since talking about penang property , any comment on the E&O project in Tanjung Bungah ? Do you think it is a good investment to buy landed properties there ?

Green Lane = Traffic Jam especially during rush hours.

Imagine that is the lane where incoming and outgoing will have to pass.

I will not put my money there.

E&O project in Tanjung Bungah, i advise not to..coz i was at the launching ceromony whihc i was invited to prepare chinese tea for the guests, but i already saw many cracks on the floor, coz that is reclaim land.. and they jus continue to build be the land is stable..u know wat i mean, which is reclaim land need to be left there for more than 1 year to stabilise, while E&O jus continue to build after he land was reclaimed..

and bout Greenlane, yes there are jams, but if u know the path to use, then the jam wouldn't be a matter anymore, many locals (malaysians) will consider greenlane if they r moving to penang, coz its quiet reasonable and convenient, it's not like ferringhi or tanjung bungah, they might be good place to stay and very near to prime supermarket such as GURNEY, but it's not convenient and the jam is worst than greenlane..really cannot move..

Greenlane's jam is caused by bottle necks and traffic lights, so it will clear of fast..i am a free lance broker for land and properties, and many have came to me and ask bout greenlane, that's a very strategic place, u see, even IJM wanna develope opposite TESCO...and where's there? greenlane and gelugor area..

For the PORR, of coz the info r not available online, tat's y i recommend u guys to look for developer fren, coz some company r quite aggresive or close to government sector, they would have the info about PORR...

I'm actually pushing a land, in the heart of penang town, its a herritage area, but the building is formerly a disco place (clubbing), and it stands at ard 1 acre, max height is 5 storeys to 6, depending on the structure designed (18 feet) - limitation for sturture design info obtain from council, i would be a good location to set up low cost hotels as it is only walking distance to prangin mall and KOMTAR where the main bus hub is located and can move ard penang easily even tesco, queensbay or so... can any one gimme more suggestion of wat to do with the land?

How do you think about penang property price recently? Does it have sense going down ?

Not exactly.
Yes, it jams, but it's still flowing.
Cos when the light turns green, all of them are green ranging fr 90 sec to 120 sec.
But there're 2 bottlenecks, 1 at Turf Club junction, 1 in front of McD Greenlane.
Speaking fr experience, among Gelugor, Greenlane & Tanjung Bungah. Greenlane's position is most strategic.
Some of you might not be aware, from Greenlane Caltex to Komtar via Dato Kramat, the distance is just 4.5km.

Was seriously thinking of buying my first house there.
Near to my parents places and near to Penang Bridge.

Platino Luxury Condo is the one near tesco? any idea how much will it cost?

i have the same question playing around my mind recently...the thing is..no one can tell you for sure on this...hehe...

i'm thinking of getting an apartment and then rent out...but have to consider properly first...
preferably sg. ara and greenlane area....so easier to rent out...

balik pulau house...not sure worth to buy or not...bcoz i read at newspaper lim kok wing setting out an institute over there...means in future...got potential can rent out...

If you can find land in Balik Pulau, even if it's a hill or slope, BUY IT!!

May I know why ... other than LimKokWing setting up a branch there?

Don't ask.
But that's specifically what I would do if I can find land there still reasonably priced.

haha...scorgio bro, at least explain a bit ma...i know lim kok wing's institute got plans to build up the campus there...that's the only reason lor i think worth buying....

as a place to stay...i'm not too sure...

Do you think Penang Island will grow bigger?

Penang is no land can still reclaim like Sg.. no prob.. one day will be land to Pulau Jerjak.. even around the bridge is land..

Landed property in Penang island is costing us our arms and legs.
Due to limited lands, you can definitely start to invest in mainland.

I foresee that mainland or Kulim is the next big things in 8-10 years.

i would said Sungai petani is next big things in next few years times instead of kulim, a lot of big company is going to set up new branch in SP

i sold my double storey leasehold house in penang for RM410K....i made it yeah...it was last year

Don't buy anything which is on reclaimed land, slope. Reclaimed land is not stable, especially if they dump rubbish. One thing to keep in mind recently -

earthquakes. Reclaimed land in penang is not as stable as you think - earthquakes makes it even worse. Now the volcano belt in indonesia is going active again, you might not want to invest there if you do not want cracks appear in your walls.

This ofcourse depends on how they reclaim it. 5th Street and 7th Street (forgot the name of the area) was a reclaimed land for over 30 years. It actually sunk and recent earthquakes made the situation even worse. I dont have source about this, I think you should ask and research about land reclaimation houses before you buy one.

are you talking crap on my hometown?

seriously don't. That contractor for this project told me the Developer wanted them to rush the project and the land was never given time to stabilise. It might be sinking as we speak. Just like what is happening in many areas in BM and it's vicinity

You have to see who were the contractors. Not every contractor simply throw rubbish.

ur hometown where ah? penang many contractor really chinchai do the job 1

---

Added on March 10, 2008, 7:49 pmDo you mean the IJM projects? Most transactions are going around 600-800k

This post has been edited by Darkmage12: Mar 10 2008, 07:49 PM