If you feel that the price of property in Penang Island is too high, try looking your ideal home or investing property at the Mainland. Here is a new project by OSK in Butterworth, 5mins away from the Penang Sentral.
Comprises of 1tower with 2wings, 462units in total with sizes of 950sqft , 1050 sqft, 1200sqft and 1335 sqft. It is being sold from 480k to 600k (Not calculating in the rebates and discounts available, read till the end!) There are also some retail shoplots on the ground level which can be good for providing foods and especially Starbucks coffee which will definitely raise the class of the condo.
The freehold condo is considered to be a Service Apartment therefore it is commercial titled.
[Investor's Perspective]
The condo is in Jalan Chain Ferry, Seberang Perai Utara, Butterworth and it sits close vicinity to the upcoming Penang Sentral – an integrated transportation hub which links directly to the existing Electric Train Service (ETS), bus terminal and ferry terminal. Future undersea tunnel could also be connected to there. If you're worried about the Penang Transportation Master Plan that might never take place, here it is : Penang Transportation Master Plan is given green light.
It is partly seaview if you are in the high floors. Right next to the Woodsbury Suites if you know that.
It is estimated to be done in 2020 and the Penang Transportation Plan should also be confirmed by that time then. With the progress on connecting Island and Mainland, the Butterworth area is bound to have a higher price appreciation within the next few years.
[Agent's Perspective]
I will definitely press hard on the factor that Penang Sentral is just 5minutes away from the condo. It has shoplots downstairs, Giant supermarket nearby and a transportation hub in sight.This project is great for investing and airbnb purpose as tourist will come over Mainland for staying overnight when Island cost them too much or its full,and it is easier for them to take the ferry and reach your units immediately from the Penang Sentral hub as well.
Proposed package :
1) 7% rebate and free legal & disbursement fees on SPA signing.
If sign SPA within 60days
1) additional 3% rebate is offered (total 10% rebate off the price)
2) free loan stamp duty
3) free 2 units of inverter aircon and water heater
Well, 10% rebate is really a big amount if you calculate it. More offers might come as you discuss with the agents face to face to know more.
If you gets tired of the traffic in Penang Island, why not try buying a house in Mainland? Well I've been good living in Mainland for so many years!
Other projects in Penang that you might be interested in
[Golden Triangle 2] & [Urban Suites]
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