Penang Property - Can buy or Bye Bye? From a Singapore Buyer Perspective

  Рет қаралды 5,598

Alan Wee Property

Alan Wee Property

4 ай бұрын

Penang Property - Can buy or Bye Bye? From a Singapore Buyer Perspective
Penang is an island on the western side of Peninsuala Malaysia. I will be exploring the property market in detail supported by market data.
I will also cover 2 resale condos and analysis their performance to date. I will also share my parting thoughts before committing to a property for fellow Singaporean.
Alan Wee
CEA Reg No. R024730A
wa.me/+6592973150
www.AlanWeeProperty.com (Resale)
www.AlanWee.com (New Homes)
/ @alanweeproperty
FB: AlanWeeProperty
I am a licensed housing agent with ERA Realty Network Pte Ltd.
Credits:
National Property Information Centre: napic2.jpph.gov.my/ms
Photos Credits: Google Map
References:
myhometownpenangwelcomesyou.c...
www.propertyguru.com.my/prope...
www.propertyguru.com.my/condo...
www.propertyguru.com.my/condo...
www.jpph.gov.my
www.police.gov.sg/

Пікірлер: 27
@boonsuanteck4684
@boonsuanteck4684 4 ай бұрын
you are clear, concise and funny.
@alanweeproperty
@alanweeproperty 4 ай бұрын
Hahahah...come after practice n practice.
@MichaelLim0907
@MichaelLim0907 4 ай бұрын
As for Batu Lanchang property example you used and asked why so many people trying to sell. The answer is this property is very popular amongst foreigners especially Japanese because it is close to the wet market and town. These foreigners are selling because these owners are likely on MM2H scheme and they are affected by the recent changes in the regulations governing this scheme especially with the amount of deposits they have to place in Ringgit in the bank. The deposit has been raised to RM500,000 , RM1,000,000 or RM$2,000,000. Before the change it was RM150,000 . Even at RM150,000 deposit MM2H participants would have lost RM$50,000 or more depending on when they joined the scheme because the currency has depreciated. So to retire in Malaysia is not as simple as you described . You need to do alot of homework and there is a high risk because the uncertainty of future changes to the immigrartion scheme which may drastically affect your financial plans
@alanweeproperty
@alanweeproperty 4 ай бұрын
wow. thank u so much. that is indeed useful.
@stevenyip2631
@stevenyip2631 4 ай бұрын
I bought property in JB 39 years ago at 1SGD=1.1RM. I sold it 5 years ago at 400% of my purchase price and exchange rate was 1SGD=3RM. My loan rate was 10% for a 15-year loan. FYI, a 4-rm hdb was only 40+K...! Today it's 400K...! Big mistake for me.
@alanweeproperty
@alanweeproperty 4 ай бұрын
Wow. Thanks for sharing!
@MichaelLim0907
@MichaelLim0907 4 ай бұрын
You have missed out on a critical factor the depreciation of ringgit . If you translate the value bought 10 years ago and the value of the same property sold today you can see that in your foreign currency like S$ the appreciation is not 16%. This must be taken into account when analysing overseas properties because Singaporeans will be changing their S$ into Ringgit to fund the purchase
@alanweeproperty
@alanweeproperty 4 ай бұрын
yes. there is FX risks involved ovsersee property.
@stevenyip2631
@stevenyip2631 4 ай бұрын
Singaporean buy properties in Malaysia for what? How long you want to stay in Malaysia? To get PR (permanent residency) ? Citizenship? In time, ypu still have to come back to Singapore. So, just rent lah.
@yangerek78
@yangerek78 4 ай бұрын
U rent also is just like u buy an hdb flat where u pay more for a long term 99 years or in some case 65 years rent as well
@asiabrokersclub
@asiabrokersclub 3 ай бұрын
