Penang Property Talk, Property talk on Penang
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 Feb 21 2011, 10:50 PM
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#1
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Senior Member
1,716 posts Joined: May 2006 From: JDT  
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I am thinking of getting an apartment or condo for investment purposes in penang island.
After few months of searching and I found that penang condo price are not in the range that I can afford, unless I go for those low cost apartment or low cost flat like BJ Court or some condo in Relau area. I am just graduated last year and been working for 6 months. How all the sifu here can advise? Thanks.  |
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Feb 22 2011, 04:35 PM
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#2
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Senior Member
1,716 posts Joined: May 2006 From: JDT
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QUOTE(xecton @ Feb 22 2011, 12:27 PM) Rental yield for landed property has always been bad in Penang. Only slightly higher than apartment/condo. Thinking of shift to KL then for property Rental yield for apartment/condo used to be okay, but not anymore. The price of highrise has increased too much for the rent to cover, much less make a return out of it. Added on February 22, 2011, 12:33 pm The places you chose are close to the factories, and are pretty high in demand. I would say a landed property there right now is from 700K to 800K. For small apartments, I think the price is around 200K to 300K. Newer apartments > 1000sqf, should be above 350K. Good time to invest? I don't know.   Last time wanted to grab D'Piazza at around RM280k but didn't made it. Now mostly RM320k to RM330k. =.= |
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