The group still has plans to unveil some projects, albeit smaller in size, which are mostly mid- to low-end products.

Penang is popular among expats or foreigners looking for a holiday home or retirement home under the Malaysia My Second Home scheme. Batu Ferringhi, Tanjung Bungah, Tanjung Tokong and Gurney Drive are some upmarket areas with luxury condos targeted towards foreigners.

Proliferation of highway and rail projects appear to point to optimistic outlook.

Pavilion REIT is likely to continue its acquisition trail with the soon-to-be-completed Pavilion Extension.

Large projects of various kinds mark Penang, from costly residential property development to land reclamation and transport infrastructure.

His failed ambition to be a professional musician leads him to a different career.

It is also looking to expand its business overseas, particularly in the UK.

Location, proposed MRT stations and established amenities draw homebuyers to the area.

Mah Sing’s balance sheet is very strong with a net gearing of only 0.05 times, and we expect it to stay below 0.15 times up to end-FY16.

A stable property market, tax reforms, a large supply of land for sale and a low dollar is making southern Australia a prime location for property investment, business experts say.