Property prices have been steadily declining in Penang since mid of last year. I'm talking about high-rises, not landed.

If you're still thinking about investment in a condo or apartment in Penang, better wash your hands clean first!

That's why not affordable lo. Those launches not targeting the locals. They targeting foreigners to buy perhaps.

May I know which project you have viewed? Granito? Tri pinnacle? Tamarind or Alila 2?

Word of caution, don't ever believe the coloured stickers developers put on the sales gallery, telling you units have been booked, sold out to locals, etc etc.
Common tactics to pressure potential buyers.

the marin looks nice..any good rebates?

Mira was snatched by locals, I agree on that, because it as launched a few years back. Back when Penang were having its property boom, everybody's jumping on the bandwagon and became a property investor overnight.

I'm sure the same horde investors back then must be regretting now. OVER SUPPLY of condos in penang and not that much buyers!

slowly going to be the worst property project i've seen in a long long time...have you been to the actual location itself? do you know that just across the main road of this place, the other side of the road, you have an abandoned project and with lots of low cost flats and partially abandoned flats as well?

so what the developer is saying is....if you have one main road....one side of the road consist of all the low cost flats and abandoned project building and then you walk across the road and suddenly the location and area become like a 900psf place?

I have nothing against the developer, but I really cannot believe still got people who will buy this project...you better pray no landslide also... and also if you want to use the relau hill road, hopefully no vehicle breakdown also la...

you might as well go and buy some other condos nearby at farlim area, afterall, this place is near no where....far from everything...

Hi, I am looking to buy a landed house in Penang Island for capital appreciation and also possible stay when I retire. This will need to be be in a peaceful area, but with good access to shops and medical facilities. Since I may not stay for few more years, good rental returns, at least to cover basic costs and loan interest, is also a requirement.

Property can be under construction or completed.

Any suggestions? Thanks.

don't stay so near the sea la 

Over priced. Depending on what type If u down 40% then can cover installment. No point as an investmemt. Own stay also over priced.