Should I buy now? If the property bubble crashes I may be able to buy cheaper 2nd hand. This is an argument I had 8 months ago for Alila 2. If you buy now at RM 1,100/sqft but you can only move in in mid 2018... by that time the market may have crashed and you possibly could get it for 800/sqft. That way you win double... interest for 2 years on RM1.5m plus a cheaper condo.. so for investment you can't really lose
This online forum is dedicated to honest and sincere posting on properties in Malaysia. You can read through the links without registering with us. Posting a comment requires registration and you need to provide an email address to register. If you are not sure on how to go about, you may want to have a look at Help & FAQs.
December 13, 2016 11:05 PM
#0
mr_wolf919
- Posts: 3
December 13, 2016 11:09 PM
#1
- CTG
- Posts: 9
Bubbles... bubbles everywhere in the world. The price per sqft for many apartments/condos in Penang is close to what people pay in the city center of KL. It is around RM1000 for many properties in Penang. Go to KLCC and you will also get that kind of pricing. The rental return is really very bad in Penang. No poing buying a property at RM1000 and renting out at RM3 per sqft
December 13, 2016 11:12 PM
#2
- LimToi
- Posts: 16
if it is a house or apartment that they wish to stay, then let them buy. Rental is a different story in Penang and in fact practically local residents do not rent, they buy to stay (the not so expensive ones). It is only the foreginers who rent. So, if you buy at a place where no foreigners rent, then tough luck
December 20, 2016 09:10 PM
#3
- CTG
- Posts: 9
Already overbuilding in Tg. Bungah and still some more coming up. How are they going to settle the traffic and congestions???
|
Short term rent - tenancy agreement?
Started by ander383Forum Renting Property |
Replies: 0 Views: 157701 |
December 13, 2016, 03:55:52 PM by ander383 |
|
Which are the best places to stay?
Started by mr_wolf919Forum Malaysia My Second Home (MM2H) |
Replies: 7 Views: 153614 |
January 05, 2017, 03:48:21 PM by kiat137 |
|
Buying land in Langkawi
Started by rudi99Forum Buying Land |
Replies: 5 Views: 341398 |
December 27, 2016, 11:13:07 AM by rudi99 |
|
Each state has different minimum purchase price?
Started by janis03Forum Property Issues Related to Foreigners |
Replies: 1 Views: 108807 |
January 06, 2017, 03:24:58 PM by bluemoon |
|
Any difference buying properties in different states especially Sabah and Sara
Started by Alex LohForum Buying Property |
Replies: 0 Views: 192044 |
December 13, 2016, 10:45:53 AM by Alex Loh |
