Affordability Availability: Penang Properties (Island).

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Recently, just did some latest review of some of the latest available properties in Penang which are below RM300,000 and considered affordable. The list is non exhaustive but now sharing some of them here. Many people think affordable must always be primary properties. While primary property’s main advantage is due to newer design, cleaner environment and the good feeling of buying a new property, do note that if you really need a roof over your head, why not consider secondary property as well? Nevertheless, let’s be realistic, there are some areas in Penang island today where these so called affordable properties are not available.

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There, these are just some of the available ones and there are many more of such units. Typically a 700sf apartment comes with a minimum of 2 rooms or 3 rooms and it’s suitable for a family of up to 5. Anything more than 5, perhaps a bigger one, say 1000sf would be better. Nevertheless, start somewhere. Never buy too high, you may face difficulty during tough economic times. Control you wants, manage your needs. You will be just fine, no matter what may happen. One reader of predicted that economic crisis will come very soon and he is keeping cash. I am very sure he has his rationale for saying so. My opinion differs even if I am not predicting that prices will rise like few years before this.

written on 28 June 2014.

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