Why Penang Is Ideal for Retirement and Holiday Homes

Over two insightful days at the SRI office, iRealty Consultancy hosted an exclusive event titled “Why Penang Is Ideal for Retirement and Holiday Homes” designed to give Singaporean investors a deeper understanding of Penang’s potential as a second-home destination.

Edwin Tan, founder of iRealty Consultancy, opened the session by highlighting the strong cultural and lifestyle fit between Singapore and Penang. He shared why the island continues to attract interest, from its strategic location and ease of access, to its vibrant food and heritage scene, lower cost of living, accessible healthcare, and growing appeal for families seeking international education options.

As part of the programme, Eastern & Oriental Berhad (E&O) introduced The Lume, their latest development on the visionary Andaman Island. Ian Oberhart from E&O presented the project as both a lifestyle offering and an investment opportunity, aligning with the growing demand for well-located, high-quality homes in Penang.

The event brought together property professionals, partners, and prospective buyers to explore Penang’s unique position as a retirement, holiday, and investment destination, with The Lume serving as a timely and compelling example.