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7 Reasons Make Penang the Ideal Place for Retirement

Updated on September 13, 2019

Is Penang the ideal place for your retirement?

Penang is most likely among the most promising places in Malaysia, which will fit your budget along with your next home!

So Many Places from Malaysia, why Penang?

Penang, the pearl of the Orient', has many locations that provide an excellent environment for a family with good food, ethnic diversity, friendly people, and lovely beaches.

Famous Penang Street Art by Ernest Zacharevic

Cycling At Penang Street Art

Bicycle Rental At Penang Street Art
Bicycle Rental At Penang Street Art | Source

Penang Street Art At Lebuh Armenian

1)Low Cost Of Living

When you purchase Penang property, you may delight in a stressfree lifetime after retirement since the expense of living is meager. The minimal price of living in the region is among the substantial reasons Penang possessions attracts a lot of retirees.

The quality of living is significant but not pricey. An adequate meal for one in the coffee shop, food gallery, or hawker center prices RM5. A superb meal for two persons at great restaurants prices only RM50. Refined restaurants will cost you around RM180 for 2. For a household of 4, then you want to shell out just RM600 a month. Parking is inexpensive in RM0.80 each hour along with the roadside or parking lots cost around RM2 per hour. With these advantages, Penang has turned into one of the primary destinations for many looking for retirement in Malaysia.

Penang has the lowest price of living in Malaysia. Here's the breakdown

Food -- usually, street food is approximate RM5-8 each individual. Standard restaurants (any kind ) is approximately RM20-40 each individual. High-End restaurants are going to be about RM100 per individual.

Utilities

Cable TV -- Astro is the sole supplier. The subscription fees from Astro range from RM50 to RM250 a month. Astro provides internet services, as well.

Electricity is currently RM0.218 a kWh for the very first 200kWh, RM0.334 for another 100kWh and RM0.516 for its following 400kWH. For a retired man who lived up in a flat in which there's a gentle breeze, so their power bill is generally around RM150 a month.

Water - Extremely economical in Penang because we've got a solid water control system and tons of rain. Normally, our customers pay a minimal fee at RM2.50 a month. For the initial 20,000 liters, it's RM0.22/ / 1000 liters.

Property Assessment fee - It's not costly, and to get a 1350 sqft home (land area), it's all about RM550 annually.

Rents begin from RM1500 wholly furnished for a little flat (800 sqft) at a superb site.

Automobiles -- using a tax-free car, you'll receive approximately 25 percent off the standard rates. Petrol costs fluctuate based on the prices decided by the authorities, and it's priced per liter (not percent). Parking is economical in RM0.80 each hour when parked in municipal car parks or even from the roadside. Parking garages may cost you approximately RM2 a day.

2)Excellent infrastructure

Who says civilization and contemporary cannot exist simultaneously? Penang provides the best healthcare centers and hospitals with exceptional medical services which activate Penang as a popular place for health care tourism. Prestigious universities and schools are nearby the cities.

Penang has the amenities of a modern town. Universities, schools, and global colleges can be found in Penang too. Penang has a fantastic airport also. Arts and doing facilities are readily available to people that are considering it. Telecommunication is exceptional, and the mobile services policy is more comprehensive, and information transfer is comparatively fast.

Promotional airfare from the cheap provider from Penang into KLIA begins from comparatively reduced costs like RM29 each excursion. Could it be a business trip or to get a holiday, Penang is a beautiful place to become your"home base."


Arts Gallery At Local Famous University Science Of Malaysia

Source

3)Excellent Medical Services

Malaysia is now rated as one of the world's best wellness tourism destinations because of its affordable, high-quality medical therapy, with over 60 percent of health tourists earning Penang their favorite destination. The growth of health tourists in the last several years has also led to considerable earnings for Penang's wellbeing tourism industry.

The massive interest in wellbeing tourism triggered the institution of this Penang Health Association in 2006. This technical task force has increased from strength to strength and is currently home to 10 member associations, and two associate members spread over several places throughout Penang. Together they provide exceptional healthcare encircling a broader assortment of specialist health care services.

Equipped with highly-qualified pros and well-trained physicians, both public and private hospitals at Penang provides a vast assortment of health care providers. Plastic, cosmetic, and cosmetic recovery will also be a part of the available remedies around.

Affordable therapy prices attracted medical visitors to the city. The purchase price for a coronary artery bypass graft (CABG) operation might sum to US$80,000 from the USA, but using comparable processes done in Penang, the price tag is roughly RM20,000.


