Buying Property in Penang: The Definitive Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

Malaysia was the only country that qualified into the list “the best countries to retire in as a foreigner”, made by Forbes.

When foreign property buyers look for real estate in Malaysia, Penang is one of the prime options. Here, you have access to newly built condominiums, as well as villas.

Property prices are significantly lower than the major cities in Australia, Mainland China, but also in Singapore and Hong Kong.

Before you buy property in Penang, it’s important that you get your feet wet and learn about local buying regulations, where to buy property, and more.

Topics covered in this article:

  • Minimum Property Investment Requirements in Penang
  • Where should I buy property in Penang?
  • Penang Real Estate Agents

Minimum Property Investment Requirements in Penang

The Malaysian Government has introduced minimum investment requirements as protective measures to protect local property buyers.

As described in my separate article about buying property in Malaysia, foreigners need to pay a minimum amount that differs between states. Continue reading Buying Property in Penang: The Definitive Guide

Top 4 Areas to Live in Penang: A Guide for Retirees & Expats

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Penang is a charming island with an old cultural heritage, located in the Northwestern parts of Malaysia. It’s one of the top choices when foreign retirees and expats decide to settle down in the country.

It’s not strange that Penang has been voted as one of the top 10 destinations to retire in the world as living costs are low, the weather is great, and you can enjoy one of the best cuisines in the world.

Worth mentioning is that Malaysia was voted as the fifth best country to retire in 2018 according to Forbes, where Penang is undoubtedly a big contributor.

In this article, I explain which areas are most popular among expats, retirees, and other foreigners in Penang at the moment. If you find it hard to decide whether you should buy or rent real estate in Penang, you can find valuable information at the end of the article.

Where do most retirees and expats stay in Penang?

The Northern parts of Penang have been the preferred place for foreigners since long back.

You can find more leisure activities and points of interest compared to the Southern parts, especially in areas of Georgetown to Batu Ferringhi. Some examples are the colonial buildings and local architecture, the Botanical Garden, Penang Hill, Penang National Park, and more.

The Southern part is more local and less expensive, but has gained more traction among real estate buyers and long-term renters, and should also be of interest (more about that later).

1. Gurney Drive

Continue reading Top 4 Areas to Live in Penang: A Guide for Retirees & Expats

Property for Sale in Penang: 6 Interesting New Projects & Launches

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Penang is one of the most sought-after destinations for families and retirees in Asia. It’s been voted as one of the most livable places in the world numerous times, offering low living costs, great healthcare, tasty food, and a comfortable climate.

In this listing article, you’ll find interesting new property projects and launches in Penang, including condos, villas, and apartments.

The article is updated on a regular basis, and with explanatory information on how it works when buying property in Penang.

If you have any information or recommendations about new interesting projects, you can contact us and we will do a review.

Viewing the projects and surrounding areas in Google Maps (Street View)

To check the projects and surrounding areas in Street View, simply zoom in on the area of the marker and pull the orange-colored Pegman to the marker, or nearby areas. To go back to Google Maps, press the arrow in the top left corner.

Latest Update: 2018-10-07

Continue reading Property for Sale in Penang: 6 Interesting New Projects & Launches

Top 5 Places to Live & Invest in Malaysia Real Estate

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Malaysia continues to attract foreigners and expats who wish to either settle down or finding a retreat in Southeast Asia.

Snapping the first place in our property index, it’s hard to talk badly about Malaysia as a real estate investment destination.

Thankfully, Malaysia has a lot of interesting destinations to choose from, all with different benefits and temptations. So the big question is: Where should you buy it?

I’ve been to Malaysia numerous times and decided to write this article where I list the 5 best places to buy real estate in Malaysia.

1. Kuala Lumpur

kuala-lumpur

Kuala Lumpur tops the list of places to buy real estate in Malaysia for several reasons.

Continue reading Top 5 Places to Live & Invest in Malaysia Real Estate

Top Property Management Companies in Malaysia: A Complete Guide

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Buying a property is just your first undertaking, oftentimes, you need to find a company to look after it for you.

Finding tenants, managing maintenance, and collecting rents are just some of the services that need to be taken care of.

Luckily, you can find plenty of property management companies in various parts of Malaysia that can help you.

In this article, I present some of the biggest and most popular property management companies in:

  • Kuala Lumpur
  • Penang (Georgetown)
  • Johor Bahru

Kuala Lumpur

Below I’ve listed property management companies in Kuala Lumpur.

1. ARE Property Management

ARE Property Management is a fairly new company, founded in 2013 by MK Chen. It’s a small company offering services with a personal touch.

Services offered

The company offers comprehensive packages with leasing, management, and maintenance services. Some examples are tenant management, marketing, screening of prospective tenants, and more. They mainly focus on rental services.

Address

Suite A-05-07, Plaza Mont Kiara, 50480 KL, Malaysia

Continue reading Top Property Management Companies in Malaysia: A Complete Guide

Top Conveyancing Lawyers in Malaysia: The Definitive Guide

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Malaysia is one of the prime spots when foreigners decide to buy property in Southeast Asia, it’s not strange as it’s probably the most foreign-friendly country in the region when it comes to buying property.

Even if you’re not legally required to hire a property solicitor, also referred to as a conveyancing lawyer, it’s highly recommended to assure that the process works smoothly and to avoid unforeseen issues later.

But it’s virtually impossible to find summarized information about conveyancing lawyers in Malaysia, therefore I’ve written this article where I present some of the biggest and most popular firms.

Kuala Lumpur

Below I’ve listed conveyancing lawyers located in Kuala Lumpur.

1. Azman Davidson & Co

In 1981, in Ipoh, Perak, Azman & Co., and the Ipoh office of Lewis & Co. merged to form Azman, Davidson & Co. Lewis & Co. was named after its original senior partner JMM Lewis.

The firm was known for representing the major players in the mining industry. On the other hand, the firm of Azman & Co was named after its founder, Dato’ Syed Azman bin Syed Mohamed.

Right after the merger, the firm opened the branch in Kuala Lumpur. Over time, Azman Davidson & Co in Kuala Lumpur emerged from a one-person company to one of the biggest mid-size firms in the country with 40 lawyers and 50 supporting staff. Most of the partners in the firm are from Southeast Asia.

The current managing partner is HY Chong, who has been with Azman Davidson & Co since 1991. He specializes in real estate, corporate, commercial, and insolvency.

Services offered

Continue reading Top Conveyancing Lawyers in Malaysia: The Definitive Guide

Top Real Estate Agencies in Penang: The Ultimate Guide

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Penang has been ranked as one of the most livable and price-worthy places to be in the world. Naturally, a lot of foreigners, like American retirees, Asians, Europeans, and Australians decide to relocate here.

If you decide to buy property in Penang, you’ll see that you have a number of agents to choose among. That’s why I decided to make things a bit easier and wrote this article.

Let’s have a look at some of the biggest and most popular agencies in Penang.

1. Penang Properties

Penang Properties has been in the real estate industry for years and is one of the biggest real estate agencies in Penang. The company has 25 employees and is currently headed by Jeffrey Yeoh Jin Hau, that has over 25 years of experience in real estate. Continue reading Top Real Estate Agencies in Penang: The Ultimate Guide