Where to buy a Penang Apartment for less than RM1,000 a month

The residential subsector for the state of Penang in the second half of 2010 remains vibrant and continue to be the dominant sector in terms of number of transactions of the Penang Property Market. It is inevitable that home prices are on the rising trend in recent quarters brought about by improving economic conditions nationwide and continued bullish outlook of the Malaysian economic performance. It is also a widely known fact that landed house prices such as single and double storey terraced houses, in particular, Penang Island are amongst the highest in the country which have gone beyond the affordable levels of the medium income groups and new home seekers.

However, first time home buyers can still look for affordable Penang Apartments in the secondary market of Penang Island as there are many choices of medium range apartments priced from RM130,000 to RM220,000 per unit.

Incentive for first time home buyers under Budget 2011

Following the recent budget announcement on 15th October 2010, the government will introduce the “Skim Rumah Pertamaku” or “My First Home Scheme” through Cagamas Berhad to assist the newly-employed younger group earning less than RM3,000 per month to buy a house costing less than RM220,000.00.

First time home buyers will be eligible for 100% FINANCING. First-time house buyers will also be given stamp duty exemption of 50 per cent on instruments of transfer on a house price not exceeding RM350,000 as well as stamp duty waiver of up to 50 per cent on loan agreement instruments to finance such first-time purchase of houses. With the exemption in stamp duty, first time home buyers stand to SAVE UP TO RM2,250.00.

Read more :-Full loan for first-time house buyers and Pinjaman rumah 100 % untuk golongan muda.

Perks for first-time house buyers

a)Savings on 50% waiver of stamp duty on transfer instrument:-
House Price say RM220,000.00
1% on first RM100,000.00 – RM1,000.00
2% on balance RM120,000.00 – RM2,400.00
Total RM3,400.00
50% waiver RM 1,700.00

b)Savings on 50% waiver of stamp duty on loan instrument :-
0.5% on full loan say RM220,000.00- RM1,100.00
50% waiver RM 550.00

First time purchaser needs to pay RM2,250.00 only instead of RM4,500.00. Hence, effective savings is RM1,700.00 + RM550.00 = RM2,250.00.

Where to find Penang Apartments ?
Below is our compilation of apartment schemes in selected areas of Penang Island which are within the affordable pricing bracket for first time home seekers where we can help you to locate and own a Penang Apartment at affordable repayments from as low as RM500.00- RM1,000.00 a month. Our company, Izrin & Tan Properties Sdn Bhd is ever ready to assist you to own a Penang Apartment in a hassle-free (no headache to find where to buy), easy and convenience way.

Penang Island Apartment Information
Tanjung Tokong/Tanjung Bungah/Batu Feringgi – Aquarius , Azuria, Bayu Emas, Delima Condo, Ferringhi Delima, Ferringhi Mutiara, Permai Ria, Taman Krsytal, Taman Tegoh
Jelutong – Simphony Park, Mutiara Heights, Mutiara Idaman, Serina Bay, Desa Selatan, Menara Riverview, Taman Jelutong, Taman Cemerlang
Bukit Dumbar – Sinar Bukit Dumbar
Bandar Baru Air Itam – Seri Semarak, Desa Intan, Desa Baiduri, Fortune Court, Sri Impian, Sri Ivory, Sri Krystal, Tanjung Court, Asia Height, BL Garden, Treasure Ville
Padang Tembak - Boundary Court
Paya Terubong – Desa Permata, GL Garden
Perak Road – Casa Impian, Tmn Sri Perak, Tmn Kheng Tian, Kota Emas, Suteramas, Seruan Emas
Gelugor/Bukit Gambier – U Garden, Jade View, Gambier Heights, N-Park, Taman Batu Uban, Villa Sri Kenaga
Bukit Jambul – Taman Bukit Jambul, BJ Court, Desa Daya, Jambul View, Sri Nibong Apt
Batu Lancang/Greenlane – Mewah Court, Desa Green, Kota Emas, Desa Penaga, Eastern Court, Greenlane Heights, Medan Penaga, Taman Sri Damai
Georgetown –Taman Pelangi, Macallum St Ghaut flat, Sri Kota, Medan Samak, Desa Singora
Relau/Sungai Ara – Marina Tower, Taman Desa Relau, Acres Villa, Ara Mas, Desa Alor Vista, Desa Bayan, Relau Vista, Sri Abadi, Sunshine Garden, Villa Kejora, Vista Condo
Sungai Dua- Taman Pekaka, Taman Jubilee, Nipah Emas, Taman Lip Sin
Sungai Nibong/ Bayan Baru – Century Park, Desa Bistari, Gedung Hts, Halaman Cendana, Mahsuri Apartments, Nibong Indah, Taman Jubilee
Bayan Lepas – Saujana Damai, Bayan Permai

