Robust demand for landed homes in Penang

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.
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.