To be honest with you, there are several projects in Penang,

Luxury or Non Luxury.

Developer Packaged the project up to 20-25% above the market price, and giving away rebates like GRR (Guarantee Return Rate).

Examples such as,

The Maven, Was selling at RM5xxk for a Landed Town House in Balik Pulau but was priced at RM6xxk-7xxk by Developer by introducing such GRR rate.
Arte S, Was selling at RM7xxk for Service Apartment @ Gelugor Area but was priced at RM1mil onwards by Developer with 3 years Guarantee Return Rate.

So hence, you have to be very careful when you purchase a property, not to look at something overpriced and gets attracted by freebies.

Stagnant Pay because Stagnant Productivity.

People in Penang wants to work less, gets more money, earns the most benefit from the company but work Least.

For people that works really hard, they are well-paid.

Penang has got 2 industrial zones, in Island and Mainland.

Medical Tourism and Tourism are the contribution factor as well.

If you happens to go mainland, there will be plantation, agriculture

well that's why maybe you invest salah, enter high price then difficult to exit, it's always like that man.

everything is basically the same. enter betul = make money, enter salah price/timing = lose money.

but we are talking as awhole of the real estate economy

Well, when something which we considered the "minority" or has the least "impact" in the market segment. we called it "Nobody knows about it".

We all know the justification of a Big picture doesnt comes with a minority transaction which is not even 0.1% in the segment.

Can you get something higher than 550 psf in Sg Ara? well if its not than it's considered Luxury Segment.

That's exactly what I'm trying to say, that's how the failure happens and developer actually lured consumers to buy overpriced property.

we all know it's called mark -up, but many are careless to proceed with such deals as they are not well informed and aware about it.

as simple as that.

Balik Pulau is a town suffering from negative population yearly. up to 5%.

The intention of Serviced Residences with Commercial title is designed to cater AirBnB which many development failed.

Penangites has got significant amount of raw cash that doesn't know what to do with it

That's just an example, if you invest betul = profit , invest salah = lost. simple as that.

i don't believe if theres any theory that = Invest Betul = Lose Money, got such thing ?

You can just go brickz.my to do your own research. but if you want further detail and explanation, you may list your property as i can give you my assumptions based on my experiences in the property sector

it's purely based on facts. For my deposit scheme and summary : https://www.nst.com.my/news/nation/2017/12/...ns-registration

And MyDeposit scheme is not a Major Factor, considered a very minor percentage of factor to be taken into consideration.

Well if you go to a place that has something extraordinary, such as :

Pulau Tikus average price persqft RM700-800. Moulmein Rise was selling at RM1,500

It is considered as Luxury (or else how could it be priced at such a big figure) ?

well, invest not for profit then for what? for lost?

Meaning of Investment :
In general, to invest is to distribute money in the expectation of some benefit in the future – for example, investment in durable goods, in real estate by the service industry, in factories for manufacturing, in product development, and in research and development. However, this article focuses specifically on investment in financial assets.

Makan = Kenyang is not an appropriate statement. (Makan = Kenyang is for sustainability).

Invest Means, Tanam Satu Kangkung, Dapat Satu Pokok Kangkung., If KangKung Mati failed means Investment Fail.

For a greater return.

People talking about in General, you talk nonsense. if you don't understand Invest, please attend more talks and seminar

Im not from KL and I don't comment what happens in KL. I'm not familiar with the market in KL.

What are the government initiatives? Maybe you could name it? Say something which has already Happened, not future or anything in the pipeline which considered hearsay.

500,000 units? Impressive, which location? position? price? date of launch? by whom? in how many years?

learn to speak with appropriate data.

oh wait.. hear say

for own stay its called inhabitant, for no greater return and solely for comfort.

my god, people like u, really waste my time explaining facts to you.

seems like you dont understand facts at all man.

i doubt you have even a property

RUMAWIP = KL
PR1MA = 0 In Penang Island
PP1AM = government Servant (putrajaya)

pls read properly and understand carefully, dont talk nonsense without u even know what u r saying, making a fool out of yourself.

stop being so naive man.

i've explained about the 8% earlier but if you don't understand theres no point showing you somehow.

you might dont even have a property to talk with. thats why you talk rubbish, thats all you have got

you're just a joke man.

Circumstances will change, why not you say the world will change.

When we talk about investment = the sole purpose is investment.

stop making yourself looking like a stupid.

you're a joke

i mean seriously , your knowledge is so premature that doesn't even know what your saying

nice way to ask for something, you dont have an account? what IHC to maintain properties?

what a joke. dont even have money to retrieve your own data and needs feeder?

well verified. so where is it? i dont see any of it?

link? facts? no facts no talk.

only jokers uses IHC to invest in properties, thats a pure joke of century.

eh wait.. i thought IHC can only loan for 60%?

joke

no logic, no sense but pure joke.

doesn't even know what is investment,

makan = kenyang method.

kangkung property owner joke

joke again a joke, don't understand about property and talk trash here.

any of the project stated above, has been implemented or constructed? or just hear-say again?

we talk about the real actual implementation, not hearsay. there are several projects that has been converted into private.

again stop making jokes and a fool out of yourself man. IHC is long gone and unpopular and nobody even credit as it has to bear another level of difficult set of rules and regulations.

again, what does PR1MA has to do? it doesnt give any subsidy?

joke again a joke, whos adrian wee and tony yap? never heard before. giving names that nobody knows

hi joker.

investment is makan = kenyang, what joke is this.

usually someone who has failed to make money from investment is as such.

makan = kenyang

hi. the selling price @ golden triangle back in 2013 was RM350k and soars to RM550k in year 2015 and went back to RM490k

do the maths, dont be lazy.

invest = eat to kenyang

nice joke of investment

IHC = cannot make borrowings even it has Income statement, maximum 60% loan.

whats the advantage of using IHC? are you in 2013-2015?

didnt you aware that you are tax with 24% by Inland board of revenue just because IHC is openly declare as an investment and money making vehicle despite holding properties for more than 5 years?

what kind of joke is that man?

joke