well depending on your budget, 2 of my friend bought for the following reason

1) cheapest in Penang (Daerah timur laut) by persqft. - if not wrong the price they bought is about RM499 psf but cant remember as a whole
2) i went there with my friends it has 2 badminton court, i think.. very rare in penang island
3) walking distance to market, near to gurney and other vicnity.

The Property Prices in Mt Erskine according to brickz.my

The Peak Residence : RM600,000 - 1,100sqft - PSF RM545
Link of proof : https://www.brickz.my/transactions/resident...nce/non-landed/

The Latitude : RM728k - 1,500sqft - PSF RM520
Link of proof : https://www.brickz.my/transactions/resident...ude/non-landed/

Mont Residence : RM840k - 1,226sqf - PSF RM685

Taman Evergreen : RM420k - 700sqft - PSF RM600
Link of proof : https://www.brickz.my/transactions/resident...een/non-landed/

freehold, went there i think 2-3 months back, kenot remember. we makan makan at market then suddenly my friend drag me go see,

they 2 bought but i poorfag so didnt buy. the quality not bad lah, they use very nice brand for sanitary if not wrong, corridor macam hotel.

u can go their website or call developer and ask.. they dont let any agencies sell their project, think they sell on their own

then you're obviously not from penang or not familar with property prices and yield in penang mate.

with my experience of investing during good and bad times.

in Penang, rental yield stood at 3% +/- even though we brag about some properties like

eg : Paragon, rented at about RM5,000 monthly. Market Price of property is RM2,200,000. = 2.7%

Quayside RM4,500 monthly. Market Price of property is RM1,900,000. = 3%

in Penang, people tend to take capital Gain as appreciation. Yes you are right about FD gives better rates of return like 4%.

But for property, you leverage on bank loans to take upon capital gain, for people that doesnt have the raw cash to invest for return.

Very straight forward :

RM500,000 Property : Paying about RM2.2k Monthly. Rental rate about RM1,200. You're seeing a Loss of RM1,000.

Your total capital : RM50,000 (Downpayment).
Tenure of Investment : 5 years.

Net Loss of RM1,000 for 5 years = RM60,000

Capital Gain in 5 years, Averagely 8% Yearly = 40% for 5 Years.
RM500,000 +40% = RM700,000

Total Gain = RM700,000 = RM500,000 - RM60,000 = RM140,000

With the Capital Investment of RM50,000 with the return of RM140,000 in 5 years is about 280% In return.

thats how you play with the property.

for FD :

Capital Investment of RM50,000 with 4% Per Annum in the bank.

After 5 years = you will get RM60,832 +/-

Nope, the RM2.2k is the bank (monthly installment) and based on the calculation and the profit yield, i do not include the capital paid as well. so hence, it is justifiable.

we are talking about the average growth of property prices. 14.2% averagely as quoted by Propertyguru.com.my

Theres a capping of Low-Cost house for every development. 10 years ago. Low cost houses were 75k when you first bought and worth about RM400k today.

that's an average of 50% yield yearly.

and don't ever compare Low Cost house and Condominium, they are totally different category.

Please do take note that i Did mentioned about RM2.2k as (Cost)

https://imgur.com/a/D9GegJI

well you have to really depending on location, the justification is based on Median, not Maximum basis.

There are well performed areas and non-performing areas.

For Sg Ara/ Relau / Bayan Lepas.

We all know well that the price PSF back in 5 years ago was RM350. RM350 psf and today, new project launches are selling at RM550-RM600. that is about 60% Surge.

But by the surging supply of Affordable Houses (RM400k for 850sqft) at about RM470k psf which is snapped up significantly. (35% increase).

By Comparing CONDO vs CONDO.
Golden Triangle , Fiera Vista (5 years ago), RM350 psf vs Today (Tree Saprina, One Imperial, SummerSkye, Elite. The Price is about RM550-RM600)

that's the clear justification on your doubt.

I'm not an Agent, or any property representative. You may search around and see what you are looking for.

Depending on your needs and what you are really looking for.

