Port Dickson is a popular location for many buyers attracted by the safe clean beaches and clear seas. But you need to be careful where you buy because there are also petro-chemical plants and oil terminals to the north of the resort.
Some properties on the east coast are good examples of what can happen if you buy in the wrong location. many end up at auction.
The best spots are to the south of the town near the golf course and Admiral Cove.
Waterfront properties in Port Dickson can be bought at auction for less than £10,000. Located just minutes away - and south - of 'The Legend' and 'Banyan Curve' and with prime views over the sea, The Port Dickson International Marina Resort is home to Admiral Cove and offers some stunning bargains if you buy at auction.
 Resort Properties at Port Dickson Sold at Auction Because the value of Port Dickson 'resort' property has historically dropped significantly, Malaysian banks sometimes hold auctions of distressed property and some will not even lend on properties there. A recent bank auction was held by Ambank and buying at auction helps you find the true market price of property - what someone is actually prepared to pay for it locally.
The 'Banyan Curve' is going to cost you a lot more than other deals. For example, right next door and with a better beach, you can buy Freehold at the Glory Beach Resort in Port Dickson:
Selling Price: RM240,000
| |
|
|
| Tenure: |
Freehold |
| Title Type: |
Strata |
| Built-Up: |
950 sq ft |
| Asking Price: |
RM240,000 |
| Bedrooms: |
3 |
| Bathrooms: |
2 |
| Situated: |
Corner Unit |
| Facilities: |
Barbecue Area, Business Centre, Cafeteria, Gymnasium, Playground, Salon, Sauna, Swimming Pool, Wading Pool, Tennis Court |
You should always beware of 'guaranteed rental return' deals that make no economic or commercial sense. If a small, unknown developer is offering 'amazing' rental returns without a reputable Malaysian bank backing it and guaranteeing your rental income then you need to be especially wary.
Also, if you are thinking of buying a new development property in Port Dickson, remember to check the local prices, because otherwise you could end up paying much more than local or Singaporean buyers who have access to the true prices of 'water homes' in the resort.
One way to check if a property investment is worthwhile is to ask if local banks will provide mortgages on it. Most Malaysian banks will lend up to 80% on bona fide property develpments from reputable companies to suitably qualified foreign buyers. If a local Malaysian bank won't lend on it - then don't buy, even if you don't need to finance the purchase.
The table below, for example, shows the unit sizes and reserve prices from the latest auction of repossessed property at The Port Dickson International Marina Resort.
 Reserve Prices of Port Dickson Properties
Also, remember that overseas buyers must buy properties with a minimum cost of RM250,000 (about £35,000) in most states of Malaysia and you will need cash if you want to buy at auction!
Malaysian Property Partners offers a full and secure service for those wishing to buy at auction and provides free and impartial guidance to those considering 'off plan' investments.
Contact us for details
|
Located in the quiet and serene area of Jalan Chelagi. Read more...
A sizable home located in a serene and tranquil neighbourhood. Ideal for the discerning family Read more...
Indulge in this once-in-a-lifetime opportunity to own a luxury Freehold Town House in Bangsar's finest location. Read more...
