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TSlovelyhelp
post Jul 14 2008, 09:54 PM, updated 16y ago

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Is it a right time start to invest a house in penang?
crashbandicoot
post Jul 14 2008, 11:10 PM

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Penang house prices are always higher. Again it depends on you smile.gif
scorgio
post Jul 14 2008, 11:49 PM

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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.
kevyeoh
post Jul 15 2008, 12:08 AM

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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? wink.gif
genkis3
post Aug 8 2008, 03:52 AM

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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
dragony
post Aug 8 2008, 12:32 PM

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not familiar with Penang...but i heard the property price increase higher each year.
kevyeoh
post Aug 8 2008, 07:56 PM

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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...
genkis3
post Aug 8 2008, 09:49 PM

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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...

eg. 1200sq ft condo (new) can cost around RM360k now and a landed property 3900sqft (old) also cost around same price...
*
3900sqft no way can get rm360k in penang. maybe u refer to other place property.

in penang 1200sqft condo rm360k, 3900sqft landed property gonna cost u 1mil
kevyeoh
post Aug 8 2008, 11:08 PM

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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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