BUSINESS TREND AROUND GEORGETOWN HERITAGE CITY
GEORGETOWN, PENANG - Business Outlook And Trend
A new kind of energy fills Georgetown City of Penang Island these days. The elegant 19th century shop lots are buzzing with life and activities. New business trends related to heritage living style have sprung up everywhere around the city area.
There has been renewed business interest in the areas since the listing of Georgetown as a UNESCO world heritage site two and a half years ago. Both small time entrepreneurs and more established investors are putting cash in conservation projects. Old heritage houses and shop lots have been transformed into chic eateries, boutique hotels, and charming home stays.
A classic cafe example is '55 Cafe & Restaurant', which is located at Stewart Lane. This delightful cafe serves Penang style coffee as well as Italian cappuccino. 'Amelie Cafe' in Armenian Street is another heritage cafe investment, which serves local delights prepared from fresh market ingredients. The new generation of investors are not merely pumping funds into prime real estates, but have shown deep respect for heritage and culture.
Georgetown's heritage listing has also proved to be a huge investment opportunity and a big boost to Penang's economy. Penang is now globally recognized as a selected destination for tourist to visit whichs also upgraded Penang's status as a healthcare or medical care destination. More visitors from neighbouring countries are now coming to seek medical treatment in Penang. Medical tourism enabled many people to get the benefit of high quality medical treatment with more competitive cost in medical expenses, while going on a beautiful and tranquil vacation.
The same medical treatment cost in Penang can be
comparatively lower by as much as 50% of the healthcare cost
abroad . Patients can get the best possible treatment in Penang
while their medical professionals are highly efficient and well
versed in English.