If the seller is untung damn a lot, maybe he will consider to pay 2%, buyer no need to pay.......IF lah...
Penang Property Talk, Property talk on Penang
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 Feb 1 2013, 02:26 PM
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#1
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810 posts Joined: Mar 2008 
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for penang, agent commission is paid by both seller (1%) and buyer (1%).....strange rite
If the seller is untung damn a lot, maybe he will consider to pay 2%, buyer no need to pay.......IF lah... |
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Jan 11 2014, 07:17 PM
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#2
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810 posts Joined: Mar 2008
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well said,for landed less than 1million (maybe old housr), look elsewhere than tg tokong / bungah…
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Aug 4 2017, 01:37 PM
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#3
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810 posts Joined: Mar 2008
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QUOTE(oe_kintaro @ Apr 24 2017, 12:07 PM) Are you a native Penangite? Typically Penangites will flock to middle to upper-class areas like Tanjung Bungah / Tanjung Tokong / Gelugor. Penang is about capital appreciation if you are into landed. Forget rental yields. It's a buy and hold mindset here. If you want to think out of the box, Balik Pulau is a good place to retire but it's long term play. If you buy there the typical native Penangite will say you are out of your mind. what is hoi polloi and backwater ??? After staying 17 years in on the island, based on personal experience, here's what telling a stranger where you stay subtly implies:  1) Pulau Tikus / Tg Tokong / Tg Bungah: middle class/rich people. 2) Western Gardens / Jalan Bell / Solok Bell: old money 3) Air Itam / Jelutong / Jalan Perak: hoi polloi / working class native 4) Gelugor / Greenlane: middle class / civil servant 5) Bayan Lepas / Sg Ara / Bayan Baru / Batu Maung: outsider / Factory worker 6) Balik Pulau: Backwater....   |
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Sep 19 2017, 01:24 PM
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#4
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QUOTE(ltpg @ Sep 18 2017, 08:56 AM) what is your opinion on bayan baru area? Arena is low density and price had dropped a bit. Arena / Elit / D-piazza all those condo are with rented for student hostels .... some people will not like it (noisy crowded).Also some owners use it for AirBnB play, just that the number of AirBnB units at these condo are not too much until alarming all the residence and management body, so still no issue thus far. Arena: freehold, residential & commercial title (1 block each) Elit: freehold, commercial title D-piazza: freehold, residential title Promenade: leasehold, commercial title 1-world & 1-sky : leasehold, commercial title Olive residence: freehold, residential title The cukai taksiran for commercial title condo is roughly 5 times higher than residential title condo. Example: rm350 vs rm1500 per year. |
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Jun 23 2018, 10:39 PM
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#5
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810 posts Joined: Mar 2008
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QUOTE(ltpg @ Jun 17 2018, 02:34 PM) did u view well? looks like hot cakes looking at the price range, i guess block A is residential title, block B is commercial title. Right ?block a 02/08/2017 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 480 600,000 27/07/2017 ✕✕✕-✕✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 464 580,000 05/06/2017 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,300 ft² 500 650,000 30/12/2016 ✕✕✕-✕✕-✕✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,450 ft² 578 838,000 19/12/2016 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,300 ft² 558 725,000 17/12/2016 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,300 ft² 523 680,000 24/11/2016 ✕✕✕-✕-✕✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,450 ft² 517 750,000 17/10/2016 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,450 ft² 552 800,000 block b 12/12/2017 ✕✕✕-✕✕-✕✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 476 595,000 30/10/2017 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 476 595,000 17/10/2017 ✕✕✕-✕-✕✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 400 500,000 11/09/2017 ✕✕✕-✕✕-✕✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 496 620,000 06/09/2017 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 464 580,000 07/03/2017 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 496 620,000 25/01/2017 ✕✕✕-✕✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 485 606,000 16/01/2017 ✕✕✕-✕✕-✕, JALAN MAHSURI CONDOMINIUM FREEHOLD 3 1,250 ft² 456 570,000 |
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Nov 4 2018, 10:11 PM
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#6
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QUOTE(Lovekiki1208 @ Nov 2 2018, 09:08 AM) No. I'm curious. this project was started 2014 and completed in 2017. Why Mah Sing still gives some goodies to The Loft's buyers? It is the location factor, high end product at a not-so-high-end location......confirm GG.I believe The Loft still has some lots vacant, and should be quite a lot vacant. You see, even the high end Seri Tanjung Pinang , The LIGHT waterfront and Queensbay area, those properties there also slow selling. This Southbay city masterplan, mati gao gao. |
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Feb 28 2019, 09:55 AM
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#7
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QUOTE(vondeland @ Feb 27 2019, 09:08 AM) I do not know anyone bought commercial title property before. Just wondering how much difference for utility bill and cukai pintu compared to residential title. Can anyone please shed some light? I'm thinking to get a unit near to the airport, not sure if it's wise decision. let me share some info regarding this, i stay in an area having residential and commercial title condo. For commercial title condo the cukai taksiran is about 5x higher than residential title. Comparing rm300 vs rm1500-2000, per year.Quit Rent I am not sure, but for residential condo the quit rent is just <rm100 per year, so i think the different not that significant. For utility bills (water TNB phone internet), if your commercial condo developer manage to help u convert to residential rate, then that is no difference with normal residential title condo rate. BUT if your commercial title condo is AirBnB purpose build (that means developer market it as AirBnB-use when selling to you). Then you need to be extra careful as I don't think they will help u convert the utility bills to residential rate, because the assumption is you are buying it to use as AirBnB BUSINESS, so "business rate" utility applies. |
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Feb 28 2019, 08:07 PM
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#8
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810 posts Joined: Mar 2008
