Does anyone has more details or info on SP Setia Eco Forest project located at Tanjung Bungah?

http://ch.penangpropertytalk.com/2016/10/setia-eco-forest/

Any thoughts on Utropolis Batu Kawan by Paramount?

http://utropolis-bk.my/

Hi, I am looking to buy a landed house in Penang Island for capital appreciation and also possible stay when I retire. This will need to be be in a peaceful area, but with good access to shops and medical facilities. Since I may not stay for few more years, good rental returns, at least to cover basic costs and loan interest, is also a requirement.

Property can be under construction or completed.

Any suggestions? Thanks.

Landed property that probably can covered ur cost are those on the sides of busy road. Peaceful one are those without commercial potential but only capital appreciation can never cover ur loan interest...U can forget bout Pg isl...Go elsewhere.

Penang properties can only make money via capital appreciation. Rental rate is low in Penang.

Are you a native Penangite? Typically Penangites will flock to middle to upper-class areas like Tanjung Bungah / Tanjung Tokong / Gelugor. Penang is about capital appreciation if you are into landed. Forget rental yields. It's a buy and hold mindset here. If you want to think out of the box, Balik Pulau is a good place to retire but it's long term play. If you buy there the typical native Penangite will say you are out of your mind.
After staying 17 years in on the island, based on personal experience, here's what telling a stranger where you stay subtly implies:

1) Pulau Tikus / Tg Tokong / Tg Bungah: middle class/rich people.
2) Western Gardens / Jalan Bell / Solok Bell: old money
3) Air Itam / Jelutong / Jalan Perak: hoi polloi / working class native
4) Gelugor / Greenlane: middle class / civil servant
5) Bayan Lepas / Sg Ara / Bayan Baru / Batu Maung: outsider / Factory worker
6) Balik Pulau: Backwater....

I have been surveying Balik Pulau area. Good place for retirement but Tsunami is a concern.

don't stay so near the sea la

Actually, exactly which part of Balik Pulau was affected by Tsunami?

Also, I'm not living in Penang at the moment. It's not suitable to buy a landed property around Balik Pulau now. I have a few friends bought landed properties around Balik Pulau for investment. Every few months they travelled to take a look and every trip they find break in. So finally they decided to sell. Conclusion, buy Balik Pulau when you are actually staying there.

Useful info. My family's props both located in hoi polloi areas

Nowhere near I think. At least not Balik Pulau town. No native Penangite would buy there for investment, but for own stay or sentimental reasons maybe.

Southbay Plaza Res no taker...price drop 650K next month..

Vertiq sold...

Hi I'm interested in Fiera Vista 1650sf unit. May I have more information to my PM? Thanks.

Hi, anyone know if there is a unit for sale at Fiera Vista, please do let me know.

Only bargain able price unit. No point buying something at market price today, the market is bad. Only look for below market price unit. thanks.

Hi everyone. I will soon be commencing my 2 years working life at Penang Island and Bayan Baru area. What will be the area that suitable and stiill within my budget reach? Any condo project/unit in Bayan Baru/Bukit Jambul/Sungai Ara that could likely be within the following criterias?

1. Can easily accessible. Best with area plenty of Grab/Uber drivers.
2. Rental within range of 1200 - 1400
3. Easy access to amenities like hawker food
4. Less African occupants

I heard Tree Sparina\Fiera Vista could be very prone to noise from flights going in/out from Penang airport. Anyone owned a unit, or has been staying around the same area able to comment on this?

I'm not racist, the above is just preference if possible.

Which bayan baru area ? What is your working hours ?

Elite heights or Golden Triangle

Actually your criteria is not really an issue for a small island like Penang, everywhere is reachable within a short drive unlike in KL, and hawker food are everywhere. Besides, 1200-1400 should be able to rent majority of the condos in & around Bayan Baru, except the luxurious ones. Unless you are talking about within walking distance to avoid the rush hour traffic, then you may consider d'piazza, elite heights

9AM - 6PM , working at some companies at Lengkok Mayang Pasir.

D'piazza, Elite Heights, One World or One Sky ... all within walking distance to work.
Depending on your budget and preference ... Elit Heights have more facilities compared to the rest.

what is hoi polloi and backwater ???