April 7, 2008
Penang real estate on the rise thanks to MM2H
I wrote about MM2H once before but am still keeping track of it because my wife and I would love to have a vacation home in Malaysia at some point in the future.
Some Malaysians recently recommended buying property in KL. They think real estate there is going to rise sharply. This article talks about how real estate in Penang has risen sharply, thanks largely to foreigners buying property through MM2H.
Personally, I wasn't too impressed with Penang. The resort was nice but the beaches and the city weren't real special for me. And you can find a nice resort anywhere, like Plantation Bay.
But I'm not so sure about KL either. I could see buying there as an investment but I think I want my vacation home closer to the beach than the city. Or if not the beach, something natural.
Posted by James Trotta at April 7, 2008 4:09 AM | TrackBack