Penang Landed Homes in High Demand

Landed homes in Penang are still in great demand despite their high prices.

SP Setia Bhd’s sales and marketing executive Eunice Lee said many people were eyeing landed property due to expected limited and costlier supply in future.

“We have sales every day for our Setia Greens and Setia Pearl Island projects comprising terrace and semi-detached and villa units,” she said.

Strategically located: Lee (left) showing B.C Lok, his wife and daughter the units of a project available at the SP Setia booth

She said the number of visitors to the fair had been “fantastic”, especially during the weekend.

BSG Property’s sales and marketing executive Chong Hock Aun said the company was getting more enquiries on the landed segment as visitors felt that such pro- perty were likely to be more expensive if they did not buy them now.

Chong said there seemed to be more young couples who visited the fair during the weekend while older folk were the bigger crowd on the first two days.

Ideal Homes Properties Sdn Bhd sales and marketing manager Teh Yeow Jin said many visitors preferred landed property but their prices were generally out of reach.

“Take for example a landed property in Batu Maung. It could easily cost between RM700,000 and RM800,000,” he said.

The fair was an eye-opening experience for the director of Australian real estate agent Uniq Property, a first-time exhibitor at the event.

“We received enquiries from some 200 qualified buyers throughout the event for all four apartment projects in Melbourne showcased by us. Many of them had children studying in Australia or holders of permanent residence status there,” said Veki Brdjanin, adding that they sold two units of apartments.

MrProperty: In short, it’s a good news for those who bought and owned a landed home, while not so good news for those eyeing for landed property in Penang as that would mean higher price with high demand. Got to work harder I guess for the down payment and the subsequent bank installments.

News Source: The Star

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