Property price for landed is still affordable in Balik Pulau ( see Botanica CT ).
You can see that they still have 2 storey houses, not the typical 3 storey ones that are everywhere on the island.
They have some really jaw-dropping awesome villas designed by world renowned architect Veritas. If I have unlimited $$, that's what I would like to live in.
But I wouldn't like to travel 10 km to Bayan Baru town daily to work in the FTZ.
Cost effectiveness of staying in on mainland - estimate
Petrol for 40+km (back and forth the bridge) RM 8 (Estimate full tank RM80 for 400km)
Toll RM 7
5 times a week = RM 15X 5 = RM75/week = RM 300/month
( incalculable costs : car mileage accumulates much faster (additional 30 km * 20 days = 600km per month, hence required more service/maintenance in workshop )
Ask yourself if the monthly loan repayment for house price in Penang island is less or more than RM300 compared to mainland.
If it is less, then stay in island. If it is more, much more, then stay on mainland
This post has been edited by dingdangdong: May 11 2010, 05:19 PM