Yes Rental yield in Penang is extremely bad... you can only look for capital gains in Penang.
Penang Property Talk, Property talk on Penang
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 Jan 29 2011, 12:00 AM
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Senior Member
4,999 posts Joined: Jan 2003  
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Jan 29 2011, 05:30 PM
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Senior Member
2,167 posts Joined: Dec 2010
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QUOTE(DarkNite @ Jan 28 2011, 10:05 PM) As far as I'm concern it is just a false sense of security. some people are mentally secured! |
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Jan 29 2011, 08:10 PM
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All Stars
11,058 posts Joined: Jun 2008
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QUOTE(RedBishop @ Jan 29 2011, 05:30 PM) some people are mentally secured! Then they will be in a terrible shock when they find out how easy it is to break into an apartment/condo! And even steal their car that was park in their condo. |
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Jan 31 2011, 09:07 PM
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Senior Member
2,167 posts Joined: Dec 2010
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QUOTE(DarkNite @ Jan 29 2011, 08:10 PM) Then they will be in a terrible shock when they find out how easy it is to break into an apartment/condo! And even steal their car that was park in their condo. yeah and the management/security shall take the responsibility |
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Feb 1 2011, 12:26 AM
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Senior Member
879 posts Joined: Jan 2011 From: iWill.com.my
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QUOTE(DarkNite @ Jan 28 2011, 10:05 PM) As far as I'm concern it is just a false sense of security. A lot of people I know staying in condo because of the security reason, even their pockets are all loaded. |
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Feb 1 2011, 07:50 PM
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Senior Member
1,116 posts Joined: Aug 2006 From: SP,KL
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QUOTE(Misha888 @ May 20 2010, 03:23 PM) Lawyer fees for buying a house and selling a house is different. Selling is always cheaper than buying... hi misha,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 would like to noe that u are getting a 2nd hand unit or new unit? btw how much is ur reno cost to convert it ito student hostel? |
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Feb 2 2011, 02:16 AM
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Senior Member
4,694 posts Joined: Jan 2005
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QUOTE(iWill @ Feb 1 2011, 12:26 AM) A lot of people I know staying in condo because of the security reason, even their pockets are all loaded. Yeah, I also knew quite a few businessmen who flea their b'glos, semi-d & switch to condos.To avoid creditors from knocking on their doors directly. |
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Feb 4 2011, 07:40 PM
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Senior Member
4,720 posts Joined: Jan 2003
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Those area are probably 2nd hand... No new houses...
QUOTE(ChinHong86 @ Feb 1 2011, 07:50 PM) hi misha, would like to noe that u are getting a 2nd hand unit or new unit? btw how much is ur reno cost to convert it ito student hostel? |
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Feb 6 2011, 12:07 PM
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Newbie
1 posts Joined: Feb 2011 
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Could someone out there, from Penang island, tell me about Vista Gambier along Yeap Chor Yee road? I'm am keen to buy. Any advice will be wonderful to help my decisions. Please..... thanks. MT
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Feb 11 2011, 11:58 AM
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Senior Member
567 posts Joined: Feb 2006
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M-Tower for The Golden Triangle in Sungai Ara is going to be launched tomorrow.
Priced at 288psf and 2 free car park. Two sizes available 1261sf and 1322sf. Comprises of commercial lots at the bottom. Two blocks have been launched earlier with 238psf and 265psf in June 2010. Developer is GSV Development Sdn Bhd. Project managed by Paramount Projects Sdn Bhd (Anyone know what does it mean by managed by? GSV is new developer, no track record but Paramount is good) Developer bearing interest during construction. Still worth to buy? |
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Feb 11 2011, 11:30 PM
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Junior Member
202 posts Joined: Nov 2004 From: Penang
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QUOTE(Suicidal Guy @ Feb 11 2011, 11:58 AM) M-Tower for The Golden Triangle in Sungai Ara is going to be launched tomorrow. there must be people queuing overnight at the sales office now. Penang style Priced at 288psf and 2 free car park. Two sizes available 1261sf and 1322sf. Comprises of commercial lots at the bottom. Two blocks have been launched earlier with 238psf and 265psf in June 2010. Developer is GSV Development Sdn Bhd. Project managed by Paramount Projects Sdn Bhd (Anyone know what does it mean by managed by? GSV is new developer, no track record but Paramount is good) Developer bearing interest during construction. Still worth to buy?  |
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Feb 12 2011, 09:35 PM
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Junior Member
74 posts Joined: Dec 2010
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QUOTE(mtiara38 @ Feb 6 2011, 12:07 PM) Could someone out there, from Penang island, tell me about Vista Gambier along Yeap Chor Yee road? I'm am keen to buy. Any advice will be wonderful to help my decisions. Please..... thanks. MT Good view, spacious and a good buy if you can get it at anything below 380k |
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Feb 18 2011, 07:45 PM
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Senior Member
3,158 posts Joined: Apr 2005 From: -Butterworth, Penang- 
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hi there,
any agent in butterworth, penang do drop me a pm... currently i has cash ready and i looking for property to invest.. thank you. |
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Feb 19 2011, 01:47 AM
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Junior Member
58 posts Joined: Aug 2007 From: Penang Island
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Golden Triangle ........my fren just brought 1 unit ......from my opinion that location is terrible. To get to the condo, you need to pass thru the terrible traffic light .......always jam everyday none stop ...
