Is it a right time start to invest a house in penang?
Invest in Penang
Invest in Penang
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Jul 14 2008, 09:54 PM, updated 16y ago
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#1
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Junior Member
102 posts Joined: Jun 2006 |
Is it a right time start to invest a house in penang?
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Jul 14 2008, 11:10 PM
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#2
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Junior Member
273 posts Joined: Jul 2006 From: Kuala Lumpur |
Penang house prices are always higher. Again it depends on you
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Jul 14 2008, 11:49 PM
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#3
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Senior Member
4,571 posts Joined: Jan 2005 |
If u're short of cash, getting a hse now with a fixed interest rate is advisable.
If u're cash rich, u can wait till the economy slump further & grab something cheap. |
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Jul 15 2008, 12:08 AM
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#4
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Senior Member
4,526 posts Joined: Jan 2003 |
lovelyhelp,
i'm currently looking at this scenario as well... if you don't really have the money...lets say...you have RM100k but u buying RM500k house... then do calculate properly because the interest from loan is really gonna eat up a lot of ur cash as well... take a look at Eg. RM200k loan... monthly repayment bout RM1.1k? actually RM300 is used to repay the principal while you are paying RM800+ to cover the interest... so end of the day, are you able to sell the house with profit after including the interest taxed by bank? i'm adding on my opinion for scorgio's 1st statement on getting fixed interest rate... but if you're cash rich and if you can afford to wait...why not wait? |
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Aug 8 2008, 03:52 AM
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#5
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Senior Member
788 posts Joined: Dec 2005 |
im plan to do investment too,either a shoplot or a semi d to rent out. wonder worth the wait? issit the price of material going up, price of property also going up? just scare the longer i wait ,the higher the price. penang property price seems like never drop...
pls advice..thanks This post has been edited by genkis3: Aug 8 2008, 03:55 AM |
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Aug 8 2008, 12:32 PM
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#6
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Junior Member
167 posts Joined: Feb 2006 From: KL, PJ |
not familiar with Penang...but i heard the property price increase higher each year.
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Aug 8 2008, 07:56 PM
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#7
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Senior Member
4,526 posts Joined: Jan 2003 |
nowadays more ppl like to buy high end condo or apt...the price ratio between high end condo vs landed property is amazing...
eg. 1200sq ft condo (new) can cost around RM360k now and a landed property 3900sqft (old) also cost around same price... |
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Aug 8 2008, 09:49 PM
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#8
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Senior Member
788 posts Joined: Dec 2005 |
QUOTE(kevyeoh @ Aug 8 2008, 07:56 PM) nowadays more ppl like to buy high end condo or apt...the price ratio between high end condo vs landed property is amazing... 3900sqft no way can get rm360k in penang. maybe u refer to other place property.eg. 1200sq ft condo (new) can cost around RM360k now and a landed property 3900sqft (old) also cost around same price... in penang 1200sqft condo rm360k, 3900sqft landed property gonna cost u 1mil |
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Aug 8 2008, 11:08 PM
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#9
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Senior Member
4,526 posts Joined: Jan 2003 |
genkis3,
depends on location la... 3900sqft at prime area cost RM1mil...but at some other place... maybe cost around RM360k only... cause my neighbour just sold his house for RM360k and the new owner demolish the old structure and rebuild new one...in a way...it will eventually cost more than RM360k but then...u can still buy at that price...but like i said...it's old house... |
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