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Vacant Land for Sale Malaysia
Land in Penang seems to be the hottest cake in Malaysia; it is no wonder that there are many who are looking for vacant land for sale in Penang. Vacant land for sale is any piece of land that free from any physical development and population; it is available for selling to another party for their own development. If the land is non-vacant possession, owner needs to payoff the compensation to the villagers living there in order to ask them to move out so proper development can be done. In Malaysia, we often read news about arguments between developers and villagers for compensation settlement. Generally, non-vacant land comes with lower price but with a cost of compensation; buyer usually pays in a lump-sum amount.
Vacant land for sale in Penang
There is several vacant land for sale in Penang. There is air itam land that could be used as freehold land. Balik Pulau land offers great investment opportunities for agriculture, orchards, estate development as well as residential house development. Balik Pulau land has the advantage of proximity to the Balik Pulau with its breathtaking views from the surrounding hills and the sea. Most of the regions have great infrastructures and electricity supply. You could as well invest in a resort! Batu Ferringhi is another location with good vacant land for sale in Penang. Batu Ferringhi enjoys such natural features as the sea view, and waterfall. This region seems to be great with housing development-super condos, luxury condos, exclusive villas among others would be a great investment. Bayan lepas has vacant land for industrial use, and agriculture. Georgetown is another one of the regions with vacant land for sale that is suitable for commercial activities and other commercial development projects. Tanjung Bungah has the advantage of the sea view and hill views and would offer nice sceneries good for residential developments and commercial developments. In Teluk Kumbar one can also find vacant land for sale in Penang. Other regions with available vacant land for sale in Penang include Gertak Sanggul, Tanjung Tokong, Sungai Dua, Pulau Tikus, Jelutong, Jesselton, Gelugor and Seberang Perai among many others.
Rising costs of vacant land in Penang
Analysts in Penang project the prices of vacant land prices are set to continue to be on the rise. The increase of the cost of land in Penang is attributed to the high demand and low supply.
So what could be the cost of land in Penang? Given the great variety that exists in the Penang with varying values for each piece, there is definitely bound to be varying costs for each land. It is important for buyers of vacant land in Penang to take time and do thorough research on the available land for sale. One could look through the websites and blogs on the internet that deal with vacant land in Penang or get in touch with registered organizations on the ground which in such investments. Get as many options as possible for your type of investment and go for the best offer for your money.