Oct 14 2007, 07:50 PM
QUOTE(Drian @ Oct 14 2007, 01:11 PM)
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?
Penang's property prices have appreciated over the past few years because of the high demand from foreigners to own a holiday villa here in a warm country..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?
Rental yields depend greatly on the rental demand in that area..
Since most people prefer to purchase a property there rather than renting, the rental yields tend to slack..
So, that could be the scenario there at the moment..
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