Where is the best place to look for a luxury property for rent in Penang Island, Malaysia
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.
Residential properties such as apartments or flats can come with 1 to 5 bedrooms and can be furnished and include services like cleaning and the cost of utilities such as water and heat.
Houses come in a variety of configurations such as detached homes which is a standalone property, and usually private, semi-detached houses which are two homes joined side-by-side and terraced houses which are a row of connected homes.
Bungalows are single-story houses, townhouses or row houses are multi-story homes that share walls with neighboring units, and condos (Condominiums) are privately owned units in a building or complex, with shared amenities.
Commercial properties include offices, retail spaces such as shops, warehouses suitable for storage and distribution facilities, industrial units for manufacturing, assembly, or heavy industry businesses.
Other commercial properties also include restaurants or cafés that come with necessary equipment or licenses. Deciding where is the best place to look for a luxury property for rent in Penang Island, Malaysia will depend on your needs, budget, and preferred location.
