Comments on: Panoramic View Of Taman Pekaka, Taman Lip Sin And Bukit Jambul http://www.petertan.com/blog/2009/11/11/panoramic-view-of-taman-pekaka-taman-lip-sin-and-bukit-jambul/ Living One Day At A Time Mon, 15 Mar 2010 11:06:28 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: ex penang boy http://www.petertan.com/blog/2009/11/11/panoramic-view-of-taman-pekaka-taman-lip-sin-and-bukit-jambul/#comment-24422 ex penang boy Wed, 11 Nov 2009 13:01:20 +0000 http://www.petertan.com/blog/?p=1334#comment-24422 Well, look at it this way, if you rarely go back to penang,the apartment is underutilized and you're paying the maintenance and utility bills for nothing.The appreciation in value of apartments in Penang is limited whereas their maintenance is non existent ,so expect the building to run down progressively. I would sell the apartment,invest in some low risk bonds or put it in a fixed deposit.The interest should be more than enough for a nice stay in a hotel when you swing around to the island for the occasional stay. Sometimes, practicality has to override sentimentality. <strong>Peter: The apartment is definitely underutilised. The apartments in that area is actually much sought after because they are just beside USM and near the FIZ (Free Industrial Zone). The apartment is slightly 10 years old but it has been well maintained. Believe it or not, the price has appreciated by 50%! But I see your point. Unlocking its value makes better sense. Thanks.</strong> Well, look at it this way, if you rarely go back to penang,the apartment is underutilized and you’re paying the maintenance and utility bills for nothing.The appreciation in value of apartments in Penang is limited whereas their maintenance is non existent ,so expect the building to run down progressively.
I would sell the apartment,invest in some low risk bonds or put it in a fixed deposit.The interest should be more than enough for a nice stay in a hotel when you swing around to the island for the occasional stay.
Sometimes, practicality has to override sentimentality.

Peter:
The apartment is definitely underutilised. The apartments in that area is actually much sought after because they are just beside USM and near the FIZ (Free Industrial Zone). The apartment is slightly 10 years old but it has been well maintained. Believe it or not, the price has appreciated by 50%! But I see your point. Unlocking its value makes better sense. Thanks.

]]>