Hi,

Do you guys buy any proprety in penang ?

1. The Oasis Condominium
2. Vista Gambier
3. D' Piazza Condominium
4. Palm Palladium
5. I-Regency Condominium
6. Regency Heights
7. Bayswater Condominium
8. Platino Luxury Condo
9. Desa Airmas
10. etc ..

which apartment/condo do u think is the worth to buy ... which provide nice enviroment, car park, space, security and etc ...
How do u think the price now ? Does it reach its peak or do u think it will still going up ?
when do u expect the proprety price go down or will it go down ?
which price range of proprety do u think u will buy or invest ?
if you are 'makan kuli' ppl, how long only u will buy a proprety after start ur 1st work ? 2 years ? 3 years ? > 4 years ?

Will US 'recession sign' affect proprety in penang ?

Please share with ur your experince/opinions regarding when do u think is the suitable time to buy proprety or invest in proprety ?

Thanks

Hi Inspiration, first of all, you have posted this in the wrong section.
But don't worry, the mods will move it for you.

As for the questions, I believe The Oasis should be one of the luxurious condo there in Penang. It has attracted a lot of interests lately as seen on news. So basically, I think most of them have priced in the highest possible margin for the moment.
As for the environment, as you have been in Penang, the road system is not that good there. Until the new PORR is built, I think buying condos in the metro area is not such a good idea now.
Maybe you should consider condos which are going to be covered by the proposed PORR, because of less congestion and noise.
These includes those around the edge of the island.
Anyhow, do lots of consideration and research before buying

I am noob for the proprety, what should i need to know before invest in proprety ?

maybe u should study the graph of a property that u wanna survey..
see the potential of it and try to have some small chat with the surrounding people..

Invest mean you expect return in term of profit in the future ? If you want to do so, i would recommend you to buy landed property like semi-D type. Invest in apartment won't give you a good return. It is very rare except for Bayswater but the price already up to 400k++ and i don't think you should buy it now.

For investment in PG, get something LANDED.

Good condos in PG are at least half a million & above.

@scorgio,
And that's because the Built Up is large!

tinkerbel, u also interested in pg's property?

Penang Times Square, ever consider that? That is the next big thing!

From what i heard, that area is going to become the 2nd bukit bintang with all the surrounding area in consideration by developer to be rebuilt.

oh ya, the monorail will stop right in front of the PTS.
my 2cents

In theory might be, practically, jury still out there. Monorail is just in the plan, when to execute the plan, nobody knows.
Just like the PORR, had been there for over decade, still not yet finalise the contractors and works.

Thanks for all the suggestions .. but property is really a costly asset if would like to invest in it. i am just start working for 3 years. don't have so much capital for landed property in Penang btw, could anyone please share your opinions or experience on when you start invest in property ? This might be a good guidance for new ppl like me

Some of the condos you compare is of different class. Some of them are worth 500k-700k and above. It's pointless comparing them when the price difference is so big between them. you should try to group them by price range in 50K increment.

Large built-up + good location + good management/planning = good demand.

That sums up the whole property market in Penang.

The expensive ones (landed RM 1-3mil, condo RM500k & above) are selling like hot cakes.

Middle range - Sales so so only.

Lower range - Hardly see any developer doing.

totally agree!

can't really afford a landed house in penang for 'gu li' like me.

Is it a good idea to go further far (rg. balik pulau, simpang empat etc.)?

Actually if you don't have cash on hand, you shouldn't call buying property an investment.

Investment only when you have an existing place to live, and have extra money to spend then you invest.

If you are buying the 1st house for yourself, don;t think of it as investment.

If you don;t buy one now, stop saving money, cos you will not save enough to buy one 3 years down the road. Penang property are going up like crazy.

Buy one you like and be happy about it.

my 2 cents.

dear all,
buying property for own stay is not considered investment bcoz it is giving negative cash flow.

As a Penangite, I would personally advise to find somewhere near Greenlane, Gelugor and Batu Maung...

Why Greenlane and Gelugor? it can be said as the mid between town area and airport and it's very near to the bridge, so it is very convenient.

Why Batu Maung? No need to say anymore right? it is of coz because of the 2nd bridge of penang...

However i personally like Greenlane and Gelugor Area as it is very peaceful and safe place to live in, not crime prone area.. and lots of hills and nearby the sea as well, so it wont be very hot..

Well, if u are rich and going for high investment, then u minght wanna take the risk and try out Batu Ferringhi ot Tanjung Bungah area as the property there is very expensive and locals wont be a ble to afford renting or buying, your targets are FOREIGNERS..

and don invest in property too close to the PORR, it is not advisable for investment...

Cheers

~Young

anyone got the map where is PORR ?

If u have any developer fren, ask them..they should know.. or u can Check it i think KOMTAR Penang..

i tried to search online for PORR previously but cannot find any details...

anyone willing to consider landed property at mainland?

i think Autocity Bayu Mutiara housing area is quite a good deal bcoz the area is upcoming lor...