Hi Sifus, need some advice. I dont have much knowledge of the property market and Penang Island's current property situation. Any tips and info is much appreciated.

Looking for a condo/apartment to buy (1st house), preferably close to airport, school, uni area,etc.

Preferably not too old (not above 10 yrs), 300k - 400k, ideally 900 sq ft or above. Any recommendations on what project or area ?

I think Bayan Lepas, Bayan Baru, Relau area might be good. I want to buy and keep but able to rent it off to reduce repayment burden.

I found someone advertising at Golden Triangle corner lot condo for 1.2k sq ft for 393k. seems a bit cheap compared to other listing. Anyone know how are the properties at Golden Triangle ? I pass thru that area last yr and it seem to be developing.

is there any good condo property to buy, hold and rent out in Bayan Lepas ?

budget around 400k, 800 sq ft and above

I saw a couple mentions:

Havana Beach
One Foresta
QuayWest Residence

Hi there, Havana Beach seems accessible to many companies, airport and Bayan Baru area, besides the con of traffic due to Heng Ee high school and the maybe sound of airplanes (not sure, I havent go that area for a long time), is there anything I am missing out on ? I dont expect rent to cover monthly commitment but just to lighten the load. I am new to property stuff, just learning around

I heard Ideal Venice Residency in Island Glades Penang basically almost sold out until got waiting list, true or not

Decided to book a unit at Venice Ideal because of the location and price but got concerns, seeing as this is an high density 'affordable' housing project in Island Glades area, I can't help to feel that the roads in that area might not be able to support the amount of future traffic there. 1.6k units, the road I saw at the project site thru street view is one lane each direction. Don't know if the roads around the area might be enlarge or not

also met a fishy situation, despite knowing that there is quite a lot of interest in the project and the agents told me got a lot people on waiting list waiting for lot to free up from loan rejections,etc. But agents somehow can get a unit that free up that fit my criteria (Tower 2, pool side, Floor 7-9, 31-35, 38) in like 12 hrs, sounds fishy, like overhype project that I was lure into buying

anyone that know about the project can validate the concerns ?

This post has been edited by MKCL: Nov 9 2022, 04:05 PM

I already sign SPA, my colleagues also buy Venice, but its pretty much the only decent option under 600k, I cant find any new projects at a better location, I won't comment about their workmanship but I can't imagine them screwing with 1.6k families. If you want 600k and below, Ideal seems to be the only few that options you have.

is reno mafia for Ideal properties active for new projects like Havana ? share experience if you encounter for last year's Ideal project