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Chance to purchase house at a discount in Penang

GEORGE TOWN (Feb 8): The Penang chapter of the Housing and Real Estate Development Association is holding a promotion from today till Sunday at a mall in Lebuh Tunku Kudin here to encourage homeownership.

*Stamp duties waived for properties under HOC 2019

*It’s not a wage problem, houses are just too expensive

*Developers foresee dark times due to glut, worse than 1999 crisis

It is being held in conjunction with the national-level Home Ownership Campaign that ends on June 30.

“Discounts of at least 10% will be offered for units costing from RM100,000 to RM1 million, Penang Rehda chairman Datuk Toh Chin Leong  told a press conference here yesterday.

Eight developers are taking part in the promotion.

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