Can always sell a higher value landed property and move to an apartment after all the kids have gone study or work. Anyway, paper gain can always be realised if property is sold.

---

Added on May 14, 2010, 10:51 amPenang island is very short of land, so in view of short supply and hot demand, i would think island property would go higher in 30 years. That's my personal opinion.

I agree with u I wont buy The Light to stay. High rise built on land refill is kind of unstable.

This post has been edited by newbie99: May 14 2010, 10:51 AM

After 20/30 years, the price you pay for an apartment is way more that what you paid for a landed house..

I dont get what u meant. The price of an apartment 30 years later will be higher than the price i paid for the house NOW (that's called inflation).So? After staying in the house for 30 years, then sell it and move to an aparment, dont u think i will have some cash left over? the price for an apartment, now or 30 years later, will be cheaper than a house!

this is unrelated but i would like to ask for opinion.

I sense my lawyer like cutting my throat.. she told me the legal fees for loan and S&P produce include all service like tnb change name, duty stamp and everything la cost RM6k..

i was so shock.. i tot is roughly around 2-4k only and since im 1st time buyer so should get 50% of the duty stamp.. anyone can help? is my lawyer fees too expensive??

im from penang and that lawyer is my fren ( sadly )...
my house value is around RM165k

is there any guideline for this?

i recently sold my house, lawyer handle almost everything.
sold at 230k mainland, lawyer fees total less than 2k

you can always shop around for different lawyers to get the best price

Now there is a ruling which states that lawyers aren't suppose to give discounts on the legal fees. That must be the reason ur "friend" did this to you pretty sad huh.

Lawyer fees for buying a house and selling a house is different. Selling is always cheaper than buying...

Properties in Penang Island is booming and is always the best if you would compare to stock market and Forex, (I am talking about a landed property). The best area for INVESTMENT on landed properties is from Gelugor to Bayan Baru currently, I personally like Sungai Dua / Taman Pekaka.

Reasons: * Strategic location-- Tesco Extra, School, Shops, USM, Food Courts, 2 minutes to and from the bridge, Shopping Malls, Wet Markets, and etc...
* Price-- This area housing price are still reasonable, Less Investor "goreng"
* Easy Excess-- Yap Chor Yee Road, Jln Sungai Dua (linked to at least 3 or 4 excess)
* Easy to rent out: Imagine! a 4 rooms double terrace can partition up to 10 rooms and each room you can rent to USM or Inti College student for RM250 each with aircond RM350 and get rental for RM2500 a month minus the monthly installment say RM2200 assuming you loan abt RM500K. The USM students will be serving the housing loan for you until USM or Inti College relocate... (which is impossible) .

I personally bought 2 houses there and already convert to student hostel 1 with 8 rooms and 1 with 10 rooms. Guess what, I am making about RM500 a month after paying the installments.


Best Wishes,
Misha

agian~ facing problem..

my banker reject my loan and tell me that the developer for ARAMAS in sungai ara have brankrupt.. i was syok.. i ask the owner he say no la.. just not active.. but my lawyer say bank will not lie wan.. so how how how

haha...obviously owner say no la... tell the owner go fly kite lor since you have proof from your lawyer...

---

Added on May 30, 2010, 11:51 pmproblem is...the price will increase when there's only buyer available...so you can't blame the investors who goreng also... of course..if you buy..u sure want to milk out every single cent available for your investment...
but there's still buyers out there even though ppl seem to goreng the price....

putra place is new.... consider ok la RM300k..imagine the lousy melati apartment also ppl goreng now to RM300k for gnd floor....but u can't blame the owner...there's actually someone buying it...so that becomes the market price...

same goes for putra place...got buyer..then what to do?

This post has been edited by kevyeoh: May 30 2010, 11:51 PM

bad luck for me.. after checking the place my lawyer found out that the developer run away.. they didnt bankrupt but just runaway.. i call the management office to ask.. they say they also looking for the developer..

please advise.. i like the house very much but there is so so many problem about it.. should i buy or find another one?

why bother yrself with all the hassle/etc as the developer has run away?
better find a new location.

My advice is to get another one... With developer ran away, there'll be nobody responsible for strata title application... Of course, the Joint Management Body can apply but that could require some extra money from residence or somewhere else.

Also, there'll be problem for you to sell in future... the potential buyer will face similar issue like you...

But, if you really like the house then may be can look for other bankers... there're bankers who willing to take higher risk but the rate could be higher.

sign is already there for you...why still go ahead with the plan?
penang really only that one particular place for you to stay that you like mei?


i have 2 places that i like staying at...maybe 3...hahaha....
p/s: area....

This post has been edited by yahiko: Jun 7 2010, 08:02 AM

for those who are interested in the properties in seberang perai selatan, tambun indah has a new gated project (Pearl Villa) with clubhouse facilities next to their current Pearl Garden project:

Tambun indah Pearl Villa

Anyone feel the price is getting out of hand lately for PG properties? I thought it was amusing to read that the MCA adviser at the recent Property Fair launch was encouraging developers to build affordable housing for "regular" folks, it implied that the fair was exclusively targetted to investors/high end market. ( Which it kinda was )

hi,

sadly to say, the prices for penang properties will continue to rise. the traffic was pretty bad n heavy at the surrounding roads leading to the venue of the property fair. not to mention lots of cars from other states n singapore.

being an average earner myself, i m at a lost for words but at least i was a bit lucky when i bought my apartment in 2007 during the downturn. bought d 2nd apartment ( town area abt 900sq ft ) at around 240k but now ppl are selling it more than 330k n above....but so wat as i cant afford to upgrade to a bigger unit as my family size is increasing.

i did do a survey abt 2 mths back n found all new apartments ( either newly launched or in the midst of completion ) are heavily speculated. the properties are selling at 40% higher than the launching price. and most of them are either fully sold or just left a few units.
a few of my frens are also speculators n they made a lot of money, some of them can be considered millionaires between 30 to 40 yrs old. n they did it by buying 1 unit at a time and with less than 50k to start up with.
at the end of the day, these ppl take the risks n the opportunity.....of course they had some cash to start up with which i don't have....so wat to do.
finally...i remember someone quoted in the news, there are still affordable properties but it is just a bit further away ( mainland ).

i still do have some frens who dont own any property n they keep hoping the bubble will burst. as much as i hope so but i dont thk it will....so just keep dreaming. i still harbour some hopes of upgrading my apartment, possibly an old ( 10 yrs or more ) 2nd hand unit again but a bigger size and i know it will be at least 450k n abv. 1 man's misfortunes is another man's gain.

Less that 2k lawyer fees. Stamp duty already a big amount and disbursement already 80% most cases. Impossible 2k.

guys i'm a looking for 500k n below new double storey terrace house...it's for long term stay not investment...i'm considering either teluk kumbar or balik pulau as only these 2 places can find house in that price range...i'm in dilemma of which 2 choose as both have their own pros n cons...

teluk kumbar:
1. urban area, undeveloped...take more years to b developed compare to balik pulau (i think)
2. surroundings are kampung/squatter houses..mountains..empty lands...
3. 98% are malays
4. nearer to FIZ

balik pulau:
1. more developed (at faster rate somemore), more schools n amenities coming up..will b commercialized soon
2. more better houses like TST/DST/semi-d
3. more chinese
4. major issue is the road system...uphill climb...more petrol consumption n frequent car maintenance...further to both city and FIZ compare living in teluk kumbar...

do u guys have any suggestions/advices to share with me before i decide where to settle down?