Let’s answer this question at the end yeah. “With IKEA coming, should I buy a property nearby?” For now, let’s just celebrate this piece of news. IKEA Penang is recruiting and they need 200 new positions at its Batu Kawan Penang store. For those who do not know who is IKEA, it’s my favourite store. Earlier article here: IKEA was packed to the brim, still. They hail from Sweden and loved by many cafes too, not just residential home owners. The available jobs in their IKEA Batu Kawan store? Full-time and part-time vacancies, including roles in sales, customer relations, food and beverage, logistics and warehouse. In a statement today, IKEA said a walk-in interview session will be carried out from July 27 to 29 at The Light Hotel in Seberang Jaya, Penang from 9am. Full article in TheEdgeMarkets here.
IKEA Penang opening in 9 months time. New catalyst?
Okay, now to answer that question of whether one should buy a property nearby. IKEA Batu Kawan should be popular, that’s for sure. However, one does NOT need to stay nearby to go to the store because they do not need to go to the store everyday. Secondly, these visitors, even from out of town may not prefer to stay in Batu Kawan area because Penang island has lots more to offer, at this moment. Third, IKEA’s total staffs are not mostly expats. Thus, the sudden surge in demand for high-end homes will not be there. Of course, there will be more demand for homes since they would have slots for 200 workers. Is Batu Kawan a promising place to stay? This is a decision that one must make for themselves yeah. Drive around, understand what’s available and what’s coming up. Include IKEA into the equation as a plus point. It should not be the MAJOR point yeah. Happy visiting IKEA first.
written on 18 July 2018
Next suggested article: Renovation gets higher returns?
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