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 Penang Property Talk, Property talk on Penang

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surf-it
post Aug 10 2010, 02:03 PM

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From: Malaysia
one stupid question. If the price in penang is so darn "beautiful". will some of you consider buying in mainland instead? Although working in penang...

Why Yes, and why No?
surf-it
post Jan 12 2011, 11:02 PM

Landlord
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Joined: May 2005
From: Malaysia
QUOTE(xecton @ Jan 12 2011, 04:31 PM)
But isn't the current price of landed properties unrealistically high?
I'm afraid of commiting to one only to have the value drop while I continue to service the high loan.
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unrealistic oso got ppl buy wor...still transacted every minute..
surf-it
post Feb 21 2011, 09:33 AM

Landlord
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Joined: May 2005
From: Malaysia
QUOTE(xecton @ Feb 21 2011, 09:25 AM)
Anyone knows what to look for when refurbishing an old house? Leaking roof? What else?
Also, any idea on how much it generally cost for refurbishing?

To cyongyong, thanks for the lookout so far smile.gif
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leaking roof
reinforce concrete if needed
redo electric wiring and plumbing if more than 10 years already for your own safety
white ant? termite

basically those are hte basic one. Not that expensive, I would say if no reno is needed, only <10k is needed for all the above.


Added on February 21, 2011, 9:35 am
QUOTE(scorgio @ Feb 2 2011, 02:16 AM)
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.
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This explain why some of the double storey house is renovated like *$&*#$

I have a friend, his dad bought a DST at 600k, but spent > 1 Mil on renovation.

That's to avoid somebody knocking on the door......and the reason we all know...haha

This post has been edited by surf-it: Feb 21 2011, 09:35 AM
surf-it
post Nov 5 2021, 10:05 PM

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From: Malaysia
any upcoming project near georgetown?

 

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