Advance Medical Services In Penang

Photo Credit to Penang Global Tourism
Photo Credit to Penang Global Tourism | Source

4)Fantastic Attractions and Things To Do in Penang

  • Ride a bicycle or have a stroll in the active yet alluring road of Georgetown, you may observe colonial quartets such as the Fort Cornwallis, Esplanade in addition to other historical architectures. Murals have bombarded Penang as an appeal, but every painting conveys their particular narrative, and you can have your creativity to reside inside them.


  • The rich tradition here is hypnotic with churches, mosques, and temples harmonically standing near rather than denying. Each joyous season will deliver these ideal places to existence! In the event you discover the weather too warm, you can escape to colder regions like the Penang Hills and revel in your time. The temperature in Penang Hills is approximately 20 to 25 degrees Celsius, and you can replenish the body with all the refreshing and chilly air of the mountain.


  • If you're an outdoor enthusiast, then there are a lot of beaches you're able to research, such as Teluk Bahang, Batu Feringghi, along Tanjung Bunga.


  • Visit areas of interest, historical sites, and buildings. You will find so many that you will need probably two weeks to go to all of them.


  • Enjoy the gorgeous beaches and beautiful weather. A daily morning walk across the sandy shore is not dull. Listening to the lapping waves is more curative. For natural attractions enthusiastic, there is Saanen Dairy Goat Farm at Balik Pulau, which you can enjoy goat feeding experience. It's fun.


  • Stop by the shopping malls and also receive things at bargain rates.


  • Socialize with local men and women. They're friendly and helpful. Be a part of this community. Stop by the wet marketplace, a place where locals interact socially.


  • Traveling to other areas of Malaysia and explore more discoveries that are beautiful.



  • Help out from the regional charitable organization.

Renown Historical Building Khoo Kongsi Penang

Renown Historical Building : Khoo Kongsi Penang
Renown Historical Building : Khoo Kongsi Penang | Source

Saanen Dairy Goat Farm At Balik Pulau

Source

5)Tasty Foods

Ahhh fantastic food! The Penang Street foods are famous as food heaven, mostly because of its diversification in race, culture, and ritual. Its multiracial offers this renowned selection in Penang's road and hawker food.

There's not any shortage of food choices, and it's tough to discover a shop that drops off of a score lower than"yummy."

Famous Penang Laksa

Source

6)Affordable Property That's Investment-worthy

Penang has a great deal of property for investment and acquisition, condos resorts from the ocean, big bungalows, and terraced homes. An individual can locate any property to match his taste and price range. Investing Penang Property may be the ideal option because the rate of appreciation in the property is very desirable (even though it's still susceptible upward and downturns). Property in Penang is quite appealing in comparison to other island cities like Hong Kong or Singapore. Investors can opt to stay in a local homestay to encounter life in Penang before confirming the choice to employ to MM2H. This gorgeous townhouse at Penang Island only price RM1.7 million that will be relatively affordable.

Beautiful Townhouse at Penang Island

Photo Credit to Happy Homestay Penang
Photo Credit to Happy Homestay Penang | Source

7)International Ranking

Just do an online search on"Penang retirement," and you'll observe that Penang ranked within the top 10 as the planet's most significant places to retire for the past five decades. There are lots of news sites, magazines, and associations compiling data and information, and you may read all of these online.

These variables make retirement and staying at Penang stressfree and full of a unique lifestyle.

Urban Liveability

Year
Global Rank
Asian Rank
Malaysia Rank
2015
118
26
1
2016
117
26
1
2017
115
26
1
The ECA International's urban liveability rankings for George Town between 2015 and 2017 are listed above

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

Comments

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    • Khehlleyzh profile imageAUTHOR

      Khehlleyzh 

      5 weeks ago

      Thank you, Zahra, for your kind comments about Penang. Penang welcome you :)

    • zahra cadiz profile image

      Zahra Cadiz 

      5 weeks ago

      Agree with you 100%!

      I believe Penang is the best place to live in Malaysia. I have been moving around Malaysia for a little more than 2 years as I plan on getting married here and I've stayed in Penang the longest amount of time since my fiance works there. I have been in Kuala Lumpur for the past month now and I already miss Penang so much!

      All you mentioned are reasons I love the island and most importantly it is such a relaxed place. Compared to bigger cities like Kuala Lumpur I really feel a completely different vibe. The people are more friendly and move at a slower pace. People in Penang enjoy their lives differently, not only focusing on money and their jobs, but spending quality time with their family and friends, balancing social and work life. The way they accept foreigners and non-penangites is just outstanding :)

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