Searching for Penang Property? Here Are Some Helpful Advice for Foreign Investors

Investors throughout the world are looking at investing in Malaysia properties for a multitude of reasons.

You will find that doing business in Malaysia is easier compared to other states with Malaysia coming in 6th place by the World Bank in Ease of Doing Business Report 2014.

You will also be avoiding any natural disasters which makes it a great target for investors and for people in the region looking to settle down in a coastal area.

Penang it’s self is located on the Northwest coast and you should know it’s broken up into two different areas the Penang Island and the Seberang Perai which is on the mainland. Penang is actually the second smallest state of Malaysia after Perlis. Penang is known for its tropical climate with temperatures ranging from 23 degree to 32 degrees Celsius.

Lacking in size has not slowed Penangs development. The beach fronts and islands have become a spot for tourism and housing growth. One must take a drive on the Penang Bridge which connects the main land and Penang Island which until recently was the only driving option to the island. With the boom in Penang at this time The Second Penang Bridge was just opened on March 1st, 2014 connecting the southern part of the island.

You will also find now is the time to do seriously consider a search for Penang properties. Just in 2014 the Malaysian government raised the requirements for purchasing a Malaysia property from MYR500,000 per unit to MYR1 million per unit. You will find that the MM2H migration program has had no changes but is something to look out for in the near future.

Penang has a few popular areas to live in but a couple to check out are Penang Hill, Minden Heights along with Jelutong. You will find in these area’s plenty of larger condos available with many new buildings been put up at this time. The high rise condominiums are become popular for their spectacular sea views. During a search you will also find many terraced homes and partial detached houses for those looking for more private quarters.

With European and Asian investors flocking to Malaysia don’t wait to find out if Penang and Malaysia is for you.