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New Market

Thursday, Apr 24, 2014

New Market

Get property tips on Penang this weekend

Gurveen Kaur | Thursday, Apr 24, 2014

Penang is "an ideal place to work, live and play", says Dr Teoh of Henry Butcher Malaysia, Penang.

Penang has long been a favourite playground for many Singaporeans, with its idyllic beaches and famous street food. But the Malaysian state is now gaining prominence as a property investment destination, too.

Voted Asia's eighth most liveable city in 2012, Penang has "the right work-life balance and (is) an ideal place to work, live and play", said Jason Teoh, director of Henry Butcher Malaysia, Penang.

Dr Teoh will provide an overview of the Penang property market at the My Paper Advance Series seminar on Sunday.

Compared to Malaysia's capital city, Kuala Lumpur, the standard of living in Penang is high while the cost is relatively lower, he added.

Dr Teoh will also speak about the investment opportunities in the state and the property market's future prospects at the seminar, themed Strategic Game Plan: Buying Property in Malaysia.

The seminar will also feature Richard Oon, the national tax director of TY Teoh International.

He will speak about the property taxation system in Malaysia and give tips on how to reduce tax exposure legally.

"While investors focus on finding the right property, with the best capital appreciation potential, as well as negotiating the greatest rental returns, many pay scant attention to the largest and surest cost of any real estate investment - taxation," Mr Oon said.

The My Paper Advance Series seminar will be held on Sunday, from 2pm to 5pm, at the SPH News Centre Auditorium (1000 Toa Payoh North). Registration closes today.

To register ($5 per person), visit http://pbp.sph.com.sg/mpadv

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