Andaman Island (STP2)
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Overview
A 760-acre reclaimed island off George Town, Penang, planned as a new smart city. The first condominium project, "The Meg," is under construction, with future commercial districts and parks planned.
High demand! This property is getting a lot of attention.
Consider acting fast if you're interested.
Building/Community Amenities
- 24/7 Concierge
- Bar / Lounge
- Bike Storage & Repair
- Cafe / Coffee Bar
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- Garden / Courtyard
- High-Speed Internet / Wi-Fi
- Hotel
- Jogging / Biking Trails
- Marina Access
- On-site Retail / Shops
- Park
- Parking
- Playground / Kids Play Area
- Pool
- Restaurant (On-site)
- Sustainable / Green Building
Investment Insights
Investment Analysis
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Varies by region
Foreign Ownership
Restrictions may apply to foreign buyers
Tax Considerations
Property Taxes
Annual property taxes and rental income taxes may apply
Transfer Tax
Transfer taxes or stamp duties typically apply on purchase
Inheritance Tax
Inheritance or estate taxes may apply
Important Considerations
Restrictions
- Restrictions may apply to foreign ownership
- Additional permits may be required
Required Documents
- Valid identification
- Purchase contract
- Property registration documents
- Tax documentation
Financing Options
Financing Options
Mortgage Calculator
Financing in Malaysia
Mortgage options vary by country. Foreign buyers typically face stricter requirements and may need larger down payments compared to local residents.
Requirements for Foreign Buyers
- 1Valid identification
- 2Proof of income
- 3Credit history documentation
- 4Property valuation
