News about Penang

GEORGE TOWN (Feb 1): Government staff at the state administration offices in Komtar, Penang start separating the garbage at source today.

PENANG (Feb 2): Berjaya Land Development Sdn Bhd, a wholly owned subsidiary of Berjaya Land Bhd, has awarded a contract for infrastructural works worth RM38.

KUALA LUMPUR (Jan 29): The only way to help house buyers is to get banks to relax housing loan requirements, the Penang government said today.

LAND scarcity and sky-rocketing property prices on Penang island have driven developers and investors towards the mainland in recent years.

MOVEMENT in values in Penang’s secondary residential market remained stagnant this year due to a lack of transactions, says Raine Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in Mainland Penang.

Here are the average prices for non-landed residential property in Mainland Penang on a per square foot (psf) basis.

•    With the abundance of space on the mainland, property prices remain affordable.

HOUSES are more than just shelters for most people.

  This week’s spotlight shifts outside to the secondary market for non-landed residences on Mainland Penang.