Penang- the rising star on the map of Malaysia
Many leading developers of Malaysia are making way to Penang, the picturesque island that offers every person an ideal place to sustain life calmly. Although many islands are present in Malaysia, but Penang is one that has many things to offer. Basically, the place is divided into two main parts- an outer hilly region and an inner forested region. Saying that Penang is like a valuable jewel in the garland of real estate malaysia will not be exaggerating.
Even though the land prices come with a premium tag, but developers overseeing this fact are taking a strong step towards developing newer and better projects here. Many high-end residential projects being undertaken at areas like Tanjung Bungah, Batu Ferringhi, Queensbay and the Gurney Drive are a practical example of this that has added ample value to Penang real estate.
Also, buyers can invest on landed homes that are being offered by leading developers at Penang. If a buyer is not sure, what they can do to save from any losses later, they can take the service of real estate agents. These professionals being aware about the local property market in Penang can help significantly. Also, opting for homes by developers who enjoy a strong reputation and have a good past record in the market can save buyers from the many after effects.
You may be wondering that the scene is good today, but what about tomorrow? Then you can stay calm, as most analysts are confident that penang real estate has many areas still left unexplored. The room to grow here is still unlimited. The influx of developers from all over is a very supportive example of this truth.
As per stats, property prices in 2012 are likely to move up in not just Hong Kong and Singapore, but also Penang is expected to emerge as the new rising star in Malaysia. The value this island has earned in the recent past is very much for the same being categorised as a hot tourist spot that is a favourite among people coming here from all over the world.
The infrastructure here is still in the development stage, but what the island offers is rich cultural heritage and a slower pace of life, which most people out there crave for in current times. Also, people immigrating from abroad; find the cost of living at Penang very affordable. Unlike Phuket and Bali, those are the two famous tourist spots in Asia; foreigners in Penang get more room to enjoy, but while spending lesser money. Also, the MM2H program has further proved a driving force, which has helped Penang emerge as the second place with most number of retirees in Malaysia.
Not just Malaysians, but even foreigners at Penang can easily make an investment in real estate by completing some simple paperwork. So, seeing what all Penang has to offer to you as a future buyer it’s no less than a golden opportunity to invest on this island.
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