Property in Penang

A fascinating fusion of the East and West, Penang embraces modernity while retaining its traditions and old world charm. These are reflected in its harmonious multiracial populace and well-preserved heritage buildings which led to George Town being accorded a listing as a UNESCO World Cultural Heritage Site recently. Long regarded as the food capital of Malaysia, Penang also entices visitors with its beautiful coasts and scrumptious cuisines. This is the first time that cultural sites in Malaysia have been inscribed into Unesco’s prestigious World Heritage Listing. Unesco Listing Likely To Push Up Property Prices In Penang & Malacca

Despite the tough economic climate, investing in the property market in Penang is still a solid option. Property prices in the state would always go up because land was limited. Many foreigners choose to retire in Penang because the cost of living here is low, the local food is delicious, the cultural heritage is rich, the scenery is beautiful and medical facilities are very advanced.

Hot locations to buy:

1)     Georgetown

2)     Matu Maung ( 2nd bridge)

3)     Gurney Drive

4)     Tanjung Bungah

5)     Batu Ferringhi

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