For investment in PG, get something LANDED.

Good condos in PG are at least half a million & above.

Large built-up + good location + good management/planning = good demand.

That sums up the whole property market in Penang.

The expensive ones (landed RM 1-3mil, condo RM500k & above) are selling like hot cakes.

Middle range - Sales so so only.

Lower range - Hardly see any developer doing.

Not exactly.
Yes, it jams, but it's still flowing.
Cos when the light turns green, all of them are green ranging fr 90 sec to 120 sec.
But there're 2 bottlenecks, 1 at Turf Club junction, 1 in front of McD Greenlane.
Speaking fr experience, among Gelugor, Greenlane & Tanjung Bungah. Greenlane's position is most strategic.
Some of you might not be aware, from Greenlane Caltex to Komtar via Dato Kramat, the distance is just 4.5km.

If you can find land in Balik Pulau, even if it's a hill or slope, BUY IT!!

Don't ask.
But that's specifically what I would do if I can find land there still reasonably priced.

Do you think Penang Island will grow bigger?

If it's that simple.

Why didn't Hong Kong & Japan do it?

For RM718k, I'd rather buy a terrace hse or semi-D around Green Lane area.

I got a relative who bet RM2mil on it.

He bought an oil palm estate near Batu Kawan. Hoping to reap benefit from the 2nd bridge.

The Ex-CM bet almost 70% of his assets. He bought most of the available land at Batu Kawan.

And that's why he insisted that the bridge must be build at the South. Eventhough it meant significantly higher construction cost.

I'd advise you to look for those which already launched with unsold units.

The developers are 'frying' the market. Whatever new launch now, the price is surely 10-20% higher compared to the previous launch/phase.

If it's a high demand area, 15-20%.

U call that terrible?
The row of pre-war shophouses opposite Dato Keramat Balai is only fetching RM400-600/mth! Consider town centre d.
Haha....

Anyway, it's also due to Penang ppl are generally more calculative. If they're gonna spend RM1k+ on rental, they might as well buy one on their own.
Usually only expats would pay high rental cos they're only here for short term.

Last time, my relative's unit at Sunny Ville, bought RM170k when launched, was rented out for RM1.2k a month up until 2005. Then after the Korean tenant left, was vacant for almost 2 yrs.

Yeah, I also knew quite a few businessmen who flea their b'glos, semi-d & switch to condos.

To avoid creditors from knocking on their doors directly.

definitely mainland.

if island, the developer must be stupid.

island, almost all new 2 1/2 or 3 storey link over RM1mil d.