Developer - GSD

Large swimming pool.. layout..

This post has been edited by adamtayy: Sep 1 2022, 02:25 PM

gsd project quality so so

How’s the workmanship or reputation of Aspen Group?
Am looking for some property in aspen vision city

Guys,

I am torn between two properties
1) Straits Residence
2) Incoming Marriott Residence

Both have it + and - but for straits residence, I really like the finished product and workmanship as I am able to see the actual unit since it is a completed projects. It really looks luxury and even the lobby and hallway looks good and the old colonial design is a +, blend in really well with straits quay. The furniture and fitting given by KP really good compare to a lot other developers, basically move in condition without the need to do anything at all. I don't mind to take it for my own stay as well or can easily rent it out also as I think there will be expats interested in this especially with the new international school coming up next door. The only drawback is that the facility kinda lacking behind most luxury condos, heck even some mid-tier facility is better than this.

For Marriott residence, its location is good as it is just in front of gurney wharf and bearing the name of Marriott which itself speak a lot about the exclusiveness and luxuries it brings along. For the quality and finishing, I have no idea yet as I can't judge as it will only complete next year but I do believe BSG should be fine and Marriott will make sure BSG able to deliver as this project carries their brand name. Again, this will be for pure investment as the sqft is abit small for my own stay.

Both gross rental yield should be about 4% to 4.5%
What do you guys think?

What I think is that I seldom hear Penangites talk about yield rental. Penang is nominally not a yield oriented market. You need to prepare for the possibility that you might not get that sort of desired yield for long stretches, unless you do Airbnb.

Ya, I know rental yield is not something that Penangites looking forward, is more on the property's future value. But no harm if it have an Ok Yield and in this case, both properties got an OK Yield or you can said average at 4%, reason I know it can get 4% yield is that the straits residence unit is that my friend already renting out that unit with that yield and for Marriott, based on the yield along Gurney drive. But then again, I am ok even if there are no rental or below rental yield for a long period, I am looking forward for the future for both property value ( Marriott with Gurney Wharf and last development in Gurney Drive and Straits Residence with the Andaman coming up and International school next door) . Both property already confirm Airbnb is out of question.

but in general, I am more interested to buy it either for own stay or investment ( if for own stay, most probably straits residence are more suitable).

Dear All,

Need your advise as i am thinking which property i should buy.
1. Quay West
2. Mont Residence

both i viewed and quit nice but i am thinking in term of
1. facilities
2. location
3. market value

Thank in advance for help

Any prospective buyers looking for current owner for the Setia referral program? Ping me on 0169033320. We shall discuss the referral fee sharing. Don't miss out guys!

700 sqft, starting Rm72,500

Does anyone know what project
and who is developer?

Is this new project? It says its a completed project.

Keep redeveloped old areas...
Some other countries it's preserve for future reference 😁

Here keep building high rise apartments or office....
Then oversupply situations 😣

Just in..

Swedish investment @ simpang ampat

This post has been edited by adamtayy: Sep 30 2022, 06:12 PM

better buy at ikea area

Haha its a Malaysia thing

The culture we very proud of after the korek³ culture

No reason we korek like a boss

Yeah right
U go see others countries...
All those antique building all well preserve one 👍

Depends on what type of building. Those atap houses aren't worth keeping imo. Eye sore.

Old building that is preserved

is at Georgetown ~ Unesco heritage site

Get it??

becareful..

If really cannot afford

Take form, line up for low medium cost

The rise collection

Cecil residensi

Ceria residensi

or rent a small unit 1st