 2023, 11:33 AM)
please no more development in teluk kumbar and balik pulau area
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Why is it, i would like to understand more from your saying
Drian
post Feb 25 2023, 03:00 PM

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QUOTE(Knnbuccb @ Feb 25 2023, 01:34 PM)
whats with him? i know he opened thread sayin he dont invest in property ...
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He is probably a property agent.
Either the owner of the places that he mention did not want to sell or reduce price and therefore he cannot get commission.

I also know he is talking nonsense because southbay and setia pearl island is predominantly self own family oriented unlike apartment where is mostly property flippers/first time entry homeowners.

This post has been edited by Drian: Feb 25 2023, 03:00 PM
jojolicia
post Feb 25 2023, 03:07 PM

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QUOTE(eddyooi @ Feb 25 2023, 10:30 AM)
price stagnant and droppped... place suppose to be like mont kiara or gurney drive but remained a unpopular place
why penang lang? why?? why dont want move there? what is wrong with balik pulau?
Prestige 3 (also known as Prestige III) is a freehold landed housing estate (with some low-cost flats) located in Balik Pulau, Penang Island. It consists of P3 Residence and Pangsapuri Idaman Prestij. The built-up available at this project is 972 sf to 2,200 sf for houses and 911 sf for flats. It was developed by PLB Land Sdn Bhd.

PLB Land Sdn Bhd is a mid-sized real estate organization held privately, and it has undertaken around 12 real estate projects in Malaysia. Other similar projects by the same developer are 98 Nibong Residence, Avalon Place, Majestic Heights 2, P3 Residence, Pangsapuri Sri Saujana, Prestige V, Taman Gelugor Indah, The Dew, The Skyline and The Stone.
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Because balik pulau is NOT reclaimed land. 🤭🤭

In PG, reclaimed land property is prestige, atas class
TSeddyooi
post Mar 1 2023, 02:57 PM

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QUOTE(jojolicia @ Feb 25 2023, 03:07 PM)
Because balik pulau is NOT reclaimed land. 🤭🤭

In PG, reclaimed land property is prestige, atas class
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still very ulu that place but majority is malay india. if chinese area, price will shoot up
premier239
post Mar 1 2023, 02:59 PM

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buy balik pulau?

better buy mainland

This post has been edited by premier239: Mar 1 2023, 02:59 PM

 

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