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Penang Apartments & Condos

If it's that simple.

Why didn't Hong Kong & Japan do it?

how about those in QB area leh? Gold Coast, D'residence, BayStar, the semi D there (forgot called what name).

I just looked at platino...smallest unit is type J 1000 square feet and the cheapest price is RM 718k based on the press release...so that means a 1000 sq ft unit for rm 718k?

I'm interested to get this http://www.tambunindah.com/property.aspx?pid=40

Any comments about the locations and developers? I want to get landed in island but the cheapest i get is RM300k at Balik Pulau

There are few more concerns.

1) How to calculate legal fees, S&P fees, stamping fees etc? From the developer side, seems like the S&P fees is free.
2) Possible to add renovation cost into the bank loan?

For RM718k, I'd rather buy a terrace hse or semi-D around Green Lane area.

platino is IJM project at e-gate there right? the price i think is correct

Yeah..platino is at e-gate.

the landed house in balik pulau...come together wif the orchard and durian tree rite .

SnP legal fees may be free from dev. side...but from what i heard if got problem might be hard for u to fight because the lawyer will defnitely side to the dev's side. can anyone give more advice on this?

you can always use ur own lawyer right?

yah can use own lawyer, but have to pay more $$$ ma....

if you know someone, i think that someone will charge you a reasonable price. At least, you know that your friend won't actually cheat you should he know something is not right with the agreement

I'm just wondering whether is it a wise move to even invest in Penang .. Properties there are so expensive, I guess the price won't raise much anymore or else nobody can ever afford living in Penang ...

you gotta do your homework if you really intend to invest in penang properties. your timing has to be right, and location matters a great deal. don't simply buy into those hype (by property developers and agents, no doubt) that you must BUY BUY BUY NOW!!!

agents will always cite you the case of bayswater, where a 1600sq ft bought at launch around 350k can now fetch 550k+. (supposedly la..but whether really done or not, i dunno) but bayswater was launched around 2003/4 where our economy was pretty slow, and of course comparing with 2007 where there is a boom in equities and commodities prices all over the world, surely will see a decent appreciation. you gotta ask, now you buy 550k, you think 3 years down the road someone going to buy it from you at 800k?

also as a general rule, penang condos are slower in capital appreaciation but fetch ok rental. the reverse is true for landed properties. there are semi-d that are being rented out at 1-2k only.

so bottomline, you really gotta do your homework if you wanna invest in penang properties.

Do you know that many foreigners are staying in Penang? Some condos or even the penthouse located in Gurney are reputed to be owned by tycoons from greater china to keep their mistress

yup land there are selling roughly 50% more expensive than premium areas even within the klcc vicinity

Does anybody has any comments on new houses at Sunway Mutiara at Permatang Damar Laut. Double storey terrace is going for 580k.

Any commments about hte location? Is the 2nd link going to be very very close to that area?

i am also looking for a landed house in penang

i saw a few at relau

Setia Pearl Island

how is the place??

price is about rm800K for one corner unit


the rest mostly in fact all sold off

its 3 story

anyone aiming for low-cost property like Sri Saujana flat at Harbour City near Ferry? Its around 75k excluding car park. instant access to jelutong express highway and near to Komtar and Ferri.

i'm planning to buy one for investment and for rental. is this a good move?

sg ara is quite a congested area. access to the area is limited to a couple of main roads, so that contributes to the traffic jam, especially during the office hour rushes. sp setia is quite deep inside sg ara, so you gotta consider this factor.

you can also consider mah sing's development at batu maung. new area and it's a bit further than sg ara, but it's near the main coastal road, so infact travelling is easier. price-wise is quite similar to sp setia. but iirc, it's gated community so you gotta pay a few hundred bucks p/month.

but actually if you ask me, the prices for new houses are rather steep. it's getting quite silly already. soon it's gonna be out of reach of your average wage earner. quite a sad situation that our house prices are similar or even exceeding kl's yet our pay is generally lower! no wonder ppl say penang ppl are kiamsiap......have to save money to pay for the houses!

why not consider second hand houses? if you look hard enough you can still get some good buys in sg ara area. you have to spend time and money on the reno work though, and some ppl just dont like to bother with that.

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Added on April 7, 2008, 10:32 pmdunno the rental rates for flats there. but if you can get something like 500/600pm then you can get quite a good rental yield. for investment, i dont really think a very good move though. there are plenty of low cost flats around that area, and more seem to be coming up.

This post has been edited by abarai: Apr 7 2008, 10:32 PM

[quote=abarai,Apr 7 2008, 10:27 PM]
sg ara is quite a congested area. access to the area is limited to a couple of main roads, so that contributes to the traffic jam, especially during the office hour rushes. sp setia is quite deep inside sg ara, so you gotta consider this factor.

you can also consider mah sing's development at batu maung. new area and it's a bit further than sg ara, but it's near the main coastal road, so infact travelling is easier. price-wise is quite similar to sp setia. but iirc, it's gated community so you gotta pay a few hundred bucks p/month.

but actually if you ask me, the prices for new houses are rather steep. it's getting quite silly already. soon it's gonna be out of reach of your average wage earner. quite a sad situation that our house prices are similar or even exceeding kl's yet our pay is generally lower! no wonder ppl say penang ppl are kiamsiap......have to save money to pay for the houses!

why not consider second hand houses? if you look hard enough you can still get some good buys in sg ara area. you have to spend time and money on the reno work though, and some ppl just dont like to bother with that.

hanks for the reply abarai.... u mean maintenence for ehich one? the batu maung one?

sp setia maintenence is only for the security which is rm50 per month... cheap

anyhow will be looking into batu maung areas

got any website? my budget is below rm800K

i also want a corner lot or a house with land at the side....

go google for mah sing.

you may not get corner for below 800k though, coz i think their intermediate already going for 7++k.

yeah their maintenance is more coz they include clubhouse facilities, if i'm not mistaken

i can get a corner unit at setia pearld island at rm800K

thast why i am considering

its not easy to get a corner lot nowadays

this mah sing pricing seems to be very high ler