Penang property choices – RM400,000 – RM500,000?

A close friend asked me what properties can she buy because she would really want to buy a property for herself. I replied, ‘Regency Heights’. She said aiyo, why you have only one proposal? I am looking for something from RM400,000 – RM500,000 and I want it to be in Penang and I hope the size can be above 1,000sf. My mind was blank. I said, ok, let me do some homework so that both of us know what are the types of properties available if you are looking at the RM400,000 – RM500,000 bracket. A brief search in revealed following:

Island: Sunny Ville Condo (the one near USM), Midlands Condo in Burmah Road, Desa Bukit Jambul, Halaman Sentosa (Gelugor), Lakeside Towers, Villa Emas, E-Park.

Well, I found quite a few. The next thing that we need to do now is to view the properties, do some online search for them so that we know more about them. Whether the management of the place is able to do a good job. Are the condos clean? Would there be huge parking problems if there is just one car park. Are there a lot of units rented out to students / foreign workers. Are there a lot of empty units? If majority of answers to all these questions are positive, my advice is just buy and stay.

Buying a good property is actually easy if only we do our homework so that the risks are minimised. In terms of 1,000 sf condo which is well maintained, RM400,000 is definitely a very attractive price because these sizes are perfect for upgraders from smaller apartments as well as families of 4. The only downside for these older condos would be the parking slots because newer condos of 1,000 sf typically comes with 2 car parks. That would be one point against you when you want to sell in the future. Car ownership will only increase, never decrease.

Advertisements is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

From 12 rooms to over 200 rooms. Penang Hill gets exciting.

I am pro-development. Sorry to all those who are not pro-development. Let’s agree to disagree for this one. However, I am against over-development yeah. I am also against development without a good business plan which ultimately will kill the project and cause even more issues. Today, we talk about Penang Hill. There will be two new […]

Read More

The Clovers, Penang – An Overview

[Sponsored] The Clovers, Penang – An Overview The Clovers is a freehold luxury residential development by Asia Green Development in 2013 and completed in 2017. The project’s logo was inspired by the four-leaf clover, whereby each petals represent the element of fortune, hope, love and faith; signifying prosperity, good luck and blessings to bestowed upon […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 899 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: