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Buying house or land?

Buying a pre-built house or a piece of land to build the house on?

This questions has been bugging us for quite some time. PiggyBeng and my father in law have been scouting for houses for quite some time but they have yet to find something suitable. FIL is contemplating to find empty land for sale for quite sometime but so far there isn’t any good piece available.

The reason why both of them wanted to look for lands instead of houses is because they wanted to have a huge area and not a huge house. Penang, being a small place and land is scarce, a good piece of land don’t come cheap too.

  

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