Guys,

I am torn between two properties
1) Straits Residence
2) Incoming Marriott Residence

Both have it + and - but for straits residence, I really like the finished product and workmanship as I am able to see the actual unit since it is a completed projects. It really looks luxury and even the lobby and hallway looks good and the old colonial design is a +, blend in really well with straits quay. The furniture and fitting given by KP really good compare to a lot other developers, basically move in condition without the need to do anything at all. I don't mind to take it for my own stay as well or can easily rent it out also as I think there will be expats interested in this especially with the new international school coming up next door. The only drawback is that the facility kinda lacking behind most luxury condos, heck even some mid-tier facility is better than this.

For Marriott residence, its location is good as it is just in front of gurney wharf and bearing the name of Marriott which itself speak a lot about the exclusiveness and luxuries it brings along. For the quality and finishing, I have no idea yet as I can't judge as it will only complete next year but I do believe BSG should be fine and Marriott will make sure BSG able to deliver as this project carries their brand name. Again, this will be for pure investment as the sqft is abit small for my own stay.

Both gross rental yield should be about 4% to 4.5%
What do you guys think?

Ya, I know rental yield is not something that Penangites looking forward, is more on the property's future value. But no harm if it have an Ok Yield and in this case, both properties got an OK Yield or you can said average at 4%, reason I know it can get 4% yield is that the straits residence unit is that my friend already renting out that unit with that yield and for Marriott, based on the yield along Gurney drive. But then again, I am ok even if there are no rental or below rental yield for a long period, I am looking forward for the future for both property value ( Marriott with Gurney Wharf and last development in Gurney Drive and Straits Residence with the Andaman coming up and International school next door) . Both property already confirm Airbnb is out of question.

but in general, I am more interested to buy it either for own stay or investment ( if for own stay, most probably straits residence are more suitable).