Buying property is no stroll in the park


What do people consider when purchasing a home or investing in a property? Normal people have to rely on professional advice, since this is not something they do often; and the things they have to consider are numerous, and many are place-specific.

Penang is in a property boom at the moment with a record number of development projects being found on both the island and the mainland. This trend will most likely continue into the foreseeable future, and a tight supply of completing properties and an increase in population is expected over the next few years.

It also helps that Malaysia is one of the few countries that allow non-citizens to purchase property outright, be it freehold or leasehold. Investors also have a choice of buying either a landed or stratified property, and directly from developers or in the sub-sale market.

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