Cheap Investment Real Estate For Sale in Penang Island, Malaysia
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods, and buying a cheap property means less financial outlay at time of purchase.
In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
Penang Island is located on the northwest coast of Peninsular Malaysia, facing the Strait of Malacca, and part of the state of Penang. The island itself and a mainland area called Seberang Perai, are connected by two major bridges being the Penang Bridge and the Sultan Abdul Halim Muadzam Shah Bridge.
Penang's luxury real estate market has shown steady appreciation due to limited land availability and strong demand for island properties from countries such as China, United States, Singapore and Hong Kong.
Property in Penang Island, Malaysia can increases in value over time
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of cheap investment real estate for sale in Penang Island, Malaysia, such as properties that are residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development, but buying at a cheaper price than listed is an aim of all investors.
