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Mainland Penang rising, secondary choice to island ending.

May 10th, 2015 Leave a comment

by Charles Tan

If you stay in Penang, mainland is considered a secondary choice. Island is the main focus and majority would choose to stay in island over mainland. Well, one major reason would also be due to the employment opportunities in the island. Think of any foreign multinational paying higher than the usual salaries and you would understand why people like to stay in island. They have no need to face jams everyday when they cross the bridge. The jams are also getting worst. One hour is considered usual these days. Batu Kawan potential today is more seafood restaurant related.

This may change. investPenang director Datuk Lee Kah Choon said that there were 6,000 acres of land available for development in Batu Kawan and it is now accessible via the second bridge. Industrial development would comprise 1,500 acres which meant employment opportunities are likely to rise from today. Another 2,000 acres would be for mixed-development projects while residential and eco-tourism developments would take up 2,000 acres. What do you get when you have business, leisure and pleasure at the same place? Well, the boom starts and the price goes up. Fortunately, this summary is also backed up by details. Some confirmed ones include The Aspen Vision City (AVC) which is where IKEA is located, Penang International Technology Park (PITP), RM1bil Penang Designer Village, a golf course, a theme park as well as 12,000 new affordable high-rise units would also be built. The LARGEST shopping mall in the northern region would also be built there by the Belleview Group.

With all these, perhaps it is true that mainland’s price may just catch up with the island in the near future. Eco World said that their new launches in mainland would be priced similar to the island. Read here: Buying Batu Kawan? Same price as island. Anyway, the most important catalyst which is the connection between island and mainland is ready. Once all these planned starts to show progress, the mindset may change. Only then would mainland be secondary to island no more. Don’t buy for investment yet. Please proceed to buy for own stay. If you can truly like it, very soon many would too. Happy waiting.

>> This opinion article comes courtesy of my friend, Charles, the founder of kopiandproperty.com. He is popular for sharing his thought on property investment mostly based on his own 12 years experience as well as from all the readings and conversations with property gurus in the industry. (Source)

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  1. Only B’worth
    May 10th, 2015 at 16:49 | #1

    Long,long,very long way to go for Batu
    Kawan.Even B’worth still available.No
    need to stay in B.Kawan.

  2. Jason
    May 10th, 2015 at 17:12 | #2

    Definitely a strong holding power is needed if you want to invest in Batu Kawan.
    Looking at the traffic volume using the second bridge, easily you need 5 to 10 years before seeing appreciation.

  3. Alan
    May 10th, 2015 at 17:24 | #3

    “Once all these planned starts to show progress, the mindset may change. Only then would mainland be secondary to island no more.”

    No. Mainland will never be on the same level as the island.

  4. chopstick
    May 10th, 2015 at 18:06 | #4

    “Mainland Penang rising, secondary choice to island ending.”

    This is a very general statement.

    (1) Mainland Penang rising –> true
    (2) secondary choice to island ending –> not entirely true.

    because…..

    (3) secondary choice to SOUTH island ending –> true
    (4) secondary choice to NORTH island ending –> Penang must be in deep shit when this happens.

    Well, again, what do you expect from this Charles Tan? Seriously, nothing personal!

  5. Yo
    May 10th, 2015 at 18:52 | #5

    Mainland will be still mainland la…island and mainland, spelling already different, how can it be same?!?

  6. john
    May 10th, 2015 at 19:05 | #6

    we will see…batu kawan is still baby right now, wait until it become mature !!!

  7. janet
    May 10th, 2015 at 19:14 | #7

    just like hong kong island vs mainland china, Singapore vs iskandar JB, mainland will never catch up to island….

  8. Steve
    May 10th, 2015 at 19:47 | #8

    One reason the mainland will overpass island, that is when the island starts sinking which is very unlikely in the next 100years.
    There is no scarcity of land in mainland.

  9. Ang
    May 10th, 2015 at 21:38 | #9

    i disagreed that mainland is likely or overpass island, please look at sgp vs JB, xiamen vs Taiwan, HK vs mainland China.. i guess the answer is clear now.

    Personally, the news is likely to be part of marketing strategy, whether it is true or not, perhaps, it requires yourself to analyse this information instead of just following it without second thought. my 2 cents.

