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Location	All Air Hitam Bagan Jermal Balik Pulau Batu Ferringhi Batu Maung Batu Uban Bayan Baru Bayan Lepas Bukit Gambir Bukit Jambul Farlim Fettes Park Georgetown Glugor Greenlane Gurney Jelutong Jesselton Lembah Kuda Paya Terubong Permatang Damar Laut Pulau Tikus Relau Sungai Ara Sungai Dua Sungai Nibong Taman Free School Tanjung Bungah Tanjung Tokong Teluk Bahang Teluk Kumbar
Type	All Single Storey Bungalow Single Storey Cluster House Single Storey Link House Single Storey Semi-D Single Storey Terrace House Single Storey Town House 1 1/2Storey Bungalow 1 1/2Storey Cluster House 1 1/2Storey Link House 1 1/2Storey Semi-D 1 1/2Storey Terrace House 1 1/2Storey Town House 2Storey Bungalow 2Storey Cluster House 2Storey Link House 2Storey Semi-D 2Storey Terrace House 2Storey Town House 2 1/2Storey Bungalow 2 1/2Storey Link House 2 1/2Storey Semi-D 2 1/2Storey Terrace House 3Storey Bungalow 3Storey Link House 3Storey Semi-D 3Storey Terrace House 3 1/2Storeytorey Link House 3 1/2Storey Semi-D 3 1/2Storey Terrace House Apartment Condo Flat Service Apartment Super Condo Single Storey Shop House 2Storey Shop House 3Storey Shop House 4Storey Shop House Bungalow Office Block Office Lot Shop Lot Hotel Resort Single Storey Prewar House 2Storey Prewar House 3Storey Prewar House Factory Warehouse Agriculture Land Bungalow Land Commercial Land Development Land Industrial Land Vacant Land
Price Range	All below 100k 100k - 200k 200k - 500k 500k and above

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Location	All Air Hitam Bagan Jermal Balik Pulau Batu Ferringhi Batu Maung Batu Uban Bayan Baru Bayan Lepas Bukit Gambir Bukit Jambul Farlim Fettes Park Georgetown Glugor Greenlane Gurney Jelutong Jesselton Lembah Kuda Paya Terubong Permatang Damar Laut Pulau Tikus Relau Sungai Ara Sungai Dua Sungai Nibong Taman Free School Tanjung Bungah Tanjung Tokong Teluk Bahang Teluk Kumbar
Type	All Single Storey Bungalow Single Storey Cluster House Single Storey Link House Single Storey Semi-D Single Storey Terrace House Single Storey Town House 1 1/2Storey Bungalow 1 1/2Storey Cluster House 1 1/2Storey Link House 1 1/2Storey Semi-D 1 1/2Storey Terrace House 1 1/2Storey Town House 2Storey Bungalow 2Storey Cluster House 2Storey Link House 2Storey Semi-D 2Storey Terrace House 2Storey Town House 2 1/2Storey Bungalow 2 1/2Storey Link House 2 1/2Storey Semi-D 2 1/2Storey Terrace House 3Storey Bungalow 3Storey Link House 3Storey Semi-D 3Storey Terrace House 3 1/2Storeytorey Link House 3 1/2Storey Semi-D 3 1/2Storey Terrace House Apartment Condo Flat Service Apartment Super Condo Single Storey Shop House 2Storey Shop House 3Storey Shop House 4Storey Shop House Bungalow Office Block Office Lot Shop Lot Hotel Resort Single Storey Prewar House 2Storey Prewar House 3Storey Prewar House Factory Warehouse Agriculture Land Bungalow Land Commercial Land Development Land Industrial Land Vacant Land
Price Range	All below 500 500 - 1,000 1,000 - 2,000 2,000 and above

