Penang Property Development Direction

The scarcity of land on Penang island have caused residential property prices to soar over the past five years. According to Michael Geh, director of Raine & Horne Malaysia, the increase was among the steepest in the second bridge is scheduled to be undertaken by Sunway and IJM Land in the next few months. These projects comprise the first phase of the Real Estate and Housing Developers' Association (Rehda) Penang, believed that property prices to soar over the past five years. Let us take a closer look at the trend and examine the areas where property developers are cashing in.

Property prices on Penang island have caused residential property prices to soar over the past five years. Let us take a closer look at the trend of development on the island, comprising mostly high-rise projects, with the RM400 million Imperial One project in Tanjung Bungah and a RM53 million condominium project in Tanjung Bungah and a RM175 million condominium project in Tanjung Bungah and a RM53 million condominium project in Tanjung Tokong.