  10. sohai apple vs orange?
    May 10th, 2015 at 21:59 | #10

    different story, if no jam just need 8 min to cross 1st pg bridge, nowadays many islander move to mainland stay bangalo, semi d, dts, from bukit tengah go to qb 15min can reached, sg ara, teluk kumbar can reach qb in 15min? that place u mention above can reach in 15min?

  11. Josh
    May 10th, 2015 at 23:18 | #11

    Very promising…both sides are Penang – 1 Penang
    “Some confirmed ones include The Aspen Vision City (AVC) which is where IKEA is located, Penang International Technology Park (PITP), RM1bil Penang Designer Village, a golf course, a theme park as well as 12,000 new affordable high-rise units would also be built. The LARGEST shopping mall in the northern region would also be built there by the Belleview Group”

  12. Jason
    May 10th, 2015 at 23:46 | #12

    Tourism sector is still dominant in islands side. There is not many tourist attraction in mainland.
    So no way mainland can stay on par with islands in term of property appreciation.

  13. Only B’worth
    May 10th, 2015 at 23:48 | #13

    No need to talk about China or S’pore. Batu Kawan
    will be dead place.

  14. ko
    May 11th, 2015 at 01:25 | #14

    Seriously, you cant compare SG and JB or HK and China with island and mainland. Its not apple to apple.

    HK island to TST more likely.

    Every country or state is however unique in its own way. Like what steve said, there is no scarity of land in mainland, but there are limited land in island. Mainland is unlikely to overtake island unless the gov shift all business/tourism activity from island to mainland. That is unlikely to happen.

    Mainland however with the proper transport plan, will benefit from the spillover effect of land scarity in island.

    Whether or not mainland will be same price as island, its very subjective. mainland now are somehow near to balik pulau pricing afterall. It all depends on development on infrastructure.

    And off course, marketing technique. if developers can market their ppty in mainland well, and price it high and yet buyer are willing to buy, price will naturally appreciate based on supply and demand.

    With land price being high in island now, mainland definitely has potential. in my humble opinion, batu kawan has potential becoz of all the commercial development and marketing. Whether a not it will become a BIG thing will depends on the activities level after all the development.

    Butterworth has potential becoz of the potential tunnel infrastructure. Taking georgetown/tikus as center point. There will be spillover effect.

    island or mainland, it is still penang. it doesnt make one better or more superior staying in island compared to mainland.

    HK is a good example. HK island is where the central business district are and where everybody want to stay, but becoz of price issue + development across the hk island is so good where TST, nathan are, the HK mainland price appreciate a lot and today, TST ppty price is not much cheaper than HK island central.

    Then again, like i said, penang is unique on its own. business activities is not as high as HK and still a long way to go.

  15. kuku
    May 11th, 2015 at 07:01 | #15

    @ko

    wah, long story there you telling. just one simple question i ask you.

    for one property, same size, same layout, same finishing, everything the same, and same price, but one in butterworth, and one in tanjung tokong, which one would you buy?

  16. williamyl
    williamyl
    May 11th, 2015 at 08:30 | #16

    Just simple question if the property price Batu Kawan VS Penang island is same…..
    which one would you choose???? defenately u know which one u will go…..
    For the long terms it will grow in BK but not now…..
    for those have extra money why not???
    every new pcs of land have their potential …..
    Just in case economy crisis everything also gone……
    no matter u or developer….
    i hope every pcs of land in Penang no matter Main or Island all develope well……

  17. falcon
    May 11th, 2015 at 09:51 | #17

    Well said ko.
    Taiwan/Xiamen or S’pore/JB are two different countries, govern by two different political structure. It is more complicated process for collaboration. Unlike Penang.

    How would you turn the weakness of limited land in Penang island to compete internationally to attract foreign investors to build factories and set up their Asia Regional hub in Penang? How efficient is the infrastructure of Penang? If the state government know how to make use of this competitive advantages of Penang which comprise of island & mainland, the prosperity of Penang state will not be just like today. If Penangites on Penang Island do not treat residents of Province Wellesley as Penangites and likewise in regards to everything else unique to Penang whether on the island or the mainland, who then will accord their respect Penangites and Malaysian?

    It might take some time to develop mainland which has been long neglected, but the potential cannot be denied.

  18. Only B’worth
    May 11th, 2015 at 11:51 | #18

    Only B’worth :
    Long,long,very long way to go for Batu
    Kawan.Even B’worth still available.No
    need to stay in B.Kawan.

    No need to talk about China or S’pore. Batu Kawan will be dead a place.