I dont see why is that place a good location at all ..... unless someone plans to do something about the trafic going into that area |
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Feb 20 2011, 01:33 PM
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Senior Member
2,442 posts Joined: Jan 2009
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http://www.sinchew-i.com/sciSC/node/194003?tid=1
Sinchew news ... Penang people queue for three days to buy a condo ... The condo name elit ... So good ah the condo? Can Penang lang comment here? |
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Feb 20 2011, 02:48 PM
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Junior Member
74 posts Joined: Dec 2010
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QUOTE(nkhong @ Feb 20 2011, 01:33 PM) http://www.sinchew-i.com/sciSC/node/194003?tid=1 Elit is three block of new condo residence built on top of a shopping mall...Much like Penang Time Square. Area ranging btwn 1465-1710 sqft. Location wise pretty good, nearby new town of Bayan Baru. However the price of 400k does not justify a buy. Just my 2 cents. Sinchew news ... Penang people queue for three days to buy a condo ... The condo name elit ... So good ah the condo? Can Penang lang comment here?  |
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Feb 21 2011, 09:25 AM
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Senior Member
734 posts Joined: Feb 2006 From: Penang
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Anyone knows what to look for when refurbishing an old house? Leaking roof? What else?
Also, any idea on how much it generally cost for refurbishing? To cyongyong, thanks for the lookout so far  |
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Feb 21 2011, 09:33 AM
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Senior Member
1,747 posts Joined: May 2005 From: Malaysia
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QUOTE(xecton @ Feb 21 2011, 09:25 AM) Anyone knows what to look for when refurbishing an old house? Leaking roof? What else? leaking roofAlso, any idea on how much it generally cost for refurbishing? To cyongyong, thanks for the lookout so far reinforce concrete if needed redo electric wiring and plumbing if more than 10 years already for your own safety white ant? termite basically those are hte basic one. Not that expensive, I would say if no reno is needed, only <10k is needed for all the above. Added on February 21, 2011, 9:35 am QUOTE(scorgio @ Feb 2 2011, 02:16 AM) Yeah, I also knew quite a few businessmen who flea their b'glos, semi-d & switch to condos. This explain why some of the double storey house is renovated like *$&*#$To avoid creditors from knocking on their doors directly. I have a friend, his dad bought a DST at 600k, but spent > 1 Mil on renovation. That's to avoid somebody knocking on the door......and the reason we all know...haha This post has been edited by surf-it: Feb 21 2011, 09:35 AM |
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Feb 21 2011, 10:00 AM
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Senior Member
734 posts Joined: Feb 2006 From: Penang
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QUOTE(surf-it @ Feb 21 2011, 09:33 AM) leaking roof Really? That seems to be a fair price. But can you go into the details a bit?reinforce concrete if needed redo electric wiring and plumbing if more than 10 years already for your own safety white ant? termite basically those are hte basic one. Not that expensive, I would say if no reno is needed, only <10k is needed for all the above. Leaking roof: The repair you meant is that they seek out the faulty part of the roof and repair it or replace everything? Reinforced concrete: How to know if needed? Wiring, Piping: Again, tear out all the old ones and replaced with new? Termites: Replace wooden part of the house? Or putting in the preventive measures? Seems like quite a lot for below 10K.... |
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Feb 21 2011, 10:26 AM
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All Stars
11,058 posts Joined: Jun 2008
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QUOTE(xecton @ Feb 21 2011, 10:00 AM) Really? That seems to be a fair price. But can you go into the details a bit? Initial quotation for renovation are just a ruse to secure the job. Better you get a few quotes with detail spec & scope of the work.Leaking roof: The repair you meant is that they seek out the faulty part of the roof and repair it or replace everything? Reinforced concrete: How to know if needed? Wiring, Piping: Again, tear out all the old ones and replaced with new? Termites: Replace wooden part of the house? Or putting in the preventive measures? Seems like quite a lot for below 10K.... Added on February 21, 2011, 10:29 am QUOTE(nkhong @ Feb 20 2011, 01:33 PM) http://www.sinchew-i.com/sciSC/node/194003?tid=1 That area is very congested...but better you come and see for yourself its surrounding and Feng Shui.Sinchew news ... Penang people queue for three days to buy a condo ... The condo name elit ... So good ah the condo? Can Penang lang comment here? BTW there is an up coming PENANG INTERNATIONAL PROPERTY EXPO 2011 at Penang International Sport Arena (PISA). Date is March 18 to 20, 2011. QUOTE(stevenlee @ Feb 18 2011, 07:45 PM) hi there, Land or houses?any agent in butterworth, penang do drop me a pm... currently i has cash ready and i looking for property to invest.. thank you. This post has been edited by DarkNite: Feb 21 2011, 10:29 AM |
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