And I can try to analyze based on my experiences in investment in property

it is a valuation based on transaction and actual facts. by per annum basis deducting the provision.

maybe you're just new in the market and has much more to learn

This post has been edited by RedBishop: Oct 16 2018, 12:53 PM

well Forex and Property is totally different.

Tangible goods vs Intangible Goods.

Immobile vs Mobile

Liquidity and non-liquidate

Property is immortal and forex is not. to my own watch, Forex is like gambling

i don't know your properties and whats the price when you buy. maybe you can share with me so that i can evaluate further for you

Yes I agree with you, Mr Honesty Tan, but you should aware that prices increases as time matures, and over-escalating might have a phase which we called - the settlement phase.

the enormous surge from RM350k to RM560-580k is almost 80% within 1-2 years time. to reach a settlement to 490k-520k still justify the normal growth. of RM350k in year 2012 to 2018 = 6 years. 6x8 = 48% . RM350k +48% = about RM518k +/-.

as an average, still justifiable.

we can't compare the segment of Penang and klang Valley, it's a total of 2 different markets that we are talking about. the land in Penang is scarce, it's an island running out of resources while Klang valley still has got plenty.

hi, the justification of the gain is based on statistics and report. and its 8% per annum spanning for 5 years. holding an intangible investment goods depending on your capability.

that is why i mentioned, the first 10% to pay for the property, and the subsequent commitment.

property is not for everyone, if you're not comfortable or not capable of having it, then don't investment in it.

and if you have spare cash. that has got nothing to do, then it's worth to put in a property as you "may not have to depend on it" to make a living.

8% is acceptable, justifiable and realistic. if that's the real statistics that youre looking for.

penny stocks and forex could get better, their nature its like blackjack.

Well , investing in Affordable House is a big NO.

The reason which i stated was a Benchmark that the Affordable House Price has drag up the initial price from several properties when they first launched.

I was making a comparison in between Year 2013-2018. A 5 years comparison based on statistics and facts and the Mathematics up there is based on "Majority" but not "All"

I suggest you expertise in Forex, Real Estate is not for you

Like I said, the price I mentioned is just a benchmark of price. a Minimum price threshold in the market as it increases in a period of time.

Eg : Persqft from RM350 during 2013 - RM550 during 2018

if you may proclaim RM550 is too high . RM550 is for Luxury Condominium.

Affordable House is RM470k.

There is no such thing as Gov Subsidies house, never before, unless Low Cost only

Well you need experience to understand better, and if you can't pin out better points like i did. then that's how you couldn't do well in real estate.

simple as that

Well, we have not seen any schemes like MyDeposit has been thru or anyone talking about it here and it cannot be implied or taken into consideration for measuring a potential or value for overall or majority in development.

We have not seen any subsidies by government, perhaps you name one? what are the subsidies given?

Government (Perumahan) is in charged of the allocation of Affordable Housing and Low Cost Houses. Since when there's any subsidy?

Well, Median Price in Penang is average at RM550, for SG Ara area, it's consider Luxury Condo.

Tg Tokong RM1.5k

Maybe you're not from Penang or you don't even own a property before

we took the past as a guide, with solid and evidence with point according to LPPEH.

maybe you do not know the proper measures to VALUE a property in a short period of time.

Hi,

My deposit benefits only 1,474 People,

230 registered to buy houses costing below RM100,000;
978 for houses ranging between RM101,000 and RM200,000;
1,791 between RM201,000 and RM300,000;
1,772 between RM301,000 and RM400,000;
1,382 between RM401,000 and RM500,000;
108 for houses between the price range of RM501,000 and above.

Total Registrations = 6,261. Only 1,474 gets it.

1,474 represents the whole Malaysia while Penang represents only 5% of the Malaysia total population. 1.6m vs 30mil.

assuming 10% penangites gets it, it's only 147.

Are you saying your justification is fully supported with the 147 MyDeposit Scheme in such a long period of time? And MyDeposit scheme existed on year 2017.

We are taking a Graph of 5 years from 2013-2015.

Depending on what you buy, but Sg Ara RM550 psf is just an example. We took the worst performing area as a benchmark to calculate the minimal provisions of the economy.