Treading cautiously while remaining optimistic

2015 was indeed a challenging year for the market due to several internal and external issues, such as the implementation of the Goods and Services Tax (GST), the weakened ringgit, political uncertainty, and property market cooling measures, resulting in poor consumer sentiment.

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Penang’s residential market remains subdued

PENANG’S property market remains subdued in 2Q2015 with the average values in several locations and of property types staying flat, according to The Edge/Raine & Horne International Zaki+Partners Penang Housing Monitor 2Q2015.

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