Officially BM City project is a commercial project with commercial title. But I believed the units are mainly designed for residential purpose.

If I'm not mistaken, clubhouse facilities (including swimming pool) are optional, you need to join as their club member in order to use the facilities.

Anyway, not sure if there is any change recently since they have already released a few blocks now.

This post has been edited by pptalk: Jan 9 2013, 01:31 PM

Yes, that may happen. Actually it's not about the title, more about the environment and location. There are also other services apartment which are commercial title, but all of them are residential.

In case you are not aware, there are actually people staying at The CEO bukit jambul as residential too.

Ideal's latest 2-storey terrace house at Sungai Ara is selling RM958K (almost one million), i think more than 60% sold now...

The project details:
http://www.penangpropertytalk.com/2013/01/...-one-residence/

I think there are many other factors that may affect your decision. Such as your age, work location, got children?, do you already have a house to stay?

If you yet to have your own house, i think you should focus on getting a house for your own stay, else it is getting difficult in the future. There are many type of property you can invest, but for own stay, usually we are more particular.

But then the next question, are you sure you are going to stay in balik pulau? From your comment above, I am not quite convince that you wanted to stay in balik pulau later. Sometime we just trying to convince ourself to buy a property by giving excuse that can stay there in the future, but in actual fact that will never happen.

So if you already have house for your own stay, then buying a condo at gurney area for rental return would be the better choice. Then again how easy to rent it out will depends on location, pricing, condition and etc.

Hope this help.

Since you already have a house to stay, then i think condo is a better option. If there is an option, try to buy the show unit or the unit with fully furnish. Then you don't have to spend any money before renting it out and yet most of the furnishing cost will goes into your loan.

Landed is always the preferred choice, but if it is in balik pulau, flipping to make good profit my not easy.

5% rental return based on original purchase price or current market value? It's different actually

This post has been edited by pptalk: Jan 15 2013, 11:08 AM

Why not tell us which project is this?

You may find out more from here:

http://www.penangpropertytalk.com/2013/01/setia-sky-8/

Vacant in that area should be around RM200-300psf.. Built-up area should be around RM500-700 psf.

But all these is really subjective. Also depends on which piece of land.

If this is only the SPA, RM11,500 legal fees for a RM650K unit is a bit high. That's excluding stamping fees. I wonder what is the "Other Fees"?

For commission, yes, some agents do it slightly different in Penang. But it is still subjective. You can always negotiate.

Yes, the stamping fee is correct. But if the strata title is yet to be issued, then there is no title transfer. Which means no transfer stamping fees.

If you have other properties, you can refinance your other property for another 100K, and then use that money to pay for the initial cost of this new property. Then it is same as 100% loan

You can find the details about Orchard Ville here.

We cover most property launches in Penang (including upcoming and pre-launches) if not all of them .

PenangPropertyTalk.com

This post has been edited by pptalk: Feb 18 2013, 11:38 AM

Not my cup of tea