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Penang properties most expensive in Malaysia

Penang properties most expensive in Malaysia

Old Dec 7th 2010, 3:09 am
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Default Penang properties most expensive in Malaysia

Property prices on Penang island are the most expensive in Malaysia. I think we knew that, didn't we? Good for those of us who already own properties, but for those looking to buy..... hmmmmm

Socio-Economic and Environmental Research Institute (SERI) senior fellow Dr Michael Lim Mah Hui said the average house price last year (2009) was RM540,000 or eight times the average household income.

In comparison, the average house price in Kuala Lumpur was only RM390,000, or six times the average household income.

Lim said the average house price on the island has increased further this year.

http://www.apartment-penang.com/sear...s%20Dec%202010
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Old Dec 7th 2010, 11:17 am
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
Property prices on Penang island are the most expensive in Malaysia. I think we knew that, didn't we? Good for those of us who already own properties, but for those looking to buy..... hmmmmm

Socio-Economic and Environmental Research Institute (SERI) senior fellow Dr Michael Lim Mah Hui said the average house price last year (2009) was RM540,000 or eight times the average household income.

http://www.apartment-penang.com/sear...s%20Dec%202010
Looks like the redbean will be renting. Don't mind stopping over in KL but I prefer Penang.
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Old Dec 18th 2010, 3:21 am
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Default Re: Penang properties most expensive in Malaysia

I was just browsing through apartment-penang website (I get email feeds from them) and saw this place for RM 85,000 http://classified.apartment-penang.c...erty/3024.html so it seems there are cheaper units about if you look around.

Of course us foreigners wouldn't be allowed to buy something at that price, and it looks a bit of a shoebox heh heh - and would you really want to live in Gelugor? Maybe not.
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Old Dec 18th 2010, 7:05 am
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
I was just browsing through apartment-penang website (I get email feeds from them) and saw this place for RM 85,000 http://classified.apartment-penang.com/property/3024.html[/B] so it seems there are cheaper units about if you look around.

Of course us foreigners wouldn't be allowed to buy something at that price, and it looks a bit of a shoebox heh heh - and would you really want to live in Gelugor? Maybe not.
Are you shewer that price isn't for the furniture because that's all they show in the photos.
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Old Dec 18th 2010, 7:16 am
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Default Re: Penang properties most expensive in Malaysia

Ha! Maybe the furniture is the best bit.
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Old Dec 18th 2010, 4:58 pm
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
Property prices on Penang island are the most expensive in Malaysia. I think we knew that, didn't we? Good for those of us who already own properties, but for those looking to buy..... hmmmmm
I didn't. I like Penang best but thought KL had the highest rates. It is nice for those of you that own places already :-)
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Old Dec 19th 2010, 8:21 am
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
I was just browsing through apartment-penang website (I get email feeds from them) and saw this place for RM 85,000 http://classified.apartment-penang.c...erty/3024.html so it seems there are cheaper units about if you look around.
Don't mind if it is a two bedder but must have water views. I think I am asking too much but of course I am prepared to pay a bit more.
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Old Dec 20th 2010, 1:18 am
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Default Re: Penang properties most expensive in Malaysia

Any water views?? There seems to be a lot of building going on in the south of Penang that looks interesting and not as expensive as the north end. Of course the second bridge is being built down there and coming along fine.

There's got to be some affordable smaller units around Bt Ferringhi or Pulau Tikus with sea views, some of the older condos?
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Old Dec 20th 2010, 12:17 pm
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
Any water views??
Sea view would be nice. Don't care if the condos are older or smaller as I am still into minimalist living, as long as they are well prices............whatever that means!
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Old Dec 25th 2010, 5:27 am
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Default Re: Penang properties most expensive in Malaysia

Had a look at Kuching and surprised to find prices in the KL/Penang range. I note Penang will allow 2 units at min RM150k, which made me think of some lovely old shop houses. Make downstairs into garages and open 2 adjoining upstairs to make a nice apartment.

Don't know Penang well, but seem to remember some shop-houses on west, or was is south side close to water
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Old Dec 25th 2010, 7:58 am
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Default Re: Penang properties most expensive in Malaysia

There's quite a lot of shophouses around Georgetown and up the Pulau Tikus end, but nightmare traffic in Georgetown

Apparently they are building some new shophouses up Jalan Fettes, across the road from Prima Tanjung (if you know where that is) and also adjacent to Island Plaza - all in Tanjung Tokong.
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Old Dec 25th 2010, 9:40 pm
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
There's quite a lot of shophouses around Georgetown and up the Pulau Tikus end, but nightmare traffic in Georgetown
If you live in GT, you can walk, thereby minimising your carbon footprints. I know that Penangnites have a horror about using their feet to get to places, possibly because of heat, humidity and the constant injection of carbon monoxide factors but I prefer to walk then being stuck in the traffic jam.

Wouldn't mind if I can afford to buy a shopfront close to the E&O or the Convent school.
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Old Dec 26th 2010, 4:29 am
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by redbean View Post
thereby minimising your carbon footprints.
Now... what about all these people that take several flights a year? What's their carbon footprint like?

Yeh... I know... off topic, heh heh.
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Old Dec 31st 2010, 1:49 am
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Default Re: Penang properties most expensive in Malaysia

Originally Posted by bakedbean View Post
Now... what about all these people that take several flights a year?
To keep the economy going and to support Malaysian tourism!
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Old Dec 31st 2010, 7:04 am
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Default Re: Penang properties most expensive in Malaysia

ah okay, good on ya redbean
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