  19. Mourinho
    May 11th, 2015 at 12:39 | #19

    Mainland property lagi…aihh if so good no need advertise so much la.

  20. ko
    May 11th, 2015 at 13:02 | #20

    William, based on today market, if kawan is same price as north region on island, people will choose island. If you are comparing with balik pulau and kawan. that is very subjective. Some may prefer to stay in island, some may choose kawan. However, there is a focus on the development in kawan due to the “hype” going on now. Imagine, if kawan has all the basic infrastructure (roads), amenities (mega malls, foods,shops, schools etc etc) and pulau is lacking. more people will be leaning toward kawan. This is development.

    Developers are just like buyers. They are followers. a herd mindset. One say kawan good and do lot of marketing. . all other developers will follow and decide to build there. This is the current mindset. It will really bring development to the area.

    Saying the above, investment has a theme/ story. If you like it and buy the theme, you go for it. Personally, I find the batu kawan story theme good. but I prefer other theme. lolz

    Property investment is a long term investment. its not an overnight thing. property development is also a long term thing. It takes time to develop a place and for people to accept. For property investment, during down time or crisis, most important is holding power. For own stay, during down time, you also wont sell.

    Malaysia is a young country with good population demographic. even if there is a economy crisis or property bubble, the demand is there to assist in the recovery. Off course, unless you say there is a natural disaster what wipe out the population ceasing the demand.

    All investment has up and down. Since your birth, how many economy crisis are there? and what is today property price?

    Hi Falcon, I agree with you. my concern for penang is that it is focusing on manufacturing or factories too much instead of high level jobs. There is no central business district of high rise buildings in penang which is of a concern. Penang is on the right track, but still a long way more. However, looking then, we are all lucky to be born in this era then. it will be much much more difficult for the next generation to buy a ppty. This is a problem facing developed countries which malaysia still has a while to achieve.

    Only butterworth,

    True, it is pretty dead now. Butterworth area is much more lively today. it all depends on the development in batu kawan. It will take a while. It will take time to build infrastructure, time to see how people accept the development and time for perception to change.

  21. falcon
    May 11th, 2015 at 20:19 | #21

    @ko
    Unfortunately there’s limited township planning for the last 30 years. If MNCs wants to set up Regional hub in Malaysia, KL is always the first choice. Penang has to play a different strategy to create business and job opportunities. The collaboration between island and mainland is essential, which is also the key competitive advantage of Penang state.

    Rome was not built in a day. Kawan may need at least a decade to develop to the level as they mentioned. The Risk is not low obviously, but will it generate high Return?
    Same case as Iskandar, which was sell like hotcakes 2 years ago. However projects have been delayed. i.e. CapitalLand’s SGD3.2 billion township in Danga Bay that it will build with Temasek Holdings and Iskandar Waterfront Holdings was announced two years ago but has not been launched. The delayed was mainly due to the disagreement of the condition in the S&P. Is Iskandar still a good bet for investors?
    – Opportunity exist but investors need to do due diligence, it apply to Kawan as well.

  22. ko
    May 11th, 2015 at 20:34 | #22

    Falcon

    I agree with what you mentioned.

    Well for every investment, one ought to do its due diligence before making a decision. Even if the investment goes wrong, no regret.

    Talking about iskandar, well, im impressed with the way they market. 110% marketing strategies.

    Are you shopping around for investment property as well?

  23. Penang 1
    May 11th, 2015 at 20:43 | #23

    Batu Kawan area is good only in construction of public toilets.

  24. Mainland
    May 11th, 2015 at 23:35 | #24

    Island is better than mainland lo. Better don’t invest in mainland.

  25. JanL
    May 11th, 2015 at 23:47 | #25

    @ko

    TST to Central MRT takes how long?
    Batu Kawan to Queensbay/Gurney takes how long?

  26. ko
    May 12th, 2015 at 02:24 | #26

    JanL,

    I know you are trying to say HK is different from penang. Yes it is different, but it is a good case study to compare with penang because its shape is very similar. So it is good to see how is urban planning done for hongkong.

    And, if you are trying to prove a point to doubt me, do use better comparison. You should be asking me instead

    TST to Central MRT take how long? Bagan Ajam to komtar/Gurney take how long?

    Batu kawan to gurney is like Po lam to Central.

    Mainland is not all about batu kawan.

