prepare about one-third (God forbid.. half!) of the purchase cost on fixing local, micro issues. most likely you'll be tied to a bank loan.. consider the double-up effect.. 600k becomes 1.2mil at the end of your loan tenure (this excludes all the risks/cost stated earlier).

and this is just for you to break even..

now.. another dude willingly take up this semi-d from you for 1.2mil and with a loan to boot.. put in the double-up effect again.. and that'll be 2.4mil..

my question is.. how many dude(s) will it takes before the entire charade thinks it's out of whack and re-price the entire semi-d back to.. say, 300k?

hi,
i guess you guys aren't familiar with maintenance fee charged by higher end condos..

rm0.20/sqf is considered very cheap.. if compared to kuala lumpur. that's considered the lower end of the monthly fee spectrum.. and can go up beyond rm0.60/sqf for some.

there're also other components that may incorporate into the monthly fee(not just maintenance per se).. some have sinking fund, amortized within.. thus adding up the so called monthly "maintenance fee"

for bayswater.. it looks like a reasonable range of rm0.30 - 0.50/sqf.

the other thing that you guys brought up about security.. living in a condo does not guarantee you total safety. there have been many incident of 'insider job' at alot of apartment/condo (of varying price range)

unless you have cctv on every public area/hallway at every floor.. you may never know that the thief is your very neighbor.  there was a common suspect that it's done by syndicates.. moving from one condo to the other.. so the break-ins comes and go in 'cycles'.. appear and disappear.

interrupt.. prices of all asset(property included) don't always go up y.o.y. this is the greatest fallacy that i come across for people who're new to investment.

Hi lwb, what's your opinion on the 20-30 years old 2 stories semi-d at Green Lane that are now selling above 600k? The one I visited before is facing T junction some more, with timber flooring for both floors (it's not of decorative timber, the 1st floor do not have cement or concrete). In Penang island, the price not only come from the building structure. It actually came from the land. You see, Penang island is too small, every outskirt area will eventually turn into township due to limited land for development. So I think you may not be able to apply what you understand from mainland in Penang.

May i know where can i get semi-D in penang island below RM500k?