Webinar: Penang Property Market Trends
by Ken Lim
Interested know more about what is actually happening on the ground in Penang’s property market?
This webinar will covers the market analysis of the Penang residential housing sector and provide the insights about trends, price movement, demand and supply. It is based on the engagement in PenangPropertyTalk.com and the reports from NAPIC (National Property Information Centre).
During the webinar, you will learn about the overview of the Penang residential market trends, some of the top developments and hotspots.
Market Summary
- Overall property price stable quarter on quarter
- Value / Translation continues to be in the uptrends
- Consistent market growth in mainland
- 24,000 new condo supply in the Island by 2018.
- Gradual new housing supply for mainland
- RM600k – RM800k sweet spot in the next 3-5 years.
- Strong growth in SPT due to its good connectivity.
>> The market analysis in this webinar is purely personal view and opinion, backed by the data from NAPIC (National Property Information Centre) and more than 100,000 monthly visits in PenangPropertyTalk.com. Should you have any question or feedback, please do not hesitate to send them to ken@penangpropertytalk.com.
– Ken Lim
(Founder and Principal Reviewer, PenangPropertyTalk.com)
Positive outlook for mainland SPT.
would like to know more about Cascara 88 double storey townhouse , Teluk Kumbar . Concern about the strata title. Thanks
Hi Sharon, for question on specific project, can you send the details to my email at ken@penangpropertytalk.com? I will try to answer as much as I know.
Thanks!
Why the rising of value/transaction is consider good news?
Because it is the fact that no one want his property to depreciate, be it super condo or low cost unit. And I am also super confident that 99.999% of the property owners wish to sell their property at the price higher than they bought.
Ken, what do u think of Alma property? And Balik Pulau?
Hi Ken, the SPT you mention is more toword buy/sale activity right? what do you think of the SPT from rent activity point of view?
Chocolate, Alma is a now being developed into a self-contained township. The property price in this area is well supported by the locals from the surrounding areas (BM, Permattang Tinggi, Machang Bubok and etc.) and the commercial activities. There are also a lot buyers coming from the Island, who like gated and guarded housing scheme, with a budget of 600-800k. The drawback is the accessibility, especially for those who work 8-5 in the Island.
Balik Pulau – has some nice developments with a lot of greenery. But by looking at the housing development activities, i think it is developing at a slower pace. Mainly due to its accessibility as well. Few years down the road, I foresee the property prices in prime areas at mainland would cost more than a similar unit at balik pulau.
Then again there are also people who prefer to stay in the Island. So Balik pulau still has its own market for being located in the island.
signer, yes it is about buy/sale transaction.
To my opinion, property in the island and SPU has much better rental demand and yield.
Hi Ken, in your opinion SPU has better rental demand and yield is due to what activities there? Because at mainland side all the industry area is focus at SPT (bkt tengah, bkt minyak, juru)….
please enlighten us…thanks
Hi Ken, thanks for your well presentation.
Can you share out the slide as picture? because some of the slide inside your video is not so clear.
Thanks!
Joe, it is true that majority of the manufacturing industries is in SPT. But in terms of overall industrial activities (includes manufacturing, service, financial, administration and etc.), SPU is comparable to SPT.
Don’t get me wrong. Better rental yield doesn’t mean the yield is good. :). it’s only a relative comparison based on statistic. The rental supply in SPT is dominated by terrace houses, fetching a maximum of RM1,000/mth. Whereas for SPU, some condos are rented out at up to RM1,400/mth.
Hmmm…Perhaps I should also include rental market statistic in the future.
Leeden, thank you and i hope those information helps :). By the way, sorry that I can’t share out the slides as picture here. But if you can email me and let me know the specific picture, I can send it to you via email.