    To all others,
    Please note that the above illustration is not a direct comparison of HK and Penang. Train line is not going to happen so soon. Train route is a question mark. Who knows Bagan Ajam might not even has a mrt station.

  27. falcon
    May 12th, 2015 at 06:41 | #27

    @ko
    I’m always open and interested. Glad to meet you here and thanks for sharing.

  28. hong
    May 12th, 2015 at 06:57 | #28

    Penangite origin born in Island, it’s our lovely hometown, why move to BK to stay?
    Penang got so many beauty places, famous hawker foods, sandy beaches, 100 years old temples and houses, natural & greenery environment attract many tourist come to Penang island .
    Who want to go to BK???

  29. rental
    May 12th, 2015 at 08:09 | #29

    lol…look like many ppl so hate batu kawan, eco world set same property price with island, lets see wat will happen? islander will invest or move to batu kawan?:-D

  30. Ang
    May 12th, 2015 at 08:48 | #30

    Personally, it is kind of market strategy to promote batu kawan or a place where you are developing, if u are a developer, what would you do, i think the answer is clear.

    In additional to Penang island, The good thing of having batu kawan or mainland to be developed is… at least, it gives another option to buyer whether they want to stay in island or mainland, as property price is the key concern and land scarcity, it definitely benefit for those wanted to stay in landed house instead of condo in island. Ultimately, Island and mainland will not be the same in term of pricing, i don’t think perception will change toward mainland but mainly affordability factor. the only perception will change is.. giving an option for people to have big property in mainland as affordability pull factor.

  31. calvin
    May 12th, 2015 at 09:01 | #31

    @Ang
    agreed !!!

  32. hong
    May 12th, 2015 at 09:04 | #32

    @Ang
    u get the right point !

  33. Penangkia
    May 12th, 2015 at 09:35 | #33

    If anyone ever remember, long time ago in KL, nobody would want to buy house in bangsar. the only few locals was there. it was so bad till not even banks would want to give them loan. desperately, developer pursue those who was working nearby especially TNB’s staff and offer them extremely cheap price and even offer them loan out of developer’s coffer.

    now those who took the offer are smiling as they have one of the most expensive piece of properties right in the center of KL.

  34. janet
    May 12th, 2015 at 09:48 | #34

    this topic is so hot hot hot….lol

  35. daren
    May 12th, 2015 at 09:53 | #35

    My opinion is those work in Penang island better stay in island, if not pls move to mainland to avoid high petrol consumption, time saving, bridge traffic jam, children study/tuition issue, late attendance, etc. Long term like that will create mental & physical problems, affected out routine job and lifestyles.

  36. Only B’worth
    May 12th, 2015 at 10:05 | #36

    Penang 1 :
    Batu Kawan area is good only in construction of public toilets.

    Batu Kawan will remain what it is today as already shown by PDC housing
    which were left vacant.

  37. abu
    May 12th, 2015 at 10:20 | #37

    The land price different by so much… how to be same?

  38. Steve
    May 12th, 2015 at 10:25 | #38

    It is all about supply and demand. The property prices is not determined by eco world . It is determined by the buyer market. If no one buy eco world will drop the price back to where people will pay for. So ask yourself whether you would pay same price in batu kawan vs island ?

  39. Hemsley
    May 12th, 2015 at 12:41 | #39

    Bayan Baru today took 30-40 years with the contribution from FIZ. How long BK need to be at the same level with BB?

    Can’t compared with KL/ Klang valley where 6-7 millions ppl staying there. Penang only have ~1.6M. This population hardly can support another new town in the state.

  40. alek KL boy
    May 12th, 2015 at 17:37 | #40

    Most island boys got hit a nerve with the captioned about booming in the Mainland. btw, i am neither penang kia nor from mainland, i just being observance everytime this sort of pro mainland news surfaced, the feedback from readers surely a negative one. it reflects how kiasu this bunch of clown and i am surprised the mentality of certain parties tht mainland booming would make island less attractive. what a joke.

  41. Penang 1
    May 12th, 2015 at 17:49 | #41

    alek KL boy :
    Most island boys got hit a nerve with the captioned about booming in the Mainland. btw, i am neither penang kia nor from mainland, i just being observance everytime this sort of pro mainland news surfaced, the feedback from readers surely a negative one. it reflects how kiasu this bunch of clown and i am surprised the mentality of certain parties tht mainland booming would make island less attractive. what a joke.

