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 Penang Property Talk, Property talk on Penang

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John00
post Sep 6 2021, 12:23 PM

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QUOTE(Obosh @ Sep 5 2021, 10:47 PM)
Probably another 10 years - will need a critical mass of facilities and amenities for it to boom. Most importantly the economic growth there needs to have a boom - with jobs comes people, then businesses/shops will follow. It's a slow process though as most islanders would prefer not to cross the bridge to work if possible.
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Suitable for outsiders?
alesi616
post Sep 6 2021, 01:08 PM

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QUOTE(diehard1979 @ Sep 3 2021, 10:41 AM)
yes. Next year should finish phase 1.

Suppose phase 1 should finish long time ago. But due to covid19, it keep delay.
Now their plan is 2022 year end phase 1 done and can open for public.
So the property at pulau tikus especially shop lot will raise right?

The area got gurney paragon, gurney plaza, then this gurney wharf which got garden/park. Those Singaporean and China people now may already starting to buy some of the property in that area.
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with the harsh MM2H condition, we will be grateful if Singaporean and China ppl wont sell off n move away from Penang. Even if they want to buy, the STP phase 2 (new + well planned) are plenty for them to choose.....no need target pulau Tikus which is already matured and congested.
Obosh
post Sep 6 2021, 01:54 PM

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QUOTE(John00 @ Sep 6 2021, 12:23 PM)
Suitable for outsiders?
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Absolutely. If you work nearby and don't care much for a nightlife ie. you have a family and stays at home, then it's a great place. The area is booming though in clusters especially F&B though still far off from the island.
John00
post Sep 20 2021, 01:06 PM

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user posted image

Saw ads on fb. Well I'm outsider so I am not sure, my question is how affordable is this really? I know my salary range could not afford this.
Win Win Inspiration
post Sep 20 2021, 01:25 PM

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QUOTE(John00 @ Sep 20 2021, 01:06 PM)
user posted image

Saw ads on fb. Well I'm outsider so I am not sure, my question is how affordable is this really? I know my salary range could not afford this.
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There are many advertisement baits that is being packaged in an attractive way.
Shining star
post Sep 20 2021, 05:57 PM

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QUOTE(John00 @ Sep 20 2021, 01:06 PM)
user posted image

Saw ads on fb. Well I'm outsider so I am not sure, my question is how affordable is this really? I know my salary range could not afford this.
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I think Penang Affordable house capped at 400K?

and also i saw Penang local govn said can't rent it out, must be own stay

John00
post Sep 20 2021, 06:22 PM

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QUOTE(Shining star @ Sep 20 2021, 05:57 PM)
I think Penang Affordable house capped at 400K?

and also i saw Penang local govn said can't rent it out, must be own stay
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Base package capped at 300k, but no piping no nothing. Very basic.
Then those add on will balloon the price to more than 400k.

Say cannot rent. But how many are checked.... I don't know. Just an outsider question. I'd appreciate insiders news
Shining star
post Sep 20 2021, 08:31 PM

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QUOTE(John00 @ Sep 20 2021, 06:22 PM)
Base package capped at 300k, but no piping no nothing. Very basic.
Then those add on will balloon the price to more than 400k.

Say cannot rent. But how many are checked.... I don't know. Just an outsider question. I'd appreciate insiders news
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I see..
If in such case, Rumahwip or residensi wilayah is more cheaper.
At least capped at 300K maximum./

Those first batch one can even get 198K for kepongmas...
or 230K for Riamas in Old klang road.
Both location not bad.

Furthermore, i heard rumahwip can be rented out
kopitiamtard
post Sep 21 2021, 02:29 PM

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Seeing a lot of Ideal projects in Penang Island... I am new to the island, are they a reputable company/developer?

thanks.
alesi616
post Sep 23 2021, 09:34 AM

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QUOTE(John00 @ Sep 20 2021, 01:06 PM)
user posted image

Saw ads on fb. Well I'm outsider so I am not sure, my question is how affordable is this really? I know my salary range could not afford this.
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alar this project had been selling since 5-6 yrs ago.....already completed for some time n now just clearing old stocks.
alesi616
post Sep 23 2021, 09:40 AM

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QUOTE(kopitiamtard @ Sep 21 2021, 02:29 PM)
Seeing a lot of Ideal projects in Penang Island... I am new to the island, are they a reputable company/developer?

thanks.
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they are one of the taiko developer in penang island.....a lot projects on going...very good relationship with state gov that's y a lot projects on prime location....quality wise probably mid-tier or mid-high-tier depends on the pricing.

but there are some buyer complaints on hanky-panky on their older completed projects.....not sure how true was that.
moon yuen
post Sep 26 2021, 09:37 PM

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QUOTE(John00 @ Sep 20 2021, 01:06 PM)
user posted image

Saw ads on fb. Well I'm outsider so I am not sure, my question is how affordable is this really? I know my salary range could not afford this.
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The price is definetely cheap already..... 1500 sq feet
moon yuen
post Sep 26 2021, 09:38 PM

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QUOTE(alesi616 @ Sep 23 2021, 09:40 AM)
they are one of the taiko developer in penang island.....a lot projects on going...very good relationship with state gov that's y a lot projects on prime location....quality wise probably mid-tier or mid-high-tier depends on the pricing.

but there are some buyer complaints on hanky-panky on their older completed projects.....not sure how true was that.
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Don't like IDEAL developer...

i bought their condo.... REGRET!
tongyk
post Sep 27 2021, 02:16 AM

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Has Penang LRT project construction started?
adamtayy
post Sep 27 2021, 05:43 AM

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QUOTE(tongyk @ Sep 27 2021, 02:16 AM)
Has Penang LRT project construction started?
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local gov, got no budget for this mega project

Now focusing on, PORR (penang outer ring road)

Penang Outer Ring Road is a planned expressway in George Town, Penang, Malaysia. If constructed, it will connect Gelugor in the south, near Penang Bridge to Tanjung Bungah in the north. After a mid-term review of the Ninth Malaysia Plan, this project, together with Penang Monorail has been postponed indefinitely.

and, they plan to reclaim PSR, and hope become a cash cow after lease all the 3 islands to developers..
adamtayy
post Sep 27 2021, 05:45 AM

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QUOTE(moon yuen @ Sep 26 2021, 09:38 PM)
Don't like IDEAL developer...

i bought their condo.... REGRET!
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Queens residence

& Queens 2 seems promising..

Opp, qb mall

adamtayy
post Sep 27 2021, 05:52 AM

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QUOTE(kopitiamtard @ Sep 21 2021, 02:29 PM)
Seeing a lot of Ideal projects in Penang Island... I am new to the island, are they a reputable company/developer?

thanks.
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Refer, to my post above..
kopitiamtard
post Sep 27 2021, 06:15 AM

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QUOTE(alesi616 @ Sep 23 2021, 09:34 AM)
alar this project had been selling since 5-6 yrs ago.....already completed for some time n now just clearing old stocks.
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what project name is this?
alesi616
post Sep 27 2021, 09:14 AM

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QUOTE(kopitiamtard @ Sep 27 2021, 06:15 AM)
what project name is this?
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Sierra East Bukit Jambul
alesi616
post Sep 27 2021, 09:15 AM

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QUOTE(moon yuen @ Sep 26 2021, 09:38 PM)
Don't like IDEAL developer...

i bought their condo.... REGRET!
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which project u bought from them and what issue ?

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