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QUOTE(vondeland @ Feb 28 2019, 04:23 PM) Thanks for sharing this info. And yes that project is selling for AirBnB/homestay purpose, I think it's firm that the utility bill will be based on commercial rates. Yes obviously |
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Sep 24 2019, 10:09 PM
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#9
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810 posts Joined: Mar 2008
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QUOTE(chuah_ph @ Sep 24 2019, 09:56 PM) IC..if flood then cant in n out since only single route....no wonder price reduce so much....thx besides flood, main problem is rm500+maintenance fee but the facilities is not up to par.Pay rm500 maintenance fee one will expect world class facility like The Light Waterfront. That is the problem with low dense condo, you need to pay high maintenance fee. Yet a lot people still buy into the idea of "low density"....hahaha |
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Sep 25 2019, 03:49 PM
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#10
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QUOTE(moon yuen @ Sep 25 2019, 02:41 PM) The future prospect... seri tanjung pinang? A lot foreigners. My buddy owns a unit for rent at Tamarind and alot foreign tenants looking for viewings. Everyday or two he has viewing appointments.To name it, got british, korean, japanese, italian, poland, holland, china, hong kong client viewings....and only 1 local family ask for viewing (and that wife is China nationality also). future prospect good o not, you judge it  |
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Sep 27 2019, 10:29 AM
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#11
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QUOTE(moon yuen @ Sep 26 2019, 02:13 PM) Wow... Nice.. This project got pros and cons also.Bcoz my brother bought a unit there... Since it is total 1k units there, rental competition is super stiff, a lot owners reduce rental price but still no taker. But it's owner problem because it is either they throw in lousy furniture/finishing or no design at all. Mind you the asking rental is not cheap there (over rm2k, some 3k plus)and you expect the foreigners okay with those shitty furnishing/design? My buddy is smart he decorate it very nicely and put in good furnishing (i duno how he did it with a controllable budget), the end result is got a lot viewings and finally secured a very good rental price. No need to fight lower rentals with majority of the units there.  |
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Sep 30 2019, 09:50 AM
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#12
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QUOTE(moon yuen @ Sep 27 2019, 04:20 PM) How much he let out? close to 3k according to my buddy. I think his 1 is smallest 1k sft size.My brother seems like complain not able to let out... |
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Sep 30 2019, 07:40 PM
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#13
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QUOTE(moon yuen @ Sep 30 2019, 07:04 PM) Wow, my brother wan to let 2.2-2.3k also difficult.... yes very stiff competition there....tenant's market. A lot foreign tenant viewings but they press the price low. Your bro really have to do something to make his unit special and stand out among the rest. Else cannot bargain with the tenant and the low rental can't even cover the bank interest.He also Tamarind |
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Oct 1 2019, 07:44 AM
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#14
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810 posts Joined: Mar 2008
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QUOTE(moon yuen @ Sep 30 2019, 08:22 PM) Ur friend full Furnish? Yes |
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Oct 2 2019, 08:09 AM
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#15
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810 posts Joined: Mar 2008
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QUOTE(moon yuen @ Sep 30 2019, 08:22 PM) Ur friend full Furnish? Ur brother wants to rent out 2.2-2.3k is full furnish? Or empty? |
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Oct 2 2019, 01:22 PM
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#16
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810 posts Joined: Mar 2008
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20k all-in? don't know can or not?
But generally rental yield in Penang is pretty low.. Summore nowadays capital appreciation also not moving at all......basically dead water. |
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Oct 3 2019, 09:00 AM
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#17
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810 posts Joined: Mar 2008
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QUOTE(moon yuen @ Oct 2 2019, 03:06 PM) I think got kitchen, fan and aircon only... He said already use more than 12k Kitchen aircond water heater are provided by developer. Only fan does not cost up to 12k so much, i guess he is adding furnitures (bed sofa wardrobe etc) |
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Oct 3 2019, 09:04 AM
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#18
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810 posts Joined: Mar 2008
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QUOTE(soules83 @ Oct 2 2019, 01:57 PM) don't sounds like a good deal...as you need to dump another 20k. It will take another 1.5 yrs with the 1300 rent...to cover the cost. Don't forget those asset also will depreciate in values... Well if owner not willing to furnish it, they struggle to rent out bare units even for below 2k, and there are hundreds of exactly same bare units to compete with.Of course if one plan to buy this subsale for invest, my advice is dont… |
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Oct 4 2019, 09:54 AM
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#19
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810 posts Joined: Mar 2008
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QUOTE(soules83 @ Oct 3 2019, 03:17 PM) I think KL is a better choice...Penang always having low rent...its not the first day scenario already. The reason for ppl still buy in old days is because of the appreciation price of the unit. Now things start to move backward.. yes basically dead water for penang now.However in KL the situation also not far from penang. Gone are the golden days of good rental yield, thanks to many developers keep building thousand units PER PROJECT. Now completed but un-sold units are shooting up in KL, and when this happen you will expect capital appreciation not moving up, in fact maybe dropping because of lelong case. Of coz rental yield will go down. If you spot any good KL projects, share here ya....  |
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Oct 4 2019, 12:53 PM
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#20
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810 posts Joined: Mar 2008
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QUOTE(submergedx @ Oct 4 2019, 09:59 AM) save money for STP2 STP2.......the price might cost a bomb but i doubt the capital appreciation / rental yield can go up.....doubtful investment. But of course if one is damn loaded and buy for 'trophy collection', that's different story  |
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