Penang, Malaysia

Penang is a small state in western Malaysia, comprised of a portion of the mainland plus Penang Island. It is extremely popular among expat retirees for its world class healthcare, modern amenities, high English proficiency, all while being incredibly affordable. Malaysia also offers a 10-year MM2H Visa option for retirees. Real estate sale prices are not cheap compared to rental rates, so buying may not be the best option if you just want an affordable place to live. Nevertheless, for some it will make sense so let’s take a look at what you can buy…

#1 List Price: MYR 550,000 (~126,000 USD)

  • Type – Condo (Freehold)
  • Bedrooms – 4
  • Bathrooms – 2
  • Square Feet – 1270 (118 sq m)
  • Parking Spaces – 2
  • Projected Annual Gross Rental Return – 3-4%
Main balcony view
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Location is adjacent to the international airport, first and second bridge, and the Free Trade Zone where factories are located. High density location guaranteeing a good return on investment be it rental or capital returns.
Serena Tan
Penang Property Angel

#2 List Price: MYR 1,080,000 = 247,000 USD

  • Type – Condo (Freehold)
  • Bedrooms – 3
  • Bathrooms – 2
  • Square Feet – 1372 (127 sq m)
  • Parking Spaces – 2
  • Projected Annual Gross Rental Return – 3-4%
  • Fully Furnished
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Prestigious marina/township location developed by E&O Property which is a renown developer. Good rental return in an expat location. Has further reclamation (2 islands) nearby providing reassurance for future capital growth.
Serena Tan
Penang Property Angel
whatcanyoubuy

#3 List Price: MYR 2,900,000 = 663,000 USD

  • Type – Condo (Freehold)
  • Bedrooms – 4
  • Bathrooms – 4
  • Square Feet – 3135 (291 sq m)
  • Projected Annual Gross Rental Return – 3-4%
  • Fully furnished + international artworks and antiques
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Location is adjacent to high end resorts like Rasa Sayang Resort and Spa and the beaches along Batu Ferringhi which is Penang's tourist belt. Duplex penthouses are rare and command a certain demand for those who have the budget.
Serena Tan
Penang Property Angel
  • Foreigners can buy certain real estate ​with a minimum price of RM 1,000,000 (~231,000 USD)​, while MM2H visa holders may buy real estate with a minimum price of RM 500,000 (~116,000 USD)​
  • There is a tax on the profits from a property sale based on how long the seller owned the property. Generally speaking, this tax will be less than 5% if the property was held for more than 5 years. There is no sales tax charged to the buyer nor any annual property tax.
  • For more information, contact Serena Tan of Penang Property Angel.