Many visitors seek reasonably priced homes on Penang island

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Yeo Shey Wei, 38, holding three-year-old daughter Charlie, and wife Ch’ng Bee Lean, 35, checking out The Zen project by Asia Green Group at StarProperty.my Fair 2017 in Queensbay Mall. Read more at http://www.thestar.com.my/metro/metro-news/2017/10/23/all-about-cost-and-location-many-visitors-seek-reasonably-priced-homes-on-penang-island/#5hlEju0RHpgbV66G.99

Yeo Shey Wei, 38, holding three-year-old daughter Charlie, and wife Ch’ng Bee Lean, 35, checking out The Zen project by Asia Green Group at StarProperty.my Fair 2017 in Queensbay Mall.

PRICING and location are what matter most to property hunters in Penang nowadays.

The most sought-after homes are priced between RM300,000 to RM400,000 and thelocation should be on the island, according to many visitors at the StarProperty.my Fair 2017 in Queensbay Mall.

Dhinnesh Jeevan, 28, a software engineer, said facilities available at projects did not concern him as much as the other factors.

“The pricing should be around RM300,000 to RM400,000 and the unit should be on the island.
Yeo Shey Wei, 38, who runs his own business, said he was also looking for an apartment on the island and it should be about 800sq ft to 900sq ft.

“The other important thing is that the price should be around RM400,000.

Prisma Bumiraya Sdn Bhd’s Novus project attracting potential buyers at the fair.

Prisma Bumiraya Sdn Bhd’s Novus project attracting potential buyers at the fair.

“The apartment must be close to my workplace,” he said.

Meanwhile, engineer Tang Song Teik, 40, is eyeing property in the RM600,000 and RM700,000 price range.

He is, however, willing to consider property in Seberang Prai.

“I don’t mind if it is on the mainland so long as it is in a good location,” he said.

Over RM13bil worth of residential and mixed development projects were showcased at the four-day fair.

The developers with the highest gross development value (GDV) projects at the fair were IJM Land Bhd (GDV RM5.6bil), Asia Green Group (RM2.4bil), Aspen Group (RM1.8bil) and Ideal Property Group (RM1.3bil).

They were followed by Ewein Zenith Sdn Bhd (RM800mil), Mah Sing Group Bhd (RM651mil), Sunway Bhd (RM316mil), Prisma Bumiraya Sdn Bhd (RM291mil), Bionic Development Sdn Bhd (RM280mil), and Iconic Land Sdn Bhd (RM240mil).

The other developers were IOI Properties Group Bhd, Aroma Development Sdn Bhd, Symphony Life Sdn Bhd, JKP Sdn Bhd, Aman Setia Group, Uni Suites, Emerald Residence, TF Land Sdn Bhd, VST Group of Companies, AGT Land and Hatten Land.

Want to contribute articles to StarProperty.my? Email: editor@starproperty.my
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