    This one really a silly joke. Mind you, it hit only Batu Kawan and the one who
    is planning to rake in profits from this “swampy smelly land”.

  42. kiasu
    May 12th, 2015 at 20:26 | #42

    @alek KL boy

    attractive maybe, but same price?? don’t be so foolish can or not?

  43. Simon
    May 13th, 2015 at 08:11 | #43

    Why do penang ppl so tulan mainland?

  44. Gan
    May 13th, 2015 at 08:59 | #44

    @Simon

    Mainland got great potential. But still playing catch up to island in many ways.

  45. Mourinho
    May 13th, 2015 at 09:45 | #45

    Perhaps Charles Tan should write a blog about “Why island people so dulan mainland property”

  46. Penang 1
    May 13th, 2015 at 09:52 | #46

    Only B’worth :

    Penang 1 :
    Batu Kawan area is good only in construction of public toilets.

    Batu Kawan will remain what it is today as already shown by PDC housing
    which were left vacant.

  47. sXonBalcony
    May 13th, 2015 at 10:08 | #47

    @Simon

    No lah, island people not tulan with mainland lah. But those people who bought properties in Sg.Ara and the neighbouring areas for speculation are feeling the pressure now because a lot got stuck mah. And then Balik Pulau also gone case. So feeling insecure, trying to talk down mainland lor.

    Then, this Charles Tan come and make this very general comment “Mainland Penang rising, secondary choice to island ending”, which is in every way misleading. I think someone mentioned if you have to choose between 2 properties with same spec same price, one in mainland, one in Tanjung Tokong, then surely people choose tanjung tokong mah.

    That’s all it is.

  48. Alex
    May 13th, 2015 at 10:28 | #48

    Alex KL boy,
    Island ppl so kaisu, kiasi, tulan, worry mainland property booming cos to them this so called ulu ulu place where they need GPS to drive around in order not to get lost cannot be possible better than their small island super traffic jam, super expensive small cubes condos, apartments. When need seafood, they GPS drive to Tambun, the mainland ! So proud of super expensive island property, now cannot afford already, then start to cry baby, blame govt not building cheaper, affordable homes or cheaper car parks, cheaper maintenance fees. Xia sui penang lang only with this kind of narrow-minded, cannot grow and adapt mentality.

  49. calvin
    May 13th, 2015 at 10:30 | #49

    @Simon
    Penang ppl not tulan mainland, we are just telling the true.
    State goverment planned to develop BK, how long ….10 or 20 years ….or……???
    Recently Penang island already upgrade to ‘CITY’ status, BK still a rural area need to take time to develop.
    Thus, the answer is clear, better enjoy what we are having now b’cos LIFE IS TOO SHORT friend!!!

  50. bt
    May 13th, 2015 at 10:56 | #50

    @sXonBalcony

    tanjong tokong? huge land reclaimation going to start soon. Plenty of condo going to be built there. with the under sea tunnel, i think landed in bagan much better.

  51. Ming
    May 13th, 2015 at 11:05 | #51

    Used to stay in Tanjong Bungah, but the traffic is getting unbearable everyday. After moving to BM, finally get back my peaceful life.

  52. lee
    May 13th, 2015 at 11:15 | #52

    @ming
    We need more people like you who will move to Mainland and free up some space. But for me, Tanjong Tokong is still my home. Easy access to all amenities. If don’t want jam, just get out of the house off peak hour. Frankly I very seldom kena jam. Maybe less than 5 times a year. :)

  53. Go4mainland
    May 13th, 2015 at 11:17 | #53

    very easy. half million what can u buy in Island and wat can u buy in mainland.. ten years ago… mainland landed property is not even 50 percent of landed property of island (rough comparison because depends on location and size).

    now, u can simply get a Semi d for 600-800 in mainland while 600-800 u can just get a cage condo…. 600 – 800k is 2000sqf above Semi D. 600-800k in Penang is 2000 above condo too.. but how expensive is the maintenance…

  54. kekpo
    May 13th, 2015 at 11:43 | #54

    Alex :
    Alex KL boy,
    Island ppl so kaisu, kiasi, tulan, worry mainland property booming cos to them this so called ulu ulu place where they need GPS to drive around in order not to get lost cannot be possible better than their small island super traffic jam, super expensive small cubes condos, apartments. When need seafood, they GPS drive to Tambun, the mainland ! So proud of super expensive island property, now cannot afford already, then start to cry baby, blame govt not building cheaper, affordable homes or cheaper car parks, cheaper maintenance fees. Xia sui penang lang only with this kind of narrow-minded, cannot grow and adapt mentality.

