Please PM me also. I am interested too
thanks

I would like to ask the opinion on you guys, do you guys feel whether it is better to buy a 550k double story terrace in balik pulau or to buy a 600k 1 room resort condo in gurney area, ( the 3 rooms cost about 1.2m ) which I truly could not afford

p/s: may be for investing purpose since the condo in gurney area is easy to rent out, for balik pulau it would be for residential purpose in the future i guess.

I think there are many other factors that may affect your decision. Such as your age, work location, got children?, do you already have a house to stay?

If you yet to have your own house, i think you should focus on getting a house for your own stay, else it is getting difficult in the future. There are many type of property you can invest, but for own stay, usually we are more particular.

But then the next question, are you sure you are going to stay in balik pulau? From your comment above, I am not quite convince that you wanted to stay in balik pulau later. Sometime we just trying to convince ourself to buy a property by giving excuse that can stay there in the future, but in actual fact that will never happen.

So if you already have house for your own stay, then buying a condo at gurney area for rental return would be the better choice. Then again how easy to rent it out will depends on location, pricing, condition and etc.

Hope this help.

I am 2x, currently living in a terrace, the rental for the condo is about 5%, with dibs and 7% rebate, so it kinda attractive because of its low entry point, may think of flipping after its fully developed too..

However I prefer landed to condo, but for investment wise, maybe i should really go for the condo.

Since you already have a house to stay, then i think condo is a better option. If there is an option, try to buy the show unit or the unit with fully furnish. Then you don't have to spend any money before renting it out and yet most of the furnishing cost will goes into your loan.

Landed is always the preferred choice, but if it is in balik pulau, flipping to make good profit my not easy.

5% rental return based on original purchase price or current market value? It's different actually

This post has been edited by pptalk: Jan 15 2013, 11:08 AM

The 5% is based on the original purchase price for a year, the 2nd year start will be based on current market value. However I am not sure about the per annum by then.

My actual plan is to rent it out in a long term basis, and then flip it when the time is right.

what do you mean by that?

""The 5% is based on the original purchase price for a year, the 2nd year start will be based on current market value. However I am not sure about the per annum by then.""

Its actually like this, the developer will sign a tenancy agreement with the owner for 5% rent, after the first year, u may have to find a tenant yourself.

Why not tell us which project is this?

Please pm me for the details because I don't think I can openly disclose the project

Pm me boss

Anyone has information about Sky 8 to share? Thanks.

According to the sales folks, this project will be launched in 2nd half.

You may find out more from here:

http://www.penangpropertytalk.com/2013/01/setia-sky-8/

How much psf?

more here
http://clproperty.wordpress.com/andaman/an...-news-articles/

Pls pm !

I think he's talking about Mansion One by Magna Putih / Ideal Properties

Please pm me more info.

you got PM