QUOTE(jamieoh1017 @ Feb 6 2008, 06:24 AM)
E&O project in Tanjung Bungah, i advise not to..coz i was at the launching ceromony whihc i was invited to prepare chinese tea for the guests, but i already saw many cracks on the floor, coz that is reclaim land.. and they jus continue to build be the land is stable..u know wat i mean, which is reclaim land need to be left there for more than 1 year to stabilise, while E&O jus continue to build after he land was reclaimed..
and bout Greenlane, yes there are jams, but if u know the path to use, then the jam wouldn't be a matter anymore, many locals (malaysians) will consider greenlane if they r moving to penang, coz its quiet reasonable and convenient, it's not like ferringhi or tanjung bungah, they might be good place to stay and very near to prime supermarket such as GURNEY, but it's not convenient and the jam is worst than greenlane..really cannot move..
Greenlane's jam is caused by bottle necks and traffic lights, so it will clear of fast..i am a free lance broker for land and properties, and many have came to me and ask bout greenlane, that's a very strategic place, u see, even IJM wanna develope opposite TESCO...and where's there? greenlane and gelugor area..
For the PORR, of coz the info r not available online, tat's y i recommend u guys to look for developer fren, coz some company r quite aggresive or close to government sector, they would have the info about PORR...
I'm actually pushing a land, in the heart of penang town, its a herritage area, but the building is formerly a disco place (clubbing), and it stands at ard 1 acre, max height is 5 storeys to 6, depending on the structure designed (18 feet) - limitation for sturture design info obtain from council, i would be a good location to set up low cost hotels as it is only walking distance to prangin mall and KOMTAR where the main bus hub is located and can move ard penang easily even tesco, queensbay or so... can any one gimme more suggestion of wat to do with the land?
I agree.....That area is quite strategic. Penang is full of jam. Wherever you go, from which ever road you are coming from, it will have jam. Be it, Sungai Ara, Tanjung Bungah, Pulau Tikus, Greenlane, Georgetown, Gelugor....ALL will have jam. Is only whether you know how to manuever around or make ur departure at the correct timing.
Added on May 5, 2008, 11:06 pmOk...Getting things clear again. Investing in the property means you are getting returns from it. You are not buying it, to stay in it and pay bills, renovations, Astro etc. That becomes a negative cash flow and its no longer investing. You will only make your returns if you sell that property away (then you will have no place to stay) or rent it out and cash in from the rent.
The Spring.... Launched at E&O on Saturday 3rd May. Opens at 9am by 10am sold almost 70-80%. There were people waiting in long queues and also bulk buyers got more opportunity. So the richer folks bought it and then middle class folks who really wanted to buy to stay (not invest) were left out again.
Permatang Damar Laut...is between Batu Maung and Teluk Kumbar, near the airport field. Its a kampung type area, currently being developed. You'd prolly hear planes landing and taking off. Its easily accessible to the Coastal Highway that will lead you into Georgetown in 30 minutes.
Southbay - Made for those who can really afford the price lah.....If you are just starting out, do you have the $$$$? The area there will sell from upwards of RM500k. So whoever buys there or rents there will need to have the duit lah...
This post has been edited by VyvernS: May 5 2008, 11:06 PM