How do you decide which country is the right one to live in and invest abroad? You might find it an overwhelming decision with so many choices available. The truth is there’s plenty to consider before making any final decisions to pursue your overseas dreams. It’s not just about picking the best picture postcard of your dream home.
Whether you are looking for a second home…a holiday home…a retirement home…an investment home, Penang, Malaysia has it all! Found off the north coast of Malaysia, this little island doubles as a tourist and expatriate magnet. Malaysia’s secret weapon, Penang with its natural beauty and exotic heritage has attracted many curious visitors to its shores.
A place of mysterious temples and tropical beaches lined with palm trees was the backdrop that famous British novelist, Somerset Maugham used as he spun stories about the romance of the colonial white planter in South-East Asia.
But, why Malaysia you may ask? It’s all about Malaysia My Second Home (MM2H)! The MM2H program is an attractive package that the Malaysian government has designed to attract in particular retirees to come to Malaysia and set up home here. Malaysia offers a myriad of reasons for an expatriate to settle permanently here. And most of all Malaysians are willing to welcome you into their hearts and homes.
Retirees will find that life is much more fun and relaxed while living in Penang, Malaysia, which is a retiree’s haven with ample time on their hands to pursue all those dreams and hobbies which they have never found time for. Cultivating exotic orchids in your garden, taking yoga classes, improving your handicap in golf, having time to try out recipes that you have been saving from magazines, helping out at a charity home are some of the hobbies that may be pursued.
Penang’s exceptional low cost of living and tax-friendly system is most attractive to retirees and foreigners looking for a second home. Property and rental costs are low. Shopping for food in the well-stocked supermarkets is cheap. This is achieved through the Government’s efficient monitoring of the economy in ensuring that inflation is kept low at all times and thereby also the prices of goods and services. A retiree’s pension when transferred to Malaysia will stretch much further than in their home country.
Buying property in Penang is fairly easy. The most popular belt for foreigners to settle along is the exotic northern coastal area, where the most desirable neighborhoods can be found, with its white sandy beaches and sea-facing apartments and condominiums with million-dollar views. Wake up in the morning to a gentle breeze from the sea, a clear blue sky splashed with the vibrant colors of a rising sun and far off fishing boats bringing in the day’s catch.
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