The project, set to be launched on July 30, was open for registration a few months ago, and received good response from the market.
Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
Rented for: RM4,500 (RM6.04 psf), Concluded by: Chong Teck Seng (REN 05043) of MIP Properties (012-873 1283), When: May 2016
Yap: In the longer term, property in Penang, Johor and Kuala Lumpur will perform well, but more importantly, we need to look at which developer is doing the job.
The economy’s rating is declining to B- from the B+ he gave earlier this year, Yap told TheEdgeProperty.com during a break in his “Thriving In Turbulent Times: The Art of Qi Men Feng Shui” seminar here today.