i have to argue on that
it does increase but not that fast

we have a house back in 1980 (RM70k) and 2005 (RM180k) in chain ferry

another house in tanjung bunga, raja uda (RM25k - single story), now RM190k

wow... the raja uda hse really increase a lot.

yep

imagine that raja uda was full of coconut tree and takes ages to reach there while today everything turn into commercial area...

hey guy~ im going to buy aramas.. i like the house and the management there~ i need more infomation about that place? how is the surrounding.. i saw many kampung house around~

hardly can park at the roadside..

anyone from there? we can be neighbor :>

hello folks, any interesting property launch in PEnang lately?
been to the so called 'property fair' at QB mall but it's just a small one...kinda lousy in my opinion... hehe.... and nothing new....

I've been to the "mini" property fair last weekend. Yes, you're right, there's nothing new launched. But then again, most property fairs would not have any new launching. Usually the developer would do it at their own site.

i been there too.. nothing much.. pinang laguna maintains fees quite high.. RM100 for condo + RM50 for the pools

I dont really like to go to those property fairs, esp those in Penang. Most of them are 'rejected' properties... By the way, does anyone have any idea how much increase in term of % Penang landed properties have increased over the last one year?

If it's a high demand area, 15-20%.

That's very high. I wonder how the working class is going to ever afford to buy landed property in Penang.. They can 'chase' for years and still not afford it coz % salary increment can never match appreciation in landed property price.

you r rite.. thts y many ppl are buyin property in mainland rather than island.

Mainland, and working in the island? Is it cost effective? Staying in mainland and working in Kulim is very convenient. Anyone actually calculate cost effectivenss of staying in mainland and working in the island?

Property price for landed is still affordable in Balik Pulau ( see Botanica CT ).
You can see that they still have 2 storey houses, not the typical 3 storey ones that are everywhere on the island.

They have some really jaw-dropping awesome villas designed by world renowned architect Veritas. If I have unlimited $$, that's what I would like to live in.

But I wouldn't like to travel 10 km to Bayan Baru town daily to work in the FTZ.

Cost effectiveness of staying in on mainland - estimate
Petrol for 40+km (back and forth the bridge) RM 8 (Estimate full tank RM80 for 400km)
Toll RM 7
5 times a week = RM 15X 5 = RM75/week = RM 300/month
( incalculable costs : car mileage accumulates much faster (additional 30 km * 20 days = 600km per month, hence required more service/maintenance in workshop )


Ask yourself if the monthly loan repayment for house price in Penang island is less or more than RM300 compared to mainland.

If it is less, then stay in island. If it is more, much more, then stay on mainland

This post has been edited by dingdangdong: May 11 2010, 05:19 PM

157% increase over 25 years............ LOL..
southbay 795k now 980k 23% increase during construction.
Ideal Regency $290, now 435k 50% increase over 3 years.

not to mention bayswater and baystar yet....

Sorry mainland still very slow....

Affordable? Not the new botanica CT phase... the developer are getting greedy.
I went to the site for survey, their semi D are like 10% occupied, the rest are just investor
their new 3ST 899,969 discount 15k, no subsidy interest until VP and very low building spec. **** very brave.. even whitelily at minden height 2.5 storey only 793k, airmas -bayan residence(relau) also around that price, dnp-sentral green below 900k(relau).
SP setia 600-700k(sg ara), and jelutong 3ST 900+

I rather buy and stay at BM house than Balik pulau...
3 lanes bridge, lesser jam, cheap and good food at BM.. Lesser jam = lesser traffic light to FTZ.
Whining road to Balik pulau n frequent landslide

If want to say economical Nyaman Indah 2 3sT is 598k at balik pulau

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Added on May 11, 2010, 11:41 pmWrong calculation, u are assuming if u stay in island, u blink to work ?
No need drive?

So $300 - If u stay in island distance to work, most of eating place need collect parking, higher price of food and living standard, oh dont forget if u stay in lol apartment/condo u need to pay maintenace fees!.
Where in BM 498k(before minus 15k) can get u semi-d with 4200sqft land.

This post has been edited by dopp: May 11 2010, 11:41 PM

currently i'm workin in kulim n stayin in kulim (rental house)..
i think the cost will be a bit higher due to the pg bridge toll and the travel distance.

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Added on May 12, 2010, 11:43 amvery detail analysis..


This post has been edited by shadow111: May 12 2010, 11:43 AM

Let assume the same size of house u can get in mainland is 300k and 600k in island.
That's 300k difference.

Travel from mainland to island to work = RM10 petrol + RM7 tol
Travel within island to work = RM4
That's RM13 difference per day.
Assume u work everyday or travel to island everyday = RM13 x 30 = RM390 per month, let's make it RM400 = RM4800 per year.
Calculate for 30yrs = around RM150k

RM150k vs RM300k !! ( i not even calculate the loan interest from the 300k yet)

Of course u need more time to travel, but u can opt to work in mainland or Kulim.

Err.. i think u forgot to factor in capital return from the said property. At the end of the day, u may get a lot more from the island property by selling it when u retire. Any idea what's the appreciation rate in term of % comparing the 2 properties?

There is no guarantee that the return in island is higher than mainland in 30yrs. Currently yes.
I'm more worried the properties in island will collapse (physically) than it will appreciate

Looking on those condos nearby QBM area and the new "The Light" is really scary

This post has been edited by harrychoo: May 14 2010, 01:14 AM

condos near qb is crap

the putra place price now asking more thna rm340k is riiculous...most goreng by investors...only those whom wan a place to stay and dont think much will but...but other investors wont buy snce the pric will drop

its a leasehold..... and high density


somemore reclaim land and a lot of cracks

That is only paper gain, money that you can't even see it or touch it..

So where you gonna stay by selling the house after you retire? Stay with the kids?