    Pls don’t condemn island ppl, who want to stay in a ulu-ulu place as we are not monkey.
    Tambun seafood once a while makan onlylah, u think always eatmeh! But mainland ppl every weekend sure come to Penang island to search for famous hawker food to control their mulut gatal-gatal. So rediculous !!!
    We are so proud to be a penangites although we stay in a small cube condos and facing traffic jam everyday but at least we are very enjoy as a city boy, not a mainland kampung boy.
    U never do homework, ‘CITY’ level is like u mentioned full of high rise building, traffic jam, expensive property, high in cost living and population. But kampung mainland totally different
    Don’t forget, Penang island is the 2nd largest city after KL. hehehe

  55. @.@
    May 13th, 2015 at 11:45 | #55

    @calvin
    wah u seem very proud you are living in the city where other they live in the jungle.

  56. @.@
    May 13th, 2015 at 11:49 | #56

    Alex :Alex KL boy,Island ppl so kaisu, kiasi, tulan, worry mainland property booming cos to them this so called ulu ulu place where they need GPS to drive around in order not to get lost cannot be possible better than their small island super traffic jam, super expensive small cubes condos, apartments. When need seafood, they GPS drive to Tambun, the mainland ! So proud of super expensive island property, now cannot afford already, then start to cry baby, blame govt not building cheaper, affordable homes or cheaper car parks, cheaper maintenance fees. Xia sui penang lang only with this kind of narrow-minded, cannot grow and adapt mentality.

    the typical island mentality can never be changed. to these people, 10km travelling is like having them moving from north pole to south pole. just ask anyone live in kl what is 30km meant to them? i have a friend living in simpang ampat she travel to bayan lepas daily thru 2nd bridge (30km) yet she gets to office shorter travelling time than her colleague living in batu ferringi.

  57. lao uncle
    May 13th, 2015 at 11:59 | #57

    Look at the bigger picture. Not just the current condition. Many people make mistakes cause they use their own “preference or opinion” when making decision.

    1. Penang island property yes, is more developed and you can get almost anything you want within a 30 mins driving distance. But, property prices on the island is now easily above RM550psf. even at places that people used to call “rural” like Sungai Ara which used to be a “Malay” location. So, expect to pay RM500K or more for a property unless you are the lucky few that is shortlisted for Affordable Home.
    2. Mainland property, mindset of “undeveloped” area, which could be true for 15 – 20 years ago but more and more shopping malls are appearing in this area.
    3. Why? Cause residents of this area have more “spending power”. They buy the same sized property at about half the price. Ie. you pay 500K for a 900 sf. condo, they pay 350K for a 1,200 condo. Even based on loan, they have an access purchasing power of RM150K. A loan repayment for 30 years for 450K (90% loan) means you will have to pay about RM2.2K per month for instalment versus a person who is taking a loan of RM315K(90% of 350K) whom will be paying only about RM1.5K a month. This comparison alone shows that a general income earner, I’m assuming RM3.5K la, will have an access of only RM1.3K if he buys a home on the island versus the a guy who will have an access of RM2K if he buys a property on the mainland.
    4. Those who say RM700 is not alot is probably living off his parents money or making more than RM8K a month. RM700 a year equals to RM8,400 which could mean a return trip to Europe for a week. Those who say, life is short enjoy while you can probably didn’t look into the long term savings.
    5. Yes, RM5.60 tol crossing the bridge or extra petrol for travelling to the island. Let’s say RM4.60 for petrol and 5.60 for tol making it RM10 per trip. The excess of RM150K on property savings means you can travel 15,000 times or equivalent to 41 years if you travel everyday.
    6. Cost of living on the mainland is lower compare to the island. Penang island is becoming more and more of a tourist trap and many hawkers are charging more because of tourists. So, daily expenses will reduce as well.

    I agree that appreciation on the island will appreciate faster than mainland but if families or fresh grads that are looking for an alternative home, mainland would be very more feasible. Investment is something that is never risk free for experiences property investors. Timing is always important. Mainland is still very reasonably affordable and even cheap for many people. Don’t wait till it become a matured town or city before you come and look for alternative living.

    This is my personal opinion as an investors that have bought properties both on the island and mainland. I believe the forum is for constructive comments rather than negative as I see many comments above.

