KUALA LUMPUR, Dec 15 (Bernama) — SQFT Global Properties and Henry Butcher Malaysia jointly present a diverse portfolio of prime commercial properties located in Penang, Malaysia, for sale individually. These assets encompass a range of income-generating properties, from boutique hotels and colonial shophouses to heritage bungalows zoned for commercial use with promising development potential.
Penang’s real estate market has demonstrated significant growth post pandemic, solidifying its position as a premier destination for savvy investors seeking long-term value and diverse income streams. According to data released by the National Property Information Centre (Napic), there has been a noticeable surge in property transactions in 1Q2023 compared to the previous corresponding periods a year ago. Furthermore, Penang’s flourishing tourism industry stands as a draw for property investment. With its rich cultural heritage, sandy beaches, and vibrant food scene—especially the globally renowned Penang Street Food—the state consistently attracts visitors worldwide. Penang, acknowledged as one of the 22 “Best Destinations to Visit” by CNN Travel in 2022, further underscores the appeal of these exceptional investment prospects within this vibrant locale.
