Penang Property Talk, Property talk on Penang
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 May 10 2010, 09:12 PM
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#1
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Senior Member
667 posts Joined: Oct 2009 
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I dont really like to go to those property fairs, esp those in Penang. Most of them are 'rejected' properties... By the way, does anyone have any idea how much increase in term of % Penang landed properties have increased over the last one year?
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May 11 2010, 10:27 AM
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#2
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667 posts Joined: Oct 2009
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QUOTE(scorgio @ May 10 2010, 11:00 PM) If it's a high demand area, 15-20%. That's very high. I wonder how the working class is going to ever afford to buy landed property in Penang.. They can 'chase' for years and still not afford it coz % salary increment can never match appreciation in landed property price. |
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May 11 2010, 11:40 AM
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#3
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667 posts Joined: Oct 2009
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QUOTE(shadow111 @ May 11 2010, 11:36 AM) you r rite.. thts y many ppl are buyin property in mainland rather than island. Mainland, and working in the island? Is it cost effective? Staying in mainland and working in Kulim is very convenient. Anyone actually calculate cost effectivenss of staying in mainland and working in the island? |
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May 13 2010, 11:36 PM
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#4
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667 posts Joined: Oct 2009
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QUOTE(harrychoo @ May 13 2010, 07:09 PM) Let assume the same size of house u can get in mainland is 300k and 600k in island. Err.. i think u forgot to factor in capital return from the said property. At the end of the day, u may get a lot more from the island property by selling it when u retire. Any idea what's the appreciation rate in term of % comparing the 2 properties?That's 300k difference. Travel from mainland to island to work = RM10 petrol + RM7 tol Travel within island to work = RM4 That's RM13 difference per day. Assume u work everyday or travel to island everyday = RM13 x 30 = RM390 per month, let's make it RM400 = RM4800 per year. Calculate for 30yrs = around RM150k RM150k vs RM300k !! ( i not even calculate the loan interest from the 300k yet) Of course u need more time to travel, but u can opt to work in mainland or Kulim. |
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May 14 2010, 10:46 AM
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#5
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667 posts Joined: Oct 2009
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QUOTE(Zack Styler @ May 14 2010, 10:31 AM) That is only paper gain, money that you can't even see it or touch it.. Can always sell a higher value landed property and move to an apartment after all the kids have gone study or work. Anyway, paper gain can always be realised if property is sold.So where you gonna stay by selling the house after you retire? Stay with the kids? Added on May 14, 2010, 10:51 am QUOTE(harrychoo @ May 14 2010, 01:13 AM) There is no guarantee that the return in island is higher than mainland in 30yrs. Currently yes. Penang island is very short of land, so in view of short supply and hot demand, i would think island property would go higher in 30 years. That's my personal opinion.I'm more worried the properties in island will collapse (physically) than it will appreciate  Looking on those condos nearby QBM area and the new "The Light" is really scary  I agree with u I wont buy The Light to stay. High rise built on land refill is kind of unstable. This post has been edited by newbie99: May 14 2010, 10:51 AM |
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May 14 2010, 10:59 AM
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#6
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667 posts Joined: Oct 2009
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QUOTE(Zack Styler @ May 14 2010, 10:52 AM) After 20/30 years, the price you pay for an apartment is way more that what you paid for a landed house.. I dont get what u meant. The price of an apartment 30 years later will be higher than the price i paid for the house NOW (that's called inflation).So? After staying in the house for 30 years, then sell it and move to an aparment, dont u think i will have some cash left over? the price for an apartment, now or 30 years later, will be cheaper than a house! |
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Jan 29 2013, 10:36 AM
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#7
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667 posts Joined: Oct 2009
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Hi,
Any idea how much per square foot an empty land in Tanjung Bungah cost? And what's the rate, in term of RM psf of build-up area Banks use to calculate a newly built bungalow house? |
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Jan 29 2013, 03:00 PM
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#8
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667 posts Joined: Oct 2009
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QUOTE(pptalk @ Jan 29 2013, 02:31 PM) Vacant in that area should be around RM200-300psf.. Built-up area should be around RM500-700 psf. Thanks.But all these is really subjective. Also depends on which piece of land. |
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Mar 8 2013, 11:19 PM
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#9
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667 posts Joined: Oct 2009
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Hi guys, how much can this property in Tanjung Bungah fetch?
Land 4100 sf with a 2 storey semi detached of 300sf build up. This post has been edited by newbie99: Sep 25 2013, 11:27 PM |
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