  58. rambo
    May 13th, 2015 at 13:05 | #58

    wah lau eh, so many long comments, read until i also blur.

    why are you guys making it so complicated?

    i just sold me tiny cage today in tanjung bunga to a retired couple from hong kong. 1.1mil. they say very cheap wor. shit!

  59. rambo
    May 13th, 2015 at 14:15 | #59

    @lao uncle

    Well, it’s not my own preference. It’s the preference of most foreigners. I make money by understanding their preference. Because they are the ones with plenty of money.

    That old couple sold their apartment in hong kong (half the size of what they are buying now) for RM4mil. After paying me 1.1mil, still have almost 3 mil. From what I gathered through conversation, they have another RM 3 mil retirement fund, so 6mil-7mil in total to last them throughout retirement in Penang. They were only normal gov servants in hong kong previously.

    They also mentioned about buying another property if they see something they like because the grandson might come here to attend international school.

    Forget about tol, forget about what affordability, forget about what 2-3k instalments, forget about mainland!

    This is where the money is. Huat ah!!!!!!

  60. rambo
    May 13th, 2015 at 14:26 | #60

    Hi @.@

    Haha…not everywhere on the island is city lah. Balik Pulau mah jungle lor. Balik Pulau is far worse than mainland.

    But one thing about Butterworth, always got people (debt collectors, ah long, bookie) get shot ler. Last night got one debt collector got shot at Mak Mandin, 3 gunshots, dead. I heard from local butterworth people there is a gang war in that area.

  61. paige
    May 13th, 2015 at 15:27 | #61

    @rambo

    Gang war? Eeeee… Penang Island especially Tanjong Bungah still my #1 choice.. no often ya, mainlander?

  62. Penang 1
    May 13th, 2015 at 15:38 | #62

    No need to tell grandfather’s story, anyhow Batu Kawan already dead before it
    get started.

  63. Dunbe
    May 13th, 2015 at 16:13 | #63

    @rambo
    Can we sell island property below 2 mil to foreigner? I thought there is a price restriction on this right?

  64. dream
    May 13th, 2015 at 16:29 | #64

    @Penang 1

    still got chance if they sell cheap…

  65. rambo
    May 13th, 2015 at 16:43 | #65

    @Dunbe

    Can, bird cage > 1 mil, landed > 2 mil. State gov should revise threshold for bird cage to 1.5 mil, otherwise those foreigners si peh happy that they get to buy very cheap properties.

  66. Penang 1
    May 13th, 2015 at 16:52 | #66

    @dream

    Only place in mainland to buy is only at Butterworth. No Batu Kawan or BM.
    PDC has shown that double storey houses are left vacant in B. Kawan with
    leasehold titles.

  67. muahaha
    May 13th, 2015 at 17:56 | #67

    lao uncle’s message is for locals la. i think for Penang lang, looking for homes, if can afford will buy island but don’t complain price la. If looking for alternate, then buy mainland cause lao uncle’s points very valid. If condo saving more than 100k, landed of the same type will save more than 500k.

    rambo. you’re not selling to locals also. malaysia ringgit so weak now, no need HK people buy. SG people also will find it cheap upon conversion. What this write-up is stating that mainland is no longer the slum like many think it is. It can be an alternative … just more open minded. Investors still looking at capital appreciation but locals is looking for a home. One is making quick money, one is looking for alternative living area.

  68. Simon
    May 13th, 2015 at 18:06 | #68

    But why island ppl so very dulan mainland? Can even make quick conclusion that mainland is dead no matter what billion dollar investment announcement. Why the hatred??

  69. kiasu
    May 13th, 2015 at 18:39 | #69

    Island lang have superiority complex lo. Cannot except that Mainland can be an alternative. Hahaha.

  70. Penang 1
    May 13th, 2015 at 20:08 | #70

    Penang 1 :
    @dream
    Only place in mainland to buy is only at Butterworth. No Batu Kawan or BM.
    PDC has shown that double storey houses are left vacant in B. Kawan with
    leasehold titles.

    Batu Kawan “swampy smelly land”. Already dead.

  71. kiasi
    May 14th, 2015 at 09:04 | #71

    @kiasu

    mainland more like second choice..

  72. Hemsley
    May 14th, 2015 at 09:43 | #72

    @lao uncle

    Only partially agree with you:

    For spending power, the scenario could be different for, live in mainland work in island & live and work in mainland, because in general, there are more jobs with better pay on island base on my personal experience, and excluding those businessman.