Come lah🎉🎉🎉
@pongpong5108
@pongpong5108 4 ай бұрын
Need long term visa to stay in Msia
@harryong5252
@harryong5252 4 ай бұрын
hi wee can do a video for ipoh too>
@alanweeproperty
@alanweeproperty 4 ай бұрын
Unlikely.
@sghk7433
@sghk7433 4 ай бұрын
We cannot buy overseas property if we are staying in hdb in Singapore right?
@alanweeproperty
@alanweeproperty 4 ай бұрын
After HDB mop u are a free man.
@spawnrider9485
@spawnrider9485 4 ай бұрын
Data is far off than actual case, in penang island, lots of condo are above rm500k, and if can afford to buy 1 million condo, doesnt mean we can push ourselves to buy 1.4 mil landed, because that is another extra 400k to pay. Anyhow.. the data show for penang, is not too accurate, go to tanguh bungah and gurney area, the condo price will blow your mind, even there are lots of condo more than 2 to 3 million.
@MichaelLim0907
@MichaelLim0907 4 ай бұрын
What is advertised is rarely being sold. The fact that there are so many high priced condos advertised show that no one is buying them but owners are still calling for high prices
@alanweeproperty
@alanweeproperty 4 ай бұрын
i am limited by a lack of data. i have to agree my video is not 100% accurate. that is why watch them with a pitch of salt. it more for singaporean to have a overview on the market there... can share where to find such transaction. i will be keen to explore them.
@mlim4830
@mlim4830 4 ай бұрын
Covert the currency rate in 2013 and now... lose until lao sai
@user-wk6nj3lj6o
@user-wk6nj3lj6o 4 ай бұрын
Ok lah, better than going casino. Su Su Ki most of the time.
@micrealestatetalk
@micrealestatetalk 3 ай бұрын
Is Tony Phuah your relative ?
@alanweeproperty
@alanweeproperty 3 ай бұрын
nope. i dont know this person.
@markwong1730
@markwong1730 4 ай бұрын
It’s Girl-nee drive, not goo-nee.
@alanweeproperty
@alanweeproperty 4 ай бұрын
hahah....okok. thank u. maybe after i go there. then i know how to pronounce correctly.
@markwong1730
@markwong1730 4 ай бұрын
@@alanweeproperty btw, most investment grade properties in penang are not worth investing. When u buy at RM 1m and above, who is going to buy from you at a higher price in future? Definitely not the locals who can buy cheaper projects although less prestigious.
@MrRovoLova
@MrRovoLova 4 ай бұрын
Malaysian properties are a waste of time. Only good for buying for own stay. Forget abt capital gains or rental yields
KL Condominiums - Can buy or Bye Bye? From a Singapore Buyer Perspective
10:31
7 Tips To Buy A Profitable Property
9:11
Alan Wee Property
Рет қаралды 7 М.
Survival skills: A great idea with duct tape #survival #lifehacks #camping
00:27
Heartwarming: Stranger Saves Puppy from Hot Car #shorts
00:22
Fabiosa Best Lifehacks
Рет қаралды 16 МЛН
THE POLICE TAKES ME! feat @PANDAGIRLOFFICIAL #shorts
00:31
PANDA BOI
Рет қаралды 23 МЛН
5 reasons why PENANG is the BEST place in MALAYSIA 🇲🇾
8:46
The Hutchinsons
Рет қаралды 50 М.
What if this Plantation EC is better than Lumina & Altura? #Novo #Novoplace #EC #tengah
10:26
Cross Island Line - Where Are The Property Lobang?
12:02
Alan Wee Property
Рет қаралды 7 М.
Inside Sheng Siong supermarket billionaire Lim Hock Leng’s home in Singapore
5:05
South China Morning Post
Рет қаралды 1,2 МЛН
99 Years New Landed Property - Are They Making Money Today?
10:44
Alan Wee Property
Рет қаралды 7 М.
10 Most Profitable Condominiums  What Can We Learn From Them?
11:14
Alan Wee Property
Рет қаралды 12 М.
How to lose money from property?
9:17
Alan Wee Property
Рет қаралды 6 М.
Penang South Island: A Controversial Path to Progress
8:30
Citizens Journal MY
Рет қаралды 13 М.