Penang is a Malaysian state located in the northwest of the Malay Peninsula. The state is divided into two parts: the first is on the island of Penang (the island is hilly and covered with dense vegetation), the second is on the coastal mainland. Both parts are connected by the Penang Bridge. The capital of the state is Georgetown with a permanent population of over 400,000 residents. Penang has an equatorial climate with virtually constant hot weather throughout the year. Administratively, Penang is divided into five districts: Northeast Penang, Southwest Penang, North Seberang Perai, South Seberang Perai. The state's economy is based on a developed tourism sector, electronics industry (the state is home to factories of such major electronics manufacturers as AMD, Intel, Motorola, Hotachi, Bosch and others), and trade activities (the deep-water port of Penang is one of the most important transit points in trade between Indonesia, Malaysia and Thailand.
Penang real estate represents developed individual residential construction (houses, cottages and villas with plots of land), residential complexes with apartments of different sizes and prices, commercial real estate (warehouses, office buildings, retail space, industrial premises). Penang developers are several dozen Malaysian and international construction companies that annually build new, modern residential and commercial real estate, as well as urban infrastructure facilities. Several hundred Penang real estate agencies and individual real estate agents specializing in real estate in the state and the city of Georgetown are constantly working in the state real estate market. They assist clients in buying, selling and renting real estate and ensure the legal purity of transactions.
Penang is visited annually by a large number of tourists from Southeast Asia and other countries. The state is very popular among beach holiday lovers, because the island has a large number of beautiful beaches with clean water. Lovers of cultural and historical attractions enjoy visiting the state capital, Georgetown, which has absorbed Chinese, Thai, Malay and Indian influences. One of the most important attractions in Georgetown is Fort Cornwallis, the largest fortress in the country, built in the 18th century. The city has a Penang Museum with historical exhibitions dedicated to important events that took place here. Investors who are considering buying real estate in Malaysia sometimes decide to invest in residential or commercial real estate in Penang and Georgetown. The investment attractiveness of Penang real estate is based on the large tourist flow, which makes the rental business very profitable, the annual growth in real estate prices, the relatively low cost per square meter of real estate, especially in the early stages of construction. Experienced investors turn to real estate market professionals - Penang and Georgetown real estate agencies to select an investment location, a reliable developer who delivers real estate on time, and a real estate property that meets the specified criteria. A good, qualified realtor will not only accompany the process of buying real estate, but also protect you from mistakes that lead to financial losses in the real estate sector.
On our website you can find ratings and reviews of Penang real estate agencies left by real estate buyers. Careful study of the reviews will allow you to form your own opinion about the advantages and disadvantages of real estate agencies, the level of qualification of specialists from different real estate agencies. This will allow you to make an informed decision about the possibility of cooperation with one of them.