If you’ve not heard, Malaysia property developer Eastern & Oriental Bhd (E&O) and Ikea have collaborated to come up with a fully furnished show unit for the soon-to-be launched executive apartments – The Tamarind – in Penang.
THE Penang property sector is expected to see some challenges going forward. Real Estate and Housing Developers’ Association (Rehda, Penang) chairman Datuk Jerry Chan expects another 30% decline in property transactions in 2015 from the 30% drop recorded in 2014.
My story on how I ended up in Penang began in the middle of the global financial crisis in 2009. I lost my upper-level management position and since I was “old”, try as I might, I probably won’t be able to find a decent job. Anyway I knew that social security would kick in soon, so that was when I started spending my time researching retirement destinations in Southeast Asia.
I found a host of locations like Hua Hin, Chiang Mai, Phnom Penh, Nha Trang and Penang where I could retire with a nice standard of living for far less money than was possible in the States. Excited by what I found, my husband and I made a spontaneous decision to sell what remained of our lives in the U.S. to establish ourselves in Southeast Asia. But rather than just relocating immediately, we set an initial budget of US$3,000 a month that permitted us to travel around countries in the region to conduct our “research”.
I just had breakfast with my daughter Milana. She’s just a year and 8 months old and has watched all my videos. She can’t talk yet but I can tell how she always roots for me to do my best and get the best deals.
Now rewind to a few years back, the Quayside development in Penang was so hot, it’s hard to even get through the lines. Fast forward to June 2014, I met Christina, the developer to pitch for the chance to market the final and most exclusive tower in this amazing development. And when she said yes, I smiled with great happiness because this is a developer who work so hard to create a stunning development that will never be replicated by anyone.
So to show you how much I love this development, I did another video on the project entitled – No Place I Rather Be
Writing from the heart and if you’re looking for a home, you will fall in love. If you are going to invest, you will fall in love and make lots of money in the long run.
Thanks for reading.
Property Pinpoint Real Estate Video Blog #3 – 22nd Oct 2014
There are certainly many choices when it comes to living the Southeast Asia lifestyle – Singapore, Kuala Lumpur, Phuket, Bali, Nha Trang, Manila and many more. All have the tropical climate, food, and unique culture that make Southeast Asia exotically attractive. So what makes living in Penang better than other Southeast Asia destinations?
With sunny weather, affordability, English-speaking locals, and the Malaysia My Second Home residency programme, George Town, Malaysia is ranked the third best place to retire by Live and Invest Overseas in its 2014 Retire Overseas Index.
Named after Britain’s King George III, George Town is the capital of the state of Penang and was listed by UNESCO in 2008 as a World Heritage Site for its colonial charm. With a population of around 740,000, it is small enough that it’s easy to make friends and meet people, yet big enough for health care that meets international standards and easy availability to goods and services.
Moreover, this is a paradise for food lovers and, all things considered, one of the most livable cities in Southeast Asia.
Aside from this, Portugal’s Algarve was named as the best place to retire followed by the colonial city of Cuenca in Ecuador. Chiang Mai in Thailand and Dumaguete in Philippines took the fourth and fifth spot respectively.
Located on northern most tip of the island, Seri Tanjung Pinang is the largest master planned seafront development in Penang. This affluent community will join an elite list of world-class waterfront living enclave that includes The Palm Islands in Dubai, Sentosa Cove in Singapore, and Sanctuary Cove in Australia.
The range of condominium options that Penang has to offer can easily bedazzle buyers and one could find buying a confusing process. Thus I have come up with the most complete top 10 tips that will outline what you should look out for when buying in Penang.