Hey! Come on! Not all “Penang Lang” are kiamsiap right? Is something we need to understand further before we jump into the conclusion? Let’s dive deeper…
Don’t judge a book by it cover.
One of my friends who chat with me that his condominium wanted to sell after the outbreak finish. Either to sell or to stay.
I get into details by asking how he get his selling price. So he gave me the answer is “450k is kosong”
“Oh, really? Now not good timing to sell wor” I replied.
This is how I usually getting information into deeper stage by further understanding by questioning back.
I believe himself is “Penang Lang” too.
Are you “Penang Lang” too when reading this? Feel free to leave your comment with us. We love to hear from you 😉 too.
So tell us something you like to be “Penang People” which is what make you proud as “Penang Lang”
To me personally is the convenient of distance within Penang Island, I am staying in Pantai Acheh, Balik Pulau.
And majority of my friends “Penang Lang” heard about my place, it’s like “wow, it’s too far…”
Are you kiamsiap > ? I am kiamsiap when come into something different with what I expected.
Now is not good time to sell.
By getting deeper on why this is not a good time to sell, so I checking with him is there any ideas with the rental?
What I can see here, he got his ideas how much rental is considered good, just knowing and taking action is seriously the different.
For the price he bought and what is the monthly instalment? It’s approximately RM 1,267 per month with 35 years tenure of loan @ 4.25%.
What do you think if he rented out for RM 1,200 which is tolerated by the current Bad Market?
If I am him, I will rent it out for the first priority, since he got a place which could stay with his family. Maybe tough especially with family?
By doing it right, his property could bring him additional RM 1,200 monthly income where our job increments might take YEARS to accumulate this amount of money.
How to rent out quick? See tricks to rent our property quickly in 1 month
Facts and data is all around
1. NAPIC – National Property Information Centre
2. Transaction Finder, Get Property Data & Actual Transaction Price
3. Mr. Google had everything 😆
4. See Cheston Choo it’s free too 🤗
Show me and I buy you dinner
Want me buy you a dinner? Just challenge me something and then I ask for facts, you will get a free meal from me 😂😂
I am Penang Lang, so I treat you Penang ho chiak, it can be anywhere in Penang like “Balik Pulau” ? Haha 🤣
Rental market is really huge
This is no facts can show, but something make sense. What do you think on who can be your tenant?
A Malaysian who get his job in Penang from other States? Yes, this is a very huge market.
How many of your colleagues working in your company is from “Outstation”
Then you might getting clearer picture right now for the demands vs supply.
Then do you know the largest industrial zone for Northern Malaysia?
It’s not in Penang island. See the picture compare, and you tell me.
This can be captured using Google Earth, a great tools to survey the land area and nearby amenities.
Above I just capturing the congested area. What in your mind after this comparison?
Penang Island more choices or Mainland more choices?
After understanding more on the industrial zone and slightly knowing who can be our tenants, then how about supply?
More supply equals to higher price or lower price when more competitors is in the same place?
Happy understanding & investing.