Many buyers from foreign lands are now investing on residential properties in Penang and especially are buying apartments in this island. The reasons behind this are many. While some may describe the same as an affordable deal, still others are influenced by the calm lifestyle; this pearl of the orient can bestow them with.
Why buy an apartment Penang is a question that many may have on mind. This article here has tried to throw light on just this fact. The first reason most consider as the primary one is the affordability factor. Although there has been rapid appreciation in the price of properties in Penang, but when considered from the westerners point of view, this still remains manageable. The growing demand that is a major factor further assures any investor that whatever they are investing on today is bound to give them great returns tomorrow.
Penang Real estate is not just affordable, but the overall cost of living is what any average income person can easily meet the expense of. When considered the overall life, whether its entertainment or dining at the best restaurants, when measured in western equivalent, anyone would find it simply affordable.
Any person coming from outside, finds it cheaper to invest on properties in this island. Also, when compared to the property prices in places like Hong Kong, Singapore, Shanghai and more, Penang seems the most lucrative one that offers affordability like no other place. The rapid influx of people from Europe, Japan and Australia that are coming here to participate in the MM2H or Malaysia My Second Home Programme is a living proof of this increasing popularity of Penang.
Delicious local food, welcoming nature of localities, richness of culture, many monuments that are like a perfect picture of the rich past, picturesque beauty and advanced medical facilities are just few other reasons, that drive people to invest in Mudah Penang.
With ample legal support, that is clearly visible in the ten year renewable social visit pass offered to the MM2H residents alongside a multiple visa entry makes it even more attractive. Also, investors have freedom to bring in their own car or buy another one at Malaysia at no tax. The ease of taking up jobs on contract or starting a new business or undertaking investment ventures helps any foreigner in taking this big decision without much thinking.
The lovely climate and the beautiful beaches are other important factors that are enough to lure any buyer to live at this calm island after retirement away from lifes hassles. The facilities on the island are also excellent and are at par with any developed country in the west. Lately, the survey which said that Penang is amongst one of the top 10 places that one must visit in their lifetime is another feature that has created that inquisitiveness among foreigners who seek for such beautiful place for living.
Penang is a perfect blend of tradition with modernity and requires making no comprises in any aspect. So, why still wait for this is like a sound investment, you can make in real estate Malaysia that will offer a change in lifestyle with returns that you can enjoy not just today, but for many more years to come.