Property developers in Penang are offering various packages to entice the market into buying properties launched last year but could not sell because of cooling measures and a subdued housing market. “Penang’s property market remained soft last year. There might be a reason that the process of taking up affordable housing units takes time, as it needs state council approval. 2017 MARKET PERFORMANCELoo said property market activity this year might have slowed down, but was still stable and healthy. “The property market in Penang is experiencing a period of consolidation and price correction in terms of rentals and sales.

Source: New Strait Times July 27, 2017 03:22 UTC