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Penang
Sept 8, 2007 16:41:26 GMT 7
Post by Wanderlust on Sept 8, 2007 16:41:26 GMT 7
Just wondered if anyone here has dreamed of retiring in Penang? Thoughts?
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Penang
Sept 8, 2007 21:31:59 GMT 7
Post by globetrotter on Sept 8, 2007 21:31:59 GMT 7
Haven't considered it myself, but was speaking to some friends who've lived there for a good while (talking in decade terms). They were saying that where they live used to be considered the boon docks, and now (they haven't moved), it's a highly desirable area. Prices have rocketed, over time, and the island is (I think they said) the 2nd most expensive place to buy houses in Malaysia, behind KL.
So, I'd expect rents to follow suit. Mainland (Butterworth) would have lower prices.
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Penang
Sept 9, 2007 9:32:06 GMT 7
Post by Wanderlust on Sept 9, 2007 9:32:06 GMT 7
Thanks Globetrotter. I've been keeping an eye on the place, too. It's bound to grow and there is already a fast-growing enclave of Brits and Japanese retirees in Penang. I guess they're seeing value in the city.
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