    And if having better spending power when stay in mainland, because of lower property price, then more shopping mall coming up, then I prefer to spend my money in property than in shopping mall. Although property in mainland more expensive, but it appreciate faster. If I sell a condo on island today, I can buy at least a DST in mainland, or buy a condo in mainland and claim back all my “spending power” in jest 3-6 months.

    BK is still a small town. The journey of a small town to a city will not be in years. It has to grow together with the population. Gov pull so huge money into Iskandar for how many years? SP Setia started to built a township in Bukit Indah ~15 years ago. And when I visited there last year, the town is still about the size of Alma, my rough estimation, but not as busy as Alma. Still long way to go for BK.

    I stay in Simapng Ampat before and travel daily to island. Monthly travel cost is around RM700, including toll, petrol and car maintenance, plus 30-45 minutes travel time in normal traffic. And this have to X2 and my wife is doing the same too. That time the petrol price RON97 only less than RM1.80. And when I sell my house after move back to island, I was not able to making any profit from it, in fact, losing money if including the renovation. Again, instead of spending my money for the travel cost, I prefer to spend it on a property.

    I can agree that cost of living in mainland is lower. But when the time we want to look for convenient not only the shopping mall, but the hospitals, clinics, schools, cafe, hawker center, restaurant, etc, sometime it is worth to pay for a better living standard. Taking about the food, I really can’t stand with the fly in that area and hope the situation is improving.

    My opinion is, stay at where near to your work. Spending time in traffic is the most inefficient things to do in our life. Spending money in property is actually an investment as you are able to claim them back with profit in future.

  73. Penang 1
    May 14th, 2015 at 09:50 | #73

    When it comes to money nothing “kiasu” or “tua ki” really matter.

  74. rambo
    May 14th, 2015 at 10:33 | #74

    Actually mainland is not such a bad place to stay. Got shopping mall, good schools, food also not that bad etc. When it comes to affordability, mainland is the answer for a lot of people.

    I would recommend Charles Tan to change the title of his article to “Mainland Penang rising, secondary choice to island looks more appealing”.

    Fair enough?

  75. kekpo
    May 14th, 2015 at 13:58 | #75

    @Hemsley
    100% agreed, so straight to the point.

  76. calvin
    May 14th, 2015 at 14:09 | #76

    @Hemsley
    totally right, i fully support your good comments

  77. keksai
    May 14th, 2015 at 14:22 | #77

    @Hemsley

    oh boy, long grandma story again.

    There is no shortage of hi-tech jobs in mainland. More jobs will be created over there.

  78. Penang 1
    May 14th, 2015 at 14:33 | #78

    Straight to the point, no Batu Kawan, no Simpang Empat, no BM. If you really
    need to stay in mainland, only in Butterworth. No need advertisement.

  79. keksai
    May 14th, 2015 at 15:36 | #79

    @Penang 1

    You have gone straight to the WRONG point. Butterworth is full of gangsters, debt collectors, old houses. Gone case. A new area like Batu Kawan should be better. Got Ikea, new mall, near to 2nd link.

  80. john
    May 14th, 2015 at 22:25 | #80

    wow this is penang islander vs penang mainlander topic, majority not supporting BK but i’m still insists BK can be spark and i’m willing to see it patiently. Batu Kawan you have my vote !!!!

  81. Penang 1
    May 14th, 2015 at 23:52 | #81

    john :
    wow this is penang islander vs penang mainlander topic, majority not supporting BK but i’m still insists BK can be spark and i’m willing to see it patiently. Batu Kawan you have my vote !!!!

    Yes, it will sparks and explode as well. This is not an election you just don’t vote
    but you have to put your money in to see it burns !!!!!!!!

  82. Uncle Lim
    May 15th, 2015 at 14:11 | #82

    @Hemsley

    I only partially agree with you also.
    Simple reasons, because you stayed in the wrong place in mainland, Simpang Ampat.
    Renovation cost cannot count in as loss lah, because you already enjoy your renovated home and landed convinience ma.
    Excess money or cash save by staying in mainland and spend it on shopping or tours or essential goods or services are considered a need nowadays for quality of life, work life balance. You don’t want to put most of your money in property, staying in expensive property BUT have to behave and looks so poor or so tight budget or so kiam siap or like beggars ma.

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