Mainland Penang- Seberang Perai Apartment Information
Butterworth – Park View, SeaView (studio unit), Pangsapuri Cantik, Pangsapuri Ria, Vista Perdana, Pantai Apartments, Pangsapuri Sena
Bagan Lallang/ Raja Uda area- Seri Cemerlang, Taman Mesra Indah, Taman Pandan, Pangsapuri Mawar, Pangsapuri Seri Mekar
Bukit Mertajam- Kondo Mutiara, Pangsapuri Seri Pelangi
Prai–Pangsapuri Aman(Prima Prai), Pangsapuri Pesona

Contact us now at +604-6588333 or SMS to 0124072329 to find out how we can assist you to own an affordable Penang Apartment for less than RM1,000.00 a month.


Acres Villa in Sungai Ara, Penang


Asia Height Apartments in Air Item


N-Park in Batu Uban


Jade View Apartments in Gelugor


Park View Tower @Harbour Place in Butterworth


Cassia Resort Condo@ Raja Uda, Butterworth

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13 Responses to “Where to buy a Penang Apartment for less than RM1,000 a month”

  1. PHILENDRAN Says:

    I am interested in one of ur place..pls call me at 019 4095617..tq

  2. Uma Vallicelii Says:

    Hi
    I am looking for a condo or apartment of 2 rooms of reasonable price in Penang Island in town itself. I need it for my father to live in as he finds it easy to be with his friends around market street . Please advice. the ones 10 to 200K would be good enough or less is even better. He has no car and thence you understand what I mean. Or can you give sales contact for apartments in Penang town at Weld Quay area

  3. cheang Says:

    looking for unit @ jalan/medan samak or taman kampar?what is the price now?

    tks

  4. David Ooi Says:

    Hi,

    I am looking for a apartment / condo of 3 room and the location is Batu Lanchang / Greenlane, the property is Casa Pinang. My budget is arround RM200K or less is even better and lower floor is considered.

    Thank you.

  5. Propnet Malaysia Says:

    A very information guide for Penang property buyers. Thanks.

  6. neksan Says:

    Looking for a first time house owner ship, any update or info on taman kelisa,prai(0125998924)

  7. Penang Property Says:

    How is the price of those condos/ apartments now after a year? Maybe already go up by 10%?

  8. angie Says:

    i am looking one unit at taman cemerlang jelutong….may i know the price now??? any agent in hand have it..pls let me know…….thank

  9. Jack Lim Says:

    It might be rather difficult to find a Penang Apartment at less than RM 1000 per month, and price is always a major factor. To find the apartment which is at your best interest, I found this website rather useful: http://www.homeguru.com.my/penang/apartment-for-sale/1

  10. tiew Says:

    i am looking one unit at condo cassie.
    Please let me know what the price now… thanks

  11. Lee Says:

    Looking for property in Pg below 250k, with rental price ~1k. Call me at 0164193238

  12. Delvinder Says:

    im looking for apartment in georgetown penag budjet from RM120,000.00. Where INTProperties bulding apartment now?

  13. haijun cheng Says:

    I want to buy Penang apartments, near the tourist area, there are those who choose, how much prices

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