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Penang Property Talk, Property talk on Penang
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chuinwern21
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Mar 10 2016, 11:41 PM
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New Member
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Property prices have been steadily declining in Penang since mid of last year. I'm talking about high-rises, not landed.
If you're still thinking about investment in a condo or apartment in Penang, better wash your hands clean first!
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chuinwern21
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Mar 11 2016, 10:43 AM
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New Member
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QUOTE(shioks @ Mar 11 2016, 09:32 AM) I have viewed quite a number of projects from Tanjong Tokong to Batu Ferringhi. Seems like most buyers are Penangite. May I know which project you have viewed? Granito? Tri pinnacle? Tamarind or Alila 2? Word of caution, don't ever believe the coloured stickers developers put on the sales gallery, telling you units have been booked, sold out to locals, etc etc. Common tactics to pressure potential buyers.
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chuinwern21
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Mar 11 2016, 01:15 PM
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New Member
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QUOTE(shioks @ Mar 11 2016, 10:54 AM) Tamarind, Alila 2, Marin, Mira and etc.. Mira was snatched by locals, I agree on that, because it as launched a few years back. Back when Penang were having its property boom, everybody's jumping on the bandwagon and became a property investor overnight. I'm sure the same horde investors back then must be regretting now. OVER SUPPLY of condos in penang and not that much buyers!
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