Tuesday, July 24, 2007

Property Boom in Penang.

I suspect a property boom is coming. My banker told me almost all the Penang developers are holding back the launching of new projects.

Nautilus Bay, by IJM, completed but not for sale yet. A call to Mr Teh KM, IJMPROP MD, he said they are accepting registration only and not bookings. They are not even revealing the price.

According to my dad, this scenario is the same as the last property boom.

Wait for what, BUY property counters.


BlogChung said...

Bor, what is the typical 1k square feet condo FREE HOLD price?

Felix The Cat said...

Its around RM250K and depending on location.