Malaysia is a very popular destination for medical tourism. In 2019 alone, Malaysia received 1.3 million medical tourists. (Info Source: mhtc.org.my) It means non-Malaysians travel to Malaysia to get great medical care and doing things a tourist do as well. Visiting interesting places, eating amazing food and enjoying the sights, sounds and our beautiful country.
My brother and my two brother-in-laws are still in Penang and all three are engineers. All three has every intention to continue to be in the engineering field in Penang. All three has more than one property and are all contributing to the economy of Penang wholeheartedly too. I think there are many well-planned Free-Trade-Zone parks which has been supporting the state’s economic growth. We now have another one known an Penang Technology Park @ Bertam. It will be spearheaded by a local property development outfit; Ideal Property Group.
A long time ago, some people said that instead of building KLIA, the government should just focus on expanding the Subang airport. Fortunately, the plan for KLIA proceeded because the Prime Minister then just went ahead. Haha. Today, KLIA is said to need future expansions too especially when we look at the sudden increase in passengers and suddenly everyone needed to wait for hours to pass the immigration.
Recently, the National Property Information Centre (NAPIC) published statistics showing that there were a total of 188,000 property transactions worth RM84.4 billion within the H1 2022 alone. For many years, the total transactions in the second half was higher. If we have the same trend for 2022, then it means that the total transactions would be more than just a double of the H1 2022 number.
I bought my first high-rise unit in 2003. It was then followed by another high-rise and another and well, high-rise units in 6 cities / towns in Malaysia. I only bought my first landed property in 2020 yeah. So, 17 years of just high-rise units. Did I have any price appreciation at all? Haha. When I speak in any events in the future, do ask me yeah. Will tell you all about it. In the mean time, let’s look at actual numbers from iProperty.com.my’s latest media release.
I have asked this question during many of my talks. “What is the minimum size for a home which you will feel comfortable with?” The answers have yet to be 450 sq ft and below. It’s 450 sq ft or higher. I do think for Malaysians, we would always be able to find such space in our homes except if we only want to stay in certain engihbourhoods.
Perfect Property for me is not waiting until it comes along
Penang will host a new Mitsui Outlet in the near future
Property Investment? Maintenance fees are also forever…
Buying renovated property? Here are 3 advantages
Higher interest rates means higher or lower property prices?
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