Auction Date	All 2012-03-06 2012-02-15 2012-02-14 2012-02-08 2012-02-01 2012-01-31 2012-01-25 2012-01-17 2012-01-11 2012-01-03 2011-12-14 2011-11-23 2011-11-22 2011-11-02 2011-11-01 2011-10-25 2011-10-18 2011-10-05 2011-09-27 2011-09-21 2011-09-14 2011-09-13 2011-09-07 2011-09-06 2011-08-24 2011-08-16 2011-08-10 2011-08-02 2011-07-20 2011-07-13 2011-07-12 2011-07-05 2011-06-28 2011-06-22 2011-06-08 2011-06-07 2011-06-01 2011-05-31 2011-05-24 2011-05-18 2011-05-10 2011-04-26 2011-04-20 2011-04-06 2011-03-09 2011-02-23 2011-02-09 2011-02-08 2011-01-19 2011-01-18 2011-01-05 2011-01-04 2010-12-14 2010-12-09 2010-12-08 2010-11-30 2010-11-24 2010-11-10 2010-11-09 2010-10-26 2010-10-13 2010-10-12 2010-10-06 2010-09-29 2010-09-15 2010-09-01 2010-08-25 2010-08-23 2009-04-11 2008-12-15 2008-11-15 2008-09-06 2008-08-21 2008-04-18 2008-04-05 2008-02-02 2007-12-13 2007-09-22 2007-08-20 2007-08-18 2007-08-17 2007-07-16 2007-06-16 2007-05-19 2007-03-24 2007-02-10 2006-11-24 2006-11-18 2006-10-16 2006-09-16 2006-09-15
Bank	All ABN Bank Am Bank CIMB Bank EON Bank High Court Auction Hong Leong Bank Maybank Private Auction RHB
Location	All Air Hitam Bagan Jermal Balik Pulau Batu Ferringhi Batu Lanchang Batu Maung Batu Uban Bayan Baru Bayan Lepas Bukit Jambul Bukit Mertajam Butterworth Fettes Park Georgetown Gertak Sanggul Glugor Gurney Jawi Jelutong Kepala Batas Komtar Kulim Lembah Kuda Nibong Tebal Other Paya Terubong Permatang Pauh Prai Pulau Langkawi Pulau Tikus Relau Seberang Jaya Simpang Ampat Sungai Bakap Sungai Dua Sungai Nibong Sungai Petani Sungai Pinang Sungai Puyu Tanjung Bungah Tanjung Tokong Teluk Bahang Teluk Kumbar
Reserved Price	All below 100k 100k - 200k 200k - 500k 500k and above

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Malaysia’s GDP growth registered 4.5% for the last quarter 2009 after 3 quarters of consecutive contractions.  The official growth forecast for 2010 is about 5%.  Some analysts are even more optimistic with projections of between 7-8% on the back of rising exports fuelled by higher commodity prices and domestic demand.  The March 30th announcement of the new economic model (NEM) has brought in fresh hopes and aspirations to take Malaysia to a high-income nation with per capital income of USD15,000 from the current USD7,000 by 2020.  In the recent World Competitiveness Yearbook (WCY) by the Swiss-based Institute for Management Development (IMD), Malaysia has been ranked one of the top 10 most competitive nations among 58 economies.

New launches over the last 6 months have been reported to be successful.  For example, in the city of Kuala Lumpur, projects such as the St. Mary’s serviced apartments, Sky Residences and Verticas Residensi saw good responses from both the local and foreign market.  Similarly in Mont’Kiara, the One Kiara freehold project was also very well received.  In Penang, IJM’s well-conceptualized Pearl Regency and the Light Collections residential developments have received remarkable market support whilst the Quayside at Tanjong Sri Pinang have also similarly reported brisk sales. 

Although most investors are cautiously optimistic of the market, the residential sector has indeed picked up significantly form the depths of the recession in the first half of 2009.  While, a lot of transactions are locally-driven, some lesser informed foreign investors are observed to be sitting on the sidelines, waiting to be cajoled that Malaysia has much to offer.  A resurgence of foreign demand similar to the 2006 to 2007 period is yet to be seen.  In this respect, an effective national strategy to promote Malaysia as the preferred real estate destination is still the sine-qua-non.  Malaysia has many obvious advantages over its immediate neighbours in the competition for foreign real estate investment.  Thailand’s political situation is worrying while Singapore was rated the world’s 10th most expensive cities for both locals and expatriates.   Malaysia is anticipated to emerge as the “poster boy” in the competition for foreign real estate investment given the right business strategy.

According to ING’s quarterly ING Investment Dashboard Survey, Malaysian investors’ confidence rose to 146 in Q1 2010 from 139 in Q4 2009.   The overall market sentiment is more positive since both foreign and Malaysian investors’ confidence is back, thus reaffirming the country’s envious ‘optimistic” position.  Prices of real estate in Penang as a whole held well in 2009.  There were no “fire sales”.

With ample liquidity among investors and the negative real returns from bank deposits, property have proven to be clearly a preferred choice for investments.  Investors who have benefited from the recovery of the stock markets are also now observed to partake more actively in property investments. 

 

In Penang, the recent conferment of the UNESCO World Heritage status on George Town has also attracted many investors to consider the Island State as a location of choice. 

Compared to the region, Malaysia generally remains a very competitive location as it is one of the most “value-for-money” real estate destinations.  This makes Malaysia an affordable and attractive choice compared to other countries which are too expensive or lack the necessary infrastructure.
The allure of Penang’s real estate offerings has resulted in attracting more foreign investors this year.  Most of them are working expatriates, Malaysia My Second Home participants, overseas students and retirees. According to FIC data, the number of properties purchased by foreigners in Malaysia formed only 2.5% of total number of properties transacted (RM2.3 billion) nationwide in 2006, making up only 12.3% of total value of transactions.  Penang’s vote as the 8th most liveable city in Asia, on par with KL and Bangkok by ECA International has also created further excitement and a sense of belonging for foreigners seeking a 2nd home.  

 

Most people consider Malaysia to have an exceptional long term growth potential for real estate. Maria Hann of Retirement Today (www.retirement-today.co.uk), ….. could not have put it in a better way ….. “Penang is perfect for property investment”.