I actually stay in one of those type of houses (Delima) and personally I think that at RM600k, its really overpriced...

The wood floors on the 1st floor is tough and treated. Cons are you can hear or feel the fan downstairs when its turned on. Sound travels throughout the house and mine is really dusty because its right along the mainroad...

Even then...its a really, really small piece of land, eh... 

That said, there's this new condo.. Delima Palace that was recently just constructed... I hear its also really expensive...

Any advice for a guy considering changing from condo to a landed property?
My current place is fetching good price, but landed also costing a lot.
But I'm afraid that in the long run, the price appreciation of landed will be more than my condo. Then it'll be harder for me to finance the upgrade.

People buying doesn't means its always a good thing. In fact, it's the non-stop buying that is causing the price to goes up so much.
I see that most buyers are speculators, just buy buy buy then hope to sell for a good return.
But even when there's more supply than demand, they keep on raising their price to cover for the loan interest.
Don't have landed property now.
Are you a RE agent? From Penang?
PM me if you are.

I've been to the E&O area... very nice place. Not for a salaryman like me. And I also think that many of the buyers there are not from Penang, or even Malaysia (I could be wrong).

If I was a foreigner, I wouldn't buy landed property in Penang. Why? Rental yield is terrible! Average terrace house in Penang rents for under RM1.5k, price >500k!

To be frank, in Penang, we can still actually get affordable landed property depends on the structure's condition. You can simply get one single storey at average price. Depends on what people really wants. For some people, they prefer high-rise residential like condo due to security wise, some people prefer landed property, gated landed property as well.

some people are mentally secured!

Really? That seems to be a fair price. But can you go into the details a bit?
Leaking roof: The repair you meant is that they seek out the faulty part of the roof and repair it or replace everything?
Reinforced concrete: How to know if needed?
Wiring, Piping: Again, tear out all the old ones and replaced with new?
Termites: Replace wooden part of the house? Or putting in the preventive measures?

Seems like quite a lot for below 10K....

http://www.sinchew-i.com/sciSC/node/194003?tid=1

Sinchew news ... Penang people queue for three days to buy a condo ... The condo name elit ... So good ah the condo? Can Penang lang comment here?

hi there,
any agent in butterworth, penang do drop me a pm...
currently i has cash ready and i looking for property to invest..
thank you.

Which makes things difficult for me.
I'm looking at some pretty old houses right now, need an estimation on how much needed before I can commit to it.
It would be disastrous to purchase an old house only to discover that I cannot finance the repair

I'm buying for own stay.
The place is in Island Glades. It's an original condition house, with timber flooring.
I have about 100K to fix up the place.
I'm no expert, but perhaps you can look into low cost flat at strategic location. That might offer a good rental yield. Maybe.

Which is what makes me confused about the property value in Penang.
Taking D'Piazza as an example, you have a not so good highrise (my opinion, no offense) at a quite good location.
But majority of the units there empty, and very highly are waiting to be sold.
If the supply is high, then logically the price should be low. But it's not.
I suppose the sellers are able to service the loan, at probably about 1K/month.