We need more forward looking town planning for the Bayan Lepas area to avoid the mistakes we have seen in the northern part of the island. Otherwise the pressures of population growth will overwhelm the road network and public transportation system eventually, making the place unlivable. Right now it's still somewhat manageable, but I can feel the pressures already. More and more cars and longer queues. It's good to invest in property in Bayan Lepas and Sungai Ara, but also a double edge sword. Also, this area is highly dependent on the highly globalized manufacturing economy due to the proximity of the factories, If there is a serious downturn in the global economy, especially electronics, it may affect employment which will in turn affect rental and local property values.

you should understand the factors of investing in relau -> bayan lepas area.

Ideal and other developers are building massive apartments

-Oversupply

Understanding the key behaviour the consumer that will make purchases in that area

-factory workers that are having RISK of retrenchment

Understanding the MASSIVE SUBSALE market after all these projects when OC is obtained

-High opportunity cost

What would happen when you can't no longer hold the property?

-RENT FOR FOREIGN FACTORY WORKERS

heard that will get some announcment on DIBS this week, but so far no news yet

are investors/speculators releasing their units now? seems like many properties flooding the market...

some say property prices in penang is finally 'feel like' going south...

any sifus can share your knowledge?

is this a good time for genuine buyers to buy? or to wait longer?

anyone know why currently The Oasis in penang all want let go?anyone heard bad rumours about it ?

sure boh? my colleague just bought that place last month nia...

Oasis got probelm? What happen?

What u guys think about Penang second bridge ? Its nearby area development.....

Oasis is nearby Gelugor. Far far away from 2nd link

sorry, just ask opinion on Penang 2nd bridge , mainland .....

Especially　SIMPANG AMPAT area.... Kinda of interested to invest that place.... (after tambun indah plan to develop tht place)

Alma will be faster growth compared to Simpang Ampat. Simpang Ampat need to take another 5~10 years maybe. Alma is different, Tesco is located there. Jusco is opening 2014 or 05. But of course, the property price is high already.
But, in term of infrastructure, Simpang Ampat/ Pearl City is more convenient link to north south highway and 2nd link.

This post has been edited by investz: Aug 4 2013, 01:41 PM

Thanks for ur opinion, will look into it..

(actually, my grandma house in ALMA area)

Alma, never thought of it .... Frankly , places there seems like very pack... The price already increase A LOT A LOT ! B4 coming of Tesco, no one wan to buy ALMA house lo...

BUT, Tesco there , not good business one ..... If open another Jusco (rumors ? Or confirm ?) , I don't know where they find business....

There got a lot of people.... But, last time most of them is low cost house etc... The security there is rather bad... I found most people at Alma area have low purchasing power or Stingy ?

Do u agree wit me or ???

I agreed +/- 5 years ago ppl don't like Alma. This is due to percentage of flooding when heavy rain is very high.

Tesco business bad I really no idea, but confirmed Jusco is moving-in opposite Tesco (rumours say BM Jusco will close after Alma Jusco operate).

Nowadays everywhere security also bad, not only Alma. But if talk about purchasing power, I would say teenager spending power determine the high or low. Do you think those born after 1980/ 90 will spend money at this "rural" (compared to Penang island or KL)area?

Form my opinion, mainland's property can buy for own stay but not for investment (slow in return). Take an example, teenager choose Apartment or Condo (with facilities) rather than landed. Therefore, high rise in island is sales like hot cake, but landed in mainland is less demanding. I do not know your age range, but if for investment, you need to read what youngest want.

Cheers

thanks for ur reply.... I am actually born after 1980+... Just starting to plan to invest...
I agree wit u , Penang Island appraise much faster...

ALMA, flood (last time), not yet developed (last time)

But, frankly, I don't havesufficient $$ to invest in Penang island lo.... Mainland maybe still can ....

I am thinking that Since Penang island is SO EXPENSIVE, people will consider those mainland place that provide access to ISLAND... ?

We need to consider 3 important thing in property investment which is location, location and location.

I buy Simpang Ampat Pearl City 13 years ago. Buy at <200k semi-D. How much now can sell? RM400K also no idea got buyer or not. At island is different, 2013 you buy high-rise at RM600k, 2016 can sell at 800K. I duuno you agree or not

Simpang ampat, now sure can la.... RM 400K semi D, sure can sold out la.....

Its new development, terrace house, 20" X 58" land area, starting ask price RM 340K lo......

Isn't RM 800k, even in Island , difficult to find buyer lo..... Who can buy RM 800K easily ??

Now 800K at Penang consider expensive, after 3 years sub sub sui

the problem I don't have RM 600 K lo... or the ability to borrow such amount...

You go to the bank and look for the branch manager seek help. He/ she can help you b'cos he/ she need to meet sales target
This is what I do all the time. If cannot, you PM me, I teach you another method. Cannot say much here. Otherwise, it will create many competitor in property investment

My friend bought at Alma before coming of Tesco. Its price is steadily increasing now, recommend go for it. If you want security, need fork some extra money and buy elsewhere. Some roads leading to Alma are packed I agree~~