PENANG: The property scene here is abuzz with speculation that several big names from Hong Kong and Taiwan are eyeing or have invested in properties on the island.
The latest name is Taiwanese movie star Richie Jen, who has spoken of his intention to invest in a holiday and retirement home here.
Jen, who was here over the weekend, said he would prefer a house by the beach, which he could make his permanent home upon retiring from singing and acting.
He also said he would consult ex-Bond girl Datuk Michelle Yeoh for advice as she had reportedly invested in a Penang property.
Yeoh is speculated to have invested in a condo costing between RM1.6mil and RM1.7mil in Gurney Drive.
Speculation over superstars eyeing or investing in expensive property, especially those overlooking the North Channel, is not new.
Hong Kong action superstar Jackie Chan and heavenly king Andy Lau are among those said to have purchased property here.
Chans name has been linked to a high-end residential property in Tanjung Tokong while Lau is said to have invested in a 4,000 sq ft condo in Gurney Drive.
More speculation has it that Hong Kong actor Simon Yam is the owner of a posh sea-front condominium on the island's southwest, with a commanding view of Penang Bridge and the resort in Pulau Jerejak.
The actors have generated a lot of interest and welcomed by the real estate and housing industry here.
Real Estate and Housing Developers Association Malaysia (Rehda) Penang branch chairman Datuk Eddy Choong welcomed the news.
I hope they will recommend investing here to their friends, he said.
Said an estate agent: Such speculation is good for the industry and can help sell projects.
Star power can sell, as developer Belleview Group can attest to, after appointing popular Hong Kong comedic actress Yuen Keng Tang to promote the Symphony Park and Vantage Point projects in Jelutong.
Those who follow the popular TVB serial War of the Genders and Virtues of Harmony (currently aired over Astros Wah Lai Toh channel) will not fail to recognise Yuen, who appears on giant billboards and banners near Komtar and in Jelutong.
Reprising her role as Sin Cher the eccentric legal firm secretary in War of the Genders, Yuen appears in old-fashioned glasses with hair knotted in a bun.
A company official said that Yuens appointment as spokesperson helped sell units in
the Symphony Park project, adding that prices had appreciated.
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