I just did some research on penang apartments, and I realise the yield is pretty bad, a 240K apartment is only fetching RM 1000-1200/month(approx 5% yield excluding service charge) . Just wondering, to all you penang people out there is this normal?

BTW, how do I buy a property in penang without an agent? Is there any advertisment space where I can deal direct with the owner, similar to KL?