Here – Penang is a little state in Malaysia located near the Malaccan Strait that provides an enthralling combination of the East and West culture. It has adapted to Western influence while at the same time has managed to retain its culture and age-old traditions. This can be seen in its state of the art sky scrapers and well-preserved historic buildings. If you want a taste of Penang history then you only have to go to George Town. It is home to various heritage buildings that are being carefully preserved by the people. In fact it is included as a UNESCO World Cultural Heritage Site. Because of Penang’s many attractions Penang property has steadily climbed up in value through the years.
If you are thinking of buying Penang property then let me give you 3 reasons why you should invest in one.
First, Penang is currently enjoying a positive economic outlook. Because of its growth in the electronic industry Penang’s economy is thriving. This is why it is called the Silicon Valley of Asia. In fact, out of all the states in Malaysia, it comes 3rd in terms of economic growth. In 2005 Penang was acknowledged as the Multimedia Super Corridor Cyber City of Malaysia. This upward economic trend is a good thing for investors. If you buy real estate in Penang now then chances are that same piece of property is going to be worth so much more. So you can either choose to sell it for a profit, have it rented or hold on to it.
Second, Penang is a great vacation. If its nature you want it has beautiful beaches and lush tropical forests. Plus the weather is sunny all year round. Here in Penang everyday feels like summer. You will never have to endure and suffer through the cold bite of winter ever again. If you are a history buff then you can put on your walking shoes, beach hat and sun glasses and take a leisurely stroll through the delightful streets of George Town. This place has been so carefully preserved you will feel like you have been transported back in time.
Third. Penang is known as the food center of Malaysia. If you are a food lover (which most people happen to be) then you will definitely enjoy staying in Penang. Its food ranges from gourmet cuisine to delightful street dishes. Because of the diversity of racial groups that have resided in Penang, eating here has become an adventure. The myriad of tastes and exotic flavors will scintillate and tease your senses and leave you begging for more.