Do people in Penang buy property more for lifestyle or investment?
I’m curious how people here think about Penang property.
From what I see, Penang feels quite different from KL. KL buyers often talk about yield, MRT access and investment numbers.
But in Penang, many people seem to buy for lifestyle too: family, commute, schools, hospitals, sea view, retirement plan, or just liking a certain area.
At the same time, many newer condos may not fully cover the monthly instalment if we include maintenance, vacancy and furnishing cost.
So do you think Penang property is more of a lifestyle decision, investment decision, or long-term asset parking?